I said last week that this weeks rally would be almost as fast as the first. I apologize. I didn’t mean to mislead. This move seemed a little more rigorous and fast than I had originally thought. Smells like a chase?
Speaking of smell…does it smell of burnt fur yet?
Ahead of the weekend, perhaps you can be a good sport and let the eager ones borrow some of your shares. You’ve made a good amount of coin this last month. Go forth and be charitable. Even if you take a gain or two, do it knowing you made the right decision at the most difficult and scariest prices. If you did wake up and utter the words “FIMO,” try not to worry. There will be more opportunities ahead.
As for the market, I want to throw a question out to you. What scares you most here?
I’m doing the airport shuffle this morning, but will check back on your responses.
See you at our badass conference tomorrow.
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
The only thing that scares me is holding my 200 Jan 16 80 strikes on BABA through earnings monday.
Scared most of continuation higher with continued narrow leadership, effectively f’ing with bulls and bears.
Going to spend quite some time on that tomorrow.
Down for the month, thanks to all the downgrades
Down for the month?
Biggest positions FEYE, TSLA, CYBR, NFLX waiting for them to go, hopefully next week
They will be fine. Names like that lagged a month or two after the Oct rally last year.
downgrade on FEYE really fokd me. f wall street
Scared most of a slow no volume grind up into December
What scares me the most is analyst downgrades or revised PTs and the ensuing bailout. 4 in stocks I own in the last week had this the last week and they cratered. Response to bad news in individual names has been epic as of late.
You nailed it. All the fundamental analyses and chart divining becomes irrelevant in the short run when ANALyst fucks with a stock. Instead of wasting money on Benghazi Congress should investigate ANALysts. That would be entertaining.
+1
This is because, broadly, investors risk appetite has changed. (This shows in many divergences).
The game has changed, we are in a bear market already.
It won’t come back.
Smart money has sold into this little rally, smarter money is short.
Sarasota is beautiful and showing no signs of an impending recession. OA enjoy the conference wish I could thank you in person for keeping me long the Russell. I might be nuts but I took 1/8 position long natural gas futures via UGAZ around 4.83. Seeing if we have a small rotation from oil to natural gas
I think the noise of the market is what scares me the most. Everything seems “about” to be really bad. Thus sentiment is what may be driving this market higher, though, as people took money out waiting to buy the dip or waiting for bad juju that never happened and this will provide some fuel for the rally, but it still doesn’t make it feel comfortable to be invested here….
The other thing that bothers me is the political games – hopefully there won’t be too much noise with budgets and debt ceilings, but itis a concern…of course 2013 started with the new years rally on the budget/debt deal, so that could be helpful.
LNKD looking good as a yolo candidate….coiling up all day.
There she goes –
Not getting Series tickets at a reasonable price!
Stock buybacks drying up. Q4 is already committed, but 2016 could be a completely different story. Take a look at what usually happens when stock buybacks decline.
http://www.factset.com/websitefiles/PDFs/buyback/buyback_9.21.15
why VIX doesn’t drop much today?
Good spot.
It’s because big money is ready for what lies ahead.
Panic.
Stocktwits is very savvy. Smart money indeed.
LOL.
This week has been nothing but landmines. Feye ftnt hca vmw lulu cog mu abbv gwph. Fuck man
Indeed. What rally? Hard to catch a rally that only bid up fucking mega caps. Feel your pain man in a similar position.
OA, what do you think of IMW 115 for next week?
Lets face it the Nov call are still in the red right?
Nov calls for what?
This is the 6th rate cut for China since last Nov, obviously they are in serious trouble, so deflation scares me the most
Not afraid. We will have one more correction in Nov then up we go.
+10 % in 3 weeks via VTI.
USD/JPY looks like a consolidation in hindsight, with more coming to the upside: http://www.finviz.com/forex_charts.ashx?t=USDJPY
The higher market goes, the more bearish on stocktwits.
need to push higher to force chase. http://stocktwits.com/message/44395164
I expected new highs by December so this quick of a move up took me by surprise. I took my profits at the end of today and am back in 100% cash. Made a decent amount these past few weeks and will redeploy on the next pullback.
Zerohedge and BofA is now riding OA’s thesis :
http://www.zerohedge.com/news/2015-10-25/how-would-one-position-one-final-melt-wall-street-here-bofas-answer
Sticking with my short FANG call (except GOOGL). FB above $100 is my top idea.
Bot FB weekly 100 puts
OA, thanks for CYOU. Massive earnings beat this morning ($1.55/share). Still holding:)