The market has been running for a few weeks now, and perhaps we’re reaching that point of upward exhaustion.
If that’s the case, how about one last risk rotation? I’m thinking the Chinese Burritos.
I bought April $VIPS yesterday, and $CTRP this morning. It was March through April last year where these stocks doubled in roughly 6 short weeks. I’m in accumulation mode, owing several China stocks here.
More later,
OA
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BABA still my favorite
OA, You might get your cmg at $470 after all
No way. I said yesterday $540 before $480. Buy it dude.
Im already in from yesterday at 485. So hoping you are right
Just bought
? good luck chief
#RIPbiotech
performance chasers from 2015 ended up buying biotech at the top — they will continue to be net sellers in 2016. very similar to the weak hands that are selling FB AMZN NFLX to keep up with the margin clerks…
If commodity run continues and burritos take off, ACH should do well.
FYI sold my CMG calls for an embarrassing Irish-dicked size gain. Regret unloading AMZN puts yesterday and am looking to salvage premium with sale of AVGO 150’s.
Stay short financials and adding FB to my list of short candidates.
NFLX looks like it just had a failed action- went ahead and sold my NFLX calls for just under a double.
Of course, that means it will rip for the rest of the day……so if it does, you are welcome!
Failed auction it was.
NKE shares en route to 150B market cap…or $90/sh. Premium valuation now as leader of Fit-Tech (I just made up this word) revolution. FIT & UA shares confirming —
TSLA Mar 230 calls @ .55 – buy em. Stock is going to make a run for its 200 day MA this week
The time has come for us to debate:
1) Has IBC become no different than TSCM when Cramer hogged all the headlines?
2) When is our supreme leader going to buy stocks again??? The market has rebounded and the environment for stock picking has improved markedly so why is The Fly not crushing the skulls of the bears? Burnt-out? Vasectomy??
IMO converting IBC into a news outlet is NOT making folks any money….if I want news, I go to Twitter. Not much original content here and by drowning out the site with all these non-money making posts, you drown out the voices of the TRADERS — aka the guys who many of us come to for ideas and discussion…
+1
Seems Fly is driving traffic ultimately to sell the site..
News reporting and algo trading don’t mix…I have no issues with exit strategy but an insightful post used to generate 100+ comments versus now when a few hundred eyeballs read thru each news post hoping for any off-topic nuggets of wisdom / trading ideas. Not sure what the experience is inside of Exodus but since redesign, this site has as much appeal as watching CNBC.
I think he’s just bored as fuck trying to prove a point playing long TLT since the new year.
The shift in approach happened shortly after Business Insider, known for pumping out bullshit content and multi-page “articles” designed to artificially inflate pageviews, was sold for $442 million.
I remember Fly reporting on that sale with a sense of amazement and, relatively shortly thereafter, things seemed to change around here.
It proved there was a bid for content. When WallStrip sold in 06/07 for 7 Mil, I tried to take my podcast at the time and take it to daily video. Guys at thinkorswim shot down the idea, then fucking stole it with Tasty Trade a few years later.
cannot believe wallstrip went for that much. I liked it but not 7mm worth..
Right, but it just proved there was a bid. It was total shit, and could have been outdone…which was why I presented a business plan to compete.
well said
Maybe I can be that guy that focuses on trade ideas. I can’t blog news. I care less about news, but more about market reaction and behavior.
I think part of my problem is where I live. By the time I get up the market has been going for a couple of hours. So today I tried to follow CTRP, but bought in high. Maybe in the future, should I decide to chase, I should buy partials and average down.
Too bad all the good content is buried under the lead.
I love Fly’s writing (the guy is seriously gifted) but I’m only interested in actionable posts.
I like the news headlines, but agree that I used to get more trading ideas from the content. I still primarily read in depth two blogs: Rauls morning market hypos and OA – this gives me enough context to form hare-brained ideas to go with.
Agreed. Ive been here for a long time and reading Fly is still funny but its as good as watching CNBC. I get wanting to try the system (why not on the side). I get the general idea. I get the stress relief. But add some value instead of social media style snippets and recaps of videos and reports.
Raul’s stuff is good but I say here for OA. AHWOA is the bomb diggety. Sadly I dont get to participate often enough.
Since we’re all speaking pretty plainly here, have you made money using Raul’s stuff, as opposed to just being impressed by the content appearing sophisticated?
