FAO Stock geeks: My NIA type pick for the next while

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Originally Posted by Gordman

I made a play with Dicks Sporting Goods between Monday and Tuesday. Of course It was a high risk spec trade, I didn't think DKS was going to pull through on earnings. News reports came out the last couple of trading days of DKS being under investigation for securities fraud. Combine this with the fact that retail hasn't been doing well, and I certainly didn't imagine DKS having a good earnings report partially due to the fact that customers aren't buying weapons etc nearly as much because Obama is out of office, and the demand has gone south. Sure enough, I was correct on this one

Perfect


Netted about $1500 in under 24 hours. I bought 40 contracts of a PUT spread. I was debating buying more, but this was a riskier play and could have easily gone the other way - I didn't want to overdo it.
Hey, I'm happy for waking up in my hotel room this morning on vacation sipping coffee and clicking the button to make $1500! A nice way to wrap up my little vaycay and head home.


I've never been so satisfied for playing with dicks!

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Risked $1000 to win $1500, not bad. Seems like every retailer is getting slaughtered one by one. Macys, Nordstrom, Pier One, Dicks, American Eagle Outfitters. Anyone that has a store in a mall is getting smashed.

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Originally Posted by snake_in_the_ass

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Originally Posted by Gordman

I made a play with Dicks Sporting Goods between Monday and Tuesday. Of course It was a high risk spec trade, I didn't think DKS was going to pull through on earnings. News reports came out the last couple of trading days of DKS being under investigation for securities fraud. Combine this with the fact that retail hasn't been doing well, and I certainly didn't imagine DKS having a good earnings report partially due to the fact that customers aren't buying weapons etc nearly as much because Obama is out of office, and the demand has gone south. Sure enough, I was correct on this one

Perfect


Netted about $1500 in under 24 hours. I bought 40 contracts of a PUT spread. I was debating buying more, but this was a riskier play and could have easily gone the other way - I didn't want to overdo it.
Hey, I'm happy for waking up in my hotel room this morning on vacation sipping coffee and clicking the button to make $1500! A nice way to wrap up my little vaycay and head home.


I've never been so satisfied for playing with dicks!

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Risked $1000 to win $1500, not bad. Seems like every retailer is getting slaughtered one by one. Macys, Nordstrom, Pier One, Dicks, American Eagle Outfitters. Anyone that has a store in a mall is getting smashed.

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Actually about $800 risked, but yeah, one by one they are getting slaughtered.
Companies like Amazon are doing to brick-and-mortar retailers, what companies like Walmart have done to mom and pop shops in the past years.

I was about to pick up some RL puts today because they report tomorrow, but changed my mind because of the market activity today.

Thankfully the only positions I had today were some Twitter CALLS, but they were stopped-out - only lost a couple hundred on that one.


I did buy some DIA PUTS today before the market closed. I had some a couple of weeks back but they were stopped out.




I think we could very well see a continuation of what happened today. I was going to get a closer expiration, but decided to get June expo instead so they have about 1 month until expiration and won't be quite as volatile.

There was Target today. They just chose the wrong day to beat.

I am absolutely shattered. I woke up at 3:45am past 3 days. Going to bed at 9pm. I am so sick but something was up.

The Trump noise has been on ignore for me until the market says it's real. Well, game on. Please cancel the whole Trump effect. Pleaaaaase.

Ford lays off. So that's fun and my favorite

We have been waiting for 8 months for this mood shift. You can potentially make your biggest returns on days like this if you come in flat.

Will it continue tomorrow or will the big guys buy the dip. We will see. Hopefully they do and get smashed.

Beautiful times and stay loose.

What are you talking about? Institutions and hedge funds have been selling the past two months to shit for brains retail investors

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Originally Posted by Krypt

What are you talking about? Institutions and hedge funds have been selling the past two months to shit for brains retail investors

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Sanlmar was referring to the options market today. A day like today can make your year in trading. Tons of puts on banks and high tech names were up 1000%-5000% today. Even if you bought them this morning, you could have made 500%+ on them.

Got a feeling the big tech names are going to get slaughtered very soon, especially AMZN. Got some puts but gonna fire a lot this week if they continue to climb. Buying puts that expire later this month. Longshots too, way out of the money.

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Originally Posted by snake_in_the_ass

Got a feeling the big tech names are going to get slaughtered very soon, especially AMZN. Got some puts but gonna fire a lot this week if they continue to climb. Buying puts that expire later this month. Longshots too, way out of the money.

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Amazon QA tech department is live streaming WWDC while eating donuts and coffee right now

Kinda interesting image to me

reports are that the speakers are actually quite entertaining

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Originally Posted by snake_in_the_ass

Got a feeling the big tech names are going to get slaughtered very soon, especially AMZN. Got some puts but gonna fire a lot this week if they continue to climb. Buying puts that expire later this month. Longshots too, way out of the money.

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Please post the options you've chosen

What leaves me uncomfortable is that many are piling in (Fat fraud Cramer & co). Doesn't make it wrong but traders might rip their face off with a little squeeze

Fun spot. Kill it.

