iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

THINGS MAY NOT SEEM AS THEY APPEAR

Despite being the typical slow holiday week trade, breadth is pretty good under the surface today. Crude went out stable at the pit close, even got bid up a tiny bit.

I think tomorrow we may get a rally in oil at the open, so watch GDP, BAS, NADL, and EOX tomorrow. I like these based solely on profile/overhead structure.

I also am watching for reversals in Z, MBLY, and with any luck, BABA starts moving tomorrow.

Have a good one,

OA

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51 comments

  1. Jon V

    Z is one I’m considering just stowing away for the long term. Love the business model and potential leverage post TRLA. It’s really the only game in town as far as the future of real estate goes.

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    • Jon V

      For me it’s just a matter of getting comfortable with valuation. The valuation on Z is still nutty. But if the growth continues then it could look cheap in a few years. I’d love to buy into a panic move lower.

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  2. halloweenpleb

    i’m watching you watching $Z tomorrow…

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  3. Moe

    Whats your feel on AMZN?

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    • Option Addict

      I’d wait for another test of $300 to buy. Tough spot up here.

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      • MSGT HARTMAN

        AMZN and even WMT looks good with low oil.
        And I’m stalking RGR, patient, like waiting for that 12 point buck instead of the easy to kill 8 point in rut.

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  4. Shawnji

    Cheapie that can move in O&G? BPZ.

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  5. brushfyah

    what is the picture supposed to mean?

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  6. Truelove

    OA, thank you for your work, I believe in you, you are the greatest. I was in TWTR year ago, I believevit will do the same this year, will go to 50, as you promised. Love you!!!

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  7. MSGT HARTMAN

    You should make conditional statements: “If oil rallies at the open, then watch GDP, BAS, NADL, and EOX.”

    That way you are not open to attacks.

    And $50 oil will bring me closer to HAL $30. VDE is holding up, I really want it at $85.

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  8. RipOA

    This blog has become such a sad place since its fall from grace. Every month a new book of worthless options expiring. Month after month of horrible trading with these growth names and yet the sheeple continue to follow these horrible calls

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    • halloweenpleb

      Dear Troll,
      this blog is working exactly like it’s supposed to. We are happy with our sadness and booking gains with our worthless options. So fuck off and go back to your happy glory hole.

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  9. vking

    It’s here … http://Www.fantasysportaction.com a way above average site for sports and other shit… We are looking for writers and content providers.. What else are you doing with your life?

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    • gatorsun

      you’re becoming boring pumping this shit..this is a stock trading site…I thought

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  10. MRBIG

    Nice site , but to really get return traffic you need a game selection/handicapping forum .

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  11. vking

    Mr Big it’s all coming soon

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  12. Jacked Rabbit

    Hey gasman, have you checked out PEIX this morning? Announced a merger pre-market. That setup looked so prime to move lower too. Can’t wait for 2014 to get in the rearview.

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    • gasman

      Yup saw that. I decided to cash in the Feb 11 puts and picked some Feb 9s (mostly houses money). Just playing for a flush into the 7’s now.

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  13. Formergeek

    2014 -the year of the Troll lol

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  14. J Adabese (your pen pal)
    J Adabese (your pen pal)

    OA what are your thoughts on DDD ???

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    • Truelove

      Few days ago, when DDD was 30, OA’s prediction was that DDD and other 3d stuff would only go after TWTR is already up and gone. There you have it.

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      • Shawnji

        What are YOU adding? You’re certainly not adding value to anyone’s trading experience. Jeff has. It’s been his methods that put me into options like CYTR (booked today for >600% gains) and LULU, earlier in the year. I also booked CSIQ this week for a smaller, but respectable 45% gain. Are your annoying-ass comments making anyone (including yourself) a better trader? Maybe you should focus on improving yourself and others instead of bringing down.

