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From daily candle on BIDU chart, fib retrace to 96.93 is perfect bottom for the chart. I don't expect further weakness and hopefully bulls regain control to push above 100 this week :)
Jimmy, BIDU bull flag in progress? Looks like it will re-test $100 this week (or breakthrough?)
I've got some JASO June 10 puts @ 1.4 . Looking for a fade to 9.
SLV - heavy vol on this down day and people are buying puts like crazy. Great call Jimmy, thanks for letting everyone know :)
I've got May 24 SLV 21.5p (vol on these today is 2300 and OI is 430)
FSLR moving parabolic right now. 70 cent jump in just a few minutes...maybe a big fish short covering before ER? :)
I've got four May 18 FSLR 50 calls. If FSLR beats EPS/revs and guides strong, the short squeeze is going to be ridiculous. 30% short!
GL
JB, you're going to score some premium on those 135s now. I will likely jump into WYNN right before the bell on Thursday afternoon now - same strike (130). I'm expecting a selloff in market tomorrow due to AAPL weak ER/guidance and maybe Thursday/Friday as well (jobless # / GDP #). I don't follow WYNN much - can it survive and push higher on a bad GDP number at open of Friday?
You may get the loading zone if it continues to drift lower before next quarter's results. I don't think this is shooting to the moon but JMO. Markets could interpret the news tomorrow morning as huge and SPY could hit 160 lol - market is weird right now.
They guided 33.5-35.5B in revs against 38.5B consensus. That's not solid guidance. Divi/Buyback likely saves this from going to $360 though. Market drove higher today in anticipation of AAPL leading the way tomorrow. Jobless # and GDP # are now in bigger focus EOW.
Edit: I mean it's not what 'I' call solid guidance. You may think differently. GL :)
I'm rooting for you JB but I sold my calls this morning. Profit is profit and I made 67% from yesterday :) thanks for the call! If WYNN breaks 130 with conviction and the market still looks strong, I'll re-enter for a short play.
WYNN looks primed to run after today's close. I've got a few weekly 130 calls - hoping to see a breakout and a continuation on Friday (LVS beat + solid GDP number = $$$)
Power hour push toward $400 or $395 pin more likely? I took puts at $398 and got out with a quick profit (sold too early). I'm debating calls around power hour.
Thoughts on IBM? I'm looking at 195 weekly Apr26 calls. Bounce back over 200 next week?
I'm holding 530s overnight :)
530 is attainable tomorrow. I'm expecting a poor jobs report and continued selling/fear through the broad markets.
NFLX showing life - next leg up soon?
I'm holding calls - I expect NFLX will test 90 today or tomorrow.
You think NFLX can hit $90 before EOW?
BIDU double top?
NFLX overbought atm. I'm with Timmage on this one - got some ITM puts and waiting for pullback to $63.5 or 63.
Disagree - entering oversold territory ATM (5min chart). I think AAPL will recover and peg at 605 today.
In AMZN weekly 230 puts @ 1.23, out @ 1.64.
Show me where the Wall Street experts have said that the entire settlement is priced in. Market cap is only ~$200M so unless they value the company at 0 and assume only a 200M market cap, you're lying.
I'm fully loaded now in November calls. I messed around today on SPY (right before GOOG flash crash) and AAPL (after GOOG flash crash brought AAPL down).
Flipped all the profits and some more into November calls OTM. I'm ready. Settlement, Buyout, Trial win. Let's goooooooo
Out AAPL @ 4.25 from 3.40.
Wow, market is crazy today. I love it!
I think AAPL is at a bottom. In 5 635w calls @ 3.40
Swung NFLX for a .05 gain (entry .31, exit .36)
I also just took some contracts in SPY puts @ .29 and watched the market crap out. Sold @ .38 for a quick .09 gain.
I'm in NFLX weekly 70 calls here. Nice dip and I think it will run back up close to $70. Break above 70 and I'm looking at a multi-bagger!
I hope it does - I've been reloading my position ever since I rolled my October calls to November. Tomorrow will be the last chunk I buy, so obviously I want them as cheap as possible :)
I don't think Vringo will take a settlement now. Unless it's ~1B, they should press for a complete verdict IMO. Even if it's tied up in appeals, we will trade at the judgment level IMO, which could be $20+.
Question regarding a potential appeal of Vringo judgment:
If Vringo wins the full judgment (3.5x of whatever the base estimates are, which I think is 47% of 696M) and Google appeals, would the stock still trade at its full "judgment value"? Would the market also trade it at a multiple, thereby potentially moving the stock into the $30 range (given 1.5x multiple and a $20 PPS target that I can see happening on a full judgment)?
Can any court experts weigh in? My assumption is that we would indeed trade at the perceived judgment value, but I want to be sure.
Disclosure: I've rolled my October calls into November calls and added to my position.
I totally agree with this sentiment. This was always going to be settled at the very last second of trial OR the trial was going to happen no matter what. It would have been awesome if we had settled earlier this week but I can wait a few more days :)
Rain, were there specifics on the settlement agreement? I'm at work and I don't want to click weird hyperlinks from websites I don't instantly recognize.
How do shorts explain 2 hearings disappearing from the court schedule... 1 being the BEGINNING OF THE TRIAL.
Nobody in VRNG's IR will tell you anything until the settlement is final. Until then, either play the dips/rips on unsubstantiated news or just hold like I am. Draw your own conclusions (hint: canceled hearings are GOOD)
New PACER doc pending - related to settlement conference!
10:30am est. I will say that the market generally sold off but that last spike seemed abnormal. Looks like that person just misinterpreted the PACER info filed. I don't see any indications yet.
I see your point but I think it's immaterial at this point. If there's a settlement, Hudson won't be able to stop the impending run. If there's no settlement, Hudson will be selling at a loss.
Even IF Hudson is selling into the settlement talks, the dips are being hammered with buys. $4.60 to $4.90 in less than 5 minutes.
lol, you thought there would be no bear raids? That's foolish - there also shouldn't be an assumption that a settlement will happen today. I'm expecting a Friday afternoon / Monday morning timeframe.
Rain, good to see you back here. I know you're probably out of VRNG but I just wanted to thank you for making VRNG a known stock over the last few months. I know you probably think we're all crazy to be chasing here but I'm riding cheap Oct calls until trial because I just can't fathom Google taking this to trial. Good luck to you in the future!