Subscriber Chat Room Archive (February 13th – February 19th)
Here is the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
Johan
February 13, 2014 – 8:25 am
I’m happy I stayed with my NVDA positions since Cody´s recommended. I did not sell when Cody closed his positions and I really believe Nvidia is good for long. They are in the begining of nice future grow
eryba1
February 13, 2014 – 8:28 am
@Johan: just for u!!: ) NVIDIA estimates, price target bumped at Jefferies FEB 13, 2014 | 8:16 AM EST NVDA raised its numbers, Jefferies said. Desktop and embedded drive upside. $$18 price target and Hold rating. NVDABullish Nvidia estimates, target upped at BMO FEB 13, 2014 | 8:17 AM EST NVDA estimates were boosted through 2016, BMO Capital said. Company is seeing higher PC-related demand. Market Perform rating and new $15 price target.
Johan
February 13, 2014 – 8:49 am
@eryba1: Good news! Nvidia is involved in something very interesting which is its product called GRID. GRID is Nvidia’s technology of GPU for cloud computing, they are partnering with IBM in this and Amazon is already offering cloud services leveraged on GRID. New Tegra chips K1 and 4i are very impressive and in the PC game market and HPC its leadership is consolidated.
Cody
February 13, 2014 – 8:50 am
@Johan: Rokon.
eryba1
February 13, 2014 – 8:52 am
@Johan: good luck with NVDA. I am looking to see if we get one last push higher in the averages after this consolidation. I DO not want to give back too much of my gains from the S&P bottom 1740, fear gauge buys when it was 12-15.
eryba1
February 13, 2014 – 8:55 am
http://www.usatoday.com/story/tech/2014/02/12/google-10-gigabit-internet-speeds/5421709/
carl
February 13, 2014 – 9:06 am
@eryba1 It is hard to distinguish the smoke and mirrors at Goog from their real tech pushes. This one makes some sense as opposed to the driverless car or the glass.
Johan
February 13, 2014 – 9:12 am
@eryba1: I agree. I am working with around 50% in cash since mid January. I do not want to be 100% invested in the market nowdays… Best
eryba1
February 13, 2014 – 9:14 am
@Johan: The S&P correction at 1740 was aVERY good buying opp even if it turns out to be short term. Looking to see if this pause is just that before rising into next week or sideways and possible RETEST in a few weeks.
rkumar
February 13, 2014 – 9:45 am
is it the end oc the csco kid??
rkumar
February 13, 2014 – 9:45 am
jdsu alu jnpr cien–not selling off
eryba1
February 13, 2014 – 9:46 am
@rkumar: this is his 4th act should have been put to his golden parachute years ago. jdsu and cien taking share
rkumar
February 13, 2014 – 9:46 am
chambers needs to step down
rkumar
February 13, 2014 – 9:48 am
soxx has had a great bid last few days
eryba1
February 13, 2014 – 9:48 am
@rkumar: V shaped move since S&P 1730 for the markets aside from the DOW every index back ABOVE its 50 day moving avg
dannychan1
February 13, 2014 – 9:49 am
Invn, jdsu all down today – getting ready for the next tranche?
rkumar
February 13, 2014 – 9:49 am
energy sector weak–xle xom cvx down big this yr
rkumar
February 13, 2014 – 9:49 am
qqq outperforming dow big time
eryba1
February 13, 2014 – 9:50 am
looking to se gold get over 1300 barrier next always a new barrier in the chart as round #’s always are.
Johan
February 13, 2014 – 9:50 am
Chambers looks like he is totally lost… Cisco has the money to buy a lot of small companies which have the new technologies that Cisco does not…
eryba1
February 13, 2014 – 9:50 am
@rkumar: OIL yes a big loser- more people interested in THE FUTURE SOLAR, ELECTRIC, SOCIAL, CLOUD etc not dirty oil as cleaner NAT GAS is making headways
rkumar
February 13, 2014 – 9:51 am
can this new aapl tv move numbers??
Jeffhok1970
February 13, 2014 – 9:51 am
INVN here at the mid $20s?
eryba1
February 13, 2014 – 9:51 am
@rkumar: IMO- NO not rt now, new new products, Iwatch, large screen Iphoine and pay transactions should be BIG
eryba1
February 13, 2014 – 9:52 am
@Jeffhok1970: yes my next tranche looking to buy closer to 20
eryba1
February 13, 2014 – 9:53 am
GDX resuming uptrend 2% higher today after 3% decline yesterday
dannychan1
February 13, 2014 – 9:53 am
@eryba1: what was ur entry level for invn?
eryba1
February 13, 2014 – 9:53 am
Looking for transports index to get above 50 day avg
eryba1
February 13, 2014 – 9:53 am
@dannychan1: 21
Johan
February 13, 2014 – 9:55 am
I just made my first tranche on INVN…
dannychan1
February 13, 2014 – 9:55 am
@Johan: volatility on invn is huge, good luck!
eryba1
February 13, 2014 – 9:56 am
baltic dry index seems to have found terra ferma here at 1080-1090 today up 12 to 1097
eryba1
February 13, 2014 – 10:02 am
fear gauge dropping to 24 from yesterday close at 30
dannychan1
February 13, 2014 – 10:10 am
@eryba1: time to tranche in on invn? It’s almost hitting 20
eryba1
February 13, 2014 – 10:11 am
@dannychan1: shortly some patience Want to see it base out 1st on charts support 19.5-20. I am building this one, cant force it bot at 21,
Johan
February 13, 2014 – 10:13 am
INVN -5% today, yestarday -2% for me ok for the 1st tranche
eryba1
February 13, 2014 – 10:13 am
what I do wnat to do is start locking in more gains here in FB above 65 goog 1190 aapl 538+ to have more dry powder on hand and to be able to add to other positions w/o capital levels dropping too low
dannychan1
February 13, 2014 – 10:13 am
@eryba1: thanks, pls keep us updated on invn… I’m thinking of tranching in as well… But not too sure of the timing.. It seems to have been dropping since Cody’s call
eryba1
February 13, 2014 – 10:14 am
@dannychan1: codys call came after 15% rise in stock so some giveback is occurring.
Johan
February 13, 2014 – 10:18 am
Nice move on FB over 65
eryba1
February 13, 2014 – 10:19 am
@Johan: VERY!!! Wondering do we see 73 before a pullback or does this level cap things for a bit.
eryba1
February 13, 2014 – 10:21 am
wondering does QQQ see 64 before capping upside? watching it closely as fear gauge is ine good barometer but just 1 indicator, maclellan oscillator says we are in an uptrend, but we all know things cna change fast and to strike when there is upside vs selling when things are already in the red.
eryba1
February 13, 2014 – 10:22 am
SNDK working VERY WELL
Johan
February 13, 2014 – 10:22 am
73 will be great. I am with 105 jan 2015 call options since 6 months ago.
eryba1
February 13, 2014 – 10:31 am
@Johan: 2015 is a ways out and triple digit as well
eryba1
February 13, 2014 – 10:31 am
@dannychan1: Just added 2nd tranche in INVN and JDSU
dannychan1
February 13, 2014 – 10:42 am
@eryba1: thanks for the heads up… What triggered you yo add.. Just like to understand your thought process
dannychan1
February 13, 2014 – 10:44 am
@eryba1: also did u initially add 1/3 of invn and just added another 1/3.. Or did u tranche in based on ur own formula?
eryba1
February 13, 2014 – 10:44 am
@dannychan1: INVN has found some support at 20.5 jdsu after csco being FE upon biz going to CIEN JNPR JDSU IMO
eryba1
February 13, 2014 – 10:45 am
thats CSCO being FED UPON
eryba1
February 13, 2014 – 10:47 am
3d stocks acting well today
eryba1
February 13, 2014 – 10:49 am
I will add some SSYS for a trade here at 117
eryba1
February 13, 2014 – 10:54 am
@dannychan1: Also when My accounts get to new all time hi’s I like to trim back some and have extra capital as well as protect the portfolio, something I have done in the past few years as I have been fortunate enough to be in that position.
eryba1
February 13, 2014 – 11:01 am
would like to see CIEN break above its ceiling roughly 23.5 it hit and fallen back to 21.5 a few times now
eryba1
February 13, 2014 – 11:32 am
Ok trimming some Fb and goog here, just being protective as we are seeing a very nice move in our names
Turtle108
February 13, 2014 – 11:40 am
@eryba1: hey there – yesterday was thinking, oh no! we should have “sold the rip”- today, happy again. I think with gold stks it pays to just hang on, with a stop in mind of course. maybe we’ll break thru 1300.
Benb
February 13, 2014 – 11:42 am
nflx,goog,cmg and fb all of which I own are hitting new highs today. I dont see how a pullback is coming. Cramer got it right when he said to buy into that last dip.
