Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
My CFC puts now up 88% & 82.333% :))))))))))))))))))))))))))))
Hey hot,you should consider opening an account with IB. Commisions and executions are the best. L is correct one option contract gives you the right to buy or sell 100 shares so the multiple is always the price x 100. Here is a link to IB,point and click trading. Cheers
http://www.interactivebrokers.com/ibg/main.php
My CFC plays now up 51% and 60%,Happy Thanksgiving:))))))
Good My 12845 held and bounced today,I would be very careful here looking for confirmation myself. I am following this line of thinking and being patient.
After the Dow Industrials rallied 148 points early Tuesday, stocks reversed sharply, and are down mid-day, the Industrials a mere 85 points from generating a new Primary Trend Dow Theory Bear Market "Sell" Signal. The last time this occurred was September 1999, which was followed by a three year Fibonacci 38 percent correction. We are at a VERY perilous level here looking for direction my friend.
I say again if that 12845 is not breached 08 will see a mega bull market. Just my opinion,geo-politics withstanding,...
Good,If 12845 holds we will have a mega rally into next year,don't risk alot here until the charts give us a definitive direction. There is so much volativity that taking profits when presented to us is the prudent move. Cheers and my best wished for good fortune to all and a blessed Thanksgiving. I am very excited to have my two children home for the long weekend.
Ellott analysis from todayStocks plunged again early Monday, November 19th, in accordance with our top Elliott Wave labeling shown over the weekend on page 17. We now have confirmation that Minuette wave v down is underway, as the Dow Industrials have broken below November 9th's wave iii bottom, 13,017.30, hitting 13,015.83 a few minutes ago. This suggests there is serious risk that the 12,845.78 closing bottom from August 16th could be breached, setting off the first Dow Theory Primary Trend "sell" signal in 8 years, the last one occurring in September 1999. It was followed by a multi-year, Fibonacci 38 percent decline. Watch that key Dow number 12,845. It must be held or the trap door opens. I have several puts in place, AKS, COH, CFC and the YM's. Will be taking some AKS off the table tomorrow(already a double) as well as some of my YM shorts 400+ points to the good so far. COH and CFC are in the profit zone but I'm looking for a nice hit in those two. Cheers everyone and be careful.
My AKS Puts now official Double,Taking profits,Cheers:))))))))
AKS PUTS PLUS 68%, Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
CFC Look out below! :))))))))))))))))))))))))))))))))))))))
Wonder here is an alysis of COH and the upcoming Xmas season.
The National Retail Federation (NRF) predicts “consumers to take a conservative approach” this year at the malls. The survey conducted by the group estimates shoppers to spend approximately $900 this season. That’s a 3% increase over last year. However, with most cash-strapped consumers shopping for promotional rates and bargains, don’t expect the economy to be bolstered by this holiday season.
The NRF’s president says that consumers will spend less as they become aware of the softening economy. And a bad turnout in the checkout lines will only add to the rapid softening of this business sector.
Durable goods orders were down 1.7% in September, which indicates a slowing economy. The other indicators proving a slow-down in spending are increasing energy costs. We see higher prices at the pump with the national average now above $3 per gallon, and will soon feel the impact of higher heating costs. Natural gas futures climbed to $7.66 on the NYMEX, and the chance that this winter will be as warm as last year is pretty slim.
But those indicators just put pressure on an already growing problem. The credit crisis doesn’t just affect banks and Wall Street investors; consumers are also left with less liquidity and assets.
Back when refinanced mortgages were all the rage, lots of people took advantage and were able to buy more against the collateral in their house. This trend was only a temporary fix for giving those customers buying power. With that ability gone, and the foreclosure rate skyrocketing, don’t expect consumer cash to jolt the economy back to the way it needs to be.
Hidden amongst the luxury goods industry, one company shows its weakness,COH
Christmas Is Coming…
If you were at the L.A. Museum of Contemporary Art last week with the opening of Takashi Murakami’s exhibition, you wouldn’t notice the change in season or the impending problems in the retail sector.
