Here is the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
jahmon
November 1, 2013 – 10:36 am
Cody, you guys adding the ability to search Scuttles? Looks like search is just for companies right now. Loving the app every day.
rkumar
November 1, 2013 – 10:44 am
cree any opinion–sold from open??
rkumar
November 1, 2013 – 10:50 am
oil falling like a roxk==4 mth low–
calmdaw1
November 1, 2013 – 10:56 am
@Cody – with the first baby apps rolling out does that mean its time for a Cody Jr.?
rkumar
November 1, 2013 – 11:23 am
buy cree here??
eryba1
November 1, 2013 – 11:44 am
@rkumar: personally I would rather buy stocks with BETTER earnings reports on pullback. They should be the ones who see upside after this pullback / consolidation plays out. Amzn, AAPL.GOOG,FSLR,SNDK, to name a few
rkumar
November 1, 2013 – 11:46 am
mkt wants to rallly—-i want to add to semis–looking at xlnx
rkumar
November 1, 2013 – 11:46 am
cody –tqnt ?? a buy here
rkumar
November 1, 2013 – 11:46 am
watch ibb guys it leads mkt
KK
November 1, 2013 – 11:48 am
Where do you think APPL be trading by EOY? I was considering buying some calls exp in dec or jan?
rkumar
November 1, 2013 – 12:27 pm
bot tranche in cree–great long term story
Cody
November 1, 2013 – 12:29 pm
@rkumar: I like the $CREE tranche buy-in here, it is indeed a great secular growth long-term story. I’ve bought lower three months ago and am needing to buy another tranche, so probably will do so down here below $60 soon myself.
rkumar
November 1, 2013 – 12:31 pm
cody,
rkumar
November 1, 2013 – 12:31 pm
i truly believe all these quant funds are going to blow up==shorting this mkt..
Cody
November 1, 2013 – 12:31 pm
@rkumar: Elaborate pls
rkumar
November 1, 2013 – 12:31 pm
bernanke has printed so much that bubbles have to happen
Cody
November 1, 2013 – 12:32 pm
what if this is already the top of that bubble instead of maybe half way or 3/4 of the way thru it?
rkumar
November 1, 2013 – 12:33 pm
my gut says no–because individual investor for the most part is not in it
rkumar
November 1, 2013 – 12:33 pm
also for the most part earnings were ok—
Cody
November 1, 2013 – 12:34 pm
pretty good really
calmdaw1
November 1, 2013 – 12:39 pm
85 billion reasons for the market to continue going up each month
rkumar
November 1, 2013 – 12:41 pm
agreed
Cody
November 1, 2013 – 12:41 pm
ZIRP is just as bad!
rkumar
November 1, 2013 – 12:41 pm
also, i think money slowly keeps poring in
calmdaw1
November 1, 2013 – 12:42 pm
The questions is where would/will the market be if it has to stand on its own?
Cody
November 1, 2013 – 12:43 pm
man, remember how freaked out everybody was when Greenspan cut rates to 1% back in 1999? Remember the bubble that quickly inflated even more before popping a year later? We’ve been at 0% interest rates for 5+ years and then we’ve had Helicopter Ben throwing money to banks with QE madness, lax accounting standards, no prosecutions, etc all on top of that.
calmdaw1
November 1, 2013 – 12:44 pm
If my son is going to college so I give him $2000/month to support him and then he graduates and gets a job but I continue to send the $2000 it doesn’t take long before he expects that money from me and cannot stand on his own two feet. It is a very rude awakening when dad shuts the wallet
eryba1
November 1, 2013 – 12:44 pm
@Cody: as we spoke over and over, aside for corrections and pullbacks where is money supposed to be invested to grow? CD’s savings accts all giving 1% or much much less. 10 yr bond yielding 2.6% when INTC VZ and many more stocks yielding much better rates and have growth to boot. In addition companies refinancing their debit at such low rates = more money to grow, give dividends, buybacks, hire, expand globally. In 2000 cody Hi money market savings acct yielded 6% today U R barley getting 1%
Cody
November 1, 2013 – 12:45 pm
@eryba1: Exactly!
rkumar
November 1, 2013 – 12:46 pm
what stock benefits the most from oil dropping to 85??
rkumar
November 1, 2013 – 12:46 pm
guys, whast stock benefits the most from oil going to 85 bucks?
eryba1
November 1, 2013 – 12:47 pm
@rkumar: consumers have more $$ in their pockets, business charge less for shippers, B to B no fuel surcharge, more $$ stays at home in the USA
rkumar
November 1, 2013 – 12:48 pm
usually when tech does well retailers do ok??
eryba1
November 1, 2013 – 12:49 pm
@Cody: so for me unless something happens as rates start to eventually move higher so do stocks and we need to see the 10yr near that 5% mark U spoke of same for cd’s MM accts etc to be competitive to stocks because until then who in their right mind would lend their money for 3-5 years for 1-2% locked in? that doesnt make sense financially
rkumar
November 1, 2013 – 12:50 pm
cosy tweet icahn to get new mgmt at tqnt??please
calmdaw1
November 1, 2013 – 12:53 pm
@eryba1: so nobody in their right mind would do that? what about an aging population that cannot tolerate the risk to the portfolio because they are living off of it, not building it? To imply people are crazy to think differently than you is pretty rude
eryba1
November 1, 2013 – 12:56 pm
@calmdaw1: yes so add in the rate of inflation and they are losing money- they Must invest in bonds and other I meant for growth, to invest $$ to grow vs seniors who need to keep things safer at their age
eryba1
November 1, 2013 – 12:58 pm
@calmdaw1: rude? I didnt mean seniors? they need to be safe with their SS a pesions, 401K and they are as we all know being hurt, savers are being hurt as they have no growth coming from their savings. Thats is what I meant. I have not been rude to anyone here since day 1 or before
eryba1
November 1, 2013 – 1:15 pm
@calmdaw1: if you had capital to invest to grow? would cd’s Money market accounts be the location you would seek growth? Where would your money be treated best? Where could it grow without losing its value partially or fully to the rate of inflation? Those were the parameters I was referring to.
eryba1
November 1, 2013 – 1:23 pm
as part of a well balanced family or call it Life portfolio. You need to have cash = Money market accts and or cd’s, investments in some of the following: real estate /a growing business / stocks / Bonds / some metals IMHO Not to mention some form of IRA, 529 Plan, 401K, Pension plan.
