Stock Advice Thread

[DaytonKat]

Out RKDA at 8.03 from 5.33 x 1500....still in a little STMP at 98.30 unfortunately....but looks like it's trying to turn

AYTU watching....didn't do what the chart looked like it would so held off for now

Eye on CLVS

Well done.

I sold a tranche of my CLVS Swing Mar 15th Call options to take down profits. My finger gets a little itchy when we get 2 weeks or so from expiration if I"m up on a trade of much sort.

Edit: I sold those CLVS long calls yesterday. I'm down to a low enough level on them that I'll hold for a bit to see if we can get another nice move up.

 

[catrecruit]

WTW nice bounce.....missed it...not enough eyes!

 

[catrecruit]

Uggh! Out RKDA way too soon!!

 

[lz]

STNE: @ $32.20. Hits what I had drawn as the upper resistance on the chart I shared over the past weekend (see below link where I have not re-drawn any or extended any of my red lines or arrows, only the subsequent days price/volume action appears, etc., i.e., Mon - Wed).

Unfortunately, I never got the entry that I wanted and I was not able to participate in the classic example of the exact type of set-up/trade that I like. Great teaching example though.

To update those options that I had identified over the weekend:

STNE July 19th CALLS $30.00 are now worth $530 a contract. If you recall from my post over the past weekend, those same calls closed the day on Friday, the 22nd) at $193 per contract. On Monday's open, the stock gapped-up on the open, I placed a bid of $215 per contract, and then raised to $225 per contract. I was trying to buy 4 contracts, i.e., I was hoping to risk $860 to $900 on the trade. Simple math tells us that those same 4 contracts would now go for $2,120.

Also, if you recall, the proper entry point on the trade (entirely based on the chart) was on last Wed. afternoon/Thur. morning. At that time those July 30's were going for around $95 contract. Unfortunately, I did not have STNE on my watch list until lz subsequently mentioned it in a list of names he was on.

You can do the math on what the return has been on those contracts based on buying correctly last Wed/Thur.

If I had been on the trade from either the correct entry, or from a late entry on Monday morning, I would have sold 1/2 the position yesterday when the stock hit the $32.00 target to take down a very nice quick profit, and then left the other 1/2 position open for the potential of additional profit (remember, the expiration date on the targeted options isn't until July 19th).

What will I do now? I'll keep STNE on my watch list to see if it consolidates for a bit and provides an opportunity for another early break-out type entry. Look at the chart, the stock is now back to where it traded last year when it was brought to market. There is no more overhead resistance once it firmly establishes itself above that threshold. In other words, lz could be holding a stock that doubles this year. Let's see what happens.

Keep posting what you find out there guys. lz, thanks for sharing your list so that the rest of us could take a look to see if anything interested us.

Link for current chart of STNE:

http://schrts.co/nCrtxAcy

If I understood Spanish, maybe I could figure out when they are going to release their eps report...it’s past due!

 

[lz]

^My information about CGC may not be as potent intellectually as your's is Dayton, but it's equally as powerful as an indicator of success.

Martha "F***in" Stewart........beeeotches......

https://www.cnbc.com/2019/02/28/martha-stewart-to-join-marijuana-grower-canopy-growth.html

Send Martha to DC with some cannabis laced snacks, CGC will quadruple that day!

 

[jameslee32]

Well done.

I sold a tranche of my CLVS Swing Mar 15th Call options to take down profits. My finger gets a little itchy when we get 2 weeks or so from expiration if I"m up on a trade of much sort.

Edit: I sold those CLVS long calls yesterday. I'm down to a low enough level on them that I'll hold for a bit to see if we can get another nice move up.

What combination of option price vs stock price are you seeking or is it simply being in the money with an opportunity to sell the call?

 

[DaytonKat]

What combination of option price vs stock price are you seeking or is it simply being in the money with an opportunity to sell the call?

jameslee, I'll have to wait until tonight or early a.m. to give a response that makes any sense.

Edit: I did put up which ones I bought and hopefully noted somewhere that it was a more risky, nearer term expiration than most of my trades, i.e., I won't hold these long.

