We’ve talked about this on a few occasions, but BABA bears a striking resemblance to TWTR a few weeks after its IPO. Take a look:
This remains one of my favorite ideas in the market right now. Shout out to Dan Loeb for the support.
OA
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http://www.thirdpointpublic.com/wp-content/uploads/2014/10/Third-Point-Q3-2014-Investor-Letter-TPOI.pdf
I’ve got some Dec options on it, so hoping for a similar Christmas run.
just wussed out of SPLK for 11%. hoping I can get back on a dip.
there will not be a dip ever again in the market. haha
dam, sux to have been hedged the last few days
i think this is what u call rip your face off rally
I own this from average of 85.92, I am very skeptical of this position though… but then again I am always fearful of my winners.
Crazy how that works, huh?
Must be nice to mention a stock and have it rise 5 bucks. Can’t believe Loeb didn’t call me first.
Ole Market a Makers hit those stops on TRUE. Poor fuckers.,, now they’re taking her back up to the promise land. So rigged
Fear and Greed Index at………….8!
Jeff, you think the big selloff is behind us now?
Starting to look that way. A few more reference points we’ll discuss after the bell to watch out for.
coo. thx
Sia we are are probably all in aversion right now unless you’ve been navigating this bad stretch well.my expired Celg 95’s are pissing me off .
Alright, in the Nov TRUE calls @ 1.55, commence rally.
Love the new avatar. LET’S GO ROY-ALS!
I’m with ya. It’s electric here in KC! Let’s enjoy the games.
Now that you all got back in the groove with PCLN I’d sell those 1150s and go for some GLNG 60s .
You’re welcome
I like OWW better…just sayin.
I like OWW (don’t own ) and I have EXPE 80s ; we’ll see the hole card on Thurs .
Great trade $BABA. I Bought NOV95 calls for 1.55 and sold NOV75 double puts for 1.10. Currently up in both 60/55%. Lets hit 95 for a jackpot.
Oa, looks like you have lost a lot of fans here. Looks good from sentiment view
LOL. I never had any “fans.”
OEW Predicts Whipsaw:
“Volatility continues. We are still counting the entire rally as Int. wave A of a Major wave B uptrend. The Int. A price targets we provided in the weekend update were either the 1929 pivot or the 1956 pivot. After that we expect a very sharp pullback for Int. wave B, followed by another sharp rally to end Major wave B. Short term support now rises to the 1929 and 1901 pivots, with resistance at the 1956 and 1973 pivot. Short term momentum is extremely overbought, with a very slight negative divergence.”
Tony has been spot on …
Good stuff. You should stop by AHWOA and chart this out for us. Always interested in a good count.
Also long YHOO, this thing should hit new highs this year.
I just spend 20 or 30 minutes watching a couple of market recap videos from these elliott wave technicians I sometimes watch for comic relief and if I could sum up their analysis of what is going on with the market it would be this: WTF.
It’s funny when their wave theory starts to unravel and they discover that the Wave 4 countertrend in a correction before the massive Wave 5 down might actually be like a Wave 3 in a massive uptrend. And like who gives a f*&ck if the indices closed above the 10 dma? It’s all a coincidence in the bigger game being played by the man behind the curtain. Useless analysis is useless.
That’s what you get with Elliott Wave Theory. Try Objective Elliott Wave Theory and you’ll find a very accurate technician in Tony Caldero. Funny you’re open minded enough to bet big on short term options yet skeptical of objective wave analysis.
I’m not saying the wave theory is worthless, but I think it’s so subjective as to what wave you’re in that it loses much of it’s value in the short term. I’m not expert, but I would think that it’s much better over longer term timeframes. I just think it’s kind of funny to see an “expert” in the videos I watched say that the 1 up day a week or so ago was the Wave 2. Like ok, maybe, but just as easily not. I just don’t see much value in the short term. Price will do what price will do. I’d much rather put stock in where the volume is in relation to price, i.e., supply and demand. I think fib lines, wave theories, etc. are all coincidental in a lot of ways.
I mean my biggest problem with it is that it doesn’t seem like a great predictive tool. If I was a stats geek maybe I could figure out a way to predict waves to a certain probability and make a lot of money off playing the odds, but that’s just over my head. I’m going to with analysis that I can understand, which is price movement, sentiment, etc. Maybe if I read this Tony guy I would change my mind. I’ll check it out for sure, just to see what he is saying. Thanks for the ideas Ben.
IKE – where is IKE? – he subscribed to the 1 – 2 – 3/ A – B – C theory. Always enjoyed his analysis! He tried to tell us this chop was upon us.
Hey OA I never got a chance to respond to the message earlier about the video. I use a mac and I just have never figured out a way to get the gotowebinar recording to work so I use the vimeo. No worries, I caught some of your market analysis yesterday during TA Live anyway.
OA, thoughts on doing full contribution to IRA this year in HTGC ticker? My favorite of the business development companies. Great dividend and double passthrough taxes. Long term thoughts?
I’ll look at this closer, but the idea sounds great.