This Week’s Subscriber Chat Room Archive
Here is the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
Cody
February 3, 2014 – 9:52 am
@chrismossey: Just when you think that a stock is “going to be under accumulation” its often exactly the time to trim.
chrismossey
February 3, 2014 – 9:55 am
@Cody: so Cody, if one wants to add more FB, you don’t suggest doing it yet?
eryba1
February 3, 2014 – 9:59 am
http://money.cnn.com/data/fear-and-greed/
Cody
February 3, 2014 – 10:00 am
@chrismossey: I always suggest starting with a tranche buy and then being patient for more.
Cody
February 3, 2014 – 10:01 am
Just was saying the psychology of the markets often is upside down.
Cody
February 3, 2014 – 10:01 am
Trader’s Deep Thought of the Day – $DJIA is up exactly 2.5x from 5 yrs ago today. For it to have the same return over the next 5 yrs, $DJIA would be at 40,000.
eryba1
February 3, 2014 – 10:01 am
@chrismossey: I had a HUGE pats fan by me hates peyton for same reasoning U said. markets down 88 off weak ISM getting very oversold but going lower. Some will think did FED see these #’s in advance if thats an issue at all
chrismossey
February 3, 2014 – 10:01 am
@Cody: thank you
eryba1
February 3, 2014 – 10:01 am
@Cody: when do U start buying amazon near 350 now?
eryba1
February 3, 2014 – 10:02 am
gold gld and gdx acting ok
Cody
February 3, 2014 – 10:02 am
@eryba1: Same answer as above, small tranche in AMZN not a bad idea here, but give yourself room.
eryba1
February 3, 2014 – 10:03 am
@Cody: Yes thats where we ended fri to wait for amazon to find support still none
eryba1
February 3, 2014 – 10:05 am
looking to add some amzn under 350 and some cien today
MikeM
February 3, 2014 – 10:07 am
@Cody: I did just that here and added tranche of amzn
eryba1
February 3, 2014 – 10:08 am
vix at a higher hi intraday 19.45
Cody
February 3, 2014 – 10:08 am
@MikeM: tranching is key
eryba1
February 3, 2014 – 10:18 am
@Cody: u said 15,500 on the dow would make for a good place to perhaps start buying and we just about there.
Golfcar101
February 3, 2014 – 10:20 am
these 3d printing stocks falling hard every tranche greeted with more downside
Cody
February 3, 2014 – 10:21 am
@Golfcar101: That’s the patience part. Let them come down and stabilize before adding next tranche.
Golfcar101
February 3, 2014 – 10:22 am
thanks cody
Golfcar101
February 3, 2014 – 10:23 am
how`s the wife and new baby doing?
eryba1
February 3, 2014 – 10:26 am
vix and trin getting jumpy to the upside and fear greed index sees 16 so far a # I have not seen since 2013 and was a good time to add a tranche in many names
Cody
February 3, 2014 – 10:28 am
@Golfcar101: great, thanks.
eryba1
February 3, 2014 – 10:35 am
This # is at 15, its just one reading but it is a reading of the pessimism out therehttp://money.cnn.com/data/fear-and-greed/. I am adding to amazon and Cien
Cody
February 3, 2014 – 10:36 am
@eryba1: Do you know anybody scared much less panicking here?
Cody
February 3, 2014 – 10:36 am
Seems too early still for me.
eryba1
February 3, 2014 – 10:38 am
@Cody: yes as a whole vs individuals, markets down. U asked for 15,500 when we were 16,500 for a bounce perhaps not looking a gift horse in the mouth as I like the green on my scene stocks lnkd Fb aapl, waited for amazon further decline from fri close and we are seeing it, it was on my shopping list so I want to pick it up
eryba1
February 3, 2014 – 10:41 am
@Cody: i was had almost NO stock left before I went away so I started adding a tranche here or there and the action has been positive S&P now down 4.5% YTD and our stocks have been doing well. We could see a pretty good bounce where I will sell some, watching for it.
eryba1
February 3, 2014 – 10:44 am
@Cody: when U see stocks down 10-20% and the dow now down 7% U were looking for a 5-10% decline in late jan early FEB and here it is, I ma in no way saying this is THE bottom but for me I like the $$ I am seeing and even green in others while market is down 160 today and now small bounce to – 119
rzepeda
February 3, 2014 – 10:45 am
•CIEN – Ciena Corp – Downgraded to a Sell – Company Analysis and ASR Ranking…Alpha Street Research — Anyone know these guys (ASR)?
eryba1
February 3, 2014 – 10:46 am
@rzepeda: never heard of them. CIEN backlog was up nicely and ordre in the pipeline and T and VS says cap ex to be BIG like last year no decline small raise and they are nice % of CIEN business
lfnunnally
February 3, 2014 – 10:52 am
I decided to take a dip again here as I was 100% cash. Bought tranches of AAPL,AMZN,CIEN,FB,TQNT,XONE
chrismossey
February 3, 2014 – 11:14 am
@eryba1: Are you trenching into more cien?
chrismossey
February 3, 2014 – 11:17 am
I missed the early news today? What is behind the serious down day today?
eryba1
February 3, 2014 – 11:22 am
We are seeing panic clearly this decline today is pushing things in that direction dow down 205+ at lows today so far Vix at 20.27, fera greed index at 15, gold up nearly 19
chrismossey
February 3, 2014 – 11:23 am
@eryba1: cien at the low end of its channel down near the 200 day – are you adding?
eryba1
February 3, 2014 – 11:25 am
@lfnunnally: after a7% decline in the down and 5% in the S&P ytd these may see end up as good entry points.
eryba1
February 3, 2014 – 11:27 am
@chrismossey: yes I added some common shares today in cien
eryba1
February 3, 2014 – 11:29 am
lets look at individual names for strength. Down was down 200+ yets FB, TSLA twtr jnpr in the green, lnkd was hit hard previously but finding support? aapl 10% decline has found buyers or sells are all done? lets see how we proceed from here at very oversold levels but fear trumps evrything as prices can go lower than anyone thinks.
eryba1
February 3, 2014 – 11:29 am
gld and gdx acting well as the hedges they are.
eryba1
February 3, 2014 – 11:32 am
http://tickersense.typepad.com/ticker_sense/ just 20% bulls And so far we’ve only got 68 new lows on the NYSE. good contrary indicators and fear reading at 15
Jeffhok1970
February 3, 2014 – 11:42 am
what do you think? One more leg down today?
rkumar
February 3, 2014 – 11:46 am
guys and gals,
rkumar
February 3, 2014 – 11:47 am
last year was a huge rally..ism numbers very weak…let mkt come in–jobs number Friday will be weak
rkumar
February 3, 2014 – 11:47 am
patience
Cody
February 3, 2014 – 11:48 am
@rkumar: Agree with patience
Cody
February 3, 2014 – 11:48 am
eryba1
February 3, 2014 – 11:49 am
@rkumar: yes people selling ahead of jobs # fearing it will be terrible, Off fed just added 10B to reduce stimulus, what did they see or know to take it from 75 to 65? weak gov data for weeks now if U add past jobs #
rkumar
February 3, 2014 – 11:51 am
guys we had a huge rally last week–I learned a long time ago=people sell when they have to not when they want to
rkumar
February 3, 2014 – 11:51 am
last year
eryba1
February 3, 2014 – 11:52 am
@rkumar: yes that was the right thing to do, hindsight is always 20/20. sell rips buy dips, need to find some support for markets not here yet at lows of the day
rkumar
February 3, 2014 – 11:52 am
agreed
chrismossey
February 3, 2014 – 11:55 am
amzn looking like it is getting a bit of support at 347/348 area.
eryba1
February 3, 2014 – 11:58 am
@chrismossey: kind of, fear gauge at 14, never seen it that low myself
chrismossey
February 3, 2014 – 11:59 am
yes, I saw that.
eryba1
February 3, 2014 – 12:00 pm
what is incredible is the stocks in the green as we are now down 230 on the dow S%P down 5.5% ytd.
carl
February 3, 2014 – 12:02 pm
@cody ssys to decline this year: eekingalpha.com/article/1988701-why-stratasys-valuation-bubble-will-pop-in-2014?source=email_rt_article_readmore
carl
February 3, 2014 – 12:02 pm
@cody Does this make any sense to you?
eryba1
February 3, 2014 – 12:03 pm
wait for europe to close as we are now down 250+ as europe closes and sell orders come in
eryba1
February 3, 2014 – 12:03 pm
surprised gold isnt up more than $19 today
eryba1
February 3, 2014 – 12:04 pm
@carl: fear of recession and horrible jobs # fri and that would make bk to bk bad jobs # = pause in usa GDP
eryba1
February 3, 2014 – 12:06 pm
dow down 1130 points from its hi 7%
eryba1
February 3, 2014 – 12:08 pm
@chrismossey: now gauge is at 13 and YES amazon some support at 346-350 for now. Vis getting overbought up another 10% . Baltic dry index down to 1093 from 235 a few weeks ago down a bit today but still bleeding everyday
carl
February 3, 2014 – 12:10 pm
@cody If we have a nice profit in (e.g.) FB does it make sense to trim some now or simply wait out the decline?
eryba1
February 3, 2014 – 12:18 pm
@carl: ofcourse if U R ever concerned trim. Cody sent out an e-mail last week he was trimming at 62
eryba1
February 3, 2014 – 12:19 pm
10 year down 2.3% back to 2.6% a few weeks ago worry over going above 3%
eryba1
February 3, 2014 – 12:21 pm
TRIN is near 3, super hi fear, more of this and the fed will start QE4
jakef1111
February 3, 2014 – 12:23 pm
Man this is ugly
eryba1
February 3, 2014 – 12:24 pm
@chrismossey: U wanted in on CMG. down 2.25% tiday
eryba1
February 3, 2014 – 12:24 pm
@jakef1111: corrections are never pretty
jakef1111
February 3, 2014 – 12:34 pm
Maybe its the washout factor
eryba1
February 3, 2014 – 12:35 pm
@jakef1111: sure feels like it some gauges pointing to that fear VERY hi on many fronts pendulum swings farther on either end.
eryba1
February 3, 2014 – 12:40 pm
anyone trimming or buying of so which names?
