Subscriber Chat Room Archive (August 29th-September 4th)
Here’s the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
888
August 29, 2013 – 8:15 am
@eryba1: Goog has corrected quite a bit here, do you think it is a good buy at this level?
eryba1
August 29, 2013 – 8:23 am
@888: I only say what I am doing and that is I am a buyer at these levels having corrected from 925 to 845 ish so a near 8-9% correction and is oversold as well on RSI chart
eryba1
August 29, 2013 – 8:26 am
@888: In the same camp I would put CIEN, SNDK,AMZN,ZNGA,FSLR
888
August 29, 2013 – 9:32 am
@eryba1: thanks!
eryba1
August 29, 2013 – 9:32 am
Good news from CIEN today on Italy provider. is thats stocks correction over? We will that and a lot more next week
888
August 29, 2013 – 9:32 am
@eryba1: if you were to rate the picks above, what would be the ranking in order?
eryba1
August 29, 2013 – 9:33 am
@888: Interesting question- Ok lets play
eryba1
August 29, 2013 – 9:34 am
Goog 9 amzn 8 fslr 9 cien 6 sndk 8 ZNGA 6 where 1 is a DONT buy and a 10 is Fabulous buy IMHO
eryba1
August 29, 2013 – 9:38 am
@888: FWIW- I wanted to rank CIEN an 8 after its 23 to 20 correction but with earnings next week I like others have bot in small tranches until earnings are released.
eryba1
August 29, 2013 – 9:41 am
now the MISSILE strike on SYRIA is on HOLD as WAIt we have a G8 meeting next week, we cant have military action during that. Putin for what thats worth says a diplomatic intervention is needed / undergoing
eryba1
August 29, 2013 – 9:57 am
cree upgraded at JPM I am looking into that as a buy here
eryba1
August 29, 2013 – 10:19 am
Google glass on a regular shaped conventional glasses frame vs star trek versions we have seen before: https://www.google.com/search?q=Amanda+Rosenberg+google+glasses&hl=en&tbm=isch&tbo=u&source=univ&sa=X&ei=QlgfUoaPCPa1sQTu6YDQCg&ved=0CD8QsAQ&biw=1295&bih=792#facrc=_&imgdii=_&imgrc=Nax3u_fHCk6-nM%3A%3Bk7oLGSMw6QpTmM%3Bhttp%253A%252F%252Fimages.seroundtable.com%252Fdesigner-google-glass-by-google-1375358382.jpg%3Bhttp%253A%252F%252Fwww.seroundtable.com%252Fphotos%252Fgoogle-glass-design-17159.html%3B640%3B640
jakef1111
August 29, 2013 – 10:24 am
Id rate gdx a 9 here based on the pullback to support and 50 day
eryba1
August 29, 2013 – 10:26 am
@jakef1111: GDX swings wildly so give this one some room IMO 26.3 like room to the downside perhaps
jakef1111
August 29, 2013 – 10:33 am
Cant go back now i rated it.. Haha
eryba1
August 29, 2013 – 10:33 am
@jakef1111:
eryba1
August 29, 2013 – 10:34 am
Lets watch if oil and 10 year yield decline = double positive foe the market / economy as a whole
eryba1
August 29, 2013 – 10:35 am
@jakef1111: always be flexible- the sign of a smart person is to know when things have changed and adapt to the change vs conceit defeat !!
jakef1111
August 29, 2013 – 10:38 am
I was joking but it has good support here and it hit its 50 day
eryba1
August 29, 2013 – 10:39 am
@jakef1111: I trimmed some GLD at 137 would like to add back if we see 131 range
eryba1
August 29, 2013 – 10:45 am
i like to buy stocks of items I use and I think will make $$. I have yet to buy CREE lighbulbs but as a shareholder as of today I will look into testing some of their products and I will go to Amazon to see whats available, reviews etc
jahmon
August 29, 2013 – 10:48 am
Cody mentioned that the Jan $32 GDX calls might be worth looking into
eryba1
August 29, 2013 – 11:03 am
anyone else added CREE the past few days?
jahmon
August 29, 2013 – 11:14 am
Small add Elad. Cody said he was probably going to add some calls to was waiting for that.
msamuels2000
August 29, 2013 – 11:16 am
@eryba1: I jumped into CREE with both feet when I saw the chart after Cory’s call. I don’t need any more but I like the setup
eryba1
August 29, 2013 – 11:17 am
@msamuels2000: yes setup looks good was VERY oversold fell from 75 to 53.
eryba1
August 29, 2013 – 11:19 am
@jahmon: it seems to have found support at the 55 area
888
August 29, 2013 – 11:21 am
@eryba1: thoughts on FIO, one of the fav of Cody before?
eryba1
August 29, 2013 – 11:22 am
@888: Never say never but I will NEVER invest in that one again!! havent in all of 2013 got burnt in 2012, way too erratic, way too inconsistent and thus not for me.
jahmon
August 29, 2013 – 11:24 am
most hated stock here
jahmon
August 29, 2013 – 11:25 am
Cody, any advice on those Sept WAGE calls? Take a little profit now and roll into November or hold the course?
jahmon
August 29, 2013 – 11:25 am
puts
888
August 29, 2013 – 11:26 am
its my most hated stock as well
jakef1111
August 29, 2013 – 11:46 am
Snce my 9 rating on gdx it has turned green… Talk about market moving analysis
eryba1
August 29, 2013 – 11:47 am
@jakef1111: what else do U want to talk up
INTC? LNN? GLD?
jakef1111
August 29, 2013 – 11:48 am
Lol
LONGFOOLS107
August 29, 2013 – 11:51 am
any thoughts on scty, dead brick to cut loose or there’s still hope?