Benb
February 13, 2014 – 11:43 am
Maybe we get another pullback but thats just another buying opportunity.
jakef1111
February 13, 2014 – 11:44 am
@Benb: when you can type i dont see how a pullback is coming… Its getn close to take profits
Turtle108
February 13, 2014 – 11:45 am
@eryba1: I’m really liking MUX here- if you have the time, let me know what you think it looks like on a chart- was looking at one yesterday saying it has a “bullish megaphone”, ready for take off. I like it for other reasons- i.e. their deposits, and the CEO. have met with him several times, and he is committed to having this co. included in the S&P 500 by 2015. he’s a rock star of the mining world, founder of Goldcorp.
eryba1
February 13, 2014 – 11:45 am
@Turtle108: 2 diff styles sell rips buy dips NUGT down 10% yest GDX dwn 3+% I did say sell some and yest buyback day or just HOLD as today back up near 3% on the gdx and gold itself nearing 1300 an ounce.
Turtle108
February 13, 2014 – 11:46 am
@eryba1: good for you- if you can trade the metal stks successfully, that is good. they are so volatile!
jakef1111
February 13, 2014 – 11:47 am
@Benb: on the same note most ppl were expecting bigger pullback so they may start chasing
eryba1
February 13, 2014 – 11:47 am
@Turtle108: I did not trade it, I held on I was saying on that 2nd NUGT 10% rise it was time to sell some.
eryba1
February 13, 2014 – 11:48 am
@jakef1111: bigger pullback perhaps in the averages 6% roughly for all but individual stocks fell 10-30%.
Turtle108
February 13, 2014 – 11:51 am
@eryba1: ok. thanks for the clarity. $1299. so close- $1300 MIGHT set off some sparks, we’ll see- at some point tho, people will start noticing. Between my metals and Cody’s techs, having a really good day.
eryba1
February 13, 2014 – 11:52 am
@Benb: Sadly ben the pullbacks JUST happen, fear is much stronger an emotion that greed and with liquid stocks, a 3 day weekend approaching with presidents day next monday Feb 17th. We are getting GREAT follow through after the pause yesterday in individual names, I for one am not ignoring that fact and am trimming some while I have added SSYS today and more INVN and JDSU today
eryba1
February 13, 2014 – 11:57 am
@Turtle108: gold just hit 1300 got a bloomberg alert first time since Nov 8
Turtle108
February 13, 2014 – 11:58 am
@eryba1: PARTY!
let’s see if it sticks, and where it closes-
eryba1
February 13, 2014 – 12:00 pm
@Turtle108: no party!! FAR from it that would at much higher levels
Turtle108
February 13, 2014 – 12:02 pm
@eryba1: how about just a little celebration-
come on, I have been in gold since it was at $279-
eryba1
February 13, 2014 – 12:09 pm
@Turtle108: hope U were selling at 1750 and higher. I have gold coins and the like from 200 or so an ounce, My father LOVED to collect them
eryba1
February 13, 2014 – 12:15 pm
@Turtle108: I was selling the gold coins in stages , 1000, 1500 etc and now have the 3rd tranche left to hold onto.
Turtle108
February 13, 2014 – 12:15 pm
@eryba1: my dad too- ALWAYS had 5% in gold as his hedge. My grandfather’s favorite stock was Echo Bay Mine- when it hit .50 in 1999 (?) I started buying. That was my entrée into gold stks. I did sell stks near the top, but not physical. just holding on for the very long haul. and i will admit, i know it’s going to sound , uh, not so correct- but i bought gold/silver stks at the real bottom- and have held some ever since- Richard Russell said, “fabulous wealth will be made by those who can just hold on thru a bull mkt. It will be the hardest thing you’ve ever done”. He posted a list of CHEAP golds, that he saw as perpetual calls on gold, just like Cody with ZNGA. l
eryba1
February 13, 2014 – 12:16 pm
@Turtle108: find do a little TURTLE and HARE 2 step for a moment and the get back in your seat. All joking aside if we are in an uptrend and as rates and inflation comes back we could see avery nice run in the shinny metal.
TL15
February 13, 2014 – 12:16 pm
@eryba1, do you think GDX has room yet to run, or do you believe that being 25% up on the year might be as big a gain that it gets for a while?
eryba1
February 13, 2014 – 12:17 pm
@TL15: if this is indeed a new uptrend GDX and gold has much father to run, just as a rule dont be too invested % wise in any one stock.
Turtle108
February 13, 2014 – 12:18 pm
@eryba1: LOL!!!!!!!!
eryba1
February 13, 2014 – 12:18 pm
@TL15: gdx was at 22 to start 2014 so its up 15% not 25%
TL15
February 13, 2014 – 12:19 pm
yes, true
eryba1
February 13, 2014 – 12:35 pm
yesterday with amazon lnkd and gdx portfolios took a hit, today we are seeing a GREAT performance lef my aapl, amzn sndk cien and FB. If you are nearing yr his’s as the markets are still down YTD it is a good time to take some profits to have capital to buy other stocks that havent risen just yet ior you are trying to build up or start a new position in
jakef1111
February 13, 2014 – 12:41 pm
What do you guys think of the threat of expiring patents for 3d companies and the threat of HPQ joining in the 3d space
eryba1
February 13, 2014 – 12:48 pm
@jakef1111: threats abound in any sector. article link?
eryba1
February 13, 2014 – 1:07 pm
QQQ up now nearly 8% from the bottom in almost a straight line. To have bought as we were discussing to do so then fear gauge at 12 oscillator at -200 ish was the Right time to buy as it felt like the exact opposite and WRONG TIME, now looks like the WRONG tie to SELL, but I feel as I did then its the right time to start taking profits. FB was at 52 now 67 one week later nearly 30% higher. GOOG was 1080 now 1195 to name afew
jahmon
February 13, 2014 – 1:07 pm
Any options on whether CSCO gets downgrades that will push the stock price lower before Feb 22 options expiry?
eryba1
February 13, 2014 – 1:08 pm
@jahmon: why waste time with a csco when JDSU CIEN eating their lunch and are performing better.
jakef1111
February 13, 2014 – 1:11 pm
@eryba1: one of them http://247wallst.com/technology-3/2014/02/08/after-the-drops-which-3d-printing-stock-is-best-now/
jakef1111
February 13, 2014 – 1:12 pm
I bought some RTRx at 15 this am for trade biotech is going nuts…..
jahmon
February 13, 2014 – 1:18 pm
@Elad I have a few puts I bought as a CSCO earning play that are surprisingly losing money…trying to decide whether to sell for loss or hold should downgrades be imminent…make sense?
eryba1
February 13, 2014 – 1:19 pm
@jakef1111: doesnt say what patents, who they belong to or other
eryba1
February 13, 2014 – 1:19 pm
@jahmon: sure makes sense now,
jakef1111
February 13, 2014 – 1:22 pm
Does anyone have any good biotech plays? I was looking at sgen and celg
eryba1
February 13, 2014 – 1:23 pm
regn celg biib and gild
jakef1111
February 13, 2014 – 1:26 pm
@eryba1: very end talks about ssys
jakef1111
February 13, 2014 – 1:26 pm
@eryba1: do you own any of those? Biotechs
eryba1
February 13, 2014 – 1:27 pm
@jakef1111: I own noe of the biotechs now have had REGN on and off in 2013
eryba1
February 13, 2014 – 1:28 pm
i dont own any now, these 4 biotech leaders are on my screen, GILD looks most interesting now
Turtle108
February 13, 2014 – 1:31 pm
@eryba1: i’m a GILD holder- (only one letter off from my favorite)- potential here is huge-
Turtle108
February 13, 2014 – 1:33 pm
@eryba1: did you get a chance to look at MUX?
eryba1
February 13, 2014 – 1:33 pm
@Turtle108: I see chart 3 years range hit top and btm 3 to 1.8
eryba1
February 13, 2014 – 1:34 pm
1 yr not 3 excuse me
eryba1
February 13, 2014 – 1:35 pm
@Turtle108: I hope U R totally into gold % wise for your investable capital, especially in light of having been holding the whole down almost 30% in 2013
eryba1
February 13, 2014 – 1:38 pm
anyone here adding today? trimming? hedging? other?
