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Old 06-20-2017, 08:22 PM   #1351
Smokey_The_Bear
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Re: 2017 Trading Thread

Quote:
Originally Posted by ASAP17 View Post
Really interesting list of names on both the 52w high & low lists today, much broader than a lot of the noise makers (tech/FANG 24/7) would like to discuss. Lmk if you have an opinion on any of these for a trade and notice the themes among the names I picked out.

Highs: Abbvie (ABBV), Abbott Labs (ABT), Accenture (ACN), Aetna (AET), Allstate (ALL), Anthem (ANTM), Boeing (BA), Bank of NY Mellon (BK), Blackrock (BLK), Caterpillar (CAT), Chubb (CB), Deere (DE), Edison (ED), FedEx (FDX), Honeywell (HON), H&R Block (HRB), Ingersoll Rand (IR), Illinois Tool Works (ITW), Johnson & Johnson (JNJ), Masco (MAS), 3M (MMM), Altria (MO), Progressive (PGR), Travelers (TRV), Wayfair (W), Whole Foods (WFM), Wynn (WYNN)

Lows: Continental Resources (CLR), Dollar General (DG), Dollar Tree (DLTR), Devon Energy (DVN), Fitbit (FIT), Footlocker (FL), Fossil (FOSL), Gilead (GILD), Hess (HES), Hewlett Packard Enterprise (HPE), Kroger (KR), O'Reilly Auto (ORLY), Pandora (P), Rite Aid (RAD), Snapchat (SNAP), Molson Coors (TAP), Target (TGT), TJ Maxx (TJX)
AET>>ANTM if you're gonna go down that route, I can go into a lot of detail if you want. All 4 are at all time highs, (ANTM/AET/CI/HUM), i'd go CI/AET if you're looking for a hold. Been a fan of Altria for a while I like that pick too.

Gonna shameless brag in here on my wsop score since this is the only place I post anymore, took 7th in event 25 last week.
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Old 06-21-2017, 02:51 AM   #1352
daChimp
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Re: 2017 Trading Thread

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Originally Posted by Smokey_The_Bear View Post
AET>>ANTM if you're gonna go down that route, I can go into a lot of detail if you want. All 4 are at all time highs, (ANTM/AET/CI/HUM), i'd go CI/AET if you're looking for a hold. Been a fan of Altria for a while I like that pick too.

Gonna shameless brag in here on my wsop score since this is the only place I post anymore, took 7th in event 25 last week.
Nice one Danny
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Old 06-21-2017, 02:25 PM   #1353
p2 dog, p2
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Re: 2017 Trading Thread

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Originally Posted by formula72 View Post
.
learn to multiqoute bro. click the right button next to quote with the green + on ASAPS post, click it again on rafiki's post, then on Formulas post click "quote". easy peazy, bro.
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Old 06-22-2017, 02:38 AM   #1354
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Re: 2017 Trading Thread

If we assume oil is range bound (40 to 50), and market shrugs off positive news (falling stockpiles and OPEC discussing deeper cuts)... is it time to catch the falling knife before we wake up to a major gap up?

Seems like a bit of an over reaction and frustrated oil investors. And we could see a fairly decent gap up soon. There is a lot of movement in middle east (probably due to $$ and oil) such as Saudi prince and Qatar.

There are much sharper investors/traders than me in here. Do any of you guys see a reason not to go big here?
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Old 06-22-2017, 08:33 AM   #1355
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Re: 2017 Trading Thread

Seems like shale oil is limiting the upside of any positive news from OPEC
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Old 06-22-2017, 06:02 PM   #1356
ASAP17
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Re: 2017 Trading Thread

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Originally Posted by CharlieDontSurf View Post
btw - u mentioned SHOP as a prime takeout candidate way back when in a random post...thanks for that as it wasn't on my radar and entered shortly after looking into it more. exited in the 90s
No problem dude. I got completely out way too early but still made a decent chunk. Rafiki did well on it as well, getting a decent pullback to put serious money to work again (like in the $60s) may require a legit correction in the tech names which I don't see happening anytime soon. Still surprised it's an independent company given the growth of its customer base, their partnerships, and no debt.
Quote:
Originally Posted by Smokey_The_Bear View Post
AET>>ANTM if you're gonna go down that route, I can go into a lot of detail if you want. All 4 are at all time highs, (ANTM/AET/CI/HUM), i'd go CI/AET if you're looking for a hold. Been a fan of Altria for a while I like that pick too.

