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Bambi
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: scatmanrav]
#17347884 - 12/07/12 12:11 AM (11 years, 1 month ago) |
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I'm a bit hesitant if Apple will be able to break above its middle bband on friday, but if it does, I bet it will have some room to run up. On the bright side I dont imagine it breaking below $515.
Still can't believe LPHI held its own today. Be interesting to see tomorrow. Got my stop in place; ready for anything
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"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17349823 - 12/07/12 12:44 PM (11 years, 1 month ago) |
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I've been largely out of the market for some time now, and it's been a relief seeing as it's just been floundering around for weeks. But I do see some encouraging action in the financials and am picking up a handful of February $41 calls on JPM, which is popping out of a volatility squeeze to the upside, right at its 50 day moving average.
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scatmanrav
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17353091 - 12/07/12 11:13 PM (11 years, 1 month ago) |
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Yeah AAPL acting all appleish. I got stopped out for a very small gain, and I sold my GMCR puts for a nice gain as well.
I opened a position in GRPN this morning as it popped up, got a nice run up, wish I been a little faster before the first pop up but I still caught the last half of the run up. I'm still holding the calls, hopefully it continues after the weekend. Volume was great.
Also bought my first stock in a long time. I bought a small starter position in RKUS, its an IPO thats above its IPO open which means at this point every single person who has bought the stock is in the money. That means they are unlikely to sell their positions that are working for them. I feel it just had a big run and may pull back a bit, but I have every intention of adding. I'd have bought options on it, but they dont have options yet.
Also bought some PSEC stock. Been waiting to start in on this high yielder and I have done so this time. This will be a long term hold to collect dividends on and sell covered calls on. Cant collect dividends owning options, which is why I bought the stock. They just announced a 7% div increase for the ex date coming up soon. Also a small starter and will add on pullbacks, probably first one will be after the drop that usually occurs when a company pays dividends.
Other then that my positions arent doing much, little up, little down. Mostly down for the day but its been a great few weeks, so I cant complain.
Dont have as much time to manage my positions right now so I'm learning patience and sitting back waiting for the right opportunities and clear buy (or sell) signals. Easier said then done.
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scatmanrav
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: scatmanrav]
#17365937 - 12/10/12 07:18 AM (11 years, 1 month ago) |
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I hope you check this out Bambi..lphi earnings are listed for today.could be a run up to earnings, which can often disappoint and drop the stock.just be aware.
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Bambi
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: scatmanrav]
#17366022 - 12/10/12 07:49 AM (11 years, 1 month ago) |
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Are you sure about that? they just had earning on 11-25-12.... if im not mistaken
Well just got stopped out anyway.
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"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
Edited by Bambi (12/10/12 07:56 AM)
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scatmanrav
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Bambi]
#17371029 - 12/10/12 09:54 PM (11 years, 1 month ago) |
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According to http://biz.yahoo.com/research/earncal/20121211.html they were set for today, but earning whisper has them in Jan. I'm sure your correct. Either way, stopped out for a win is excellent. My positions worked ok today..keep an eye on RKUS for a pullback to buy in..this one may run. Got in early on cldx via dec calls when it was up about 10% hoping to get another day or two of up but this ones gone on a pullback. Would've been gone today but that would've been a day trade i don't want to have. This one could be a nice biotech to buy some stock on pullback though.
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Bambi
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: scatmanrav]
#17371406 - 12/10/12 11:10 PM (11 years, 1 month ago) |
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yeah, because of their lawsuit back in september, they were court mandated to withhold earnings and dividend payments. so maybe yahoo never updated. oh well. yeah, pretty decent gain, so ill take it. I will be looking to get back in if it bounces off of the 50 or 200 day ($2.50ish)
Well shit, RKUS sure has been looking nice the past few days. Hard to say what sort of pullback with that stock. I would guess to see the low 16's by the weeks end though and may be entering the position my self if that holds true.
Overall today my portfolio was yet again split for very little gain. Hoping to see some upwards activity on PGH so that i can feel good about where I sell after having such a catastrophic position. but if not, ive got a stop in place, In the end i will be out by years end.
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"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17385350 - 12/13/12 11:59 AM (11 years, 1 month ago) |
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Just wanted to share some of Dan Fitzpatrick's commentary with you all, which he sent out via his OptionMarketMentor service this morning:
Quote:
Someone asked me what my strategy is going into the end of the year and I said "I'm on defense." I remain on defense. I just don't want to lose what I've made. The negotiations on taxes vs spending are "ungamable" to me. I just don't know how I can make any real prudent and meaningful positions with this big unknown acting as a catalyst for equities.
