One of the big reasons I came out of retirement last year to start blogging again, was that I have a way of creating community. I like using that to exchange ideas, see what others are doing, and use that as ammo to attack the market. Lately, the ideas are getting sparse and the comments section is becoming a circus shit-show.
This has been a recurring theme. When the overall level of market difficulty is on the rise, the gloves come off. We’re all frustrated, its been nothing short of an awful year for everyone.
Everyday it seems like we’re at a critical juncture, which is exhausting my will to live. Instead of using this platform to talk shit to one another, I’d rather exchange ideas here. If you have ideas, post them. Let’s get back to some degree of normalcy here.
OA
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long $FXE. Watching an inflection point on $CMCM here at the neckline also. $COG short. Definitely watching to buy $TBT also.
Looking at GOOG, LULU, JPM, TWTR, DAL. Will use cash and sell some of my oil holdings to fund, if I go ahead and buy. Any thoughts on these names? I know you like LULU and TWTR.
I’m invested in LULU and TWTR. I went BAC over JPM. Love GOOGL, DAL is a little rich tho.
DAL up 50% since October…. **sigh**
Wish I wasn’t so levered to oil Lol.
Thanks as always.
It sounds like you are capitulating on your soc media etc ideas, may be a good indicator these stocks will finally cach a bid. So, my idea here is: long growth stocks.
No, I’m not. I’m in here buying today. I’m just tired of reading you, under twelve different aliases.
Sry to hear that. Then you haven’t learned much from it.
I am not many, but it is so telling that you think so…
Simple.
Simple is god. Pin action in y’all picks this year Ibankers. Moaning about horrible losses in a bull market. Chumps. Hope Santa brings some strategy in his sack for y’all rookies. I’ma going long banana’s and the Nigerian bourse. Cos I live here in Nigeria and I’ma take you to the cleaners.
Bot FSLR and IG today with stops. check out some of the recent biotech IPOs. CALA just ripped 50%.
long $FXY also.
I assume you’re long $UGAZ as well 😉
$UNG yessir. I am longer term than most though on the following currencies and commodities. I just wish I could get crude right. So far 0/5 trades.
GPRO trading at pre-earnings lows — easy to manage from these prices
Plain old vanilla QQQ puts. I buy them almost each week just as a protection to take on some of our longs here.
Both APT and LAKE look to be trading independent of the market, although LAKE reports earnings at the close. And I might be crazy, but I like BRK.B puts here. Bear flag breaking down on the 15 min chart, and they have plenty of exposure to weakness in oil & coal, plus big holdings in IBM and KO that have taken hits while it shrugged them off. I think it’s just late to the party to show the weakness that’s rampant in the rest of the market.
Stay short Social Media and GOGO. End of story. Yesterday was a fantastic day to add to shorts on the bull trap bounce. OA, I think the problem with people here on this blog is their inability to look at charts objectively and are only looking at things from the bull perspective. Fact is, I pointed out the social media and GOGO charts breakdowns last week and bet big accordingly. Markets tried their best yesterday to shake us out of those positions but cooler heads prevailed and was not even close to taking that bait 🙂
$$$$$$$$
Being in a bull market as long as we have overall, it makes it very hard to want to short anything. Any time we have it has ripped back into our faces. I’ve used a lot more hedges lately to stay in the game, I cant stand sitting on the sidelines.
In a hole, sitting on my hands.
With a handful of exceptions, it seems like everything I’ve touched since October has gone to crap.
I am looking to start building oil positions – specifically HCLP, BAS and CVX. I am heavily into retail…Top pick – ZU right now.
Short $NDLS. stop above $26
OA,
You are wrongly assuming I am posting under aliases I am not. I have no idea who “simple” is not do I care. Having said that, there is absolutely no objective reason to be buying social media here for the short term other than “negative sentiment”…and I need much more than that for a reason to cover. Charts are BROKEN. No denying that. Nothing personal, just being objective.
as expected, there was no follow through in the markets today as they puke up yesterday’s gains. Only frustrating if you’re a bull.
The market seems range bound. Why not sell spreads?
PSX and other refiners. They should benefit from cheaper oil but seem to be getting dragged down as well. It may take a few months for this to work.
kidstock,Haven’t you learned your lesson yet? All you Byers of dips don’t get it. Oil is key to our markets.
that is not a trading idea. shame on you.
