Followed suit, got out at 3.96. Kept some.

MGTI looks like an obv short. Total scam a la BITCF.

Got an interesting email about IAC today, saying it's 25% undervalued.

Just wanted to share.

Note : 106 as of 8/30/2017

Im all out of this today. Surpassed my target for the week %, so sold to reduce risk and lock gains.

Cannot believe GBTC touching $1k. Lol

Was short going in and added more at the open, already took off most. The fidget spinner craze that was driving most of their earnings boost the last couple quarters is obviously over (healthy beat yet guidance in line was basically is a red flag for tough earnings comps going forward). Couldn't see a realistic scenario in where they ramped it up over $50 on the open today.

Dollar General good entry right now???

Shop just seems like a LONG stock and simply wait for dips.... can't believe I didnt get any when it hit low 90's

Looks like the MGTI tide finally receded. Dumped the rest this AM.

Been crushing on MNKD this week also, thinking of jumping in on PDLI as well.

Well, we finally got the hurricane trade today! Once the new about the refineries and pipelines being definitely closed for a while HO and RB went berserk to the upside. Very easy to just ride the tidal wave to the upside and trail a stop that never seemed to get threatened. Finally turned enough to stop my RB but HO hanging tough although it looks like it may trigger soon. This is an epic move with 1200 ticks in RB and 800 in HO. CL paled in comparison but NG finally did something but I didn't touch either of them.

Not sure if this stuff has one more leg up in them but HO sitting on the highs? Haven't seen moves like this in a while.

citron is sounding the GBTC alarm

Nothing that hasn't been stated already. Left is a publicity whore, many of his recent calls have been ****.

Agreed, but there is substantial risk at the current price point.

Congrats! Looks like you made some easy money getting in on a breakout. I should have thought to look for this. A good learning lesson for the next black swan type event and how it can make big moves in certain markets.

We all basically suck for not buying UGA the day baseball posted last week (he never mentioned that one). I didn't know UGA existed so there's that. Now I certainly know for next time.

There has been substantial risk the entire way, why is now different? Glad I wasn't allowed to short it months ago. It's not like the NAV is some secret at this point.

I haven't been trading it, but I'm a little surprised that refinery stocks whose operations are located outside of Texas are down today. Cheap crude oil + rising price of gasoline due to a shortage of refining capacity would be a huge tailwind for those that are still in business, yeah?

didnt seem to be that easy unless your stop was very aggressive / willing to take a fat loser. overnight was basically scratch unless you got in right at the electronic open.

felt like markets had it "priced in" but then bought it up on the daytime session anyways.

There was a clear channel breakout about 30 minutes into session (depending on timeframe) and once it started it didn't stop. The short timeframe stuff I follow (1 min, 2 min, 5 min, fast tick and range charts) all caught it. The hard part as always was just hanging on and not getting out prematurely since we haven't had moves of that magnitude in quite a while. But the stops were being run and no real retracement once it took off.

gotcha, so you mean the breakout at 9:30am est?

i saw that too, just seemed weird in context of fundamentals but makes sense on a technical basis. i found it hard to ride that thing when it didnt explode upwards in the overnight session. makes sense.

news came out right as the electronic open happened so i was a bit confused by your wording.

on a separate note, hurricane irma (the next one) has a tail risk odds of hitting the same area

it's also got a chance of being one of the most powerful hurricanes ever

http://www.zerohedge.com/news/2017-0...-ive-ever-seen

Looking at my charts HO broke out and stalled 10 minutes after open (8:10 cst) and broke out for real at 8:55. RB broke out at 9:00 so HO reacted first but RB reacted strongest although they both went hard and never looked back for at least a couple of hours at that point.

yeah so the news came out at like 5pm cst the day prior and after a blip upward it sorta consolidated for ~14 ish hours so you can see why i was a bit frazzled at seeing the daytime session get bought up. didnt feel like it was because of news, just felt like it was a good technical spot in a slippery market. good spot to pick up on, nh.

Memories of Katrina with Rita right on its back. It seems when the conditions are right for these things they can keep spawning and apparently the conditions seem to be very dangerous right now.

I think once it was light outside and the real inspections began and more news of likely longer than shorter shutdowns became more real. Plus I think the big pipeline being shut for longer than expected was the tipping point. Sept going off the board probably fueled the move as well. But I don't really pay much attention to the news though Market action is more important to me.

yeah that announcement was the 5pm one. and you're right, evidently market action was more important in this instance.

VIX shorts drooling again