Not A Seller In Sight This Friday April 17th

Every little drop is met with hungry buyers. Scale in and scale out. Make money $$$$$$$$$$$$$$$$$$

 

I'm observing big 5%, 8%, 11% gains multiple days in a row in stocks with the lowest "quality" balance sheets, on no volume whatsoever.

Somebody is getting pasted.

 

I have been buying WFC right after the open. It craters down about $1.00, then starts to climb out.

It won't last, but for now I am enjoying it. The percentage moves are great.

Most of the major banks have reported so this little play may be ending today.

 

Pump-n-dump.

 

I'm seeing

- big % moves
- trend following / breakouts working well
- correlations weaker than normal

Since around April 1st

 

I have bought my first tranche of puts today, getting set for next weeks "event"

 

I've seen similar action in FRE, FNM and AIG.

Makloda, are you able to share the specific stocks that fit your criteria of low quality balance sheets?

 

For as far as the eye can see not a seller in sight. Just buyers foaming at the mouth buying at any price.

Dips are not waited for just start buying.

 

That would be the ones offering the free cooking lessons tonight at your local branch.