One last thing about the Fed Stimulus and unemployment:
The Fed is going to spend $85 billion/month to buy long-term bonds. This is intended to reduce borrowing costs and stimulate economic growth. In my opinion, the flaw in the Fed's reasoning is that they will continue this money printing until unemployment falls to a more "normal" level. Bernanke believes that our unemployment is "cyclical", and that as the business cycle evolves, unemployment will fall. Perhaps. However, I believe that there is a "structural" component to unemployment that is not so tied to the business cycle. The world is changing. Cheap labor overseas makes for higher profit margins. Why pay $30/hour for domestic unskilled labor when you can pay $1/hour for unskilled labor overseas? So, simply put, the overseas job market is cyclical...while our unemployment rate is structural. Combine the competition of overseas cheap labor with the formal education of our younger generation. We have an excellent educational system. But college tuition costs are rising, and the marketability of degrees is falling. Students graduate with lots of debt. But an advanced degree in Art History, Anthropology, History, or Fine Arts gets you one thing: A piece of parchment that you can hang on your wall to hide the hole made by your fist when you realize that you cannot get a job that will pay the carry costs on your loans.
Combine that with the influx of unskilled labor across our borders. At some point, these illegal immigrants will gain citizenship, or some derivative thereof...and they will start filing for unemployment. Once that occurs, unemployment rates will rise...and the Fed will still be printing money.
In my view, the only way unemployment will fall is when the number of those who give up looking for jobs leave the job market. They take part time jobs...or just go on disability, or start working under the table for cash.
So how long will the Fed continue to manipulate the markets? Well, how old are you? I think it's safe to say that we'll have an interventionist Fed for the balance of your life.
That's about it on a relatively light news day.
Have a good one.
--Dan
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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qman
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17385668 - 12/13/12 01:09 PM (11 years, 1 month ago) |
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Quote:
geokills said: Just wanted to share some of Dan Fitzpatrick's commentary with you all, which he sent out via his OptionMarketMentor service this morning:
Quote:
Someone asked me what my strategy is going into the end of the year and I said "I'm on defense." I remain on defense. I just don't want to lose what I've made. The negotiations on taxes vs spending are "ungamable" to me. I just don't know how I can make any real prudent and meaningful positions with this big unknown acting as a catalyst for equities.
One last thing about the Fed Stimulus and unemployment:
The Fed is going to spend $85 billion/month to buy long-term bonds. This is intended to reduce borrowing costs and stimulate economic growth. In my opinion, the flaw in the Fed's reasoning is that they will continue this money printing until unemployment falls to a more "normal" level. Bernanke believes that our unemployment is "cyclical", and that as the business cycle evolves, unemployment will fall. Perhaps. However, I believe that there is a "structural" component to unemployment that is not so tied to the business cycle. The world is changing. Cheap labor overseas makes for higher profit margins. Why pay $30/hour for domestic unskilled labor when you can pay $1/hour for unskilled labor overseas? So, simply put, the overseas job market is cyclical...while our unemployment rate is structural. Combine the competition of overseas cheap labor with the formal education of our younger generation. We have an excellent educational system. But college tuition costs are rising, and the marketability of degrees is falling. Students graduate with lots of debt. But an advanced degree in Art History, Anthropology, History, or Fine Arts gets you one thing: A piece of parchment that you can hang on your wall to hide the hole made by your fist when you realize that you cannot get a job that will pay the carry costs on your loans.
Combine that with the influx of unskilled labor across our borders. At some point, these illegal immigrants will gain citizenship, or some derivative thereof...and they will start filing for unemployment. Once that occurs, unemployment rates will rise...and the Fed will still be printing money.
In my view, the only way unemployment will fall is when the number of those who give up looking for jobs leave the job market. They take part time jobs...or just go on disability, or start working under the table for cash.
So how long will the Fed continue to manipulate the markets? Well, how old are you? I think it's safe to say that we'll have an interventionist Fed for the balance of your life.
That's about it on a relatively light news day.
Have a good one.
--Dan
Excellent stuff and I agree 100%, the only part I have issue with is "we'll have an interventionist Fed for the balance of your life".
The Fed will intervene until total confidence is lost in the Fed and dollar, the Fed has done an amazing balancing act thus far, debasing currency has its limits and the Fed is pushing the limits to the max at this point.