 

[BlueRaider22]

Right now CGC is up nearly 5% today........Martha is one baaaad chick........

 

[lz]

BTW, my wife had a massage this AM from our fine therapist, who was trying out a newly legalized (early Feb) Canadian oil in the US, and gave her a tiny sample, which I’m currently rubbing on my two worst arthritis points. Checking on yahoo, I found the stock symbol, a pink sheet OTC stock, OGRMF, selling for 8.38...have no idea if it’s a good investment, will see if it relieves pain.

 

[lz]

BTW, my wife had a massage this AM from our fine therapist, who was trying out a newly legalized (early Feb) Canadian oil in the US, and gave her a tiny sample, which I’m currently rubbing on my two worst arthritis points. Checking on yahoo, I found the stock symbol, a pink sheet OTC stock, OGRMF, selling for 8.38...have no idea if it’s a good investment, will see if it relieves pain.

My shoulder is getting quick (albeit temporary, bone spurs) relief from the cream, knee maybe, a recent addition to my arthritic pains, pretty deeply in there. Just saying, may buy 500 sh for the hell of it.

 

[lz]

Just a few comments on cannabis stocks as I’m no expert, just read a few yahoo articles, but while board favorite CGC hasn’t gone up much since Feb 21, I’ve accumulated 3 different buys on IIPR and 4 on tiny OGRMF. My IIPR buys have gone up 11.76% and OGRMF 6.31%. Maybe other posters have made gains on other cannabis stocks that we should also at least be watching.

 

[lz]

BTW, my wife had a massage this AM from our fine therapist, who was trying out a newly legalized (early Feb) Canadian oil in the US, and gave her a tiny sample, which I’m currently rubbing on my two worst arthritis points. Checking on yahoo, I found the stock symbol, a pink sheet OTC stock, OGRMF, selling for 8.38...have no idea if it’s a good investment, will see if it relieves pain.

Tell you what, the cream felt very good rubbed into my shoulder, supposedly will not get into the blood stream, bought 500 shares and will buy a jar of the cream...I used a #3 sample, #5 recommended for highest pain.
https://abacushp.com/

 

[DaytonKat]

What combination of option price vs stock price are you seeking or is it simply being in the money with an opportunity to sell the call?

When I swing trade, I use out-of-money options, i.e., strike prices higher than the current price when going long with calls, and prices lower than the current price when going short with puts....but typically not too far out.

If I am looking to accumulate an "investment" position, I will utilize in-the-money options, including deep in-the-money options.

If I"m speculating, then I will typically buy an option further out-of-the money. For example, yesterday I did initiate a speculative option trade on SENS. I bought the October Call options with a strike price of $5.00 while the stock was trading in the $2.90's. Might sound like only a $2.10 move, but the reality is that to get to $5 represents a 72% price appreciation, and needs to do so in 7 months! I don't often do such a speculative trade, and when I do, I usually don't risk very much, say 1% position size.

For me, there is a lot of prep work that goes into the selecting the right strike price, expiration date, etc. With some stocks, I can do it in less time than others because I follow certain stocks, i.e., I have a feel for their "tape". I do look at the Greeks at the various options available on a particular stock, and I do have some parameters that I use to rule out or rule in a particular strike price/expiration date combination.

 

[DaytonKat]

I sense that some folks prefer to look for stocks that may be off their highs, and they like to catch them before or at the time they make a move back up. Also, I realize that most here have said they are fully invested, except for lz. So with those two things in mind, I'm going to share another Stock's Chart for illustrative purposes only. Something we can all follow to see how it plays out, because as we know, a stock can break out either way, up or down.

I think for this illustration I won't go into much depth, as I've already covered the charts of STNE and CGC and anyone who has followed along now has an inkling of what things I'm looking at and that I use bright red to mark-off lines and arrows pointing at indicators, etc.

In the below chart of Mitek Systems (MITK), the narrowness of the BB width is suggesting to us that a sharp move (either direction) is most likely near. In looking at the BB width only, that near term move could be today, next week, or next month, so one needs to look at other items on the chart to help decide timing for entry (long or short), entry point, price target, etc.

