Here’s the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
JeffDaniel
August 1, 2013 – 12:40 am
Apple-Does anybody have any confidence in this company anymore? It sounds from Codys comments today that he doesn’t.
@JeffDaniel: Yes confidence in new products upcoming. Its very hard to have amazing new product we havent thought of but great i watch, amazing TV glasses sounds looks good as a starting point. This past weekend I was in NYC high line park and it was very buy otherwise I would have stopped the person I saw wearing google glasses which looked amazingly cool with orange small clear cube glass.
eryba1
August 1, 2013 – 8:22 am
Flash memory specialist SanDisk (NASDAQ: SNDK ) is launching a twin-barreled initiative to support its stock price.
eryba1
August 1, 2013 – 8:22 am
seanssocal
August 1, 2013 – 8:27 am
What would that put sandisks speculated target price going forward-
eryba1
August 1, 2013 – 8:28 am
@seanssocal: it surely puts a floor here after the 15% decline on heavy vol on digi times report demand will be weak in Q3 and 4 of this year a 180 from the strong beta and guide higher company reported and stated just 2 weeks ago
seanssocal
August 1, 2013 – 8:31 am
thanks, btw, Cody was initiating some Vix.
seanssocal
August 1, 2013 – 8:34 am
Oops wrong button, anyway in reference to an earlier question from someone NIMSRI, I have picked up some uvxy, would that be advisable?
eryba1
August 1, 2013 – 8:35 am
@seanssocal: u have lots on long exposure to hedge in case of downside moves?
seanssocal
August 1, 2013 – 8:37 am
Yes,it appears some heavy volume occurred yesterday, don’t know what to make of it.
eryba1
August 1, 2013 – 8:37 am
@seanssocal: if u r referring to sndk past few days heavy vol and now we hear sndk has been buying bk shares itself in the open market
seanssocal
August 1, 2013 – 8:38 am
Sorry, heavy volume on uvxy
Olivepetunia
August 1, 2013 – 8:42 am
@eryba1: Do you utilize charts at all? My guess is that SNDK will regain 50 day moving average, say in the next week, and then resume tracking above it. That converts to $60-62 short term.
seanssocal
August 1, 2013 – 8:44 am
Im referring to uvxy,
seanssocal
August 1, 2013 – 8:50 am
@eryba1: Yes, just thoughts, it appears some heavy volume occurred yesterday, Bottoming,shakeout?
msamuels2000
August 1, 2013 – 9:51 am
Anyone thinking its safe to assume FB will hover around its IPO price for a while the weak hands sell at break even? Would selling some out of the money covered calls here be a good play?
eryba1
August 1, 2013 – 10:32 am
@Olivepetunia: more and more I look at charts just to get a feel of things, see direction of stocks support at moving avgs RSI levels
eryba1
August 1, 2013 – 10:33 am
@msamuels2000: yes but could also if we see a market pullback fall to 34-35 level where U want to reload again and same sentiment mentioned by cody yest in chat
eryba1
August 1, 2013 – 10:49 am
from another trader on FB : I’m looking to add to Facebook as it probes $38 resistance again. I believe FB will spike sharply once it shows signs of holding above $38.
eryba1
August 1, 2013 – 11:05 am
Im wathcing FB closely to see if we hold 38 ish and BUST thru 38 to who knows 42-44 or do we have a pullback in market and FB sees 34-35
msamuels2000
August 1, 2013 – 11:14 am
@eryba1: not to thrilled about getting my shares called away. I think I’ll look to add on any weakness
eryba1
August 1, 2013 – 11:20 am
@msamuels2000: I feel the same for now, However being flexible and open to suggestions and seeing how stock reacts.
eryba1
August 1, 2013 – 11:25 am
from that FB trader: i just think this is going to be the go to stock for the hot money. I expect it to move like TSLA and NFLX and not give any easy entry on dips. No targets.
lawrenc338
August 1, 2013 – 11:43 am
Any FLSR trades before earnings next week?
lawrenc338
August 1, 2013 – 11:43 am
FSLR
rzepeda
August 1, 2013 – 11:45 am
Anyone looking at GOGO… recent IPO with poor performance. They allow for WIFI on airplanes… the story sounds good as I think more people will want to be connected in-flight. Any thoughts?
eryba1
August 1, 2013 – 11:51 am
@lawrenc338: none for me here on FSLR want to see #’s and reaction to then stock fell to 41 bounced to 50 and lets see if reaction sees breakout bk to old hi’s or retest of low 40’s
eryba1
August 1, 2013 – 11:52 am
@rzepeda: wifi on plane is interesting, so many think GREAT but its one place U can relax watch movie sleep etc vs texting e-mail work etc and in most cases U need to pay vs free service for now.
