2017 Trading Thread - Page 57 - Business, Finances and Investing Forum

interesting timing for this news to come out lol

http://www.cnbc.com/2017/06/27/nvidi...cy-mining.html

i would keep your eye on the cryptos imo

i'd wish you luck but i'm short

Also noticed the fed hinting at stocks being priced high. seems like they could be positioning these comments to coincide with their belief we could see a pull back. maybe i'm reading too much in to it though

I can understand a short termed short position, but I also see NVDA positioning their company in most areas where technology is leading. Autonomous vehicles, VR, GPUs, gaming graphics, AI, etc.

Funny this dumped today as I relooked at last earnings again and thought we topped out until next ER. I do believe with positive momentum and continued strong numbers this will be in 200s within 1yr.

06-27-2017 , 03:46 PM

#1402

Jupiter0

veteran

Join Date: Sep 2009 Posts: 2,470

Quote:

Originally Posted by EZX

wow that was an amazing drop for ibb

Did you short it? I went short QQQ w a little bit of SQQQ this morning to hedge my over abundance of longs.

06-27-2017 , 04:16 PM

#1403

EZX

grinder

Join Date: May 2012 Posts: 526

I did mostly as a hedge against my position in GILD as i wasn't really sure that the healthcare bill was going to pass but mostly leaning on it that it will. Worked out beautifully. After today's drop NVDA seems interesting could be a good entry soon. Will wait and see after july 4. Don't really see the market rallying too much if it at all tommorow.

06-28-2017 , 08:35 AM

#1404

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,112

lol in Canada, we freeroll YOU

http://business.financialpost.com/pe...c-8730b06ccd5c

06-28-2017 , 09:15 AM

#1405

ibavly

2010 PSOP Champion

Join Date: Feb 2010 Posts: 24,513

Cra is generally going to waive TFSA fees if you can show you acted in good faith. They know it's a new vehicle and people will use it incorrectly

06-28-2017 , 10:46 AM

#1406

daChimp

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 7,350

Quote:

Originally Posted by EZX

2-3% swings with NVDA is common. Gotta have the stomach for it. Im still convinced this will be $200 within 1 yr.

06-28-2017 , 10:54 AM

#1407

EZX

grinder

Join Date: May 2012 Posts: 526

Boy i was wrong that's a nice market rally. Yeah i love NVDA just can't find myself to pull the trigger on it. Could be a good options play with it today since MU is anouncing earnings tomorrow which should bring NVDA up a ton aswell.

06-28-2017 , 12:12 PM

#1408

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

Quote:

Originally Posted by ToothSayer

Well done. 5 bagger and counting.

lol

Lol, how about today champ?

06-28-2017 , 12:13 PM

#1409

daChimp

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 7,350

Thinking of adding 18 Aug 4.50 Calls on RAD priced at .67

If the Walgreen/Freds deal.goes through, Rite Aid buyout price is ~$6. Decision expected by 7 July.

If it fails to get final approval the risk is RAD dropping back to $2.5 to 3.

Appears there is more upside reward than downside risk.

Please advise as Im an options newb.

06-28-2017 , 12:35 PM

#1410

EZX

grinder

Join Date: May 2012 Posts: 526

If it fails to get final approval RAD will go to 1,5 take that into account, it's just a gamble and i think options are fairly priced don't really see any value, its more like playing roulette.

Unless ofcourse you know something that others don't.

06-28-2017 , 12:50 PM

#1411

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Quote:

Originally Posted by ASAP17

Lol, how about today champ?

lol, it's called closing your position, champ.

I notice you disappeared yesterday.

Point being that your claim that short SPY is "one of the worst possible trades" is just comical. It's a +EV trade with the market running on fumes and VIX so incredibly low.

The worst possible trade right now is long the market. Upside potential is tiny and downside potential is high given that upside potential is tiny and you won't make much more money before it runs into a correction. It's too far removed from any justifiable level. And central banks are noticing - we had two fed members yesterday hint that the market is a problem.

06-28-2017 , 12:59 PM

#1412

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

Quote:

Originally Posted by ToothSayer

Unlike you, I actually work and trade. I don't live on 2+2 going from subgroup to subgroup trying to prove how smart I am lol.

