Penny Shack

CIEN closed above $15 for a small gain on light volume

mynameisgabe — Thu, 16 Sep 2010 20:17:26 +0000

It traded pretty tightly today. That’s a good sign I think! Should be an interesting day tomorrow.

CIEN is consolidating right below $15.

mynameisgabe — Thu, 16 Sep 2010 16:45:19 +0000

It broke out past the $15 mark but failed to hold and broke back down past 15, but it’s been holding strong at around 14.80 – 14.90 and consolidating. The volume was lighter than average yesterday and closed about 1% higher than it opened, although it was down a bit from the previous day of trading. Today it’s been trading very tight with low volume again, which tells me people aren’t willing to sell yet and that is a good sign. I’m watching for it to break out of this tight pattern around the time it hits it’s 10 day moving average.

Still holding long 2737 shares, 20 OCT 10 15 calls and 35 OCT 10 16 calls.

CIEN keeps moving!

mynameisgabe — Mon, 13 Sep 2010 15:58:14 +0000

CIEN kissed $15 this morning and is holding support at about $14.70 today. My October $15 options have nearly tripled in price for a nice $1000 profit so far since last week when I bought them. It’s my first real foray (is that redundant?) into options trading, so I’m not sure what to do… Hold the options and hope for more profits, or sell and take what I’ve made so far?

CIEN pushing to new highs

mynameisgabe — Wed, 08 Sep 2010 17:15:31 +0000

For those of you watching the twitter feed, you know that I bought CIEN when it pulled back and held support at around 12. I bought 2537 shares at around 12.35 and 10 Sept 10 14 calls. The stock spiked on better than expected earnings today and I sold the calls for a descent profit. I also bought 20 Oct 10 15 calls a few days ago which are showing a nice profit after the bump in price. I’m new to options trading, so I don’t know if holding them is the right thing to do, but that’s what I’m doing. I expect a pull back in CIEN today and hopefully it will consolidate and push even higher!

Disclosure: I am still long 2537 shares of CIEN and long 20 Oct 10 15 calls. > $5200 profit today!

Stocks Long Positions

mynameisgabe — Tue, 22 Jun 2010 17:23:48 +0000

ticker symbol / buy point

AAPL / 274.81

CTRP / 43.17

CTSH / 54.15

DECK / 163.31

EDU / 102.07

ULTA / 26.19

VMW / 72.16

Do exactly the opposite of what I do….

mynameisgabe — Tue, 22 Jun 2010 16:56:42 +0000

When I buy, the stock goes down. When I sell, the stock goes up.

SOLD -500 FIG @3.891

mynameisgabe — Tue, 25 May 2010 14:18:04 +0000

Hit the stop loss

BOT +500 FIG @4.02

mynameisgabe — Fri, 21 May 2010 19:45:40 +0000

While the market is in this correction, I’m going to swing trade penny stocks.

stop loss: 3.80

profit stop: 4.5

SOLD -12 NFLX @102.06

mynameisgabe — Fri, 14 May 2010 19:16:46 +0000

yikes. no bueno.

SOLD -39 MED @34.70

mynameisgabe — Fri, 14 May 2010 15:29:31 +0000

Got back in too early….