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Another Day In the Books

Not the greatest day. Not a lot of follow through out there today. Slightly red overall on the day, but well positioned moving into tomorrow. Took a loss on some weekly calls. Longer term positions are alright, and had a chance to add to a few today, while entering a few more.

Last night I spotted an article regarding $BABA releasing a speaker similar to the $AMZN echo. In May I tweeted that I was cutting my short term calls, but keeping the long termers, because I felt that $BABA was the chinese amazon.

Took profits on short term

play. Keeping the long termers.

That thought was verified when I spotted the article they were following in $AMZN‘s footsteps with a voice-based ordering system. This same system will compete with new releases from $BIDU and $JD as mentioned in the article:

The stock is still pushing strong after the cup and handle break out on the weekly view:

, W

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