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  15. Thomas Jefferson

    Frustrated by the composition of the homebuilder ETFs. Looks like a meaningful percentage of the holdings are in ancillary plays like Home Depot and Sherwin Williams. Doesn’t look like there is a clean play with the two liquid options (iShares and spdr).

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  16. comella

    Where did our “Short Yelp fully leveraged” troll go? Probably here under one of his 1000000 alias’. Hope you are enjoying your crazy amazing gains in YELP. hahahaha.

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    • Truelove

      Do you ever trade? This YELP story is a failure, complete. It was supposed to be in high 60s by year’s end, that was this fat pitch story. There is none. You celebrate that it is not down further. Pathetic.

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    • Dan

      Great story to end 2014.

      He claimed to hold calls in YELP. After 4 days, he sold them for a 30% loss, proclaiming he was “kicked in the nuts” by the loss. Then, he went short YELP “with margin” and made it a point that this was his “best idea”. The post indicated that he shorted $100K worth of YELP @ 53.70-ish.

      Terrible trading and terrible risk management. Reckless trading leads to losses every single time.

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  17. daveh

    I’m thinking Z could get fast here. Failed breakdown. Lots of shorts. I’ve been holding Jan calls for a month. Happy New Year guys!

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  18. daveh

    DANG – worth a look here.

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  19. UncleBuccs

    Interesting USO chart that Jesse Stine tweeted this morning: http://charts.stocktwits.com/production/original_30776298.PNG?1420043778

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    • coganj

      That is a very interesting chart. Let’s see if it bounces in the New Year

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    • gasman

      Great chart. I considered picking up a few August or Dec ’15 /CL contracts today but decided to wait and revisit in the new year. With E&P companies already making big cuts in 2015 CAPEX, it’s hard to imagine a scenario that would support sub-$60 crude in 2H 2015.

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      • UncleBuccs

        coganj & gasman – I agree. “Confirmation comes at a price”… and I’m willing to pay for it! Best wishes to you both!

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      • gasman

        Couldn’t resist…nibbled on a few july contracts /CLN5. Also bought a September natty contract /NGU5 (yes, just one for kicks). Holding March contracts. all natty hedges now off….hoping natty gets back above 3 today so I can put some back on. Very exposed here, but I like my chances.

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  20. L_T

    BABA keeps getting more and more attractive……

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  21. mr

    HI Jeff,
    Happy New Year . I wish you a lot of joy , success in 2015. Thanks for answering my questions. Keep up the Good Work .

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  22. crimedog

    Wishing a great 2015 to everyone!

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  23. bchu12

    yup, OA was right. Miners are a strong long here. Gold getting crushed yet miners barely down.

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  24. linmoo

    Topsy-turvy day to end the year. Everything up last week is down, everything down last week is up. Happy New year!

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  25. k_melancon

    AAPL could get slippery here if it can breach 111. I picked up some weekly 111 puts in case it does.

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    • k_melancon

      Sold for a quick double+. not sure this selling will continue on Friday

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  26. JPMorgain

    Covered YELP for a loss @ $54.73. a $1.00 hit. Going in the direction OA suggested it would if market fell back while I made a bet it would act weaker on market pullback. Nice going, OA and congrats. Hope your calls are banking you some coin today.

    Happy HEALTHY New Year all.

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  27. Option Addict

    Been without Internet all day guys. Sorry for the lack of discussion on my part. My ISP has no ETA so I may be down for AHWOA. In any event, Happy New Year. Looking forward to a prosperous 2015.

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  28. UncleBuccs

    Here’s How Every Major Asset Class On The Planet Did In 2014 http://www.businessinsider.com/2014-futures-performance-2014-12

    Hard to believe Gold ultimately finished down so little…. and look at the disparity between it and Silver!!

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  29. Danny1980

    Really hope IWM isn’t a false breakout here; if so things could get ugly quick!

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  30. Formergeek

    US Dollar needs to chill the f out

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  31. matt_bear

    starting 2015 off great! (not)

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  32. Bchu

    2015 – year off the gold miners recovery!!

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