eryba1
November 1, 2013 – 1:56 pm
Amazon ADD on FB just now!!! Amazon.com Countdown to #BlackFriday just kicked off! Early Black Friday deals, every day. Can you guess what is featured today? http://amzn.to/BlackFriday / seems year after year the holidays and retail start earlier and earlier
Olivepetunia
November 1, 2013 – 2:09 pm
Bot tranche LNKD @219.50
eryba1
November 1, 2013 – 2:17 pm
@Olivepetunia: 220 for me
eryba1
November 1, 2013 – 2:22 pm
volume and strength of FSLR which hit new yr hi’s today 59.8 has been VERY good today lets see the close.
eryba1
November 1, 2013 – 3:05 pm
markets basiclaly UNCh for the week. It feels the market is churning up at these levels. Some think a TOP is forming others think consolidation is occurring.
eryba1
November 1, 2013 – 3:09 pm
Its good we are looking at individual stocks. FSLR had a great report. CIEN got cut off at the knees. LNKD also lost just over 10% on its earnings having been on a run this year. Lets see what next week brings as we have the seasonally 2 best months of the year . Rest up and have a great weekend.. C U on Monday.
SamsaricSufferer
November 4, 2013 – 6:35 am
WSJ article from 10/28/13. Option skew swings to favoring calls over puts flipping the traditional put favored skew in options pricing. This is associated with the extreme bullish optimism that precedes market reversals. http://tinyurl.com/lzexgbk Got my hedges in place. What have you doing to hedge?
jahmon
November 4, 2013 – 9:43 am
@Samsaric. VIX calls, puts on TSLA, PCLN, P, YELP, QQQ – GDX calls and 40% cash. Straight outta Doomsday Preppers…
rkumar
November 4, 2013 – 9:46 am
is twtr goimgpublic today?
musa
November 4, 2013 – 9:50 am
@rkumar: if it is its suppose to be really expensive. im hearing $28 a share, up from 15 a few weeks ago
rkumar
November 4, 2013 – 9:54 am
under 25 id buy a little
msamuels2000
November 4, 2013 – 10:15 am
BBRY deal fell thru just in time cash in on the Nov puts
eryba1
November 4, 2013 – 10:41 am
@rkumar: sometime this week
musa
November 4, 2013 – 11:17 am
Cody what did you do with the apple calls you had a few weeks ago? Did you roll them over into this month, December, etc.?
Hammer300
November 4, 2013 – 11:26 am
Any thoughts on REGN before earnings?
eryba1
November 4, 2013 – 11:29 am
@Hammer300: add TSLA for that matter as well. Both have HAD GREAT runs both are like CULT stocks both are expensive PE wise yet both have HUGE futures. It all depends whats reported, market reaction. REGN has pulled back about 10% 316 to 286. TSLa has pulled back from 192 to 158 so about 16% there.
Cody
November 4, 2013 – 11:32 am
@musa: I just let them turn to stock https://tradingwithcody.com/2013/09/12/trade-alert-portfolio-bullets/
Hammer300
November 4, 2013 – 11:33 am
You can throw out value for this whole market. The markets don’t care about value because there is too much cash in the system. Look at SCTY…. My question is the biotech theme dead or taking a pause
eryba1
November 4, 2013 – 11:36 am
@Hammer300: That is not accurate! some stocks are richly valued others not. APPLE PE of 8 ex cash makes no sense growing 15-20% a year as an example.
eryba1
November 4, 2013 – 11:37 am
@Hammer300: other stocks like FB growing 50-60% a year with a pE of 45 are fairly valued in a sense. If U look at the outliers like in any market some are ahead of themselves but to fight their individual momentum is too difficult a task. NFLX, AMZN,TSLA
Hammer300
November 4, 2013 – 11:38 am
Yeah I know….aapl csco intc orcl etc. They are all now value stocks. I’m talking about growth ones. Name me one cheap growth stock
eryba1
November 4, 2013 – 11:39 am
@Hammer300: apple is growth, just not hyper growth, apple not being fairly valued, intc csco orcl msft the old 4 horseman of tech are not growing like apple is.
eryba1
November 4, 2013 – 11:40 am
@Hammer300: why should growth stocks be cheap?
eryba1
November 4, 2013 – 11:41 am
managers want growth stocks, so they are looking for a FB, AMZN,FSLR,LNKD. The future cloud, elect cars, solar power now that china not longer subsidizing their solar companies
eryba1
November 4, 2013 – 11:43 am
to me and many APPLE is a growth stock just not being fairly valued by investors now, happens all the time. If we hear china mobile deal U could see a POP
Hammer300
November 4, 2013 – 11:44 am
I’m appreciate your input the conversation is over when you think aapl is a growth stock. VMW 65-70 is a cheap growth stock. I’m not saying you’re wrong it’s just a different opinion.
eryba1
November 4, 2013 – 11:45 am
@Hammer300: NP that’s what makes a market. Define growth then? growth rate at 10% plus? 20? 30?40?
eryba1
November 4, 2013 – 11:46 am
@Hammer300: VMware is a growth stock but no longer the market leader as competition is rampant in the cloud, content is king not the virtualization of the data
jahmon
November 4, 2013 – 11:49 am
Sure is a lot of talk out there about how fear of a bubble is overblown…pun intended.
ljjian1
November 4, 2013 – 11:50 am
what is considered a wall of worry versus bubble talk?
eryba1
November 4, 2013 – 11:51 am
@jahmon: Rich families hoarding cash: Citi: and wells fargo said the AVG person is doing the same : http://www.cnbc.com/id/101157290
ljjian1
November 4, 2013 – 11:51 am
how do you differentiate between the 2?
ljjian1
November 4, 2013 – 11:54 am
If people are hoarding cash, and the discussion here is that the interest rates you can earn on cash is miniscule, how are we nearing a bubble?
eryba1
November 4, 2013 – 11:55 am
@ljjian1: Wall of worry = debit ceiling, fed tightening, Gov impasse Bubble talk= PE at insane levels vs companies growth, company generating no revenue yet Hi PE. Retail investors fully invested as just a few examples
eryba1
November 4, 2013 – 11:58 am
@ljjian1: Cody has had this discussion for quite some time. For the AVG person who should be making a portion of their personal net worth regardless of its size needs to be putting that portion to work for them in growing assets. Real estate, a business, stocks, dividends at a rate past the current and growing rate of inflation. Diff asset allocation based on ones age as they get close to possible retirement. To hoard money into a CD or MM acct at .1 to 1% for 1-2 years is not efficient as U calculate current and future inflation then U R actually losing money.
