Subscriber Chat Room Archive (November 14th – November 20th)
Here is the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
eryba1
November 14, 2013 – 12:09 pm
@dpest: np put it up in segments
dpest
November 14, 2013 – 12:09 pm
will do.
kirank
November 14, 2013 – 12:19 pm
@eryba1 – I didn’t see your response to Nuan before. Thanks!
eryba1
November 14, 2013 – 12:20 pm
@kirank: we used to own it along with cody however that was a name I believe for 2012. The stock chart says it all for now down 35% YTD.
eryba1
November 14, 2013 – 12:21 pm
@kirank: I’m way more interested in Fb ZNGA LNKD AAPL AMZN GOOG XONE FSLR TQNT going into the end of the year.
doug.sekula
November 14, 2013 – 12:21 pm
@eryba1: what to do with all that cash I saved from that CIEN fall! What luck! Wanted to increase exposure in FSLR and FB at these levels??
eryba1
November 14, 2013 – 12:25 pm
@doug.sekula: add to others who have corrected . CREE ZNGA , FSLR a little more of a pullback perhaps, some xone if U have none, LNKD FB is already one of your biggest holdings is it not? Diversify
doug.sekula
November 14, 2013 – 12:25 pm
Missed FB yesterday at the open
eryba1
November 14, 2013 – 12:26 pm
@doug.sekula: so today down 1% or so if its NOT already your largest or one of largest holding add some. I want to see if close ABOVE 48.5.
eryba1
November 14, 2013 – 12:36 pm
@doug.sekula: Lets just put CIEN in the penalty BOX until earnings in a few short weeks. It simply was not acting well when its competitors were reporting their earnings and the markets reaction to them affected cien as it is further today. At the end these are investments and liquid at that we each have to do as we feel about them analyzing many factors that are at times stock related, personal etc etc
dpest
November 14, 2013 – 12:41 pm
Boy oh boy this is lengthy, here goes………….
dpest
November 14, 2013 – 12:43 pm
Figured I would share a few things with you guys, if it helps, great, if not, maybe it will provide a good place to start. Let me lay down some basics about my current situation first so that you understand more. I am currently in the military, and currently deployed. I’m not high ranking at all, but I’ve managed my money well, and to be honest, Cody’s service has helped me sharpen my vision to help me continue doing what I love to do, but not have to worry so much about the future. With that said, I’ll go into more detail about my Bitcoin adventure and where it fits in my investing. I have bought Bitcoins, slowly over the past few months in the ranges of 80-100ish using very little of my money compared to the rest of my portfolio. I bought them as a hedge against future devaluation of
dpest
November 14, 2013 – 12:43 pm
U.S. dollar. I have known for a long time that I should diversify my portfolio as much as possible. When I was younger I thought this meant my stock portfolio, and to buy as many of them as I could. Well, the lesson I learned from that is if you diversify too much, and put too little money into your assets, you’ll get eaten up by fees and taxes. Then it all clicked. Portfolio means the portfolio of your life. Each individual is their own business trying to sell their goods, services, and time to companies. My life’s portfolio includes a crap ton of skills that the military has allowed me to acquire, my retirement (if it’s still around in the future), my stocks in my IRA, my mutual funds in my government 401k program thingy (it’s called a TSP, but that’s more vague than my descrip
Cody
November 14, 2013 – 12:45 pm
@dpest: Yes!
dpest
November 14, 2013 – 12:45 pm
description), my stocks in my regular account, a house or two, precious metals, my education, my current plan to run a business when I get out of the military, and finally a few Bitcoins. Now, Bitcoins were never on my radar until Cody mentioned them in one of his articles. The more I read about them, the more interested I became. The very concept of them was pretty foreign to me. Thankfully I happened to be taking Macro and Microeconomics classes around that time. I understand the concept, have some doubts, but am unwilling to accept the risk of not investing in it. I think that it is the most viable option of a global currency that currently exists. Governments are manipulating their own currencies too much for them to be globally accepted from the government down to local venders.
dpest
November 14, 2013 – 12:47 pm
That part is my opinion, but my opinion doesn’t matter much. I have talked with my dad (he’s a computer programmer) a few times about Bitcoins to see what he thought about them. Basically, he thinks it’s interesting, but doesn’t see how it could work, because it’s not tied to anything of value. I always come back with, neither is the dollar. The dollar used to be tied to the gold standard, now, it’s supply and demand? Just a product that the government prints for us consumers? Bah, back to Bitcoins. I see them as a virtual gold. It’s something that you can store value in that is less likely (my opinion) than the dollar, or other currencies to lose your buying power. I mentioned earlier that I have a few Bitcoins, and explained why. Here is my experience with them.
dpest
November 14, 2013 – 12:48 pm
. I haven’t used them to actually buy anything, because that’s not where they fit into my plan. I have watched them go up quite a bit over the last couple of months and increase my dollar amount by 400%. If this were a stock, or an option, I probably would’ve sold by now, but these puppies are in for the long haul. I also considered mining these guys, but realized at the 100 dollar level, I would be paying more in electricity running off of just my computer than what I would get out of the mining operation. Then I found out that there are now companies that make hardware specifically for that purpose. They require low amounts of power (comparatively) and offer tons more power. I actually ordered one of these devices back in March? I just got the notice that it shipped (figures it wou
dpest
November 14, 2013 – 12:48 pm
would while I’m deployed). At the 100 dollar level, this also wasn’t going to be a profitable operation, but I was curious about the hardware itself and its other capabilities. Since I was doing all of this research while Bitcoins were at the 100 dollar level, I kept looking for the most profitable way to get into them. I found a company that sells contracts that will mine for you. This was probably the cheapest way to get into Bitcoin mining (cloudhashing.com is the one I ended up using), but not the most profitable way to get into Bitcoins. For that I had to find a market. I know you guys use blockchain, but the one that I ended up using was mtgox for trading, and coinbase.com for buying the Bitcoins. That pretty much sums my experiences with Bitcoins and why they are where they
dpest
November 14, 2013 – 12:48 pm
they are in my portfolio.
dpest
November 14, 2013 – 12:52 pm
and done! Tried to get that done as quickly as possible lol. I hope that it helps, gets people pointed in a direction that helps, or at least gets some more conversation going about Bitcoins. I may be off on some of this, but I’m tired lol.
Golfcar101
November 14, 2013 – 12:52 pm
@dpest: good info thanks and thanks for your service
dpest
November 14, 2013 – 12:54 pm
@Golfcar101: no problem, I love what I do, for the most part
Thanks for paying taxes 😉
Golfcar101
November 14, 2013 – 12:54 pm
lol
dpest
November 14, 2013 – 1:10 pm
Well, I’m up way past my bedtime. I’ll check back in later on. @Cody, I look forward to a tradingwithcody app. I really appreciate your service, your perspective, the different perspectives that are presented on the site, and your generosity. Not trying to brown nose, just wanted to make sure I expressed my gratitude again.
echan008
November 14, 2013 – 2:55 pm
@Cody, @eryba1: : CIEN drops 7%. Should we buy in trench?
jahmon
November 14, 2013 – 3:09 pm
Surprised nothing from Cody today
eryba1
November 14, 2013 – 3:28 pm
@echan008: no its in penalty box until earnings, heavy vol downside= not a good formula. Now we know why it was acting badly, no support, no bounce at alll now risk is bk to $20 imho
echan008
November 14, 2013 – 3:33 pm
@eryba1: My cost basis of CIEN is $24.50. OK. I should wait till it drops to 20 handle. Thanks.
eryba1
November 14, 2013 – 3:48 pm
@echan008: Wait? thats a very subjective question. I was asked why I sold it at 23 after its fall from 27.6. when I sold at 27 bought back at 23 then the stock JUST SAT there. No bounce from oversold levels nothing when FFIV AKAM FIO reported #’s. Now CSCO reports and CIEN takes another bad hit. I need my $$ working for me. I felt in my gut it was a bad situation so I sold. I could always buy it back. Now this 7.5% decline and it seems like its just working against us so I would rather be in up trending stocks than try to catch the low here. Earnings and the CC will clarify things. In the meantime other stocks are working and I rather invest there.
eryba1
November 14, 2013 – 3:57 pm
GREAT GREAT MUST READ article BY JIM CRAMER NOW: Is there a bubble in the stock market? And if there is one, is it so inflated that it will lead to a crash as surely as the Hindenburg in Lakehurst, N.J. in 1937? These are the questions that must be answered if people are going to make informed decisions about a stock market at historic highs that doesn’t seem to ever want to quit. First, let’s address the overall market bubble question, something that’s Topic A because chief bubble blower Ben Bernanke is giving way to Bubble-in-Chiefer Janet Yellin. There is no doubt that the Federal Reserve’s policies have greatly and positively influenced the stock market.
eryba1
November 14, 2013 – 3:58 pm
By keeping interest rates low, thereby eliminating the bond market competition, you put a floor on stocks with good dividends that give you outsized yields vs. the miserable 0.8% 5-year CD. The Fed has created the bond market equivalent of stocks and that’s been a huge positive for the market. The Fed’s also created such cheap capital that companies can afford to buy back stock, which can radically inflate earnings per share and in some cases put floors under stocks.
eryba1
November 14, 2013 – 3:58 pm
The Fed’s easy policies allow more cars to be sold and more homes to be bought. Consumers with decent credit can get cheap financing. That leads to more cars being built, which requires more workers to be hired. As you can see today with the huge rally in housing, because Yellen said she embraces the policies of Ben Bernanke, the homebuilders can put more people to work and Home Depot (HD), Weyerhauser (WY), Whirlpool (WHR) and Sherwin-Williams (SHW) can also do much better. As I always say, housing punches above its weight and the collateral positives of the Fed’s largesse ripple throughout the stock market.
eryba1
November 14, 2013 – 3:58 pm
But isn’t that the real point here? It’s not collateral damage. These are collateral positives, matters that aid the wealth effect, which allows more spending, which helps retail. These are matters that allow more people to be hired because of the need to expand. These are matters that get the economy moving again. I point these out because the government, away from Yellen and Bernanke, through the fault of partisanship, is on the polar opposite course. It’s cutting back spending, reducing stimulus and hurting the economy at every turn. The only area that it is putting money into is healthcare and that Medicare money doesn’t have the multiplier effect that the Fed’s stimulus has.
eryba1
November 14, 2013 – 3:58 pm
Which leads me back to the bubble concept. A bubble is something that, per se, isn’t dangerous IF you know the bubble’s not going away any time soon and we got a lot of certainty from Yellen today that it isn’t. Because it isn’t, it pays to stay more long or own more stock than if you didn’t. Plus, the bubble won’t be deflated until the economy gets stronger and if the economy gets stronger, then earnings should move up accordingly. It’s not like the bubble will be burst because companies will be doing worse. It will be because companies are doing better. So you have this situation where the bubble gets taken away by something else that is good for the stock market, not bad for it.
eryba1
November 14, 2013 – 3:59 pm
Now, I think there are plenty of people who think “this is wrong.” They think that the fact that something is collaterally positive is no different from something being collaterally negative. It’s just bad in and of itself. I don’t make those judgments. They get in the way of making money, which we never should forget is what we are supposed to be doing. Passing judgment on this process and the Fed is a parlor game to me, no different from trying to figure out who is going to win this weekend in football. But we are trying to make money and I will not let that parlor game get in the way of my thinking.
eryba1
November 14, 2013 – 3:59 pm
Ah hah, though, how about if it all leads to inflation, won’t that be terrible? Yes, I hate inflation as much as the other guy, but it’s deflation that the Fed is fighting, the deflation that comes from a tight Congress and from free trade, which allows our companies to pay less and less for workers. Anyway, there’s plenty of slack in the system and do you mind if we wait until we at least get a couple of months of data showing inflation before we wore about something that’s not happening?
eryba1
November 14, 2013 – 3:59 pm
Oh, and let’s not forget the money management imperative. Even if you think that I am wrong about inflation, even if you think that what the Fed is doing ends badly and that we are ultimately going to be in a heap of trouble from the collateral positives, let me remind you that the bogey of performance, the need to catch up to the averages, is forcing money into this market not out of it and the supply of stock isn’t growing, it is dwindling, as winning managers aren’t about to ring the register. They are letting it ride, And remember the performance gains you get now are as legitimate as ones gained during the beginning of the year from the fundamentals. So don’t sneer at them.
eryba1
November 14, 2013 – 3:59 pm
Now, let’s deal with what’s happening in the Internet space. Is Twitter’s (TWTR) valuation a bubble? Does paying $3 billion to a 23-year-old who invented Snapchat signify a bubble? Do Yelp (YELP) and LinkedIn’s (LNKD) valuations signify bubble? Yes. Of that there is no doubt. But I don’t know what to do about it other than to tell you that it’s a bubble. I can’t get you to not overpay. I am not going to go outside my traditional metrics to foment reasons why these stocks are cheap in the uniques per share or eyeballs per share or tweets per share or any other knuckleheaded rationalization, justification or alibi.
eryba1
November 14, 2013 – 3:59 pm
But I will tell you that the reason all of these companies can trade where they do is Amazon.com (AMZN). You see, Amazon is the bubble umbrella. It is what allows people to pay these prices for these stocks. It is what allows for the inflation of equities that do not have profits and may not have profits for years. Amazon, which hit a high today, is a $168 billion company that doesn’t show a profit. So how do we know if Yelp or Twitter or Facebook (F
aren’t the next Amazons. Isn’t it worth it to bet that it might be? I can see why you would. In fact, let me go a step further. A lot of people think that if you are buying Twitter, you are buying into the greater fool theory that someone even more stupid than you are is going to buy the stock higher
eryba1
November 14, 2013 – 4:00 pm
and make you money. Yet, let’s say someone took you out of Amazon at $80 after you bought it at $70. Now with Amazon at $367, who is the greater fool? I think you are. I believe it is entirely possible to have a side-by-side situation where the bubble of the Internet can occur at the same time that the overall market goes higher. And remember, I do not believe the overall market is in a bubble. I think it is reasonably priced vs. other assets. Relative valuation, not absolute valuation, for better or for worse, is the method I use to identify bargains and exploit them.
eryba1
November 14, 2013 – 4:00 pm
So, in the end, I am not giving up on the overall market, at least not here, not now. Maybe later. Maybe higher. But not yet even, as I never frown on anyone taking a profit. One day if they make it illegal to be along for the ride, even if I don’t like the ride, then I will get off. But right it looks real legal to me and also real smart and lucrative. That’s what matters.
