1:51pm
Anybody looking into shorting SOHU… good luck!
12:57pm
Looking at the DE chart it looks like DE might be getting ready for a correction… DE has been overbought for quite some time, and today we are getting the first intraday reversal… I would like DE to close in the lower 77s, maybe 77.20 or 77.30 but this looks like a possible short with a stop (2% higher)
2:04am
We gotta look at AMZN very closely because on friday it begun it’s bubble faze. After it broke back above the ascending red resistance.. it is likely to continue on a very strong rally for just a few days.. before crashing back down. I highly recommend looking at fib retracements for his rally (woo can you help us with that) and see whether or not we can get a nice short on AMZN, I would expect at least a 15% fall from the peak.
Here’s the daily showing the breakout:
I’m expecting 1235 on the S&P by next week then free fall.
Interesting.. why 1235?
if aprils high breaks…i think we eventually go to 1280
Does anyone think BIDU is overbought or having it’s bubble faze too? or does BIDU’s earnings quantify it?
Woo/Idan, can I get your thoughts on CEG?
Thinking of it simply because P/E is at 1.31
With a little charting, maybe more of a buy around $30
AlphaTrends suggests TIBX may be a good short to hold for earnings because of short ratio
I’m liking RCII (Rentacenter) for long after hours earnings report today
Options look bullish
http://www.google.com/finance/option_chain?q=NASDAQ:RCII
Google Trends look higher for Q3
http://www.google.com/trends?q=rentacenter&ctab=0&geo=all&date=all&sort=0
and the low P/E
Bought @ 23.35
There is nothing more easy than making money in this market. So easy to make money when you are going with big boys. for last several weeks I have kept telling everyone about big boys being long. I bought every drop and consolidation. Recently more than 100 times I bought huge SPY calls in any drop and consolidation and sold with huge huge profit after a rally. Huge profit keep comng every day.
Look at below which is my last post on Friday. It was very clear to me that we will rally on Monday. And Monday has been the most easiest day to make tons of money for me. Whenever we are in a uptrend market then buy all friday last hour and sell with huge profit on Monday after. I did this strathegy more than 100 times recently and do not remember anytime that it did not work, Huge profit
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My post on Friday
Big boys is still long, so I hold a few SPY calls for a rally on Monday to drop them at 119.5. If price falls first then I wil load more SPY call as I see big boys still want to push up.
There is a meeting i guess this weekend that could be bearish for dollar, it it does then I expect a gap up towatd 119.5 on Monday then sell off toward 118
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Now for this week
I will sell my SPY calls at around SPY 119.5 today. I buy every drop and every sideway like Friday. I know one day it will not work and we will not go back, but I already made tons of money and i do not care if I lose 0.1% of those tons of those profit money, so i will continue my strategy. huge profit.
Now the question is when I see market will turn south. I guess this market keeps going up until the last bear give up and cut his/her losses. Then is the time this market will drop huge. so I think we will see DOW go to around April high (maybe a few points high), that is when every bear cut thier losses and say ok this market will go higher, lets cut our losses and go long, and then at that time i expect to see big boys and ME to sell our longs and go short and make huge profit. Huge profit.
SWBB
nice call on 119.5
i’m selling my GOOG position today that I bought back into last week.
i still think that this could head to the 640s shorter term, but won’t risk it.
so far things are looking good. huge huge huge profits about to be made when i sell.
Must have had breakfast at Big Boys Restaurant! Did you see Sam and Sham?
http://stockcharts.com/h-sc/ui?s=GOOG&p=D&yr=2&mn=5&dy=0&id=p34783049535&a=181587577
sold. think this trend line is good enough resistance for the day.
There is nothing more easy than making money in this market.
I told you so last week that I do same as big boys and make huge big boy type profits.
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My post on Friday
I hold a few SPY calls
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All I need is a few calls and I make HUGE profits with big boys. Its so easy it funny how easy.
Now for this week
I will keep moving with big boys and making huge money with them. I know one day it will not work and we will not go back, but I already made tons of money and i do not care.
Once things change I will make even more huge money again and have second McDonalds burger party with big boy.
SWBB
what do you think mind the gap…time to pull the trigger on those qqqq puts?
seems really juicy here…a good short.
This thing could be going even higher with POMO coming tomorrow again.
Today is not POMO and it’s flying. I may go short the Q’s around $52.80 area. If you look at a 3 year chart you’ll see the resistance in that area.
$52.80 or $52 may not be a lot of difference so you may want to average in.
What a bunch of happy horse sh** this market has become.
Hi Woo,
GM, where do you see PCLN going in the short term, Thanks in adv. planning on selling nov 370 put, i see the price going up so in the worst case, decay should work in my favor…
http://stockcharts.com/h-sc/ui?s=PCLN&p=D&yr=3&mn=0&dy=0&id=p95301246347&a=209920879
i don’t even know when the last time was that i posted this chart. has to have been a few weeks. for some reason i haven’t really paid attention to it (i guess i should have!).
it looks like i had a 370 minimum target that has already hit so i have to redraw my fib projections to see if we’ve hit a top or not. as you can see we’re also above a number of long term trend lines.
decay would definitely help if u have the ability to sell puts, i’ll try and redraft something later in the day with more trend lines and fibs. for now i can’t make any solid short recs on this.
Thanks, All i need is its price stay above 370 for the next 3 weeks…
, will have tight stop though…
VXX looking bullish. I thought it would have been down 3.5 – 4 % again with the DOW ripping and the dollar weak.
I see GDP coming in below expectations and giving the S&P a double top.
Check out my reasoning: http://leamurlowdown.blogspot.com/
Thanks. So when do you plan to go short?
Still mulling it over. I am pretty much even right now. Moved out of all my longs at about 10 this morning. Just going for small positions, staying nimble. But defiantly going short Thursday night.
Bought quarter of position of Q’s Dec 52 puts. We may go higher and I’ll be averaging in.
I believe this week will be red.
“1:51pm Anybody looking into shorting SOHU… good luck!”
what does that mean?
i’ve grabbed some SPY nov calls. will hold into tomorrow. looking for minimum 1197-1199.
Will probably begin shorting around there.
drop a word when you exit…
thanks
sounds good. i’ll probably sell on any decent rise tomorrow. will raise stops as much as possible to lock things in, but am aiming for that 1197-1199 area still.
If we drop below 1083, i’m going to sell.
Also, if you get some time, please update the PCLN chart…
With today’s close any strength from here I would buy puts.
This market still will go higher. I sold my calls as I said with HUGE profit and bought calls again end of today. I am looking for more rally to book my profit again and again and again..
SWBB
Sam, holding some GS calls…still see 165 by Nov exp? Ya I’m not buying calls at these levels like you cause I think you’re playing with fire at this point. I am buying puts on strong rallies like this am and bailing on them with a selloff like I did today twice. All out now waiting for another rise…might just get 1-2 more rises and then I hold puts instead of day trading em.
Followed Idan’s advice and shorted DE at $77.65.
Thanks for now