Here’s the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
eryba1
September 12, 2013 – 5:49 am
@Olivepetunia: The Zuckerberg interview is today: http://techcrunch.com/2013/09/11/facebook-closes-at-all-time-high-of-45-05-before-zuckerbergs-disrupt-interview/
eryba1
September 12, 2013 – 5:51 am
@jahmon: At this point the market wants REAL GROWTH from its apple and that will ONLY come from new WOW products. The iphone 5S is cool maybe the 5C will go into the hands of many kids at 99 start price and cool cover color combos to go with phone. At a PE of 7-8 again it is a NO BRAINER but investors can be BRAIN DEAD for a long time not caring or needing to drive apple’s stock price higher until they see a reason to. Ichan is not enough
Olivepetunia
September 12, 2013 – 8:30 am
@eryba1: Don’t you mean yesterday? Article says “…interviewed by TechCrunch founder Michael Arrington onstage at TechCrunch Disrupt this afternoon” but the article is dated yesterday, Sept 11.
Olivepetunia
September 12, 2013 – 8:32 am
@eryba1: And FB looks to open up again today if the premarket is any indication.
eryba1
September 12, 2013 – 8:41 am
@Olivepetunia: Ill look again I thought I saw the interview is today. yes FB looking higher at the open today
eryba1
September 12, 2013 – 8:53 am
Facebook numbers raised at JP Morgan SEP 12, 2013 | 8:19 AM EDT Shares of FB now seen reaching $53, JP Morgan said. Estimates also increased on strong advertising traction that is expected to build into 2014. Overweight rating. FBBullish Facebook estimates upped at Wells SEP 12, 2013 | 8:21 AM EDT FB estimates were boosted through 2014, Wells Fargo said. Company should see better marketer adoption. Outperform rating.
eryba1
September 12, 2013 – 8:53 am
LinkedIn estimates raised at Citi SEP 12, 2013 | 7:52 AM EDT LNKD earnings estimates for 2014 were raised upon review of the company’s marketing solutions segment, said Citigroup.
eryba1
September 12, 2013 – 9:07 am
@Olivepetunia: cnbc zuckerberg interview YESTERDAY at tech crunch segment on now
eryba1
September 12, 2013 – 9:19 am
Zynga Raised to Equalweight From Underweight by Evercore.
eryba1
September 12, 2013 – 9:25 am
Ichan bought more apple on yest 6% drop: http://www.forbes.com/sites/steveschaefer/2013/09/11/icahns-best-idea-buy-the-iphone-dip-in-apple/
888
September 12, 2013 – 9:26 am
@eryba1: would you buy apple at these levels?
eryba1
September 12, 2013 – 9:27 am
@888: I did yesterday. I trimmed at 506 on monday and bought yesterday
888
September 12, 2013 – 9:28 am
@eryba1: do you mind disclosing apple as a proportion of your portfolio?
eryba1
September 12, 2013 – 9:28 am
@888: 12%
eryba1
September 12, 2013 – 9:28 am
after the buy yesterday
888
September 12, 2013 – 9:29 am
@eryba1: so when u trimmed @ 506 how much did u trim?
eryba1
September 12, 2013 – 9:29 am
@888: A few % points worth
888
September 12, 2013 – 9:30 am
@eryba1: thanks.. I am thinking of entering today but I do already have quite a bit of apple holdiings
eryba1
September 12, 2013 – 9:31 am
@888: I did say I was hoping for a pullback after I sold positions monday, With germany elections in Sept, Greece news in trouble again, Syria not off the table strikes etc and portfolios doing very well prudent to take some off and just wait
888
September 12, 2013 – 9:32 am
@eryba1: ok i will monitor and hold off for now.. thanks for the heads up
eryba1
September 12, 2013 – 9:32 am
@888: If U have not trimmed higher wait no rush dont make aaple or any stock too height a % of the portfolio. Especially in a stock like apple that NEEDS WOW news, product iwatch, china mobile deal etc
eryba1
September 12, 2013 – 9:32 am
@888: Much diff that buying a pullback in a better acting / performing stocks like CIEN, LNKD,FB,.
888
September 12, 2013 – 9:33 am
@eryba1: I have no CIEN holding right now.. do u see this as a good level to enter or do you think the I should hold off for now and wait for a further pull back?
eryba1
September 12, 2013 – 9:34 am
I also want to add to my GLD below 130 today 128.4 which I trimmed at 136.9
eryba1
September 12, 2013 – 9:35 am
ZNGA up 4% on that upgrade
eryba1
September 12, 2013 – 9:42 am
@888: WAIt- I have NONE? that was a GREAT GREAT buy teens 20 22. so now U must wait
eryba1
September 12, 2013 – 9:55 am
@888: thats U have none? 3 quarter of beat and guide higher. Must wait now. its bee a GREAT cody pick and buy
eryba1
September 12, 2013 – 10:02 am
GREAT GREAT AD / short film By chipolte produced by academy award winning film house on our food supply and their goal to change things- http://www.youtube.com/watch?v=lUtnas5ScSE
eryba1
September 12, 2013 – 10:11 am
adding GLD here
Olivepetunia
September 12, 2013 – 10:51 am
@Nels: Followed you with a small position in Sept 21 $13s. Order in for some more below current market bid unlikely to fill unless FIO spikes intraday. Anything possible, especially over weekend.
eryba1
September 12, 2013 – 10:55 am
anyone trimming adding other?
