Adding NFLX to my list of Silly Con Valley, Cali plays that will be taken into the sea...by me! Long term short here at the lower than 52 week high of 160.00.
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Man, I don't know...
One thing I hate about shorting and love about crypto investing is that you're capped. Even the perfect short only gets you a 100% return.
Unless, of course, you're into options, which I'm not.
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You forgot to add >>>"...unless you play it via the put options." Example: My most recent short in SLV returned 700% in 7 days of trading ie a $100 bet turnt to $700, plus you got your original bankroll back. I just issued a buy on SLV that it would see $15 today. I didn play it personally as it doesn't meet my criteria. I'm actually looking to short again. :-)
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True that...I have spent very little time trading options in my day. Have dabbled in puts - mostly around two companies that should go out of business: Sears and Groupon.
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Did you see that spike in GRPN to $125 on the same day the trading wizards gapped AMZN down to $770 in teh futures markets overnight last week. Too funny. I'm tracking JCP as a "potential" buy but I just lowered my buy target to 2.70 from 3.10. I think it's "pretty neat" how one can actually predict a price target even though that target is a historical low. JCP about to become a short here.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=jcp&x=57&y=15&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
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I'm wondering how much of that was an actual spike and how much was real???
I think GRPN is destined for the penny stock bin.
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I call Groupon poopon. Most of the shit these computers do is unmitigated bs. I'm sure Jamie Dimon already canned teh guy handling teh AMZN compooterized trading account. AMZN ceo Jeff Bozo was probly ringing the red phone next to Jamie's bed that night...first words out of Jeff's mouth when Jamie answered >>> What to fukk are you guys doing?!! I bought Whole Foods to send em up in a frenzy so I could go "all out" of 90% of my AMZN shares at $1020...just becuz I like the numba....now this?!! :O
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Here comes the short term sell signal on JCP as it trades at 4.87. I figger 4.90 will trigger the sell. Keep track of this trade and come back and let me know how I did. First target will be major support at 4.50. The Aug 18th expiry 4.50 puts now at .29. I doubt they break below .25. These puts will at least double by then.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=jcp&x=48&y=20&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
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I'm not sure about shorting any of the tech just yet. When the market finally starts its collapse, then would be the time
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You forgot to add >>> "...unless the first move down is like Oct 1987. Then I will be thinking it's too late to short." :-) You are correct tho. Not a good idear to enter any tech shorts until the major indicies take out final highs that need to get taken out. I will be spewing about that when it happens.
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Although, take a look at this info;
The insiders are selling pretty good:
http://www.nasdaq.com/symbol/nflx/insider-trades
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There were other signs before insider sales. The buyout of Whole Foods by AMZN...the failure of Blue Apron to hold the initial offering price, plenty of "tells."
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Good God another ass beatin in the making only $30/shr underwater here, add that to your $30/shr loss on amzn and 150/shr on pcln. Losses on slv and uso...farked up.
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I don't have an open trade in AMZN or PCLN, or even shits n GOOGL's for that matter. My SLV trade is now down .02 on a .12 wager. USO a tad bigger but I already banked a 100%+ gain on half the trade...and I have til 8/18 on teh rest. I can't fark up til I close the trade. Do you want to bet the loss or the gain (depending on what it is when I close SLV) that I will get out with a gain? You say loss? Put some money up behind your spew. Too chiken I'm sure. What does $10 to $50 matter for a "proclaimed" big spender like you? :-) Go ahead and let me know if you want to step up as the SLV trade (and perhaps even the USO trade) will be closed out today. If I break even on SLV you don't owe shit. If I lose I pay you. And you will know the result as early as today? Why are you such a chiken shit? :-)
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I thunk you said Faceplant reported last night. You have it figgerd out yet?:-)
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Looks like you have another butt rape coming tomorrow with your call on the qqq's Netflix Amazon Facebook. Yep you sure did get it right you called the top.
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I'm wreckin you wuz cryin about FB this time. It "telegraphed" teh low in AH trading last night. That'll be the "initial" target for the first selloff. Do you want to nail the high on FB....or just take care of GOOGL? :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=fb&x=54&y=13&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
That low last night was in fact 158.00...spot ded on. :-)
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8/2/17: Forgot to spew my NFLX hedge long (and strong!) trade that I posted at teh TradersChoice.bomb bored. Bot 1 NFLX 8/11 expiry 182.50 call earlier at 2.50. "Should" make up for a GOOG chunk of losses incurred as NFLX "should" move to a new 52 week high.
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Gonna close this options trade out dead even here at 2.50 and open a limit to get back in via the same strike at either a retest of the low or a new low for this move. VIX signaling buy. Don't mess with the sexy VIXens...even tho they won't get too far I'm wreckin.
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wow trading in minutes now lose your commission cost?
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WTF you cryin about now?
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Tessie after the bell btw. You had better "hope" I don't send her in to take a chomp out of your aching NUGeTs. Whataya gonna do then? :-)
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THAT's what ya git! Tessie crushing your ass! Good luck with dinner tonight. You'll be eating at Checker's as my gal Tessie just deeeestroyed you...again! Now say something esle, shithead. I dare ya! LOL Ooooh eeeyeah! I'm a baaaad man. That'll teach you to fugg with me. Ha! :-) Go ahead, axe me how I "knew" the pig would see 340+ lbs again. :O
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Ill short it at 350. U okay wit that?
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Sure, why not? With you taking over Tessie's diet at 350 lbs I figger she sees at least 380 lbs. I'm Mo than happy to hand Tessie over to you. I'll just work on Oprah. GOOGluck, yer gonna need it. :-)
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8/24/17 Update: Time to hedge the NFLX short with a long at 166.50 via 1 NFLX 9/1 expiry call at 1.60.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=nflx&x=36&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
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8/30/17 9:31 AM: I forgot to log in the strike I posted this trade for but no need to hold this call option. If it was teh 170 strike calls it's a break even trade as teh 170C's for 9/1 are now at 1.65.
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