Gonna shameless brag in here on my wsop score since this is the only place I post anymore, took 7th in event 25 last week.
Congrats dude on that FT, quite an accomplishment.
Quote:
Originally Posted by daChimp View Post
If we assume oil is range bound (40 to 50), and market shrugs off positive news (falling stockpiles and OPEC discussing deeper cuts)... is it time to catch the falling knife before we wake up to a major gap up?

Seems like a bit of an over reaction and frustrated oil investors. And we could see a fairly decent gap up soon. There is a lot of movement in middle east (probably due to $$ and oil) such as Saudi prince and Qatar.

There are much sharper investors/traders than me in here. Do any of you guys see a reason not to go big here?
What do you want to trade? The commodity, the various oil related ETFs, individual names? Deflation/technology has affected this sector more than anyone talks about. Oil has never been easier to find & produce, there is way more in our natural (& actual barrel) reserves than was thought possible even a few years ago & we are quickly moving to renewable resources.

The thing about the commodity itself is that chart is insane over a multi year period. I don't want to own it or trade it especially with the Aramco IPO on the horizon, there are plenty of opportunities elsewhere.

As far as individual names, I definitely get involved when I see unusual activity in some of the big caps. Don't see a need to fight the trend lower until they can begin to carve out some kind of bottom.
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Old 06-22-2017, 06:23 PM   #1357
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Re: 2017 Trading Thread

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Seems like shale oil is limiting the upside of any positive news from OPEC
You don't have to look any further than a Natural Gas chart to see the future of crude oil. Both markets bubble spiked in 2007/2008. Since then NG has cratered and has gone from the greatest trading vehicle ever to an untradeable one. Fracking technology made it too easy to discover and extract, basically an unlimited supply. Same thing is happening in oil. Oil has taken longer since it is a much larger and global resource with lots of geopolitical issues but it is the same deal. Easy to find and extract with way more of it than anyone ever thought possible. Add in the fact that besides fracking technology that other technologies will continue to grow and replace the need for oil in the future.
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Old Yesterday, 08:57 AM   #1358
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Re: 2017 Trading Thread

Why is NG untradeable? I've traded it a few times intraday last month and found it volatile enough. Only problem for me were it's liquid trading hours which didnt quite suit me. I even know a guy who almost exclusively trades NG for a living (intraday).
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Old Yesterday, 09:50 AM   #1359
wopbabalubop
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Re: 2017 Trading Thread

ALXN - In @ 97, out @ 127 . More upside here but I'm not greedy .
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Old Yesterday, 11:05 AM   #1360
mrbaseball
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Re: 2017 Trading Thread

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Originally Posted by Steiger View Post
Why is NG untradeable? I've traded it a few times intraday last month and found it volatile enough. Only problem for me were it's liquid trading hours which didnt quite suit me. I even know a guy who almost exclusively trades NG for a living (intraday).
I guess it depends on preference as well as what it was to what it has become. I like volatile markets with strong and large inter day swings.

The market is almost always quiet and sideways and 40 or 50 cents is a huge move now. Back when (pre 2008) 40 to 50 cents used to be the 5 minute (or less!) range, 50 cents ($500 per contract) was often the blink of an eye. The typical ATR was 5.00+ and now it is in the 60 cent range which is absolutely nothing. And a reasonable portion of that range is pre open and post close when there is zero volume.

It used to be called "The Widow Maker" because the swings were so violent and so often. But for the last 7 or 8 years it just grinds sideways, just enough to screw you if you try to fade the range and not nearly enough to try and catch a move. The ranges are in fact so small that even channel fading isn't worth the effort since the channels are so tight.
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Old Yesterday, 01:03 PM   #1361
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Re: 2017 Trading Thread

Re-entered LAYN lookin good. Long FNJN and SGH recent ipo largest memory manufacturer in Brasil. Cheap growth.
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Old Yesterday, 01:10 PM   #1362
Jupiter0
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Re: 2017 Trading Thread

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Originally Posted by wopbabalubop View Post
ALXN - In @ 97, out @ 127 . More upside here but I'm not greedy .
Nice trade
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Old Yesterday, 01:26 PM   #1363
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Re: 2017 Trading Thread

Two nice trades.
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Old Yesterday, 01:52 PM   #1364
daChimp
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Re: 2017 Trading Thread

I jumped into TK and RAD yesterday. Increased SHOP yesterday.

Now holding GSAT, NOK, NVDA, SHOP, RAD, TK. Sold off most of my VRX position for a nice three day swing.
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Old Today, 07:54 AM   #1365
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Re: 2017 Trading Thread

Anyone follow the Home Capital Group saga? I missed it all, but what a story!
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