Cody
November 14, 2013 – 4:03 pm
@eryba1: The problem with Cramer’s credibility on “The BUBBLE” is that NOW he can list all the reasons we are ALREADY IN ONE. The time to tell us about the “The BUBBLE” was BEFORE it got here. http://blogs.marketwatch.com/cody/2011/01/30/how-to-trade-the-oncoming-stock-market-bubble/
Cody
November 14, 2013 – 4:21 pm
In three years, will we be reading Cramer and other pundits explaining to us why the markets are where they are at that point? Of course. Will that help you? Nope. Is it helpful reading the pundits explain the stock bubble we’re now in? Nope.
rkumar
November 14, 2013 – 4:45 pm
agreed
jahmon
November 14, 2013 – 4:52 pm
JNPR dropped about 3% then recovered, but looks like Cody didn’t want to buy. The bigger casualty here is CIEN which makes me very nervous. Can you comment, Cody?
eryba1
November 14, 2013 – 5:01 pm
@Cody: Cramer is responding to talk by many of a BUBBLE. Yes he didnt say we will have a bubble as U had said. Thats correct. However thats not the point I take from here. he is commenting on the fact that the market of individual stocks is NO where near a bubble and the PE levels on the S&P are very reasonable. Yes he states there are some stocks that have no earnings as like in Amazons case they drive them right to spending but their revenues keep expanding. We cant call a market with GOOG AMZN ex cash 10 or under PE levels bubbles at all- that is my take from his article
eryba1
November 14, 2013 – 5:27 pm
thats goog or AAPl ex cash
eryba1
November 15, 2013 – 8:09 am
doug Just for U: Gogo downgraded at Morgan Stanley NOV 15, 2013 | 7:39 AM EST GOGO was downgraded from Equal-weight to Underweight, Morgan Stanley said. Valuation call, as the company is trading at 22x expected 2016 EBITDA.
eryba1
November 15, 2013 – 8:09 am
Amazon.com target raised at Morgan Stanley NOV 15, 2013 | 8:01 AM EST Shares of AMZN now seen reaching $404, according to Morgan Stanley. AWS can continue to drive growth. Overweight rating.
eryba1
November 15, 2013 – 8:10 am
S&P 500 target raised at JP Morgan NOV 15, 2013 | 7:42 AM EST The year-end price target on the SPX to 1,825, JP Morgan said. See further upside potential in technology, financials and material stocks.
JSmith
November 15, 2013 – 8:20 am
Cody, any opinion on VJET. They just released earnings.
JSmith
November 15, 2013 – 8:22 am
@eryba1: what do you think about VJET
doug.sekula
November 15, 2013 – 9:22 am
@eryba1: Thanks, will be keeping my eyes on GOGO, see if I can catch a bottom. Lol.
eryba1
November 15, 2013 – 9:23 am
@JSmith: looks like its headed to MARS in a straight line UP since its IPO.
JSmith
November 15, 2013 – 9:25 am
@eryba1: so are you interest in the rocket ship…or waiting for a reentry
eryba1
November 15, 2013 – 9:27 am
@JSmith: wait for a landing if U like. I rather buy stocks that have pulled back to support, good earnings, corrected and now seemed poised for run into year end.
calmdaw1
November 15, 2013 – 9:28 am
TSLA looking a little weak
JSmith
November 15, 2013 – 9:40 am
@eryba1: so who are you buying now into the year end?
eryba1
November 15, 2013 – 9:43 am
@JSmith: I bought All I wanted when the following names corrected, I am add more CREE, but I am FULL In AAPL, AMZN,FB,LNKD,ZNGA, CREE, FSLR TQNT
eryba1
November 15, 2013 – 9:53 am
Not sure I ever asked this but how many people here are Amazon PRIME members?
paulvb
November 15, 2013 – 9:54 am
I am a Amazon Prime member
eryba1
November 15, 2013 – 9:55 am
Anyone here a netflix customer?
JSmith
November 15, 2013 – 9:55 am
@eryba1: I am prime
paulvb
November 15, 2013 – 9:56 am
Also a netflix customer
eryba1
November 15, 2013 – 9:57 am
The reason I ask and I would like to see how many members of each there are. is that After Amazon prime originals shows went from beta and asked users to vote the BESt and highest rated shows are now series that Premiere today with 2 shows starting with Alpha House starring John Goodman a VERY VERY FUNNY SHOW.
calmdaw1
November 15, 2013 – 9:59 am
@eryba1: have Netflix. watch some movies but mostly kids watching cartoons.
eryba1
November 15, 2013 – 10:04 am
@calmdaw1: yes My 10 yr old daughter LOVES PRIME, But these AMAZON Apha house and 2nd series BETAS are for adults and are VERY VERY funny- i really like what amazon is doing to become another NETFLIX in addition to its other services
eryba1
November 15, 2013 – 10:06 am
I think it will help keep customers, add customers and as amazon builds more warehouses closer to most of its deliveries it wont need to spend on 2nd day air and save huge amounts of money and people can soon get items next day or same day which will only increase users of amazon and attract new members.
doug.sekula
November 15, 2013 – 10:08 am
GOGO sinking like a rock.
JSmith
November 15, 2013 – 10:10 am
anyone buying bitcoins?
eryba1
November 15, 2013 – 10:12 am
@doug.sekula: long way down to go IMO
eryba1
November 15, 2013 – 10:18 am
LNKD is really on a streak!! 5% rise today on top of the moves the past 2 days from 208 bottom looks like to 232 today and it was 252 per earnings
eryba1
November 15, 2013 – 10:18 am
@JSmith: not buying any bitcoins myself
eryba1
November 15, 2013 – 10:22 am
IS anyone adding here? trimming or sitting pat?
JSmith
November 15, 2013 – 10:23 am
@eryba1: you think we are going to rally until mid dec?
rkumar
November 15, 2013 – 10:24 am
anyne buying jnpr–up yesterday—xien
rkumar
November 15, 2013 – 10:25 am
is jnpr taking mkt share from csco??
MikeM
November 15, 2013 – 10:25 am
@eryba1: Trimming some today, and initiating some short positions in the welfare banks here.
msamuels2000
November 15, 2013 – 10:25 am
@eryba1: I’m trying to figure out SNDK. Nice move after ER then sideways since. Consolidating or should I look to trim?
eryba1
November 15, 2013 – 10:25 am
@JSmith: My thinking is managers lagging badly, earnings over, budget talks not on tap until jan 2014, So yes stocks corrected I think we could have a very nice rally into new year and then when the budget and Rep VS. Dem gov shutdown talks rise again we will see codys 5-10% correction. Again this is just an idea, I will be watching to see market and stocks individual behanvior to determine my actions
eryba1
November 15, 2013 – 10:27 am
@msamuels2000: I think more consolidation, however if U need to trim for other reasons feel free to do so at 69 handle if U need the funds for anything or diversify or reinvest in other names that have pulled back
JSmith
November 15, 2013 – 10:29 am
@eryba1: Yeah, I don’t know. That is what I am thinking, plus people have been waiting for a correction with money out of stocks, so do they put it back in? If so, where is the money going…i.e. which stocks?
eryba1
November 15, 2013 – 10:29 am
@MikeM: good luck, better to short when U see signs of cracking, charts turning under their 50 day moving avg and for the most part thats not the case right now. I would rather invest with the stock and charts vs fight them at this time.
doug.sekula
November 15, 2013 – 10:30 am
Just completed my Scutify app update for iPhone.
Cody
November 15, 2013 – 10:30 am
@doug.sekula: How’s new iOS7 Scutify app look?
Cody
November 15, 2013 – 10:31 am
I’m on the road with my wife to a routine doctor appointment in Las Cruces today, btw, folks.
eryba1
November 15, 2013 – 10:31 am
@JSmith: lets look at the charts and earnings, who got hit on a run up into earnings then pulled back on GOOD earnings. For me that was FB, LNKD as 2 examples, I like apple into the holiday season and am actually buying a new imac and exra sceen this weekend to replace my dell which is having some MAJOR issues that no one has bene able to resolve, goog, amazon I dont stop buying things from them
eryba1
November 15, 2013 – 10:33 am
ZNGA breaking out here? lets watch this one
doug.sekula
November 15, 2013 – 10:34 am
@Cody: looks and feels great! Got that new ios7 bubbly feel! LOL! Hope the routine visit goes as planed.
JSmith
November 15, 2013 – 10:34 am
@eryba1: yeah, I have a new ipad air
eryba1
November 15, 2013 – 10:34 am
@JSmith: how is the ipad air? I havent seen it in person yet.
JSmith
November 15, 2013 – 10:35 am
@eryba1: Apple stock has been painful this past year. Let’s hope it does better and keeps going up
carl
November 15, 2013 – 10:35 am
@cody @eryba1 Skim this article; it is by a former Intel sales guy who knows the company from the inside. He is saying that they are planning something big because of huge fab capacity and are way ahead of the process technology competitors. Reminds me of a guy at the track saying “I got a hot tip for you”. On the other hand he understands the business.
JSmith
November 15, 2013 – 10:37 am
@eryba1: It is nice and light. I got the one from Verizon…128G. Hopefully they will sell great this holiday season!
eryba1
November 15, 2013 – 10:37 am
@JSmith: I understand. Lets try to change that for 2014. Lets NOT invest big in things until we see the stock performing well, Lets cut losses in stocks that we are already ALL in on, lets buy winners on pullbacks. Lets trim on rips higher and buy on declines in good stocks at support areas.
eryba1
November 15, 2013 – 10:39 am
@carl: cant invest that way. lets just go about what we try to do here best. I like ZNGA BREAKOUT LIKE MOVE here up 4.5%
JSmith
November 15, 2013 – 10:40 am
@eryba1: yeah, I just feel in love with the company and products…and that hurt me in terms of the stock.
nevy72
November 15, 2013 – 10:41 am
Hi Cody – Any thoughts on SGLB? Worth a flier? http://3dprintingstocks.com/sigma-labs-outperform/ (Sigma Labs (SGL
Will Outperform All Other 3D Printing Stocks Over Next 3-6 Months)
eryba1
November 15, 2013 – 10:42 am
@JSmith: never fall in love with a stock, a product perhaps. We all need to Myself included to drop badly performing acting stocks and buy better acting performing stocks. Its our hard earned capital treat is BEST, dont invest it badly, protect it, let it grow, cut losses before they get too big. U can always buy something back one the coast is clear, why ride an ALL IN stock down 10 20 30% U can never make up those losess f it happens too many times. Set mental stops, % stops especially when U R all in already
JSmith
November 15, 2013 – 10:43 am
@eryba1: yep. it was a lesson learned the hard way
eryba1
November 15, 2013 – 10:45 am
@JSmith: we all go through it. I myself am not any diff. In time we can learn to not make the same mistakes and not repeat negative outcomes by avoiding them in the future and replicate better resulting outcomes and decisions
jahmon
November 15, 2013 – 10:54 am
Wow…pandora is the worst short ever I think
JSmith
November 15, 2013 – 10:56 am
@jahmon: yeah, we are on the wrong side of that one so far…it is doing way better than apple
ebdavids
November 15, 2013 – 11:07 am
@eryba1: this is me: Amazon prime (mostly for buying stuff fast and cheap — not for streaming, because my WD box doesn’t support it) and Netflix (but hardly use it with so many other cable options available). Guess I’m not a full-on-board “streamer” yet.
