Bidu about to tank down below $80

tried to short on IB and couldn't get any yesterday.


anyway, RM's second or third call on this thread: DAKT short a while ago.. that would've been a nice long today. Did the exact opposite... huge move up.

I figure its worth mentioning I'm at it for a second attempt with my CRM short. Earnings is tonight. Forward PE is 100+; this thing looks set up to disappoint. Looks like a pre-bubble-pop tech stock with valuation. Nice little pre earnings selloff the last 2 days.
 
crm does look like a nice short. Max pain at 40.

Of course that's what i thought about the channel break + broadening wedge on QQQQs. Market kindly handed my head back to me. :D

Good Luck.
 

Attachments

Quote from S2007S:

Anyone get EFUT, i couldnt get any shares which wasnt good because everyone knew a day like today was coming.
More...

no but i got trashed long vdna; momo crap of the day.
 
Quote from S2007S:

Anyone get EFUT, i couldnt get any shares which wasnt good because everyone knew a day like today was coming.
More...



I did :D Got out too early though.

Got some CRM before the close, too. :D
 
Quote from Bitstream:

no but i got trashed long vdna; momo crap of the day.
More...

Me too, and this trade was going really well at first.

VNDA exemplifies why I've been slumping so hard lately. It just feels like there's SOOO much smart money out there, going after the same intra-day plays as you & I do. Every trade these days feels so overcrowded, it's a night-to-day difference from the market of just a few months ago.

I'm usually able to come up with new exploitable patterns to replace the ones that stop working, but that hasn't happened yet for me this time. Frustrating as hell.
 
BIDU up almost $3 afterhours now. What's up? I checked earnings sked, don't see anything close to them.

It's actual trades, not bad ticks :p


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