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RE: 7/31/17 Follow along as @alexmorris and I try to save J.C.Penney (JCP) from Jeff Bozo and Amazon

in #jcp • 7 years ago

8/24/17 9:40 AM update: I don't think JCP will see the 3.90 numba that will assure more upside. And even if it does, there will be a pullback and another short term buy opp. Current bid on the 9/1 3.50C's is .39. I'll go "all out" of this trade with a 50%+ gain.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=jcp&x=35&y=16&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

7 years ago in #jcp by
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     7 years ago  

    Sorry man I just saw these posts, I didn't see them because I just check replies when I log on but you've been replying to your own posts, not mine so I missed them. All good though I just need to check the post and not replies.

    I'm going to go through your posts in the morning when I'm not under the influence of a few post-work beers, I hope you understand ;) It's a little tricky for me because I have never traded in options before and I'm still trying to figure out if I can get a platform going here where I can do options, or even if its in my best interest to do options stuff, considering I work full time and all that. I don't expect you to care about any of this btw...

    I liked your article about why people always lose trading options. A good post for newbs like me :)

    I guess I was more interested in learning how you think about price action from charts. You say it's easy but I know that I've got a long way to go, so I'm prepared to.... read... books....

    Maybe I'm best to wait for the next GFC and just buy stocks at the bottom. Like I did last time, even though I was too young to know what I was even doing.

    I'm following all your posts and look forward to more good banter. Keep up your good work my friend :)

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       7 years ago  

      I'm trying to post my spews in direct response to the last pertinent spew just to keep things in order for myself. :-)

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