Back on the 18th we had the following discussion, between myself and myself. I mentioned the following:
LOOKING FOR BURIED TREASURE – Options Trading with Option Addict
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.
Are you witnessing what is going on in this crowd? They’ve been red hot the last week, but today is just insane. I own a small handful of these stocks, but I want MOAR.
I like the following: $RPTP, $CNAT, $MTLS, $BV, $NMBL, $ENPH, $ZIOP, $ANTH, $GNW, $FELP, $GLUU, $IMMR.
I bought $BAS and $CJES at the open per our discussion last night in After Hours with Option Addict about BUY MORE CHEAP OIL STOCKS.
Got any stocks of this genre you like?
OA
Allocations in my swinger portfolio:
FCX (30%) GRPN (15%) KERX (10%) MACK (10%)
You’re buying FCX here?
I bought Tuesday
I like that $NMBL very much. I have planned to make money on the name at some point for a couple of years now. This may be the time.
I was going to sing for $CARA, but too late at this point.
I still keep staring at that dreadful dog $CPST.
And I like $MPET, and $ZN.
I still have room for one more pot stock, debating my options here. I’m thinking $HEMP. I love the idea of $RMHB for the name alone, but I’m a day late.
I got $RMHB y’day…$CARA this am.
I have $TRTC, $CANV, $MGIC as well. Thinking $CBDS here
RMHB is 6 cents. Stop at 0?
Was that intended to be funny? Talk to me about it in 3 months time.
$kmi!!
Taking a poke at $XCO
Is PBR considered one of these?
man, this market got everyone leaning on the wrong side.
There you go again….time to grab some calls.
hope you are right. the “signal” set at the end of last week psych’d everyone out
You get a lot of signals it seems
It happens when one wears a tinfoil hat. Kidding
This is the chart you are hoping for ..RMTI
There is a 4/12 gap to fill on the SPY and IWM that wouldn’t take much imagination to see being filled given the run. (not to mention the 2/12 gaps which are wayyy away, and maybe a little too much to think about, atm)
Poop hit the fan.
OA – Are you still eyeing $46 oil as a near term top?
$DSX
$KAKA
Flml …thoughts? So far has been a successful trade.
Why on God’s green earth are you asking me about this stock 3 times in 2 weeks? Are you excited about the twenty cent move its made in that time? Should I have changed my opinion since I not having an opinion on it last? Should I tell you I love it to quench your never ending thirst for this stock? Is there something I ought to know about it?
Hi! Thanks for the thoughts. It’s undervalued. Just saying.Sorry for bothering you:)
I was having a laugh. I still don’t have an opinion on it, but if the trade is working, it looks like you don’t need a blessing.
Thought it was time to short oil stocks, not buy? What about the ERY trade?
I own 10 oil stocks I’ve been holding for weeks. Added two more for a squeeze.
Oil companies already made their move. Nothing left but the scraps.
But what the hell do I know about oil…I only have two wells.
If you want to find go long small-cap oil, I don’t see how you can do much better than Transocean Partners LLC (RIGP). Transocean (RIG) is an offshore driller, for those that don’t know. RIGP is a spinoff that gets their long-term contracts (stabilty) and their new rigs (RIG gets forward cash flow and dividends). They have virtually no debt. About the only negative (and I’ve combed through their annual report and their financials) is that they are ~70% controlled by their parent company (RIG), so if their parent company want to screw them over at some point, there would be nothing to stop them. In this way, they are like siamese twins.
Also, they have a huge dividend – but they haven’t announced what it is yet. My gut tells me they are stalling because the dividend will be cut and so I recently got out of it after riding it up for a while (from the 8s). They have earnings next week.
Tony’s road map: Thurs @ close
“With SPX 2074 broken to the downside, the five waves up from SPX 2034-2111 is complete. Now the uptrend/downtrend range widens to either an uptrend continuation, by breaking through 2111, or a new downtrend, by breaking below SPX 2034. Short term support is at the 2070 and 2043 pivots, with resistance at the 2085 pivot and SPX 2104. Short term momentum dropped to quite oversold after the negative divergence.”
So what’s it gonna be boys … SPX 2112+ or SPX 2033- ???
Long jdst at 2.1 and vrx at 34.8
Sorry you got sucked into the jdst trade. It’s been straight down
I leg into my positions.more at 1.88
GPRO making me sad – had a great trade going, but didn’t exit and then the report on Monday just killed it – could have exited at break even yesterday, but held on ….
Is 2060 on the $SPX strong support even though the 4/13 gap was filled already this morning?
IBB puts. Still working. Unreal
What was $IBB at when you bought them?
287
Time to ring the register on IBB puts 268.47 offer
Was thinking that this morning but the Bastard looks like it wants 250s again.
Purged my swinger portfolio out of turds into the following: Sold KERX GRPN MACK and bought:
AGN
SQ
TSLA
TWTR
Sold FCX…bidding more TWTR and SQ. Started position in LNG
That FCX… what a trade Kid. The one that got away
Thank you. Been in and out of FCX since last Q earnings. Methinks Gold & PM stocks are being propped for month end. Couple that with high likelihood of FCX secondary and I’m out. Lots to like after this weeks Month end fire sale. Hope you banked some coin on that CLF>
Thanks. 2 days too. Thats the one that came back to me.
CLF did beat. That says something no ?
Yesterday moved out of equities except FEYE (such a pretty setup but dont know when this thing will start moving) and in a lot of GLD Aug 113 calls. Planning on treading lightly in equities for now as it might get choppy.
Why do so many folks here like feye so much? It’s been dead money for a few months.
For me, horizontal consolidation (won’t cost me to hold) in a small range so can set stop v tight. Risk to reward is v good.
Sold TWTR Weekly 14.5 YOLO for nearly a double. Rolling into next week’s 15 calls.
Bot large chunk of TNA
Why not let the downside play out more. Things look like shit out there
Isnt that when you should be buying? Just saying
Buy at $SPX 2040
I’m buying prices that I like. I’m often early and it’s month end so I do not have all day to micromanage my entries…my thesis was for Passover related weakness and we are getting what I asked for. More of a buyers strike than a rush to the exits.
I see money in tech and biotech actually exiting
Good time to enter right here if anyone missed the move up. Bought index calls and some XLE.
I can see that. Bulls better hold 2053 or it gets ugly fast
Where are you getting 2053 from as support on $SPX? I see 2040 as support now.