My schedule is chuck full today, as I will be providing counseling and taking suicide shifts to help folks wade through a little price digestion in equities.
I’m doing nothing here, as there is nothing to do. Days like this, find a way to get a hold of yourself.
It could always be worse.
OA
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Calm down and bilge.
bloop! bilge!
BLDP!
well…to be fair, IWM is down almost 1%. pretty sure that’s what the majority of your followers hold.
But still, nothing to freak out about here as we had a nice 2 day run.
do you ever feel like maybe being the plug for once? or just content literally always being the outlet
what did I say that hit such a sensitive spot for u?
nothing, i’m just allergic to fish
then you shouldn’t….ahhh nvmd. i won’t go there
no need to freak out, you do enough of it for all of us 😉
exactly. nothing to freak out. nice lil pullback action to balance things out
lol…i do get autumnals point – and if you think the majority here hold IWM, youre missing entirely the concept of ‘market of stock’s we espouse in markets like this
Looks like your Dow trade is broken….
Which one?
i look at today as a chance to get into some trades you already took, or to average up if you only went halfsies last week.
Or add a week
+1
Everything retesting breakouts today.
It’s all within the channel for the RUT, had to widen it a tad, but I expect bounce.
I hope the machines can see the girth of your channel.
Everyone should chill. I am a bear and we are going to go higher for a few weeks. Listen to OA.
Bought CORN Nov 27’s. I will buy the futures tomorrow for a short term pop but I think this might be the bottom.
I need more money.
+3
+1000
– interest
-leg if you skim or miss payment
deja vu: put another one in the books for the tande of ATHM/BITA. I thought ATHM was doing great up $2, now up $4…but rarely sustains it the very next day on a big move.
UGGH I’m reversing my daily losses from earlier. I can hear you now Jeff haha
haha, such a whiner 🙂 but Jehffff, u saaid eet miight powl baaack ‘n reeetest aaaffter yiiistrdays moove.
hahaha UGGH stocks don’t just go straight up and I make money?! UGGH
I am presently talking down my Polish fiance regarding Russian (Putin) insanity.
I also like coffee here but no position yet.
Hmm, 30%+ short interest in $TFM and yet low volume on the gap down today.
when we first met he wrote on a piece of paper “i need money”…i said SHIT ME TOO! Been makin’ it ever since.
that damn crazy KING. >:(
HAR HAR HAR!!! $TEDU FOURTEEEN DORRORS.63!!
$KING. LOL!!!!
I would have thought most would have sold with yesterday’s downgrade . Stupid to stay with a downgrade so close to earnings .
Yea
call me crazy but would this dip in KING be a good buying opp? they’re paying a special dividend of 46 cents, and all the major stakeholders (representing 80% of the float) agree to a lock-up period. Downside should be very little if so.
although what’s the point of IPO’ing in march if you’re going to start paying dividends 5 months later?
Insiders cant sell, but they can pay themselves a nice dividend…
Wise words. Wish someone could have helped Robin Williams sooner. While I didn’t care much for his late night tv interview antics, I thought he was great in movies where he could have a serious side a la “Good Will Hunting”. RIP RW.
Pandora just got the Dan Nathan “Triangle of Death” treatment. Lulz. This guy is a solid fade usually.
Are you a member of Trading Addicts too?
Yep.
Short HCLP to 50?
2 days OA said WUBA top pick but somehow missed his comment in recording. stock? calls?
I am the AMZN whisperer… and this time I shall not sell early!
I did sell… 1000% can’t argue. Bought a cheaper call after though.
Sheesh. Nice one man, keep up the good work.
way to show up for the win, again.
JMEI finding some love of late
Re JMEI – earnings Aug 18th. Anyone have a view about this Co’s report? or should I book profit ahead of time?
great profit, why risk on earnings? Or maybe sell some, keep a little on, then you’ve locked in profit, but risk a little for possible upside.
Thx Yoshii – I have stock – gonna sell 1/2 and use elsewhere.
if youre holding weeklies doesnt matter
$GOOGL testing resistance.
I am curious if anyone is playing the JCP earnings?
i have Jan 2015 puts, and Jan 2016 bankruptcy puts.
Interesting – all the Exec’s here think JCP will come out of it primarily based on ability to reduce rent with landlords. Atleast that is what they are seeing.
I guess it is a cheap bet with big reward if you hit.
look at how much cash they have on hand, look at their negative free cash flow, and look at how much debt they already have. Short squeezes will happen, but when you’re out of money you’re out of money.
i have the 2016 puts at 4 and 5 cents. Clean 20 bagger if they fold in the next 16 months.
bot a tiny position for this week. since the implied volatility is relatively low, the options are pretty cheap for the most part making it a decent bet. would you agree?
I got stopped out of LULU. get back in?
