I’m sure you notice that my blogging activity elevates as the crowd anxiety creeps in. I do this to help be a voice of reason, and to help you sift through all the meaningless bullshit you read so that you can make sound financial decisions.
We’ve successfully completed the process that I eluded to last night. Divergences, oversold signals, and initiative buying.
Again, bring your best ideas to After Hours with Option Addict for the final day of our free trial and I’ll do my best to provide purpose to your thought processes and trading.
OA
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Booyah! (No Cramer)
Do you like WB here? Got in at close yesterday.
Neg-a-teeev
Took a 20% gain on WB and got into KORS.
Thanks
OA, how late will tonight will today’s webinar and past webinars be available?
As long as they are bookmarked in your browser (vimeo address)
OA – I will be attending tonight’s session ‘old man style’ via the recording, but would love to see your breakdown of de $NILE.
I always attend old man style. Stupid day jobs…
The irony is that granpa attends live…
BINGO
BUCCS, I choked. I like that NILE, but missed the tickers I wrote down to discuss during Q&A. Sorry.
Is this a good place to pick up some KORS?
Better than my spot.
if you draw the fallen wedge using 2/5/14 and 8/4/14 as your reference bottom points, we are sitting on it now.
I am thinking about GDX. Not sure why. Someone hurry up and slap me.
“SLAP”
Anyone gambling on NFLX here?
Price targets?
Gambled yesterday into the meltdown.
Is 21 days enough for AMZN to hit 340 you think? The stock is still around ~323 per usual but the time decay is killing the premium. I don’t own it but thinking about buying. Oddly buying one extra week of time is 3x the price
For earnings
Look back on 7/31 when the market hit this same signal. What did AMZN do after?
Only if you are looking for “possible.”
NUGT
Not again
Cut DE calls -20% I’m sitting tight here. I don’t trust this rally one bit. I’m looking for one more leg down before getting bullish. 3970 on the NQ
with you big chief (…the best)
Each time we do this, it is no less than a 5-6 day process. There is one last dip to buy.
Initiative buyers defend. They are now engaged.
OA, I am holding a buttload of YGE shares from long ago that I never dumped (average cost $4.66). With the thought of not wanting too much in solar, I was thinking of finally dumping those shares and purchasing Vivent Solar once it goes public. With solar having such huge potential, would it make sense to do that or should I continue to hold YGE . Personally, I would rather hold an American owned company long term but for some reason have a feeling about YGE.
I have a shit ton of YGE and I am holding strong. All it took was me seeing their advertisement on the world cup bill board and I was all in.
What is more – a shit ton or a buttload?
I hate the idea of booking a loss if you don’t have to.
As good as your picks can be, that first paragraph sums up the most important service you provide. Everyone need a voice of reason when you are about to pull that emotional trigger.
OA- I can never attend your live sessions, but could you please review FEYE if possible. let me know.
Jeff, the “denial” idea is really growing on me after watching the videos, recent posts, and the market (especially today). This is for growth stock, or TF. What’s your take on other indices that broke their high like ES and NQ. What stage are they on the road map, or simply trending mode? Is it safe to think or assume the enthusiasm stage of ES and NQ will not be finished until growth stock get back to their returning confidence mode at least? Thanks
Use a monthly chart. Eye opening.
OA, you rock. Put on a teeny tiny put spread in AMZN as a sacrifice to the trading gods (hoping they will take that instead of my FEYE, FSLR, DIS and IBM). What do you think (outside of thinking it odd to make a sacrifice to the trading gods)
Some reversals to consider: EGHT – bullish engulfment; RNG – hammer
What do you think, Jeff?
Not liking todays candle in my FL position
Couldn’t resist another nibble on Biotech . Bought GILD oct calls. If one sector is going hold it looks like this one right now.
Bill Gross sounds eerily like Jim Rome’s Jacko voice at 5:20 https://www.youtube.com/watch?v=gEaQ-NU38GY
GOGO
OA,
I watched both videos and learned a lot. I really appreciated the teaching and will probably join by the end of year. Regarding your watchlist and the use of options, how far out do you usually go? Oct or Nov., etc.?