Strange-Currencies
September 12, 2013 – 11:01 am
Sold my entire XONE position (stop-loss triggered), for an annualized return of ~ 160%.
Olivepetunia
September 12, 2013 – 11:02 am
Added small pos VIX Oct 17s
Strange-Currencies
September 12, 2013 – 11:02 am
Also, shorted gold vs. the US dollar yesterday.
eryba1
September 12, 2013 – 11:07 am
interesting moved and VERY timely as on XONE down near 7% today not sure why I dont own it myself so didnl look to see news perhaps,
Strange-Currencies
September 12, 2013 – 11:08 am
The entire sector (DDD, SSYS, XONE) has been somewhat soft lately, with ProtoLabs (PRL
being one of the few exceptions.
Alistair
September 12, 2013 – 11:09 am
@eryba1: XONE has a further share offering that will effectively dilute the value of the shares – I off loaded my XONE shares this morning.
Strange-Currencies
September 12, 2013 – 11:09 am
Wow! Funny how, instead of “b”, a smiley in shades came out…
Strange-Currencies
September 12, 2013 – 11:10 am
@Alistair: I do plan to get back into XONE eventually though, when the dust settles a bit.
eryba1
September 12, 2013 – 11:11 am
@Strange-Currencies: dust still coming up down near 9% so far
Alistair
September 12, 2013 – 11:12 am
I am still long in SSYS and about to go long in DDD (maybe tomorrow) – I see ‘3 d printing’ as potentially the biggest growth area over the next 10 years – there will be some big up and down swings along the way.
Strange-Currencies
September 12, 2013 – 11:12 am
@eryba1: In no rush here. Want to have significant exposure to the sector eventually, but it has probably gotten ahead of itself for now.
Strange-Currencies
September 12, 2013 – 11:13 am
@Alistair: Same here. Still have DDD and ProtoLabs in the portfolio.
Nels
September 12, 2013 – 11:15 am
@olivepetunia – yeah, we’ll see how FIO turns out. A hunch, but I think that no news on buyout, or a delay on new of buyout, will create a stampede on those that popped it up so quickly. Plus, I also started a small VIX Oct put position.
Alistair
September 12, 2013 – 11:16 am
@Strange-Currencies: @eryba1: XONE down is a correction due to dilution caused by the latest proposed share issue – no real surprise – as well as selling my stock I missed an oppotunity for a short-term short trade.
Olivepetunia
September 12, 2013 – 11:21 am
@Nels: VIX Oct puts?? I did calls; did I go the wrong way?? I thought the expectation was for volatility to increase.
Alistair
September 12, 2013 – 11:22 am
@Nels: @olivepetunia: I have opened up a small short position on FIO – $13 Dec puts at $1.50 per contract
Olivepetunia
September 12, 2013 – 11:23 am
@Alistair: short puts….or short position by buying, i.e., long puts?
Alistair
September 12, 2013 – 11:25 am
@Olivepetunia: FIO – $13 Dec puts at $1.50 per contract – that is a short position on FIO i.e I am betting that price will fall back to maybe around $12.50 or less by December
Olivepetunia
September 12, 2013 – 11:28 am
@Alistair: So you bot the puts.
Nels
September 12, 2013 – 12:14 pm
@olivepetunia – Yes typo on my behalf, I bought Oct VIX CALLS (expecting a volatility increase – usually portending market selling off)
jahmon
September 12, 2013 – 1:05 pm
Cody per ur apple calls oct 4, 11 or 19?
Olivepetunia
September 12, 2013 – 1:33 pm
@Nels: Go Congress!
blueislandbike
September 12, 2013 – 1:39 pm
Cody per ur GDX calls, r u covering or buying new?
Cody
September 12, 2013 – 2:01 pm
LEt’s meet right now for this week’s LIVE Q&A CHAT at https://tradingwithcody.com/chat.
Cody
September 12, 2013 – 2:01 pm
@blueislandbike: I’ll answer your question in there.
eryba1
September 12, 2013 – 3:31 pm
there a beat down going on in the metals markets silver copper gold
jjss
September 12, 2013 – 3:37 pm
I just wanted to thank you eryba1 for your comment appox two weeks ago that it was a good time to get into sndk goog fslr intc; i am up quite nicely on those!
jjss
September 12, 2013 – 3:38 pm
A suggestion for future weekly chat sessions: is there any way Cody’s replies could include the original question? I get a bit confused! Thanks!
eryba1
September 12, 2013 – 3:40 pm
@jjss: turned out S&P 1625-30 was a great buy for cien and many others. As for cody to reply with the question I guess but the actual character limitation may not permit the full question and answer in one reply entry. The day of the weekly chat we get a Q&A email with Q then A in it if that helps
Olivepetunia
September 12, 2013 – 3:40 pm
@jjss: Wait to read the “cleaned up” transcript sent by email at the end of the day
ebdavids
September 12, 2013 – 4:48 pm
@Bill: a middle-ground solution to the problem raised by jjss — I’ve had the same problem sometime — is that at a minimum Cody mentions to symbol of the company he’s talking about. Sometimes he launches into an answer without doing that…
JSmith
September 12, 2013 – 6:03 pm
jahmon
September 12, 2013 – 7:01 pm
Twitter filed for IPO…Cody going to be all over that?
