Subscriber Chat Room Archive (August 8th-August 14th)
Here’s the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
eryba1
August 8, 2013 – 7:29 am
@hc2002-: since apple has broken above all its trend lines its a clear breakout. I see no reason why it NEEDS to retest low 400’s at this point. It could be targeting 515 next. When / if we see new phone design hardware and software then the market will react accordingly to that and or if new products.
eryba1
August 8, 2013 – 7:31 am
For now we are nicely oversold on the oscillator we can always go lower so a down trend is in place. However most of codys stocks are acting resilient now in Cien, aapl,FB,lnkd, goog, amzn.
vmontes
August 8, 2013 – 8:48 am
@Olivepetunia: I hope you joined me on the TESLA strangle I think those calls tripled!
Olivepetunia
August 8, 2013 – 9:46 am
@vmontes Did not; If you provide email address I’ll give you the long version later.
carl
August 8, 2013 – 9:57 am
Yo, is this a good time to buy into fslr? It’s been tanking and the explanation is “big contract didn’t get signed yet”. The story is good long-term, but what about today? Is it a buy?
vmontes
August 8, 2013 – 9:59 am
@olivepetunia: sorry to hear about that vinsrealty@gmail.com
eryba1
August 8, 2013 – 10:05 am
@carl: I am looking at fslr as well. I just want to see it stabilize here first before I buy.
eryba1
August 8, 2013 – 10:15 am
the downtrend continues as the avg’s go from green gap up opening into the red now. while gold is rising 1% today
eryba1
August 8, 2013 – 10:27 am
looking to possibly add some amzn aapl at these levels after having trimmed a 3-5 % points higher
hc2002
August 8, 2013 – 10:32 am
@eryba1: hope you are right. This is where I don’t mind being wrong at all. I do keep some dry powder just in case aapl breaks down
eryba1
August 8, 2013 – 10:34 am
@hc2002: yes but like I said I am possibly looking to add I want to see how each stock is behaving = more apt for a decline it seems as we get further oversold which is fine that why we trimmed higher
eryba1
August 8, 2013 – 10:36 am
a few Technical Analysts = TA are looking for S&P 1680 to be tested first before this pullback is complete. Lets watch and see
eryba1
August 8, 2013 – 10:51 am
@hc2002: FYI- even though some TA are looking for S&P 1680 to be touched does not mean it will happen nor does it mean for individual names they are not going to outperform or need to retreat because the S&p is or has done so. Some stocks like have already corrected or are in stronger hands now
hc2002
August 8, 2013 – 10:56 am
@eryba1: thanks. Fully understand the limit of TA. It’s a guide not a fortune teller. Otherwise it would be too easy.
eryba1
August 8, 2013 – 10:56 am
@hc2002: couldnt say it better myself
msamuels2000
August 8, 2013 – 11:43 am
SLV calls were a day early but nicely in the green now and I’m glad I jumped back in on GDX…I still doubt the Fed will slow the printing press until after mid term elections
eryba1
August 8, 2013 – 11:46 am
@msamuels2000: the gdx is volatile as we have all seen recently topping out at 28.66 and then falling to 23.9.
eryba1
August 8, 2013 – 12:42 pm
lets see if the GLD holds at these or higher levels as volume looks good mid day and we need follow through to confirm the potential break above its 50 day moving avg
msamuels2000
August 8, 2013 – 2:20 pm
with Silver still trailing historical ratio to Gold price, SLV could really take off if GLD breaks out
Vince
August 8, 2013 – 2:29 pm
Cody – been visiting Richard Gobel’s site – very cool approach he has developed for trading. Thanks for referring.
