July 2013 Trading Thread - Page 8 - Business, Finances and Investing Forum

Adding IJR to make up for having sold KRE. Wishing I hadn't putzed around, but it is what it is. Rationale is that small caps are less tied to global economy.

Quote

07-09-2013 , 12:32 PM

#177

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,134

Someone wanna post a 4 liner on the virtues of Kandi? Ever heard of these guys. Will look them up, just curious what people think the play revolves around. Crazy chart.

Also anyone think of a reason to not start a position in EBIX here? Going to unless someone has some show stopper I'm missing.

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07-09-2013 , 12:51 PM

#178

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Quote:

Originally Posted by rafiki

Someone wanna post a 4 liner on the virtues of Kandi? Ever heard of these guys. Will look them up, just curious what people think the play revolves around. Crazy chart.

Go Karts are cool.

Quote:

Also anyone think of a reason to not start a position in EBIX here? Going to unless someone has some show stopper I'm missing.

You mean other than this? http://www.businessweek.com/news/201...ors-open-probe

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07-09-2013 , 12:53 PM

#179

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,134

Quote:

Originally Posted by BrianTheMick2

Go Karts are cool.

You mean other than this? http://www.businessweek.com/news/201...ors-open-probe

Well ya that's why it gapped down weeks ago. It's just been moving up since.

Quote

07-09-2013 , 03:05 PM

#180

cky23k

journeyman

Join Date: Apr 2008 Posts: 348

Quote:

Originally Posted by MyrnaFTW

Looks like kndi is in play already.

KNDI looks like **** technically, maybe dead cat bounce but long term uptrend is far off. Needs a major shift in momentum. Before the spike on 6/5, techs were ok but since then there's been major distribution.

It is getting oversold here so short term bounce could happen, sell on the bounce IMO.

Last edited by cky23k; 07-09-2013 at 03:18 PM.

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07-09-2013 , 03:10 PM

#181

ra33it

centurion

Join Date: Jul 2012 Posts: 158

Can someone explain to me how Barnes and Noble (BKS) is up 6% today!? It is at levels before they doubled their predicted losses. Who is still buying this p.o.s.? I can't figure it out.

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07-09-2013 , 03:39 PM

#182

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,134

So can we finally put the Hindenburg omen to rest? For all that panic, seems like it was a total wiff.

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07-09-2013 , 03:40 PM

#183

Upupdowndown

journeyman

Join Date: Jun 2013 Posts: 254

i hate this website. lost a nice post.

in short: how do u think gold reacts to big ben tomorrow? I think it will drop again like the garbage that it is. but i also think we're at a bottom around here longer term. maybe a retest of 4.55 for nugt then up after.

Last edited by Upupdowndown; 07-09-2013 at 03:46 PM.

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07-09-2013 , 03:47 PM

#184

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,134

Tomorrow is the minutes from the meeting in mid June right? So I'm confused, how often do the minutes contain stuff drastically different from what Ben already said June 18-19?

Trying to decide if I want to make a bet here.

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07-09-2013 , 04:06 PM

#185

cky23k

journeyman

Join Date: Apr 2008 Posts: 348

Bought some MAT Oct. $46 puts for $2.10 today.

Current Positions:

Long WNR @ $29.10 and Long $31 Sept. Calls @ $2.00 and Long $30 Sept. Calls @ $0.89
Long EIX @ $46.21 and Long a bunch of Oct. $50 Calls Avg $0.70
Long GMT @ $49.00
Short CELG @ $123.01
MAT $46 Oct. Puts @ $2.10

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07-09-2013 , 04:20 PM

#186

MyrnaFTW

Carpal \'Tunnel

Join Date: Nov 2011 Posts: 7,567

Quote:

Originally Posted by cky23k

looks like you guys were right .. seems like i got into a bad long.. my avg is 5.34 .. i might have to move my mental stop loss up 10-15 cents. i got the momo on that one wrong today.

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07-09-2013 , 05:52 PM

#187

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

After all the little moves, I went from being:

VTI 17.52%
VEU 16.03%
RWX 7.52%
PZC 9.95%
PCY 3.23%
IVV 2.94%
VEA 2.40%
KRE 4.94%
Cash 35.49%

To:
VTI 17.75% (US total market)
RWX 7.53% (int'l reit)
PZC 9.71% (Cali Munis)
PCY 3.17% (emerging market bonds)
IVV 5.95% (S&P 500)
VEA 2.41% (developed int'l market)
IJR 3.39% (US small caps)
Cash 50.08%
YTD IRR 10.4%

About 27% long US stocks, 10% long International stocks, 13% bonds, 50% Cash.