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Terillius
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17392000 - 12/14/12 02:16 PM (11 years, 1 month ago) |
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Quote:
geokills said: Just wanted to share some of Dan Fitzpatrick's commentary with you all, which he sent out via his OptionMarketMentor service this morning:
Quote:
....
--Dan
That's pretty pessimistic. Didn't you hear that Apple plans to build 5 iPads in America during 2013? Jobs are coming back in a big way. It will probably take 14 full-time salaried benefited American workers to produce that many iPads compared to the single Chinese 12-year-old who does it now for $2.
This will effectively bring 14 * $50,000 + $2 = $700,002 of economic stimulus to the USA.
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qman
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Terillius]
#17392223 - 12/14/12 03:07 PM (11 years, 1 month ago) |
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Quote:
Terillius said:
Quote:
geokills said: Just wanted to share some of Dan Fitzpatrick's commentary with you all, which he sent out via his OptionMarketMentor service this morning:
Quote:
....
--Dan
That's pretty pessimistic. Didn't you hear that Apple plans to build 5 iPads in America during 2013? Jobs are coming back in a big way. It will probably take 14 full-time salaried benefited American workers to produce that many iPads compared to the single Chinese 12-year-old who does it now for $2.
This will effectively bring 14 * $50,000 + $2 = $700,002 of economic stimulus to the USA.
"Jobs are coming back in a big way" Jobs continue to get outsourced overseas, nothing is changing.
Apple's move of some jobs back to US is most likely meaningless.
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Bambi
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: qman]
#17427978 - 12/21/12 02:31 PM (11 years, 1 month ago) |
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Had a pretty good week I must say. Ended up changing my positions around a little recently as well.
I no longer have any involvement in PGH. yay. And I sold it near its recent high which just makes me feel all skilled and whatnot.
Closed my position in HIL today at close for a bit of a gain. No way can that stock make 11 positive days in the row, plus the RSI is 81ish, its extended above the top b band, and had a couple high volume sells today. There is no way that HIL isnt going to pull back next week. Might buy back when the 50 day MA is poised to cross the 200 day MA, but until then, it feels nice to have that large chunk of portfolio in cash.
I also began a small (8%) position in USLV. Hopefully this guy does a better job than it did today in hedging me against the upcoming fiscal cliff worries that are becoming more and more real.
Still long in AGNC, ARR, ATVI, BKCC, and VE
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"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
Edited by Bambi (12/21/12 02:35 PM)
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Bambi]
#17428276 - 12/21/12 03:33 PM (11 years, 1 month ago) |
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The last trade I put on was Dec 7th, those JPM Feb calls. Up 40% as of today's close (in two weeks time), raising stop but maintaining position. Don't see anything else worth doing during the light volume holiday and with the cliff fears as yet unresolved.
I am truly enjoying the time away from my screens!
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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qman
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17442223 - 12/24/12 02:30 PM (11 years, 1 month ago) |
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Gilgamesh18
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Registered: 03/01/12
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: qman]
#17442239 - 12/24/12 02:34 PM (11 years, 1 month ago) |
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Dumped one of my mutual funds and got a couple tubes of eagles .
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qman
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Gilgamesh18]
#17442328 - 12/24/12 02:54 PM (11 years, 1 month ago) |
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Quote:
Gilgamesh18 said: Dumped one of my mutual funds and got a couple tubes of eagles .
Smart man!!
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Gilgamesh18
Herbivore Man

Registered: 03/01/12
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: qman]
#17442335 - 12/24/12 02:56 PM (11 years, 1 month ago) |
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Quote:
qman said:
Quote:
Gilgamesh18 said: Dumped one of my mutual funds and got a couple tubes of eagles .
Smart man!!
Feels good to have even more silver!
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Ahab McBathsalts
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Gilgamesh18]
#17461442 - 12/28/12 02:40 PM (11 years, 1 month ago) |
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Fiscal cliff is definitely happening. I would imagine there is going to be a shit ton of selling on Monday. It wouldn't surprise me to see over 4 or 5% fall off the S&P.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Bambi
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#17485157 - 01/02/13 08:21 AM (11 years, 28 days ago) |
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Fiscal Cliff went through and brought a good swing in the market... 
But hell, im up ~4%
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"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
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Ahab McBathsalts
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Bambi]
#17487895 - 01/02/13 06:34 PM (11 years, 28 days ago) |
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Haha! I was definately wrong, but my Qualcomm options for April did fantastic today, as I'm sure everyone will have many winners!
A 300 day on the Dow is an amazing thing.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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