JSmith
September 13, 2013 – 9:34 am
So is this like last year all over again w/Apple? Like after the 5 came out. In that downgrades flow in, media is all negative, talking about supply constraints, etc. But back then, the stock was at an all time high. Starting to feel like deja vu here. Is this fall/winter/spring going to be the same (except we are not at a high now), with the stock constantly taking beatings and only going lower?
eryba1
September 13, 2013 – 9:45 am
@JSmith: Apple must release Iwatch and china mobile deal. I may upgrade my familys 3 iphones. Gazelle.com offered me 800+ for all 3 phones. So to buy the new devices + new phone charge etc may cost me 700 so I make 100 or so on the deal.
eryba1
September 13, 2013 – 10:00 am
sndk and CIEN still rolling higher. Is the correction in the metals over? too soon to tell.
JSmith
September 13, 2013 – 10:08 am
@eryba1: I plan to get 2 5Ss. Every little bit adds up.
eryba1
September 13, 2013 – 10:11 am
@JSmith: Nice!! at first I wasnt planning upon it as nothing really WOW ENOUGH about it. I like fingerprint scanner vs passcode 50-100 times a day, buying with fingerprint scanner as well vs CC, I want bigger screen and colors, faster and 7-10 HR battery life. So until I checked out gazelle.com and saw I could come out even or up a bit by upgrading I wasn’t interested but if it will help the stock and me at the same time then why not
JSmith
September 13, 2013 – 10:27 am
@eryba1: true. Plus you get hands on to see how the company spent its last year to see/learn improvements for yourself vs reading someones opinion. You would think the touch ID has a lot of potential uses down the road. I don’t blame them for taking baby steps as those other uses expand. Putting it on the phone is the first step, and other applications can follow w/ software updates and consumer desire. Just like the price of the 5C. You can always lower it to drive demand, but you can never increase it. Like the article said, if they came in with a low price, the would simply run out/cannibalize the 5S and destroy margins. Either way, people/analyst would be screaming SALE!
eryba1
September 13, 2013 – 10:30 am
@JSmith: I personally think the price on the 5C is GREAT stars at 99 bucks! I mean how can U go wrong with that for an iphone. Great hardware amazing software, Itunes eco system. Yes I will have the device myself and see how great or not it works feels etc vs seeing others opinons
JSmith
September 13, 2013 – 10:35 am
@eryba1: And my question, is what is WOW ENOUGH with smart phones these days? What will be considered innovative and give that sense of WOW? Seems to me, smart phones have reached a point where not much will WOW anyone. Talking about bigger sizes, etc is not innovation – just preferences people have. Touch ID is innovation and the chip for fitness type applications. I just don’t see the next step in phones to WOW people. It isn’t better cameras. Battery that will last a week? A phone that reads your thoughts? What is it?
JSmith
September 13, 2013 – 10:40 am
I do think Apple should have a larger Iphone too to satisfy those who want something that doesn’t fit in your pocket.
eryba1
September 13, 2013 – 10:41 am
@JSmith: U make a very valid point. We want a Mini ipad Mini in our pocket 5-6″ 10 hr battery. Feel screen where U can feel the texture of items U R looking at on the screen, using phones with technology in it vs taking out wallet or CC to pay for items at check out in stores restaurants, In time face time will be hologram time perhaps
arnold
September 13, 2013 – 10:42 am
@eryba1: the price of the iPhone 5c is actually $549. The $99 price is the subsidized price for when you buy a contract with a carrier like AT&T. The pricing of the iphone 5c was a huge blunder because in the emerging markets like China and Southeast Asia, they don’t buy phones with subsidized contracts and therefore will pay the whole price. People in China wanting the iPhone 5c will end up paying over $700 for it. Alternatively, they can buy an Android device for just over $300 – half as expensive.
arnold
September 13, 2013 – 10:44 am
Cook and Apple just locked 2 billion people out of the IOS ecosystem because they over priced the iPhone 5c. This was a huge blunder – its 1993 all over again for Apple!