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Originally Posted by Sanlmar

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Originally Posted by snake_in_the_ass

Got a feeling the big tech names are going to get slaughtered very soon, especially AMZN. Got some puts but gonna fire a lot this week if they continue to climb. Buying puts that expire later this month. Longshots too, way out of the money.

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Please post the options you've chosen

What leaves me uncomfortable is that many are piling in (Fat fraud Cramer & co). Doesn't make it wrong but traders might rip their face off with a little squeeze

Fun spot. Kill it.

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Most of what I bought last wk is pretty much worthless. So what else can I do but buy some more?

Added today:
NVDA June 23rd 150 put
AMZN June 16th 1000 put

This market is going bonkers. Tesla is worth more than BMW! NVDA and BABA are going crazy too. Fear of missing out is the current play right now. Hopefully rushing for the exits is around the corner!

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Originally Posted by snake_in_the_ass

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Originally Posted by Sanlmar

Please post the options you've chosen

What leaves me uncomfortable is that many are piling in (Fat fraud Cramer & co). Doesn't make it wrong but traders might rip their face off with a little squeeze

Fun spot. Kill it.

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Most of what I bought last wk is pretty much worthless. So what else can I do but buy some more?

Added today:
NVDA June 23rd 150 put
AMZN June 16th 1000 put

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Up over 100% on each! Lets go.

Was just about to post.

Excellent AMZN. AMZN is my personal playground

Very very interesting market today. Things aren't right.

Pay yourself by cashing a few contracts. You will think more clearly going forward.

I am just scalping nickels & dimes compared to you tbh

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Originally Posted by Sanlmar

Was just about to post.

Excellent AMZN. AMZN is my personal playground

Very very interesting market today. Things aren't right.

Pay yourself by cashing a few contracts. You will think more clearly going forward.

I am just scalping nickels & dimes compared to you tbh

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Took some money out but it is going to be party if tech gets destroyed next wk.

Snake god

4 bagger? That's a homerun where I come from.

Who needs Bitcoin?

You see that spike on AMZN down to like 927?

At first you didn't think it was real.

Someone was trying to jam the futures down. You see this on a lot of heavy tech charts as a result.

Amongst many great stories today. Live for this shit.

Oh baby, game on...

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Originally Posted by Sanlmar

You see that spike on AMZN down to like 927?

At first you didn't think it was real.

Someone was trying to jam the futures down. You see this on a lot of heavy tech charts as a result.

Amongst many great stories today. Live for this shit.

Oh baby, game on...

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Crazy action today. Little disappointed by that rally into the close but hopefully that was a trap for next week.

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Originally Posted by snake_in_the_ass

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Originally Posted by snake_in_the_ass

Most of what I bought last wk is pretty much worthless. So what else can I do but buy some more?

Added today:
NVDA June 23rd 150 put
AMZN June 16th 1000 put

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Up over 100% on each! Lets go.

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Once in a while the stock markets throw me a bone. My goodness what a bloodbath.

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Originally Posted by snake_in_the_ass

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Originally Posted by snake_in_the_ass

Up over 100% on each! Lets go.

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Once in a while the stock markets throw me a bone. My goodness what a bloodbath.

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Enjoying your success

Which is a bit ironic because I am reveling in everyone else's suffering. Restoring order in the world as I understand it. Gratifying.

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Originally Posted by snake_in_the_ass

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Originally Posted by snake_in_the_ass

Up over 100% on each! Lets go.

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Once in a while the stock markets throw me a bone. My goodness what a bloodbath.

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Enjoying your success

Which is a bit ironic because I am reveling in everyone else's suffering. Restoring order in the world as I understand it. Gratifying.

You are June 16 expire? Oops nvm. I looked above

2:45 --> 3:00pm you're gonna see the future.

If it were me I would have a plan Snake. Fear or bargain hunting. It will portend the short term vs your ticking options clock

Damn entertaining

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Originally Posted by Sanlmar

2:45 --> 3:00pm you're gonna see the future.

If it were me I would have a plan Snake. Fear or bargain hunting. It will portend the short term vs your ticking options clock

Damn entertaining

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Dumped most of them, didn't get max value. Sucker bounce probably and then another wave of selling is my guess.

AMZN just bought Whole Foods

I can't process this. You just can't take over the world without consequences. But the bubble market says he can. We worry about money later.

Bezos is crazy

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Originally Posted by Sanlmar

AMZN just bought Whole Foods

I can't process this. You just can't take over the world without consequences. But the bubble market says he can. We worry about money later.

Bezos is crazy

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aight they didn't have this in the advance business books...WTF is his end game with this one?

revolutionize on demand groceries? so adding a small margin business (maybe whole foods has better margins because of it being upscale) to your empire...not processing...if you are shopping at whole foods are you really worried about on demand ordering? I'm very confused..

First, Snake is first ballot HOF for his AMZN trade. Getting out on great timing. Chart driven not fundamentals. But price always leads news.

Second, I feel there will be another short here. Soon.

Finally, for all the yammering about how they will integrate - the perception from the inside at AMZN is that Bezos splashes around to learn a business or industry.

