With the successful launch of After Hour’s with The Option Addict, I am pleased to say that I am (finally) pleased with the iBC roster, suite of products and services to meet the demand of my dear, loving, readers.
We have the crew at 12631 providing up to the minute market analysis and research, providing members with picks. And now we have The Option Addict on staff teaching people how to find these breakouts, layered on top of often ignored option strategies–that is sure to put some hair on your chest (females too). And, of course, we have The PPT tools to help you find the ideas and share them with other responsible members of the most distinguished online investment club, in the history of the world.
With that in mind, I’d like to point you into the direction, yet again, of YELP.
As you know, I’ve been bullish on YELP since $15. I knew it was a winner, because I found the service to be invaluable in real life–just like GOOG, Z, ANGI, and TRIP. I bought the stock, for the 4th time, before earnings at around $41. The stock exploded, hitting a high of $60, only to come slinking back down to $47.
As you can see from the numbers above, YELP flagged OVERBOUGHT by The PPT algos on 8/2, at $57. I ignored them because I am emotional about the stock. On 8/13, it flagged OVERSOLD on our 3 month and 6 month algos, repeating these flags on 8/19 at $49. At that point, I made a decision to buy more, even though the stock was under assault, even though the market was weak.
Here are the 6 month OVERSOLD levels. In layman’s terms, based off 4 signals, had you bought YELP when PPT flagged it OVERSOLD, you would’ve made 16% over a 10 day holding period, 4 up, zero down.
When the market cratered the other day, YELP was up. It didn’t care that the market was down. It had other plans. This, to me, was a sure sign that the stock was healthy and ready to pop, whenever the market recovered. As you can see by today’s pin action, the shorts are being ramrodded into small boxes and kicked into the sea.
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Thank you, sir. A wonderful gift for me. The most recent OB signal doesnt tell you to take profits? Or, is this an investment?
I am in yelp for the duration.
Why do you provide this precious PPT information, so lauded by members who gather within the hallowed halls of its great institution, to these most common of commoners !!!??? Why ??
Secondly, now that shorts are havings their asses torn out, and order is being restored, when will we be updated on the “logo contest”.
Can I still buy YELP or am I too late to the game?
I want to register for the official first semester of the IBC university for traders. Fly, when are you going to make this happen? I want to learn how to be a real trader from the best. If these house flippers can start a beginners program. Why can’t the fly?
he’s doing that everyday here..no?
Gotta take the plunge, Frank. It’s the only way.
We are thinking about a seminar. It might happen. You never know.
@ the fly, that would be amazing.
@ option addict, I’m taking baby step. Don’t laugh, but I opened an option house account to start trading. Just not sure of myself. A little formal trading would be nice. Would like to join up for the PPT, just not sure I would be about to use the tools.
You have to start somewhere.
Think of it this way, if you hold out for “beginner” services, your portfolio will miss out. Throw yourself into the fire and start working. Nothing to fear, the best teachers reside in these hallowed halls.
Frank: http://zenhabits.net/obstacle/
the tools save you time. time is money, so…
it pays for itself.
Frank, take my advice…I attended both days the Option Addicts after hours sessions. I am not one to buy into newsletters or trading guru bullshit. However, within the first 15 minutes of yesterday’s session, I got my visa and joined Option Addict. I could see that if you attend or view every session over the course of a year, you will be miles ahead in your trading education. You will learn so much by just listening, even if you don’t understand what is being said at first. He is showing how it’s done, not just throwing trades out and bragging about his success, leaving “students” wondering how he did it even after a session is over. Give yourself this gift, nobody else will.
That’s testimonial material there.
Especially coming from the Greatest of All Time.
OA
If I want the full OA experience, which I do, sign up for After Hours or Trading Addicts?
@ the fly, I agree.
@ option addict, well said.
@ Livermore, thanks for the reply. I think I might just do that.
Bottom line I have to take the plunge. Trial and era.
Your roster is not even close to being complete without Jason Treu.
Word up.
A Legacy…
http://ibankcoin.com/lifestyle/2009/08/08/our-roll-will-never-end/
haha so treu