With options expiring this Friday, going into the last weekend of the month, and a horrendous earnings season, people are going to be looking to take profits.
They will take these profits in $FB, $ZNGA, and $YELP. The market as a whole is a screwed up mess, thus as their other positions melt down they will look to get to cash, leading to the liquidation of aforementioned tech positions.
As big investors go to cash because of said events, and the impending lockup expiration, the stocks hit the close stops in large accounts and the computers go crazy. Thus, “Zuck-Bears,” like myself, stay “crunk in the club” shorting that shit and buying puts.
“Make it rain, dollah, dollah, bills yo” – The “Legend” Kenneth J Powers
3 Responses to “Rhino’s Crystal Ball”
redman59
Heads up Rhino, Oct options expiration was last Friday unless you have some weekly options expiring.
Rhino
exactly
TMoe
Profits in ZNGA. HA HA HA HA!!!!