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Old 02-28-2012, 02:14 PM   #301
gna
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Re: February Trading Thread

so cbis up 50%... time to short?
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Old 02-28-2012, 04:02 PM   #302
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Re: February Trading Thread

i've been selling and hoping to buy back on the dips...the dips just aren't coming low enough.
all freeroll now.
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Old 02-28-2012, 07:25 PM   #303
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Re: February Trading Thread

If I wanted to bet that the QQQ will trade $55 (down $9.xx/shr) by October of this year what would be the best put to purchase?

Opinions please.
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Old 02-28-2012, 08:28 PM   #304
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Re: February Trading Thread

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If I wanted to bet that the QQQ will trade $55 (down $9.xx/shr) by October of this year what would be the best put to purchase?

Opinions please.
You could play the 2x or 3x short QQQ.

QID or SQQQ depending on how much risk you want.
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Old 02-28-2012, 09:28 PM   #305
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You could play the 2x or 3x short QQQ.

QID or SQQQ depending on how much risk you want.
Fees to high in those. Shouldn't hold for more than a.few days.
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Old 02-28-2012, 10:40 PM   #306
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Re: February Trading Thread

if i had a ton of margin room id sell jan 2013 apple 600 calls for 33$. the breakeven on that is a marketcap of 590 billion
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Old 02-29-2012, 12:12 AM   #307
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Re: February Trading Thread

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if i had a ton of margin room id sell jan 2013 apple 600 calls for 33$. the breakeven on that is a marketcap of 590 billion
the breakeven on that is also a p/e of like 13, or 11ish net of cash. i'd much rather sell puts.

EDIT: based on current analyst estimates obv. if they beat earnings...

Last edited by stinkypete; 02-29-2012 at 12:23 AM.
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Old 02-29-2012, 02:13 AM   #308
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Re: February Trading Thread

Get onboard with RFMK if you know whats good. Thats all I can say.
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Old 02-29-2012, 02:27 AM   #309
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Re: February Trading Thread

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if i had a ton of margin room id sell jan 2013 apple 600 calls for 33$. the breakeven on that is a marketcap of 590 billion
explain why you're so bearish.
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Old 02-29-2012, 03:58 AM   #310
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Re: February Trading Thread

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explain why you're so bearish.
Thinking a stock won't be up almost 20% in less than a year is bearish?

To be clear, I have no opinion on AAPL. But that is an absurd statement.
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Old 02-29-2012, 08:24 AM   #311
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Re: February Trading Thread

companies dont stay above 500 bil marketcap for long. never happened that a company got above that amount and stayed there for over a year. I dont think a consumer products company with no monopoly will be the first to do it. http://en.wikipedia.org/wiki/List_of...capitalization

ps. im sure inflation adjusted a few companies have broken 500 bil market capo and stayed there for a year, and im sure most of them were in the 1870's-1890s before the sherman antitrust act was passed/enforced
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Old 02-29-2012, 10:56 AM   #312
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Re: February Trading Thread

Soda is probably heading lower here even at 40.49. I'd dive into that report deeper, but I don't want a second short position in this market. Thinking about covering JCP for a small gain right now.

Last edited by savant111; 02-29-2012 at 11:11 AM.
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Old 02-29-2012, 11:11 AM   #313
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Re: February Trading Thread

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Short JCP at 41.45

Bear Case:
-Price has been slowly decending on increasing volume last few sessions
-Revenue Decreased in 2011 while cost of sales increased.
-45 PE is unjustified at this point
-The stock has simply run up to fast too quick. The future looks better but it's going to take a while. Management has pretty much said this as well. There are a lot of people who have 20% profits in this. If the market pulls back I think is a good canidate for a sell off
-Current price is already above 1 yr target estimates

Bull case:
Ron ****ing Swanson, um I mean Johnson

Planning to keep a tighter stop than usual on this one. Shorting this market = danger. I can always put it back on later.
Covered 40.19. Again possibly getting out too early, but market broke resistance and I don't have good feel for whats coming next. Locking in a small 2% and change gain is fine w me. Also, JCP needs to be monitored and I'm going to AC tomorrow for WSOP circuit and prob won't be able to do the work necessary.
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Old 02-29-2012, 11:55 AM   #314
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Re: February Trading Thread

Is this market for real? Bernanke takes the mic and it becomes the wild friggin west all over again.

