Buying Swing: buying QZNBD at 3.10-.15 and APVBT at 3.50 [AM
Posted: Mon Feb 01, 2010 2:06 pm
Buying Swing: buying QZNBD at 3.10-.15 and APVBT at 3.50 [AMZN 120 Feb Calls and AAPL 200 calls]. This is my initial entry into a new swing trade. AMZN has fallen sharply after the introduction of the apple ipad, but here she should bounce. A significant intraday positive is clearing on my formulas but multiday direction remains very bearish so this is a high risk position with mental stop at 2.50 area. AAPL has pulled back after the announcement and here my formulas are on the verge of going multiday positive on AAPL, has not yet cleared but on the verge and if this formulas cleared then we cud get a sharp spike. I am even considering the 210 higher risk Febs aswell.