Here’s the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
eryba1
July 24, 2013 – 4:50 pm
@jahmon: risky but paid off. I added more apple today after earnings to be sure. look at it for all here as an insurance premium. FB 31.7 Nice $5.20 move higher so far
eryba1
July 25, 2013 – 7:15 am
Facebook price target raised to $40 from $35 at Cantor
eryba1
July 25, 2013 – 7:15 am
Facebook price target raised to $46 from $40 at Goldman
eryba1
July 25, 2013 – 7:16 am
Facebook price target raised to $43 from $37 at Deutsche Bank Deutsche Bank raised its price target for Facebook citing positive trends in Q2 and maintains a Buy rating on the stock. The firm says Facebook’s usage, engagement and monetization are all growing
eryba1
July 25, 2013 – 7:16 am
eryba1
July 25, 2013 – 7:56 am
ZNGA seems to have intrigued many by the new CEO shift as shares went from 2.6 to 3.5 I have initiated a small position in it and may look to add to that. Online gambling (ONLINE GAMBLING ALREADY ALLOWED IN BRITAIN) , better more graphic based sticky APPS with the new MSFT head of gaming chief now the new ZNGA CEO . Cody was very focused these in the chat yesterday so I am adding to my gold position as well today.
eryba1
July 25, 2013 – 8:37 am
sndk in pre market is down to 60 again it has found support here on 2 other times if it breaks I will add if it holds I will add more common shares after that GREAt qtr
eryba1
July 25, 2013 – 8:40 am
Facebook upgraded at JMP JUL 25, 2013 | 7:39 AM EDT FB was upgraded from Market Perform to Outperform, JMP Securities said. $38 price target. Company is becoming a “must buy” for advertisers.
eryba1
July 25, 2013 – 9:00 am
FB up 30% in pre market time to think to take some off if only to wait for some natural pullback even if just intraday? Lets watch and see
eryba1
July 25, 2013 – 9:07 am
cramer on CNBC now thinking FB goes STRAIGHT to 38!! znga moving this morning as well and reports tonight as well as AMZN
eryba1
July 25, 2013 – 9:12 am
I would think most would EXPECT UGLY quarter from ZNGA tonight in light of new CEO many pink slips handed out and complete 180 about face company is undergoing. Wonder if market will buy if a BAD qtr will be bough or is that already occurring as the stock has risen since those firing when stock sold off 3.4 to 2.6 and now back to where it was before
eryba1
July 25, 2013 – 9:45 am
adding some goog, gld, sndk znga common long today
eryba1
July 25, 2013 – 10:00 am
if we listen to what QCOM has said and put together the APPL iphone sales combined with Fb MOBILE is one fire- data usage ala FFIV should be on FIRE, JNPR, CIEN need to give customers faster and more ability to deliver data faster, farther & wireless. SNDK data usage is sorely in demand as people take more pict, video post it, store it. As a result we seem to have quite a few of the BEST of the BEST stocks posied for further growth. Thus I am added sndk,goog,znga, gld and some ebay today
eryba1
July 25, 2013 – 10:12 am
anyone trimming adding sitting pat?
jahmon
July 25, 2013 – 10:35 am
I just wish I had gone in a bit more…FB only at 5% of portfolio but a great jump up…haven’t trimmed yet. May try to let it run for a little bit. Interested in what Cody will say as well.
eryba1
July 25, 2013 – 10:37 am
@jahmon: u can only say wisey U played it SMART- last qtr was a good one as well stock popped on great volume then gave back 20-30% this time market reacted diff so far. its hard to always BE right last time #’s were good market didnt car now #’s better market cares
jahmon
July 25, 2013 – 10:39 am
Indeed. My main concern now is LNN which is my one dog position…down 9% on a pretty big investment…trying to decide whether to hold or move the capital elsewhere…seems like dead money for awhile…
eryba1
July 25, 2013 – 10:41 am
@jahmon: ok u decide give it more time or sell some free your min and buy other winners with great qtrs who have or are pulling back ala AAPL, SNDK, CIEN, goog.
tl15
July 25, 2013 – 11:23 am
@eryba1, do you have any concerns adding znga today given the jump up already? Do you see the potential for a drop after earning this afternoon giving the recent difficulties the company has had? Or do you think it’s possible that a good conference call will be enough to keep znga where it’s at?
eryba1
July 25, 2013 – 11:26 am
@tl15: As always when it comes to earnings releases there is always concern. O bought a position today that I could ADD to if it drops for whatever reason and if it zooms higher on new CEO comments initiatives other I am happy with what I have. Would I chase if it POPS big time- No I would wait for a better opportunity. This company is now a turnaround story it will take time but as usual the potential is there.
tl15
July 25, 2013 – 11:30 am
@eryba1, why do you suspect that SNDK is suffering the last few days after strong earning report and strong earnings of its partners?
eryba1
July 25, 2013 – 11:34 am
@tl15: not suffering just consolidating it ran to new ALL time hi’s before earnings running to 63 it pulled back to 60 then advanced to nearly 64 and now pulled back to 59. I sold some highe rand hoped for pullbacj to 58-60 and am using this pullback to add
tl15
July 25, 2013 – 11:36 am
@eryba1, thank you for your input
eryba1
July 25, 2013 – 11:37 am
@tl15: as for ZNGA the MSFT executive was a BIG win for ZNGA. XBOX had become a very popular gaming console out of no where when it was created. Lets give the new CEO some time to turn around ZNGA. This will be his 1st CC as CEO hes been there for what less than 60 days lets see what he says, has done, plans to do etc
eryba1
July 25, 2013 – 11:37 am
@tl15: NP
eryba1
July 25, 2013 – 11:38 am
meanwhile lets watch GOLD as well
ebdavids
July 25, 2013 – 11:53 am
@msamuels2000: Thanks for your thoughts yesterday on BBRY. I mentioned you in my question to Cody, but somehow it got dropped. I took a chance with some far-out puts… We’ll see.
