Wow, what a week. Fly turns super bullish, my partner in crime gives up his tab, and my iBC machine is in Barcelona. No wonder my portfolio was destroyed. In all seriousness, I took a few blows this week playing the earnings game. My [[AMZN]] strangle was disastrous, [[MSFT]] didn’t pan out, and I failed at a few other trades.
It’s funny because I started out 2008 saying this will be the year I leave earnings alone. In early January, I was disciplined. I sold [[MON]] right before earnings, but they blew away estimates and I missed the run. Lately, I have been playing earnings, and I am paying the price yet again.
Last week I was bullet proof, this week I’m filled with hollow tips.
Note: the iBC screener is still a work in progress, I will be updating it this weekend.
Note II: My small bag of trash is looking pretty good, see twitter widget.
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Food for thought.
XOM is the largest component of the S&P500 (market cap weighted index). Take a look XOM, triple top?
I feel you on the earnings bullshit, roller coaster. However, to me the juice is worth the squeeze. I got hammered on IMCL this week.
I like Fly’s pick on HANS. 18% float short, increased buy back from $27 to $200 million, seems like they’re always a rumored takeover. However, a quick look at the chart says bear flag? Will decide shortly. What say you?
My abusive vices have increased of late. Odd, no?
Truth be told I piggybacked Fly’s trade in HANS.
HANS is Fly’s bitch, he tells it where to go. I’ve witnessed it many times.
Sounds good to me. I’ve read the Fly does control HANS stock price. So I shall enter with y’all.