Subscriber Chat Room Archive (July 15th-July 24th)
Here’s the past 2 weeks discussion from the TradingWithCody.com Subscriber Chat Room.
RichardG
July 15, 2013 – 2:13 pm
TWM deserves a long starter today
TL15
July 15, 2013 – 2:17 pm
@Cody, if you could only scale into ONE long position today, which one would you choose?
jahmon
July 15, 2013 – 2:18 pm
I think he chose SNDK
RichardG
July 15, 2013 – 2:22 pm
SNDK looks good. the indexes should not be bought up here, imho. we are at extremes
RichardG
July 15, 2013 – 2:23 pm
this is frightening
RichardG
July 15, 2013 – 2:27 pm
and wreckless
RichardG
July 15, 2013 – 2:31 pm
XLU, XLK, XLF lets get real
RichardG
July 15, 2013 – 2:32 pm
throw in XLV
RichardG
July 15, 2013 – 2:42 pm
volume today is a big YIKES
msamuels2000
July 15, 2013 – 3:06 pm
BBRY already cutting Z10 phone to $49…this ship is going to sink again and I can’t see anyone acquiring the shell above $4/share. I predict it never hits double digits again.
RichardG
July 15, 2013 – 3:24 pm
QQQ working on the lowest volume day of the year now thats exciting
RichardG
July 15, 2013 – 4:08 pm
anyone out there
msamuels2000
July 15, 2013 – 4:15 pm
XONE hit with a downgrade…not wishing any bad mojo but I’ve yet to scale into XONE so perhaps a buy opportunity is approaching
eryba1
July 15, 2013 – 4:26 pm
@RichardG: Once again Richard time to trim some and today cody with an alert to do so again
eryba1
July 16, 2013 – 7:19 am
GM- yesterday Bill Gross Tweets yesterday he believes the fed will keep rates at these low rates until 2016. He states that 15 of the fed’s 19 policy makes in June had not expected to start raising rates until 2015 or later. Now we know things are fluid and the market can react to its own beat and rates can rise on the 10 and 30yr bonds as we had seen in the past 2 months. rates on the 10 yr were 1.6 on May 2nd and then rocketed to 2.6 on June 25th. So the markets move to their own beat at times on other rates. My point is Cody has often referenced targets for his holdings that safe to say are multiples of times the stocks value today.
eryba1
July 16, 2013 – 7:30 am
I had asked Cody how this is attainable and he succinctly responded that stocks move much higher as the fed begins to tighten and he is looking for just that scenario as was the case in mid-1998 until March 2000. Taking into light the Fed’s recent after hours comments that have taken as Richard points out the naz is now up 14 straight up days and another V shaped recovery from S&P 1570 to 1682. If Bill Gross is right, If Bernanke (perhaps soon to be replaced as of Jan 2014?) will keep rates low we could have an outsized length of upside as a result.
eryba1
July 16, 2013 – 7:30 am
If indeed Stocks wont get their real JUICE on until rates start to move higher ( From 1998-2000 rates on a money market acct went from 2-6%) we could have the tech bubble truly inflate to reach the targets Cody has mentioned Example FB 80-100. Amazon 2-3 X its stock value today, AAPL 750-1000, Goog 2K, ZNGA/LNKD/ and 1 other Cody had referenced was a possible 10 bagger. SNDK triple digits. Gold to be 2000+
eryba1
July 16, 2013 – 7:33 am
In the interim I hope all have been trimming along with cody as we watch the next direction of this market. Does it consolidate up here? trade in a tight range? profit taking emerge as earnings get announced? Lets stay tuned
eryba1
July 16, 2013 – 8:11 am
A while back I wrote an article for TWC detailing why I thought FB was the better platform on many fronts and a small portion was devoted to why FB was much better relative to twitter. Today a NYT article stating the drawbacks of Twitter. BTW- last night I once again sent another Starbucks digital gift to a Friend whose B day was alerted to me by FB. A very Fun, friendly, social digital gift to a great tasting product they can redeem off their phone. I have now sent a few of these and each recipient LOVED the gesture and the product.
eryba1
July 16, 2013 – 8:11 am
http://www.nytimes.com/2013/07/16/opinion/nocera-a-case-against-twitter.html?smid=tw-share&_r=0
RichardG
July 16, 2013 – 10:16 am
sitting back watching this unfold
RichardG
July 16, 2013 – 10:17 am
can you say irrational exuburance
RichardG
July 16, 2013 – 10:18 am
i heard that somewhere before
eryba1
July 16, 2013 – 10:19 am
@RichardG: – Its never wise to fight the trend in this case ride it to the bank and sell the gains
Cody
July 16, 2013 – 10:20 am
Good morning. Let’s rock n roll today.
RichardG
July 16, 2013 – 10:20 am
not fighting it just not buying it
eryba1
July 16, 2013 – 10:21 am
@RichardG: you seem to be on the wrong side of things here- If U arent pleased with the upside we have had for 14 days in a row sell some, if you never bought into it wait it out
rkumar
July 16, 2013 – 10:23 am
what do u think of bidu deal??
