Trading in the Nasdaq is all but dead. This week if I cannot extract my stipend by 9:40am there is little more I can do to earn.
Local-to-local robot action is not conducive to my order flow style. Thus, my attention is more on stocks:
Zillow has been on my radar as a short for most of the year. Now I just don’t know. It will need to pull a GoPro and give back its entire massive day in a scant 24 hours to reignite my thesis.
GoPro, the Angie’s List of 2015. I took calls in GoPro at about -8% and watched it waterfall another 3.5% into the bell. Such brutality following a big move—the fake move, make move logic is still prevalent. Many see a downtrend when they look at a GoPro chart, but I see a consolidation gearing up for a big break. I was looking for more of a reaction at $46, thus I may be served a heavy dish of red sauce to wrap up OPEX week.
Then there’s ANGI pulling a power move. You want to turn away but at the same time the action is such a gross spectacle your eyes are glued.
VA reported a nice profit, traded handsomely before it started drifting lower during the conference call. Maybe I am not the only one who thought Richard Branson would make an appearance during the first call. SUNE is taking an after hours poo after reporting a quarterly loss.
We haven’t found the sellers yet but index buyers are running out of steam. Oils doing the 3.5% daily shuffle, and momo pockets are narrow.
In summary, Raul spent 10 minutes making money and the rest of the day chasing his tail, like dog. I will now seek vengeance by squeezing dumbbells until they bleed.
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