I'm with you...I didn't use sound trade control levels and took a much bigger hit than I should have and just had to end the pain...It was super mo-mo but most mo-mo#$%$ a wall and take nice drops at some point...Maybe it's Yelp's turn...It's not acted rationally for months so not sure when any rational price action returns...I'll play some other things to make up for it and will get back on Yelp day-trading or even be able to short again after the wash period is over for me...Good luck.
The way I see it is that the right side of a cup and handle is forming where the cup starting forming back in mid-January. C&H's have little down turns as they form the right upward trend so if it breaks back up through the 50dma, it should keep moving its way back up to the $19 area which will probably happen before the ER in early April (If that date is accurate)...Anyway, keep an eye on the 50-day and a break back above the last little drop from $16 a few days back. Any other chartists please weigh in! Good luck.
Building the right side of a cup and handle IMO...Heading to $18-$19 most likely...Late March.
building the right side of a cup and handle...Heading to $18-$19 most likely...Late March.
I had to...Didn't want to but it ran up another $7 after I got out...Sucked to me on this trade but after 30-days I'll probably day trade it as it has great swings every day that I hope to play and make up some of my losses. I'll monitor the board and the stock action and agree that it will have its day of reckoning but it might just stall around here for a while. Maybe Cramer read my emails and the post on Yelp on his Mexican restaurant site and is looking into the extortion claims...Probably not but who knows! I agree, hang on, you'll see the drop happen but couldn't afford to have another run-up on no news like has been happening for months outside of the Yahoo news which didn't really do much. Good luck...I'll be watching.
I sent him two emails with links to stories about the extortion going on...I also posted on Yelp on his Mexican restaurant site and it stayed up about 4-days before being pulled...I'm sure he had it taken down but he got the message. I said "Jim, if you are a man of the people like you say you are, you wouldn't be pumping a stock that extorts money out of businesses to make their ad-revenue"...Who knows if it had an affect on anything he was thinking or if he even saw it but the stock price has stalled and he doesn't think it's going to the moon anymore...Maybe some others have told him about the Yelp tactics...We'll see.
Spec...I've been watching BBRY for about a month or so and not in it yet but wondering what your reasoning is for your very bullish near term prediction? From my reading up on the stock, it seems like it has some room to run and the chart looks like it should let it run to $15 if it wants to...Just looking for some fundamentals from you since you've been doing well calling it's moves the last 6-months or so. Thanks and good luck!
If you are talking about the Options Action show I took it to mean they are done with the trade they put on a few weeks ago and say it's run it's course and to get out of it. I didn't hear them bash it especially after Carter Worth about 3-weeks ago said Zynga had one of the best 'bear to bull' bottoming formations he had ever seen...Not sure he would do a 180 off that comment. Nobody said the stock was going nowhere...Just the trade they had on. Maybe I watched it with Rose colored glasses on!
I can get much of the same stuff at Safeway and QFC in my area...The big boys copied WFM's success and will take even more business away from them and charge less for the similar foods they sell!
Any super chartists out there might have some ideas on this...Gaps don't always get filled but many times it helps if they do so they can fly higher...
So if they make a ton of money on real cash gambling in Europe and other places that doesn't count?
I've made a ton of dough off of Carter's calls...He's not always right but he makes decisions that affect how billions of dollars are invested...He is right a verrrrry high percentage of the time.
If you think this stock is going down based on that purchase, you are nuts...It might drop a little off the recent run but it won't be down for long before it starts going up a few bucks a month until July.
Don't listen to anyone on this board...Listen to the people that bought those July 40 options...Those guys KNOW what they are doing...People on boards like this wouldn't be on boards like this if they were killing it in the stock market...They'd be on an island somewhere trading...
I'd like to get into the stock based off the huge July 40 options buys alone but not at this level...Up $3 in a day is all mo-mo but I'll try to wait to get in back down in the $20's somewhere but who knows if it drops based on the emotion you talk about...I've got run over badly by some mo-mo stocks and I won't short it but would rather buy-in at a lower pps if possible...If I miss it, I miss it...This market is stretched and needs another pullback at some point...Maybe I'll get a shot.
Why do you think it can get to $35 that fast??? Would be great to see but that is a 10% run up in a short amount of time.