Strategically, I refuse to buy into the gap and go days we saw on Monday. Any market setup like that with the crowd relatively ‘engaged’ makes the pain trade + lower.
Now that current prices have knocked out Monday’s range, I’m eager to buy. In essence a wasted week like this can be an opportunity if you end the week with longs getting stopped out and ending the week flat, or with low exposure like they did on Friday.
I still like semiconductors and software stocks. $SMH is setting up for a big move…and the software stocks I mentioned last week are on the 52week high lists this week. I’m interested in $SWKS, $MCHP, $TTD, $FFIV, $EVBG.
More later,
OA
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Balls of steel to take an entry here. Granted history is more than on your side, but the headlines too much for me right now.
Bought $SWKS calls, nothing else today.
Thoughts on CEVA?
Oh man, OA. The news is ugly out there.
Love that.
My old uncle Frank always said “buy the blood”.
Holds true far more often than not.
Meant to ask,,,how was your trip to Charlottesville?
Still bitter you bottom ticked the $IWM I see.
With a month in between creative and witty comments, I’d hoped for more.
But since you suck dick at everything else, I suppose I’m not surprised.
Funny, we had a good laugh earlier this week in memory of your hysterical mic drop moment.
Is it just me or is the comments section dead lately? Low site traffic?
Hope you’re right. Long NVDA again.
I rode MU all week fo a 4 bagger. Now given an entry for rinse and repeat
Loved the week. My YOLO for tommorrow is short FINS
Just curious what you see in the SMH chart that looks so good. What are you looking for to go long? Been keeping my eye on SOXL
$IWM broke beneath its ascending channel. Bombs away now
OA:
Good to have you back, i was in after hours a year back or so, and enjoy your contrarian picks. I loaded calls at close: nvda $170, appl $160, baba $165..bidu, fcx, hrb stock
So sorry to hear about your daughter’s accident.
Hugs to you and your family
Thank you. I’m discharging her from the hospital today, thankful that things weren’t worse than they were.
Seems like gold miners are ripe to short. Couldn’t even go up on a day like this.
Loved the setup in NTNX, the late day pullback helped me get long some Sep 22.50’s at a decent price. Added back some AAPL calls I let go of prior to earnings and picked up a SVXY call spread for next Friday. Feeling pretty confident tonight, not so sure that’s a good thing
Stopped out of WATT
Crap – wasn’t stopped out. Had $10.50 stop and opened at $10.50 and continued down and didn’t get hit.
Gold miners weak
CTRP anyone? Tough not to take a stab here.