eryba1
November 4, 2013 – 12:01 pm
@ljjian1: We have discussed here with Cody that at 5% for cd’s MM accts or the 10yr bond rate that sort of a level will start to create competition for stocks, until then there is no competition at this juncture where rates are .1 to 1% and mist at still miniscule low levels money market accts .25%.
ljjian1
November 4, 2013 – 12:04 pm
@erbya1: I understand the Cody strategy. My question was that if the rich is hoarding cash, and the average investor is as well, what does that mean for this market? Agreed that IR are so low. Thus what explains the divergence between the masses hoarding cash and the overextended bulliness in the market? If the market is truly near a top and overbought, should not the masses be low in cash, and fully invested stocks?
ljjian1
November 4, 2013 – 12:05 pm
*fully invested in stocks
eryba1
November 4, 2013 – 12:07 pm
@ljjian1: there are many gauges and indicators showing the overbought / oversold nature. Some have come down quite a bit as the market seems to for now consolidating at these levels S&P 1750-1770. I was looking for a stronger pullback in the averages. Instead we had individual stock pullbacks of 10-20% in FSLR, CIEN, FB,CREE,TQNT,LNKD,TSLA XONE http://www.mcoscillator.com/market_breadth_data/ http://tickersense.typepad.com/ticker_sense/2013/11/November-4th-blogger-sentiment-poll.html
eryba1
November 4, 2013 – 12:10 pm
I think OIL’s decline is also HELPING quite a bit. Consumers and business are both being helped as Oil has corrected as well. One could look at Oil correcting in many ways good and bad.Bad in that there is week global demand, or good in that USA producing more oil, Iran Premium declining, Syria strike delayed or off the table
eryba1
November 4, 2013 – 12:17 pm
@ljjian1: “If the market is truly near a top and overbought, should not the masses be low in cash, and fully invested stocks?” from my experience thisa is the LAST step when everyone is ALL IN, we are FAR from that if U read the CNBC article link I sent, Plus listen to wells fargo talk about money POURING IN to low yielding MM accounts and cd’s. However nothing wrong with ebb and flow corrections stair step pattern higher markets thats a healthy sign. For now all we have gotten is indicidual stock corrections- PLENTY of those yet market avg correction even 3-5% like have not come
eryba1
November 4, 2013 – 12:29 pm
@ljjian1: if U think of the future SCTY and TSLA are THE future. NOn polluting, Hundreds of miles per charge cars that looks beautiful, drive like a dream “ask car ad driver magazine I think it was who gave its highest rating to any car ever for the TESLA vehicle” These companies have Decades of stellar growth ahead of them
eryba1
November 4, 2013 – 12:31 pm
NFLX is turning into a movie studio- content is king there. For 7 bucks a month thats steal vs Cable or DirecTV 1-200 a month for multi receiver home Multi room DVR etc that all negated with online content
jjss
November 4, 2013 – 12:34 pm
@eryba1: Cody has advocated trying to get into TWTR early; do you know of any etf that has significant shares or any other vehicle that it would be easy for us to access?
eryba1
November 4, 2013 – 12:35 pm
@jjss: Anyone offered TWTR IPO shares from their brokerage? I have NOT. ETF’s- way too early for that IMO
Johan
November 4, 2013 – 12:45 pm
Cody do you think it could be good to buy puts of wage before results? What is your thinking on WAGE? Thanks
jahmon
November 4, 2013 – 12:55 pm
@jjss Cody identified GSVC as having a lot of Twitter exposure…and he’s shorting them…there was a trade alert on it, you can search the site
doug.sekula
November 4, 2013 – 1:11 pm
Took profits in FSLR.
doug.sekula
November 4, 2013 – 1:15 pm
70% gain
doug.sekula
November 4, 2013 – 1:17 pm
Looking to buy more FB.
eryba1
November 4, 2013 – 1:18 pm
@doug.sekula: those are some hefty profits!!! ENJOY!!
jahmon
November 4, 2013 – 1:21 pm
Tesla puts leaving a mark today…
doug.sekula
November 4, 2013 – 1:23 pm
@eryba1: Thanks!! This site is great. Eveyone here is awesome!!
eryba1
November 4, 2013 – 1:24 pm
@jahmon: My small token LONG position in TSLA whose earnings are tomorow are on the opposite side of your trade
eryba1
November 4, 2013 – 1:25 pm
@doug.sekula: U say that now!!
doug.sekula
November 4, 2013 – 1:25 pm
HAHAHAHA
jpsr1975
November 4, 2013 – 1:28 pm
is someone buying the TWTR IPO?
eryba1
November 4, 2013 – 1:28 pm
@doug.sekula: to be honest there have been some HEFTy out sized returns if one was well balanced and disciplined selling rips and buying dips in FSLR, FB CIEN GOOG AMZN FF CCC CREE
jpsr1975
November 4, 2013 – 1:56 pm
is someone buying the TWTR IPO?
jahmon
November 4, 2013 – 2:00 pm
@Elad Followed Cody down the Tesla put path…
eryba1
November 4, 2013 – 2:00 pm
@jahmon: at 190’s yes. I botght after the 15% like correction last week. Saw some interesting facts about sales. Earnings tomorrow
nevy72
November 4, 2013 – 2:08 pm
Anyone else think gold stocks (ABX, NEM, etc) in 2014 can perform like solar stocks did this year?
eryba1
November 4, 2013 – 2:14 pm
@nevy72: let the gdx get above its 50 day moving avg with steady follow through as its bobbing and dunking above that avg line for some time now
doug.sekula
November 4, 2013 – 4:00 pm
Bought more FB.
jahmon
November 4, 2013 – 11:25 pm
My intuition tells me I’m about to get raked on Cody’s Tesla puts…and PCLN…losing options blow massive holes in hard fought common wins…I really hope I’m wrong…following pullback playbook has hurt so far.
eryba1
November 5, 2013 – 8:15 am
@jahmon: well have to wait and see, but for current trades that are on, keep their size small if U dont have the confidence in them to invest then surely never do so in a way that can hurt your portfolio. big. Protecting your hard won capital is priority # 1.
msamuels2000
November 5, 2013 – 8:55 am
@jahmon: those were hard trades to make. Had to put a lot of capital at risk just to dip a toe in the water with one contract. I bit on PCLN but could only stomach shorting the tsla common
musa
November 5, 2013 – 9:14 am
tsla looks like it may punish the shorts tonight. your wins in common would have to be really great to hold off the pain of shorting tsla
calmdaw1
November 5, 2013 – 9:32 am
TSLA puts have done great the past 3 weeks but I closed out Friday. No position going into earnings. Seemed like too much of a crapshoot
jahmon
November 5, 2013 – 9:40 am
Pandora and Tesla leading gainers on my screen this am…
nevy72
November 5, 2013 – 9:50 am
Thoughts, anyone: http://www.businessinsider.com/hatzius-fed-will-lower-unemployment-threshold-to-6-percent-2013-11
Cody
November 5, 2013 – 9:50 am
@jahmon: The put options we own on $PCLN, $TSLA, $P, etc are supposed to be hedges. I don’t think it is wise to try to capture gains with these puts, per se, but if you have a balanced and net long portfolio with a lot of bubblicious stocks like I do, you want to have some puts to help do exactly what you wrote, “protecting your hard won capital”!
