Market Curiosity: Exploring Markets And Systems

May 12, 2011

Long RVBD Sept 36 calls at 4.90 (update May 13) +15%

Filed under: +06 to +25%, Long Calls — Tags: — Jeff Fitzmyers @ 10:24 am

+ IBD Top 50
+ Price rising out of the dip
+ All the EMA’s are heading up.
– Overbought short term, but should not matter if stock is strong.
– Insiders selling (oops, supposed to check that before buying 🙂
– Not really entering at an ideal time and price, but it’s profitable so far which is a good indication. (and seems like bonds are topping out and stocks bottoming.)

May 13: Sold partial profit +16%, then closed at +15%. The entry was late and the general market seems a bit toppy, so time to be conservative.

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