LONGFOOLS107
August 29, 2013 – 11:53 am
I only have a small position started at $42, but it’s been falling ever since
jahmon
August 29, 2013 – 11:59 am
Jake you actually reminded me of Cody’s gdx jan call comments and a bought some…so thank you
jakef1111
August 29, 2013 – 12:01 pm
@LONGFOOLS107: i personally dont like scty i havnt done enought research but i know they are dependent on gov subs and loans to consumers. I think the best thing to do is analyze their business model see how they make money… Maybe even call them if their in your area for an estimate and see if their doing something sustainable… Just my idea ultimatly its your money
LONGFOOLS107
August 29, 2013 – 12:02 pm
Thank you Jake
jakef1111
August 29, 2013 – 12:07 pm
@eryba1: id give intc a 6 its at a point of support where you can accumulate some if you dont have a position.. If you have a position id wait to see if 22 hold more aggressivly buying at 21.. Id say lnn is an 8, 2 pts downside to good support 80 is resistance looks like it can take it out sooner or later trend looks good tho.. Gld 7 we bought some lower the trend looks to be up… But as cody said he doesnt like the etfs as a paper promise therefore going with phys gold and gdx
eryba1
August 29, 2013 – 12:08 pm
@jakef1111: well said. I have neither LNN or GLD but chose them as they were down and U were on an intraday roll maybe they could flip to upside if U spoke about them. paper etf sure know codys thoughts well on these, trend is up let it rest a bit.
jahmon
August 29, 2013 – 1:08 pm
Anyone else here have the Sept. WAGE puts? Wondering if you all rolled them out to November or still holding. Was hoping someone would as during Q&A yesterday as I couldn’t make it.
calmdaw1
August 29, 2013 – 2:34 pm
looking to buy a few spy puts
eryba1
August 29, 2013 – 2:35 pm
@calmdaw1: http://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL
calmdaw1
August 29, 2013 – 2:37 pm
just looking at a very short-term trade/hedge
eryba1
August 29, 2013 – 2:37 pm
USO just took a quick drop down- I dont see news on syria or other just yet.
eryba1
August 29, 2013 – 2:38 pm
@calmdaw1: may not be a bad idea, however overall individual stocks looking to have some life after their own corrections AMZn GOOG FSLR CIEN CREE etc etc
calmdaw1
August 29, 2013 – 2:40 pm
@eryba1: agree and have plenty of dry powder at this point to shop the market so to speak.
eryba1
August 29, 2013 – 2:45 pm
metals now falling GLD GDX all in unison with USO- Lets see if any news does come across
MikeM
August 29, 2013 – 3:51 pm
Any thoughts on ZLC (Zales) as a short candidate at this price? Up about 40% over past 2 days after good report. Seems the reported debt ratio might hinder continued upside???
eryba1
August 29, 2013 – 5:54 pm
markets are just hovering at these levels. So far nothing to ignite them from these areas as it awaits- Fed taper, budget stuff. Meanwhile individual names are trying to put in a bottom and moving higher some better than others FSLR, LNKD, FB,AMZN,SNDK,GOOG,CIEN, CREE. C U tom
eryba1
August 30, 2013 – 8:53 am
Intel upgraded at Argus AUG 30, 2013 | 8:35 AM EDT INTC was upgraded from Hold to Buy, Argus said. $28 price target. Technology leadership should make the company more competitive in the smartphone and tablet markets.
codyfriend
August 30, 2013 – 9:41 am
I am a new subscriber. When is Cody’s weekly Q&A ?
calmdaw1
August 30, 2013 – 10:08 am
good morning all
jahmon
August 30, 2013 – 10:22 am
Weekly q&a is Wednesdays from 2-3 eastern
codyfriend
August 30, 2013 – 10:22 am
thnx, Jahmon
sanis
August 30, 2013 – 10:46 am
@codyfriend: They are usually on Wednesdays at 2PM est. You can read the past ones in the archives.
codyfriend
August 30, 2013 – 10:47 am
thanks, sanis
eryba1
August 30, 2013 – 11:08 am
lots of caution in this weak market as we head into a long 3 day weekend. market still oversold a bit, bearishness high, fear hi, Vix rising to 17.35 . however gold is down and oil is UNCH on the USO. Those one would think would be up if it were true fear vs just getting less long and selling into a labor day weekend.
doug.sekula
August 30, 2013 – 11:17 am
@eryba1: Should we trim more VXX? For some reaseon I have that itch to add more to my CIEN position.
eryba1
August 30, 2013 – 11:17 am
@doug.sekula: hold off itching earnings 3 days away unless U R trying to build up that position after U trimmed this week
eryba1
August 30, 2013 – 11:23 am
market are just acting very weak even though contrary indicators LOTS of bearishness and FEAR, but not VERY oversold anymore as of yest closing
eryba1
August 30, 2013 – 11:34 am
We have extreme fear and HEAVY bearishness sentiment as well http://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL However with Gov budget issues, Syria, fed tapering weakness is still the theme
eryba1
August 30, 2013 – 11:36 am
This # on the chart may see 60’s for next week after this weeks declines: http://tickersense.typepad.com/ticker_sense/2013/08/August-26th-blogger-sentiment-poll.html
eryba1
August 30, 2013 – 11:59 am
normally if FEAR causing this decline in markets into long weekend OIL to spike gold as well instead both are falling 1/5 a percent each and yield on 10 year steady at 2.75.
