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Irish 2.0
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Ranger222 said:

Like DIS if it closes above last week's high around $149.3

Also can gamble on SHOP or SQ...I am thinking about taking SQ Cs before close for a potential move back to 185 or 190. This would be for a short hold, nothing long term yet as I still feel overall direction is uncertain

Also back in on BJs....great relative strength here
I too am bullish on BJs...
Of course it was for that. In what universe did you think it was okay to post a naked man spreading open his butt cheeks on our platform?
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agdaddy04
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AG
Dang, too bad we didn't have any information prior on this one:
https://www.cnbc.com/2021/12/06/jack-in-the-box-buys-del-taco-in-575-million-deal.html

pretty hefty deal from where the share price was on Friday
McInnis 03
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AG
Ranger222 said:

Like DIS if it closes above last week's high around $149.3

Also can gamble on SHOP or SQ...I am thinking about taking SQ Cs before close for a potential move back to 185 or 190. This would be for a short hold, nothing long term yet as I still feel overall direction is uncertain

Also back in on BJs....great relative strength here
RDR on the weekly and they're buying it here again into close. $DIS
FTAG 2000
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AG
SPX held that 4590 to close. Nice.

Damn Mancini is good.
$30,000 Millionaire
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AG
Some things I did today:
  • Sold DIA puts. I don't care if I get assigned. This index is going to hold up the best IMO if tech multiples continue to puke
  • Sold ROKU 12/17 160P on the dip this morning. Also OK with being assigned
  • Bought more ENVX
  • Bought LEN and sold weekly 117C against it
  • Bought PFE and sold weekly 53C against it
  • Bought KWEB shares

Some things I'm managing:
  • I'm long SNAP at $52 cost basis. I'm selling weekly 52C against it and will keep doing so until I think this could go through
  • I am going to sell some dead weight I'm hanging on to. Strongly debating selling WWR and waiting 30 to rebuy.
M4 Benelli
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Am I the only one holding onto BIGC at the moment? I cut away all the tumorous tickers from my port, except this stinker. On a massive green day like this, it just sat there like a dead fish. Not looking too prettyin AHs either.

Debating between a DCA or cutting it out right at a vexing loss.
BaylorSpineGuy
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How frequently do the last couple trades of the day on a major index predict the next day? Today, last few trades were sales but the last 1 minute candle was a tall wick and small body green candle…some selling pressure to push price down at the end?

Any insight appreciated……
Spoony Love
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AG
I've got a way out of the money runner I just can't seem to let go. January expiry.
Triple_Bagger
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SAVA

Someone spent $500k on a 5/20/22 P45/30 spread today. Possibly just a hedge for someone holding a lot of shares or someone betting we drift lower.
Brewmaster
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AG
M4 Benelli said:

Am I the only one holding onto BIGC at the moment? I cut away all the tumorous tickers from my port, except this stinker. On a massive green day like this, it just sat there like a dead fish. Not looking too prettyin AHs either.

Debating between a DCA or cutting it out right at a vexing loss.
if I'd played puts on BIGC instead of vertical calls since a month or 2 ago, I'd be rich. No matter what the news on it, it can't seem to find bottom. I bailed a couple weeks ago.
Brewmaster
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Triple_Bagger said:

SAVA

Someone spent $500k on a 5/20/22 P45/30 spread today. Possibly just a hedge for someone holding a lot of shares or someone betting we drift lower.
quite a few tickers had protective hedges just before the close, so probably all it was. but there wasn't a bunch of bullish flow on anything major before the close either (there was some PTON).
irish pete ag06
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AG
irish pete ag06 said:

I've been focusing on trading breakouts from inside bars on the daily chart. Just a scalp or a day trade on the weekly options. Here's my watch list for tomorrow. (yellow lines are my triggers, blue lines are my targets to take profits or move stops up)

PFE
Bullish flow so I like calls better than puts.
Looking at the 55C if it confirms a breakout over 54.28... 53.5P if breaks under 53.72 (with a tight stop)


WMT
Bullish flow as well. I like the 140 or 141C on the break above. 135P if it breaks below 135.29 (but once again a tight stop with the bullish flow)


KR
Bearish flow so I like puts better here. 41P saw tremendous volume on Friday. Looking for a break below 43.27 for these.