Cody
November 5, 2013 – 9:51 am
Like I’ve said since I bought the $PCLN and $TSLA and $P puts — if I lose money on those puts, I expect I’ll have made much more money in the meantime on my longs.
msamuels2000
November 5, 2013 – 10:07 am
@Cody: what would you estimate your %s be between broken business model shorts +bubble hedges + interest rate hedges vs. net longs? I’m kind of running in place so I think my balance is off toward the hedging side of the ledger
Cody
November 5, 2013 – 10:10 am
@msamuels2000: My own allocation breakdown isn’t relevant to you, per se, but, here’s some rough guidance: Say about 40-60% in net longs and call options vs. 10% broken biz model shorts; 5% bubble hedges (long bubbled stock puts), 5-10% in gold and silver coins and 2-3% in interest rate hedges and the rest in cash.
nevy72
November 5, 2013 – 10:11 am
Hey Cody. What’s up with DDD? This thing is a beast! Will we get a chance to buy on a pullback or is this one going to $100 before that happens?
Cody
November 5, 2013 – 10:12 am
@nevy72: Who knows. That’s why I always suggest starting with a 1/3 tranche to get your feet wet and then you can add over time, higher or lower.
musa
November 5, 2013 – 10:12 am
I dont know but youve gotta admit that the Tesla cars are pretty cool. i need one of these http://www.youtube.com/watch?v=aWG6q2IQGD0
Cody
November 5, 2013 – 10:13 am
@musa: I’ve driven a Tesla on closed Central Park streets in NYC and it was indeed awesome. But it ain’t a sustainable business, IMHO.
msamuels2000
November 5, 2013 – 10:15 am
@Cody: The balance is very relevant. It’s a big part of why I’m here for expert advice
jahmon
November 5, 2013 – 10:28 am
@Cody In my limited experience, losing badly on these put options can immediately wipe out common gains on a single or even multiple positions.
jahmon
November 5, 2013 – 10:29 am
Put options are accelerated losses compared to common gains
msamuels2000
November 5, 2013 – 10:37 am
@jahmon: still holding those XONE calls? heading toward 200% gain
jahmon
November 5, 2013 – 10:41 am
@msamuels2000 To be honest I sold them for about 135% when Cody was recommending heavy trimming of winners a few weeks back
jahmon
November 5, 2013 – 10:42 am
congrats on the extended gain!
Golfcar101
November 5, 2013 – 10:43 am
same here sold pcln puts for around 75% gain when cody first shorted take profits quick on options time not your friend
musa
November 5, 2013 – 11:01 am
@Cody: well you may be right. lets see how this earnings report goes after the close
eryba1
November 5, 2013 – 11:06 am
google should buy tesla article? http://www.thestreet.mobi/story/12094509/1/google-should-buy-tesla.html
msamuels2000
November 5, 2013 – 11:40 am
TSLA is sitting at a third lower high in the past 30 days. If the ER doesn’t satisfy expectations my guess is its probably headed down to support in the 150s. Dropped below the 50 day average last week and if it doesn’t hold up in the 170s I would look to capture some of the fall
eryba1
November 5, 2013 – 12:01 pm
@msamuels2000: Lets see what the earnings bring. I will be selling my short term buy at 150’s
rjedro
November 5, 2013 – 12:03 pm
Cody how about WAGE? Another tranche short here? puts?
eryba1
November 5, 2013 – 12:55 pm
Twitter IPO pricing Wed night
jpsr1975
November 5, 2013 – 12:57 pm
@eryba1: are u asking some shares on the IPO?
eryba1
November 5, 2013 – 12:58 pm
@jpsr1975: wasnt offered any, my broker not involved. I believe Morgan Stanley is the prime brokerage
eryba1
November 5, 2013 – 1:29 pm
from an astite investor / trader on all the bubble talk: Is there anything more ridiculous and unhelpful than the constant talk about “bubbles” in the media? Back in 1999 and 2000, when we had a real bubble, there was very little talk about it. These days the biggest bubble of all is talk about bubbles. Bubble talk is a disservice to market players. It is always premature, and it pushes folks to the sidelines too early. Even worse, it assumes that folks who stick with the market will be incapable of selling as warning signs build. It wasn’t difficult to escape the market in 2000 as it started to break down. It took many months for the reversal to play out, and if you were disciplined and cut losses quickly, you were light years ahead of the folks who fought the strength.
eryba1
November 5, 2013 – 1:29 pm
Bubble talk is driven primarily by market pundits who want the glory of making the big call. Unfortunately, those who succeed in doing this are the ones who simply repeat the same prediction over and over and count on no one recalling how bad their timing really was. Is there a bubble in the market? I sure don’t see it. I suspect that there are just a lot of folks who are upset that the market ran away without them, and they feel better about it when they label the action as being irrational enough to form a bubble. My advice is to ignore the bubble talk. Watch your positions closely and stay disciplined when it comes to cutting stocks that act poorly. You don’t need to put a label on the market to trade it, and calling it a bubble is more likely to mislead you than help you.
eryba1
November 5, 2013 – 1:35 pm
znga digesting for 6 weeks now the move from 2.7 to 3.7 & I am looking to buy this one back
jahmon
November 5, 2013 – 1:35 pm
Me too, eryba1
flyfishin
November 5, 2013 – 1:35 pm
me three
jahmon
November 5, 2013 – 1:35 pm
How about flipping it…there is no bubble?
flyfishin
November 5, 2013 – 1:36 pm
what bubble
eryba1
November 5, 2013 – 1:36 pm
@jahmon: Bubble- I think U R rt and so is the trader whose opinion I posted.
