I joined hotstockmarket in 2007 with the intention of helping fellow traders and exchanging trading ideas. The chat room was a lot of buzz with just to name a few Spectre, mrweekend, arthur626, binks and czar. 2015 I didn't do a lot of trading just couldn't get my head into it cause our younger daughter was ill and it seems like every day we were going to appointments after appointments. September 2015 was a big turn around for her back in school doing really well so in March I started back slowly trading come April disaster struck again she gets a concussion. Long story short I told the wife I need to get back to trading cause it's what I love doing. So I'm back at it and yes I can't stand BS show me documented facts and all is good. lol
DOW futures is down as I am writing this and this week will be a test to see if 17,000 hold if it doesn't lookout below. I'm in GLD calls $123.00 july expiry @$1.50. Sold some of my $120.50 and riding some freebies. I will pick up some CBOE VIX between $25.80 - $26.10 this range is my comfort level.
This name CLVS was on my radar back in March and I will be buying it at the open. I did some digging into a few things and I'm quick to say I'm not a currency trader but I like the US$ long.
The day was a very interesting one I did pick up some CLVS after my DD back in March, my buy date was the 27 June due to an upcoming FDA meeting and as of today I entered this name I must say I'm down in this name. GLD calls I'm still holding, out the gates the CBOE VIX was down so I sat and just watch and did zilch.
LOL too f*****cking funny I had the one with the 2 guns behind the back pic the wife hated it even after pleading with her its just about hitting they right play.
Welcome back Hitman and glad to see you start a thread. I also remember Spectre, mrweekend, arthur626, and binks but can not place your name (a memory issue on my part). I would have been posting under Brazer when you joined HSM in 2007. Good luck on your trading!
Thanks tiptop. Yea the hair on my head is partially gone and my memory is also gone can't say I remember the name brazer but its good to be back with such good company and may we all enjoy more trading success.
June 30 researched names: EGLT, TXMD and AMPE goes before FDA in July, PETX Aug and GBT. Do your own DD.
How do you play these usually? Toss in a few hundred into all of them and try catch one, or hedge with options (if available)?
I go through what I like to call the 4/5 checkpoint for PHARMA co's 1) Is the name really going before the FDA 2) Pharma news and updates. 3) Are names being held in any ETF 4) Does the name offer options 5) If any of the big pharma(PFE or LLY) have a small interest in them. Hedge with options
I'm looking at which sector is the next to move so as to play names that are beaten down in that sector. If we look at this screen shot from finviz the 1 month shows that consumer and industrial goods look like it could be setting up to move upwards. So I will be looking at a few ETF's in both sector for a confirmation then will post some charts of names that are setting up to run. Anyone with similar ideas/views lets hear it