msamuels2000
July 25, 2013 – 12:06 pm
Cody wasn’t so high on the trade but it can go from 10 to 5 faster than from 100 to 50. Ameritrade had no shares to short and I already have some Dec puts so I sold some 2015 15.00 calls. I feel like I’ll never have to buy those back
eryba1
July 25, 2013 – 12:48 pm
@msamuels2000: adding to my goog common under 890 and if we do get fr some reason FB to hit 38 or so I will trim some common there. AMZn and ZNGA on tap to report tonight
msamuels2000
July 25, 2013 – 1:57 pm
@eryba: Just increased my small ZNGA holding – probably not a good move into earnings but I’m placing a small bet that anything but a train wreck will keep the momentum going up
eryba1
July 25, 2013 – 2:02 pm
@msamuels2000: We each ( at the end) do what we feel is right. A small position is just that, small cant hurt you. If we look at znga it has not had anything good go its way recently. The firing panicked people and the stock dropped 10-20%. Then the new CEO announcement popped the stock nearly 30%. At this point its in the CEO’s hands to turn this company around. The pop on his taking the job should bode well in regards to people outlook for what he can do but hes been on the job less than 30 days. Lets see the #’s mainly from the old CEO and direction the company had been on and what the NEW CEO plans to do and or has implemented in the past 30 days. People bought for the coming qtrs not the one that just closed.
tl15
July 25, 2013 – 3:04 pm
@Cody, @eryba1, if we have not yet had the opportunity to enter into a znga position, do you recommend waiting until after the ER this afternoon?
eryba1
July 25, 2013 – 3:07 pm
@tl15: thats a toss up. I had not had a position in some time so I opened one today. If U wanted to start a position U an do / think of these options. After earnings U R safer. U see the cards the company has plans, goals, cash etc the market reacts and U know if the sentiment is positive or negative on whats said. if it spikes U know good things are in store and market expects more, a decline and u know things have turned sour and then U decide if the future is bright
Teewilly
July 25, 2013 – 3:08 pm
anyone considering ffiv or rvbd at these levels? rvbd I know at one time was high on Cody’s list….
eryba1
July 25, 2013 – 3:08 pm
the trend is your friend. U can buy small now and hope for a pullback. If U like what U hear U will buy more on the decline. If it pops U either says great I will buy on pullback as things are looking better or say I missed it and move on to another name. With a NEW CEO less than 30 days into his job lots of cash and big potential its really is up to you. I decided to buy and will add on a decline or be happy if it pops.
tl15
July 25, 2013 – 3:09 pm
thank you again
rkumar
July 25, 2013 – 3:17 pm
fb great call cody
rkumar
July 25, 2013 – 3:17 pm
thank u cody
rkumar
July 25, 2013 – 3:17 pm
facebook is the 4th horseman finally
eryba1
July 25, 2013 – 3:17 pm
@rkumar: FB,SNDK,CIEN,FF,AMZN,LNKD,XONE
eryba1
July 25, 2013 – 3:20 pm
U guys seeing the volume in FB 320M shares 2nd most since its public debut.
hc2002
July 25, 2013 – 3:24 pm
Particularly the opening spike. It makes a very interesting daily volume chart like.
nrmeshram
July 25, 2013 – 3:28 pm
Anybody playing AMZN for earnings today. I think it will go up . any suggestion of how to hedge.
eryba1
July 25, 2013 – 3:30 pm
@nrmeshram: good question. My best hedge for myself is to take some off of a winning trade if its a decent sized portion of my portfolio. Too hard to determine markets reaction to amazon earnings its usually volatile. Its had a GREAT run from 250 so even good news can get sold as its had agreat run
nrmeshram
July 25, 2013 – 3:49 pm
What about ZNGA. Is it a good time to short or play long considering the FB pop today ?
eryba1
July 25, 2013 – 3:50 pm
@nrmeshram: @tl15: thats a toss up. I had not had a position in some time so I opened one today. If U wanted to start a position U an do / think of these options. After earnings U R safer. U see the cards the company has plans, goals, cash etc the market reacts and U know if the sentiment is positive or negative on whats said. if it spikes U know good things are in store and market expects more, a decline and u know things have turned sour and then U decide if the future is bright
eryba1
July 25, 2013 – 3:50 pm
@nrmeshram: the trend is your friend. U can buy small now and hope for a pullback. If U like what U hear U will buy more on the decline. If it pops U either says great I will buy on pullback as things are looking better or say I missed it and move on to another name. With a NEW CEO less than 30 days into his job lots of cash and big potential its really is up to you. I decided to buy and will add on a decline or be happy if it pops.