Raul’s stuff reminds me of content of others I’ve seen over the years that was overly complex and wasn’t actionable. 5 different “hypos” that may or may not play out don’t really do much for me, for example, nor have I found overly messy charts or alternative scenarios to actually make me money.
Perhaps everyone is using his stuff to be immensely profitable … to be clear, here, I have no knowledge of whether he’s profitable or not, nor do I know whether anyone uses his stuff to actually make money. I’m just curious since I usually see him with the crazy posts with myriad alternatives, crazy lines everywhere, etc., and crickets in his comments sections.
Its just nice to see different perspectives.
I’m a member of the unwashed so I didn’t have the balls to say it….. bravo
Yeah, I haven’t wanted to say anything either, although I’ve made a few less conspicuous comments to that effect.
Even with the site being of less utility to me than it used to be, it’s still a good place and I enjoy the content.
I just used to *really* enjoy seeing a useful post describing a particular thesis and then a fairly well-developed comment section below. Sure, there were garbage comments to wade through, but there would be nuggets here and there.
Now, with the rapid-fire snippets and “news” focus, not only are the posts themselves less actionable–which is bad enough–but there also is little interaction in the comments section. I think this owes to (i) some people just not reading all the “articles” anymore, (ii) there being no time to discuss, since 10 minutes later, there’s some new blurb with a new comments section, and (iii) the articles themselves just being news snippets instead of trading theses.
Is JMEI too much a POS to take a shot at?
…and if we are talking trash, I just noticed auto charts looking the same: KMX SAH LAD FCAU.
Nice reversal in SHAK — not sure if will help my 35’s expiring tomorrow but there’s plenty of time left to stage a late week rip. Loving the look of TXRH here…
Nice call on VMW. This TNA is bouncing all over the place. I still think we see 1120-1130 which was an area of balance for a while heading into this year. As far as places that have been doing well earnings wise its in the small caps with mostly domestic focus. And that’s the sector down the most.
Anyone think IBB or LABU may be forming a double bottom here?
I bought a few June 9s, so cheap so why not
I bought a 200 shares common. Will average down or up depending.
Shedding my bearish bias in financials. Buy BAC April 15 Calls for a rebound
Oddly cheap?
13 handle on the VIX = declining premium. The continued recovery in oil is much bigger influence on bank shares than one less rate cut.
Congrats on the recent run, OA. Feels good to get a few notches in, I bet.
I’ve slept much better, thanks. Hope you’ve been piling it on as well my man.
Good to hear. I’ve been away from the option game a bit these last few months – no time and wrong emotional makeup. Pitched a business deal, explored a State Senate run and watched my son and his hockey team get obliterated all season. It was the most fun winter I’ve had in years.
I’ve been watching GOGO and I think it’s gonna have to make a move here real quick
Man there’s gonna be some good opportunities coming out of this biotech crash.
I cannot blame Fly. This isn’t a charity he’s running. You can break it down however you want, but ultimately there are only 3 core ways to increase profits from blogging and the rest that derive from those categories.
1)increase clients (traffic & conversion rates)
2)increase average transaction per client (more products or add on features)
3)increase $/transaction (premium products or recurring payments)
Every post is undoubtedly targeted traffic for a small cost at this stage.
There goes SHAK….giddyup!
gold short here with a tight stop
Another +2.11% on my Burritos. Total +16.4%. Another +25% to go.
You’re late to the game but at least you’re in the game.
1 Taiwan Semiconductor Manufacturing Co. Ltd.
2 Tencent Holdings Ltd.
3 China Mobile Ltd.
4 China Construction Bank Corp.
5 Naspers Ltd.
6 Industrial & Commercial Bank of China Ltd.
7 Hon Hai Precision Industry Co. Ltd.
8 Infosys Ltd.
9 Bank of China Ltd.
10 Housing Development Finance Corp. Ltd.
TSLA Mar 230’s — daily double
I love the trade flow in here. Can’t wait for it to come back again.
So much to like but keeping list under 10 companies.
Tin Roof Rusted — buy some SHAK everyone!
OA, do you provide you real time trades and the type (option, stock, and/or long term) in the Trade Lounge or is this only through Trading Addicts? Thanks in advance.
In both, yes.
Thank you for the response. Congrats on getting your Steph Curry on.
To commemorate March Madness — WING looks like a buy
fok you CMG! don’t you dare touch 480
mother fok you CMG!!