eryba1
November 5, 2013 – 1:40 pm
Yes we have seen earnings rise and some select stocks have HI PE’s but to call it a bubble referring to the entire market? That seems incorrect? If Ur saying Bubble to mean a market correction is imminent? That another story I felt that way but for now we are not overbought, greed levels are hi, bullish % coming down as market digests the move up so far . We are hovering at 1750-1770 for 2-3 weeks now. The markets going sideways yet on an individual basis we have corrected 10-20% in many names
rjedro
November 5, 2013 – 1:41 pm
erba1. Your thoughts on WAGE today?
eryba1
November 5, 2013 – 1:42 pm
@rjedro: never even looked at it before give me a min, let me see
nevy72
November 5, 2013 – 1:43 pm
Anyone else see the unconfirmed rumor of IBM buying DDD at $90? Thoughts?
eryba1
November 5, 2013 – 1:45 pm
chart looks healthy bounced twice off 50 day avg= support is there at 48 level. Earnings are tonight so its all dependent on whats reported and said on CC vs expectations
eryba1
November 5, 2013 – 1:45 pm
@nevy72: saw no news stating that.
nevy72
November 5, 2013 – 1:45 pm
eryba1
November 5, 2013 – 1:46 pm
@nevy72: todays volume is quite hi at 8M vs AVG daily volume of 3.6M
nevy72
November 5, 2013 – 1:48 pm
Buy the rumor and sell the news scenario?
eryba1
November 5, 2013 – 1:49 pm
I like the action in FB reversing yesterdays 3% decline, finding support on its 50 day mov avg at 48. WOuld like to see CIEN have a good day so far 2 weeks stuck in sdowntrend and has found some support here at oversold levels 23-23.5. Watching this one closely
Golfcar101
November 5, 2013 – 1:55 pm
@eryba1: you watching cien for an add or sell
eryba1
November 5, 2013 – 1:57 pm
@Golfcar101: to sell if I dont like what I see, Cody said he wont add until 20 perhaps, its just not acting well so far fall from 27.6 to 23. Its finding no real buyers after its 15+% decline. I rather buy stocks acting better and betetr earnings near term as cien does not report until dec
JSmith
November 5, 2013 – 1:58 pm
@eryba1: why buy znga?
Golfcar101
November 5, 2013 – 1:59 pm
thanks possible people worrying about upcoming er
eryba1
November 5, 2013 – 1:59 pm
@JSmith: New game releases for holiday season, a good app developer play, Digesting move from 2.7 to 3.7 well and one of the biggest app game development players out there and now with new CEO from MSFT xbox head who came over its has a brighter potential
JSmith
November 5, 2013 – 2:00 pm
@eryba1: thanks
eryba1
November 5, 2013 – 2:00 pm
@Golfcar101: sure after FFIV AKAM FIO EMC JNPR thats why it fell from 27.6
JSmith
November 5, 2013 – 2:01 pm
@eryba1: didn’t CIEN have a good last quarter with good outlook?
JSmith
November 5, 2013 – 2:02 pm
So is the decrease in CIEN unjustified and simply a good buying opportunity. It can go back to 27 very fast
dab2fish
November 5, 2013 – 2:02 pm
Any thoughts about sapphire as a replacement for Gorilla Glass?
JSmith
November 5, 2013 – 2:02 pm
if unjustified
eryba1
November 5, 2013 – 2:02 pm
@Golfcar101: I want my money working for me. I sold at 27 wanted a pullback to buy under 25 and now just acting ill and still not upside. I would rather buy better reports near term
eryba1
November 5, 2013 – 2:02 pm
@JSmith: they did but more recent earnings from FFIV AKAM FIO EMC JNPR spooked people
eryba1
November 5, 2013 – 2:03 pm
@JSmith: can be we will have to see, wont see earning until Dec so a long time away
eryba1
November 5, 2013 – 2:03 pm
@dab2fish: didnt hear about that one
JSmith
November 5, 2013 – 2:03 pm
@eryba1: not that far away, can’t believe it is Nov already
eryba1
November 5, 2013 – 2:04 pm
@JSmith: possibly unjustified- again wont know for some time until we get close and stock could always just linger here.
eryba1
November 5, 2013 – 2:04 pm
@JSmith: I think earnings on codys earnings calender dec 16 or so.
eryba1
November 5, 2013 – 2:05 pm
cree is interesting at 60
eryba1
November 5, 2013 – 2:08 pm
a lot depends on your short term outlook for investments. Do we see market forming a top here? or just digesting move from S&p 1650. some waiting for Twitter IPO to see. Cody has been raising cash by selling more amzn and others so maybe wise to trim some and wait and see,
eryba1
November 5, 2013 – 2:16 pm
Ok selling some CIEN and adding CREE
eryba1
November 5, 2013 – 2:18 pm
adding some ZNGA as well
eryba1
November 5, 2013 – 2:46 pm
it sure feels like buyers in CIEN are holding off until we see lower levels perhaps as low as the ones Cody talked about.
doug.sekula
November 5, 2013 – 3:07 pm
@eryba1: I followed suit, sold some CIEN and bought CREE.
eryba1
November 5, 2013 – 3:09 pm
@doug.sekula: its just My feeling on it, it was a larger than avg position for me languishing at 23 and still feels heavy here. would rather my money work for me after good earnings and pullbacks
doug.sekula
November 5, 2013 – 3:25 pm
@eryba1: Agreed! CIEN is still my second largest position after my purchase of more FB at yesterday’s close. And now just bought my first tranche of FSLR. Getting more and more diversified.
eryba1
November 5, 2013 – 3:26 pm
@doug.sekula: to diversify is best. FSLR here at new yr hi? a bit of a chase IMHO no?.
eryba1
November 5, 2013 – 3:27 pm
@doug.sekula: I would rather add LNKD cree ZNGA tqnt. Fb yes I agree yesterdays 48 handle was a tempting buy.
doug.sekula
November 5, 2013 – 3:27 pm
@eryba1: Hahaha I meant CREE not FSLR.
doug.sekula
November 5, 2013 – 3:29 pm
Trimmed my FSLR yesterday and rolled it into FB at the close.