eryba1
July 25, 2013 – 3:59 pm
volume on ZNGA also on the hi side near 71M shares avg is 23M lets see what unfolds
eryba1
July 25, 2013 – 4:10 pm
AMZN AND znga repots out. AMZN unch bascially znga beat both EPS and rev
eryba1
July 25, 2013 – 4:10 pm
lets ee what ZNGA ceo says
eryba1
July 25, 2013 – 4:12 pm
SBUX up 6-7% after hours beat guide higher. I have bot many a GIFT cards for friends family THRU FB for SBUX for B days and other
eryba1
July 25, 2013 – 4:13 pm
Gold and GLD popping a bit after hours as well not sure why
msamuels2000
July 25, 2013 – 4:14 pm
AMZN off 4% – looks like a buy opp for anyone looking to increase their position
eryba1
July 25, 2013 – 4:21 pm
znga says not pursuing US gaming licence rt now stock down to 3.15
eryba1
July 25, 2013 – 4:24 pm
zinged by zenga at 2.97 lets wait for CC to see what CEO says
eryba1
July 25, 2013 – 4:25 pm
Zynga will not pursue license for real money gaming in U.S. Zynga says it believes its biggest opportunity is to focus on free to play social games. While the company continues to evaluate its real money gaming products in the United Kingdom test, Zynga is making the focused choice not to pursue a license for real money gaming in the United States. Zynga says it will continue to evaluate all of its priorities against the growing market opportunity in free, social gaming, including social casino offerings
eryba1
July 25, 2013 – 4:26 pm
so yes casino but not for PAY just yet is how I read it, I will listen to CC
eryba1
July 25, 2013 – 4:31 pm
ZNGA CEO background: Mattrick, 49, spent six years at Microsoft — the last three as president of the Interactive Entertainment Business. In that role, he was responsible for the team that grew Microsoft’s Xbox 360 global installed base by 700 percent to more than 75 million consoles. During his six-year tenure at Microsoft, Mattrick also oversaw businesses and services focused on consumer products that included the groundbreaking Kinect entertainment products and PC and mobile interactive entertainment. Mattrick served as the president of Worldwide Studios at Electronic Arts. During his 15-year career at Electronic Arts, Mattrick helped develop and scale the company’s leading global game franchises and brands including “Need for Speed,” “FIFA” and “The Sims.”
eryba1
July 25, 2013 – 4:31 pm
At age 17, Mattrick founded his first company, Distinctive Software, which was acquired by Electronic Arts in 1991. “Mark took the lead in working with the entire board to recruit Don to Zynga,” said John Doerr, Member of the Zynga Board of Directors and General Partner at Kleiner Perkins Caufield & Byers. “All of us at Zynga — and no one more than Mark — are thrilled Don is joining our mission to connect the world through games. This is a win for the people who play our games, the talented employees who make them and the investors who believe in our long-term value. This also is a win for Mark, who can devote his full attention to conceiving and building the best social games in the world.”
eryba1
July 25, 2013 – 4:37 pm
Lets see what CEO says but from I have found so far is they want to see how Great BRitian online gambling goes before pursuing USA licence. Earnings are good we may not like that not application for US licence but to perfect is better than to jump in before knowing what / how to do. the CC will tell us all what CEO is thinking to do. If I like I will add more tomorrow if it stays at these levels
eryba1
July 25, 2013 – 5:39 pm
anyone listening to ZNGA CC?
eryba1
July 25, 2013 – 5:43 pm
As we discussed earlier this is being detailed as a 2-4 QTR turnaround. stock down 15% A/H Mobile gaming growing wildly. this is a hit by hit basis is what it sounds like. Find the reason why people love HIT games what their attributes are and try to incorporate those attributes into games under development. 2000+ employees vs CANDY CRUSH makes KING with 4-500 people.
jjss
July 25, 2013 – 8:26 pm
“Trades for the week” ending July 19th includes a “Buy” for SNDK and a price of 40.00; doesn;t seem to make sense.
eryba1
July 26, 2013 – 7:50 am
Short Sellers Choose One 3D Printing Stock to Like- We have tracked the key short interest changes as of July 15 in the following 3D printer and services companies: 3D Systems Inc. (DDD), Stratasys Ltd. (SSYS), The ExOne Co. (XONE) and Proto Labs Inc. (PRL
. Short interest in 3D Systems rose 0.5% to 27.04 million shares. Some 28.8% of the company’s stock is short. Short interest in Proto Labs rose 16.8% to 3.05 million shares, or 16.8% of the company’s float. Stratasys saw short interest rise by 4% in the first two weeks of July to 3.58 million shares, or about 13% of the company’s float.
eryba1
July 26, 2013 – 7:50 am
Short interest in ExOne fell by 7.8% to 2.15 million shares. About 31.8% of the company’s shares are now held short. Shorts continue to target Proto Labs in the 3D sector because the company is a service provider only. Because the other 3D printer makers also sell equipment as well as services, Proto Labs is seen to be at a disadvantage. 3D printer stocks are still trading near year-to-date highs, with all but Stratasys posting double-digit gains. However, because the technology is relatively new, it is difficult to tell whether stocks are at a peak and have no place to go but down, or if they are about to sprout wings and soar. It is a wait-and-see-what-happens-next game for now.
eryba1
July 26, 2013 – 8:16 am
Zynga downgraded at Needham JUL 26, 2013 | 7:41 AM EDT ZNGA was downgraded from Buy to Hold, Needham said. Now expected to generate negative cash flow.
rkumar
July 26, 2013 – 9:34 am
eryba wen do we buy more znga–tons of cash??
eryba1
July 26, 2013 – 9:36 am
@rkumar: for now watching it, let it settle down, I was disappointed about the online gambling as they said they wanted to pursue now not in USA. So the street is selling as a result. ANY sized position I dont like anything down 10-20% in one day
eryba1
July 26, 2013 – 9:37 am
in this case my $$ is working against me vs for me. so I will c
eryba1
July 26, 2013 – 9:38 am
we knew it was going to be a turnaround story with NEW CEO and he stated 2-4 qtrs
eryba1
July 26, 2013 – 9:39 am
instead I want to add sndk, goog amzn
eryba1
July 26, 2013 – 9:54 am
Adding to sndk here down 3.5%
vmontes
July 26, 2013 – 10:06 am
Cody said he bought VIX calls what ticker symbol did he use?
vmontes
July 26, 2013 – 10:21 am
Anyone?
