Breadth stands at 38%. Shares of BLOX, SPLK, ECOM, SSTK, CRTO, IMPV and WDAY are cratering again, leaving you with a choice.
A. Do you take the leap of faith on the assumption that today is a one off event and the bubble stocks will recover on Monday?
B. Avoid them like the plague that they are, in favor for real businesses?
There is a parable tucked away in the decision you’re about to make. It’s the classic battle of Greed versus Ambition, mixed in with a little luck and timing. Luckily for me, it’s an easy decision, since I am risk averse. I hereby extricate myself from the vagrancy of the market and seek to enjoy my weekend without the specter of monday morning ‘surprise sex.’
We might just be heading towards another PPT oversold signal. If that’s the case, this might be a good time to eat a sandwich and enjoy the show.
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Just put a second mortgage on my house for the purpose of buying ATM puts on the QQQs
Good luck with that
I believe Le Fly might have an interesting story or two on stock options. Enjoy living off of cat food and pasta.
Heat the cat food in a sauce with some weeds pulled from the garden. Cook the pasta al dente and smother with sauce. Ah….the sweet smell of greed.
Lol I love how that was taken as a serious comment. Love the CSLT short, that thing has been a house of cards since day one
crap. now that it seems so certain to be house of cards it will go to $40. jinked it
AVOID. I am short CSLT dummies.
me too
bought puts becase it is hard to borrow
No reason to buy the money losers now. I agree.
Are we approaching PPT oversold? What is the score we are looking for again? It is the tech score in upper right correct?
Overall hybrid oversold is 2.45 and below. Do not mention score on this blog
I wont. thanks for the quick response.
yeah, let’s be opaque
Here lies Jas, he never scored.
Just took out a HELOC to buy SPLK, long-term hold, wish me luck…
Me too but I did it yesterday with BLOX. Ugh
What is up with all y’all buying trash? I don’t get it!
not FB or GOOG
just go to know what to avoid
Poor fundamentals are showing up quicker than I thought for the profitless growth tech stocks. Stay tuned for a comment on one of the darlings. I shorted some of it into the close. The PPT scores while they should be respected do not scare me on this name. How do the PPT’s do at major tops?
Profitless growth stocks always have had poor fundamentals…and you’re just seeing them show up “quicker” now? Gad!
it’s just the russell goin to get the gap filled .. nothing more ..
Not cratering… S&P p/e
19.6
Keep buying. More more
Stretch the flat-to-declining
Sales further further further
had my first rectal exam today. reminded me of this market, you dont shit til ya look at the inside.
Shakeout will continue for a few months, and the long-term winners in Social and SaaS will continue to separate themselves. Finding the right ones will allow you to bank a lot of coin over the next 2-3 years. I recommend staying vigilant in this regard…rather than lazily throwing them all into the same bucket.
You dolt! Who are these long term winners in Social you speak of? I’m glad to hear you have a complete understanding of where this market will go in the next 2-3 years. YOU LOSE, GOOD DAY SIR!
https://www.youtube.com/watch?v=xKG07305CBs
Good comment by dae42…also, stocks drop and drama queen headlines appear….and really, Blue Star, your posting once in a blue moon doesn’t cut it with this plebe. Are you serious about blogging your book like the other pros on the site, or do you think you are someone special. You will surely lose your credibility FAST if you think what you have to offer is better than what these pros blog on a DAILY basis.
Lighten up Francis. I am not special and I am a plebe as well. I am wrong about 45% of the time.
Caught the ‘Stripes’ reference buddy. Arrrrr. +1
“Hamas Pays Muslim Rioters $1,150 a Month to Throw Rocks at Jews”
http://www.frontpagemag.com/2014/dgreenfield/hamas-pays-muslim-rioters-1150-a-month-to-throw-rocks-at-jews/#.U4ogr-RwV3s.twitter
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So … whaddya say Fly …
… ya wanna be a part of my “Framily” ???
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😉
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Mr. Fly sir, what about mentioning score when referencing the wife, girlfriend or hot girl in accounting?
read an article today from market watch, says turkey has stopped pumping water to syria.stopping the euphrates river will devastate the syrian and iraqi peoples. this will cause something big. (search: turkey stops river to syria)