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2017 Trading Thread 2017 Trading Thread

04-27-2017 , 03:05 PM
Quote:
Originally Posted by cicakman
I'm long HABT and FOLD. Anyone familiar?
From September last year. FOLD had its gains. HABT was 14 and is 19.20 today.
04-27-2017 , 03:46 PM
Is ANF finally bottomed out here?
04-27-2017 , 04:32 PM
Quote:
Originally Posted by juan valdez
google earnings today

anyone think the market has underestimated the impact of the advertising pull out on youtube?
the correct answer would be no
04-27-2017 , 05:34 PM
So who wants to guess what HCG and co. will do tomorrow? Pretty big run up at 3pm.
04-27-2017 , 05:38 PM
Quote:
Originally Posted by ethbtc88
I can see lack of dickheads is not one of the draws of this forum.
Brian is one of Sklansky's BFI bots.

AFAIK, it really is only programmed to say a few things ATM, such as..

Yes
How do you buy VIX?
04-27-2017 , 07:11 PM
You can buy options on it. https://sixfigureinvesting.com/2010/...g-vix-options/
04-28-2017 , 12:54 AM
Do not buy VIX options, learn how and when to sell them...
04-28-2017 , 11:24 AM
Nts just dipped 10% on news of issuance of 20% of outstanding shares at a 20% discount. That seems like a pretty steep discount, but part of the rationale is to redeem high interest convertible bonds. If this mostly just cleans up the balance sheet it might cause a bounce back, although the $1.15 price might be a drag for the next month.
04-28-2017 , 11:51 AM
Quote:
Originally Posted by ibavly
Nts just dipped 10% on news of issuance of 20% of outstanding shares at a 20% discount. That seems like a pretty steep discount, but part of the rationale is to redeem high interest convertible bonds. If this mostly just cleans up the balance sheet it might cause a bounce back, although the $1.15 price might be a drag for the next month.
I really like how the market has responded today frankly. Those following close know that this means iChina still hasn't payed them yet. When faced with that, they could have gone asking for 3-5m and annoy the crap out of investors, or just take 12m and make their balance sheet rock solid for 3 years or more given the new much lower burn.

I like the timing of it well ahead of earnings, and I think there's some method to that too. The story with these guys is just one of extreme regulation and brutally long sales cycles. But those who get it in good are going to do great I maintain. The one sort of black swan would be them coming out on the call and saying China full on backed out or something of that nature. But with how much both parties have done to get to the point they're at now, I'd be pretty surprised to hear that. I'll actually write the rep now to find out what they may be willing to say.
04-28-2017 , 01:58 PM
they couldn't do this deal now and then reveal they lost their biggest contract a month from now. so i guess there's just no progress on the china deal.
04-28-2017 , 03:22 PM
Quote:
Originally Posted by schundler
formula72 is teasing me about my proclivities for yelling at misinformed trolls who say they "bought VIX."
04-28-2017 , 06:48 PM
Quote:
Originally Posted by BooLoo
they couldn't do this deal now and then reveal they lost their biggest contract a month from now. so i guess there's just no progress on the china deal.
They certainly gave no reason to expect it to happen this Q, so it looks like they decided to go long term strength here for sure.
04-29-2017 , 02:21 AM
How are you guys locating stocks mid day to trade?

Let's take RCL today as an example. The chart seems to me that upside and buying pressure is exhausted at $110 a share. I'd short this at $109. But I didn't find out about this until $107.60 because of stocktwits.

I know i'm missing some "professional" tools at the moment because I work a day job, but risk/reward interday opportunities like this seem to present themselves quite often. And either i'm missing the opportunities, or i'm deluding myself into think shorting RCL at $109 today has a greater than 50% EV.

Still piled into the tail end of this short, but I know I can be catching these earlier with the right tools.
04-29-2017 , 02:36 AM
At the risk of sounding stupid, I figured i'd just mention one of my favorite setups, the gap up plus mid day rise close sale.

It's Friday and we've had wine and guests so cut me a little slack. Let's look at MDXG. This is one of my favorite setups, and I sincerely want criticism on why this is either -EV or me picking up pennies in front of a train etc.

You see a gap up in the morning. Stock rises excessively mid day. There's 15-30 mins left before close. What do you do?