Bill
July 26, 2013 – 10:32 am
@vmontes: The symbol is VIX. He purchased the Sept 2013 CALLs with strike prices of $13 and $14.
vmontes
July 26, 2013 – 10:37 am
Bill: Thank you for the reply. I guess I can’t buy them through Scottrade because when I try to bring up the options under VIX it doesn’t let me.
jahmon
July 26, 2013 – 10:42 am
My portfolio is getting absolutely hammered today. Anyone else? Went from 10 up to 8 down on ZNGA to start…
Olivepetunia
July 26, 2013 – 10:47 am
@eryba1 Thinking of following you with some SNDK today; any idea what’s causing the selloff?
jahmon
July 26, 2013 – 10:57 am
hard to buy when everything keeps falling…
MOBYDOC
July 26, 2013 – 11:20 am
@vmontes: VXX … is the ipath for the S&P 500…try that.
vmontes
July 26, 2013 – 11:22 am
@MOBYDOC: Thank you! It worked on Scottrade.
jahmon
July 26, 2013 – 11:24 am
XONE has a big employee stock lockup expiry on 8/6 I believe
hc2002
July 26, 2013 – 12:55 pm
Some TA on FB, not a big fan of TA, but it does help me to establish some entry and exit points: http://blogs.wsj.com/moneybeat/2013/07/26/facebooks-breakaway-gap-is-bullish-game-changer/?mod=yahoo_hs
eryba1
July 26, 2013 – 12:55 pm
@Olivepetunia: Im looking myself dont see it must have been semi conductor reported last night or other weak #’s but clearly SNDk reported great # and guided higher so I am a buyer on weakness here strt down from 63.5 to 57 10% haircut
eryba1
July 26, 2013 – 1:02 pm
@jahmon: I am adding to my sndk common share buy here down 5.5%$ and adding to some ZNGA common long exposure as well here
calmdaw1
July 26, 2013 – 1:04 pm
SNDK down on worries about weaker demand for NAND in third quarter
eryba1
July 26, 2013 – 1:06 pm
@jahmon: I dont see anything other than a correction in a strong stock needs to find support around here its 50 day moving avg though.@calmdaw1: They just reported so that does not make too much sense reported july 17 beat and guided higher
calmdaw1
July 26, 2013 – 1:08 pm
@eryba – it might not make sense but it was reported in the Digitimes and I suspect that is responsible for part of the move today
eryba1
July 26, 2013 – 1:09 pm
@calmdaw1: Oh im not doubting it I see the 10% decline something spooked people, Im just saying they reported a last wed, very hard to believe since then any material change as they upped their guidance. Its had aGREAT run new all tim hi’s at 63.5 so a correction for now, but needs to find support here
eryba1
July 26, 2013 – 1:11 pm
cody: your take on ZNGA last night? and lets add in pullback in sndk I sold with U 60-63 I think its a good time to scale back in a bit
badrook
July 26, 2013 – 1:36 pm
should I buy FB puts to safegaurd my investment or growth from yesterday’s stock soar?
eryba1
July 26, 2013 – 1:38 pm
@badrook: its a call u need to make? too large a % position in your acct? The best hedges for me on a stock by stock basis would be to sell some vs trying to time is the next 3-5% decline when if it comes the time to let go of those hedges etc
badrook
July 26, 2013 – 2:04 pm
buying put option is better than selling right?
eryba1
July 26, 2013 – 2:04 pm
at this pace I will look to buy some CIEN soon as well
ebdavids
July 26, 2013 – 2:17 pm
@cody @bill I echo eryba1’s question. ZNGA has been SUCH a focus of Cody’s recommendations lately — among other things, his respect for their cash position — so I would hope he could chime in today with his thoughts, now that the new CEO has spoken AND with today’s dive –which could make it a great opportunity, if he thinks so. Cody?
eryba1
July 26, 2013 – 2:33 pm
cien 6.5% decline today so far 21.3 tempting reentry buy point after selling near 23
eryba1
July 26, 2013 – 2:37 pm
adding some cien common long here down 6.7%
eryba1
July 26, 2013 – 2:38 pm
could it be ZNGA trying to make a small comeback from down 18% today? lets watch the last 90 min
Johan
July 26, 2013 – 2:46 pm
eryba1 Do you know what is going on with CIEN? Why this pull back?
eryba1
July 26, 2013 – 2:55 pm
@Johan: just natural profit taking it popped from 16.2 to 20.7 pulled back to 19 then hit 23 so normal pullback reports in a month from today
eryba1
July 26, 2013 – 2:56 pm
@Johan: U may not like it but U want a stock to move in a stair step fashion, U want people to buy and a pullback gives them an opportunity. Its normal and healthy
Johan
July 26, 2013 – 3:05 pm
ok, thanks eryba1.