The day is not over gents….lets revisit @ 4PM
Weak market = stocks that have broken down from bases WILL head lower. Not rocket science.
This trading thing looked so easy in the movie WallStreet. Damnit anyway.
So easy a Caveman can do it…lol
The problem with building a bunch of call option positions is that when the market takes a dump you really get hammered. But that’s part of the game. Like crappes, when you have a bunch of bets out there on the board and the shooter rolls a 7 you lose it all. Of course, one can hedge– but I prefer to keep 90% of my portfolio in relatively safe stuff, and gamble with the rest for fun and profits. Getting your ass bit once in a while is part of the deal.
Sorry. Trade idea: short YELP and GOGO in to the hole. Clear enough?
That’s better. Still a little bit of attitude, but better.
I think probably some small hedges are in order, although I did read your last post and some of those comments made it seem like the market will catch up to oil in the next few months. Interest rates are still zero and Europe is shit so I think there has to be some actual defaults in the fracking space or in PIIGS before the dips stop being bought.
Even if 1998 narrative plays out our accounts will be mortally wounded.
How so?
cus superpositron sells at the bottoms
Buying call options in anything here as oil continues its tumble is a pure suckers bet. Better odds playing the money wheel in Vegas.
Geez, fslr nearing 52 week Low.
Its been hitting 52 week lows dude. Energy, remember?
Think MILL might be worth buying for the long term, if you’re interested at all in oil stocks. They appear to be well hedged for the next couple years.
Hi, jeff Last year same time around market was down and then gave x-mas rally .. looks like the same thing .. i am buying financials ..
I’m thinking of playing a very small oil bounce through UWTI, possibly something that I will get out of tomorrow. WTI tested $60 and bounced and hasn’t broken through yet.
My thoughts are by using UWTI, I can get a quick hit and possibly get some momentum my way. My stop loss will be around 6.48. Logic being that, if there’s a drop in WTI tomorrow, 4% will be the most I can stomach, so by multiplying that by 3 (per the inverse leverage), I came up with that stop. What are your thoughts on that OA?
I saw your post and pic and laughed for a hearty 30 seconds straight.
I threw a TZA hedge on today as well.
DJIA – bull trap set yesterday snapping legs off today! Ouch
You’re going to get negative feedback if you make bad calls. Simple. Not everyone is having a bad year.
You still made at me for making money in JDST? Fuck dude, unreal. You’d think I nailed your sister or something with how you won’t let this go.
Hey Buddy, speaking of sisters, do you know the ticker for Harper’s system? Need to get long of that, nom what I am saying.
*sister
#fail
What about your crude oil call?
A call? Last week I said the market needed oil to stabilize.
In the words of Gandalf “fly you fools fly!” Watch USD/JPY it is your guide.
you guys should try holding things for more than 3 days. All this capitulation in a market that’s put on 15% YTD. Thanks for all the dough this year!!! Merry XMAS!!!!
I can’t post ideas or serious thoughts as nobody approves my comments. When I did discuss serious things I was banned. Ask fly how VHC is doing and who nailed is arse on that one?
I’m up over 10% YTD.
nice.
Dec puts GOGO / YELP are a runnin’ 🙂
Makes sense to me win-win. Maybe the people who went long social media for the fat pitch end of year long trades have all turned in to trolls? 🙂
WHERE IS THAT CLOWN THAT SAID HE WOULD BET ONE OF HIS HOUSES ON SOCL @ 18.08??? LMAOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Down a whole $.18 from there. He must be jumping off a bridge.
No denying your bull-trap call yesterday as we bounced. I honestly thought markets would gap and run today. Back to cash as of an hour ago. This market stinks and is clearly geared to take your money. This action smells like big drop around corner.
My birthday bottom call in TWTR?
OA – CUDA sits at the top of my screener. 80% short… not a bad chart. Likey?
Another is INSY, 65% short interest. Thin volume profile above.
Love it. I like that NMBL too, fwiw.
NMBL actually looks better to me..
Anyone seen Chiefton? Believe he went long yesterday to prove some sort of point. MIA today. Go figure.
Yeah, he said “Out YELP +2, thanks Ragnar”
Potential short into the hole: EJ. LEJU on retest of 12. Take your pick on most China stock to short. Like CRTO, VRNS long.
the apes seemed to have made their way from Fly’s post to your comment section
LOL! 🙂
Bought some IG here…..
damn you. you bought my stopped out shares.