Drop a couple billion to learn the shoe business (Zappos) then fold up the tent. This has been repeated multiple times. Some don't work but that's acceptable to him. He is not accountable for timely returns on investment as you or I might be. He has a free ride on the back speculative & bubbly market.

When inflation hits, I need a return on my investment. I need earnings and dividends to overcome my daily loss. I need a company that actually turns a profit.

I ain't a fundamentals guy. Life is too short to gamble fundamentals and see how that works out. However, intuitively his business is built on the premise of cheap transportion (fuel). Cheap fuel 10 or 20 years out prolly ain't likely.

You could spend the rest of your life trying to divine their earnings report or reading analysis. What I do know is this is the poster child for cheap money and bubbly enthusiasm for TSLA-like dreams.

Snake, did you have a fresh round of puts on AMZN?

Breaking $970 would be a really big deal.

Good fun today. Is this the beginning of the Naz collapse or what?

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Originally Posted by Sanlmar

Snake, did you have a fresh round of puts on AMZN?

Breaking $970 would be a really big deal.

Good fun today. Is this the beginning of the Naz collapse or what?

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I dumped em earlier this week but I do have puts on NFLX & FB. Got stop on quote orders placed, they expire tomorrow. Up Bigly.

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Originally Posted by Sanlmar

Good fun today. Is this the beginning of the Naz collapse or what?

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Biggest MUSH friend I know called me 2 days ago and said he was going to get his series 7 license to become a stockbroker. I told him thanks for the tip, stocks are going to crash for sure now. So far so good.

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Originally Posted by snake_in_the_ass

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Originally Posted by Sanlmar

Good fun today. Is this the beginning of the Naz collapse or what?

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Biggest MUSH friend I know called me 2 days ago and said he was going to get his series 7 license to become a stockbroker. I told him thanks for the tip, stocks are going to crash for sure now. So far so good.

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Cratered $970. Fantastic day.

Stockbroker? "I wanna be a sales puke?"

The guy can talk about it or find out if he can actually do it as a prop trader. He will meet animals that will forever change his life even if he flames out.

Boot camp for life skills

Back to cash now. Going to reload again maybe tomorrow or wait till Monday. Tech is still going to get smashed. Hoping to catch the session where AMZN opens down 100+.

Tip: if you want a good stock to short, find a good entry point and short APRN.

Total shit stock imo. They just IPO'd a few days ago and i knew it was going to be shit before it even started trading. The whole concept of the service they offer has doom written all over it; being profitable is going to be an uphill battle for them from many different angles.

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Originally Posted by Gordman

Tip: if you want a good stock to short, find a good entry point and short APRN.

Total shit stock imo. They just IPO'd a few days ago and i knew it was going to be shit before it even started trading. The whole concept of the service they offer has doom written all over it; being profitable is going to be an uphill battle for them from many different angles.

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Agree re the stock and its sustainability. However, you can be right and still be wrong, As I've learned.

I was disappointed to open my wife's 401k account this morning. I had forgotten that I had rebalanced the account after the election to a more conservative allocation.

I did leave a bigger chuck and 100% of the contributions in a fund that mimics EFA so life isn't all bad.

Anyone catch the TSLA short?

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Originally Posted by Sanlmar

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Originally Posted by snake_in_the_ass

Biggest MUSH friend I know called me 2 days ago and said he was going to get his series 7 license to become a stockbroker. I told him thanks for the tip, stocks are going to crash for sure now. So far so good.

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Cratered $970. Fantastic day.

Stockbroker? "I wanna be a sales puke?"

The guy can talk about it or find out if he can actually do it as a prop trader. He will meet animals that will forever change his life even if he flames out.

Boot camp for life skills

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Can confirm animals were met when i was a newbie prop trader. Good times.

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Originally Posted by DJ_Chaps

Anyone catch the TSLA short?

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I wish. Some of the puts went up 10,000%. Elon Musk is going to be exposed for the fraud that he is. Amazing how so many people believe his bullshit. Stock will have plenty of sucker rallies but I think she is heading towards $100/share.

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Originally Posted by Gordman

Tip: if you want a good stock to short, find a good entry point and short APRN.

Total shit stock imo. They just IPO'd a few days ago and i knew it was going to be shit before it even started trading. The whole concept of the service they offer has doom written all over it; being profitable is going to be an uphill battle for them from many different angles.

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Is it any surprise that the CEO of this scam company is Jew? Stock is getting crushed today. Waiting for an analyst to upgrade it next week. Classic wall street scam.

With Bitcoin and shitcoins getting destroyed, the tech stocks should be next.

Chart of Bitcoin+Shitcoin market cap:



Chart of NVDA which is itching to get sliced in half:

Stock porn

Amazon Tumbling Almost 40% Is Not as Crazy as It Sounds
https://www.thestreet.com/story/1423...it-sounds.html

Sometimes you get a stiffy and find yourself thinking about doing something stupid. Earnings come out Thurs.

I'll take a cold shower and pray Trump or something else rolls a bolder over the hill to start the avalanche... But I'm ready.