Turtle108
February 13, 2014 – 1:42 pm
@eryba1: i did not hold the whole down in 2013- only the few stks i have had since 2001- just trying to see, does buy and hold actually work thru a bull mkt- was dumb in retrospect, but very small portion of pf – and i love to look and see huge gains- i.e. i bought SLW at $2.79- a lot of it. sold most in the $30’s, but held some. back to a full position, built it over this past summer.
eryba1
February 13, 2014 – 1:50 pm
@Turtle108: slw 3 in 2005 then 20 in 2008 GREAT run then bk to 32.81 in late 2008 then 45 in 2001 and back to 18 in 2013- VERY VERY WILD RIDES if U held on what U bot in 2005 U R still ahead multiple folds and are on some perscriptions perhaps as well
jahmon
February 13, 2014 – 1:51 pm
Anyone consider buying puts on ANGI? Top story on SA now…
lfnunnally
February 13, 2014 – 2:05 pm
@erbya1: I bought some AMZN early in the day and then 2nd tranche of JDSU and INVN. AAPL is on a tear!
eryba1
February 13, 2014 – 2:07 pm
@lfnunnally: apple almost bk to its 550 level pre earnings. INVN and JDSU looking good today if one bot this morning when INVN was down 5% and jdsu was down 1/2 a %. As always lets see the close
jahmon
February 13, 2014 – 2:08 pm
Anyone still holding onto Cody’s GSVC puts?
eryba1
February 13, 2014 – 2:09 pm
gdx regaining ground it lost yesterday
Olivepetunia
February 13, 2014 – 2:10 pm
@eryba1: Bot INVN, hedge/trim (sold covered call) FB and NUGT
eryba1
February 13, 2014 – 2:10 pm
@Olivepetunia: sounds VERY good
eryba1
February 13, 2014 – 2:12 pm
we were all looking for a SNAP back rubber band affect after fear gauge 12 reading stocks down 10% Plus in afew days S&P 1848 started the year went to 1730 and now in 6 trading days time we are back to S&p 1830 and individual names at NEW his
eryba1
February 13, 2014 – 2:12 pm
hi’s
Olivepetunia
February 13, 2014 – 2:17 pm
@eryba1: Thanks for validating; also Bot physical gold
eryba1
February 13, 2014 – 2:18 pm
@Olivepetunia: all good ideas and actions, we are being rewarded for buying dips and selling rips= signs of a bull market.
nimsri
February 13, 2014 – 2:19 pm
Any thoughts on GMCR?
eryba1
February 13, 2014 – 2:20 pm
after coke buy in, not much left for now
nimsri
February 13, 2014 – 2:24 pm
@eryba1 – Thanks
Turtle108
February 13, 2014 – 2:24 pm
@eryba1: you’re cracking me up! i must be a bit, uh, nutz! but here i am , and actually believe we have not yet seen the highs in SLW.
eryba1
February 13, 2014 – 2:25 pm
@Turtle108: sure if gold has the rise cody thinks, cramer thinks it can see #’s much better than its old hi’s if no issues with mine reserves, management etc
eryba1
February 13, 2014 – 2:26 pm
@Turtle108: W btm in SLW at 20.
Turtle108
February 13, 2014 – 2:28 pm
@eryba1: that’s the beauty of SLW- the risk is spread out, like GDX. it’s is “the worlds largest metal streaming co”- they sit in their office and negotiate deals- (well, someone goes to the mines obviously)- but really, how many $8B cos. do you know of with 26 employees- they have bought millions of ounces of silver from multiple cos for avg $4 ounce- every penny silver goes up is huge to their revenues
eryba1
February 13, 2014 – 2:30 pm
@Turtle108: yes just saw profile 26 people. Who are their accountants?
drefleury
February 13, 2014 – 2:37 pm
@eryba1: In re: If you are nearing yr his’s as the markets are still down YTD it is a good time to take some profits to have capital to buy other stocks that havent risen just yet ior you are trying to build up or start a new position in… Me now: So what if taking some profits means closing some Oct 2014 505 calls in AAPL? Up about 56%, but think of what they could be if a new product sends AAPL to 600+? Suggestions?
eryba1
February 13, 2014 – 2:41 pm
@drefleury: Look the WHAT IF’s are just that WHAT if’s here U mention the upside what if’s you could have the same # of DOWNSIDE what if’s. This is why we trim on the way up and add on the way down if that is one style. I was saying BUY last week FB at 52, goog 1180 cien 21.5 aapl 500 and many others. SO for me its easy to now say sell we had a GREAT RUn just take some off increase your capital reserves, protect your gains if you bought last week and get ready for the next downtrend. It will come. It always comes. Many will soon call for that RETEST at 1730 or lower. I am VERY HAPPY with how we have performed here and to keep my accounts reaching new hi’s I am going to repeat the logic that has been working for me.
eryba1
February 13, 2014 – 2:42 pm
thats goog 1080 not 1180
drefleury
February 13, 2014 – 2:44 pm
@eryba1: I’ve learned that I should heed a warning. Probably time to furlow the troops for a bit, you’re right.
eryba1
February 13, 2014 – 2:46 pm
@drefleury: U can never time the each top and bottom, lets capture the majority middle 60-80%. If we rise again tom I will trim more as we get overbought into a 3 day weekend.
eryba1
February 13, 2014 – 2:47 pm
@drefleury: if one didnt buy the names and $’s I mentioned from last week it may be harder but with 10-30% rises since those lows for some stocks for me thats equates to trimming time.
Turtle108
February 13, 2014 – 2:48 pm
@eryba1: KPMG
eryba1
February 13, 2014 – 2:48 pm
@Turtle108: Ok top 10 acct firm.
drefleury
February 13, 2014 – 2:49 pm
@eryba1: What are the reasons that GDX went down this low in the crash environment of 2008-9, and just bounced off this level in this environment today? What correlates the two?
eryba1
February 13, 2014 – 2:50 pm
@Turtle108: I always question a small company with such large assets, accounting group does not prevent / or uncover financial cooking of books but does help to some extent
msamuels2000
February 13, 2014 – 2:50 pm
Wow good week – if only my AAPL 522s hadn’t expired worthless last friday I’d really be ready to start some celebration drinking early today. Missed the AAPL rally by one day.
eryba1
February 13, 2014 – 2:52 pm
@drefleury: as Turtle pointed out yesterday and I just really looked myself gold and the markets have risen in tandem for many mnay years the correlation just broke down in Oct 2012
eryba1
February 13, 2014 – 2:52 pm
@msamuels2000: use common shares next time, at leats some maybe.
Turtle108
February 13, 2014 – 2:52 pm
@eryba1: SLW is a major league hitter. I have met with them , listened to them speak, multiple times . these people are the real deal- i know i could be wrong, i know to never let my guard down- but i reallyreally like this co- here’s about the CEO
Turtle108
February 13, 2014 – 2:53 pm
Nolan Watson (born August 1, 1979) is a Canadian entrepreneur, known for his work in the mining industry and his humanitarian efforts in Africa. When Watson was named the Chief Financial Officer of Silver Wheaton in 2006,[1] he became the youngest CFO (age 26) of a multi-billion dollar market capitalization company listed on the New York Stock Exchange[2] and helped build Silver Wheaton into the largest metal streaming company in the world.[3]
Turtle108
February 13, 2014 – 2:53 pm
Amidst all of his business endeavors, Watson has always been a philanthropist at heart and in 2005 he founded Nations Cry, a Canadian charitable organization focused on providing world class education to underprivileged children in Africa.[8] Nations Cry is a volunteer based organization with a financial structure such that 100% of all donations go directly to the end cause, helping the children who need it. Watson’s vision has led Nations Cry to Sierra Leone, a country that was marred by more than a decade of civil war ending in 2001. Nations Cry has completed a school building project at the International DOVE orphanage in Gloucester, Sierra Leone, and has purchased land with plans to build a community school just outside of the capital city of Freetown.[13]
eryba1
February 13, 2014 – 2:54 pm
@Turtle108: OK u R doing your due diligence, just never too much of your capital % wise in any one stock.
rkumar
February 13, 2014 – 2:54 pm
moves in data splk wday panw–breathtaking
Turtle108
February 13, 2014 – 2:55 pm
@eryba1: one more thing- Watson has gone on to form a new co- Sandstorm Gold- it’s him and others from SLW- i am betting they can do it again- have been in SAND since the day it came public-
drefleury
February 13, 2014 – 2:55 pm
@eryba1: Why did the correlation breakdwon in 10/12?
drefleury
February 13, 2014 – 2:55 pm
sic
eryba1
February 13, 2014 – 2:56 pm
@Turtle108: sand was 3 when it began went to 14 now bk at 4.
eryba1
February 13, 2014 – 2:56 pm
@drefleury: Not sure why the correlation broke down as Gold had the worst year in 30 down 28% in 2013
Turtle108
February 13, 2014 – 2:56 pm
@eryba1: now at $5.61- also have wts-
drefleury
February 13, 2014 – 2:57 pm
Didn’t Cody buy some XONE recently?
eryba1
February 13, 2014 – 2:57 pm
@Turtle108: good luck with the positions.
eryba1
February 13, 2014 – 2:58 pm
@drefleury: yes he did last week when DDD reported bad earnings early. It was at 40 when he bough fell as low as 37-38
Turtle108
February 13, 2014 – 2:59 pm
@eryba1: thanks- hope the gold talk isn’t too much of a distraction from tech- i’m realizing where i am and i know Cody’s all about tech- i just see such a big opportunity right now, it’s hard to not shout it out.
drefleury
February 13, 2014 – 2:59 pm
@eryba1: Still a buy no?
eryba1
February 13, 2014 – 2:59 pm
@drefleury: gdx?
msamuels2000
February 13, 2014 – 3:00 pm
@eryba1: Already my 2nd largest position – just playing the irrational down turn after earnings. My thesis was right just missed a huge payday by one day on a very modest bet
drefleury
February 13, 2014 – 3:00 pm
or XONE?
