SOFO CHART

het brentt,
great job, buddy, finding excellent charts. i bought some APR 07 calls last month recommended by a news letter. unfortunately, it was not a big position but it has multiplied so many times now :)
hey, would you be able to analyze USG? I value your opinion and would appreciate your take on USG near term. Not to mention, this is another reco. from the same newsletter subscription service with a $70 target. thanks

placeyourbets… I took a look at the USG chart and of course the overall chart looks bad, lol….but right now the macd is neutral and the stock is trending up. But since october, this chart is looking better. Buffet bought some of this stock so that is a great sign. It went up pretty big recently and now has retraced about 50% and found support at the 20mva. I see this filling in the gap over the next month or so and that is around your $70 price targer.. Keep an eye on it though, if it breaks through the 51.78 then you might want to hold off on it. What news letter told you about this? Any other questions just ask.

Thanks brett. It’s shoguntrading.com. Very good calls. I play with options and hence i need to be very sure before i put very heavy bets on a particular idea.

Hows that working out for you? I used to play with options, but I didnt do too good in them. My time frame was always off. What call are you using for USG?

The shogun guys are pretty good and thoroughly professional. No crap.
I have Jan 60 calls. It’s a big gamble. I am not sure if we will see 65-70 by next options expiration.

Hi Brett, I love your work. Good stuff. This site mentioned IIG a few weeks ago if Im not mistakened. Today it fell back to the trend line and thought it might be a good time to buy considering a stop would be near by. What do you think of IIG and its chances of a short squeeze? Thanks a bunch!