Jeffhok1970
November 15, 2013 – 11:11 am
@eryba1: Netflix – use it daily.
ebdavids
November 15, 2013 – 11:11 am
@eryba1: …and tho I live in LA area. Haven’t yet experienced one/same-day or Sunday delivery. But those will strengthen Amazon loyalty even more, I think.
ebdavids
November 15, 2013 – 11:13 am
@JSmith: watching bitcoins but, really without much knowledge, waiting for a pullback from $400+ area to buy.
eryba1
November 15, 2013 – 11:14 am
Does anyone here have a SMART TV? Until 2-3 weeks ago I did not, NOW I understand the power of NFLX and AMZN and these tvs have the AMZN NFLX apps on them U no longer have to watch on a smaller 2ndary device rather on you HD TV’s main large screen. That includes NBA TV which I tried which is VERY COOL, ad so much better than on a smaller tablet or smartphone screen.
JSmith
November 15, 2013 – 11:15 am
@ebdavids: yeah, seems expensive…but who knows. Wish I bought some years ago
JSmith
November 15, 2013 – 11:16 am
@eryba1: I have one, but don’t use it. I use Apple TV for my music and movies bought in itunes
JSmith
November 15, 2013 – 11:16 am
I am still stuck to the cable company with DVR
eryba1
November 15, 2013 – 11:18 am
@JSmith: I have DVR as well and LOVE it but more and more content going on APPS Smart tv’s U can watch what U like when U like and for a fraction of the $$ vs cable bill 1-200 a month like bills
JSmith
November 15, 2013 – 11:19 am
@eryba1: Yeah, I don’t really watch that much either. Kids channels and the world new mostly DVR’d
JSmith
November 15, 2013 – 11:20 am
hard to pull the plug to cable
flyfishin
November 15, 2013 – 11:21 am
@eryba1: Znga still moving higher
eryba1
November 15, 2013 – 11:22 am
@JSmith: I know Im the same boat. However I wnat to try to do the ala cart thing using apple tv device = sign up and buy just the channels I want to= all over the air channels CBS, NBC,FOX, ABC + pay for just, NBA TV, Discovery, Bravo, Disney, TNT, etc
eryba1
November 15, 2013 – 11:26 am
@MikeM: It’s been a long time since the banks have been able to shake off bad news and go higher. Today’s one of those days. They got these ridiculous Moody’s downgrades and, at last, they meant nothing. You have the Attorney General of the United States talking about coming down on the currency manipulators, which could lead to all new investigations of money centers — will they ever cease? — and they meant nothing. These stocks are all trading higher, in part, I think, because we are going to get a little inflection in the yield curve and in part because they are just too cheap relative to other stocks. It’s very in vogue to talk about bubbles, but is it a bubble to mention that Bank of America (BAC) isn’t back to where it was in May 2010? Isn’t that a little nuts?
eryba1
November 15, 2013 – 11:26 am
How about Citigroup (C) unable to take out its 2009 top? So, when I look at this group I can truly say it is a bargain vs. other times and that’s spurring real interest. This group can provide fabulous leadership and it has been through hell and back. If they catch fire, then many more can catch fire, too. We are holding on to Wells Fargo (WFC) for Action Alerts PLUS and would buy more JPMorgan Chase (JPM) if it would come down. Meanwhile, there is some research on KeyCorp (KEY) raising the price target to $15. Seems like a reasonable stretch given the turn we are seeing in bad loans, in the yield curve and the return of growth in the Midwest.
msamuels2000
November 15, 2013 – 11:27 am
@eryba1: not looking to trim just re-evaluating all positions and looking to either add or trim where it makes sense. SNDK has been off radar for a bit.
eryba1
November 15, 2013 – 11:27 am
Those fine words about BANKS just now from JIM cramer- one mans opinion
musa
November 15, 2013 – 11:29 am
Mastercard up 8 bucks today. I love bubbles.
eryba1
November 15, 2013 – 11:32 am
@musa: bubbles? its up 1%
PE of 24 not bubbly IMO
eryba1
November 15, 2013 – 11:33 am
gog is bubbly, SYUT is BUBBLY big time TWTR PE is bubbly
jahmon
November 15, 2013 – 11:36 am
@eryba1. All of the small boxes like appletv and Roku allow you to stream directly to you main HD TV. I don’t see the value of a smart tv because I get that already from my appletv and I have more options from that box than via the tv…ala airplay.
eryba1
November 15, 2013 – 11:37 am
@jahmon: can U link one apple tv to multiple tv? or do U need one apple TV per TV?
eryba1
November 15, 2013 – 11:37 am
smart tv’s avoid the need for an apple TV as all U need are the apps on the tv to watch what apps are there or that U can download
jahmon
November 15, 2013 – 11:44 am
@jsmith. We are on the wrong side of all of these recent puts, PCLN, VIX, P. GSVC the only one green. I’m losing my shirt having positioned bearish per Cody’s playbook. Add that to GDX call disaster, TQNT, CREE, CIEN massive pullbacks = Sharknado of portfolio pain. I can’t be the only one.
JSmith
November 15, 2013 – 11:46 am
@jahmon: I don’t think you are the only one.
rkumar
November 15, 2013 – 11:46 am
u need hedges this mkt can correct any day now
rkumar
November 15, 2013 – 11:46 am
any opinion on rht>>???
rkumar
November 15, 2013 – 11:47 am
whats on everyones buy lists??
doug.sekula
November 15, 2013 – 11:55 am
No hedges for me right know. Long and Strong!! VIX looking good for a 1st tranche tho!
JSmith
November 15, 2013 – 12:09 pm
I have liked MIDD every since I owned it a few years back. Anyone else hnow about it, and if 10% pullback is a good time to buy more?
Jeffhok1970
November 15, 2013 – 12:14 pm
I am 65% long, 5% short and 30% cash. Thinking of buying some TWTR puts to increase my hedge.
nevy72
November 15, 2013 – 12:16 pm
Hi Cody – Any thoughts on SGLB? Worth a flier? http://3dprintingstocks.com/sigma-labs-outperform/ (HEADLINE: Sigma Labs (SGLB Will Outperform All Other 3D Printing Stocks Over Next 3-6 Months).
kirank
November 15, 2013 – 12:20 pm
@eryba1 – Any thoughts on KSS heading into the holiday season?
Ynarpzl
November 15, 2013 – 12:25 pm
@eryba1: I’ve been reading your posts and want to thank you for your insights – very helpful as I try to n
eryba1
November 15, 2013 – 12:32 pm
@JSmith: MIDD is the best stock over the past 10 years HANDS DOWN!!!
eryba1
November 15, 2013 – 12:32 pm
@Ynarpzl: Np were all here to help one another
eryba1
November 15, 2013 – 12:44 pm
@kirank: not sure is that a double top at 58 for KSS or just a pullback>? Cold weather kicked in on east coast for a few days now back to 50’s and 60’s until next tues then back to normal 40’s and retails #’s from macys were very good. I have never followed KSS myself so just looking at it from outside so to speak
JSmith
November 15, 2013 – 12:45 pm
@eryba1: yeah, if only I had more of it instead of lots of losers. U think now is a good time to add more or no opinion
eryba1
November 15, 2013 – 12:47 pm
@JSmith: let me say something about losers- U dont have to stick with them. If they are hurting you too much as a % of your acct SELL THEM!!. U are not forced to keep bad acting stocks. and stocks acting badly that are too large a % of your portfolio will kill your capital. We have said it over and over we want our capital working for us not against us so lets position them in better acting stocks
eryba1
November 15, 2013 – 1:01 pm
PrettY BIG Social and Economic changes in CHINA announced- No more ONE child policy one of them: http://www.usatoday.com/story/news/world/2013/11/15/china-one-child-policy/3570593/
eryba1
November 15, 2013 – 2:01 pm
r we seeing some SUPPORT for CIEN today? up 4.25%
ebdavids
November 15, 2013 – 2:24 pm
@jahmon: @JSmith: @rkumar: Jahmon and Jsmith — just to let you know, you are definitely NOT alone. i share Jahmon’s pain on many of the same stocks (in this case, mostly options). Kinda called Cody out on that in this week’s Q&A — that he needs to be clearer when he’s recommending a move as a hedge whether it’s also a recommendation as a plain ol’ buy — not just as a hedge. I thubk he understood and will be clearer in the future. rkumar: it’s not that i don’t agree on hedging one’s bets, but if (sigh0 one isn’t up as much as other folks are, the question is whether a rated stock is detimed to (in this case) plunge even WITHOUT a general bursting of the bubble — and that’s where i think we need more clarity from Cody.
ebdavids
November 15, 2013 – 2:25 pm
*detimed = destined. Sorry for the other typos, too!
ebdavids
November 15, 2013 – 2:25 pm
(though the word “detimed” may apply!
ebdavids
November 15, 2013 – 2:26 pm
Clearly his recommendation on Pandora (among others, but it’s November put time for me on that one) was detimed.
jahmon
November 15, 2013 – 2:40 pm
@ebdavids I think you are dead right on this and appreciated your point in the weekly chat. Cody’s hedge on a bunch of $7 apple stock is very different from many of our portfolios and our goals of “trading with cody” for gains. My portfolio is in a world of pain, mainly from the IEF, VIX, GDX, P, PCLN etc. option. Been having to make tough choices on when/how to book substantial losses.
eryba1
November 15, 2013 – 2:43 pm
@jahmon: do U have longs in GOOG AMZN LNKD FB FSLR ZNGA?
drefleury
November 15, 2013 – 2:51 pm
eryba is looking like the smart one for staying away from the options… sigh.
eryba1
November 15, 2013 – 2:52 pm
@drefleury: its never been my forte so I have never touched them. But in regards to stocks sell if its painful, sell if U feel uncomfortable there are So many other uptrending stocks to buy why get hurt with stocks moving against U and watching declines after decline
drefleury
November 15, 2013 – 2:58 pm
Yeah, I feel ok with where I am, the pain from my portfolio was on some AAPL options early this year. But I only have about 20% of my assets in my trading accounts, and the rest are managed separately, which this year was great with the bull run we’ve had. I’ve paid dearly for these lessons, but I’ve learned them better because of it.
eryba1
November 15, 2013 – 3:00 pm
@drefleury: one day I will tell the story of my almost deadly lesson learned 14 years ago when my accounts were smaller but what I had then and the lesson that taught to me, which I will never repeat.
drefleury
November 15, 2013 – 3:01 pm
I’m with you… Hopefully you’re not still carrying any of those forward now!
eryba1
November 15, 2013 – 3:02 pm
@drefleury: from 14 years ago the only thing I am a carrying is the lessons learned never to be repeated.
drefleury
November 15, 2013 – 3:04 pm
Good stuff. I would love to know the actual takeaway that has stuck with you from that. I have two that stayed with me – “Seek first to understand’, and Sic Transit Gloria Mundi – “Fleeting is the glory of the world.”
eryba1
November 15, 2013 – 3:06 pm
@drefleury: DIVERSIFY DIVERSIFY DIVERSIFY!!! NEVER listen to others who have WAY more $$ that can be lost but mean so little to them vs my capital that means SO much more to me. just to name some of the lessons learned.
doug.sekula
November 15, 2013 – 3:09 pm
Sold more of CIEN, now down to 1/4 of what I originally had.
drefleury
November 15, 2013 – 3:10 pm
yep. It really is that simple. I have recently put my toe in the solar investing world through Mosaic, and have about 10% of my portfolio through an early stage Angel Fund… Some really neat companies,and so exciting when they become targets for acquisition. But then I also have some steady eddy funds, etc, so I’m trying to put that lesson into practice. I don’t want to put it all down on red, that’s for sure.
eryba1
November 15, 2013 – 3:11 pm
@doug.sekula: Action in CIEN is actually productive 5% rise better volume. Lets see the close and follow through next week.
nmantle
November 15, 2013 – 3:11 pm
My experience with Cody’s recommendations are about 75% to the win side. When it comes to the options, I’m about 50-50 but there were specific instructions from time to time wherein Cody stated it was strictly a hedge. Not doubting any related experiences here and adittedly I’m far from an experienced trader but with all the options trades, I had no confusion if it was presented as a hedge or to run with the upside/downside of the security….Just my 2 cents worth of bitcoin narrative.