eryba1
February 13, 2014 – 3:01 pm
@Turtle108: not a distraction at all, any discussion here to help our investment ideas, refine approaches, filter diff stocks is great
eryba1
February 13, 2014 – 3:01 pm
@msamuels2000: aapl? Ok
lfnunnally
February 13, 2014 – 3:01 pm
Anyone buying any more INVN here around 20.66?
eryba1
February 13, 2014 – 3:02 pm
@drefleury: cody bot Xone last week at 40
eryba1
February 13, 2014 – 3:02 pm
@lfnunnally: A few people did today when it was down 5% today, myself included
eryba1
February 13, 2014 – 3:03 pm
@drefleury: is GDX still a but YES, first buy for U? yest was a better buy down 3% vs todays 4.4% rise
Olivepetunia
February 13, 2014 – 3:03 pm
@lfnunnally: no more now – Bot in AM @ $20.45;
rkumar
February 13, 2014 – 3:14 pm
tlt up
rkumar
February 13, 2014 – 3:14 pm
fells like a short squeeze???
rkumar
February 13, 2014 – 3:15 pm
we did break resistance at 1825
Turtle108
February 13, 2014 – 3:17 pm
$1301.
jpsr1975
February 13, 2014 – 3:30 pm
maybe time to trim??
eryba1
February 13, 2014 – 3:31 pm
@jpsr1975: have been saying that for most of the day after Fb GOOG and others have ramped from lows to have been bought last week
eryba1
February 13, 2014 – 3:33 pm
http://www.mcoscillator.com/market_breadth_data/ should be near + 200 if we close around here- just one metric showing we are in an uptrend but a bit overbought.
eryba1
February 13, 2014 – 3:39 pm
@jpsr1975: what r u looking to trim? did U buy during the pullback into last week?
echan008
February 13, 2014 – 3:44 pm
1st tranche of INVN at 20.57
jahmon
February 13, 2014 – 3:47 pm
I trimmed GOOG today
jpsr1975
February 13, 2014 – 3:47 pm
@eryba1: bought goog, fb, xone, qcom and bidu
eryba1
February 13, 2014 – 3:47 pm
@jpsr1975: last week?
jahmon
February 13, 2014 – 3:49 pm
my question is if anyone is trimming GDX or GDXJ? My guess is not yet.
Turtle108
February 13, 2014 – 3:49 pm
well, as we’ve been watching for, the metal stks are ramping into the close- FWIW, i wish some of you would also look at GDXJ . Very conservatively, I would split my money between GDX- GDXJ- SLW. MUX- MDW- RIOM- NUGT all up large today.
eryba1
February 13, 2014 – 3:49 pm
@jahmon: No i think the break above 1300 an ounce is positive, gdx was here 2 days ago uptrend intact
jpsr1975
February 13, 2014 – 3:49 pm
@eryba1: yes
Turtle108
February 13, 2014 – 3:50 pm
woops- to be clear, split between GDX- GDXJ- SLW- the others are separate .
eryba1
February 13, 2014 – 3:50 pm
@jpsr1975: then u have seen 5-30% gains in 6 trading days in some names
jahmon
February 13, 2014 – 3:53 pm
@eryba1 yep. I have 6 different strikes with May/June expirations. GDX – GDXJ – IAG, All up between 50-105%
jahmon
February 13, 2014 – 3:53 pm
But i don’t want to sell any yet
eryba1
February 13, 2014 – 3:54 pm
@jahmon: thats up to u 50-105% gains in 6 days sounds like pattern that should be repeated again and again if U buy low and sell hi.
eryba1
February 13, 2014 – 3:55 pm
by trimming so never an all or none.
jpsr1975
February 13, 2014 – 3:55 pm
@eryba1: not at all…i add to my positions in those names. 5% to 10% gains
eryba1
February 13, 2014 – 3:56 pm
@jpsr1975: Ok
jpsr1975
February 13, 2014 – 3:56 pm
@eryba1: i use just common, not options
dab2fish
February 13, 2014 – 3:57 pm
Is today the time for a second tranche of INVN?
eryba1
February 13, 2014 – 3:57 pm
@jpsr1975: same for me, today I was trimming some, if we see more upside tomorrow I will sell more as we get further overbought, max overbought condition sometime next week. Mon markets r closed
Turtle108
February 13, 2014 – 3:58 pm
@jahmon: nice job on the calls! i was taught to always sell half on a double with calls. hard to do, but ……
eryba1
February 13, 2014 – 3:58 pm
@dab2fish: for some myself included it was
jahmon
February 13, 2014 – 4:10 pm
@Turtle108 Indeed. I begrudgingly sold some of my $52.50’s for 120% profit. My final tranche sell was over 300%. Probably a best practice but very hard to do with a running stock.
jahmon
February 13, 2014 – 4:10 pm
FB $52.50’s that is
Turtle108
February 13, 2014 – 4:27 pm
@jahmon: nice- fantastic! it’s not easy to make $$$ like that- are you holding the vdx gdxj etc?
jahmon
February 13, 2014 – 4:32 pm
@Turtle 108 I’m currently holding all of it, yes. haven’t sold any of it yet.
eryba1
February 13, 2014 – 4:58 pm
The averages dont tell the strength under the surface in select stocks. Tech stocks had some big moves today. Goog and FB hit all time hi’s, Sndk, jnpr,fslr,3d stocks, amzn,aapl all outperformed further confirming the stock pickers market this has become. Gold broke and close above the 1300 round psychological # of 1300 now standing at 1302.9. Yield on the 10 stayed above 2.7 % down a bit today but closed at 2.736%. The baltic dry index seems to have found some solid footing in the 1085-1090 range closing today + 12 at 1097. Transports closed above their 50 day moving avg as did the russell 2000 index for small caps stocks. Using the maclellan oscillator we are getting overbought and should see + 200 tonight. More confirmation we are in an uptrend. We have a 3 day weekend coming up a
eryba1
February 13, 2014 – 5:02 pm
More confirmation we are in an uptrend. We have a 3 day weekend coming up as monday is Presidents day and the markets are closed. Last mon tues were GREAT buying opportunities as some stocks are up 10-30% in that time. The hardest thing to do IMHO is to sell as was the hardest thing to do a week ago was buy into the downtrend. I hope everyone here bought some last week and trimmed today for a very rewarding week of trading since those buys. GN and see you tom morning.
eryba1
February 14, 2014 – 7:08 am
GM- 1st thing- NIce dividend surprise paid to apple shareholders this morning. Check your accounts and see if you received yours today.
eryba1
February 14, 2014 – 8:14 am
2nd thing- Happy Valentines day
and it seems the shinny metal is also in good spirits as its up $14 dollars in pre market trading reflected in the 2 and 1 percent rises in the GDX and GLD respectively. Ericsson and Ciena announce strategic global agreement stocks up 4% in pre market.
eryba1
February 14, 2014 – 8:24 am
GDP #’s out of europe are encouraging and we get consumer confidence #’s out shortly.
msamuels2000
February 14, 2014 – 8:27 am
@eryba1: yes I have alerts set in my TD Ameritrade account for dividend payouts and got one yesterday
Olivepetunia
February 14, 2014 – 8:28 am
@eryba1: Please explain “surprise”? Dividend was payable yesterday and received yesterday – as expected. Nothing today.
eryba1
February 14, 2014 – 8:29 am
@Olivepetunia: surprise meaning I did not have a date when it was coming and this morning a nice V day gift from apple to its shareholders.
eryba1
February 14, 2014 – 8:32 am
Apple target boosted at BofA/Merrill FEB 14, 2014 | 8:00 AM EST Shares of AAPL now seen reaching $590, according to Bank of America/Merrill Lynch said. Company will likely repurchase more stock. Neutral rating.
eryba1
February 14, 2014 – 8:46 am
Lets see how this CIEN news help the stock perform for the day a clear breakout if the premarket move holds. lets see the close. up 6.5% in premarket to 24.81.
Olivepetunia
February 14, 2014 – 9:00 am
@eryba1: Ahhh. Dividend was actually posted yesterday morning in my Fidelity account.
eryba1
February 14, 2014 – 9:03 am
@Olivepetunia: lucky U!!
eryba1
February 14, 2014 – 9:03 am
Great apps- http://www.usatoday.com/story/tech/columnist/komando/2014/02/14/amazing-apps/5313905/
eryba1
February 14, 2014 – 9:37 am
cramert on CNBC thinks BIG short squeeze to come in GOLD at 1300 too many short best way to play it is GDX. lets see how it acts today and volume at days end. NICE YET EARLY move in 3D stocks, INVN and JDSU not to mention CIEN breakout
Turtle108
February 14, 2014 – 9:41 am
@eryba1: i agree with cramer- gold fever is coming- and as we’ve all heard, there’s no fever like………..