Olivepetunia
August 1, 2013 – 11:56 am
re FSLR: Cody’s response to question in yesterday’s chat – “…I’ll be watching SPWR’s report tonight and how the stock trades tomorrow for a better idea as to what we might see from FSLR next week.” SPWR is trading down 8% today.
eryba1
August 1, 2013 – 11:57 am
@Olivepetunia: ok need to look at SPWR did it beat rise into earnings in a BIG way and just a pullback etc
eryba1
August 1, 2013 – 11:58 am
SunPower (SPWR) shares, however, were down 2% in after-hours trading, after it released results, as its revenue guidance for the current quarter fell short. Still, the stock has soared nearly 400% this year.
eryba1
August 1, 2013 – 11:58 am
eryba1
August 1, 2013 – 12:08 pm
@Olivepetunia: so on a 400% move this year in the larger picture the 8% pullback might as well be an 8 TENTHS of a percent pullback.
ybsng
August 1, 2013 – 12:12 pm
Did anyone add on to LNKD?
eryba1
August 1, 2013 – 12:13 pm
@ybsng: I have been trimming
ybsng
August 1, 2013 – 12:16 pm
I see, thought you guys would want to add on since its earnings
eryba1
August 1, 2013 – 12:17 pm
I like SNDk for its report it sold down 15% but yesterdays news may have put a short term btm in it with DIV, share buyback on open market increased buyback program. FB is another name all want into a
eryba1
August 1, 2013 – 12:18 pm
@ybsng: its run in a stair step pattern from 161 to 211.5 today new hi 30% rise it can always pullback. so lets see earnings and reaction to them 1st
ybsng
August 1, 2013 – 12:19 pm
thanks for the insight mate
Olivepetunia
August 1, 2013 – 12:21 pm
@eryba1 True, but SPWR is still down today on the news. There was a similar selloff in May (also earnings related?) that lasted 3 days and reached 24% before stabilizing and several months later moving higher. Does this really give us any idea what to expect from FSLR next week?
eryba1
August 1, 2013 – 12:24 pm
@Olivepetunia: earnings and reaction to them are on a company by company basis. SPWR 400% rise is HUGE!!!!! would LIOVE that in a FB or APPLE this year. lets be patient and see what FSLR reports, if U have a nice gain sell some if a nice sized position in your acct- consider it the insurance on it. if it pulls back on good news U get in at better $ after selling some. if it shoots higher the diff bet what U sold some to where the new higher price is consider that the insurance premium U pay to have safe guarded your position and acct
eryba1
August 1, 2013 – 12:26 pm
interesting so FAR the GLD could easily retest 116 area yet holding 125-127 level. lets watch gold carefully on a possible breakout above 50 day moving avg at 128.7 where it almost breached to upside yesterday at 129+ after the fed
eryba1
August 1, 2013 – 12:30 pm
is CIEN poised for another leg higher?
eryba1
August 1, 2013 – 12:49 pm
will the rise in the ten year bon with yield now approaching 2.7% start to frighten investors and cause a pullback? I have read at 2.75 yield it may do that
eryba1
August 1, 2013 – 3:15 pm
nice action today in SNDk,FB,GOOG,amzn,lnkd cien, CCC
eryba1
August 1, 2013 – 4:30 pm
lnkd looking STRONg after the close up 9+ %
eryba1
August 1, 2013 – 4:34 pm
excuse me 6% A/H 10-11% total with todays regular hrs gains
eryba1
August 1, 2013 – 4:44 pm
EPS beats – $0.38 vs. $0.31 estimate Revenues beat – $364 million vs. $354 million estimate Premium subscription revenue up 68% y/y 238 million members, up 37% y/y 3Q Guidance: Revenue – $367-$373 million vs. $383 million estimate EBITDA – $81-$83 million vs. $88 million FY Guidance: EBITDA – $340-$355 million, up from $330-$345 million, and vs. $363 million consensus
eryba1
August 2, 2013 – 5:52 am
Great article on LNKD performance, guidance and its growth: http://www.reuters.com/article/2013/08/02/linkedin-results-idUSL1N0G228W20130802?feedType=RSS&feedName=rbssAdvertisingMarketing&rpc=43
eryba1
August 2, 2013 – 7:22 am
LinkedIn upgraded at Cantor AUG 02, 2013 | 7:12 AM EDT LNKD was upgraded from Hold to Buy, Cantor Fitzgerald said. $250 price target. Long-term outlook continues to improve.