JSmith
September 13, 2013 – 10:44 am
arnold
September 13, 2013 – 10:44 am
Read this: http://seekingalpha.com/article/1692232-apples-huge-ecosystem-blunder?source=yahoo
JSmith
September 13, 2013 – 10:44 am
Arnold, read this
eryba1
September 13, 2013 – 10:50 am
@arnold: I am speaking to ATT about their upgrade program and see what we can agree upon. As for $99 being a contract price that is I figure the china mobile deal holdup and huge delay for years $$ as usual
JSmith
September 13, 2013 – 10:55 am
@eryba1: Just make the mini a phone too. The hardware is already there to use the Iphone as a wallet. I have seen 2 restaurants actually using IPads only as cash registers which was cool. I just don’t see holograms/texture/smell as something going to happen for years. 3D screens on mobile devices? Just don’t see the utility. People keep complaining about lack of innovation on phones, but expectations are too high and it is too easy to say without those same people saying what they were actually expecting. In the early stages, excitement and expectations just grew too much, because leaps were being made every year. Those expectations just need to face reality as leaps become small steps.
arnold
September 13, 2013 – 11:09 am
@JSmith: I read the article. He’s basically saying that Apple won’t be able to supply the initial demand anyway so why not charge more for now then they can lower the price later. Ok, if that’s their strategy then fine. My point is the emerging markets is where all the growth is and selling a smartphone for double what Android phones cost will prevent a lot of people from buying an iPhone. The idea is to lock half the world into the IOS ecosystem. Imagine the growth then in phones, iPads, and wearable computing devices. Apple priced itself “elitlely” in the early 90’s and was subsequently killed by Microsoft who made computers inexpensive for the masses. They will do the same here if they keep their phones double the price of an Android in emerging markets.
ebdavids
September 13, 2013 – 1:36 pm
@eryba1 and @all: I’m trying to remember who was discussing buying FIO September puts hoping the recent pop would settle. Part of Cody’s answer was yeah, maybe an interesting idea (but be prepared to lose all) and maybe common would crater if another earnings disappointment. My question: why September puts if next ER is October 21? Was it Jahmon?(not here today). Thoughts, Elan?
ebdavids
September 13, 2013 – 1:37 pm
(The discussion i’m referring to was in yesterday’s Q&A, but names are removed at this point.)
eryba1
September 13, 2013 – 1:38 pm
@ebdavids: not me- i dont want to touch fio. its not on my screen. i am not interested in serial losers. I lost Plenty in FIO not a dime more!!
ebdavids
September 13, 2013 – 1:38 pm
I hear you. Kinda like me (foolishly, i know) with FB.
seanssocal
September 13, 2013 – 1:52 pm
@eryba1: Is there anything more to the sell off in ssys, 3d printers, than the offering dilution fears, and possibly some profit taking, or has anyone heard something more, just surprised. Should we be looking at adding, or keep it dry, Am I missing or missed something, not to change the subject!, Also, the metals are looking ripe, if we can get some settling.
JSmith
September 13, 2013 – 2:11 pm
@arnold: Yeah, it is a balancing act..but without knowing what is happening behind the scenes (supply ramp up , etc), it is hard to second guess Apple. I am sure they put a lot of thought and time into their strategy. If you just start selling cheap phones, then you are never going back to high margins. You might sell a lot but will not make much on the phones. Both articles have great points, and it is a damned if you do/damned if you don’t scenerio. Time will tell what they have up their sleeves and if they made a strategic mistake not to appeal to the less affluent in developing countries. As someone mentioned, in China, it would nice to get the mobile companies to pick up some of the Iphone cost for consumers through contracts.
eryba1
September 13, 2013 – 2:11 pm
NICE moves in INTC today up 3% heavy vol on an upgrade. CIEN continues to run higher. sndk doing well
eryba1
September 13, 2013 – 2:38 pm
FF ramping higher- the stock has been acting and performing VERY VERY well!!
jahmon
September 13, 2013 – 2:40 pm
Nels and Olivepetunia were talking about the FIO put and I went in a bit on it as well for Sept…FIO not showing much signs of cracking yet, but we still have a little time. I think the idea was that if a takeover wasn’t imminent that there would be a sell off in the near term as well as longer term.
eryba1
September 13, 2013 – 2:49 pm
Facebook estimates, target raised at BMO SEP 13, 2013 | 8:39 AM EDT Shares of FB now seen reaching $50, according to BMO Capital. Estimates also increased, following positive channel checks. Outperform rating.
eryba1
September 13, 2013 – 2:49 pm
Apple numbers cut at Jefferies SEP 13, 2013 | 8:08 AM EDT Shares of AAPL now seen reaching $425, Jefferies said. Estimates also lowered on disappointing iPhone 5C and channel checks. Hold rating.
eryba1
September 13, 2013 – 2:51 pm
Intel upgraded at Jefferies SEP 13, 2013 | 8:06 AM EDT INTC upgraded to Buy from Hold, Jefferies said. $30 price target. Focusing its manufacturing leadership to make MPUs that are lower power, higher performance and cheaper.
eryba1
September 13, 2013 – 3:14 pm
once again metals have a little fire under them as they turn green.
jahmon
September 15, 2013 – 9:57 am
Elad, FYI amazon has an iPhone trade in program that pays higher than gazelle…although in amazon credit which is fine with me. They are offering $348 for a 16g iPhone 5.
eryba1
September 16, 2013 – 6:45 am
@jahmon: Thanks its a tempting offer from amazon. I just added all the trade in values its more than gazelle. I did plan to use the gazelle towards the new iphone after they are out and I talk to my carrier about the upgrade program. However this way since I buy a TON from amazon already this may benefit amazon and apple shares perhaps. Will see
dannychan1
September 16, 2013 – 9:44 am
apple is tumbling.. its become one of the stocks people are starting to hate
Mike
September 16, 2013 – 9:51 am
I still don’t understand Cody’s reasoning for saying apple has bottomed. Looks to me like its going to $420.
jahmon
September 16, 2013 – 11:03 am
Are you saying it’s going to pot?
slonda
September 16, 2013 – 11:19 am
xone good entry buying point or am I missing something?
