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CZR
THIS TRADING IS NUTS!!!
Caesar wow, someone screwed up here, every trade jumps it insane amounts. They have almost no float.
Couldn't agree more DA one of my absolute favorites :)
Watching LVS
This is a favorite of mine. This is the 5th time in the last 3 years it's been at this level. HUGE resistance here, but if it breaks 52.50ish this thing can run, run, run.
TVIX - Is it finding a bottom around the $14.00 mark? Or will this bull market continue?
Good luck bud. How are you holding up right now? Do you see AAPL turning south anytime soon? What's your strategy and plan? AAPL seems so strong but technically speaking it's overbought and went up too much too soon but could it continue?
Sold DIS Calls
Bought @ 1.46 sold @ 1.59
Nothing too crazy but profit is profit.
DIS running now premarket, I knew that the earnings were awesome. Slightly missed earnings up profits up 12%, that's huge. Shorts going to have to cover?
I just heard that Caesars Entertainment is going to start trading today. Is anyone looking to play this one? I wonder if it will react just like LVS (I love playing that one :) )
They ended up crushing EPS and missing revenues, however their profit was up 12%. I'm not sure about you, but I would rather be making more PROFIT over making more SALES. Some people need to learn the difference between the two...sigh...
Disney beat analysts estimates with flying colors yet it's down after hours, hmm..
THE WALT DISNEY COMPANY REPORTS FIRST QUARTER EARNINGS
BURBANK, Calif. – The Walt Disney Company today reported earnings for its first fiscal quarter ended December 31, 2011. Diluted earnings per share (EPS) for
the quarter increased 18% to $0.80 from $0.68 in the prior-year quarter.
The average estimate of analysts is for profit of 71 cents per share, a rise of 4.4% from the company’s actual earnings for the same quarter a year ago.
A copy of the earnings report can be seen here:
http://a.media.global.go.com/investorrelations/Q1_FY12_DIS_EARNINGS.pdf
Picked up DIS $41.00 Calls Right before the bell.
Earnings after hours. Crossing fingers, here. I was in Disney a couple of weeks ago and it was absolutely ridiculously packed. It was an off week where kids should have been in school. One thing that struck me was that there were a lot of foreign families there. Lots of people were going to Disney for vacation, here's to hoping the revenues and eps were there as well!
Good luck! I just find it tough to bet against AAPL right now. It's never been this high before so who knows how much further it will go before it reverses. I decided I'd rather not holding my calls overnight just in case this is the last day of it's epic run.
You must have read my mind! Saw the exact same thing here. I feel $470 will be a resitsance even if it's just a mental one in investors. I agree, a retrace and consolidation is needed before the next leg up.
Sold AAPL Calls I bought earlier:
02/07/12 09:47:17 Bought AAPL Feb 18 2012 470.0 Call @ 3.55
02/07/12 09:48:01 Bought AAPL Feb 18 2012 470.0 Call @ 3.55
02/07/12 14:07:17 Sold AAPL Feb 18 2012 470.0 Call @ 5.1
That looks like a check that can only be written from your bank account Kyle ;)
Could it have been a short? It's dropped into the 13's now...
Pocket Change ;)
Do you think that was really a buy though or something just catching up on the day?
LB, thank you - you make me proud. Pennies is gambling, period. Options and stocks is gambling but Pennies is gambling blind. People can control the stock if they have the capital. Too much craziness going on there.
You're killing it man, keep it up
Yeahhhh buddy! Nice one LB!!!!
Is PURE one of your plays x? I recently started posting on the board again and haven't seen this one much before.
Haha good ol' Ben ;)
In case people are following. I sold my GMCR puts and picked up AAPL Calls. I know that it's trading at all-time highs but there seems to be still a lot of strength behind the move before a retrace. We will see.
Picked up AAPL Feb 18 $470 Calls @ 3.55
FAZ down
TVIX Down
Market is Green and pushing
IMO one of the worst things that could happen would be to allow Greece to exit the Euro. If they do that, it opens the gate for many countries to follow suit. With the "Oh Greece was let out, so we can get out if or when it gets too bad." It's almost like our country and everyone expects our government to bail them out...?
Greek PM ordered docs to prepare for a default:
Greece’s Prime Minister Lucas Papademos requested the country’s Finance Ministry to prepare a document on the implications of a Greek default, Panos Beglitis, spokesman for the socialist Pasok Party said. The Prime Minister yesterday told the leaders of the three political parties supporting his interim government that he asked the Ministry “to record accurately and realistically all the consequences of the country’s exit from the euro zone,” Beglitis said today in an interview with Radio 9, according to a transcript of his comments e-mailed from the Athens-based offices of Pasok..
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=2f560bb0-382a-4189-925b-0c300b3554ba
TVIX very interesting, we will see how the day plays out. I held my GMCR puts overnight, hoping it topped by hitting the $70 range resistance and time for a retrace.
