I SOLD THE WEIBO.
$17.25, from $12.44.
I still like these China stocks and am still riding a handful of them.
I’m scanning for ideas for next week and will post a few this afternoon.
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
I’m liking some of the housing stocks here. Looks like good risk/reward entry. KBH favorite. What say you OA?
LEN is my favorite…but KBH has all the shorts in it.
OA – the Ouija has been dangling this CSLT in front of me, off & on since the beginning of the year. I haven’t bitten, but do you think the time for a squeeze may be near?
Yeah, the last few months have offered a decent range to play a break from.
UB – you’re not kidding about that pocket underneath $KNDI. I may take a lotto style swing at it, this way “fast below” and “slow below” will net the same outcome. (100% premium loss)
TJ – Lol! As long as you have a plan…
for a yolo, AAPL 130s
Nice cup and handle on the 1 min chart…
I booked $ASTI and bought May calls in $SIRI for 6 cents this morning. Pretty damn cheap way to play earnings. Also started a position in $VSTM
Joined in the $PLUG trade as well
going long $JNUG with a big position. Gold near lows but miners been strong.
OA – still like BITA and QIHU for china plays. thoughts?
Only if I bought them on Monday. If yo buy here you’ll likely regret it.
i bought them last week. just not selling yet. want to let them run a lil more
Jeff – what do you think of Lnkd here?
I love, love, love that chart. Yolo?
Bought a chunk of GOL May 10 calls for a dime. Brazilian airline.
Funny, we were pimping that in AHWOA last night.
Mentioned SCHN compression against the 50 SMA earlier this week, now busting through. That 18-22 air pocket looks mighty tasty.
Giving $OVTI a shot here.
The airlines all look great here. I doubled my position in $SAVE and picked up $RJET calls.
The RUT sure looks ugly. Looking to add a hedge here. Will probably go with $VXX
OA, you like YELP as much as LNKD?
I bought YELP stock months ago. When I say I like LNKD here its because I think the chart is actionable. Do I feel YELP is actionable here? No, but I already own it.
YELP looks amazing when compared to the sentiment chart. there’s a spike coming soon. just don’t know if panic or discouragement is playing out.
OA I am holding WB June 16s.Target 19ish?
17.5 was my target. I’m out.
I hold BITA from around $56. That company is legendary for making massive parabolic moves higher.
Another one in the legendary club is EYES. I bought some of that back today. Rode that from $12 to $17 last time.
Sold that MOMO stock today. What a move man.
You guys might want to check out Taiwan related stocks. Look at the long term chart of the Taiwanese market (this was thru July of last year, it has since risen about 10%).
http://charts.stocktwits.com/production/original_24233764.jpg?1404092169
It’s on the cusp of a 26 year break out pattern. The ones I like are EWT, TSM, SPIL, UMC, and GIGM (speculative). They are having a share linkage going thru in July, similar to the Shanghai. Here are details on it:
http://blogs.barrons.com/focusonfunds/2015/04/23/charts-bode-well-for-taiwan-etf/?mod=yahoobarrons&ru=yahoo
I know you guys like options so I would highly recommend longer dated calls on EWT. I think you will see this index up 30%+ from here by the end of the year.
Simple way to play this is EWT clearly. Realistically, I think EWT could go up 20% by the end of the year from here and it pays a 2% dividend. So total return with just the stock could be 22%. With calls obviously more.
Another area I’m looking at is the sand fracking stuff. Tough to know for sure where oil is heading and I’ve never traded that area because I can’t determine value, but oil is pulling back some and the charts across the board are setting up very similarly to the way the momo stocks traded last spring/summer, after they all took massive dumps.
Take a look, for example, at prior momo stocks like SLCA and compare that to stocks like NOW last year around this time. Presumably, should this similarity hold, you would want to be buying the next drop in these stocks. If I see SLCA take a big drop to say $30 I would be interested in buying, strictly on this thinking.
Hmmm. Got light today and booked profits on everything decently profitable. Pretty good day but I’m getting nervous. Potential to re-enter some positions lower priced and farther out.