BBRY anyone?
PYPL going to the moon now that it broke resistance
my #2 largest position or else i’d be adding more
Sold CMG for a loss.
Same one from yesterday that ripped 25 points?
Maybe I jumped the gun. But thought you meant 480 as a stop.
too soon to give up, IMHO
I doubled down on tomorrows calls here.
I just picked up the CMG APR 475/470 vertical
BBRY April 9’s @ .22 — earnings play.
OA – nice fill on CTRP. Just saw the daily chart. Wow. what a move off lows this morning
In light of the strength in the Fit-Tech group, I think you buy some FIT calls — APR 16’s
Bought PCTY and CMCM.
some bullish and bearish ideas.
http://ibankcoin.com/hattery/chart-blast-ideas-31716/
can’t believe I took my eye off SIFY and missed it speaking of junk and a curry flavored burrito
REDF too, man we must be nearing the end of this the junk is running
check out the volume profile on /6j on the weekly.
Check what the carry trade did in 99 when the market melted up. Interesting for sure.
The posts about CMG engaged my mind. I can understand why some of you took the trade. The 480 calls traded $ 2.50 at the close, that could work out nicely if it rebounds tomorrow.
I bought BAC 13.50 calls at the close. If they go out worthless, life goes on. We shall see.
Moving my targets for oil to 45 and 49. While the 200d MA on the May contract should provide some resistance, there was a lot of volume on that contract around 45. And 49 should bump up against a trend line that had served as long term support from the 1990s.
81 comments in 12 hours. Buyer beware.
1 post though. That’s a days average.
IBB goes to $200
LABU – reverse split
I’ll be there waiting to buy.
.
Was also going to comment on the amount of posts on this blog. @OA not toppy?
Not one post here was euphoric or giddy.
Maybe they have the norovirus?
:-/
lol… j/k… had to do it.
we bottomed when the bears where laughing and swearing at the bulls….we will top when the bulls start mocking the bears.
Right, its the tone and celebration comments that mark tops.
We bottomed when Sethster recommended to buy and hold VXX again. Evening of 2/10. Market bottomed the 11th.
Bank shares are in liftoff mode and about to follow the same path as Gold stocks. Load up on April calls this morning or be left behind.
Funny to see PYPL downgraded this AM – Mar 40 calls for .05 is my YOLO candidate.
Look at me I’m short XLE…because my calculator brain says that it’s not a “3”. Won’t go to bed because my P&L is red, I can’t sleep — I’m short XLE!
Watch it! Hey…I used to buy stocks back in the day. Now I read books and drink Bordeaux all day. My blog was insightful and funny back when I was making money…now I repost news all day!
Does TSLA ever go down? I just don’t get it.
While I left 40 bucks on the table, the earnings were well received and the next car is debuting end of March. I should have factor ed that in. Seems Citron will also issue P.R.’S to get out of short positions as well.
3/4 of all markets were 3x OB on OA’s indicator the other day.
IWM couldn’t quite get there on all 3.
Key resistance area ahead. 17800 +/- 100 or so in the dow would probably be the bears last chance of denying new highs as above there would create support.
The target from the bullish signal mentioned on 2/11 was last swing high right around that resistance area… We’ve gone on an epic run from the swing low on 2/11, so it will be difficult to expect us to blow right through, despite the strong momentum in that direction
As 1st discussed here:
http://ibankcoin.com/hattery/possible-long-entry-signal/
Here’s your entry in CMG…465
This might be going to $440 first
Whats the rush to buy a company that repeatedly poisons its customers?
picked up AMZN 560 calls for a yolo
Ugh, looks like I picked wrong direction
You may need to factor in the daylight savings time difference between here and Europe. Yolks at 12:30 until last Sunday in March.
YOLOs not yolks. Fucking phone …
I finally capitulated in my biotech stupid fucking loss
i’m staying in until IBB breaks 240 but probably not far behind you
YY take a look nice action lately pending buyout offer at 65 bucks
Chinese burritos doing great. American burrito, CMG, sucking ass
kidstockibc: nice call on BAC, TSLA and CMG. Made some coins today
“Not one post here was euphoric or giddy.”
To the moon!
You know the market is scrubbing the bottom of the barrel when LNKD pops 3%.
OA great call on CTRP.
OA what do you make of this move in CIE?
Breakout/retest