Trading in a Social World

368 views

funny-Internet-characters-Google-Steam-YouTube

Overall, social stocks like FB YELP still rule, as bears have been unable to make even a small dent in them. While ANGI LNKD and a minor TWTR fade today may get bears excited, until Facebook cracks it is hard to see how they can cheer too much.

I am flat on the social stocks, though, unless you count my Google short which has not yet triggered a breakdown nor has stopped me out (over $1,200 would do that).

I have a few longs on as well, like SKUL.

This afternoon, I am simply looking to see how we close. The tape has that 2013 feel of another V-shape to fresh, all-time highs on the indices. However, it will always have that feel even if this is just a snapback rally before we roll over, due to the one-way tape we saw condition traders last year.

Keep an eye on the baby transport plays: ARII GBX TRN as long ideas into the bell.

 

6 Responses to “Trading in a Social World”

  1. Chess: Are you a jazz fan? I’ve played music my entire life and have always loved this Mingus LP.

  2. Nice! Listening to Woody Shaw at the moment.

  3. Inspired me to throw on some Miles Davis “In a Silent Way”

Comments are closed.
Previous Posts by chessNwine

Trading in a Social World

368 views

funny-Internet-characters-Google-Steam-YouTube

Overall, social stocks like FB YELP still rule, as bears have been unable to make even a small dent in them. While ANGI LNKD and a minor TWTR fade today may get bears excited, until Facebook cracks it is hard to see how they can cheer too much.

I am flat on the social stocks, though, unless you count my Google short which has not yet triggered a breakdown nor has stopped me out (over $1,200 would do that).

I have a few longs on as well, like SKUL.

This afternoon, I am simply looking to see how we close. The tape has that 2013 feel of another V-shape to fresh, all-time highs on the indices. However, it will always have that feel even if this is just a snapback rally before we roll over, due to the one-way tape we saw condition traders last year.

Keep an eye on the baby transport plays: ARII GBX TRN as long ideas into the bell.

 

6 Responses to “Trading in a Social World”

  1. Chess: Are you a jazz fan? I’ve played music my entire life and have always loved this Mingus LP.

  2. Nice! Listening to Woody Shaw at the moment.

  3. Inspired me to throw on some Miles Davis “In a Silent Way”

Comments are closed.