eryba1
August 8, 2013 – 2:34 pm
@msamuels2000: all metal related stocks are breaking to the upside from FCX to VALE to the copper index JJC so SLV GLD and GDX are all joining suit. Volume is increasing in all but for the GLD SLV and GDX will need to see follow through to confirm GDX up 8% on heavy vol so far
msamuels2000
August 8, 2013 – 2:37 pm
would like to see it hit 27 so I can flip the calls before the next Fed head fake
nimsri
August 8, 2013 – 3:00 pm
Any thoughts on SCTY (Solar City ) Whipsaw
eryba1
August 8, 2013 – 3:01 pm
@nimsri: seems like all the solar plays are correcting after HUGE run ups
msamuels2000
August 8, 2013 – 4:00 pm
@eryba1: The shorts are jumping off TSLA. Is it almost time for smart money to start shorting it? http://blogs.wsj.com/moneybeat/2013/08/08/chart-of-the-day-tesla-shorts-throw-in-the-towel/?mod=yahoo_hs
eryba1
August 8, 2013 – 4:02 pm
@msamuels2000: its become a cult stock so hard to fight the trend for now until weakness is seen. last time it weakened from 130 to 108 and then from 108 to 158 today
arnold
August 8, 2013 – 4:04 pm
OUTR puts for October are looking like a loser. Big drop after July earnings report, but it’s been recovering. No more ERs till after expiration. Is it time to dump that one and look further out?
msamuels2000
August 8, 2013 – 4:23 pm
@eryba1: I’ve had an itchy trigger finger since the $50s so patience has served well so far. I guess when these cars move from garage art to practical use and the quality problems start mounting we will have our signal
eryba1
August 8, 2013 – 4:46 pm
@msamuels2000: I would much rather buy a good stock and growth then wait for issues to show up which to date nothing of significance has. R U waiting for a toyota like moment recalls galore?
msamuels2000
August 8, 2013 – 9:00 pm
@eryba1: I just think they can’t live up to the valuation unless their cars can be practically used. To date the buyers are basically collectors. Quality challenges are inevitable if/when they start to scale.
JeffDaniel
August 8, 2013 – 10:54 pm
Not sure if you heard of the FOX report on Apple-Board concerned at pace of innovation w/ Cook. I am nervous and happy if this is true. Now I think the next IPhone is the “Same as it Ever Was” 5S exactly the same. and IWatch next year. If true I think it is a mistake.
JeffDaniel
August 8, 2013 – 11:01 pm
I have owned Apple since 2002 and have added since 2010. Lesson learned, sell along the way. I own every product and buy every new product. Also own Google/Amazon. It is hard for me to believe that Apple’s best days might be behind. I still think it can hit $580 + by yearend. But could be very wrong.
hc2002
August 8, 2013 – 11:58 pm
@JeffDaniel: Reading the tea leaves on Apple, I think they went through some turbulences after Jobs passing. Witness the high level exec changes. Seem like Cook’s in control throughout. Fox’s report is really hard to parse, no context, no details. I’d be surprised that innovation does not come up during board meetings. I’m happy that the board is doing its job.
eryba1
August 9, 2013 – 8:17 am
Facebook estimates raised at UBS AUG 09, 2013 | 8:13 AM EDT FB earnings estimates were raised as advertising industry channel checks indicate continued momentum, said UBS. Price target goes to $45
eryba1
August 9, 2013 – 8:40 am
BlackBerry Considers Going Private: Reuters- http://finance.yahoo.com/news/blackberry-considers-going-private-reuters-122504310.html
crcrowe1
August 9, 2013 – 8:43 am
Cody – what do you think about shorting DIA or
crcrowe1
August 9, 2013 – 8:43 am
Cody – what do you think about shorting DIA or SPY at these levels?
eryba1
August 9, 2013 – 9:45 am
FF great earnings stock up 6%
rkumar
August 9, 2013 – 10:04 am
why is jnpr down 4 p??
eryba1
August 9, 2013 – 10:05 am
@rkumar: Juniper Networks – The SEC and the Department of Justice are conducting investigations into possible violations by the networking-equipment company of the U.S. Foreign Corrupt Practices Act, according to the company’s 10Q filing. Shares were slightly lower in extended-hours trading.
