iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

FAILED ACTION IN #FANG

Notice the moves in $FB, $AMZN, and $GOOGL today.

2016-08-09_13-51-45 2016-08-09_13-51-05 2016-08-09_13-50-46These stocks showed strength early and backed off. Might not be much to draw attention to, as lower time frames look constructive. But AMZN and GOOGL trying new highs on fumes is interesting. They did the same exact thing in late December.

Personally, I’d love to see that money rotate elsewhere. Like my $TWTR.

OA

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28 comments

  1. Sean

    OA, did your FSLR stop order hit ? I set my order 40.50 as recent low, which look like
    coming shortly. Feeling pain after years of attachment, but stop is a stop. Let us know when you said Sayonara to FSLR. Thanks.

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  2. Cascadia

    I’m trying to get long on solar, not sure whether to add now or wait for another leg lower. In a market of high multiples, solar could get major tailwind with another democrat in the White House.
    That being said, is anyone shorting VWDRY? Looks long in the tooth…

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  3. MSGT HARTMAN

    FANG is now GAFT

    How can GAFT be running on fumes if you are saying this is like 1998. We saw MSFT, DELL, CSCO, INTC explode in 99.

    BURRITOS FOR THE WIN.

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  4. philsy

    $ASPN Weekly has a nice look to it.

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  5. Jewishmantis

    Greetings from Europe. Been watching you guys and taking some profits but been playing a little while in boring Vienna.

    Long story short bought FSLR at 41 with a mental stop around 39. Didn’t think it would get below that fast. Quite a move. Good tidings to you all

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  6. Bchu12

    Wow. Solar is toast

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  7. traderconfessions
    traderconfessions

    Nice call me on DIS…

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  8. heckler

    BABA – nice stroke before earnings tomorrow

    I actually picked up some NM – wish me luck

    watching FCX for a place to get long

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  9. Decrima

    OA, I followed you on the BABA calls, it looks like it is breaking out of recent range. Do you have a particular price target you’re looking at?

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  10. heckler

    picked up some RIG for a trade and watching ECA here it’s getting close

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  11. magnum

    Thoughts on FIT here? I saw you were looking at it recently. Biggish move down today on good volume but seems to be holding the bottom of flag range at 15

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  12. heckler

    pretty much see this move in oil as a gap filler and I’d be surprised if we see $40 before we see $44

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  13. notkidstock

    Scratched on UVXY….wish I held the BIS.

    Started long position in RH

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  14. philsy

    $RUN Anyone heard of this co? Reports 8/11 Interesting chart

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  15. notkidstock

    Added to RH….26.65 avg cost

    Liking the location of X and STLD

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  16. notkidstock

    *29.65 avg cost….fat fingers

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