$SNAP quiet period expired and like I’ve been saying…if you’re selling something, won’t you speak up and reiterate it’s worth buying?
MS – Overweight, $28 PT GS – Buy, $27 PT Citi – Buy, $27 PT RBC – Outperform, $31 PT Jefferies – Buy, $30 PT
In other news, OA Jr is all over the text today, telling me his whole account is green into an ugly market and can hardly bear it ($SHLD/$SNAP mostly).
I picked up $BOX calls…nothing else going on today.
If you enjoy the content at iBankCoin, please follow us on Twitter
FXE, SHLD, WYNN, LVS, BIDU, and of course, SNAP, are all green. Couple that with my AMD/NVDA puts, and I’m having a monster day.
I was actually worried this morning when I checked futures.
Props OA, you led this horse to water and now I’m drinking my fill.
Are my March 31, 25.50 calls to aggressive here ?
I’ve been trying to be the ball. Just picking everyone’s brain.
No, they are aggressive, but we’re at an aggressive inflection point.
Thanks for the reply.
as a holder of a lot of march31 22’s….i will probably paint the ceiling if your 25.50’s go in the money.
What expiry and targets did you get after on BOX?
You are a genius! Loving the SNAP call.
I had a dream over the weekend that Snap opened at $69. After booking a 30,000% gain I threw some cash in my bosses face, yelled “LATER BITCHES” and walked out with middle fingers in the air.
Like this? 🙂
https://www.youtube.com/watch?v=mt84J7U75e0
hey OA – do you like $PI still?
Found my new hobby: reading the bear $SNAP tweets on stocktwits
https://stocktwits.com/symbol/SNAP?q=SNAP
LOL… “there aren’t any real buyers, it’s just shorts covering”.
In better terms, this stock has no sellers.
I was hoping some of these shady IBankers would slap a $40 price target on SNAP. lol
OA… I’m looking to go long the $BILGE crack spread. Any thought?
He said crack.
LOL. Miss you bro.
Same my man.
Enjoying the ride on the road paved with the ground up bones of $SNAP shorts. Joined you last night. Looking at $BIDU, once the momentum gets a bit better.
I like the looks of this RGC. I’m long.
Na-Na-Na-Na-Na-Na-Na
Bearish sentiment on Stocktwits well off the lows, but still 53%.
The beatings will continue until morale improves.
Jeff explained what will happen once the room flips to bulls, then the chase phase will begin. Be the ball….
FYI the sentiment is a rolling 7 day average. There’s a lot more bullish than bearish coming in lately.
Long $XOM.
Anybody buying the $CMCM backtest?
If you move through a pocket like that, it typically spends weeks to months consolidating in it.
OA thoughts on GPRO? Is it breaking out?
Nada
anyone looking to short TLT here? Has had quite a run last 2 weeks.
I’d say take a stab bro
Oh boy, my buddy who cannot get out of his own way is looking to buy more today than he’s bought so far. I tried to tell him to buy it low, now he wants to buy the biggest piece on an up 7% day, like 25% off the lows. Surely OA could fix him.
That is hard to fix
Hey OA, whats your exit price for $SNAP?
I’ll fill ya in along the way.
$42.55 +/- $8
Does anyone still have any TWTR in their book?
Seriously considering it bc I think it starts trading with SNAP before too long and it’s at support
I’ll admit I took a second stab today. Such a dog biscuit but maybe flat is the new up?
I hate TWTR but I’m stuck long. FML
Are you sticking w TWLO?
i picked up some calls for next week when it dipped
MS analyst has $40 as his $SNAP bull case price target and fully expects it to exceed.
I thought the action today in $SNAP was a little muted, bears hanging on for dear life.
$GOOS looks to be following a similar pattern, but volume and news coverage much lower.
Said the same things last week.
I see that now. Just thankful I’m only a week behind you, gaining ground hopefully.
Jeff, can you please load AO for today??
I would marry the 5 min chart right now if my wife wouldn’t immediately kill it. This is so much fun.
+1. The entire chart is very symmetrical and the upward sloping price channel that has developed in the last week is a thing of beauty.
Morning OA, sure would appreciate updated thoughts on BIDU. I believe there are a few of us holding April calls. Thanks in advance.
Go back to that post and check the chart. Chart still looks the same to me.
Beginning of brief consolidation phase today before the next leg higher? FB headline cracked this over the head in the pre-market but seems to have held high 22’s alright thus far ahead of the open
Looking for a hug?
Any guidance on SNAP based on this morning’s news and Cramer not recommending? Getting crushed right now.
lol, its been at these prices for the last four days.
here we go!
Be the ball Danny
funny how stocks never go straight up.
I’m looking for an inside candle off yesterday’s range. I think that would be constructive for more upside. It blew through $23.50 yesterday, some consolidation around there doesn’t hurt.
I wouldn’t mind if it would find some buyers and get up off the lows, though.
Nah – is but a survivable flesh wound…eye is on the prize, no longer on minute by minute account balance….
These happen after days like yesterday to keep you on your toes.
If the audience runs with dicks in hand chanting praise, you catch a sell like this.
If you respect the trade like a gentleman, you get mostly uninterrupted upside.
Anyone like DEPO here?
I am quite liking this action .. keeping the bears engaged even more .. they’re out there dancing on ST .. let ’em load up
wanted to roll up some more options based on pre market, but alas no such luck, still think there will be another chance to do so
If the bears can’t take down $SNAP today, it will prove to be another indication to them that they’re fucked.
Fuck it, bought more calls.
Eyeing more April 25s myself.
Which did you pick up?
7 Apr 26s
My niggah..
My daughter woke me up with a screaming fit this morning at 3:30am.
The first word I thought as she woke me, and it came with intense clarity, was “Biomarin.”
So I bought calls this morning. And also I need a new hobby.
I wanted some exposure to next week $SNAP and got some here.
Eyeing TASR