2017 ought to be a year of less volatility and more direction. Lots of guys were left ‘holding Herman’ as to whether or not stocks would crash. Markets like this don’t pull back much, leaving the unwashed in a forced position to chase.
For those that took me up on my After Hours with Option Addict bargain, thank you. It will be a good year. I’m going to start the year fresh, with a crash course on how to approach the market this upcoming year. I think I will make it a 3-5 part series. Maybe we start as early as next week?
I’m booking my $MBLY here today and am thinking of replacing it with $ONCE, $TRIP, $Z or $COUP.
I’ve got a decent list we’ll discuss after the bell today.
If you enjoy the content at iBankCoin, please follow us on Twitter
I did appreciate the bargain offer for AWOHA and am proud to be a distinguished gentleman…
I don’t know how this would figure into your plans for the crash course, but I’d love to focus on exits. In looking back at my year, I’ve been very happy with my progress in identifying opportunities and finding entries, but my exits continue to lag. It’s going to be a focus for me in 2017, but I’d love to get off to a fast start with some group focus on it After Hours.
yeah, I have dorked up some exits – most notably my GLD puts from post-election….took a 200% win when holding ONE MORE FREAKING DAY would have netted 1200%
Natty Gas will be a buy and hold off this pullback but needs a little time to digest this move, I think this is a multi year play. I like Oil the same way but it needs a bigger move down first.
Also Biotech is a layup here (still time to get in) and Hartman is an idiot.
Hi Chiefton,
Do you have a downside target zone for nat gas here?
I don;t have a position yet but I think you use the lows from last year as the stop. I would like to see it in the very low 3’s but there is no need to act yet as it will probably take a week or two to settle down after this move.
I agree with you on Nat Gas, Biotech and Hartman.
Like PBYI, KITE and ADRO in biotech space.
PS. TWLO continues to be the victim of a relentless selling..watching to see where it might land. No sign of that just yet.
Well, opening price on its IPO day was around 23-24 right? I suspect we head back to there. This blows.
I’m wondering where that Dec 21st +15% day came from.
Right now it’s sniffing out the IPO strike price $15.
I think that 15% day came off the news it reached some kind of business agreement with Amazon. Obviously enthusiasm didn’t last long. Bummer
Sold $MBLY as well for about 500%. Nice to start the year with a win!
Crazy reversal in $ANF today. Threw a little bit of the profit at that.
Love the Z idea. Looks set up well for a run into the mid to upper 40’s in the next few months. Figure a great earnings report – the next one – will be part or most of the thesis if it takes place.
i feel like i’m caught. i have most of the swing OA trades on, but not in the size i’d have liked. So even though i’m in, i’m still fighting the itch to chase up.
yeh. I made a watch list based off of OAs sessions. about 90% of them are green today. haha. tough to chase now.
TLT continues to rise, GLD, not so much…
GLD doubled TLT what am I missing?
GLD peaked early and then faded – TLT kept rising
Picked up some $HTZ today on the pop in the morning, then doubled down at the bottom of the day. New Female CEO started today. Wall Street loves Female CEO’s for turnaround stocks, until the reality of the facts that led the stock lower during the previous male CEO’s tenure hits. Then it’s all over. See Lucent, HP, and YHOO for perfect examples.
Looking like a big moved over the next several months
Thank You Mario Gabelli.
i’m going to be “that guy” and ask about TWLO. i’m reading a SA article in which the author said to dump it at 35. The comment section is nothing but people bitching at him how wrong he is. Stock is now in the 26’s…..i’m wondering if the bitching has to turn into crying first before it goes up?
I do want a position now. lol
been reading that there is now a lot of competition in this space. TWLO was first movers, but with most tech these days, barriers of entry is pretty limited.
Can’t go a day without hearing about how terrible this stock is. The trade in itself from where I started it til now has been nothing short of fascinating. It’s a great story to tell for sure.
Bitching has to turn into “I give up.” First sight of that, I’ll buy every share…lol.
The stock isn’t terrible. It’s the underwriters that set the strike price/amt of shares then pump and dump that ruin it. It took FakeBook well over a year to get over their debacle.
Todays kick in the guts brought to you by:
Recognia AlertWire: “Twilio Inc forms bearish “Downside Breakout” chart pattern”
Sell Twilio On The Short Covering Bounce $TWLO
http://www.seekingalpha.com/article/4032128
TWLO and ACIA had their 15 minutes of IPO fame in the Summer of 2016.
I added to my WETF and initiated a LABU today. Had NVRO ready to go this morning but got distracted and missed the move. WIll see what happens tomorrow.
Loving the LABU. I got in before Christmas, but still profitable.
Bought WDAY.. sellers decreasing over last five weeks… now on support.
Yup – BABA – unless a big fade before the close – looks like calls were the play.
added some Feb $YY calls here
INSY on a tear..
HAIN looking like an interesting option trade. It looks about ready to pop, and when it does, it’s going to move up fast.
Why?