doc--Be careful. APA could be a big mover tomorrow. What else you trading lately? I'm watching MLPs for the first sign of good news. LINE has been slaughtered on an announcement of SEC investigation, and all the other MLPs sold off hard Wednesday also. If the SEC attacks then entire MLP sector, then I'll avoid, but if we see any news that this won't impact other MLPs or is likely to be a brief investigation with not much damage, then they are set up for a rally. I like EVEP under $35 if I can get it. I'm also shorting the Amazon of the 90's--Tesla.
Wow. Punbr you like living dangerously my friend with your Tesla short. Wouldn't touch that with the proverbial 10 foot pole. Yes, APA caught a nice move Friday with the upgrade. No doubt, that was well timed and influenced by some money guys getting there positions effed the last week. They will be selling into this pop guaranteed. Right now, I am playing it close to the vest as we are nearing an inflection point in the market. The next week or so should determine the predominant direction for the remainder of the month, imho. I am long CVX and INTC from last week with a small SPY hedge. I am looking to sell remaining longs into SPY $164 attempt. Ulitmately i feel we go down again, at least to retest the June lows.
Yeah, and who was right about that...seems to me the market dropped like 100 S&P points in a few days after the Fed. Being in cash is King sometimes. And by the way I did make a thousand smackers being short the S&P on that down move from $165 to $160. Just a small bet that paid off...
another idiot, making no useful stock calls. I been right on this stock more times than you can count! By the way, i been long and short from the $87 level to $83 level for weeks, playing the range just like i advised all of you to do. Of course, always with a greater bias to the downside. Don't be crying 'foul' cuz you didn't listen.