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  • robynrokn robynrokn May 2, 2013 11:56 AM Flag

    Weekly wacky day

    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.

    Sentiment: Sell

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    • 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.

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