Every week we get a day when all the usual suspects and more all get a surge of buying for a day or more. See AAPL, GOOG (which again both are moving in unison vs. last year's pattern), AMZN, PCLN, CMG, biotechs. What's missing? The financials aren't getting any of the interest.. This week it's the post fed keep the gas on the fire, euro cut, and new month throw those IRA contributions against something tsunami of money coming into the market today. AND it is a tsunami of money cause they're even putting it into the 10 yr as well. CRM is just catching some of the tidal pool.
I bought a put on LULU. Yes, just a single put on that stock. I've made money on it in the past, but last week, I exited when it finally went to 20 cents above what I'd paid after going against me for a day or more. I think the downward movement in LULU is SNDK, on which I'd bought options on Monday. I could be wrong, but it's a stock that could bounce again. CRM has topped, IMHO. Apparently it topped when I went downstairs for lunch.
Does anyone have a position in WDAY?
I think AKAM is overvalued and (more important) has a big gap below where it trades now.
I have some September Puts there that are currently red. It's held up post the lock-up expiration there. I tried to add Decembers when it popped 2 days ago but my price never hot. I was not trying to do anything with it today.
My keyboard is jumping around when I write posts. I need to proofread before posting. I think the downward movement in LULU will happen. How soon and how far are the questions.
SNDK, on which I'd bought options on Monday and closed out yesterday, could bounce again (I could be wrong).
AKAM might hold, hover for one more quarter but without summer olympics to juice late summer quarter in the past they've gotten their usual end of summer , early fall dump. AKAM runs up on the spring quarter because of winter and NCAA , NBA playoff spikes.