jahmon
August 9, 2013 – 10:37 am
Awww…was just a little “administration fee”
msamuels2000
August 9, 2013 – 10:45 am
@jahmon: ha yes perhaps a small tax paid to the local gatekeeper. Move along nothing to see here.
jahmon
August 9, 2013 – 10:48 am
A cup of tea
eryba1
August 9, 2013 – 11:03 am
the downtrend continues as we bounce around on the oscillator in the negative territory
jahmon
August 9, 2013 – 11:13 am
Im up to 30% cash
eryba1
August 9, 2013 – 11:15 am
@jahmon: nice a good feeling!! as the pullback continues. make your shopping list
nimsri
August 9, 2013 – 11:16 am
is it a good time to add CIEN
eryba1
August 9, 2013 – 11:17 am
but again individual names will do their own thing like a LNKD, AMZN, FF. Gold and metals seem to wnat to make a new trend and break above previous overhead resistance. lets watch for follow through from yesterday and volume. Copper has done so already
jahmon
August 9, 2013 – 11:32 am
Apple dropping on rumors that new products aren’t all that?
eryba1
August 9, 2013 – 11:34 am
@jahmon: i wouldnt think that until we see them its had a great move up its bound to pullback . 395 to 470 a near 20% advance so a pullback when the markers are in a downtrend correctioon is not out of the quest its healthy I would buy bk what i sold near 470 at 345 range
msamuels2000
August 9, 2013 – 11:39 am
@eryba1: 345 or 445?
eryba1
August 9, 2013 – 11:41 am
@msamuels2000: type O 445 is what I mean
msamuels2000
August 9, 2013 – 11:46 am
@eryba1: phew…was think those new products must be really weak
eryba1
August 9, 2013 – 11:47 am
@msamuels2000: One would hope this long a wait for new product categories, new current items revamped and the touting of such along with management shuffle, new people at new positions, new additions should bring something exciting. A little more time and we can all tell
eryba1
August 9, 2013 – 12:05 pm
I’M liking the amazon chart if it can hold 297-298 range A w btm will be in place if we can get further upside once this correction ends. ZNGA gaining some momentum for now
jahmon
August 9, 2013 – 1:04 pm
Cody MIA after FIO debacle
hc2002
August 9, 2013 – 1:22 pm
Hmm, somehow I read Cody’s FIO call differently. When he said that it could go up or down 10%, I paid more attention to down 10% and got some protection there. Cramer always said that during earning season, home gamers should not try to gamble with the outcomes, instead, listen to the conf calls and learn what the companies are doing. I think that’s a very prudent advice, unless you understand the gamble nature of the bet and can properly rationalize the risks.
jahmon
August 9, 2013 – 1:25 pm
Makes sense. Not sure why Cody decided to make those 4 earnings gambles recently…doesn’t follow the pattern that I’ve seen him follow over the last 10 months or so that I’ve been here…
jahmon
August 9, 2013 – 1:26 pm
He lost 3 out of 4
eryba1
August 9, 2013 – 1:27 pm
@jahmon: he has made a few small wages on earnings of stocks not recently in the portfolio. small risk small loss / reward. Not sure at this point why anyone is looking for home runs on earnings reports for new names vs the great results we have had with names in the portfolio to date.
