Hi diddly dew neyborhinos! Another sigh of disbelief, as my last posting was on almost 7 months ago. Where to begin? Of course! Within days of beginning my last strategy, the "mortgage crisis" reared it's ugly head and National City said aloha to it's price channel of the previous year and a half and has steadily regressed from $35 to $25 per share. Whoops! I'm still holding on for the long term. More importantly, I wen over the chart and identified the signal that foreshadowed this drop. I have since been studying and hunting for more such signals on charts ranging from weekly to minute-by-minute timeframes. Because of the hole I'd dug with NCC, I wasn't about to sell out at a loss to test another of my hypotheses. Instead, I've studied past charts and tried predicting price movements, analyzing mistakes, identifying where I'd gone wrong, and honed my skills. I finally had some capital to work with beginning September 17. Here are the results thus far:
Sept 20 Bought 5 $35 Calls on SYY at $4.20 each
Sept 26 Sold at $4.90 each
6 days, $320 (excluding commission); 15%+
Sept 26 Bought 2 $50 Calls on UA at $11 each
Oct 1 Sold at $12.50 each
6 days, $275; 12%+
Oct 2 Bought 5 $35 Calls on PAYX at $6.10 each
Oct 5 Sold at $7.10 each
3 days, $470; 15%+
Still Open: 3 $5 Calls on AUY at 7.10 each - today's closing price: $12.11 (even) Bought Oct 1
8 $25 Calls on HAS at 4 each - today's closing price: $29.28 (+240) Bought Oct 8
Precise, focused and humble, I bought and sold most all of these at the right exact moment. Wish me luck!
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