gougler08 said:

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IrishTxAggie said:

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Hope no one is in HMNY. It's a goner

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From over 9000 a share to gone in a year, wow

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It wasn't really at 9000. Just looks like that because they reverse split last week when they were at .08.

oldarmy1 said:

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NFLX lost major support 342 and free falling.

FANG stocks should be heavily leveraged if staying in them. So glad I rotated out!

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In the next few months, you see it heading back up towards 400 or no?

That RRTS option buyer is back sitting at 15 cents for a stock sitting at $2.18. That makes zero sense to me. Shares would have to trade $2.65 by August 17th for those to pay off.

Your net buy price would be $2.35, so why wouldn't you just buy the stock at $2.18 with a stop 15 cents lower?

And yes, I am sitting at the bid at 5 cents because I sold a bunch of covered calls at 40 and 45 cents. Was wanting to clear those before earnings but this yahoo is blocking me.

There was no bid on them at 9:30 when I placed initial bid of 5 cents to buy them back. Immediately a 10 cent bid jumped me and new 15 cents.

I see sme buying interest today but nothing major yet. If we hit $2.30 I'm buying shares to offset covered calls position. Not gonna lose all my shares on a potential earnings pop.

oldarmy1 said:

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$24.24

Also, of oil stocks recover after the sell off add NE

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Interesting about NE.

Why them vs RIG, SDRL or some of the newer off-shore operators?

gougler08 said:

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oldarmy1 said:

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NFLX lost major support 342 and free falling.

FANG stocks should be heavily leveraged if staying in them. So glad I rotated out!

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In the next few months, you see it heading back up towards 400 or no?

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Getting more and more competition but it will remain a major player. That said the markets are not going to pay huge premiums on P/E with uncertainty.

UpstateAg said:

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LADR is down. Not a bad spot to jump in.

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Great call.

TWTR below 32

OldArmy, you bought calls on MS?

0708aggie said:

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OldArmy, you bought calls on MS?

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Yup. Not a huge position because its sector related hut I caution that the sector has been giving back early pop since 9am.

But no telling where day trend takes it.

RRTS $2.22

Grrrr

I know a lot of you are in it and want it to pop but help a fella out!

Thanks. Did you end up buying calls on GME?

0708aggie said:

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Thanks. Did you end up buying calls on GME?

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Yessir

Damage may be subdued rest of day, but I believe we still see continuation of downside move into tomorrow.

TWTR through trendline that was started on Nov 2017 earnings. 200 day at 30.2

NFLX has a date with 331 support. After that 316 looks interesting and 200 day all the way down to 283.5 doesn't look impossible

FB believe we see 161 for sure. Maybe 158s

GOOGL I'm buying this one if it gets to 1205-1210. This should be the first name to recover when things get better

SQ I'm watching for 59

Some of my favorite med tech names getting pounded more than QQQs....AXGN could go to 40 or below to 36s, TDOC down to 55s, ALGN to 330s.

Hopefully there is cash on hand to take advantage of some of these prices. We could be at the beginning of a short term downtrend here, but the overall long term bull market still intact.

Financials back in gear. JPM and BAC back near days highs.

MS recovering now.

Jumped into V down $4.60

Ranger222 said:

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Damage may be subdued rest of day, but I believe we still see continuation of downside move into tomorrow.

TWTR through trendline that was started on Nov 2017 earnings. 200 day at 30.2

NFLX has a date with 331 support. After that 316 looks interesting and 200 day all the way down to 283.5 doesn't look impossible

FB believe we see 161 for sure. Maybe 158s

GOOGL I'm buying this one if it gets to 1205-1210. This should be the first name to recover when things get better

SQ I'm watching for 59

Some of my favorite med tech names getting pounded more than QQQs....AXGN could go to 40 or below to 36s, TDOC down to 55s, ALGN to 330s.

Hopefully there is cash on hand to take advantage of some of these prices. We could be at the beginning of a short term downtrend here, but the overall long term bull market still intact.

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Thanks as always for the analysis, glad to hear you think long term the bull market is still there (and the tech stocks will come back up).

FDC potential intraday double bottom. Day traders buying here at $22.98 with tight $22.85 stop

JD tested major resistance again (around $34.75 from May 31) and bounced off again. I'm still long on this, but it'd be nice to get away from this bottom resistance and start the path towards some returns soon!

0708aggie said:

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Thanks. Did you end up buying calls on GME?

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No idea why it had an equity break sending shares down but nearly recovered now.

What calls did you buy? 8/24 15's are at 0.53

News driven break out on Trump meeting with Italian PM. Could be short lived.

I went cheap on the GME hoping for a breakout August 3rds.

The V buy was spot on.

FDC double bottom signal spot on too.

CHK I'm 100% positive Friday's engulfing candle was to slow down momentum by shorts. Whether we see more upside accelerate now that people can see it hold on that huge volume remains to be seen, but I know for certain I wouldn't feel too keen on being a huge short position holder right now.

I was actually looking at options for Friday thinking we might be able to get a squeeze on good earnings. Thoughts?

PPAag06 said:

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I was actually looking at options for Friday thinking we might be able to get a squeeze on good earnings. Thoughts?

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Not a bad thought, although early today would have been prime time to enter. Premiums will be a little higher now that everyone sees response by shares.

I have so many net free shares I'm not dealing with it anymore

Remember as well we are at end of month. I personally think a lot of the action may be big funds selling as we get into a slow month. Things may improve once calendar hits 8/1

Only concern for me is Apple earnings tomorrow AH. If that is bad, we see more downside in tech.

Also remember Fed on Wednesday at 2. Any dovish comments might boost us higher

with regards to appl

I think they miss

iphone x sales have not been good, then you have the other issues with regards to tariffs and their supply chain

that's my guess

edit: plus most the fangs have now dropped even goog with decent earnings, I think they would need to blow the lid off just to get to recent highs

FDC good volume today. Idiot sellers bring shares all the way down under $23 so as posted I grabbed shares there in addition to my $24 August 17 calls. I sold shares to make my options free so a big thanks to market makers!

Added more BBOX

Just noticed that CRON went below that resistance line...will be interesting to see how far it falls

Red all over the place. Definitely a stock pickers market right now. FDC and MS were all I have for trades.

My loser trade was FLEX. Technical was working perfect and then that news in the CEO selling shares hit. I sold 1/3 up a whopping 15 cents per share but lost 90% of premium on the rest.

MS getting steam as I type.

badharambe said:

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Grabbed TVIX long in 37's in case we see more blood in the coming week.

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Winning trade!

China negotiations news popped the markets.

I would use this to position hedges.


Also, CHK doesn't look strong on the charts going into earnings. I bought cheap $4 Puts mid august

AVEO trying to give everyone that $2 entry point again.

oldarmy1 said:

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Also, CHK doesn't look strong on the charts going into earnings. I bought cheap $4 Puts mid august

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What changed? Still expecting them to pay down debt and report better production numbers?