SHOUT OUT TO THEM BURRITOS

We’ve completely decimated this group of stocks in the last 2 months. These explosive moves have helped me to mend most of my wounds from last year.

MOMO, CMCM, JMEI, BABA, SFUN, YY, QIHU, VIPS, SINA, BITA, DSKY, WB and almost DANG had my broker not led me astray on when they report.

I love this trend to buy weakness in these all through the summer, but as these stocks are a little cooked here, this makes way for the next rotation to take place towards the end of this month.

Our other themes, cyber security and software still look amazing, but I am hunting for the next opportunity. It may be time for some solar names to make the next push.

More later,

OA

Watchlist: OCN, JOY, CYBR, SPLK, MBLY, WDAY, PCLN, STX, BITA, SINA, SOHU, EBAY, ARMH, TUBE, TRUE, VIPS, GRMN, MSFT, VMW, Z

China names are hot. So hot that one might do their best to knock down a totally legit company as to buy it on the cheap.

I picked up some Jun1 weekly calls on this, as I think you see a nice snap back in the name.

Our theme earlier this week was to look for sell offs in the China names to locate dip buys. Our list was QIHU, SFUN, TEDU, VIPS and LEJU. This theme is working pretty well, so I am going to stick my hand into the fire here on this bullshit selloff in $VIPS.

OA

Volume pocket trade. Long some June calls.

If you want to follow with shares, you can keep the stop pretty tight here.

OA

I’ll be selling this phat ass move in $MOMO today, but don’t skip out on $DSKY here. She’s next.

More later,

OA

My hell, this is torture.

Sitting in a basket of positions, all doing nothing today. We did catch a monster in $MOMO http://ibankcoin.com/option_addict/2015/04/16/oa-buy-momo/ Which I may sell here at the close.

I’m a little pissed I didn’t pull the trigger on $SCO as we discussed all last week in After Hours with Option Addict. I still think oil is a short into any strength for the short term, and have no opinion on energy stocks here at the moment.

I’m contemplating moving into the cheapie stock arena for the next few weeks. Any thoughts on that?

OA