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

MARKET SENTIMENT WISDOM FOR YOUR $SNAP

For all the questions that will flow here about “where is this going?” and “What is your target?”…from here, I won’t really respond to these. I made my early calls about all this already, and I really don’t like managing the trades of others in this context. Therefore, from here…if you choose not to sit back and read what I am doing, just be…the…ball.

Ty: Danny. I’m going to give you a little advice.
There’s a force in the universe…that makes things happen.
All you have to do is get in touch with it.
Stop thinking. Let things happen…and be…the ball.

Ty: Where’s the wedge?
Find your center.
Hear nothing. Feel nothing.

Danny: That was kind of incredible, sir.

Ty: You try it, Danny.
Danny: Pardon me?

Ty: You try it.
Just relax. Find your center.
Picture the shot. Picture it.
Turn off all the sound.
Just let it happen. Be the ball.
Be the ball, Danny.
You’re not being the ball, Danny.

Danny: It’s difficult with you talking like that.

Ty: I’m not talking. Stop talking.
I’m not talking now.
Be the ball.

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59 comments

  1. Beechoo

    OA, is ur 2 day love webinar available via recording for those that missed it?. Thx

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  2. juice

    a great call sir .. one of many .. kudos

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  3. iguessitsallin

    Great call OA.

    Struggling on whether or not to sell the March 24th call today or ride the tsunami tomorrow…

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  4. AFlow90

    There’s a lot of guys with good trade ideas but you take the cake for specificity on timing. Awesome work with SNAP.

    Interesting stuff in SHLD with this going concern news. Short term chart looks very sentiment-y. I’m pretty interested here.

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  5. ferd

    Another TWTR analogy? …TWTR developing a pulse.

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  6. fanofplans

    Not the expert by any means, but I’m fairly certain anyone selling their calls for a quick double today will be very disappointed in a week. Everyone should check the TWTR (Dec 1 – Dec 13, 2013) and TWLO (Aug 3 – Aug 15, 2016) charts to see the type of percentage ramps we could witness. This is 10x multiplier territory.

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    • Option Addict

      They’ll hang themselves at the end of the month. Just like most did with $TWTR and $BABA. Or worse, they’ll load up in the 30’s right before it shits it’s pants…a-la-tweeelio.

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      • kamel

        I got to watch TWLO and BABA from the sidelines. Swore I would never do that again. Sitting pretty now and being the ball

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  7. ThomasJefferson

    Great call on the $LOGM short whoever made that call in AHOWA last week. I was just going to look at adding that for a hedge and realize I am too late.

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  8. aflow90

    FXE – another fantastic trade you haven’t gotten enough credit for thats slow grinding its way to big gains. Every fund I know of that trades FX was long USD in size… great recognition on your part for finding the inflection point.

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  9. vandamme

    OA is ntnx on your radar yet? Some decent put sales there a few ago fwiw

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  10. zdes001

    OA, would you give BIDU a run again or hang tight to see if it’s going to shed a few more $’s to Nov/Dec 2016 lows…

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    • dlrago8

      OA, I went for 4/21 170’s just now. Good wait from yesterday’s almost purchase. Also anxious to hear your reply to the above. Thanks!!

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  11. kamel

    Someone posted on StockTwits that their brokerage had no SNAP shares available to short

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  12. Janri8

    Where do you think $UAA gets interesting for a long long term hold?

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  13. greenlander

    Added Apr BIDU to Jun BIDU calls from 2 wks ago

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  14. Scoots McGoots

    TWTR sucks. It will never figure it out. But it will not go away anytime soon, especially since the Prez sees fit to use it for whatever random thought passes during the day. It’s Dead Money. Their only viable solution is to tell advertising and info. It hasn’t worked.

    Like Sears it will hang around for a long time after everybody knows it’s dead and wonders “who Tweets anymore?”

    Great call OA on SNAP. Just one of your many many well timed and well documented trades. Congrats.

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  15. matt_bear

    that golf course is across the street from my house.

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  16. greenlander

    DDD TWTR look good here

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  17. brodydog

    Jeff, any thoughts on APTI here?

    Thanks

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  18. Philsy13

    $FOSL intriguing with its 45% s.i. and wedgie forming.

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  19. PartTimeLover

    WTG Jeff on the http://www.urbandictionary.com/define.php?term=snap
    call.

    small favor- don’t ban the detractors , I just love to catch up and read the golden showers they take from you.
    yeah that’s right I have a fetish. I like to watch https://www.youtube.com/watch?v=EqL77G2x61E

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  20. aflow90

    Took at stab at that CRC. Nice action later in the day.

    Shame the CEO forgot to smile.

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    • Option Addict

      And oil forgot to rally.

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      • aflow90

        Yeah, I realize that was the second component. But man, the candle oil printed today was as close to a rally as you can get while still closing down. ATW and RIG ended green.

        I nibbled SHLD and added to my SNAP here. Had to restrain myself from throwing more at BIDU, DDD given the discussion about today’s trading.

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        • dlrago8

          Given Dr. Fly’s stating that Exodus gave us the elusive all indicators oversold signal, one had to buy everything in sight today! Rally tomorrow?

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  21. tonka

    Not all that familiar with how stocktwits works, but it looks like the most vocal bear shitter on SNAP has deleted all his messages:

    https://stocktwits.com/ms101

    Going quietly

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  22. Whittshaboi

    As the $SNAP underwriters release ratings on Monday, the bears are just going to be eating fireworks next week.

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  23. vandamme

    Hope Junior is still in LL

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  24. Masteroneass

    This was a good call double btt the other day tons of money flowing out upgrade everything I look for OBV MFI CMF. Yes maybe not predictive but I can make the best technical scan and it’s still going to be 50/50 win/loss but the gains / losses usually be high if I can sort out the averages and play around with ATR and other double t conditions. For example I am witnessing a double top in the spy along with decreasing buying pressure. Market goes down everything goes down. My intuition and gut is the final technical after anaylsis.

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  25. dlrago8

    greenlander – nice job on those ACIA calls!! Hoping AT&T and Verizon pullout from Google doesn’t spill over to BIDU today. Long PI and DDD as well. If Trumpcare passes today we may have a nice rally.

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    • greenlander

      thx. set up nice like the LN a while ago. Hoping BIDU holds support here. My Jun 180 calls are getting walloped

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  26. kamel

    SNAP Wedge down to ~$22 then grind back up? Or was touching yesterday’s range enough?

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  27. Moonshot

    This just in from $SNAP short seller central…Captain Sum Ting Wong is poring over his charts to make yet another post about the inflection point to go even further short. Ho Lee Fuk is checking his accounts in anticipation of the margin call this afternoon. His brother, Bang Ding Ow was unreachable for comment.

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    • Moonshot

      And…I closed my weeklies, for a 750% profit.

      Now, what to say to keep the juju flowing for my April calls. How about:

      OA, are you sure we should still stay in $SNAP? Are you still in? Doesn’t it look BROKEN!???!

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  28. baba

    OA
    which one do you like more here – IBB or BIDU or LULU?

    I am biased to LULU

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  29. kamel

    Love the coiling action in SNAP – good auction action.

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  30. kamel

    GLD looks like a short for next week – always seems to take a few days to settle down at the top of a range

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