oldarmy1 said:

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Ragoo said:

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Aggie09Derek said:

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Cowboy Curtis said:

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NFLX flirting with $400

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And blew right past it.

If only I had held my entire position that I started 6+ years ago.

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i had 686 shared at $102. I sold 600 for a 12% gain and have kept the rest.

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I love you Ragoo. Does that help? Ouch!

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it hurts seeing, but difference has doubled in the same time frame so only hurts like one black eye, not two.

Guys I am traveling and the chart is incorrect. I can't get a refreshed update that includes today. We are actually on Day 2 of those bottoming of a wave (should the pattern repeat). Would someone mind posting a complete up to date chart?

Micron is your next opportunity to Netflix yourself.

Trading at under 5x forward PE......and ......and ....... already announced they will by back 1/6 of the outstanding shares. Good Lord.

Bonfire1996 said:

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Micron is your next opportunity to Netflix yourself.

Trading at under 5x forward PE......and ......and ....... already announced they will by back 1/6 of the outstanding shares. Good Lord.

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talked about this awhile back. Is volatile, played with by the big guys. Beat their own revised earnings by .03 today at 3.15. Raised guidance above that for next qtr. Stock at $60. Keep saying this time is different by mgmt, but analyst keep trying to say it is a commodity stock thus the low PE. A few qtrs ago net debt was $8B. Now is cash positive. Starting Q1 2019 (Nov 2018) it begins a $10B buyback. I did get moved out of some of my shares, at a profit, but am back up to 4,000 shares again. The pop was small given the beat (approx .40 over orig analyst estimates before company revised one month prior to issuance). Do your own DD. Have a stomach for moves. Buy the dips. Look at the chart, my god it moves. Traders dream.

Update chart including range of futures thus far this morning. This is Day 3 of the lower support wave (All previous and current support formations circled in yellow). If it holds then you can anticipate a break higher. However, if this repeating pattern on wave 4 fails then its a wait and see point. As a general rule 4 waves of higher lows and higher highs is quite unusual because the proverbial cat is out of the bag and everyone can easily see what I've circled and shown you.

So what happens when that unusual pattern breaks? We could see a lower high on the next uptrend catching people buying thinking all is clear. We could pause at previous high resistance getting people to sell and then surprise breakout upward further. Or we we could see a breakdown of the pattern challenging new lows. Yeah - in other wordsa 4th wave is not something to be traded with as much confidence as we did the previous 3.

MU rocking after earnings guidance. BOX up premarket and I have a large option position on it.

OLED was one of my long-term planted stocks. Purchased in the $50's originally and I sold 100% out at $190 when the 2nd peak above $200 failed quickly back signaling exhaustion. You may recall a naked option trade that worked out well. Well now it has completely filled the long term gap up as indicated by the big arrows.

You can see it filled the gap and had a bounce but has now come back down to that previous support level.

This is an excellent inflection point for getting either a multi-option strategy in place (Strangles/Iron Condor) or taking a straight stock buy with either a stop loss or I prefer to buy a Put option $5 below the entry price cheaper (out 2-3 weeks) and use it for any flash down protection while seeing if longterm trend reversal turns back green. On the positive side we have the obvious gap fill support. On the negative side you see the last large volume spike was right near the top of the 1st gap fill bounce. So this is not as clear as I would like but I am entering several strategies including repurchasing shares with Puts.



This 2nd chart shows that current price is more in line with a longer term trend. OLED clearly got way out ahead of itself but is now close to what a normalized trend upward would have placed it.

Experts at Merril Lynch

Significant event for symbol SWN
From a trader friend who entered all 3 of my OIL posted buys.

Yo RT - I sent my ML Broker a gift card to BedBath&Bynd and told him to sleep on this...


SWN
SOUTHWESTERN ENERGY CO

250000
$3.59
$897500

--
--
Underperform
C-3-9
02/15/2018
Action for symbol SWN

Current Value: $1342500

Frisco86 said:

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Bonfire1996 said:

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Micron is your next opportunity to Netflix yourself.

Trading at under 5x forward PE......and ......and ....... already announced they will by back 1/6 of the outstanding shares. Good Lord.

