As correlations have diminished, it’s allowed us to catch pretty nice swings here recently. This CYBR trade from last week has been a monster, and its nice to be back to anticipating a top performer ahead of the crowd.
The market didn’t want to stay down, but the $RUT didn’t really go up either. 1119 is a pretty strong wall here, so take that into consideration.
Bottom line, if correlations are breaking, this is where you get back to picking stocks. You won’t need market direction to pick big swings. You just need more dispersion and less volatility in the market.
Tomorrow, keep an eye on RWLK, GOOGL, GOGO, YDLE, SFS, LOCO, VEEV, and a few others I will pass along tomorrow.
OA
NOTE: For less than I paid in commissions on the CYBR trade, you can book your ticket to Vegas for the IBC Investor Conference Saturday November 8th. Don’t miss the opportunity.
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CYBR was a stock trade…..you saying I could book for $16? lol
Your broker is raping you.
CHEAP FLIGHTS was the pun here.
lol
I saw $89 flights posted this week.
No doubt. Vegas is a cheap vacation to plan usually. It can however get more costly the longer you gamble. My favorite is when I get paid to go to Vegas.
Remember when you listed four high beta
favs on Oct 13th ? They were CYBR , AWAY , TRUE and LOCO . TRUE has sucked , CYBR very good and AWAY and LOCO seem primed . Thoughts on AWAY ?
Really like LOCO…AWAY has been on fire, but I think it starts to slow here.
this place is a ghost town.
BABA call from last week and the week before is a beast
man did I blow that one…
short NQ 4071
lets be honest, this is getting pretty silly up here.
Just as silly as the move down. Extreme on both sides.
yeah, hard to trade in these conditions but I’m looking for that pullback and see how it’s handled.
have to leave, my stop is a break of the high’s of the day on this NQ daytrade.
Any thoughts on BABA here, are you in?
I had to talk half off at 100.
Been in for a long time.