eryba1
November 5, 2013 – 3:32 pm
@doug.sekula: nice move there. I think the more we speak here in regards to everyone exchanging ideas and act with very positive responses we get very much IN TUNE with the markets ebb and flows, sell the rips buy the dips we can ride very very positive momentum and see our portfolios rise
eryba1
November 5, 2013 – 3:34 pm
we can spot stocks to sell now acting well, pick up stocks on pullbacks even after good results, pick out spots, buy in tranches spot breakouts EX FSLR above 50 day avg with vol and follow through days when fslr was at 41 today 50% higher in 5-6 weeks, spot moves of consolidation as I think we are seeing in ZNGA
eryba1
November 5, 2013 – 3:39 pm
whats great aboput being an individual investor we can RAMp up exposure to stocks in moments when we see things setting up like the FSLR RAMP rise above 50 day avg on vol and follow through and possible ZNGA move today after 6 week consolidation
eryba1
November 5, 2013 – 3:42 pm
and same for other stocks CIEN not acting well for 2-3 weeks now and no energy from buyers so lets watch this one carefully reduce exposure into better acting names. U can always buy this back when its safer and starting to tell us what direction is next. This way we can try to get our capital to be working for us at the right time in the right names. In big moves up sell some, in moves down on good earnings watch and see stocks reaction and direction then gain initial or added exposure to that name
eryba1
November 5, 2013 – 3:45 pm
That is why today I am adding to ZNGA, CREE, LNKD and reducing exposure to CIEN
doug.sekula
November 5, 2013 – 3:55 pm
@eryba1: How can you buy Bit Coins? ETF?
doug.sekula
November 5, 2013 – 3:56 pm
was thinking of trying to add some to the portfolio
eryba1
November 5, 2013 – 3:57 pm
@doug.sekula: ETF- thats one I had not heard of. I posted link on 6 best ways to buy bitcoin a week or so again- http://btcgeek.com/where-to-buy-bitcoins-in-us/
eryba1
November 5, 2013 – 3:58 pm
I think that was it agoogle search may also help out.
doug.sekula
November 5, 2013 – 4:02 pm
@eryba1: Thanks. Missed it. Just giving it a thought.
jahmon
November 5, 2013 – 4:09 pm
TSLA down
eryba1
November 5, 2013 – 4:10 pm
yes 8% quite volatile. Lets see if it sees 150 I may buy again after I see #;s breakdown etc for now glad I sold my short term trade of a buy today
Cody
November 5, 2013 – 4:21 pm
No celebrating, no dancing, no partying allowed. $TSLA puts are looking very good as the stock tanks tonight, but until you sell your puts, the profit ain’t on the sheets.
eryba1
November 5, 2013 – 4:38 pm
@Cody:
eryba1
November 5, 2013 – 4:39 pm
@Cody: what do U make of market digestion of gains while individual stocks mostly correct?
Cody
November 5, 2013 – 4:41 pm
@eryba1: I don’t make much of the “market digestion of gains while individual stocks mostly correct” because which is leading which? Chicken on egg?
jahmon
November 5, 2013 – 5:26 pm
I actually added contracts this pm
msamuels2000
November 5, 2013 – 7:10 pm
@doug.sekula: No Bitcoin ETF yet. The Winkelvoss brothers are part of a group trying to get SEC approval to start one.
doug.sekula
November 5, 2013 – 9:17 pm
@msamuels2000: Yep, your right. That’s what I thought. Didn’t know if that ever happened tho. Thanks.
jahmon
November 6, 2013 – 2:05 am
I’m sorry, where did Cody talk about CIEN?
jahmon
November 6, 2013 – 2:06 am
I.e. Reduced exposure
Cody
November 6, 2013 – 9:03 am
I’ll probably sell at least half my $TSLA puts this morning and lock in these gains that were just supposed to be hedges.
eryba1
November 6, 2013 – 9:13 am
Tesla estimates, target reduced at Wedbush NOV 06, 2013 | 8:17 AM EST Shares of TSLA now seen reaching $205, according to Wedbush. Estimates also cut, given the company’s new guidance. Outperform rating.
eryba1
November 6, 2013 – 9:14 am
@jahmon: chat last week i believe is where he discussed CIEN. Someone asked him if he would buy at 23 he said no he bought at mid teens will wait for 20 perhaps.
jahmon
November 6, 2013 – 9:29 am
Thanks Elad. I think he also said that nothing was wrong but that he just had as much as he wanted of it personally
eryba1
November 6, 2013 – 9:29 am
@jahmon: yes, the question was would he add and he said no not until 20 perhaps top entice him
888
November 6, 2013 – 9:31 am
@eryba1: are u still invested in cien?
eryba1
November 6, 2013 – 9:32 am
@888: I have a little left
888
November 6, 2013 – 9:33 am
@eryba1: u bought cien at 23.45 and sold everything that u bought at those levels?
eryba1
November 6, 2013 – 9:33 am
@888: I sold quite a but a few week ago near 27
888
November 6, 2013 – 9:34 am
@eryba1: but u bought back some at 23 handle and in a matter of days decided that it was a wrong trade?
eryba1
November 6, 2013 – 9:35 am
@888: YES my avg cost basis at that point was 17 or so after I started buying CIEN after its decline. I did not like the weak action in CIEN . When cody said 20 was more appealing I looed at the charts and saw that was the last place it initiated a bIG move from
eryba1
November 6, 2013 – 9:36 am
@888: as individual investors we have the ability to go in and out when we feel our money is best treated. It bothered me when CIEN languished at 23.5 or under for 2 weeks now
888
November 6, 2013 – 9:37 am
@eryba1: why don’t u sell all ur holdings in cien then? why bother to hold a small position?
eryba1
November 6, 2013 – 9:39 am
@888: when it becomes a smaller position for me it is less of an immediate concern especially as it was not acting as if any interested buyers were around, would not surprise me to see codys 20 target hit before upside seen again. So for that I played it safe
jahmon
November 6, 2013 – 9:41 am
TSLA $160 puts up 100% which gets me back to even…I’ll take it
eryba1
November 6, 2013 – 9:46 am
@888: I need to protect my portfolio. we all do so to manage position sizes is critical.
drefleury
November 6, 2013 – 9:47 am
@jahmon: Good stuff. My 155’s are still ****** red. But if GS is right, might have some time yet to get green
eryba1
November 6, 2013 – 9:49 am
@888: I may be wrong and the stock finds support here and takes off. That is my risk. However I would rather risk that option then to see further weakness.
888
November 6, 2013 – 9:49 am
@eryba1: its hard to follow when u get in and out of positions so quickly after making a trade… looks more speculative rather than investing to me
drefleury
November 6, 2013 – 9:49 am
lol. The word Bl@@dy was censored…
888
November 6, 2013 – 9:50 am
@eryba1: the whole idea of subscribing is to learn investing technique and not day trading
drefleury
November 6, 2013 – 9:51 am
@888: In all fairness, this isn’t “Trading with Elad.”
eryba1
November 6, 2013 – 9:51 am
@888: On this trade U R right. It was not a day trade, I sold at 27 most of my shares and at 24.5 and under started adding, I just felt uncomfortable holding and seeing no support / upside at all, I saw other stocks that I felt were better investments for now.
