Subscriber Chat Room Archive (October 24th – October 30th)
Here is the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
eryba1
October 25, 2013 – 12:57 pm
@jchuosu: good move there!!
jchuosu
October 25, 2013 – 12:59 pm
@eryba1: this market sure looks toppy, but im hedging against a pretty good year so far. thinking of call spreads on FB to eliminate some of the premiums
eryba1
October 25, 2013 – 1:00 pm
@jchuosu: toppy- yes MANY calling for that, but we can trade sideways too to eliminate that, although that prob wont help the VIX at a 13 low so lets be patient and not give back too much of the hard won gains this year so far.
eryba1
October 25, 2013 – 1:04 pm
gld breaking higher?
indiasilver
October 25, 2013 – 1:42 pm
What is the feeling on PCLN puts Cody recommended a couple weeks ago? Almost nothing but up since then. Even the down days start off down, then get recover some as the day progresses. Today is a case in point.
rkumar
October 25, 2013 – 1:42 pm
im with cody
rkumar
October 25, 2013 – 1:42 pm
i think mkt corrects
George Mtz
October 25, 2013 – 1:45 pm
Hi Cody, would like to know why did you trim Apple? Do you see a poor performance or something you that we should no in addition to all the information we have received?
JeffDaniel
October 25, 2013 – 1:47 pm
Does anyone have predictions after the Apple earnings annc?
eryba1
October 25, 2013 – 1:54 pm
@George Mtz: U trim after a big run and think the market and your stock may pullback, eb and flow aaple had a great move from 450 to 533
eryba1
October 25, 2013 – 1:55 pm
@rkumar: I do as well , but we need to see signs of a crack to anticipate isnt working as we keep going higher.
jpsr1975
October 25, 2013 – 1:55 pm
Someone trimming AMZN?
doug.sekula
October 25, 2013 – 1:55 pm
Bought more VXX
doug.sekula
October 25, 2013 – 1:56 pm
A little hedge
George Mtz
October 25, 2013 – 2:07 pm
Has been a good run for Apple but not for the year and latest results have been pretty good as well as the China Mobil deal?
eryba1
October 25, 2013 – 2:07 pm
@George Mtz: correct
eryba1
October 25, 2013 – 2:11 pm
volume is again very very thin today. less and less volume taking stocks higher- not a good sign
drefleury
October 25, 2013 – 2:14 pm
@eryba1: what do you think about apol puts? kinda pricey
eryba1
October 25, 2013 – 2:16 pm
@drefleury: options not my forte
drefleury
October 25, 2013 – 2:16 pm
got in some december 27’s. we’ll see.
drefleury
October 25, 2013 – 2:17 pm
any idea whats the best way to buy bitcoins?
George Mtz
October 25, 2013 – 2:19 pm
erybal1: what is the streets whisper regarding Apple report, do you know?
eryba1
October 25, 2013 – 2:20 pm
@drefleury: im@drefleury: U find this useful: http://btcgeek.com/where-to-buy-bitcoins-in-us/
eryba1
October 25, 2013 – 2:21 pm
@George Mtz: does apple have whisper anymore after is endless decline to 400’s?? : ) will have to check. I am sure there is some who is whispering now that APPLE said hey guys iphone 5S selling like MAD vs the analysts disregards and stock decline the day the phone was released
drefleury
October 25, 2013 – 2:21 pm
@eryba1: thanks
George Mtz
October 25, 2013 – 2:22 pm
agree!
George Mtz
October 25, 2013 – 2:24 pm
But, the real deal was different iphone 5S has been selling as # 1 since its arrivel world wide!
jpsr1975
October 25, 2013 – 2:33 pm
Someone trimming AMZN?
eryba1
October 25, 2013 – 2:37 pm
@jpsr1975: I mentioned here many times I started buy more and more after my subscribe and save program initiation with amazon after already being a prime member. That was the same time I wrote the article that was sent out to all TWC subscribers. The stock was at 250 at the time. at 333 and a 35% gain I had to trim some to protect that gain. Now I know ist safer to buy on any pullback and if market corrects it will pullback.
eryba1
October 25, 2013 – 2:42 pm
@jpsr1975: its wiser to look at my trim vs where the stock is when I buy again and I know it will most probably be higher than where I last sold, I look at the spread / difference as the insurance premium to know its safer to buy vs a bad report and see a 10+% decline of sorts we have seen in CREE TQNT as 2 examples of trying to wager on earnings
George Mtz
October 25, 2013 – 2:45 pm
Makes sence eryba 1
ebdavids
October 25, 2013 – 3:47 pm
@eryba1: Hi there. Yesterday you mentioned FFIV. Are you long/short? What are your thoughts going into ER? I just read a very compelling case for shorting (actually, buying puts) on the stock awaiting management discussion on November 14 — from a guy who is very articulate, very smart, very right on short calls. (Hasn’t missed since i’ve been following him.) http://seekingalpha.com/article/1768182-f5-networks-multiple-contraction-storm-coming?ifp=0 Your thoughts? (Don’t rush; i knw it’s end of day .) Would loveyour response to the analysis (even though i know you don’t do options) if possible. Thanks.
eryba1
October 25, 2013 – 3:52 pm
@ebdavids: I mentioned FFIV in regards to the weaker action in CIEN who reports in dec yet was and is now down $3.5 or 15% in short order from its hi as JNPR EMC AKAM and FIO all reported weaker sales. I am not long or short ffiv
ebdavids
October 25, 2013 – 3:54 pm
Well, i encourage you to read the analysis just for your enjoyment (and reaction). I bought some puts based on it an hour and a half ago, and they’re up 40% . . . though of course i know that could just be a fluje. I’ll be patient.
ebdavids
October 25, 2013 – 3:54 pm
fluje = fluke!
eryba1
October 25, 2013 – 3:55 pm
@ebdavids: whats interesting is from amazon NFLX and other sources network traffic is surging and only increasing as demand from customers is increasing exponentially wired and wireless
ebdavids
October 25, 2013 – 3:56 pm
yes.
eryba1
October 25, 2013 – 4:26 pm
It was a wild week for some of our holdings, TQNT CREE & JNPR got HIT badly and CIEN fell about 13% in sympathy to JNPR and other networking stocks ( emc,fio & Akam weaker reports), while others had very positive reports and reactions ex AMZN, ZNGA & MSFT. Next week we get AAPL, FB, FSLR,LNKD, DDD. The market is still overbought, vix is stuck at 13, Bullish sentiment is still VERY hi and the greed index is still+60. If U havent trimmed its not too late. Gold closed above its 50 day moving avg and may be foreshadowing a new leg higher but well need a clear break on better volume to the upside. Asia was weak overnight and well see if that continues. Have a good weekend, rest up well be back here Monday morning with many heavy hitters reporting next week
ebdavids
October 25, 2013 – 4:28 pm
Good recap! Enjoy your weekend.
eryba1
October 25, 2013 – 4:32 pm
Plus the yield on the 10% is stuck at 2.5 which is troubling for now showing demand is so hi that yields dropped from 3% about a month ago to 2.5%. People are opting for small % yields in the Huge bond market (its size dwarfs the stock markets’) vs putting money to work in stocks at these levels. Lets watch all these points and see how it unfolds.
doug.sekula
October 26, 2013 – 12:35 am
@eryba1: I agree with ebdavids, good recap! Enjoy the weekend.
