iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

GRIND MODE – As Predicted

I’m sure you’ve all traded through markets where stocks just grind for weeks on end. They are commonly known as “Dow Forty Days.”

“Come, take your forty Dow points and go on with your day.”

As you can see, the Dow got down forty points today, didn’t know what to do, and went up. This will more than likely be the norm for awhile. Get comfy.

Last week, during After Hours with Option Addict, we described this phase that the market is transitioning into. This is an incredible environment, if you know how to select stocks.

For instance, DANG, MCP, DECK, ANGI, PWRD, GLUU, URRE, ONVO are all up 2% or more today.

The stocks we profiled last night: TSLA, YGE, BBRY….not too bad either.

My stocks that are down today? Not to worry, they will be up tomorrow.

We’ll talk this up more after hours.

OA

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29 comments

  1. tp

    UNXL schooled me so properly I ain’t even mad, was smiling as I capitulated like a rookie

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  2. matt_bear

    yeah what the flying F was that move about?

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  3. TheHarper

    There is a strong bid under CREE and I like it.

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  4. Comella

    Hey OA, I know this has been asked, but don’t know the answer… If I become a member now, can I go back and see previous ones like when you first started? Or just the last couple days?

    Thanks
    Comella

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  5. Option Addict

    Thanks comella…

    [email protected]

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  6. mmk

    NFLX 305s doubled, thanks for the heads up OA, you made me look at it

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  7. cheesetrader

    fslr weekly 40s – sold most at a buck from .39 – thank you!

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  8. Option Addict

    NOBODY JINX FSLR IN HERE TODAY.

    $42

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  9. bood

    evry onvo dip will be buyed , buyed and then buyed again , and the stock will eventually rise well over 10$ pretty soon .

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  10. matt_bear

    missed the damn NFLX calls. I even said 310 yesterday. fuck. oh well, next week.

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  11. hitter

    Great YGE tip.

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  12. Bender

    TSL looks ready?

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  13. Mike M.

    took your YGE trade ,thx. What is your unofficial target for this puppy?

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  14. Bender

    Sept $12 strikes are selling for $0.08 but they expire today…worth it?

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    • mrboulders

      I’ll take some of that action. Looks ready to finally push through $12 today.
      Good eye!

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  15. mmk

    OA on channel breakouts like ANGI, do you buy the break or wait for a retest?

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  16. Comella

    So looks like FSLR could stop at $42, but if it gets past $42, could easily run to $46… and beyond. You plan to sell any at $42, or you thinking about holding?

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  17. Comella

    Thought so… I have Octobers… And thanks for the other thoughts… I also have YGE, BYD, and I bought GDX Sept puts 2 days ago and have killed it. I also bought $315 Sept calls on NFLX for $26 this morning. Been a good couple days to say the least. 🙂 You Rock!

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  18. taxlord

    nflx just going berserk

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