MikeM
November 15, 2013 – 3:13 pm
@eryba1: Just read your response you sent earlier about the banks. I was in meeting allo day. Agreed on your viewpoint. I know too that Cody has ranked the welfare banks as high ranking in the short category for a long time. I would be curious to know his latest analysis/viewpoint for his welfare bank short position stance. I am surprised that recent “bad” news for the banks didn’t cause more of a downturn to their stock prices, but I feel that is coming and at least in the short term that the small short positions I initiated today will be a good choice. I do appreciate the feedback and insight you offered. I will be watching their action and evaluate their trajectory.
nmantle
November 15, 2013 – 3:13 pm
And with options, you really have to be careful.
doug.sekula
November 15, 2013 – 3:13 pm
@eryba1: Your deadly lesson sounds like something I went threw about 14-15 years ago too. One word: FOOTBALL!
eryba1
November 15, 2013 – 3:14 pm
@doug.sekula: deadly lesson was financial not physical if U r referring to football in terms of a physical injury
eryba1
November 15, 2013 – 3:15 pm
@MikeM: yes Cramer has been very astute and his take on the banks story when I read it I thought about your short bad welfare banks position
doug.sekula
November 15, 2013 – 3:16 pm
Man I really got in over my head financially, had two – three really bad weeks and almost lost it all.
doug.sekula
November 15, 2013 – 3:16 pm
It got ugly real fast!!
doug.sekula
November 15, 2013 – 3:17 pm
lessons learned
eryba1
November 15, 2013 – 3:17 pm
OK bookie and gambling vs playing football physical.
calmdaw1
November 15, 2013 – 3:18 pm
@doug.sekula: I assume you can still walk so at least no busted kneecaps
doug.sekula
November 15, 2013 – 3:18 pm
At one time ( ok more then once) was worried about TINY! Lol. Calling home, work, my parents home. It was bad.
doug.sekula
November 15, 2013 – 3:19 pm
@calmdaw1: hahahaha put it all on a credit card
doug.sekula
November 15, 2013 – 3:20 pm
my old lady’s credit card when we were still dating.
calmdaw1
November 15, 2013 – 3:20 pm
@doug.sekula: loved the sports betting when I was younger. Haven’t done anything with a bookie for years now.
doug.sekula
November 15, 2013 – 3:22 pm
Me too! My book keeper is still doing his thing in the Wash DC area. Asks me to play when I run into him around the neighborhood
doug.sekula
November 15, 2013 – 3:22 pm
I tell him stocks only! Lol
ebdavids
November 15, 2013 – 3:33 pm
@Cody: if you’re there (because your little red name is) — I think i finally have a grasp on the logitics, etc. of trading bitcoins (much with your help — thanks), am now contemplating a small buy. SO . . . any comment on whether 400
ebdavids
November 15, 2013 – 3:34 pm
on whether $400+ is a good entry point? Not getting much good guidance, I think, on Scutify.
Cody
November 15, 2013 – 3:35 pm
@jahmon: I never said position yourself bearish. I simply said it’s time to build up hedges even as we remain net long overall. Mea culpa on calling for near-term pullback for the last month, and I do feel like an idiot about my short-term market call for the last month. Best of luck on the timing of this for the next few weeks, FWIW, I’m still (and increasingly) bearish about the near-term especially after seeing all the complacency amongst my hedge fund friends who are more bullish than they’ve been since the top in 2008.
Cody
November 15, 2013 – 3:37 pm
@ebdavids: I agree, the near-term feels too parabolic to chase the $BTC just now. Maybe buy 1/10th of how much you want to own and then start a mini-tranche scale-in for the next month unless/until you get a mini-crash in the bitcoin price and then you move it up to a full 1/3 tranche approach.
doug.sekula
November 15, 2013 – 3:38 pm
@Cody: TQNT at these levels? 1st tranche.
Cody
November 15, 2013 – 3:38 pm
@doug.sekula: 1st tranche gotta start somewhere!
doug.sekula
November 15, 2013 – 3:39 pm
Kewl! Thanks.
ebdavids
November 15, 2013 – 3:40 pm
Cody — gotta say that at $400+ for one bitcoin, that’s already beyond 1/10th of my total ownership target 9at least at this point) for this kind ofan investment. Is it not for me, right now, on that basis?
MikeM
November 15, 2013 – 3:40 pm
@eryba1: I am unclear by your response what Cramer’s position is on the big banks???
eryba1
November 15, 2013 – 3:41 pm
@MikeM: These stocks are all trading higher, in part, I think, because we are going to get a little inflection in the yield curve and in part because they are just too cheap relative to other stocks. It’s very in vogue to talk about bubbles, but is it a bubble to mention that Bank of America (BAC) isn’t back to where it was in May 2010? Isn’t that a little nuts? How about Citigroup (C) unable to take out its 2009 top? So, when I look at this group I can truly say it is a bargain vs. other times and that’s spurring real interest.
ebdavids
November 15, 2013 – 3:42 pm
Also, i tranched totally out of ZYNGA a couple of days ago. What kind of a dip would you say would be right for me to get back in?
eryba1
November 15, 2013 – 3:43 pm
@ebdavids: 3.4 range this week was a great entry, when did U tranche out? from vol and stock chart it looks like the start of a breakout
MikeM
November 15, 2013 – 3:44 pm
@eryba1: 10-4
Cody
November 15, 2013 – 3:44 pm
@ebdavids: Can your net worth and lifestyle handle a potential $400 loss on the bitcoin? If so, then do a 1/9th tranche first buy and then wait for the next one.
ebdavids
November 15, 2013 – 3:44 pm
thanks.
Cody
November 15, 2013 – 3:44 pm
@ebdavids: Not sure about $ZNGa near-term, It could be a long ride on that thing til the tide turns.
Cody
November 15, 2013 – 3:46 pm
@nmantle: THanks for that feedback and letting me know how you’ve been doing. Great to hear. I will never be falliable, folks, that’s always part of what I’m trying to help us all learn!
Cody
November 15, 2013 – 3:47 pm
Errr, I meant- I will never be infallable, folks, that’s always part of what I’m trying to help us all learn!
eryba1
November 15, 2013 – 3:48 pm
@Cody: your hedge fund friends are bullish yet what about the majority or vast # of funds who are sorely lagging the averages? balanced or more skewed toward bearish or lagging the market?
joe.evicel
November 15, 2013 – 3:48 pm
@Cody: Where do you see $ZNGA going to in the near term; and how long is that near term
calmdaw1
November 15, 2013 – 3:48 pm
@Cody: I knew what you meant but it reads much funnier the original “falliable”
Cody
November 15, 2013 – 3:49 pm
@eryba1: My hedgie fund friends are WAY underperforming the markets if they’re even up at all on the year. But they are now mostly turning or have turned bullish, if only out of “if you can’t beat ’em join ’em” kind of logic.
Cody
November 15, 2013 – 3:51 pm
@joe.evicel: ZNGA is part of our social basket along with LNKD and a much bigger position in FB. It could take year or quarters or at best a few months for them to turn their business and get the stock responding if ever. $ZNGA is a never-ending call option for $3.00 or less when we bought it.
ebdavids
November 15, 2013 – 3:52 pm
@Cody: to answer your question, i got out of ZNGA at $3.50.
kirank
November 15, 2013 – 3:52 pm
Cody, What you think about INVN?
eryba1
November 15, 2013 – 3:52 pm
@Cody: so if the tide has now just turned to u cant beat them join em mentality we could TRULY see some fireworks until year end in many stocks that have corrected and Then I believe come near January when the budget showdown resumes we could see that 5-10% correction you had been searching for. For now earnings out of the way and a seaonsl strong 6 weeks is ahead of us. Watching for this to materialize or not.
MikeM
November 15, 2013 – 3:53 pm
@Cody: eryba1 states when he looks at the big bank group that they are a bargain vs. other times. You have ranked them strong short candidates for quite some time. i initiated short positions in them today but eryba1’s viewpoint/analysis has merit. Your current take on the welfare banks?
calmdaw1
November 15, 2013 – 3:54 pm
@eryba1: budget showdown might be a non-event. Kind of like pro wrestling. most know it is just a show
eryba1
November 15, 2013 – 3:55 pm
@calmdaw1: this time after obama health care DISASTER his own words he fumbled TWICE- If U R yusing football U fumble twice U SIT on the bench until the next game or u learn to hold on to the ball. I am just pondering possibilities. Again I will watch individual stocks and their action as tells on what to do.
jahmon
November 15, 2013 – 3:56 pm
@eryba1. Yes on the stock ownership that you asked
drefleury
November 15, 2013 – 3:56 pm
Guys – This whole thread is looking very bullish. Flip it?I don’t remember a more bull-minded thread discussion recently.
drefleury
November 15, 2013 – 3:57 pm
The proverbial “guys” I mean, including gals. Sorry.
calmdaw1
November 15, 2013 – 3:58 pm
@drefleury: similar to when the thread was 90% about Apple and how it was going up forever?
drefleury
November 15, 2013 – 3:58 pm
@calmdaw1: yep
eryba1
November 15, 2013 – 3:58 pm
@drefleury: stocks have found some footing after corrections 10-20% worth the setup looks positive, lets not ignore the correction positives emerging
drefleury
November 15, 2013 – 3:59 pm
@eryba1: I hope you”re right, I’m net long, but I did just put half my 401K which is up 19.5% YTD (seriously?) into a MM account….
calmdaw1
November 15, 2013 – 4:00 pm
@eryba1: truthfully, a very small percentage of stocks corrected anywhere near 10-20%
drefleury
November 15, 2013 – 4:00 pm
19.5% for a target fund seems crazy to me.
drefleury
November 15, 2013 – 4:00 pm
All perspective I guess.
eryba1
November 15, 2013 – 4:02 pm
@calmdaw1: these stocks FB, TQNT,CREE,FSLR,LNKD, FF,ZNGA, CIEN, JNPR, XONE all corrected 10-20%
eryba1
November 15, 2013 – 4:04 pm
@calmdaw1: SOme corrected very little on STRONG GOGO trended down into earnings then popped, AMZN popped, apple was flat. The averages corrected 3% perhaps but individual stocks correct much more for the most part as a rotation out of leaders into safety stocks commenced.
calmdaw1
November 15, 2013 – 4:07 pm
@eryba1: all I am saying is that for every individual stock that corrects more than the average, there is a corresponding position that corrects less
eryba1
November 15, 2013 – 4:07 pm
@calmdaw1: sure
eryba1
November 15, 2013 – 4:07 pm
@calmdaw1: u r correct
calmdaw1
November 15, 2013 – 4:08 pm
now, quite a few stocks that we talk about in here have seen bigger pullbacks to be sure
eryba1
November 15, 2013 – 4:09 pm
@calmdaw1: After trimming and waiting for pullbacks rt at earnings we did get those declines in quite a few of our stocks FB, TQNT,CREE,FSLR,LNKD, FF,ZNGA, CIEN, JNPR, XONE. Thats all I was referring to. They ran into earnings it was talked about here many times to trim and then reports released and stocks pulled back / corrected
ebdavids
November 15, 2013 – 4:11 pm
@eryba1: Sorry. Silly question here. Is your reference to GOGO to the inflight communications company? Can’t recall Cody having commented on that one — or is that one of your successful babies?
eryba1
November 15, 2013 – 4:14 pm
@ebdavids: gogo yes inflight wireless, Doug mentioned it as an idea I said wait 1st sky
ebdavids
November 15, 2013 – 4:15 pm
Thanks. I’ll scroll back up.
ebdavids
November 15, 2013 – 4:15 pm
Good bye to all. Have a great weekend contemplated your soon-to-be unfounded wealth.
ebdavids
November 15, 2013 – 4:16 pm
(Mine is, and will remain, unfounded, now that i think about it.)
doug.sekula
November 15, 2013 – 4:25 pm
Did buy that 1st tranche of TQNT near closing bell.
eryba1
November 15, 2013 – 4:26 pm
It was a wild week with a HUGE rally in many of our names on Wednesday and it continued albeit at a slower pace on thur and friday. A positive friday close by many is seen as a good barometer as people comfortable to have their money invested over the weekend. the S&P broke to the upside and targets are for the 1825 level as the next target. lets see what next week brings. Have A great weekend
eryba1
November 15, 2013 – 4:28 pm
I will do my best to Help apple this weekend with with a new imac and monitor to replace my aging antiquated dell and its java issues. It should show up on their bottom line for a strong Holiday Q4
No one mentioned the quarterly dividend we all received overnight which I will pour back into an apple retail store shortly.
calmdaw1
November 15, 2013 – 4:41 pm
@eryba1: yes, buy apple products. We all remember what happened to CREE after you returned your lightbulbs, lol!!
