Overheard on StockTwits: Ideas for this Week $SLV and $GLD, Fade The Rally?

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  • on May 10th, 2010

Last week we asked the community what their ideas were for the week.  We got some FANTASTIC ideas many of which were quite profitable, so we decided we’d make this a regular.  Here’s this week’s ideas:

With the market ripping this morning, @harmongreg likes a short of $EL due to this chart:

@CVardhana likes $JRCC.  This was a great idea from the StockTwits Idea Engine a few weeks ago.

@optionbob like $GLD.  After remaining strong it’s selling off a bit on the Greece Bailout news, so this could be a nice bailout fade play.

@anthonybrown thinks it could be time to look into $XOM $CALL’s.

@grazen says to “become an insurance company” and has a diagonal spread idea using $SPY $PUT’s.

@wallstreetbean is bullish (note this tweet was before the Greek bailout news so we’ll cut him some slack)

Both @chessnwine and @TrendRida love Silver using. $SLV and $SLW.  Here’s @chessnwine’s chart and here’s an article detailing the manipulation case.

@blackmarkt likes $PRGS as a possible breakout.  With the pop we’re getting this morning, it may have already broke out. Here’s his chart.

Arrr.  The @PirateTrader is looking to fade any rally attempt by going long $TZA on any pullback (note this tweet was before the bailout announcement).

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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