Trying to make enough money to get home!
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As will I, currently down $50k on this one...
Learn from past mistakes, don't invest in any entity that he's involved with...
Shiva's back in the game, just saw this post on Facebook:
Started Working at Natural Tek Inc
August — President
Omaha, Nebraska
Natural Computing using DNA
Dear Friends ... I am very glad to announce founding of new Venture in DNA - Natural Computing. This technology will change how we all interact with Data forever. Launching on my Daughter's Birthday.
Capital raise and Hiring top professional is ready to go.
Hi all, I'm back from PNG. Sadly while there I totally blew up my account trying to swing trade while on the wrong side of the world, sleeping while the markets were open and trading while the markets were closed... and to be totally honest I blew most of it on a GOOG trade that went my way, just two weeks too late... live and learn.
So, back in it starting with $2k... again LOL!
Anyone following this CHK soap opera? The July $25 calls are only .11/.14 and the Company just reconciled with Carl and another major shareholder, so far the market seems to like it. I'd be interested in the groups opinion.
I don't know if this is up to date or accurate but any way you look at it $228.72 Trillion is an impressive number...
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html
Futures bleeding bad, probably not liking the Greek and French election results. Shaping up to be a good day for puts...
I'm glad I listened to you on LNKD, went in some May 4 $120 calls on Wednesday that should pay off nicely tomorrow. What do you look for it to do tomorrow?
Agree on EXPE, I'm in some May 19 $35 puts I'm hoping will pay off nicely.
Have you changed your outlook on LNKD? Last I read I think you were looking for $150.
Just curious what got your attention on MDRX. I see it closed fractionally lower today, are you still holding calls?
The election is a variable that can't be ignored, the Fed does not want to be accused of influencing the outcome so they will do everything they can to maintain the status quo until after November...
I'm still new to this but just off the top of my head I would be looking to buy puts in the discretionary stocks, the things people don't need like travel (airlines, PCLN/EXPE), gambling, high end retailers, most of the dot.com 2.0 stocks you mentioned, etc. I suspect that if Europe totally falls off a cliff it'll take the rest of the world with it, cars sales will drop, housing will fall even further behind, unemployment will rise as companies cut back, it'd be like the end of 2008 all over again, puts in anything would make money... just the thought gives me a warm, fuzzy feeling.
Speaking from one bear to another I'm ready now, nothing would make me happier than a European meltdown and a dissapointing FB IPO triggering a 25%+ market correction...
What can I say, just a Bear at heart I guess. Off to bed for a couple of hours of rest until the market opens, we'll see what it looks like then.
FSLR: They've missed their numbers the last three quarters by an average of $0.30 or 21% each time. During this time the PPS has lost an average of $0.47 each trading day and nothing lately has been breaking their way. May 4th $15 puts @ around $0.15 - 0.20 seem like a no brainer so what am I missing here, it's never this easy...
Also, if I'm holding puts what happens to that open option position if the company declares bankruptcy?
You just think FSLR is DOA with no upside potential over the next few months?
I need to start following your posts a lot more seriously...
Next week could be interesting for AMZN. Stopped right at resistance on the weekly and at the top of a price range where historically sells have outpaced buys by more than a 2:1 ratio. Still holding AMZN May 04 '12 $205 Put w and looking for Europe to pull the rug out from under us sometime next week...
After I suspect, no sitting President wants to have to explain $200 oil going into an election...
All I have right now are three small put positions. My natural bias is to lean towards the down side which hurts me in a market like this one. I suspect that once this earnings season is finished we'll see a lot more put opportunities than calls and I can start making some money again.
AMZN May 04 '12 $205 Put w
BMS May 19 '12 $30.00 Put
WYNN May 04 '12 $120 Put w
OT: Is anyone else going to the StockCharts.com StockCharts University in Seattle on June 16th?
https://stockcharts.wufoo.com/forms/scu-seminar-seattle-2012-registration/
The first thing I think of when I see a move like the one AMZN made after hours is the pullback. I would think the Spain downgrade will put some pressure on the market as a whole so I was leaning toward $205 May 4th puts, do you think that's too ambitious on the time line side of the equation?
I knew it was a long shot when I did it, kind of like buying AAPL $600 weekly calls when it's trading at $560. Sure wish I'd seen that one coming...
I bought a few NFLX Apr 27 $97.50 weekly calls at the open yesterday just in case it pulls a rabbit out of the hat and moves back up towards $100. May end up expiring worthless but I knew it was a lotto play when I bought them so didn't put much in.
Even downgraded they hold outperform with CS with a target price of $115.
Looks like it paid off.
It would be fun to see, needs to get moving though if it's going to get there by Friday.
If you weren't already in it with the may calls how would you look to play it at the open? I'm not real good at playing these big gappers yet.
Can you imaging what would happen if that FB IPO disappoints?
Oops, scratch that last comment about NFLX, I just noticed the minus in front of the number, so at -0.12 they would beat estimates. Still, the loss can't be that good for them when they were +0.73 last quarter...