Yes Jeff. It’s ok though. Can’t nail all of them.
Absolutely love FEYE right here right now
Troll indicator at near record highs means load up the truck on high beta. Seriously considering it…
Space. Space transport, earth imaging, earth observation & data collection. All the big players (BA, Orbital Sciences) plus a host of small caps / spec stocks like Urthecast, Digital Globe, etc.
The only thing keeping you from blowing up your crack options account seems to be front running people in thinly traded options. which might very well be illegal.
DAAAAAAAAAAAAMN WIN-WIN, THATS HARSH
Out of options for the time being, so focusing my efforts rebalancing retirement account
Adding solar, oil and natural gas plays, and maybe REITs and financial names.
Removing my retail and home builders.
How boring, but my market timing has been abysmal these last six months.
I am in the same boat as you here. Moving allocations over.
Get into the funnel shorts.
YELP puts…THANK YOU!!!!!!!!!!!!!!!!
LNKD. Flat. Hmmmm…
+1
Weak volume rallies don’t last. TWTR and YELP call options getting body slammed again today. These are not buys
Then its a good opportunity to buy some LNKD puts since its lagging. Thanks!
Would you like a Baby Ruth?
Markets going to crash. Third move (from Mobday to today) is the one that will stay. Positioned accordingly.
Anecdotal…two different guys asked me what I thought about RIG today. They are both very much underwater. Perhaps oil / oil related share prices have reached their lows.
Bears in control heading into close as trapped Bulls from yesterday try to get out. Textbook
TRUE still going.
Ragner, read the blog posts before talking about my trading. I traded YELP yesterday morning using your alias KING as an indicator and sold 1/2 this morning +2 and I went long NMBL and COF. Little trollops like you are making it hard to post around here.
Still holding TLT Chief?
Hell yeah.
Nice call there, Chief and BlueStar (although, BS, you are counting on it to blast past those Oct highs at 127.68)
I’m still holding TBT..for whatever it’s worth(peanuts). I’ll be watching it closely tomorrow. All is good but man it’s been a tough short. I seriously want to add but as mentioned I’ll see what tomorrow brings.
Be Safe out there all you Beautiful People.
Happy Belated Birthday, OA. Hope your day was a ‘Grand Celebration’.
~Sincerely
*should read long inverse..
(rather than short)
here’s a few I came up with
http://finviz.com/screener.ashx?v=211&t=PCRX,BITA,WDAY,FMC,LNKD,LGND,YELP,SCTY,TRLA,Z,OSK,PCH,FEYE,COH
on second thought, removing bita from that list… added a few though.
http://finviz.com/screener.ashx?v=211&t=PCRX,WDAY,FMC,LNKD,LGND,YELP,SCTY,TRLA,Z,OSK,PCH,FEYE,COH,SGNT,FLDM,FMI
Which means you are holding half Yelp still which means you are now down on that trade. Don’t get your panties on a twist just because people are making opposite bets than you and are winning. Pipe down and learn something. Had you looked at the weekly charts on YELP and SOCL you would have identified the breakdowns. Clearly you didn’t.
WTF!?!? I got in at 51.10 and sold this morning at 53.10 and will cut the last 1/2 at break even you fucking idiot. I’ve made more money this year shorting stocks than long and closed a TSLA short yesterday morning +550% timestamped all over this blog.
DAMN MY BOY CHIEFTON MAKIN RAGNAR LOOK LIKE A LITTLE BITCH BOY THAT HE IS
I am done here. Dec YELP/GOGO/TWTR puts for the win. $$$$$$$
u r a straight clown
buy UGAZ 8.95. Last post here for a while, t. Not sure how you do it OA
UGAZ here also right there
Don’t stop posting Chiefton – we have similar styles so I will miss your commentary. Who cares what some random interwebber says. P&L all that matters.
Chiefton, you have great stuff. Hang in there. No reason idiots like ragnar should drive quality away. The guy literally has 10 aliases and shows up only when the SPY is down 20 or more.
Chief, just keep it in AHWOA. Cuts out most of the shit.
Long TRLA. Jan 55’s
strongly considering GMCR for a play
Gotta hold this IWM short overnight. Even if we’re going to rally you’d think we get a little more sell to test bulls.