eryba1
August 30, 2013 – 12:32 pm
Extreme fear levels being approached- just another indicator of perhaps being pulled too far on the downside for the markets for now
eryba1
August 30, 2013 – 12:32 pm
http://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL
codyfriend
August 30, 2013 – 12:49 pm
eryba1, will you let us know when to get out of a position ?
eryba1
August 30, 2013 – 1:05 pm
@codyfriend: That is a tough one I say when I trim and when I buy. Since this is not my portfolio on display here and I run a family office I have been firm on what I buy sell and other to a fault as again this is trading with cody vs my name on the site.
eryba1
August 30, 2013 – 1:17 pm
@codyfriend: I think I have been open and thus I do say already when I am in or out of a position.
eryba1
August 30, 2013 – 1:19 pm
@codyfriend: does that answer your question?
eryba1
August 30, 2013 – 1:20 pm
market dropped and now popped on Jogn Jerry speech, volatilty war fed taper budget deadlines all weighing on markets
jjss
August 30, 2013 – 1:22 pm
eryba 1, do you have any official capacity on tradingwithcody or are you just one of the subscribers?
eryba1
August 30, 2013 – 1:29 pm
Chief Guide on the site, writing articles, and monitoring site for users questions, relative, insightful info data etc
ebdavids
August 30, 2013 – 1:33 pm
@eryba1: Two questions re oil. Have you ever heard (I have)/do you believe that gold and oil usually go in opposite directions — if oil spikes, gold drops, etc? And also, I’m not that familiar with USO — is it pretty much a pure play on the price of oil?
eryba1
August 30, 2013 – 1:46 pm
@ebdavids: No in my experience not linked in everyday normal trading. When U have geopolitical situations revolving around oil producing region there is a panic to oil production stoppage or reduction ( however we are getting less and less dependent on middle east for OIL) As for gold it was crushed and now in an uptrend so it can pullback
ebdavids
August 30, 2013 – 1:48 pm
Thanks for that. Would you say USO is a good play if one thinks oil might do an up-panic, or have you seen that and is that already baked into its current price?
eryba1
August 30, 2013 – 1:48 pm
yes USO is pretty much an oil play ETF
eryba1
August 30, 2013 – 1:51 pm
‘@ebdavids: baked in IN MY OPINION unless things escalate but one would think 3 day weekend war rhetoric that woil would spike further we have 2 hrs remaining
ebdavids
August 30, 2013 – 1:52 pm
thanks.
ebdavids
August 30, 2013 – 1:58 pm
@eryba1 One more comment (spurred by your answer to jjss’s question about your role): I think your presence is VERY valuable and your comments/moves seem quite smart and right-on (as right as anyone can be in this game) — but (and i’ve heard this expressed before), we’re all hoping that having you there all day doing your Guide job has not led to Cody being on this chat (as opposed to the Weekly Q&A) a lot less than he should be. I(And i see you qualified your answer on that point to jjss.) This could be a big issue, and i know some people are concerned — TWC promotes Cody’s presence once in a while in selling the service, but he doesn’t seem to be here and/or respond (even when he’s here) much. I hope this has been discussed. . I see Bill is on here — hope he passes this on.
ebdavids
August 30, 2013 – 1:59 pm
this on to Cody. Thanks for listening!
ebdavids
August 30, 2013 – 1:59 pm
@Bill — please read my above comment to Eryba1. Hope the message has gotten through to Cody.
eryba1
August 30, 2013 – 2:07 pm
@ebdavids: ALL VALID POINTS- I have discussed this with him several times. he is very aware and is slowly I think geraing up to be on here more often as people want to converse with Cody more than just once during the weekly chat.
ebdavids
August 30, 2013 – 2:07 pm
Thank you for the answer and the discussions you’ve had. Like i said, you’re doing a great “job.”
codyfriend
August 30, 2013 – 2:08 pm
eryba1: I guess tradingwithCody means he just let us see his trading log and a Q&A session once a week. In between time, he hires you to monitor the chat room. Is it correct ? I just want to know what to expect.
eryba1
August 30, 2013 – 2:08 pm
@codyfriend: something to that affect. I believe is is trying to be on and monitor his site answer questions from his subscribers
codyfriend
August 30, 2013 – 2:09 pm
thanks, eryba1
ebdavids
August 30, 2013 – 2:10 pm
The thing is, sometimes it’s indicated that he’s “on” the site and monitoring, and people occasionally have asked questions and there hasn’t been a response. I guess tht’s the most frustrating thing…
eryba1
August 30, 2013 – 2:11 pm
@ebdavids: I know what U mean exactly- That was the subject of my conversations with him. I can understand he wants to leave MOST questions to the weekly chat vs that being slow because a lot was answered before hand
eryba1
August 30, 2013 – 2:22 pm
@ebdavids: On another front how R U guys feeling? fearful? greedy? sitting this out? nibbling on the buy side?
ebdavids
August 30, 2013 – 2:23 pm
Settling into the long weekend, nibbling, sorry to see gold dropping… but hopeful/ knowing it will come back.
