iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

PARTY IN THE PANTS

$LULU has been one of the top performing names over the course of the last 3 months. While so many stocks are struggling to hold their lows, this is a stock that is trying to test last years highs.

2016-02-02_9-26-45Keep an eye on this stock, as the weekly/monthly chart shows an important price range that is being tested. A break of these levels would imply a measured move of over $40, if the stock trends away from this range.

This has been a great investment, but if prices are unable to break higher here, I plan to reduce my position.

OA

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19 comments

  1. kidstockibc

    Calling bullshit on the selloff today — nothing to see other than retest of lows from last week in some individual names. Load up on TSLA NFLX AAPL EA WTW

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  2. Noni Kavuri

    We must have all had rough January’s, so quiet.

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  3. bchu12

    and yes, i never questioned your futures trades. i made $$ off them too. so well played

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  4. traderconfessions
    traderconfessions

    OA aside, most of us bullhorn our winners and whisper our losers. No reason to post an entry price if you don’t post the exit too.

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    • Option Addict

      I post every entry and exit I take. I run an advisory, so when I reference a position here, those that are in it with me are able to see any remarks I have on it. SO if that doesn’t apply, you can skip over that part.

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  5. Bchu12

    Was Friday a bull trap??? There goes 1900. One last support left

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  6. Marc

    we are getting to the OA is now lying and or stupid stage in the cycle….most likely bullish!

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    • granpa

      Marc, he does not lie and most certainly he is not stupid. He is a winner but stubborn and easily pissed off with any opinion that doesn’t agree with him. He gets derogatory rather quickly. I am not a kook, I only take meds for diabetes. But if you read his comments about me you would think I just escaped from the institution. I’ve been doing this since ’79 and I do OK. I’m never “Killing It” or make 1000% plus gains. I win small to medium and am happy with my life. OA has a tough job but that’s what he gets paid for and that was his choice. I try to keep to myself since he has blasted me for not agreeing with every word he says. I said short the Market when he said BUY, buy, buy but I am a strong believer that stocks go up and stocks go down and try to play accordingly. He doesn’t like that, there is the friction.
      Try to call him on something and see how fast it gets ugly. Go ahead, try it.

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      • Option Addict

        Granpa, I never disagreed with you. The only time we ever had a disagreement was on the topic of adding “neutral” to a sentiment poll. WHen you asked for bearish ideas, I obliged. For some reason, you are in attack mode and I’ve never instigated that with you.

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      • Marc

        I have no interest in calling him or anyone else out, my ego doesn’t require it. Comment not meant specifically to you…..there is a distinct correlation both bullish and bearish based on the tone in this comment section.

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