Facebook (FB) fell sharply at the open today, falling 12% to $33. This can only be good news for Apple(AAPL), as folks will look to go back into something that is actually extremely undervalued at $536. We expect Apple (AAPL) to trade over $560 this week and purchased the $565 calls for .68. We will continue to add as we think Apple (AAPL) we perform almost like a ‘flight to… Read More
How is it that the most hyped IPO in recent memory closed just in the green instead of up 50% on it’s first day? Was it from the constant upward pricing of the offering in the weeks prior to the IPO on the so-called pent up retail demand(THE SHEEP). Possibly, but maybe it because folks on the inside were getting a bit nervous about holding their shares longer then… Read More
Sina Corporation (SINA) has been an Optionmillionaires favorite over the past few months.There is nothing that an option trader likes more than a volatile stock, and SINA Corporation (SINA) sure fits the bill. SINA Corporation (SINA) reported earnings after hours, and the stock rose nearly 7%. Folks were expecting a loss, which they got, but revenue was above expectations. With all the bad press as of late,… Read More
I think people underestimate the true potential of a growth stock. The endless possibilities and limitless valuations. Growth stocks are an exception to normal market standards. Unfazed by macro economic conditions and gyrations, growth stocks continue to power to new highs. Like I said in previous posts, its only when everyone is on the Bull Bandwagon, that the stock pulls back.
Today’s earnings from LinkedIN (LNKD) shows the stock is… Read More
When I was a kid, my grandmother always told me don’t talk to strangers. Fast forward 20 years, and I still hear her voice as I read countless opinions on LinkedIn (LNKD) and why it will go down from here. Not that I will ever talk to some of those people, and I am sure as heck not going to listen to them. The bearish sentiment by the retail… Read More
Bad news can pummel a stock into submission. Take a look at the chart for SINA Corporation (SINA) below. We have made some very profitable trades on SINA Corporation (SINA) in the past, and we think it’s ready to make another move to the upside.
When SINA moves, it tends to be violent as folks chase a move they fear they are missing. Lets see if SINA starts… Read More