Strange-Currencies
September 16, 2013 – 11:29 am
XONE seems to continue selling off for now. Personally, I would wait now. That being said, I still have exposure to the sector via 3D Systems and ProtoLabs, so in no rush here.
charlyga
September 16, 2013 – 11:33 am
Last week the 5S and 5C, today China… when will came some good news for Apple???
ebdavids
September 16, 2013 – 1:13 pm
I agree. All quantitative facts and hopes aside, I think Apple is Just in an emotional drift down. The two disappointing ERs in the last three months – which is to say, modestly disappointing numbers in the face of competitor growth, but no “wow” – just have deflated the stock. I don’t think this makes Cody wrong – surely there’s a buying opportunity soon, but not yet (IMHO).(H=imperfect!)
ebdavids
September 16, 2013 – 1:14 pm
(Actually, I meant one disappointing ER followed by a “product unveiling.”)
jahmon
September 16, 2013 – 2:31 pm
@nels @olivepetunia. FIO down 4+% and my $14 puts haven’t moved a penny
charlyga
September 16, 2013 – 2:41 pm
Apple 450, better go down so i can buy cheaper!!!!
Nels
September 16, 2013 – 2:41 pm
@jahmon! Mine either. Its a risky play, which is why there isn’t demand on the OTM puts. A few nips on the low bids though. A few fishermen out there. The thesis is sound, risky, but sound. I’m only in for a make or break $200 trade.
Nels
September 16, 2013 – 2:42 pm
@jahmon You’ll recall that FIO calls that are OTM have never moved much either, unless momentum moves big. Which is what I am thinking will happen.
jahmon
September 16, 2013 – 2:45 pm
@nels 4% seems like a big move but I suppose you are thinking bigger and that it will still happen, huh? I have a lot more exposure than $200 so I may try to bow out of ao
jahmon
September 16, 2013 – 2:45 pm
some
jahmon
September 16, 2013 – 2:47 pm
As we speak they just jumped 15%
Olivepetunia
September 16, 2013 – 2:52 pm
@Nels: @jahmon: Options furthest from strike price lose premium earlier. These won’t move much until much closer to strike price(s).
jahmon
September 16, 2013 – 3:09 pm
@Olivepetunia Makes sense. You holding them? We did the sept instead of Oct so not much time left
doug.sekula
September 16, 2013 – 3:15 pm
FB anyone?
doug.sekula
September 16, 2013 – 3:25 pm
I think im going FB shopping before the closing bell.
eryba1
September 16, 2013 – 3:27 pm
@doug.sekula: im waiting for 39-40
ebdavids
September 16, 2013 – 3:28 pm
@jahmon: Can you share again the strike date of your $14 FIO puts? thanks.
ebdavids
September 16, 2013 – 3:29 pm
oops — just saw it’s september.
Olivepetunia
September 16, 2013 – 3:30 pm
@jahmon: Holding small position in Sept 13s. Didn’t want to risk too much. Either it collapses immediately or….. Still some hope – anything could happen by the end of the week
jahmon
September 16, 2013 – 3:40 pm
And boom goes the dynamite
eryba1
September 16, 2013 – 3:43 pm
apple full pledged correction from 510 to 448 = 62 points = 12% and FB 45 to 42.6 approx 6% I am a buyer at 39-40 range. Apple another hit like today to a VERY oversold position and I will but
Nels
September 16, 2013 – 3:45 pm
@jahmon i was so totally gonna use the dynamite reference about 20 min. i was holding back though until it happened.
eryba1
September 16, 2013 – 3:47 pm
xone has burst and fallen to 50-51 another 8-9% decline today straight down from 72 a 30% decline
JeffDaniel
September 16, 2013 – 3:49 pm
Apple-Tim Cook will be replaced if this phone doesn’t move the needle. The stock is down because of no pre sales data of the 5C Apple is obiviously awaiting a week to report both new phones. But this again is Tim Cooks poor decision making, the stock now below 200mda will likely move to $420. For the first time since the original IPhone I am disappointed at Apple and if this phone is a flop then watch out for $350. At this time Tim Cook will be replaced with Eddy Cue.
