Shorting Fitbit Stock - Lock

[Sanlmar]

Nice 10% hit in one day.

What's your play now? A flight to Bitcoin safety?

What a brutal day. Down days like these are easier than most up days.

[MumblesBadly]

Nice 10% hit in one day.

What's your play now? A flight to Bitcoin safety?

What a brutal day. Down days like these are easier than most up days.

Why would most US investors avoid the traditional safe haven of US treasuries? In fact, T-bond rates have fallen over the last week, consistent with money moving to safety when stock markets tumble. And that is even in the face of the Fed raising its Fed funds rate target.

[MumblesBadly]

You got 5 minutes to order Chinese takeout and watch the Shanghai fall on its sword.

Treasuries? Idk, how about the fed & Yellen raising interest rates believing the economy was great in the face of empirical data. Yellen had been promising for so long to make a move and had to despite common sense to preserve Fed credibility. Lol, we lost a trillion dollars of equity in a few days and we still have no confidence.... and it looks like she still wants a couple more moves. You lose.

China removed the 7% circuit breakers today. 7% decline is a like 1000 points to us. They did that in minutes last night. Nope, they play it out tonight. The whole stock market gamble is all new to them.

China amassing war ships and North Korea is a good outlet for a little national pride with the military. Oh, is WWIII firming up? Tin foil hat fun.

Fire up dow futures and have an egg roll.

Ha, they opened up.

They increased the target by a whopping 0.25%. And it was announced a few weeks ago. The market price of Treasuries should have mostly already reacted to that news. And for western investors, T-bonds are incredibly safe. Many orders of magnitude safer than Bitcoin.

[Pooh]

First off you don't know shit about anything besides unclogging turds. So you're predicting a 70% drop from the highs. That's pie in the sky horseshit. If you said 1000 I'd say possible. 700 isn't happening.

Sounds like Pooh is knee deep in the stock market. The markets have crashed twice in the past 15 years, so why is another one impossible? China just tanked hard and the exchange got halted. SP500 futures tanking too. I love to see carnage.

Yeah panic and carnage are always fun. My investments took a royal dump last year so I don't really care anymore. However, all the headlines are worst start to year in history of stock market....yada yada yada. Trying to make general public panic and sell. Keep in mind the S&P is still over 1900. To get to 700 to 1000 from where we are now considering the panic is just horseshit but you never do know. If it does hit 700 then Pooh is poor pretty much.

[snake_in_the_ass]

Sounds like Pooh is knee deep in the stock market. The markets have crashed twice in the past 15 years, so why is another one impossible? China just tanked hard and the exchange got halted. SP500 futures tanking too. I love to see carnage.

Yeah panic and carnage are always fun. My investments took a royal dump last year so I don't really care anymore. However, all the headlines are worst start to year in history of stock market....yada yada yada. Trying to make general public panic and sell. Keep in mind the S&P is still over 1900. To get to 700 to 1000 from where we are now considering the panic is just horseshit but you never do know. If it does hit 700 then Pooh is poor pretty much.

Been a rough 12 months for a lot of folks. Several hedge funds closed up shop, even Warren Buffett lost over 10% last year. I had puts on MS, WTW, GS, AAPL, and AMZN that expired in December. Missed a grand slam and ended up with empty pockets.

[Pooh]

Yeah panic and carnage are always fun. My investments took a royal dump last year so I don't really care anymore. However, all the headlines are worst start to year in history of stock market....yada yada yada. Trying to make general public panic and sell. Keep in mind the S&P is still over 1900. To get to 700 to 1000 from where we are now considering the panic is just horseshit but you never do know. If it does hit 700 then Pooh is poor pretty much.

Been a rough 12 months for a lot of folks. Several hedge funds closed up shop, even Warren Buffett lost over 10% last year. I had puts on MS, WTW, GS, AAPL, and AMZN that expired in December. Missed a grand slam and ended up with empty pockets.

Please tell me you didn't buy puts. NEVER ever buy puts or calls. You want to be the casino not the gambler. Sell puts on stocks you want to own.

[snake_in_the_ass]

Been a rough 12 months for a lot of folks. Several hedge funds closed up shop, even Warren Buffett lost over 10% last year. I had puts on MS, WTW, GS, AAPL, and AMZN that expired in December. Missed a grand slam and ended up with empty pockets.

