Here is the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
dpest
November 7, 2013 – 8:48 am
has anyone noticed the movement in bitcoins?
eryba1
November 7, 2013 – 8:48 am
@dpest: Is there a graph char link U want to show us?
dpest
November 7, 2013 – 8:49 am
you can go here and look at the charts at the top of the page.
dpest
November 7, 2013 – 8:49 am
dpest
November 7, 2013 – 8:50 am
i’ve been watching through a widget on my phone for a while, but lately it’s been moving up a lot.
dpest
November 7, 2013 – 8:56 am
ah, found some better charts. here’s a one year chart http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
raj27on
November 7, 2013 – 9:02 am
GM, anyone buying twtr below $30?
jpsr1975
November 7, 2013 – 9:05 am
i bought some shares on the IPO
eryba1
November 7, 2013 – 9:13 am
@raj27on: I have not.
Cody
November 7, 2013 – 9:22 am
Don’t buy $TWTR today for ego. Buy it only if u think it will help you safely grow you money.
Cody
November 7, 2013 – 9:22 am
I’m not planning on buying any $TWTR this morning.
mpage
November 7, 2013 – 9:23 am
TY Cody. You just gave me the push off of the fence I needed on that one.
Cody
November 7, 2013 – 9:24 am
https://tradingwithcody.com/real-time-bitcoin-to-dollar-chart/
Cody
November 7, 2013 – 9:24 am
@dpest: https://tradingwithcody.com/real-time-bitcoin-to-dollar-chart/
raj27on
November 7, 2013 – 9:38 am
thank you. ‘safely grow my money’ aspect probably is the discipline to adhere to
eryba1
November 7, 2013 – 9:39 am
@raj27on: a very important discipline!
raj27on
November 7, 2013 – 9:40 am
just cancelled my buy twtr order at $28
eryba1
November 7, 2013 – 9:40 am
@raj27on: last trade range is 35 pre market
jpsr1975
November 7, 2013 – 9:48 am
i will sell my TWTR shares today….a lot of euphoria maybe
jahmon
November 7, 2013 – 9:48 am
Why is twitter not trading on open market yet?
eryba1
November 7, 2013 – 9:49 am
@jahmon: when they are ready indications 40-44 a share
joe.evicel
November 7, 2013 – 9:49 am
@jahmon: I think they said about a 1 hr delay
eryba1
November 7, 2013 – 9:55 am
adding some LNKD shares today at 217 and some TSLA for a trade at 141
jahmon
November 7, 2013 – 9:56 am
Already time to short it?
eryba1
November 7, 2013 – 9:57 am
@jahmon: ? short TWTR U mean?
jahmon
November 7, 2013 – 9:57 am
Yup
jahmon
November 7, 2013 – 9:58 am
Was kidding really, wanted to be the first to ask
eryba1
November 7, 2013 – 9:58 am
@jahmon: lets see it open first
shorting is not on my list of things to do for TWTR today
drefleury
November 7, 2013 – 10:28 am
anyone have guidance on PCLN’s earnings tonight? I’m a little nervous, which probably means trim. I’m short BTW.
Cody
November 7, 2013 – 10:32 am
$TWTR now being quoted to open at $45-47 #TwitterIPO. I thought it would take a couple weeks to go to $50. Maybe it’s a couple hours in this bubble-blowing bull market instead. I repeat that I am not buying $TWTR today.
jpsr1975
November 7, 2013 – 10:33 am
@Cody: Cody what about PCLN earnings tonight? Trim our puts or hold?
msamuels2000
November 7, 2013 – 10:34 am
Interesting post from a Seeking Alpha blogger on Fairfax debenture just a positioning ploy to emerge with the assets from a future bankruptcy. http://seekingalpha.com/article/1815492-fairfax-financials-debt-investment-in-blackberry-could-wipe-out-shareholders?source=yahoo
Cody
November 7, 2013 – 10:34 am
@jpsr1975: If u’re asking whether or not you should trim some $PCLN puts before earnings tonight, it probably means you’ve got too much exposure to $PCLN puts, so yeah, consider trimming some.
jpsr1975
November 7, 2013 – 10:35 am
@Cody: Thank’s Cody!
Golfcar101
November 7, 2013 – 10:36 am
may be the day to start cree position
jakef1111
November 7, 2013 – 10:40 am
I think twtr will do better then fb just based on float. Fb was being peddled by everyone and the offering was being raised constantly….. I agree with cody about waiting for dust to settle but i dont see buying it 10$ cheaper
jakef1111
November 7, 2013 – 10:41 am
At least not in this market
eryba1
November 7, 2013 – 10:52 am
@jakef1111: there are many positives, Insiders were dumping on FB a BIG negative, TWTR the opposite. For us we can watch and see vs being in. its open 46. a share
jakef1111
November 7, 2013 – 10:52 am
I bought a small nibble at 45
Cody
November 7, 2013 – 10:53 am
$TWTR’s trading $46 to open here. With most pundits and long-only investors seeming to hate this $TWTR valuation, maybe there’s a run to $50? Not sure I’d want to try to catch a 10% move in $TWTR though.
jakef1111
November 7, 2013 – 10:53 am
I also bought some fb thinkin people would want some social media exposure and think twitter opened much higher then expected
eryba1
November 7, 2013 – 10:55 am
@jakef1111: I was in the same bot I was allocated some shares at 33 went to 38 felt good fell to 30 I cut my losses, tried to stay disciplined. Cody was buying 20’s to 18 I bought then and have been rewarded
Cody
November 7, 2013 – 10:59 am
By my calculations, $TWTR just left $1.6 billion of shareholder money on the table by pricing their 80 million shares of stock they’ve sold $20 under where the market is today.
Cody
November 7, 2013 – 10:59 am
I don’t understand why people call this $TWTR IPO a success and why the $FB IPO, which got every damn dollar out of its IPO it could for shareholders, is called a failure. FLIP IT!
jakef1111
November 7, 2013 – 11:00 am
The social media stocks remind so much of B2B stocks when the previous bubble was in full force… All they have to do is make so many pennys per transaction and they will have trillion dollars in revs… CMRC commerce one 1000$ price target everyone plowing in head first….. When it was all said and done those stocks dont even exist anymore….. When the reality sets in and the idea on making pennys per user becomes growing the pennys per user and making money as well continuously i think it will be ugly… Maybe not a good comparison cuz those cos were bleeding money away but thats what it reminds me of
musa
November 7, 2013 – 11:03 am
TWTR looks like it wants to go to $70 by the end of the month. might make a trade in this one soon
jpsr1975
November 7, 2013 – 11:04 am
Sold all my TWTR shares for a nice profit of 85.77%
Cody
November 7, 2013 – 11:05 am
@jpsr1975: Congrats! Nice trade.
Golfcar101
November 7, 2013 – 11:05 am
nice trade
drefleury
November 7, 2013 – 11:08 am
dang, TSLA lost the love
drefleury
November 7, 2013 – 11:10 am
@Cody: Any idea how GSV swung to a profit last quarter? Sure looks suspect… Any thoughts, as earnings are tonight. If it was shady, that could bode well for our puts.
Cody
November 7, 2013 – 11:11 am
GSVC crashing today, down 10% in the last 24 hours. Selling 1/3 of my puts or so.
musa
November 7, 2013 – 11:18 am
TSLA will probably under 100 bucks soon. all the money going to twitter at least today.
Cody
November 7, 2013 – 11:24 am
I love my mother-in-law and she is a brilliant, wise woman. But she just called me about $TWTR. That is not bullish for $TWTR, IMHO.
drefleury
November 7, 2013 – 11:27 am
@Cody: Not sure if my previous post went through. Which strikes are you starting with on GSVC? Higher or lower?
Cody
November 7, 2013 – 11:29 am
@drefleury: Higher
drefleury
November 7, 2013 – 11:29 am
thx
musa
November 7, 2013 – 11:40 am
yea its not bullish until you see it go up another 20 bucks. i say twitter goes higher
msamuels2000
November 7, 2013 – 11:56 am
PCLN put action is pointing to a disappointing ER. I’d almost rather see the common run up a little into earnings leading up to greater disappointment. Those puts go up much higher I’m going to take em off the table and sit out the ER
satishask
November 7, 2013 – 11:56 am
Interesting Bitcoin chart https://tradingwithcody.com/real-time-bitcoin-to-dollar-chart/
satishask
November 7, 2013 – 11:59 am
sorry pressed enter quickly. that means bitcoins went from $14 to $315 in this year. Is Bitcoins a buy still or should we wait. Anyone ?@ Cody? @eryba1: ? I was thinking about it when Cody posted about bitcoins some months ago. Dang should have bot it in 100’s atleast.
satishask
November 7, 2013 – 12:02 pm
what is the best site to buy bitcoins. Is it available in regular trading accounts like optionshouse?
satishask
November 7, 2013 – 12:02 pm
I have an uncontrollable urge to buy bitcoins after seeing that 1 year chart.