eryba1
August 2, 2013 – 9:08 am
any comments on the 10% rise in LNKD pre market? trimmers? adding? holding pat?
eryba1
August 2, 2013 – 9:10 am
gold was down 1.5% + before the jobs # and now unch, can it break above 127-128 level at its 50 day moving avg?
eryba1
August 2, 2013 – 10:02 am
nice follow thru so far from SNDk, FB,aapl
eryba1
August 2, 2013 – 10:30 am
FB seems to be breaking above resistance at 38 lets see where its headed?
msamuels2000
August 2, 2013 – 10:31 am
GDX calls starting to look tasty again
eryba1
August 2, 2013 – 10:31 am
@msamuels2000: yes lets see GLD break above 127-128. SNDk lets see if that can get back above its 50 day moving at rt around 60
msamuels2000
August 2, 2013 – 10:33 am
@eryba1: I think SNDK is a lock to break 60
eryba1
August 2, 2013 – 10:34 am
@msamuels2000: lets see based on earnings guidance new buy back div it should but lets see how it handles 50 day avg.
eryba1
August 2, 2013 – 11:20 am
thinking of taking some profits in LNKD and a few others today
cprestileo
August 2, 2013 – 11:22 am
@eryba1: do you see the s&p pulling back from here at all?
eryba1
August 2, 2013 – 11:24 am
@cprestileo: its always possible at new hi,s vix very low but one one of the other indicators I use the http://www.mcoscillator.com/market_breadth_data/ we are not overbought instead basically neutral. What I am looking at is individual stocks and how they have moved like LNKD it rose from 160 to 237 today. even the sndk I had been buying on the way down to 53-54 now at 58-59
eryba1
August 2, 2013 – 11:27 am
@cprestileo: there are many many dip buyers out there underperforming the markets so dips are being bought. We could easily get a shakeout. SO I am just watching individual stocks and deciding for my own portfolio what has run really well to trim some back to have extra ammo to buy if we do pullback on a stock by stock basis
cprestileo
August 2, 2013 – 11:43 am
@eryba1: thanks for that.
eryba1
August 2, 2013 – 11:43 am
i am thinking as i trim some names the QQQ COULD GET TO 79-80 before any meaningful correction
eryba1
August 2, 2013 – 11:47 am
@cprestileo: its ALWAYS wise to have dry gunpowder when we are making new his week after week. Individual stocks fall for many reasons. when a stock is up 20,30,40% in very short order to trim some may feel hard to do but taking a profit never hurt anyone. Stocks usually give U many opportunities to get back in at times we always have to be patient. But never wise to be ALL in ALL the time after such huge runs if U R around to buy dips when they come
cprestileo
August 2, 2013 – 11:56 am
@eryba1: I need to work on my discipline. I’ve had a rough go of it as of late due to positioning for a dip which has yet to come. As of now I am sticking with what I have and waiting for an opportunity – not trying to force anything.
eryba1
August 2, 2013 – 11:59 am
@cprestileo: one lesson I have learned you can not time the dip, markets stay longer going in their direction (up or down) longer than u can stay liquid and SANE! Wait for the dip to emerge before making moves like you are speaking of. In this case there are so mnay dip buyers any real dip may not last long for possible shorts or other to work for long JMHO However we have had some HUGE HITS recently in LNKD, FB,AAPL,CIEN to name a few
Teewilly
August 2, 2013 – 1:14 pm
eryba1: Cody recommends buying physical gold and silver but for me money is in an IRA so is there still some short term 1-2 years saftey in buying the gld or slv?
rkumar
August 2, 2013 – 1:18 pm
aapl fb goog bidu leading mkts higher
eryba1
August 2, 2013 – 1:18 pm
@Teewilly: I have more GLD than physical gold myself. To me for now it more liquid and perhaps safer for me to have an easier more liquid way to invest. The GLD I hope has hit bottom at 116 and is forming some sort of base here at 127-128. if cody will be right and his 6 FIGURE target is attained I think there will be plenty of time to trade out of the GLD if we so wish BEFORE the reasons he outlined could send gold to breathtaking heights and the gld to well unknow territory as physical gold will be coveted while paper gold like the GLD will be shunned!