Please tell me you didn't buy puts. NEVER ever buy puts or calls. You want to be the casino not the gambler. Sell puts on stocks you want to own.

Good advice. But launching 1k here or 5k here on options and going for a homerun is very addicting and expensive!

[Pooh]

Please tell me you didn't buy puts. NEVER ever buy puts or calls. You want to be the casino not the gambler. Sell puts on stocks you want to own.

Good advice. But launching 1k here or 5k here on options and going for a homerun is very addicting and expensive!

I know the feeling bro. I really do.

[GambleBotsChafedPenis]

make sure when you sell the puts/calls (if you are long) you do it when volatility is high...more bang for your buck...

you could have probably done OK buying puts and calls Q4 last year when volatility was low...but most likely the theta will fuck you up the ass, but at least you would be buying vol on the cheap which would be great when it starts to go up like it did this week...

[Pooh]

First off you don't know shit about anything besides unclogging turds. So you're predicting a 70% drop from the highs. That's pie in the sky horseshit. If you said 1000 I'd say possible. 700 isn't happening.

Even if it goes to 1000, you are still going to make a lot of money. You know what I am saying. It's all about selling in the opposite direction of buyers or vice versa. See you on first class my friend.

I've literally been doing this for the better part of six months with MLP's and MReits and have a gaping and bloody anus to show for it. First class? I shouldn't even be able to ride with the luggage with my track record.

[DJ_Chaps]

i'M LOOKING TO OUTDO MY YEAR LAST YEAR (72% FINAL RETURN, WAS WELL OVER 100% IN NOVEMBER THO, UGH). GOOD START. I GOT 1K FIT YESTERDAY AT 21 OR SO, STOP IF BREAKS 20. COVERED MY EMINI SHORT, THEN IMMED REENTERED RIGHT BEFORE THE SESSION ENDED. YAY WEEKEND HOLDING.

WTW IS A BUY, IMO, AS IT IS NOW BELOW WHERE IT WAS WHEN OPRAH GOT ON BOARD. NOT SURE WHY IT'S SOLD OFF, CUZ LOL RESEARCH.



EDIT: OH YEAH THIS IS ALL WITH BULLSHIT FUNNY MONEY ON MY THINKORSWIM PLATFORM. SOMEDAY I'LL FIND ANOTHER GIG

[cmoney]

Stock getting murdered today.

[cmoney]

Down almost 25 percent since original post 10 days ago. To be fair, I got out after down 10 percent from original post.

[monsterj]

Been a rough 12 months for a lot of folks. Several hedge funds closed up shop, even Warren Buffett lost over 10% last year. I had puts on MS, WTW, GS, AAPL, and AMZN that expired in December. Missed a grand slam and ended up with empty pockets.

Please tell me you didn't buy puts. NEVER ever buy puts or calls. You want to be the casino not the gambler. Sell puts on stocks you want to own.

Selling puts on stocks that you want to own? So you get double whammied when your stock tanks and the broad market goes vol bid, with only the option premium as upside? No surprise you lost at the markets with advice like this. This is a sure fire way to locking in losers, owning garbage stock, and making pennies in best case.

[MumblesBadly]

Down almost 25 percent since original post 10 days ago. To be fair, I got out after down 10 percent from original post.

This was a great call.

[monsterj]

Pooh, your balls are showing. You are clueless. If you want to learn to trade options, I can help you. But selling naked puts against no short position is a great way to go broke. No wonder you have lost your ass this year(and probably every year). Leave option trading to the professionals, retail idiots(like yourself) will lose everytime. Thanks for playing.

[cmoney]

1/06/2016 - 22.90

2/23/2016- Opening at 14.10


sfo

lol this company is SUCH a fail. They no longer offer anything innovative at all.

[DRK Star]

http://money.cnn.com/2016/02/23/inve...tbit-earnings/

[DRK Star]

http://arstechnica.com/gadgets/2016/...cool-features/


Fitbit Blaze reviewed: A totally unnecessary tracker with a few cool features
It's not a bad device, I just don't know why it exists.

[DRK Star]

http://www.nbcchicago.com/news/healt...FlowFB_CHBrand


Fitbit Heart Rate Trackers 'Highly Inaccurate': Study