I think the debt ceiling being raised and this from Australia: The federal government will be able to borrow as much money as it wants after Federal Treasurer Joe Hockey cut a deal with the Greens to dispense with the debt ceiling completely…” are helping to propel gold.
Turtle108
February 14, 2014 – 9:44 am
also, not to sound like a broken record, but, look at GDXJ again outperforming GDX.
eryba1
February 14, 2014 – 9:45 am
@Turtle108: as usual more upside on up days and more downside on down days for the GDXJ
Turtle108
February 14, 2014 – 9:47 am
@eryba1: yes, very true- i just suggest to take a portion of your gold money and split it with GDX- maybe 70%gdx 30% gdxj- throw in some SLW. that to me is the perfect combo.
eryba1
February 14, 2014 – 9:48 am
@Turtle108: enjoy the run!!
eryba1
February 14, 2014 – 9:52 am
@Turtle108: and as always diversify, its never a straight line higher its filled with bumps and healthy pullbacks.
Turtle108
February 14, 2014 – 9:56 am
@eryba1: you know it! just a little excited this morning- but cautious-
Jeffhok1970
February 14, 2014 – 10:01 am
namaste stock market profiteers!
eryba1
February 14, 2014 – 10:08 am
@Turtle108: excited- I clearly understand. Diversify as you see names like CIEN up 8% jdsu , invn 3d stocks all performing well as others who were ramping pullbk a bit from being overheated
eryba1
February 14, 2014 – 10:10 am
@Jeffhok1970: JOSUN
Olivepetunia
February 14, 2014 – 10:12 am
@eryba1: @Turtle108: Please provide brief explanation (pros/cons) of difference between GDX and GDXJ.
dannychan1
February 14, 2014 – 10:14 am
@eryba1: do you practice tranching as stock levels increase? Or do you only do that when levels decline?
eryba1
February 14, 2014 – 10:27 am
@dannychan1: on clear breakouts or about too I might add.
eryba1
February 14, 2014 – 10:28 am
GDX vs GDXJ- yahoo finance great source for research starting point. GDXJ junior gold miners certain % of assets come from gold vs GDX diff % of revenue comes from gold. One pays a div = GDX the other doenst = GDXJ
Johan
February 14, 2014 – 10:33 am
GM, eryba1, are you thinking on trim CIEN today?
eryba1
February 14, 2014 – 10:34 am
@Johan: YES maybe a bit at days end
Johan
February 14, 2014 – 10:34 am
yeah, me too… best
eryba1
February 14, 2014 – 10:35 am
@Johan: NP enjoy Its a clear breakout next resistance point is near 27-28
Johan
February 14, 2014 – 10:36 am
ok… understood.
jahmon
February 14, 2014 – 11:03 am
You’re not a pharma company until you are bashed by Adam Feuerstein…
eryba1
February 14, 2014 – 11:17 am
@jahmon: thats for sure and sometimes he is the nail in the coffin as the casket is being lowered into the ground.
eryba1
February 14, 2014 – 11:21 am
baltic dry index inching higher first time above 1100 while moving to the upside + 9 today to 1106. 10 yr yield 27.48 up .44%. transports above 50 day avg as well for all those dow / transports confirmation theorists, lets see the close.
eryba1
February 14, 2014 – 11:25 am
znga roaring up another 5%
jahmon
February 14, 2014 – 11:31 am
Hahaha Robertmarcin on Scutify “i have a squalamine suppository for AF.”
Turtle108
February 14, 2014 – 11:50 am
@Olivepetunia: GDX holds the majors=
eryba1
February 14, 2014 – 11:51 am
Selling my SSYS that I bot for a trade at 117.
Turtle108
February 14, 2014 – 12:02 pm
woops- didn’t mean to hit enter there- GDXJ holds the jr miners- the theory is that the majors are out of reserves, or very low- they will have to be buying up the jrs, and possibly soon- the trend has already begun- why wait until gold is at 1400 to buy out a mine, when you can do it now- i need to run but will be back, ask any questions- basically, the ABX and NEM’s of the world will have to buy the jrs- and hopefully at a premium!
Olivepetunia
February 14, 2014 – 12:08 pm
@Turtle108: Is AUY considered a jr?
rkumar
February 14, 2014 – 12:11 pm
any reason jana partners would buy siri–very smart guys???
Turtle108
February 14, 2014 – 12:32 pm
@Olivepetunia: no. it’s a senior- they will be out making acquisitions, and they are listed in GDX- I do think AUY is a good co tho- owned it for yrs, but not at the moment- trying to stick to what I consider mines in safe locations, politically speaking-
Olivepetunia
February 14, 2014 – 12:46 pm
@Turtle108: I thought AUY was Canadian – but I guess that’s not necessarily where their mines are located. Do they operate in politically sensitive countries?
Turtle108
February 14, 2014 – 12:50 pm
@Olivepetunia: many of the gold cos offices are in Cnd, Vancouver has a lot- “Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Brazil, Argentina, Chile and Mexico.”
Turtle108
February 14, 2014 – 12:52 pm
@Olivepetunia: I guess it’s up to each of us to decide what is safe and what is not- I think AUY is probably fine, and most of those other countries too. it’s just always risky. mining has so many risks, so it’s good to minimize what you can if you invest in individual cos- that’s one reason i like the royalty cos, SLW- FNV- like with GDX, the risk is spread out- but you’ll make more money with individual stks-
eryba1
February 14, 2014 – 12:54 pm
@Turtle108: if indeed the market is running alongside the gold stocks and they are rising in unison perhaps it is wise after this STRAIGHT up V shaped move that a trim is in order for gold. I will explore that idea more as the day goes on to Trim GDX here at 26.5 area to buy back at 24.5?
Turtle108
February 14, 2014 – 1:06 pm
@eryba1: i am more of a buy and hold- i am looking at my recent buys as possible long term holds, but will trim along the way for certain- you can try to time this run, it’s just so hard- the other day when we talked of selling the rips i was against it, and you were right, the next day GDX dropped- but i bet it’s higher today than it was then- so, i guess this might be the time to trim for a trade – you are really good at this, keep telling me when you think we should trim! i will be very interested to see what traders want to hold over the 3 day weekend-
Olivepetunia
February 14, 2014 – 1:12 pm
@Turtle108: @eryba1: Sold NUGT Feb 28 $48 calls @ 5.30. Hmmmmm.
Turtle108
February 14, 2014 – 1:22 pm
@eryba1: it’s also possible the mkt will tank but gold will continue up- i do not know, obviously-
Turtle108
February 14, 2014 – 1:25 pm
right now i have a 9 month old in my arms- hard to chat. he’s my grandson, (in case you’re wondering)
the true gold in life.
satishask
February 14, 2014 – 1:42 pm
@Turtle108: wow you are a grand father. good for you.
eryba1
February 14, 2014 – 1:49 pm
@Turtle108: a real Nugget
jahmon
February 14, 2014 – 1:53 pm
Nine months is fun…and it only gets better…
msamuels2000
February 14, 2014 – 1:58 pm
My SLV May 19s are up 60% in a day and a half – congrats to you GDX and GDXJ flippers! They must be up even more
eryba1
February 14, 2014 – 2:00 pm
@Turtle108: If the market and gold are trading in tandem them the odds are they have become linked vs unlinked. We will surely know during the next decline as this market is now going V shaped into overbought territory.
msamuels2000
February 14, 2014 – 2:02 pm
@eryba1: JNPR was way more overbought than CIEN and it seems to have held its gains after a brief dip. Would you add that to the mix in deciding whether or not to trim CIEN here?
eryba1
February 14, 2014 – 2:05 pm
@msamuels2000: No I am trimming either way bot at 21.5 so at 25.25 range I trimmed a tranche. If we get a pullback as I think we may I will add as we need to work off the V shaped move higher and overbought condition that can last longer. Things are working very well for us so I dont want to squander the opportunity new hi’s again. Cien had become my largest position after trimming FB yesterday so todays 8% rise is a gift and I am going to accept it increase my cash position and wait for the next pullback. if we go even higher next tues wed thur I will sell more
Turtle108
February 14, 2014 – 2:06 pm
@satishask: LOL !!! grand MOTHER . did you all think i was a guy???? don’t you love the internet!
eryba1
February 14, 2014 – 2:07 pm
@Turtle108: not everyone is here everyday when I asked U ur age etc and U said it wasnt polite to ask a woman her age!!
msamuels2000
February 14, 2014 – 2:08 pm
@eryba1: gotcha thanks
Turtle108
February 14, 2014 – 2:09 pm
@eryba1: I know- just messing around . it is sort of funny tho-
Turtle108
February 14, 2014 – 2:10 pm
@eryba1: did i tell you my age?
eryba1
February 14, 2014 – 2:10 pm
@Turtle108: yes turtle from HBO ENTOURAGE was a character if U know the show used to be on- GREAT shot BTW and turtle was the knickname of one of the characters so people assumed
eryba1
February 14, 2014 – 2:10 pm
@Turtle108: I dont recall in your 60’s I believe.
jakef1111
February 14, 2014 – 2:11 pm
@eryba1: time to trim nugt??