eryba1
August 2, 2013 – 1:20 pm
@rkumar: really GREAT moves over the past 2-4 weeks in AAPL,CIEN,LNKD,FB, FF, AMZN as cody has said remember these days if when a shakeout does occur to have $$ from sales here trimming to buy weakness
cprestileo
August 2, 2013 – 1:25 pm
@eryba1: I read earlier that you would by FB around the 34-35 level. is that correct? if it doesn’t go down there, at what level above would you add? 42ish?
eryba1
August 2, 2013 – 1:27 pm
@cprestileo: thats correct. I would add at 34-35 on a pullback and yesterday on the advise of another trader I did add Fb around 38 looking for a breakout above it. watching that last buy very closely
eryba1
August 2, 2013 – 1:29 pm
@cprestileo: However if you dont have ANY FB that is a diff story I had bot in the mid 20’s so I did avg up 9 not always wise) but looking to see if that pop does occur if not I will rethink this shortrer term portion of my position
cprestileo
August 2, 2013 – 1:46 pm
@eryba1: I currently don’t hold any. I just figured that 38 is that IPO area and what point would we need to break through in order to get to higher levels.
eryba1
August 2, 2013 – 1:51 pm
@cprestileo: some are thinking 38 is the point of resistance as u clearly stated that was the IPO $. The thinking is for those who think a pop is coming is that the longer it stays at 38 the more readily available (if no meaningful pullback emerges) that money will flow into FB like is had for NFLX and TSLA
eryba1
August 2, 2013 – 1:52 pm
U would need to see HI vol and a breakout of at least to me 38.8-39 with a solid close above those levels. that is the thinking
cprestileo
August 2, 2013 – 2:05 pm
@eryba1: thanks you so much for your input. do you have any opinion on YELP?
eryba1
August 2, 2013 – 2:07 pm
@cprestileo: yes I do. I LOVE the site, use it VERY often along with trip advisor and we saw how both have soared after earnings. I hope apple buys YELP to gain some social content footing. As for buying either lets see if we get a pullback of basing for either.
eryba1
August 2, 2013 – 2:08 pm
thats a pullback OR basing action for either.
cprestileo
August 2, 2013 – 2:25 pm
@eryba1: have a great weekend!
rkumar
August 2, 2013 – 3:01 pm
have a great weekend all—what a rally —here comes aapl—
hc2002
August 2, 2013 – 4:04 pm
What a week. FB close above 38 for the first time since IPO. AAPL behaving well. Have a good weekend everyone!
eryba1
August 2, 2013 – 6:00 pm
@rkumar: @hc2002: STocks are acting quite well lets be prepared or having started to trim some and have dry gun powder just in case. All time hi’s on Avg’s feels great. Hope all your portfolios are at or near hi’s. However lets play some defense by trimming to have some capital for a rainy day. We know when they come they are at times ugly. Do something fun this weekend.
jahmon
August 2, 2013 – 6:37 pm
I aggressively trimmed everything in my portfolio this week. Have a great weekend!
seanssocal
August 2, 2013 – 8:10 pm
Question for you all; what would you all, consider a good equity to cash percentage , in todays current environment? Thanks!
seanssocal
August 2, 2013 – 8:11 pm
BTW, Nice weekend as well to all.
hc2002
August 3, 2013 – 1:38 pm
Barron’s take on current market: http://tinyurl.com/k9hyffr
hc2002
August 3, 2013 – 1:39 pm
Interesting comparison: “Like Marilyn Monroe—voted the century’s sexiest woman by the likes of People and Playboy; zero Oscar nominations—this bull market is more popular than it is respected.”
hc2002
August 3, 2013 – 1:39 pm
“This leaves us with a choice of narratives. Pessimists fear that sentiment has run ahead of economic fundamentals. Optimists still believe that stocks are a predictor of economic prospects, and hope gross domestic product will eventually catch up. The 99-percenters acknowledge that easy money, surging stocks, and dormant wages have benefited Wall Street more than Main Street, and find it hard to fully embrace the rally. And realists argue the bullish trot is swelled by a dearth of compelling alternatives, what with commodities and emerging markets held back by Chinese slack, and bonds squeezed by rising interest rates.”