SamsaricSufferer
October 26, 2013 – 12:51 am
Does anyone have a feel for how FF is going to be affected by proposed EPA
SamsaricSufferer
October 26, 2013 – 12:56 am
Renewable Fuels Standard 2014 rule (RIN 2060-AR76). They are getting pushed hard by the refiners to lower the ethanol boondoggle volume requirement for 2014. FF derives 46% of revs from biomass (not ethanol) diesel http://tinyurl.com/kwjppal
SamsaricSufferer
October 26, 2013 – 12:59 am
Previous link was Reuters article. This link is from EPA: http://tinyurl.com/moj9j6y. I am wondering if FF will be a collateral casualty like CIEN has been in the network infrastructure sector hit. The EPa is supposed to have the rule issued by Oct. 30 but who knows how the shutdown may have altered that.
SamsaricSufferer
October 26, 2013 – 1:19 am
FF is trading funky as well. Set an new 52W high (19.09) on 10-21 but down 4 out of last 5 trading days including 10-21. Cody trimmed it on 10-21. I trimmed late last month but still holding a small position (4% of port). Was considering nibbling at FF until I dug a little deeper as to the whys of the last week’s trading. With flips and divvies I have whittled my average cost per share down to 10.48. Now, I am at a real buy-sell-hold inflection point. It isn’t profit until it’s booked. Any input would be appreciated.
eryba1
October 26, 2013 – 4:47 am
@SamsaricSufferer: If U have any CONCERN SELL! U can always buy back if it goes higher after the smoke is cleared of there is resolution then the diff from what U sold vs the new higher price is the safety premium and a sign U can get back in, If it falls well then move on. Once again we want to invest where our money finds a productive investment a stock on the rise or investing after some bottom is in. Not an investment where we fear potential news pending. There are SO many stocks out there to invest that have better looking and acting charts why stock or buy ones that are starting to downtrend or whose charts just look horrible. Earnings seasons is a great way to see what stocks that markets tell us are the next or chosen leaders with the reaction to earnings.
drefleury
October 27, 2013 – 2:08 pm
@Cody. Would love your thoughts on INVN. Looks like it wool fit well in our portfolios.
Cody
October 28, 2013 – 2:32 am
The Scutify app is now available for both Android and iPhone. Scutify is basically an expanded stock-market-centric twitter (here’s the Scutify $TWTR feed for example). It’s the best stock market app out there. Click here to download the Scutify Android app or click here for the Scutify iPhone app.
SamsaricSufferer
October 28, 2013 – 6:00 am
Another take on MSFT from Marketwatch. Maybe they didn’t have such a great quarter after all: http://www.marketwatch.com/story/microsoft-deferred-sales-bookings-raise-eyebrows-2013-10-26
eryba1
October 28, 2013 – 8:47 am
Facebook estimates, target raised at Credit Suisse OCT 28, 2013 | 8:26 AM EDT Shares of FB now seen reaching $61, according to Credit Suisse. Estimates also increased, given higher mobile app install adds. Neutral rating.
eryba1
October 28, 2013 – 10:06 am
gld gdx and slv getting a little pop into the green off this lower pending home sales #. lets watch volume and the days close.
ljjian1
October 28, 2013 – 10:28 am
@erba1: When do you intend to start acting upon your vision for the future of entertainment? what are the trigger points you will lookout for to start?
jahmon
October 28, 2013 – 10:29 am
Scutify is awesome
Cody
October 28, 2013 – 10:31 am
Good morning all! Back in the saddle again.
Cody
October 28, 2013 – 10:31 am
@jahmon: Do you use the Scutify.com app or the site or both? And thanks for the feedback! I’m digging the Scutify.com pretty good and it’s growing like crazy.
msamuels2000
October 28, 2013 – 10:38 am
@Cody: iPad?
Cody
October 28, 2013 – 10:40 am
@msamuels2000: I use the Scutify iPhone app on my iPad and it works great. We’ll have a new iOS7 Apple app for Scutify out probably late next week. iPad app is probably another month or so after that, I would guess. Learnings a LOT about Apple vs. Google in the app wars since we bought Scutify.
Cody
October 28, 2013 – 10:45 am
After a few days away from the market this tight range today doesn’t seem strange, but given how strong some of the recent intraday actions have been, it does seem strange if you’ve been as on top of the markets as you have been. Finally, maybe we need another batch of earnings either good or bad to drive the next major market move, as $AMZN and $MSFT did on Friday for example.
eryba1
October 28, 2013 – 10:45 am
Bulls are at 59%, the highest since Apple was at 700 on its way to sub-400 (and the S&P actually corrected nearly 10%). Bears at 18%, the lowest since the August highs. http://tickersense.typepad.com/ticker_sense/
msamuels2000
October 28, 2013 – 10:45 am
@Cody: yes I live in the mobile world of mission critical applications and neither is as open as they would have you believe. Difficult to lock down iOS and android at the H/W level.
Cody
October 28, 2013 – 10:45 am
@eryba1: Gulp.
Cody
October 28, 2013 – 10:46 am
@msamuels2000: Tell me your thoughts on this email I got from my co-CEO at Scutify.com, Kheang Ly, the guy we bought it from, please.
eryba1
October 28, 2013 – 10:46 am
@Cody: = cash heavy + gold + some hedges
Cody
October 28, 2013 – 10:46 am
Hey mate. Hope you had a good time off. Android app is live as I told you previously, but I had to update it a few times to fix some critical bugs that were spotted by friends who did testing for me. So the current version up there is pretty good now. I posted out to all off the Social Media accounts for Scutify. Hopefully with your blast and continue blogging etc throughout the week, we can push on towards 10,000 reg’d users. 6570 at this stage. iOS should hopefully be done sometimes this week and then I will get my hands on it to again clean it up and finish it off. At this stage, probably won’t be live until sometimes next week since the App Store takes around 2-3 days to push it live. The Play Store is so much easier and quicker to deal with. I seriously think Google will overtake Apple one day (they make things quite simple for users). Cheers
msamuels2000
October 28, 2013 – 10:50 am
@Cody: seems he’s referring to the ease of accessing the stores vs the technical challenges
Cody
October 28, 2013 – 10:51 am
@msamuels2000: Hmm, can you elaborate please.
msamuels2000
October 28, 2013 – 10:54 am
@eryba1: this is what I’ve been preparing for albeit a bit early. PHYS is my largest holding along with a smattering of GDX calls and a little PSLV and PALL. Hey the new season of “Gold Rush” kicked off last Friday…good omen?
