April 23, 2008
UAUA Collapse Anticipated But Not Exploited
On Tuesday last week, the Box was looking for UAUA to go as low as $11.91 - $13.30. I told subscribers that seemed “ambitious,” but I was wrong again. In any event, the trade didn’t trigger or fill so we missed it anyway. Darn.
Cat: | Time: 7:29 am (utc+8)
April 23rd, 2008 at 10:10 am
do not feel too bad, i shorted it back on January 10th at $32 and change… covered two weeks later at $35.47 for a good loss… look at it now…
April 23rd, 2008 at 10:24 am
Born2: The Box actually caught the big move down back in Feb, so not all is lost. :)
April 23rd, 2008 at 12:25 pm
I think this begs the question, how is the box determining target 1.0 & 1.1? Ended up near right on in the end.
April 23rd, 2008 at 2:04 pm
MikeT: This is the mystery of the Box but I suspect it is a simple Fibonacci projection of prior swings.
April 24th, 2008 at 6:56 am
Chairman: I fudged on the trigger price and bought puts,
did well for a change. Thx
April 24th, 2008 at 7:15 am
BobT: I don’t recommend fudging on the trigger but I’m glad you caught this tanker. Can I ask how you decided to buy the puts that you did (strike price, expiration date, etc.)? Thanks.
April 25th, 2008 at 6:17 am
Chairman: The 38% is what caught my eye.The Put was June $20. I was taking a chance but I thought if it moved at all it would be in the money. It was just a lucky call on my part. They don’t all work that way!
Thx anyway.
April 25th, 2008 at 10:04 pm
BobT: A picture of those puts.