The PURE PLAY on PLAY. ~ Zynga, Inc. ~ $ZNGA

Zynga = The PURE PLAY on PLAY.

 1) VIRTUAL GOODS = REAL PROFITS!

2) DOWN 15% from IPO 

 RISK: high valuation @ 6B+

LONG $ZNGA 

PURE PLAY: MOBILE GAMING $GLUU

 Glu Mobile

... looks like Mathew Drapkin, the "insider", tried to game the ZNGA IPO.  Not sure he got the pop he was looking for, but it creates a nice floor at $2.99-$3.00  *stop loss level

PURE PLAY:  MACAU GAMING $MPEL

Melco Crown
20%-30%+ YOY growth


 p.s. HEDGE:  $SPY JAN 123 PUTS


the market is a ...

The HIGHER LOW. ~ SPDR S&P 500 ETF $SPY

 

DEFENDING THE HIGHER LOW. 

LEVELS

1) RED bullish trend line from the low. (filled gap/top of base)

2) ORANGE bullish trend line from bottom of base. (unfilled gap) *

2) GREEN horizontal "higher low" support line.

* favorite buy zone (orange)
     ... gap fill area, oversold stochastic level, higher low intact.

p.s. watch/wait
   ... for the breakout spike in $TLT for a top/equity bottom.

the AUCTION KING. ~ Ritchie Bros. Auctioneers $RBA

... when the market crashed in 2008, it took the mom & pop construction company with it.  They borrowed money to finance NEW equipment for NEW jobs, then it all stopped.

 * NO JOBS, NO WORK *

can't make that lease/loan payment ?  ... equipment gets REPO'd!!!

Ritchie Bros current INVENTORY: (their loss, $RBA's gain)

• Construction Equipment (21251)
• Transportation Equipment (9443)
• Support and Consumer Items (9189)
• Agricultural Equipment (4254)

• Asphalt/Aggregate/Concrete (3753)
• Lifting and Material Handling (1923)
• Oil and Gas (1104)
• Mining (956)

• Utility and Power (540)
• Forestry (207)
• Property (Real Estate) (42)
• Marine (41)

 ... the world's largest industrial auctioneer, $RBA! 

risk: used equipment market is still weak.

reward: stock acted well during this week's sell-off. *

November 1st was a 15 month low, chart shows capitulation ... BUY! 

*14%+ SHORT INTEREST

full disc:  no pos, yet.

the QUADRUPLE TOP in the TRIPLE Q's? ~ NASDAQ: $QQQ

 ... i see 1, 2, 3, 4 Q's at the top of this chart  ... they used to call her the QUAD Q's, but they don't anymore.

"There's NO such thing as a QUADRUPLE TOP." ~ Richard Bias

Which way from here?  ... choose your own adventure.

 OVERALL TREND: UP

BULLISH TARGET:  $76 ... measured move of $16 from the $60 breakout (green arrow) *overly optimistic

NEUTRAL: $58ish ... sideways forever (light blue) *not likely

RANGE BOX: back to the bottom of the range ... from the low 50's to the high 50's & back again.(orange arrow) *all of 2011

BEARISH BREAKDOWN: $42ish, giving back the entire 16 point Sept 10 to Feb 11 bull run. (red arrow) *be prepared
 
FULL DISC:  Long Jan 58 CALL   

PowerShares QQQ Trust, Series 1 (ETF)
(Public, NASDAQ:QQQ)

The Collapse of CRUDE?! ~ ProShares Ultra DJ-UBS Crude Oil $UCO

or a PEAK OIL inverse H&S ?

UCO
$42.41 -1.08 (-2.48%)


Ultra Crude Oil $UCO
3 MONTH CHANGE:  -32.63%

DEMAND for OIL:  HIGH

SUPPLY of OIL:  LOW




... BUY 'ULTRA CRUDE OIL' ON THE DIP!



LONG: UCO & USO calls

The StockTwits Edge! ~ with @BuyOnTheDip $$

The StockTwits Edge

 

The StockTwits Edge:

Part One: Trend Following.
Chapter 1: Find Trends, Ride Them, and Get Off (Howard Lindzon, @howardlindzon).
Chapter 2: Trade, Trend, Tail (Keith McCullough, @KeithMcCullough).
Chapter 3: Don’t Quit (Michael K. Dawson, @TrendRida).
Chapter 4: Know Thyself (Chris Peruna, @chrisperuna).
Chapter 5: Insider Information Is Reflected in the Charts (Keith Kern, @stt2318).

