I like the environment here. A lot. Speed is dying off, market is trending, and options are getting cheap. However, I am running out of set-ups here, with the exception of energy stocks, which have been hit or miss.
When I scan, I visually look at around 1200-1500 stocks. This is quite cumbersome, but it gives me an overall impression if stocks look better to buy in general, or better to sell. Right now, the number of set-ups on my radar has diminished a bit. However, where I am finding the best charts is in the cheap stock department (stocks < $10).
I am literally scanning the top dollar losses each day looking for buy opportunities. Not trying to buy the worst declines, but focusing on DIPS.
More later,
OA
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Taking a shot at EWZ here.
interesting.
looking at $BIDU possible yolo
Top pick here. Its the only one that hasn’t participated yet.
OA, if you’re scanning sub 10 for opportunity is that a tell of the health of the market where you need to kind of need to shift through the best of the carp to make money? Don’t get me wrong, still long here, just looking for insight.
On a smaller scale, yes. That scale rotated every 6-8 weeks all through 2012-2013.
Interesting tell. I just scanned and came up with these recently.
http://finviz.com/screener.ashx?v=211&t=GNW,NOG,ONVO,SSTK,X,AMD,BBEP,LNCO,SDRL&ta=0
Was not specifically looking for sub $10 but it so happens that 7 out of 9 were under $12.
my only march positions are TWTR 50’s, FEYE 38’s, and BLOX 20’s.
I’ve been fighting back the itch to press as that has always led to a big draw down and take away a lot of hard work. I’m debating on closing BLOX, and exercising on some of the FEYE contracts to turn the option trade into free cost basis shares.
TWTR is always game on. Best stock ever.
Maybe a spicy burrito is in order? Still like the look of WB .. and JRJC appeared on the menu today.
Fly’s YNDX looks like it could rip here, no?
its one of the only stocks I own.
I like the chart but short interest is less than 2% so I figured more of a grind higher than a rip.
Thanks for the info Iplongo. I’m long YNDX too. Think it could get to $24 and if the Ukraine situation dies down by the end of the year maybe $30.
Bought more CLDX Apr 25’s at 1.7 after selling out of Mar 25 2 days ago for a small gain.Offering priced at 24. Didn’t kill the stock.Trying to get back to 25 bucks.
Bot some POT weeklies for tomorrow’s expiry as a YOLO
bot WYNN 143 Puts here – looks like it can drop 2 handles into the close.
I got the rollover I was looking for, but not the price…
Earning for VSLR on 3/4. Maybe we get a pop then! Company looks good to me. Also they just put the solar panels on the roof. Now waiting for inspection and the electric company to turn on.
I waited 3 weeks for that to happen when I got my panels (Solar City) Sunniest damn three weeks we had all year….
Blog title calls for some Peter Tosh (just to make The Fly cringe) http://youtu.be/lctOUoJXzR4
wow. Crude falling off a cliff now. there goes all the energy names
$JASO and $TSL and other chinese solars in the “handle” phase of the C&H…need some more time but look good.
VVUS lifting off — get tome….friend and I bought a combined 500 of the June 3 calls between .26 and .28 yesterday.
bot a $BABA yolo because… um… yolo
I like $AVD, $ASPS (h/t UB), and a few energy names, as I’ve been on the sidelines there so far. Looks like I can get my $AR shares on one more trip down. Looking to get in below $40 (was away from my desk this morning).
and $MBLY has me sea-sick today with the up and down. Glad I got next week’s instead of tomorrow.
That ASPS is going to rip off faces one day …
i agree. and based on the options pricing i think I am going to just own equity anyways.
also, $SBUX $90 puts don’t look so bad right here.
Yes, options aren’t any good for the ASPS. Trying to catch a shooting star in SBUX is a gamble that appeals to me. Might try to cook something up at the end of the day tomorrow …
OA – you like QIHU here? Getting slaughtered recently
bought feye yolo for tomorrow
OA- can you look at relative volatility for $FB tonight AH? Trying to figure out about some longer term options there possibly, but not sure how things have settled and I can’t figure out how to get my charts to track volatility.
$rgr gotta be some in that one? (missed it all here)
I’m in a number of degenerate, cheap stocks. I would tell you what they are, but I’m afraid you’ll make fun of me.
Likewise.
Great after hours tonight. Just finished watching. Thanks for checking on $FB imp. vol. for me. Too many ideas look good to me right now. It’s the times when the devil on your shoulder is telling you to sell your hedges to add positions that you really need to take a pause. So hopefully I can.
As an aside, if anyone is on the fence about joining, I highly encourage you to sign up for a monthly try out. I am continually amazed at how much I get out of each and every session. I am extremely glad that I did.
Buy the blood strategy is working this year very well, you should look into it.
Seems you read my post.
ADHD wow!
+1..there it goes!!
Jeff, would you consider an entry here in IBM, sitting below pocket. Wanted to wait until after investor day to make a move. Very cheap calls. Thoughts?
I like that you waited for a dip. Not a bad idea to try here.
Time for a sandwich I think
Anyone watchin $RGSE? Could be risky but Monday’s high needs to go…..
Like the spot in TSLA. Going with next week’s 210’s.