eryba1
August 30, 2013 – 2:24 pm
@ebdavids: Its had a solid RUn 116 bottom to 137 I trimmed so as I mentioned at 137 looking to buy back at 131 ish levels
ebdavids
August 30, 2013 – 2:27 pm
As for gold, unfortunately, i’ve been dealing in GDX calls — and didn’t trim enough. So i’ve had bigger ups and now downs. But like i said, I’m hopeful. (Mine are dated January ’14)
eryba1
August 30, 2013 – 2:29 pm
@ebdavids: GDX way more volatile than GLD I had said maybe 27 is the next area for it to see, but lets watch how next week plays out when all back from vacation school starting etc
ebdavids
August 30, 2013 – 2:29 pm
yup
ebdavids
August 30, 2013 – 2:30 pm
(and a small thing called Syria)
eryba1
August 30, 2013 – 2:31 pm
@ebdavids: Syria, Fed taper, Budget showdown
ebdavids
August 30, 2013 – 2:31 pm
correct!
eryba1
August 30, 2013 – 2:32 pm
@ebdavids: could be lots of that being priced in lets see how things playout next week as market not too oversold at all but fear and bearish levels at or near extremes
msamuels2000
August 30, 2013 – 2:32 pm
@ebdavids: I’ve gone to the window twice this month with nice wins on GDX calls. I’m sitting on some Jan’s that are down too but I feel like gold in the ground is the next best thing to gold in your own vault so if paper gold crashes per cody I want that constant exposure
msamuels2000
August 30, 2013 – 2:42 pm
@eryba1: Some kind of hedge against panic selling on Tuesday is in order going into this weekend..anything look cheap or overlooked?
eryba1
August 30, 2013 – 2:43 pm
@msamuels2000: Cash is one hedge selling some even here is better performing names LNKD, AAPL,FB, Some oil or Gold or VXX perhaps for those looking for such a scenario
ebdavids
August 30, 2013 – 2:43 pm
@msamuels2000: good moves on the calls. Congrats. I share your attitude (though unfortunately I didn’t share all your moves. Still sometimes have difficulty making those “difficult trades.”)
msamuels2000
August 30, 2013 – 2:50 pm
@eryba1: Might nibble at Defense/Aerospace ETF ITA but its already at an all time high. Wierd with those draconian sequester cuts that defense firms seem to be doing ok or maybe somebody know something 6 months ago
eryba1
August 30, 2013 – 2:52 pm
@msamuels2000: someone always knows something others dont ask steve cohen
eryba1
August 30, 2013 – 2:55 pm
@msamuels2000: I would think if people wanted bigger exposure into long weekend we would see Gold and OIL rising so far thats not the case and with G20 meeting next week military action on before or during is by many very unlikely
eryba1
August 30, 2013 – 3:40 pm
Things are winding down for Aug as volume thins and people head out for a long weekend. Enjoy yourselves this labor day weekend. Do something fun
fly fishin
August 30, 2013 – 4:47 pm
@eryba1: you too thanks for all your help and insightful info
eryba1
September 3, 2013 – 8:56 am
GM- So we get Obama asking Congress for permission to strike Syria. Very solid #’s out of Europe and China. HUGE Verizon 130B deal with Vodaphone. MSFT buying NOKIA handset business for 7+ Billion. All these things have sparked a global surge overseas. Nikkei up 5% in past 2 days germany about 2% and today we open higher a s a result. We have 54 % bears which is quite hi and avery fearful market as of fridays close as our markets corrected 5-6% each- http://tickersense.typepad.com/ticker_sense/2013/09/September-3rd-blogger-sentiment-poll.html http://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL
eryba1
September 3, 2013 – 8:58 am
Lets see if we dont give back much of todays pop at the open and where we find support and how we end the day.
eryba1
September 3, 2013 – 11:30 am
cnbc alert reveals why dow is now barely up. Speaker Boehner says will support obama call for military action in syria
eryba1
September 3, 2013 – 11:35 am
So this weekend I go to Home depot to buy a few things and wanted to TEST the CREE light bulbs. I bot 6 of the 60W daylight equivalent (highest wattage they have) bulbs. I was anxious to test them out. After I installed the 6 bulbs I was very disappointed. The light emitting from them was like having normal lights on 1/4 dimmer setting. The room was far to dark. The back packaging reveals the answer it’s brightness is just 800 Lumens I will be returning the six bulbs @ $14 dollars each and instead buying thru amazon prime Sylvania LED lights that are 1750 Lumens. Will test these out when they arrive this week.
eryba1
September 3, 2013 – 11:37 am
This market has no luck- asia and europe enjoy 2-5% rallies during our labor days as our bearhness and fera levels get quite hi and today we open up on the avg up 1% and now may go red shortly on this cnbc alert
eryba1
September 3, 2013 – 11:40 am
adding more GLD common today
jahmon
September 3, 2013 – 12:05 pm
Hi Cody. Alternative to shorting SPY, what might you recommend as a target for purchasing puts?
George Mtz
September 3, 2013 – 12:08 pm
Hi Cody, I’m worried about the impact of Syria on my over all protafolio, what do you recomend to do on stocks like Apple, Cree, Intel, TESLA and others in 3 month period? With regards to Apple big meeting comming next week what move do you recommend if I’m looking at 3 to 4 months ahead?
ebdavids
September 3, 2013 – 12:56 pm
@Cody: Good morning. I’m with you on the earlier call purchases on MSFT. Think I’m OK there, but curious whu the next tranche is January ’14, not April like the early ones. More/less confidence? Price premium? Can you explain?
eryba1
September 3, 2013 – 1:04 pm
as one might have expected in a weak market the pop was sold and we are in the red for the day so far on the dow. MSFT is dragging down the tech avg as its down 6%. Gold is popping higher off the Boehner Syria remark, but gold seems now to be entrenched in an uptrend. Lets watch individual names and see how they perform
jahmon
September 3, 2013 – 1:08 pm
Bummer that Cody only rarely responds to questions here even when he is logged in
ebdavids
September 3, 2013 – 1:10 pm
Agreed. That was brought up last week. And Eryba1 has taken the issue to him — to little/no avail?