eryba1
February 3, 2014 – 12:49 pm
BA looks like a BUY here, SBUX as well so many things just dumped
chrismossey
February 3, 2014 – 1:08 pm
@eryba1: looking at CMG and nflx
eryba1
February 3, 2014 – 1:09 pm
@chrismossey: market no support yet tanking left and right soon margin desks will get active
jakef1111
February 3, 2014 – 1:09 pm
Probably shoulda some vix and some puts huh…. Cody said it would be hard to buy
eryba1
February 3, 2014 – 1:10 pm
@jakef1111: VXX overbought, trin is up 140% today feat off the charts hi rt now
chrismossey
February 3, 2014 – 1:11 pm
@eryba1: any sense of money flow, where is the money going? The 10yr at 2.6 is not a good place.
eryba1
February 3, 2014 – 1:13 pm
@chrismossey: today NOTHING is SAFE, not even the safe go to stocks BMY, PG etc hi yield stocks or other all down 2-3%
chrismossey
February 3, 2014 – 1:13 pm
Look at the daily chart on Akamai. There is opportunity in that chart ahead of earnings.
eryba1
February 3, 2014 – 1:15 pm
@chrismossey: we all know the 50/50 on earnings reports and reaction. if stocks end at lows unless HUGE beat and huge guide higher may not be enough. Chart shows broke 50 day avg today on hi volume
chrismossey
February 3, 2014 – 1:15 pm
CRM could get interesting under 57.
eryba1
February 3, 2014 – 1:16 pm
@chrismossey: at this point lets find SOME support somewhere no dip buyers to be found oversold or not conditions in spades.
chrismossey
February 3, 2014 – 1:18 pm
agreed.
eryba1
February 3, 2014 – 1:19 pm
@chrismossey: this is as UGLY as yesterdays superbowl
eryba1
February 3, 2014 – 1:21 pm
@chrismossey: recession and horrible Jobs # trying to be priced in here. I am thinking or trimming some gold and adding to some decliners like GOOG down near 4% and have more cash on hand as bounce should be quite strong if we see dow down 300+ today
rzepeda
February 3, 2014 – 1:26 pm
Anyone have thoughts on any emerging market plays?
eryba1
February 3, 2014 – 1:27 pm
@rzepeda: seeing the reason this decline is because of emerging markets I would stick with great companies here who have some exposure there.
chrismossey
February 3, 2014 – 1:28 pm
@eryba1: you bet it is. Goog is getting interesting. I am going to wait for 1100.
eryba1
February 3, 2014 – 1:47 pm
@chrismossey: that # may be here later today or tomorrow, will c. I am getting concerned the margin hour is soon to come
Jeffhok1970
February 3, 2014 – 1:48 pm
@eryba1: by margin hour you mean when the margin calls start and the selloff gets real exciting?
eryba1
February 3, 2014 – 1:49 pm
@Jeffhok1970: yes, time to ante up for margin accounts of margin clerks will sell asap and take us down further woosh like if this non woosh like 1200 pt decline in the down since jan is not enough
gpo344
February 3, 2014 – 1:49 pm
I have such a conflict between using stops and Investors Business Daily, and getting out and staying out. Marty Zweig always said to use stops. I have neglected that advice and it has cost me. I sold some goog this morning and some others like ba and some mmm. Yet I bought some pg and aapl. Aapl finally looks good in a weak market. I sure hope they are buying back their shares hand over fist.
eryba1
February 3, 2014 – 1:51 pm
it feels CRAZY but I want to buy some and I am quite concerned recession, fridays Jobs # we are vert oversold and getting further so rubber band stretching quite far thus no further buys today. Nearing that down 300 level vix up 15% trin up 173% these are BIG #’s
carl
February 3, 2014 – 1:51 pm
It’s Pyeton’s fault.
carl
February 3, 2014 – 1:51 pm
OK, Payton
kirank
February 3, 2014 – 1:53 pm
eryba1 – “seeing the reason this decline is because of emerging markets I would stick with great companies here who have some exposure there” – Do you have specific companies in mind?\
eryba1
February 3, 2014 – 1:53 pm
@kirank: recent earnings winners GOOG, NFLX, CMG, FB to name a few
kirank
February 3, 2014 – 1:54 pm
@eryba1 – “seeing the reason this decline is because of emerging markets I would stick with great companies here who have some exposure there” – do you have specific companies in mind?
kirank
February 3, 2014 – 1:54 pm
Thanks
eryba1
February 3, 2014 – 1:54 pm
@kirank: JNPR, NOW, CAT.
rkumar
February 3, 2014 – 2:02 pm
let the mkt price in a bad jobs number friday
eryba1
February 3, 2014 – 2:03 pm
@rkumar: thats what it is doing, Plus china slowdown, retail sales slowing = usa overall recession
Jeffhok1970
February 3, 2014 – 2:06 pm
what are bit coins doing today?
eryba1
February 3, 2014 – 2:07 pm
i am holding my nose and adding some goog, cien, aapl, fb, amzn
eryba1
February 3, 2014 – 2:14 pm
again small positions being added as we are wildly oversold knowing fear can take us lower. XONE added as new position as well.
rkumar
February 3, 2014 – 2:33 pm
qqq is down 4 p
chrismossey
February 3, 2014 – 2:46 pm
amazingly apple is holding – is this the bottom.
Jeffhok1970
February 3, 2014 – 2:53 pm
think we can we expect some short covering in the last hour?
chrismossey
February 3, 2014 – 3:09 pm
added, amba, yelp, cien, goog, appl, amazon
Cody
February 3, 2014 – 3:10 pm
This 100 point down day in the $NASDAQ is how fear starts to build into panic. Wouldn’t bet on a bottom here, but I’m going to put a little money to work. Details to come.
eryba1
February 3, 2014 – 3:26 pm
@chrismossey: lets see the last 30 min and U see margin selling took affect woosh down to – 320 on down. Lets watch whats holding AMZN 340 now 344 lnkd in the green twtr still 1% in the green aapl goog holding 11355-1137 its horrific out there and so oversold but doesnt matter . is fear guage broken? its tuck at 13 for -250 to – 320 on dow
eryba1
February 3, 2014 – 3:29 pm
@Cody: I stepped out to get kids from blzzard condition in school Naz was down 113 ! WOW!!
Cody
February 3, 2014 – 3:34 pm
http://tradingwithcody.com/2014/02/03/trade-alert-small-tranche-buy-of-xone/
eryba1
February 3, 2014 – 3:40 pm
@Cody: I was thinking the same added it to my portfolio at 43 handle
Cody
February 3, 2014 – 3:47 pm
Contra hour be nasty. Panic to ensue next time the market drops 2%. Bulls should hope we get another whoosh down day like today sooner rather later.
eryba1
February 3, 2014 – 3:53 pm
it is panicky for sure and tom morning up open strong gap up may be sold as people put in orders tonight after seeing todays pounding. trin vix fear #’s off the charts panic we have not seen in some time. market seems to want to close at the lows as Asia declines to come fear weigh.
MikeM
February 3, 2014 – 3:54 pm
@eryba1: I did the samee. Stepped away for a while to cut and split some firewood and came back and 3 of my 4 limit orders on the lowball side executed. Wow is right
eryba1
February 3, 2014 – 3:56 pm
@MikeM: this is powerful and day after day is relentless, feels like it wont stop and has been happening since first trading day of the new year. trin up 185% vix new closing hi 21+ we will see internal data later 90% of volume to the downside would not surprise me, this is a powerful correction for now.
chrismossey
February 3, 2014 – 3:58 pm
my exone filled – I had some low ***** still not filled. Will try again tomorrow.
chrismossey
February 3, 2014 – 3:59 pm
@eryba1: I got my cmg. Yo need to go find one and try it.
Jeffhok1970
February 3, 2014 – 4:00 pm
@chrismossey: cmg food = yummy
eryba1
February 3, 2014 – 4:01 pm
@chrismossey: hit 535 now at 544 big ranges today. BIG decline day. I need to get on the treadmill to work off some of yesterdays wings and food and todays investing tension.
chrismossey
February 3, 2014 – 4:02 pm
I went to the gym midday because of the stress.
Cody
February 3, 2014 – 4:02 pm
@Jeffhok1970: By NYC mexican food standards, $CMG food ain’t bad. By any respectable New Mexican food lover standards, Chipotle Mexican Grill sucks!
eryba1
February 3, 2014 – 4:03 pm
@chrismossey: midday, I would be more stressed looking how the decline had further to go vs in front of a screen and maybe picking up stocks as I did leaving more room for tomorrow if we dont see some bounce
chrismossey
February 3, 2014 – 4:04 pm
@Cody: that is harsh – it is not about mexican it is about fresh and more healthy than other fast food. Regardless – many in this country like it. Did you know Cramer opened a Mexican restaurant?
Cody
February 3, 2014 – 4:06 pm
@chrismossey: Cramer opening a Mexican food restaurant would be like me opening an Oysters-Only joint. hoohah.
chrismossey
February 3, 2014 – 4:09 pm
yeah – he did – they had pictures on CNBC. I was in shock. On another note, when you want seafood, I will ship it to you from Newport RI. Nothing fresher man. If I could get you one of my restaurants coal fired pizza’s in a fresh mode I would send that as well.
eryba1
February 3, 2014 – 4:09 pm
@chrismossey: yes harsh indeed
But what do U want from someone from NEW MEXICO ??
who has access to authentic mexican fare as frequently as he wants.
chrismossey
February 3, 2014 – 4:10 pm
yeah, kind of like going to Kansas city and ordering lobster.
eryba1
February 3, 2014 – 4:10 pm
@chrismossey: exactly!!!!
chrismossey
February 3, 2014 – 4:11 pm
@eryba1: so yelp, cien, xone, lnkd, amba,cmg all filled. Goog, appl and amzn did not so at some point they stabilized a bit.
eryba1
February 3, 2014 – 4:12 pm
today was scary OS much I sweat I think the CNN fear gauge meter BROKE!! It was 13 at dow down 275 and the same at -325 and most indicies closed near the lows. Breadth probably was better than many would think as some stocks didnt see hurrendous declines like TQNT, AAPL, TWTR, LNKD, JNPR
eryba1
February 3, 2014 – 4:13 pm
@chrismossey: yes some productive action in a mindless dump baby with bathwater scenario. TRIN up 188% NUTS
eryba1
February 3, 2014 – 4:14 pm
VIX new higher hi 21.25 up another 15.6% oscilaltor should see – 225 range, but these are just bells and whistles fear trumps all and we all know we can go lower. leave dry powder by your side.
jakef1111
February 3, 2014 – 4:23 pm
@cody any thoughts on SZYM and that type of space
eryba1
February 3, 2014 – 4:35 pm
That was a WIld day and has been a wild 2014. As chris mentioned last week its more a trading environment that long term investing. We can see that is a good idea for now to sell rips and buy dips in tranches style or wait for upside trends to emerge in better acting stocks and market leaders. 2013 rewarded the buy and hold approach even if we did see 10-20% decline even in stocks like FB. Lets be vigilant and see where we find some support and what sparks an oversold rally that should be quite strong when it begins but from what levels we do not know. lets watch to see what stocks STOP going down with the market. today it was a few who had corrected but did not act weak in an UGLY tape LNKD, AAPL, TWTR,ZNGA, to name a few.
chrismossey
February 3, 2014 – 4:51 pm
@eryba1: amba has a solid chart, take a look.
eryba1
February 3, 2014 – 5:18 pm
@chrismossey: testing 28-3 for nearly the 4th time, the more times it hits the support the more time it can break it, in this case to the downside same would apply to the upside. However in this market nothing has much support until it does. I have amba on my screen and added codys INVN and jdsu as well. for now looking at stocks that for NOW seems to have some support after their corrections or stronger earnings that have done better than the amrket on a vicious day like today. Those would be AAPL, LNKD, ZNGA, FB
Cody
February 3, 2014 – 6:34 pm
@eryba1: One of the best contrarian traders I ever knew used the $TRIN when it’d go extreme. Good point out.