Cody
November 7, 2013 – 12:03 pm
@satishask: Take a deep breath first! No rush.
satishask
November 7, 2013 – 12:16 pm
@Cody: I guess you are right. It went up too much in a very short period of time. Please keep us updated when you feel right to add bitcoins. Which site do you use for yours? thanks.
Cody
November 7, 2013 – 12:22 pm
@satishask: Let’s ask Bill, I had him do the BTC stuff for me.
rkumar
November 7, 2013 – 12:24 pm
guys any opinion on tdc??
satishask
November 7, 2013 – 12:30 pm
@Cody: Sure thanks. Let us know.
jahmon
November 7, 2013 – 12:44 pm
Boy…I don’t feel like buying ANYTHING…I’m queasy in this market right now
eryba1
November 7, 2013 – 1:11 pm
@jahmon: hedges finally kicking in today, helping a bit. I amlooking to add tranches in new positions in ZNGA and CREE
jahmon
November 7, 2013 – 1:12 pm
Is the hardest trade a CREE call right now?
eryba1
November 7, 2013 – 1:14 pm
@jahmon: this could be the start of that correctioon we have all wanted to start adding so lets be a bit patient. ZNGA and CREE are new positions for me so I am looking to add down about 4% each today. QQQ hedge acting well. will we c 80? lets see
drefleury
November 7, 2013 – 1:32 pm
@jahmon: I’m with you on CREE… Thinking maybe out to the spring with out of the money strikes.
drefleury
November 7, 2013 – 1:33 pm
And by the chart action, when we get some gains, short the sucker for a month or two…
drefleury
November 7, 2013 – 1:36 pm
although it’s not technically oversold….
Hammer300
November 7, 2013 – 1:40 pm
Watch…..this crazy market or Nasdaq rally into the close
echan008
November 7, 2013 – 2:08 pm
trench in TQNT at 7.40
Bill
November 7, 2013 – 2:17 pm
@satishask: We use Block Chain for out Bitcoin stuff: https://blockchain.info/
rkumar
November 7, 2013 – 2:22 pm
correction has finally started???
eryba1
November 7, 2013 – 2:23 pm
@rkumar: looks like it for the averages for individual stocks still ongoing 10-20% corrections LNKD FB CIEN CREE TQNT
Golfcar101
November 7, 2013 – 2:26 pm
@eryba1: where is your add at on cree
eryba1
November 7, 2013 – 2:27 pm
57.1
Golfcar101
November 7, 2013 – 2:28 pm
thanks
eryba1
November 7, 2013 – 2:28 pm
@Golfcar101: SLOWLY adding as we could easily correct on the QQQ to 80
Golfcar101
November 7, 2013 – 2:29 pm
have no position now was thinking of starting small here
eryba1
November 7, 2013 – 2:31 pm
So taking my time. The declines in LNKD from 250 I think last week it was there prior to earnings so down 37 points so far, added to TSLA again sold that on day of earnings at 173 adding here at 141 today. The decline is picking up steam with tech leading the decline
musa
November 7, 2013 – 2:38 pm
my aapl puts are solid and it seems like everyone here is making money not to mention tomorrow is friday so all is well.
eryba1
November 7, 2013 – 2:41 pm
@musa: today the hedges are working and helping, while tech gets blasted today.
jahmon
November 7, 2013 – 2:48 pm
Anyone adding any hedges?
drefleury
November 7, 2013 – 3:10 pm
Any reason for CREE’s drop?
eryba1
November 7, 2013 – 3:28 pm
@jahmon: adding no maintaining yes
eryba1
November 7, 2013 – 3:30 pm
jobs # tomorrow? people selling extra in anticipation of potential weak # as a result of gov shut down in oct
msamuels2000
November 7, 2013 – 3:31 pm
@eryba1: except nobody actually lost their job
eryba1
November 7, 2013 – 3:31 pm
@msamuels2000: and no one hired either
eryba1
November 7, 2013 – 3:32 pm
weak # doenst help economy but does keep fed on hold, not that i want anymore penecilin for the patient = USA economy
eryba1
November 7, 2013 – 3:39 pm
is anyone adding to hedges, longs, selling?
Golfcar101
November 7, 2013 – 3:40 pm
itchy trigger finger on cree
eryba1
November 7, 2013 – 3:40 pm
@Golfcar101: mine is for LNKD
indiasilver
November 7, 2013 – 3:42 pm
@eryba1: You are adding to TSLA long or short?
msamuels2000
November 7, 2013 – 3:59 pm
Just unloaded PCLN puts almost breakeven. Didn’t like the risk/reward. Good news for my TWC friends is now they will prob miss badly and drop 100 points so your welcome! Glad to take one for the team
indiasilver
November 7, 2013 – 4:00 pm
@msamuels2000: Tell me about it. I unloaded the last of my PCLN puts yesterday…
eryba1
November 7, 2013 – 4:01 pm
from Jim Cramer now: I am looking for the ones they are throwing away because in the end I think it is business as usual. We are in the midst of a growth-stock sell-off. They are always vicious. When they are happening, they always feel like the end of the world. They last for three to four days. Today feels like day two and nothing more than that, particularly because the bonds are tame and rates seem to have stopped going higher. My Charitable Trust is picking away at names tossed out in disgust or fear.
drefleury
November 7, 2013 – 4:04 pm
@msamuels2000: Thank you!
vmontes
November 7, 2013 – 4:05 pm
@msamuels2000
drefleury
November 7, 2013 – 4:05 pm
PCLN – look out below!
vmontes
November 7, 2013 – 4:05 pm
@msamuels2000: Your the man!
drefleury
November 7, 2013 – 4:13 pm
werp… maybe not so bad for pcln.
satishask
November 7, 2013 – 4:14 pm
PCLN down to 950 and now 1000
musa
November 7, 2013 – 4:22 pm
@drefleury: never celebrate too early
fathead
November 7, 2013 – 4:24 pm
pcln up almost 2% now after hours
jchuosu
November 7, 2013 – 4:26 pm
added to SDS calls
jbusma
November 7, 2013 – 4:33 pm
@msamuels2000 “The online travel company posted third-quarter earnings *excluding items* of $17.30 per share…Analysts had expected Priceline to report a profit of $16.15 per share on $2.22 billion in revenue, according to a consensus estimate from Thomson Reuters.” Look like the beat the numbers, but is bad news in the “excluded items”?
msamuels2000
November 7, 2013 – 4:59 pm
@jbusma: missed on revenue but a pretty good beat on earnings
msamuels2000
November 7, 2013 – 5:14 pm
my bad – both earnings and rev beat but guidance and executive shuffling didn’t immediately excite investors
jbusma
November 7, 2013 – 5:26 pm
@msamuels2000 PCLN after hours has been all over the map, so it was hard to tell what the consensus was. You may have done well to get out your puts today..time will tell.
drefleury
November 7, 2013 – 8:10 pm
@musa: so true. Lol
eryba1
November 8, 2013 – 7:56 am
Priceline.com increases estimates, price target at UBS NOV 08, 2013 | 7:38 AM EST PCLN lifted its numbers, UBS said. Excellent execution in strategy led to growth in several important metrics. $1220 price target and Buy rating.
eryba1
November 8, 2013 – 8:01 am
That’s right, at least seven price upgrades on PCLN this am with the target of 1200 or more. Amazing that this company continues to perform and adjust expectations, still flying higher and making a strong move this am.
Cody
November 8, 2013 – 8:17 am
I thought the $PCLN quarter was good but I’m surprised the guidance was good enough to make the analyst bump price targets.
JSmith
November 8, 2013 – 8:29 am
What did u think about FF earnings? What do you think about effects of Renewable Fuel Mandate to be released by EPA at anytime? You trimming any going into this report in case it has negative effects on the near term?
