hungry_hippo

hungry_hippo Updated 

Looks to me like this correction is overdone, I even expected a rally on the Fed news. Good thing I'm bearish, I was still shorting crappy companies like MNK, UAA, and NKE when the market tanked. Drew a bear flag on the SPY, target is $247.5, which isn't that far. Of course, the target is a guideline, it didn't reach the target back in March, and it could...

hungry_hippo Updated 

Hung up in no man's land... Market moved so fast, I didn't get a chance to post anything this afternoon... I actually bought and flipped puts twice today and kept some weeklys on the third trade. Target $127.5 or bust. I bought the puts with profits anyways. Might flip some if FB gaps down tomorrow. Next stop is $115, might roll some profits into Jan puts...

hungry_hippo Updated 

NKE looks weak in today's rally, earning coming up tomorrow after close. Apparel has not done well this earnings season, declining margins. NKE is no exception. Revenue increase has primarily been overseas, and the Chinese economy has taken a hit this fall. Going over the numbers, P/E ratio is over 25 (adjusting for the big tax hit), dividends 1.75%. ...

hungry_hippo Updated 

Broke bear flag and support, target $16

hungry_hippo Updated 

IBM usually bounces up twice before setting a new low. Bought various puts after SPX gap close this morning, decided to keep this one for another week. Target is $112. If you want to get greedy, $105 marks the double bottom, from Jan 2016, would recommend Jan puts. Balance sheet already looks like crap, and they're going to overpay for RHT? Not even sure how...

hungry_hippo Updated 

It's obvious that the big boys are running a different computer algorithm, look at the trading today. Straight channel down, no panic selling or buying. Usually only happens upwards, now we're seeing it in the downward direction. In any case, failed pennant breakout on the intraday chart, expecting a down day Monday. Market will continue to set new lows before...

hungry_hippo Updated 

Lots of stocks bottoming out, need to look for stocks with room to drop. MCD looks like it's formed a diamond top, expect it to give up some gains.

hungry_hippo Updated 

I think the Lira rally is over, TUR appears to have broken the trendline. Keep in mind that this is not currency hedged, so you're basically betting against the Lira currency. I'm always looking for things to short since I can't get bullish on this market. I expect the US market to bounce later this week, but that won't help the Lira.

hungry_hippo Updated 

XRT puts have good liquidity, cheaper way to bet on COSTCO earnings than COST options. Going with puts this morning. Already down quite a bit while I'm typing this since most retailers are tanking anyways.

hungry_hippo Updated 

Surprised that COST hasn't fallen farther AH, revenue growth is nice but gross income actually went down Y/Y. Net income increase is strictly from the tax cut and one time events. 31x P/E 1% dividend When the recession hits, this will get cut in half easily. P/E ratio is way too high, dividend yield too low. No active position yet, let's see where it opens...

hungry_hippo

This is how the Dot Com Bubble burst. Expecting something similar next year.

hungry_hippo

Pennant and accumulation indicates it's headed up towards $45. WiIl short then, I'm not going to buy and hold garbage.

hungry_hippo Updated 

PVTL is up AH, looks like they're gonna squeeze out the 7M shares that are shorted. Wait for $21 and/or about 10M shares traded before entering a short. Let them squeeze all the nervous shorts out first. Stock is trading at 6x forward revenue (not earnings), and guidance is for a loss next year. Revenue increase was only 3% Q/Q. Any idiot can increase...

hungry_hippo Updated 

Must have been one good conference call, SFIX was up 10% AH and then tanked. Now down 10%, ad sitting at $23 AH as I type this. I doubt anyone is gonna buy this pig other than shorts covering. Quite frankly, the reviews for Stitchfix are terrible. Don't buy stock in any company that you wouldn't do business with. Not sure why anyone would want a company that...

hungry_hippo Updated 

Not real sure on this one, only a small play. Last time W tanked on earnings, it hit the 50DMA and dropped. Do we get a repeat? If it breaks through, it's probably going to set a new high. I would not naked short this one, bought Jan puts. This is one of the biggest Ponzi scheme in the market. Anybody can increase revenue by selling at a loss. When W goes...

hungry_hippo Updated 

They pumped this garbage stock yesterday on what appears to be massive short covering, got lucky and grabbed some Dec 25 puts for $1 this morning. Figured there's no reason for this to be up when the market gapped down in the morning. Thinly traded stock, options don't trade at all. Stock doesn't follow the general market, which is good since I expect the...

hungry_hippo Updated 

Seems like we're done with another real estate and stock market bubble, could be a double top on XLF.

hungry_hippo Updated 

Pretty good liquidity on UAA weekly options, this one might be a good short term trade (as in 2 - 3 days). I'm already in this morning but you may want to see how the day ends. UAA goes gap with the market, so if they pump futures on Monday this will gao up. Overvalued though, based on this blowout quarter it's got a P/E ratio of 33 and no dividends.