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$FB headed to $170 this week IMO.
Yeap.
lol. I guess no one else willing to stick their neck on the guillotine.
@RealLT TSLA up 5% even with Goldmans call. I take it market is cheering the Chinese Auto Industry talk more than fundamentals. Im thinking puts? What's your call?
SPY Puts.
SPY. .50c scalping on the 260P on the fade
Not gonna happen.
It would be funny if it wasn't real.
I hear you. But if you look at it now, it appears the market is trading on headlines & sentiment rather than fundamentals. Trump and his soap opera and other factors have driven markets lower and higher too. At the end of the day, companies with good earnings and improved outlooks will be rewarded and hence the market overall. At some point, the back and forth with China will get old and then what.
Good morning.
It certainly feels that way. But I wouldn't count on that happening, why? because earnings week is upon us. For all we know, the Dow rallys hard on monday. One thing we can all agree on now is volatility and poor sentiment.
Where are the grown ups in government? It would be nice to have a meeting over the weekend and basically say, lets make a deal on trade. How hard is that>
hahaha..the opportunities are endless in the market.
Congrats on the AMZN trade. I did good on SPY puts too. How do you think Monday plays out? Can't be anymore worse than this? or could it?
SEC FREEZE OF LONGFIN STOCK SALES: The Securities and Exchange Commission announced on Friday it has obtained a court order freezing more than $27M in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin (LFIN) stock involving the company, its chief executive officer, and three other affiliated individuals According to the SEC's complaint, Longfin's founding CEO and controlling shareholder, Venkata Meenavalli, caused the company to issue more than two million unregistered, restricted shares to Altahawi, who was the corporate secretary and a director of Longfin, and tens of thousands of restricted shares to two other affiliated individuals, Penumarthi and Tammineedi, who were allegedly acting as nominees for Meenavalli. The subsequent sales of those restricted shares violated federal securities laws, said the SEC. Meanwhile, Longfin shares have been halted for additional information requested by Nasdaq.
Patience...I don't see this market closing green today. Things were already tough but with the latest round of macho trade tit for tat. Who wants to hold over the weekend.
Good Morning UPB!
LOL! Im looking at NVDA. looking for a bounce if the market can turnaround.
Nasdaq additional information trading request. The kiss of death. OTC?
That put is looking good based on the AH stock price action
Unbelievable!!
Short covering likely the biggest reason for the huge move over past two days so you are on to something.
Bulls make money, Bears make money, Hogs get slaughtered...
those calls hit .01c yesterday
Not me. But I can't imagine being short going into such an interview on CNBC. I really haven't been following the LFIN saga.
Longfin shares volatile after CNBC teases CEO interview
CNBC's Fast Money tweeted: "Longfin shares have crashed back below $10 and now the SEC is investigating the company. The CEO joins us for an exclusive interview tonight at 5pmET." Following the tweet, shares of Longfin have risen 19% and been halted for a volatility circuit-breaker
SPY is climbing!!
We talked about this yesterday. The market was headed lower until that Bloomberg story about AMZN bailed it out. Now what!
Are you kidding? You didn’t include a morning tweet or two
Anyone buying this rally? Wait till POTUS tweets
Algos not helping matters at all. Even if you see the move, before you make it, Algos are already done.
I know. That move saved the SPY as it was about to go red. That move faded put premiums badly. Go figure.
Thats the thing about market downturns, they lure you in with fake bounces and rallys and then, the bottom falls out and down you go.
I agree. It feels like the air has been let out of the bull market run. I think we head lower until earnings season.
wow!
That would be awesome JB. Thank You!
LOL!
Funny how market timing works. Last week or so I held AMZN $1410 puts as insurance. It expired worthless. Now those puts hit a high of $38. I had them for $1 and change.
TSLA will be crazy next week with delivery numbers. Sentiment is so bad..could go either way.
Good entry/exit. I did good on my SPY too.