I have consistently found these excellent opportunities to short as longs take their profit. Again, I should have a scanner for this. clearly. These are tiny moves. But me shorting at 12.82 here 15-25 minutes before close seems like a really good opportunity to me. I'd love to hear opinions either way, but shorting these gap up plus up run up money makers into close has been a printing press the last 6 months.
04-29-2017 , 07:27 AM
In relation to NTS, I heard there was a big lead order that pushed them to take more money and clean up their balance sheet. will be just under 10% holder. Apparently this account can make good introductions for them.

Stock action today was mostly me selling my stock at 1.23 1.24 and buying it back in the deal. Save my clients 7%. I didnt sell in last hour
04-29-2017 , 07:33 AM
Quote:
Originally Posted by rafiki
No part of you wants to wait it out a bit? Since a bit like knife catching, even for a value guy?
other than a potential ugly market to market, I think this is much higher in a year.

Anyways, there are 3 scenarios, assign probability weightings and make your own call.
04-29-2017 , 01:41 PM
Quote:
Originally Posted by Smokey_The_Bear
or i'm deluding myself into think shorting RCL at $109 today has a greater than 50% EV.
Almost everything you can do short term in the market is -EV.
04-29-2017 , 02:39 PM
>You see a gap up in the morning. Stock rises excessively mid day. There's 15-30 mins left before close. What do you do?

@smokey, so you think you've identified a profitable setup, great. from what you've provided, no one here can tell you whether or not it works. it's too vague. if you expressed the strategy algorithmically, what would be the entry and exit criteria? there are a handful of parameters you'd need to specify and questions you'd need to flesh out, such as what % threshold qualifies as a gap up, what % gain from open qualifies as an excessive intraday rise, when is the entry decision time (is it a specific clock time e.g. 15:30:00, or constrained by clock time + event time? e.g. any time between 15:30:00 and 15:45:00 where XYZ occurs/becomes true), does it make a difference if the HOD occurred early in the day, does it make a different if the price 30m before the close isn't near the HOD, are exits always on close, do you use a stoploss, is the setup valid for all symbols or only a subset, etc.

once you come up with all the details and express them algorithmically, code it up and simulate it. try to account for spreads and market impact. if you are taking on both entry and exit, the trade should be easier to model. this gives you the best chance of assessing whether you've found a real alpha.

hope this helps.
04-29-2017 , 02:57 PM
Quote:
Originally Posted by jb514
Almost everything you can do short term in the market is -EV.
Rarely a truer statement has been made. Fees, spread, and unavoidably slower reaction times for retail traders guarantee this is the case.
04-29-2017 , 03:49 PM
What is short term?
04-29-2017 , 04:04 PM
Quote:
Originally Posted by ToothSayer
Rarely a truer statement has been made. Fees, spread, and unavoidably slower reaction times for retail traders guarantee this is the case.
Don't tap on the glass
04-29-2017 , 06:55 PM
Quote:
Originally Posted by Steiger
What is short term?
The lowest timeframe that Tooth and jb can't make money on.
04-29-2017 , 11:13 PM
Quote:
Originally Posted by Onlydo2days
What do you mean more regulation?
my understanding is pre dodd-frank that banks could speculate more. without banks, when **** hits the fan the volatility is gonna be super HFT driven. it's gonna be super HFT driven regardless of banks, but i feel like if banks could speculate then there's gonna be more bank paper acting as cushion in certain spots.

we've seen a lot of one-offs that HFT has helped boost, but we haven't had a real panic yet. i'm just curious what an HFT-driven panic looks like.
04-30-2017 , 04:04 AM
Quote:
Originally Posted by :::grimReaper:::
The lowest timeframe that Tooth and jb can't make money on.
Thought so
04-30-2017 , 11:12 AM
Quote:
Originally Posted by jb514
Almost everything you can do short term in the market is -EV.
Except the long term is a continuous sequence of short terms.

Made a day trade on TZA Friday, once it started to fill the gap. Didn't wait around for the full gap fill, because it was due for some sort of rebound and I had to head to work.

After all the gap ups last week, next week should be interesting. XLF & IWM with gravestone doji flavored weekly candles. I expect some weakness short term, but then QQQ & SPX could just drag them higher too, so no guarantees. I would not be surprised to see a significant cap (whether up or down) on Monday.

      
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