Going back over the last few years, most of the tradeable lows in the market have taken about three days to set-up. After a washout move, there is normally a weak bounce to follow, then the test or breach of the washout low.
My preferred scenario here is that we’re red tomorrow, with all the indicies testing or breaching lows with the exception of the Russell.
I think that move might last 2-3 days…but from there it is imperative to see where the $VIX and ATR’s are at. If they remain elevated, it would be wise to balance things out with a couple of strategic shorts.
For the day, I am only watching. Tomorrow, I like $SPLK, $PANW, $GPRO and either an $AMZN or $GOOGL depending on where they land.
OA
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Wow that was some move in silver last hour
Watch Natty here
Have one eye on BOIL anfd the other on CDE
I like it here as well.
Thoughts on SHAK & ETSY?
Pass. Buy $WING
Why has no company chosen DIP as a ticker? What the fuck is wrong with these people?
Follow up — wow that was some fade in silver ladt hour LOL. Damn this Rise of the Machines market
OA- you think we even get another dip to buy? what you think chances we take out yesterday’s lows to buy the dip
Bro, did you read what I wrote?
Perfect!
woahh. okay there.
That was the whole point of my post. I think we’re red tomorrow, I think you buy it. Pretty straight forward. So…yes, I am waiting for that.
Holy shit I haven’t looked at PANW lately. $175? What a home run. That sucker is trading at 16.3x CY revenues. Man those stocks all look pretty expensive. Obviously from a trading perspective anything can happen, but seems like from a fundamental perspective that they should all trade lower eventually.
Just curious if anyone follows the fundamentals of the group: what’s the thinking on PANW vs the other cyber security stocks in terms of which ones will be the winners longer term?
Cyber is hot right now with the OPM breach. PANW has good products AND good engineers which will keep them relevent going forward. PANW is also an American company (CYBR is Israeli). Cybersecurity used to be niche, but now that everybody needs it, company boards are looking for market leaders vice good values because they want to avoid getting fired, so market leaders get more attention (I work in the field)
Yeah I wonder if competition won’t ultimately drive margins down and make all of these valuations seem ridiculous in hindsight. When I see all of these companies trading 13 to 17x price to sales it makes me wonder about this. Typically when there is one clear cut leader in a sector then the leader gets that kind of valuation. I have noticed that margins for FEYE / DATA have been going down.
Competition will drive down margins, but there is soooo much that isn’t being done in cybersecurity, that the overall revenues are going to be higher. FEYE is uniquely positioned in that it offers both equipment and services – this is where the money is because people are starting to understand that it doesn’t matter what equipemnt you have if it isn’t integrated with your processes and operations.. When we look at companies, some of the things we find are just mind boggling.
OA, do you like BX ? I am thinking to add this/next dip. Thanks.
Doubled down on CTRP. Sold ATHM flat and missed this move so not going to miss the one in CTRP!
Too much fear of missing out on rally sentiment today tricky times
Sure seems like there was an initiative buy in potash and other agriculture stocks a couple days ago…
Interesting thing I noticed on Z:
from high to low in 2012: Down 50.9%
from high to low past year: Down 50.9%
Dam missed out on today’s rally
You have no longs?
Think group should wait on GPRO until <=46.25.