Sorry for the lack of action here on my part. This computer situation has cost me the day and will keep me preoccupied tomorrow to get everything resolved.
After Hours with Option Addict members, we’ll meet again today, but not tomorrow.
Thanks for your patience.
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The tape is depressing; lack of comments is to. Finally got my VMW breakout after my options expired. CRM can’t get above resistance at 76
Agree. Depressing tape for longs. Hopefully this means bottom soon
anecdotally, anyone getting the impression that would-be buyers are holding off till the election?
yes, I get that impression. that seems to be going to OA’s one side of the boat analogy…of course, I am on the side with everyone else, so there is that.
Absolutely. High-end real estate market at standstill too.
Are you looking at stocks, your local market, or national numbers?
Plan for AMZN – if at any point it is down after the open 5.5 percent or more – get this week’s weekly puts and add next week’s weekly puts if it gets down 6.5 percent or more. Then sell the original purchase of this week’s weeklies once it hits down 8 percent or more and carry next week’s over the weekend or sell later in the day if AMZN really comes apart tomorrow. Of course – the whole trade is based on the threshold of first being down at least 5.5 percent. Being down around that much or more for an equity after an earnings is usually indicative that it will usually be a session of holders trying to get out of their shares rather than players trying to buy a dip.
Bought TGT…Can’t remember the last time I bought a retailer. Do like their cheap T-shirts.
I did the same, bought WMT earlier this week too.
Next on the list is healthcare and biotech.
Only two companies will survive the Retail Wars. AMZN and WMT.
BABA may come in and pick up the pieces if the price is right.
You’re assuming that Target can’t pivot to where profits are and where their strengths are.
TGT is carving out a great niche in departments that don’t lend themselves well online- home goods like furniture, towels, sheets, seasonal items, groceries, and furnishings. Many people prefer to pick these things out in person and I think that’s where they will shine.
Their appeal is also across age groups which lends itself well to success, something many new and existing retailers are struggling with- broad appeal.
Nice PR release, give yourself a cigar.
Haven’t seen any comments on biotech lately. XBI is at the multi-year trend. This selloff maybe over done, worth a shot to take some LABU.
Just nabbed XBI, good volume reversal at the trend bottom, I like it.
TWLO longs and locked up employees are learning first hand how IPO’s operate.
As if they didn’t know, maybe hoping this time would be different.
I’m not generally a “knife catcher” …. but when I do, I buy 38 strike earnings calls on TWLO to lose 30% in minuites on my trade…
Have you not been watching TWLO officers exercising their options? Not that this hurts them monetarily, it’s the optics.
And it shows how stupid and/or uncaring the officers are in the well being of their company and employees.
I’ll bet the lawyers have the class actions warming up in the bull pen.
duh. that’s why I waited. this is a classic SHAK chart set up.
This week lots of longs got stopped out or booked some small profits.
Only long BIDU, HMSY and took on XLF short at close. Slightly net short.
For those interested in politics, I made another post in Barry’s Basement today.
http://ibankcoin.com/barrysbasement/2016/10/30/lock-her-up-sure-makes-me-think-of-crucify-him/
As I mentioned before, I am still banned from commenting on Fly’s posts, so I can’t let folks know about my posts on the main board.
Drain the swamp
Whats the over under of $TWTR being bought out before the years end?
Politics free zone please.
Selling in twlo has been relentless. Unreal
I guess the 67% of the float that is short is truly smart money.
Wow, is it up to 67%?amazing
My account resembles that remark.
my LN calls -93% very nice. lOL
YY again couldn’t penetrate its declining 5-year trend line. Fascinating.