I've got more but don't like the setup as much as these three.
Oh man... I missed the PFE put trigger. Got distracted with the day job... was tracking it when it came back to re-test on those 2 1-bars. What a move. Hate I missed this one.


Did not trade WMT well. Missed the quick entry off the open. Bought a pullback but ended up cutting it here too late... should have cut it much sooner when it lost the support of the 8-9 EMA cloud. Still a small loss, but should have been smaller.



KR
Was able to scalp a small profit off of this. Exited when I was going to be away from my computer and it had lost the 8-9 ema

Ragoo
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AG
Bought MARA 45c for $0.95 earlier today. Looking for a rebound in Bitcoin and small caps this week.
$30,000 Millionaire
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AG
M4 Benelli said:

Am I the only one holding onto BIGC at the moment? I cut away all the tumorous tickers from my port, except this stinker. On a massive green day like this, it just sat there like a dead fish. Not looking too prettyin AHs either.

Debating between a DCA or cutting it out right at a vexing loss.
It looks like a perfect bearish setup.
FTAG 2000
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AG
$30,000 Millionaire said:

M4 Benelli said:

Am I the only one holding onto BIGC at the moment? I cut away all the tumorous tickers from my port, except this stinker. On a massive green day like this, it just sat there like a dead fish. Not looking too prettyin AHs either.

Debating between a DCA or cutting it out right at a vexing loss.
It looks like a perfect bearish setup.
What's the strategy with something like this? There's only sixteen months of history on this ticker and it's at it's all time low.
$30,000 Millionaire
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AG
BaylorSpineGuy said:

How frequently do the last couple trades of the day on a major index predict the next day? Today, last few trades were sales but the last 1 minute candle was a tall wick and small body green candle…some selling pressure to push price down at the end?

Any insight appreciated……
this is really hard to answer. The short answer is nothing definitively predicts the next day because a news cycle can happen anytime.

The candle today could have been profit taking, end of day buying, short covering, etc. The closing price of the day is what I pay attention to
$30,000 Millionaire
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AG 2000' said:

$30,000 Millionaire said:

M4 Benelli said:

Am I the only one holding onto BIGC at the moment? I cut away all the tumorous tickers from my port, except this stinker. On a massive green day like this, it just sat there like a dead fish. Not looking too prettyin AHs either.

Debating between a DCA or cutting it out right at a vexing loss.
It looks like a perfect bearish setup.
What's the strategy with something like this? There's only sixteen months of history on this ticker and it's at it's all time low.
if I were going to trade this, I would consider the following:

  • short rally from descending 8 EMA
  • short on loss of today's lows with a tight stop

This is pretty extended to the downside and it will probably stop soon, but that doesn't mean it's high probability to go long. The market knows this because 40P for December are 1.58 and 40C are 2.50 or so. A reversal would be price that gets and stays above $44 area.

If this was a long, the current price we are at would be your profit target and you would trail stops from here. You probably wouldn't enter long, but you also wouldn't short it. Play it the same way in reverse.
ProgN
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M4 Benelli said:

Am I the only one holding onto BIGC at the moment? I cut away all the tumorous tickers from my port, except this stinker. On a massive green day like this, it just sat there like a dead fish. Not looking too prettyin AHs either.

Debating between a DCA or cutting it out right at a vexing loss.
How long have you actively been in the market? Do you use technical analysis? I'm not judging or beating up on you, just need to know.

BIGC is a good company, but it's at a 52 wk low and will probably go lower. It's under pressure because people are selling and have sold for tax loss harvesting. Don't expect it to move significantly higher until 2/2022. I'm not in it but it's on my radar for the last week of December to start a position.

December is an anomaly because stocks near their lows will get crushed even if their business model is great because of tax loss harvesting. Mega caps at their highs will usually go higher even if they're overextended due to year end window dressing.