Careful, longs thought that yesterday too. #NOBODYWINS
I could get gapped to hell sure, but I’d like to see what we do overnight. I think we’ve got some really good downside potential here. Not saying we don’t get Santa Clause next week, even if just a relief rally, but the setup here is too good IMO.
Albeit bullish, I would not want to be long overnight. I was up $4000 on TWTR calls I bought at the open just to close them out for a $300 loss. It could have been much worse and I think all longs, especially social media, are getting more risk averse.
Ho Ho Ho! Doesn’t get any more clear than that! Lights out for Bulls. Craah alert
Seems like a lot of normally decent candidates have expanded volatility in last few months which makes the total number of setups less appealing than usual or harder to find than usual. Or maybe selling spreads is the way to go.
Declaring victory on FCAU short from Monday (13.43). $2 in a day = Fuck = OW!
er…down $2 in two days
Hat tip. I’m adding to my short position here. The guy who kept saying buy for the Ferrari IPO put it on my radar. I didn’t catch the top but it looks to be headed back to $9.50 area.
I’m here and eating my words. Granted I’m still up on the stock but not as much as I was. I still think the Ferrari IPO will be a monster.
Props%20to%20you%20Jon%20for%20being%20humble%20and%20collected…%20also%20knowing%20your%20time%20frame%20is%20different%20from%20others.%20%20Its%20nice%20to%20see%20as%20of%20lately%20on%20here…%20its%20getting%20hard%20to%20read%20this%20garbage
Look at airline plays that got punished today. BA and VA. BA has a full order book. VA’s traffic numbers for Nov were very strong.
VA’s Nov traffic: https://www.virginamerica.com/cms/about-our-airline/press/2014/virgin-america-reports-november-2014-operational-results.html
Inside day on the $RUT. BOOLISH.
RUT and NQ held lows, quality didn’t (YM, ES).
Santa has been cast by the unwashed as a sodomite. This cannot be!!
Santa Claus – I demand you right this ship at once. Do it for the children!!
TLT breaking out of a cup and handle formation. Very bullish for bonds. Equities?
I got shaken out and I’ve been all over this. I over thought the trade instead of letting it work. Coulda woulda shoulda.
TLT intermediate term low is on folks early November.
Bulls done got cornholed good today. Wow
I’m sure the market will never go up again. O worry worry worry
TLT about to continue? Or roll over? RSI has been elevated since late November.
The internet loves cats and trolling.
I have like $16 dollars left to trade options with so the next bet has to be a WAY THE HELL OUT OF THE MONEY WINNER!
😉
May I please refer you to the book of YOLO, Friday afternoon edition. If you double your money 10 times you’ll have $16,384.
I took a stab with some pocket change this AM on MSFT weekly 48 calls for .03
If energy only represents 8.5% of the SPX is the fate of the market really in the hands of oil??? Especially when beneficiaries are both consumers and businesses. Win-Win for all IMO
http://macroblog.typepad.com/macroblog/2014/12/the-long-and-short-of-falling-energy-prices.html
I love that no one reads or comments on the flys blog anymore bc he literally loses money on EVERY trade….OA is a G on the other hand
Bottom Line here today: A handful of people called it yesterday…A BULL TRAP BOUNCE. Not one single “regular” poster on OA’s blog agreed and wasted no time chastising those who were calling for it. Bunch of conditions dip buyers on this blog. Got what they deserved. More downside to come in the coming days and/or weeks; that much is certain. A TON of dip buyers were finally caught with their pants down today. I love it. It has been a long time coming!
“that much is certain. ”
Famous last words
You just keep buying the dips like a good sheep. Baaaa Baaaa LOL
I gave you the best trade of the year on a silver platter, short oil, but you didn’t take it. Instead iBC goes long oil, go figure.
Indeed you did! The sheep only follow OA and Fly. Both who are permabulls and have been absolutely killed this year. Sure, they make a few good calls here and there but who doesn’t. Bottom line: Their “buy the dips” mentality has cost them dearly. I was laughing to myself when I saw OA comment that he was buying YELP today. ARE YOU FUCKING KIDDING ME? WOW
Revenge trade. I’ve seen it a million times.
Revenge trade…LOL. I get it. Let’s see how that works out for him.