Cody
February 3, 2014 – 6:35 pm
@jakef1111: $SZYM Sales Growth (year/est) 54.60% 201.30% -4.80% 273.10%
Cody
February 3, 2014 – 6:36 pm
And Year Ago EPS -0.40 -0.43 -1.37 -1.66
Cody
February 3, 2014 – 6:36 pm
Looks risky esp at 52 week highs, FWIW.
eryba1
February 3, 2014 – 9:21 pm
If anyone here likes using the FB app u MUST download
eryba1
February 3, 2014 – 9:25 pm
Download facebook a PAPER app. Too cool customize able. Tilt screen left and rt. easy nice to look at use etc. Plus this new on iwatch. http://m.fastcompany.com/3025953/tech-forecast/apples-iwatch-could-charge-with-magnets-and-sunlight?utm_source=facebook
eryba1
February 3, 2014 – 9:26 pm
That’s facebooks PAPER app.
jakef1111
February 3, 2014 – 11:08 pm
@cody thanks for the insight seems like an interesting tech… I have a friend who works at a co called cool planet making carbon neg gas… Trying to research the space a little with very little time.. I havnt invested at all yet just trying to keep n eye out
jakef1111
February 3, 2014 – 11:14 pm
@Cody: Szym current yr sales growth -4.8% next yr 273% looks interesting but i dont understand the huge jump maybe they scale their bizz and increase margins…
eryba1
February 4, 2014 – 8:05 am
Zynga upgraded at UBS FEB 04, 2014 | 7:39 AM EST ZNGA upgraded to Buy from Neutral, UBS said. Core operations stabilized under new management and cost cutting in motion. $6 price target.
eryba1
February 4, 2014 – 8:12 am
n addition to that TRIN reading, the CNNMoney Fear and Greed Index is now at 13. The lowest was around 10, at the October 2011 lows. On top of this, Monday saw 90% of the volume come on the downside for both the NYSE and the Nasdaq — something we haven’t seen since the low in October 2012.
eryba1
February 4, 2014 – 8:12 am
Cramer starting to feel as I do about shopping malls and confirmation of what Starbucks CEO has been saying etc: Yep, the mall has got a few strikes against it: Parking may be inconvenient, you may not want to wait at a register, you may not be getting the lowest prices and you probably want the stuff delivered to your house anyway. You just might not have wanted to switch because you are a mall user by force of habit. However, if the weather has taken you out of the mall loop and you still need stuff, although not at that red-hot minute, then Birchbox and Amazon Prime are for you. You might never go back to your old ways.
chrismossey
February 4, 2014 – 8:16 am
People will go shop for what they really want though. Apple stores, Michael Korrs, chipolte, CVS, whole foods etc. Trends are changing fast. Those companies that have cool products, build loyalty, know their customers trends, reach them with timely relevant offers will win. The commodity type stores are broken and will go away.
eryba1
February 4, 2014 – 8:17 am
facebooks PAPER app launched yesterday is BETTER in some ways than their old app: http://www.usatoday.com/story/tech/2014/02/04/facebook-paper-hands-on/5199111/
chrismossey
February 4, 2014 – 8:18 am
For this – a stock to look at it Akamai. They speed ecommerce and Cody’s picks don’t necessarily play directly on the backbone of ecommerc, they support ecommerce but don’t supply the shared platform used for commerce like akamai.
eryba1
February 4, 2014 – 8:19 am
@chrismossey: yes, which is what SBUX ceo is saying, U go directly to what U want then leave at the mall, U go into the SBUX get your java then leave, or get your JAVA swing by apple then leave. They see anew product and test it out, can go home order it online, customize it etc etc if the store is too busy.
chrismossey
February 4, 2014 – 8:21 am
So follow that – how does one monetize that. Smaller demo type stores for the feel and touch experience and then order on line? Who knows right, it is a hard problem to fix. You do run the risk of people leaving and then changing their mind.
chrismossey
February 4, 2014 – 8:24 am
@eryba1: I was thinking about apple a bit last night and how to play it both short term and long term. If we find stabilization here it is going to be very susceptible to spikes from the product rumor mill which is june and sooner in time frame. It might be an a stock we could overweight a bit for further correction protection.
eryba1
February 4, 2014 – 8:27 am
@chrismossey: did U see the link I sent last night about the iwatch look style feel possibility? It could JUMP anytime on ichan, buyback, other its just hated so any news will have shorts or buyers interested to flee or add. This market wants growth AND profits something APPLE and AMZN did not show both of
eryba1
February 4, 2014 – 8:29 am
For now we are looking short term a Pretty big bounce to then sell some if you bought yesterday and this suspect positive open HOLDS, many wanted another 100 point slide final washout. Lets see if we bounce to how hi and then start to trim and wait to see what happens, as it doesnt seem the issues outstanding that caused this correction have been rectified.
chrismossey
February 4, 2014 – 8:29 am
sorry I did not. I left early to meet friends for drinks in this nice 82 degree evening weather. My apologies.
eryba1
February 4, 2014 – 8:30 am
NP
I was shoveling snow with friends myself!
chrismossey
February 4, 2014 – 8:31 am
Not a bad idea to sell some calls out in march against long positions that you do not want to sell anyway to earn income during the correction.
eryba1
February 4, 2014 – 8:34 am
@chrismossey: if U dare look at NYC weather more snow all week they say tues night sunday etc etc, try to come back when its all melted
chrismossey
February 4, 2014 – 8:35 am
@eryba1: Not coming back to 3/1 my friend and then heading to Bermuda for meetings the following week. So March 10 or so will be when life in the Northeast resumes in earnest.
eryba1
February 4, 2014 – 8:35 am
@chrismossey: sounds like a golden parachute of a plan!
chrismossey
February 4, 2014 – 8:39 am
In the mean time lets make some money in this market!
chrismossey
February 4, 2014 – 8:39 am
I need to pay for it all.
eryba1
February 4, 2014 – 8:39 am
@chrismossey: i know what u mean!!!
Cody
February 4, 2014 – 8:41 am
Not sure it matters how the mkt opens today. $DJIA $SPY investors and momo traders still need a panic washout before I get aggressive.
eryba1
February 4, 2014 – 8:43 am
markets overshoot to the up and downside, lets see if we bounce to what levels and where our buys yesterday take us to. The really frigid weather has had an affect on car sales, home buying, retail, the market is trying to price in a dip in gdp and a weak Jobs #. Has it discounted too much? We wont know until we see the #. KORS says retail and its sales are VERY strong this morning stock is up 20% this morning. Its very select, people spending on amazon rev were up 20%, goog, FB, KORS, $ is moving and finding where to be used best by consumers and businesses.
Cody
February 4, 2014 – 8:44 am
Beautiful 6″ of snow fall overnight here in Alto, NM, elevation 7400′ at my house. No complaints about that from us. Ski Apache, elevation 11,700′ is probably going to be awesome for the next few days.
chrismossey
February 4, 2014 – 8:44 am
@Cody: what are your thoughts on twtr after the bell? Reason for asking – I have a feb22 – 60/75 call spread that is pretty profitable at the moment and I am contemplating any action I should take ahead of earnings. Hold / roll it out / take it off / outright straddle. – Just curios what you are thinking for their report.
eryba1
February 4, 2014 – 8:44 am
trends are changing , habits, mobile, social, cloud are doing best from NFLX, CMG, NOW, FFIV, JNPR we need to understand this and invest in the new leaders of this economy as spending habits morph from old to new ways.
carl
February 4, 2014 – 8:45 am
I am a skier and love snow. I also love to hear others complain about it.
Cody
February 4, 2014 – 8:46 am
@chrismossey: After $FB’s blowout qtr, $TWTR will be hard pressed to impress tonite. Feet to fire, I’m more bearish than bullish on $TWTR for tomorrow’s action.
chrismossey
February 4, 2014 – 8:47 am
@Cody: That is my gut instinct as well. Feet to fire – trade is coming off into strength this morning.
eryba1
February 4, 2014 – 8:47 am
@Cody: @carl: only complaint is not being ON the slopes and trying to dig your car from under a slope of heavy thick dense snow and driving 3 kids to school at 7:30am when the streets are rock hard with frozen H2o beneath 1-2″ thick
Cody
February 4, 2014 – 8:47 am
U don’t have to remove it all…u know me, always trying to have our cake and eat it too…maybe take profits on 3/4 or 2/3 or something?
eryba1
February 4, 2014 – 8:48 am
@Cody: unless My mind has frozen over from clearinga dish of snow 4 times and shoveling house 6, what were your thoughts on the amazon QTR?
Cody
February 4, 2014 – 8:48 am
@eryba1: I admit to not being a fan of the snow in NYC. I’m just saying, you won’t believe the view in the pic, I’ll take in a few mins as the sun rises.
Cody
February 4, 2014 – 8:48 am
@chrismossey: U don’t have to remove it all…u know me, always trying to have our cake and eat it too…maybe take profits on 3/4 or 2/3 or something?
eryba1
February 4, 2014 – 8:49 am
@Cody: go ahead make us jealous
eryba1
February 4, 2014 – 8:50 am
@Cody: snow in NYC soon turns to black masses as millions start to move about.
