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Welcome to the board Dan and thanks! Looking forward to those scans :)
Thanks Mike and welcome to the board. Looking forward to potentially making some greens with everyone.
I decided to cover at $105.80 since it passed a few intraday resistances, but I still think it will gradually drop towards $102-$103 levels in the upcoming weeks. I'll probably short it again soon.
Please Read:
This board focuses on NYSE, NASDAQ, and AMEX stocks only.
You may find a few of my open positions in the Intro/iBox:
*Note: If there is a "yes" or "no" stated next to "Success," that means I have closed out my position (sold for profits or losses). A "yes" indicating I sold for profits, and "no" indicating I sold for losses.
Disclaimer: All materials and posts on this board are not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security. You are responsible for your own losses.
"Radioshack reports surprise loss..." - CNBC
There was no "surprise" in the earnings. We all knew where they were headed going into it, that was down.
Morning MG - It's not on your list but RSH is about to check out...the once big company is losing its ground. Best Buy stole what little customers they had left. I still go to them though for small electronic components, that's one thing they have left going for them lol.
*I have no position in the stock.
Chevron (CVX)
07/25/2012
Alerted: $106.82
Current low: $105.28
Position: Short
Target: $102-103
Success: N/A
Sell-short (pre-market): $106.82
I plan on covering around $102-103 as I expect the PPS to fall within that range in the upcoming weeks due to increase in supply and low demand.
European Bank Profits to Fall, Spain Worst Hit
Published: Wednesday, 25 Jul 2012
By: Reuters
Europe's banks are expected to post sharp profit falls in second quarter results as they count the cost of the debt crisis and try to anticipate the impact of the Libor interest-rate rigging scandal on the industry.
The European economy is heading towards recession, making companies nervous about issuing stocks and bonds. Trading has slowed and this has hurt investment banking, typically the most lucrative part of a bank's business.
Retail banking is also under pressure with many southern European lenders weighed down by bad debts that have surged as the economy soured.
Spanish banks are the worst hit and have sought a rescue from Europe to stay afloat. Analysts expect belt-tightening and more bad debt provisioning when the bulk of Europe's banks start to report results this week.
They will also be looking for hints on the impact of the Libor scandal on the industry and future revenues.
"After a pick-up in Q1, we expect Q2 to be weak, and we struggle to see a meaningful pick up in H2," Credit Suisse research analysts said in a note to clients. "We expect to see banks revisiting restructuring plans, with capacity slowly coming out of the industry."
Under Armour (UA)
07/24/2012
Alerted: $54
Current low: $51.70
Position: Short
Target: $48-51
Success: Yes
I have taken up a short position on UA at $54 and plan on covering around $48-$50; I see a pullback occurring soon.
*Update 11:45 a.m. PST: Under Armour is now at $51.70, that's nearly a 5% difference in 2 hours! Making money sure comes easy sometimes. A great day is ahead of us! - I'm still partially in it, but I got rid of most of my position; I couldn't resist the gains I had already at the $51.70-$51.90 levels.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77817476
www.theprotraders.com
Thanks, still holding half of my position for that 48-50 mark. It won't happen in a day or two, but I'm sure it will get there in about 2 weeks.
Thanks! The continuous uptrend says it all, I'll definitely look more into it :)
lol
I normally don't play bios, but wow! $2 to $13 in months. That must have been some drug...
Nice, congrats! Those low 70's will be here before you know it.
UA at $51.70 now! $50 here we come (in the next few days).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77817476
UA at $51.70 now! $50 here we come (in the next few days).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77817476
I'm sure you'll get it, if not now, eventually. Almost every analyst I've heard so far says it's a good bet to short it. Although some disagree "when" (before or after earnings). You'll see those low 70's soon enough.
Just (1) more month, September is on the horizon which means payday for bulls everywhere haha. I can't stop thinking about that...so many x2 and x3 gains looming ahead once summer leaves us.
lol Hopefully you'll find it again soon.
UA at $52.99 now, nice! Show me $50 please in the next few days.
UA at $52.99 now, nice! Show me $50 please in the next few days.
Umm, not sure but it sounded like he did. I hope both of you make money though (not sure how that would work but still hoping).
Crossing my fingers for you or maybe I shouldn't? I'm torn between hoping for the best for Poem and you...ah can't decide lol.
Well I hope both of you make money!
Taking a short position on UA currently at $54:
Sell-Short: $54
Buy-to-cover: $48-50
Short term (less than a month)
*Eventually get a long position on the pullback afterwards.
Taking a short position on UA currently at $54:
Sell-Short: $54
Buy-to-cover: $48-50
Short term (less than a month)
*Eventually get a long position on the pullback afterwards.
For the bullish flag, it's there but there's also a descending triangle along with a rounded top as well. So you have to look at other indicators for supporting it...I see more pointing towards the downtrend in the short term but a temporary rally is there (probably from the earnings).
It's a tough one, right now I would rather stay on the sidelines then take a long or short position. If I'm going to take a position in the short term, I would go short but only at around 85.
But I could be wrong lol...wouldn't be the first time.
Yup, exactly. If the PPS pushes towards the top range of 85, I see it dropping from there. I got out looking to short a higher price if it comes to it.
With competition from coinstar and others, and no new subscribers (those 50% increase in streaming hours is not from new customers, but from existing) it should go down in the short term.
I'm still short on NFLX, with 80-85 still good but I'm looking to get in around 83-85 if possible (originally got it at 80 with covering at 70-75)
Taking a loss on NFLX...I'll probably jump back in at a later date (short). We'll see
Taking a loss on NFLX...I'll probably jump back in at a later date (short). We'll see
Kicking myself for missing one of your plays...SIX usually marches up every June for about a month and it completely slipped my mind. I need to put that on the top of my watch list again.
Theme parks = summer fun = up in pps if my math is correct.
You and me both lol. Fortunately my position in AAPL and DECK is higher than NFLX but a 2% hike has killed all my profits today. Breaking even at this point...not a very productive day.
Congrats!
DECK down today -1.12%...definitely not in this one...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77776704
DECK down today -1.12% currently...definitely not in this one...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77776704
Thanks MG
Well APPL is showing me some affection today (up $6 from the high with $2.50 currently).
But NFLX is still playing hard to get. Hopefully within a month it will hit the $75 mark...hopefully.
I think the earnings from NFLX might give it a slight boost in the PPS but hopefully it won't turn out that way. I'm still short on it.
The ProTraders
Well APPL is showing me some affection today (up $6 from the high with $2.50 currently).
But NFLX is still playing hard to get. Hopefully within a month it will hit the $75 mark...hopefully.
I think the earnings from NFLX might give it a slight boost in the PPS but hopefully it won't turn out that way. I'm still short on it.
The ProTraders
Personally, I wouldn't be on the "long" side of NFLX at this very moment. There was a period of consolidation at the top as trading bounces within that $80-85 range, but it looks like the general direction it will be heading is south.
I definitely wouldn't ignore that death cross either lol. Even that's supporting on what may come in the short term.
Unless they crush earnings tomorrows with great numbers, the next few days/weeks isn't looking so bright unfortunately.
Yup! Lots of great calls and insights on this board, so looking forward to growing our portfolios together.
Thanks MG - you have a great board here, so I'll be stopping by frequently.
Nice move today, congrats!
People selling DECK ahead of earnings...I wouldn't touch that with a 10 foot pole to be honest. Most analyst are saying there's a high probability it will disappoint.