It’s been said that as soon as the natives start popping bottles, bragging on their newly minted stacks and shopping for new bling, it’s best to prepare for a surprise prison-sex style move in your portfolio.
The kind where you can’t quite close your mouth yet from the laughter and cheering, before you get a mouthful…
Of losses.
Might you take a small piece of your winship, and insure yourself for a rainy day. That way…you are fully prepared for all the “what if’s” that the future holds.
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Yea, sold off a bunch of winners and some marginal losers cuz I was getting too confident, talking up how much my account is up. I’m my own best contrarian signal. Buying back in on a fresh bunch of losers dips. Just bought JMEI and CBG.
ATI still squeezing higher (while i watch on the sidelines wondering why I didn’t put a note somewhere to put this trade on…..one of the drawbacks to listening the AHWOA while driving home from work).
same deal with me on friday.
At least I don’t have to worry about an exit strategy……I would have sold this morning and then been pissed all day
Closed a portion of my $ATI at 800%. I am at a higher cash position than I’ve had in weeks, as a result of closing positions and being really selective about adding new ones. Trying to have an umbrella ready for a rainy day.
A couple of interesting earnings plays this week: $CELG, $BRO (short), and I keep staring at this $ERIC today.
(also, full disclosure, I caught myself absolutely patting myself on the back today – that’s why I made myself close part of my $ATI)
Will someone please tell RH that retail is up today. Same with YY and YRD in China names.
PBYI looks ready to rumble if Bio holds.
good call on the sentiment location – in this space, yes, euphoria seems to be where we are, but is this the case in the general market? Tough to say….Does the sentiment that you see on your space here reflect what is widespread in the market? I suppose the question is, are you a contrarian on the sentiment of your viewers?
Most of it is because my conviction idea went apeshit to the upside. Top mover in the market.
4 ANALysts posted sell recommendations for ATI in last week. Who listens to these clowns? God they suck.
No, they did that to accumulate before this move.
Good point OA. Thank you
Still feels like more people out there calling a top and a pullback first
ATI had me seeing stars all day I didn’t even see my PHM popping…. another OA idea working like a charm, although I timed that one all on my own. PHM was my favorite chart of the bunch right after the boot camp concluded.
See Jeff? I do listen to you, even if I don’t always full grasp what you’re saying, lol.
Does The Fly fits your “Native” description?
Nice call on XBI “double down” yesterday. You grabbed the bottom tick for the day.
so, as part of the VP homework last night STX caught my eye. however earnings were this a.m. before the market. Right now its up over 22% which is over $8. I need to hurry up with this screen.
That gasman find from last night is looking great
Closed out $ERJ for a triple.
LN was looking so good, then did a reverse ATI…calls still god through Feb expiry though…
I’ve been waiting on this breakdown to buy.
funny you should say that, I was looking at adding at much smaller prices…but hadn’t pulled the trigger yet.
In these patterns, that break of a low is the best entry point.
you giving it a day or two first?
EMES is on a tear – catch up move to the other frac sand players
got more of the zone – $AZO and some of gasmans pick right at the open
OA, any thoughts on Solar? Short squeeze potential but not sure if it’s the right time yet.
Wait another quarter, or two for a trade. Invest here if you can see the future.
Thank you sir.
Grabbed RH, YRCW, GILD at open…
Bought ACIA
bought PLG
PLG is up against a very long trend line, nice pocket above, huge upside past pocket above Blue skies.
OA – Its tiny but what do you think about CBMX?
SHOO looking ready to move.. tight wedge with nice profile. Simple to manage.
LPCN is cheapie with wedge that’s beginning to move.
Did Trump make a biotech tweet?
volume spikes in the biotech ETFs across the board – no real movement in biotech names that I could see.
CREE exploded off the open but came back to earth a bit. It’s sitting on the ledge of the volume pocket.
Is this the “shelf” you refer to? Where a breakout is supposed to pause?
OA-
What sectors still need screening for AHWOA?
Russell isn’t at new high…might be a good time to trim winners?
but it has broken out of its trend – still wait and see Not sure I like these islands that have formed though
You’re discounting tomorrow
yes, I suppose I am….I am more of a pessimistic person
FB has finally stopped lollygagging. Get back up there you lazy son of a bitch.
Earnings next week will be fun.
I am in love with $WBMD. Will get longer term calls today to negate earnings risk.
Also like $MEET.
And considering a hedge, but undecided. I’ve raised a lot of cash in the last couple of days, and that may be enough. Looking at $BRO, $SAIC, and I’m stuck on the regional banks as a short but not sure the market agrees with me, so I will have to respect that and watch the next few days’ price action.
Wow those both look good, especially MEET
How does this WBMD setup differ from 2007 and 2011?
This doesn’t look nearly as steep to me, and I like the bottoming action much more now than in 2007. But I recognize what you’re seeing as well.
Followed you on MEET, that looks beautiful.
I’m waiting for a small dip in $MEET. Want to see it try under $5 one more time. But I’ll be there too.
You going common stock or options? I hate trading thin options but the May 6 strike looks interesting
xbi looks pretty coiled on the 1-minute chart
what about the 30 second chart?
Roughly half as good.
Now it looks like a slinky that got stretched too far.
Begging for a move
Tweet risk is high with XBI
Look at FRO bollinger bands constricting…