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The analysts are piling on this am. Let's see if it holds.
Agreed but I don't think the drop is done. The downgrades are just starting. Snap is coming, fb is stealing market share and mass confusion of what they are is eating this alive. $14-15 is my opinion but there are many ifs built into today's price.
Wow, that was ugly on many levels. Will be interesting to see how they spin this on the cc. I would expect this to drop by 5-10% tomorrow am. The story will probably shift to the generics then. The "path forward" is in question for sure.
So far i am up $.55 pr but the exercise value is higher so will hold out a bit. Have the Mar 3 exp so have some time. The downgrades haven't come yet as you mentioned which seems slow. Might drop down to the $14-15 by Friday so may still have legs. Good luck!
I can't make it out there today. Got stuck in the east valley. Will try again in a day or two. Sorry, biz calls.
CNBC is piling on now. Might get hit again after lunch.
This might be the part 2 of the bear move. Lunch will cool off then up in the air where they go from there. My guess is $16 close but who knows. Already up 100% so far.
I think their last share filing was in Wyoming. I am going by the Virginia ave site today. Will share what I see.
Still waiting for a strong bear run. A 20% haircut seems in the cards.
Good morning. That's a nice thing to wake up to. Hope it holds. Shame it was a light bet! I ended up getting the $17 strike. The pricing and volume wasn't good at $17.5. But this should be ITM by open. Yay!
I don't believe it myself. But others might. My guess is it is worth more like $17. My reasoning is simple, decreasing mau or very slow growth. Decreasing ad dollars (think fb and Instagram are stealing market share). Intro of snap to the scene could eat into it further. Tomorrow could go either way but Jack has a bad habit of causing a drop post earnings.
Well I got in the mar 17 puts. Small amount (10). Will see tomorrow morning. GLTY
Nice. It will move with the tiny float for sure. Their cc typically cause a spike. Just not sure how their holiday sales went. They have been strangely quiet about it so far.
That was my guess as well. I bid for only 10 puts. The upgrade fizzled already. My hedge is on fire!
On twtr I moved my put bid to $17.5 with upgrade. The pre mkt jump will buy the move. I am bidding $.50 now. Will see how day goes to change. Just think they are going to disappoint.
Gotcha. Are you holding shares now? I hold 2250 now at $13.40. Not sure I want to add but will be writing short term calls soon.
Put I meant. Sorry
I moved up to $17.5 mar call with upgrade. Will see if it fills today.
Are you going for the stock or options?
Not a big move. Just a quick trade. But it is a bet. I won big on the stock earlier during bo speculation. My guess though is that one of the stats released on Thursday will turn this down. Good luck yo all
Comedy. What exactly is their source of revenue? Hats?
Will do so next time. They will look exactly the same as all the other pics I have posted.
Ok, order in for a March $17 put. Set below bid to see if can get in cheaper. Thursday could go either way but growth is the most important number they are looking at for social media now.
Did like it as well. I just haven't spent any time on the valuation. Was going to sell off my dry ships probably this week and look at it this weekend. The new drone tech is interesting in its second launch. Just not sure who would want it.
It is still empty in the back. Drove by briefly today. Nothing going on.
We need a tweet. Still looking at the twtr put. Mar$17. Will see how the day goes. Might get cheaper.
Will do. Can give you the friends and family discount too :)
Drinks on me. I can write the options on GRPN if you want to buy :)
Very true. Unless you are exercising I would worry of losing value on ITM options due to liquidity. But a quick pop may be a nice night on the town.
See GLD inflect? Might be the turn I was looking for.
They are cheap but not very liquid. One caution on GRPN is that over 80% is held by insiders/institutions. Without them participating movement in this stock defies common sense. I think ER will be ok but forward guidance will be the key. They on a few buyout lists IMO as well. Walmart has jet, Amazon has woot, baba has???
But back to topic, I don't care for the liquidity of their options. ITM under a dollar worries me.
No worries. Looks like an odd day shaping up. Good luck!
Will let it run a bit before I jump in. Hey, on a side was considering a twtr put tomorrow before cc. Any thoughts?
Remember well. Pulled my stop temporarily. Was thinking writing the May 27 call. Premium will jump today and probably cover in 2 weeks. Range bound is good for this. Or 26?
Fundamentals are very strong. Still debating the calls to write. I hold 2250 shares to cover. Any thoughts! Ty on hedge. I like to use parallel hedges instead of direct. May close out or trade up hedge this week.
Agreed. That IPO is set up to fail. I wonder who would be interested isn't it? No voting rights, stalling numbers, etc. it may start strong but I would only consider it on a large dip.
Gld is running big, been in since 108. Will look at writing the calls tonight. A mix of the covered calls, a tighter trailing stop and the GLD calls seem to be a good mix so far. Any input is always welcome.
Betting against seemed like too much risk which is why I went the gold route. It could change quick though. The fundamentals are there to support current levels but worry about tweets
We are one tweet away from humility :).
Well good luck today. Trading is very choppy.
I was considering writing some covered calls as well as a hedge. Not ready to pull the trigger yet. Have you played the decay much on writing?