Since I’m getting home a little late, I am going to type out a few things that we’ll be focused on for the upcoming week. I should do this more often since I’ve made some insane calls this year, but most of them are on recorded audio behind a password as opposed to print to make its way through the internet. Here are the few topics to discuss tonight:
The Market Situation
The Russell 2000 is the only major index not at new relative highs here. However, the last two trading sessions it has traded well intra-day. I suppose it will pause at its recent highs for a bit, but any fast rejection from these highs should be noted.
Groups of Interest
I continue to focus on solar, social media, and materials stocks. My top picks are SPWR, SWKS, FB, GLUU, ADHD, ESI, APOL, WLT. I will be an active dip buyer in the social media space, and if there is one stock you isolate this week, it should be…
TWTR
I made my case at the IPO that the general public has actively ignored this idea after being cheated in FB. I can’t blame them. However, it should be noted that most “financial guru’s” are steering their audiences away from this name as well, suggesting the stock is grossly overvalued. TWTR is now my second largest equity holding, next to FSLR. I think that because most traders are suggesting that we follow the FB playbook on this stock is precisely the reason why it will do the opposite. I’m looking for TWTR to make a run for $50 and beyond this month, catching most traders off guard and creating a chase-effect. Why will investors chase? Because they don’t own it. TWTR should set the tone as to whether or not these other stocks like LNKD, FB, and YELLP will be able to break away from these multi-month trading ranges.
I suggested we’d have $60 TWTR for Christmas this year, and if that is going to happen, keep an eye on it this upcoming week.
I plan on blowing the roof off this market into year end. I hope you all plan to join me.
See you in the morning,
OA
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The Option Addict is God!
OA what is your base price for TWTR ?
RVLT and SWHC look set.
I am watching SWHC as well. Looks real good here
Is the JASO trade totally blown up ?
no way …solar is in play today
i wouldn’t say so. it’s just trading in a range about $11.60 – $12.50
Jeff, sent you an email. Where can I find the archives for the last few After Hours sessions? I can’t seem to find archives since you switched to the new platform. Thanks in advance.
No more $AAPL lovin’?
JKS…gonna get solar in hyper mode…pin action for SOL
putting MOBI on the radar here…good dip buy spot
that was a hard rejection on CZR at $20. It appears to be the higest level of volume in the profile though. Paying attention with this one.
yeah, that was a swift move.
Good entry for WLT, I think…
It’s re-testing todays low. I like it if it can hold this support level, agree?
Guys what do you think about YOLO weekly’s into QIHU’s earnings they should be better than Baidu’s; as they’ve taken market share from them.
I was thinking December 21st 100 calls
At what entry ?
Picked up some Dec TWTR calls. Looking like a forgotten stock already.
$90
$334 per contract
Could sentiment on TWTR be any more bearish. Just scan the headlines…
Just picked up TWTR January’s
Nice. Like Jeff described, it’s just a sentiment play.
TWTR in a good spot here to manage as well.
10 day 10m chart:
http://stks.co/pdga
oops, here’s the closeup
http://charts.stocktwits.net/production/original_17470848.jpg?1384791315
OA thoughts on QIHU Weeklys they report earnings on Monday; I’m super bullish on this one!
OA, based on today’s CZR action, are you continuing to hold it?
JASO third time testing former high at 11.60. Rejected today.
This is a hard one to figure out, especially considering last weeks performance.
$YGE one of the few solars not rallying on $JKS… was up around 3-4% p/m seems a tad weak..
as long as it stays above $11.60ish, i think we are ok.
on an even shorter time frame (Nov 13th thru 16th), it has been consolidating in a descending triangle pattern which its now breaking out from (probably spurred on by JKS earnings)
Maybe the chisolars need one more good earnings to get’em going. SOL tomorrow?
solars been for sale since gs upgrade