Cody
November 8, 2013 – 8:30 am
@JSmith: I think we’ve trimmed $FF in the past and I’m planning on holding the rest despite any EPA changes.
JSmith
November 8, 2013 – 8:31 am
Ok, thanks
dpest
November 8, 2013 – 8:33 am
@Cody thanks for the link, what are your thoughts on the sudden and continued move up in bitcoins? I’m wondering what the underlying cause is. I haven’t been following them for very long.
calmdaw1
November 8, 2013 – 8:52 am
interesting times we live in when job creation is scary for the market because the welfare check might get cut
msamuels2000
November 8, 2013 – 9:16 am
@dpest: bit coin spikes whenever bernanke gasses up the printing press
dpest
November 8, 2013 – 9:18 am
Lol, well in that case bitcoins should be well over 1000 by now 😉
jjss
November 8, 2013 – 9:23 am
Cody, do you have any idea if AIG is good pickings after its10% fall?
jjss
November 8, 2013 – 9:24 am
@Cody: Cody, do you have any idea if AIG is good pickings after its10% fall?
calmdaw1
November 8, 2013 – 9:24 am
Did anyone see an article yesterday about 2013 having record equity inflows? This would seem to indicate that the little guy is in the market but I can’t find the article this morning.
JSmith
November 8, 2013 – 9:30 am
@calmdaw1: who knew 100k of jobs in the entire country makes such a difference. Wonder how accurate those numbers are anyways.
jahmon
November 8, 2013 – 9:38 am
PCLN – riches to rags unfortunately. Were some sweet returns before er…
drefleury
November 8, 2013 – 9:42 am
gsvc cratering again?
jahmon
November 8, 2013 – 9:50 am
Our GDX calls just in shambles. For such good times there is a ton of red in the portfolio
rkumar
November 8, 2013 – 10:21 am
anyone see activist buyer of rvbd??
rkumar
November 8, 2013 – 10:29 am
could tdc be next>>??
JSmith
November 8, 2013 – 10:43 am
FF 10% down. Any ideas?
arnold
November 8, 2013 – 10:44 am
C they rep ported
arnold
November 8, 2013 – 10:45 am
They beat on earnings by a nice margin ???
JSmith
November 8, 2013 – 10:53 am
It is taking it in the shorts, must of been something from the CC
kirank
November 8, 2013 – 10:55 am
Cody, any thoughts on OTEX?
bond
November 8, 2013 – 11:24 am
Cody I am starting to appreciate the scope of AAPL …is it still one of your favourite stocks or has that changed ?
Cody
November 8, 2013 – 11:26 am
@bond: Still like the $AAPL
Cody
November 8, 2013 – 11:26 am
@kirank: Don’t know OTEX
Cody
November 8, 2013 – 11:26 am
As the market sits here seemingly churning near the all-time highs, and crawling higher on today’s “blowout” jobs report, I think it’s a prime time to do our poll of who’s more scared right now, the bulls or the bears?
bond
November 8, 2013 – 11:28 am
thank you it feels like AAPL wont see $500 again (outliers aside)
doug.sekula
November 8, 2013 – 11:30 am
@Cody: Bulls
calmdaw1
November 8, 2013 – 11:34 am
@Cody: bears.
jpsr1975
November 8, 2013 – 11:36 am
bears
Strange-Currencies
November 8, 2013 – 11:39 am
Bears.
calmdaw1
November 8, 2013 – 11:39 am
I think TSLA will breach 130 today.
echan008
November 8, 2013 – 11:45 am
@Cody: As the market is getting near all-time highs, the UVXY is getting near all-time lows. Should I buy some?
rkumar
November 8, 2013 – 12:14 pm
im with cosy–its 1999
rkumar
November 8, 2013 – 12:15 pm
and oil goes to 75 nxtt year
rjedro
November 8, 2013 – 12:27 pm
Hi Cody. Any thoughts on CUDA?
paulvb
November 8, 2013 – 12:34 pm
Bulls.
nevy72
November 8, 2013 – 12:37 pm
Cody – How would you trade XONE heading into their ER this coming Wednesday afternoon? Strong results from DDD and SSYS mean anything?
JSmith
November 8, 2013 – 1:01 pm
Cody, any interest in SWIR?
satishask
November 8, 2013 – 1:06 pm
Bears are scared
nmantle
November 8, 2013 – 1:08 pm
Bears are scared (at least I am)
nmantle
November 8, 2013 – 1:08 pm
Correction – Meant Bulls
jjss
November 8, 2013 – 1:11 pm
@Cody: I was preoccupied yesterday and didn’t realize the imminent ER for PCLN; why wouldn’t you have recommended selling at least some yesterday?
MOBYDOC
November 8, 2013 – 1:32 pm
@Cody: BULLS ..
nimsri
November 8, 2013 – 1:38 pm
Bears
nevy72
November 8, 2013 – 1:39 pm
Bears are scared, I think?????
msamuels2000
November 8, 2013 – 2:14 pm
I’ve been over protective of my capital (bearish) and scared I’m missing the boat so I guess the bears
eryba1
November 8, 2013 – 2:20 pm
@nevy72: Bull or bear whose more scared? I believe thats a very subjective question. At yesterdays close investors holding CIEN TQNT CREE LND JNPR FB in any sizeable way and other stock specific names were feeling VERY VERY BEARISH. These names have fallen 10-20% in a straight line. Even though some of these names are up big 10-20% declines straight down is scary. So until yesterdays close the averages have help up well aside for the russell 2000 = small cap names. So these investors were feeling bearish.
jahmon
November 8, 2013 – 2:28 pm
Bears
jahmon
November 8, 2013 – 2:29 pm
Should we be thinking about GDX puts? This has been a one way trip down with no end in sight…
eryba1
November 8, 2013 – 2:41 pm
@jahmon: It sure looks that way. Do U have stops in place on common shares? I have decided to wait until the GDL crosses above the 50 day avg and follow through with volume to see a new uptrend is in place
eryba1
November 8, 2013 – 2:49 pm
an uptrend should last longer than trying to pick spots on the downside while the $$ allocated sits idle or losing money, instead of uptrending stocks that have pulled back to support area and could resume a new uptrends.
eryba1
November 8, 2013 – 3:18 pm
TWTR down 8% today
msamuels2000
November 8, 2013 – 3:20 pm
Safest play right now is shorting BBRY into bankruptcy. As long as people keep buying $10 calls I’m going to sell them. May have to wait 12-18 months but it’s like writing myself a check every time a trade goes through
eryba1
November 8, 2013 – 3:22 pm
@msamuels2000: I would rather invest on long side of stocks and their upside vs shorting BBRY and a possible white horse savior for all or some of their company and its intellectual properties which would squeeze the shorts potentially
msamuels2000
November 8, 2013 – 3:26 pm
@eryba1: The way they are burning through their cash it can’t be saved and now they are losing their place as the defacto standard for defense contractors. That was the only defend-able position they had left. Assets are worth about $2 / share and falling fast
eryba1
November 8, 2013 – 3:30 pm
@msamuels2000: I feel the same, but dont want a part trying to short it into bankruptcy, when a white knight can arrive to drive your position the wrong way. For a trade it may be fine for an investment in any size I would not.
msamuels2000
November 8, 2013 – 3:34 pm
@eryba1: good advice!
eryba1
November 8, 2013 – 3:35 pm
@msamuels2000: I think we are better off understanding FB and a possible support level found. Understanding the cheap PE valuation in AAPL. Understanding amazon is a GREAt play on holiday shopping the next 2 months and years to come.
eryba1
November 8, 2013 – 3:39 pm
For anyone interested Today I have let go of my QQQ short I think we are headed higher into year end, this was a shakeout that was needed and reset many stocks.
eryba1
November 8, 2013 – 3:42 pm
I am VERY interested to see what will eventually (if correct) spark the GOLD upside which has eluded us all for many many months after its correction from 1895 to 1250 currently at 1287. Call me suspect until we see an uptrend emerge
eryba1
November 8, 2013 – 3:51 pm
now this from cramer: yesterday was a Bottom? Thursday was one of those selloffs that didn’t have a lot of gravitas. Sure, maybe the market should have gone up on a European Central Bank cut. But I didn’t think it should. Much of my thesis for positive fourth-quarter earnings surprises stemmed from currency upside, but that’s lost if the euro stays this weak. I was concerned about Whole Foods (WFM) and Qualcomm (QCOM) being weaker than expected, but I didn’t think the market’s hideous selloff could be that deeply rooted in the disappointing results from those senior growth names. I also didn’t buy into the notion that Twitter (TWTR) represented a top based on the irony of the public at last coming back to stocks because I don’t believe — and have never believed — in irony as a p
eryba1
November 8, 2013 – 3:51 pm
No, my thinking — something I shared with Stephanie Link and Matt Horween — was that somebody knew something we didn’t and if nothing big happened, then we would be game-on. Well, nobody knew anything and the selloff is now looking a little like the classic kind of buying opportunity this market keeps giving us. Let me be a little more severe, though, so I can be as unassailable as those who said it was the real deal: Go sell what you bought yesterday and lock it in. That way I do not have to assert that yesterday was the bottom. I just need to say it was an opportunity, because I am tired of being lambasted for being bullish even if I am right.
