As we move into this next phase for stocks, try hard to avoid your obsessions over and recent love affair with certain stocks.
Remember, you can love them all you want, but they won’t love you back.
You have to have the mindset of “love them and leave them.” Without getting too personal here, let me tell you to focus on other stuff around you. Just because most of these stocks put out for you recently, doesn’t mean they will do it again. There’s a good chance new leadership is born here, just like it was 3 months ago.
As noted yesterday, today is a confirmation day of yesterday’s shift change in value. We’re buyers of dips moving forward, and we’re focused on set-ups over “the market.”
OA
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Hmmm, so you’re saying …when you marry them, they; don’t put out so much any more.
Winner winner!
OA, accidentally posted in prior post.
What do you think of adding LF as a new hedge to my egregiously long portfolio. LF Oct monthly puts strike price 10. Charts looking nasty. Thoughts?
I couldn’t do it today. Very difficult location.
he don’t wife ’em, he one nights ’em.
You are the king of one liners.
I used your last one in my profile above. Classic.
LOL! Nice!
Don’t wed ’em, bed ’em.
Refiners squirting.
OA, I threw the towel, let them go. Today might be the bottom. I’m dead now,,, but I see my GME YGE are smiling at me. Thanks !
I wanted you to do this back in the low 80’s. Sorry for the loss.
I’m marry, royal and obsessed kinda person, so very tough,,, you can say blind,,,romantic, dreamer,,, at a heavy cost.
Still part of me thinking today is The bottom. Appreciate.
I bailed on GMCR at $80 and thought it would jump after I sold. Now it is the high 60’s. I did the same with GOGO recently and it bounced after I sold it. Win some lose some, just make stay in the fight so you can trade another day.
just look at the pocket below made me sick and done. I know I’m very slow and stupid.
Once again the capriciousness of the random ad Gods on this site hit an Option Addict post. On my screen, juxtaposed with Jeff’s headline of “Just Another One Night Stand” is a picture of an overly endowed brunette, in a tight lacy top, hand on hip.
Caption for the ad ?
“Shocking French Movie”
I swear they are out to get you, Jeff.
I am part robot.
I got a 15 month CD 1.15%!!!!!!!
GE ad
I should short them just on principal… lol
I wish people gave me money for 15 months and only wanted 1.15% interest back.
I bet if you hadn’t blocked him, there would have been a Tim Knight ad yesterday
My second favorite post of mine on iBC. I loved that.
AAPL is definitely playing around with us…
Felt like an intraday bottom. Added more to AAPL Oct monthlies.
gnw, pru
OA, did you notice that the TICK score is surprisingly milder compared to yesterday although price and up/down volumes are humongous. How do you prognosticate this? Is it because most of the buyers today are covering shorts and there are not as many new big initiative buyers as yesterday. Ergo, smaller tick?
Wait…tick score moving higher. Initiative buyers stepping in the last hour
No, very strong breadth today. Momentum long day, strongest day in the deck.
Cnq still working. I think they put out these news releases just at the right moment on a chart. A la Icahn’s apple announcement.
Anyone, any idea why spreads on weeklies are wider for in the money calls?
Example ?
DIA Oct 11 exp strike price 148. Bid 2.81. Ask 2.92. Has had a spread of at least 10 cents throughout the day but on a regular DIA call or ATM/OTM weekly calls, usually the spread is only 2 to 4 cents. Want to know why is the spread wider on ITM calls on weeklies?
Because the market is fast. Happens on the way down too. Should have seen those spreads in 08. .50 wide.
Liquidity is high in DIA. And given the upward movement, I would have expected bid trailing closer to ask. But are you saying the fastness of the market trumps the above two for ITM calls and not for OTM or reg monthly calls?
Speed causes action/commotion, and huge order flow. Spreads widen to slow demand.
In case you are wondering like me whether this is a short covering rally… bespokeinvest has a nice blog post out showing that least shorted stocks are outperforming most shorted and stocks hit hardest in the last 4-5 days are outperforming. It looks to me that people are trying to re-establish their positions that they got stopped out of.
Hello OA
Can i have your email id sir .
Thanks
Rajusus
[email protected]