Just do what I do and average down. And again. And again.

Nflx is not in a good spot...

SoTXAg09 said:

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Just do what I do and average down. And again. And again.

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When you average down do you ever sale on trend bounces? Buy $45, average down $40 and sale those at $42.50 unless you have major volume which then I'd count on $45 to sell those average down shares.

Also, I use call options a bunch. I have ALGN for example and sold a $6 premium against the shares. Those got down to $0.60 yesterday and I bought them back locking in $5.40. Then it bounced above $178 this morning and I sold covered calls again. Love doing that

I do, when it works out that way. But I also bought Roku at 150, so hard to average that down too much. Dumb, I know.

Reverse H&S on the ROKU 1 minute?

Ragoo said:

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Reverse H&S on the ROKU 1 minute?

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yes

JD is so fun. I bought the $31.50 Puts up near highs and sold a few thousand shares too. Exchanged those shares for a 7-8 $32.50 call. Give up 42 cents if it broke and run. But with the pullback I bought back the shares sold and have $250/1000 shares locked in with the $31.50 Puts.

FSLR quick move back upward.

TRNX has now met NASDAQ listing compliance.

oldarmy1 said:

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TRNX has now met NASDAQ listing compliance.

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Dammit, I'm gonna have to buy into it again....

oldarmy1 said:

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sold a few thousand shares.

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Je suis les potato petits

And OSTK fades into the close yet again.

Damn FOMO gonna get me on OSTK, I was telling myself for last couple days dont do it, dont do it.. and I did it

oldarmy1 said:

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This is where you get your $31.50 JD puts in place again. Just as last two times when it was approaching $32....up 86 cents you are willing to give up 12-13 cents of that just in case markets don't bust loose.

S&P bumped up against the strong resistance. Either explosion or failure. Plan accordingly because explosion is happy times....failure again and I suspect a much deeper consolidation to shake out things.

Also, what I did was buy the $31.50 Puts but also bought $32.50 calls for 7-8 cents. If it explodes those will way more than offset the Puts.

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I saw this and loved the trade so here's what I did:

-bought 10 options each of the weekly 32.5 call at .06 and 31.5 put at .16, total cost $220
-sold half (5) of the 31.5 puts at .51 for $255
-bought 5 of the weekly 31.5 calls at .07 for $35

Now I'm net free for tomorrow:

-5x 31.5 puts
-5x 31.5 calls
-10x 32.5 calls

Thanks for sharing OA!

59 South said:

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oldarmy1 said:

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This is where you get your $31.50 JD puts in place again. Just as last two times when it was approaching $32....up 86 cents you are willing to give up 12-13 cents of that just in case markets don't bust loose.

S&P bumped up against the strong resistance. Either explosion or failure. Plan accordingly because explosion is happy times....failure again and I suspect a much deeper consolidation to shake out things.

Also, what I did was buy the $31.50 Puts but also bought $32.50 calls for 7-8 cents. If it explodes those will way more than offset the Puts.

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I saw this and loved the trade so here's what I did:

-bought 10 options each of the weekly 32.5 call at .06 and 31.5 put at .16, total cost $220
-sold half (5) of the 31.5 puts at .51 for $255
-bought 5 of the weekly 31.5 calls at .07 for $35

Now I'm net free for tomorrow:

-5x 31.5 puts
-5x 31.5 calls
-10x 32.5 calls

Thanks for sharing OA!

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I bought the $31.50 calls as well at the close on the cheap. I also sold my $31.50 Puts due to a little better premium and own the $31 Puts. So any downside tomorrow I'm Teflon man. Any run up to retest and I sell those shares I had sold up near $32 and then repurchased this afternoon.

Markets want to play - I'm your Huckleberry!

La Bamba said:

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And OSTK fades into the close yet again.

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Patience dudes... just yesterday the market was digesting the former CEO selling all of his shares for $90 million and putting it in gold and crypto. Oh and flying to Australia to do some R&R and diving.

It was 14's pre-market this morning, until a big bump. Someone buying a boat load, enough to move it up a full $1.

Once the digital dividend is SEC registered and they announce the new date, we'll get a healthy move up. Last time it was 15, it hit 25 in 2 weeks. It's a swing trader and scalper's dream. It needs to build though and become more, retail make some green will help.

khaos288 said:

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oldarmy1 said:

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sold a few thousand shares.

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Je suis les potato petits

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LOL - underrated post. although I think potato is technically "pomme de terre", no?

