iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

29 comments

  1. tnapearson86

    Thought it’s a good spot for some $IWM, $BAC, and $WFC. Bought all 3 at the close. Buyers stepping in at trend support.

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  2. tonka

    I quickly forgot what actual market risk feels like and not stupid one off event risk that we’ve had for the last year.

    Gotta be nearing peak anti Trump trade. Sure, get him out of office. Pence is probably even more bullish for stocks. He’s everything Trump is, without the shenanigans risk and off the cuff tweeting.

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  3. Jay

    Heh, seriously. Or is it just TLT setting up another bull trap? 😉

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    • Option Addict

      I was right though. Right to my price target. Are you getting long here again? I could go back into my puts.

      And if you are a male, please don’t wink at me.

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      • Jay

        I havent had any exposure one way or the other. Just an interested observer on this one. Big weekly chart bottom still in play though from my perspective. 🙂

        I hope smiling is allowed.

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  4. awanka

    I think we have further to fall, but discipline compels me to take a swing here. Took a (very) small position in SYMC. Never bought into retail this year, but want to try JWN soon.

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  5. cascadia

    Lots of red today, but nothing to cause concern about the markets. Looks like a buying opportunity, just a question of when to pull the trigger.
    I can’t find anything that I’ve been watching that now has a broken chart.
    Mostly sat tight, sold $SHAK for a gain because I don’t think it’s leaving the range on this move.
    Have a twitchy finger on $ERJ, $CLF, Banks and $KRE, $ONVO…

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  6. cascadia

    By the way, $PBYI could just be getting started on the move today. That gas tank is filled to the brim, lots of stored momentum to burn.

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  7. matt_bear

    funny how everything looked/felt great today.

    then rug pull today.

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    • probucks

      What r you saying? It looked like a bearish trend day since the open….

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  8. mensch

    Bought $GILD.

    Was this dumb?

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  9. dlrago8

    If we get a commodities dip this morning, or when oil reserves come out at 10:30am ET, which of these 4 would you be a buyer of: KMI, FCX, CLF or CLR? Pick one for hold until September time frame.

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  10. Beechoo

    China internet pain! Buying opp?

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  11. tonka

    Well, if you missed the first opportunity to buy one of the cheapest markets, it looks like we’re gonna get another crack at it.

    $EWZ

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    • Beechoo

      You think that market is cheap???. Haha

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      • tonka

        Shiller CAPE under 10 says it’s incredibly cheap. Got to around 5 at the bottom which is absurd. Could be wrong. Certainly safer than US for longer term positions. But EM’s have been cheap for a while now.

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        • Beechoo

          They’re cheap for a reason tho. Slowing growth. Depressed commodity prices

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  12. heisenberg

    Jeff, thoughts on $GILD here. Looking at Aug calls.

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  13. awanka

    Bought some more SYMC. Bought some long-dated JWN and immediately regretted it.

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  14. philsy13

    $ONVO trying to buck the trend

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  15. Richard

    CBI too soon to buy? Looks interesting and in the right space.

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    • thomasjefferson
      thomasjefferson

      Great spot to buy, but that volatility is outrageous. Leaps are ransom money. I was actually just on the chart before I came over here.

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    • Option Addict

      Listen to their call. Specifically about the Westinghouse situation.

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  16. cascadia

    Got in $ERJ and $ERZS LT, tempted to double my already full position of $FCX at $11.

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    • thomasjefferson
      thomasjefferson

      I joined you in $ERJ. I just noticed … is your pic Jeremy Roenick in NHL ’96?

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