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

SO… YOU’RE SAYING NO DIPS?

The market won’t even muster up a 1% drop before stocks to ape shit to the upside. Please tell me that I shouldn’t be excited about this because “my market” is up a paltry 7-8% on the year. My stocks are moving +7% per day, being chased into outer space because all the “pro’s” positioned for recession…or even worse, didn’t have exposure to equities as we traded to all time highs.

If you own stocks, it is so hard to sell here. If you own something trending and you sell, they aren’t letting you back on. Most call that a decent sign of a bull market.

I bought $CMG and $MBLY calls in the first few minutes of the day. Looking to buy some $PCLN and add another longer dated position in $DATA.

What are you considering chasing here?

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34 comments

  1. riskonly

    I was looking at those DATA October Monthly 65 calls.

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    • MSPM

      Got some FB and GOOGL this morning as it seems FANG is back in favor. Looking at FEYE and that UA you mentioned last week. Also considering a GDX short a little higher.

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      • Option Addict

        All the chat rooms I follow chased these all day to the upside. Be careful of your company in here.

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        • MSPM

          Yep, noticed that on twitter also. Already out of most GOOGL, have 2/3 of FB. Thanks for the heads up though

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  2. matt_bear

    $DLTR?

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  3. marc

    $NFLX

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  4. LEE

    reload TWLO Sept3 60’s

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  5. moneyteam

    TWLO – Sept 65’s – I’m livin on a prayyyyyyyer lol

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  6. Thomas Jefferson

    $LQ is working on an awesome reversal today right at the lower end of the range. (talking my book of course)

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  7. Gene Minkin

    BLUE for another 10%

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  8. lplongo

    “what are you considering chasing here” ha ha.

    DPLO and KATE. Aiming to let gains in ASNA ride with a roll. Bunch of biotech coming up my screens so sold some individual names in 401 to go with XBI.

    Watching SQ, thinkign this is the fake a move to make a move going on right now.

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  9. baba

    you would yell at me. $R $NSC ($IYT components) are on my radar.

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  10. goose20

    Jeff I like TUBE what’s your take on this one? Thanks in advance.

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  11. Logan

    OA,
    Do you see this gold rally continuing into tomorrow or should i go ahead and sell my $AUY after a nice gain. The position is small or else i would play w/ the profits but i’m +15.5% on it.

    Thanks in advance.

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  12. Logan

    I was in right before BREXIT, sold out for a big gain. I haven’t touched any since then.

    I bought AUY this past Thursday.

    I’m mostly in Tech due to my knowledge of industry and several of your recommendations.

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  13. Logan

    Much appreciated.

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  14. matt_bear

    are the FCX calls going to expire worthless, then rip to the upside? I’m looking at the chart and how it’s quietly made a turn around. lol

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  15. MSGT HARTMAN

    Folks will have to wait for an earning miss at FB for an entry point. And when will that be, 150 – 200?

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  16. dae42

    Chasing energy names and $MEET…letting $HIMX ride.

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  17. iguessitsallin

    is anyone in $DIS?

    I am just waiting for it to soar, but everyday it just goes a little lower…

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  18. gatorsun

    HA HA guess who got his group in $cmg calls earlier today…hat tip Jeff

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  19. Tom

    Sold BABA, bot SBUX, still hold FB. Mainly cash, waiting dip which never come.

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    • Gene Minkin

      Thought about selling BABA calls but me thinks its got room to run. Have until Oct

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  20. chinese doctor

    bump

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