You gotta review the important matters of MISSING OUT, as I discussed throughout this overall process. Starting from the lows of September:
FOMO.- Fear of Missing Out
MIMO.- Maybe I Missed Out
FIMO. – F*@#, I Missed Out
What do you do with free cash on the first of the month? Apparently, you buy stocks.
I’m giddy here with the choices that were made today in terms of stock selection. This is exactly what I laid out at the Investor Conference in NYC.
A rotation in risk.
See, the fears are starting to diminish here. That’s powerful. This is the main thing we’ll talk about in After Hours with Option Addict today.
YOU ARE GOING TO MAKE AN INSANE AMOUNT OF MONEY FOR THE HOLIDAYS.
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
YY pretty constructive here.
I believe $YY has a non binding offer to go private
You have really just nailed this move… really fantastic job sir. Mind blowing.
http://ibankcoin.com/option_addict/files/2015/11/CRi8qGsUEAAUwbX.png
On of my favorite exchanges at the lows, when it mattered most.
Blog has gone dead silent. Business as usual is back I guess
I’ve been blown away as to why that is?
Honestly, no idea. But I’m happy the chest pounding from the bull camp is still lite… Sure, pockets of noise here and there, but the average twitter-er still seems a bit shell-shocked… My favorite indicator when things are moving strongly in one direction…
Many more are starting to realize what they just missed out on.
time for a poll
I have to find a non-biased crowd to poll.
OA, do you like SHAK here? No position, but thinking ER play. Thanks.
Been sitting on calls for a few weeks.
SHAK looks interesting to me. I didn’t have a good experience when I went there, but I can tell you the place was extremely busy. The place has been hyped up big time, and I bet they beat handily.
I’ve been following on the sidelines, and frankly most people have better commentary than me anyway – but yes the market is changing. I have booked several 20% gains on picks from around IBC the last several weeks. Frankly, i think this place has been on fire but there is turmoil out there so I would guess people don’t comment when they are uncertain. I’m sweating here that I am not putting *enough* money in the market for this fall.
If you are sweating the decision then trust me you have enough in the market. There’s always another chance. Worst thing to do is buy at a poor entry point.
I literally did nothing today and probably had my best gains all year. It’s frickin’ awesome to see all the study and early positioning start to pay off.
^^ This. I’m in the same boat. Best 1-day gain of my life today. Only question is where to put stops / start scaling.
OA – would you look to take a swing at FIT after the 10% drop after hours?
Work has been forcing me to pay more attention to it, but I am ully invested at this point, just putting small money to work on the margins – bough JOY Nov calls near the open, otherwise no action here.
Ruprick. Would guess not many know one of the best comedies of all time. Perfectly sums up the game.
Sums up the opponent at times.
401k Index Men are making tons of money here… Jan 1st will be another dollar cost day.
You buying risk? Or waiting for weakness?
I am always tempted with buying weakness but disciplined enough not to do so.
Now I see folks waiting for rotation to jump in but it’s too late, healthcare has left the station and the last chance rotation, chinese burritos are breathing again.
One could gamble and trade materials here but that is a fools game.
Of note, The market will accept nothing other than earnings perfection. A miss spells doom but those that beat the numbers are richly rewarded.
So is VMW, WMT, GPRO at their lows a better buy that AMZN, GOOG, AAPL, MSFT, FB at their highs? We know the answer.
All eyes on FB.
Dude wtf? You are not a trader. You are an asshat sitting in mutual funds supposedly. Talking shit on a site full of traders. We do not care whatever old man fund your pathetic ass is in. Please do this TRADER site a favor. Go play with yourself somewhere else. Fucking asshole.
I make more money than you do, how I do it is not your concern.
$IRMD
KING bought out
Yup. FIMO.
Traffic and comments down? Those who are winning have no need to brag. Those who missed out have no need to commiserate. And the trolls just go back under their bridge until their next opportunity to come out and troll. Top notch analysis and execution Jeff. Just happy to be an insider in this community of traders. Thanks for your great work!
There you go. +1
Couldnt find a reason for a barrel of WTI to be 10% more valuable than last week. OA’s sentiment theory working well in the oil patch the last week. My short has not gotten stopped out yet. To the oil bulls who called 42.50 price bullshit, I salute thee.
Cannot apply logic to the tape so far. Factory orders miss, buy oil. But the dollar is up. Regional banks not yet responding to higher TBT.
Fundamentals can dislocate at times depending on how the crowd views the underlying. The fact that oil longs were being trolled here said it all.
You’ll be right in the end, but not until you remove these guys.
Looking at UGAZ here. Even though temperatures are very mild right now, I have a feeling natty is not going to go much lower. Could be wrong, so will keep my position small.
I am in need of an add to fix this UGAZ long I am getting pounded in.
Back on the long side — bought FIT Nov 45 calls