What's going on with Apple? Its all of a sudden up 22 points in two days on no real news.

News doesn't move stocks.
Stocks move due to buying and selling and people's psychology causing them to buy and sell.

The stock was heavily oversold, which is why it is going up, after bouncing off support at 420.

And A doesn't cause B?

http://www.zerohedge.com/news/2013-0...-dell-headline

Bought PRLB at $46.80. I didn't want to risk it popping Tue morning and missing it. Tight stop on the trade. Could wind up getting stopped tomorrow, but I think it has a really good chance to bounce.

25% PRLB 15% ZNGA

not a lt play ? why you think it might pop ?

Leaving the fundamentals out of it (and I think the valuations are stretched),

Reason: The 5 Day and One year charts look weak

SBUX took a run at it, and failed to take out its 52 week high

I just dont see any buying conviction in SBUX, and think it will be weaker then the S&P 500 going forward.

Bear in mind this is just one person's opinion, and I tend to move in and out of things on a daily basis.

http://www.google.com/finance?q=NASD...UbiTK4-OlAOrTA
.

http://www.bloomberg.com/news/2013-0...6-billion.html

This type of speculation is the reason.

Or I'm sure the 200 day moving average and the Ichimoku cloud converged on the Red 9 of the Demark Indicator while also being massively oversold on RSI and MACD

Apology in advance I had to =)

On a more serious note, are you really on here saying that news doesn't move stocks?

not open to canadians, i tried making an account there but would not let me. either that, or i am just ******ed, which is also a good possibility.

I do not have an opinion on SBUX.

But if you are saying valuations are stretched, I assume that means you think they are higher than normal? It's definitely been higher in the past.



I pulled this from Bloomberg. Its not perfect and uses trailing EPS (which is not ideal obviously) but it shows that the valuation doesn't look too stretched.

I see 2013 consensus EPS $2.16 and 2014 $2.63. So 26x and 22x. Not cheap I'll grant you but nothing crazy for Starbucks.

I'm using Questrade in Canada. You can PM me with question. So far it's decent, the mobile ap however is total crap.

also with questrade, been with them since december 2011.

no problems with them yet, their mobile app does blow horn i agree.

PRLB uses 3d printing technology to produce prototypes for businesses. It's different from companies that make 3d printers like DDD and SSYS but it's trades in that 3d sector if you will.

DDD & SSYS have been beaten up badly of late due to stretched valuations. Both stocks showed signs of reversals today and both stocks have a significant short interest that can get squeezed right here.

PRLB has shown relative strength to DDD and SSYS. They had an very well received earnings report and aren't as stretched as the hardware manufactures.

While DDD and SSYS showed reversal signs today, PRLB also looks to me like it is about to end a 3 day down move. The stock found support at $46.00 for the second straight day and the is also bouncing off of an ascending trend line. Selling was relatively low volume for PRLB during the 3 day move as well.

The whole sector looks ready to pop tomorrow and PRLB IMO is the best stock fundamentally. Money should come in.

The timing of the trade works out really well because I can trade against $46 and risk less than 2% on the trade with very high potential upside.With Europe back in the picture I can easily be stopped out tomorrow or WEd on a bad headline. The stop can be really tight here which I like as a defense against that scenario.

All the ducks looked lined up pretty well to me for a +EV trade.

well, sold my 13.1k shares uvxy at 8.36...booked a 2k profit. i drank the kool-aid and didnt sell pre-market/open when it was at ~9, but rode it out to my original goal of .10-.15 gain. May day trade this one for the next few weeks.

SPX range is about 1545-1563 is the range tomorrow. Below 1545 we have $1531 and 1525 as potential support areas.

PRLB: See rationale above.

ZNGA: I'm at risk of getting stopped out tomorrow. Bottom line for me is I simply bought it too high to risk further damage. Chart is still fine and the pullback has been relatively orderly thus far. I need it to pop now.

25%PRLB 15% ZNGA

Article on bears and bulls both agreeing that this market is going to keep going higher and higher:

http://www.theglobeandmail.com/globe...rticle9918561/

...

David Kostin, chief U.S. equity strategist at Goldman Sachs, raised his year-end target to 1625 from 1575, for a 3.2 per cent bump. More impressive, Adam Parker at Morgan Stanley increased his target to 1600 from 1434 – for a 12 per cent increase.

Mr. Kostin and Mr. Parker’s year-end targets had been among the lowest on Wall Street in 2012, with both strategists predicting that the benchmark index would end the year lower than it had begun. However, the index rose 13 per cent last year.

....


In the case of Mr. Kostin of Goldman Sachs, he sees better underlying conditions. From Bloomberg News: “The 2013 U.S. equity market story is becoming one of improving business activity accompanied by increased CEO confidence,” he said. Still, he raised his estimate for earnings among companies in the S&P 500 by a mere $1 (U.S.), to $108 a share – even as the U.S. economy sees stronger growth in the quarters ahead.

Morgan Stanley’s Mr. Parker made a bigger revision on his earnings estimate. He believes S&P 500 earnings this year will rise to $103.20 a share, up from an earlier estimate of $98.71. From Bloomberg News: “We see improving fundamentals in the second half of the year and into next,” he said.

However, it isn’t just the bears that are having second thoughts here. Bullish strategists are also raising their targets. For example, David Bianco of Deutsche Bank raised his target to 1625 from 1600. Andrew Garthwaite of Credit Suisse raised his target to 1640 from 1550. And Sean Darby of Jefferies raised his target to 1673.

the write-up on PRLB in IBD today was impressive.

It's on the IBD 50 and The stock twits 50 too I believe. I'd imagine IBD loves them. Great growth, loaded with the "new" in CAN SLIM.

Edit: article. http://news.investors.com/business-t...=yahoocp,yahoo

I'm familiar with the stocktwits 50 but it wasn't easy to google IBD 50 and get the latest list of the 50 stocks. Is being a subscriber to IBD the only way?

It is nearly impossible to come up with a Complete IBD 50 list without being a subscriber. The IBD 50 List is in Monday and Wednesday IBD newspaper and few stores carry IBD anymore.Some Town Librarys have IBD, most dont anymore.

I am Short SBUX @ $57ish for a trade.

Everyone with love for PRLB. Zacks big on them too.

ZNGA having a nice pop at open, lets hope it maintains it!

ahha you jinxed that one. I may get more under 3.50

Nooooooo! Bieber jinx!