I think I’ll start to book some stuff here.
I entered some $GS calls for next week. Need to book some March paper here and focus on some longer dated stuff.
Hope ya’ll encountered a little winship today.
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
Sentiment is the only thing that would make me get long here or anywhere close to here. If I want one thing in my favor, though, that’s it.
Personally, I think people buying today may get a case of FIBTIT (Fuck, I bought the interim top), given what I see on the charts, but then again, perhaps I represent that sentiment that I often would seek to fade.
OA, see anything causing the EYES slide? Can’t decide if I should bail or double down. Seems like the company has a lot going for it.
Thanks!
0-2. Fuck that stock. Going to sell it again.
Add it to the a**hole list so you won’t forget; it’s one of the best moves you taught me. Also, thank you for responding to my question below.
i’m amazed to see REITS up and banks down to the extent they are. I thought everyone was positioned for unchanged rates and low expectations for more than one rate increase the rest of the year. I’d have thought this would have been better for banks and worse for yield plays.
banks need rates to rise so they make more money on loans. When the curve is this flat, they make much less money – that’s y they’ve been lagging.
REITS have issues when long end rates have crazy vol and/or risk-on sentament is super high. right now, neither of those things are holding back REITS
OA, I asked this on your prior post, but I’ve got a quick question for you.
In regards to your discussion last night about larger biotechs converging towards their longer term trend, were you saying that’s a bullish set up? And as a follow up, should we wait for confirmation on a breakout over the trend line?
Thank you in advance for you question, and an even bigger thank you for opening up After Hours to everyone. It is much appreciated.
Yes, meaning there is support there. This is why they haven’t broken down like most other things have this year.
You think we sell off?
Just booking some gains. Added a bunch of new positions last week and this week.
Chinese Burritos have been immaculate, beating out energy. +2.10 today, +13.2% since Feb 11th.
iBC used to beat the drums on burritos but I guess StokTwits doesn’t trade them anymore.
I own 6 of them. I don’t beat the drum here because we don’t seem to be much of a band anymore.
Let’s get the band back together?
https://www.youtube.com/watch?v=dzOHq5WbQ8k
after the winship of a couple weeks ago i stayed quiet on the call buying and even liquidated some longer term holdings of T and PDT. For the past 3 years i’ve taken a large draw down after a round of wins….so of course the time i change is when i leave money on the table.
I’m still heavy cash but I’m a holder of FEYE april calls. Missed out on VMW. Also missed GS. That one is always your first go-to play after a period of craziness. Usually a winner too.
The market has a cruel way of conditioning it’s participants. I went through a horrible stretch myself. Still working to get it all back.
Methinks the days of 100+ NQ moves have returned. You still trading futures overnight Jeff?
Yes sir. NKD, NQ, TF or CL.
Oil has gone up 50% in a span of ~one month, from 2/11 low of $26.05
Cannot fight the Fed for the next 3 months. Expecting 42 – 45 for oil. The May contract is already over $40.00. I am currently neutral. Will be selling oil at the above levels. I expect natgas to go along for the ride. I’ll be a seller at 2.00, then 2.50.
Oddly enough, this surge in commodity prices should benefit TBT. My stock portfolio is telling me there is no need for an ark at the moment.