I like to use $KWEB as a proxy for the China internet stocks. That ETF broke to multi-year highs just recently. As you know, I’ve been trading the shit out of these China tickers…just trying to ride the momentum which is always fairly strong this time of year.
I bought some $BITA and $YY into weakness this morning as discussed on After Hours with Option Addict last night.
These stocks are starting to break out from multi-year downtrends/consolidation patterns.
I am currently long $BABA, $BIDU, $YY, $BITA, $VIPS and $JMEI.
Find me some more of these to trade please.
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Closed out tomorrow’s $USO for a triple.
those entries today were too fast for me. damn
Was looking through the $KWEB holdings and found $TOUR, looks like a gem.
I like that Tour as well.
We may be nearing the 9th inning… Took a tiny piece of $JCP for earnings and bidding $TOUR.
TOUR is dope. I’d love to snag this on a break of the lows.
Perhaps on earnings.
Every dip to 8.05 finds buyers. The candles on 4/25 and 5/8 have some volume backing them up too. There’s buyers down there for sure.
Home Capital went from a decent long term thesis to a freaking short term monster. 4 days for +70% on common. Somehow those investments that turn into trades never feel as bad as the trades that turn into investments.
Those $YY shakeouts are brutal.
cccr chnr consolidation in progress high beta china r/r very high , tight ass ( and a stop somewhere..)
Jeff, I know you are already in GS but I was too late back then. Liking this action here for a possible entry, any thoughts? Appreciate it.
Easy to manage for a move to the middle I suppose.
is YINN a decent ETF to play these? I have several of these stocks but in another account, I can basically only trade ETFs, which is why I ask.
No dude. K W E B.
KWEB tracks China Internet. None of the China internet stocks are in YINN.
I swear if you read my posts, any question you’d ask would be answered.
haha. ok ok. I was just looking for a leveraged etf to play this.
Grabbed $RAD under $4 here.
And went to go get my little $WAC today, which I hadn’t checked since Monday. FIMO reflex sent me into $INNL.
I’ve been thinning my cheapies account a bit over the last couple of months so still have room for a few more.
You looking at M at all?
I was at the open for like ten seconds.
YANG for the win!
I don’t get it…
That´s ok
Ah, now I get it. Good luck lil bro.
I predict a China credit crunch starting this Monday!
Yay!
haha. wtf is going on
Hi, what about SOHU, I thought you liked it?
Still have some CMCM from a few weeks back. Surprised it wasn’t mentioned here.
Great action in retail today.
Yeah, think I should book gains?
Poor JWN you never know whats going to happen at earnings unless your the ceo i’ll be watching next wk for a buy
Added FCX Aug18 13 calls, GLD Jun16 116 calls, and small amount of SNAP 19 puts expiring next week
With you on those Aug FCX $13 – $0.48 (not sure how I got this price when ask $0.49 and my order was for $0.49)
Yeh this is my biggest position now
Thank your HFT and dark pool friends. You aren’t required to pay the limit of your limit order.
Dumped the SNAP puts. Think it dribbles down next week but FB calls look better here
Anyone buying CYBR?
$CYBR looks very interesting with this gap fill. Could be an awesome head fake and rip higher, orrrrrr it could pull down your pants and violate you.
Hmmm…
Why does jmei lag so
What do you think about COF – good entry point this morning?
I bought some. Good hammer candle with volume on the two hour chart when it swept the lows. There’s a good amount of buyers down there eating up inventory.
I did too; didn’t catch the low, but I like the wedge. Should be good if it stays north of 78 if it breaks that I’m worried about a run down to 72.
Win with YINN!!!!