Disclosure: I own JASO calls
Monday, January 28, 2008
Subscribe to:
Post Comments (Atom)
Welcome to Stock Geometry! This casual music and financial blog typically involves posts of music videos and candlestick stock charts looking at intermediate term trends. Think MTV meets CNBC. My positions fluctuate, but I’ll always disclose positions in posted stocks. You are responsible for your investments! – Dr. pythagoruz
Contributors
Useful Links
Blog Archive
-
▼
2008
(243)
-
▼
January
(27)
- Pullback Ends with a Hammer Reversal
- The plot thickens... (rogue trader)
- BAC lower lows and lower highs
- Its been a good first year for JASO
- Pullbacks
- They got him! (the black swan)
- Saturday Rock Blogging: Helter Skelter
- The "Rogue Trader"
- Bear Market Rallies
- Biggest rally ever?
- Better Headline: US Stock Market Collapsing
- NYX chart
- Volume is in an uptrend!
- Saturday Rock Blogging: My Life
- Volatility spikes as panic ensues...
- Gold continues to make new all time highs...
- All Short Here
- Mixed Indicators
- Saturday Rock Blogging: Coldplay
- SOLF charts
- Getting chopped up
- The Dow Jones and S&P 500 are in Bear Markets
- More recent Jim Rogers video
- First Solar Update
- Places to dig in your claws
- Saturday Rock Blogging: Bear Necessities
- US Small Caps are in a Bear Market
-
▼
January
(27)
2 comments:
Hey Pythag!
I think JASO will retest the 40 week and bounce. I'll definitely buy some calls and get into an aggressive bull spread when/if it does.
Tomorrow being FED day, I think the higher the rate cut the more damage it will do to this market.
"Yes nurse, I'd like the bone reset."
-Xerxes
Yeah, waiting for a dip is always the best way to go especially with the volatility we've been seeing. JASO is a stock I have been following for a while. They make some of the highest efficiency cells on the market and they are on location at a huge market in China. Plus they have proven themselves worthy to wallstreet since going public a year ago.
I actually bought some stock in their silicon supplier today, SOL, which just went public.
On that 40 week, yeah many stocks have pulled back that far but not JASO. I like to think this is a pretty bullish sign and the stock trades well, but it also worries me. I'll most likely sell the March JASO calls I have left tomorrow and wait for the next market bounce. I want to see how earnings are and how the stock reacts to the split next week. Then look at options on the new post-split stock.
Problem is most stocks will drop in a declining market.
Post a Comment