Back to oil, take a look at this. Complete collapse and there is a ton of technical damage done. Boca just called for sub $50 oil after the bell today. Great call Hartman.
http://scharts.co/1BzQDLN
Correction. When asked that it sounded like he was capitulating on social media stocks he replied that he had not and instead was BUYING THEM TODAY (not yelp specifically). I’ll say it again though…ARE YOU FUCKING KIDDING ME?! Buying one of the absolute worst performing sectors on a day the market confirms its direction short term tearing the ass out of anyone who thought yesterday was a “conviction day”? Gotcha. Let me follow him on that!
I didn’t buy YELP today.
Is Ragnar, simple, etc. the same guy as Sethster from the October lows?
At least Ragnar nailed his call which a lot more than what I can say for OA. he’s like 0-15 now.
THE ONLY SOCIAL MEDIA CHART YOU NEED TO WATCH:
http://scharts.co/1BzPUdC
Yes, it’s going lower.
…got puts? 🙂
BobbyB, I apologize if you have been around here. I just don’t recognize the name. Why is it that shorts always show up for the win and bash? If we rip 100 s&p points next week and socl is up at 20, you will be long gone instead of saying you were wrong. Just curious, why is that?
Woj,
You can bet your bottom dollar I am not one to disappear but fear not, there is a 0.0% chance of the S&P and SOCL “ripping higher” next week no mater how much you want to see it happen.
The fact that you just said 0% chance shows me how arrogant you are. Let me guess, you run $100bil?
Don’t get me wrong, OA seems like a very good guy and I’m sure he means well. I respect him for his chart draws, but he needs to look under the hood as well with respect to the setups.
Haha, you are a complete idiot. I’m a member of OA’s service. You know what’s cool about OA? He is there every day and says when is wrong. Even when he is wrong, he has a clear plan of what is next. You are Mr. show up for the win. My guess is we have to deal with you through Friday morning and we won’t be hearing from you until after the 1st, Mr. 0.0% chance.
HEY WOJ,
I HAVEN’T SEEN YOU HERE EITHER, FUCKTARD. IF YOU FOLLOWED THAT RAGNER GUY THIS WEK HERE CALLED THE SHORTS ON MONDAY AND DID NOT BUDGE YESTERDAY. IT WAS CHIEFTAIN WHO CALLED HIM (OR KING WHO CALLED YESTERDAYS BOUNCE A BULL TRAP) OUT SO STFU. RAGNER CALLED THIS ROUT IN SOCIAL MEDIA AND BOUGHT PUTS. OA MADE A BET WITH HIM THAT THE CALLS WOULD DO BETTER. THATS THE STORY CHUMP.
Hey there Herb. Quiet down, no need to shout. Is Ragnar your boyfriend or other alias?
Why are you only here on down days? Post a pic of your P&L from your trading account? Let me guess, you went you went long 1820 in October and just sold and went short 2079 last Friday??
WTF is going on here where did all these fucking idiots come from? Critiquing Chiefton on his trading abilities… Lol really?
Dude is probably living with his mom in a basement
Agreed, Chiefton is usually spot on. We only have to deal with these assholes for 1 more day. We bottom on Friday and rally until year end. They will just go into their reading mode then instead of making dickhead comments.
Fuck em Chief. Don’t let a few dirt bag pikers push you out.
NUGT. end of story. JDST???LOLOLOL
retracements are expected. What’s your time frame? I’m not looking for gold to bottom until 2016/2017.
Thanks for all the call outs. Trading stocks is my passion and I love to share ideas with all the good people on this blog. Trading stocks is one of the hardest (but rewarding) businesses out there and it takes ultimate focus and concentration to be good so I hate wasting my time dealing with these morons.
Keep up the great work Chief. You always make great calls and I am uncomfortable when I am on the other side of a trade from you. Respect man, stick around. Curious as to the meaning behind your name….
Hey Chief – keep up the good work and sharing your ideas. My Dad had a saying – ‘don’t let the bastards get you down’ – we are all here doing our best to share ideas and bank coin – trolls should be ignored – If they get no response, they will go away – it’s the banter that keeps them coming back. Let’s just ignore the FUCKERS! Let them rant but don’t respond to personal attacks. Now let’s make some money in this falling market.
You’re a class act Chief and great voice of reason on here. Even when your view is differing from the group… you always present it with respect and objectivity. That’s WHY we listen and take it seriously… there is always real thought and skill behind it. Don’t go anywhere!!! This conversation has already lost enough of the solid voices in it this year…
+1
Don’t stop brother. I love it. Keep rocking sir!!!!
