AET>>ANTM if you're gonna go down that route, I can go into a lot of detail if you want. All 4 are at all time highs, (ANTM/AET/CI/HUM), i'd go CI/AET if you're looking for a hold. Been a fan of Altria for a while I like that pick too.

Gonna shameless brag in here on my wsop score since this is the only place I post anymore, took 7th in event 25 last week.

Nice one Danny

learn to multiqoute bro. click the right button next to quote with the green + on ASAPS post, click it again on rafiki's post, then on Formulas post click "quote". easy peazy, bro.

If we assume oil is range bound (40 to 50), and market shrugs off positive news (falling stockpiles and OPEC discussing deeper cuts)... is it time to catch the falling knife before we wake up to a major gap up?

Seems like a bit of an over reaction and frustrated oil investors. And we could see a fairly decent gap up soon. There is a lot of movement in middle east (probably due to $$ and oil) such as Saudi prince and Qatar.

There are much sharper investors/traders than me in here. Do any of you guys see a reason not to go big here?

Seems like shale oil is limiting the upside of any positive news from OPEC

No problem dude. I got completely out way too early but still made a decent chunk. Rafiki did well on it as well, getting a decent pullback to put serious money to work again (like in the $60s) may require a legit correction in the tech names which I don't see happening anytime soon. Still surprised it's an independent company given the growth of its customer base, their partnerships, and no debt.
Congrats dude on that FT, quite an accomplishment.
What do you want to trade? The commodity, the various oil related ETFs, individual names? Deflation/technology has affected this sector more than anyone talks about. Oil has never been easier to find & produce, there is way more in our natural (& actual barrel) reserves than was thought possible even a few years ago & we are quickly moving to renewable resources.

The thing about the commodity itself is that chart is insane over a multi year period. I don't want to own it or trade it especially with the Aramco IPO on the horizon, there are plenty of opportunities elsewhere.

As far as individual names, I definitely get involved when I see unusual activity in some of the big caps. Don't see a need to fight the trend lower until they can begin to carve out some kind of bottom.

You don't have to look any further than a Natural Gas chart to see the future of crude oil. Both markets bubble spiked in 2007/2008. Since then NG has cratered and has gone from the greatest trading vehicle ever to an untradeable one. Fracking technology made it too easy to discover and extract, basically an unlimited supply. Same thing is happening in oil. Oil has taken longer since it is a much larger and global resource with lots of geopolitical issues but it is the same deal. Easy to find and extract with way more of it than anyone ever thought possible. Add in the fact that besides fracking technology that other technologies will continue to grow and replace the need for oil in the future.

Why is NG untradeable? I've traded it a few times intraday last month and found it volatile enough. Only problem for me were it's liquid trading hours which didnt quite suit me. I even know a guy who almost exclusively trades NG for a living (intraday).

ALXN - In @ 97, out @ 127 . More upside here but I'm not greedy .

I guess it depends on preference as well as what it was to what it has become. I like volatile markets with strong and large inter day swings.

The market is almost always quiet and sideways and 40 or 50 cents is a huge move now. Back when (pre 2008) 40 to 50 cents used to be the 5 minute (or less!) range, 50 cents ($500 per contract) was often the blink of an eye. The typical ATR was 5.00+ and now it is in the 60 cent range which is absolutely nothing. And a reasonable portion of that range is pre open and post close when there is zero volume.

It used to be called "The Widow Maker" because the swings were so violent and so often. But for the last 7 or 8 years it just grinds sideways, just enough to screw you if you try to fade the range and not nearly enough to try and catch a move. The ranges are in fact so small that even channel fading isn't worth the effort since the channels are so tight.

Re-entered LAYN lookin good. Long FNJN and SGH recent ipo largest memory manufacturer in Brasil. Cheap growth.

Nice trade

Two nice trades.

I jumped into TK and RAD yesterday. Increased SHOP yesterday.

Now holding GSAT, NOK, NVDA, SHOP, RAD, TK. Sold off most of my VRX position for a nice three day swing.

Anyone follow the Home Capital Group saga? I missed it all, but what a story!

Solar (TAN) vs big cap crude (XLE) is what I'm watching to start the week. Interesting inverse correlation forming between the two in not just the technicals but (as we were discussing above) the fundamentals as well.

I bought at $9 CDN and cashed out at 15 and 18 Holding 20% unsure when to cash it in though I'm on a freeroll.

you got a pair of grapefruits in your jeans stepping in and catching HCG, nice

Haha thanks I should have bought more HCG though, and bought some equitable group too. That ****er went up $20/share in a couple weeks. But hindsight is 20/20 and all.

long: cost, dis, ery, kr, tlt, tgt

short: spy, qqq, iwm, azo, baba, crm, eem, fb, fxe, gs, iyr, mcd, nvda, tsla, pcln, smh, wfm, x, xbi, xrt

i guess i could be called a bear

Bought ES at 2436, TP1 was 2439.75, TP2 is 2445

i bought some SPY puts aswell, really don't think this will be a good week for the markets at all.

I think if you're not buying SHOP and NVDA on every dip, you're doing it wrong. But that's just my opinion... 😁

Been long Cara since 17.50... Such a fun but volatile ride

Why are you buying puts on the index & why won't this be a good week? Hilarious how often this is such a bad idea/trade.