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![\"CEPH\"](\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/11\/CEPH.bmp\" "\\"CEPH\\"")
<\/p>\n","protected":false},"excerpt":{"rendered":"So we have all these uber smart guys walking around our desks at SMB. \u00a0 And they are always asking for more.<\/p>\n
“Bella how about a review of the best set ups of the month?”<\/p>\n
Steve is doing that as I write. \u00a0I already have learned these set ups so I get to sit it out. Plus I picked out half the trades so I know what is gonna be said before its said. I am a partner. They give me those privileges.<\/p>\n
“Bella can you categorize your trades so we know which ones are best?”<\/p>\n
So it’s not enough that I give them our intraday playbook. \u00a0But now I have to highlight the best of the best trades. \u00a0What is with this Millennium Generation?\u00a0So as I stand as their servant we classified our trades. \u00a0We got some A trades. \u00a0We got some B trades. \u00a0We got some C trades. \u00a0We have D and F trades but we are not supposed to make those. \u00a0And so today of all days in a stock I have not traded in months Mother Market gifted an A trade.<\/p>\n
There was this news on CEPH:
\nCephalon: Color on Cinquil data (54.82 -4.79) -Update : CEPH is trading down 8% this morning after it and Ception announced results from a Phase IIb\/III clinical trial for Cinquil (reslizumab) as a treatment for pediatric eosinophilic esophagitis (EoE), which did not achieve statistical significance in the second co-primary endpoint.<\/p>\n
Look I am not an analyst but that does not sound good.<\/p>\n
CEPH was lingering around 55 before the open. \u00a0CEPH traded a little below and then found 55. \u00a0Now there is all this talk about HFT this and HFT that. \u00a0I could swear HFT burned my bagel this morning. \u00a0And I suppose there is a lot it. \u00a0But every so often we find a play where the HFTs leave us alone. \u00a0And it’s like I am 27 again, thin, young, good-looking, athletic, dating multiple young ladies (I might be making this part up), sitting at my trading desk trading my own account up 10k plus.<\/p>\n
The 55 offer in CEPH refused to lift. \u00a0The offer was tested at 55 multiple times and for serious volume and the seller would not lift. Like\u00a0Gandhi\u00a0on a hunger strike our 55 offer would not budge. \u00a0Hence we have the Unusual Hold on the Offer Play. \u00a0We have an A trade. \u00a0Short CEPH. \u00a0Trade2Hold. \u00a0Bella not covering unless there is a reason to cover.<\/p>\n
At the time I know some were thinking,”Is the offer gonna lift?” \u00a0 This all seemed too easy with our stubborn offer player just taking all sales 55 on the offer. \u00a0But that is why we call them A trades. \u00a0No one said that every trade had to be difficult.<\/p>\n
The tape showed us tremendous resistance. \u00a0A weak stock had opened and found a seller. \u00a0There was no support to 53.80 and then 53.20 on the longer term charts. \u00a0Get short, hold, and execute.<\/p>\n
Best of luck with your trading.
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