Oui oui

My vocabulary needs some refreshing

https://www.marketwatch.com/story/overstock-founder-tried-to-squeeze-short-sellers-then-sold-out-when-the-sec-cracked-down-2019-09-19?mod=mw_theo_homepage

Interesting opinion piece on OSTK

Hmmm...well played BYND...
https://www.reuters.com/article/us-beyond-meat-moves/beyond-meat-names-former-tesla-executive-as-coo-idUSKBN1W42ZU

I'm alive!
Been a while since posts. I haven't done much while waiting for dust to rise and gold to die. Was able to go from mid 6s with last sells at 8.2s (thanks to patience and risk maintenance). Still have a lot to learn tho.

TRNX looks really good. Thanks OA! 2.29 is the level to break for action.

Started MDR today. 30 cents risk off 1.50s entry imo. Larger risk percentage but believe gains is 2-3 x risk and potential double bottom forming.

ETHE something to look into with ethereum getting a nice uptrend. >note this is valued 100% higher than amount of coins owned by the fund< Thesis here is eth becomes alt to own as market catches up to btc.

TWTR nice consolidation before next push imo. Looking for 45s next week.

Still have some of my favorite bags: TLRD and GME. Still red on both.

Just ideas. Not recommendations, feel free to look into further before buying.

docaggie said:

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https://www.marketwatch.com/story/overstock-founder-tried-to-squeeze-short-sellers-then-sold-out-when-the-sec-cracked-down-2019-09-19?mod=mw_theo_homepage

Interesting opinion piece on OSTK

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Yeah that's a common weak argument shorts point to. He resigned weeks ago, but they act like he's still in charge, ha. Another problem is he sold around $19, not at 29 or even in the 20's...and 29 is no squeeze with the ammo that was loaded. I think it would've doubled based on the # short. When the dividend date hits there should be a nice squeeze. All shorts have to close out their positions or buy stock. I'm not holding my breath, but if the SEC allows it, it will be fun to watch the fireworks.

Any new news on ROKU? I can't find anything for the drop.

badharambe said:

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I'm alive!

Started MDR today. 30 cents risk off 1.50s entry imo. Larger risk percentage but believe gains is 2-3 x risk and potential double bottom forming.

Just ideas. Not recommendations, feel free to look into further before buying.

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Woke up to $3 this morning!

badharambe said:

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badharambe said:

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I'm alive!

Started MDR today. 30 cents risk off 1.50s entry imo. Larger risk percentage but believe gains is 2-3 x risk and potential double bottom forming.

Just ideas. Not recommendations, feel free to look into further before buying.

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Woke up to $3 this morning!

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Nice timing on that one

Quote:

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Roku Initiated at Sell by Pivotal Research

6:42 am ET September 20, 2019 (Dow Jones) Print
Ratings actions from Benzinga:

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Quote:

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Roku started at sell with a $60 stock price target at Pivotal Research

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Who in the hell is Pivotal Research?

The shorts are going to bludgeon ROKU today. Happy f'ing Friday.

Olag00 said:

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at 5:32am, Pivotal Research comes out and says SELL ROKU and price target is $60.

at 6:17am Oppenheimer comes out and says BUY ROKU and price target raised from $120 to $155.

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i mean, wtf

Ragoo said:

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Olag00 said:

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at 5:32am, Pivotal Research comes out and says SELL ROKU and price target is $60.

at 6:17am Oppenheimer comes out and says BUY ROKU and price target raised from $120 to $155.

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i mean, wtf

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Fake News. What better way to try and manipulate the markets.

I'm not going to be a sheep, I'm gonna be a Bull!

You still in those $120s?

mrad85 said:

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Ragoo said:

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Olag00 said:

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at 5:32am, Pivotal Research comes out and says SELL ROKU and price target is $60.

at 6:17am Oppenheimer comes out and says BUY ROKU and price target raised from $120 to $155.

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i mean, wtf

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Fake News. What better way to try and manipulate the markets.

I'm not going to be a sheep, I'm gonna be a Bull!

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It's amazing to me that the SEC let's companies do the blatant market manipulation

PDEMDHC said:

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So my dad owns quite a bit of AT&T stock that he accumulated over his 38 years there prior to retirement and loves the 6% dividend. He's at the point of debating what he should do with it. He certainly has blinders on as he wants to keep buying T stock, but he can liquidate at any time and reinvest in other stocks.

If anyone had a good article he could read to get more information, I know he'd appreciate it. I saw this morning they are considering selling directTV, so sent that to him to read.

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https://watchdogonwallstreet.com/article/even-blue-chips-die/


Sorry if the link doesn't work. Typing in "even blue chips die" will work. When I first read this article in 2007, I thought it was over the top. One of their predictions nearly came true. It definitely came true if your dad had GE instead of AT&T.

I would use this article plus the advice of this trading to diversify. I would also try to do it with little to no tax, if possible. I assume his gains are enormous.

TEUM in a freefall

IrishTxAggie said:

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You still in those $120s?

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yes, I have time. But I was up a lot and now down a little.