eryba1
July 26, 2013 – 3:12 pm
opinion about ZNGA from naother investors take on the CC last night: Mattrick was asked why does Candy Crush maker King have 400 employees and Zynga had 2,300. He said “just imagine if we get our act together and imagine how many games we can pump out each year vs. one or two for them.” This thing will likely bump around these levels for the next few weeks. But make no mistake, on the first signs of a hit game, this thing will rocket.
eryba1
July 26, 2013 – 3:14 pm
His message to Wall Street last night was: don’t expect much from us for 6-12 months. He also had a new message that has caused the selloff today in the stock: don’t expect us to do real-money gaming. This has been investors’ big hope for Zynga. It was the free-call option built into the stock at this price. Mattrick was saying that the company can’t realistically get a license in the U.S., so it has to call a spade a spade and focus on the core free-to-play gaming business instead. The call said a lot about Mattrick’s style last night. He’s clearly now in charge. Mark Pincus introduced the new chief exec and then said nothing for the duration of the call. It’s Don’s show now.
eryba1
July 26, 2013 – 3:14 pm
Mattrick also answered every analyst question or directed the CFO or COO to answer them. They did so dutifully. I’m not sure how long COO David Ko sticks around given that Mattrick suggested the state of operations are not great currently. The turnaround of Zynga is likely coming soon. It’s not four quarters away and I don’t think it’s even two quarters away.
eryba1
July 26, 2013 – 3:15 pm
gold making a move higher here or attempting too rather. miners taking the charge into the green first
msamuels2000
July 26, 2013 – 3:48 pm
CSTR aka OUTR getting a beatdown. I tried to get short per Cody’s advice but no shares to be found. Should have been more aggressive on puts or naked call sells
Olivepetunia
July 26, 2013 – 3:51 pm
@msamuels2000: Also look into changing broker. I had same problem finding shares of BBRY at E*Trade. No problem finding shares at Fidelity.
eryba1
July 26, 2013 – 4:14 pm
It was a WILD but I would think GOOD week for most AAPL,AMZN,LNKD,FB all outperformed. A few pullbacks in CIEN and SNDK were quite strong today, ZNGA dissapointed many in the no gambling licence for now statement. However new CEO stated its a company on the mend. Gold is making some sort of attempt to break above 1350 (resistance line). Lets see what next week brings as we get earnings from FSLR,DDD and LNKD next week. rest up this weekend and do something fun.
msamuels2000
July 27, 2013 – 12:09 pm
@Olivepetunia: thank you I may do that but it’s hard enough keeping my accounts straight.
eryba1
July 29, 2013 – 8:36 am
An interesting article I came across this weekend- How APPLE Stock is hurting brokers and the market. It discusses the trading vehicle apple had become and its popularity that when it dropped from 705 to 385 many people got hurt in more ways than 1. Accounts at brokers dried up, people stopped trading, people left the investing / trading field as a result: http://www.fool.com/investing/general/2013/07/28/apple-is-hurting-your-broker.aspx
nimsri
July 29, 2013 – 9:47 am
What is the stock quote for VIX = Volatality S&P 500
eryba1
July 29, 2013 – 9:58 am
Ciena Corp. (CIEN) was initiated as Outperform at William Blair.
rkumar
July 29, 2013 – 10:03 am
aapl up 7 –any news??1
eryba1
July 29, 2013 – 10:29 am
@rkumar: chart looks good W btm perhaps, anticipation of new products in 2nd half of this year
msamuels2000
July 29, 2013 – 10:33 am
on Ameritrade the underlying symbol for CBOE VIX Volitility Index is $VIX.X
eryba1
July 29, 2013 – 11:23 am
adding some SNDK common long here down 15% in a straight line after great earnings report. Lets watch gold here as well. A few stocks acting well here cien, fb,aapl,goog while lnkd pulls back a bit before earnings this week, amzn pullback after earnings pop
eryba1
July 29, 2013 – 12:42 pm
cramer on todays ad company merger: First, the Publicis-Omnicom merger is meant to be defensive in nature against the encroachment of Google (GOOG) and others that deal directly with the powers that be. When PepsiCo (PEP), for example, wants to do a Twitter buy, it sits down with Twitter, not its ad agency. To me, this is a good deal for Omnicom (OMC) shareholders, but as far as long range implications it would be better if either or both went out and bought Twitter. To me, all this deal does is verify what we know: the world has changed and the old-line firms seemed to be eclipsed by Google, Facebook (F
and Twitter. The conventional press is saying Google and Facebook should be worried. The buyers today are scooping
eryba1
July 29, 2013 – 12:42 pm
up Google and Facebook because this merger is a verification of what some knew, but now everyone knows: the upper hand for Internet ads belongs to Internet companies, not Madison Avenue
Alistair
July 29, 2013 – 1:17 pm
Anyone playing ER on SIMO or PMCS tonight?
eryba1
July 29, 2013 – 1:19 pm
@Alistair: I am busy accumulating SNDk on this decline. znga was / is the only spec name in my acct that bot just for around earnings
Alistair
July 29, 2013 – 1:39 pm
SIMO & PMCS are both on Cody’s short term list.
MOBYDOC
July 29, 2013 – 1:40 pm
@Alistair: what is your take on them ?