Cody
November 15, 2013 – 4:56 pm
@eryba1: More likely, the hedge fundies will be late to the party and the market will crash after they get long. They suck, man.
eryba1
November 15, 2013 – 4:58 pm
@calmdaw1: yes it spiked from 60 to 73
eryba1
November 15, 2013 – 5:17 pm
@calmdaw1: I was being honest to myself I didnt like the 800 lumens 60W light bulb. So I sold and then an investment house upgraded the stock with an 80 target or so and it ran. I felt foolish then however as it RAN into earnings and 75 levels it fell to 55. So I started buy at 59 after cody argument about its future and industry leadership and now a Potential BIG W bottom forming. Watching this one closely for that W bottom.
eryba1
November 15, 2013 – 5:17 pm
Good night.
calmdaw1
November 15, 2013 – 5:21 pm
@eryba1: I was just joking with you about the lightbulbs although it did give me some food for thought regarding CREE as I also do not like lighting that is too dim and thought it could be a problem if many consumers agreed
calmdaw1
November 15, 2013 – 5:22 pm
Have a good weekend
eryba1
November 15, 2013 – 5:22 pm
@calmdaw1: no it was a good point U made. I did sell and stock spiked big time only to retreat
calmdaw1
November 15, 2013 – 5:23 pm
@eryba1: I was jokingly insinuating that you returning the bulbs caused them to have a bad quarter..
eryba1
November 15, 2013 – 5:24 pm
@calmdaw1: perhaps it was just the bulb I bought they have MANY MANy- I bought from Home depot the style I thought was best. I was unaware at the time of lumens and now I know what to look for.
eryba1
November 15, 2013 – 5:24 pm
@calmdaw1: ahh bad quarter because of my returns- I didnt listen to the CC. They are an industry leader just need to know lumens range of #’s now to know whats best.
jahmon
November 17, 2013 – 9:56 am
CREE has a New TW Series that has better light spectrum. Having them delivered tomorrow and can report back early next week.
JSmith
November 18, 2013 – 8:01 am
Bitcoin above $600 now
jahmon
November 18, 2013 – 9:39 am
Parabolic is right
Cody
November 18, 2013 – 9:42 am
Would you rather own: $BTC bitcoin, $Dinars from Iraq, $GLD (not gold, but paper promise of gold from corrupt TBTF banks), $SLV (see $GLD), or the #Venezuelan Bolivar (http://www.usatoday.com/story/news/world/2013/10/21/venezuela-flights/3012803/) I’m not buying $BTC anymore, but I’m holding $BTC and wouldn’t want to own the others for the long-term, that’s for sure.
Jeffhok1970
November 18, 2013 – 9:54 am
namaste smart investors
Cody
November 18, 2013 – 9:56 am
@Jeffhok1970: peace backatcha!
JeffDaniel
November 18, 2013 – 10:23 am
Cody, Would you add to Google,Amazon and Apple at these prices if horizon is 2 years?
dpest
November 18, 2013 – 10:29 am
@Cody: since you asked about owning BTC or any of the other currencies/promises, what do you think would happen to the real estate market, the rental market, stock market, and the labor market if the dollar collapsed? I haven’t started any research yet, but I may be starting it soon, and looking at what happened in Greece. Anybody else have any thoughts on this macroeconomic issue?
Cody
November 18, 2013 – 10:30 am
@JeffDaniel: I’d always suggest doing a 1/5-1/3 tranche of however much of each you want to buy and then be patient for the next tranches.
JeffDaniel
November 18, 2013 – 10:32 am
Thanks Cody
Cody
November 18, 2013 – 10:33 am
@dpest: I don’t think you can game the effect of a crashed dollar on pretty much any asset. Will a collapse in the dollar translate into vis a vis higher stock and other asset prices? Or will we simply adapt to a lower-valued currency? Or will everything in the country collapse with it? Good questions.
dpest
November 18, 2013 – 10:40 am
@Cody: I would imagine it would drive our costs up either way, I wouldn’t imagine that we would be able to adapt a lower-valued currency, since currently all currencies are based on our dollar.
Jeffhok1970
November 18, 2013 – 10:42 am
My plan for the week (if anyone cares): compete my T2 trades for CREE and LKND. Sell some of DDD calls, and try to figure out how to hedge my portfolio. I am probably too bullish.
dpest
November 18, 2013 – 10:43 am
@Cody: With other countries buying more precious metals that us, I wonder if our markets would become cheap to them, and maybe even investment opportunities, or if we’d end up being the giant that fell and is down for the count.
rkumar
November 18, 2013 – 11:03 am
any opinion on ctxs ,making apps for google glass
rkumar
November 18, 2013 – 11:03 am
is ctxs a buy here??
Jeffhok1970
November 18, 2013 – 11:27 am
@rkumar: CTXS is trading at the lower end of its 3 year range, consistent revenue growth, but also consistently choppy earnings. two out of three ain’t bad. I used Citrix in a previous life and did not like their products. BUT I can see why you like it here as an investment. R U going to start/add a position?
rkumar
November 18, 2013 – 11:28 am
maybe tomroow on ctxs
rkumar
November 18, 2013 – 11:28 am
guys oil goes to 75 next year–aeo and kss ok
calmdaw1
November 18, 2013 – 11:39 am
3d printing stocks strong again. I think they are getting ahead of themselves and will provide short opportunity, but not yet
JSmith
November 18, 2013 – 11:45 am
@calmdaw1: just ddd or rest?
calmdaw1
November 18, 2013 – 11:47 am
@JSmith: watching the whole sector.
JSmith
November 18, 2013 – 11:50 am
@calmdaw1: vjet is on rocketship today too
calmdaw1
November 18, 2013 – 11:56 am
@JSmith: yep, DDD is the laggard in the sector today, only up 5.5%
calmdaw1
November 18, 2013 – 12:08 pm
TSLA taking a beating again.
doug.sekula
November 18, 2013 – 12:19 pm
@calmdaw1: FB too.
eryba1
November 18, 2013 – 12:21 pm
@calmdaw1: tsla yes, fb retesting 46*47 support from last week, lnkd breather, goog good, gogo clobbered, fslr good, aapl holding in, cree up, znga digesting gains
calmdaw1
November 18, 2013 – 12:30 pm
@eryba1: what’s the verdict on the new iMac? I assume it is WAY better than the old Dell.
doug.sekula
November 18, 2013 – 12:43 pm
Just came back from the Apple store and man that MacBookPro with retna display is a beautiful machine.
eryba1
November 18, 2013 – 12:43 pm
@calmdaw1: I was wondering if someone was going to ask me that today.
eryba1
November 18, 2013 – 12:44 pm
It is night and day in terms of design, function, image quality, performance speed, but it dow come with a premium price and my dell was a 2010 model
eryba1
November 18, 2013 – 1:08 pm
@doug.sekula:After seeing the IMAc in use by me vs the older NON hi def image of the screens I had before + hardware to power the screens to make them as good as they are that in itself is a PRETTY big reason to upgrade. Again There are other hi def retina display LIKE devices out there on dell , hp and the like machines but as a total package if you can the ease of use so far on my mac, speed, beauty as most of their products are like works of art they are comfortable to use, perform well and like art on your desk.
doug.sekula
November 18, 2013 – 1:14 pm
@eryba1: Agreed
satishask
November 18, 2013 – 1:18 pm
@Cody: I am trying to buy a bit coin in Coinbase.com. This is the message they gave “Due to higher than normal buy volumes, we are unable to provide exact price quotes right now. Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Friday Nov 22, 2013 at 10:16AM PST.”
musa
November 18, 2013 – 1:20 pm
@satishask: thats crazy what if it goes up another $100 by friday, then what?
satishask
November 18, 2013 – 1:21 pm
@musa: Yeah exactly i dropped the idea for now. Do you or anyone here use any other site they could recommend to buy bitcoins without delay.
satishask
November 18, 2013 – 1:26 pm
@musa: I think they are speculating more price increase in bitcoins and only are buying but not selling from their site and giving a lame excuse that they reached their daily limit. “Note! We’ve exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Friday Nov 22, 2013 at 10:16AM PST’
musa
November 18, 2013 – 1:28 pm
@satishask: i agree with you
calmdaw1
November 18, 2013 – 1:29 pm
posted on scutify: TK – @TKlev My first $BTC purchase from last Sunday still hasn’t funded. Call me skeptical… @coinbase http://t.co/XAxWOqRUmQ
jahmon
November 18, 2013 – 1:32 pm
I am officially afraid to buy anything short or long
ebdavids
November 18, 2013 – 1:45 pm
Well, Jahmon, that about says it all. Actually, you’re sounding a little like CoinBase today.
musa
November 18, 2013 – 1:46 pm
lol
ebdavids
November 18, 2013 – 1:46 pm
Except CoinBase isn’t afraid. They’re salivating.
satishask
November 18, 2013 – 1:49 pm
Does anyone know if we can buy bitcoin in one site and sell in another site. For example buy in bitstamp.net and sell in mtgox.com?
JSmith
November 18, 2013 – 1:51 pm
@satishask: doubt it, but who knows
satishask
November 18, 2013 – 1:52 pm
@JSmith: There is a lot of price difference in each site. bitstamp has for 585 and mtgox for 670. Dont know why there is such a huge difference. bitcoin is a bitcoin in any site. I am going crazy thinking about this bitcoin stuff
JSmith
November 18, 2013 – 1:52 pm
When does FB become a good buy for a 10% bounce?
JSmith
November 18, 2013 – 1:55 pm
@satishask: yeah, I bought 1 from coin base a few days ago…the transaction is pending. Don’t know when this thing will crash back down. However, at least I may own 1
eryba1
November 18, 2013 – 1:56 pm
@JSmith: not knowing the price U buy something at and the site tells U u’ll know fri and today is monday makes it even worse.
ebdavids
November 18, 2013 – 1:57 pm
And that’s the point. Who knows? Like who knows if CoinBase isn’t executing buying till Friday, does that mean you can’t SELL on BitCoin till Friday either? Logic says so, right? So the price will just sit at that $600 figure for five days with nothing going on? Or do they handle buying and trading in the non-public back room and just reveal the price (to hopeful buyers and sellers) on Friday? While those other sites gleefully trade away? It’s like madness. It’s like bullshit. My brain hurts.
eryba1
November 18, 2013 – 1:57 pm
@JSmith: FB down near 5% is tempting even for me here for a small tranche, will watch and see how it performs until the close.
musa
November 18, 2013 – 2:00 pm
bitcoin seems the same as GLD, SLV and Iraqi dinars to me.
ebdavids
November 18, 2013 – 2:00 pm
Meanwhile The CoinBase home page has (had?) a large banner ad: “BitCoin. Safe and Easy.” Gotta love it.
Jeffhok1970
November 18, 2013 – 2:03 pm
I think it will be interesting to see how $BITCOINs play out. I will be watching from the sidelines for now.
Jeffhok1970
November 18, 2013 – 2:04 pm
Anyone buying tulip bulbs. They seem to be a good value. Plus, they have been bottoming since 1637. I think it is time for another Tulip bull market.
satishask
November 18, 2013 – 2:05 pm
https://en.bitcoin.it/wiki/MtGox mtgox.com seems to be good.
calmdaw1
November 18, 2013 – 2:05 pm
@Jeffhok1970: If tulips have bottomed after 380 years, does that mean I should hold until 2390 to see maximum price appreciation? lol
JSmith
November 18, 2013 – 2:07 pm
@eryba1: agree, it wasn’t like that when I bought at $420 a few days ago
ebdavids
November 18, 2013 – 2:13 pm
@JSmith: That’s hilarious — until I scrolled up, I thought you were commenting on BitCoins (“it wasn’t like that when I bought at $420 a few days ago”). A few days ago you could have bought BTC for just about exactly $420. Sure makes BitCoins a better retroactive choice than FB. (Not sure how they compare to tulip bulbs, though.)
