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i don't know...
these feels really different then last august...
almost like it's planned and controlled selling now, and not panic
will be very curious as to Mondays open
LNKD looks broken...
or someone is massively shorting. gonna posit a thesis that due to the 'underwhelming' Facebook debut, all those internet high-fliers are gonna get that multiple cut quickly-
ergo, loaded on LNKD and CRM puts for now
This could be the end of the 'new' tech bubble...
things like LNKD and CRM are prime put candidates
watching CNBC is awesome right now :)
hearing Simon talk about it, sounds like a family member died
anyone else having problems with thier platforms right now?
e*trade pro is acting wonky...
and down goes the market and FB price...
they all showed up nicely-
greatly appreciate your effort
it almost feels like this entire rally from October was based on the fact that no one thought that Greece would leave, which may have explained the low-ish volume-
But the deep web of the financial systems of the world and Greece's effect on it will hold the market hostage until it does leave
almost feels like everyone is scared for real this time, and those contrarians, outside of technicals, have little to look at
the coming volatility will make even holding short overnight nail-biting
could you explain more?
are you thinking that any bounce would come from that area and/or piercing of that is an extremely bad sign?
probably will tomorrow-
i cannot imagine anyone wanting to be long over the weekend
they keep bringing up on CNBC that it's just lots of days of sellings and not the crazy dumping like last summer...
quite converse with the days of constant buying of the 1q, no?
you notice the strength in LNKD today?
Might get your 118 after all-
Anyone think this may be a capitulation hour?
futures move the first few hours after close...
since that greek news came out well after Europeon close, Asia will get a first response to it, then my guess is the Euro will get crushed again tomorrow, pushing down most things.
it could be ugly, this is the first official news that there is a possible run on the banking system in Greece, at least for one day, will be a little chaotic, and trump our economic news
Hence why I got into GLD instead of SPY puts since I'm guessing the effect on the Euro currency will be more pronounced then on the SPY. moreover, seems any good economic news has been sold off anyway. wasn't it that great ISM number that precipitated this slide?
though it is Op-Ex week...
think the big tell was the 30k plus 143May19 GLD put contracts bought on Monday...
someone knew something about Greece, it just took a day to show up
it could be an ugly week...
thanks!
could be a huge gap down tomorrow...
Nah, they are just peachy ;)
CNBC ran a bit that a major news source (the name escapes me)
had a transcript from the president of Greece saying over 700 million Euros were withdrawn from Greek Banks, that started the huge sell-off and the Euro to be crushed...
myself got into GLD/SLV puts for the panic day tomorrow
unless that Greek memo is proven false, don't think that rampo will come for awhile
loaded up on mine... ;)
and somehow, LNKD is holding it together...?
the euro getting crushed will crush gold/silver overnight...
that 1500 might be here tomorrow
think that guy who bought those 143 puts was Greek...?
gotta love that country for option fun!
see all those 143 May puts bought yesterday...
kinda sticks out with 41+k of open interest, no?
seems a little too far to be a simple hedge
Think the flush comes tomorrow?
hope someone else caught the IOC puke-athon on project cancellation...
Morning-
Helluva board here, always one of my first stops when I got the platform open
Honestly, one of the things I think might be dragging down the market is the Facebook IPO-
We saw our first trickle of reports saying demand might not be as big, blah blah blah, and that might continue all week as funds sell off positions in similar stocks to get into it on Friday at the best possible price, be it manipulated or not-
Contrarian position I know, but there was so little strength in the market this week, there has to be a capitulation day soon if it will continue up-
Kinda curious how fun and pricey options in FB will be though
A lot of charts-
And I mean a lot
Have a similar look like that one. That end of day sell-off on Friday made for some ugly candles, and me thinks some big down on Monday in general. Think that 1333~ isn't far from possible, though the bounce from that should be nice.
Guess it all depends on Euro news and how the market views the China reserves cut
crazy-
before i shut my platform down, i did notice a 300k block in the SPY at 136.34(or somewhere close to it) that kinda stood out...
something has to be up
looks likely now-
talk about a market puke
myself got 25 FOSL70 puts @6-
for a trade only, but that hourly chart is looking ugly...
you should be fine-
honestly, not impressed with this, might be put buying in the morning, definitely Thursday though
will keep my eye on a potential double top a la GOOG did before it's crumble years ago
Anyone catch that 250,000 block trade on GLD for 159.50?
It printed as a sell
it'll be fun tomorrow one way or the other, gonna hitch my wagon once the direction is set
Ha...
Maybe 57.5 instead now...
That's a helluva move pm on WMT...
Bounce scalps?
Anyone thinking WMT 60w Puts as a lotto play?
Premiums are always low on Wal-Mart, and their weekend news combined with a shaky market might make for a great trade...
Just saw over the wire executives of LNKD(VP, CEO, and Chairman) unloaded almost 240,000 shares between 4/2-4/3, according to Form 4s-
just showed up now...very interesting
LNKD-
Glad to see you won't be stuck!
http://seekingalpha.com/#article/308825-end-of-linkedin-s-lock-up-period-does-not-bode-well-for-investors
Did misread it in regards to the relationship of the offering to the lockup expiration, but all the other details still apply
http://seekingalpha.com/#article/308825-end-of-linkedin-s-lock-up-period-does-not-bode-well-for-investors
There is the link that caught my eye-
You're right, it happened but other details are brought to light in accordance with the secondary offering at the same time-
Also, checking the chart at that time period, volume was up, but not at seemingly cash-out levels
Either way, still waiting on calls, but if details are right, might be buying puts for a flip
From what I've read-
The lockup in November was pushed back till this week (2/14) and they had the secondary offering instead-
Who knows what may happen, but I doubt they can push it back again. Sure some people are antsy to get their money out, especially if they were in under the 45 IPO price
Why I'm waiting on calls-
Don't like LNKD-
IPO lockup expires tomorrow
Yep-
In 31Feb18
Lockup expiration tomorrow in LNKD as well-
Was supposed to be in November, but pushed back and secondary offering happened instead-
Short term might not be so hot
not for those who rode it down...
there will be games to be played next week in the market for sure