Cody
October 28, 2013 – 10:54 am
@msamuels2000: Or classic top indicator?
msamuels2000
October 28, 2013 – 10:58 am
@Cody: top for gold?
Cody
October 28, 2013 – 10:59 am
@msamuels2000: Yeah, but I’m just being “Flip It”. I’m still on the gold train.
eryba1
October 28, 2013 – 10:59 am
@msamuels2000: yes theres diamonds in DEM DAR GOLD!! worth all the spiders snakes 100% humidity and getting stuck in the mudd looking for water in the jungle
msamuels2000
October 28, 2013 – 11:00 am
@eryba1: ha those guys prove it takes more ***** than brains to be successful!
Cody
October 28, 2013 – 11:00 am
Tech Investor question of the day – How much do you think $TWTR should be worth relative to say, $PCLN?
eryba1
October 28, 2013 – 11:01 am
@msamuels2000: its the FLIP it opposite GOLD RUSH was the TOp for gold near 2,000 an ounce by season 2 now .
msamuels2000
October 28, 2013 – 11:01 am
wow strict censoring
eryba1
October 28, 2013 – 11:01 am
@msamuels2000: by ***** u mean LUCK
todd needs aplan not just hey drive into jungle look for water we can drink, but its just for TV
eryba1
October 28, 2013 – 11:04 am
@Cody: twitter makes no money!! FB does! TWTR lets everyone follow U! FB U need to ask to be allowed to follow! FB friends N fam see what U post = some social pressure not write without thought. TWTR write what U want no one knows who U really are and no consequences
msamuels2000
October 28, 2013 – 11:07 am
@Cody: Twitter has 1000x more users to monitize so potentially much more but hard to compare. Maybe .25x of FB to start?
Cody
October 28, 2013 – 11:08 am
Don’t compare $TWTR to $FB. Let’s use $YHOO and $PCLN. Which should be worth more and by how much?
msamuels2000
October 28, 2013 – 11:10 am
@eryba1: only plan he needs is instructions on how to cash those discovery channel checks. Doesn’t need to find a flake to profit
eryba1
October 28, 2013 – 11:13 am
@Cody: right now TWTR has no rick media interface FB does- These points and other discussed in the article written for TWC when FB was $25 a few months back. Recently you said you would not be surprised to see FB fall 15-20% as it has gotten extended. Are expectations too hi, rising EPS into earnings? today uts back at 49.6
drefleury
October 28, 2013 – 11:13 am
@Cody. Would love your thoughts on INVN. Looks like it wool fit well in our portfolios.
eryba1
October 28, 2013 – 11:14 am
@Cody: PCLN helps U save $$ plan trips etc. TWTR does nothing of the sort but to place ads for PCLN in TWTR feeds at some point in text format vs FB rich media visual format
msamuels2000
October 28, 2013 – 11:15 am
@eryba1: FB got an upgrade today. Contrarian?
eryba1
October 28, 2013 – 11:15 am
@msamuels2000: correct by some accounts he and his dad making 500K each a season as of data from 1-2 years ago
eryba1
October 28, 2013 – 11:16 am
@msamuels2000: its always getting an upgrade but not good going into earnings as expectations rising and rising and could easily sell off if just met as no surprise left if demand for earnings keeps going up.
drefleury
October 28, 2013 – 11:16 am
TSLA cracking
calmdaw1
October 28, 2013 – 11:17 am
@Cody: If Twitter has a viable strategy to make a profit, then it has some value relative to PCLN, YHOO, etc. However, if they don’t have a viable strategy to profits then I would place their long-term value at around 0.
Cody
October 28, 2013 – 11:18 am
@calmdaw1: $0? Not even worth an ounce of gold?
calmdaw1
October 28, 2013 – 11:19 am
@Cody: I suppose they would have some liquidation value. I’m just saying a cool product is nice but if it doesn’t make money over time why would I want to invest in it?
drefleury
October 28, 2013 – 11:20 am
@calmdaw1: Agreed.
Cody
October 28, 2013 – 11:21 am
@calmdaw1: I was teasing ya. 200mm pageviews a day * .001 cents per page view could add up in a hurry if you can expand that .001 and/or the 200MM pageviews per day, no?
khaleel23
October 28, 2013 – 11:23 am
but twitter has so many followers
calmdaw1
October 28, 2013 – 11:23 am
@Cody: agreed. So they need to show that they can monetize the user base. Until then, all valuations are mostly speculative and in this market will probably be inflated.
Cody
October 28, 2013 – 11:24 am
@khaleel23: Literally hundreds of millions of users on Twitter every week.
Cody
October 28, 2013 – 11:24 am
@calmdaw1: Well phrased, good analysis, I agree.
drefleury
October 28, 2013 – 11:25 am
@Cody: INVN is (TTM) 31.04x Price/Sales (TTM) 7.39x Price/Book (MRQ) 6.15x Price/Cash Flow (TTM) 29.46x , throwing off net incom,e rapidly growing… just don’t know enough about them yet.
calmdaw1
October 28, 2013 – 11:26 am
looking for TSLA to break below 160 this week
Cody
October 28, 2013 – 11:26 am
@drefleury: I’ll take a look.
badrook
October 28, 2013 – 11:26 am
cody should we hold pcln dec puts?
drefleury
October 28, 2013 – 11:26 am
@Cody: PS, got the name from a trusted advisor in the industry. fwiw
Cody
October 28, 2013 – 11:28 am
@badrook: I’m holding some PCLN puts still.
eryba1
October 28, 2013 – 11:29 am
@calmdaw1: U saw CEO said market valuation expectations too hi for TSLA like CEO NFLX Hastings said the same!