MOBYDOC
November 8, 2013 – 4:30 pm
@eryba1: Well said !
doug.sekula
November 8, 2013 – 4:31 pm
@eryba1: YUP!!!!!
doug.sekula
November 8, 2013 – 4:32 pm
Wish more people would create there Gravitar for this site.
MOBYDOC
November 8, 2013 – 4:42 pm
@doug.sekula: How did you do it?
doug.sekula
November 8, 2013 – 4:53 pm
@MOBYDOC: Go to Gravitar.com, sign up then upload a picture to your desktop and then attach it to your Gravitar Avatar.
MOBYDOC
November 8, 2013 – 5:32 pm
@doug.sekula: Thx. I think ?
nevy72
November 8, 2013 – 6:33 pm
Cody – How would you trade XONE heading into their ER this coming Wednesday afternoon? Strong results from DDD and SSYS mean anything?
eryba1
November 11, 2013 – 8:16 am
GM- Cody has been saying for some time about places to put your money co compete with stocks and the possible duration of this bull market in the non competitive market for money. Jim Cramer chimes in this morning with very similar thoughts: So let’s put it like this: As a bull, I could read these stories and have said, “That’s it. I have been a bull since March of 2009 and I want out. This is it. I am done.” I do see plenty of areas I want to avoid, because they seem expensive. But to pull out now because individual investors are “back,” even as they are barely in town? Let’s just say, find me something else good to do with my money and I am there. If not, feed me some more negatives.
eryba1
November 11, 2013 – 8:16 am
I need them to convince me to put my money in a CD yielding 0.82%, the current rate in a five-year piece of paper — something that, in the end, seems pretty frothy to me.
eryba1
November 11, 2013 – 9:08 am
Yesterday, Amazon (NASDAQ:AMZN) reached a deal with the US Postal Service to deliver packages on Sundays to New York and LA customers. In 2014, Houston, Dallas, New Orleans, and Phoenix will also get Sunday deliveries. It’s a definite boon to the postal service, which lost $11.6 billion in the first nine months of this year alone, and for Amazon prime members, but not as good for competitors who don’t have the clout to negotiate a special deal like this. Read more: http://www.minyanville.com/business-news/politics-and-regulation/articles/Amazon-Convinces-Postal-Service-to-Deliver/11/11/2013/id/52629#ixzz2kLVs8gXI
nevy72
November 11, 2013 – 9:19 am
Hi Cody – How would you trade XONE heading into their ER this coming Wednesday afternoon? Strong results from DDD and SSYS mean anything?
eryba1
November 11, 2013 – 11:25 am
3D stocks leading performers today.
echan008
November 11, 2013 – 11:35 am
Should we trim XONE b4 Wed ER?
eryba1
November 11, 2013 – 11:38 am
@echan008: very subjective question. How much do U have? % of portfolio? cost basis?
echan008
November 11, 2013 – 11:39 am
2nd largest in my portfolio. 20%.
msamuels2000
November 11, 2013 – 11:39 am
@echan008: This is a tough call for me – My XONE calls expire Friday. Up big but the contract price hasn’t caught up to the share price yet. Probably bank the calls if the prices synch and let my common ride
eryba1
November 11, 2013 – 11:40 am
@echan008: up 20% into earnings or 20% of your portfolio, 2nd largest holding? 20% for one position is too large IMO
echan008
November 11, 2013 – 11:41 am
@eryba1: 20% portfolio and 22% earning. I bot it at $49
eryba1
November 11, 2013 – 11:44 am
@echan008: from those #’s U already know my response. Protect your gains. U can always buy back some or all or more of what U sold when U know its safer to do so after earnings and markets reaction to them if they are good. If they are taken negatively we have seen what can be done to a stock like CREE TQNT JNPR even w/o earnings a CIEn from 27.6 to 23
echan008
November 11, 2013 – 11:44 am
@eryba1: I am very good at trenching in but I am not good at trimming.
eryba1
November 11, 2013 – 11:46 am
@echan008: so begin the process of trimming if you want to lock in some of those gains and then have free capital to invest back in xone after earnings and or other stiocks that have reported that have corrected or pulled bk a bit. Like a FB CREE TQNT AMZN
eryba1
November 11, 2013 – 11:46 am
Let me add LNKD as well and GOOG. GOOG trades at a multiple like Clorox, back out its cash and less than that. APPLE in the same camp
echan008
November 11, 2013 – 11:47 am
@eryba1: Thanks. I will probably trim 1/3 today or tomorrow and wait till ER.
eryba1
November 11, 2013 – 11:48 am
@echan008: sounds like a plan, U can NEVER EVER go wrong selling 20% gains.Its the 20% losses U never want to be part of. Especially with a holding thats 20% of your portfolio! Thats too dangerous again IMO.
eryba1
November 11, 2013 – 11:50 am
Take the free cash and buy strong stocks who ran into earnings and pulled bk afterwards from a FB, LNKD, CREE or stronger reports from a GOOG AMZN FSLR who pullback to find support areas
echan008
November 11, 2013 – 11:53 am
@eryba1: Exactly. Thanks.
rkumar
November 11, 2013 – 12:35 pm
anyone like twtrr at a partivular price??
eryba1
November 11, 2013 – 12:36 pm
@rkumar: yes at a multiple thats not 17X FB’s sales
eryba1
November 11, 2013 – 12:38 pm
We all know its growing has value its a just way overpriced on NO earnings, market doesnt care for now. For now I would rather own a LNKD, FB, AMZN,GOOG, into year end
jahmon
November 11, 2013 – 1:45 pm
Cody, with our January GDX calls, is there any point here where the best move is to sell and preserve any remaining capital?
doug.sekula
November 11, 2013 – 2:00 pm
FB looking tempting
tendency
November 11, 2013 – 2:01 pm
wait for ~42 or so on FB then ride it to 60-70 by may
eryba1
November 11, 2013 – 2:04 pm
@jahmon: good question but with codys take on GOLD and gdx outlook and targets he would just be holding and waiting.
doug.sekula
November 11, 2013 – 2:10 pm
@tendency: Sounds good to me!
msamuels2000
November 11, 2013 – 2:12 pm
@eryba1: Elad do you think there is anything to the premise that TWTR is taking enough demand from FB to move the needle slightly negative and when the twitter glitter runs out investors will head back to FB?
Jeffhok1970
November 11, 2013 – 2:15 pm
how low can the $vix go?
eryba1
November 11, 2013 – 2:15 pm
@msamuels2000: aside from Fb acting that way, Personally I do not think that. For now TWTR is the new shinny bike on the block. I can only speak from my own usage with friends and family that our FB usage is only increasing not decreasing. FB much richer media format. and the fact FB U allow users in vs TWTR anyone can come in is a HUGE thing for me personally and others. These and other items I highlighted in the article I wrote for TWC when Fb was in the mid 20’s and I fell no different about that today.
jahmon
November 11, 2013 – 2:17 pm
@Elad But he also now thinks it will be more like 18 months…his options expire in January 2014
jahmon
November 11, 2013 – 2:19 pm
BTW, I just bought some CREE TW Series bulbs…can’t wait to give them a try.
jahmon
November 11, 2013 – 2:19 pm
Doing my part to increase the stock price
eryba1
November 11, 2013 – 2:20 pm
@Jeffhok1970: sometimes it can be misleading as individual stocks do their own thing while markets go up or down as we have just seen, thus lets watch vix, breadth, greed / fear index, oscillator etc but firmly watch the action in each particular stock holding
eryba1
November 11, 2013 – 2:21 pm
@jahmon: again longer term outlook and he doenst mind waiting for it to rise as gold has been in a channel 1350 to 1250
eryba1
November 11, 2013 – 2:27 pm
@jahmon: how many lumens?
