Just another friendly reminder. Camp kicks off on Monday. If you missed the announcement, make sure you get your ticket now.
Here’s a quick look at what I have planned this quarter…
- Monday: 2017 Review – What My Past Boot Camp’s Predicted and What’s Next to Come
Tuesday: Downside Risks to 2017 – The “What If’s” and How to Properly Predict a Correction
Wednesday: Out With the Old, In With the New: 2017 Market Rotations
Thursday: A Historical Look at Market Sentiment Shifts
Friday: The Very Best Longs and Shorts for 2017
You won’t find a negative review on any of my Boot Camp presentations. Not even from the trolls. If you’d like to be ahead of the market this year, sign up today. Email [email protected] with questions.
On the day I sold my position in $NMBL and took some $QCOM calls this morning.
More later,
OA
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Looking to buy 2 more equity positions for mid- / long- term.
Shopping my favorite profiles in Asset Mgmt / REIT / Tech, I am down to:
Asset Mgmt:
$CG (for sure)
REIT:
$DS
$ARR
$RSO
TECH:
$SSYS
$CMTL
$RUBI
Any fans of any of these guys are welcome to opine.
Have a feeling my mom will be calling about SNAP soon.
Wanting to sell?
Probably just to complain, but they are in it as a long term hold. Called me the day of IPO saying her and her friends had all bought SNAP. It actually surprised me.
You have to relay that phone call. I bet it comes sooner than later.
Was this how the market reacted during your epic TWTR call or is it still too early to tell?
Nah, it was a few weeks of complete lack of interest. It was awesome.
Tepper might have just saved me that phone call.
I missed it. He like SNAP?
He bought during IPO and sold some during high $20s. Says it has a hold on young people. Would love to buy more at offering price.
http://www.cnbc.com/2017/03/08/we-bought-snapchat-parent-on-the-ipo-legendary-investor-david-tepper-says.html
I have to tip my hat to SNAP. Beautiful how it drew in all those millenials, and then lit them up. Perfect execution.
Not going to my weight watchers meeting today. Instead, woke up hungry
SFM – definitely a flounder of a chart https://www.youtube.com/watch?v=KYl7sxQIHGE
EAT
(long)
Food names are not the way to go as I am not finished shitting out those worthless SHAK calls.
Other things to like-
this AVGO bounce
and the end of the week gamble is AMZN
You should come back bro.
I know you miss me.
SHAK is at the bottom now, not a bad place to try some calls…
When are oil stocks going to bounce. frustrating…
$XOP just filled it’s gap and at the bottom of a declining wedge pattern. I’m thinking soon. Bought April calls.
$XOP in denial?
Was there ever aversion?
Panic – end of ’13/beginning ’14
Discouragement bottom – beginning ’16
Aversion – Happening now, Target $32.21-ish
That right?
All pretty subjective. Was just trying to get you to think of multiple scenarios.
Coming out of Feb ’16 is where I get thrown off, everything before that is textbook.
We could be in anxiety right now.
If you go by the chart, the equal tops of this bottoming trend didn’t happen until 11/23…
$XOP never dropped through. It traded sideways in ranges, but a characteristic of aversion is an “oh shit I bought too high” sell off. Kinda like all these materials.
denial? this feels like its been a bigger pullback than just denial
Snap anyone?
QQQ Mar 17 132 calls @ .25
sooo….when does turnaround Tuesday start?
Right about now…
they’re not hearing you. haha
They’re trying really hard to push it down right now. Deluxe leg sweep.
SPX filled it’s gap from 3/1 here at the close. I don’t think you see much lower.
I’m putting on a self-imposed dunce cap and sitting in the corner talking to myself.
Hating my materials/energy/retail/Trump Trade/ portfolio right now.
All the cool kids and their shiny semis/disk drives/big tech are pissing me off.
Holding because I know Mr. Market wants me to sell off and move to shiny objects.
Such a fucker- like a giant Nigel Farage laughing at me while smoking and setting my Pounds on fire…
Guess I’ll keep petting my $MEET until things come back my way.
I assume you’re holding on to MEET for now? I have March 6s and May 7s, will probably look to close the March leg at some point this week.
With QCOM – what made you get back in today? Was it just the amount of time passing in a tight range?
Are you asking my son? Want me to text him?
Mmm… fair point. Shoot him the text for me?
Interested to get his thoughts on that QCOM as well.
Why would he have an opinion on $QCOM? He’s thirteen for fucks sake.
You and I can chat QCOM though.
We will have the mother of all corrections coming up soon. 30% cash headed for 50.
Are you looking 5-10% correction, or deeper? Thank you.
he’ll let you know after it happens
The market needs a meaningful correction to keep the bull going. Right now we are experiencing a slow bleed out, obviously smart money is selling on strength. The folks that sat out last year, dumb money, are piling in trying to capture profit but this is not good because these folks will bail fast if there is a slight downturn causing a rout.
The next Brexit type event will provide a good opportunity to reallocate into the market.
5% is a good start.
5% is like the ‘bosses secretary’ of all corrections.
Anything to relieve the pressure that has built up. You can’t say we are in a healthy market right now, that was last year.
Remember when FB took the wind out of the markets sails when they went IPO, SNAP has somewhat the same effect. I’ll be all over it if the IPO busts.
Appreciate your thought always. Thank you.
Added to WUBA and QCOM
OA you like TGT here?
When it stops going lower, it will stabilize for 2-3 months just like all the others did.
it probably won’t happen, but a move below 55 would be awesome for a long term stock position. Immediately sell a covered call and start pulling cash from it.
Need anything to save this wretched action I’m oil lately
Closed my $XBI calls at $71 for just over a triple. I’d have liked to give them more time but I didn’t want to mess with expiry week.
Got $CG shares today and looking at $RSO options. I think I’ll have to go long term on those.
My new watchlist:
http://finviz.com/screener.ashx?v=211&t=ABEO,EBS,EDIT,FPRX,IMNP,INTC,LRN,MRTX,PTGX,VSH,NFLX,IBKC,MMYT,FARM,PFPT,TS,WWE,CALM,CVI,DKS,EBMT,FIVE,INSG,LULU,PI,PJC,TSCO,DEPO,JMEI,KGC,NAT,SLW
That’s a nice list hattery. lots of interesting setups.
Billy Paul would be proud.
Me and Mrs. $JONE got a thing- goin’ on…
https://youtu.be/mWOTdt9Bovk?t=26s
Long $UAN
Pain trade still appear to be up?
Are you fully invested?
You must know that the moment you leave a comment that is not anxious in nature or fishing for reassurance, I’m going to cash.
haha. wow. oil. yuck,…
There it is.
Thanks for the reminder, signed up.