iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

CHINA FTW

I like to use $KWEB as a proxy for the China internet stocks. That ETF broke to multi-year highs just recently. As you know, I’ve been trading the shit out of these China tickers…just trying to ride the momentum which is always fairly strong this time of year.

I bought some $BITA and $YY into weakness this morning as discussed on After Hours with Option Addict last night.

These stocks are starting to break out from multi-year downtrends/consolidation patterns.

I am currently long $BABA, $BIDU, $YY, $BITA, $VIPS and $JMEI.

Find me some more of these to trade please.

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A WORD ON THE VIX

According to VIX, investor fear levels are hitting lows not seen since 2006. I remember that market phase like it was yesterday. There was never a time in my career I had grown more fond of trading and fond of the market in general.

I’ll keep this brief, as there’s only one detail you need to remember about a VIX heading to new relative lows.

The VIX bottomed in 2006. The market topped in 2007.

What took place between those two reference points were opportunities that changed my life. Don’t miss what’s coming until you know the top is really, really, really in this time.

OA

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THE MOST TORTUOUS TRADE OF THE YEAR

This chart/trade makes me want to punch holes in my wall.

Anyone care to tell me when this will breakout? Even better, what’s the lowest price I can pay for it before this breakout happens?

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OA BUY: $BITA

Taking one more date with a China name before the fun is over.

Long some May calls here. Also added to $HAL, booked $AIG and $XON…and got $INNL shares and $DDD calls (yesterday).

I’ll recap this all after the close.

HAGW,

OA

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