I took down a handful of names that were red yesterday, into market strength. I picked off some longs in $GPRO, $CMG and $TWTR this morning.
All the names I tracked yesterday that were red are in beast mode today. Also, the stocks with high short interest have started to perk up. I just missed a long opportunity in $SCTY and am sick over it.
This may mean that this rally is getting a little long in the tooth. However, the markets desire to pick up laggards and not chase winners here is something we haven’t seen in many months.
Risk is in positive divergence mode, so I think a market downside bet here is still premature.
OA
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RUT has held up well today so far.
“Risk is in positive divergence mode.”
Sure is.
Yup, my tza hedge is losing money ?
If you have to hedge choose the one down the least. RUT got hit -28% top to bottom. It’s going to bounce a lot more IMO
Took some VDSI just now at 13.93. Stop at 13.40. Looks good to me.
Thinking about scratching the stock buy and swapping for Apr calls.
April 15 calls for $0.50 definitely more aggressive than stock. I’m watching the same to add for more leverage.
VDSI is a roach motel. Stay away.
LOL. I am long.
Me too unfortunately from months ago. Acts like it’s in quicksand..
It’s waiting for you to sell.
Sadly true.
Nice calls on $GPRO and $ADXS, now please give this $NFLX a nudge.
Hi OA,
Any advice to buy AMBA before earnings?
Looking to take a position?
Yes! I would like to buy regular stock.
I would buy a gap down after earnings. That’s about the only opinion I have on it.
I can feel the makings of one of OA’s signature runs where 300% gains become the norm.
$POT breaking out today.
Sold my calls too early its painful watching it breakout without me
$KMI F*$@ YEAH! Bought some on your call out prior to the Berkshire Hathaway announcement.
Great call about $IBB on monday
Indeed
I like the look of BLUE, stalking calls – maybe take an Apr on a return into 49 balance.
My order for 395 FCX weekly 8.5’s @ .05 went unfilled this morning — FUCK ME