Lu
October 28, 2013 – 11:32 am
Cody can you briefly explain your premise for trading IEF and is it still valid?
eryba1
October 28, 2013 – 11:51 am
anyone looking to add some FB down from 54.5 to 50 or below today?
jahmon
October 28, 2013 – 11:53 am
Want to but nervous to add before earnings.
jahmon
October 28, 2013 – 11:54 am
Also expected pullback will probably drop FB a bit as well
eryba1
October 28, 2013 – 11:55 am
@jahmon: Only way to be nervous is if U didnt sell at 53+ still holding all, didnt buy in the 30’s or early 30’s. I an thinking about adding just some. Havent pulled the trigger yet
eryba1
October 28, 2013 – 11:59 am
@jahmon: possible sometimes as an example FB has corrected 8% to 49.6 could sees 52 handle as some support is at the 50 price then if correction continues in the markets it may just retest todays low range 49.6 ish. Its happens often. All depends on severity of this correction if and when it arrives
jpsr1975
October 28, 2013 – 12:06 pm
Guys what do u think about NUAN at these levels?
jahmon
October 28, 2013 – 12:09 pm
I sold the rest of mine at the peak. Want back in, just at the right time
doug.sekula
October 28, 2013 – 12:26 pm
Just bought another(final before earnings?) tranche of FB.
jahmon
October 28, 2013 – 12:35 pm
I’m reigning in all of my green longs
jahmon
October 28, 2013 – 12:36 pm
except GDX
eryba1
October 28, 2013 – 12:50 pm
@Cody: cody whats your take on the markets? We had 2-3 days of very heavy declines only to recoup those losses in many names this month. Markets even on declining breadth & volume and still trending up overbought nature or not.
eryba1
October 28, 2013 – 12:52 pm
@doug.sekula: FB under 50 is a very tempting buy. Expectations like this morning stock upgrade are signs of more and more desired by the street. We need to see how a stock that has seen 100% upside in a few shrt months reacts to its earnings like FB and then TSLA
eryba1
October 28, 2013 – 12:57 pm
@jahmon: just started today?
eryba1
October 28, 2013 – 12:58 pm
or 2nd round of selling?
MikeM
October 28, 2013 – 1:04 pm
Cody: Are you looking to add to your short positions in any of the “welfare banks” (JPM/MS/GS) at these levels? I see you currently rate a short position in them as a “9” on your short list. I don’t have any of them shorted now but am strongly considering initiating that here. Your thoughts?
eryba1
October 28, 2013 – 1:09 pm
@MikeM: wait for codys action but wise to wait for decline / cracks in a particular stock or index, to anticipate and bet that way in any sizable way is to risk capital vs putting it to work for u in rising stock and charts. IMHO
jahmon
October 28, 2013 – 1:12 pm
Round 5
ebdavids
October 28, 2013 – 1:20 pm
Cody’s off now — but I’m looking forward to his TQNT analysis now that (I hope) he got to speak with management. They’re in the doghouse . . . and, so far, we’re in the crapper.
eryba1
October 28, 2013 – 1:22 pm
@ebdavids: less on here- Sell some into earnings- DONt bet and open sizable position on earnings date too risk- no matter what possible reward is the sinking losing money feeling is 10 X more powerful and painful than the joy and feeling of a stock moving higher!
ebdavids
October 28, 2013 – 1:26 pm
Thanks, Elad. I’m inspired. (But still poor!) Lesson learned for next time, and for now I pray (since my calls are out into May ’14 and January ’15) — a bunch of ERs for me to practice The Zen of Eryba.
eryba1
October 28, 2013 – 1:27 pm
@ebdavids: soon your acquire your own zen, cant rely on others, no one can help you as much as U want to help yourself get better.
ebdavids
October 28, 2013 – 1:28 pm
agreed! My personal zen ain’t all that bad — but part of that is to rely on the best in others!
eryba1
October 28, 2013 – 1:29 pm
@ebdavids: u can as I do LISTEN to what we feel are the BEST in the business but we are the ones who r responsible for our actions at the end.
ebdavids
October 28, 2013 – 1:30 pm
Indeed.
MikeM
October 28, 2013 – 1:32 pm
@eryba1: Thanks for your thoughts on bank shorts. I am curious, though, as you mention your philosophy of waiting for the decline / crack in a stock I don’t see you execute that way all the time…for example, your recent QQQ short comes to mind. What was different for you with that one and some others?
eryba1
October 28, 2013 – 1:34 pm
@MikeM: GREAT question!!!
eryba1
October 28, 2013 – 1:36 pm
I have been pondering my HEDGE all weekend. I AM down just less than 1%. I did as U say anticipate a decline as the QQQ ran from 76 to 83.5 in almost a straight line!
ebdavids
October 28, 2013 – 1:37 pm
@Bill, @Cody, @Eryba1, @Anyone: I recall a while back, Cody did a whole item on — if one wanted to invest a bit in bitcoin, as he ultimately did — where the safest/most reliable place was to do it. I’ve done a search on the TWC site, but haven’t found it. Can anyone direct me (or have a suggestion)? Thanks.
eryba1
October 28, 2013 – 1:38 pm
So I started to hedge against my new year hi in my accounts by trimming on up days, adding positions in GLD at 128 and under and the trims got me further in cash. I read so much oberbought overbought stats, internal market data, fear green index, + this on the sentiment #’s today to confirm my idea but the market could CARE LESS itss till riisng on weak breadth and weak volume all bad signs but at this juncture the market as a whole cares very little about this stuff: Bulls are at 59%, the highest since Apple was at 700 on its way to sub-400 (and the S&P actually corrected nearly 10%). Bears at 18%, the lowest since the August highs. http://tickersense.typepad.com/ticker_sense/
ebdavids
October 28, 2013 – 1:39 pm
I DON’T believe this is it, or am I wrong?:http://tradingwithcody.com/real-time-bitcoin-to-dollar-chart/
eryba1
October 28, 2013 – 1:41 pm
@ebdavids: read this 1st: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/02/here-are-eight-ways-investing-in-bitcoins-could-go-horribly-wrong/
eryba1
October 28, 2013 – 1:42 pm
@ebdavids: http://www.wired.com/wiredenterprise/2013/07/buttonwood/
ebdavids
October 28, 2013 – 1:42 pm
Will do…thanks! Good caution. But I’d like to review Cody’s basic how-to-buy thoughts, too!
eryba1
October 28, 2013 – 1:47 pm
@MikeM: so as U can see my hedge is juts that a small loss rt now. The wise thinking says if you could always lose on your hedges you will be a wealthy man. The market by all accounts is overbought but it can go sideways to relieve that condition. if we go sideways the bull bear % will decline and become more neutral which for now seems top be the likely scenario unless we get bad reactions for the coming reports fro FB AAPL LNKD FSLR DDD etc
eryba1
October 28, 2013 – 1:48 pm
Im watching the hedge closely. We have fed speak this week as well if Im not mistaken so lots of cross currents and data to absorb by the street.
eryba1
October 28, 2013 – 2:02 pm
@MikeM: From an ASTUTE investor I follow: There’s a vicious rotation out of speculative and momentum stocks that have led the market for months into cyclical and defensive names that have lagged, such as Alcoa (AA) and Procter & Gamble (PG).Sometimes rotation can be a good thing, especially if the market starts to broaden and new groups play catch-up. But that doesn’t seem to be the case with this action as market players seem to be seeking safety as concerns grow over valuation of some of the strongest names.The oddest thing about this action is that the S&P 500 is hitting new highs while the underlying action is very cautious and defensive. Usually, the move to more defensive holdings comes after a period of weakness rather than at the peak of momentum
eryba1
October 28, 2013 – 2:02 pm
So far this year, the market has a very good record of finding its footing after a stumble. In fact, it is often said that there is no memory from day-to-day, but this weakness in leading stocks is a troubling change in character and if there isn’t some support soon, it is going to affect the indices as well. I’m staying out of the way and not betting on a comeback from the momentum names right now. This is not healthy action, despite what the indices may be doing.