Turtle108
February 14, 2014 – 2:11 pm
@eryba1: sssshhhhh!!!! actually, very proud to have just turned 60.
eryba1
February 14, 2014 – 2:13 pm
@jakef1111: I dont own NUGT- I cant 3x leverage stocks in general too wild for me, not these days 10 years ago maybe, I did but a heart attack volatility. in a month NUGT went from 31 to 51. GDX same time frame 22 to 26
eryba1
February 14, 2014 – 2:16 pm
@Turtle108: enjoy its just a # no one LIKES it rising per say but it has its advantages, as U R now holding one of them
jchuosu
February 14, 2014 – 2:18 pm
i see no resistance on GLD until 132. Chart looks good
JSmith
February 14, 2014 – 2:19 pm
Who was it that owns SDRL?
eryba1
February 14, 2014 – 2:21 pm
My LONE marijuana medicinal use stock Symbol MDBX is ramping, I dont own any but out of now where was unch for the day now up 26.5%. Anyone elses marijuana stocks rising? ?
jakef1111
February 14, 2014 – 2:21 pm
@eryba1: what do you think of ibb or bbh to play biotech?
eryba1
February 14, 2014 – 2:22 pm
@jakef1111: I like the majors, safer for me for now
eryba1
February 14, 2014 – 2:22 pm
@jakef1111: Ok both ETFs I c
eryba1
February 14, 2014 – 2:23 pm
@jakef1111: both etf’s had neat 10% moves this week.
jakef1111
February 14, 2014 – 2:26 pm
@eryba1: yea trying to be able to a pie of the pie without as muchh risk less margin maintenance too most biotech stocks are 50-100% eat up cash
eryba1
February 14, 2014 – 2:28 pm
@jakef1111: thats one way to look at it. baskets r easier vs just choosing 1-2 stocks, but check the stocks in the fund. % allocated to each stock so U k ow the mix the ETF holds and R happy with it.
indiasilver
February 14, 2014 – 2:37 pm
Anybody trimming AAPL here? I got in a small tranche of call options when it was around 508, now at 544. My calls are up about 30%…
eryba1
February 14, 2014 – 2:38 pm
@indiasilver: I trimmed some of many stocks yesterday.
Turtle108
February 14, 2014 – 2:38 pm
@JSmith: was me- but no time to talk right now- will try to come back
JSmith
February 14, 2014 – 2:40 pm
@Turtle108: ok, I just bought some more yesterday, just curious your take before earnings. Seems people think their div can’t be held.
msamuels2000
February 14, 2014 – 2:41 pm
VIX 13.50 should probably cover those puts tonight
eryba1
February 14, 2014 – 2:49 pm
@msamuels2000: yes watching that VIX myself as this market did indeed SNAP BACK from VERY oversold, super fear to no fear at all on some metrics yet. Just as it got to extreme to the downside it can do the same to the upside.
Turtle108
February 14, 2014 – 3:08 pm
@JSmith: I think we’ll be ok – it’s a very long term hold for me, has been worrisome lately, but I think it’s good. They have the newest rigs in the business and are being lumped together with other cos with older rigs- that being said, who knows?!?!
eryba1
February 14, 2014 – 3:18 pm
@Turtle108: Ok I will trim a tranche in GDX here and some GLD as well. Both getting hi on their RSI levels so I will take profits. I am trying to meet cody at next weeks expo so I wont be around almost all day Tuesday to see what the market does. So rather trim some more take profits increase cash levels and be back here wed morning.
Benb
February 14, 2014 – 3:21 pm
Had one of the best weeks of my life in the market this week. You have to load up when everyone thinks the market is done for even if some pretty bright people aren’t. Going against the grain is the hardest thing to do but its something that makes you rich.
joe.evicel
February 14, 2014 – 3:22 pm
@eryba1: I’ll be at next weeks expo as well. I’m sure I’ll see you there
eryba1
February 14, 2014 – 3:22 pm
@Benb: it has been a VERY productive week. trimming I hope to lock in those gains??
JSmith
February 14, 2014 – 3:22 pm
@Turtle108: thanks, think they moved their earning call up a couple of days so we will see. They do have the newest in the business and not sure why they would keep increasing their div if they were not confident in the future and with their debt. I was hoping current level was kinda a floor in the price decrease.
eryba1
February 14, 2014 – 3:26 pm
@joe.evicel: and weather for now looks very cooperative here for the NYC Polar Vortex dome of cold home, 44 and sunny.
Turtle108
February 14, 2014 – 3:32 pm
@JSmith: I am hoping the same- they usually are true to their word about divies. I also am holding NATDF since it’s IPO- another Fredriksen stk that hasn’t gotten much love the past month or two.
satishask
February 14, 2014 – 3:39 pm
@Turtle108: Wow that is another surprise. I honestly thought you are a guy by your screen name.
joe.evicel
February 14, 2014 – 3:42 pm
@eryba1: Yes lets hope it lasts
eryba1
February 14, 2014 – 3:43 pm
@joe.evicel: for now looks like it may be over for a small window at least: http://abclocal.go.com/wabc/channel?section=weather/forecast&id=6650531
Olivepetunia
February 14, 2014 – 3:57 pm
@satishask: Screen names can be very misleading
satishask
February 14, 2014 – 4:02 pm
@Olivepetunia: absolutely. I used to have born2win as my screen name in some sites.
Johan
February 14, 2014 – 4:03 pm
In the biotech sector I bought SZYM a couple of weeks ago after being tracking it for some months. I am long in it but you have to be very cautious. Very volatil so you can make trades buy ing low and selling hi… If they start operations in the new brazilian plant as schedulled for q1 2014 it will be a big catalyzer for grow.
eryba1
February 14, 2014 – 4:25 pm
It was a VERY productive week for our stocks. If you bought at fear gauge levels last week at 12 you very well rewarded this week as google, FB, CIEN, FSLR, AMZN AAPL, 3d stocks to name a few performed extremely well. FB and GOOG hit all time hi’s. Gold broke above 1300 an ounce and the GLD and GDX are in an uptrend. Just as we fell to extremes we are now getting overbought on the upside. The mclellan oscillator should read + 225+ tonight showing very overbought levels but more closing + levels just confirms the current market uptrend. Hope you trimmed some this week to lock in the great moves in many names to build up your cash positions for the next time the markets panic Markets are closed Monday for Presidents day and I am hoping to meet cody in NYC for the traders expo Tuesday.
eryba1
February 14, 2014 – 4:30 pm
So I may not be around all day Tuesday, as a result I was a bit more aggressive with sells today to lock in gains and see what unfolds here on Tuesday. We won’t know the exact time of the next pullback but we all know when it comes its feels like its out of the blue. Enjoy this sustained 6 days of upside in a row. The next time the markets pull back you will know what to do by preparing when times are good by trimming. Enjoy the 3 day weekend. GN
satishask
February 14, 2014 – 9:50 pm
did any of you see that mt.gox price of bit coin dropped to 300 low today.
jbusma
February 15, 2014 – 2:21 am
@satishask There are two stories, 1) http://www.pcworld.com/article/2096060/bitcoin-price-plunges-as-mt-gox-says-flaw-in-protocol-allows-fraud.html, and 2) Some bitcoin folks that know more about it that I do tell me that mtgox had [perceived] liquidity problem, and other issue has folk using other exchanges,
jbusma
February 15, 2014 – 2:22 am
http://www.reddit.com/r/Bitcoin/comments/1wsn3k/whats_happening_at_mtgox/
eryba1
February 16, 2014 – 8:26 am
Google Gobbles Traffic, Facebook Boosted Prices, Says Nomura in Internet Review- http://blogs.barrons.com/techtraderdaily/2014/02/14/google-gobbles-traffic-facebook-boosted-prices-says-nomura-in-internet-review/?mod=yahoobarrons&ru=yahoo
carl
February 16, 2014 – 12:59 pm
@eryba 1 Do you have any idea of why lnkd is getting pounded? Where is it going from here?
carl
February 16, 2014 – 1:00 pm
@eryba 1 @cody Is this a dead cat bounce?
eryba1
February 17, 2014 – 1:55 pm
@carl: dead cat bounce would have been S&p 1730 to 1775 ish or so NOT all the way bk to 1840. We wentr from very oversold to overbought on some gages / metrics.
eryba1
February 17, 2014 – 1:55 pm
Nike to unveil ‘Back to the Future’ self-tying power laces in 2015 http://www.usatoday.com/story/news/nation-now/2014/02/17/power-laces-back-to-future/5549043/
eryba1
February 17, 2014 – 2:11 pm
While the USA markets are closed today the rest of the world is open for business. The baltic dry index is perhaps turning the corner to the upside after a few days of basing at 1080-1090 level. Today it closed up 24 to 1130. Gold is up 10 dollars an ounce to $1329. Tomorrow Cody is in NYC for the trader expo. I plan on being there to meet him, a few subscribers here and the SCUTIFY CO- CEO.
joe.evicel
February 17, 2014 – 6:59 pm
Interesting article on Soros and the possible indicator for a market downturn. Also talks about his outlook on gold miners etf . http://www.zerohedge.com/news/2014-02-17/soros-put-hits-record-billionaires-downside-hedge-rises-154-q4-13-billion
jahmon
February 17, 2014 – 8:50 pm
Can anyone tell me how Mt Gox is selling bitcoin for $300 when everyone else is selling it for 650?
eryba1
February 18, 2014 – 6:58 am
Chinese demand for gold bars, coins and jewelry soared by 32% to record levels in 2013, even as the price of gold slumped 28%- http://finance.yahoo.com/news/china-overtakes-india-gold-consumer-060000182.html?l=1
eryba1
February 18, 2014 – 7:03 am
Apple dealmaker met with Tesla’s Elon Musk- http://www.usatoday.com/story/money/cars/2014/02/17/tesla-musk-apple-meeting/5561905/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+UsatodaycomMoney-TopStories+%28USATODAY+-+Money+Top+Stories%29
Turtle108
February 18, 2014 – 9:04 am
@eryba1: hi- how is the show going?