Golfcar101
August 9, 2013 – 1:37 pm
not sure why only here short time but would think since site is trading with cody he would be here more seems very strange on the absentee mgnt. fwiw
msamuels2000
August 9, 2013 – 1:38 pm
@eryba1: please post if you are moving on AMZN. I’m still scaling in and looking for another buy point
jahmon
August 9, 2013 – 1:39 pm
@eryba1 I get the spin. Both things can be equally true.
hc2002
August 9, 2013 – 1:40 pm
Hey, the guy just got married not long ago, cut him a slack
However, I do miss the days when he was more active here.
jahmon
August 9, 2013 – 1:49 pm
ZNGA’s got some hops today. I bought more down at $2.85 yesterday…don’t see any news.
arnold
August 9, 2013 – 1:51 pm
What is Cody’s latest slant on Redbox (OUTR). I’m wondering if I should not take the losses on my put (which expires before the next earning report). The stock dropped off after the last report but have been recovering.
eryba1
August 9, 2013 – 1:53 pm
@hc2002: FROM CRAMER this just now: FB- “To me it looks like FB just churned through a lot of the $38 stock and I think that it is now going to power higher….”
eryba1
August 9, 2013 – 1:54 pm
lets see what the next few days bring for individual names and the market averages.
hc2002
August 9, 2013 – 2:11 pm
@eryba1: Yep, that’s a really good sign for FB. It held the 38 level pretty well. One thing I noticed recently was that I started clicking on quite a few of FB recommended articles in my newsfeed. I’ve been using My Yahoo as a news aggregator for the last 10 years. FB starts looking like a good replacement, it knows what I like to read.
arnold
August 9, 2013 – 3:14 pm
Interesting article about apple upcoming innovation. http://appleinsider.com/articles/13/08/07/apple-inc-gets-its-fingerprints-on-advanced-touch-sensor-appears-difficult-for-android-to-copy
eryba1
August 9, 2013 – 4:54 pm
@hc2002: lets see what next week or 2 brings as the volume may further dry up as its the busiest time of the year for vacations as camps end and there is 1-2 weeks before school starts and many families take time off. Have a good weekend
hc2002
August 9, 2013 – 5:10 pm
Yep, have a good weekend!
JeffDaniel
August 9, 2013 – 10:23 pm
Would like to hear Cody’s thoughts on the Board of Directors pressuring Tim Cook to hurry up and innovate and concern over the pipeline. Could this spell a disastrous fall/winter for Apple?
George Mtz
August 10, 2013 – 12:49 pm
Yes I would like to, I think Apple is making a nice come back and it’s important to know Cody’s oppinion!
JeffDaniel
August 10, 2013 – 2:17 pm
@George Mtz: The concerning part of the Fox story is that the board is concerned about the pipeline. The BOD sees products-6-18 months before launch. If true then that is ver concerning.
JeffDaniel
August 10, 2013 – 2:20 pm
Cody, Regarding the Fox story on the BOD of Apple being deeply concerned about Tim Cook’s rate of innovation and what is in the pipeline. The phrase do something ASAP as reported is the same phrase that Hedge Fund David Tepper said in May. He stated that they need to do something now and that if in the Fall the new products are not good he would not want to be holding Apple. Do you see stories like this as the BOD firing a warning shot at Tim Cook to bring in products now? Apple does need a larger screen phone, better advertising of iCloud, ITunes and the rest of the eco systems.
eryba1
August 11, 2013 – 1:51 pm
@JeffDaniel: as much as the BOD Wants new products to obviously HELP the stock and the company we ALL want that. However asking to expedite things does not help the matter at all. The reason we diversify is not to have too much riding on one investment, each stock develops on its one time and pace not on our wishes and hopes. As much as we all want the stock to gain momentum again (even though lately it has done quite well 390-470 move) we cant FORCE things to happen thats when U get in trouble. The BOD and I am sure EVERY investor wants new products, larger screen, WAY longer batter life, new features etc we need to let the company get it right before releasing any product. It has acted very well of recent so lets see what the rest of 2013 brings when company managemnt did say to potent
eryba1
August 11, 2013 – 2:05 pm
when company management did say to expect.
eryba1
August 11, 2013 – 2:19 pm
Social gaming company Zynga (ZNGA) showed the largest increase in NASDAQ short interest in the two week period ended July 31. Total short interest climbed by 11,0174,460 shares to 41,533,465. The days to cover ratio is not excessaive, however, as the $3 stock has been trading about 25 million shares daily recently.
