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

OA BUYS: MELTDOWNS

I took longs in $QCOM and $LVS today, as prices this low can only mean one thing.

Booked some gains in $SOHU from back in late Dec, have an oil long from $52.40 I plan to book later today, added to $BIDU and might thro’sum’mo at $VEEV.

As you were.

 

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20 comments

  1. awanka

    This is the second drop in QCOM I’ve been waiting for. Initiated a small position.

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  2. zephler

    added $GTLS March calls, $VEEV and the psychotic $YY

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  3. matt_bear

    Like a Boss.

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  4. traderconfessions
    traderconfessions

    Bought SHOO off the tight wedge. Just a one buck stop easily captures the down-side risk.

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  5. velth

    OA, in reference to your Dow 20k post. I’m always reminded of ANGI with regards to sentiment. Having said that ANGI doesn’t look to bad on a monthly. Keep up the good work in AHWOA.

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    • matt_bear

      That was definitely the “top” for this group. That trade was up over 200% at it’s peak before going sour. People were practically disgusted with it the whole way up.

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  6. cascadia

    Bought PRLB, KORS, YY, and added to QCOM…

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  7. cascadia

    KNDI ready to make another move? Already up 5.75%

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  8. ThomasJefferson

    Got long term calls in $AMKR and $QCOM today (Leaps & Septembers). Both fit the profile of what I’m looking for these days.

    Also, check out the forming wedge in $SAM (weekly 5 year). Not sure if this is the low or it wants one more push down. I’m waiting to close a position to add anything new at this point, so I will give it a chance to show me.

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  9. bennyhill

    so 20k is the new floor?

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  10. AFlow90

    I know its too old mannish for you, but any thoughts on BMY here? It fits the meltdown theme.

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  11. zephler

    picked up a few YOLO $GRMN April $62.5’s for $0.05……

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