OA BUY: $SNAP

I took my last trade on $SNAP about an hour ago. As discussed, I’ve been wanting one extra week of time behind my April 22 calls.

I bought Apr28 25 calls for an average of $o.325 today.

I also picked up $FNMA at the open and $WDAY calls as well. Booked $LVS gains and might book $BOX or $YELP calls too.

Fucking trolls.

If I’m quiet, it’s because there’s been zero development on this since last week. Between my trading room and after hours, I’ve dedicated the bulk of my days to talking and trading through this idea since I started it. At this point, I am as ready as the rest of you for anything to happen here.

From  IPO high to low, the daily commentary was in full sync with the stock til mid week last week. I said I thought the stock would consolidate closer to $24, and instead it consolidated the week at $22.50.

The stock is coiling for a move, obviously. Until there’s movement to analyze, I’m comfortable with how I’m positioned for a break of this range.

Tomorrow is the day it shakes loose. There’s nowhere else for it to go.

One of my broad market themes this year was rotation into consumer plays, particularly retail.

Back in January, I started accumulating names like $SHLD, $JWN, $COH and picked up some $RETL about 2 weeks ago.

I’m wildly bullish on retail this year, but you have to implement another layer of intelligence when playing this group.

Most things retail suck. You have to consider trends, fads, too much negativity, too much optimism…all when picking a candidate.

As an example, I bought $SHLD. I won’t argue that this company might turn to dust in 5 years, but I would argue that this was top perceived “Lehman” of retail. I love when you can sense group think about a company or situation such as this.

I added my last portion of $RETL here, and will be buying dips in individual names til the fall.

Got any favorites? Leave me a comment about them.

OA

I read a comment that rubbed me the wrong way this morning and felt the need to speak on this topic just a bit.

I blog, unfortunately. As a blogger I put myself out there. Putting yourself out there is stupid…as in this day and age, people walk around looking for opportunities to scoff, mock, put down, or throw feces at you. In many cases I go beyond what most are willing to sacrifice in terms of market, stock, and predictions in general.

Why?

Most avoid this for lack of skill. Others avoid this for fear of being wrong. I do it for the opportunity to be right and highlight some things that others might not see or think of themselves. If I were going to read a blog, that’s what I would want to read, personally.

By putting myself out there, I get to deal with a lot of the negativity of people. I opt to have fun with it.

My online persona?

I’m a total dick. I do this on purpose too.

100% of you that have met me will have nothing but nice things to say. I’m one of the nicest guys you’ll ever meet. I take care of those who belong to my services, or to anyone that I can lend a hand to.

But my standoffish online personality, it triggers emotion. It makes people read and listen. It eliminates the dumbshit questions too, since you know I’m going to rip and humiliate you if you come here as a dumbass. It also helps to filter those that I work with within the walls of my services. I opt for quality, not quantity.

So let’s all be content to generally offend one another, shall we?

I bought some $SNAP calls at $22 here moments ago. I suppose we could talk about this again too?