2017 Trading Thread - Page 29 - Business, Finances and Investing Forum

I'm very interested how the markets will react on the past/current events with the US & North-Korea on tuesday (and all the other geopolotical turmoil). It seems likely a (big) correction is right around the corner, no?

So far every time any of us has said this (going back to Greece now which is what, 4 years ago?), it was either a head fake intraday or a buy the dip scenario. Obviously at some point someone is going to be right. But the last half dozen times it's always been a chance to buy.

04-17-2017 , 12:54 PM

#702

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

STRP is fascinating, to be against this name likely ended a few careers given how much of the float was short. Bidding war between AT&T & Verizon seems insane to me but then again so do a lot of the recent M&A speculation. From a trading standpoint, we should expect this talk to continue especially given rates remain low and growth is difficult to find.

04-17-2017 , 12:59 PM

#703

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

Quote:

Originally Posted by rafiki

Lol we're a few percent off ATHs, from an index standpoint it's been a nothing burger so far. Talk to me when the VIX holds over 20 for more than five seconds.

04-17-2017 , 01:32 PM

#704

cicakman

banned

Join Date: Jul 2008 Posts: 9,229

Quote:

Originally Posted by ASAP17

Please

04-17-2017 , 05:44 PM

#705

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,026

Quote:

Originally Posted by ASAP17

Lol we're a few percent off ATHs, from an index standpoint it's been a nothing burger so far. Talk to me when the VIX holds over 20 for more than five seconds.

I think we're agreeing

04-17-2017 , 05:54 PM

#706

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

The implied move for NFLX was significantly lower than what it had been in the previous few years of ERs. Another name shorts keep hitting brick walls, that AH snapback is pretty disheartening especially if you didn't sell any options to hedge.

04-17-2017 , 07:42 PM

#707

Onlydo2days

Carpal \'Tunnel

Join Date: Jun 2012 Posts: 19,276

Quote:

Originally Posted by Clayton

eh, vix is 16 so we're still a long way from any pure fear accumulating

though i do think in this environment (more hft, more regulation) the panic is going to come in a way that we haven't seen before.

usually that fear comes in a one-off limit down futures event (august china deval, brexit, trump) but rarely sustains and then things re-correct. i wonder what happens when we see a sustained bear market. maybe a lot more limit days, or maybe the marketmakers just adjust to whatever the new normal is.

What do you mean more regulation?

04-19-2017 , 10:11 AM

#708

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

I think EMH.VN (emerald health) has over-corrected because of R/S news. Coupled with the fact that it looks to be at a higher low I think this may be about to pop. Target $2.

04-19-2017 , 03:36 PM

#709

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

Quote:

Originally Posted by ASAP17

Weren't there a few NFLX $150 or $75 first bets on here? Touched $149.90 in the AH after ER & now has violated the lows breached in the initial move down. Would be pretty hilarious if that becomes the short term top...

04-19-2017 , 04:38 PM

#710

Onlydo2days

Carpal \'Tunnel

Join Date: Jun 2012 Posts: 19,276

GS, IBM and JNJ all missing huge within 24 hours.

Sign of things to come? These companies don't seem very decoupled from the overall economy.

04-20-2017 , 01:53 PM

#711

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

I was thinking of grabbing some ASPS... cough.

04-20-2017 , 02:07 PM

#712

Pokabandito

centurion

Join Date: Oct 2007 Posts: 173

I'm short TSLA again at $303 on the recall news. Hoping to see this shed ~5% over the next week. Stop at $312.

04-20-2017 , 02:08 PM

#713

cicakman

banned

Join Date: Jul 2008 Posts: 9,229

Quote:

Originally Posted by DoctorZangief

I was thinking of grabbing some ASPS... cough.

Yea me too if you're talking about puts. Same with OCN.

04-20-2017 , 02:38 PM

#714

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

Yeah I had been kicking myself for not following you guys w/ ASPS days ago. Bought a bunch of stock when I posted around 27 and sold for 29

04-20-2017 , 07:00 PM

#715

Smokey_The_Bear

old hand

Join Date: Jan 2009 Posts: 1,739

So.

I had a long position in CLF this afternoon. I thought I closed it out at the bell, but I inadvertently doubled my position. I'm now long 6000 shares of CLF into tomorrow. I don't like the overnight hold whatsoever, this is not a good looking chart, close, or stock i'd want to hold like this overnight. pretty big gamble for me.

Gap up one time?

04-20-2017 , 10:02 PM

#716

JL514

because i can

Join Date: Nov 2006 Posts: 9,820

04-21-2017 , 07:37 AM

#717

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,026

Remember the shipping bonanza of 2016? Lol check DCIX now. Man you could have shorted these to 0

04-21-2017 , 07:58 AM

#718

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

Yeah I lost a third of my DRYS gains following DRYS down their 4 dilutions since then. Binking a few shares during its rise funded a lot of bad decisions this year. SALT and SB still seem ok if anyone's dying to stick with the industry for some reason. Also funny when I see ppl talk about it on msg boards and they're like wuz dis really wurth 200k!?

Last edited by DoctorZangief; 04-21-2017 at 08:05 AM.

04-21-2017 , 10:29 AM

#719

SpursDynasty

grinder

Join Date: Nov 2005 Posts: 610

Amaya keeps seeming to go up quietly.. No news, what's up with that?

04-24-2017 , 02:02 PM

#720

MyrnaFTW

Carpal \'Tunnel

Join Date: Nov 2011 Posts: 7,557

Am i wrong here , that the market is not going to go down on fiscal budget/debt ceiling scenario ? I know im a perma bear, but i was expecting a little fear this week, with that coming to the table soon and I figured an impasse was most likely, with current congress makeup.. well, with that being said, i did buy spy/nke puts today

04-24-2017 , 03:49 PM

#721

EZX

grinder

Join Date: May 2012 Posts: 526

Wouldn't advise anyone to buy spy puts in these upcoming 2 weeks. The France election upside is gonna keep it rolling at least until after Macron is elected imho. But hey good luck man.

04-24-2017 , 04:35 PM

#722

LonelyBox

You call this a blog?

Join Date: Jan 2016 Posts: 5,263

Let's say I want to buy some stock and I know he's going to split soon. Is there any advantage waiting for them to split or id be better just buy them now.

04-24-2017 , 04:57 PM

#723

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Quote:

Originally Posted by EZX

Wouldn't advise anyone to buy spy puts in these upcoming 2 weeks. The France election upside is gonna keep it rolling at least until after Macron is elected imho. But hey good luck man.

Yeah I'm not seeing an obvious trade short. But still. Government shutdown is coming up. If Trump can't even get his meagre wall funding through, it doesn't say much good about his bigger ambitions. I suspect Trump will fold fairly quickly on that demand, but I'm not sure that's a positive either.

US economic data has been disappointing the last week. Earnings season is underway. I'm not sure the French election matters that much.

Some traders think the post Trump surge is mostly global central bank money going into US stocks.That's the only angle I can see where Le Pen's impending defeat keeps things up by itself.

04-24-2017 , 05:00 PM

#724

juan valdez

Pooh-Bah

Join Date: Jan 2009 Posts: 5,686

Quote:

Originally Posted by MyrnaFTW

trumps tax talk gets everyone really excited. volatility got completely sucked out of the market today. if oil stops falling, its going to be a really rough time for bears imo

personally i would wait for trump to trump the market with tax talk before buying puts