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Good economic numbers just came out. Economy grew at 2% versus the expected 1.8%
http://www.cnbc.com/id/49566776
I thought you expected a bounce bud! haha, I may wait to hop back in once the s&p hits that trend line. Or pick up some SPY puts or something in the mean time. FAZ calls maybe?
Markets look ugly this morning. I'm on the sidelines for now. This is getting brutal. Cashed out on the pop from my holdings yesterday. Premarket down is down over 100 points :(
Hey buddy thanks!
I hope you feel better soon and can't wait to have you back. It's rough seas out there right now!
Thanks, it's tough to balance work, school, and a personal life but doing my best haha.
Rest up, get well, and get back to leading the troops!
Guess the market really didn't want to stay green today eh?
Up 70 points to start, just gave it all back.
Good eye. I'm sure the market would like to see that!
Just trying to shake off a little bit of the rust I built up over the last couple of months. Just call me the "Tin-Man" :)
Nice!
I'm almost back to even on the trading account. Was down significantly yesterday.
Like the sounds of that!
GM boys,
Still think the market will be going down in the short term? I think I may be looking to grab FAZ calls if it can't break the resistance on the weekly $SPX?
Hey buddy great to see you too! Ahhhh very very busy. I find out Friday if I got the job that I interviewed for. It will be a huge step up and I would be working for MetLife. I have a lot of connections in the company so looking forward to something positive!
Still working and going to school for my MBA. Just got back into the market, appears possibly at the wrong time? But somewhat ok news after hours today for my holdings so we will see how the market reacts.
How are you? How's the health buddy??
For bear options, You'll get more out of FAS puts then FAZ calls. SPY is less risky than FAS.
VXX is a good one too if the market is freaking out (like it has been the last copule of days).
I normally try to stay away from ETF's as the risk is pretty intense if you're wrong.
Haha I'll never touch those things with a 10ft pole! But we all have our own guilty pleasures :)
Have you ever thought about doing FAS puts instead of FAZ calls?
Haha that's great buddy! Family first :) I'm glad to hear that you are in great spirits!!!
Ah you know how it goes! Hopefully I'll get back on track here shortly.
Ah that's ok, you know the game haha.
Depending on how tomorrow goes, I may do the same. Have cash plus only holding a couple of things right now. Not liking all of these companies missing estimates. Really hurts the outlook for everyone!
What are you holding currently?
Hey LB. Ahhh just been extremely busy.
Looks like I have a lot of reading and catching up to do. I'm underwater quite a bit right off the get go.
How ya been buddy?
Haha no kidding. Looks like I came back at a great time. Bought some calls the last couple of days, market smacked me right back to reality lol.
You would think the world was about to end the way the news outlets are talking lol.
Market just dropped 50pts in last 5 minutes, I cannot find a reason why
GMCR down 50%. Boy do I wish I picked up those puts yesterday.
Yeah it definitely is a rush that's for sure lol
No problem. Good luck. I'm still scouring the charts to find something that I like. Almost pulled the trigger on flipping May 4th, $30 GMCR puts but it's just so volatile and too risky for me right now. I may pick up May 19th puts on the next bounce. GMCR is going into mid 20's imo.
Ah it happens unfortunately. I know I would have bought them had I realized tomorrow was earnings, it's my own fault. Was distracted with something else. Would have been a nice gain this morning though!
I'm thinking LNKD puts. Never had earnings before but all of the insider selling tells me that there has to be something else going on?
http://www.secform4.com/insider-trading/1271024.htm
Thanks, I hate hindsight but I was watching GMCR over the last week and waiting to buy puts. I completely forgot they reported yesterday. Sigh... won't have another one like that in a long time.
Hey DA what kind of move are you expecting out of FSLR?
LNKD Reports after the bell. It looks like a lot of insiders have been selling a lot lately... Thoughts?
http://www.secform4.com/insider-trading/1271024.htm
He's back! How are you feeling AD?
Just an FYI I closed my AAPL position this morning when it couldn't break $595. I've been extremely busy with work and then lifting at lunch time all day.
Absolutely! Good luck bud I'm rooting for ya! :)
It's amazing how strong of one he is. Unfortunately I don't have nearly the amount he has, which is why I play options and trying to increase my portfolio through riskier plays until I can play more solid plays like he does. Congrats on RBS!
Yeah definitely. I didn't think it would get down there and I bought $600 May 19 Apple Call yesterday when the stock was around $583-$584. Kicking myself as I could have gotten $595 if I just waited until the end of the day to buy for the same price.
But I think the bottom is in, the volume is pretty big so far this morning.
So far AAPL bounced right off the 50MA and slingshotted up. Volume in first 50 minutes is more than what it was at noon yesterday. Should be interesting to see how the rest of the day develops.
Still holding $600 May 19 call
I missed my opportunity, was about to pick up weekly $18 calls at .67 yesterday, had to look away for literally 3 minutes for something for work, when I looked back the stock had run up 40 cents.
Good luck it's making a big move this morning.
Thanks,
Gaps don't always have to fill and Apple doesn't always fill the gaps. Look at the end of January, $420 - $440 gapped up and ran never looked back to test.
Everytime I think I time the bottom on Apple it drops another level. Sigh...
Is it just me or is it funny how much this dropped 2 weeks before earnings? Looking at the history of EPS this company has reported it seems that analysts are lowballing this big time... take a look
Analysts are predicting an EPS of .34/sh
Consensus Recommendation Next Earnings (approx.) Company Fiscal Year
End Month Last Updated
Outperform 0.34 December 30 Apr 2012
History:
Q1 .58
Q4 .72
Q3 .76
Q2 .75
Q1 .7
Now I understand all of the negativity going on around this stock. They are predicing around a 9.33% move either way.
Do you have some thoughts on this one? It just seems like they are lowballing it so if it beats it will jump hard, I would think?
CHK to report earnings tomorrow - thoughts?
Pro-Life, I'm thinking about picking up some GLD puts. What are your thoughts on where the price action of gold is heading?
I decided to take a small loss on my position and wait to see what happens next week.