The $NYMO traded as low as -76 today, that I saw. Only checked in on it near the days lows.
Today, a good basket of quality stocks is outperforming the rest of the market. For this month, it seems that high beta growth has been torched while value/quality stocks have had the relative strength. This is why overall market correlation has remained low while the market has traded lower.
In other words, a rotation has taken place in these last couple weeks.
When a risk cycle gets reset, you have to immediately change your thinking. If you attempt to play a market bounce with your old favorites, those favorites won’t be as quick to respond. When too much damage occurs, time is required to heal and restore confidence.
If your thinking has already been to trade boring ass stocks….as you were.
Favorites: $TSO, $WFC, $PYPL, $SBUX, $TGT, $TSS, $CELG, $DAL, $FSLR, $ANF.
….and $TWLO.
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Lol @ twlo. It can’t go down everyday
Don’t expect a significant move higher until the offering is out of the way
$TWTR ftw
AL still looks good. Missed entry today in the morning
since DAL reported today, would some of the other airlines be a better bet?
I’ve been in SAVE for a while now. Been pretty strong
Son of a…. This $twlo is a motha. Added some just now. No choice.
crap…I think we need you to sell
I mean I give up!! Selling all my $twlo position. Can’t take this killing everyday. Dwindling all my profits away
TWLO makes it hurt when i sit down.
Where did you buy? $70?
all in @ $70.96…haha no before it ran up to $70 i bought Oct 60 and 65 calls separately around $2.00 each…they were worth quite a bit a few weeks ago, then poof!
What type of potential profit were u expecting after an instant 150% rally off a freshly minted IPO? another 150%?
I’m not pushing big trades anymore on TWLO. Easy money is over. Eyeing the new IPO’s, NTNX, APTI, etc and see if they tighten up.
Picked up Nov ITM VXX puts
BUY!
You thinking a big move coming? I hate jumping on fast moving trains.
@OA – whats your time frame on $TWLO? Nov monthlies?
Why?
Looking for a re-entry – since my first buy the day before the offering.
NTNX….a buddy of mine in the financial field, but not a trader, brought this up to me out of the blue the other day. What does it mean?
The ticker or the the meaning of this social experience, lol.
first buy was the day before the offering*
So, I made the call on this stock back at $32…you passed over this entire run?
As for your time frame, i would think as long as it takes without hitting your stop?
TWLO Nov 3rd earnings will tell the tale.
If they beat then it’s all good.
If they beat, they stop 10%. If they miss, they drop 25%
Drop 10%
Cramer and the other talking heads on the teevee have their collective panties in a bunch. That can only be a good thing
OA you like Sina?