The news flow is awful…and I’m staying away this week as to not cramp my holiday spirit.
I don’t plan to do much this week, as the market should start to crawl over the next couple days. I did pick off a position in $FTNT…but anything you buy this week is likely to churn and go nowhere.
I’m reorganizing some long term ideas tonight, and will be making room for a few new plays as I take a few names off in my IRA. Really boring shit, but that’s where I’m at this week.
Curious if any of you have much that you plan to act on this week, besides some early holiday intoxication.
Ho, ho, ho.
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Trump gets historically non-confirmed through electoral college process. Stocks crash 2-4% next next with possibly more downside.
Dude, you’re back! I didn’t think I’d see you again with the market being up like 30% since we last argued it.
happy holidays to you and your family, jeff. Thanks for a great year.
You too, boss. Great work this year. Going to be a good one in ’17.
Never seen such headline risk at what should be the quietest time of year other than the dog days of summer.
Me..kicking myself in the ass for holding a couple losers too long and wondering why I didn’t buy a couple watchlist positions that have skyrocketed. Tis the season..
Happy holidays to all and thanks OA for your insights.
You too!
Good spot for a GPRO long here…
OA, thank you for all that you do and the interactiveness and responsiveness on your blog. It truly is much appreciated. Although some may be bored, I’d be interested in hearing about your long term ideas and IRA plans. I’m on the fence now of organizing my IRA as simply a income collection (it’s a Roth) for the next 35 years or so.
Either way, I hope you and your loved ones have an awesome holiday and a great new year.
Dividends?
Dividends, and then have some holdings in closed end funds that are selling at NAV discount and are below its historical average. My problem is that I’m not sure how aggressive with individual stocks I should be in my IRA.
NVDA could continue to streamroll so far…
Loved the Boot Camp. It was my first. OA has a unique way of making complicated seem simple. I am riding GBX into the new year with its 30% short and Tech OS friday and today with nothing but green in front of us. Or I may book profits and get drunk until 2017. Who can know such things.
Tech OB. Stocks are hard
Still feeling good about PANW here? I followed you into it recently but am starting to grow impatient with it. Thought yahoo hack news would be a catalyst, but nothing seems to move it up or down.
Yes, of course. I buy stocks that are consolidating prior to a move.
The stock is still consolidating…so I still have to like it.
Thanks for the reminder, great spot to pick this up
Here’s a stat for you.
Putting all of your money, all at once, on Jan 3rd yields better results on average than dollar cost averaging or market timing into the market.
What does that say about the average investor?
It says the average investor/trader who is active sells when he should be buying and buys when he should be selling. Have to work on this myself. A reminder that when we get a huge winner and it is doing well – rather than sell and then look for the next great winner we have to remind ourselves…we have a great winner – took a while to find one – don’t sell it now and hope to find another one – ride the one we have right now.
Make a plan and stick with it. Believe me, you will make a lot of money.
Sold SBUX puts for the churn and looking to jump on the NVDA train on a pull back
Bought June $fxe yesterday afternoon.
Eyeing that too. Which strike?
I went $108. Looking for at least $112 but there’s a lot of room above that.
Nice Im thinking I will eye maybe the Feb/ Mar. Chart looks ripe for a snapback.
$XIV is highly overbought. Time to sell longs IMO. I thank the stock gods for my ERX and XIV trades, but it’s time to sell over the short term.
OA, you bought SGY, it declares bankruptcy, yet soars. What a pick. Why is it up? Thank you.
Low float, huge short interest
OA, great analysis on gold. I will keep that in mind going forward this year as it wasn’t a scenario I had in mind.
Still have decent amount of VXX Jan/ Mar puts and recently picked up CMG Jun calls + some smaller positions. Not planning on doing much for rest of yr and taking a break.
Holy $PI. $NTNX too. The IPO’s could be a spot of action this week if you’re looking for some.
Bidding $ACIA options and looking at adding shares to that other IPO that shall not be named.
OA – the big trade for me going into 2017 is going to be focused around oil and small/medium cap techs.
Oil – It probably has based here. Russia wants higher oil as well as others. New administration with Rex and oil has to have bottomed here. My fav pick is XOM calls.
Small/Med tech – The biggest beneficiary of repatriation is going to be tech. Anything that is decent and struggling gets sold at 50-100% prem. HDP, FEYE, NMBL, etc. Recent IPOs may rally but anything that is less than 7X PS will get bought.
Thoughts?
My big trade in Jan 2016 was energy and materials.
You missed an incredible ride.
I participated in the ride alright :). No complaints this year.
I am just thinking out for 2017. I think the tech trade is probably the least discovered or factored in.
Have you looked at these charts? Find me one that hasn’t exploded higher this year.
I have a totally different theme for the new year, but still have the big basket of positions I took in energy and materials.