hc2002
August 3, 2013 – 1:44 pm
My take: Stay flexible. I have slowly but surely trimmed in the past few months. Only opportunistically taking small positions when individual stocks got too low: FB, FFIV, SPF etc…
eryba1
August 5, 2013 – 10:03 am
already 21M shares in FB traded in 30 min from the open lets see if we get a continued pop higher. apple doing well too.
rkumar
August 5, 2013 – 10:28 am
aapl up 5–run continues
eryba1
August 5, 2013 – 10:31 am
@rkumar: very much so for now. Odd thing vix very low, market neutral not over bought or oversold http://www.mcoscillator.com/market_breadth_data/ on this indicator others saying getting frothy lets see how it resolves itself
jakef1111
August 5, 2013 – 11:29 am
@cody whats your thinking on fslr after spwr’s report?
jakef1111
August 5, 2013 – 11:45 am
Anyone have a take on tsla its at 143 really??? Is that gettiing a little ahead of itself???
arnold
August 5, 2013 – 11:49 am
Intel deadline for dividend is today. Good time to buy the dividend? Price is down to 22.86.
eryba1
August 5, 2013 – 11:57 am
@jakef1111: a lot ahead of itself but a cult stock has no bounds and last week GS or other put a150 target on it
eryba1
August 5, 2013 – 11:58 am
@arnold: cody really likes INTC its taken a 10-15% haircut and likes the dic and potential of the company
pekfrench
August 5, 2013 – 12:06 pm
Hi eryba1, do you have any idea what kind of options Cody is buying in fio? Time and strikes? Any input would be much appreciated. Thanks!
vmontes
August 5, 2013 – 12:06 pm
jakef1111: I was thinking about buying some puts tomorrow. I have a feeling it will be up tomorrow also. If earnings on Wed is not anything but stellar I think the stock will take a hit.
Cody
August 5, 2013 – 12:07 pm
Sorry for not putitng the details ofthe FIO trade in there.
eryba1
August 5, 2013 – 12:07 pm
@pekfrench: I am not sure myself he did not specify in todays e-mail. I gave up on the forever down trending stock
vmontes
August 5, 2013 – 12:08 pm
Cody any thoughts on Nuance?
Cody
August 5, 2013 – 12:08 pm
I’m buying the FIO August $13 and $14 strike call options.
Cody
August 5, 2013 – 12:09 pm
@vmontes: I lost faith in Nuance’s management’s ability to create value for shareholders.
vmontes
August 5, 2013 – 12:09 pm
I agree, thanks for the feedback Cody!
jakef1111
August 5, 2013 – 12:17 pm
@Cody: any fslr play on er tonight? Im thinkin of buying some dec tsla puts below 100 good risk reward?
Olivepetunia
August 5, 2013 – 12:45 pm
@arnold INTC trades xdiv today – that is part of the “decline”. You needed to buy Friday to capture div.
jahmon
August 5, 2013 – 1:04 pm
XIDEQ up 16% BTW…
eryba1
August 5, 2013 – 1:05 pm
taking codys cue and trimming more of Fb as well as AAPL here
jahmon
August 5, 2013 – 1:09 pm
What’s the consensus on FSLR? SPWR dropped on earnings…I
jahmon
August 5, 2013 – 1:10 pm
I only up about 8% and deciding whether to trim before earnings or let it ride. I think Cody said he was going to comment after SPWR earnings
jakef1111
August 5, 2013 – 1:17 pm
@jahmon: im thinkin fslr should do well they have a lot of exposure to solar farms stock chart looks pretty good as well
jahmon
August 5, 2013 – 1:30 pm
Thanks jakef1111
Olivepetunia
August 5, 2013 – 1:48 pm
Interesting spec on SPEX. up over $24 a few moments ago…. but where do you find the shares to short?
alxvin
August 5, 2013 – 1:51 pm
is anyone still holding onto XIDEQ? it is up above 17 this morning
jahmon
August 5, 2013 – 4:07 pm
XIDEQ up 47
jahmon
August 5, 2013 – 4:07 pm
percent
eryba1
August 5, 2013 – 4:13 pm
vix uinder 12
jakef1111
August 6, 2013 – 9:46 am
@eryba1: check out quan look at the ten year chart is my screen broken haha
jakef1111
August 6, 2013 – 9:50 am
@eryba1: i was watching a commercial for burger place and at the end it said like us on facebook for great deals…. If you can get your customers to do advertising for you thats pretty good
eryba1
August 6, 2013 – 12:13 pm
@jakef1111: what about the 10 yr?
eryba1
August 6, 2013 – 12:13 pm
@jakef1111: most adds if not spoke show the FB and twitter logo at the end for people to know to go there and use / see
Cody
August 6, 2013 – 12:25 pm
@jakef1111: My wife made that same point the other night when a commercial finished by saying “Find us on Facebook and Twitter”. Free marketing on every TV show and commercial these days. And website.
jahmon
August 6, 2013 – 12:26 pm
GDX taking a beating today
jahmon
August 6, 2013 – 12:27 pm
Also, Cody I think you were going to comment on SPWR earnings and what to expect from FSLR today, can you?