Cody
February 4, 2014 – 8:50 am
@eryba1: Not black, but a yellowish gray of dog piss and soot.
eryba1
February 4, 2014 – 8:50 am
black masses of dirty snow is not pretty and slushy 5″ deep corners U fall into.
chrismossey
February 4, 2014 – 8:51 am
@Cody: thank you – good advice. 22 contracts each way so I can easily bring it down to about 6 and still have the benefit of good action. Snow in NYC is sickly in 24 hours.
eryba1
February 4, 2014 – 8:52 am
@Cody: I think this market will CHEER higher rates on the 10yr from now on. on the verge of breaking 3% yield to the upside S&P was 1848 now on the verge of breaking 2.5 on the downside its at 1740
eryba1
February 4, 2014 – 8:56 am
@Cody: @chrismossey: in alta its gorgeous and picturesque in NYC its nice for 24 hrs then gets GROSS real fast.
chrismossey
February 4, 2014 – 8:56 am
@Cody: I recall your original thoughts on akamai in the 100 stock for the app revolution. Might have the name wrong but am curious if you have consider this segment of technology services recently. they seem to be front and center in this larger shift to ecommerce vs brick and mortar.
Cody
February 4, 2014 – 8:57 am
@chrismossey: Apple and Google and others are building out competing networks and that might eventually hurt AKAM, but I still like the company long-term
eryba1
February 4, 2014 – 8:58 am
@Cody: I know goog is building out its own network, Apple is doing the same? I have not heard of that.
Cody
February 4, 2014 – 8:59 am
http://www.marketwatch.com/story/apple-quietly-builds-out-networks-for-content-delivery-2014-02-04
Cody
February 4, 2014 – 8:59 am
Early bird!
eryba1
February 4, 2014 – 9:00 am
@Cody: is this a prerequisite to apple TV?
eryba1
February 4, 2014 – 9:01 am
Why would apple need its own bandwidth? what r u thoughts? It needs content! should have bought NFLX under 100
Cody
February 4, 2014 – 9:04 am
Here’s teh view from my office as the sun rises. http://www.scutify.com/profiles/leader.aspx?q=codywillard&s=52f0f327d36feb119cebf039
eryba1
February 4, 2014 – 9:05 am
@Cody: like christmas morning on the farm
eryba1
February 4, 2014 – 9:05 am
By the way can we POST pict here on TWC?
Cody
February 4, 2014 – 9:05 am
Yup
Cody
February 4, 2014 – 9:05 am
I can but it’s not as easy as doing it on the Scutify app.
eryba1
February 4, 2014 – 9:06 am
@Cody: a few have asked for pict and other from events , social etc wanted to share so wondering how we can do that in this TWC community
Cody
February 4, 2014 – 9:07 am
I’m sure I can find a plugin for the site that would let us do that.
Cody
February 4, 2014 – 9:07 am
Let me work on it.
eryba1
February 4, 2014 – 9:07 am
bk to apple for a second, why do U think it wants this fiber? bandwidth?
Cody
February 4, 2014 – 9:08 am
@eryba1: Look ten years out and you can see that $AAPL will need much more bandwidth to deliver the future of the apple ecosystem, no?
eryba1
February 4, 2014 – 9:10 am
sure growth is growth, itunes apps to deliver faster bigger memory apps, more detail super HD or 4D that I get 10 years from now yes, but today how does apple turn itunes store into social which is growing like mad and itunes has So many users.
chrismossey
February 4, 2014 – 9:30 am
@eryba1: liking the two days of upward pressure bias on apple.
eryba1
February 4, 2014 – 9:31 am
upward? : ) stabilization perhaps
chrismossey
February 4, 2014 – 9:32 am
@eryba1: yes, could have chosen my words better.
eryba1
February 4, 2014 – 9:32 am
@chrismossey: excitement got the better of u
eryba1
February 4, 2014 – 9:37 am
nice move in ZNGA today on upgrade to $6 target’
eryba1
February 4, 2014 – 9:41 am
looks like we may go RE MANY MANy wanted flush out like cody this morning vs UP opening.
carl
February 4, 2014 – 9:48 am
@everyone Neat article by an Intel (and Micron) afficianado. Bottom line is that Intel goes to mid 40’s. http://seekingalpha.com/article/1990411-intel-upside-potential?source=email_authors_alerts&ifp=0
Olivepetunia
February 4, 2014 – 9:49 am
@eryba1: You wrote: “go RE MANY MANy wanted flush out like cody this morning vs UP opening”. Pls explain what does this mean?
joe.evicel
February 4, 2014 – 9:52 am
@Olivepetunia: haha I am often in that same boat
eryba1
February 4, 2014 – 9:53 am
@Olivepetunia: it was supposed to read “RED” MANY wanted the market to open of woosh down 100 points to flush out any sellers at the open from orders placed last night from people seeing a d down 325 close
eryba1
February 4, 2014 – 9:54 am
instead market opeened in the green 40+ then went red -10+ and now buyers / traders stepping into to very oversold levels. But we need a SPARK to buy, jobs # not that bad slect tech still great etc otherwise it will just be a good oversold bounce.
carl
February 4, 2014 – 9:56 am
@eryba1 I had a previous life that was like that. Move to Lake Placid and work from your home. We have schools here. Cody will say something similar.
eryba1
February 4, 2014 – 9:58 am
@carl: let the stock price be our guide after its 10% plus decline
chrismossey
February 4, 2014 – 9:58 am
@Cody: perhaps to get our stocks to a high note we need to add some canibus stocks!
eryba1
February 4, 2014 – 9:59 am
life that was like that? rat race
Turtle108
February 4, 2014 – 10:02 am
@chrismossey: was just going to post about same topic- look at charts for PHOT CBIS- http://finance.yahoo.com/q/bc?s=CBIS&t=6m&l=on&z=l&q=l&c=phot
eryba1
February 4, 2014 – 10:07 am
@chrismossey: MDBX
eryba1
February 4, 2014 – 10:07 am
medical marijuana
joe.evicel
February 4, 2014 – 10:07 am
@chrismossey: I bought into $phot a few weeks ago for a small position at $.19 but got out yesterday at $.34. Very risky, and had to watch it closely. Also bought a bit of $GWPH which was less risky
joe.evicel
February 4, 2014 – 10:09 am
@Turtle108: $phot will be potentially diluting shares on the 7th so be careful
Turtle108
February 4, 2014 – 10:10 am
@joe.evicel: thanks for that- appreciate it-
chrismossey
February 4, 2014 – 10:10 am
Well I have missed the boat on this. We could treat these like our bankruptcy plays. These might better bets to go higher.
eryba1
February 4, 2014 – 10:11 am
@chrismossey: if anyone wants they can go to hbo.com and see the segment from realsports on medical marijuana GREAT piece. very lucrative yet VERY VERY SCARY, banks wont take their $, they need to wash the $$ literally because of the smell and danger, robberies because HUGE cash business.
eryba1
February 4, 2014 – 10:26 am
Oil making a W bottom in the form of ETF USO? seems markets are TRYING to find some footing but no real data to work off. Instead individual names doing well off earnings or upgrades like YUM, KORS, ZNGA
eryba1
February 4, 2014 – 10:31 am
anyone selling or buying today?
drefleury
February 4, 2014 – 10:37 am
@chrismossey: When you go to Bermuda, check out my buddy Odilio’s restaurants… “Flying Fish,” “The Dining Room” (in the Gibbs Hill Lighthouse in Southampton), and Rustica for some nice Italian home-cooking. He’s a dear friend, his seafood is super fresh since most of it was shot right outside the reef that day. Tell him Dre’ sent you.
drefleury
February 4, 2014 – 10:39 am
Pick up some 3D printing stocks at these levels? DDD, etc?
eryba1
February 4, 2014 – 10:40 am
@drefleury: I was buying Xone yesterday after its near 9% decline on monday alone and down from 67.5. nice entry points for a tarnche
drefleury
February 4, 2014 – 10:41 am
@eryba1: Agreed, I followed Cody into the XONE yesterday and hope it will blend out some previous purchases.
Turtle108
February 4, 2014 – 10:45 am
@eryba1: added a tiny bit to GDXJ- I still think this is the trade to make. IF gold takes off at all, the good mrs will fly.
Turtle108
February 4, 2014 – 10:46 am
should say jrs.
Turtle108
February 4, 2014 – 10:48 am
look at FURX today- holy cow!
eryba1
February 4, 2014 – 10:48 am
@Turtle108: For now we need to look for the stocks that will bounce the best and see if the bounce turns into something better = a bottom, but alas everyone will need to say then a RETEST is needed a better bottom internally breadth, advance decline, less new lows etc. For now this is just a bounce.
eryba1
February 4, 2014 – 10:49 am
@Turtle108: for every furx I can show U 100 stocks down 90% biotech is hit or miss. Misery or money maker a roll of the dice.
Turtle108
February 4, 2014 – 10:49 am
@eryba1: agree, but maybe the gold stks have already bottomed and retested and retested the retest.
eryba1
February 4, 2014 – 10:51 am
@Turtle108: gold seems to have moved as with stocks in line with the rise of the 10yr yield to nearly 3% a few weeks ago. Since then gold holding its own, stock clobbered. The higher yields get the more inflation down the road to be controlled by higher rates gold could rise.
Turtle108
February 4, 2014 – 10:52 am
@eryba1: yes, you’re right about that too- I have been holding GILD for awhile, large biotech with incredible pipeline of drugs coming- especially to fight HepC, which some say is a plague among boomers.
eryba1
February 4, 2014 – 10:53 am
@Turtle108: gild stock and chart is a thing of beauty! good name to have
eryba1
February 4, 2014 – 11:00 am
@Turtle108: My family was once invested in a pharma drug, it cost us dearly for not taking profits and adding more and more= too eggs in one basket analogy and it was a nightmare
Turtle108
February 4, 2014 – 11:01 am
@eryba1: yeah, we all have those kind of bummers. I “think” GILD is just getting started- I have a nice position, won’t be adding, and also have stops. But it has been very strong thru all the corrections-
Turtle108
February 4, 2014 – 11:03 am
@eryba1: back to FURX- @bigoptions on Scutify identified unusual option activity in FURX at the end of Jan, and now this huge move- his stuff is interesting to follow-
Turtle108
February 4, 2014 – 11:03 am
@eryba1: just FYI, and of course, FWIW.
eryba1
February 4, 2014 – 11:03 am
@Turtle108: yes the chart is text book! great pickup on your part. bummers- is an understatement I can smile now but back then
eryba1
February 4, 2014 – 11:04 am
@Turtle108: nice call on his side! one to follow perhaps on the app. Do U have it on your mobile device to follow his posts?