Golfcar101
February 18, 2014 – 12:27 pm
test
eryba1
February 18, 2014 – 3:15 pm
@Turtle108: Hello, Just got back. Went well
eryba1
February 18, 2014 – 3:20 pm
@Turtle108: did some work over the weekend on GDX vs GDXJ. I believe I will sell my GLD and instead use the funds to diversify into more GDX and GDXJ on pullbacks. GDXJ is clearly more volatile than GDX and YTD returns higher as well. Lets see as many thinking 1350 a ceiling for gold for now after its run.
eryba1
February 18, 2014 – 3:21 pm
BIG moves today in CIEN, ZNGA, 3D stocks, FSLR, LNKD has found some footing at low 180’s.
eryba1
February 18, 2014 – 3:21 pm
ANyone here trimming adding other?
Banjoman
February 18, 2014 – 3:22 pm
I trimmed some XONE today, have not added anything yet.
eryba1
February 18, 2014 – 3:33 pm
I just got bk from the conf with cody and am going to trim more CIEN, GOOG, get rid on my GLD and buy GDX or GDXJ on a pullback and may trim more FB here as well
rzepeda
February 18, 2014 – 3:36 pm
Trimmed CIEN
eryba1
February 18, 2014 – 3:42 pm
@rzepeda: Cien has had a 40% run since $22 just 2 weeks ago
chrismossey
February 18, 2014 – 3:55 pm
I have trimmed along the way – looking at adding amzn on weakness as well as lnkd.
eryba1
February 18, 2014 – 3:56 pm
@chrismossey: nice to hear from U, enjoying bermuda yet?
chrismossey
February 18, 2014 – 3:56 pm
@eryba1: lets take a hard look at lnkd, from 190 it went to 220 in a week.
chrismossey
February 18, 2014 – 3:56 pm
@eryba1: in Ft Lauderdale with the family till next tuesday then to Bermuda.
eryba1
February 18, 2014 – 3:57 pm
@chrismossey: I think it will be very rewarding to have trimmed here HUGE runs If one had bought the FEAR GAUGE lows 2 weeks ago 12 reading and S&P 1740 range
chrismossey
February 18, 2014 – 3:58 pm
I bought there my friend. I agree. all of our positions are at the high end of the RSI except for amzn and lnkd. and of course the 3d basket I bailed on. kicking myself but I will get another chance.
eryba1
February 18, 2014 – 3:58 pm
@chrismossey: perhaps it finally found support lets watch it closely. meanwhile other holdings performing admirably in CIEN, GOOG, FB, ZNGA, 3D stocks after their decline, TQNT and more
eryba1
February 18, 2014 – 4:00 pm
@chrismossey: yes kicking myself a bit but only had a small position in XONE and I bought SSYS for a trade did well and I hear SSYS the much better of the 3, reports next month.
chrismossey
February 18, 2014 – 4:00 pm
agreed – I am looking to trim the others and buy the lnkd dip. also adding to cmg tomorrow.
chrismossey
February 18, 2014 – 4:01 pm
I am sitting on a 45% leveraged run from fear gauge 13 that I am maneuvering around.
eryba1
February 18, 2014 – 4:01 pm
@chrismossey: sounds like a plan! It has been a rocket ship UP for MOST stocks after S&p hit 1740 range and fear gauge read 12, I am going further into cash as things rise higher sold friday a tranche and today as well
chrismossey
February 18, 2014 – 4:02 pm
might simply sell some calls against FB, apple and goog on 50% and trim 25%, keep the other 25% free.
chrismossey
February 18, 2014 – 4:02 pm
to run.
chrismossey
February 18, 2014 – 4:02 pm
INVN is down since I added with cody. Might take another dip there.
eryba1
February 18, 2014 – 4:03 pm
@chrismossey: I am 45% cash now, Lets see if we get that 3-5% pullback now or go sideways to work off the overbought conditions
chrismossey
February 18, 2014 – 4:08 pm
My guess is sideways. I think there will be some chasing/positioning ahead of the next earning cycle. Although builder sentiment and retail numbers are going to be horrible with the weather. However I can tell you in Florida people are spending.
eryba1
February 18, 2014 – 4:22 pm
@chrismossey: I actually have to be there on business in your area in April for a few weeks. I am sure spending is being HURT by the arctic weather, But I know I am still if not more doing business online.
eryba1
February 18, 2014 – 4:23 pm
@chrismossey: Lets see if sideways or QQQ pulls back 3-4% to 87 and then it ramps higher to 94.
eryba1
February 18, 2014 – 4:35 pm
fear gauge bk to 44 from 12 just 2 weeks ago, baltic dry index up to 1146 + 16 up 3 days in a row for now, maclellan oscillator should see +225 tonight range. Lets see how this market handles the overbought conditions straight up V move since the S&P hit 1730’s. Volume on the upside the past few days has been on thinner and thinner volume.
Turtle108
February 18, 2014 – 6:07 pm
@eryba1: hey! I approve 200% on your GLD switch- I’m not a fan of gld, and i believe the stks will outperform for now- so good job on GDX- GDXJ- glad you did the DD. Would like you to look at SLW as well-
satishask
February 18, 2014 – 9:29 pm
@Cody: w.r.t info in your recent post “I do have a few new ideas and suggestions for those of you who are still interested in trying to figure out how to make money on the still-burgeoning bitcoin revolution”. Are you talking in terms of mining them? or anything else. I would love to be in bitcoin train before its too late.
eryba1
February 19, 2014 – 8:44 am
GM- The markets have been on an 8 day win streak and we have seen a VERY big spike from S&P 1738 2 weeks ago to 1840 close yesterday. Stocks have seen 10-30% returns since those lows and fear gauge at 12. This morning we have a softer open. Oscillator is at + 220 a very overbought reading. Lets see how this market works that off, by going sideways or declining a bit. US data comes in weaker as this polar vortex has hit many states quite hard and as a result putting things on ice as business has slowed quite significantly. The Jan 29, FOMC minutes are released today at 2pm. the 10yr is giving some of its rise back in the past few session now yielding 2.68%. Baltic dry index is at 1160 adding 14 points as the bounce after a 40% decline in 2 straight months seems to be abating for now.
chrismossey
February 19, 2014 – 9:46 am
@eryba1: Good morning, fwiw, trimming fb calls this am and using proceeds to add to lnkd jan 15 calls and amzn jan 15 calls.
eryba1
February 19, 2014 – 9:48 am
@chrismossey: LNKD yes seeing support when it hit 185 now back near 200. FB very strong this mornng.
eryba1
February 19, 2014 – 9:50 am
@chrismossey: GM- On AMZn I will give this one some time to either build a new base here or retest 535. I am in no rush to build this one out yet as we are very overbought for the market in general and want to see how the market works off this condition. We have had VERY VERY good results YTD with an S&P down for the year in comparison.
nimsri
February 19, 2014 – 9:51 am
@eryba1 are you adding INVN herer
chrismossey
February 19, 2014 – 9:51 am
Yes agreed. As I mentioned three weeks ago. I think FB is one of the most tradable stocks in the market. Good underlying strength and plenty of people want to own it that do not, thus it can be bought on down days and sold on rips for cash generation.
lfnunnally
February 19, 2014 – 9:52 am
@erbya1: Is this a good entry point for LNKD. I do not own any.
eryba1
February 19, 2014 – 9:52 am
@nimsri: looking at it down 3-4% today. I added last week at 20.5 so not adding more at these levels.
chrismossey
February 19, 2014 – 9:52 am
@eryba1: just got my cost basis in lnkd right around 200, looking to get it around 195 and then ride it.
chrismossey
February 19, 2014 – 9:53 am
@eryba1: pertinent advice on amzn. Let me know when you add.