Cody
August 6, 2013 – 12:27 pm
@jahmon: Yeah, that’s why we trimmed our calls to lock in profits when it was higher. Probably just going to let my remaining GDX calls ride and not buy any back for now.
jahmon
August 6, 2013 – 12:27 pm
Thanks on GDX thoughts
jahmon
August 6, 2013 – 12:28 pm
would you do the same for GDX common?
Cody
August 6, 2013 – 12:28 pm
@jahmon: I just think it’s time to chill on GDX until we get some movement in gold.
randyr1
August 6, 2013 – 12:29 pm
Cody,
randyr1
August 6, 2013 – 12:30 pm
What are your thoughts on LPS going into earnings?
jahmon
August 6, 2013 – 12:30 pm
k, thanks
Cody
August 6, 2013 – 12:31 pm
@randyr1: The banks and mortgage related companies are rocking this quarter and I’d be leery of doing anything with the LPS before the report.
jahmon
August 6, 2013 – 1:51 pm
Thanks for the portfolio post, Cody. I have been aggressively trimming my winners and am up to 19% in cash which looks right in line with your recommendation.
rkumar
August 6, 2013 – 2:12 pm
finally pullback has started
fled
August 6, 2013 – 2:17 pm
I have been adding more physical silver and gold. I lean more to silver, just wonder what others think.
Vince
August 6, 2013 – 2:33 pm
feld – what is the symbol for the silver you’re holding – SLV?
Vince
August 6, 2013 – 2:34 pm
i meant to say ‘fled’, not feld…sorry!
fled
August 6, 2013 – 2:34 pm
No symbol, physical silver in my hand. no problem, typo
Vince
August 6, 2013 – 2:35 pm
@fled ok – thanks!
jakef1111
August 6, 2013 – 2:43 pm
@eryba1: it was a mistake on quan chart but it showd it at 600k per share
eryba1
August 6, 2013 – 2:43 pm
@jakef1111: ok tech error.
msamuels2000
August 6, 2013 – 3:20 pm
GDX taking a beating on the perception that the Fed will begin tapering QE infinity – I wonder if Cody is looking at those Jan 2014 calls again. With the terrible job numbers and mid term elections coming I can’t see a tapering
seanssocal
August 6, 2013 – 3:48 pm
@Cody: Rock on Buddy, Thanks for the opportunity to tag along, Dig your candor,
msamuels2000
August 6, 2013 – 5:25 pm
oops I should have read up a few posts – well I wet my beak with some more GDX jan 25s. Lots of red today
eryba1
August 6, 2013 – 5:54 pm
FSLR down about 8% A/H to $43- http://www.reuters.com/article/2013/08/06/results-firstsolar-idUSL4N0G747Q20130806?feedType=RSS&feedName=rbssEnergyNews&rpc=43
jahmon
August 6, 2013 – 6:13 pm
Yep…stumbled…hindsight is 20/20
msamuels2000
August 6, 2013 – 6:13 pm
@eryba1: bad miss and not much better guidance
eryba1
August 7, 2013 – 8:26 am
@msamuels2000: those few projects seemed to have hurt them. Lets see if the stock stabilizes here at 41-42 handle where it found support last time when it fell from 56.
eryba1
August 7, 2013 – 8:42 am
First Solar numbers cut at UBS AUG 07, 2013 | 8:09 AM EDT FSLR estimates were reduced as 2 projects were pushed out to 2014, said UBS. Price target goes to $48.
eryba1
August 7, 2013 – 8:49 am
Facebook – Morgan Stanley raised its target price on the social-networking giant to $45 a share from $37 a share.
rkumar
August 7, 2013 – 9:29 am
fnsr strong revenues–we have growth
jakef1111
August 7, 2013 – 9:36 am
Fnsr did real well on er… Seems like cien jdsu fnsr are in the right niche right now
MikeM
August 7, 2013 – 9:47 am
Based on Cody’s recent thoughts on SPEX, did any of you trade that stock? Are there shares to short?