Turtle108
February 4, 2014 – 11:07 am
@eryba1: no, I don’t, but I will now that you mention it- I am finding his info pretty interesting- just hard to buy on that type of call, well, for me- I have asked him to keep his eye open for unusual activity in metal stks- he says he will find them thru his screens if any do occur- maybe after following him for awhile I’ll get more comfortable, but it seems it is more gambling than investing- and well, I am sure you know about that…….
Turtle108
February 4, 2014 – 11:09 am
there’s a small jr I really like- MDW- take a look- would like to know your thoughts, if any – fundamentally, they are a pretty solid co- I have been following them for a few yrs-
eryba1
February 4, 2014 – 11:10 am
@Turtle108: yes let him work up a track report and never go all in.
eryba1
February 4, 2014 – 11:10 am
mdw- midway gold?
eryba1
February 4, 2014 – 11:12 am
@Turtle108: yes I know what U mean gambling by options data mining etc When accounts rise over time with hard work, day to day nose to the grind stone its hard to invest into something U know nothing about. The sensation of a loss is MUCH more painful than the joy of making $$
Turtle108
February 4, 2014 – 11:17 am
@eryba1: yes- Midway- in mining friendly Nevada-
Jeffhok1970
February 4, 2014 – 11:18 am
msft did not bounce much after the ceo announcement. I have some APR calls as recommended by Cody. Thinking of selling them here. Anyone have an opinion?
eryba1
February 4, 2014 – 11:19 am
@Turtle108: 5 yr hi 2.8, uptrending now. This is why I am more comfortable with the GDX a basket of gold miners vs just one stock.
eryba1
February 4, 2014 – 11:20 am
@Jeffhok1970: msft looks fine rt now chart wise, earnings were GOOD.
Turtle108
February 4, 2014 – 11:21 am
@eryba1: so true- I would like it if he would find a stk I already know and understand, then it might be more meaningful- I’m watching for his calls and maybe one day his and my ideas will match-
eryba1
February 4, 2014 – 11:23 am
@Turtle108: codys background is tech based- so this is his forte, yes not diversified in the sense of metals, industrials, energy, financials, tech type of a portfolio but he does what he knows best. Its up to us to see if we want to add what he is adding, to short what he is shorting. decisions we each know whats best for our own portfolios, time frame, risk tolerance etc etc
Turtle108
February 4, 2014 – 11:25 am
@eryba1: agree- hope you will have some GDXJ also- I study this stuff, go to resource shows, I get to know some of these cos and their people- MDW is one I am comfortable with- I only have a few individual miners- I prefer the royalty cos as the way to go, let the smart guys pick for me- really like FNV- SLW-
rkumar
February 4, 2014 – 11:25 am
znga any news??\
rzepeda
February 4, 2014 – 11:26 am
@Turtle108 – what do you think of NEM..making new lows
rkumar
February 4, 2014 – 11:27 am
social networking stocks outperfprming—znga fb socl
Jeffhok1970
February 4, 2014 – 11:32 am
@rkumar: ZNGA – UBS upgrade
eryba1
February 4, 2014 – 11:33 am
@rkumar: posted this morning upgrade target $6
Turtle108
February 4, 2014 – 11:34 am
@rzepeda: I think some of the majors are in trouble- they don’t have enough reserves and now have to buy the smaller guys- also, some of NEM mines are in unfriendly locations. “Newmont is likely to remain under pressure. The company’s cost and production guidance is not reassuring. The situation in Indonesia, where government imposed heavy taxes on copper concentrate exports, ads to the uncertainty.”
Turtle108
February 4, 2014 – 11:37 am
@eryba1: just FYI, I am following Cody’s tech picks very closely, and building a nice pf with them- have held some for many years, i.e AAPL. I do have a slightly balanced pf, with my largest positions being income stks, mlp’s, and energy-
eryba1
February 4, 2014 – 11:43 am
@Turtle108: yes diff age require a diff balance and names in your acct.
eryba1
February 4, 2014 – 11:43 am
so far for today–the put/call ratio is 138%. If it stays here it would be the highest since the October low.
Jeffhok1970
February 4, 2014 – 11:48 am
@eryba1: i noticed the p/c ratio rising too. thought it bullish.
eryba1
February 4, 2014 – 11:49 am
@Jeffhok1970: it is, contrary indicator!
eryba1
February 4, 2014 – 11:50 am
@Jeffhok1970: its so hi too many bears, too much pessimism, fear greed gauge at 13 yesterday, today 15 TOO LOW, oversold, but we can always get further this is emotions at play, dumping of good and bad stocks.
Jeffhok1970
February 4, 2014 – 11:56 am
I am sitting on cash. Made a few purchases yesterday. Very happy with those moves. have more cash ready…
eryba1
February 4, 2014 – 11:57 am
@Jeffhok1970: nice moves, cash and buys yesterday. So far looking good. what do U want to add? price ranges?
Jeffhok1970
February 4, 2014 – 12:01 pm
xone – 43.25; spy 175, 174; QLD 91; QLD apr 92 call; vix march 16 put; splk 74; scty 70.50
eryba1
February 4, 2014 – 12:05 pm
@Jeffhok1970: good entries!!
eryba1
February 4, 2014 – 12:25 pm
Baltic dry index down again from 2337 a few weeks back to 1084 down 8 today a near 60% decline so far. past few days smaller and smaller declines yet still no bounce in sight.
Jeffhok1970
February 4, 2014 – 12:26 pm
Anyone adding puts on IEF or buying TBT? Anyone making interest rate plays here?
eryba1
February 4, 2014 – 12:30 pm
@Jeffhok1970: for me the interest play is GOLD, higher rates = better economy = more inflation vs deflation and thus Gold and gld and gdx, but for now from these oversold levels, too hi a level of bears and the like a, I am looking for more of a bounce first.
eryba1
February 4, 2014 – 12:36 pm
cars of tomorrow here today? will this concept car make it to fruition and look like this?
http://www.volvocars.com/us/all-cars/concept-cars/concept-xc-coupe/pages/default.aspx
jahmon
February 4, 2014 – 12:48 pm
I’ve lost money on every Cody IEF put unfortunately so gunshy
eryba1
February 4, 2014 – 12:52 pm
@jahmon: was it a timing issue or just the IEF itself?
rkumar
February 4, 2014 – 12:57 pm
sure feels like fb is new mkt leader??zuckerberg best ceo in the business>>???
eryba1
February 4, 2014 – 12:57 pm
@rkumar: yes, have U tried their new PAPER app, VERY good rich media, cody e-mail now to all on this vs TWTR and limited 140 non rich media format.
rkumar
February 4, 2014 – 12:58 pm
its a horseman –fb –boooyyyaaahhhhhhh
eryba1
February 4, 2014 – 1:00 pm
@rkumar: FB, GOOG clear leaders, YELP, SCTY strong social and solar themes. AAPL and AMZN need to prove themselves. We know rev up 20% = people shopping like mad there and not retail malls, but they are spending wildly too to get to be the biggest and go to name for all shopping online.
rkumar
February 4, 2014 – 1:09 pm
jdsu why does it trade horribly–earnings seemed fine??
rkumar
February 4, 2014 – 1:11 pm
what do u guys think zuckerbergs plans are for instagram and how will he monetize iit??
Turtle108
February 4, 2014 – 1:41 pm
do you guys follow BIDU at all? it has corrected pretty far, thinking of getting back in with a small position- I think Instagram will monetize with ads-
eryba1
February 4, 2014 – 1:42 pm
@Turtle108: bidu seems to be bouncing with the rest of the market for now.
Turtle108
February 4, 2014 – 1:43 pm
@eryba1: so not a time to start scaling in –
eryba1
February 4, 2014 – 1:46 pm
@Turtle108: ohh U can scale in if you want to start adding tranches in this name, I am just saying like many other stocks that broke their 50 day moving, its is not up trending and all bounces are suspect for now even from very oversold levels. I am looking for a further bounce overall, lets see if it comes, or was this THE bottom time will tell.
Turtle108
February 4, 2014 – 1:49 pm
@eryba1: gotcha. thanks.
jakef1111
February 4, 2014 – 1:50 pm
@cody will you be buying any vix or spx puts?
carl
February 4, 2014 – 2:00 pm
Znga a buy?
jakef1111
February 4, 2014 – 2:01 pm
Or is it too late for that
eryba1
February 4, 2014 – 2:01 pm
@carl: im waiitng for a pullback. just last week it was at 3.4
Turtle108
February 4, 2014 – 2:01 pm
just FYI, GILD announces earnings after the close today- getting some nice upgrades already- but, you never know what the price will do-
eryba1
February 4, 2014 – 2:03 pm
@Turtle108: we all know earnings are 50/50, and in this overly pessimistic market where no upside is safe for now? Let see the #’s and reaction to them.
rkumar
February 4, 2014 – 2:20 pm
dxd is a good hedge against tech longs
eryba1
February 4, 2014 – 2:25 pm
after some time in the market and yes we are down something like 1200 dow points in almost a straight line but U cant start to feel SOME signs stability. The market is trying with about 90 min left would be nice to see some support / basing, tera ferma trying to be put even all the way down here after this 5-8% corrections in the averages and 10+% corrections in MANY stocks. Lets see how the day ends.
jakef1111
February 4, 2014 – 2:33 pm
@eryba1: so do you feel like putting money to work on the longside or buying downside protection?
doug.sekula
February 4, 2014 – 2:33 pm
@eryba1: @chrismossey: Just added HEMP on the dip today. Still .25ish. In my eyes good spec play on the weed. More hope then a bankruptcy play. Ideas??
rkumar
February 4, 2014 – 2:34 pm
hemp–otcbb??
eryba1
February 4, 2014 – 2:36 pm
@doug.sekula: mdbx- go look at the realsports marijuana show just aired
doug.sekula
February 4, 2014 – 2:40 pm
Shot up like a weed the last couple days. LOL. Wish I bought MDBX or FNMA in the .20’s when I had the chance and was thinking about it. Missed both! Coworkers were buying FNMA at .22. Sheldon made a fortune. He sat and held for about a year. Patience???? Scary to me but it paid off.
