7-SEP-10:
I actually exited this position on Friday. After beating earnings ARST didn't go anywhere and got taken down a bit. In any case, my stop was taken out right at the beginning of the day and I had to leave the position. $200 loss.
1hr chart:
2-SEP-10:
I put on a really small position (1 contract Sep $32.5 call for $6.10) in ARST yesterday afternoon...This was based on the recent spike in ARST which came on massive volume. Also all hourly signals fired that fabled day.
ARST reports today after the close which they will divulge details of them putting themselves on the auction block. I am not happy with the open interest in the options at this strike but the delta etc lead me to choose this one.
Anyway it was near the CCI retest low when I picked it up and it is holding that low...
Let's see what happens:
Daily:
1hr:
This is my personal trading log that I have made public, none of these trades are recommendations for your own trading. You are responsible for your own trading decisions and actions. Not me. This blog is my way of journaling because I am lazy and I don't know a better way of staying motivated to do it. I post daily and 4hr charts with Acceleration bands (20 prd), %R (30 Prd), and other indicators. I use Price Headley's methods and my favorite setups are %R retests outside the Accel bands.
Tuesday, September 7, 2010
Trade: Long ARST...loser
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