I booked a small portion of this position for nearly 350%. Most have been waiting for a dip to buy, I doubt they get it.
IF YOU ARE WONDERING WHAT YOU SHOULD DO, ASK YOURSELF THIS…
WHAT SCENARIO WOULD PISS YOU OFF MORE?
Selling here and missing an extended win tomorrow?
Or…
Holding and waking up to a loss rather than a win?
That’s how you decide. Most of you would bitch and whine more if you let a win turn to a loss.
BOOK IT.
OA
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Bchu, get your grubby little bitch hands off of my trade. Those hands are meant for one thing, and one thing only, and that’s giving ski-pole style handjobs to the people that take the other side of your trades, two at a time.
Tell me you saw the silicon valley episode on the handjob algo.
That episode me made me laugh more than I have in a long time.
I am tempted to show that at the conference when taking about keeping analysis focused.
Please do!
@autumn – I’ve been in it thru Friday and sold and bought it back today. obviously too early. bought 45 mins ago and already down a juicy 4%. dam that was quick wtf
don’t stop stroking bro
some of the leaps ’16 and ’17 getting some volume. will be fun to see how this plays out going forward.
Looks like the stock didn’t rally as much as I hoped today! So I am still long 50% of my original posiiton. Here goes nothing!
At least now we know who to blame.
nice call on Baba.
Thanks boss.
scrap booker
HAHA!
OA/Yoshi- whts ur view of UCO and TWTR here. I have stops for UCO at 22 and twtr at 39. not liking the action today. please advice
if we have differing opinions, know that OA has more experience than do I.
A chart of UCO looked ugly to me. has to be better opportunities out there, right? and TWTR…for the longterm, why not if you’re already in it. did you see the twitterpated post? http://ibankcoin.com/option_addict/2014/10/29/twitterpated-2/
strictly chart based on UCO, fundamentally, I have no opinion on crude…so take that fwiw. You might have something for long-term. (I’ve never traded/invested in it).
yea same here. UCO chart based looks good. Fundamentally not so sure. TWTR i am inclined to place to stop udner 39 but that would be too conservative for a long term play. Maybe 35 would be more appropriate based on volume pockets. what do you think
you have 2 points of reference…July and May lows. Ideally set your exits before entering the trade/investment, so you trade like a machine from that point forward. Plan for worst case scenario. I think its just a matter of time before they figure out how/when to better monetize their platform. Tuck it away and come back to it down the road. If you can’t do that, then you potentially have too much invested in it.
I guess you did state your exits up front…so as its been mentioned around here…plan your trade, trade your plan. $39 would seem to be a very tight stop (which may be appropriate given your position size and what you’re willing to lose)…but I’d position-size such that I could give it wiggle room below support…or hold it in a long term account without watching the daily movements. happy trading
Thanks yoshi
Looking for time and acceptance to buy Twitter calls. Still one of my top 3 long term positions.
Please let us know when you pick up more TWTR. Thank you, Sir !
sold the $BABA here on the caution side and happy about it. I don’t doubt a pop , but my personal compass said it was time to book it.
Booked BABA @ 9.10 from 2 so more than happy to take the win. But . . . Also glad to pick up a single, solitary 105 wkly on that dip into the close. That way I’m satisfying my risk adverse side as well as my gambling side.
what happened to Z and RWLK today? Thought we were on our way to a nice breakout.
Picked up 500 shares BABA AH. Looking for a nice pop on the open tomorrow.
BABA is trading at 104.30 after hours. Suspicious.
BABA is what AMZN wishes it could be. I have no idea whether it trades up tomorrow on earnings, but long term this thing should print $200. It has incredible growth at a projected 40% rate. The numbers WILL be phenomenal tomorrow. I went with weekly 105s and a smaller bet on the weekly 110s for added juice. Looking for 10%+ move.
The long BABA/short AMZN trade should be a fruitful one for a long while.
Best stock post ever. Had to share.
http://www.wutangfinance.com/the-ten-finance-commandments/