RichardG
July 16, 2013 – 10:23 am
guess im not the mo mo guy that most are
RichardG
July 16, 2013 – 10:23 am
im fine with that
Cody
July 16, 2013 – 10:24 am
@rkumar: BIDU’s buying a huge wireless app download site company is brilliant.
eryba1
July 16, 2013 – 10:24 am
@RichardG: no mo mo or other needed.
eryba1
July 16, 2013 – 10:26 am
Just realizing the trade has been to buy dips and sell rips, good individual charts and the like in many of cody’s picks. Once thats realized vs fighting it it opens a new perspective on things. You seem to have been fighting the uptrend for 7 of the 14 straight up days. A healthy market will consolidate, pullback and as we enter earnings that may happen. But to fight this strength vs profit from it is counter productive
jahmon
July 16, 2013 – 10:30 am
Cody, you ever look at Xilinx or Altera? I know Cramer likes Xilinx over Intel. Also should benefit from telcom spending? Hitting all time high so hard to buy though…
Cody
July 16, 2013 – 10:32 am
@jahmon: XLNX taking marketshare from ALTR and others according to analysts I trust. I like INTC longer term better than any other semiconductor stock right now probably.
jahmon
July 16, 2013 – 10:33 am
Thanks Cody.
aheckel
July 16, 2013 – 10:41 am
Cody, What are your thoughts on the miners and silver. The miners are up on Rio Tinto today. Is this the future/
jahmon
July 16, 2013 – 11:00 am
How’s the book coming with the other 7 ten baggers coming, Cody?
Cody
July 16, 2013 – 11:04 am
@aheckel: I think the miners have been bashed and priced for many to go bankruptcy. I’d rather be long than short miners right now, but I’m not sure Rio Tinto is indicative of anything big.
TommyW
July 16, 2013 – 11:09 am
Speaking of that, does anyone know where/if Cody touched on why he changed his mind on DDD? When I sold the stock a while back it was because of the “shady financials” that Cody talked about. Just curious what/where the change came from to make him want to buy in again. Or Cody if you’re still here, care to comment?
TommyW
July 16, 2013 – 11:15 am
I imagine there is an archived article, just haven’t been able to find it, hoping someone knows. Thanks in advance.
jahmon
July 16, 2013 – 11:34 am
@TommyW I think it happened in a weekly chat. Said he was going to create a 3D Printing bucket of approximately 1% allocated for each of the three main players. He has since revised with a higher weighting for XONE and SSYS.
eryba1
July 16, 2013 – 11:35 am
@jahmon: correct.
RichardG
July 16, 2013 – 11:44 am
TWM working nicely
RichardG
July 16, 2013 – 11:49 am
as per thursday, i started shorts in BGG and RGEN. i was early but left room for adds, which i did friday and yesterday on green. just covered most here for nice. its the process
RichardG
July 16, 2013 – 11:56 am
just covered rest of RGEN. could be early but locking in gain. buy low, short high
msamuels2000
July 16, 2013 – 11:57 am
Son of a gun – I just sold 2/3 of my BIDU position last week because I had too much. Was range-bound 90-95 so I sold covered calls that barely hit Friday and were called away.
RichardG
July 16, 2013 – 11:59 am
RGEN boom
RichardG
July 16, 2013 – 12:00 pm
off the screen now. moving on
RichardG
July 16, 2013 – 12:06 pm
Oil up .40 at pump here in pittsburgh in a week
RichardG
July 16, 2013 – 12:06 pm
dont like that for consumer growth
eryba1
July 16, 2013 – 12:24 pm
@RichardG: lots of dip buyers lurking. I am looking at XONE- never bot into it with cody hit 71.5 now back to 57.6
arnold
July 16, 2013 – 12:30 pm
Cody, do you think you might get back into Baidu?
RichardG
July 16, 2013 – 12:53 pm
stalking AAPL dark side up here. its close will watch. not sustainable more than a day or 2 more
RichardG
July 16, 2013 – 12:56 pm
i believe XONE can be bought cheaper. my process says wait for extreme. not there yet
eryba1
July 16, 2013 – 12:56 pm
@RichardG: ? stalking? u wanted to see it close above 424 that would potentially show further upside now 1% higher and U r looking to short it? not sure I understand the logic. Either way stock has been in a range 400-450 for a while now
eryba1
July 16, 2013 – 12:56 pm
@RichardG: xone- extremes yes closer to 48-50 perhaps, Im in no rush
RichardG
July 16, 2013 – 12:57 pm
AAPL hit over 430 once it cleared 424. profits were in order. it is now getting very extreme
RichardG
July 16, 2013 – 12:58 pm
price is a non factor in my process
eryba1
July 16, 2013 – 12:59 pm
@RichardG: extreme? on your technicals I assume? I dont see it not on RSI or other 424 to 430 that 5 pt advance made it extreme? care to elaborate?
eryba1
July 16, 2013 – 12:59 pm
6 pt move, type o
RichardG
July 16, 2013 – 1:00 pm
in short time, i believe it will become more clear. will not be able to share my precise method.
eryba1
July 16, 2013 – 1:01 pm
@RichardG: ok so extreme, these are shirt term ideas?
RichardG
July 16, 2013 – 1:01 pm
yes, from intra day trade to 4 days out
eryba1
July 16, 2013 – 1:02 pm
@RichardG: ok
RichardG
July 16, 2013 – 1:02 pm
more swing trades
RichardG
July 16, 2013 – 1:03 pm
i am not sure of the make up of the trader in this room. this may feel a niche
RichardG
July 16, 2013 – 1:14 pm
careful with FB long
RichardG
July 16, 2013 – 1:18 pm
TWM long yesterday was on. add red this morning. holding
RichardG
July 16, 2013 – 1:20 pm
biggest threat to the market now is Ben, imho. he controls $ and Oil
eryba1
July 16, 2013 – 1:23 pm
@RichardG: at this point stocks need healthy breather, they have run up a lot into earnings coming this week for our holdings. So any stock can pullback / consolidate
eryba1
July 16, 2013 – 1:23 pm
@ebdavids: chats on wednesday
ebdavids
July 16, 2013 – 1:24 pm
Right you are! Brain freeze! Oy! Anyway, what IS that address?
