Thanks for your patience with me this week. My sons team lost a heartbreaker in the Final 4 out here. I’m scheduled to leave in a few hours.
After Hours with Option Addict crowd, the watchlist will be posted on the AH Blog within the next 30 minutes.
Also, I picked up $AMBA and $CRM calls for August.
Have a great weekend. I’ll be back to work on Monday.
OA
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Nice. Good luck with the travels. Good to get some family time.
$FCAU has been doing well.
I added to $MMYT. My time horizon is pretty long and I know the chart is nasty but MMYT sports a 50% market share of OTA in India and its only worth $650 Million (compare to CTRP at $10Billion or QUNR at $5 Billion). Within 10 years I think India’s travel market will be where China is now. I know I’ll regret not buying the stock here so just gotta close my eyes and buy.
Have a look at $FOSL. It doesn’t report until 8/11, so options are still pricey. But there is a decent pocket up to $80 from here, and an absolute CHASM below on the 5 yr chart. I am tempted to think about hail mary puts because this is a long term point of support with nothing beneath. But the chart looks quite pretty for the long too. Something for everyone here.
Just noticed the Shanghai Composite index sure looks like its about to drop into the panic phase of the Sentiment Chart.
Zoom out to a weekly or monthly chart.
OA- a while back this year, I asked when you think JDST would make its next big run and you estimated August. Heading into August here, you still like you estimate?
Thanks in advance
Bought $AU 8 times in 3 accts. sold some, made my week, in a bad week for the stk., looking forward to next week.
Good weekend to all.
A few investment ideas. Long $GPRO, long $IYT, long bitcoin (in large size), short $IBB, long $BLUE, short $SOCL, short $TAN, short $EUR/USD, Long $USD/JPY, short /CL, short /GC, short $AMZN, short $MCD, short $GS, long $KEY.
Some of these are not equal to others and some of them are not immediately actionable, but should be soon. If I had to start on Monday it would be buying Bitcoin with both hands and shorting Euro with both hands. The others would be chart dependent.
@QC- the fly lives gold going into August. Lol
Loves I mean
Enjoy the son’s sporting activities.
There is no price that can be put on the bonding or the memories.
I traveled the country with my son and he did have his choice of some 13 “full ride” D1 athletic scholarships. Some of the best times of my life.
BTW, he is now a coach at an SEC school.
I love every minute of it. It’s great to see him excel and for his hard work to pay off. The whole fam loves to rally around these tournaments.
Fat bastard trade is back on …. margined up on WTW shares