With my long term position in $VSLR making noise, how do you not buy $SCTY calls this morning with the stock sitting at $50?
We did. This was our top pick in After Hours with Option Addict last night. Mar 51 calls at $1.34 at the open.
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More later,
OA
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Did your post cause that spike in volume? I was already in this weeks 51s, so I am liking the action
Ha! I wish I could move a stock with nearly a 5b market cap.
It is more fun to think that you can – I still remember that KING trade last year, bought at the open and it never looked back
Loving letter X right here. Super easy to manage.
VDSI – DEATH CROSS.
The chart is now showing a crossover down of the 50 ema and the 20 ema on the daily chart…otherwise known as a DEATH CROSS. This is an extremely BEARISH indicator and further supports more downside to come in due time. This DEATH CROSS of the moving averages will cap any bounce attempt as it is one of the strongest resistance zones, besides that of a large gap down resistance zone. If you’re a bull, you do not want to see the MA’s putting in a death cross. If you are a bear, this is precisely what you want to see.
Odds GREATLY favor the bears here. The stock has been unable to get up off the mat since the HIGH VOLUME breakdown of the 50 ema on Monday. This is what TA is all about, folks. Risk vs. REWARD.
you do realize that the “death cross” is not predictive, and that kindergarten kids can draw EMAs but would never trade off them, yes?
lol…that’s funny
Most people here think so too. Likely the reason everyone thinks you’re a joke. Nobody cares whether you’re long or short, but the reasons you’re long / short are comical.
I imagine you’ll disappear for a few weeks once VDSI goes against you, just like you did when GOGO took the rectal ramp straight up your pooper. This, after you came on here touting how much lower it was going to go because it was rejected by one of your magical trailing indicators that only tells you were the stock has gone, not where it’s going to go.
SCTY will be capped at $52.85 for those playing the pop. $52.85 is where both the 50 ema and a pivot point rests. Strong resistance. FYI only.
Every rally over the last several months gave a fuck about your moving average, fwiw. Hard to say strong resistance when this stock hit $55 after every move off $50.
Point taken, Jeff. There are plenty of examples of that, but also lots of examples of stocks bouncing to those resistance levels and getting rejected. We shall see with SCTY. GL
Like GPRO, no? I’m sure a 20 or 30 day is holding that stock down, right?
This is germane to the conversation – check out the following days for more fun.
http://dilbert.com/strip/2015-02-23
Here is the whole series for more fun…
http://dilbert.com/series/62
Didn’t you KNOW that using random caps makes a POST more legitimate. Real TRADERS know THIS and watch such with much SCRUTINY. It’s about RISK reward FOLKS. Death CROSS and Hindenberg OMEN. Odds greatly FAVOUR the bold AND beautiful bears HERE.
Just went long X here. 23.599
Good spot to go long AAPL here for a YOLO, bail if it breaks 126
Sold Mar 50 JUNO for a nice double. CLDX and JUNO would have made my year if I’d managed them better.Seems a little bubbly.Time to find bio underperformers. Purchased starter in KPTI.
Took some $SPY puts . Cannot find any reason for the market to react favorably to tomorrow’s employment numbers . A bad number is bad and a good number is bad . I like my odds .
Any target on VSLR? or is this super long term for you? I actually bought some at $8.28, but only a 1/3 position because of how bad this thing was trading. Now I am up 25%. I think I will take this off somewhere around 10.8, I imagine there will be some exhaustion around that level.
Sold some VSLR on this pop.
My $MBLY weekly $36’s out of the ashes like a Phoenix! Think I’ll take what I can get into the close rather than risking a wash out tomorrow. Although it is found money…
@VSLR. Nothing quite like holding for days/weeks/months, waiting for a trend change, then selling on the first day. What’s that, another 7% afternoon pop? Sweet! Long and strong over here, for better or worse. Let winners win.
You planning anything with WYNN or LVS down here?
I have LVS calls for March still.
wow, wtf VSLR. I regret my 10.88 sell, but I guess I can’t complain that much about a 31% winner.