nitamit
August 12, 2013 – 8:25 am
GM. Are the investment books listed on the website by date published? I would like to start with the most recent ones. I’ve read Everything You Need To Know About Investing.
eryba1
August 12, 2013 – 9:18 am
gold and silver breaking out above overhead resistance this morning lets look at volume and closing figures.
msamuels2000
August 12, 2013 – 9:20 am
@eryba1: music to my ears – DC article claims the Feds are finally starting to drop the hammer on JPM…any confidence it’s real or does feigning real action play well with DNC focus groups?
msamuels2000
August 12, 2013 – 9:47 am
SLV calls up 150% – curious if Cody will trim or ride the rally a bit longer
aheckel
August 12, 2013 – 9:51 am
looking for any guidance on SLV August calls. up big but for how long??
eryba1
August 12, 2013 – 12:04 pm
@msamuels2000: not sure JPM is daunted by FED at this moment. At least the stock price isnt.
eryba1
August 12, 2013 – 12:04 pm
@msamuels2000: SLV GDX GDY all breaking out for now lets see volume and continued follow through
Cody
August 12, 2013 – 12:06 pm
Yup, time to trim some SLV calls.
Full article coming.
eryba1
August 12, 2013 – 12:13 pm
LinkedIn upgraded at Needham AUG 12, 2013 | 7:23 AM EDT LNKD was upgraded from Hold to Buy, Needham said. $280 price target. Company has several unexploited growth opportunities
Cody
August 12, 2013 – 1:02 pm
http://tradingwithcody.com/2013/08/12/trade-alert-its-truly-a-currency-world-war/
aheckel
August 13, 2013 – 9:07 am
Cody… Would you please update your position weights before the weekly q&a this week. Thanks
eryba1
August 13, 2013 – 11:04 am
adding a little bit of common long in FB and AMZN today
eryba1
August 13, 2013 – 11:05 am
aapl acting very strong
Olivepetunia
August 13, 2013 – 11:10 am
@eryba1 Have you changed your opinion re waiting for FB correction to $34-$35
jahmon
August 13, 2013 – 11:19 am
Looking kinda slippery out there today…
eryba1
August 13, 2013 – 11:23 am
@Olivepetunia: its a fluid thing lets watch and see. I am just adding some keeping plenty of powder if we do correct further
eryba1
August 13, 2013 – 11:23 am
10 yr yield up 4% today to 27.17 one of the selling drivers today
eryba1
August 13, 2013 – 11:25 am
@jahmon: in select names perhaps otherwise things holding up well from aapl, lnkd,sndk,ebay,cien etc
eryba1
August 13, 2013 – 11:33 am
lets and FF to that list of rockin stocks
jahmon
August 13, 2013 – 11:33 am
Yep, some doing well. I’m in double digit losses on FSLR and LNN though…
eryba1
August 13, 2013 – 11:35 am
@jahmon: LNN looks for now basing again at 73-75 level a long consolidation
eryba1
August 13, 2013 – 11:51 am
@Olivepetunia: The thinking for my buy is perhaps FB which has seen SUPER hi trading volume at or near 38 has jettisoned its IPO buyers so stronger share holders are accumulating. Lets see how it the stock acts
eryba1
August 13, 2013 – 11:53 am
@jahmon: I’m interested in FSLR but need it to stabilize first 40 didnt hold now we are at 38 handle its getting oversold but we know to be patient
George Mtz
August 13, 2013 – 11:56 am
Good Afternoon Cody, I would like to see your latest positions just to get an idea of what you consider triming as well as a medium long buy opportunity to get in this week?
ebdavids
August 13, 2013 – 12:23 pm
@Cody: for a response today or in tomorrow’s Q&A: note this article by a teen in Mashable: http://mashable.com/2013/08/11/teens-facebook/. Do you believe there is any viability in this argument that with teens losing interest now, that will dig into young adults ( the same people) adopting Facebook in a couple of years –an important audience segment? And does this argument differ between the United States and important FB growth countries in the rest of the world?