Next to the artist’s exhibition was a splendid Louis Vuitton boutique with handbags going for $650 and above. He is the designer behind the signature multicolored logo bag the fashion house now sells. The ubiquitous logo bag still remains a one-of-kind item if it was designed by Marc Jacobs (creative director at LV) and adorned with a one-of-a-kind image from this artist.
This activity is in line with what analysts already know: 60% of total U.S. spending is done by the top 20% income earners. But if you take a look at Forbes’ mixed basket following luxury items, you will see that the cost of luxury goods has increased over 6% -- that’s twice the rate of inflation.
Overall, consumers are no longer willing to buy luxury goods. The credit spending has dried up. No company is going to be feeling it worse than Coach, Inc. (COH:NYSE). It has reached market saturation of customers who can afford their goods, and are willing to pay more for quality.
Earnings plummeted from $1.49 a year ago to 69 cents this past quarter. It’s starting to get ugly.
The company has made its shoes and bags available in more locations, such as outlet stores and Ross Inc. (ROST:NASDAQ) discount chain, which makes the brand less appealing.
Most people don't care if it's a fake Coach or a real Coach. What the heck is so special about a Coach bag, if every little girl has one in her dress-up closet? Most customers would rather get on a waiting list for Louis Vuitton, Gucci or Dior, whose bags still have the allure of being exclusive.
Looking at the Claymore/Robb Report ETF (ROB:NYSE), an index composed of global luxury brands, we see which companies are the best of the best and which certainly are not, the theory being that the wealthiest people in the world will maintain their spending habits -- and it shows with Tiffany & Co. (TIF:NYSE) and Saks Inc. (SKS:NYSE).
This ETF has 5% of its holdings in Coach, but it’s not a performer. Coach currently suffers from a drop in revenue and continued cash shortages.
Another luxury brand doing well right now is Kenneth Cole Productions (KCP:NYSE), which is poised to rise in stock price again after some recent beat-downs. What’s the difference? Its shares sell for less than one time sales, but Coach trades for five times sales. Coach is clearly overvalued.
Latest news release states this about COH.
There are already signs of weakness in the luxury sector. Coach (COH), the maker of upscale leather handbags and purses, has been a Wall Street darling for several years. But earlier this month the company said fewer shoppers were visiting its stores in California and the Northeast. "Traffic slowed most notably toward the end of the period," CEO Lew Frankfort noted in a conference call with analysts to discuss the company's fiscal first quarter earnings. Investors beat down the stock, which was trading at around $35, $5 above its 52-week low. Another luxury retailer, Nordstrom (JWN), reported that its same-store sales dropped 2.4% in October, which was the first sales decline at the company since early 2003.
Cheers everyone and as always God Bless and good fortune to you and your families.
How many idiots here PAY $$ to simply post???????????????
Hi Guys, new option play for me past few days
COH Jan. 30 Puts, I've had 2 entries
1st Lot @ 1.30
2nd Lot @ .75
Equal purchases for avg. of 1.025 (Closing price @ .90 today).
AKS Puts a Double,YM's+600 pts:)New option play today guys,
COH JAN. 30 PUTS @ 1.30
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23556996
HEY,WHY CAN'T I POST MORE THAN 3/DAY HERE ON THIS CRAPPY SITE This was suppose to be a financial info website,ihub SUCKS
HOW MANY IDIOTS PAY IHUB TO POST?????????????????????????
OUTSTANDING!PLUS MY CFC PUTS EXPLODING:))YM'S+500 EASY
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24264258
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24369500
D,Most professional room I have found is here,
http://www.thestrategylab.com/
Takes some time and commitment to gain access however the members are Outstandingcalling their futures plays entry and exits. Similar to your suggestion you must participate and lurkers are not welcome. BTW can you provide a link to your room examples?
Here is another example of a professional trading room with consistent success.
http://www.millennium-traders.com/
Cheers and as always good fortune to you and family.
This thread went South long ago,No Midas?ihub going down the tubes with the way it is run. Daily posts are Way down.Thats what happens when you reward liberal point of views with no open honest discourse. The buisness model has been exposed and broken. "What do you want, Tears?"LOL!