SamsaricSufferer
November 11, 2013 – 2:32 pm
3D printers are jacked up today. How do you guys feel about selling covered calls up here and buying them back cheaper on a retrace?
musa
November 11, 2013 – 2:37 pm
@SamsaricSufferer: sounds like a good idea. ill probably do the same before the close
echan008
November 11, 2013 – 2:39 pm
@eryba1: Trim 1/3 XONE at 61.50 for 25% profit. But my GDX, FB, TQNT, and LNKD are still in red. FB is oversold today. (Based on wallstreetallstars.com). Thinking of trench in some FB.
eryba1
November 11, 2013 – 2:42 pm
@echan008: 25% pr Nice move lock some in. LNKD I bot some last week around this level yes oversold. TQNT looks like it wants to retest 7, FB lets see if it can find support here at 46.5. GDX fri in the green as gold was down and today staging a comeback near green today.
echan008
November 11, 2013 – 2:48 pm
@eryba1: my TQNT cost basis is 7.8. I may buy some more when it retest 7.
eryba1
November 11, 2013 – 2:50 pm
@echan008: thats why we buy tranches so we dont have an all or nothing and possibly miss if we are to have a style to buy pullbacks vs strength.
eryba1
November 11, 2013 – 2:51 pm
TSLA- getting a much deserved needed bounce today from a very oversold level
jahmon
November 11, 2013 – 2:51 pm
@eryba1 2700 lumens soft white 60w
eryba1
November 11, 2013 – 2:52 pm
@jahmon: thats a good #. I had bought CREE 850 Lumens and it was inadequate 1675+ lumens is equivalent to a 100W standard incandescent light bulb we have become accustomed to.
jahmon
November 11, 2013 – 3:09 pm
I’ll report back. If I like them I’ll probably buy the 40w versions as well.
jahmon
November 11, 2013 – 3:10 pm
Built to last 20 years at $1 a year using 3 hours a day…
msamuels2000
November 11, 2013 – 3:11 pm
@eryba1: I like to keep the lumens to a minimum. Around 650 is where I start to become more attractive
eryba1
November 11, 2013 – 3:12 pm
@msamuels2000: romantic light setting I understand!!
msamuels2000
November 11, 2013 – 3:14 pm
Does XONE look overbought or is there more room. Timing couldn’t be better for this run but I don’t want to get greedy
Olivepetunia
November 11, 2013 – 3:43 pm
Buying opportunity for FB? Any thoughts anyone?
jahmon
November 11, 2013 – 3:45 pm
Cody mentioned today on Scutify that he keeps expecting a 10-20% pullback from the $50 range
jahmon
November 11, 2013 – 3:45 pm
fo FB
eryba1
November 11, 2013 – 3:52 pm
@Olivepetunia: I believe If U wanted a pullback and wanted to add more or to start a position its a good place to start. We have been here for the 2nd time in 2 weeks.
jahmon
November 11, 2013 – 4:05 pm
Wish I would have bought Voxeljet at $31 when we had the chance
vmontes
November 11, 2013 – 4:05 pm
jahmon- I’m with you!
MOBYDOC
November 11, 2013 – 4:18 pm
@jahmon: @vmontes: me too!
rkumar
November 11, 2013 – 4:57 pm
twtr rallies is what no one expects
jahmon
November 11, 2013 – 7:20 pm
@eryba1 Sorry, the 60w Cree TW series bulbs have 800 lumens
Lu
November 11, 2013 – 9:57 pm
I feel that in an effort to get your baby, Scutify, going, you have neglected this chat.
eryba1
November 12, 2013 – 3:33 am
@jahmon: big difference- Try the 800 if U R a fan of low dim lighting which you stated is where you shine and look your best you will love it. To me they felt like 50 watt bulbs in the room I tried them in and as a result were not bright enough to “LIGHT UP” the room as I needed.
eryba1
November 12, 2013 – 3:35 am
@Lu: On the contrary Cody has made more and more midweek appearances here than ever before in addition to the weekly chat. Many wanted him here more often and he made himself visible and available on this chat almost on a daily basis.Were you needing some specific info?
drefleury
November 12, 2013 – 9:08 am
@Cody – VIX calls? I’m considering nibbling on some.
Lu
November 12, 2013 – 9:30 am
@eryba1 Cody makes many more daily comments on Scutify than he does here. He also makes very few comments about open orders. In addition, many of his subscribers ask daily questions that go unanswered. All that being said, Cody is good at what he does, it would be nice if he would share his views more often.
eryba1
November 12, 2013 – 9:43 am
@Lu: then lets bring it up in the wed 2pm chat. I have his app but dont follow its daily. If thats the case and he does post there more than here with more vital info then here then maybe that needs to be addressed.
eryba1
November 12, 2013 – 9:44 am
CIEN acting better has it found some support at 23? lets wacth
eryba1
November 12, 2013 – 9:49 am
JIM CRAMER this morning cofirming what we here have all been saying and seeing APPLE: This weekend we heard about how they are going to launch larger-screen phones and flexible phones, two well-liked characteristics of competitor Samsung’s phones. Then we heard from Piper Jaffray, the endless defender of Apple, that it has a new in-home patent that could help them develop the living room. That, plus an incredible article about how Apple’s solidifying a huge lead in Japan where sales are extraordinarily strong. And what does the stock do? Nothing. It is now back entirely to its underperforming ways.
eryba1
November 12, 2013 – 9:49 am
Which brings me to a remarkable conclusion: Apple’s become hated. There is no other justification for this discount. Apple were could bid $35 billion for Twitter, a nice premium to the $25 billion valuation to which I actually think the stock would jump. I reiterate that even up here if Apple were to buy Netflix at $30 billion it would get the stock going.
eryba1
November 12, 2013 – 9:50 am
As much as I like how Icahn has galvanized managements to return cash, I think returning cash the way Icahn wants is a big mistake. It will do nothing for the longt erm. But sitting on cash isn’t going to do anything either. That’s why, as much as I like Apple, unless it stops talking to Icahn and starts talking to bankers about an acquisition that gives them “social” the stock will be dead in the water until estimates come down so far that it can blow them away. And judging by the action — we aren’t there yet.
eryba1
November 12, 2013 – 10:10 am
@Lu: as for Cody and his increased presence you are speaking of for scutify I believe he is just trying to get it launched and moving in the direction the TWC site is now at and hopefully further.
msamuels2000
November 12, 2013 – 10:20 am
GLD & PHYS approaching oversold again. Just need a little more time to simmer
msamuels2000
November 12, 2013 – 10:27 am
XONE has run up to their last three ERs then sold off 10% directly after. I think we will see a little movement higher tomorrow but either way history is telling me to sell out of the calls before the ER
eryba1
November 12, 2013 – 10:28 am
@msamuels2000: on its most recent run after its BIG decline to 42 it went to 62 a near 50% rise
jahmon
November 12, 2013 – 10:30 am
@eryba1 Will let you know when I get the CREE
eryba1
November 12, 2013 – 10:30 am
@jahmon: NP
jahmon
November 12, 2013 – 10:30 am
oops when I get the CREE lightbulbs installed. Also buying some of the 30’s for recessed lighting
eryba1
November 12, 2013 – 10:31 am
@jahmon: i understood u meant bulbs
Cody
November 12, 2013 – 10:33 am
@Lu: We’re trying to develop a TWC app that works as well as the Scutify apps, which enable me to post to http://Scutify.com so easily. I’ve been here in the chat room a LOT more lately, but the last few days I’ve been swamped with finishing a couple Deep Dives for subscribers who requested them. I am in the Subscriber Chat Room most days at least a couple times and try to get all the questions answered that I see. Sorry for not being here even more.
eryba1
November 12, 2013 – 10:33 am
I am like the action in FB VERY much could we have or be forming a W bottom here and the vol 60 min into the trading day is quite strong at 26M when avgdaily vol is 77M
Cody
November 12, 2013 – 10:34 am
@drefleury: VIX calls are looking like a good price for hedging the portfolio here again.
eryba1
November 12, 2013 – 10:40 am
lets see FB get above its 50 day avg of 48.5 and go from there to determine its next true direction short to mid term
jahmon
November 12, 2013 – 10:43 am
Cody, what about our existing VIX calls that are quite red?
