Paper Trade Evaluation and Changes

In my post yesterday I said that I would reveal what I was going to do with JADE, JPM, and OPWV later. This is later. But before I go on, I must mention a correction to my previous posts from February 13th to February 19th. In those posts I continued to mention a paper trade involving S after I had clearly stated in the February 12th post that I was closing that position. For that inaccuracy I apologies. However, considering the price movement of the past three days and the confirmation of the Stochastic and MACD indicators, I am opening an option position of 2 contract shares for S at the Friday asking price of 0.41.

Now, as for JADE, JPM and OPWV, I am going to hold on to them for another trading day. There just isn't enough confirmation about the direction of these stocks and the JADE and JPM options for me to make a prognostication about a change of direction. For instance, although this is JADE's second down day, it's actual price movement was bullish after it gaped down. This suggests to me that investors see the current price as a bargain. The last trading day for JPM and OPWV were bearish but only after putting in new highs for this current leg of trading. Over all, there is no confirmation of a turn down just yet, so I will wait until after Monday. By then I should have a better idea. That is my opinion, you can take it or leave it.

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