eryba1
August 13, 2013 – 12:55 pm
@ebdavids: interesting read. While there will always be new apps programs etc like the described snapchat I think “liked” products arent a nuisance since I liked them in the first place and if I no longer like it I can unlike it and not have it in my news feed. I also get the idea not wanting to be friend MOM or DAD on my FB acct thats very true teens want their privacy. Not sure parents are PUSHING their teens to befriend their kids on FB or else which is the gist of the article. I would clearly understand if my daughter does not befriend me when she is 13 -18 or so. But as we mature and understand more FB is really a fun convenient and super efficient to have friends and fam see what we are interested to share with them, from pictures videos of activities outings and things of interest
eryba1
August 13, 2013 – 1:03 pm
@ebdavids: Plus FB now has 1.2+ Billion users who wont just shut down. It may take time for teens to come onto FB at some point but with other older friends and Fam on FB at some point teens will / could open a FB acct to share and keep in touch with moments in their lives they want to share with others as they grow
eryba1
August 13, 2013 – 1:24 pm
from another trader: The catalyst for the intraday turn was the same that always seems to bail us out, the Fed. This time it sent the message that we shouldn’t worry about a tapering of bond buying in September, which has become the general understanding recently.
rkumar
August 13, 2013 – 1:33 pm
aapl major breakout–new phone and china mobile will be huge
rkumar
August 13, 2013 – 1:33 pm
and aaple underowned
eryba1
August 13, 2013 – 1:34 pm
@rkumar: yes and yes now lets see the product to confirm a NON sell the news reaction.
rkumar
August 13, 2013 – 1:35 pm
first we need to break 500 on aapl
jahmon
August 13, 2013 – 1:39 pm
Anyone buying at this point?
vmontes
August 13, 2013 – 1:53 pm
jahmon: I’ve been waiting for it to drop down before jumping in
eryba1
August 13, 2013 – 2:02 pm
@jahmon: buying apple or other?
vmontes
August 13, 2013 – 2:05 pm
I really thought apple would be in the 440’s by now
jahmon
August 13, 2013 – 2:05 pm
Was asking about AAPL, yes. I’m got about 9.5% profit on 8.5% of my portfolio in AAPL currently.
eryba1
August 13, 2013 – 2:06 pm
@vmontes: that is why If U want U buy in stages, U cant Call A # and say Ill buy only there because as we see it doesnt not always get to where we want
jahmon
August 13, 2013 – 2:25 pm
Cody, I’m confused with the color coding, I’m sorry. I see Red, Dark Orange, Light Orange, Green, Blue and Purple…with only this explanation “The darker the color (Longs are in blue and shorts are in red), the bigger the position is relative to the entire portfolio.” If you are doing color coding we probably need a proper legend? Just a thought to save you from a million questions/clarifications
hc2002
August 13, 2013 – 2:26 pm
What’s up with the sudden spike in AAPL?
eryba1
August 13, 2013 – 2:27 pm
cnbc ALERT NOW carl ican SAYS HES TAKEN a position in apple
hc2002
August 13, 2013 – 2:28 pm
I see. Thanks.
eryba1
August 13, 2013 – 2:31 pm
although a spike in aapl. this news is meaningless. It doesn’t say when he bought, its moved up almost 20% since its W bottom so its had a great run
rkumar
August 13, 2013 – 2:32 pm
aapl ichan —nice call sellers getting slaughtered
rkumar
August 13, 2013 – 2:33 pm
aaple just beginning–icahn owns for a while
vmontes
August 13, 2013 – 2:34 pm
I am thinking of buying some google Calls dated Jan 14 Strike Price $920 any thoughts?
