$WDAY starting to absorb overhead supply here, making its first prints above $85 since shitting the bed at the open.
Again, a close here is important. I need a definitive move through $85. This matters for tech this week, IMO.
I bio-bought a bio-wad of Aug26 287.5 calls on $IBB, as the carcasses of bio-longs are discarded into the street.
I need this gain to pay for a bio-loss. Or four.
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Congrats on WDAY –
TWLO here under last Friday’s lows?
I still like it…volume today is half what it has been
Yep
Bought 60 calls @.$90
Sept 60s
You had me at biowad.
They’re trying to break VRX – and cannot. Biotech / IBB sticks here…
Descending wedge on $TWTR (60min) looking good; adding a call position here.
Whatever happens, tomorrow is going to be interesting.
Fuck biotech(Even though I have only my poor position management to blame). Good luck to all those still in it.
P.S. and yes, I did see the late afternoon big bounce after I capitulated.
Sorry Noni that sucks we were all rooting for you
haha, sarcasm?
I’m being serious. Also, fuck biotech I’m with you
This was all a shit show. It sucks for sure. I think both sides will get burned on this though, based on some observations we discussed in AHWOA today.
Heckler,
If you’re still long, then trust OA. The cat knows what he is doing. Part of my problem was that my position size was too big, as well. I’m sure Bio has bottomed now that I have exited.
That was obviously a bull trap in the morning, maybe the selloff after the morning was capitulation, that’s when I exited, then came a big bounce in the afternoon.
VC’s and underwriters make tons of money on Biotech. In the IPO’s I have been involved, most bust. The smart scientists don’t sign the lockup and walk away with millions. Of course they are hated by the VC’s and banks and instruct the company to fire them as an example to the rest of the sheep. Yes they do this, as slimy as it seems.
Only fools pay retail for this horseshit. I rec’v ESOP’s, ISO’s and grants so I can control the profit/loss.
You live by the Biotech, you shall die by the Biotech.
So what kind of Google word search were you running to acquire that title picture, Jeff?
Imagine the wife scrolling through my google search history queries and stumbling across:
“HEY, LOOK AT MY BONER”
You basically have “google immunity”
… “Oh that? It was for work.”
Bot FIT next week’s 16’s
Let the games begin!
Couple YOLO ideas
SBUX 58’s
NFLX 100’s
Picked up next weeks KMI 20’s
and KORS 2nd week Sep 52’s
*KMI 22s
Buying CMG around 396 was the easiest trade of the year. I was maxed out in other winners. Hope someone grabbed it.
well done. I was a week early
so, all this build up and nothing really happened….everyone can return to their desk and enjoy the fade