JeffDaniel
September 16, 2013 – 7:22 pm
@eryba1: Apple now heading to $400 this week. Tim Cook’s Apple will be silent and let the press destroy his company has he has for the past 2 years. They will annc. results next week. If poor then $380. Tim Cook has destroyed this company. Sad to watch.
eryba1
September 17, 2013 – 6:41 am
@JeffDaniel: destroy? Harsh As no nEW products YET! We were told their coming. I think Iphone 5C is nice price with contract is doable starting at $99. However nothing NEW for existing customers Iwatch is in the works we NEED to wait for it, ITV physical TV we’ll C. They just NEED to buy YELP NFLX and or twitter and regain some mojo w/o these GREAT products being revealed. Once they are revealed then we can really JUDGE them. Ipad iphone we’ve seen, people want something new and exciting and phones w/o china mobile deal was not convincing AT ALL thus 12% decline. I am inclined to buy some more once this settles out. I sold higher bought some back at 469 and will look to add more at these lower levels once things level off.
eryba1
September 17, 2013 – 8:10 am
one investors take on how i’m feeling PART 1 ” If the action yesterday was not just an aberration and we start to see more weakness in our leading stocks, we’ll need to shore up defenses very quickly. It was not a good day for the bulls, despite the green indices, and we need to watch careful to see if it develops further. We have a squishy start today as the focus shifts to the FOMC decision tomorrow. I expect to see further consolidation and I’m concerned that profit-taking may pick up.”
eryba1
September 17, 2013 – 8:10 am
PART 2″What I found most interesting yesterday was how the action was almost the total opposite of what we saw in August. At that time, the indices acted poorly but under the surface individual stocks, and high-momentum names in particular, performed well. Yesterday we had just the opposite, with the strength in the indices hiding poor action under the surface. It was a shift in what we have seen recently and it deserves our attention just in case it develops into something more worrisome. This shift in the underlying action is occurring just as we are about to hear from the Fed about the possibility of its first move to taper its bond-buying program.
eryba1
September 17, 2013 – 8:10 am
PART 3″The FOMC interest rate decision is due tomorrow afternoon and while tapering has been discussed and anticipated to such a degree it is unlikely to be any big surprise it still has the potential to contribute to change in the character of the market. I don’t want to sound overly negative as the technical pattern of the indices is still quite positive, but we are somewhat overbought after the straight-up move the last few weeks and, at a minimum, are in need of consolidation. A bit of rest and downside would be a healthy foundation for an assault on new highs.”
Olivepetunia
September 17, 2013 – 8:16 am
@eryba1: Would you consider SPY puts at this level? What strike and expiration? What about VIX calls? Cody suggested that he anticipated higher levels before year end.
eryba1
September 17, 2013 – 8:21 am
@Olivepetunia: I dont use options. i hedge basically by trimming and buying gold at these levels
eryba1
September 17, 2013 – 9:13 am
Intel target boosted at Credit Suisse SEP 17, 2013 | 8:27 AM EDT Shares of INTC now seen reaching $30, according to Credit Suisse. DCG growth should re-accelerate. Outperform rating.
calmdaw1
September 17, 2013 – 9:19 am
OUTR finally cracked last night.
eryba1
September 17, 2013 – 12:02 pm
nice rebound in Fb and amazon getting its move on
eryba1
September 17, 2013 – 12:26 pm
INTC CIEN AMZN FB doing very well throw in ZNGA trying to break above 50 day moving avg past few days on good volume. aapl for now decline has stopped. Tom FOMC meeting.
eryba1
September 17, 2013 – 12:44 pm
anyone interested in XONE under 50 for a bounce? chart looks like death straight down from hi 75 to 50 today 33% decline with todays 2% decline. Meanwhile ddd up 5% today and SSYS up 3%
eryba1
September 17, 2013 – 12:57 pm
cody: whats your take on the 33% decline in XONE since its secondary? ANy interest in it at this level $50? or is the market annoying DDD and SSYS as the better companies and stocks as they are up nicely today?
SamsaricSufferer
September 17, 2013 – 1:08 pm
@eryba1: Thanks for the alert on XONE. I am in for less than $50, been waiting for this pullback. If it floats lower I will pick up some more.
eryba1
September 17, 2013 – 1:17 pm
@SamsaricSufferer: DDD up 5.3% SSYS 3% yet xone down 3% on this today and secondary: ExOne initiated with an Underperform at Credit Suisse Target $48.
eryba1
September 17, 2013 – 1:18 pm
so is the market annoiting the leaders in ddd and ssys and dismissing xone? wonder what cody thinks if he answer as well
eryba1
September 17, 2013 – 2:05 pm
great apple eco system article, get to app store revenue where it starts to get interesting.: http://seekingalpha.com/article/1698892-apple-why-its-ecosystem-remains-very-healthy?source=yahoo
eryba1
September 17, 2013 – 2:27 pm
znga breakout??
eryba1
September 17, 2013 – 2:27 pm
FB making up yest 4% decline and THEN SOME!!
doug.sekula
September 17, 2013 – 2:33 pm
Glad I went shopping at yesterdays closing bell.
eryba1
September 17, 2013 – 2:34 pm
@doug.sekula: U R making the rt moves. I was looking for more weakness in FB aapl TECH overall . Todays light volume bounce back shows no memory to yesterdays strong decline no follow through. TOm fed day lets see what that brings. Today is indeed a good day
eryba1
September 17, 2013 – 3:00 pm
ZNGA volul is there and breaking is occurring lets see the close up 6.5% so far today. I am adding some GLD long common shares here at 126 handle
jahmon
September 17, 2013 – 4:55 pm
Cody. Brand new possible bankruptcy play. Ecotality is a fatality. ECTY. http://news.yahoo.com/ecotality-says-filed-bankruptcy-protection-193058080.html
jahmon
September 17, 2013 – 6:30 pm
Should resume trading tomorrow morning?