ebdavids
July 16, 2013 – 1:24 pm
Thanks.
eryba1
July 16, 2013 – 1:25 pm
@RichardG: BEN is IMHO on the side of stocks and markets. I think he did that 2 weeks ago or so after hours and will confirm such. I posted early this morning on what bill gross mentioned and some data on fed governors
eryba1
July 16, 2013 – 1:26 pm
@ebdavids: http://tradingwithcody.com/chat/
ebdavids
July 16, 2013 – 1:30 pm
@eryba1: thanks — that one I know; i meant an address to send in a Q ahead of time. guess I’ll use the general contact fill-in-the-form address. appreciate your help. especially with my memory!
eryba1
July 16, 2013 – 1:33 pm
TSLA& XONE getting rocked today but that what happens when profit taking comes after extreme upside moves
doug.sekula
July 16, 2013 – 1:33 pm
Now making $ on my TVIX that I bought at 15 JUL low’s!! Now thinking where to put that gain to work for me??? When to get out is the $50K question????
eryba1
July 16, 2013 – 1:34 pm
@doug.sekula: in stages so u dont have to bet it all at one price point
doug.sekula
July 16, 2013 – 1:35 pm
@eryba1: Exactly!!!
RichardG
July 16, 2013 – 1:42 pm
UBNT check out the short ratio throwing in the towel there lol
RichardG
July 16, 2013 – 1:43 pm
just in time to go short
rkumar
July 16, 2013 – 1:43 pm
the next iphone will have nfcc capabilities—whats the best way to play nfc–brcm and nxpi??
jahmon
July 16, 2013 – 1:43 pm
Sold XONE at $66.50 for a 45% profit…had to take that when it was right in front of me
eryba1
July 16, 2013 – 1:45 pm
@jahmon: great move!! now it would take a near 20% rise to get back there today alone down 13-14%
ebdavids
July 16, 2013 – 1:46 pm
@rkumar: nfcc?
ebdavids
July 16, 2013 – 1:46 pm
And do you mea the 5s or the 6?
RichardG
July 16, 2013 – 1:50 pm
will give UBNT tomorrow and watch
rkumar
July 16, 2013 – 1:50 pm
nfc–near field communications
RichardG
July 16, 2013 – 2:00 pm
AAPL running again. 440 could be in order, but not playing this move now. to edge up here for me
RichardG
July 16, 2013 – 2:00 pm
no edge
eryba1
July 16, 2013 – 2:39 pm
Even though TSLA has become a cult stock Goldman has slapped an $84 dollar stock price on it down 15% today at 108
RichardG
July 16, 2013 – 2:43 pm
edge on AAPL will be to the short side. ill give it another day then see
RichardG
July 16, 2013 – 2:45 pm
UBNT are you kiddin me
RichardG
July 16, 2013 – 2:45 pm
couldnt give me until tomorrow? lol
RichardG
July 16, 2013 – 3:04 pm
anyone notice the $ today
eryba1
July 16, 2013 – 3:07 pm
@RichardG: Euro Up, 10 and 30 yr yields down, vix up, 4-5$ market pullback on light volume so far dollar down
RichardG
July 16, 2013 – 3:10 pm
milking FB for everything they got
RichardG
July 16, 2013 – 3:16 pm
out of rest of BGG short. boring
RichardG
July 16, 2013 – 3:17 pm
AAPL the inverse etf today. lol
eryba1
July 16, 2013 – 3:18 pm
richard U seem to like or act on the VERY short term stuff is that the case?
subu
July 16, 2013 – 3:18 pm
i remember cody trimming some GOOG calls earlier. Could anyone please tell me the strike price and date? thanks!
msamuels2000
July 16, 2013 – 3:18 pm
I’m liking the GDX calls…still thinking there is room to run
RichardG
July 16, 2013 – 3:19 pm
again, short term can be anywhere from intra day to 3 days. thats my process
eryba1
July 16, 2013 – 3:19 pm
@msamuels2000: Im still holding my GLD I bot under 120
RichardG
July 16, 2013 – 3:19 pm
I like to term it, New Wall Street vs. Old Wall Street. there is room for both
eryba1
July 16, 2013 – 3:19 pm
@RichardG: Ok so quick flips for the most part
RichardG
July 16, 2013 – 3:20 pm
yes, fundamentals not an issue here
eryba1
July 16, 2013 – 3:21 pm
@RichardG: very clear now
RichardG
July 16, 2013 – 3:21 pm
UBNT now red. was .38 higher when i mentioned for a short. i did not act. but if i did, i would have flipped it
RichardG
July 16, 2013 – 3:23 pm
as you know, this market has been very extreme to me. i could not find any longs that met my process
RichardG
July 16, 2013 – 3:24 pm
ok, enough blabbering from me. stay tuned
msamuels2000
July 16, 2013 – 3:28 pm
XIDEQ flirting with .15. I’m letting it ride a bit longer. It was 75% institutional held so perhaps they were selling it off their books into the quarter end to allow shorts to cover with no upward pressure. one more week.
fled
July 16, 2013 – 3:47 pm
JNPR going into earnings? Tempted to step aside/up 20%. Any thoughts?
eryba1
July 16, 2013 – 5:06 pm
@fled: at this point the stock has gone up from 15.4 low to 20.5 why would u chase here. If u have some and did not sell maybe an opportunity into earnings. if it falls from profit taking u can add, if it soars higher U still have some
vmontes
July 17, 2013 – 8:56 am
Is anyone also thinking about buying DIA puts?