Cody
November 12, 2013 – 10:47 am
@jahmon: I’m just holding the existing $VIX calls hedges steady. Portfolio going up, VIX calls going down.
calmdaw1
November 12, 2013 – 10:49 am
@Cody: any thoughts on RAX?
Cody
November 12, 2013 – 10:52 am
@calmdaw1: Not really, haven’t looked at the valuation there in a while. From JPM: RAX – Sept results better than print ests; they guide Dec revs up 3-5% Q/Q (the St is modeling 3.8%); mgmt. says they are seeing some signs that trends are beginning to turn for the better (although they caution this progress may not be linear); overall investors were a bit underwhelmed (the stock traded down to ~$45 in the after-hours vs. a $49+ close) as 1) there was some hope revs would show more acceleration and 2) during the call mgmt. talked about margins staying around 30% for now (they have been doing low-30%s in the last few qtrs. so this remark suggests the model won’t see near-term leverage); nothing was “bad” in the Q but w/the stock having a strong recent run (up ~40%+ off the June lows) the co needed to “do more” to get the stock much above $50 in the near-term; Revs $389MM (vs. the St $387.5MM), EBITDA $125MM (vs. the St $113MM), EBITDA margins 32.1% (vs. the St 29.16%), public cloud revs $108.4MM (vs. JPM $105.4MM), monthly upgraded +1.5% (inline w/JPM est), churn 0.8% (better than JPM’s 1% forecast). For Dec, they see revs up 3-5% Q/Q (St modeling +3.8%). They will give ’14 guidance on the Q4 call in Feb.
calmdaw1
November 12, 2013 – 10:55 am
@Cody: ok, thanks.
calmdaw1
November 12, 2013 – 10:57 am
I am watching TSLA for a re-test of the 132 area. I think it breaks lower
Lu
November 12, 2013 – 10:58 am
@cody: thanks for your response. I admire what you are doing with Scutify but actually prefer the instant feedback that is available here. I hope that you will make a greater effort to discuss open positions with us because the market changes so quickly, and I, at least, and often wondering if a change in price is an opportunity to buy more or an indication that I should sell and get out.
eryba1
November 12, 2013 – 10:59 am
@calmdaw1: watching along with U as I have some long shares in TSLA looking for a bigger bounce than yesterdays 5% thats being negated today.
calmdaw1
November 12, 2013 – 11:00 am
@eryba1: I have puts as far out as March 14 and down to $100.
eryba1
November 12, 2013 – 11:00 am
@calmdaw1: that would sting, but I would have cut lose by then if thats the case 10% down is my limit even for the few shares I now have
Cody
November 12, 2013 – 11:06 am
@Lu: Thanks and I agree.
Jeffhok1970
November 12, 2013 – 11:12 am
I bought a few CREE 03/22/2014 65.00 C this morn for $3.52.
calmdaw1
November 12, 2013 – 11:15 am
GLD looks like a head and shoulders
Cody
November 12, 2013 – 11:16 am
$CREE is looking good from a short-term trading perspective. Longer-term, I’m also a believer, as you guys already know.
JSmith
November 12, 2013 – 11:20 am
@Cody: any luck looking at SWIR?
Cody
November 12, 2013 – 11:27 am
@JSmith: I looked at $SWIR, but it’s always been and still is too commoditized and cyclical a business for me to invest in. If you can ride the cycles of the fundamentals and thusly the stock up and down, you can really make $SWIR a great trading vehicle, but it’s not a Revolution Investment.
JSmith
November 12, 2013 – 11:28 am
@Cody: thanks
Cody
November 12, 2013 – 11:29 am
Have any of you bought BitCoins?
JSmith
November 12, 2013 – 11:30 am
@Cody: nope, no idea even how you buy them. If I bought them, the value would crash
jahmon
November 12, 2013 – 11:36 am
Hahaha…JSmith you sound like me now…\
JSmith
November 12, 2013 – 11:37 am
@jahmon: we should do the opposite, then maybe one of us would make money…however, the likely result with options would be a stagnate stock price, and we both lose
jahmon
November 12, 2013 – 11:42 am
Cody, would you agree with this assessment? “BOTH Ciena and FNSR were taken down after ATT said they were reducing CAPEX from $21 Billion in 2013 to $20 billion in both 2014 and 2015. BUT, if you read the transcript of the CC, they also said that fiber could be stronger. They initially hit Ciena much harder than FNSR because ATT is such a big customer for Ciena that they would be impacted more. BUT, they ultimately DID take FNSR down close to its August gap recently, even though ATT doesn’t comprise anywhere NEAR the proportion of revenues for FNSR as it does for Ciena”
Cody
November 12, 2013 – 11:44 am
@jahmon: Yes
jahmon
November 12, 2013 – 11:44 am
Real concern or just an opportunity for shorts to take the stock down on manufactured fear?
jahmon
November 12, 2013 – 11:45 am
I know I have happy ears when it comes to CIEN.
jahmon
November 12, 2013 – 11:48 am
This was an excerpt from a pretty good post on the CIEN Yahoo! board under the subject line “OBVIOUS gap fill!”
ebdavids
November 12, 2013 – 11:50 am
@Cody: now that you’ve raised the subject, a reminder that you were going to do a work-up on bitcoins: we discussed it in the Q&A week before last. At a minimum, please cover reliable/best place to price and buy. Thanks!
jahmon
November 12, 2013 – 11:59 am
Time to take any more GSVC put profits?
jahmon
November 12, 2013 – 12:02 pm
YELP and Pandora leading the momo’s today…
jahmon
November 12, 2013 – 12:05 pm
Some talk that Pandora the jewelry maker increased guidance and Pandora the music service is possibly benefiting from a ticker mix up. Pretty funny actually.
nevy72
November 12, 2013 – 12:11 pm
Hi Cody – How would you trade XONE heading into their ER this coming Wednesday afternoon? Strong results from DDD and SSYS mean anything?
redstone
November 12, 2013 – 12:23 pm
I thought Cody was short PCLN (long puts)??
jahmon
November 12, 2013 – 12:29 pm
He must have overlooked that one. Yes, he is.
redstone
November 12, 2013 – 12:30 pm
easy to overlook
jjss
November 12, 2013 – 12:42 pm
@Cody: @eryba1: I would like to suggest that Cody post an “ER Alert” , at least for options holdings, if not for each and every holding, on ER day (or leading up to that day), discussing various options (no pun intended) on how to navigate through the ER.
eryba1
November 12, 2013 – 12:44 pm
@jjss: bring up your question and idea at tomorrows 2pm chat. Normally going into Earnings if a stock has run up or down alot we comment on it in this chat room, perhaps not all questions but we usually talk about a stock.
jjss
November 12, 2013 – 12:46 pm
@eryba1: I appreciate that, but I am specifically asking for an “alert” post (and corollary email), as that certainly impacts me much more strongly
eryba1
November 12, 2013 – 12:47 pm
one of my FAV TA is looking to see if the S&P can break above the 1776 mark. A rally ABOVE this same key zone would suggest the next move would be towards the 1812.14-1824.05 area.
jjss
November 12, 2013 – 12:48 pm
@eryba1: …but I will try to bring it up tomorrow, thanks for the idea…. btw FAV TA?
eryba1
November 12, 2013 – 12:48 pm
Oh OK. Fav- Favorite and TA- Technical analyst
jjss
November 12, 2013 – 12:49 pm
Thx
eryba1
November 12, 2013 – 12:49 pm
@jjss: just some texting shortcuts I have become used to typing up.
jjss
November 12, 2013 – 12:49 pm
gotcha…back later!
Midtown
November 12, 2013 – 1:06 pm
I was reading about Bitcoin Sunday night and opened up an account to purchase some. I’m thinking it’s worth a very small investment as a speculative hedge. I am looking forward to your consistent insight and overview of Bitcoin.
nevy72
November 12, 2013 – 1:25 pm
@Midtown: Where did you open an account?
