Just stepped off a plane a few hours ago, and sat down to look over our “cheap stock” theme that was discussed last week.
I bought shares of YOD a little bit ago, and might book gains in MY, IGC, or MNGA towards the end of day.
I sold GSAT a little too early on Friday, but am now looking over the following:
ARWR, ICLD, APP, JVA or BIOF.
OA
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gmcr ?
Pretty
you putting options on the back burner this week?
No, I have about a dozen on.
I took a horse shoe to the head on my last purchase.
I like friendly fire tho.
I am selling my COUP at 30.5+, from 19.7 on Apr 24. Retirement account purchase. Better decide fast if I want to let some ride or not…
Trailing stop of a couple % on full position instead.
Stopped out of PGNX in trading account but bought a JAZZ and TWTR call today.
Out COUP 29.6
nice winners.
Bot LIOX
NVAX is setting up again in next few days. Loving the action in 3d printing stocks…hoping to print me some coinage. DDD/SSYS top two picks here.
Where is “being a little bitch” on the sentiment cycle? Because that’s where I’m at. Other than buying some fslr and some aapl I haven’t don’t shit. I try to pull the trigger and I just urinate down my leg pant in fear.
Been there, Matt. I call it my “sitting in the corner playing with my onions” phase. While enjoyable, it can get a bit raw after a while. It is a good time to get back in since we’ve had a pullback…good to have the cash available.
Matt, every decision I make causes me anxiety. Sitting on fat stack…anxiety, making ten percent….anxiety, selling to soon, selling late….anxiety. Basically I want to slit my wrists. Other then that have to laugh about it. Staying solvent is turning out to be a top priority.
To go along with the buying stocks on the aversion dip theme, here are a few spots I like from a few charts I looked over this evening.
GOOGL at 545-550
YELP at 60
WYNN at 207.5-210
FB at 61
VMW at 95ish (this one is pretty close)
TSLA at about 193
NQ putting in a H&S on the 30min, this is a strong pattern after a big run up and should bring a pullback over the next few days. It fails with a close above 1730.
WDAY monster bounce off the 20..Good Call Jeff; looks like we are headed North baby. Looking at that GMCR Straddle; great idea.
TWTR beautiful setup here
holding some underwater FB 65’s expiring this week. I would sure appreciate some buying here.
Right with you, yoshii. It’s holding at support, but time is working against us here. Alternating moves of about 1-1.5% in the last couple of days…churrrrrnnnn.
If anyone is feeling anxiety about this morning’s action, check out the market profile post that Raul wrote today. The roadmap is plainly laid out for you. http://ibankcoin.com/raul3/2014/06/03/beautiful-context-heading-into-tuesday-trade/
Wow, I’m going to need to go to the lab on that one. I think my cerebellum just fused. http://gearboxmagazine.com/wp-content/uploads/2013/03/ch090519.gif
same here. I understand LVN and NVPOC, but what is VAL? I’m not familiar with the vernacular.
ahh Value Area Low, I’m starting to get it.
yoshii – yes. Value Area Low. Raul really puts out a great analysis, and I’m only now just starting to ‘get it’..
I bought JCP jan 2016 $1 puts for 5 cents.
20 bagger on a bankruptcy. 18 months time for a lotto play…too sexy to pass up.
Another; sideways day of nothing! Summer days are here to stay!
GS looks interesting for a quickie. Also, BALT may have just bounced off that lower trendline..
lightened up considerable this morning. A couple of winners couple of losers.
Only holding KOG and just bought some RIG and looking for a short entry in the NQ
bought GS june4 162.50’s and wday june 80’s.
bought some $WDAY june 82.5’s.
short NQ 3728
This is a first since February. Every single Option I own is in the RED!!!! today. Good Lord. I hope this is just a retest, I just bot P 25.50 calls also. BAC is like having your eyes poked out by the Mountain waiting for your skull to burst. Just drop already and put me out of my misery you worthless POS
I take it you’re holding the BAC June 6 15.50 calls like I am…
This afternoon could be interesting with prices creeping up here. Long CRTO. Bot LIOX. Re- entered MOBI. Nibbled on NPSP. Seems like there are a lot of retail shorts out there feeling their oats. I think that is in part why the Vix and other complacency measures seem catatonic while there is divergence between larger issues and smaller high beta. With cheap trading and easy access to the markets, the retail trader is different than 5 years ago. Emotional trades are, however, constant. We need some serious squeezes to change the tone.
There was cheap trading and easy access to the markets 5 years ago as well. Commissions/access are no different. Only difference is there now are more commission-free ETFs, but most brokerages offering those impose penalties for short-term trading.
buying TWTR june 35’s.
like the gap fill potential at 38
Another solar bash party
lol
SUNE looks really constructive here. Jeff do you have options on this or just stock?
Flirting with the idea of getting some June 21’s.
I have both
Grabbed some Jun2 20’s instead. Might be kicking myself next week for not buying more time, but I really like it here for a pop.
haha, nice, you love that name. i wish i could get it as well.
omg! i shoulda took my profits on AAPL puts yesterday when i had the chance. All red here too, miserable two days with my longs and shorts :(((
Jinx, don’t disagree. The tools are faster, easier and broader than five years ago, but the trader mindset is different. They are much more likely to short and to do so more aggressively. That us how I think you reconcile divergence and apparent apathy as reflected in the VIX. That is why the small high beta sell off went longer than typical without the counter-trend rally. Johnny come lately shirts accentuated the bubble trade.
Three June 21 TWTR 36 calls. Also have 1 June 13 34. Small potatoes but I don’t want to get burned to bad anymore.
Itchy trigger finger to ditch the June 13 35 SPWR calls.
closed NQ -1.5. Battle ground area 3730.