1. Look for stocks that haven’t really participated in the bear massacre, for they will be my next vehicles to trade.
This is what prompted me to take WDAY, SINA, CRM and SHLD recently. So far, they’re turning out just fine.
Here are the stocks I’ve found today that meet that criteria: LULU, GMCR, ROVI, RBCN, SOHU, BYD, RKUS.
I applied my own personal visual filter in looking for stocks that haven’t done much today. So in essence, these picks are stocks at reference points that will attract buyers up from here. This is all part of how I anticipate strong moves in stocks.
It’s also important to note that after strong moves like we’ve seen today, the market usually follows up with an inside, or consolidation day – which is by far my favorite day to trade. In this case, the market situation and stock ideas should line up perfectly.
I will be buying a few of these stocks today. Will keep you posted.
OA
Next step will be high short interest stocks later this afternoon.
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just re-joined group…gatorsun (glad to be back)
That is a huge win on my part. Great to have you back.
Get in here and get vocal.
10-4 Jeff
Long SOHU Jul calls, and LULU Aug calls.
About to set up a rip snorter Friday special on GS here…similar to AAPL.
lulu 67.5s or 70s?
70’s on both
Thanks again.
OA,
Can you explain a little further what you mean by an inside consolidation play? With this in mind, would you buy GS or any other play itm or slightly otm considering expiration is right around the corner.
I bought GS 160’s at the low today for .18.
I know that sounds douche-y…but I have timestamps to prove it.
Inside day: A charting term used by technical analysts and day traders. Inside days are days where the high point of the bar is lower than the previous day’s high, and the low point is higher than the previous day’s low. Inside days denote reduced volatility in the stock price for that day.
Followed small LULU and SOHU.
Hoping to liquidate my remaining longs for good coin today. Putting back my shorts on by tomorrow. But want to buy one long along the lines of what you suggested above. In that spirit, what do you think of $V July/Aug calls?
Bearish from here?
The market seems beautifully coiled up and lot of pent up energy. No point standing in the way…could break out either way. But I am bearish starting towards close of the market today. In addition to a few index shorts, I was thinking playing a pair – long $v / short $xlf. Thoughts in general? Thoughts on $V?
By the way, been long GLD front monthlies, and will continue to be long for one more week. Selling half off at 100% but keeping other half. Still not overbought if you can believe it.
V moves too slow for me in terms of options.
Good to know. I wish there was one strong financial I could pair against my XLF short options wise.
By the way, I heeded your suggestion of holding $GOOG weeklies from couple of days back. Just closed them at 140%. All because of your suggestion. Thank you!
I was going to blog about how I F’d up a perfectly good 400% return on that this week. GOOG’d
Pair against GS. Great spot here.
Great idea on GS. Why didn’t I think of that one?
Ouch on GOOG. That baby is gonna go for $1000 roll in a few weeks. Should have plenty of opportunity in the coming week to get back in at a lower price point.
I’m going on vacation next week and had found a good exit point for most of my july monthlys but you make it too hard to stay out of the game for a week. Picked up SOHU. Hope I can pick up a wireless signal at my in-laws farm!?!?!
I can send smoke signals, or have the amish horse and buggy my trade alerts.
Well done on WDAY.