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talked about this awhile back. Is volatile, played with by the big guys. Beat their own revised earnings by .03 today at 3.15. Raised guidance above that for next qtr. Stock at $60. Keep saying this time is different by mgmt, but analyst keep trying to say it is a commodity stock thus the low PE. A few qtrs ago net debt was $8B. Now is cash positive. Starting Q1 2019 (Nov 2018) it begins a $10B buyback. I did get moved out of some of my shares, at a profit, but am back up to 4,000 shares again. The pop was small given the beat (approx .40 over orig analyst estimates before company revised one month prior to issuance). Do your own DD. Have a stomach for moves. Buy the dips. Look at the chart, my god it moves. Traders dream.

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If I was to buy MU today, what is the best route?

set a limit buy at 58.95 (previous close before gap up)? Or something else I'm not looking at

oldarmy1 said:

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Experts at Merril Lynch

Significant event for symbol SWN
From a trader friend who entered all 3 of my OIL posted buys.

Yo RT - I sent my ML Broker a gift card to BedBath&Bynd and told him to sleep on this...


SWN
SOUTHWESTERN ENERGY CO

250000
$3.59
$897500

--
--
Underperform
C-3-9
02/15/2018
Action for symbol SWN

Current Value: $1342500

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Your trades have a couple more 0's after them than mine do

gougler08 said:

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oldarmy1 said:

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Experts at Merril Lynch

Significant event for symbol SWN
From a trader friend who entered all 3 of my OIL posted buys.

Yo RT - I sent my ML Broker a gift card to BedBath&Bynd and told him to sleep on this...


SWN
SOUTHWESTERN ENERGY CO

250000
$3.59
$897500

--
--
Underperform
C-3-9
02/15/2018
Action for symbol SWN

Current Value: $1342500

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Your trades have a couple more 0's after them than mine do

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This one is a friend of mine who followed me on the trades. I don't post my trade sizes.

CRON making a decent move.

You don't have to. You post your strategy and then anyone that can read the charts can get a pretty good idea of approximately how many shares you bought.

Looks like DJI is testing that lower trend line early this morning...let's see if it bounces or not

DOW hit new low on this 3rd day of wave consolidation. Volume spike just came in so bulls trying to set bottom. Day traders would be buyers right now. Here's what that looks like on a minute chart. HOWEVER, two big sell spikes larger than this green one just came in which now gives us an excellent confirmation that this is the war zone between bulls/bears.

KR with a good beat. Picking this and TGT up at the bottom from amazon fears has turned out pretty well for me so far.

Here is volume spikes which are continuing as I post.

Bought KR at 23.13.

Are you staying in or looking for a price to exit?

Those huge volume sells flipped my portfolio lol

PBR also showing why I posted exiting the trade up around $10 as well. Big volume short-lived spike played out.

FYI... Had purchased OLED Put option at open while stock above $88 and now buying stock against that below $87. That's how I use the macro market to my favor.

Supreme Court siding with NJ on online sales tax. That is huge. AMZN and online retailers and businesses dropped quickly but found support for now.

Settling right back to that 2750

Give me a V bottom OLED.

OLED $88. Man I love it when a strategy comes together!

I'm in at 22 something. Staying in both since I believe they are executing on their long term growth initiatives and continue to grow earnings and dividends. Probably the only exposure I want or need in retail and I got both at good value.

Wow, AVEO tanking HARD. Didn't see that coming today

Anyone else jumping back on IQ and JD.com?

UpstateAg said:

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Anyone else jumping back on IQ and JD.com?

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I bought JD a few days ago at 41.50 (OA1 was doing the same and I'm learning he's got good advice), seems like this is a market over-reaction to the trade war piece and will come back up at some point

I like BOX Jul 20 $32 calls at $.55

Target exit price $1.50

I sold JD puts at $40 strike

UPL and RRTS that I previously posted about with 10%+ moves up the past couple days. Charts are both setting up nicely. I've been cautious and haven't entered either yet.

In hindsight both were clear buys under $2. Oh well, still learning!

oldarmy1 said:

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I like BOX Jul 20 $32 calls at $.55

Target exit price $1.50

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I'm in! Now hold my hand through this....

ryanhnc10 said:

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Wow, AVEO tanking HARD. Didn't see that coming today

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engulfing candle.....talk to Ragoo on meaning

BT1395 said:

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oldarmy1 said:

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I like BOX Jul 20 $32 calls at $.55

Target exit price $1.50

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I'm in! Now hold my hand through this....

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