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Joel M

Joel M
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  • Joel M
    I'll fade this FB rally too just like the earnings pop. What a crock.
    11/14/12
    Reply (4)
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    • Brian58: max pain appears to be $20 but who knows. I'll fade also.
      11/14/12
    • Joel M: I'm stopping out at 24 if this continues. Kind of stunned it has this much momentum behind it.
      11/16/12
      • Joel M
        YELP Pre-earnings announcement baked in bad news already. Short covering imminent. Heading back to top of trading range.
        11/1/12
        Reply (7)
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        • realornot: I cannot put a value on YELP. Won't even touch it.
          11/1/12
        • Joel M: 24 is not really a floor either - it traded below this level at least 3 seperate times since July.
          11/1/12
          • Joel M
            Blatantly obvious short opportunity here. Carl Icahn has until Sep 2014 to activate his call options. Short term negative on NFLX.
            10/31/12
            Reply (8)
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            • Joel M: I mean really, buyout rumors when they have a forward P/E of over 150? Ha! Who's to say Icahn doesn't cash out tomorrow after the jump?
              10/31/12
            • bbrady413: He'd be stupid not to. Even relief rallies have only come from rumors and price pumping. Not a good piece of fundamental news to be seen.
              11/1/12
              • Joel M
                Not liking the risk/reward of continuing to short LNKD here. Chart motion today is throwing me off.
                10/31/12
                Reply (1)
                • Joel M: Thinking of buying the Nov 100/110 strangle.
                  10/31/12
                  • Joel M
                    Selling 500 puts on AAPL here looks like no-brainer way to make some easy cash. If you do get put, that's a price I want to have AAPL at.
                    10/26/12
                    Reply (7)
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                    • FortSumter: Question. If I have Nov $625 calls (I do), can I sell weekly calls against those monthly to try and "fix" my position?
                      10/26/12
                    • pocohonta: @FortSum: u have to ask your broker if ur options level allow spread, then decide which strike, then make sure u meet margin min & eval risk
                      10/26/12
                      • Joel M
                        Yet another blow off top for YELP. I love it. Provides a great trading range that is pretty predictable.
                        10/25/12
                        Reply
                          • Joel M
                            Growth is worth a premium, but not...any premium. By any metric this company is stupidly overvalued. Can't wait for options to open on WDAY
                            10/18/12
                            Reply
                              • Joel M
                                After missing top and bottom lines, I'm surprised CMG is holding up as well as it is. I would have thought at least <240 AH.
                                10/18/12
                                Reply
                                  • Joel M
                                    Glad I stayed out of CMG - this thing could swing either way. But, on a personal note, I tend to agree with the short thesis.
                                    10/18/12
                                    Reply
                                      • Joel M
                                        Stunned by LNKD price movement. If it goes above 125 in this market euphoria, I may short via puts.
                                        9/7/12
                                        Reply
                                          • Joel M
                                            Exited YELP short for a hefty profit. Feel there is a little more downside, but no one ever went broke walking away.
                                            8/15/12
                                            Reply (6)
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                                            • Joel M: Totally depends on insider selling, and where we sit at the end of the week... But I feel we'll see somewhere around 17-18.
                                              8/20/12
                                            • Joel M: Maybe lower though; the float is small and I'm sure people want to diversify their holdings with social media imploding.
                                              8/20/12
                                              • Joel M
                                                Who knows what happens with GRPN, but one thing is for certain. There's going to be some very happy and very upset people shortly.
                                                8/13/12
                                                Reply (3)
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                                                • Joel M: Congrats to the shorts. Here's to hoping GRPN's movement takes down FB ahead of lockup exp.
                                                  8/13/12
                                                • realornot: exciting news for law firms though.
                                                  8/13/12
                                                  • Joel M
                                                    CRM Same pattern before last earnings call. I am doubling down short call - will ride down and close before earnings report/SPINSPINSPIN.
                                                    8/13/12
                                                    Reply (2)
                                                    • Joel M: Revenue growth of $140MM is easy when it costs $200MM to get it - selling dollars for 0.90. Non-GAAP will account for loss to earnings.
                                                      8/13/12
                                                    • realornot: should work!
                                                      8/13/12
                                                      • Joel M
                                                        YELP still playable prior to lockup expiration later this month. Still recommend short side.
                                                        8/13/12
                                                        Reply
                                                          • Joel M
                                                            YELP is screaming short at these levels. Great execution as evidenced by Q2 results, and there's premium to be paid for that, but nearly
                                                            8/8/12
                                                            Reply (2)
                                                            • Joel M: 35% in a week, 20% of which was in the last 3 days, after the Q2 announcement? That's a bit too much. Retrace coming to 23 soon.
                                                              8/8/12
                                                            • Joel M: Especially with a lockup expiration approaching at the end of the month, consider shorting YELP.
                                                              8/8/12
                                                              • Joel M
                                                                SPY having a hard time holding 140 for all the market 'strength' we keep hearing about from MSM.
                                                                8/7/12
                                                                Reply
                                                                  • Joel M
                                                                    Yet again, CRM is giving us another chance to short back to the 125 level. Consider puts at the end of the day when the movement peaks.
                                                                    8/3/12
                                                                    Reply (7)
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                                                                    • FortSumter: FB seems like a risk. I'm wondering if there will even be selling since the expectations were so high they may just wait it out.
                                                                      8/3/12
                                                                    • FortSumter: A GRPN sell-off wouldn't surprise me since I think they now realize the business has absolutely no moat. Might as well get out.
                                                                      8/3/12
                                                                      • Joel M
                                                                        Surprised at market stength in afternoon. Think it's a sucker rally and we open lower tomorrow morning. SPY DIA
                                                                        8/2/12
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                                                                          • Joel M
                                                                            CRM providing an awesome opportunity to ride it back to 125 from here, again. Wash, rinse, repeat.
                                                                            7/27/12
                                                                            Reply (4)
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                                                                            • Bret Kenwell: Institutional ownership is >90%. Retail traders either A. have to have an iron stomach or B. Get out of the way.
                                                                              7/27/12
                                                                            • Joel M: The wild card is QE/LTRO next week; CRM is highly correlated in movement with S&P; if easing comes all bets off.
                                                                              7/27/12
                                                                              • Joel M
                                                                                AMZN says same-day shipping not economical; big surprise there! Ha! Who actually thought that would pan out?
                                                                                7/26/12
                                                                                Reply (1)
                                                                                • realornot: try donkey express... far cheaper...still be same day if you are within a 20-25 miles radius to the shipping plants.
                                                                                  7/26/12