06-28-2017 , 01:00 PM

#1413

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Quote:

Originally Posted by ASAP17

Unlike you, I actually work and trade. I don't live on 2+2 going from subgroup to subgroup trying to prove how smart I am lol.

Unlike you, I'm a talented enough trader that I don't need to work.

06-28-2017 , 01:03 PM

#1414

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

Quote:

Originally Posted by ToothSayer

Unlike you, I'm a talented enough trader that I don't need to work.

Once again, trying to prove how smart/amazing he is in a poker forum. Lol yeah your life is so awesome.

06-28-2017 , 01:05 PM

#1415

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

I'm not trying to "prove" anything. I enjoy discussing intellectual ideas. It's called intellectual curiosity.

I never claimed my life is awesome, apart from living on permanent holiday (apart from trading) in the most beautiful places on Earth. I'm not sure I've ever claimed to be smart either. Most of what I point out is obvious stuff that somehow other people don't get. Which is where you want to be as a trader. If you have to think too much about a trade, you shouldn't be in it.

06-28-2017 , 01:23 PM

#1416

daChimp

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 7,350

Quote:

Originally Posted by EZX

When you say roulette, you mean red or black right?

06-28-2017 , 01:39 PM

#1417

formula72

Pooh-Bah

Join Date: Mar 2007 Posts: 4,318

To me, it feels as if the wind has been taken out of the sails for TSLA and with the market run-up I felt confident in this trade. Short @370.10.

06-28-2017 , 01:58 PM

#1418

EZX

grinder

Join Date: May 2012 Posts: 526

Quote:

Originally Posted by daChimp

When you say roulette, you mean red or black right?

Yeah but you can always sell your option before they announce for a small profit/loss.

06-28-2017 , 02:37 PM

#1419

Jupiter0

veteran

Join Date: Sep 2009 Posts: 2,470

Good setup LEN here. Other homebuilder KBH breaking out today. XHB looks solid. Risk is just below support low 52s

06-28-2017 , 03:34 PM

#1420

guller

adept

Join Date: Dec 2004 Posts: 833

Got into Rad yesterday at 3.70 for the sweat. Honestly though I'm the mush on these sort of trades so I fully expect to loose it all. Happy it popped a little today!

Sent from my SM-G920V using Tapatalk

06-28-2017 , 07:17 PM

#1421

Smokey_The_Bear

old hand

Join Date: Jan 2009 Posts: 1,739

Can't believe I missed the two hours of straight green candles yesterday in CBI right after open. Wasn't on my radar. Easiest "ride the wave" trade ever and I wasn't even around to watch/trade it.

06-28-2017 , 07:37 PM

#1422

Smokey_The_Bear

old hand

Join Date: Jan 2009 Posts: 1,739

Quote:

Originally Posted by daChimp

Honestly, I think we're looking at a decent short/put opportunity here, given how much gain there's been on just speculation. CFTN cited anti-trust lawyer's saying the deal is likely, but we also have the FTC's director of the bureau of competition recommending the agency sue to block the merger.

The market would seem to think i'm wrong, but looks like a decent if not risky bearish play to me with this huge surge on speculation.

06-28-2017 , 07:51 PM

#1423

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Why on earth would you short something where your expected loss is>50% and your best possible gain is <50% and it looks like a toss up on which way it will go?

06-28-2017 , 08:00 PM

#1424

Smokey_The_Bear

old hand

Join Date: Jan 2009 Posts: 1,739

Quote:

Originally Posted by ToothSayer

Why on earth would you short something where your expected loss is>50% and your best possible gain is <50% and it looks like a toss up on which way it will go?

I'm not doing anything. Sitting on the sidelines. Just voicing my opinion that RAD was $3 2 days ago and now it's $4, based on pure speculation.

That doesn't strike you as opportunistic? Or are their other factors other than the CTFN comment driving this that I don't know about? Not really following the deal. Just chiming in.

06-28-2017 , 08:39 PM

#1425

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

I don't know anything either beyond what's been reported. It just seems to me that with a resolution in a bit over a week, you're making a bet on the end game. And if you have no idea how that will play out or what the odds are, it's hard to see an edge going short. Particularly since you need the odds of the deal falling through substantially in your favor for it to simply break even.

If you think they are, great, I have no opinion there. But given the situation, it's hard to see a short just because it's run up a fair bit.

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