GBA Presents: THE GREEN MARKET

stonedinvestor said:
SNAP-

Such a difficult call. I have to admit I was half open to buying it yesterday! Even though the HF went short. I looked at a long term chart and made the case- You know what this could really crap to bed. And that's because there was a large area of no prior price action . I'm foggy now and have forgotten the numbers exactly but in my mind the stock BROKE critical support. And I volunteered it as a short idea.

Twitter is at a 52 weekl ow.

RBLX re surfaces with the better chart<---- I don't know why but usually the stocks don't lie.

I would use RBLX.
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Someone just sold 26,500 of the Jan 2023 $42 puts on SNAP for $8.15
That'll be a $21.6M payday if SNAP is above $42 this time next year.

ABBV just hit a 52 week high btw.
$137.90
 
There ya go Stoney.
Just like clockwork.

vanzandt said:
Regarding tech---- today's one of those tricky days. The Naz could easily drop another 2% tomorrow, and everyone who bought the dip today will take a hit or be stopped out. That would be my guess.
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Someone just sold 26,500 of the Jan 2023 $42 puts on SNAP for $8.15
That'll be a $21.6M payday if SNAP is above $42 this time next year.

I want some of that! How much did they have to risk to make $21 mil....
 
Ok folks so when you wantto know which is the most powerful tech stock you look to days like teses to tel you.

<<A 2022 GBA TOP PICK-) VICR>>

Vicor Corporation (VICR) 1 MONTH DEC 10TH $117----- Now

123.14-3.04(-2.41%)

Roblox Corporation (RBLX) I think you are good to go Van

88.54-6.61(-6.95%)
At close: 04:00PM EST
 
stonedinvestor said:
THE GREAT ROTATION. WHAT HAVE YOU ROTATED TODAY
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Well Stoney, I don't know who all reads this thread of ours, but I'm gonna throw something out there for any of the WSB's types that perhaps read it but have never joined ET.

If you owned a tech stock today that dropped over 6%, I've got some bad news--- it's not coming back for awhile unless it's real strong. I hate to think how many folks out there bought yesterday, they lost a ton, and if they didn't close today, they're gonna lose more. There's still plenty of good stocks, it's just that the ones all the stupid money chases, those are the ones that aren't coming back soon.

stonedinvestor said:
Roblox Corporation (RBLX) I think you are good to go Van

88.54-6.61(-6.95%)
At close: 04:00PM EST
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Well, you said that today when it was at $93-$94 so.... you go for it lol. I wouldn't touch it at the moment. I do like it though, and it would be one that might get a bounce.

Didn't I tell you SNAP was a bull trap? I didn't buy it either today thank god.
That option trade you asked about, it didn't cost him anything. He pocketed $21.6M by selling those puts. Obviously a super-whale to have that kind of account. Probably a fund. But basically to answer your question, if it closes above $42 a year from now, they keep every penny. They basically stay green on the trade all the way down to $33.85. At $33.85 they start losing money, assuming they hold the position until next January. So every dollar below $42 next January subtracts $2.65M from that $21.6M. ---- This trade is scary in a way. There is no easy money and I don't care if it is some super-whale fund, they lose money too. I think SNAP is gonna continue to fall. Unless that was an insider, that trade just seems too easy. Those never work.

You see ABT dropped some more too despite all the news surrounding it and the test kits.

The Matterhorn dropped huge. I feel bad about that. I told J it was ok to buy a little at $18. I should have known . Kinda pissed at myself on that one.

That TeleDoc stock you mentioned yesterday that Cathy bought. Ouch. You'd think she would have seen this sell-off coming and held off on that buy. She should read what I write on this thread more.

Well break out the shopping list Stoney. You like the Robo, I like ZI. Bought a little and the more it drops, the more I'll add. That one will the lead rebound when it comes. The Robo will too, but percentage-wise, which is all that matters, my money is on ZI. $53 was a steal today.

Stick with VZ Stoney. It's times like these you need me. ;)
 
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Chicago closed schools. Damn it. That's not smart at all.

I think Asia will soon have supply constraints again as large numbers of workers call out.
30% of NYC's ambulance corp is down<-- that's the rumor. We all have to juggle this: workers out and then returning to work too soon... That's the real-life rotation going on.

I can't beleiev my Chase branch closed.

Stay Strong NYC KEEP SCHOOLS OPEN!
 
stonedinvestor said:
Just looked at RBLX try for $85 it may get there.
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Van why do you always have to say something not true about me? I certainly did not tell you to buy today I said compared to SNAP I'd go with RBLX and then I came back on and told you the price which you got.

I'm buying tomorrow.
 
That option trade you asked about, it didn't cost him anything. He pocketed $21.6M by selling those puts. Obviously a super-whale to have that kind of account. Probably a fund. But basically to answer your question, if it closes above $42 a year from now, they keep every penny. They basically stay green on the trade all the way down to $33.85. At $33.85 they start losing money, assuming they hold the position until next January

So it is a free trade you just assume the risk. The options are free? If they don't cost anything then what happens if I sell in two months and the stock is above $42 then?
 
Van I don't think you have your computer on the correct settings ABT is a rock! Not only that some good buying earlier in the day.

Abbott Laboratories (ABT)
135.16-0.61 (-0.45%)
At close: 04:02PM EST
135.49 +0.33 (+0.24%)
 
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