jjss
October 28, 2013 – 3:18 pm
@eryba1: Which stock were you referring to here?: “October 28, 2013 – 1:22 pm @ebdavids: less on here- Sell some into earnings- DONt bet and open sizable position on earnings date too risk- no matter what possible reward is the sinking losing money feeling is 10 X more powerful and painful than the joy and feeling of a stock moving higher!”
eryba1
October 28, 2013 – 3:20 pm
@jjss: investing in general was the topic not stock specific.
eryba1
October 28, 2013 – 3:22 pm
@jjss: TQNT was bad result, cree the same, AMZN was good, goog was down trending from 925 to 850 when it reported so it surprised to upside. TQNT was rising into earnings as was CREE. FB has now been pulling back from 54.5 to 50.33 fslr also reporting that has been RAMPING 37 to 55-56, aapl has been doing well as well 450 to 535 so bigger expectations for better performing stocks into earnings
jjss
October 28, 2013 – 3:34 pm
@eryba1: sorry, I’m getting a bit confused; you were saying to not bet into earnings, but now you’re saying it’s a pretty good bet!
eryba1
October 28, 2013 – 3:39 pm
@jjss: No I am saying its VERY dangerous, especially when a stock RUNS higher into earnings like FSLR has been doing, CREE, TQNT they ran MUCH higher into earnings so a lOT of good news was being priced in.
jjss
October 28, 2013 – 3:40 pm
gotcha
eryba1
October 28, 2013 – 3:40 pm
NFLX ran into earnings then popped 10% A/H then fell 10% the next day round trip was as hi as 395 today 313
jpsr1975
October 28, 2013 – 3:47 pm
What are u guys doing with ZNGA?
eryba1
October 28, 2013 – 3:47 pm
@jpsr1975: Im looking to buy on a pullback.
jpsr1975
October 28, 2013 – 3:49 pm
@eryba1: And FSLR before earnings? Long, short?
eryba1
October 28, 2013 – 3:49 pm
@jpsr1975: I trimmed a lot!! I bot after its decline so I got in at 37 and sold in the 50’s
eryba1
October 28, 2013 – 3:51 pm
Look at its chart I mean great cup and handle formation then almost straight up move from the handle from 41.5 straight up to what 56
eryba1
October 28, 2013 – 3:52 pm
@jpsr1975: overall Im hedges, holding lots of cash and have gold as another hedge in the GLD which is acting OK hovering above its 50 day avg for now which was acting like a ceiling.
jpsr1975
October 28, 2013 – 3:52 pm
Tnak´s Eryba
jpsr1975
October 28, 2013 – 3:52 pm
Thank´s
eryba1
October 28, 2013 – 3:54 pm
@jpsr1975: I am basically playing preserve my gains mode. looking for a pullback that this is week 2 its not here yet, too many bulls and too hi of greed levels- http://money.cnn.com/data/fear-and-greed/?iid=INV_Sub http://tickersense.typepad.com/ticker_sense/2013/10/
jahmon
October 28, 2013 – 3:55 pm
Calm before the storm?
eryba1
October 28, 2013 – 3:56 pm
@jahmon: very well maybe- we really never know until the storm hits- No accuweather here with 100% accuracy. even links above can be overcome by sideways action
eryba1
October 28, 2013 – 3:57 pm
@jahmon: however on an individual basis- FB was 54.5 now 49.6-50 = just over 8% decline= NOT bad place to start adding if U have NONE, never know if we see 45-56 or this is it. earnings tomorrow. FB AAPL FSLR LNKD and reaction to their earnings should reveal markets next direction
eryba1
October 28, 2013 – 3:59 pm
well maybe not NONE but if U trimmed higher. I was tempted to buy at under 50 today I did not add to my psoition
jahmon
October 28, 2013 – 4:32 pm
Apple beats stock drops?
eryba1
October 28, 2013 – 4:55 pm
@jahmon: 2% decline no biggie. Stock ran higher into earnings!! 450 to 535
eryba1
October 28, 2013 – 5:02 pm
im a buyer at or under 500 having trimmed recently
jahmon
October 28, 2013 – 5:08 pm
It actually did about what I and many thought, right? I ended up selling my calls and trimmed substantially earlier today so I’m all good.
jahmon
October 28, 2013 – 5:14 pm
Just funny how Apple is treated so different from most any other stock. Juniper beat with the same percentages the stock would have skyrocketed. Such high expectations.
eryba1
October 28, 2013 – 5:30 pm
@jahmon: yes its treated differently! its PE ex cash is trading like kleenex, bounty and campbell soup vs growth company 15-20% a year
eryba1
October 28, 2013 – 5:31 pm
FSLR reporting thursday: http://finance.yahoo.com/news/first-solar-inc-announce-third-200000027.html
eryba1
October 28, 2013 – 5:33 pm
aapl now bk at 524. lets see how it performs tom in this overbought hi bullish % + hi greed guage market
eryba1
October 29, 2013 – 8:29 am
Apple numbers raised at JP Morgan OCT 29, 2013 | 8:19 AM EDT Shares of AAPL now seen reaching $600, JP Morgan said. Estimates also increased through 2014 on strong quarterly results. Overweight rating.
eryba1
October 29, 2013 – 8:35 am
ddd reported today. CC at 9am stock down about 4% now: 3D Systems Corp reported a 31 percent jump in third-quarter profit as sales of its 3D printers rose 76 percent. Net income attributable to the company rose to $17.7 million, or 17 cents per share, in the three months to Sept. 30, from $13.5 million, or 16 cents per share, a year earlier. Total revenue rose 50 percent to $135.7 million.
Cody
October 29, 2013 – 9:27 am
@eryba1: Amazing resilience for these bubblicious stocks. 3-D printing is the real deal and has lots of future, and we were ahead of the curve in buying $DDD $SSYS, but these guys have a lot of growing to do in the next few years to justify the valuations they’re already trading at. And today, the stock hangs tough once again.
