New longs: AVII (1.90), STAR (24.48)
Completely covered shorts:
MELI 30.43 ( -9% short at 27.90. Failed attempt at smelly meli short. )
APOL 66.85 ( -1.7% short at 65.71. Failed attempt at education short )
Notes:
– Cleaning up on failed shorts. This is a 2-week chart of MELI, which I sat through as it squeezed up. Plan was for it to breakdown under 27. However, tape got kind of quiet, then suddenly… BAM! Momentum is back in market. Not good to short quiet tapes…
– Buying the STAR dip after earnings. 1/2 position. Beats, raises, but… downgraded?!
– Buying AVII, dice roll on new 52-high. A lot of buzz going on in NAVX after MEDX pop.
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…i still stand on the vix though… now is not a good time to go balls long.
Your VIX Theory is in my 2nd Video with a mention towards you. I agree with you wholeheartedly.
Where is the video?
I would like to see it!
GIO,
how much more do you predict Meli to go down, before it should be bought again? 25-26?