eryba1
August 7, 2013 – 9:48 am
@jakef1111: 100% correct 5% move higher on cien so far today strong start. Lets see how the very SLOW days of aug play out..
eryba1
August 7, 2013 – 9:49 am
@MikeM: I did not. I am looking to buy the leaders on pullbacks such as CIEN,FB,LNKD, to name afew
rkumar
August 7, 2013 – 9:49 am
guys any opinion on ffiv tdc vmw??
rkumar
August 7, 2013 – 9:50 am
some stock s feel like they are ready to be back in early stages of 1999
MikeM
August 7, 2013 – 9:51 am
@eryba1: 10-4. SPEX is obviously very volatile right now
eryba1
August 7, 2013 – 9:52 am
@rkumar: that is the thinking behinds codys assertions that stocks will ramp as the fed starts to tighten and search for yield is further desired until in my opinion rates get to 4-7% and start to compete with stocks
rkumar
August 7, 2013 – 9:53 am
anything showing mobile revenue growth is going to rip
eryba1
August 7, 2013 – 9:53 am
@MikeM: everyone has a diff mindset. I am protecting my acct at these lofty levels having trimmed some in many names. I rather wait for pitches to swing at to buy back those shares
eryba1
August 7, 2013 – 9:55 am
using this one indicator: http://www.mcoscillator.com/market_breadth_data/ when we cluster in the negative territory we are in a downtrend so we are there now so be cautious in individual names even though for now certain stocks acting VERY WELL like goog, aapl, sndk,lnkd,cien etc
eryba1
August 7, 2013 – 9:55 am
ccc as well
jahmon
August 7, 2013 – 10:12 am
Murphy’s law…FSLR was the only stock I didn’t aggressively trim…we asked Cody to comment before earnings many times but he never did…
eryba1
August 7, 2013 – 10:14 am
@jahmon: I hope his comments positive or negative should not sway you. At the end these are your accts if U R up nicely into earnings and have seen other stocks react trim some. If it falls U can buy back more if it pops you are still in a good position holding some
jpsr1975
August 7, 2013 – 10:14 am
Someone buying FSLR at these levels?
eryba1
August 7, 2013 – 10:15 am
@jpsr1975: let it stabilize first a bit.
jpsr1975
August 7, 2013 – 10:16 am
@eryba1: What do u think about the potash producers…POT, MOS, SQM?
eryba1
August 7, 2013 – 10:16 am
@jpsr1975: hadnt been involved in those names in years
ebdavids
August 7, 2013 – 10:25 am
I’m seeing an empty chat file (but lots of people signed in). Is that just me?
eryba1
August 7, 2013 – 10:25 am
@ebdavids: refresh
ebdavids
August 7, 2013 – 10:30 am
Done. Re-booted phone, actually.
ebdavids
August 7, 2013 – 10:35 am
any answer on the spex Q? I’ve been unable to find shares to short? Cody didn’t report in that — would rather not wait for the purchase report at the end of the week.
ebdavids
August 7, 2013 – 10:38 am
Any answer on the SPEX question? I’ve been unable to find any to short…
eryba1
August 7, 2013 – 10:45 am
@ebdavids: not looking at that trade myself so did not see if shares were found to short.
Olivepetunia
August 7, 2013 – 10:56 am
Thought about SPEX but also could not find any shares to short. Cody wrote: “a very low-float, illiquid trade on a penny stock” If there are none to short then who has them?? All in the hands of manipulators??
rkumar
August 7, 2013 – 11:02 am
mkt is bottoming for day
rkumar
August 7, 2013 – 11:02 am
we might rally
eryba1
August 7, 2013 – 11:31 am
gold seemed to have reluctantly fallen, today a little pop so far into the green from its lows GLD 123.85 now 124.38. lets watch needs to cross above over head resistance in its 50 day moving avg at 127.5 range
badrook
August 7, 2013 – 11:40 am
How to change billing credit card on this website
badrook
August 7, 2013 – 11:40 am
for billing
eryba1
August 7, 2013 – 11:51 am
top rt under your image or user name edit profile I believe
eryba1
August 7, 2013 – 11:57 am
‘FSLR HEAVY vol 14-15% decline no stability yet
carl
August 7, 2013 – 12:00 pm
@cody Is fslr a buy now?
