In the midst of all of the turmoil, after all of the shame the Facebook ipo has inflicted upon the American people, the WNR stood tall. It stood tall in a sea of green, as investors reversed early losses into a full-fucking-rout of the bears, in pleasant “fuck you, you’re dead” afternoon trading.
My positions closed much higher for the day. But more impressively, I was able to shift 15% of my old man money into high beta crack juice, just prior to some pretty big runs. The thought process was very simple for me today. The price action in YELP, ZNGA, MTW, NXPI and AAPL have been so nonsensical, so unbelievable, the only reasonable course of action was to buy and buy big.
Look, YELP was down 25% in two days when I averaged down today. It used to be 30% of my assets. However, since the decline, let’s just say the market has reduced my weighting in YELP to a degree that I was able to buy more.
My best picks into a full fledged sentiment reversal are EXK, AG, YELP, MTW, AAPL and ZNGA. But the truth is, I like everything here and have all of my positions listed inside of The PPT, for your perusal.
http://www.youtube.com/watch?v=pifrWs18AiU
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What’s your outlook? Or is the “chaos factor” disrupting the time machine? I’d like to get out into cash before the coming weekend.
higher
good, I agree too, it’s a scary tsunami we are surfing.
FB is such the perfect company for right now! They don’t really make anything. And neither do we! We make donuts and cheeseburgers.
Are these companies really sustainable? Everyone just play outerspaceville listening to justnoise channel, reading writing commenting reviewing about a cold steak, and signing up to knock down margins on companies that do something, all day?
Fly- did you sell any YELP stock or options today? Also, what’s your average on AAPL now?
Holding AGQ, TNA and UCO (shares only in the first, shares and July calls in the second and third). Looking for a bear flag to form on a run to the 50-day on $RUT (currently around 805). I will then look to scale out of all of my AGQ, TNA and UCO holdings and start scaling into some TZA fer sure and maybe some VXX and TVIX. Though I wasn’t looking for it ’til later this year, I think we may currently find ourselves on the other side of the mountain in the small cap index.
I realize GSVC is just trading with FB right now but they own a lot of the other social names. What’s your take on GSVC?
Gsvc lost my respect with their secondaries.
took no action today.. left acct locked up and no damage what so ever ..might leave it like that for a while, until junes election
The feature film productions of Samsonite Hamburgalar marked the turning point .
To keep this rally going we will need weekly
episodes to keep the bearshitters at bay .
dylan’s rad rant http://www.youtube.com/watch?feature=player_embedded&v=M1lJd2eLG0M
Good rant, for sure.
IMO: a “rant” from middle-ager going on 14. Is this guy really American. What a joke.
high probability FB will pop this Friday taken many related stocks with it…
FD: no position
Light(en) em if you got em. Going to touch break even for the year soon. It is your destiny.
only 7 more days like this and ill be back to break even
I am opening my own Hedge Fund. This year has been like fish in a barrel. Loaded up AAPL Oct/Aug calls on Friday around 530. Sold all JPM puts first thing this AM. WHAT A TRADE. I am one emboldened short when the time is right. Last year I was up 26-27%, this year its 45% and looking like a solid 50% by the WWDC where hopefully Cook and crew pull the covers off this TV thing!! Only RGR and NUAN are my laggards so far this qtr. RGR is cocked and loaded, gorge yourself with Oct 45/50 calls and you will be rewarded.
You get one bounce day up after 20 days down and you said it’s reversal lol
HOPE IT WILL GO UP
“However, since the decline, let’s just say the market has reduced my weighting in YELP to a degree that I was able to buy more.”
What does this mean exactly?