i agree that FB earnings are relevant in the short-term. There is a substantial possibility of another push to pressure shorts in these stocks to cover later this week. However, I think the writing is on the wall medium-term. Any big money that wanted in on any of these high-flying stocks (FB, AMZN, NFLX) has already been in for awhile. The trading action in AMZN and NFLX after their earnings bumps indicates that there isn't enough new money coming in to balance the profit-taking. If the market in general strengthens then the squeeze could continue longer, but if the market in general is volatile or weak then profit-taking will continue to be the dominant force.
Pause at the 50% retracement after jumping to $580 from $480. Now it is a little bit tricky. It all depends on FB earnings on Wednesday. Can go either way.
Looks like it is back down to the low end of its new trading range (525 - 560) now.
Sentiment: Strong Buy
blust35442: "But you said you would wait until Friday (10:03am ET)."
The calls I bought didn't appreciate at all when AAPL hit an afternoon high (~123.50). There was no reason to hold those calls anymore. (They seem to be overvalued to start with.) Unlike shorts here, I don't wait for miracles. AAPL may hit 127 tomorrow, but that's like a miracle at this point.
That is why you need to long AMZN. Bezos is the only CEO who knows how to squeeze the shorts because he used to a fund manager working at Wall Street. Bezos' every announcement and move are well calculated. His goal is always to cause short squeeze.
Yep. Lots of people absolutely lost their #$%$ last week, especially the shorts not to mention those that feared earnings and closed their long positions the day before the release.
The stock only goes up when there is a short squeeze....longs will never
CAN MOVE THE STOCK UP....WHEN SHORT SQUEEZE IS DONE THE STOCK
IS BACK TO DO NOTHING....SO SELL AND SHORT BY GOOD NEWS NEXT TIME.
And I thought I was leaving thousands on the table when I sold my 10 Jan 2016 460 Calls last week the day after earnings. I might just go back to church after 30 years. I'll step back in with Jan 490 calls soon, real soon.
He is a phony. He builds a fake reputation of successful "trades" so that he can claim to be "all cash" most of the time and sit back and bash other people.
Geegenjar will never say which exact calls he "buys" because committing himself in that way would expose his lies even more obviously.
Buying long options to flip as a primary trading strategy is literally the fastest way to go broke in the stock market, yet Geegenjar pretends to be the one person on the planet who has such perfect timing that he can beat the bid/ask spread and time decay costs day in and day out. It would be a better bet to play slots in a casino 10 hours a day for a year than the "strategy" Geegenjar pretends to be using to beat the system. He is a lying clown.