Cody
November 12, 2013 – 1:26 pm
@redstone: I am
Cody
November 12, 2013 – 1:26 pm
@nevy72: Oh, crap
Cody
November 12, 2013 – 1:26 pm
I see it’ smissing on the page
Cody
November 12, 2013 – 1:26 pm
putting on ther enow
Cody
November 12, 2013 – 1:27 pm
Priceline (7)
Cody
November 12, 2013 – 1:27 pm
I don’t know why it wasn’t there, I had rated it, but must have not pasted it or something
Cody
November 12, 2013 – 1:27 pm
good catch, thanks.
Cody
November 12, 2013 – 1:33 pm
@ebdavids: On it right now, actually.
Cody
November 12, 2013 – 1:35 pm
@jjss: Good idea, will start to do that. I think $XONE is a crap shoot tonight, but I’d rather be long than short and will buy more if it gets crushed tomorrow. I have $XONE call options I probalby need to trim now before the report.
nevy72
November 12, 2013 – 1:37 pm
@Cody: You’d rather be long because you own it at much lower levels or would you start a new position at the current $59 if you did not own it?
calmdaw1
November 12, 2013 – 1:39 pm
@Cody: I thought XONE was tomorrow?
nevy72
November 12, 2013 – 1:40 pm
@calmdaw1: Tomorrow after the close is correct.
Midtown
November 12, 2013 – 1:42 pm
@nevy72: Coinbase
nevy72
November 12, 2013 – 1:42 pm
@Midtown: TY
Cody
November 12, 2013 – 1:43 pm
@nevy72: If I didn’t own any $XONE, I’d buy a 1/3 position before the report and then play it as it comes after. I bought calls when it cracked and hit low $40s.
nevy72
November 12, 2013 – 1:43 pm
Midtown
November 12, 2013 – 1:53 pm
Articles about physical Bitcoins are quite interesting. I tried to get my programmer to set up a mining system in 2009, but he said it wasn’t worth it. I should’ve ignored him. 20/20 hindsight-lol
Cody
November 12, 2013 – 1:55 pm
Very interesting article with implications for $INTC, $AAPL and $MU #Apple Charge to 64-Bit is a Positive for $FORM ($MU) ($AAPL) http://bit.ly/17sJpf9
Cody
November 12, 2013 – 1:56 pm
@Midtown: You think it’s too late? I could see Bitcoin going up another 10-fold if all these BitCoin investment businesses get approval.
eryba1
November 12, 2013 – 1:58 pm
@Cody: look at the cover of time magazine this week and the use of bitcoin as a currency on the web on the non traceable search engine called TOR: https://www.torproject.org/
Midtown
November 12, 2013 – 2:00 pm
@Cody: It does seem to be gaining critical mass. I don’t know enough yet to say, with that said, I think it’s worth taking a small position and diving deeper into the dynamics of its future value.
Midtown
November 12, 2013 – 2:03 pm
Bitcoin- Should we give Bitcoin a $ sign in front of it or is that too much irony?
Midtown
November 12, 2013 – 2:04 pm
Remember when http://www.xxxx.com started showing up in every commercial, then facebook, twitter, and now Bitcoin. Could that be a serious sign of disruption?
nevy72
November 12, 2013 – 2:10 pm
@Cody: Do you see a pullback anytime soon with bitcoins from the current 352?
rkumar
November 12, 2013 – 2:44 pm
oil down 2 plus bucks–
rkumar
November 12, 2013 – 3:08 pm
csco easrnings tomorow night??
jahmon
November 12, 2013 – 3:11 pm
GSVC $12 strike now up 98%
jahmon
November 12, 2013 – 3:21 pm
SLV is now under $20, Cody. Didn’t you mention buying calls at this level?
eryba1
November 12, 2013 – 5:05 pm
CEO Musk on TSLA shares at todays closing price” With the pullback in shares, Musk said he thinks “the stock’s a pretty good deal right now.””
msamuels2000
November 12, 2013 – 7:34 pm
@jahmon: gld and slv over sold but the volume has slowed to a trickle. It might take an event to wake them up
jahmon
November 12, 2013 – 11:24 pm
Wow…knowing Cirrus was being phased out of some APPL products would have made for a great short…
eryba1
November 13, 2013 – 9:50 am
GM we are getting further oversold on the markets yet individual stocks seems to have found some footing. ZNGA up 4% this morning. FB trying to turn green. LNKD up less than 1%. TSLA up 1.5%, Cree trying to find the green as the 3 market averages are down .25-.4%
eryba1
November 13, 2013 – 9:51 am
FSLR is also acting well up 1.5% in very early trading.
doug.sekula
November 13, 2013 – 10:09 am
GM all, @eryba1: after selling a lot of my FSLR after earnings, when would it be a good time to get back in to increase my exposure? Still holding some at 60% gains.
eryba1
November 13, 2013 – 10:10 am
@doug.sekula: it seems it wants to RUN yesterday’s downside at 60.5 was a good buy. Up to you if U want to chase and increase your cost basis and or wait for a pullback
eryba1
November 13, 2013 – 10:10 am
@doug.sekula: if U have $$ to invest why not invest in another name that hasnt seen upside yet and has corrected quite a bit such as a LNKD, CREE, ZNGA, or slight pullbacks in AMZN GOOG AAPL
eryba1
November 13, 2013 – 10:12 am
@doug.sekula: or I u have none and want to dip a toe in some GLD or GDX. Once again its in a channel per OZ Gold is 1350 top of channel and 1250 bottom of it. Yesterday it was at 1260
doug.sekula
November 13, 2013 – 10:17 am
@eryba1: Sold some more of my already heavily sized CIEN position, was thinking of buying more FB at these levels. Was thinking of ZNGA but thought I missed the boat from $2ish. Buy some TQNT, have none since I dumped all after earnings.
eryba1
November 13, 2013 – 10:18 am
@doug.sekula: I like LNKD a lot here, amzn, FB but lets diversify vs load the boat and get too big in any single position. GOGO here is a nice entry
doug.sekula
November 13, 2013 – 10:19 am
GOGO as a spec play?
eryba1
November 13, 2013 – 10:19 am
@doug.sekula: Cien- lets wait for it to start acting better we can always swing back to it if it stays at 23 handle waiting for earnings in 3 weeks. Meanwhile ZNGA moving, Cree footing found? same for TSLA, LNKD AMZN FB?
eryba1
November 13, 2013 – 10:19 am
@doug.sekula: yes let that wifi in airplanes play cool off abit
eryba1
November 13, 2013 – 10:21 am
@doug.sekula: gogo has gone from 18-28 in a straight line gogo is a nono for me!
doug.sekula
November 13, 2013 – 10:22 am
Hahaha that’s what I thought you would say
eryba1
November 13, 2013 – 10:23 am
@doug.sekula: lets add whats pulled back and found firm footing such as a LNKD, CREE, AMZN,FB,AAPL.GOOG,TSLA, that is what I have done
doug.sekula
November 13, 2013 – 10:24 am
@eryba1: Thanks
eryba1
November 13, 2013 – 10:24 am
or some GLD and or GDX after their corrections gld 130 to 122 gdx 26.6 to 23.8
Jeffhok1970
November 13, 2013 – 10:32 am
I picked up some LNKD this morning.
doug.sekula
November 13, 2013 – 10:34 am
Would you buy more XONE before earnings? A little risk???
eryba1
November 13, 2013 – 10:35 am
@Jeffhok1970: nice entry at these levels from its recent drop from 252 to 208
eryba1
November 13, 2013 – 10:37 am
NO I would wait. lets remember TQNT CREE CIEN drops from earnings that HURT BADLY, if U bot at 42-45 I have discussed with others here to sell at 62 or so 1-2 days ago. Its had run 50% higher
eryba1
November 13, 2013 – 10:39 am
I sold Xone too early but moved into lnkd, tsla,cree,znga, and FB
jahmon
November 13, 2013 – 10:48 am
Momos at it again…just amazing
doug.sekula
November 13, 2013 – 10:50 am
Haha throw a dagger in my heart! Yeah I know, but I love that feeling! I wouldn’t be where I am today if I didn’t load up before FB and CIEN earnings.
jahmon
November 13, 2013 – 10:51 am
Thinking about it, isn’t Bitcoin acting like yet another momo?
eryba1
November 13, 2013 – 10:51 am
@doug.sekula: no dagger those r thrown by TQNT FIO CREE and other 15-20% decliners overnight!
eryba1
November 13, 2013 – 10:52 am
I love the feeling of growing my portfolio- but must I be a shrink and state the obvious the sensation of losing money is 10 X stronger than that of making money!!