Olivepetunia
August 7, 2013 – 12:07 pm
LNN off as well; near bottom of trading range, but vol not heavy.
vmontes
August 7, 2013 – 12:09 pm
Does anyone think TSLA is going to move more than 10% after today’s earnings report?
eryba1
August 7, 2013 – 12:12 pm
@vmontes: people are already selling in anticipation down near 6% how the market reacts in a sell the news or buy the news on this cult stock is the million dollar questions its had a HUGE HUGE RUN
vmontes
August 7, 2013 – 1:06 pm
eryba1: Thanks for the feedback. I’m thinking of doing a strangle on it with Aug options bc I have a feeling it’s going to pop either way.
eryba1
August 7, 2013 – 1:20 pm
S&P 1680 has held so far today low just 1684.91 so I adding some common long in SNDK, CIEN and some FB today
Olivepetunia
August 7, 2013 – 1:35 pm
@vmontes TSLA is an interesting idea; what strike are you thinking of using?
vmontes
August 7, 2013 – 1:36 pm
@Olivepetunia Put=$120, Call=$150, Aug 17 Exp.
Olivepetunia
August 7, 2013 – 1:37 pm
@ Cody – were you able to find any SPEX shares to short? If so, where?
Olivepetunia
August 7, 2013 – 1:43 pm
@vmontes If er is today why not Aug 9 exp.?
vmontes
August 7, 2013 – 1:46 pm
@Olivepetunia Last time it took the stock 5 days after earnings to reach -12%. I think I’m going to buy some Aug 9 exp also. Which strike prices are you thinking of buying?
Cody
August 7, 2013 – 1:48 pm
@Olivepetunia: No, coudln’t get any SPEX to borrow. Too bad. Still is a great short.
vmontes
August 7, 2013 – 1:49 pm
Cody good call to stay away from Nuance!!
Cody
August 7, 2013 – 1:50 pm
Come meet me for this week’s Live Q&A Chat right now at https://tradingwithcody.com/chat
Olivepetunia
August 7, 2013 – 2:11 pm
@vmontes It seems that as you get further from the current stock price the cost is lower but the move required to be profitable is greater. Market seems to be softening generally; post earning season where any disappointment is punished. In the end I’m inclined to agree with Cody and go with straight puts to keep cost down. We’ll see how it plays.
eryba1
August 7, 2013 – 4:04 pm
tsla reports profit stock up 10% so far: http://blogs.barrons.com/stockstowatchtoday/2013/08/07/tesla-soars-on-surprise-q2-profit/?mod=yahoobarrons
jahmon
August 7, 2013 – 4:08 pm
FIO crashing and burning…man…another earnings gamble miss…
eryba1
August 7, 2013 – 4:10 pm
@jahmon: FIO- down trending stock for a reason. vs a TSLA up trending and continuing to do so
jahmon
August 7, 2013 – 4:15 pm
Just thought Cody might hit on RVBD or FIO
nrmeshram
August 7, 2013 – 4:19 pm
Another cody flop. !!! FIO missed by a huge margin -15% . TSLA gaped higher 10%.
fly fishin
August 7, 2013 – 4:25 pm
The flops are hurting the portfolio
eryba1
August 7, 2013 – 4:34 pm
@fly fishin: so dont BET on these down trending stocks to finally POP.
eryba1
August 7, 2013 – 4:35 pm
And if U wnat to gamble on earnings do it with little risk to the portfolio. Codys picks as of june have been outperforming and have really righted the ship in his lagging tech common long portfolio. With LNKD, CIEN, FB,FF,CCC,sndk,amzn, apple and gooog a bit one should be if diversified at new his
jahmon
August 7, 2013 – 4:52 pm
eryba1 – I think the reason we are betting on them is because Cody is and we are paying for his advice as to what to invest in from his expertise…right?
eryba1
August 7, 2013 – 4:54 pm
@jahmon: yes but bet small these are badly acting looking stocks and charts for a reason. Yes what we are paying for and if we listened those stocks I mentioned should be handsomley rewarding us
JeffDaniel
August 7, 2013 – 6:49 pm
Anybody have an opinion on Apple? I see a slow melt up to $499ish. If no lines for new phone then back to $420. I do see a strong possibility of $560 by year end.
hc2002-
August 7, 2013 – 7:06 pm
@JeffDaniel: same thinking here. Melt up during the run up of new product. I see trip back to low 400 regardless. New phone could be a disappointment. People always get disappointed by their new phones, until sales numbers pouring in.