888
November 6, 2013 – 9:53 am
@eryba1: and those stocks that u felt were better could be the next cien?
eryba1
November 6, 2013 – 9:53 am
@888: This CIEN move on my part to protect my portfolio. Like I said I may be 100% wrong. I understand U may feel that way. Which is at times why I sometimes feel I should let TWC be just that and not to mention what I buy and when to avoid such incidents.
888
November 6, 2013 – 9:53 am
so how do i know when u are investing and when it is a short term trade?
eryba1
November 6, 2013 – 9:54 am
@888: The next cien? If U mean more upside for now vs CIEN yes that is my estimate.
eryba1
November 6, 2013 – 9:54 am
@888: I am ALWAYS investing. This is the 1st time I have acted this way in a year. So lets not beat me up on this one stock.
888
November 6, 2013 – 9:55 am
@eryba1:thats the reason why i am questioning as the lead i know doesn’t make decisions like that
888
November 6, 2013 – 9:55 am
*elad
Cody
November 6, 2013 – 9:56 am
@eryba1: Nothing in trading and investing is easy. Neither Elad, nor anybody else, is or should be perfectly emulating what I do. Everybody’s got different money to work with, money coming in, risk-tolerance, etc. It’s very interesting how well 888 and others know both Elad’s and my style and their rightly picking up on a less-than-usual Elad trade here. Rock on, all. Learn from this!
eryba1
November 6, 2013 – 9:57 am
@888: U R right. I just disliked the stocks 2 weeks near 20% DECLINE and then no bounce or other at all. So as if left to hang for itself until earnings in 4-6 weeks
eryba1
November 6, 2013 – 9:58 am
@888: for those reasons and others I decided to diversify further into new positions and reducing exposure to cien into CREE and ZNGA
888
November 6, 2013 – 10:00 am
@eryba1: are u liking the way CREE and ZNGA are performing?
eryba1
November 6, 2013 – 10:05 am
@888: cree some support / basing at 59-60 and ZNGA digesting gains from 2.7.
eryba1
November 6, 2013 – 10:05 am
As I do not have any CREE or ZNGA positions I started to add yesterday
eryba1
November 6, 2013 – 10:07 am
@888: I still believe the market MAY correct as well and have my QQQ hedge on. We each have different looking sized diversified portfolios and need to manage that accordingly. I hope that helps.
doug.sekula
November 6, 2013 – 10:09 am
It’s all about “ebb and flow”! Made a fortune with Cody and Elad! Thanks!!!
eryba1
November 6, 2013 – 10:09 am
@888: one last thing: if we are NOT flexible and remain stern on our ideas we can never thrive in the face of facts or evidence of change. To play on the safe side at this point was the prudent move for me.
drefleury
November 6, 2013 – 10:14 am
@eryba1: What QQQ hedge are you using?
eryba1
November 6, 2013 – 10:15 am
@drefleury: short the QQQ- so far a losing position
dannychan1
November 6, 2013 – 10:16 am
@eryba1: thanks for the explanation
drefleury
November 6, 2013 – 10:16 am
yeah, I’m thinking of joining that band wagon… CREE sure has a wacky chart. Might be mart to pick up some month out calls.
drefleury
November 6, 2013 – 10:16 am
*smart
nitamit
November 6, 2013 – 10:42 am
Is it time to trim MSFT or stay put?
Cody
November 6, 2013 – 10:42 am
@nitamit: I’m going to trim some $MSFT. I’m about to send out another note that says I am about to do the same today.
eryba1
November 6, 2013 – 10:43 am
@nitamit: news Ford CEO Mulally going to be NEW CEO at MSFT
Cody
November 6, 2013 – 10:43 am
Just a small trim for now tho
nitamit
November 6, 2013 – 10:47 am
Okay,thanks
eryba1
November 6, 2013 – 10:49 am
@nitamit: sorry not NEWS yet just strong implications.
eryba1
November 6, 2013 – 11:14 am
anybody else trimming adding getting further hedged? I have been looking at this guage for some time yet it hasnt mattered yet: http://money.cnn.com/data/fear-and-greed/?iid=INV_Sub
jakef1111
November 6, 2013 – 11:16 am
@cody what do you think os scty
eryba1
November 6, 2013 – 11:16 am
@jakef1111: its been a momentum play and a play on elon MUSK CEO of TSLA who is founder of SCTY as well
jakef1111
November 6, 2013 – 11:17 am
Shorting scty
eryba1
November 6, 2013 – 11:18 am
@jakef1111: started that short yesterday or today?
jahmon
November 6, 2013 – 11:22 am
@jakef1111 share details?
eryba1
November 6, 2013 – 11:58 am
cramers take on TSLA: Tesla (TSLA) today. That story will stay troubled until the moment the battery shortage is solved and then the cult status will be restored, and I expect to see the stock go higher.
jjss
November 6, 2013 – 12:43 pm
Just in case no one else has made this point; I’m glad i sold my tsla nov 150 puts last week when they were worth 10.10; today, even with the great crash, they’re still only 6.65; my cost was 6.40
indiasilver
November 6, 2013 – 12:46 pm
Just wondering what the sentiment on PCLN hedge is. I’ve still got a small Dec. put position that I am in the red on. Earnings are tomorrow after close, I think. Stock has taken a hit today. Anybody bailing on this before earnings, or gonna ride it through?
fled
November 6, 2013 – 12:56 pm
Haven’t been around for a bit. Won’t be in the chat today but wondering about sentiments on WAGE common, double down or cover the short.
eryba1
November 6, 2013 – 12:58 pm
@fled: strong chart, reported in line #’s, higher than avg vol reaction to earnings so far today
fled
November 6, 2013 – 12:59 pm
If anyone thinks of it ask Cody’s take in chat today, thanks
Olivepetunia
November 6, 2013 – 1:00 pm
@fled: @eryba1: re: WAGE Already planning to do that. Feel like I’m fighting the tape on this one and that’s usually not a good idea.
jjss
November 6, 2013 – 1:01 pm
@eryba1: just wanted to say that I have gained tremendously by your input in this chat; i am not so intensely focused on the markets, so your chat serve s to keep me updated on the daily status of cody’s basket; u have pointed out opportunities to get in/out, etc. , and it is much appreciated. I would not agree with 888 that this is day-trading; it’s to be expected that reflection over one’s investments will sometimes tell you that you’ve made a mistake, so you pull out – that’s not day trading by far!