Golfcar101
September 3, 2013 – 1:14 pm
agreed on cody responding what`s the purpose of having this chat when the boss man rarely comments
eryba1
September 3, 2013 – 1:38 pm
@Golfcar101: @ebdavids: Like I stated last week I have spoken to cody about this and he knows he is being requested to make himself more available on the site.
eryba1
September 3, 2013 – 1:38 pm
anyone buying selling other any specific names?
Olivepetunia
September 3, 2013 – 1:48 pm
Thinking about LNN but waiting for better price, say <= $75
doug.sekula
September 3, 2013 – 2:03 pm
Bought more VXX.
ebdavids
September 3, 2013 – 2:05 pm
@eryba1: I know that and appreciate it. i didn’t mean to imply that you dropped the ball in any way. Thanks.
ebdavids
September 3, 2013 – 2:12 pm
@eryba1: @Golfcar101: @jahmon: (And, of course, since he’s been on for a while this morning while this subject has been discussed — he’s obviously aware of it as a point of discussion/dissatisfaction.)
eryba1
September 3, 2013 – 2:12 pm
@ebdavids: I understand. I would like him around more often as well vs waiting for the 1 hr weekly chat
eryba1
September 3, 2013 – 2:13 pm
anyone added anything today or trimmed some on the 100pt pop this morning that fizzled and now we are UNCh on the dow?
doug.sekula
September 3, 2013 – 2:14 pm
Sold CREE and dumped it in VXX.
rzepeda
September 3, 2013 – 2:16 pm
Anyone see any good opportunities in emerging market companies that have gotten beaten down?
eryba1
September 3, 2013 – 2:16 pm
@doug.sekula: for now a good move!
eryba1
September 3, 2013 – 2:16 pm
@rzepeda: prefer our companies who do biz in emerging markets
vmontes
September 3, 2013 – 2:44 pm
Anyone think buying some BIDU Nov puts is a good or bad idea?
eryba1
September 3, 2013 – 2:45 pm
@vmontes: bidu not on my screen, so cant give U advise there see it consolidating great 90 to 140 move for a little while now
vmontes
September 3, 2013 – 2:47 pm
@eryba1: Yes it’s been in that zone I was thinking with all the near term headwinds it might drop but then again do US headwinds really affect a Chinese tech stock like Bidu?
Jfmiranda
September 3, 2013 – 2:53 pm
@Cody: whats your view on interest rates for the next 6months-1 year?
nmantle
September 3, 2013 – 2:56 pm
Hello,
nmantle
September 3, 2013 – 2:57 pm
Any thoughts on Ciena before earnings?
Olivepetunia
September 3, 2013 – 2:57 pm
@vmontes: I don’t know what strike you had in mind but they look too expensive and too specific issue oriented. What do you think of SPY puts say 157 or 158 for end Sept or early Oct?
eryba1
September 3, 2013 – 2:58 pm
@Jfmiranda: not to soeka for him, but in many weekly chats and the like the direction for rates is up. Cody has discussed in length that rates will rise as they did in 1998-2000 and so will the stock prices of his hi growth tech stocks
eryba1
September 3, 2013 – 2:58 pm
@nmantle: cien corrected 23 to 19.75 need earnings confirmation to get it back on track. nice volume today in its 3-4% rise
nmantle
September 3, 2013 – 3:01 pm
Thanks eryba1 – Not sure if I should protect my gains in cien or just let it ride..I’ll probably do a bit of both I guess.
eryba1
September 3, 2013 – 3:02 pm
@nmantle: both sounds good consider it the insurance premium u need to pay to cover yourself
vmontes
September 3, 2013 – 3:02 pm
@Olivepetunia: I would get the Oct instead of Sep and do the 158 instead of 157. I was thinking myself to by the 160 SPY puts but I haven’t decided yet. I guess what scares me is that SPY chart.
vmontes
September 3, 2013 – 3:12 pm
@Olivepetunia: are you buying SPY today or waiting?
eryba1
September 3, 2013 – 3:13 pm
@vmontes: IMHO SPY finding support at these levels 1625-1635.
eryba1
September 3, 2013 – 3:13 pm
@vmontes: as a hedge perhaps but if U concentrate on individual stocks you can see your portfolio outperform
eryba1
September 3, 2013 – 3:15 pm
@vmontes: many individual stocks have corrected from GOOG, AMZN,SNDK,CIEN,FSLR,LNKD,INTC,JNPR. I have been advising my clients to buy at the end of last week
eryba1
September 3, 2013 – 3:16 pm
market also more conmfortable with rise in 10 year yield up 3-4% today to 2.85% = growth is expected in US economy and if chin now picking up as well as europe we could have a nice next leg up here
vmontes
September 3, 2013 – 3:17 pm
@eryba1: The SPY chart is telling me it’s about to bounce back up
Olivepetunia
September 3, 2013 – 3:18 pm
@vmontes: Don’t want to rush. Looking for a good entry. Has to be into strength or I will end up overpaying…again. Why is there an extra expiration at the end of the month? 9/6, 9/13, 9/21, 9/27, 9/30, 10/04?