I'll leave it at that to share the Chart to see if anybody has an interest in sharing what they see, including what would trigger their entry, entry price point, etc.

Chart for MITK

http://schrts.co/baMcHMyu

 

[DaytonKat]

I'd like to share one more chart for illustrative purposes. On this one, I will disclose that I initiated a relatively heavy swing position (long) using the Apr 18 $55 call options. You'll note at the bottom of the chart that the BB Width has become very narrow and suggesting that we should see a "squeeze" in the near term, i.e., a sharp price break up or down (increased volatility).

With having recently initiated a relatively heavy swing position size, I have violated the normal 2 - 3% position size rule for swing trading with options, and have exposed myself to to the potential to a relatively large loss. Given that, I'll be quick to lighten up should the trade move favorably, and close it out should it go the wrong way. I also need to be cautious of a head fake, i.e., an initial break in the what ultimately is the wrong overall direction of the forthcoming next move.

Zscaler (ZS)

http://schrts.co/saDXTvtN

 

[DaytonKat]

Here's what the CGC chart now looks like after yesterday's action. Note that the BB Width remains narrow, i.e, yesterday's action was not within the parameters of being a volatile price move. Also note that yesterday's volume was the most we've seen in the last 7 trading days or so. Lastly, although I did not mark it off when a red line, there seems to be another resistance area here around $48 that needs to be scaled first, i.e, looking (hoping) to see us move thru that resistance level today, and would really like to see a sharp move that carries on up toward $50, i.e., hit the upper BB width line.

Lets see what happens......CGC Chart

http://schrts.co/mzkFRPFu

 

[DaytonKat]

I want to add that many of the marijuana stocks have nice set-ups that could lead to initiating long swing trades on today. Maybe there's another Martha Stewart out there----how about bringing in the Snoop Dog to promote the brand.

 

[catrecruit]

I sense that some folks prefer to look for stocks that may be off their highs, and they like to catch them before or at the time they make a move back up. Also, I realize that most here have said they are fully invested, except for lz. So with those two things in mind, I'm going to share another Stock's Chart for illustrative purposes only. Something we can all follow to see how it plays out, because as we know, a stock can break out either way, up or down.

I think for this illustration I won't go into much depth, as I've already covered the charts of STNE and CGC and anyone who has followed along now has an inkling of what things I'm looking at and that I use bright red to mark-off lines and arrows pointing at indicators, etc.

In the below chart of Mitek Systems (MITK), the narrowness of the BB width is suggesting to us that a sharp move (either direction) is most likely near. In looking at the BB width only, that near term move could be today, next week, or next month, so one needs to look at other items on the chart to help decide timing for entry (long or short), entry point, price target, etc.

I'll leave it at that to share the Chart to see if anybody has an interest in sharing what they see, including what would trigger their entry, entry price point, etc.

Chart for MITK

http://schrts.co/baMcHMyu

I sense that some folks prefer to look for stocks that may be off their highs, and they like to catch them before or at the time they make a move back up. Also, I realize that most here have said they are fully invested, except for lz. So with those two things in mind, I'm going to share another Stock's Chart for illustrative purposes only. Something we can all follow to see how it plays out, because as we know, a stock can break out either way, up or down.

I think for this illustration I won't go into much depth, as I've already covered the charts of STNE and CGC and anyone who has followed along now has an inkling of what things I'm looking at and that I use bright red to mark-off lines and arrows pointing at indicators, etc.

In the below chart of Mitek Systems (MITK), the narrowness of the BB width is suggesting to us that a sharp move (either direction) is most likely near. In looking at the BB width only, that near term move could be today, next week, or next month, so one needs to look at other items on the chart to help decide timing for entry (long or short), entry point, price target, etc.

I'll leave it at that to share the Chart to see if anybody has an interest in sharing what they see, including what would trigger their entry, entry price point, etc.