I lost like $2k while shaving and showering. thanks bubble ben
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Old 02-29-2012, 11:56 AM   #315
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Re: February Trading Thread

big dump on pm's glad i got out at open
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Old 02-29-2012, 11:58 AM   #316
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Re: February Trading Thread

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big dump on pm's glad i got out at open
Curious have you ever posted a single trade/idea/thought ahead of the event.

I also shorted gold 3 milliseconds prior to the dump, thank god I am the richest man in the world now.

You sound ridiculious coming in here time and time again claiming to have sniped something after the fact.

Better you say nothing.
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Old 02-29-2012, 12:51 PM   #317
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Re: February Trading Thread

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Originally Posted by highpsiguy View Post
Is this market for real? Bernanke takes the mic and it becomes the wild friggin west all over again.

I lost like $2k while shaving and showering. thanks bubble ben
LOL
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Old 02-29-2012, 12:56 PM   #318
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Re: February Trading Thread

Added more GRVY at 2.40 during the speech. I have been doing some DD and it looks good, but man it sure feels like a P&D.
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Old 02-29-2012, 02:49 PM   #319
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Re: February Trading Thread

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Added more GRVY at 2.40 during the speech. I have been doing some DD and it looks good, but man it sure feels like a P&D.
I hear you on the P&D feeling, but I think the recent run-up is because it looks like there is light at the other end of the tunnel. The expectations were so low for this company to actually put out a product that the execution risk surrounding RO2 exceeded the probability that the market would pay par on GRVY's cash and middling, but profitable RO revenue stream.

There haven't been any PR news releases or hired stock promoters like with most P&D. In fact, I think GRVY's IR has been pretty bad with transparency.

I don't expect the stock to go much higher before the commercial release of RO2. If your catalyst is the RO2 release, then I would close the position either shortly before or immediately after the release. There's no way to assess how well RO2 has been marketed and whether the game is any good.
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Old 02-29-2012, 03:01 PM   #320
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Re: February Trading Thread

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Originally Posted by highpsiguy View Post
Curious have you ever posted a single trade/idea/thought ahead of the event.

I also shorted gold 3 milliseconds prior to the dump, thank god I am the richest man in the world now.

You sound ridiculious coming in here time and time again claiming to have sniped something after the fact.

Better you say nothing.
I rarely trade for myself, I follow someone

and I didn't short unfortunately
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Old 02-29-2012, 03:02 PM   #321
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Re: February Trading Thread

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Originally Posted by asherma3 View Post
Get onboard with RFMK if you know whats good. Thats all I can say.
lookin' good
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Old 02-29-2012, 03:09 PM   #322
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Re: February Trading Thread

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Originally Posted by ahnuld View Post
companies dont stay above 500 bil marketcap for long. never happened that a company got above that amount and stayed there for over a year. I dont think a consumer products company with no monopoly will be the first to do it. http://en.wikipedia.org/wiki/List_of...capitalization

ps. im sure inflation adjusted a few companies have broken 500 bil market capo and stayed there for a year, and im sure most of them were in the 1870's-1890s before the sherman antitrust act was passed/enforced
This just seems like such an arbitrary way of looking at it. As pointed out ad nauseam, fundamentally the story is still good. If this was Cisco circa 2000 and it was trading at 100 times earnings then I could understand. But some company has got to trade above 500 bil market cap sometime, why not Apple? Also they dont have a monopoloy per se, but they such are close and they earn profits as if they did.
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Old 02-29-2012, 03:36 PM   #323
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Re: February Trading Thread

entering uup/vxx
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Old 02-29-2012, 04:55 PM   #324
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Re: February Trading Thread

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Originally Posted by asherma3 View Post
Get onboard with RFMK if you know whats good. Thats all I can say.
RFMK.PK 0.0045 (0.0011) (19.64%)

more tips please...
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Old 02-29-2012, 04:56 PM   #325
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Re: February Trading Thread

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lookin' good
i hope this is sarcasm...
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