Was this not the equivalent to “The Death of Equities?” Or Bill Gross’ “We’re Witnessing the Death of Equities?”
Since when does a broker give a damn whether or not you sell? Where the hell were these headlines in 2008?
Brokers always have some shit to sell you…but this will likely make it on my wall in a frame this year with the rest of my collection.
This week’s set-up I’ve been blogging about will be tested again today. They’re not letting it go thus far.
OA
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Hi OA, sorry for double posting my question as I think it got buried in the middle of yesterday’s messages. Re: JDST – got in pre-market at 2.35. Is this a long term hold for you or do you have a stop on your 2.75 entry? Not sure if I take my gain or let it run?
I try not to stay in these things too long, but at least a month seems about right.
Never thought I’d say this, but I like CNCR…
wheres bchu? I’m up 10k on IBB
Which calls
this week 290’s next week 287.50’s
nice trade
Right here bud. Guess I’m wrong on the blog, right in my portfolio. I’ll take it. Congrats!
I’m sure ur up but pretty sure ur not up 10k. Haha. If so I’m up 25k
Youre only 10k away from buying a TSLA. congrats
Just looking through some old trash names we have traded here in the past: COWN, OCN, CAPN, CBLI, CIDM, CSLT, ECR, LITB, IDN.
to be fair… they said the exact same thing Jan 11, 2016 and it all came down.
Knowing that bank research guys are typically drunk, and interested competing to be the lowest common denominator, this could easily have been a lucky guess.
But here it is @OA :
http://www.businessinsider.com/rbs-sell-everything-2016-1
Bruh,
That’s the date on the pic I posted. You drunk?
My bad. I feel like I might be. Addy, coffee, & no sleep will do that.
Hard 2 say their timing was wrong though. They’re just trying to get as much client flow as possible. W/e will make you trade through their algos instead of BAC’s.
In my defense, you’re picture is rather small. Size 2 font can throw-off even the most sober of readers.
Ah, I’m on that addy, 5hr, kombucha mix. A sober gent would have presented the pic in better format.
ON,
Thoughts on KMI May calls did you double down or got rid of them?
*OA
They aren’t down much from my purchase price and I like the action in the stock. No plan to sell yet, thinking about an add…but haven’t yet.
OA,
Thoughts on $DATA? Still think we wait on 46 area or start to average in now?
Missed it. No trade here now IMO. Risk too great.
Sure seems like Thursday sessions lately are just used to chop premiums to shat lately.
Above comment also powered by Adderall.. Saying lately twice in the same sentence is evidence of a 20mg XR tablet.
In reviewing my charts, I believe a reasonable analog for price action from 4/21 – 5/6 is the period 10/29 to 11/13.
This is for TNA, /NG, TBT, DUST, /CL
I swing trade these.
Totally got long DUST @ the open 2day.
There goes my $XON. What’s so scary about genetically modified mosquitoes?
My long watch list is all green but one, my short watch list is literally all red. Maybe I’m getting closer to not sucking. Woo hoo!
Don’t be like me, my watch lists go in the direction I forecast. But once I put money to a trade it goes down the toilet. I’m closer to sucking.
Lol. Me too. Although getting closer there too. Timing is the killer.
Rough day for me today. Should have closed out of everything. Ended up selling UAL for a hit at $54.7 then tried shorting EEM at the low of the day and sold FCX at the low of the day. Putting myself in the penalty box.
Definitely seems like a mini pullback is due here. I’m tempted to buy EDZ but can’t get the courage to do it. The best play is probably to just wait for long entries.
One indicator I noticed that may mark a short term top in commodities is this:
http://www.cnbc.com/2016/04/21/dennis-gartman-goes-with-his-gut-for-2-long-plays.html
I don’t know man, the stray cat indicator worked well.
Lol. U still holding JDST?
Yeah, 15 cents from here.
$0.15 on a $2 stock right?
What are you implying? Lol. It’s a triple levered ETF. Don’t get upset, you’ve just been a decent contrarian this year. From early on in the TNA, to the last two posts yapping about all the shit you bought then selling the next day.
Again, anytime the market conditions a guy to boast a bit, its been a great signal. Own it.
OA – MUR, MRO, HES all flagging overbought on the Oscillator, and on the sentiment cycle, due for an Aversion move. Would you consider puts in any of these guys or similar names?
At the start of the year I had said dollar weakness would carry these higher til about May. We’re close. I’d have to be super selective on the short side, but I think they’ll pull back a bit next month.
Haven’t seen you in the comments here lately UB. How’s it going? What have you liked the looks of lately? Other than that oil short which I’m thinking about too. I like Canadian banks as a proxy as well.
TJ – I’m still here, but this year has been real busy for me, and I haven’t been real active. I like the JDST play that OA, FryGuy and a few others are onto. How about you? Hope all is well.
Nice rotation into Biotech. Jeff, any thoughts on IBB?
Still holding $LABU from March. NK, EYES ….sold my RLYP.