Y OH Y DID U NOT BY?

Think I’ll book some of this $YY up here and use the proceeds to buy some $CYBR we talked about earlier this week. Got the pullback I wanted, l o l.

Reminder, no After Hours with Option Addict today, but last nights watchlist is fire! Almost better than last weeks $AAOI, $PYPL, $SQ, blah…blah…blah.

HAGW

OA

OA BUY: $SNAP & $YY

I bought shares of $SNAP this morning at $15.30 and $YY calls this morning as well.

I’ve been on a consistent streak of inconsistency the last few months. Dating back to my crucifixion of my $SNAP trade.

I figure to end a streak, go back to where you started. So I bought some $SNAP.

Fuck you.

OA

ONE LAST SNAP CHART

Seems like $SNAP took on more of a $FB style comparison. Interesting, no?

OUTLOOK FOR OIL – DECIDEDLY NEUTRAL

Well, here’s my final tally…

Which Comes First for Crude? $40 or $50?

$50 – 52%

$40 – 48%

Seems the crowd is torn on the next 10% move from here. I was simply trying to gauge the level of optimism/pessimism here, but am very surprised to get such a neutral response.

If we’ve really found neutral ground, it likely means we’ve found a price that we’ll pin or trade around for the next few weeks. We’ll see how that goes.

Thanks for your participation.

NEXT MOVE FOR CRUDE? POLL INSIDE

I’m curious on what you think here about oil. What comes first – $40 or $50?

CLICK HERE to cast a vote or copy and paste the link below.

https://www.surveymonkey.com/r/ZHX868H

OA BIO BUYS

I sold a small block of $LABU to buy some $GNCA and $IDRA.

Hanging on to the others, hoping for the next leg up soon.

Got any biotech you’d buy here?

THE NEXT TWO WEEKS WILL BE THE WORST OF THE YEAR

I should clarify.

Not “worst” in terms of performance. “Worst” in terms of…”I woke up and showered for this?”

Most of you were wise enough to hit the road already. But I’ll tell you, there’s nothing worse than sitting inside…watching pixels change red to green while the sun is shining, birds are chirping, and kids are home playing.

What you see happening on the screens today is what the week before and after the 4th is going to look like. In other words, if you’re missing out on some fun that could be had, wise up and get the fuck out of here. Only miserable people like myself opt to sweat it up in front of the screens rather than outside in the sun.

I find nothing interesting here. No story to tell, no analysis to spew. I sat here for three hours meditating for inspiration on what to blog about today, and this was all I came up with.

Book a gain somewhere and treat yourself to a trip. No doubt, this will be here when you get back.

OA BUY: $OPK

This week and next, I’m running a daily scan looking for liquid biotech names and buying the weakest name in the group. Today $OPK was the biggest decline (on all stocks with at least 300k avg volume).

I’ll do this daily til $IBB hits $330.

After Hours with Option Addict crew, I had something come up today and won’t be able to meet. Will be on for tomorrow though, we’ll put together next weeks watchlist.

OA

 

A TRADE TURNED INVESTMENT: $LABU

Back in my accumulation mode of 2015-2016 I happened across $LABU. I picked up a decent sized stock position at a basis of just over $6. After a lot of time gone by, a 1:4 reverse split, and a whole lot of nothing to show for it, the ETF is finally breaking out.

I still own some $PBYI, $ONCE, $GBT as well as some recent $MNK and $GILD calls (this morning).

Like any biotech rally, I’m sure it fizzles and turns to shit like all else…but the action in all these stocks on weekly charts looks like an initiative move. In other words, the start of something rather than the end.

Time will tell. Got any bio on?

BREAKING BLOG SILENCE

Back from Boot Camp, ready and refreshed to tackle shitty summer market action.

Prior to my blogging hiatus, I spoke of the rotation that took place after the Comey testimony. While some felt I was being too jumpy, I noticed that while most said the outcome was “a bunch of nothing” I noticed that FANG stocks as well as the rest of the market favorites were sold off while energy, materials and retail stocks caught a big bid – in the exact same way that they did at the election. Nothing permanent, but clearly some profit taking to send capital back at the Trump trade as his odds of impeachment contracted a bit from their mid-May spike.

It’s important to recall, those market darlings were of the few/only stocks that went lower and nowhere for months following the election…while small caps, banks, infrastructure, materials and energy all ripped for 2-3 months on average.

The action in FANG looks like the start of a range again. It was interesting to see the crowd excited to buy the dip on the first few occasions, then get bearish on Friday after getting no love on the long side last week.

Should you choose to buy these, please use your strategic senses…don’t chase.

Thrilled to see risk on, but not thrilled to be painted into today’s prices. Thanks anyway.

Page 4 of 72« First...23456...102030...Last »