Part Two: Value Investing.
Chapter 6: Margin of Safety (Todd Sullivan, @toddsullivan).
Chapter 7: The Bean Screen (Daniel Miller and Jason Robinson, @wallstreetbean).
Chapter 8: Fallen Angels (Michael Bigger, @biggercapital).
Chapter 9: Dividends Don’t Lie (Eddy Elfenbein, @crossingwallstreet).

Part Three: Day Trading.
Chapter 10: Only Price Pays (Brian Shannon, @alphatrends).
Chapter 11: Intraday Earnings Momentum Gap Trade (John Lee, @weeklyTA).
Chapter 12: Trading the News (Mike Bellafiore, @smbcapital).
Chapter 13: Intraday Momentum (Steven Spencer, @sspencer_smb).
Chapter 14: The Underlying Psychology of Large Players (Gilbert Mendez, @smbcapital).

Part Four: Swing Trading.
Chapter 15: Flags and Wedges (Joe Donohue, @upsidetrader).
Chapter 16: Breakout from a Tight Base (@chessNwine).
Chapter 17: The Base is Everything (HCPG, @HCPG).
Chapter 18: Trading People, Not Stocks (Joey Fundora, @downtowntrader).
Chapter 19: The Top Down Technician (Greg Harmon, @harmongreg).
Chapter 20: Identifying Trend Shifts (Derek Hernquist, @derekhernquist).
Chapter 21: A Chart Will Never Lie to You (Sunrise Trader, @SunriseTrader).
Chapter 22: The Short Squeeze Trade (Frank Zorrila, @zortrades).
Chapter 23: The Price Tells the Story (Derald Muniz, @1nvestor).
Chapter 24: Force Confirmations, Not Trades (Nick Fenton, @nickfenton).
Chapter 25: The Birth of a New Trend (Ivan Hoff, @ivanhoff).
Chapter 26: The Trend Intensity Breakout Setup (Pradeep Bonde, @stockbee).

Part Five: Options Trading.
Chapter 27: Unusual Options Activity (Joe Kunkle, @OptionRadar).
Chapter 28: Put Ratio Spread (Jared Woodard, @condoroptions).
Chapter 29: Know What You Don’t Know (Adam Warner, @agwarner).
Chapter 30: There Is Always an Option (Steven Place, @stevenplace).
Chapter 31: Selling Premium (Darren Miller, @attitrade).
Chapter 32: The New High Dip (Chris Stauder, @BuyOnTheDip).

Part Six: Forex Trading.
Chapter 33: They Call Me Mrs. Cable (Lydia Idem, @faithmight).
Chapter 34: The Mind of a Chartist (Raghee Horner, @ragheehorner).

Part Seven: The Art of Trading.
Chapter 35: Trading Is An Art (The Fly, @the_real_fly).
Chapter 36: Embrace the Tape (Quint Tatro, @tickerville).
Chapter 37: Macro Setups at the Crest of Structural Change (Gregor Macdonald, @GregorMacdonald).
Chapter 38: Broken Butterfly Formation (Anne-Marie Baiynd, @AnneMarieTrades).
Chapter 39: Always Happy, Never Satisfied (Joshua Brown, @reformedbroker).
Chapter 40: One Step Ahead of the Herd (John Benedict, @geckojb).
Chapter 41: Change is the Only Constant (Steve Gomez and Andy Lindloff, @todaytrader).
Chapter 42: The Kirk Report (Charles E. Kirk, @thekirkreport).
Chapter 43: Stick with Names You Know (Ronald Roll, @gtotoy).
Chapter 44: Massive Trends and the Trajectory of Noise (Phil Pearlman, @ppearlman).
Chapter 45: We Have Met the Enemy, and It Is Us (Abdel Ibrahim, @RatioTrader).
Chapter 46: A Contrarian at Heart (John Welsh, @johnwelshtrades).

p.s.  BuyOnTheDip will be hosting a retweet contest for a coveted "BOTD" signed copy!    ... stay tuned for details.