Mobius Says China’s Bull Market Is Just Getting Started http://www.bloomberg.com/news/2014-12-10/mobius-says-china-s-bull-market-is-just-getting-started.html
Heyy%20youu%20guyys!!
You’re a class act, Chief.
H8rs be H8n. idiots. Put your money where your mouth is. Make a fuckin call pussies.
$60 to you ballers must be chump change. Change your tampon, put a cup on and step in 12621. We’ll see if your bark is as big as your bite.
Post the returns YTD Net of RC, OA, Chessandwino and The Fly. If they are more than 15% then I will join 12631 in a heartbeat. I await your reply.
Nobody is putting a gun to your head to come here. If you’re not happy with their calls, why not just go somewhere else?
So post the returns and you got another customer.
I’m just going to leave this here, it can’t be any worse than what’s been going on on this hallowed blog all day.
I just got back from a client’s Christmas party where a female co-worker and I went together. I’m pretty sure she was drunk when I picked her up. Needless to say it was really awkward trying to carry on conversations with someone slurring their speech. Ah well, it’ll be chalked up to holiday party shenanigans. Inevitably someone gets sloshed at these things every year. I just so happened to be with the person who was sloshed. She was really drunk.
https://www.youtube.com/watch?v=3rnFlQAvk8U
Thanks to OA, I have been long LULU Jan $35 calls at avg basis of $6.30. Yesterday I shorted Dec $48.5 calls at $2.45 against my entire position to lock in some profits. Jeff, great call, thanks again.
+25% YTD – down from high of +40% – all from OA’s chat room – glad to be a subscriber here
Lending Club (LC) prices IPO at $15 a share, above expectations, sources say
This may be good for a quick 5-10% if it opens under $18.
Lending Club (LC) prices IPO at $15 a share, above expectations, sources say
This IPO may be good for a quick 5-10% if it opens under $18.
The market chops a bit and every ass comes out of their hole. My trade idea: I love BWLD to start the year and into march. I prey that it drops a bit so I can get in some options even with the shitty spreads. I am buying calls at the end of Dec. If it does not move in Jan. then I will position for a Feb/March run. Also I am going into weekly GPRO calls around Dec. 20 until earnings. Spread those bets from now until earnings and one will be a huge winner that will cover all losses 10x over, IMO
Bears getting some much needed rectal hydration this morning….congrats to those playing LULU on the long side
I mean its still early but:
”
BobbyB
December 10, 2014 at 6:26 pm
Bottom Line here today: A handful of people called it yesterday…A BULL TRAP BOUNCE. Not one single “regular” poster on OA’s blog agreed and wasted no time chastising those who were calling for it. Bunch of conditions dip buyers on this blog. Got what they deserved. More downside to come in the coming days and/or weeks; that much is certain. A TON of dip buyers were finally caught with their pants down today. I love it. It has been a long time coming!”
Added to my FCAU position here under $11.30. Here’s a good recap of what’s going on and why there’s so much volume going through:
http://microfundy.tumblr.com/post/104922047110/why-fiat-should-bounce-back-after-this-weeks
XLU puts for the win…short-term target 42
The stock gods are smiling upon us this morning. Just read in the Fly’s blog comments that Bruce Keller bought GPRO puts in the premarket. Yes! Even rahagar knows what that means!!!
Jeff, what do you think of $WFM?? Is that in your zone?
needed the LULU win badly
Whoa. That’s nice.
seriously. needed it to make up for yelp, gpro and twtr positions. dam social media!
FEYE and FMI look to be in a decent spot today.
Conviction longs: MACK, MSFT, SOCL, WDC
IMO- This call to short oil down here seems way to popular. Media telling everyone it’s going to $40. It feels like the old calls for AAPL to $1000. One more down day and my neighbor will be shorting oil. Buy sign?
similar to the guys who never ask advice that asked me about RIG yesterday…planting my flag at $60 bottom in oil
Jeff, could I get your take on a couple charts? I’m holding HIMX Dec 7’s and FLTX Dec 35’s from a couple weeks ago. I was aiming for HIMX to tag 10+ and FLTX for 39 – 40. The charts still look great… just starting to wonder about the time based targets. Think I should just use the time up, or start looking for more time now to see what they can do on a real Market breakout?
