Bullish Appreciation Day ~ $FB $GE $NFLX $SBUX *$VIX

 ... markets hitting new all time highs,  $VIX headed to zero, and cocaine is cheap ... the world is yours! 

SPECULATION @ WORK ~ General Electric Company (NYSE:GE)

the General.

LONG the Sept 25 CALLS! 

 ... with our recent win in $FB (+3000%), it's time for more speculation!  The General is forming a nice bull flag with a new high target.   Note today's volume in the Sept 25 calls (long) ... BOTD!

The DIPfolio

What does BOTD mean?

... with the new plates, i get asked a lot now.  BOTD???  Bo (Jackson) Touch Down?, Born on the Dock?, Bloated Organic Tempura Dumplings?, Bugged Out Tit Doctor?, Beemer of the Douche? ... Let's ask Free Dictionary:

BOTD? ... it's a stock thing.

ALL-TIME HIGHS.

... In 2007, when i started www.BuyOnTheDip.com, i had the foresight to pick an appropriate moniker, too bad my timing hasn't always been sublime. 

        does BOTD work? ... new all-time highs = YES.

///M3

The CHASE BOOK Trade ~ $FB

     The FaceBook is up 8 days in a row and breaking out from a recent base ... over bought and extended.  So, why buy now? ... Earnings Monday Wednesday.  This trade either works or it doesn't.  Trading is about having an opinion and risking capital on that opinion.   ... social, mobile, search, ads, instagram, etc ... buy FaceBook before Earnings!

LONG the AUGUST $29 CALLS @ .40  ... 40 contacts ($1600) *

*looking to add on pullback(s)


  

        ... who took the money?  #EarningsRoulette

Step by Step $SPY

Step 1) Monday = Hammer
Step 2) Tuesday = Confirmation
Step 3) Today = Follow Through

from $127/$128 to 130.77+1.74 (1.35%) ... from out of the money to near-the-money, to in-the-money. *raise stop above cost

watch resistance: @ 200ema

Hammer of the Frogs! $SPY

... today's candle just turned into sexy mallet of love, time to pounce on the bounce. feeling froggish? ... LEAP.

Long-term Equity AnticiPation

LONG: $SPY 130 Jan 2013 $CALL