jjss
November 6, 2013 – 1:02 pm
@eryba1: can you comment on indiasilver’s q re pcln puts?
eryba1
November 6, 2013 – 1:05 pm
@jjss: Thank U for that. I think 888 was only pointing out what was correct. I usually never add after a decline and then decide to cut the stock. I just felt its weak action so I pulled back and would rather watch from the sidelines on Cien. I could be wrong or right I just know what felt right for me and my position in CIEn for my accounts. This does not mean it is right for others nor does it make me RT CIEN could surge tomorrow for all I know. I am waiting on it to move in one direction or another with volume and follow through to confirm its next sustained direction
eryba1
November 6, 2013 – 1:06 pm
@jjss: I do not trade options so I can help U on that one
eryba1
November 6, 2013 – 1:07 pm
@jjss: The chart of pcln looks just fine trading above 50 day avg in a rising channel just looks to be digesting / consolidating the recent run higher from 990 to 1082
eryba1
November 6, 2013 – 1:07 pm
@Olivepetunia: yes stock looks fine in regards to price action
jahmon
November 6, 2013 – 1:13 pm
@indiasilver I’m grappling with the same thing on PCLN. I’m in with a little more capital than I’m willing to lose, so will probably sell a few contracts before earnings
indiasilver
November 6, 2013 – 1:18 pm
I don’t like to hold options over earnings. You just never know what the call will be like. Feels more like gambling, plus after earnings the delta on your positions usually drops dramatically. I just took my money on this solid drop and got out. Maybe tomorrow will see another drop, but the swings on PCLN are pretty dramatic since it is such a high priced stock. 20 points in a day makes for wild options price fluctuations.
eryba1
November 6, 2013 – 1:19 pm
@jahmon: That is always the issue when U have more in than U R comfortable with especially after the RUn we have had in very good names and movers that feeling needs to be resolved. Its usually best to be able to be comfortable with a position. When U worry over a position entry, size, % etc it incapacitates you from thinking properly about the overall market, your portfolio etc. Like a deer in headlights. Its always worked for me to cut back have cash reduce exposure to be able to think more clearly.
eryba1
November 6, 2013 – 1:20 pm
@indiasilver: 20 points for PCLN is just under 2% that is not a big swing looking at the overall price of the stock. Divide By 10 so a 109 dollar stocking rising or dropping 2 points, % wise its the same thing
indiasilver
November 6, 2013 – 1:28 pm
Right, but when you have an OTM call option at a set strike, like say 950, and the stock moves to 1080 like it has, even though it may only have moved 10% since you bought the call, the calls are dramatically affected. This is especially true with the added decay in time value. That’s the thing with options, a small move in the underlying price (often) creates an outsize move in the option. And while you are waiting for the underlying stock to turn around, your position decays every day.
eryba1
November 6, 2013 – 1:29 pm
@indiasilver: Lots of cross currents, which is another reason why I have steered towards stocks and not options.
indiasilver
November 6, 2013 – 1:37 pm
@eryba1 That’s definitely the advantage of stocks over options. If you own the stock, you’ve got something with inherent value. It may go up or down, but almost never goes to zero in price. Something like 80% of all options expire worthless…
jahmon
November 6, 2013 – 1:38 pm
I got $13.30 for over half of my PCLN options which was my cost basis. Will hold the others through earnings.
eryba1
November 6, 2013 – 1:39 pm
@indiasilver: that is a powerful stat 80% go worthless.
indiasilver
November 6, 2013 – 1:49 pm
@eryba1 Correction: 90% of options go unexercised. 10% get converted to stock, 55-60% are closed prior to expiration, and 30-35% expire worthless. Sorry for the misinformation.
Cody
November 6, 2013 – 1:56 pm
Let’s rock n roll, meet me right now at https://tradingwithcody.com/chat for this week’s Live Q&A Chat.
eryba1
November 6, 2013 – 1:56 pm
@indiasilver: thanks for the clarification
eryba1
November 6, 2013 – 2:04 pm
@fled: Response from codys on todays chat on wage: Cody November 6, 2013 – 2:02 pm @eryba1: I think $WAGE is still one bubbled up stock and probably still a pretty good short hedge to our own bubbled stock longs. I haven’t done anything with it for a while, and will let you know when I do strike on it again.
eryba1
November 6, 2013 – 2:24 pm
Olivepetunia: correct on when it = a stock chart starts to look bad all of a sudden. However until it starts to crack the upside stays that way and to fight it with shorts or other does not work. Need to see the cracks first to confirm trend changing and downside emerging.
nrmeshram
November 6, 2013 – 2:54 pm
what to expect from Solar city ?
eryba1
November 6, 2013 – 3:29 pm
@nrmeshram: hi expectations, fslr did well so now SCTY and its ramped into earnings 53 to 63 in addition to move from 37 to 62 first straight up
jpsr1975
November 6, 2013 – 3:47 pm
interesting document by Roubini
jpsr1975
November 6, 2013 – 3:47 pm
calmdaw1
November 6, 2013 – 3:47 pm
SCTY has gone from under $10 to now almost $60 in the past year. They better have a great report or I think they drop
eryba1
November 6, 2013 – 3:53 pm
@calmdaw1: very good point. It will all depend on earnings guidance and CC
eryba1
November 6, 2013 – 3:53 pm
vs expectations
calmdaw1
November 6, 2013 – 3:58 pm
QCOM also reports tonight. seems like a safer play
jahmon
November 6, 2013 – 5:00 pm
VIX at $12.68. Blows my mind
eryba1
November 6, 2013 – 5:10 pm
@jahmon: beg of august it was as low as 11.7
eryba1
November 6, 2013 – 5:11 pm
@jahmon: which a lot of it doesnt make sense but we cant fight the trend in this case to short the averages until we see definite downside and follow through in that direction
eryba1
November 6, 2013 – 5:12 pm
nPlay: SolarCity beats by $0.02, beats on revs; guides Q4 EPS below consensus, revs in-line
msamuels2000
November 6, 2013 – 5:19 pm
@eryba1: all the FED accommodations don’t seem to have moved the needle much on the overall economy so if easy money is fueling the bull run then expect it to continue because easy money is going to continue. A catastrophic event may be needed to reverse the trend and then look out below
eryba1
November 6, 2013 – 5:23 pm
@msamuels2000: all possible. For now as no competition to stocks most stocks not a HI P/E IMHO, money needs to find a home, MM bank accts cd’s 10yr bond rate at very very low levels so stocks are the only game in town for now
