What Worked Today 12182007

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December 19, 2007

Staying long. I didn’t panic when we broke the 200dma’s on the indexes. No. Stayed strong and held on. 4% bounce today in the RUT and about 1% in the NDX.

ORCL is on my watchlist as an earnings play so I bought some ORCL Jan 22.5 calls near the close @ .50. There was very nice volume in these calls.

AMTD is also on the watchlist, they came out with earnings and guided higher. AMTD is up 6% in afterhours. The Dec 20 calls saw alot of action and they were good buys at .15.

VLO and MRO keep working.

Took the BIIB trade because I thought I saw something. So far nothing great, down about 25% on those options. Looks like a crappy trade in the making.

SYNA – I was this close to buying the 45 calls. There was volume there and it was a severe bounce candidate. This morning it looks like its going to gap up in the $44 dollar range off the close of 42.89 yesterday.

NVDA keeps working.

JRCC keeps swinging up.

IBKR hasn’t done much.

GNBT still consolidating. All systems are go across the charts though.

ACI still looks good.

SIM is close to a new recent high.

CLF is hanging in there, but is starting to act a little weird. Watch it closely. Raging buy above the recent closing high of  99.5.




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