I sold my calls in GME, booking a 50% loss in the position.
I find this market position very interesting, both based on what it is, and isn’t doing. We’ll discuss this here shortly after the close.
OA
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NUGT BONER
Out from under your rock again i see
I’ll have the last laugh
Why don’t you stay in the dark till it happens, your premature boners are embarressing
COG is interesting here for a short.
TSLA looks like a good short
bought Oct calls in CELG
I like the strong biotechs
Hell of a push on the IWM into the close – under pressure
curious on that. GME didn’t look broken.
/TF broke 1115 and closed below out. Not good. Unless our favorite pattern of breaking down triangles and then reversing hard works on indices.
Sold 1 and only YOLO FSLR this am so ND (not dead)
GDP -what’s the puts buzz? Huge mar call sold ? IV high…
FSLR was doomed yesterday after it convincingly broke below the close of 3/19. Today all but confirmed the weakness. Timber!
Top shelf analysis, thanks.
and thanks for all you do
FSLR showed relative strength today. Its only a matter of time before its working on its 100 dolla roll.
Um, no. Learn to read a chart. As I said, yesterday’s convincing break below the close of the massive volume wide spread up day back on 3/19 paints a very bearish picture. And today’s tepid low volume up move that moved back to that price level but closed well off the high confirms that bearishness. You’d be advised to close any longs at the very least and wait for strength to return. Was it up while the broader market was down? Sure. But to say that it’s therefore bullish would be missing the obvious bearishness I mentioned above.
Topofthemorning, so you are short? Or what is your position? It’s fun and all to second guess everyone’s positions, but what is your position? That is why blogs exist. We broke 3/19, so short, correct??
FSLR still higher than the low of 8/06.
Interesting tape today with these intently followed OA tickers refusing to close lower or closing up from yesterday: DDD, GLUU, LULU, FSLR, SFUN, BAC, TWTR, YELP, FEYE (barely lower), FB, NFLX, VMW…
Chat went down OA. re FSLR, we had a defined low back in Feb, a perfect 61.8 retrace in May, a pretty decent 50 retrace in Jul / Aug, perhaps now a 38.2? If one draws a line from the two aforementioned lows, you get fairly decent confluence around the 64 – 65 area, I will have to be a buyer at that level, with stops, of course.
Put 2 longs on (TWTR CELG) around 330 and then the bottom dropped out in the last 15 mins. I’m not worried as I’ve seen this in the past and is usually a pretty good signal that we might have reached a short term bottom. There will probably be some selling tomorrow morning but then I’m looking for a pop. If we do sell off I will unload my shorts and look for more longs. My main goal is still to sell the rips though.
JCP looks interesting, use recent lows as a stop, target 12
maybe give it 50 cents to work
market is going to hell, but the old big box retailer bleeding cash at a ridiculous rate won’t go down. >:(
first they sell record # POS with a protruding lens, now people are saying that iPhone 6’s are bending after being in their pockets
steve jobs would be going thermo nuclear right now
pic related
http://static.trustedreviews.com/94/00002e4a1/9923/Bent-iPhone-6-Plus.jpg
Some pretty good volume today in the LULU Oct 45s, Nov 47.5s and Dec 45s. Probably just someone doing some kind of calendar or diagonal.
Whatever happens tomorrow, I love you guys (no homo).
I love u 2 bro
Big fan of bio tech here. Picked up ILMN and BIIB today.
Take a large position in HIMX and you losers might get even for the year .
everyone needs to remember that no matter what, in about 2-3 months we’ll all be celebrating new extreme account balance highs.
OA, goes along well with your under positioned thesis.
http://www.upsidetrader.com/2014/09/11/will-go-nuclear-upside/
Oh Damn!!! Does $FEYE look good right here.
took off TWTR flat. Don’t like the gap up and fade. Need to see how things play out but may add it back at the end of the day.
gap and crap usually means more downside.
What’s this? More pain? YAY!
So maybe the play that hurts the most was a gap up then drop, then chop…make both sides suffer
Maybe there was no pain trade at all. Maybe the pain is waiting.
Really upset that I had two trades considered on Monday – AMZN and BIIB. i went with AMZN….still think it can work, but would have rathered been enjoying something that already is…
and it looks like I am going to have to bail on AMZN if it makes a lower low….
out at a 60% loss
Would be interested to hear your take on $X after this huge run. This is the 3rd or 4th day it hasn’t traded well.
long NQ_F 4046 daytrade
out NQ_F -3
Yeah – it is one of those days
out of AMZN calls, this thing is going much lower.
Agreed – I bailed when it broke 320
Close at support? Why is it going much lower??
My charts have it going to $304-$309.
Maybe I bailed too soon – might have been frustration induced. Looks like I will be sitting out the rest of the day.
yep, it was a revenge trade for selling TWTR…. they never work! The market tests the mind like nothing else.
I think it’s about to break to the upside guys!
You know you’re almost there when you’re about to throw in the towel.
I think this market goes higher – even though I am playing it conservative.
That’s what I’ve been saying…
solar is roaring like a lion this morning.
ho momo
long TRUE right here to swing, spots not hard to manage