It’s about this point in the rally where we start to start to see trashy stocks catch a bid. I’m talking the under $10 crowd. When the market starts to slow down like this, these stocks heat up. By “heat up” I mean that you’ll see many of these names hit +15% movements per day. A lot more than you’ve seen on the way up.
I’ve put together a list of names I want to trade here in the near term. They are as follows:
$IPI
$GLUU
$CRC
$NM
$PLUG
$GNW
I have a few others, but they’re worth watching a bit longer before taking action. These names above look actionable to me.
Got any stocks in that price range you think look good?
OA
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$Eyes?
I own it or it would have made the list. I try not to overly pimp my book.
GLUU and CRC look best to me from a chart standpoint. I swore off shippers, they own me.
What you like about IPI?
I shorted AMZN agains Jan highs using weekly puts. Added to May JCP 10 calls here. Would like to get back into TWTR, GPRO and FIT but kinda hoping mkt pulls back to 2056 area to do it.
CRC! welcome to the anti-ark , since 6$ to 30c and back around again.
TA worth a look?
Saw that one, yeah.
See ya twtr!!
Bottom in!
one would hope!!
LC?
Yeah, like that pattern.
Lots of call option activity recently
Jeff – I had gnw and nm on my trash list:
I haven’t seen this many good looking charts since 2012:
NAV
NM
CYH
FSTR
GEN
PEIX
THC
ADPT
ENVA
TK
MT
NSM
ASPS
WAC
SF
TOO
DATA
FCX
PBR
SIEN
GLNG
TMST
GNW
CS
Market is set-up the same way it was in 2012.
PTX?
option addict – so you agreed with me about strangles in an interesting way. Yes – it is a horrible trade to play as a general rule – but if you cherry-pick the correct equities to play – those that move big – it is arguably a better strategy than picking one side. So yes – I did cherry-pick examples to talk about because that was my point – people will play stocks that have a history of moving big but only play one side when if they play both – they have better odds.
I got a near money put position this morning on NFLX to play a strangle and I got a call position when it recently printed above 107.
Could lose on both sides – yes – but set-up looks well to break one way or the other with earnings as a catalyst.
That said – look forward to playing it tomorrow if and when it establishes a direction. After last report it was a great in and out put play on the quick morning weakness.
Most people skip the event and play direction too. This way they don’t lose twice over on both sides. Ask any option strategist…staddles/strangles are the worst.
I’m killing it by not doing anything, 100% invested showing day traders how it’s done.
You’re an example to us all. Greatness without ever the mention of a detail. We trust you are most likely and completely full of shit.
…and that reply is exactly why I love IBC. Way to go OA.
QQQ RUT IBB FB SPX and I’m laughing all the way to the bank while watching day traders missing the big moves.
How about NK
Own it. Top pick
Just popped in to say $TRTC – hope ya got some
how about oil? feels like trash
$SUNE trashy enough for you? $ANGI? Those are stocks that make me want to throw up in my mouth so they may work.
BEBE, OPK, MNKD, ALJ, SSI, FRPT Though I only like to buy these types of stocks on a down day to assess relative strength.
$BOX looks like it’s about ready
I’ve been liking that BOX
That’s what she said.
http://ibankcoin.com/option_addict/files/2015/11/ellen-og-1200×630.v2013_09_24_120108.jpg
ROTFL awesome
Does the carpet match the drapes?
too easy
CEQT
CEQP…sorry. Spell checked to that other, for some reason.
$BREW
$CWST
$MNKD
$GNCA
$GNW
$GRPN
$SVU
$LC
MTCH and BIIB both had solid days. This PBR I think I just bought too high (around $6.5). There’s so much shit popping up its hard to keep track of…very 2012ish
IBB looks ready to break thru 285 for good here
Like the long term chart for MLNX
XLE. Bad news is being bought. XLE to 60 and oil to 45.
How about $MU
The long term chart says that stock could hit $8. If it did, I would buy as much as I could afford.
We are going to make all time highs. If you’re not 100% you’re losing.
ISRG maybe good lotto earnings play with calls? Premium this week and next week not that bad considering it opened up around 15 percent higher on a report this past summer and it should have open skies with new all-time highs on a well-received report
Good profile.
Good pattern.
Good premium.
KMI right at the bottom of that volume pocket – doubt it will move much from here before Thursday –
bought more SEDG. stopped out of tumbling BWLD.. likely some idiot analyst wrote something negative.
Shorts are about to get paid.
When? Doesn’t this market have a feel that nothing will stop it from going up, to you?
Glad to see you back Chiefton!