I guess it just amazes me how far this thing has fallen. I may be mistaken but the way the market has run, with 11 year highs, has it already basically priced in that Greece will NOT default? I mean, I know Greece isn't a huge country but it could start a chain reaction.
I know what you're saying. There just seems to be a lot hammering it. Analysts are all over the place, I saw one analyst touting how the marketing will continue to be bullish and keep running and really to not take any profits out of the market. That the US will weather it all... I'm just not so sure.
TVIX - short term, or long term holding? S&P going to be downgraded? That's what happened last August to drop the market and sky rocket TVIX...
Thanks AD. You're a good man.
Yeah that's pretty strange. I'm still on the sidelines as I'm watching like a hawk. Man it's getting tempting to start taking a position though.
I know you had a projection earlier of $12.00 being the bottom. Do you still believe that or with the jobs report and other news that has come out, have you adjusted that bottom price?
Orrrr greece delays or there is no deal and the market drops. I just don't know which way it's gonna go but right now I've got some puts and waiting to jump on TVIX. Just my opinion :)
That's pretty strange. I don't have a lot of experience in watching the Vix and how it reacts with the TVIX. What do you think it means? Any type of bad news in the economy I would think would speed this puppy up pretty quickly if the vix is up over 4%.
Couldn't agree more. I've been watching for a little bit on the $vix and just waiting to jump in. It will go back up, and you're right about the catalyst. Look at last August when the S&P was downgraded. From $15ish to over $100 in less than 2 months. This thing can move, just remember it's so hard to time the bottom and if you wait too long like you said it could be alot higher over night if you miss the boat.
That's absolutely awesome LB!!!! Wow that's extremely incredible! I'm very very impressed
Nice Post L-Back!! How'd you end up on the week?
I feel like the son that went off to college and returned home :)
Thanks, still working it today. What do you read into the jobs data? Watching CNBC there was mixed analysis of what it really means.
Also I'm interested to see your take on Facebook. What's that do for the tech sector? Any ideas what you think they will be valued at? What do you think that's going to do for stocks like AAPL who is trading at all-time highs and GOOG?
How much is your karma jar up to now? LOL In all seriousness, it's amazing how good of a heart you have. You are such a genuinely good guy. It's great that there are people like you in this world, it gives hope to the rest of us that there still is some good in this world.
Unemployment rate hits 8.3 pct. after hiring burst
..
WASHINGTON (AP) -- The unemployment rate fell for the fifth straight month after a surge of January hiring, a promising shift in the nation's outlook for job growth.
The Labor Department says employers added 243,000 jobs in January, the most in nine months. The unemployment rate dropped to 8.3 percent from 8.5 percent in December. That's the lowest in nearly three years.
Employers have added an average of 201,000 jobs per month in the past three months. That's 50,000 more jobs per month than the economy averaged in each month last year.
The January jobs report was filled with other encouraging data and revisions. Hiring was widespread across many high-paying industries. Pay increased. And the economy added 200,000 more jobs in 2011 than first thought.
http://finance.yahoo.com/news/unemployment-rate-hits-8-3-133203262.html
Market up decent after this news
Nice job bud. Options are very risky, it's good to get your feet wet first! I'm happy that you turned out two positive trades. Congrats!
I've been watching this one for about a week now. Had a position but ended up selling it. There was an analyst on CNBC on Tuesday touting that we should short the stock. I've been looking but have been unable to find any kind of statistical data or financials on this company. Have you had any luck in finding that?
The way I was looking at it is that if facebook is valued at $75-$100 billion, then the other social media sites will get a boost. It brings up the value for RENN up much higher than it is, possibly even back to the IPO price (around $19/sh)? I just don't know too much about the stock to feel comfortable. However the float seems small as the stock can move very quickly and needs a strong stomach to play. But as you can see it has the ability to run very fast in either direction. Definitely a fun one to watch and maybe even take a position in
Haha, do they really have an app?
I'm very happy to hear that bud! Maybe it's time that I learn a thing or two from you What types of plays to you enjoy doing now?
Haha definitely doing my best! Are you still being superman? What charitable events have you done lately bud?
Hey bud!
I'm doing pretty good, I really can't complain. Currently looking to change careers (stay in the marketing and advertising or sales) but with a different company. Halfway done to earning my MBA at UCONN, and just got back into trading. Here are my most recent trades:
02/01/2012 15:02:05 Bought 9 WHR Mar 17 2012 62.5 Put @ 2.67
02/01/2012 15:51:36 Sold 9 WHR Mar 17 2012 62.5 Put @ 3.5
02/02/2012 09:33:59 Bought 23 LVS Mar 17 2012 52.5 Call @ 1.33
02/02/2012 09:50:25 Sold 23 LVS Mar 17 2012 52.5 Call @ 2.03