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Option Addict

The first hit is always on the house.

HERE LIES THE “ODD LOT” GANG

Watch $SNAP today. This ought to be the first trade to the teens during RTH.

As that happens, I think you see your first batch of volume leave the stock as frustration sets in. In other words, the odd lot gang gets flushed here.

Multiple people are talking about buying once it hits it’s IPO price of $17. Tepper, Cramer, etc.

I think it gets close, but not quite there. Start buying at $18.

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MY NEXT SENTIMENT TRADE WILL BE A $SNAP

Odd, but this $SNAP IPO is developing the same way $TWTR and $BABA IPO’d. If you recall, I nutted those two IPO’s for B.A.W’s.

In a week or so, there’s a great long entry from the high teens we’re going to discuss in pretty good detail. For now, let it drift lower.

What I’d really appreciate is that if you know of people that bought this that really have no business doing so…family members, friends, parents, co-workers, etc…please query them on this as it grinds lower and return and report.

In the meantime, I bought more $YY calls, $DDD calls, and $TWTR calls today. I booked my $CMCM calls as well for a 500% return.

NOTE: Recordings and Slides were emailed out to attendee’s last night. If you did not receive, check spam, then email me for another copy: [email protected]

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FALL IN LINE SOLDIER – BOOT CAMP STARTS TONIGHT

Final reminder. Boot Camp starts TONIGHT!

I’ve been hosting these camps quarterly since 2015. Remarkably, they’ve all come at notable points of investor uncertainty.

2015-“A Crash is Coming!” / OA: Here’s Why the Market is Going to Melt Up.

February 2016: “Worst start to a year EVER.” – OA: Buy $NOBL and Quality Stocks for Covered Calls (Start Investing in Energy/Materials)- this trade led the market to new highs.

May 2016: “BREXIT, Will Global Markets Crash?!” / OA: Here’s How to Pick Stocks in the Coming Melt-Up.

August 2016: “Market’s in Turmoil” / OA – Actually, look at how great these foreign indices look for buys here.

October 2016: “Election!? Will the Stock Market Crash?!” / OA- Market Won’t Crash, Here’s Your Trump Portfoilo…

December 2016: 2017 Predictions / We’ll be reviewing these today.

March 2017: “I missed the rally, is there a pullback to buy or not?”

I provide detailed market maps that have yet to disappoint. In all my camp, I’ve targeted using the “negative” to get long. This camp, I’m going to address targeting the “positive” to reduce exposure, short, or play safe this year. Since we’re already offense oriented from prior camps, I’ll teach you what to read in order to play defense.

This camp will be very unique to prior camps, and will eliminate the noise that I’m just a perma-bull. While everyone else has used their market “Top Call” card, I’ll show you what I am waiting for to use mine.

Last call for sign ups. Click here: https://ibankcoin.com/beas/bootcamp-march-2017/#purchase-ticket

Emails with all details will be going out to attendees shortly after the close.

AS A BONUS, ALL ATTENDEES WILL GET FREE ACCESS TO After Hours with Option Addict NEXT WEEK.

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OA JR’S PORTFOLIO WITH A COMFORTABLE LEAD DOWN THE STRETCH

Junior: Hey Dad, my teacher called me up to the front of our class again. He made everyone look at what my stocks were doing. My team is still in first place.

Dad: Good work Kiddo.

Junior: He said “Wow, this is crazy. It seems every couple days Jaxon has a stock in his account that goes up a ton.” $CMCM and $SHLD were up huge, and he watched $CMCM on the screen for most of the day.

Dad: Has anyone else in your class had big moves in their stocks.

Junior: No. There’s 8 groups in my class. Half of them are losing money.

Dad: What type of stocks do they own?

Junior: That’s what my teacher keeps talking about. All their stocks are companies he knows, he keeps saying that mine are an odd collection.

Dad: “Odd collection?”Ask him if he would prefer you to teach the class how to trade.

Junior: He mentioned a few times that my stocks didn’t follow his rules, but that sometimes stocks can still do good without them. You can tell he is uncomfortable because the stocks doing the best are not doing what his lines say they should do.

Dad: Sounds like everyone on StockTwits.

Junior: What’s that?

Dad: Nevermind. You’ll do much better without it. Kinda like you’re doing without your teachers rule sheet.

Junior: Hey dad, one more thing? When is TWTR going to stop going down? It’s killing me.

Dad: Son, that’s what the rest of us want to know as well. With any luck, you’re the one to make that happen.

 

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I CAN BE A FRIEND TO YOU

There’s a reason that Fly and I use the time machine to time our Boot Camps for our readers. In front of the election, Brexit, the “Sell everything” lows of January…it’s to help you get the best head start to the commentary given.

I’m heading out early today, catching a flight to Colorado. Here’s a link for Boot Camp.

Email with any questions. It’s one you won’t want to miss.

In other news, Jr’s portfolio is going ape shit again today with $CMCM and $SHLD. More on that next week.

Have a good weekend and see you at Camp Monday.

OA

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SENTIMENT TOO BULLISH?

Stocks oversold, and I can’t say that people are too bullish here. Check out AAII today.

This survey got above the bullish historical AVERAGE once this year. Today, we see the bearish camp is +16% above the bearish AVERAGE.

People are simply trying to anticipate pain here. That means pain is still up.

Just like last Boot Camp, we are meeting into an oversold market. Consider yourself very very fortunate for the timing of said things.

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