Plan is still to add a few more % this week to US stocks.

Quote

07-09-2013 , 05:54 PM

#188

Upupdowndown

journeyman

Join Date: Jun 2013 Posts: 254

Quote:

Originally Posted by rafiki

yes but this was the one where he summarized saying they were gonna taper, then everyone went nuts and everyone had to do damage control. he also is scheduled to give another speech but the minutes is the important thing. just more fear. its released at 2:00. just dont see how it can be a good thing for the market.

Quote

07-09-2013 , 06:23 PM

#189

Upupdowndown

journeyman

Join Date: Jun 2013 Posts: 254

i will be shorting gld or nugt tomorrow. risky dealing with these commodities always but i dont see why the release of those minutes could possibly be a catalyst for them unless they go something like "ben, tell everyone we are going to taper soon, but add the words "psych!""

would have put my $ into wfc today but they got a downgrade and wasnt a time to get in.

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07-09-2013 , 08:17 PM

#190

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

RH and BLMN look interesting...

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07-09-2013 , 09:28 PM

#191

savant111

veteran

Join Date: Nov 2008 Posts: 3,101

Quote:

Originally Posted by BrianTheMick2

RH and BLMN look interesting...

Both are good stocks.

BLMN is extended right here though. This is not an new long entry time at this price.

RH I like more, I'd be concerned about weakness in actual housing stocks hurting the pin action plays in the short term. If this market stays hot though, I think you'll make money.

Quote:

Originally Posted by ra33it

Can someone explain to me how Barnes and Noble (BKS) is up 6% today!? It is at levels before they doubled their predicted losses. Who is still buying this p.o.s.? I can't figure it out.

I think their CEO resigned. I guess it made the street happy.

Quote

07-09-2013 , 10:16 PM

#192

savant111

veteran

Join Date: Nov 2008 Posts: 3,101

Planning on doing nothing tomorrow. I have a stop in place for CHK, but that's about it.

I don't necessarily think I'm positioned great, I just don't think tomorrow is the best day to make a move.

25% SH 15% FB 15% CHK

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07-09-2013 , 11:14 PM

#193

savant111

veteran

Join Date: Nov 2008 Posts: 3,101

More bad import/export data out of CHina tonight. Futures are just flat as of now. Keeps my concern about multinational stock's earnings guidance in tact.

China, interest rates probably rise tomorrow, overhead resistance in the market, I can't see us closing in green tomorrow. Also IMF lowered global growth forecast.

If I can short CAT tomorrow at $85 or higher I'll be taking it for a day trade.

Last edited by savant111; 07-09-2013 at 11:22 PM.

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07-09-2013 , 11:53 PM

#194

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Quote:

Originally Posted by savant111

I was actually looking at them as shorts

Quote

07-10-2013 , 07:15 AM

#195

SretiCentV

Pooh-Bah

Join Date: Oct 2006 Posts: 3,695

SPY crash puts today anyone? I'm thinking the 12/21 120 @ .41/share. I don't usually like to play psychic with short term but seems like it's going to be a rough next couple of days. I don't expect SPY to hit 120 obviously but maybe as an in&out play

Quote

07-10-2013 , 09:32 AM

#196

savant111

veteran

Join Date: Nov 2008 Posts: 3,101

Short CAT for a rare day trade and rare short of individual stock @ $85.42

25%SH 20% Short Cat 15% FB 15% CHK

Quote

07-10-2013 , 09:34 AM

#197

Upupdowndown

journeyman

Join Date: Jun 2013 Posts: 254

short nugt in a day trade @ 5

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07-10-2013 , 09:43 AM

#198

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,134

So is there any chance at all that the taper talk is already priced in?

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07-10-2013 , 09:45 AM

#199

jb514

veteran

Join Date: Oct 2009 Posts: 2,837

Quote:

Originally Posted by savant111

Short CAT for a rare day trade and rare short of individual stock @ $85.42

25%SH 20% Short Cat 15% FB 15% CHK

Not so hot about the day trade, but its good to see you trading more individual names as opposed to indexes. I think you'll find more of an edge there.