Strange-Currencies
July 17, 2013 – 9:09 am
Bought some ES puts yesterday, expiring in August.
eryba1
July 17, 2013 – 9:10 am
@vmontes: lets see what earnings brings out- YESTerday Yahoo down 3-4% A/H after it reported earnings and this morning thats looking to be all reversed and now UP 2% = 5-6% swing already.
vmontes
July 17, 2013 – 9:12 am
Yes I agree, I just listed to this video which is indicating Ben is going to sway the markets to the upside today http://finance.yahoo.com/blogs/breakout/bernanke-wildcard-bipolar-ben-keeps-markets-edge-121737494.html
eryba1
July 17, 2013 – 9:14 am
@vmontes: he speaks at 10 already notes / summary of his testimony were reported. So lets see what the markets want to go.
vmontes
July 17, 2013 – 9:14 am
sounds like a plan!
eryba1
July 17, 2013 – 9:14 am
gold up a bit, bond yields down 2% already
rkumar
July 17, 2013 – 10:00 am
anyone know why glw brcm down big??
RichardG
July 17, 2013 – 10:49 am
shave Ben’s beard and get him out of our lives
RichardG
July 17, 2013 – 11:54 am
starting UBNT dark with room to add
eryba1
July 17, 2013 – 11:58 am
@RichardG: what would U go long if anything here? never bot XONE yesterday after its 14% decline it and TSLA are bouncing back nicely for now
eryba1
July 17, 2013 – 12:02 pm
cien is ramping yet again
eryba1
July 17, 2013 – 12:03 pm
Ciena (CIEN): William Blair begins the tech stock at Outperform.
rkumar
July 17, 2013 – 12:31 pm
intc what earnings r we expecting otnight??
eryba1
July 17, 2013 – 12:33 pm
@rkumar: got codys alert with earnings calender dates eps and the line?
eryba1
July 17, 2013 – 12:33 pm
@rkumar: Intel INTC July 17th REV estimates $12.89B EPS $0.39
eryba1
July 17, 2013 – 12:36 pm
did i guys see yahoo? up near 9% today breakout price volume
eryba1
July 17, 2013 – 12:38 pm
from a wise investor: if Yahoo is doing well, I think of Facebook (F
— which has lots of ways to monetize that Yahoo doesn’t, and with a much bigger audience. The second is that Google (GOOG) must be doing spectacularly, because the pie is growing still, and Google is gaining share and doing a lot of things away from advertising that are incredibly impressive. To put it simply, what’s good for Yahoo is good for
eryba1
July 17, 2013 – 12:41 pm
this may also bode well for AAPL as it has recently strengthened its relationship with yahoo
Rhykor
July 17, 2013 – 1:11 pm
Any thoughts on any of the old portfolio names and ideas from years past that report tonight and tomorrow: EBAY, CY, XLNX
eryba1
July 17, 2013 – 1:12 pm
@Rhykor: ebay has had a nice run since 51. never followed xlnx or cy
eryba1
July 17, 2013 – 1:13 pm
@Rhykor: our own names from LNKD, CIEN,FB amzn,goog are acting better or great on a stock by stock basis
Cody
July 17, 2013 – 1:50 pm
Come meet me for this week’s Live Q&A Chat at 2pm EST at http://tradingwithcody.com/chat
RichardG
July 17, 2013 – 2:00 pm
have nothing of interest that i would go long here. i have no edge on the long side. i look for extreme’s and they are all showing on the short side. so i wait for the long setups
RichardG
July 17, 2013 – 2:01 pm
in other words, i let the bulls play
RichardG
July 17, 2013 – 3:08 pm
a long high on watch RH
RichardG
July 17, 2013 – 3:09 pm
oversold here but not yet extreme. could be bought but leave room to add
RichardG
July 17, 2013 – 3:10 pm
im waiting
eryba1
July 17, 2013 – 3:21 pm
tonight we get INTC and SNDK lets see their #’s guidance and markets reaction. Seeing yahoos #’s and reaction A/H vs todays response in spades lets not be too quick to act and 400% more upside vol than avg
jahmon
July 17, 2013 – 4:24 pm
Looks like sandisk crushed
eryba1
July 17, 2013 – 4:24 pm
@jahmon: crushed earnings? I dont see it myself
eryba1
July 17, 2013 – 4:25 pm
ok see it now
jahmon
July 17, 2013 – 4:25 pm
1.06. Eps estimated .93
jahmon
July 17, 2013 – 4:26 pm
jahmon
July 17, 2013 – 4:28 pm
Ha. On mobile. Sorry wrong link. Corrected http://www.marketwatch.com/story/sandisk-posts-higher-sales-profit-2013-07-17
eryba1
July 17, 2013 – 4:29 pm
@jahmon: I recall seeing such #’s before and this article confirms it again. amazing #’s now lets see how earnings look when put all together. sndk looks good
eryba1
July 17, 2013 – 4:31 pm
intc ceo on CNBC- saying they won first tablet order from samsung
eryba1
July 17, 2013 – 4:35 pm
intc CFO not ceo
eryba1
July 17, 2013 – 5:34 pm
from sandisk CEO: Quoting Management: “We delivered record second quarter results driven by increasing momentum across our business. We achieved solid revenue growth in our embedded solutions portfolio with many design wins ramping into production,” said Sanjay Mehrotra, president and chief executive officer of SanDisk. “We are excited about our pending acquisition of SMART Storage Systems, as it accelerates our growth in enterprise storage. The growth drivers of our business are vibrant and SanDisk is poised for further gains.”
