Stocks are roughly 2% off their highs and bullish sentiment is plummeting.
Fund flows also show money has been working its way out for weeks.
Pain trade here seemingly obvious.
OA
If you enjoy the content at iBankCoin, please follow us on TwitterStocks are roughly 2% off their highs and bullish sentiment is plummeting.
Fund flows also show money has been working its way out for weeks.
Pain trade here seemingly obvious.
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
Gotta buy that French election dip before it happens.
Brexit = 3 days to recover
US = 3 hours to recover
Frexit = -3 days to recover
FB making new highs again. I laugh whenever people doubt this name. Just give it a few months, my man.
SNAP NAILED IT
https://www.tradingview.com/chart/SNAP/RIstsMvF-SNAP-1-HR/
First target reached, booking half here and let the rest run
Careful, everyone is going to hate you too now, lol
lol bet those haters were probably bet the farm instead implement proper risk management on OTM weekly calls when you made that post. Even if they make money on this trade, eventually they will go bankrupt anyway.
The only thing more annoying that the haters is teacher’s ass-munchers who post about them. IMHO.
OA you should really use tradingview for your trade calls to the public, keep their mouth shut.
The public never keeps their mouth shut. Fuck doing anything for the good of the ‘public.’
yea too many idiots here
AHWOA PEEPS – I MUST LEAVE EARLY TODAY AN HAVE TO CANCEL AHWOA. WILL BE ON TOMORROW. HAPPY 4/20!
No recording for 4/21?
I see CLF ripping.
Very nice with $CLF. Especially appreciate the reassurance as it tanked yesterday.
Bought $WEAT today at the lows. Hopefully the 6.66 bounce is a thing.
Worked well for $CLF!
Things are lined up for ACIA here.
any YOLO takers on $SNAP today? I ma just riding out my Apr 21 C
I have emerged to place the Angel of Death jinx on the Golden State Warriors. They will win the NBA championship, and probably won’t even lose a game.
So in other words, if you bought the team and became the owner….they’d all go down in a plane crash and the arena would burn to the ground in a fire?
I feel bad for Steve Kerr. My dad deals with similar back issues. It’s no joke. Hopefully he’s able to recover quickly.
The slow grind down from March 1 did a job on sentiment.
markets look dead worried about french election nobody buying
OA, regarding KMI, I know you went in for earnings and didn’t care if you didn’t get a bump, but other than the Trans Mountain Pipeline, what else or other of their areas do you see giving this stock a nice boost? In July calls and wondering whether to ride them out or double down here at 1/2 off my buy. Thanks.
Catalyst?
Correct catalyst – I know they have multiple segments in their business but don’t see any standouts other than the pipeline. What type of news will make them pop? Earnings weren’t bad yet no positive reaction.
Don’t have a catalyst. Just like a stock at support consolidating in front of an open volume profile.
I took a tiny position in SNAP this morning right at 21. I’m not confident enough in it to take a big position, but I think theres a good chance for a rally after their earnings report (date not set yet). I don’t have any real insight other than I don’t think Wall St is giving their management enough credit, and the stock is heavily shorted. Its the first public earnings report, so I’m betting management comes out swinging about monetization plans and overall bullish going forward on growth plans. We shall see.
lol
Thought you may find it funny, but I hope you understood my earlier point that this thing wouldnt have a real lift-off until at least the 1st earnings report (where management instills confidence that they are more FB-like than TWTR-like). This is a pure earnings play and I’m positioned that way.
FB got bludgeoned to new lows after they beat their first earnings report.
Had all the confidence I needed til the talking heads blew the FB shit out of proportion. All the FOMO was there.
Just funny from where you said lower, stock is still quite higher….and now you change tunes.
Want to argue this again? I never said the stock was going to fall or that it couldnt seing a few points upside (which is all well and good). All I said was that I didnt think the stock was primed to breakout in the time frame that was being portrayed. You got thr call half right, it just didnt follow through.
My only argument is you got it all wrong though. You pitched the argument at the lows as this thing was turning up. Now you’re a buyer.
This is what makes the internet gay. Everyone has something to say, all of minimal value.
When is SNAP earnings
I dont think theyve announced a date yet. I’d guess mid-May.
May 10th
My Dad likes
ABBV
UTHR
Don’t get down on Dad- he likes those obscure names- but is big into the drug stuff like OA
called me yesterday during the market and said
he YOLO’d on GE puts
lo and behold – wtg Dad.
(no, I did not follow)
maybe I will go into ABBV
the open interest is crazy
added some Jun/ July plays in XOP, MYL, GS, and GLD short. Let go of VXX May 5 puts as things were getting too tight and took proceeds for longer dated stuff.
Purdy, I think ACIA beats their downward guidance. Hoping for a gradual rise into earnings and a pop on earnings new. Wishful thinking and a gamble but this one with good news will pop.
I’m with you on ACIA.
Mr OA sir. Nice move in bonds tonight. Are you looking for the very long term trend to break …or just a tag of the trend line?
http://www.zerohedge.com/news/2017-04-22/retail-bubble-has-now-burst-record-8640-stores-are-closing-2017
This makes me more bullish in retail. More store closings than 2008.
Was Friday’s recording corrupted?
Friday’s recording was nuked. My apologies.
BLUE looks good here hope it doesn’t make anyone blue
Wow. Such silence today
OA, is this a nice spot to take a long position in $TAHO?
shh be vewy vewy quiet bugs