Goliathus: 2011

Sunday, February 6, 2011

Trading Rules

Buy early signs of buying pressure. A large white candle engulfing several days is a BIG indicator.

Buying after long period of narrow consolidation is a HUGE indicator.

Sell when buying pressure is exhausted - there are no more buyers.

This is the BEST way to buy with the institutions, and sell with the institutions. Everything else is chump change. Chump change will accelerate price gains for you towards the end of a trend, and alert you exhaustion is near.

75% of breakouts fail.

Sometimes though, its fun riding the waves produced by all the breakout traders.

And in general, no matter which of the above you do, stay in leading industries/companies.

Simplicity is king: buy with buying, sell with selling.

Learn the shapes.

Monday, January 24, 2011

SINA

83.50 +4.74 (6.02%) 4:00PM EST

Strike	Price	Change	Bid	Ask	Volume	Open Int
45.00	-	-	37.60	39.30	-	0
50.00	29.30	0.00	33.30	34.10	-	5
55.00	-	-	28.20	29.20	-	0
60.00	20.60	-1.40	23.40	24.20	4	14
65.00	21.13	0.00	18.60	19.30	-	20
67.50	16.73	+2.93	16.40	16.70	5	68
70.00	14.00	+3.70	14.10	14.40	60	347
72.50	11.60	+2.90	11.90	12.20	7	146
75.00	9.99	+3.39	9.90	10.20	513	1186
80.00	6.50	+2.60	6.50	6.70	1447	2465

Feb 19, 2011

Saturday, January 22, 2011

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chfdeh=0&chdet=1295729835332&chddm=33292&chddi=86400&chls=CandleStick&q=NASDAQ:AAPL&ntsp=0

Sitting at 326, still has room to fall to at least 320 before buy point. Otherwise see price action.

Options play viable depending on whether price consolidates or bounces up.

Friday, January 21, 2011

VZ 34.95 +0.34 (0.98%)

I see VZ beating the March11 ITM 35.65 target with the 34 strike easily.

Strike	Price	Change	Bid	Ask	Volume	Open Int
17.50	-	-	15.45	19.30	0	0
20.00	15.70	0.00	14.85	15.20	0	2
22.50	15.00	0.00	10.45	13.75	0	0
25.00	-	-	9.25	10.75	0	0
29.00	6.15	+0.40	6.00	6.10	6	10
30.00	5.08	+0.13	5.05	5.15	63	215
31.00	3.70	0.00	4.10	4.30	0	66
32.00	3.30	+0.30	3.20	3.25	5	117
33.00	2.39	+0.28	2.36	2.39	210	804
34.00	1.65	+0.21	1.62	1.65	170	1157