Cody
October 29, 2013 – 9:30 am
JPM Research AAPL: Apple Inc. : Sep-Q Wrap: Upward Mobility in Consensus Estimates Gets a Boost; Lifting PT to $600. We recommend investors take advantage of any near-term weakness in shares of Overweight-rated Apple. Results and outlook were better than expected. The gross margin outlook could be a source of debate for some investors who had sought more upside due to higher mix of iPhone. Apple’s gross margin outlook adjusts for increasing level of deferred revenue, Fx, and higher cost structures on new products in iPhone, iPad, and Mac line ups. In our view, most of these headwinds stand to be temporary, and therefore, should not overshadow the increasing momentum in Apple’s top-line at a time when other companies are hitting rough patches. For Apple, our Dec 2014 price target increases to $600, up from $545. https://jpmm.com/research/content/GPS-1242673-0
eryba1
October 29, 2013 – 10:23 am
Apple upgraded at Baird OCT 29, 2013 | 8:40 AM EDT AAPL was upgraded from Neutral to Outperform, Robert Baird said. $620 price target. 2014 holds more promise for the company.
eryba1
October 29, 2013 – 10:23 am
Apple numbers raised at Barclays OCT 29, 2013 | 8:24 AM EDT Shares of AAPL now seen reaching $585, Barclays said. Estimates also increased on strong quarterly results. Overweight rating.
jahmon
October 29, 2013 – 10:24 am
TQNT up 5.5 on investor push to divest mobile power booster biz. Looking forward to hearing of your conversation w them Cody and whether we continue with or jettison them.
calmdaw1
October 29, 2013 – 10:37 am
TSLA short playing out like a dream
eryba1
October 29, 2013 – 10:39 am
@calmdaw1: thank ELON MUSK!!!
eryba1
October 29, 2013 – 10:39 am
he like NFLX Mr Hastings has said NFLX stock price is way too hi
calmdaw1
October 29, 2013 – 10:45 am
@eryba1: TSLA was already starting to crack before he came out with his comments but he certainly has helped make me a few bucks, lol
eryba1
October 29, 2013 – 10:48 am
@calmdaw1: yes!!! just watch the support lines and RSI levels as it gets further oversold as astock!!
calmdaw1
October 29, 2013 – 10:49 am
@eryba1: already trimmed some this morning. I don’t like to stay too long at the party
eryba1
October 29, 2013 – 10:49 am
FB falling will it find support or or near its 20 day avg around 46.5. if UES I will be adding back as 54.5 to 46 = 15+ % correction
eryba1
October 29, 2013 – 10:49 am
@calmdaw1: wise
jahmon
October 29, 2013 – 11:46 am
Thing with the puts on TSLA, YELP, etc. is that they are down (I am up 40%) but the “real” drop hasn’t even happened yet…makes it hard to sell.
jahmon
October 29, 2013 – 11:46 am
Apparently Cody too, per his Scuttle this AM
eryba1
October 29, 2013 – 12:00 pm
@jahmon: market has been straight UP SP 1650 to 1768.68 too elevated for my comfort, but on an individual basis stocks correcting CIEN, FB, FSLR, LNKD
jbusma
October 29, 2013 – 12:46 pm
@Cody, are you expecting bad PCLN numbers tomorrow, or more a general bubble-pop (for PCLN) before Dec?
jpsr1975
October 29, 2013 – 1:45 pm
what guys are u expecting for BIDU earnings tonight?
eryba1
October 29, 2013 – 1:46 pm
@jpsr1975: chart looks fine, consolidating at 150’d level. aside from that its not on my screen for stocks to watch.
MOBYDOC
October 29, 2013 – 1:51 pm
@Cody: @eryba1: What is your opinion of VJET , the recent IPO on 3-D printing. Big German Co. making big German 3-D stuff. It seems to be the only one in the group who’s stock is making any headway.
eryba1
October 29, 2013 – 1:58 pm
@MOBYDOC: a new IPO whats to say? headway SSYS W btm made at 90 lets see earnings if new leg higher. DDD acting just fine and doing very well stock wise chart only XONE dropped on 2ndary I believe it was
eryba1
October 29, 2013 – 2:00 pm
TA for GDX from one investor: The big picture of the Market Vectors Gold Miners ETF (GDX) suggests strongly that the price structure is attempting to carve out a significant double-bottom low in the 22.00 area. That said, the GDX must climb above 31.35 to confirm the double bottom, and to trigger projections into the 38.00-39.30 target zone.
jahmon
October 29, 2013 – 2:13 pm
GDX calls like an anchor right now…ouchie…
jahmon
October 29, 2013 – 3:02 pm
Any way FB earnings could meet expectations right now?
jahmon
October 29, 2013 – 3:29 pm
BBRY pitched itself to FB recently
eryba1
October 29, 2013 – 3:49 pm
larger than avg vol in FB today to the downside
jjss
October 29, 2013 – 3:50 pm
@eryba1: because…?
eryba1
October 29, 2013 – 3:52 pm
@jjss: your guess is as good as mine- However in all seriousness stock up more than 100% in a few months profit taking not knowing #’s tomorrow. People locking in gains.
eryba1
October 29, 2013 – 3:53 pm
@jahmon: i locked in on those TSLA puts? up 1% for the day now 153 low now near hi for the day 164.7
JSmith
October 29, 2013 – 4:00 pm
Awesome, Apple sells off
JSmith
October 29, 2013 – 4:02 pm
Most manipulated large cap stock in the world. Even with all the upgrades…of course which don’t show up in headlines
JSmith
October 29, 2013 – 4:07 pm
focus on the margins…wait, we wanted you to sell cheap iPhones for the masses which would of eroded margins. Wait, we want your margins higher….
echan008
October 29, 2013 – 4:11 pm
Just trim my last LNKD before closing. Maybe I should trench in tomorrow.
calmdaw1
October 29, 2013 – 4:31 pm
Seems the big winner tonight is BWLD
JSmith
October 29, 2013 – 6:26 pm
@calmdaw1: and BIDU
Rinkes
October 30, 2013 – 6:44 am
cody, given that you added to tqnt position, did you speak with mgmt? if so, can you share with us? also, thoughts on starboard proposal? thanks
eryba1
October 30, 2013 – 8:25 am
Cody: GM- is your meeting with TQNT management still on for tomorrow? U added to the stock yesterday before the meeting? Any reason prior to vs waiting for that decision after a meeting? Thank you
eryba1
October 30, 2013 – 8:25 am
Sandisk downgraded at BofA/Merrill OCT 30, 2013 | 7:41 AM EDT SNDK was downgraded from Buy to Neutral, Bank of America/Merrill Lynch said. Valuation call, based on a $75 price target.
calmdaw1
October 30, 2013 – 8:28 am
@cody – any thoughts on YELP earnings and the secondary to raise $$ for operating expenses?
eryba1
October 30, 2013 – 8:43 am
http://ally.mybanktracker.com/?tab=no-penalty-cds&state=NY
eryba1
October 30, 2013 – 8:50 am
Looking at an ally.com commercial wanted to see the rates on MM accts CD’s etc look how LOW things are . Ask for a 5 yr 60 MONTHS U get 1.6% yearly returns. Compared to other NY banks which are all WAY under 1% yearly returns. Cody says until there is competition to money the markets are the best alternative until we see near 5%
eryba1
October 30, 2013 – 9:19 am
LinkedIn estimates, target boosted at Credit Suisse OCT 30, 2013 | 8:02 AM EDT Shares of LNKD now seen reaching $288, according to Credit Suisse. Estimates also upped, given the company’s new guidance. Outperform rating.
eryba1
October 30, 2013 – 9:35 am
Looking to add more cien if it continues to decline.
eryba1
October 30, 2013 – 10:05 am
we have the FED decision at 2pm and that should SHAKE things up quite a bit. Nice move so far in metals and select tech. Earnings last night from LNKD and YELP have those 2 stocks down about 7% each.