doug.sekula
November 13, 2013 – 10:53 am
It is!!!
eryba1
November 13, 2013 – 10:56 am
@doug.sekula: so lets never forget it and gamble BIG wager too large into earnings, trim if the stock has run into earnings like an XONE like CREE TQNt FB thye all pulled back
eryba1
November 13, 2013 – 11:08 am
@doug.sekula: I think your find U do better if U dont load up because that sort of action doubling down will cause you to repeat those actions for other names as well and we know it doenst always work out. For every FSLR pop after earnings even after a nice rise into earnings there is always the TQNT CREE FB JNPR LNKD and thus that course of action really keep your portfolio from TRULY OUTPERFORING if you think about it.
eryba1
November 13, 2013 – 11:45 am
would be nice if APPLE were to join the upside as its moved sideways for a bout a month now
Cody
November 13, 2013 – 11:51 am
@doug.sekula: Patience? Remember what Cramer taught me 15 years ago at my hedge fund – discipline trumps conviction. You’ve had one helluva run, can you wait for the next great pitch instead of just “risking”?
carl
November 13, 2013 – 12:13 pm
@eryba1 It is really best to not encourage my desire to speak in verse; everyone’s sanity will be threatened.
eryba1
November 13, 2013 – 12:22 pm
@carl: just let me know the trigger words to avoid them for u in the future.
eryba1
November 13, 2013 – 12:27 pm
is this the start of the next leg higher into the new year? So many hedge funds are lagging, so many stocks have corrected, lets see what develops.
Cody
November 13, 2013 – 12:27 pm
@carl and @eryba1 hahaha
Midtown
November 13, 2013 – 12:29 pm
@Cody: Thank you for the $BTC note. Some of our descriptions were identical and that is confirmation to me I have internalized your thought processes and approach to opportunities. I’ve always been a contrarian, but allowed other styles invade my trading decisions. Patience and Tranche selling are crucial to my investing success. Thanks
Cody
November 13, 2013 – 12:41 pm
@Midtown: Thanks for all the feedback, makes my day!
nimsri
November 13, 2013 – 12:44 pm
Any thoughts on Pandora breaking out
Jeffhok1970
November 13, 2013 – 1:15 pm
@Cody: I read Therese Poletti’s article on the best new CEO for MSFT. Do you agree that Mulally is the best candidate. BTW – really liking my MSFT Calls. http://www.marketwatch.com/story/microsofts-road-to-new-ceo-should-end-at-ford-2013-11-13?link=mw_home_kiosk
nmantle
November 13, 2013 – 1:16 pm
Cody ~ Even with Bitcoin notes, etc. from you, I must admit that I’m in a total fog with that risk. I’m reading up on it as much as I can but it scares me now to even entertain even if I did fully understand this one…I don’t think I’m alone with my confusion as to Bitcoin.
eryba1
November 13, 2013 – 1:18 pm
@nmantle: Im with u in regards to the risk, feasibility and open market ability to use bitcoin as a currency.
jahmon
November 13, 2013 – 1:29 pm
@nimsri stay away from bridges and high places?
nimsri
November 13, 2013 – 2:13 pm
Ok @Jahmon! never know when it shakes up with ER coming up next week
Cody
November 13, 2013 – 2:13 pm
Come chat live with me right now at https://tradingwithcody.com/chat.
alxvin
November 13, 2013 – 2:29 pm
/chat is giving server capacity error
alxvin
November 13, 2013 – 2:30 pm
MWE is down this morning after the report, it was performing well for a long time, still has a robust business model – is it an opportunity to buy now?
jpsr1975
November 13, 2013 – 2:38 pm
PCLN puts near 0!!!
musa
November 13, 2013 – 3:05 pm
@alxvin: chat was working fine 2day
eryba1
November 13, 2013 – 3:08 pm
@musa: yes no glitches
jjss
November 13, 2013 – 3:28 pm
@eryba1: any news behind fslr’s 4% jump today? and did cody comment on jnpr’s ER?
jjss
November 13, 2013 – 3:32 pm
jnpr did have an ER last nite, or did they? I thought we had been talking jnpr er on this chat yesterday, but now i’m seeing cody has them doewn for oct 22
eryba1
November 13, 2013 – 3:34 pm
@jjss: jnpr earnings- I am not sure I am not holding it and deleted the earnings calender from my inbox, so lets ask others when the JNPR earnings are set for. As for FSLR- Solar stocks are hot stocks and SCTY is seeing a 4-5% pop FSLR earnings were great went so a resumption of hot stock continues today
calmdaw1
November 13, 2013 – 3:37 pm
@jjss: I think the conversation was about CSCO reporting tonight and how Cody thinks JNPR is taking market share from CSCO
eryba1
November 13, 2013 – 3:38 pm
I am adding a bit more common shares of CREE and AAPL today while they are in the red today
eryba1
November 13, 2013 – 3:56 pm
ODD TSLA and SCTY both ELON MUSk companies falling at the close. news?
jjss
November 13, 2013 – 3:57 pm
@eryba1: @calmdaw1: thx 4 info
calmdaw1
November 13, 2013 – 3:59 pm
@eryba1: report of accident at the plant for TSLA
eryba1
November 13, 2013 – 3:59 pm
@calmdaw1: thank U
eryba1
November 13, 2013 – 4:00 pm
@calmdaw1: i didnt like the action in TSLA all day and sold my very small position and added small amounts of AAPL and CREE today
JSmith
November 13, 2013 – 4:01 pm
Nice move in Apple today
eryba1
November 13, 2013 – 4:02 pm
@JSmith: what that it ended in the GREEN????
JSmith
November 13, 2013 – 4:02 pm
@jjss: good earning with CSIQ drove solar higher today partly
JSmith
November 13, 2013 – 4:03 pm
@eryba1: yeah, was being funny really. It can’t seem to move. Wonder how much options play on stock movement
eryba1
November 13, 2013 – 4:07 pm
@JSmith: not sure- but this is why we diversify to have others stock help the portfolio on days when a particular stock or 2 doesnt move.
eryba1
November 13, 2013 – 4:10 pm
Hope everyone had a VERY VERY productive day if U have been buying the correction in individual stocks from 5-20% from FB, ZNGA,LNKD,AMZN,FSLR. CSCO beats .53 vs expectations of .51 EPS as ALWAYS its the CC and john chambers comments that DRIVE this stock.
fathead
November 13, 2013 – 4:14 pm
csco revenue below estimates $12.09 vs $12.34 billion, but they raising stock buyback to $15B
fathead
November 13, 2013 – 4:16 pm
nothing seems to pull this market back. good news is good news, bad news = more qe = good news
eryba1
November 13, 2013 – 4:20 pm
@fathead: market- yes the averages have not reflected the poor action underneath AT ALL. Today was the 1st day stocks seemed to tell us they may have bottomed from their own 5-20% pullbacks in many many names
eryba1
November 13, 2013 – 4:23 pm
for me CSCO is one of the OLD 4 horseman of tech. MSFT CSCO ORCL INTC
eryba1
November 13, 2013 – 4:33 pm
@fathead: On another note we discussed here, Until we see competition and or HI pe’s for the markets this market should see a stair step rise. We may get deeper pullback 5-10% as we get closet to Jan 1st and the budget battle resumes. However for now the yield on the 10 yr is 2.7% and pe’s are no where near frothy on 90+% of the market. Apple PE 8 ex cash GOOG 10 ex cash Clorox is at a pe of 15 just as a small example while hi Pe’s are around for TSLA, NFLX, AMZN SCTY
kirank
November 13, 2013 – 4:40 pm
@eryba1: What do you think about Nuan?
fathead
November 13, 2013 – 4:40 pm
agreed. i would have thought that the s&p would at least test 1730 again before breaking out today. the volume is quite light though for SPY. perhaps it is buy on the rumor today and sell on the news type tomorrow on yellen’s bullish comments
calmdaw1
November 13, 2013 – 5:12 pm
CSCO guidance bad
eryba1
November 13, 2013 – 5:39 pm
here we GO CSCO CC ongoing and stock now down 9.5% overall to 21.5 Jnpr down to 18.6.
jahmon
November 13, 2013 – 5:52 pm
Thanks Elad and Cody. I sold all of my JNPR on Cody’s flag, and look to follow Cody’s lead for a buy back.