Alistair
July 29, 2013 – 1:42 pm
@MOBYDOC: no idea – but, obviously Cody is playing them.
eryba1
July 29, 2013 – 1:54 pm
aside from individual names volume is beyond slow its no where to be found
MOBYDOC
July 29, 2013 – 1:59 pm
@Alistair: Cody ranks them pretty high. ? maybe worth a small bet? They seem to have a history of crapping out after earnings in the past.
ebdavids
July 29, 2013 – 2:08 pm
Moby — immediately, or after a pop (if good news)? Do you know them well enough to answer that?
ebdavids
July 29, 2013 – 2:08 pm
The calls were remarkably low-priced in my opinion…but i went in for a loittle of each.
ebdavids
July 29, 2013 – 2:08 pm
*little
MOBYDOC
July 29, 2013 – 2:11 pm
bid on a little of PMCS .. don’t know them well but the PMCS story seems more optimistic to me. guess well find out
ebdavids
July 29, 2013 – 2:12 pm
Indeed. I’m lusting for the next BK play.
drefleury
July 29, 2013 – 2:12 pm
Shorted some MCD today on those strikes… A nyone else do that?
Alistair
July 29, 2013 – 2:13 pm
Not sure I will touch PMCS & SIMO – however I did buy a bunch of DDD calls this morning – they have jumped over 100% today – so I have sold half, so going into ER I am guaranteed to break even if the stock falls – if it goes up I will be well in the black. Nice when it falls that way
MOBYDOC
July 29, 2013 – 2:13 pm
“lust is good ” did I misquote?
ebdavids
July 29, 2013 – 2:13 pm
sounds good to me
ebdavids
July 29, 2013 – 2:15 pm
@anyone and everyone: have i missed it, or has Cody not commented on ZNGA since the ER and new CEO call?
MOBYDOC
July 29, 2013 – 2:15 pm
@Alistair: good call
drefleury
July 29, 2013 – 2:18 pm
I’ve noticed this chat room gets busier when we’re seeing green on the page…
ebdavids
July 29, 2013 – 2:19 pm
. . . or does the fact that he now has it in a “long term social basket” mean he won’t be commenting on it (or other stocks in long-term baskets)as he usually did. Hope not. Eryba1 — do you have any insight into Cody’s attitude on this, or why he hasn’t commented?
eryba1
July 29, 2013 – 2:21 pm
@ebdavids: not sure I asked him myself offline for his take on ZNGA but didnt hear back. long or short term the earnings did not sway me other than no gambling licence for now in USA as a test of sorts in great Britian.
eryba1
July 29, 2013 – 2:21 pm
I know we all just want his take on it either way, I will ask again
eryba1
July 29, 2013 – 2:22 pm
@drefleury: summer is a slow time either way when FB was up 30% the next day chatter on this site did not explode or other
ebdavids
July 29, 2013 – 2:24 pm
Thank you, eryba! (eran? elan?)
drefleury
July 29, 2013 – 2:45 pm
@eryba1: but my calls exploded!
eryba1
July 29, 2013 – 2:46 pm
@drefleury: yes individual names doing their own thing SNDk dropping like a rock after great earnings, FB still headed higher with volume too, aapl doing well I like the chart look for now
Olivepetunia
July 29, 2013 – 3:26 pm
@eryba1 re: SNDK There was a selloff in April that looks superficially very similar to present action. Do you know if this was also reaction to earnings and if there are any other similarities between now and April?
eryba1
July 29, 2013 – 3:27 pm
@Olivepetunia: no this one was as another person mentioned here digi times saying pricing or demand will weaken in Q3-4 vs what SNDK said specifically is a pickup and thus they raised #’s. It was bound to pullback after new all time hi’s at 63-64 now a near 15% haircut
jahmon
July 29, 2013 – 4:49 pm
PMCS misses
eryba1
July 29, 2013 – 5:23 pm
First Solar, Inc. to Announce Second Quarter 2013 Financial Results on Tuesday, August 6, 2013 4:30pm est
msamuels2000
July 29, 2013 – 7:30 pm
SIMO slightly better than estimates and a pretty decent outlook with new SSD controllers ramping nicely. Op margins shwed nice improvement. Maybe a winner here…
chat
July 30, 2013 – 9:42 am
Glad it wasn’t lot but what is the best play after you miss a call like PMCS on the $6 aug calls?
msamuels2000
July 30, 2013 – 10:10 am
SIMO up 7% calls up 50%. How quick do you think Cody will flip these calls?
Johan
July 30, 2013 – 10:11 am
Chat, I am selling that trade… as you said, thabks is wasn’t lot
msamuels2000
July 30, 2013 – 10:24 am
one out of two on the earnings flips – I was luck not to have some of my PMCS buys go thru and all of my SIMO so should be a net win
jahmon
July 30, 2013 – 10:35 am
Cody ranked PMCS higher so I put more into that one so I lost on this one.
jahmon
July 30, 2013 – 10:36 am
SNDK looks like the proverbial falling knife…
msamuels2000
July 30, 2013 – 10:42 am
@jahmon: the bleeding seems to have stopped. maybe the bottom feeders will walk it back up a bit more
ebdavids
July 30, 2013 – 12:28 pm
@msamuels2000: fortunately for some reason I bought more SIMO than PMCS, so I cleared my PMCS, cutting about a third of the SIMO gain. Now fingers crossed for upward momentum or a sign from Cody. I’m totally pitting myself in his hands on this one (‘cept for dumping PMCS ASAP).
ebdavids
July 30, 2013 – 12:29 pm
*putting
Olivepetunia
July 30, 2013 – 12:31 pm
Trimmed some FB Jan 2015 $30
Olivepetunia
July 30, 2013 – 12:32 pm
FB was just>$37.50
ebdavids
July 30, 2013 – 12:35 pm
@Cody – There ya are! Good morning. Interested, of course, in SIMO and PMCS … and, in my case, ZNGA, too. Thanks.
hc2002
July 30, 2013 – 12:52 pm
Following Cody’s lead, trimming FB calls.
