Odd, but this $SNAP IPO is developing the same way $TWTR and $BABA IPO’d. If you recall, I nutted those two IPO’s for B.A.W’s.
In a week or so, there’s a great long entry from the high teens we’re going to discuss in pretty good detail. For now, let it drift lower.
What I’d really appreciate is that if you know of people that bought this that really have no business doing so…family members, friends, parents, co-workers, etc…please query them on this as it grinds lower and return and report.
In the meantime, I bought more $YY calls, $DDD calls, and $TWTR calls today. I booked my $CMCM calls as well for a 500% return.
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Jeff do you see XLE going to all time highs this year if we can get $wtic aka oil to stabilize in the $50 -$60 dollar area. Thomas Lee is really calling for energy earnings to pick up in the 2nd and 3rd quarter this year.
I like energy later this year, yes.
Shhhhhh…$JMEI so sleepy.
Testing July ’16 lows with little volume.
Picked up Jul APA calls and looking to add energy names soon
Added XOM Jun calls and some XLE calls expiring this wk
Rolled some $CMCM proceeds into $DDD, leaving the rest in cash. Stalking long term $F calls for LT option account.
Looking at breaking one of my rules and adding to $RUBI earnings calls. Hoping for discipline, because the last time I came close, the company was down 15-20% off of the report. Which is why you have rules.
Hope you didn’t break the rules!! Are you a buyer down here at 6.40?
Family still has not freaked out. Probably because SNAP is in their IRA. They all think it’ll give them FB like returns eventually.
My financial advisor friend traded it and sold once it broke $29.
Then why didn’t they invest in FB?
They did.
You’re not understanding how this works. CA companies go IPO, destroy sovereign wealth funds. Sovereign funds avoid American investments, go to China and Japan. (Or, if you’re KSA, you go to Japan and let them invest in America.) World power shifts to the East as America’s investment vehicles reveal themselves to be nothing but wealth and innovation transfer scams from the Middle East and Asian funds to American consumers (Uber, Airbnb, etc.).
or… America realizes it actually needs foreign investment and foreign oil for the next 20 years and decides to help smaller companies like Twitter, Snap, GoPro, and Fitbit exit gracefully (extra Nixonian Vietnam “strategy”). Patient shareholders are rewarded.
What.the.fuck?
You’re not aware that sovereign wealth funds are the ones pumping cash into VC funds and further rounds to sustain money-losing but consumer-friendly operators like Uber and GoPro?
Heck, the Middle East will have flying cars before us because of the tech drone transfer partly a result of ME sovereign funds becoming VC sugar daddies.
As for the Saudis going through Japan, you’re seriously not aware of the cash infusion given to Softbank’s investing arm?
I’m planning like a 2 week trade here. I’ll be just fine.
I don’t know a soul buying SNAP. Probably a good thng
Welcome to investing, millenials. -Jeff Macke LOL!
Hey OA, thoughts on ECA here?
I like $ECA
Bought short term calls on $CMG today.
Mulling over a position in $LULU here.
$GOOS IPO tomorrow will be fun to watch. It’s cold over here. Do you guys own a Canada Goose jacket?
No word on $SNAP, except for that high school that had shares. My best friend was a student there haha. Also, $FB just released a 24-hours-until-it-deletes share feature on messenger to beat $SNAP down.
I drink your milkshake.
*sluuuurrrrp*
I drink it up!
Bought some June $F, kind of like $PANW here.
I’m dipping a couple more toes into Options after trading only stocks for decades. I spent some time today reviewing your After Hours options classes. Learned a lot.
I was exploring YY calls today and noticed the elevated IVs didn’t fall after this morning’s earnings report. Will this adjustment likely occur tomorrow or is this simply an anomaly? Which date did you select for your YY?
If the SNAP IPO busts then we’re looking at a $9 target.
Won’t happen. Snap won’t hit 9 this year. Stop drinking so much, white boy.
So you paid retail for a discount company. Brilliant, Bumpkin.
Agree OA. FB followed same chart as SNAP. Let it bottom and buy.
Fuck you Frank, go find a friend.
I lost my keys this morning, if that helps. The only loss I’ve had this month.
Frank’s comment has been removed. Frank has been removed as well.
Poor Frank traded with me through an awful year in 2014, quit, then jeers at all the success I’ve had since he left.
Fuck Frank.
A friend got in the IPO at 12. Probably had to suck some cock to get the shares.
Got a little disconcerted when I declared I have buy stop orders at 11 and 10 when he shits the shares to me.
I’m thinking of VRX as a sentiment play. Leonidas Ackman capitulating is a great signal. The problem is the stock is probably headed towards 0.
was thinking the same thing but just for a quick bounce. Not a pretty chart though
TWTR usually does very well the week of LULU’s report – sort of an interesting connection that goes back to when OA you nailed TWTR when it went up around 25 percent in one week in December 2013 and LULU reported that week. That said – of course this idea can be back tested – I believe LULU reports not next week but the following week. It probably takes place because all TWTR sellers from TWTR’s previous reports are finally out by the time LULU reports each quarter
Good God, the trade ideas and investment theses here in the comment section are truly….terrible. OA, why the fuck have you not mentioned the Saudis going through Japan for the TWTR / LULU correlation trade?
I just figured everyone knew.