iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,785 Blog Posts

KEEP THEM ENGAGED – LET THEM GO QUIETLY

The stock is quietly being held here. Please, bears…double down on your downside bets.

The more action you take now, the more significant the chase from here.

This early move was enough to quiet the crowd, but the stall during the second half of the day was enough to leave bears engaged and not quit positions. Again, very twitter-esque.

The turn is a quiet process, not an event.

Bears get popcorned tomorrow.

If you enjoy the content at iBankCoin, please follow us on Twitter

44 comments

  1. Comella

    Not sure i have ever seen so much negativity towards ones stock… especially a new stock like this $SNAP. Looking on Stocktwits and Twitter feed is unreal. “hope they gap it up so then I can short it down down down… into the ring of fire!!!” lol.

    Loaded long with you. I told myself after $TWTR and $TWLO that next time you have that much conviction, I am not selling as early as I did with those ones. LOL

    Fun to watch for sure… this process should be quite fascinating at least.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. mongoosereflexes
    mongoosereflexes

    Was there this much negativity surrounding TWTR when it IPO’d? If I recall, it was not as negative as SNAP is at this moment, but I can’t remember for sure.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • tonka

      I feel like people didn’t question TWTR’s long term viability as much as they are here. That stocktwits feed is a firehose of negativity. No idea how this pertains to the trade. These sentiment trades always look like knife catches to me…but I’m working on it.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • Option Addict

      It was worse, but never seen anything like it.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. kamel

    I remember when OA doubled down on TWLO in the low 40s….got denigrated roundly….until it kept going up and up. I wasn’t here for the epic TWTR call.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Beechoo

      ahhh yes. TWLO was an amazing call. I just wish I wasn’t so greedy at the top and sold all at 60 instead of half. now bag holding for me.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  4. kamel

    I just got a targeted FB add for a free 2-day options workshop…..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. C. Montgomery Burns
    C. Montgomery Burns

    That is an evil prank. Ex-cellent.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. ferd

    Curious: Do you think such a move, if it happens – happens organically? Or will some institution/fund trigger it?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Option Addict

      This is simply a bear trap story. It will be an instrument to draw in a crowd, just like twitter was. The market triggers it. It just happens to have more eyeballs on it than all other stocks combined.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Husaria

        With the skew index through the roof, whole market is looking like a bear trap, but with a kind of eerie feel. Maybe just sideways chop.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  7. dragun

    OA, talking about leveraged ETFs. How long are you holding them for? and aren’t you worried about the daily reset and grind on them?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Option Addict

      I’ve held LABU since 2015.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • dragun

        interesting. I just find the daily resets are killer. as prices move up and then if you have a down day your down is from a higher price point potentially leaving you under water from the previous day. eventually the grind can also cause reverse splits.

        btw you probably know that on the retailer ETF there are options.

        cheers

        planning my exit on next weeks expiry for SNAP and hopefully be able to roll up some more aprils.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  8. dragun

    OA, you ever trade the open, or you let things settle in for half hour or so?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. zephler

    do you think it revisits it’s all time high?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. ThomasJefferson

    I closed out $LVS for about 250%.
    Watching $WFC. If it doesn’t hold here I may take gains and keep raising cash.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • cascadia

      You’re rolling over to cash now?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • ThomasJefferson

        When I get on a hot run, my strategy is to sell big gains, and then only re-invest 40-50% of the principal into longer dated positions or quick trades. So my success automatically builds up my cash position. Then I deploy more aggressively into spots where I’m more comfortable and have better conviction. I find that my average hot streak duration would only have 2-4 weeks left and I’m trying to get more proactive defending against draw downs. (On a personal level, I also have less time to mind the markets into the spring & summer months so I try to have less to manage then.)

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • cascadia

          Appreciate the thoughtful reply. When you’re going to cash, you keep it in cash or you roll it into a yield vehicle? I imagine that waiting for the moments of conviction for full deployment can take 6months to a year at times, depending on how large a pullback you’re waiting for.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  11. dragun

    thoughts on AAWW? looks like good volume support at current levels

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. vandamme

    Buy DEPO here

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. ahadbi

    im really scared fwiw

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. ThomasJefferson

    Well, I went out to do my taxes, and my $TWTR order hit. So I’m long that particular name.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. burrito land

    double down on my twtr today as well…hopefully a 10 is coming soon!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Z

    Next week near money SNAP calls do look good

    • 0
    • 0
    • 0 Deem this to be "Fake News"