Bearshitters and flip-floppers, pack your shit. Your time here is over.
Today’s turn had a very different tone to it. We discussed having a day this week where growth stocks were quietly rotational against a day like this in the broad market. Take your favorite stock, notice they likely didn’t follow that capitulatory low in the broad market here today.
I plan to discuss this with you at length, but for right now, I’m ready to hit the spree. Be back shortly.
Top picks here: WDAY, GOOGL, CRM, SPLK, AMZN, BABA, YELP.
If you enjoy the content at iBankCoin, please follow us on Twitter
just saw your latest video, you rock.
my question is if i enroll your service can i see a recording of your sessions when ever i wish? since im kinda in between school work and living on the other side of the planet. =]
Any time. Archived forever.
That’s how I started dude–DO IT. You won’t regret it, I promise.
This is coming from a guy that used student loan money for the membership, then proceeded to pay off loans thanks to OA.
That’s awesome Boil. Yeah I second those comments. It’s ok to focus on the overall market so long as its no more than a few minutes a day. Think about how much more money you can make trading individual equities than trying to time some little 5% move in the market.
Nice move so far. Finally moved out of cash in a big way today. I was able to snag TNA right near the lows. Was thinking there was a good chance they took out stops and ripped it. I’ve been eyeing a move to 1,160, at least.
Also grabbed some LNKD at $206 and GOOGL at $580. Good luck everyone.
This is all in the framework of what I think could be a longer term 15 to 25% pullback for the small caps. Prepping a throwback rally to near old highs first. Lots of stuff looks good for a rally now.
How do we know this is not a rally to sell into? (No Trollo)
Only way to know is to try it.
No thanks, I’m long OA
Risk is leading (for the moment, at least). If that shifts, probably a good idea to raise cash. DYODD
+1 Risk rotation big tyme.
So much excitment for a bounce that brings stocks back to break even for the day? Yes I understand capitulation and all, but… what if the market is just range bound or keeps bleeding slowly? This rally seems to bring a lot of relief to longs… perhaps this is a bad sign?
I am not long or short, so feel free to ignore me.
The way it is happening is telling and very encouraging for bulls. $RUT barely broke horizontal support. This is much different than if all indices were down and bouncing off the lows. There was divergence. Everything OA told us to look for.
Sia,
Do you have anything you are bullish or bearish on? Perhaps we can talk about that as opposed to a neutral market opinion.
No, I only try to day trade, so I don’t have anything useful for you. I am long RAD and BABA in my retirement account, both at slight profits.
In addition to your stocks I am also bullish FXE calls with plenty of time on them.
Geez, just got back from a meeting. SPLK is ripping, already missed the boat on that one.
Dat LULU tail tho
sell on rosassonah, buy on yom kippur. wow! works like magic
Not even Google can offer a suggestion on rosassonah.
Did you really buy puts yesterday tho?
i did. sold end of day tho. i rarely hold options overnight. aside for GLD puts which I have for December expiration.
Was kicking myself this morning for not holding but i guess its a good things i didn’t. But looking at the options, both calls and puts are getting kicked in. That’s why i have a hard time holding options overnight. The swings in theta can really get aggravating.
You bought at the bottom? You waited til the very last day? What the fuck is wrong with you?
I need to know
did 2kto2m sell or hold ??
loaded with spy calls. which always double. will sell half at close.
my man
damn wtf they are both down
YINN long here doesn’t look bad
RUT +1100 into the close would be v. nice
Rly like KORS
took a small GOOGL 590 yolo.
Jeezus now up 5% on TNA from the lows. Wow what a move.
Jeff, would you add to VSLR here, or wait to see where a range develops over a week or two?
ecc – I don’t get that valuation on that at all. Have you looked at their S-1 fillings? trades at like a 80 p/s.
How much did you buy and what price?
I bought 1/3 position at 16.50.
Give it a few days.
Have you guys seen the notes from Gordon Johnson at Axiom on FSLR? Keep in mind this guy recommended selling at $12 saying it was going to $0. I believe he was recommending to short X down near the recent lows. Could be a buy signal for FSLR.
“espite missing its second quarter consensus estimates on August 5 , shares of First Solar, Inc. (NASDAQ: FSLR) proceeded to rally more than 15 percent to peak at $72.78 .
Gordon L. Johnson II of Axiom Capital Research released a note on Thursday answering how such a rally is possible.
First Solar has been “executing on what we believe was an unquenchable thirst for yield at the time,” Johnson wrote. “First Solar, after previously downplaying the prospect of it delving into the world of YieldCos, stated that it was now assessing the prospect of launching a YieldCo, with a decision to come no later than the next earnings call (i.e., October 31).”
Johnson admits that that is difficult to determine if First Solar could launch a YieldCo. The analyst cautions that the company “could admittedly paint a picture to prospective YieldCo investors of unlimited potential backlog without actually having to show the projects on balance sheets.”
The analyst holds the opinion that First Solar is not in a position to announce its intentions for a YieldCo given his analysis that the company does not have enough projects to launch a YieldCo until the end of 2015 and that preparing the necessary documents, such as an S1 would takes a number of months to complete.
The analyst explained:
“If it were as easy as any entity with a large amount of capital throwing a couple of solar projects together to create a YieldCo, and then promising potential investors cold, hard, cash to invest in their YieldCo given they cannot show the pipeline necessary for future growth, any company with a large amount of cash would be in the YieldCo business (GE, Goldman Sachs, JP Morgan, Deutsche Bank , Intel, Facebook, Tesla, etc.). The problem, we believe, rests with the idea that this strategy would implicitly suggest the YieldCo parent is willing to dump cash into a risky/unknown investment vehicle, with no clear path to the growth necessary to attract investors. Again, while this would be great for the YieldCo, we feel this would be a detrimental path to take for the YieldCo parent.”
If First Solar does announce a YieldCo, “this would show the emperor has no clothes” according to Johnson who concludes by stating that investors are already including a YieldCo announcement in the current price of shares.
Bottom line, according to Johnson, now is an “opportune time” to initiate a short position in First Solar.”
So….what are you saying?
I’m saying it looks interesting here. Check this joker’s record out…here’s one of his brilliant calls:
http://seekingalpha.com/news/1761373-u-s-steel-among-the-best-shorts-in-the-market-axiom-analyst-says
F*ck grabbed some AKS. I’ve been watching this sucker bleed for so long, at some point need to put a line in the sand here.
Oh, then leave this shit at Seeking Alpha. I nutted that X long dude.
haha. yeah. he singled out X as the single best short in the market right before it was the single best long in the market, big cap wise. Remarkable brilliance in a Rain Man kind of way.
BITA looks good
lot of names screaming da bounce here
@OA dying! Knew this post was coming!! Awesomeness
For your amusement, bought NUGT 23.46. Going to 50 by next week! (JK)
Whyd u drop your sdfsfsds shit handle
OA, I’m assuming your proprietary oscilater triggered today? Curious at what time.
the shit is lining up to give a massive squeeze / gap up soon
Something’s going on with LULU
it seems lulu is trapping some shorts around here
Nike takeover rumor with LULU
Jeff, what do you make of TICK hitting extreme levels on both sides same day, in a historical context? Usual during bottoming process?