eryba1
September 3, 2013 – 3:18 pm
Google TV network deal with the NFL? interesting read- NEW CABLE networks will be GOOG, AAPL,NFLX etc- http://abcnews.go.com/Sports/wireStory/google-nfl-meet-sunday-ticket-grabs-20025966
eryba1
September 3, 2013 – 3:19 pm
add AMZN to that network list as well
doug.sekula
September 3, 2013 – 3:25 pm
Just bought more VXX.
eryba1
September 3, 2013 – 3:28 pm
apple media event next tues invites went out today: http://abclocal.go.com/wabc/story?section=news/technology&id=9234664
eryba1
September 3, 2013 – 3:39 pm
@doug.sekula: I would rather buy gold as a hedge and I like it at the same time plus its new chart setup / trend. I think we could rally and individual names r doing just that and may have found their footing for the more correction centric stocks like gogo amzn cien sndk fslr. Lets see how the next week plays out
doug.sekula
September 3, 2013 – 3:44 pm
Or how CIEN reports??? Thats my next power play as it is a major portion of my portfolio.
doug.sekula
September 3, 2013 – 3:45 pm
Have gains in ti already.
eryba1
September 3, 2013 – 3:46 pm
@doug.sekula: comfortable with the setup?
doug.sekula
September 3, 2013 – 3:48 pm
HAHAHA I sure hope so. It is what it is huh? How do you think CIEN will do? How bad will it be if its not good? We were buying around the same times.
eryba1
September 3, 2013 – 3:49 pm
@doug.sekula: no we can make it what we want of it, hold all trim some lock in some profits and then either buy a dip or add if it goes higher if you want. If U have to pay up consider it the insurance premium if declines u took profits at a higher price
vmontes
September 3, 2013 – 5:22 pm
@Olivepetunia: not sure
eryba1
September 4, 2013 – 7:17 am
GREAT CIEN report this morning Stock up 8% in pre market beat EPS and bottom line- this from the CEO- “Differentiated by our specialist strategy, we have increased our market share, achieved steady growth, and delivered improved and more consistent financial performance over the last several quarters,” said Gary Smith, president and CEO. “We believe that by expanding our role in the industry and extending our reach within our markets, we will be positioned to deliver greater profitability that is more sustainable over time.”
eryba1
September 4, 2013 – 7:18 am
For the fiscal third quarter 2013, Ciena reported revenue of $538.4 million vs expectations of 532M and EPS of .23 cents a share vs .15 thats a pretty big beat on eps.
eryba1
September 4, 2013 – 7:28 am
Cantor starts Apple with Buy, says shares in midst of recovery Cantor Fitzgerald initiated shares of Apple this morning with a Buy rating and $777 price target, saying the stock is in the midst of a recovery. Cantor believes Apple is on the verge of an extended product cycle over the next 12-18 months and finds the valuation very attractive at current levels. Shares of Apple closed yesterday at $488.58.
eryba1
September 4, 2013 – 7:40 am
Cien guides higher- Fourth quarter guidance was for Revenue of $550-$580 million vs. $551.4 million consensus estimate. Gross Margins to be in the low 40% range (vs. 42.8% consensus estimate). Operating expenses are expected to be in the high $190 million range (in-line with consensus). Conference call is set for 8:30 am.
eryba1
September 4, 2013 – 7:50 am
Once again if we concentrate on individual stocks we are seeing codys picks outperform the markets here in this 5-6% correction so far. With AAPL up 2% this morning in pre market cien near 11% rise these stocks are helping to increase our portfolios while the markets hover at these pullback levels. If we see them finally start to rise again we could see continued further gains outpacing the market. Lets see how the day unfolds and if our premarket gains are sustained.
eryba1
September 4, 2013 – 8:18 am
sndk up near 4% in pre market anyone see any news?
eryba1
September 4, 2013 – 8:19 am
@doug.sekula: the premarket has rewarded you in your recent buys! And anyone having held or added cien in its correction from 23 to 19 handle
doug.sekula
September 4, 2013 – 8:41 am
@eryba1: sure did! I borrowed a lot of gains from my FB position (sold FB at these levels already) making CIEN my largest position going into earnings this morning. When, if I even should, sell some CIEN to build my position in FB back up ? That is the question thats haunting me now. Do you see FB going past 42 without a catalyst?
eryba1
September 4, 2013 – 8:42 am
SO MSFT xbox division CEO leaves to be CEO of ZNGA to create gaming apps for mobile devices and tablet market for the most part, Now MSFT buy NOK a cell phone hardware manufacturer. All very interesting as the circle is now complete. So lets see what happens to ZNGA’s stock in the coming weeks and months. It has to create to make this possibly work.
eryba1
September 4, 2013 – 8:44 am
@doug.sekula: DOUG that was VERY RISKY!!! Time perhaps to balance things out for now. Seeing FB past 42 my targets dont matter I do seeing its at I had said weeks ago 48 or 58 if we see another leg higher in the market after this correction. FB is acting VERY WELL independent of the market which is still correcting / basing here for now at S&P 1630
Olivepetunia
September 4, 2013 – 8:52 am
@doug.sekula: @eryba1: In previous quarters FB rallied into earnings reports. Seems very possible to me that persistent buying resulting from analyst estimate revisions could cause FB to rally and break out in anticipation of next earnings report, possibly without specific news. What do you think?