jahmon
July 17, 2013 – 5:38 pm
Well right on!
gpo344
July 17, 2013 – 8:03 pm
How were intc’s earnings? It appears to be disappointing as they usually are with them.
eryba1
July 18, 2013 – 8:03 am
Sandisk estimates, target boosted at Lazard JUL 18, 2013 | 7:44 AM EDT Shares of SNDK now seen reaching $75, according to Lazard Capital Markets. Estimates also increased, given the company’s new guidance. Buy rating.
eryba1
July 18, 2013 – 8:22 am
SanDisk downgraded at Morgan Stanley JUL 18, 2013 | 8:07 AM EDT Shares of SDNK were downgraded to Equal Weight despite improved valuation and a new $66 price target, Morgan Stanley said. SDNK had a strong quarter and margin growth should continue, but the stock currently trades at a premium
eryba1
July 18, 2013 – 9:29 am
SanDisk numbers raised at UBS JUL 18, 2013 | 8:03 AM EDT SNDK earnings estimates were raised as mobile and microSD card growth continue to drive upside, said UBS. Price target goes to $69.
eryba1
July 18, 2013 – 9:45 am
once again hardware sales are being killed because of the cloud ala IBM hardware sales down 12% software sales up 4% the transition to the cloud is taking hold. sndk loosing almost all its post earnings gains so far
eryba1
July 18, 2013 – 10:09 am
bot some ebay today on this 7% decline
eryba1
July 18, 2013 – 11:13 am
anyone doing any trimming buying etc?
eryba1
July 18, 2013 – 11:14 am
I am looking to lighten up on some things like CIEN. Would be nice to see SNDK back at its A/H % gain as the good news was sold hard
eryba1
July 18, 2013 – 11:54 am
following codys theme I am locking in gains by trimming some positions its been a great MONTH so far and want to take profits
jahmon
July 18, 2013 – 11:54 am
I’m holding tight for now, have done quite a bit of trimming already. Would love Cody’s take on INTC and SNDK earnings.
sudesh
July 18, 2013 – 11:54 am
@eryba1: …me too locking in some profits.
eryba1
July 18, 2013 – 11:56 am
@sudesh: feels right. Cody on yesterdays chat was saying perhaps 10% correction after earnings, Things have gone up day after day just wise to use his timing theme and trim some more
sudesh
July 18, 2013 – 11:57 am
So i trimmed a lot…cien, jnj, brk, nke, sndk
jahmon
July 18, 2013 – 11:57 am
You guys trimming down to lower than a 5% position in your favorite stocks?
sudesh
July 18, 2013 – 11:58 am
A buying first time gold and silver coins bars..trying to imagine hiw they will come into play!
eryba1
July 18, 2013 – 12:00 pm
@jahmon: less than 5% left in each position you are asking? if thats the case no not selling 95% of my position in each holding
sudesh
July 18, 2013 – 12:01 pm
Going to be delivered to my home here in mass …maybe bury them in a treasure chest on the land..
jahmon
July 18, 2013 – 12:02 pm
@eryba1 More the question is are you selling down to holding less than 5% of our total portfolio in your favorite stocks? I’m fairly diversified at present, holding between 1% and 9% of total portfolio in individual stocks. I’m hesitant to sell the stocks that I really like and have say 7% in down lower than 5% of the portfolio as I think they are long term winners via Cody logic
eryba1
July 18, 2013 – 12:03 pm
@jahmon: no just trimming again in names that have RUn a lot like LNKD, CIEN,AMZN,GOOG
jahmon
July 18, 2013 – 12:03 pm
I’m down to 5% in CIEN and hard for me to sell more.
sudesh
July 18, 2013 – 12:04 pm
@eryba1: i have lost so so much money trading with cody, but i am more selective now..no more gorilla glass trades!
eryba1
July 18, 2013 – 12:04 pm
@jahmon: I like what I have but as market gets further overbought just wise to trim even if we are looking at a stock by stock basis
sudesh
July 18, 2013 – 12:04 pm
I like his shorts minus the bank stocks
sudesh
July 18, 2013 – 12:05 pm
@eryba1: so i have a question…
eryba1
July 18, 2013 – 12:05 pm
@sudesh: yes banks not yet ready yet to short as markets still loving those names and as they are telling us when if interets rates rise as FED starts to tighten they can make even more $$
sudesh
July 18, 2013 – 12:06 pm
these bank stocks are coming out with big earnings soooooo…..this is confusing ..what is going on?
eryba1
July 18, 2013 – 12:07 pm
@sudesh: going on?
jahmon
July 18, 2013 – 12:07 pm
Yeah…I sold all my LNKD @200 and XONE for 45%. Big question for me is JNPR. I hold 6.65% of my portfolio in it and i’m up about 25%..I even trimmed about 2% last week…I think earnings should be good so hard to trim more..
eryba1
July 18, 2013 – 12:08 pm
@jahmon: again just trimming cant time tops or bottoms if u sell all first for me at least if I wnat back in I buy too early so I always leave some to not have to WANt to get back in too soon
sudesh
July 18, 2013 – 12:08 pm
So how is it that cody s shorting the morgans and they continue to rise?