eryba1
September 17, 2013 – 6:34 pm
Shares of Apple (NASDAQ:AAPL) increased 1.2 percent on Tuesday. Although it has only been about a week after the much-hyped iPhone premiere, some Apple pundits are already offering their predictions on when the next big Apple event will take place. According to unnamed sources cited by France’s MacGeneration website via the Los Angeles Times, Apple will host a “new special event around October 15.”
eryba1
September 18, 2013 – 7:16 am
REALLY clear and detailed iphone 5C and 5S reviews from Time Magazine: http://techland.time.com/2013/09/18/review-apples-iphone-5s-iphone-5c-and-ios-7/?xid=rss-topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Ftopstories+%28TIME%3A+Top+Stories%29&utm_content=My+Yahoo
JSmith
September 18, 2013 – 7:48 am
JSmith
September 18, 2013 – 8:00 am
TL15
September 18, 2013 – 11:27 am
@Cody, just out of curiosity, why are you purchasing in the money puts for BBRY? Why not just buy $9 – $10 range puts?
subu
September 18, 2013 – 11:29 am
and why september puts for BBRY?
Cody
September 18, 2013 – 11:57 am
I bought eh OCTOBER puts, not the SEPT’s. Sorry.
Cody
September 18, 2013 – 11:58 am
@TL15: I can profit on ANY decline on these in-the-money RIMM puts, but if you go out of the money, you have to see the stock really crash from here to get paid by October.
Cody
September 18, 2013 – 12:08 pm
Hey Everybody! Who’s more scared right now, the bulls or the bears?
jahmon
September 18, 2013 – 12:12 pm
Hi Cody. Because there is a timing element, can you comment if you have any interest in the ETCY bankruptcy as a trade? (And you asked us to be on the lookout for these…
doug.sekula
September 18, 2013 – 12:15 pm
Bears are more scared! But it’s been a hell of a run. How long can it last? How far can FB go in the near term?
doug.sekula
September 18, 2013 – 12:17 pm
Sorry. Hey everybody!!!!
jahmon
September 18, 2013 – 12:17 pm
Oct 4, 11, or 19 puts Cody?
eryba1
September 18, 2013 – 12:22 pm
@doug.sekula: bears? Bulls for sure to protect what has been earned!! Sp btm 1625 FB from 26 CIEN YELp NFLX TSLA on HUGE runs higher so surely BULLS and we are overbought nicely so watch out for SELL the news from FED TODAY!!!
Cody
September 18, 2013 – 12:24 pm
http://wallstreetallstars.com/poll/
Cody
September 18, 2013 – 12:24 pm
@jahmon: Hey cool, let me take a look
Cody
September 18, 2013 – 12:26 pm
ECTY looks like a good potential BK play. Gimme a couple hours to work on it. Let’s discuss during the chat at 2pm EST.
jahmon
September 18, 2013 – 12:26 pm
Awesome. Thanks
satishask
September 18, 2013 – 12:28 pm
bears are more scared
eryba1
September 18, 2013 – 12:33 pm
nice to hear positive reviews for iphone 5C and 5S vs analysts downgrades left and right
eryba1
September 18, 2013 – 12:36 pm
adobe 7% higher today after earnings and its cloud surge in business bodes well for AMZN which has a big could business as well I believe and tech overall. Lets see if we get pullback from budget debate already heating up, even democratic party saying they dislike Obama care going to tie it to federal budget upcoming fast. so be wary things in washington are looking to cloud markets until an end is in sight + fed tapering. So strap on your helmets things can get bumpy here
bcraig
September 18, 2013 – 1:41 pm
re: ECTY The chart shows that much of the covering may have happened last week when the stock popped to 40. Based on our ongoing theory, we should have bought in tranches on 9-12 at around .25 and picked up more tranches down to .15 9-26: Selling on the Pop at 40 9-28-29. Not sure why we’re getting into this one so late, but time will tell. Thanks for bringing it to our attention. Its a live and learn world.
eryba1
September 18, 2013 – 1:42 pm
I wrote an article for this TWC site when amazon was at 250 “amazon KING of the JUNGLE” I have further updates. I will probably make it my largest holding behind FB if I get a chance to buy it at or under 290. My daughter HAD to get a 3 hole puncher from staples. the parking was so limited, the line was 15+ MIN long. The price $30 bucks, I looked on my amazon app it was $15 and a prime 2nd day air free shipping item all for 50% less no driving, TRYING to find a parking spot, 30-45 min round trip for one item super inefficient. They WOULD not match the amazon $ at all I showed them the amazon website. I will be returning the puncher and punch up some more common shares to buy. Amazon is just amazing.