Olivepetunia
July 30, 2013 – 12:59 pm
Where did Cody post a trim of FB calls?
hc2002
July 30, 2013 – 1:00 pm
@Olivepetunia: https://tradingwithcody.com/2013/07/26/trades-for-the-week-of-july-22nd-through-july-26th/
Olivepetunia
July 30, 2013 – 1:06 pm
@hc2002 Didn’t realize you meant his lead from 5 days ago.
hc2002
July 30, 2013 – 1:06 pm
@Olivepetunia: I’m a slow mover.
Golfcar101
July 30, 2013 – 1:07 pm
only problem with site very little interaction from cody except for weekly chat
hc2002
July 30, 2013 – 1:09 pm
I have to say before the AAPL decline, this chat was a lot more lively. I guess everyone of us contributed to the decline of chat volume.
arnold
July 30, 2013 – 1:29 pm
Thinking of adding a tranche to LNN. They keep beating every time they report, stock pops, then fades till the next report. Anything I’m overlooking?
arnold
July 30, 2013 – 1:34 pm
PS: Thanks for the SIMO double. By the time I got online yesterday PMCS calls had doubled so I let it slide.
hc2002
July 30, 2013 – 1:37 pm
Interesting read on why the Fed stimulus might actually hold back the economy. The Near-Zero Interest Rate Trap: http://online.wsj.com/article/SB10001424127887324448104578615713874809602.html
ebdavids
July 30, 2013 – 1:45 pm
@Cody: with SIMO having done its thing, would you advise (as you often do) selling half one’s position right now to re-capture the original investment?
Cody
July 30, 2013 – 1:47 pm
Hi all. Yes, I think it’s time to trim the FB calls again, and to take the trade on the SIMO profits and the PMCS loss.
Cody
July 30, 2013 – 1:47 pm
https://tradingwithcody.com/2013/07/30/trade-alert-where-we-are-now-in-the-economic-cycle/
Cody
July 30, 2013 – 1:53 pm
@arnold: Good catch and analysis on the technicals of LNN into earnings. I don’t think there’s anything you’re overlooking. But earnings trades are always gambles.
msamuels2000
July 30, 2013 – 2:10 pm
@Cody: appreciating the discipline you have instilled. Sold half the SIMO for a double. The old msamuels2000 would have let it ride…i AM keeping the PMCS Sept 6s for a bit longer though
skimdt
July 30, 2013 – 2:20 pm
cody, did you sell all your simo call? Your article doesn’t mention what you did with simo.
jahmon
July 30, 2013 – 2:20 pm
Cody, is LNN a takeover candidate?
ebdavids
July 30, 2013 – 2:32 pm
Just for giggles, i checked out how the other ER plays Cody mentioned yesterday fared. As of 2:25ish ET, all are down between 1 and 3 percent with the exception of the don’t-touch-this-it’s-apenny-stock LOOK which was up 3% (but still good advice). SIMO is up almost 13%, PMCS down about 7%. So we know Cody (a) jumped into the high-velocity movers (looking at least at the underlying stocks) and (b)did pretty well if, as he said, you bought at least as much SIMO as PMCS. Nice job, Cody.
ebdavids
July 30, 2013 – 2:32 pm
RVBD, here we come!
msamuels2000
July 30, 2013 – 2:54 pm
@ebdavids: always have been a fan of RVBD…didn’t take any arm twisting to get me in
eryba1
July 30, 2013 – 3:01 pm
nice action continues in AAPL FB GOOG. Endless 17% slide continues every day since earnings for SNDK. I guess digi times is smarter than SNDK exes as it gets further oversold
eryba1
July 30, 2013 – 3:03 pm
I am going to add sndk common here at 54 when it was 63.5 just 8 days ago I was hoping to add under 58 – be careful what U ask for. Using RSI it is the most oversold all year
ebdavids
July 30, 2013 – 3:04 pm
@msamuels2000: did you do a number of different calls over time, per Cody? I’m throwing cuation to the winds and going only for the one close iin.
Vince
July 30, 2013 – 3:04 pm
Seems SNDK will come to rest at the 200 MA, form a triple bottom (4/22, 5/1& ?) and most likely bounce from there.
ebdavids
July 30, 2013 – 3:05 pm
(I’m also throwing decent typing to the winds.)
msamuels2000
July 30, 2013 – 3:06 pm
@ebdavids: yea – I’m not quite dialed in to what strikes to go after…maybe a good ? for the Q&A. I’m in aug 15s, Dec 19s and Jan 20s
eryba1
July 30, 2013 – 3:30 pm
rvbd reports earnings today
ebdavids
July 30, 2013 – 3:57 pm
OK, the adventure begins. It’s off to Yahoo Finance…
eryba1
July 30, 2013 – 4:09 pm
I wanted to wait for rvbd to report as its run up into the report from a recent low of 15.35 to 17.9 today. lets see what earnings and the CC brings out as stock is down to 15.7- 15.9 in the A/H from a 17.54 close
jahmon
July 30, 2013 – 4:35 pm
RVBD down 9%
jahmon
July 30, 2013 – 5:05 pm
Check that. 15%
eryba1
July 30, 2013 – 5:09 pm
@jahmon: no one liking CC call it seems. lets see tomorrows reaction in regular trading hours
msamuels2000
July 30, 2013 – 5:34 pm
@eryba1: down 14% now – the revenue miss wasn’t that bad and the EPS was right on…market must have been looking for a big beat. win some you lose some
jahmon
July 30, 2013 – 8:37 pm
Wow…you guys see this?