eryba1
July 18, 2013 – 12:09 pm
@sudesh: I am not shorting the banks I was long BAC for some time and with earnings recently its too early IMHO
jahmon
July 18, 2013 – 12:09 pm
@sudesh My personal opinion is that Cody is usually on to something but seems to be really/too early at times…
sudesh
July 18, 2013 – 12:10 pm
@jahmon: i am feeling this too…the timing is off. OFF. So i need to adjust what he presents
sudesh
July 18, 2013 – 12:11 pm
i continue..because i burned myself in 2000 and s
eryba1
July 18, 2013 – 12:12 pm
@sudesh: thats why u do things in stages on way down if U buy or U wait for the turn and buy strength U MUST I REPEAT MUST find a style that works for your acct, mind set, personality, time frame etc
eryba1
July 18, 2013 – 12:13 pm
@jahmon: u can pick any stock and say cody was OFF he’s not going to be 100% rt, his shorts on IBM , DG,DLTR APOL were beautiful
eryba1
July 18, 2013 – 12:14 pm
His LONGS on a few others were BAD, but for most part I think U need to develop your own sense, timing, $ of buys, when to buy etc and use cody for the stocks and reasons to buy then mix in your own style of when how much why for how long etc
jahmon
July 18, 2013 – 12:18 pm
Yep. Makes sense.
eryba1
July 18, 2013 – 12:19 pm
vix down to 13 handle from 20 handle qqq rose from 69.6 to 75.6 today in a straight line, We can consolidate, pullback etc especially with the run into earnings. Even if earnings are good if U run into them agreat deal its a great reason to lock in profits so on a stock by stock basis time to trim for me
eryba1
July 18, 2013 – 12:22 pm
lnkd trying to break out earnings AUG a long ways away
eryba1
July 18, 2013 – 12:34 pm
@jahmon: this is why I dont like selling all unless some strange reason stock has gone parabolic other lnkd in now seems to want to breakout weeks from earnings and no need to chase if U R all out need to move on unless pulls back
eryba1
July 18, 2013 – 12:43 pm
codys recent picks ccc , ff, XONE, lnkd and other older cien, sndk,amzn have done VERY WELL. Transports breakout out, dow as well lots of short squeezes I am hearing, a healthy consolidation would be great thus I am trimming with vix at 13 again and overbought market if we close at these levels today
jahmon
July 18, 2013 – 12:48 pm
I didn’t have that much of it and pulled a nice big gain. I have trepidations with that stock anyway so i took my profit and if it crashes again will consider re-loading.
eryba1
July 18, 2013 – 12:50 pm
@jahmon: sounds like a plan and i know what u mean was at 201 a while back fell to 165
RichardG
July 18, 2013 – 1:10 pm
howdy folks
eryba1
July 18, 2013 – 1:56 pm
oil (uso) is becoming parabolic as well but as usual can still go higher
eryba1
July 18, 2013 – 2:35 pm
very strong action in LNKD breakout on volume as well, sndk 4% nice, amazon holding in gogo as well. goog reports tonight, amzn on monday
eryba1
July 18, 2013 – 4:07 pm
goog misses down 5.5% and msft also missed down 3.4%. Either way glad I trimmed and have fresh ammo to add at lower prices. we know the summer months are the weakest for tech and Q4 is the strongest. Lets see what tom brings and how Conf calls go
jahmon
July 19, 2013 – 11:15 am
Anyone consider adding to AAPL here before earnings?
eryba1
July 19, 2013 – 1:03 pm
@jahmon: Since I trimmed quite a few things yesterday lets give it some time. I do want to add back and then some of all that I trimmed but at lower prices hopefully. lets watch for our pitches. lets see if QQQ finds support at 50 day avg which is at 73 so 2% lower. Then again lets look at individual names amzn reports monday, sndk doing fine, same for cien.
eryba1
July 19, 2013 – 1:17 pm
@jahmon: also not liking in a down market even if for small % liek decline the VIX is down 5.5% vs up a bit.
eryba1
July 19, 2013 – 1:32 pm
msft 12% decline is HUGE- is this out with the OLD 4 horsemen INTC, MSFT,ORCL, DELL all are to be DOA?
jahmon
July 19, 2013 – 1:43 pm
I like it, Elad
jahmon
July 19, 2013 – 1:43 pm
Although Cody is still in with one of the horsemen
eryba1
July 19, 2013 – 2:04 pm
@jahmon: yes still believes in INTC loves their div and looking for design wins like the new samsung tablet one
skimdt
July 19, 2013 – 3:08 pm
Cody, how did you buy sandisk at 40 if it hasn’t been below 40 for a long time?
eryba1
July 19, 2013 – 3:09 pm
@skimdt: saw that too, unless options or other looks like a type o
eryba1
July 19, 2013 – 4:00 pm
it was a great week hope you guys trimmed some. Next week we enter earnings from FB amzn aapl . 3 Biggies. Do something fun this weekend.
jahmon
July 19, 2013 – 4:13 pm
typo on sndk…his options were bought at 40 but his common at around $61.30 or so
jahmon
July 19, 2013 – 9:12 pm
Hot times in the hot tub, Elad…
eryba1
July 21, 2013 – 1:57 pm
@jahmon: on the east coast cool times in a friends pool this weekend beats the 108 feel like temp outside.
aheckel
July 22, 2013 – 10:13 am
Cody … How much longer do you think the GDX can run? You listed it as a short term flip weeks ago. Should I trim or take profit here?
jahmon
July 22, 2013 – 10:31 am
@Elad…yep…a tale of two cities…62 in San Francisco…
jahmon
July 22, 2013 – 10:36 am
Thoughts on JNPR downgrade? I’m sitting on 21% profits even after the 3% pullback. I imagine Cody is simply going to hold through earnings.
