Hopefully AMBA pulls GPRO up with good forward guidance. Either way, I expect GPRO to go higher going into the Christmas season. Mid 20's seems possible.
At the moment I'm glad I added just before it started moving, but the sudden volume increase suggests news. Anyone see anything other than the article about whether to buy?
Finding someone with a lesser known brand in the industry to make negative comments and push the price down further. Funny how they select a pic in which he is wearing hardware that covers his face. Drones will be a popular item during the Christmas season. I'm buying here.
This is a response to the Paris part of your post. Anyone here know how hard it would be to use facial recognition when searching for criminals/terrorists. They have a pic of the supposed mastermind of the operation, and unfortunately police supposedly at one point let him go because they didn't recognize him. Can smartphones use facial recognition with the right software? Would be great when law enforcement officers are looking for someone if they could just aim a smartphone at a suspect and match image to pics in database.
Judging from its recent performance lately, I think it may suffer from Lo T. Sorry, bad joke. I'm long and hopeful we get back to at least mid 50's soon.
Tomorrow looks ugly, and I don't think it will be a one day event. At some point I want to buy some VXX puts but think it may take a few days before topping out.
Makes no sense. Maybe the ETF wants this info to limited, as the relentless downward long term trajectory looks very ugly to anyone who might buy. That's why normally it is a great short, because it eventually goes to zero. As we all know, it can run up quickly, but it can fall even more quickly, as there is no intrinsic value to hold it up. Once volatility calms for a few days VXX can fall like a rock, so if you feel comfortable at some point that we are near the end of the current selloff, it is a great short. Some brokerage firms don't allow trading in VXX at all, ostensibly because many people lose their money and they feel they need to protect the naive investor.
I hate that when people disappear after predictions that don't work out as they planned. Sold my long and profitable VXX position around $19 (ouch) and am watching for an opportunity to buy a few puts. I'm expecting next week to continue sloppy and then provide an opportunity to buy VXX puts. Because they will be very expensive, I plan to buy longer dated in the money puts, probably several months out. Have done this several times and it has always worked, but I may look for an overvalued stock as a hedge in case the market continues pulling back.
Yesterday morning before the market got ugly, I thought about selling my losing put position for .20 per contract. I had bought them for .90 about a week ago. But then I hesitated, thinking at that price I should probably be buying instead of selling, as this market looks toppy. But I didn't. And today when NFLX started falling, I sold the last of my puts for around .60. Last trade of the day was $1.41. If NFLX continues dropping Monday, those same .20 puts that were available yesterday morning could easily be worth $3-$4. Also sold out my profitable VXX position far too early. There is always the crazy possibility that the market will begin anticipating inaction from the FED after the awful retail numbers and have another one of those counterintuitive rallies, so I didn't have the guts to hang in there longer.
Twice yesterday I was tempted to buy just based on the unusual volume and sharp move higher. Feel very lucky to have avoided the trap. Hopefully at some point they find a way to turn things around.
Hopefully it was a small bet. If the market continues lower tomorrow, it will take NFLX down with it. If the market stabilizes, you will likely get a bounce. If that happens, don't be greedy. Take your profit if you get a chance. Good luck.
You can sell the Nov 20 $110 call for $3.60 to help reduce anxiety about this pullback. Likely will be able to keep the premium.
You may be right. I just looked at historical prices since August and noticed that again and again after NFLX is over $100 it repeatedly goes back into the $90s. Selling covered calls here a strategy worth considering for longs. If market goes into a serious correction, people will be taking recent profits. Good luck to all.
For now I think this security will be event driven. One big hack and the stocks jump. Not sure how long you are willing to hold, but you can sell the $48 calls expiring in a week for $1.80 or so. Better might be the $49 calls for over $1. I sold some Nov $50 calls for $3 and am glad I did. Plan to keep selling covered calls until I can get at least $50 including option premium. Good luck.
I'm guessing $106. Anyone want to take a shot? Probably sideways for the week IMO, as the stock need to rest before moving higher.
You can never tell in this market. Easy enough to manipulate lower and pick up shares before earnings. Bought a little near the lows thinking this might be the bottom. If we get any strength early I'll take my profit. I definitely won't hold any significant position into earnings, even though it might be profitable to do so. Just too risky for me.
When the stock opens lower in the morning, I plan to start buying. Earnings near. All it will take is some positive comments about the future to bring about a strong rally, as we are now at bargain prices.
Sounds very similar to what many said about TSLA when it was under $100 and they were shorting. Too many unknowns to predict which way this stock goes. Anyone shorting should do so very carefully IMO.
cdman--My account was working OK, but that is very frustrating when it happens. You had a very good plan. A big move early after a huge move the day before was very likely to experience some pullback. And with such a big day the day before there was minimal risk of the market going much higher than the open. As themarket pulls back VXX usually moves very nicely. I'm annoyed I didn't buy long dated puts back in the mid 20's--even a small position as the long term future for VXX is lower and lower and lower. That said, if you pick your spots you can still make money on the long side. I started a small position Friday and think it is highly likely we will see $20 plus again in the near future.