30 Pips vs. 6%?!
Hi again,
first of all, I´m sorry that I could not manage to post yesterday. Anyhow, let´s see what happened to my last advices:
Starting with the PutWarrant (QQIG) on the EURGBP. I bought it at 6.08€ - the high today was at 6.50€ - so, we are currently 6% up. That is good - but, and here is the interesting fact, concerning the undelying asset - which in this case is a currency pair - this 6% gain is not great at all. If I would have sold the EURGBP, I would have had a gain of +30 Pips so far - and, still running. Depending on how many lots you have, 30 Pips are around 30% - which is 5 times as much. Ohoh. I guess I just picked a bad example for the use of warrants...
Somehow it was not my best posting and stock picking day anyhow. (But you have to be aware of the fact that bad stock picks will also occur - it´s the question on when to get out in case they go the wrong way!) I recommended TIVO. And, I was stopped out at 7.75$. So, I lost 2,6%. However, TIVO closed at 7.67$ this day, which would have been a 3.6% loss. But, just yesterday TIVO climbed back to 7.75$, with a intraday high of 7.84$. And, I still see this stock as a candidate for profits (on a weekly basis). Now let´s take a look at NVAX: it lost some points and gained some points. Currently it is at 3.66$, still a gain of 1,9%. Although my RSI(2) displays a value above 50 right now, I still believe in this stock to climb. SL could be shifted upwards to 3.60$ - but I would stick with 3.48$.
So much for now. Today I will starting a long weekend - so, I will post again next week. Good luck to all of you,
The Stockinvestigator
first of all, I´m sorry that I could not manage to post yesterday. Anyhow, let´s see what happened to my last advices:
Starting with the PutWarrant (QQIG) on the EURGBP. I bought it at 6.08€ - the high today was at 6.50€ - so, we are currently 6% up. That is good - but, and here is the interesting fact, concerning the undelying asset - which in this case is a currency pair - this 6% gain is not great at all. If I would have sold the EURGBP, I would have had a gain of +30 Pips so far - and, still running. Depending on how many lots you have, 30 Pips are around 30% - which is 5 times as much. Ohoh. I guess I just picked a bad example for the use of warrants...
Somehow it was not my best posting and stock picking day anyhow. (But you have to be aware of the fact that bad stock picks will also occur - it´s the question on when to get out in case they go the wrong way!) I recommended TIVO. And, I was stopped out at 7.75$. So, I lost 2,6%. However, TIVO closed at 7.67$ this day, which would have been a 3.6% loss. But, just yesterday TIVO climbed back to 7.75$, with a intraday high of 7.84$. And, I still see this stock as a candidate for profits (on a weekly basis). Now let´s take a look at NVAX: it lost some points and gained some points. Currently it is at 3.66$, still a gain of 1,9%. Although my RSI(2) displays a value above 50 right now, I still believe in this stock to climb. SL could be shifted upwards to 3.60$ - but I would stick with 3.48$.
So much for now. Today I will starting a long weekend - so, I will post again next week. Good luck to all of you,
The Stockinvestigator
posted by The Stockinvestigator at 11:22 AM
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