JSmith
November 18, 2013 – 2:15 pm
@eryba1: looks like some article in Barron’s brought social media stocks down today…saying they are approaching bubble…let me know if you think this is a good point to buy more…just a buying opp. Will see if you buy more into the close or think it is likely to fall further. Don’t know at what point it breaks tech indicators and becomes a falling knife
eryba1
November 18, 2013 – 2:19 pm
@JSmith: I think FB is a much diff company and platform than TWTR. If that is the reason they are getting hit, then so be it, I will look to add perhaps in no rush at this point but a near 5% decline is an interesting level to add some. LNKD was up over 10% last week so a small pullback for now.
eryba1
November 18, 2013 – 2:23 pm
apple almost UNCH, GOOG up 1.3% ZNGA near 2% decline, cree hopefully finding further footing at 56+57 level, fslr basically unch. Meanwhile hi tech flyers yelp tsla scty gog twtr down 5–8%
Jeffhok1970
November 18, 2013 – 2:59 pm
i grabbed some TWTR puts today. bought the Jan 40 and Mar 38. we will see what happens…total spent < .6% of portfolio. hedge/term life insurance for my portfolio.
calmdaw1
November 18, 2013 – 3:06 pm
it will be interesting to see if the selloff intensifies into the close and also whether or not there is any follow-thru tomorrow
Cody
November 18, 2013 – 3:09 pm
@satishask: I’m thinking about that same arbitrage opportunity between the disparate bitcoin trading platforms. Can I buy some bitcoins on one exchange for .8X and sell it on the other exchange for 1.0X at about the same time? We can’t be the only people looking at doing that, but I’ve not actually tried arbitraging the $BTC markets yet.
ebdavids
November 18, 2013 – 3:21 pm
I’d guess that those disparities do exist show that you can’t arbitrage, or they’d have closed up by now. Except for that confounding thing about Coinbase (arbitrarily?) choosing not to trade (or at least sell) at all. Can the other sites do that, Cody? It’s the Wild West.
jahmon
November 18, 2013 – 3:28 pm
I have some Nov 20 vix calls that are expiring and I’m way down on them. They are jumping a bit right now. Sell all/some/hold? I’m not sure how to play this so close to the expiration. Can anyone give me any guidance? Thanks.
Jeffhok1970
November 18, 2013 – 3:35 pm
@jahmon: if they are in the money you might hold them to see what happens tomorrow. If they are out of the money I would probably take whatever you can get.
jahmon
November 18, 2013 – 3:35 pm
way out of the money, Jeff*
Jeffhok1970
November 18, 2013 – 3:38 pm
anyone have a take on the across-the-board sell-off that started at exactly 2:30. Most powerful bear move I have seen in a long time.
jpsr1975
November 18, 2013 – 3:40 pm
@Jeffhok1970: Icahn comments
doug.sekula
November 18, 2013 – 3:41 pm
Bought more FB. Expecting a bounce.
Jeffhok1970
November 18, 2013 – 3:42 pm
@jahmon: this is what I know A) the $vix might spike for you tomorrow
you will surely have time decay on your options.
Jeffhok1970
November 18, 2013 – 3:43 pm
@jpsr1975: thanks missed those…
jahmon
November 18, 2013 – 3:48 pm
@Jeff* I sold half and hoping for a VIX spike tomorrow. Thanks for the comments.
satishask
November 18, 2013 – 3:50 pm
@Cody: Let us know if you ever try to arbitraging the $BTC markets to make some profits by buying and selling in different trading platforms at the same time. If you device a strategy to do that, it will be easy money like the Venezuelan currency scam.
musa
November 18, 2013 – 3:54 pm
Icahn should have kept his trap shut. hes bringing his own stocks down
calmdaw1
November 18, 2013 – 3:58 pm
sold some more TSLA puts.
eryba1
November 18, 2013 – 3:59 pm
FB decline seems a bit harsh 6.5%
Cody
November 18, 2013 – 4:00 pm
@satishask: $BTC arbitrage would be “like” the Venezuelan currency scam, but at least it’s not a sanctioned arbitrage for only connected people.
Cody
November 18, 2013 – 4:01 pm
@musa: Icahn might have bought $10BB worth of SPY put exposure over the last two weeks and he’s cashing in on them right now.
calmdaw1
November 18, 2013 – 4:02 pm
@Cody: you think Icahn would do that? surely not, lol
kirank
November 18, 2013 – 4:03 pm
Seems so easy for big players to manipulate the markets.
kirank
November 18, 2013 – 4:04 pm
poor retail investors!!!
jimm
November 18, 2013 – 4:07 pm
I must have missed it but how do you buy bitcoin? Is there a symbol? Help. Thanks
Cody
November 18, 2013 – 4:07 pm
@kirank: We don’t have to try to play their game. Play our game, stick to our playbook, use their own manipulations as part of it.
Cody
November 18, 2013 – 4:08 pm
@jimm: Long story short – it ain’t that easy. http://tradingwithcody.com/2013/11/12/everything-you-need-to-know-about-bitcoin/
jimm
November 18, 2013 – 4:09 pm
Thanks Cody I will read the link. Jim
nevy72
November 18, 2013 – 4:09 pm
Hi Cody – Any thoughts on SGLB? Worth a flier? http://3dprintingstocks.com/sigma-labs-outperform/ (HEADLINE: Sigma Labs (SGLB Will Outperform All Other 3D Printing Stocks Over Next 3-6 Months).
Cody
November 18, 2013 – 4:17 pm
@nevy72: …”And the night of the concert, I got to hang with Billy Gibbons backstage and jam on his Les Paul after ward on the ZZ Top tour bus. Billy talked a lot about how great the Inn of the Mountain Gods in my home town of Ruidoso is and his wife who was also very cool, mainly grilled me about stocks, including several penny stocks that she owned. I told her to sell them all immediately…” http://blogs.marketwatch.com/cody/2011/10/03/simple-rule-dont-ever-buy-a-penny-stock/
nevy72
November 18, 2013 – 4:36 pm
Gotcha! Thought maybe there was some money to be made with a real cheap 3D stock that had an interesting write-up & promise. Thanks again!
TL15
November 18, 2013 – 4:36 pm
@Cody or @eryba1, Do you think that GDX is a wasted effort now? I don’t know if it’s ever going to get the recovery that it deserves with everyone pushing the markets farther and farther up.
eryba1
November 19, 2013 – 8:06 am
Intel rated new Buy at Mizuho NOV 19, 2013 | 7:39 AM EST INTC was initiated with a Buy rating, Mizuho said. $30 price target. 14 nm products could make a big splash in the market.
eryba1
November 19, 2013 – 8:13 am
@TL15: Gold has been in a downtrend for some time now since it topped out rt around 1900 an ounce. We have 2 options buy at these levels as its been in a channel 1350 – 1250 an ounce.As for the GDX or the GLD. We can either buy at these levels 116-125 and hope this is the bottom as its been trading there for some time, or we can wait for an uptrend to emerge. If someone is invested they can wait it out while their investment underperforms or they can wait for the etf in this case to start to perform better and then get invested.
JSmith
November 19, 2013 – 8:17 am
@eryba1: what do you think about Carl talk of a big drop. You still think we are headed higher before we go lower…
JohnnyT
November 19, 2013 – 8:36 am
That bitcoin is crazy! From $800to $520 in a matter of hours. Too bad I didnt jump on it back when i researched it at $35.
JSmith
November 19, 2013 – 8:41 am
@JohnnyT: yeah, I feel the same way about not buying Amazon in 1997
Jeffhok1970
November 19, 2013 – 8:49 am
Namaste money makers
eryba1
November 19, 2013 – 8:55 am
@JSmith: CARL? BIG DROP? i didnt see his post. big drop based on what? not sure what would be the reason. a correction can come at any time. FB down 6.5% but amazon aapl lnkd down 1-4% on prior nice moves last week or 2 . Vix was too low near 11 handle, sentiment a bit bullish but many funds lagging and now a seasonally strong time of the year. I can only manage and watch my individual stocks and see how they perform. Aside for CREE and FB most others from recent lows acting well. FSLR AMZN (AAPL sideways digesting move higher from 450) ZNGA, goog, 3d stocks, lnkd up 10+% last week from lows so a pullback.
eryba1
November 19, 2013 – 9:01 am
If U look at the PE of MANy stocks like a GOOg or AAPL ex cash they are single digit PE’s so why would we have a big bubble drop based on what? pullbacks are always healthy, they let others get in at lower prices. We have a few hi Pe stocks out there but many are growing 30-40 or more % a year. Lets see how we move into year end.
JSmith
November 19, 2013 – 9:03 am
http://www.marketwatch.com/story/dow-erases-gains-as-icahn-warns-of-big-drop-2013-11-18
JSmith
November 19, 2013 – 9:07 am
Funny how these Guys are so powerful now they can move the market with a tweet. Talk about easy ways for them to make money. Buy and tweet.
eryba1
November 19, 2013 – 9:13 am
@JSmith: There is no way to game an ican or soros or other billion dollar guy out there tweeting his opinion. Give us a reason why otherwise I revert to codys answer yesterday. For all we know he had 100 Million short the NAZ and covered yesterday. Lets focus on individual names their performance. ofcourse we need to watch the market and the moves in our names. yesterday was not fun, it was potentially a buying opp, we wont know 100% but we need to watch our positions, which ican or other is always our job not theirs
eryba1
November 19, 2013 – 9:16 am
but we need to watch our positions, whether an ichan or other it is always our job to tend to our portfolios not theirs. We cant let them sway us w/o good cause.
eryba1
November 19, 2013 – 9:43 am
Cramer said something VERY VERY shrewd NOW! If Ichan thinks the markets frothy, tell the markets through your tweet your selling your Hd or APPLE. Be specific so we know if U R selling your single digit PE stocks. This way when youyr sales are confirmed we know U R serious in your thoughts with direct actions vs spooking the market for whatever reason to benefit from a trade U have thats not working ala codys 100M short the NAZ position he coukld have had on and wasnty working and yesterday he could have gotten out
jahmon
November 19, 2013 – 9:45 am
Do Pandora earnings on Thurs have the makings of a Tesla? Anything but perfect and a crash?
eryba1
November 19, 2013 – 9:49 am
I have added back my TSLA for a trade position after selling it last week.
calmdaw1
November 19, 2013 – 9:51 am
@eryba1: might be a good trade on TSLA. finding some support at these levels
eryba1
November 19, 2013 – 9:52 am
cody covered yesterday so I want the other side of that trade
eryba1
November 19, 2013 – 9:53 am
@calmdaw1: watching and seeing some support for now. Was 195 hit 117 pre market. near 80 pt decline 40%
calmdaw1
November 19, 2013 – 9:54 am
@eryba1: I still have some puts in TSLA but not much. Been a GREAT ride down.
eryba1
November 19, 2013 – 9:55 am
i was at the mall this weekend buying the new computer and stopped in by TSLA showroom. The cars are again stunning. Any issues batteries or other can be resolved I believe. Nothing not out of the ordinary for a car company. Nothing like 200K 300K + like recalls from Nissan, Ford etc we see yearly
eryba1
November 19, 2013 – 9:56 am
@calmdaw1: yes BIG ride down!!
eryba1
November 19, 2013 – 9:58 am
JPM 13B penalty and the stock is UP nearly a 1%. It built a base at 51 for a few months now at 56.25 and seems to be headed higher
eryba1
November 19, 2013 – 10:00 am
will this be the catalyst for a TSLA bottom? Tesla shares tumble in premarket after request for federal probe of car fires. Many say they feared it was coming after TSLA fires. Strange thing is the car saved peoples lives vs gasoline = more combustable and the 3 drivers all wanted another car to replace theirs
musa
November 19, 2013 – 10:01 am
@eryba1: 13B is chump change for chase
eryba1
November 19, 2013 – 10:01 am
@musa: chump or not its money the company no longer has. Some havbe even asked the GOV what it plans to do with these funds
musa
November 19, 2013 – 10:02 am
maybe they will use it to make a new obamacare website
eryba1
November 19, 2013 – 10:04 am
@musa: that was a FIASCO!!! And when Obama admitted that people will lose their healthcare because of HIm he says SORRY. I mean was the goal of his healthcare was to get everyone to have healthcare not to get people to lose theirs. This is what happens when gov of our size, dysfunctional at times tries to do what the private sector (perhaps not healtcare) has at times done very very well.
TL15
November 19, 2013 – 10:33 am
@eryba1, do you have any intuition about what the markets will do in the near future? They seem very toppy and with extremely low volume, it would be the perfect set up for a decent pullback. But then again, that’s been the conversation for months now and yet they continue to edge higher and higher nearly every week.
eryba1
November 19, 2013 – 10:40 am
@TL15: I nor anyone else regardless of what they may say has a crystal ball. We need to manage our portfolio stock by stock, We discussed here before the correction we have had in FB CREE TQNT LNKD FSLR ZNGA JNPR rt after or leading up to earnings as many ran up into them or corrected before them like a GOOG. Earnings are over the markets have seem to rather than top out for now digest the move higher. This is seasonally the strongest months of the year. Money managers are lagging the markets badly and this could be a recipe for more upside in addition to our individual names regaining after their corrections. I know am doing my best to help goog/ amazon / apple and FB in terms of usage for their services and products.
eryba1
November 19, 2013 – 10:41 am
The economy is slowly improving The PE on the S&P is at 14-15 and many stocks have low PE’s based on their growth, We are not frothy for 90% of the market. So lets watch our stocks their behavior, performance and movement into year end.