eryba1
September 4, 2013 – 9:27 am
@Olivepetunia: sounds possible, its got support, its been a go to stock and has seen analyst revisions higher because online data usage and ad efficiency has been on the rise for FB
Olivepetunia
September 4, 2013 – 9:56 am
JNPR in gear —- presumably following CIEN
msamuels2000
September 4, 2013 – 9:58 am
@doug.sekula: buying when there is blood in the streets from the Cisco fallout worked like a charm. We’re so smart 8^)
msamuels2000
September 4, 2013 – 10:00 am
@Olivepetunia: my hunch is that FB could be a hedge on possible global strife and war since the masses go to social media to get info increasing the traffic
eryba1
September 4, 2013 – 10:02 am
@Olivepetunia: sure is
doug.sekula
September 4, 2013 – 10:37 am
@msamuels2000: Hahaha. I was buying in the 16’s. Again thanks Cody/Eryba!
eryba1
September 4, 2013 – 10:37 am
@msamuels2000: hedge on war? I dont think sharknado helped twitter as it set it ablaze from star commenting on its airing
eryba1
September 4, 2013 – 10:38 am
@doug.sekula: its ramping now and many portfolios here should be outperforming recently and now especially
doug.sekula
September 4, 2013 – 10:41 am
@eryba1: How high do you think CIEN can go?
jahmon
September 4, 2013 – 10:43 am
My CIEN calls that I bought last week are up 65%…not too shabby at all. Major short squeeze underway I believe.
MikeM
September 4, 2013 – 10:46 am
@doug.sekula: U nailed the CIEN call for sure
eryba1
September 4, 2013 – 10:48 am
@doug.sekula: 33 perhaps. lets see if analyst targets tom
eryba1
September 4, 2013 – 10:57 am
@doug.sekula: however my targets are just my thoughts let the earnings and guidance speak for themselves
eryba1
September 4, 2013 – 11:00 am
INTC turning higher. double bottom in place? lets watch it going forward
lawrenc338
September 4, 2013 – 11:20 am
Would anybody take a position in CREE right now, or wait for a pullback.
eryba1
September 4, 2013 – 11:22 am
@lawrenc338: Personally I wrote about my experience with the product and I did not like it, Id rather buy what I like use etc. Not that it means after the bg decline its not a good buy for cody and others here or ot wont come out with a better product later on. My sylnavia 1750 Lumens product arrived today yet to try it out
lawrenc338
September 4, 2013 – 11:23 am
@eryba1: Thank you. Any thoughts on FSLR?
vmontes
September 4, 2013 – 11:24 am
@lawrenc338: I’ve had my eye on CREE since they dropped, I think they will bounce back up next earnings report and perhaps start build momentum before the report. What’s keeping me from buying now is that I do not see a near term catalyst for them. I do plan on jumping in though
lawrenc338
September 4, 2013 – 11:25 am
@vmontes: Thank you. Appreciate it.
vmontes
September 4, 2013 – 11:25 am
@eryba: Why don’t you buy a CREE 1750 lumens and compare it to the Sylnavia 1750 lumens that way you will be comparing apples to apples. Is it because of the price difference?
eryba1
September 4, 2013 – 11:26 am
@vmontes: Home depot didnt have any
eryba1
September 4, 2013 – 11:26 am
and on cree website didnt see any for residential use
vmontes
September 4, 2013 – 11:27 am
oh ok
eryba1
September 4, 2013 – 11:27 am
http://www.creebulb.com/shop?lang=us-en
codyfriend
September 4, 2013 – 11:30 am
EMC is in the same business with SNDK and very undervalued. Does anyone know why it’s so underpriced ? Would it be a good buy instead of SNDK ?
eryba1
September 4, 2013 – 11:33 am
@vmontes: just installed the 2 sample sylvania bulbs 1650 lumens that is the necessary brightness but Cree was $14 a bulb for 60W these 100W at 1650 is whats needed an exact 100 w compact flourescent replacement but at $54 a bulb very costly for an avg house needing easily 30-50 a house if 3 flr home
eryba1
September 4, 2013 – 11:34 am
@codyfriend: emc servers storage vs sandisk flash memory
codyfriend
September 4, 2013 – 11:35 am
I see. Thanks, eryba1.
eryba1
September 4, 2013 – 11:40 am
@lawrenc338: I like it but seems barrons going to take shot at solar city this weekend otherwise not seeing any news why should be down 2% on a good day for markets in general
vmontes
September 4, 2013 – 11:43 am
@eryba1: Yes that is very costly
eryba1
September 4, 2013 – 11:48 am
@vmontes: question is how long does it last and how much $$ does it save. Its uses 20% of the power vs a regular bulb. The question is how much does it save over a Compact flourescent 100W equivalent bulb which costs 6 dollars for a 100W bulb
vmontes
September 4, 2013 – 11:48 am
True
eryba1
September 4, 2013 – 11:56 am
@vmontes: I need to ask a specialist I know who could tell me. as to pay $54 for a bulb vs $6 = 900% times the price for 1 bulb must seriously need to last a decade otherwise changing a 100W CFL bulb 2-3 times a year could last U 4-5 years worth of payments just for the bulb wattage usage and energy cost to power the 2 are I would think VERY hard to quantify on a house by house basis. The upfront cost 50 bulbs a house X $6 a 100W CFL bulb = $300 dollars vs 50 bulbs at $54 a bulb = $2700 = 9X the cost
MikeM
September 4, 2013 – 11:58 am
I posed the question a few days ago to this post if anybody had an opinion on Zales (ZLC) as a potential short. ZLC continues to climb but perhaps this trend will continue?? I would appreciate any insight/opinion on this.