If you're frustrated because BIGC and stocks in the same situation are weak when the market is higher, then you should expect it going forward. Honestly, the last week of December is a great time to buy solid good companies that are on sale.
gougler08
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AG
ProgN said:

M4 Benelli said:

Am I the only one holding onto BIGC at the moment? I cut away all the tumorous tickers from my port, except this stinker. On a massive green day like this, it just sat there like a dead fish. Not looking too prettyin AHs either.

Debating between a DCA or cutting it out right at a vexing loss.
How long have you actively been in the market? Do you use technical analysis? I'm not judging or beating up on you, just need to know.

BIGC is a good company, but it's at a 52 wk low and will probably go lower. It's under pressure because people are selling and have sold for tax loss harvesting. Don't expect it to move significantly higher until 2/2022. I'm not in it but it's on my radar for the last week of December to start a position.

December is an anomaly because stocks near their lows will get crushed even if their business model is great because of tax loss harvesting. Mega caps at their highs will usually go higher even if they're overextended due to year end window dressing.

If you're frustrated because BIGC and stocks in the same situation are weak when the market is higher, then you should expect it going forward. Honestly, the last week of December is a great time to buy solid good companies that are on sale.
I think tax harvesting is the only reason to bail on BIGC right now...solid company that will rebound in 2022 (at least it should)
BaylorSpineGuy
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OA has maintained he is quite bullish on this company as recently as a few weeks ago. I will hold here. Their last quarterly report was solid.
gougler08
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AG
I've used this dump to finally just part ways with a bunch of crap that I did over the summer and trying to reset for 2022. Reduce my tax bill a bit and a solid reminder to action my alerts on stops instead of hoping for better
ProgN
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Correct, but small investors should have done it in November and raised cash to be in the position to capitalize on the December tax loss selling in December. I did, and there's a lot of very good companies on sale now and I'm positioned to take advantage of it. No one should use logic and fundamentals in December, nor pray a beaten up stock will rally.
CheladaAg
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gougler08 said:

ProgN said:

M4 Benelli said:

Am I the only one holding onto BIGC at the moment? I cut away all the tumorous tickers from my port, except this stinker. On a massive green day like this, it just sat there like a dead fish. Not looking too prettyin AHs either.

Debating between a DCA or cutting it out right at a vexing loss.
How long have you actively been in the market? Do you use technical analysis? I'm not judging or beating up on you, just need to know.

BIGC is a good company, but it's at a 52 wk low and will probably go lower. It's under pressure because people are selling and have sold for tax loss harvesting. Don't expect it to move significantly higher until 2/2022. I'm not in it but it's on my radar for the last week of December to start a position.

December is an anomaly because stocks near their lows will get crushed even if their business model is great because of tax loss harvesting. Mega caps at their highs will usually go higher even if they're overextended due to year end window dressing.

If you're frustrated because BIGC and stocks in the same situation are weak when the market is higher, then you should expect it going forward. Honestly, the last week of December is a great time to buy solid good companies that are on sale.
I think tax harvesting is the only reason to bail on BIGC right now...solid company that will rebound in 2022 (at least it should)
I'm averaging down on this one.
ryanhnc10
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AG
Anyone starting to look at COUP (Coupa Software) after their sell off after earnings today? I'm getting interested around here for a longer term hold
Irish 2.0
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Be very very careful about buying ER selloffs. I know it's tempting, but most aren't done selling the following day. Remind me tomorrow and I'll take a look at the chart and some levels if you'd like
Of course it was for that. In what universe did you think it was okay to post a naked man spreading open his butt cheeks on our platform?
-Moderator
Triple_Bagger
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Irish 2.0 said:

Be very very careful about buying ER selloffs. I know it's tempting, but most aren't done selling the following day. Remind me tomorrow and I'll take a look at the chart and some levels if you'd like
I think puts are the ER play on these companies that don't make money. DOCU, ASAN, and COUP have all sold off after ER in the last few days.

I'm planning to play puts on CHWY this week.
CHWY is valued at 3,000 P/E and is expected to report negative earnings Thursday.
$30,000 Millionaire
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AG
Triple_Bagger said:

Irish 2.0 said:

Be very very careful about buying ER selloffs. I know it's tempting, but most aren't done selling the following day. Remind me tomorrow and I'll take a look at the chart and some levels if you'd like
I think puts are the ER play on these companies that don't make money. DOCU, ASAN, and COUP have all sold off after ER in the last few days.