TL15
November 19, 2013 – 10:44 am
Thank you for your thoughts
eryba1
November 19, 2013 – 10:45 am
@TL15: decent pullback- when tech corrected badly 2-3 weeks ago it seemed like a nice entry point. Fb retested those lows from 2-3 weeks ago yesterday. If the economy is truly improving as many have said at the dreamscape conf yesterday held by salesforce and the many interviews that came from it from ceo’s stated. Cloud, social, mobile and usage is all growing regardless of the dysfunction in washington for now
msamuels2000
November 19, 2013 – 10:52 am
@eryba1: What he meant to say was “If I like your policy you can keep it”. He’s a man of the people…when he says you he really means me…or is that the definition of narcissism?
eryba1
November 19, 2013 – 11:00 am
@msamuels2000: I dont want to get too political or kick him while hes down. However to hire a SMALl canadian IT company vs chose a HUGE GREAT running cloud like company capable of handling HUGE amounts of users all at once would have a been a no brainer BUY USA no?
eryba1
November 19, 2013 – 11:03 am
how many times has the CEO of csco or Salesforce.com said they handle that sort of data usage for clients every day. Either way whats done is done for now. Now the BIG fix is on pun or no pun intended
msamuels2000
November 19, 2013 – 11:16 am
@eryba1: Whether its Tammany Hall, The Chicago Way or Washington…when government doesn’t fear the people they are emboldened and always head down this slipperiest of slippery slopes to cronyism and it hurts everyone
calmdaw1
November 19, 2013 – 11:29 am
bought a few DDD puts
msamuels2000
November 19, 2013 – 11:52 am
@calmdaw1: good thinking way overbought. I’m going to trim and look for a 10-15
msamuels2000
November 19, 2013 – 11:52 am
% pullback
ebdavids
November 19, 2013 – 12:18 pm
@Cody: Cody or anyone. Not that i’d do this right now — I’m not THAT crazy — but do you, or anyone, know if it’s possible to short BTC? (
Olivepetunia
November 19, 2013 – 12:23 pm
@ebdavids: I think you would need to find someone to “borrow” them from. When you buy them where are they kept? Who manages them?; Or it would require a BTC fund; then you could short the shares and they would probably have options as well.
jahmon
November 19, 2013 – 12:24 pm
Details on the DDD puts calmdaw1?
eryba1
November 19, 2013 – 12:24 pm
@ebdavids: why crazy? at 600 value, no one knows current fair market value until friday for orders placed this week. Thats more crazy than to short a 600 dollar value if even thats accurate today.
Cody
November 19, 2013 – 12:27 pm
@ebdavids: I’m with Olive, if you can find someone to borrow some bitcoins from, then you can sell them and promise whoever you borrowed them from that you’ll give ’em back someday, which means you’d have to go buy some bitcoins to replace the ones you’d sold that weren’t yours to begin with. If bitcoin is down since you borrowed and sold it, then you can buy it cheaper than you sold it for and give them back to the person you borrowed them from originally and pocket the difference as profit. If bitcoin were to go up another 10-fold after you borrowed it and sold it, you’d be looking at a 1000% loss on the trade and I’d imagine whoever you borrowed it from would make a margin call and demand their bitcoins back!
eryba1
November 19, 2013 – 12:27 pm
@ebdavids: its just a wild west like anything goes condition at this point. It was in this weeks time magazine cover story as the currency behind the dark side of the internet
calmdaw1
November 19, 2013 – 12:31 pm
@jahmon: Jan 14 70 and below on the DDD puts. smallish trade.
jahmon
November 19, 2013 – 12:41 pm
Thanks
calmdaw1
November 19, 2013 – 12:44 pm
@jahmon: no problem. if it doesn’t work it could be a total loss so I would definitely tread lightly
nevy72
November 19, 2013 – 12:47 pm
3D stocks crushed today…..anyone have a take on this? Profit taking or will we see continued pullback from the “overhype”?
nevy72
November 19, 2013 – 12:49 pm
Buy on these pullbacks on the 3D’s or be patient?
eryba1
November 19, 2013 – 12:56 pm
@nevy72: crush? at look at the chart DDD 48 to 78 move, some profit taking is warranted. xone 43 to 63
TL15
November 19, 2013 – 12:59 pm
@Cody, Do you have any expectations for your GDX calls or do you believe it’s more of a possible hedge or a mea culpa at this point?
nevy72
November 19, 2013 – 1:01 pm
@eryba1: Sorry, VJET, ARCW
nevy72
November 19, 2013 – 1:03 pm
@eryba1: ONVO
eryba1
November 19, 2013 – 1:12 pm
29 to 69 in a few short weeks, pullback down to reality
Cody
November 19, 2013 – 1:17 pm
@TL15: I’ve gone back many times, including recently, and have found that my 300-1000% gains in options like we’ve had on $FB and $XONE and $FSLR and $TSLA and others, have more than made up for the times I’ve lost 100% on options like we probably will on the $GDX calls. http://tradingwithcody.com/2013/11/13/cody-kiss-tell-more-common-than-options-successful-tranche-buying-and-only-a-small-amount-in-bitcoins/
Cody
November 19, 2013 – 1:17 pm
Q. Cody, any more recent thoughts on Gold and our option plays around it? A. Sometime before year-end there likely could finally be a comeuppance in the gold delivery markets like the COMEX where there are currently 55 claims of paper promises to deliver each ounce of gold that actually sits in delivery vaults. 55x leverage. That’s more than AIG or Bear Stearns in 2008. I’d rather own gold coins than promises heading into year end, that’s for sure. GDX call options are as long-shot to pay off for us by January as ever. Mea culpa on those. http://tradingwithcody.com/2013/11/06/cody-kiss-tell-the-bubble-blowing-bull-market-fb-upside-and-crazy-cree-chart/
ebdavids
November 19, 2013 – 1:21 pm
@Cody: Thanks for the cynical/not cynical answer on BTC. Fun to sit back and watch the madness. And speaking of madness, BTW, excellent article a couple of hours ago. “Those who ignore history are condemned to repeat it,” etc.
jahmon
November 19, 2013 – 1:32 pm
@calmdaw1 up 30% already
calmdaw1
November 19, 2013 – 1:34 pm
@jahmon: nice. if you get up 50% you could sell 2/3 to recover the cost and let the remaining 1/3 ride
Cody
November 19, 2013 – 1:39 pm
See pic. Sticking with the #bubbles historical theme, ala Bernanke is Rasputin, so too are bitcoin $BTC miners simply alchemists. Hoohah. http://www.scutify.com/scuttles.html#s528badead36feb1b30da9521
calmdaw1
November 19, 2013 – 1:45 pm
@Cody: scutify question. Can you set up the site where if I move from one page to another it automatically refreshes the info?
Jeffhok1970
November 19, 2013 – 2:14 pm
@Cody: great newsletter today.
eryba1
November 19, 2013 – 2:17 pm
the market is correcting ALL the high flyers SCTY SSYS DDD VJET ONVO (TSLA until today) and reseting things meanwhile the averages are down just a bit so far. Productive in a way, to remove the excess froth while other stocks aapl amzn fb znga lnkd hold their ground for now. Lets see how we do the final 2 hrs. I am looking to add to my FSLR position but only on a further pullback.
nevy72
November 19, 2013 – 2:21 pm
@eryba1: How much further on FSLR?
eryba1
November 19, 2013 – 2:37 pm
@nevy72: 58 if we see it
nevy72
November 19, 2013 – 2:40 pm
Cool. Hope it gets there!
eryba1
November 19, 2013 – 3:02 pm
@nevy72: if market finds footing we wont see 58 as hi flyers froth getting clobbered and others who corrected are holding their lowered ground for now. FB LNKD ZNGA
eryba1
November 19, 2013 – 3:09 pm
Jim Cramer states what I have been feeling and saying this week : Just let it come in already. This is a market that wants to come down. It is worried about its own shadow. If oil goes down, it’s because demand is weak. Retail sales are competitive? The consumer’s weak. Fed doesn’t taper? The job market’s weak. Dollar goes down? The nation’s weak. But the market clings. It doesn’t give up the ghost. It’s annoying to bulls and bears alike. To which I say, terrific. The market goes up hard and then retreats softly. It’s four steps forward and two steps back. Ultimately, we are due for another scare.
eryba1
November 19, 2013 – 3:09 pm
But we know that at a certain point these stocks catch bids and hold in after a couple of days, but they have to have a few days of weakness before the bottom. They just don’t give up the ghost. It seems that nothing gives up the ghost anymore. And I think it stays that way until the end of the year.
rkumar
November 19, 2013 – 3:19 pm
any opinion on sap
rkumar
November 19, 2013 – 3:20 pm
and data??
eryba1
November 19, 2013 – 3:25 pm
@rkumar: just by looking at charts. SAP looks good could consolidate a bit. data looks bad but triple bottom here at 60.
eryba1
November 19, 2013 – 3:32 pm
data I meant to say it could be a triple bottom but one would have to wait and see next direction as its been at 60 for 3rd time in a few weeks now.
jahmon
November 19, 2013 – 4:58 pm
CREE just getting its brains bashed in…
eryba1
November 19, 2013 – 5:07 pm
@jahmon: looking for 2nd LONG W bottom portion to form if at all. For now its not performing but not many stocks are the past few days. Thats why smart to have limits of the position and knowing its size and if you plan to hold it or sell looking to reinvest in better performing stocks.
eryba1
November 19, 2013 – 5:08 pm
Yahoo increase buy back by 5 BILLION dollars A/H
Twarne
November 19, 2013 – 5:34 pm
Anyone notice Inter Cloud Systems–OTCBB-ICLD? Recent IPO- Stock approx 3X IPO price. 3rd qtr. sales up 446% over last year-Gross income $5.5 million on $16.2 million slew. Net income $1.3 million or .26 per share–.12 diluted. Single source provider of IT Tech and Telecom. Any comments? Cody?
jahmon
November 19, 2013 – 5:34 pm
I sold half of my CREE common a few days ago when things kept getting weird.
eryba1
November 19, 2013 – 5:51 pm
@jahmon: GOOD FOR U. really we all need to have EXIT plans for our positions. The hardest thing to do is be making back lost money, putting our money to work in a stock that isnt. Wait for uptrend to emerge then we all know its safer to invest. Sometimes that means sitting pat, or exiting a non working position if for whatever reason its not working for u.
JSmith
November 19, 2013 – 6:13 pm
@eryba1: you hanging into CREE for now?
carl
November 19, 2013 – 6:43 pm
@cody What is your take on yelp?Is boeing a buy now, or is it too late?
JSmith
November 19, 2013 – 7:31 pm
http://nm.10086.cn/eshop/DZSWClient/subject/4G_Details.jsp
JSmith
November 19, 2013 – 7:33 pm
above, first time I have seem Iphone 5S and 5C on China Mobile website. Can’t buy, think it says stayed tuned. Not sure why you would put it there if you don’t plan to sell soon.
musa
November 19, 2013 – 7:33 pm
@JSmith: that japanese is hard to read
JSmith
November 19, 2013 – 7:37 pm
@musa: it is Chinese lol
JSmith
November 19, 2013 – 7:42 pm
When you click to buy, the thing that pops up says “stay tuned”
JSmith
November 19, 2013 – 7:44 pm
Not sure about anything else
eryba1
November 20, 2013 – 8:01 am
PCLN was added to the conviction list at Goldman on the basis of a European recovery, mobile traffic growth and economies of scale. TWTR was downgraded to Hold from Buy at Cantor, again a valuation call, with the shares trading at 20x EV/Revenue (compared to FB’s 10x EV/Revenue).
eryba1
November 20, 2013 – 8:11 am
Priceline.com added to Conviction Buy List at Goldman NOV 20, 2013 | 7:47 AM EST PCLN was placed on the Conviction Buy list, according to Goldman Sachs. Company is gaining ground in the U.S. Price target also boosted to $1,500.
eryba1
November 20, 2013 – 8:36 am
CREE: On recent Home Depot CC : perhaps best and most pointed metric, the new Cree (CREE) TrueWhite bulb was called out as a great seller. That’s because, as executive vice president of merchandising Craig Manear points out, the bulb “gives off some of the best natural color when compared to other LED bulbs.” Two takeaways there: First, terrific — maybe my house won’t look so two-toned outside. Second, you have to, once again, take a look at Cree shares. Even though the stock is up 59% for the year, it’s still way off its highs.