jakef1111
February 4, 2014 – 2:40 pm
@doug.sekula: mjna looks interesting too
doug.sekula
February 4, 2014 – 2:40 pm
for him.
doug.sekula
February 4, 2014 – 2:42 pm
As much potential tax money it can bring in and if all goes well in Colo, this will become legal all over this land.
eryba1
February 4, 2014 – 2:42 pm
@doug.sekula: too scary unless a small % in. mdbx from single digits to 75 now back to 34. wild rides
doug.sekula
February 4, 2014 – 2:43 pm
Think I heard Cramer this morning talking he was going to look into these weed stocks
doug.sekula
February 4, 2014 – 2:45 pm
@eryba1: At .25 ill take some of those huge profits in FB @63 today and roll them into a little spec. Wanted to buy HEMP at .15 at the open but was driving to work.
doug.sekula
February 4, 2014 – 2:46 pm
Still 80% in FB. Was thinking about some XONE.
doug.sekula
February 4, 2014 – 2:49 pm
@jakef1111: Thanks! Gonna buy some of that too. Didnt know about that one. Got the “Medical” in the title too. Nice….
eryba1
February 4, 2014 – 2:58 pm
apple acting well found support at 495-500? some TA think no resistance until 525 area, lets us see how the markets close close today and asia acts overnight. A stock pickers market as the S&P is down 4% YTD and some names on Codys list are performing well YTD.
eryba1
February 4, 2014 – 3:05 pm
interesting to see earnings from TWTR tonight. If not good will it drive people to FB stock. If OK but growth not rampant will it drive investors to FB great Q and stock? if good will it be a 2 man race FB vs. Twtr?
eryba1
February 4, 2014 – 3:14 pm
Hard numbers are tough to come by since the company never releases specifics when it can avoid it. But best estimates are that close to 20 million consumers have Prime memberships, and they spend about twice as much in a year as non-Prime customers.- http://www.usatoday.com/story/tech/2014/02/04/amazon-prime-price-increase-customers/5204489/
eryba1
February 4, 2014 – 3:26 pm
WOW- VERY COOL by FB on their 10 year anniversary- everyone should do this who has an account. https://www.facebook.com/lookback/
doug.sekula
February 4, 2014 – 3:29 pm
@eryba1: That is cool
eryba1
February 4, 2014 – 3:30 pm
@doug.sekula: YES!!!!
eryba1
February 4, 2014 – 3:30 pm
whats not cool is market loosing 70 pts so far in straight line + 95 to + 20
eryba1
February 4, 2014 – 3:36 pm
@doug.sekula: I think 500-1B people if they heard about it will use it, its a lot of fun to see hastle free, music and all and super fun to see at least once.
eryba1
February 4, 2014 – 3:42 pm
S&P cuts puerto rico credit rating to junk, thus the fast decline we saw, spooked markets and jumpy already.
eryba1
February 4, 2014 – 3:51 pm
wouldnt be surprised if that HI put call ratio stayed there all day. Lets see stats tom morning.
drefleury
February 4, 2014 – 4:04 pm
Time to buy some land in PR?
eryba1
February 4, 2014 – 4:43 pm
@drefleury: anywhere but the polar icecap vortex that has encapsulated NYC
davidoosnk
February 4, 2014 – 4:49 pm
I’m game to check out real estate investments in Puerto Rico if there is a crash.
Teewilly
February 4, 2014 – 4:54 pm
eryba1..any thoughts on TDPIX fund focused on 3d printing just opened yesterday basically a basket of those stocks
ebdavids
February 4, 2014 – 5:00 pm
@eryba1: (or anyone) Hi — if you’re still there…in last week’s Q&A, when i asked Cody about some alternative plays on the coming rate rise (other than puts on IEF which i have), he suggested i look into TLT and TBT (but go far out for expirations). You familiar with these? I looked ’em both up, hard to figure out the different bond plays they represent — feeling very dumb all of a sudden –with the description suggesting one is ALREADY a contrarian play (so one wouldn’t buy puts or shorts). Got a clue? I could alwaysask Cody tomorrow. Thanks.
eryba1
February 4, 2014 – 5:04 pm
@Teewilly: find out what stocks they hold, what % those stocks make up the fund.
eryba1
February 4, 2014 – 5:04 pm
@ebdavids: best time to ask him is tomorrow on your options play hedges
ebdavids
February 4, 2014 – 5:06 pm
thanks. good night!
Teewilly
February 4, 2014 – 5:08 pm
check this link http://money.cnn.com/2014/01/31/investing/3d-printing-fund/index.html?section=money_news_international
eryba1
February 4, 2014 – 5:09 pm
@Teewilly: so there U go not just 3d but GE. Need to see all its holding and what % each company makes up of this new fund.
Teewilly
February 4, 2014 – 5:10 pm
basically 40 companies some pure plays but related as well..no track record of performance and a brand new fund manager so risky….
eryba1
February 4, 2014 – 5:11 pm
@Teewilly: yes risky as always as concentrated in 3d but lok at all 40 names and get the % of each in the fund to know your risk better and 3d stocks itself are down 15-35%
chrismossey
February 4, 2014 – 7:34 pm
What is up with the TWTR earnings report. Why is it not out yet? Day wrong?
chrismossey
February 4, 2014 – 7:35 pm
ah, it is tomorrow on their webpage, another outlet had it as today.
Jeffhok1970
February 4, 2014 – 7:44 pm
@ebdavids: In theory – TLT goes up when bond prices go up (yields down); TBT goes up when bond prices go down (yeilds go up). both are 2x on some 20 yr bond. And that is all I know…
eryba1
February 5, 2014 – 8:16 am
@chrismossey: it reports wednesday, not tuesday.
eryba1
February 5, 2014 – 8:20 am
ADP data today at 8:30 will guide the market, EVEN if its has been WRONG its an early TELL for some about the jobs # for friday. Everyone is pricing in and fearful of a recession this polar arctic dome of cold snow NYC is seeing again today the whole east coast is in the same boat. And another storm this weekend. No business as everyone is busy digging out day after day week after week. However I think that is where tech thrives digital commerce from amazon , nflx, goog, fb etc
eryba1
February 5, 2014 – 8:21 am
adp 8:15- my mistake its out economy added 175K jobs vs expected 185K gold up 1%
eryba1
February 5, 2014 – 8:31 am
Look at this its early and FEEBLE but the baltic dry index is up 2 points to 1084 1st time in weeks it is up.
eryba1
February 5, 2014 – 8:52 am
Strange-Currencies – u excited to have the olympics in russia?
eryba1
February 5, 2014 – 8:53 am
DDD – announces earnings stock down 13% and taking 3d stocks with it- http://finance.yahoo.com/news/3d-systems-announces-preliminary-full-134500367.html
calmdaw1
February 5, 2014 – 9:04 am
DDD has been a great short
Cody
February 5, 2014 – 9:06 am
Trader’s Chart of the Day to remind you this ain’t panic or pain or fear yet. $DJIA $SPY
Cody
February 5, 2014 – 9:06 am
Yes, I think there’s still more bubble in the $DJIA $NASDAQ $SPY stock markets to come, but that don’t mean I’m a blind bull, eh? Took some profits at highs, now being patient.
Jeffhok1970
February 5, 2014 – 9:08 am
@Cody: patience seems to be key.
Cody
February 5, 2014 – 9:09 am
@Jeffhok1970: Yup, for now.
Jeffhok1970
February 5, 2014 – 9:10 am
@Cody: I was going through the board last night. I totally missed your Dig about CMG food the other day. Hate to miss a dig. So my friend, Yeah, you New Mexican’s sure are proud of your food especially anything with chile
I agree on some level. I have had my fair share of green chile cheese burgers at the Owl Cafe and they are great. I have also eaten too many smothered burritos at the Frontier Restaurant in Albuquerque to count (plus I don’t remember half of them). I might even argue that Caliches in Las Cruces has the best custard. But I also appreciate the CMG Chicken Burrito Bowl with black beans, fajita veggies, sour cream, pico de gallo and the green tomatillo sauce. Plus, I can get one just about anywhere and they taste the same. If only the Owl Cafe delivered to Denver
calmdaw1
February 5, 2014 – 9:11 am
DDD – highly volatile stock that had been on a huge run, yet you could pick up the weekly 70 puts for under 30 cents. Awesome
Cody
February 5, 2014 – 9:11 am
@Jeffhok1970: Wow, you know ur NM food. Love it.
Cody
February 5, 2014 – 9:13 am
@calmdaw1: Somebody with those $DDD puts is very happy today. I wish I’d hedged more or sold more, obviously, but it is what it is. The report is full of hype and just okay numbers…the markets, especially in this sell off environment, needed more. I’m not going to buy back any DDD, not even a tranche yet.
Cody
February 5, 2014 – 9:14 am
This is why the stock sells off today, despite the hype in the press release. Accordingly, the company expects its non-GAAP earnings per share to be in the range of $0.83 to $0.87, below its previously expected guidance of $0.93 to $1.03 and its GAAP earnings per share to be in the range of $0.43 to $0.45.
Cody
February 5, 2014 – 9:14 am
I have complained about DDD’s management before, and today I’m truly ticked off at them.
Nels
February 5, 2014 – 9:19 am
XONE tranche opportunity number 2, on the DDD sympathy sell?
Cody
February 5, 2014 – 9:19 am
@Nels: Perhaps, but I’m going to see what they give us today before deciding anything.
Nels
February 5, 2014 – 9:23 am
Cody, you seem to be online quite a bit lately (much appreciated)….and I’m wondering if the little girl is keeping you up at night?! LOL
Cody
February 5, 2014 – 9:23 am
@Nels: Yes, less sleep, but my wife is really the one zombie-d out for lack of sleep.
calmdaw1
February 5, 2014 – 9:27 am
@Cody – congrats on the little girl. Kids are amazing. I would be much more excited about my DDD puts if I wasn’t dealing with a sick child right now
Nels
February 5, 2014 – 9:28 am
That’s a bummer. I have never gotten sick more times in my entire life, than I have in the last 6 years of having kids.