jahmon
July 30, 2013 – 8:37 pm
Facebook (FB +6.8%) plans to sell 15 second long TV-type ads on its site for as much as $2.5M per day, reports Bloomberg. Back of the envelope: $2.5M times 365 days equals nearly $1B per year (company earned about $330M on revenue of $1.8B last quarter). Already having a big day in continuation of a massive post-earnings move, the stock is within pennies of its $38 IPO price. Previous: Facebook launches mobile game publishing.
eryba1
July 31, 2013 – 7:37 am
@msamuels2000: down 18% since the close for RVBD.
eryba1
July 31, 2013 – 7:39 am
@jahmon: Nice source of extra funds- Looks like codys 80-100 target can be attained if these sources of revenue keep rolling in and working thats the key. limited ads more focused on each users likes and people responding to them which is happening so the stock and investors r finally responding
msamuels2000
July 31, 2013 – 9:20 am
@eryba1: Just a flesh wound…ok, Aug calls are dead money maybe we can salvage something from Dec and Jan with a better Q3 ER
eryba1
July 31, 2013 – 9:42 am
@msamuels2000: good to hear just a minor hit. FED speaks today, rates are FLYING higher ten year near 2.7% yield.
vmontes
July 31, 2013 – 9:44 am
I’m thinking of buying some AAPL $500 calls dated Jan 2014. Reason is because they are releasing their new products this fall and currently trying to strike a deal with China on distribution. Anyone else agree or disagree that this could be a good or bad play?
eryba1
July 31, 2013 – 9:46 am
@vmontes: I am liking the CHART on amazon possible W bottom next level 480 perhaps. new products is really NEW cool pricing etc good we could see a FIRM W btm in place
eryba1
July 31, 2013 – 9:49 am
looking for FB at its IPO price today levels some resistance as RSI chart WAY WAY overbought ( for a change vs oversold again and again) selling some with cody and looking to add more on apullback
vmontes
July 31, 2013 – 9:49 am
@eryba1: I do like Amazon a lot and they do tend to run up between Aug and Oct but they are close to their 52wk high and that scares me
eryba1
July 31, 2013 – 9:49 am
@vmontes: so take some off whats the issue. trim some FB amzn at these levels and I bot goog as a result as it pulled back on the Fb earnings = competition
eryba1
July 31, 2013 – 9:52 am
that apple china carrier deal is a great sign of HIM working it, stock investors paying attention.
chat
July 31, 2013 – 9:55 am
Is there any small reason to hold these aug 13 rvbd calls instead of cutting the loss today and moving on.
eryba1
July 31, 2013 – 9:55 am
lets see if thers a pullback in the amzn fb and $$ go into laggards GOOG and sndk
vmontes
July 31, 2013 – 9:56 am
@chat: not that I can see stock might even get downgraded but my advice to you would be to wait and see what Cody has to say
chat
July 31, 2013 – 9:58 am
@vmontes: Sounds good thanks,
msamuels2000
July 31, 2013 – 10:08 am
@eryba1: Wow, SNDK green today! First time in a while we can stop buying
eryba1
July 31, 2013 – 10:14 am
@msamuels2000: 1st time in many days- nice to see
jahmon
July 31, 2013 – 11:00 am
I’ve trimmed FB 3 times already…we’ve seen it pull back so many times since IPO…I have 47% profits and I’m taking a lot right here and will load up on a pull back.
eryba1
July 31, 2013 – 11:01 am
@jahmon: sounds great!!
eryba1
July 31, 2013 – 11:05 am
@jahmon: adding some of codys RVBD here
jahmon
July 31, 2013 – 11:06 am
Wasn’t RVBD just an earnings flip?
eryba1
July 31, 2013 – 11:07 am
@jahmon: for cody? I dont recall that vs pmcs was
jahmon
July 31, 2013 – 11:09 am
“I’m putting the same amount of money on RVBD call options today using the same analysis I used in yesterday’s Earnings Report Gamble Flip.” I think it was an earnings report flip
eryba1
July 31, 2013 – 11:09 am
@jahmon: thats didnt recall that
eryba1
July 31, 2013 – 11:26 am
@jahmon: Im trimming some of the winners and getting $$ ready to add to stocks like FB on a pullback. Wish FB 34-35 level on a pullback would be abuy for me to load back up
Cody
July 31, 2013 – 2:34 pm
Meet me for Live Q&A right now at https://tradingwithcody.com/chat
nrmeshram
July 31, 2013 – 3:32 pm
Does LNKD report tonight after the close or Tomorrow 8/1/2013 After the close ?
nimsri
July 31, 2013 – 4:23 pm
How to trade VIX in trading platforms like Scottrade as they don’t allow you to trade VIS
nimsri
July 31, 2013 – 5:48 pm
meant VIX
eryba1
July 31, 2013 – 7:30 pm
NICE NEWS from SNDK A/H stock up nicely as well new dividend, new larger buyback. Lets see reaction tomorrow.