Why would you stop out, then get back in? What was the purpose of the stop?
Capital preservation. but I see your point, I shouldn’t have had a stop if I feel it will appreciate by September.
Have a stop….but have it at a level where you WOULDNT WANT TO get back in. Make sense?
SINA earnings play
I’m assuming those DDD calls you just bought were weeklies?
No, they were August expiry. Did you catch the alert?
It’s the 3rd week of August this week, so isn’t that the same thing this week?
still 2 more weekly Aug expiry beyond this Friday. I was thinking XONE reports tomorrow or sometime this week.
Yes, but technically it is not a weekly. Had I said yes, someone would have pointed that out anywah.
I did not see the alert. Where and when did you post it?
I got the alert but the Aug 22nd expiry are 0.90 and the Aug 16th are 0.41 (you got 0.44)
OA – Have you taken a look at CAMT for another round? Been coiling up nicely since the last big move.
Got some LULU Aug 29 calls
stocking up on that intrinsic value with those DEEP in the money options 🙂
i’m guessing you meant $39
Sorry August 29th, 40 strike. I am regretting the decision already though. It was on a lower low than 8/7. Just decided to be ballsy and catch a knife after my other winnings. Stupid me. 😀
maybe a little early…but i like the idea. I’m stalking it right now. looking to see how it reacts to $38.30-$38.40 range. then i might join you
also, might tack on an extra week, and get the Sept 5th expiry.
Big fan of the look of the profile chart on $NVAX. Picked up some September 4.50 calls and will add to it if it dips.
Any interest in SOCL? I know you typically don’t do ETFs, but with so many stocks we follow in that group, thought it might be worth a look
Jeff- your X trade is just simply awesome.
sold my YOKU expiring this week, had to do it given where I’m at.
Short NQ 3941
ballsy – trade on resistance?
DDD looks good to go here
this place is about to turn into a ZU
OA- Would a stop of 47 on WUBA be too conservative. Loving the consolidation on the weekly and daily chart. Similar to setups you discuss at AHWOA
How come no one is asking about GOOGL today?
Many were likely Ricky-Bobby’d out yesterday, you know?
I’m in some calls, loving this action
Yup – people whine when they get some heat (I am guilty as well), but rarely do people discuss when things are going well. if it weren’t for that kind of action, this would be boring, right?
Have a couple 585 weeklies from yesterday and think we continue higher but think move done for a couple hours. Maybe late day push
Asking what?
I just wish I had doubled down yesterday. That buy spike at 3:45 looked like a tell — somebody knew the fix was in.
People kept complaining about GOOGL yesterday – and the turnaround today is awesome -I wish had doubled down as well….
Great day. I’m still in at 590 but bought a few more yesterday at the lows with 585c. looking to breakeven at this point. monday’s lull and tuesday’s retest set it behind for this week. I might roll out.
OA, thanks for the $P trade out +220%, my first trade with you!
220% damn, what strike you buy? And Aug or Sep? Hella good trade and that was quick!
Thanks Trent, this week’s 25.5 strike, just followed OA into the trade this week.
TWTR also looks good
OA – What’s your take on YNDX?
NUE starting a major move ; two laggards that will move AMX and VSI .
Lurking and wondering with MAR
Sir OA Sir. In a case such as $P where we have SEP calls it it has already run up to at least a double play.. What dod you normally do with all this time left? Stay in and be piggish (more porkchops) or uBankCoin now?
OA – First off, thanks for the wins, this time in P. Has anyone seen more news driving P or is it just a run of the mill squeeze? If there is a legitimate takeover in play – that would be excellent (us your C Montgomery Burn voice for full effect)
I find stocks that are vulnerable to price moves. The reason doesn’t matter so much, as long as its a buyer controlled stock.
I’m going insane and got some NUGT too. What’s the group’s view on NUGT now?
Anybody want to talk about natty? I’m in UGAZ at about $13.50. Looked like it would consolidate around $16, then move to recent support at $18. Instead, it dropped to a minor support level at around $14.60. I’m thinking that it’s a commodity play, commodity plays are going to suck on days like today, and I should stick with it.
WUBA looks ripe..on support…I’m in Sep. 55s
WUBA most overvalued Internet in China per this chart:
http://charts.stocktwits.net/production/original_25668548.jpg?1407875578
I see what you mean….still, gotta go with the chart…this is trading, not investing….
Also, OA’s top pick last night !!
Good day to count your money! So much is working today.
X broke to new highs today for those still in… And GOOGL,WDAY,YOKU,YELP,QIHU,P,
FB,TWTR,ISRG,BIIB, Biotech stuff!
Etc
Etc
🙂
I’ve been in X calls for 400% now and I have them out till October. It’s like the gift that keeps giving.
OA, You mentioned UNG for a reload when it pulls back….is today the day?
Not a bad thought