Cody
February 5, 2014 – 9:29 am
@calmdaw1: Ugh, my girl spent the first 8 days of her life in the NICU with an infection. Hang in there, prayers.
calmdaw1
February 5, 2014 – 9:29 am
@Nels – I know what you mean. Kids bring home so many germs. Honestly though, every time one of them is sick I wish I could take it instead of them
Jeffhok1970
February 5, 2014 – 9:29 am
@Cody: you doing anything with your remaining MSFT Calls? not much of a bump after Nadella announcement.
calmdaw1
February 5, 2014 – 9:30 am
@Cody – my oldest spent 10 years being treated for Cystic Fibrosis, being pumped full of meds, only to find out at the age of 13 that he was misdiagnosed. He is completely healthy, thank God.
Cody
February 5, 2014 – 9:31 am
@Jeffhok1970: I have just a few left, I think. Not doing anything with ’em. Made our money on our $MSFT calls and mostly moved on.
Cody
February 5, 2014 – 9:32 am
@calmdaw1: Oh, my! That’s brutal, but so happy to hear he is healthy now!
PJones
February 5, 2014 – 9:41 am
@Cody: What do you think about Arcam, 3D Systems and Stratasys as possible 3D printing opportunities?
chrismossey
February 5, 2014 – 9:45 am
what the heck happened to ddd?
Cody
February 5, 2014 – 9:46 am
@PJones: I’ve got a basket of 3-D stocks
Cody
February 5, 2014 – 9:46 am
http://tradingwithcody.com/?s=printing+basket
calmdaw1
February 5, 2014 – 9:47 am
out of DDD
eryba1
February 5, 2014 – 9:49 am
@calmdaw1: same here stop loss triggered
eryba1
February 5, 2014 – 9:49 am
on XONE that is
chrismossey
February 5, 2014 – 9:49 am
WTF on ddd. 10k wush.
calmdaw1
February 5, 2014 – 9:50 am
@eryba – I had a few weekly puts
eryba1
February 5, 2014 – 9:51 am
looking at adding znga on this pullback from yest was at 4.8 or so 10% rise then gave it almost all bk now down 3% will be patient
chrismossey
February 5, 2014 – 9:51 am
@Cody: my mental stop of 40 on xone has come and gone. Sell the basket and wait for things to settle out on the 3d printing arena.
PJones
February 5, 2014 – 9:52 am
Sorry…I didn’t mean to ask you about DDD only Statasys and Arcam.
Cody
February 5, 2014 – 9:52 am
@PJones: SSYS is part of the basket
Cody
February 5, 2014 – 9:53 am
@chrismossey: I’m sick to my stomach of the basket’s action today. I still have some pretty big gains in it overall and am considering my next move.
chrismossey
February 5, 2014 – 9:54 am
I almost puked, not really but very surprised. If we have more weakness this stuff is going to get punished. Goog and apple are on sales. I am going to hang out in those until the dust settles.
Cody
February 5, 2014 – 9:56 am
@PJones: I don’t mean to be short with you on my answers, but I seem to be literally ticked off at the 3d stocks today. Bad topic!
calmdaw1
February 5, 2014 – 9:56 am
OHRP – up nice again this morning
eryba1
February 5, 2014 – 9:56 am
@chrismossey: I am thinbking the same added to apple as well and looking into size to add znga back into my portfoli
Cody
February 5, 2014 – 9:57 am
@PJones Seriously, tho, like I said above, I need to consider my next move on the 3D basket, and I’ll be sending out a note with my updated analysis on the sector and what I’m going to do next as soon as I decide what my next move is and I write it up today.
chrismossey
February 5, 2014 – 9:59 am
@eryba1: I struggle with Znga because I don’t believe in it and think they will never make serious money because they don’t control their destiny. What opportunity do you see in them. Am I missing something because all I see is their utter dependence on FB and if teens are leaving then there are as many games being played.
eryba1
February 5, 2014 – 10:00 am
I am thinking it may be bought up for its app business in the game sector
eryba1
February 5, 2014 – 10:00 am
market popping higher almost in the green from down 65? news?
eryba1
February 5, 2014 – 10:02 am
ISM # better than expected = no recession plus ADP # not TERRIBLE = decline overdone? fri jobs # needed but have we swung too far down?
chrismossey
February 5, 2014 – 10:02 am
Why? It is easier to build new fresh games than take on someones legacy network with an api feed into FB. Hell – you and I could walk down to lower Manhattan and have that coded in a month. Now – the games are unique and have ip but if they can’t generate new ones fast enough then they are irrelevant.
eryba1
February 5, 2014 – 10:02 am
THIS could / should be the spark for an oversold rally
eryba1
February 5, 2014 – 10:03 am
we are so oversold all fearing recession investors are and now + 23 in the green for the down nas MASSIVELY OVERSOLD most in nearly 18 months, lets see if we can bounce and 10 yr yield popping higher
chrismossey
February 5, 2014 – 10:03 am
Cheers if you are right I am pissed about the 3d’s right now. Sorry for the negative tone. No abnormally large positions but just a collective stinger.
eryba1
February 5, 2014 – 10:03 am
@chrismossey: vent away!!
Jeffhok1970
February 5, 2014 – 10:03 am
I think Mattrick is going to transform ZNGA into a sustainable, leading player in the mobile game arena. And not just a FB app
Cody
February 5, 2014 – 10:03 am
@chrismossey: @O*&^@#(*&!
chrismossey
February 5, 2014 – 10:05 am
Ok, enough of that, lets get constructive. I am seeing apples in my eyes. Ambarella also down on me today. Another situation to deal with.
eryba1
February 5, 2014 – 10:05 am
@chrismossey: amba looks broken heavy vol already and breaking 5o day avg to downside- b careful
eryba1
February 5, 2014 – 10:06 am
@chrismossey: as for apple, yes added to this one this morning.
Jeffhok1970
February 5, 2014 – 10:10 am
I for one think the DDD reaction is a bit overblown. Profit #s were low but the revenue #s are basically inline. And honestly the revenue numbers are the ones that matter right now. I don’t get why management pre-announced and assume people are as upset about the surprise.
Cody
February 5, 2014 – 10:11 am
@Jeffhok1970: Good analysis and input, thank u.
carl
February 5, 2014 – 10:15 am
@cody @O*&^@#(*&! 3D
carl
February 5, 2014 – 10:17 am
@cody Pressed return a bit too soon. I was about to say that it was a perfect title for your upcoming analysis of 3D. It really is a poster-child for the following maxim: when you have a profit, take it.
calmdaw1
February 5, 2014 – 10:20 am
I would call the upcoming analysis “losses look bigger in 3D”……
SamsaricSufferer
February 5, 2014 – 10:21 am
@calmdaw1: Funny. I need to take my 3D glasses off then. Hmm, nibble or wait for it to settle?
Jeffhok1970
February 5, 2014 – 10:28 am
DDD is still calling for 40% Y/Y revenue growth. That ain’t bad. However, I have no idea what it will take for them to fill in this monumental gap down.
eryba1
February 5, 2014 – 10:35 am
was this the WASHOUT? let see how the day unfolds as we get further oversold naz the worst hit
eryba1
February 5, 2014 – 10:35 am
fear gauge NOT broken now reads 12
lfnunnally
February 5, 2014 – 10:38 am
I made a few purchases this morning: ZNGA/TQNT/FB/AAPL/AMZN/CIEN/XONE
eryba1
February 5, 2014 – 10:44 am
the fear and panic is now PALPABLE!!! IMO dumping upon dumping as this multi week slide in stcosk continues
rzepeda
February 5, 2014 – 10:47 am
Anyone have thoughts on TQNT.. reports earning at the close.
JSmith
February 5, 2014 – 10:48 am
@eryba1: do you think this is going to be a temp drop and good buying opp, or the start of something bigger?
chrismossey
February 5, 2014 – 10:49 am
@JSmith: I would not get in front of this. Our buying of dips has not worked yet. All trenches that have been added are down. Keep the powder dry.
eryba1
February 5, 2014 – 10:51 am
@JSmith: All I know is this is extreme selling the NAZ came INTO today the most oversold in over a year + and now another 1.3% decline on top of that, its like a coiled spring. This seems like a good entry point on some names but this is panic selling day after day, yes its a correction 6-8% on the averages but individual names down 10-40% if U look at 3d stocks. I am adding some in apple, znga today. It is safer to stand aside and wait for some upside to develop and or a base to be formed. Jobs # is key but adp was not bad and ISM was good this is emotions at work and they can drive MUCH MUCH further than anything thinks
chrismossey
February 5, 2014 – 10:52 am
The only stocks that are going to get rewarded in this environment are ones that post fb, chipolte type numbers real top line and bottom line growth. Everything else is gutted. The reason is PE’s are contracting and they only we to overcome that is that an expanded PE is truly warranted.
eryba1
February 5, 2014 – 10:52 am
I se ethe 10 yr is up nealry 1% OIL unch, baltic dry index up today after 6-8 weeks of declines cut down 60%
chrismossey
February 5, 2014 – 10:53 am
I think my thoughts compliment what @eryba1: is saying very well.
chrismossey
February 5, 2014 – 10:53 am
@eryba1: cien is getting more interesting. Problem is they don’t report for a while.
chrismossey
February 5, 2014 – 10:54 am
FB and apple holding like champs.
eryba1
February 5, 2014 – 10:55 am
@chrismossey: correct at this point the only think needed is some news or other to SPARK a bounce at these extremes. If anyone was in cash and had a shopping list look at what U may have sold higher what U wanted as 1st tranche buying of that is your style look at what your shopping list consists of and where U wanted to get back in.
chrismossey
February 5, 2014 – 10:58 am
I think you need to stick to big names here. Goog, apple, lnkd, amazon. Small Caps are getting reamed
eryba1
February 5, 2014 – 10:58 am
@chrismossey: 2d stocks coming off lows, finding some buyers after their semi crash today
eryba1
February 5, 2014 – 11:00 am
@chrismossey: yes the leaders should hold up at some point / find footing first. lets see if we can get off the MATT anytime today, buyers gunshy ahead of friday jobs # it seems even after adp and ism.
eryba1
February 5, 2014 – 11:02 am
There were 64 new lows as of a few minutes ago on the NYSE. That is about half of what we had on Monday’s decline. Thus that’s a positive divergence with an oversold reading.
chrismossey
February 5, 2014 – 11:04 am
@eryba1: out of all 3d. Not watching the future carnage.