@BobbyB, still there? Mr. 0.0% chance???
lol
sold 1/2 UGAZ here 9.45 +6%
Nice. Again, great job.
thanks man, did you catch any? It could have legs if it can break 9.50
No. I’ve been taking smaller trades in several of my legacy stocks i’ve held since forever. Longs in a few IRA’s and shorts in my main trading account. Keep on Killing it Chief.
Keep it up Chief
Jeff, great call on LULU.
I ended up buying shares, rather than playing the options. For whatever reason, I could not get comfortable with the options timeframe for this one. I picked it up around 38/39, held through the retest to 40, held through the spike to 47, held through the retest of 45 and continuing to hold until it breaks or hits my target of 57 or so.
A couple of years ago, I would have gotten spooked out at 40, bought 47, sold at 45 and watch it go to my original price target. Your guidance on the ebbs and flows of stocks, knowing when the trade is wrong and setting targets has been invaluable.
i admit it, i suck and i am a fucking clown
+1
In the UGAZ with yo guys last time it found a bottom it doubled in two weeks..lol
hope you got out of UGAZ quick. Did the same to me 2 days ago. trend is down
Another great call from After Hours was V. Do you remember that? It was at an action point @ 210. It dipped to 200. It spiked on earnings and has been trending ever since.. even in the recent turmoil. I picked up stock at 210. Still holding.
Remember the BAC call? There was some options plays, but the stock was at a great price for a longer term play. Still holding.
This year, my failures have been with options (timeframes). But, there has been some amazing calls in After Hours this year that have worked out on longer timeframes.
Some positivity to balance out the negativity!
YELP: “Help! I’ve fallen and I can’t get up no matter what the market does!”
hehehehe 🙂
PS. Today’s morning bounce will get sold.
READ: Stay short and add on intraday bounces when the bulls fall all over themselves thinking the bottom is in 🙂
wow. GPRO getting demolished
Imagine that…
heheheehehe 🙂
I guess GPRO didn’t get the memo that “lockup expirations don’t matter to stock price”
Heheheehehehe 🙂
It can’t be, bc it is one of OA’ conviction charts. So actually it is good that it is going lower, that makes stupid people complain, from which smart OA will deduce negative sentiment, which in itself will make it a good pick:)) that is the new normal here
LOL! Pretty much nailed it there. It would work if he picked stocks that have broken UP AND OUT and are backtesting supports vs. the other way around.
SOCL: “Help! I’ve fallen and I can’t get up no matter what the market does! I try and stand up, but when I get to one knee, I fall back down!”
Heheheehehe 🙂
DBC: I’m falling into the abyss like GLD in 2013 and all the FAZ and VXX traders.
yeh, but at least GLD has bottomed. Oil’s in the middle of the abyss still! haha
I’m not convinced GLD has bottomed. Check the weekly I see every rip has been sold and the current rip has yet to make an equal high. If we see 120 and then a higher low I may try to speculate and anticipate a bottom. Until 120 becomes support I’m not calling it a bottom.
well couldn’t you say the same for the dips? Every dip has been bought up more fiercely than the prior. Higher lows and higher highs.
http://3.bp.blogspot.com/-v7TqkDKIJhE/VInHVFQAmXI/AAAAAAAAAd4/p72aswxVXQk/s1600/gld.jpg
just my take.
Falling wedge in SLV though so it COULD be the start of bottoming process but I’m not buying here.
Oil falling further in to the abyss…oh my.
Even if you hate social media, why would you play SOCL? It barely moves. If you hate YELP, why not short yelp? FB makes up over 10% of SOCL and GOOGL makes up over 5%. Look at how FB has been holding up. Why not short the names you actually hate, which will fall much more than SOCL. This thing will move 10 to 15% on a big move, where those names will fall 20 to 30%.
Even though it’s way early, it is interesting to notice how DBA and DBB has held up way better than DBC and DBO.
DBP really lagging longer term but since November it’s the only one really moving upwards so I suppose even though it’s probably only a relief rally that counts for something.
Anyone still in GOGO and YELP puts?
hahaha, They aren’t around here to say if they were. “Let’s short GOGO!” oops, it ripped 7% on me!
Ssomebody needs to alert the insane assylum to this psychos escape
Market kind of churning a bit here. Wouldn’t be surprised to see 1170 into the close.
Stopped out of UGAZ -5%.
These leveraged etf’s are a bitch when they go against you.
giving the rest of this UGAZ a little more room before cutting it. It really looks like it trying to put in a bottom but these things can get away from you quickly.