Hoping for a 7% Decline By March Options Expiration

[william the wie]

While I do make money if the market goes up or sideways looking at the overpricing for FANG earnings a rush to issues with greater liquidation value than the stock price would do me proud. What do you think my chances are?

 

[Toro]

Overpricing has zero to do with it in the near-term.

The near-term is all about momentum and newsflow.

 

[MarathonMike]

Earnings are going to be killer this quarter so I don't know. There might be a decline but 7% might be a reach.

 

[william the wie]

Actual housing declines have already begun in Manhattan and CA is dealing with tax increases and decreased public services. The DOJ, FBI and NSA want a deal that will get them out of the cross-hairs of the FISA memo release. That in turn means that Trump and Kelly have maximum leverage to take out Comey and Mueller at the request of the worried agencies. I am hoping that one or both of these trends work out.

 

[william the wie]

This little prayer is working out nicely