Stock Market is the bottom in?

[bigboreblr]

Is up 517% in not even a whole day good?

Someone's thumb is on the scale?

Think the TLT might not be a hot one to hold on? Feds held the rate.

Might wait on Microsoft a few hours to buy.

 

[Telemark]

I figured it out. I should be out of the trade on the next resumption.

 

[Telemark]

English please

A stock is running up so fast that the exchange keeps halting trading on it to slow momentum.

Stock Halts | Lightspeed Financial

What happens when a stock is halted and what are some of the reasons why

lightspeed.com

 

[Telemark]

I think I might buy some UVIX, set a trailing stop and walk away. I'm mentally exhausted.

 

[Telemark]

Isn't there some kind of rule in place that after a certain number of halts the trading of that stock is done for the day? Or did I dream that one up?

Not exactly. It's currently in a volatility halt, but they can decide to put it in a T12 halt until they can figure out what's going on. It's a Singaporean company, so I might be difficult for them to get someone on the phone.

They can also leave it in a volatility halt as long as they want. The previous one was over an hour, and the stock is listed on AMEX, so they don't tell you when it will resume. You just have to sit and wait.

 

[hunts_with_stick]

So you do mainly day trading? I don't do that. I should (maybe) but I don't. I'm more of a buy and hold at least for the short time.

 

[jsasker007]

 

[jsasker007]

TCGL at $90

 

[Telemark]

So you do mainly day trading? I don't do that. I should (maybe) but I don't. I'm more of a buy and hold at least for the short time.

Yes. It took me years to learn how. It takes a lot of experience to consistently read patterns correctly. I'm successful, but I still consider myself relatively new. It will be a few years probably before I dare trade like the real pros do, if I ever get there at all.

 

[Telemark]

TCGL at $90

Wow. I walked away at the right time. I went and made dinner and watched Mandalorian with the wife. My brain was totally fried, and I couldn't handle any more.

I got out around $105. Looks like it halted up one more time and then just sold off and chopped around on low volume. The halt bands are off now after market close, but the stock has almost no volume, and the spread is like $7.

Some of the die-hards are trading ANL after market close, but it's just too late in the day for me.

 

[buckvelvet]

Sometimes you get lucky on a hunch, I bought FATBP on a whim yesterday on the bankruptcy announcement, today after close it ran and I made a nice 19% profit on the way out the door.

 

[SD51555]

I made it through LMT earnings in great shape! They were hovering around $585-$595. I sold a $635 call ahead of earnings, and they touched $630 but no more. I may have to ride that call out through tomorrow, but it looks damn good.

 

[SD51555]

MY Visa put made it through too. If the price holds around here through tomorrow, I may just buy it. Time to stops goofing around and just take it. The calls going the other way now that earnings are over look good enough to own and keep some breathing room.



If I can get it for $330 and sell the $350 put out two weeks, it's paying about half a percent. Do that 26 times a year + the dividend, that's a 14% income rate and a mountain of upside.

 

[SD51555]

Chevron reports tomorrow. I chickened out and bought back my calls before earnings. If I miss this one taking off, I’d be mad. I’ve been waiting for years for oil to finally take off. I had $180’s out there and saw a chance to still get out while the price was rising.

My luck is bound to run out. I’ve been running hotter than ever the last six months.

Sent from my iPhone using Tapatalk

 

[Telemark]

I made it through LMT earnings in great shape! They were hovering around $585-$595. I sold a $635 call ahead of earnings, and they touched $630 but no more. I may have to ride that call out through tomorrow, but it looks damn good.

They were over $640 yesterday morning. I had it on a side chart yesterday after the news of the sale came out. Probably not high enough to execute, considering the premium. Good job on that play.

Defense has been my most solid sector this year, so I'm doubling down. Especially drones. It looks like ZENA is down, so I'll buy a couple hundred shares today.

UMAC is coming down, but still a bit high, I think. I'll spend some time at the weekend reading up on fledgeling American drone stocks and see what I can get at a bargain.