eryba1
September 4, 2013 – 11:59 am
But enough on Bulbs- how about these stocks!!!! has the correction run its course? stocks found their footing after their pulbacks? AMZN, GOOG,CIEN,FSLR,SNDK,INTC,JNPR? SOme are clearly a YES others will need more time. how are your portfolios performing?
eryba1
September 4, 2013 – 12:18 pm
@MikeM: BIG holiday season coming for them, if markets economy picking up so will weddings engagements etc one would think.
codyfriend
September 4, 2013 – 12:21 pm
Should we maintain the hedge that Cody recommended yesterday as market is going back up now ?
eryba1
September 4, 2013 – 12:47 pm
@codyfriend: U R asking me if u should hedge your portfolio?
codyfriend
September 4, 2013 – 12:50 pm
I already hedged my portfolio as Cody suggested yesterday. However it looks like market is turning around and might stay up for a while. So should I still maintain this hedge ?
eryba1
September 4, 2013 – 12:51 pm
@codyfriend: no one can answer that for u. That is something you need to decide based on a multitide of factors. experience, portfolio make up, value, cash, positions, risk appetite etc etc
codyfriend
September 4, 2013 – 12:52 pm
I know but I’d like to have your opinion whether the trend has now changed & is going up ?
eryba1
September 4, 2013 – 12:56 pm
@codyfriend: 1 day does not make a trend. none of issues bothering markets has been resolved. syria, fed decision, higher rates (market getting more comfy with it seems) federal spending budget. However we need more time maybe these things better priced in as europe getting better data from them and china and individual stocks here doing their own thing such as cien now, Fb aapl etc etc
codyfriend
September 4, 2013 – 12:57 pm
thnx, eryba1.
eryba1
September 4, 2013 – 12:58 pm
@codyfriend: NP ask away- we are here to teach and learn from eachother as best as possible
eryba1
September 4, 2013 – 12:59 pm
@codyfriend: hope u and others have bought or owned codys picks during their pullback Fb aapl CIEN SNDK GOOG AMZNJNPR intc etc etc
codyfriend
September 4, 2013 – 1:02 pm
I did buy FB AAPL CIEN SNDK GOOG. Sold out too soon but made profit on CIEN & GOOG. My cost for FB, AAPL a little high. I’s mistaken SNDK & EMC in the same storage business so I sold SNDK & bought EMC only to get mad at myself when it moved up big today.
eryba1
September 4, 2013 – 1:04 pm
@codyfriend: Ok mistakes are part of the game , if U dont make mistakes hopefully not too costly $$ wise U learn for the next time and this is how we ALL gain experience. its a MUST. this is how develop ones own style, comfort level etc
codyfriend
September 4, 2013 – 1:08 pm
I like Cody’s analysis of various issues. He combines many aspect not just technical analysis. Market is complicated & single approach doesn’t seem to work.
eryba1
September 4, 2013 – 1:10 pm
@codyfriend: yes take it all in to understand the other side as well
eryba1
September 4, 2013 – 1:16 pm
cien 13% + higher today on great volume so far
eryba1
September 4, 2013 – 1:19 pm
This from Cramer on why SNDK was up near 5% today now 2.66% – a big factory fire owned by Hynix, a big competitor, and all of the people who thought it was rolling over, especially the shorts, get a huge jolt and it goes higher. This story feels a lot like the Thai flooding that took out capacity for the disk drives. I think that Sandisk (SNDK) and Micron can go higher.
eryba1
September 4, 2013 – 1:24 pm
@codyfriend: never buy or sell all at once under normal everyday occurrence unless special circumstance arise
eryba1
September 4, 2013 – 1:31 pm
@codyfriend: There are quite a few TA – technical analysts out there seeing clear resistance for the market at these levels S&P 1554-1561 looking for a retreat from here or clear break through to upside to confirm direction of next leg of the market. Thats one thought. The other is the performance chart data from individual stocks.
codyfriend
September 4, 2013 – 1:33 pm
thnx, eryba1 for your guidance.
eryba1
September 4, 2013 – 1:35 pm
@codyfriend: TWC is trying to become the next SOCIAL INVESTMENT site. real time exchange of ideas, understanding, stocks, charts etc
Cody
September 4, 2013 – 2:06 pm
Let’s chat. Right now. Live. http://tradingwithcody.com/chat
eryba1
September 4, 2013 – 3:09 pm
I wonder FORD ramped production #’s guidance and gave a solid report today o its earnings, this may bode well for Fridays gov Jobs #. COuld this get S&p back above its 50 day avg and confirm correction over bad news priced in?
eryba1
September 4, 2013 – 3:15 pm
Ford truck sales up over 18%- U dont need a gas guzzling truck unless its warranted by work doing well one would think- http://www.forbes.com/sites/steveschaefer/2013/09/04/americans-still-spending-on-cars-august-sales-up-at-ford-gm-and-chrysler/?partner=yahootix
eryba1
September 4, 2013 – 4:38 pm
It was a VERY productive day with a GREAT CHAT with cody and a GREAT performance by some of our holdings. The Jobs # awaits us friday morning at 8:30. Can the S&P regain 50 day moving avg? if it does it may bode very well. Have a good night.