doug.sekula
February 19, 2014 – 9:53 am
GM all. Had a good time in NY. Nice to meet you in person eryba, cupcake and Joe E. Thinking about trimming some FB and buying a first tranche of INVN.
eryba1
February 19, 2014 – 9:54 am
@lfnunnally: If U have none I would say let it find more footing for now an oversold bounce from 185. I would recommend other stocks that reported better #’s, but wait a bit, lets see how this market works off the overbought condition its in- http://www.mcoscillator.com/market_breadth_data/
nimsri
February 19, 2014 – 9:54 am
@eryba1: Thank you
eryba1
February 19, 2014 – 9:56 am
@doug.sekula: sounds like a winning approach. FB has risen from 52 2 weeks ago to 68.4 today 30+% gain.
eryba1
February 19, 2014 – 9:56 am
@doug.sekula: Yes nice seeing you as well , was that your wife and kids with U yesterday?
lfnunnally
February 19, 2014 – 10:02 am
@erbya1: Thank you. Also, I sold out of FB last week. Nice gains. What would you consider a good entry point to get back in?
eryba1
February 19, 2014 – 10:03 am
@lfnunnally: lesson here? what was the lowest U bot it at FB that is?
lfnunnally
February 19, 2014 – 10:04 am
@erbya1: 26
eryba1
February 19, 2014 – 10:05 am
@lfnunnally: thats lesson here- For ME FB is a core holding. Thats how I feel about it, If I sell ALL I get antsy and want it back at the slightest pullback as I have none. Sop I NEVER sell it all unless I think something is wrong with the stock or company. Great 26 nearly 150% gains.
lfnunnally
February 19, 2014 – 10:06 am
@erbya1: Yep – you are correct.
eryba1
February 19, 2014 – 10:06 am
Why would U sell it all? we are each diff need the cash other? However here U r ALREADY asking when to get back in? SO WHY sell it all? Its up on the day and u R already feeling ANGST to get some back into your portfolio.
lfnunnally
February 19, 2014 – 10:08 am
@erbya1: I suppose it’s because I had such huge gains, and it appeared to be toppy. I kept waiting for a big pullback, but it never came.
rzepeda
February 19, 2014 – 10:08 am
Question – I have some FB in the $20’s but never got to my full allocation as I did not want to chase it.. if you wanted to add more how do you figure a good entry point?
eryba1
February 19, 2014 – 10:08 am
@lfnunnally: For now IMO U should NOT chase it higher here and take your cost basis from 26 to a new one at 68, Wait for weakness and then start adding back. It would have been wise (unless U need the $$ from the FB sale) to sell on the way up in tranches and add on pullback keeping a core position
eryba1
February 19, 2014 – 10:09 am
@rzepeda: last week at 52
rzepeda
February 19, 2014 – 10:09 am
@eryba1: well played sir!
eryba1
February 19, 2014 – 10:10 am
@lfnunnally: I also bought in the low 20’s and I am keeping that core, I sold 1/2 my position in FB before my Jan vacation at 58 and it corrected to 51.7 I bought it all back and then some during its 15% correction from 59 to 51.75 and now back at 67-68 I am selling the past few days tranches
lfnunnally
February 19, 2014 – 10:11 am
@erbya1: I appreciate your advice
doug.sekula
February 19, 2014 – 10:11 am
@eryba1: yes that was my wife and kids. Our first time in NY, got there Sunday and left that evening after doing some (a lot) more sight seeing before traveling home. Had to get the kids back home for school today. Next time I’ll slow down and have that lunch with you guys.
eryba1
February 19, 2014 – 10:12 am
@rzepeda: – Well played- well It worked out. When the fear gauge was at sub 15 I was saying this was extreme time to add now at 65+ range for me its time to trim, but keeping a core position to work around. If we see Fb at 60 or so I will load back up again depending on the market condiitons, actions etc
eryba1
February 19, 2014 – 10:13 am
@doug.sekula: very cute KIDS!!!!! What blond hair!!
1st time in NYC- LOTS to see, hope U enjoyed!!
eryba1
February 19, 2014 – 10:14 am
@lfnunnally: FB toppy? RSI is getting up there but not extreme, GREAT earnings, leader in this market.
eryba1
February 19, 2014 – 10:14 am
Stepping out for a meeting be back soon.
rzepeda
February 19, 2014 – 10:15 am
@doug.sekula: I am a NY’er, sometimes I wish I could see NYC from the point of a tourist. I still am in awe at times. Hope you come back!
chrismossey
February 19, 2014 – 10:26 am
@eryba1: back up the truck if FB gets to 60.
eryba1
February 19, 2014 – 10:27 am
@chrismossey: just before I step out- EASY TO SAY that now, need to see market conditions if when we get to see such a PULLBACK
eryba1
February 19, 2014 – 10:29 am
@chrismossey:
its never that easy. FB Jan decline from 59 to 51.75 = 15% wasnt so easy to buy or knew it could / would fall that much. Take what the market gives U. CIEN 21.5 to 26.26 in what 5-7 trading days 20%, FB 52 to 68.5 today = all gifts
chrismossey
February 19, 2014 – 10:33 am
@eryba1: The wise sage speaks. Yes you are right.
jakef1111
February 19, 2014 – 10:40 am
I dont think the worlds favorite gameshow is debateable… I bought some puts yesterday….. Just for a little hedge….. Bears are more scared easily…
jpsr1975
February 19, 2014 – 10:53 am
Are u guys trimming?
Johan
February 19, 2014 – 10:58 am
@jpsr1975: I am yesterday and today a little more… I am almo 50% cash now…
Johan
February 19, 2014 – 10:59 am
almost
jahmon
February 19, 2014 – 11:08 am
Morning Elad. Did you sell out of OHRP or hold? What a comeback…catalyst tonight one way or the other…
Jeffhok1970
February 19, 2014 – 11:09 am
anyone have an opinion on shorting/buying puts on CRAY?
jakef1111
February 19, 2014 – 11:13 am
Picked up some uvxy
doug.sekula
February 19, 2014 – 11:39 am
@eryba1: @rzepeda: Thanks, had a blast! Can’t wait for the next one! Arizona? Lol.
jahmon
February 19, 2014 – 12:29 pm
Feeling slippery out there…
nimsri
February 19, 2014 – 12:30 pm
Anyone planning to add apple herer
Lu
February 19, 2014 – 12:57 pm
@jakef111 good job, you should be doing well today. I’m thinking the market will go down for a few days.
jahmon
February 19, 2014 – 1:11 pm
I’m surprised that the miners are down today
Jeffhok1970
February 19, 2014 – 1:11 pm
Here is an interesting article on Investor Margin Debt…http://www.advisorperspectives.com/dshort/updates/NYSE-Margin-Debt-and-the-SPX.php
Jeffhok1970
February 19, 2014 – 1:18 pm
and another way to look at Investor Margin Debt…http://seekingalpha.com/article/2028401-the-margin-debt-indicator-busting-the-myth-of-an-overleveraged-america
jakef1111
February 19, 2014 – 1:33 pm
@Lu: i wish i kept my aapl puts i bought when it was at 550 i covered this am before things got slippery just because i can see it at 600 soon… Nevertheless i still have my hedges uvxy is up and i have some other puts
lfnunnally
February 19, 2014 – 1:39 pm
Anyone buying AAPL here?
eryba1
February 19, 2014 – 1:41 pm
@jahmon: I never owned any ohrp
eryba1
February 19, 2014 – 1:41 pm
Just got back, I see this- Comments from the IMF about uneven global growth and risk to the downside are giving market players a convenient excuse for some profit-taking. In addition, Fed dove Lockhart is sounding a bit hawkish, as he anticipates that tapering will continue and interest rate hikes will commence in the second half of 2015.
eryba1
February 19, 2014 – 1:43 pm
@lfnunnally: Let the markets come in a bit, we have had 8 straight up days S&P 1735 to 1847 today 113 points 7% stocks 10-30% runs higher, Better time to trim the past few days than add just yet
lfnunnally
February 19, 2014 – 1:43 pm
@eryba1: OK, thanks. Same goes for AMZN?
eryba1
February 19, 2014 – 1:48 pm
@lfnunnally: everything, Lets see if amazn retest 535 are and finds support depends what market may be doing at the time. now is a time to sell vs buy
Cody
February 19, 2014 – 1:59 pm
Let’s do this week’s Live Q&A Chat right now at http://tradingwithcody.com/chat.
jakef1111
February 19, 2014 – 3:56 pm
Holy moly uvxy right on time
eryba1
February 19, 2014 – 5:14 pm
FB down about 5% A/H – Facebook to acquire WhatsApp for about $16 Billion http://www.cnbc.com/id/101408460
jahmon
February 19, 2014 – 5:35 pm
I don’t even remember the last time that a hedge actually worked…
eryba1
February 19, 2014 – 8:48 pm
Why FB bought whatsapp-http://www.wired.com/business/2014/02/facebook-whatsapp/