Jeffhok1970
November 20, 2013 – 9:05 am
Namaste brilliant minds! I see a great day ahead.
Jeffhok1970
November 20, 2013 – 9:06 am
@eryba1: Thanks for the CREE note. been looking to add just can’t seem to pull the trigger.
eryba1
November 20, 2013 – 9:07 am
@Jeffhok1970: its not acting well so hard to invest trying to catch the bottom 65 then 60 now 54. thats one style maybe better to wait for upside to emerge and know a bottom is in place where ever it is
calmdaw1
November 20, 2013 – 9:10 am
Will Gold break out of the 1250-1350 channel? Getting close on the low end
eryba1
November 20, 2013 – 9:11 am
@calmdaw1: who knows its in a bear market since near 1900 an ounce. Will have to wait do we see one last woosh down or more channel action and a break to the upside one day.
calmdaw1
November 20, 2013 – 9:12 am
@eryba1: might find out today after the Fed minutes
eryba1
November 20, 2013 – 9:13 am
its unclear what will be the trigger for a woosh down or break above the channel.
eryba1
November 20, 2013 – 9:52 am
added to my FSLR today
Olivepetunia
November 20, 2013 – 9:57 am
@eryba1: What price? Thought that you were waiting for $58; what changed your mind?
rkumar
November 20, 2013 – 10:01 am
any opiniuon on yelp??
eryba1
November 20, 2013 – 10:02 am
news amazon @Olivepetunia: yes I was I dont think we see 58 , if we do I left room to add
eryba1
November 20, 2013 – 10:04 am
I exited tsla early this morning for a small $$ its too much of a battle stock. yesterday I read they were looking to increase cars height clearance as may be too low to ground. so what do they do with cars out on the road already.
eryba1
November 20, 2013 – 10:04 am
@Olivepetunia: 61.4
eryba1
November 20, 2013 – 10:05 am
@rkumar: yelp, love the service stock maybe W bottom forming here. lets see
calmdaw1
November 20, 2013 – 10:05 am
@eryba1: I thought it was a computerized fix in the current cars that they could do
eryba1
November 20, 2013 – 10:06 am
@calmdaw1: height clearance issue? I dont know just sounds like stock needs a break sideways to mend things and digest all the news and affects current news out there has on sales.
eryba1
November 20, 2013 – 10:07 am
It was a small position so Ill look to add to stocks like FSLR AAPL GOOG
calmdaw1
November 20, 2013 – 10:07 am
@eryba1: yes, something where they could send out an update and the computer would raise the ground clearance at highway speeds.
Olivepetunia
November 20, 2013 – 10:08 am
@eryba1: news amazon? Pls explain how this relates to FSLR.
eryba1
November 20, 2013 – 10:08 am
@calmdaw1: could be. for now a battle of news, sales, battery issue etc. I can always get back in but for now I have moved on
calmdaw1
November 20, 2013 – 10:09 am
@eryba1: pretty impressive technology though. it is done over the air. don’t even have to take the car to a shop or anything
eryba1
November 20, 2013 – 10:10 am
@Olivepetunia: amazon one of my largest holdings. I live on amazon and everyone I speak to with kids or other we discuss the subscribe and save program, or if they have prime accts and we give gifts that way B day and other rt into their accts. Like on FB a friends brother I havent seen in 23 years had ab day in california. I sent him a starbucks gift from FB.
eryba1
November 20, 2013 – 10:11 am
@calmdaw1: very cool I love the car would wnat one myself one day. let see how far this bubble gets and codys targets attain
eryba1
November 20, 2013 – 10:13 am
@Olivepetunia: This holiday shopping season Nov Dec and Jan I have my kids B days, holidays etc and literally EVERYTHING is being bought from amazon, furbys, xbox 1, batteries, shoes fropm zappos etc
drefleury
November 20, 2013 – 10:16 am
is FIO going down the BK road? I was on the wrong side of those options…. lol
Olivepetunia
November 20, 2013 – 10:17 am
@eryba1: Your post was: “news amazon @Olivepetunia: yes I was I dont think we see 58 , if we do I left room to add”; I thought there was a relationship but it seems they were two unrelated statements. Sorry for the confusion.
eryba1
November 20, 2013 – 10:19 am
@Olivepetunia: sorry for my rambling. amazon- holding my position into year end unless I see something to change that. FSLR adding back to that position
eryba1
November 20, 2013 – 10:22 am
fio are 3 letters I need not ever say again
eryba1
November 20, 2013 – 10:40 am
no matter what HD said about CREE lightbulbs selling very well and well enough to mention it in their CC Cree trades like a dog of the dow at now has a 53 handle as it gets further oversold
calmdaw1
November 20, 2013 – 10:43 am
@eryba1: any idea what percentage of CREE sales come from the retail end vs. the commercial side?
eryba1
November 20, 2013 – 10:50 am
@calmdaw1: my medium sized position in cree is nearing that 10% decline threshold that according to my rules if it violates I will need to sell.
eryba1
November 20, 2013 – 11:04 am
@calmdaw1: I am not sure of that breakdown %
nevy72
November 20, 2013 – 11:10 am
Hey Cody – When would you jump back in and go long on DDD, XONE, VJET, SSYS or would you go short? Any thoughts would be appreciated!
doug.sekula
November 20, 2013 – 11:30 am
Bought more FSLR
eryba1
November 20, 2013 – 11:35 am
sndk is looking interesting. Looking for support at the 66 area.
calmdaw1
November 20, 2013 – 11:37 am
money doesn’t grow on trees but you can find $1 million worth of gold in an airplane toilet, lol
calmdaw1
November 20, 2013 – 11:37 am
Cody
November 20, 2013 – 11:55 am
@eryba1: You sold stocks high, so now you’re starting to tranche back in lower?
Cody
November 20, 2013 – 11:55 am
@calmdaw1: Post that on Scutify too pls.
kirank
November 20, 2013 – 11:56 am
Hi Cody, what are your thoughts on INVN?
calmdaw1
November 20, 2013 – 11:59 am
@Cody: no problem.
Cody
November 20, 2013 – 12:02 pm
@kirank: Looks interesting at these levels again. 20 fwd P/E and 20% topline growth. If they can deliver that growth, the stock will get back up towards a 30 fwd P/E in this bubble-blowing bull market and that would probably mean closer to $30. All best are off if the markets/economy go haywire along the way. Tranche buying and selling is key, too, remember.
Cody
November 20, 2013 – 12:03 pm
@kirank: INVN Looks interesting at these levels again. 20 fwd P/E and 20% topline growth. If they can deliver that growth, the stock will get back up towards a 30 fwd P/E in this bubble-blowing bull market and that would probably mean closer to $30. All best are off if the markets/economy go haywire along the way. Tranche buying and selling is key, too, remember.
kirank
November 20, 2013 – 12:19 pm
Thanks cody
joe.evicel
November 20, 2013 – 12:35 pm
What do you guys think of $XONE pullback $53.03. Good buying opportunity? or possible further pullback.
MOBYDOC
November 20, 2013 – 12:36 pm
@eryba1: @Cody: Cody put $TQNT in the penalty box a while ago. I’m now down 11%. Did it get a major or a minor penalty ? Should I get out or wait out the clock ?
Jeffhok1970
November 20, 2013 – 12:46 pm
@joe.evicel: I think we can get it at a better price. it is falling hard and fast. I was thinking 49-50 area. my 2 cents
nevy72
November 20, 2013 – 1:02 pm
Hey Cody – When would you jump back in and go long on DDD, XONE, VJET, SSYS or would you go short? Any thoughts would be appreciated!
eryba1
November 20, 2013 – 1:19 pm
@Cody: Yes sold higher on CIEN LNKD FB and then they each had 10-20% declines and I bought back. why?
eryba1
November 20, 2013 – 1:29 pm
nice breakout move in ZNGA, volume looks good too. lets see the close.
eryba1
November 20, 2013 – 1:48 pm
@MOBYDOC: if your down 10-11% on tqnt thats something for you to think about. the size of the investment? would your $ be better served elsewhere? do U want to sell some and hang on to the rest. I have learned the hard way that when your investments under perform they literally weigh on you. Each one of us has to make their own decision when things arent working well to change the direction if we so choose. I can not have underoper forming stocks of size in my acct. why not reinvest in better acting stocks or wait for things to develop while in cash or less of an investment in that declining name.
Cody
November 20, 2013 – 1:55 pm
Come meet me right now for this week’s Live Q&A Chat at http://tradingwithcody.com/Chat.
slonda
November 20, 2013 – 2:24 pm
Cody, time for CISCO entry? thanks
calmdaw1
November 20, 2013 – 3:02 pm
I post one funny link about finding Gold in an airplane toilet and Uncle Ben decides to flush it.
eryba1
November 20, 2013 – 3:07 pm
I was surprised by codys response for the best stock in 10 years which frankly is a LIFETIME away. Cody did use a small caps like stock so that ruled out some of our large caps holdings. I would have said FB as it seems to be growing the fastest and the most potential as these non users kids grow up, use FB and the current users just use it more and more. It becomes an eco system you dont want to do without and distant fam and friends are just an APP away.
eryba1
November 20, 2013 – 3:08 pm
@calmdaw1: looks like the gld and gdx want to retest those june lows GLD 115 ish and GDX 21-22
jahmon
November 20, 2013 – 3:12 pm
and I ALMOST bought puts in Voxeljet…
calmdaw1
November 20, 2013 – 3:16 pm
@jahmon: DDD puts have worked well for you though, right?
Cody
November 20, 2013 – 3:17 pm
@jahmon: And I was looking out 10 years, not for the next 10 months.
jahmon
November 20, 2013 – 3:18 pm
@calmdaw1 Yuppers, up about 85%. I sold to get my initial investment back and letting them ride per your advice. Thanks again!
calmdaw1
November 20, 2013 – 3:18 pm
@jahmon: no problem
eryba1
November 20, 2013 – 3:18 pm
I had sold all my Xone a while back at 53-54 so today on codys talk of upside for xone and 20% correction in 2 straight days from 64 to 52 I will make my 1st tranche buy here.
jahmon
November 20, 2013 – 3:19 pm
@Cody Guessing you are referring to XONE/3D stocks? I agree with you.
Cody
November 20, 2013 – 3:19 pm
@slonda: I like JNPR cuz it should be taking share from CSCO.
jahmon
November 20, 2013 – 3:20 pm
Is is odd that VIX is basically unchanged today? I would think it would be spiking. I don’t pretend to understand it.
calmdaw1
November 20, 2013 – 3:20 pm
if TSLA cracks this level, I expect another 10 pts in relatively short order
Cody
November 20, 2013 – 3:20 pm
@jahmon: It can take time for volatility to show up. Need a few 100-200 point DJIA swings over a week or two to get VIX back up to the high teens.
jahmon
November 20, 2013 – 3:22 pm
Yeah…it jumped a bit yesterday I think and today seems gloomier…speaking of hedges/puts….Pandora reports tomorrow…another TSLA-esque moment? Report has to be perfect otherwise punished? What do you expect?
ebdavids
November 20, 2013 – 3:44 pm
@Cody: Cody — you were asking for some info on Tableau (DATA) in the Weekly Q&A. Here’s an SA item from a few weeks ago, by a guy with (in my mind) a tremendous record in his infrequent analyses and calls (often calls for shorting). Hope it’s helpful. http://seekingalpha.com/article/1760432-tableau-the-dv-market-just-got-more-crowded?v=1383341995&source=tracking_notify
eryba1
November 20, 2013 – 3:50 pm
niin a mostly RE day NICE volume and breakout on ZNGA today 4.24 up 6% on 43M shaves so far when the avg daily vol is 23M
eryba1
November 20, 2013 – 4:02 pm
Nice 55.6M shares in 10 last min since my post of 43M shares an additional near 13M extra shares traded in znga. ZNGA helped out today in a sea of RED
eryba1
November 20, 2013 – 4:48 pm
The good news is that we need this sort of action to set up for a good run to end the year. The market is too extended on lighter volume.
eryba1
November 20, 2013 – 5:54 pm
Zynga (NASDAQ:ZNGA): Zynga has won a lawsuit against Personalized Media Communications, potentially saving the company up to $25 million in fines. Part of the lawsuit centered on the so-called “generating step,” a process by which coins in a game are given out but then more are needed to complete certain actions. Zynga has maintained that it has done nothing wrong throughout the trial.