eryba1
February 5, 2014 – 11:08 am
@chrismossey: carnage- this market is carnage down 80 fear index at 12 these are extremes IMO. Oil up, baltic dry index up, 10 yr yield UP at some point something has to matter its as if a strong recession is being priced in 2 weeks time so far very powerful and all one sided
eryba1
February 5, 2014 – 11:11 am
@chrismossey: this is why we sell rips and buy dips if thats ones style, always have cash on hand, the market always gives U an opportunity to get in. Here we are and NO one wants to buy the hardest trade as cody would say is to buy now, never feels RT to do so at extremes, and this is an extreme situation
eryba1
February 5, 2014 – 11:13 am
U dont get this oversold, fear index at 12 lowest we heard was 10 at tops. Lets see how this market develops as the day goes on.
eryba1
February 5, 2014 – 11:14 am
INTXC from 26.75 to 23.5 near 15% correction in the green now
eryba1
February 5, 2014 – 11:17 am
thats INTC
Jeffhok1970
February 5, 2014 – 11:23 am
I am buying a couple more March VIX $16 puts. I have never made much money buying vix calls but have had some success buying puts when the vix is high.
eryba1
February 5, 2014 – 11:23 am
10 yr yield slowly rising.
chrismossey
February 5, 2014 – 11:25 am
@eryba1: I am nibbling. Still think we stay week into the jobs number. Winter has the data really screwed up and people will go into the weekend light.
eryba1
February 5, 2014 – 11:26 am
@chrismossey: very well maybe. Just know we need some spark for people to say hey no recession or other as this so far has panic written all over it no bounce no nadda no nothing! it is a coiled spring when its released it should fly for a bit
chrismossey
February 5, 2014 – 11:27 am
@eryba1: amzn – not bad at 343.
eryba1
February 5, 2014 – 11:27 am
@chrismossey: I think so
eryba1
February 5, 2014 – 11:28 am
even if for a trade
eryba1
February 5, 2014 – 11:28 am
oDD down 80+ on the dow naz was down 1.4% the TRIN never spiked
eryba1
February 5, 2014 – 11:30 am
@chrismossey: 337.73 low of the day today
Jeffhok1970
February 5, 2014 – 11:30 am
@eryba1: what is the TRIN you speak of?
eryba1
February 5, 2014 – 11:31 am
@Jeffhok1970: fear index from a man names **** arms.
chrismossey
February 5, 2014 – 11:33 am
for the life of me I cannot find what TRIN means? Can someone point me in the right direction?
eryba1
February 5, 2014 – 11:33 am
@chrismossey: google knows it all- 1st and only stop 99% of the time, enjoy- https://www.google.com/search?q=trin+index&oq=trin+index&aqs=chrome..69i57j0l5.1770j0j4&sourceid=chrome&espv=210&es_sm=91&ie=UTF-8
Jeffhok1970
February 5, 2014 – 11:34 am
@eryba1: Can I find the TRIN on Yahoo Finance or TD or Schwab?
Jeffhok1970
February 5, 2014 – 11:34 am
thx
rzepeda
February 5, 2014 – 11:34 am
Any thoughts on TQNT, reports after close today
eryba1
February 5, 2014 – 11:35 am
@Jeffhok1970: http://finance.yahoo.com/news/Introduction-To-The-Arms-investopedia-2909249859.html
eryba1
February 5, 2014 – 11:37 am
@Jeffhok1970: I dont see it on yahoo finance
chrismossey
February 5, 2014 – 11:37 am
Ok, the TRIN is low right now which accompanies strong days in the market. How should this be interpreted?
eryba1
February 5, 2014 – 11:38 am
@chrismossey: yes HI trin readings above 1 = fear above 2 = extreme above 3 well then panic throwing baby with bath water which we saw Feb 2nd
chrismossey
February 5, 2014 – 11:38 am
The TRINQ which is more relevant to us really spiked today.
chrismossey
February 5, 2014 – 11:39 am
Hit 1.71 today.
eryba1
February 5, 2014 – 11:40 am
@chrismossey: todays hi was 1.19
eryba1
February 5, 2014 – 11:42 am
10 yr yields still rising should be a good barometer as BOD market is multiple times larger than the stock market and its acting better today.
eryba1
February 5, 2014 – 11:43 am
thats BOND market
PJones
February 5, 2014 – 12:02 pm
@Cody: Not a problem…bear with my questions; I’m very green in this area/investing.
eryba1
February 5, 2014 – 12:04 pm
lets watch the yield on the 10 yr a good barometer of late. gogo and apple up 1% each, LNKD and sndk in the green, IBM CSCO, select finacials, OIL
jakef1111
February 5, 2014 – 12:05 pm
Did anyone go 3d shopping today?
eryba1
February 5, 2014 – 12:05 pm
@jakef1111: cody is now in an email alert to us all xone and ssys
jakef1111
February 5, 2014 – 12:06 pm
Everything was on sale
eryba1
February 5, 2014 – 12:06 pm
@jakef1111: the market and everything still is BIG time IMO
Jeffhok1970
February 5, 2014 – 12:17 pm
I read cody’s alert. Is he calling for a Y2K collapse or a 2009 financial meltdown? That is pretty dire.
MikeM
February 5, 2014 – 12:21 pm
@jakef1111: I added xone earlier. Also added tqnt.
jakef1111
February 5, 2014 – 12:24 pm
@MikeM: i bought off of ssys warning… This is a good hammering today im gonna wait till the end of the day and see
eryba1
February 5, 2014 – 12:24 pm
@Jeffhok1970: y2k like decline? he had called for a 5-10% decline to commence at the end of jan to beg feb and thats what we are in now
jakef1111
February 5, 2014 – 12:26 pm
Aapl has firmed up a little i bought some for a quick trade and sold too early… Ohh well it would nice to see it rally to 525 and consolidate and move above it….. Seasonally this is supposed to be a good time…. Lets see what happens
jakef1111
February 5, 2014 – 12:46 pm
@eryba1: i think the s&p will have a hard time getting above 1800
eryba1
February 5, 2014 – 12:47 pm
@jakef1111: U may be right a bounce to that level +/- and then pullback again
eryba1
February 5, 2014 – 12:51 pm
@jakef1111: let the market tell us what is going on for now no buyers YET to get us from these oversold levels select stocks doing their own thing.
eryba1
February 5, 2014 – 1:05 pm
will the stock market take a cue from the larger bond market and its 1.6% rise in yields today to 2.66 from 3.2 on 1/1/14?? Its lock setp with our stock correction yet today its not as gloomy and bouncing
eryba1
February 5, 2014 – 1:16 pm
dow and S&P in the green QQQ there as well now the NAZ turn? 10 year yield fell 20% from 2014 start 3.2 to 2.6 now a bounce. Same in markets things not as bad, was this the woosh today? we will know more days later but for now a bounce can be expected of sorts lets see how far and how long it lasts.
Cody
February 5, 2014 – 1:58 pm
Meet me right now for our Weekly Live Q&A Chat at http://tradingwithcody.com/chat
tjpavelle
February 5, 2014 – 2:04 pm
Hi Cody: how does one buy Bitcoins?
calmdaw1
February 5, 2014 – 2:58 pm
VEND has been on a run lately
MOBYDOC
February 5, 2014 – 3:49 pm
@eryba1: @Cody: I would value your opinion on Israel based $CAMT as an alternative to or an addition to the 3-D basket. It reports next wk..
eryba1
February 5, 2014 – 3:56 pm
@MOBYDOC: to be fair at this point to buy ahead of earnings we have all seen is HIT or get murdered. That is up to you and what U know about the company. U can always buy a tranche here and add or wai for some support. Its fallen 20% so far.
doug.sekula
February 5, 2014 – 3:58 pm
Just bought some TQNT (small amount) for an earnings play.
lfnunnally
February 5, 2014 – 4:21 pm
Any comments on Twitter earnings and 10% drop?
MOBYDOC
February 5, 2014 – 4:33 pm
@eryba1: Thanks .
Cody
February 5, 2014 – 4:40 pm
Marcin on it: All Star: RobertMarcinPosted … 14m ago well, $hat trick does it again. good quarter, stinky outlook. now a big part of that is inventory drawdown at @aapl, and thats understandable. and the year guide seems ok. but these guys just seem to have rosanna rosannadanna issues, there’s always something. still holding stock, but annoyed and frustrated. i might get to starboard value place of “throw the bums out!” Like 0 Reply Follow
Cody
February 5, 2014 – 4:40 pm
I agree with him about the TQNT
Cody
February 5, 2014 – 4:41 pm
still holding but would love to see the company deliver/execute finally.
eryba1
February 5, 2014 – 4:47 pm
@Cody: twtr guidance weak, Fb was strong does this bode even better for FB? Rich media etc U spoke about yest we have discussed in length vs 140 character limitations galore
Cody
February 5, 2014 – 4:48 pm
@eryba1: Yes, I think so.
calmdaw1
February 5, 2014 – 4:51 pm
AKAM – nice move
eryba1
February 5, 2014 – 4:52 pm
@calmdaw1: twtr down 12-14 . AKAM up 14. Hit or miss very tough.
jakef1111
February 5, 2014 – 4:52 pm
@Cody: thank goodness for downside protection
jakef1111
February 5, 2014 – 4:54 pm
@eryba1: i wonder if or how many twtr downgrades there will be on valuation
Cody
February 5, 2014 – 4:55 pm
@jakef1111: Amen!
eryba1
February 5, 2014 – 4:55 pm
@jakef1111: U know I did not see in my usual site that many FB upgrades on its Qtr
Cody
February 5, 2014 – 4:56 pm
http://www.scutify.com/profiles/leader.aspx?q=codywillard&s=52f2b2ded36feb0ed4fe583f
eryba1
February 5, 2014 – 4:58 pm
yelp looks Ok for now up 4-5% A/H
eryba1
February 5, 2014 – 5:21 pm
yelp missed but guided higher- 4:12 pm Yelp misses by $0.01, beats on revs; guides Q1 revs above consensus; guides FY14 revs above consensus. Only companies rewarded are those who beat and guided higher.
eryba1
February 5, 2014 – 5:24 pm
Once again breadth was weak and we are closing lower. Oscillator and gauges all reading downtrend and LOTS of bearishness, but market will react to a spark from these levels if we are to see a POP, maybe tom of Europe rate decision, maybe only fri on Jobs data. Meanwhile lets watch 10 yr yield if it can continue to rise as shows growth vs decline and recession fears sparking this 1200 down 8% decline and 2-3 X that for some stocks. GN all C U tomorrow.
