US Steel is trading higher in a 90% down tape. This position is sitting at an 800% win. A few of those every few months pay down some unrealized losses.
TWTR isn’t hurting here either. Neither are our picks from last night.
Stay strong out there. It’s almost over.
OA
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I need more gifts… when is Santa coming?
just think what X can do if the market trades up
Well, I’m getting slaughtered right now. What’s your favorite from GRPN, SPLK, or FEYE?
Thanks
I bought GRPN today, and FEYE yesterday.
1998 analog…
LTCM blew up off Russian defaulted in 1998, this time it is Argentina.
Thanks Santa. for the X gift
How does BRCM look to you? Fighting the tape today. Strong.
I like that old school tech stocks are heading back to y2k levels. BRCM has amazing structure above its highs.
I don’t think this company is public inside of 12 months
My iBC stock of the year pic Blue 😉
I am a bear on the market but I may go long this one with options.
Solid pick.
I still like me some FSLR
Straight up liquidation … all day long.
that PCLN looking good after Expedia results
Thanks for X last Thursday OH. Made my year.
That’s what I like to hear. Well done.
I have half my X left and just as much KING. i just wish i didn’t fuck up the awesome day yesterday by juggling too many grenades at once.
password for tonite?
you need to subscribe, freeloader
gary… hilarious
X is my very large monster trade of the year. Thanks Jeff for sticking with it and the volume pocket story.
The trend is your friends until it reverses convincingly. I haven’t seen anything convincing yet.
Closed the NQ +8
Not feeling great about holding overnight. I’ll revisit in the morning.
I rolled my entire X Aug 28 call position to Aug 32s. I may be a fool for doing this, but this stock looks really strong right now. It refused to go below 33 when the market was melting down and actually held most of its intraday gains. If we can see 35 I’ll take off half.
I was planning on making a similar move if it set up some king of consolidation/flag after earnings in hopes that would allow lower implied volatility and good entry point. I probably would have brought in enough cash in the process to recoup the cost and let all the profits ride on increased leverage, or even take some off, because that way this strategy can’t break a good trade and it will normalize/reduce the volatility a bit more while still providing greater upside potential.
It’s kind of the extreme of what letting winners already accomplishes in that it amplifies your monster winners even more with an even lower max win %. Since we successfully got above the resistance and have a large upside target, this move makes sense…. Particularly because implied volatility tends to decline so much post earnings.
Ballsy move, Quality. Hero or zero amplified.
I won’t let it go to zero, but yeah it’s certainly risky.
Market went full retard today. Futures already looking pretty good here.
I ended up stopping out on DMD at 5.01 only to have to come right back, but more actionable maybe is the fact that is was notably strong today and closed at the high.
Has inverted head and shoulders fully formed and is at the neckline now. One to watch maybe.
Prior times fear and greed index at 9. illustrated here https://twitter.com/ukarlewitz/status/495030804158746624/photo/1
Glad to see this indicator cited in your prior post, I’ve been following http://money.cnn.com/data/fear-and-greed/ for quite some time
Next level of support I see on the NQ is 3835 (another 20pts) I’ll be a buyer of that for an oversold bounce if it gets there.
In the intermediate term we can sell down to 90 in qqq’s and still be in a nice uptrend, This is the problem when markets/stocks go up in a straight line (check out a monthly chart of any index) the pullback is usually steeper than people can stomach.
Remember AAPL’s retracement in 2012? It was more than most expected but turned out to be an unbelievable buying opportunity, I think this will happen with the markets.
Thanks, Chiefton – trying to figure this market out, but I don’t think we will get any real idea until after the jobs and wages number – don’t know if we are going to get a rally today, but I am still hopeful for next week…that being said, I am looking at NFLX for a short opportunity, holding AAPL 95 puts this morning
grpn or feye re:risk reward?
Right now? I would wait for the market to choose a direction. GRPN is safer because it is near its lows, but the upside will be limited, (but a gain is a gain, right?). FEYE is at support, so as long as it holds in the market today, could be a great set up, for next week, but the risk is much greater. OA has both if that is a good indicator – I wouldn’t bet the farm on either if you go with them
hmmm.I might bet the old barn on groupon. thanks
What do you guys think about $UNXL earnings play? TIA!
Horrible tape. My losses doubled since I woke up this morning. Stay clear of solar stocks. All are sick
hahaha – just bot FSLR calls – right before the new lows. head:bang:desk
Picked up a weekly 62.5 just now
How much do we trust in the PPT… just not sure right now. Want to buy more but just sitting on my hands.
bought FEYE, IMMR and more TNA
I don’t subscribe to ppt. Is that really that accurate?
Away from my desk…anyone tracking the mcclellan? what is it reading?
hmm – time to shutdown the comp and go on a walk.
OA, in situations like today, do you look to add to your tna position or sit on what you have
Anyone like MNST here? Perhaps an AUG2 earnings play?