Olivepetunia
October 30, 2013 – 10:06 am
@eryba1: Do you have a target for CIEN? Or wait for FED announcement to see where things go?
eryba1
October 30, 2013 – 10:25 am
I usually dont like to buy a falling stock in a straight line but CIEN is down 16% on no news of its own just affiliation being thrown its way for now with FFIV AKAM FIO JNPR. So down 3% today I will add some
eryba1
October 30, 2013 – 10:28 am
@Olivepetunia: target to downside? 23 is its 100 day moving avg. But Since I last sold quite a large position at 26.7 I have bene adding at 24 and now closer to 23 leaving room to add again
Olivepetunia
October 30, 2013 – 10:37 am
@eryba1: INTERESTING: Why is 100 day moving avg any more meaningful than the 50 day (24.62) or the 200 day (19.3
? It does seem that there was previous resistance between 22 and 23 so should be support around here.
eryba1
October 30, 2013 – 10:40 am
@Olivepetunia: CIEN is in oversold territory on its RSI reading and I’m just looking for some support at these moving avg as it sliced thru its 50. Looking for some support from managers on the no news 16% decline
Olivepetunia
October 30, 2013 – 10:46 am
@eryba1: Bot some @ 23.45
eryba1
October 30, 2013 – 10:48 am
@Olivepetunia: so far for the majority of holdings it has been VERY astute to trim at the hi’s last week on an individual stock by stock basis. FB was 54.5 now under 50. cien 27.6 now 23.22 today. LNKD was 250 now 230. fslr 55 now 51-52.
eryba1
October 30, 2013 – 10:50 am
not to mention TQNT and CREE
msamuels2000
October 30, 2013 – 10:58 am
Metals pointing to more of the same from FOMC. Could we finally get a breakout or sell on news?
eryba1
October 30, 2013 – 10:58 am
FB even at these lower levels not finding enough firm buyers yet at 49.5. I wonder if wee see that 15-20% decline cody though could happen = 45-47 target area for FB
eryba1
October 30, 2013 – 11:00 am
@msamuels2000: thats the trillion dolar question. We are overbought, low breadth, les and less volume driicng the markets and stocks higher and bullish % SKY HI, GREED levels on CNN site is today at 66 highest I have seen this year. JUst some stats for now they mean nothing to the markets until they do
Olivepetunia
October 30, 2013 – 11:01 am
@eryba1: ER tonight for FB. Sell the news? Market seems able to find a way to rationalize anything to justify moves.
Olivepetunia
October 30, 2013 – 11:02 am
VIX up today. Anticipating something? Hmmmmm.
eryba1
October 30, 2013 – 11:02 am
@Olivepetunia: stock up 100% in a few short months. Expectations along with targets rising so a lot can be priced in unless BOOMING report. However we have fed today as well. I MAY add some under 50 as last sale was over 54
eryba1
October 30, 2013 – 11:04 am
lets see how market reacts to fed decision at 2pm then 2 full hrs to think about FB and earnings after the close
Olivepetunia
October 30, 2013 – 11:05 am
@eryba1: Should be very interesting for next 24 hours.
Olivepetunia
October 30, 2013 – 11:05 am
@eryba1: Fed at 2 and then chat?
eryba1
October 30, 2013 – 11:06 am
@Olivepetunia: iimmensely!!!
eryba1
October 30, 2013 – 11:06 am
immensely
eryba1
October 30, 2013 – 11:07 am
I may just add 15-20% of what I wanted to add to the FB position from the total I wanted to buy back after my sales last week, cant catch the exact bottom or top. I will c
eryba1
October 30, 2013 – 11:11 am
My shopping list here I made after my sales has a 49 handle target to start buying back FB .
Cody
October 30, 2013 – 11:12 am
Let’s do an informal poll here- Are you bullish or bearish?
eryba1
October 30, 2013 – 11:15 am
bearish!
msamuels2000
October 30, 2013 – 11:16 am
@eryba1: Readjusted the comms basket – trimmed JNPR added CIEN
eryba1
October 30, 2013 – 11:18 am
too much Bullishness: http://money.cnn.com/data/fear-and-greed/?iid=INV_Sub / http://tickersense.typepad.com/ticker_sense/2013/10/
Lu
October 30, 2013 – 11:18 am
@Cody, anything you’re considering as a second tranche at puts? I’d like to get a few in before the report this afternoon.
eryba1
October 30, 2013 – 11:19 am
bearish- SHort term though, looking for a shakeout / pullback
msamuels2000
October 30, 2013 – 11:19 am
My portfolio says be bullish as all my hedges are in the tank but my brain has been taught (thanks to TWC) to be bearish….
Golfcar101
October 30, 2013 – 11:19 am
bearish short term
eryba1
October 30, 2013 – 11:20 am
@msamuels2000: individual stocks have been undergoing their own corrections its the overall markets who chug higher S&P 14 out of 16 days higher
jpsr1975
October 30, 2013 – 11:23 am
Bearish
calmdaw1
October 30, 2013 – 11:24 am
Welfare bullish. Fundamentally bearish
doug.sekula
October 30, 2013 – 11:26 am
FB bullish everything else bearish.
msamuels2000
October 30, 2013 – 11:29 am
@doug.sekula: there has been no run into these earnings. You might be on to something. Did you make a move?
eryba1
October 30, 2013 – 11:32 am
a few think a top is forming at these levels. FB earnings tonight will give more clarity but first is the FED.
eryba1
October 30, 2013 – 11:34 am
for the markets that is
Cody
October 30, 2013 – 11:38 am
Too much bearishness here!
eryba1
October 30, 2013 – 11:38 am
@Cody: too much bullishness everywhere else : ) http://money.cnn.com/data/fear-and-greed/?iid=INV_Sub / http://tickersense.typepad.com/ticker_sense/2013/10/
calmdaw1
October 30, 2013 – 11:40 am
As long as the Fed keeps sending the monthly welfare check
ebdavids
October 30, 2013 – 11:42 am
Bearish. But, while we all like to think of ourselves as independent thinkers, MSamuels has it right (and I mentioned this last week), we’re probably influenced by TWC (and Cody’s mantra), so I’m not sure this is an “unbiased” poll, Cody. You reap what you sow!
rkumar
October 30, 2013 – 11:43 am
any opinion
eryba1
October 30, 2013 – 11:43 am
@Cody: its been wise to have been bearish as of last week to trim and sell Fb CREE TQNT FSLR to name a few
rkumar
October 30, 2013 – 11:43 am
on rvbd ffiv tdc and vmw??