eryba1
July 22, 2013 – 1:46 pm
@jahmon: ran from 15.5 to 21.5 a 40% run so giving some back. need earnings to be the next catalyst
eryba1
July 22, 2013 – 1:47 pm
gold up near $40 bucks heck of a move GLD bumping up against its 50 day moving avg 128.95 can it break higher?
msamuels2000
July 22, 2013 – 6:02 pm
Dumped my GDX for a nice double+…Prob rolling it into some GDX common if there is a little pull back. I’m thinking gold in the ground is a safer bet than paper promises of gold in the bank vault.
eryba1
July 23, 2013 – 9:34 am
On codys earning sheet amazon was mentioned to report yesterday its actually July 25th this thur.
eryba1
July 23, 2013 – 9:55 am
vix 12, too low, looking for that cody pullback to emerge
vmontes
July 23, 2013 – 10:53 am
Anyone have any thought on NUANCE going into earnings?
eryba1
July 23, 2013 – 10:54 am
@vmontes: A POSITION we had owned some time ago but no longer follow or watch personally
vmontes
July 23, 2013 – 10:57 am
Thanks eryba1
eryba1
July 23, 2013 – 10:58 am
NP- lets watch gold here can it break above 50 day moving avg with strength and volume? GDX up 1% GLD trying to go green as resistance 50 day avg
eryba1
July 23, 2013 – 11:23 am
This morning a number of technicians calling for a market top. **** Arms, Jeff Saut and John Hussman, for example, are all extremely bearish. Of course, contrarians like Doug Kass have been betting against this market for a while, but even some momentum players are turning a bit more cautious..
hc2002
July 23, 2013 – 11:31 am
@eryba1: Where do you see Kass’ opinions? He tweeted for a while and bowed out because he could not handle the haters.
eryba1
July 23, 2013 – 11:32 am
@hc2002: on another service i subscribe to.
eryba1
July 23, 2013 – 12:22 pm
Ok taking codys cue in his e-mail today and adding more gold exposure
gpo344
July 23, 2013 – 1:11 pm
Best guess on apple’ earnings? Will it trade higher or lower? Will cash be higher?
eryba1
July 23, 2013 – 1:13 pm
@gpo344: usually weak quarter, no new products yet. This is a product specific story wo with buyback in place as of last qtr raised div. lots of BAD news being priced in.
nrmeshram
July 23, 2013 – 2:09 pm
What do you think of JNPR guys ?
eryba1
July 23, 2013 – 2:10 pm
@nrmeshram: its a had a great run up from 15.5 to 21.5 unless earnings are unreal with upped guidance it can easily pullback
eryba1
July 23, 2013 – 2:24 pm
gold percolating here trying on the GLD to rise above resistance on its 200 day moving avg
nrmeshram
July 23, 2013 – 2:25 pm
VMW Long trade. TGT $80. SL $70.
fled
July 23, 2013 – 2:59 pm
To trim or not on JNPR? Up 25%~~thoughts on earnings? I know Cody is holding through earnings
eryba1
July 23, 2013 – 2:59 pm
@fled: yes cody is holding- but this 25% up on what sized position is up to you, its up to each of us on each position and out allocated funds into that position.
eryba1
July 23, 2013 – 3:00 pm
thats and OUR allocated funds into that position
eryba1
July 23, 2013 – 3:01 pm
@fled: stock is overbought on RSI but earnings guidance and CC will truly tell where the stock is headed.
fled
July 23, 2013 – 3:04 pm
thanks for input, going to trim half as it is outsized position, still have half, and don’t want to be greedy
eryba1
July 23, 2013 – 3:05 pm
no one ever gets hurt taking a profit, U decide if U want to sell some all non. If its outsized then thats a wise decision. It ir RAMPs higher u can always buy back some of look to a diff position to add to. If it pulls back u can add if you so like.
eryba1
July 23, 2013 – 3:07 pm
@fled: stock has run 40% higher from its recent lows of 15.5 so there is always a risk of good #’s being sold
eryba1
July 23, 2013 – 3:09 pm
lets look at GOLD and for me the GLD as a breaking out volume is picking up as well. I added to my GLD today and ebay common as well
fled
July 23, 2013 – 3:16 pm
How about physical silver. I want to add more, don’t want to overpay, coins, 100 oz bars, 1 kilo, price direction?? Any thoughts or ideas? Gets very frustrating, what is the upside you would pay right now speaking of spot. Wait for a pullback is what I am thinking
eryba1
July 23, 2013 – 3:19 pm
@fled: if we read codys all about silver and gold and todays e-mail alert on gold and silver the BOTTOm may have been put in when the GLD hit 116. so a pullback yes always wise but if this is the start of a new uptrend buying when it was falling and basing at 116 were good opportunities. Buying upside and strength is a wiser move then trying to guess downside floor.
MOBYDOC
July 23, 2013 – 4:13 pm
AAPL news ?????
ebdavids
July 23, 2013 – 4:14 pm
@eryba1: Hi. Now that i’ve begun to take another look at my (not large) investments in the gold area (not the real stuff, yet), I realize i don’t know the difference between GLD and GDX. (I have the latter, and am quite ahead.) If, like you, i see positive move ahead, how do iIdecide which offers more potential more GDX or some GLD?? Can you help me here? (Will understand if you say no!)
jahmon
July 23, 2013 – 4:20 pm
Looks like JNPR beat but CEO retiring…down 6%
eryba1
July 23, 2013 – 4:24 pm
@ebdavids: yahoo finance is agre at place to enter symbols and find out a companys vitals. Under profile after U enter the symbol you will see that GDX is an etf to mirror a basket of gold miners. GLD is an ETF that to mirror the movevemt of spot gold.
eryba1
July 23, 2013 – 4:25 pm
@jahmon: stock is wild A/H now just down 2-3% was 6% so far at 2-3% down tame / mild reaction after 40% rise
eryba1
July 23, 2013 – 4:25 pm
@MOBYDOC: aapl is usually 4:30 reporting time EST
MOBYDOC
July 23, 2013 – 4:25 pm
thx.