eryba1
September 18, 2013 – 1:45 pm
Amazon- I found a SUPER delicious drink at the super market. Costs $2.5 a bottle + Tax. Loved it so much checked amazon. Under subscribe and save costs $1.66 = over 30% savings and comes to my door with FREE shipping. I am not sure what I DONt but from amazon and look to them first for almost EVERYTHING to get a sense of pricing before buying if a competitive price and shipping, hassle free process taken into consideration. Drink was this- http://techland.time.com/2013/09/18/review-apples-iphone-5s-iphone-5c-and-ios-7/?xid=rss-topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Ftopstories+%28TIME%3A+Top+Stories%29&utm_content=My+Yahoo
eryba1
September 18, 2013 – 1:47 pm
How I feel now summed up by Jim Cramer and the pending showdown on the hill in D.C starting at HIGH NOON tomorrow: Is there enough momentum away from the Fed that the futures programs kick in? Will we be able to buck what happens if it is negative? I think that the answer would normally be yes. But this time, what matters is what will happen after, and I can tell you as someone in the news business that all I care about is what will happen next. And it isn’t good. Are you listening to the rhetoric from the Republicans and the president? It’s pretty darned clear that both sides want a shutdown, and both sides think it is advantageous to have it. Obama wants it because he is spoiling for a fight.
eryba1
September 18, 2013 – 1:48 pm
The Republican leadership has learned its lesson: Take the most extremist position possible, the one the Tea Party endorses, because there really aren’t any “liberal” Republicans left. Neither side cares one whit about the stock market. Although you will hear endlessly that both sides are fighting for the middle class, in reality the middle class needs a deal quickly so confidence isn’t sapped and people stop hiring or stop giving raises. It is really important to recognize how deep the hatred here really is so you can gauge whether the shutdown will last one, two or even three weeks. Remember that no one thought that the sequestration would ever occur.
eryba1
September 18, 2013 – 1:48 pm
But it did.So accept the fact that this one will be horrendous and plan accordingly to hear about it, starting tomorrow and then every day until it is solved.
eryba1
September 18, 2013 – 2:01 pm
BOOM to upside, GOLD & stocks etc WOW lets see where it settles out after initial spike
eryba1
September 18, 2013 – 2:03 pm
NO TAPER AT ALL- IT WILL COME but not now I guess. COuld it be rhetoric from washington looming. Cody RT inflation will come as a result of too much $$ in system and now it keeps on coming gold up 2.3%
eryba1
September 18, 2013 – 2:03 pm
10 yr yields DOWN 4% to 2.735
Cody
September 18, 2013 – 2:05 pm
Come meet me right now for this week’s live Q&A Chat. https://tradingwithcody.com/chat
eryba1
September 18, 2013 – 3:11 pm
We are going parabolic Up 175 if I didnt trim already and have nice % in cash I would be doing so today. I may trim even more as we will be quite overbought, Vix down to 13 area down 8% so far today
eryba1
September 18, 2013 – 3:13 pm
http://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL
eryba1
September 18, 2013 – 3:27 pm
I feel to hedge my portfolio further as the S&p is at ALL TIM HI’s I am going to trim my winners even more and raise more cash and keep my gold etf’s as a further hedge against further downside should the budget battle begin in earnest tomorrow until an end is in sight= correction as a result? Lets see what develops
TL15
September 18, 2013 – 3:29 pm
@Cody, I really like your thesis about GLD and GDX improvements for the coming year, however, near term, do you think that GDX will head back down after the non-tapering excitement dies down?
jahmon
September 18, 2013 – 3:42 pm
Killer call on GDX Cody. My portfolio hasn’t jumped this much in one day for a very long time
eryba1
September 18, 2013 – 3:43 pm
@jahmon: if not then your Mix of stocks and their weighting may be off. Cien, Fb, LNKD, CREE, amzn, if you bought after their corrections your portfolios should be at new hi’s
Alistair
September 18, 2013 – 3:43 pm
@jahmon: Yes I am riding that horse too. GDX is my biggest position on my options account.
vmontes
September 18, 2013 – 3:45 pm
Does anyone know when they will stop trading ECTY stock?
jahmon
September 18, 2013 – 3:58 pm
Cree is only up 11% for example. My Gdx calls are up 125%. Plus I had calls in barrick and iamgold…I made good profits on cien and FB but not like this…
eryba1
September 18, 2013 – 3:59 pm
@jahmon: sell some!
Olivepetunia
September 18, 2013 – 4:24 pm
INTC started trading Jan 2016 LEAPS this week. If INTC is headed to 30 as was suggested (don’t remember where I saw that), then Jan 2016s could be interesting. Anyone have any thoughts? $27 strike @ $1.75?
rkumar
September 18, 2013 – 4:43 pm
guys we have entered the 2nd half of 1999
rkumar
September 18, 2013 – 4:43 pm
ben bernankes new nickname is mr .bubbles
eryba1
September 18, 2013 – 4:44 pm
@rkumar: if cody is RT its Late 1998 . but lets not argue.
eryba1
September 18, 2013 – 5:14 pm
ONE WILD AND CRAZY DAY!!! GN Hope U sold some lock it in as markets get very overbought and wise to take some profits after some GREAT RUNS SP bottom 1625 now 1725 in a few short weeks.