doug.sekula
October 30, 2013 – 11:43 am
@msamuels2000: I bought some yesterday.
rkumar
October 30, 2013 – 11:43 am
im bearish
doug.sekula
October 30, 2013 – 11:45 am
just a gut feeling but don’t take my word on it. Had that same feeling on FIO and I seen what that did for me! LOL!!!
msamuels2000
October 30, 2013 – 11:46 am
@doug.sekula: too late just nibbled on some DEC 52.50s and its all on you!
eryba1
October 30, 2013 – 11:46 am
I dont think bearish is the right terminology here. I think cautious as S&P has been up 14 of 16 days here and stocks flew, however we have corrected quite a bit in individual names FB 54.5 to 49.2, cien 27.6 to 23, tqnt 20% CREE 16% JNPR near 10% fslr 6-8%. For that to have trimmed last few weeks was very wise and profitable as now we can pick and choose what we want back
satishask
October 30, 2013 – 11:51 am
bullish
TL15
October 30, 2013 – 11:53 am
@eryba1, do you have any thoughts about how the Fed’s decision or minutes from their meetings will impact GDX?
eryba1
October 30, 2013 – 11:55 am
@TL15: thats only if we knew their action and fed minutes to follow
TL15
October 30, 2013 – 11:56 am
@eryba1, do you suspect that there’s an effort to keep things status quo in order to limit any harsh reactions in the marketplace
doug.sekula
October 30, 2013 – 11:59 am
Should we buy more CIEN? Very tempting.
eryba1
October 30, 2013 – 11:59 am
@TL15: not at this point, budget talks got kicked down the road for not, not too far but a bit for now. market could use a breather as under the surface individual stocks have been correcting yet not evident in the markets at all aside from the small caps russell 2000
eryba1
October 30, 2013 – 12:01 pm
@doug.sekula: I am nibbling but leaving room as no support yet and nearing 17% correction so far like CREE and TQNT as if CIEN had warned as well.
TL15
October 30, 2013 – 12:02 pm
@eryba1, the market is in definite need of a correction, but my fear is that the general population thinks as long as the Fed says whatever they already believe (that QE will continue) then everything’s okay and it’s not getting any worse and then the markets will continue to rise
eryba1
October 30, 2013 – 12:16 pm
@TL15: I cant predict what will cause the markets to pullback from greed levels and too hi a % of bulls. We are going higher on lower volume and lower breadth all bad signs. SO lets see what happens. All we can do is control what we do in our individual names we own. SO on that point to have trimmed many names as of last week was VERY smart and now we have $$ to put back to work in those names at 10-20% discounts. Not a bad decision there.
TL15
October 30, 2013 – 12:29 pm
Thank you for your thoughts
eryba1
October 30, 2013 – 12:31 pm
@TL15: FB is a prime example, I was selling quite a bit last week it was my biggest position at 54+ and since stating I was selling then and looked to be prudent thing to do with a 100% rise in stock price in just about 3 months its now at or under 49 a 10% correction. One could easily start buying small positions in it to rebuild or wait for some leveling off first. Vs the markets endless rise we cant control the avg’s just our individual positions
Olivepetunia
October 30, 2013 – 12:41 pm
@eryba1: I think we have all seen the same or similar news being used to justify a rise in the market on one day and a decline on some other day. These technical indicators are often good predictors and good reason for caution. One can’t spend too much time trying to predict the event that is going to precipitate a pullback; the “market” will find the “justification” after the fact, even though it may be news that was used to justify a bullish stampede under different circumstances. (too cynical?)
eryba1
October 30, 2013 – 12:43 pm
@Olivepetunia: well said and stated!! the fear greed index and oscillator and bullish bearish % levels are just that stats. Market will do what it wants until it doesnt and then those stats matter.
eryba1
October 30, 2013 – 12:44 pm
transports and russell 2K down .7 and .94% respectively. there is weakness under the surface not showing up in the main averages
jahmon
October 30, 2013 – 12:59 pm
Don’t you think FB could easily swing 7-10% either way?
eryba1
October 30, 2013 – 1:02 pm
@jahmon: U mean another 7-10% on top of its already 10% decline so far? SURE it could depending on earnings tonight. The stock is up 100% from just 3 months ago.
George Mtz
October 30, 2013 – 2:13 pm
Hi Cody: I personally belive market will be bullish for the rest of 2013 with its down fall on the stocks that are just over priced! I do see some stocks comming back and hopefully will such as Apple with the news of China Mobile and strong seales proyections plus the 2014 new product lauch especulation! Any thoughts on this? Sitll bullish for 2013 but carefull as we go into 2014!
eryba1
October 30, 2013 – 2:31 pm
anyone adding LNKD on this near 10% decline? I am looking to buy a 1st tranche here as I have none
jahmon
October 30, 2013 – 4:08 pm
FB BOOM
doug.sekula
October 30, 2013 – 4:12 pm
@jahmon: I’m dancing in the streets!!!! FB babyyyyyy!!!!
rap820
October 30, 2013 – 4:12 pm
Eryba1: I bt my first tranch of LNKD today.
nevy72
October 30, 2013 – 4:13 pm
FB! FB! FB! FB!
eryba1
October 30, 2013 – 4:14 pm
@rap820: I bot a position in it as well down near 10% and I did add FB today 49 handle
eryba1
October 30, 2013 – 4:16 pm
lets settle down and see how it handles and speaks during CC
Golfcar101
October 30, 2013 – 4:22 pm
bought fb today and flipped it
JSmith
October 30, 2013 – 6:08 pm
And FB reverses and in the red
musa
October 30, 2013 – 6:09 pm
expenses rising 45% next quarter. FB flopped
musa
October 30, 2013 – 6:12 pm
zuckerberg also says that he isn’t committed to long term profitability right now. he better change his mind soon
VStukovsky
October 30, 2013 – 6:33 pm
FlopBook!
jahmon
October 30, 2013 – 6:47 pm
Just wow…
vmontes
October 30, 2013 – 7:26 pm
FB, such a tease…………
vmontes
October 30, 2013 – 7:28 pm
Bought some KSS puts today it’s at its 52wk high
SamsaricSufferer
October 30, 2013 – 9:01 pm
Good Mark Hulbert article on MarketWatch about short term overbought condition in the market. I like his commentary because it is based on back tested data. This data set focuses on NASDAQ stocks so very relevant to us. http://tinyurl.com/m8qvl7h
SamsaricSufferer
October 30, 2013 – 9:05 pm
He posits that the market is set for a pullback but it won’t last longer than 1 month per his data.
megacash
October 30, 2013 – 11:45 pm
Any time on FB
megacash
October 30, 2013 – 11:45 pm
I mean any tips on FB
megacash
October 30, 2013 – 11:45 pm
Just joined this today