I'm planning to play puts on CHWY this week.
CHWY is valued at 3,000 P/E and is expected to report negative earnings Thursday.


I'd like to, but not seeing an R/R scenario I like
Triple_Bagger
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Today's 10% dip definitely messed up the option pricing. I'm hoping it stabilizes or goes up the rest of the week.

If premiums don't come down, I'll enter a put spread. P55/50 is about a buck right now but should drop a bit as the week goes on. If I can get the P50 for under $1, I'll probably go that route. I plan to buy EOD Thursday.

ER is Thursday AMC.
Irish 2.0
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I could see the CHWY ER being a massive premium crush
Of course it was for that. In what universe did you think it was okay to post a naked man spreading open his butt cheeks on our platform?
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Triple_Bagger
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Anything is possible, especially in this market. Based on recent trends, I'm willing to gamble on this play.
M4 Benelli
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Up until 2020 just indexed bogelheads style. Up until I found this forum, never listened to TA. Hence why Id gladly hold a stock not popping if I believe in the thesis. Bought Into BIGC primarily off this forum after it gave me some victories. I drank the TA kool-aid so to speak.

Greed is a helluva drug. I appreciate everyone's input.
Brewmaster
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AG
BaylorSpineGuy said:

How frequently do the last couple trades of the day on a major index predict the next day? Today, last few trades were sales but the last 1 minute candle was a tall wick and small body green candle…some selling pressure to push price down at the end?

Any insight appreciated……
sometimes too it's a dark pool buy ahead of a big move (up or down). I know that doesn't help a lot, but ABBV today, had a 8 mil 1 minute candle at the close. That's basically 1 bil in ABBV stock in one buy, lol, also basically doubled the daily avg volume for today. The setup looks bullish, so I'm leaning bullish with a huge buy like that.
cjo03
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Irish 2.0 said:

Be very very careful about buying ER selloffs. I know it's tempting, but most aren't done selling the following day. Remind me tomorrow and I'll take a look at the chart and some levels if you'd like

I learned this on ZM back in August. Dropped like 12% immediately following ER. I bought it. It dropped a lot more.
$30,000 Millionaire
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AG
Some easy advice I don't always follow myself. Don't buy a stock until the bollinger bands turn positive.
ProgN
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M4 Benelli said:

Up until 2020 just indexed bogelheads style. Up until I found this forum, never listened to TA. Hence why Id gladly hold a stock not popping if I believe in the thesis. Bought Into BIGC primarily off this forum after it gave me some victories. I drank the TA kool-aid so to speak.

Greed is a helluva drug. I appreciate everyone's input.
Cool, here's a little advice. Start learning different parts of technical analysis. It's not absolute, but it's not voodoo either. It will minimize expensive mistakes but you'll learn more from the mistakes you make. Don't try to learn and master all the indicators because IMO that's detrimental to your growth as a trader/investor. Trying to apply every indicator is like our statistics class at A&M, when the prof said you could prove a dandelion could hold an elephant hanging from a cliff if you had enough data. I suggest finding 3 that appeal to you and that you can apply to past trades and see your mistakes. When you can do that, then you'll be better able to predict moves in stocks that meet your criteria. My 3 favorites are stochastic, MACD, and RSI when I evaluate a trade. Mazag08 loves Elliott Wave theory. Neither one of us is right or wrong, we just approach trades from different comfort zones. Start small, you're not cramming for a final. Google a TA indicator for explanation, then go watch a couple of Youtube videos about it, TDA has excellent tutorial vids.

Also, don't blindly put your money at risk EVER. If a trade intrigues you, see if it confirmed by what your chart tells you. This forum is great and a wealth of experience is freely shared, but no one makes perfect picks. If any of us did, I doubt we'd be on TexAgs. Personally, if my picks rang the register every time, then I'd be a younger version of Hugh Hefner.

You're on this thread so you have the ambition and intelligence for controlling your trades/investments, now just give it some attention to learn the trade and refine your craft.

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