eryba1
August 13, 2013 – 2:38 pm
@vmontes: personally I bot goog common shares at these levels I like it here
hc2002
August 13, 2013 – 2:38 pm
Icanh alone should not be the reason for bullishness. Why he “tipped” his hands? Only he knows. We only now that he’s not here to make us money. Though the stars seem to be aligned for AAPL for the next 6 months.
eryba1
August 13, 2013 – 2:39 pm
@hc2002: correct knowing he owns it is not the reason to jump in
arnold
August 13, 2013 – 2:45 pm
Was looking at the LED lighting market. Does Cody have any other candidates besides CREE?
eryba1
August 13, 2013 – 2:45 pm
cree is the leader
arnold
August 13, 2013 – 2:46 pm
And CREE has been doing very well. Any strong competitors out there?
eryba1
August 13, 2013 – 2:46 pm
http://finance.yahoo.com/q/co?s=CREE+Competitors
JeffDaniel
August 13, 2013 – 2:57 pm
Apple up big because of Icahn investment. Tim Cook has really lost control of this great company. This along with the BOD comments and Larry Ellison point to Tim Cook being completely over his head. As a share holder I am very happy to see the stock up but believe Larry Ellison is probably right. He is the one who convinced Steve Jobs to come back to Apple and was his best friend. Tim Cook has made Apple look very weak.
eryba1
August 13, 2013 – 2:58 pm
@JeffDaniel: the next set of products will be the tell and the markets / consumer reaction to them Apple TV, watch, new phones etc.
JeffDaniel
August 13, 2013 – 2:59 pm
Cody, What do you think of Larry Ellison’s comments on Apple along with the Fox BOD rumors. I think Larry is probably right.
JeffDaniel
August 13, 2013 – 3:02 pm
@eryba1: I hope we see an Apple TV and watch this year. My gut tells me Cook is too timid to release anything that might not be a blockbuster. They could have pre paid for alll the content needed 2 years ago for Apple TV. Share buybacks are great to reduce float but would rather see it used to develop the next great product. I still see Tim Cook out as CEO within 1 year. The Larry Ellison comments combined with the Fox BOD rumor are telling. Ellison is a major reason Apple survived and thrived.
winkyjeff
August 13, 2013 – 3:15 pm
Anyone know what happened to the VIX options trade? I don’t see it on Cody’s latest positions list. Thanks
jahmon
August 13, 2013 – 3:16 pm
I don’t see FIO as well and there was never a sell trade alert…I guess because they just evaporated with the big FIO earnings miss.
winkyjeff
August 13, 2013 – 3:18 pm
VIX is down but I am guessing this is an oversight on Cody’s part — or did I miss a TRADE Alert to bail?
eryba1
August 13, 2013 – 3:24 pm
@JeffDaniel: forget what others say let the new LINE of products under tim cook and especially new categories be our tell along with stocks reaction to them. Tim looks very docile and other but we do not know him. These are his products with his handwriting all over it. Lets see what becomes of them
vmontes
August 13, 2013 – 3:27 pm
I think they’ll come out with a cheaper iphone, a couple of new features on iphone 5S, retina screen for mini-tablet, nothing major, I see stock going back down after Sep.
eryba1
August 13, 2013 – 3:27 pm
@vmontes: we can guess endlessly lets wait for products
eryba1
August 13, 2013 – 3:28 pm
adding to my ZNGA common long position today as well
raj27on
August 13, 2013 – 3:30 pm
Hi Cody, This is a very confusing email. building a tiny position in brcd put but then saying will be out in next trading session. so u r not building a position but ‘taking an earning chance’ to balance your jdsu calls? am i reading your email correct?
raj27on
August 13, 2013 – 3:35 pm
Is it time to scale into FSLR now? I have two tranches 100 at 44.50 & 200 at $42.10! u have fslr rated at 8.
