Despite the weight of market sell orders from all the expert “Johnny-Come-Lately’s” my stake in $TWNK has stood up to the pressures of lower for a moment stock pricing today.
This is still a great turn around story, and the momentum behind a Deep Fried Twinkie is nothing short of disgusting.
As a result, there are numerous reasons one should consider a splash of $TWNK for retirement. Mainly, the creativity and humor behind the ticker symbol.
On the day, I picked up some $CMCM, added back into my $CTRP calls (took half off yesterday) and shorted Gold. Gold could be something we discuss today I suppose. Raise your hand if you care to listen.
I have interest in drillers here ($ATW, $NE) like $YY and will look at picking up $ACIA tomorrow if it remains in the $57-60 price range post earnings tonight.
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+1 Gold
Do you ever add to high conviction positions?
All the time, yes.
Not enough pause here for you to add?
In?
Twnk
I added already. Now enjoying the “fruits” of my labors.
ANF attempting a leg sweep?
No.
Because its below the moving average?
A moving average?
A moving average!
Consolidation, then a nice bump, then rolling over a bit.
What am I missing?
If you can’t see the difference between the LVS chart and ANF, then moving averages might be a better use of time?
I needed to zoom out.
That’s one of the best pieces of advice you ever gave.
Always include that in the checklist. You’ll find the answer without needing to ask.
Like $YY, bought some short dated $CYBR and scoping out $VEEV and $NTNX for potential earnings plays.
I like OIH and GUSH here as well. Just cant determine if OIH fills the gap at 30
OA – what’s your target on SHLD? You obviously timed it perfectly and up nicely on the recent run. But is this more a medium to long term hold for the turnaround story or a quick trade. thx
I was early on my first buy.
I think there’s a bear trap set here, a-la $DB.
Wow. Very good analysis. Looks like its starting now
Any thoughts on USD/ gold correlation or lack thereof? I wasn’t totally sure and ended up moving a lot of my FXE long into GDX short instead.
Why would you do that? Euros to short gold miners?
Do you struggle to sit with an idea?
I didn’t want the trades to offset each other as the last 6 mo GLD/ FXE have been largely tracking each other. Also happened to have much more conviction on the GDX short.
This will have to be the post title of the year .. and pic to match!!
$JMEI is like a toddler that closes and covers their eyes, and thinks nobody can see them.
I see you $JMEI.
I see you.
In with CMCM.
hey oa -too early to dip buy in fmsa? wait for balance in the 9s?
Like $HCLP so much better.
Do you like it down here at low 18’s today?
Fittingly, the new Hostess chocolate cupcake ice cream is amazing!
QCOM wants to break out so bad I want to grab it and whisper to it, “Don’t be afraid.”
http://finviz.com/screener.ashx?v=211&t=AMRS,ACIA,HIIQ,NNA,P,PCYG,RICE,MNI,RNET,CMLS,MBII,OSBC,PULM,CMCM,ZAGG
My faves on that list are $RICE and $ZAGG
ACIA!
How do you like STZ here? coming back into “balance” ?
On a monthly, looks like a short IMO
Any thoughts on NVDA?
I’d only risk money betting on death to those that own it
Gold pretty much at resistance after today’s pop. Not sure if that matters
This move in BIDU…if this is the impetus to break the range, this could get fun over the next few months….
yeh I plan on buying at 170, great setup
at 170? I don’t think we get there
Might be right that would be too easy
If GTLS can hold back above 36, this could be an interesting play
Sold 2/3 LN calls. Retail making a nice move today. Wish I had had funds to pick up RH but was already allocated to JWN, TGT
Always a second chance with RH…
$KBR september.
In 1-3 weeks eyeing XBI, XLE/ XOP calls expiring 2 mo out
Also eyeing VXX puts/ put spreads down the line
Here’s the original OABOT picks for Trash stocks:
http://finviz.com/screener.ashx?v=211&t=ITCI,APTO,ASNA,BBRG,CRME,CROX,DVAX,FNBC,LPCN,MRTX,MCRB,ADAP,ADHD,ADVM,ARDM,ARWR,DGLY,DRAM,FCEL,GLF,LTBR,MRNS,RXII,ROKA,SNMX,TNDM,TNXP,XOMA&r=1
Thanks for this Hattery.
ATW looks ready
lol, what about yesterday morning when it was flat?
Round 2 i mean
Uranium has passed the torch to $GEO and $CXS. That is crazy price action, fever pitch.
Gold dancing right around resistance, – looks like it wants higher
been pretty relentless during this whole rally.
I’m forbidden from trading at work now…
Probably a good thing.
Just a note on BIDU – some people who were crazy bullish on UA at 30 and said it was a steal are loving BIDU at these levels. I compare the two because the price action today speaks loud that institutions didn’t want to lap it up like hot cakes in the mid to upper 170’s – otherwise it would already be in the 180’s. UA’s price action was also horrific around 30 yet by people’s comments you would think it had just gone from 30 to 35 in an hour. Also what the two have in common – they are both at the tail-end of their easy growth stories. UA’s core clothing is overstocked in Macy’s that are shutting down and BIDU’s core search business is stagnating. The easy fruit is gone for both. Do I think BIDU could stabilize here in the mid-170’s and rocket higher in the near future? Absolutely – but sentiment-wise the odds don’t favor it as the same people who bought 180 calls hand over fist this morning and instantly lost are the same people who are still bullish on the stock.
I’ll take the other side of that view around here.
How are you gauging sentiment in BIDU?
Still thinking QCOM hits that 55? Looks resilient.
I want to add to ATW, ANF, and TWTR.
A couple of interesting setups for earnings next week:
-$DPLO (I can’t tell if today’s price action makes it more or less compelling. I think more compelling, even if it’s a bit further from that massive profile).
-$GOGO (lots of volume above but this one feels like it’s going to be a mover)
-$FRO (and oldie but a goodie – someday)
Closed my trade in $SPWR shares today.
BIDU sentiment from Stocktwits and a few other blogs. Not so much the sentiment indicator on Stocktwits as the comments. It just came to mind that as I read the comments one might have thought BIDU opened at 175 and took off instantly to the races to 185 similar to how when I read the comments on UA the earnings report a few times ago when it more or less was stuck at 30 afterwards one would have thought it had opened at 30 and shot straight to 35.
That said – arguably I see how BIDU is stronger on many different levels than UA was/is – just the similar denial of the price action for both the day after earnings stuck out to me.
I also don’t plan to play BIDU any time soon as even though I think the odds might favor the short side more than the long – I think it will be range bound 170 to 190 for months.
You think this AFTER a move down like this?
On another note – I believe the next few months – March and April – will be two of the most boring months to trade the stock market in many years.
Okay – gave in to have the skin in the game – next week BIDU put position on the break below 175.2. Simply playing for 170 test or weak open – nothing more.
I just bought March calls a few minutes ago.
Sold TGT for +2.5%.
AMZN continues to suck all of the air out of the room.
OA – we might both win although you have more time to do so. At one time I played more your style and I’m trying to get more back into the zone of getting good entries on the long side of stocks before the moves become evident to all. As you know – I flipped on my opinion on BABA earlier in the year – joined you long – held through earnings – and did well. I’ll keep an eye on BIDU to do the same after I either win or lose next week. As mentioned – I’m playing very short-term to flip out of the position on weakness sometime early in the week as I think there is a good chance it takes out weak hands one more time sometime next week.