I mentioned on STwits back when FEYE reported , just didn't jive in my mind that high a market cap & took the short at 77, (got 10 on it to 67) , then they ran it back up to nosebleed levels like SPLK WDAY & YELP tagging 100 that got hammered today too. ( Now at $8bil cap still, could see $50 or $45 maybe)
Now those same shorts in control & exacting that pound of flesh with a vengence, while longs getting burned on the knife catching. Its right after the Chinese nets like QIHU YY & SFUN & a few bios like JAZZ PCYC CELG & SPLK WDAY CRM report winding up ER season...then look at all those charts since March 1rst exactly. (BIDU reported 2/25)
In every bullmarket have ever seen , after running things up 3-5x's into the RSI-70 during the 1rst half (they kite SPY up ) if you have plenty of dry powder at the end you are going to buy a new house shorting , they all were in bubble land. This is the time the serious boyz have been clamping down, anything that needed pruning.
WDAY got killed today, QIHU YY SFUN FSLR YELP SCTY DDD FEYE SPLK biotechs , even NDLS!! ;0)
( NDLS is what i called the "VJET" of restaurants when they ran it up , i called the VJET short up at 70 , XONE the same & DDD at 95 on Stocktwits, these 3D momos way overhyped/overvalued...but also played the momo game too ) |
