Wednesday, February 14, 2007

Daily Calls Feb. 15, 2007

Even though the major indices may continue the break-out, I don't see attractive RSK/RWD for new long positions. Initiating short positions at this stage are very risky, but the RSK/RWD ratio could be very handsome, the solution? Be very stringent about any short-on-top setups, especially make sure that the stops are very close, and use scaled entry with no more than 1/3 full size as the initial entry, add to the positions ONLY when the setups unfold as expected.

1. AAPL: CTT between 83 and 85.6 use very tight stops, don't trade the mid range.

2. AEOS: speculative SW-S1 on top if it spikes towards 33 with a stop just above 33.2, IT=30.5

3. ANF: speculative SW-S3 on top, entry zone 83-84, stop just above 84, IT=80.

3. CTRP: speculative SW-S2 on top, entry zone 63.8 (EMAS50) to 64.3, stop just above 64.3.

4. DVN: CTT between 66 and 68.5 use tight stops, bias is neutral.

5. FMCN: CTT between 75 and 82, don't trade the mid range.

6. NUE: speculative S1 on top, entry zone 64.6-65.5, stop just above 65.5.

7. SONS: DT-S1 on top if it spikes towards 7.8 with stop just above 7.8, IT=7.5.

8. WLT: speculative L1 on bottom if it spikes towards 23.7 with a stop just below, IT=25.5.

9. X: speculative S3 on top if it spikes towards 89/90 use a tight stop.

10. BIDU: reported Q4 in AH, traded between 105.8 and 119.9, solid S/R around: 106, 110, 112, 117, 119.

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