iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,803 Blog Posts

BEATEN MERCILESSLY IN RETAIL

The Stock Gods we’re displeased with my mention of the breakout in retail last week. Now, I am being tested holding positions….watching big unrealized gains transform into lunch money over just a few short days. Especially SHLD…but this situation seems all too similar to early 2012. I’ve been a huge Lampert fan ever since.

I’m convinced there’s more left to this recent run in various names, otherwise I’d head for the hills.

I bought some $CMCM today and on the fence about taking off $VIPS calls into earnings. I’d be risking a double, but naturally I want more.

I missed $NTES and $MULE today which rendered my day pretty much worthless.

Hope you’re fairing better than I am. Most of you, anyway.

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18 comments

  1. shawnji

    I booked $VIPS today (stock, not options.) Puts were a bit too dear for my tastes.

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  2. tnapearson86

    I got stopped out of my SHLD last week, on my daily watchlist to see if it can find some buyers and hop back in. Right now it looks like it will retest the lows.

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  3. Nocturne

    As always sir, your transparency is appreciated. FWIW, last week uneventful. I do not trade the Faangs and missed reversals in Natty & Erl.

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  4. philsy13

    Lots of call buying in the May 26 43 calls $XRT

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  5. BadDuck

    I believe it’s spelled ‘MOAR”

    Bought yolo weeklies in CLF.

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  6. jtizzle

    CLF looked good today.

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  7. aflow90

    Were you out of BOX? Just took my gains today. Didn’t look like it wanted to breakout.

    I picked up CMCM last week and have a rather large BIDU position that I have no fucking clue what to do with. That thing just doesnt want out of the range, ever.

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  8. PartTimeLover

    Like Zeus battling the Titans, I took a long position in TJX ahead of eps in the am.

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  9. john_galt

    You win some, you lose some:that’s part of a trader’s life.

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  10. Itenerant

    Twitter july 20 calls from back in the snap era working now lol. You didn’t exactly call the bottom but from a long term and sentiment perspective you were pretty damn spot on.

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  11. jason

    OA- thoughts on SNGX chart? seems interesting cheapy.

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  12. AFlow90

    Could it be true? Can it really be happening?

    …..is BIDU breaking out?

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  13. Beechoo

    Kweb!!!

    You da man, OA

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  14. mac1326

    Time to add some RETL

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  15. Heckler

    DDD to $26 anyone?

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