We Going Down & I Sold FB – Feb 24th #SassyMusings

  • Call me crazy, but I’m near term cautious right now. If I had to guess I would say tomorrow will be a down day. If we get SPY 183 I will look for a possible entry to get long. And if instead we keep going higher tomorrow than it’s good I was just guessing.  #neverwrong 😉
  • I sold all my FB today. I think it has more upside, but I doubt too much more near term. Maybe I’m wrong….wouldn’t be the first time. Oh wait….
  • I’ve said that as soon as people realize AMZN isn’t going down anymore they will rush back in…but I still don’t know if we need more downside or not… a lot of good I am right?
  • NFLX had an amazing day, but as I mentioned over the weekend I’m cautious and am willing to miss the upside. It’s said that both VZ and T will likely be making similar deals to Comcast. See here.
  • I bought CZR this morning and feel proud cause it even outdid LVS (I also tweeted the CZR chart first thing this morning being the generous soul that I am.).
  • GS upgraded BIDU today and yet it didn’t do anything good. I think it will soon. SINA dropped right after earnings, but pulled itself almost all the way back up. The conference is at 9:00 PM Eastern I think. I would be surprised if it fell much considering the announcement of a 2nd quarter IPO.
  • Was good to see some finacials acting a little better. Let’s see if there is any follow through.
  • Chart of the day: Let’s go with CZRScreen Shot 2014-02-24 at 7.54.43 PM
  • Tweet of the dayScreen Shot 2014-02-24 at 12.21.13 PM
  • See here for open interest updates on SPY AAPL AMZN FB LNKD NFLX SCTY & TSLA
  • Happy Monday.

2 Enlightened Replies

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  1. thomas says:

    U are getting funnier w each post! #lol

  2. Brian says:

    Great post. I have similar feelings regarding the S&P. These were my posts at the end of the day in a trading site I belong to (learnstocks) …

    “Just a gut feeling, but I won’t be surprised to see selling pressure into market close and a bearish day tomorrow.”
    “I’m still kinda (not really a technical term 🙂 bearish going into tomorrow.”
    “SPX had a huge black candle to end the day.  Below 1848 level”