This has been an incredibly busy week for me, so I apologize for not getting conversation started sooner. When trading conditions are this amazing, I write a lot less, trade a lot more.
Speaking of which, I picked up $EVEP, $BIDU, $PACB.
In last nights discussion on energy, we picked out the laggards of the bunch, which are all in the top 20 performers here today. Some of the quality names are off by 2-3%, which presents a buy opportunity, IMO.
After the bell, we’ll look at the group of stocks that are down for dip buy set-ups, and also venture into alternative energy…for an upcoming rotation down the road a bit.
Thanks to all that participated this week. See you after hours.
OA
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scored huge this week. rotating some gains into $KMI as a laggard
Very busy day for me:
Closed $AMBA
Sold that POS $TOUR (June)
Bought $PYPL calls (July)
Bought $ZIOP calls (July)
Bought $KMI calls (Sept)
Still pissed about that $PACB. Glad you got in.
KMI, PYPL, RARE, and stalking BLUE for entry
We have the same taste. (Already in BLUE)
Rotation into tech soon after energy? Consolidating pretty tightly the last week.
That happened three weeks ago with semiconductors.
Jeff, do you see any catalyst for a 7%+ market decline? Can Brexit make those kind of waves or would it be more of a weaker earnings scenario?
There could be some waves this month, but 7% seems too much.
Just picked up some GPS Julys to go with my JWN. Probably a week too early since I can see a pullback before heading higher but eh.
Got to love it when you have a limit order in for 2 days then give up and buy it only to see it move the next day to where your original limit was placed.
YELP looks on verge of a breakout.
OA.. why BIDU here? Looks like it can fall a few more bucks before reversing.
Because I thought the same about GOOGL and those few bucks cost me.
I thought the same way about AMZN before the 5 bucks cost me 250
$MEMP still worth a shot here since it hasn’t moved?
Anything that hasn’t moved is worth a shot.
Seen it. Done it. Thanks.
Chinese Burritos, RUT and Healthcare have plenty of room to run.
And that’s where I’m making my $$$$.
If you’re not in this space, you’re losing money.
Sold $POT for a better entry. Bot $WUBA calls. Looks exactly like $BIDU chart.
CLF is a run away freight train. Not to blow smoke up my ass but in two months Ive taken the ride from 3.60 to 5.60 (sold) and then 3.25 to 5.50 now (still own but the volume profile says this may be the top for now). Maybe my two quickest profitable trades ever.
The long Cliff 6.25% bonds went as low as 8 cents on the dollar in Feb., trading at 65 cents now.
Agg stocks look alright too if one expects the dollar weakness to continue. CF looks ok. MOS is testing its breakout. POT is testing its breakout. MON is somewhere in the stratosphere.
POT probably has the best volume profile.
SIG looks interesting.
I bought the dip – BIDU 170 NFLX 99 AAPL 100
trying not to be trigger happy here….looks like there is good upside
HABT looks ripe for reversal. Found a narrow base.
FL and HRL readying for move off consolidated base.