charts to look at

[lori]

would appreciate any comments about charts BG and ONXX. thanx

[FibMaster]

would appreciate any comments about charts BG and ONXX. thanx

I like BG for a long-term bullish chart, look at that trend!
It needs to remain above $110 to be bullish, below that the odds start to change for the downside.

Do you have a position in that company? Options maybe?

[lori]

no position yet, i'm trying to find a few longer term trades. prob use some options.

[lori]

I really hate the homework that comes when i use options. Are there any hard fast rules about using options? how far out should i buy them?

[cjd438]

I use options as my primary income. If you are trading directionally IE buy a call or a put and wait for the stock to go up or down I would go out at least 90 days. The farther the better as far as I am concerned. If your projections are accurate you can either sell the options down the road for a nice profit or pick up the stock in the future for a better future price.

I have done short term options (monthly) and they can be very interesting. And if you are wrong very expensive.

[FibMaster]

Hi CJD, do you trade options directionally, or you use other strategies mostly?

[cjd438]

I prefer directional trades at least I do when I am very confident about the direction of the trade. But I do have a few call calendar trades on the go at this moment. I also like covered calls...........Chris

[FibMaster]

Which charts are you watching now? Feel free to post suggestions, charts, ideas. Everyone benefits from the exchange of ideas.