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What do you guys think about a short in coin? Offcourse wild guess, but i thought it probably will hit 191 tomorrow (eoy) which could be a short entry.(Only entry short in higher part of daily candle)
That would be about a 3.8% up move from here, so yeah, I think that would be a safe order to place and let it sit. That would be a big one day move at this point, but ya never know. Might as well try. Just don't get too crazy with the size.
 
That would be about a 3.8% up move from here, so yeah, I think that would be a safe order to place and let it sit. That would be a big one day move at this point, but ya never know. Might as well try. Just don't get to crazy with the size.
I didn't meaned the upmove but if it gets to 190-191 tomorrow the monthly closes in the o/c of previous months (which could act as an(imaginairy) SR for a short position). But the stock moves crazy indeed
 
I didn't meaned the upmove but if it gets to 190-191 tomorrow the monthly closes in the o/c of previous months (which could act as an(imaginairy) SR for a short position). But the stock moves crazy indeed
Well the $185 straddle right now certainly implies it could get there. It's implying a 4% move between now and tomorrow's close.
 
Think the powers that be will close the S&P tomorrow at 4800 on the nose? I bet they do.

Someone told me the other day that my thoughts on how the algo's work was all hogwash. Yeah right. All things being equal, ie no unforeseen wrenches in the works, they know exactly where they'll close the SPY and QQQ every day. And when the vix is low... 1 or 2 days ahead. At least the following day for sure. And of course the monthly opex's... they probably have that one figured out 2 days prior. Maybe one if things are volatile. You can't tell me otherwise. Everything in between is noise.
The P/C ratio on the Q's was 1.85 all week. It dropped overnight to 1.26.

That means a lot of shorts have said "uncle" and you know what that means... market runs like we've had never correct until all the shorts are dead.

Wouldn't it be funny if we have a huge sell-off tomorrow? :sneaky:
 
Apologies I posted this on the wrong thread my computer got confused.

Back in NYC on the rusty wheels of steel...

I kind of Savant thought this out last week. I held off because we had a run with OTLK and I didn't want to fish too much in the low priced swamp of Bios.. Capital raising and all that....

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GO GET EM' HG

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Never really pulled in much)

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