Chart for MITK

http://schrts.co/baMcHMyu

Dayton here's a site I use to see the days LOSERS---->https://finviz.com/ I only look at those with a sp of 5+ preferably 10+

If it's had a drastic enough drop (30%++), I watch it for a few days to watch for what I call the 'fish-hook' pattern....it takes much of the risk out and can lead to excellent gains in a very short period of time....if the issue has options, you can really exploit gains

 

[catrecruit]

Dayton here's a site I use to see the days LOSERS---->https://finviz.com/ I only look at those with a sp of 5+ preferably 10+

If it's had a drastic enough drop (30%++), I watch it for a few days to watch for what I call the 'fish-hook' pattern....it takes much of the risk out and can lead to excellent gains in a very short period of time....if the issue has options, you can really exploit gains

Just got some CIFS....huge volume a few days ago...chart looks good

 

[jameslee32]

Options trading is a 2nd job apparently. Love the education but I'm sticking to long term investing for now. If during retirement there are enough hours in the day, a 1-2% swing trade can be an enticing way to approach those years since I can't see myself as a gardener or playing bridge.

 

[jameslee32]

Tell you what, the cream felt very good rubbed into my shoulder, supposedly will not get into the blood stream, bought 500 shares and will buy a jar of the cream...I used a #3 sample, #5 recommended for highest pain.
https://abacushp.com/

Added Organigram to my list of pot stocks earlier in the week. It apparently has potential for that massive OTC consumer product that could take the country by storm. Glad your feeling better.Mr. Spokesperson.

 

[lz]

Options trading is a 2nd job apparently. Love the education but I'm sticking to long term investing for now. If during retirement there are enough hours in the day, a 1-2% swing trade can be an enticing way to approach those years since I can't see myself as a gardener or playing bridge.

Retired 10 years, James, think my investing returns were better when I had less time to think about my moves! Hey, I do a little bean sticking, not very good at it, would help if our available beds got more westerly sun! I admire Dayton and others here for their option trading, but I devote enough time to regular investing, duck hunting, a little Face booking, some primarily fiction book reading late night, UK fball/bball and Cardinal baseball in retirement! No bridge or chess for me either...brain not capable.

 

[jameslee32]

Just a few comments on cannabis stocks as I’m no expert, just read a few yahoo articles, but while board favorite CGC hasn’t gone up much since Feb 21, I’ve accumulated 3 different buys on IIPR and 4 on tiny OGRMF. My IIPR buys have gone up 11.76% and OGRMF 6.31%. Maybe other posters have made gains on other cannabis stocks that we should also at least be watching.

ACB coming down to earth late this week. I'm up 5% but in it for the long term in a very small first ever pot position.

 

[jameslee32]

Retired 10 years, James, think my investing returns were better when I had less time to think about my moves! Hey, I do a little bean sticking, not very good at it, would help if our available beds got more westerly sun! I admire Dayton and others here for their option trading, but I devote enough time to regular investing, duck hunting, a little Face booking, some primarily fiction book reading late night, UK fball/bball and Cardinal baseball in retirement! No bridge or chess for me either...brain not capable.

Time to increase your fixed income exposure and reduce the trading account balance??

 

[lz]

Added Organigram to my list of pot stocks earlier in the week. It apparently has potential for that massive OTC consumer product that could take the country by storm. Glad your feeling better.Mr. Spokesperson.

Good for you, James, going between 11:45-12:15 today to pick up a bottle or two....only time the local new distributor/massage therapist has (those 2 ladies are very, very busy helping geezers like me with pain relief, better than any chiropractor I’ve used). I’m almost scared what it will cost per bottle, but my stock rise might pay for it!

 

[lz]

Time to increase your fixed income exposure and reduce the trading account balance??

That would be the recommended smart move, but I hate bonds, I suppose I will continue to go against the grain unless my thought process wanes too much! I just try to have Cash and stocks, an occasional etf like REMX currently to give me exposure to rare earth metals.

 

[jameslee32]

Good for you, James, going between 11:45-12:15 today to pick up a bottle or two....only time the local new distributor/massage therapist has (those 2 ladies are very, very busy helping geezers like me with pain relief, better than any chiropractor I’ve used). I’m almost scared what it will cost per bottle, but my stock rise might pay for it!

