$NFLX pretty strong off the open. This pattern has been setting up all year, and $97 seems like the breakout spot.
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Joined Aug 2, 2009
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Everyone loves a good wedge! Currently watching NKE, LGF, JRJC, DIS, BOX which also have some nice wedges; and FCX, BABA, YHOO on the lower time frame wedges.
About time for a motivated buyer to get started ahead of the Fed announcement.
How can the Fed possibly ever significantly raise rates with $19T in debt needed to be refinanced in the future? I don’t know the maturity dates for the debt, but we aren’t running surpluses everything month.
Don’t overthink this….and buy back TNA
I’m still up to the neck in $LABU. We had the retest last week and I thought I was good. Still holding.
Like the prices on NKD now Jeff?
I could buy this all the way down to 16400.
Asshole Kidstock
One word out of your filthy mouth that I deem indecorous and you’ll be receiving a full ban hammer for life.
My intent is to add value here. I have not disparaged you since my return nor did I intend to infect your vacation.
Fair enough. Ban will be lifted. Try not to commit any more terror attacks
Thanks
Waiting to hear people start comparing this downturn to last Augusts fall…
why did this end up in here? Geez
BIDU is coiling up again – but hard to get excited given the past 6 weeks.
Bot BABA Aug 105’s @ .04 YOLO
BAC buyers are chewing thru $15 ceiling similar to BABA $85 buyers
test
VRX is todays market leader…..
what could possibly go wrong
What do you think of $GILD? Thinking about buying some Sept $85 calls.
I own it.
In fact you knew that because you asked me about it two weeks ago when I bought it.
You have the best memory of anybody, Jeff. That’s great.
Drives my wife crazy. Trained to observe.
VRX strength is a very good sign…bought back TWTR @ 19.98
Welcome back from the witness protection program
L M A O
$nymo oversold for a grinding upward market
you like EEM?? ok, just playing. let’s enjoy this pullback opportunity
Jeff,
I have a big position in MBLY. Would you add to here or would you just let it play out?
Thanks,
SirWellington (on After Hours w/ OA)
I wouldn’t add here, especially if its a big position.
Lot of confidence in this one?
it isn’t my biggest but still 10% of portfolio… i wish i could say i had more confidence in it but i definitely don’t… how do you feel about adding to TWLO right now?
I am also looking to start a position in RHT today possibly…
Just added to my 65’s for .35. Will know in the next 10 minutes if its going to work or unwind.
Thanks Jeff. You’re the MF’in man.
I still like the trannies. Might go with NSC here
PYPL and V buyable here
Why V now? Up against overhead resistance. Wouldn’t you wait for it to clear resistance or pull back to bottom of current range?
Looking to buy best of breed financials here…premium is cheap and risk to reward is manageable. I prefer to buy ahead of breakout. Stock has been well bid since 78 and now that the Fed is out of the way, the stock should move thru prior highs without much effort.
Interesting, thanks for the thoughts. I like the “premium is cheap” aspect. These two are my favorites in financials at the moment, though I hold some SQ.
Closed my Aug $FIG’s right at the open for a triple.
And took the gift in $URBN for not quite 500%
The other side of the coin has $BOFI and $CF earnings trades going out as zeroes. And I have completely f*d these $MAR 72.50’s by leaving two shots at $73 on the table.
I have blown out bets in $WBAI, $ERJ, $VRSN, $FSLR and $CHRW ER. Can’t wait to see them go.
Bought $POT calls for September. Another nice little wedge on the daily. Bid on some $CARA stock.
If you like POT, IPI is an even better play…
On a day like today, last year I would have said screw it all and sold everything to salvage what I could – mainly due to emotional trading (almost always sold at the lows), not having a plan, and having positions that were too large. Took a while but definitely have a much better trading strategy for options and makes waiting through days like this bearable. I still may be wrong, but so far my thesis for why I bought the stocks is still intact, so I hold. Emotional me still wants to sell, but I can reason beyond the emotion and keep my trades on. Also, buying more time has helped
Sorry OA, did I understand correctly that you sold your FSLR position?
What made you think that?
Sorry, you said you have blown out bets in FSLR. Did you mean you sold or you have massive longs in those?
You trade options at all?
Sometimes, why? Don’t mean to be dense. Could be a language barrier thing. What exactly did you mean re: first solar?
A call is worthless. We were discussing options and earnings.
Thanks for the clarification. Terminology can be confusing. The most confusing is twitter with abbreviations. Someone says BTFD. Bears will read Break the F down, and bulls read buy the F’ing dip.
That’s a good point. I usually try to avoid slang. Good reminder.