DK21
July 23, 2013 – 4:33 pm
number is out
hc2002
July 23, 2013 – 4:33 pm
31 million iphones.
DK21
July 23, 2013 – 4:34 pm
iPad number not so good.
DK21
July 23, 2013 – 4:34 pm
*good
msamuels2000
July 23, 2013 – 5:25 pm
up 5% after hours…was hoping for a mild disappointment and a pullback. I feel like it’s time to start rebuilding aapl positions
jahmon
July 23, 2013 – 5:58 pm
I added last week on that same feeling…had oversold and added a bit back.
msamuels2000
July 23, 2013 – 6:11 pm
I can’t believe they just stopped innovating when Jobs left this world. I think can disrupt the TV status quo like they did with music and it’s off to the races again and time to short all the broadcast dinosaurs and satellite providers
gpo344
July 23, 2013 – 6:17 pm
How much stock did aapl buy back?
eryba1
July 24, 2013 – 7:16 am
amazon “king of the jungle” and now king of the cloud?
eryba1
July 24, 2013 – 7:56 am
@msamuels2000: jobs left with ipad and iphone. Its taken quite some time and now we will need to see the NEXT generation of products ITV, Iwatch and other. hologram devices, screen you run your fingers over and FEEL the texture of the item on the screen- lets wait and see.
eryba1
July 24, 2013 – 8:25 am
Juniper numbers raised at Topeka JUL 24, 2013 | 8:03 AM EDT Shares ofJNPR now seen reaching $26.75, according to Topeka Capital. Company appears to be on the path to recovery and offered a solid outlook. Buy rating.
eryba1
July 24, 2013 – 9:51 am
its TOO early to be confirmed but is GOLD and the GLD trying to make a stand here at 1350 and head toward that 1400 target many TA have for it? Lets also watch the possible decline in oil via USO symbol as there has been a strong correlation in the markets rise with oil’s rise.
eryba1
July 24, 2013 – 10:16 am
Adding back to my apple position and ebay in the form of common shares today
eryba1
July 24, 2013 – 10:17 am
is there a BIG W bottom in for APPLE? lets see where this market wants to take apple going into the new product quarters
msamuels2000
July 24, 2013 – 10:24 am
BBRY under 9…look out belowwwwww! Already in with $10 puts looking to add more after AAPL positive earnings
eryba1
July 24, 2013 – 10:26 am
@msamuels2000: something I havent thought of as BBRY goes lower and lower and the risk of it going away as a phone, service users will migrate to the other brands = apple and samsung leaders.
jahmon
July 24, 2013 – 10:27 am
I’m green apple for the first time in what feels like a year…
msamuels2000
July 24, 2013 – 10:28 am
Yea the question will be how soon BBRY can port their server/security ecosystem to support Apple/Android H/W
eryba1
July 24, 2013 – 10:28 am
@jahmon: I can relate its been a long tough slide from 705 to 385. Still need new products to confirm this move higher and get people BELIEVING again with new products to believe in when seen
eryba1
July 24, 2013 – 10:28 am
@msamuels2000: support apple? U mean LIFE support perhaps for BBRY if it SURVIVES was my point.
msamuels2000
July 24, 2013 – 10:30 am
Well there are still a lot of firms that do Govt bus who need the added security of the BBRY server setup. That piece will survive until the others can get approved
msamuels2000
July 24, 2013 – 10:32 am
My company is being acquired by a company with big govt contracts and we will be forced onto the BBRY platform for that reason
eryba1
July 24, 2013 – 10:33 am
@msamuels2000: OK good luck.
msamuels2000
July 24, 2013 – 10:36 am
Proof of AAPLs stickiness – moving us off our iPhones has been one of the most hotly debated transition topics
eryba1
July 24, 2013 – 10:37 am
@msamuels2000: then perhaps the MASS will win over the stubborn BBRY supporters,a good case would be what if it goes out of biz one night not enough consumers usage as all migrating to AAPLE or Samsung.
msamuels2000
July 24, 2013 – 10:42 am
Checking Put prices on BBRY as we speak. Even if the server infrastructure survives it can’t be worth more than $4/share
eryba1
July 24, 2013 – 10:44 am
@msamuels2000: thats right- what u had said earlier consumers are using iphones making their businesses and IT dept switch to iphones it cant be long before there slice of the pie is too small for BBRY to stay afloat. Its like Nokia and motorola they withered away when the iphone took off from day 1
Cody
July 24, 2013 – 1:57 pm
Come meet me for this week’s Live Q&A Chat http://tradingwithcody.com/chat
jahmon
July 24, 2013 – 4:16 pm
Facebook Smashes
eryba1
July 24, 2013 – 4:19 pm
@jahmon: YES!! was just about to write looks quite healthy!!!
eryba1
July 24, 2013 – 4:19 pm
AMZN tomorrow
jahmon
July 24, 2013 – 4:20 pm
BIDU jumped 14% as well
jahmon
July 24, 2013 – 4:20 pm
Great news on FB….I actually bought more today right before earnings
eryba1
July 24, 2013 – 4:50 pm
@jahmon: risky but paid off. I added more apple today after earnings to be sure. look at it for all here as an insurance premium. FB 31.7 Nice $5.20 move higher so far