 

[lz]

ACB coming down to earth late this week. I'm up 5% but in it for the long term in a very small first ever pot position.

A couple of my holdings “sobering up” today, also. Holds for me, patience in a HOT sector.

 

[lz]

Good for you, James, going between 11:45-12:15 today to pick up a bottle or two....only time the local new distributor/massage therapist has (those 2 ladies are very, very busy helping geezers like me with pain relief, better than any chiropractor I’ve used). I’m almost scared what it will cost per bottle, but my stock rise might pay for it!

BTW, I also stretch about 15 minutes daily for pain relief from arthritis, tendonitis, every “itis” known to mankind, plus go to a fitness center twice a week...those things a must after 50, I would say!

 

[DaytonKat]

Just got some CIFS....huge volume a few days ago...chart looks good

Did you jump on BPTH?

 

[DaytonKat]

Options trading is a 2nd job apparently. Love the education but I'm sticking to long term investing for now. If during retirement there are enough hours in the day, a 1-2% swing trade can be an enticing way to approach those years since I can't see myself as a gardener or playing bridge.

No worries. I'll quit posting about them and the charts and stuff. I thought I'd do it for a bit, a poster named bucket asked about some of my trades, so I thought I'd put a few up. There's been enough already, probably too much. Now back to our regular programming.

 

[catrecruit]

Did you jump on BPTH?

No...I saw it though...insane volume

AMRN on breakout alert

 

[lz]

Added Organigram to my list of pot stocks earlier in the week. It apparently has potential for that massive OTC consumer product that could take the country by storm. Glad your feeling better.Mr. Spokesperson.

ABAHF being a brand new issue in February has hardly any buying and selling going on for now. I’m going to be patient with it...it may take off unless a competitor suddenly dominates.
I visited the massage therapist today, she said her customers have used it now for several months and have been pleased with it. She sells it in various forms and strengths, different problems from muscle soreness to arthritis. I got a sample of the cream at its highest 5 level and bought a 10 ml $27 bottle of CBD Oil roller to use without getting it on my hands, it’s supposedly great for arthritis. She also sells something that scares me a bit despite FDA approval, but my sister-in-law and her boyfriend in London swear by it, CBD drops you put under the tongue and consume because using it internally gets better results. The local therapist here in Tn said a large local “hemp store” offers products sold by competitors, but the employees were very young with no expertise about their many products.

 

[jameslee32]

No worries. I'll quit posting about them and the charts and stuff. I thought I'd do it for a bit, a poster named bucket asked about some of my trades, so I thought I'd put a few up. There's been enough already, probably too much. Now back to our regular programming.

Oh no!! This is an education in technicals I appreciate very much. Please don't take my options apprehension as a reflection of anything other than my lack of commitment in time and effort. Yes I'm a much lazier and rare trader!

 

[lz]

OGRMF is my only cannabis stock of four I hold up today.

 

[DaytonKat]

No...I saw it though...insane volume

AMRN on breakout alert

I actually closed out my AMRN swing this afternoon with the last intra-day move. I initiated a couple or so weeks ago using calls that expire Mar. 15th. Hit target and have to manage the risk of retraction/consolidation leading into a near term expiration.

 

[DaytonKat]

Oh no!! This is an education in technicals I appreciate very much. Please don't take my options apprehension as a reflection of anything other than my lack of commitment in time and effort. Yes I'm a much lazier and rare trader!

No worries. My posts were too lengthy and too frequent.

 

[lz]

FWIW:
https://www.marketwatch.com/story/s...-march-with-a-whimper-analysts-say-2019-03-02

 

[catrecruit]

Just got some CIFS....huge volume a few days ago...chart looks good

Out @ 5.28.....+2.71 x 2k sh
Good start to week

 

[catrecruit]

Out @ 5.28.....+2.71 x 2k sh
Good start to week

Sold WAY too soon again!! @ 6.20 now! Uggh!!