I have some calls on $WDAY here. Bought them a couple weeks ago. Was a skeptic on the $CRM news, and some of the analyst action on these stocks in the last few weeks.
Regardless, $WDAY was smashing last night, and traded as high as $90 last night. Here’s a look at a 5 year chart and $WDAY’s return to glory, like every other fucking growth stock this year.
Where prices open is critical in regards to a profile. $85 is the level that matters. At the moment, we’re set to open above that. Technically, this makes me happy despite my post title.
$85 puts all traders in the last year in a position to react at the open. While the profile slopes from here, it also is the relative balance of 2014-early 2015.
Gap and go trends need to open above those balance levels. If $WDAY stays above $85, this is a huge positive from a technical perspective.
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Why aren’t you happy about it?
Because it’s all going to shit right here. Needed a solid gap above $85. This might not be enough for me to make out with a reasonable gain.
because $85 is not the strike he’s looking for.
AAPL falling Naz rising…
CMG moving well this week.
KORS starting to look interesting – 2 weeks of consolidation
Trying something new…buying near-er term options. Bot MU Sep 16 Puts
You’ll love it. Only way to trade. Why buy time you don’t need? Desensitizes the return.
what happened with SBUX? you gave this speech about holding and then bailed a couple hours later.
Holding this move in the middle is great for $SBUX. Great price action here.
I didn’t see that he had bailed on SBUX – I got the SEP 60 calls for .03 and am loving this position – my issue has been not buying enough time and gambling too much on weeklies trying to find balance
he posted at 2:28pm yesterday “Out of SBUX…into VRX”
Thanks – I saw it. I still like my position. I think that was a good sell based on it being oversized…. i have $200 in it…so I am fine to let it do what it wants
Jeff, thanks for WDAY- if you recall , I am long stock. Outlook into Friday afternoon? thanks, Mike.
If it trades and stays above $85, there’s much less “supply” overhead. We’re chewing through it now. Don’t have a strong opinion yet til I see the close.
i’m still amazed this market can’t go down
my bets for future investments are emerging markets and destroyed small caps,,..the large cap rally is long in the tooth imho
still bored
Yeah, you missed all the fun shit man. Good work.
made 20% on a JUNO trade in 3 days in july after the plunge..last trade i made…i had fun..lol
That’s more like it. No need to act bored when you’re making money. Quit being a dick.
I $GES traders liked the earnings report. 🙂 Only a half position though. Oh well, I’ll take it.
would I be chasing WDC with an entry here? remember, there are no stupid questions!
It’s not that bad. Not like the stuff I usually get asked. Like buying a dip in something that’s been up for 9 straight months.
$STX might try to break out too.
Covered NFLX…bot FIT shares.
I have a lot of commitments in the next two weeks so I bailed out of SBUX — stock is acting well. No need for concern.
Why cover NFLX. This is just the start of the move.
Of a move lower?
Why would it be the start of a move lower ? Did I miss something. Chart looks like higher to me.
He covered a short. You said “Why cover NFLX. This is just the start of the move?”
Your right. I should go back to bed.
Out $DG puts +600%. I was going to hold for more, but the weekly has just set the head of a gorgeous H&S. So I’ll re-load at +/- $86.
nice
I went long crude because I really like this wedge and jumped back into FOLD here at 7.04
Finally CMG is moving. Have a combo of common and Oct 400 calls.
SPLK is by far my biggest holding and im nervous about earnings today. I need a good move up that drags my SWKS and MBLY w/ it.
That being said, don’t you think WDAY could jump up if Splunk blows it out of the water (which they tend to do)?
Thanks for all your insight OA.