FLIGHT TO QUALITY

Shares of $ANGI reverse nearly 10% losses working towards a 10% gain on the day.

Yep, that pretty much sums it up.

OA

Thanks Bill. Way to take one for the greater good.

Me, I am the fall guy yet again, opting for breakeven in $LABU while people panic buy here into the close.

As for the market? You better act quickly.

The machines know what you did here today. They are determined to unwind you from the inside out…starting with everything you though you knew about trading. Today was clearly an opportunity to short, right? Let’s answer that question tomorrow.

Today, the indices didn’t budge while nuclear bombs went off in stocks.

Might as well pick up a few longs here I suppose.

More later,

OA

So, either a table has been set right here, or this is a preview of what is to come.

This week in itself was a big ass pain trade. Take down stocks but leave the indices alone.

So now I’m looking at the $RUT, which is my overriding signal for how the week will work, and it’s starting to give way to downside here.

Is this the “fake a move to make a move” trade here? I’m watching the crowd scurry to abandon longs and enter new hedges/shorts, etc. I’m not totally sure yet, but if we rally from here I’d say everyone is sitting in a very obvious corner going into tomorrow.

OA

As I pointed out earlier, I have a number of trades taking a big hit today. Could be worse I suppose, like owning 20 million in $VRX today and being poleaxed by asshole internet bloggers running hits against one of your top holdings.

I picked up shares in $NWBO and am thinking about some $NFLX here.

Yesterday’s momo disaster seems to be on recovery mode. None of these names followed the market down this morning.

More later,

OA

My stop hit on $LABU. Breakeven. Love it.

While hell seems to have already broken loose, here’s where we’re at.

Not sure how things can get worse, but further downside here and it will.

Thus far, this has been the quietest week in like 4 months, and I am getting my head kicked in on some short dated options that expire this week. It seems that most of my recent names that enjoyed glorious moves to the upside are being targeted for downgrades, so that the assholes that didn’t buy them can reload for cheaper prices at the expense of my call options.

Also, shot out to biotech as the $IBB bomb took out yeserdays low and blew through its range. Nice to see a fat ass win in $LABU heading back to breakeven.

ALL THIS, AND THE SPOOZ ARE DOWN A DEUCE.

LOL, FML.

OA