D,what room are you active in. I find that concept to be superior to Anything offered at ihub. Truely a much more professional atmosphere.
PWI+38%(NLY+19%)appreciation PLUS Sweet Dividend:)))))))))))))))))
Bull,others,Greatest golf story video I ever saw
CFC Ready to collapse,Huge puts for me:)))))))))))))))
YM Swing now UP 450 Pts.+ easy:)))))))))
My guess is 11/30/07 0740
Langlui thanks for the veiled invite,I will post my next option play here. Cheers
My ZG's(Gold) now Up 100+Pts:),link
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22984697
The Dow Industrials plunged 360 points Wednesday, November 7th, for the second time in less than a week, and we may be in the throes of a stock market crash. Time will tell. The Plunge Protection Team bought markets hard Wednesday, and had this been pre-PPT 1987, we would very likely be down several thousand points over the past week.
But the Dollar is in collapse, closing at 75.56 Wednesday, and is very close to only being worth half of a Euro. Can you believe the devaluation that is going on here? The cost of living is going through the roof. This is morally and ethically wrong, and forces your children into debt they otherwise would not have as they must pay more for houses, college tuition, medical care, etc... Massive hyperinflation is being thrown at markets to keep them from collapse, but the very act of this hyperinflation is crushing the dollar and causing markets to crumble. Artificial Economics.[/B]
Wednesday's 360 point plunge was the sharp price move the McClellan Oscillator's very small move Friday was foreseeing and forewarning.
Oh yes, we got the eighth Hindenburg Omen signal observation today, the eighth since October 16th. The dates for those H.O. observations, for those of you keeping score at home, are October 16th, 17th, 18th, 25th, November 1st, 2nd, 6th, and 7th. The continuing observations means this market remains extremely unhealthy.
New Lows at 387 is still not what we expect at major bottoms, not enough to suggest that selling has exhausted itself. More selling is likely before a multi-month bottom arrives.
[B]There is a very good chance that prices will continue to decline into our next phi mate turn date, which is scheduled for November 15th +/- a few days, based upon the best mathematical fit. The intriguing question to be answered by this decline is whether or not the August 16th, 2007 closing lows in the Dow Industrials will be broken or not. Trannies closed below their August 16th closing low on Wednesday, November 7th!!!!! All that has to happen for a new Dow Theory Primary Trend Bear Market "Sell" signal to occur is for the Industrials to close below their 12,845.78 August 16th low.[/B]The last time we saw a Dow Theory Primary Bea! r Market signal was September 1999, and a three year Bear market followed, that took the Industrials down 38 percent from its high, and NASDAQ down 80 percent from its high.
CFC going to the bottom like a torpedoed SUB(prime)marine
Latest YM swing now up 250 pts. plus,link
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24264258
Eye,Risk here for the YM's,ready for another short swing.
Eye,new option play here if you are interested,
Buy theCFC Dec. 12.50 putsalot of action today see if it pulls back a bit at opening,now trading @ 2.25. I see a possible 10 for CFC by Dec. so an entry into the Dec 10 puts here at 1.25 not bad either. Cheers and good luck my friend!
HEY ENOUGH,Take it elsewhere!This isn't the political thread
Hi Eye,mostly E-minis however I also play options most recently in the housing sector,HD,HOV,CTX,LEN. I will link to you my next option play. Hope all is well my best to you and family. These days with all the volatility you have to be quick and these don't hurt either. Cheers!
Covered ER@ @ 813.30 + 2 ticks :))))))))))))))))))))
Long ER2 here @ 811.40
News here? Where's OBL
Cov'd last 1/2ym@648+30(NET +250 PTS)
5 contracts +20 pts.
5 contracts +30 pts
Covered 1/2 YM short scalp @ 658+ 20 pts.
short YM here @ 678(in for scalp)
He has to come up/500K fine somehow,right?
YM swing short now+750pts plus.Asia sliding big,ride the wave baby..