What’s the consensus on the China names here?
They’ve been consolidating for a month…plenty of time to work off the fast moves they had earlier this summer.
I’m staring these down, and have a finger on the trigger for a starter in $SFUN. You guys like these here?
$YOKU, $SINA, $TEDU, and several others are sporting “the look.”
I took on some $QLYS calls this morning off the movement in cyber stocks, as discussed in After Hours with Option Addict last night.
OA
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Not a burrito, but a top favorite of mine from a chart perspective is ANET. Cup and handle forming; looks poised for a break though IMO. Not a cheap stock fundamentally, but growth and execution has historically been good and valuation can expand, so fits my bill technically and fundamentally…
YANG over bot, so there’s that
Like WUBA and YY, which hasn’t gone yet.
dang
SINA have calls for the 31st
I grabbed SINA Sept 50s yesterday
BABA about time to move up?!
Ctrp and Yoku
I have decided not to get involved in these names even though I’m probably leaving money on the table. The charts are irrefutably gorgeous, but I just don’t have the ability to keep close track of the movement right now which will likely lead to a +300% move while I’m away which gets flushed and I end up -100%. Trying to learn from past mistakes finally.
Therefore, my favorite burrito comes from Poncho’s Tacos on Lincoln between Santa Monica and Venice. And it will never break your heart (though it may attack your heart).
With my $SFUN profits, I will call you in an order at Pancho’s.
DANG you, I truly am an addict for the action. Took a little flier on $SFUN. Your ideas that seem the craziest and too early usually play out the best. Why would I try to out think the master?
Now I’ll have to buy my own burrito (and, unfortunately, the airfare to get there).
Pancho’s Tacos are legendary
Exodus shows that the group is a bit undervalued as an industry, so that is a plus. These broker my heart a month ago so I am hesitant, which probably means it’s time to get back in. $VIPS, $YOKU, $TEDU, $LEJU faves.
BITA might have been first but the move today… so that makes YY my top along with maybe NOAH. ATHM in a couple days.
Nice call in Cyber Security stocks last night in AHWOA.
Did you play any?
Yes, $ZIXI which I sold near highs this AM for a single.
still in sune? buying more on the dip?
Owned SUNE over a year. Yes.
My problem of late has been not buying enough time. E.g. $ASPS, $FRO or getting in too early like $CYBR.
I don’t have the cajones to play the burritos anymore, they’re all a-holes to me, especially $SINA.
From the Ouija: CMCM, NOAH, MOMO, YY, CMGE. I guess NOAH would be my 1st choice.
Does anybody know why BX down so much today ?
OA — thoughts on ETSY? — I grabbed some Aug 20’s today
Love that one
OA, any thoughts of another GOOGL weekly or has that game been played
I am having one at El Jarochito in Redwood City as we speak.
anyone play the long side of $AMZN earnings? If so, congrats.
Want to throw a thought out at you OA. What if we’re experiencing the blowoff top as we speak and it’s all in the nasdaq via individual stock blowoffs off of earnings while everything else goes sideways to down.
Pretty soon we’ll run out of large cap tech stocks to ramp up.
I guess the other theory is everything else plays catch up eventually, leading to a broad based market rally.
We’ll rotate, as we usually do. Use October as an analogue. Easy peasy.
OA – maybe i missed it, did you mention your favorite chinese burritos?
Yeah, just in the post above. I said I had the finger on $SFUN, which I pulled.
$IYT must rise here or $QQQ must fall. Shorting $QQQ and buying $IYT has very little downside IMO.
http://tos.mx/USQtie
I could be wrong, but this may be the most extreme level of oversold on $IYT-$QQQ in last 20 years.
The spread of this trade doesn’t mean that the QQQ will fall, btw.
I know, I’m just thinking that the pair has pretty good upside here. If we’re to continue higher I think $IYT will outpace $QQQ, especially since most of the large cap tech earnings are out of the way this week.
If we are to move lower then I think $QQQ will get hit the hardest while $IYT outpaces there as well.
In other words, a great pairs setup IMO.
Not a burrito exactly but i like BIDU
By the looks of NOAH this morning, I’m expecting notification of my stock picking diploma being revoked any time, here…