ebdavids
August 13, 2013 – 3:36 pm
I don’t know — is it just me, or do others share the feeling that even if Apple (Cook) comes out with a new product like Apple TV, or an Apple watch or, as Cody and others put it, something else wearable,, the days of an Apple anouncement of ANYTHING being a huge market mover are gone. There’s been so much discussion, so many pre-announcemnts (and mini-introductions ) by others of these things that the “surprise” and “wow, Apple is just SO different and cool” factor for them is long gone. True, some of these products may place then well in the long-term Revolution — but in the short or mid-term, procut announcemnts (I think) will have neither major earnings impact nor stock-moving mojo. Again, maybe it’s me … but let’s just see what happens when the 5S and cheaper models —
ebdavids
August 13, 2013 – 3:37 pm
actually come out. My guess as to market reaction? Ho-hum.
ebdavids
August 13, 2013 – 3:38 pm
(Sorry for the rant.)
ebdavids
August 13, 2013 – 3:39 pm
(and procut = product)
eryba1
August 13, 2013 – 3:40 pm
@ebdavids: again how do we know until we see it. Now smartphones have moved passed apple in screen size and other features so we need to see what design colors etc it will come out with before judging for ourselves
notlaw72
August 13, 2013 – 3:42 pm
Anybody looking at FIO. Its really down, a buy at this point??
eryba1
August 13, 2013 – 3:42 pm
@notlaw72: take it off your screen
eryba1
August 13, 2013 – 3:43 pm
I would ratjher buy winning strong acting stocks than try to find the bottom in FIO or a snap back rally
winkyjeff
August 13, 2013 – 3:44 pm
anybody selling AAPL calls — I have a few Jan 525 and 535 – take profits here?
notlaw72
August 13, 2013 – 3:44 pm
Got it!
doug.sekula
August 13, 2013 – 3:45 pm
Gonna buy some JDSU for a earnings play. Anyone else?
eryba1
August 13, 2013 – 3:45 pm
@notlaw72: we had FIO in the portfolio many times it just doesnt seem to perform and either hits it big when it comes to earnings or flops badly, so cody has moved on. I had moved on LAST year after the previous drop
ebdavids
August 13, 2013 – 3:46 pm
@eryba1: You’re right, for sure. But i think a lot of APPL’s allure before was its uniqueness and coolness, and the stock plunge and lassitude on the part of Cook, and aggressiveness and, frankly, success, of the competition (in phones, especially, and maybe tablets) has put a damper on any short-term rise in the stock due to ANY product innovation. Would love to be proven wrong (and I may be!) Cook leaving the company? Now THAT would have an effect! (Rightly or wrongly.)
notlaw72
August 13, 2013 – 3:47 pm
Anybody been in an Apple store lately….Packed. Am I missing something??
vmontes
August 13, 2013 – 3:47 pm
You know who would be a great replacement for Tim Cook?! Elon Musk!!! Now that would move the stock big time.
ebdavids
August 13, 2013 – 3:47 pm
I agree, notlaw. That’s puzzling .
ebdavids
August 13, 2013 – 3:47 pm
Mayne they’re looking, not buying…like i do, mostly.
ebdavids
August 13, 2013 – 3:48 pm
@vmontes: yep!
notlaw72
August 13, 2013 – 3:48 pm
every now and then a “blind squirrel finds a nut”
vmontes
August 13, 2013 – 3:48 pm
lol!
winkyjeff
August 13, 2013 – 3:48 pm
The samsung 3 was a miss. My wife loved the 3 got the 3 hates it and now only wants an iphone.
winkyjeff
August 13, 2013 – 3:49 pm
she is done with the androids.
vmontes
August 13, 2013 – 3:49 pm
If Apple doesn’t come out with a bigger screen this Sep I think I’m going to loose faith in Tim Cook….
ebdavids
August 13, 2013 – 3:51 pm
Well, i agree…but i think that wi=ould have only a marginal, slow-growth effect on their sales. I think people who bought the competition for the bug screen aren’t the Apple crowd — now or future. It’s all about the ecosystem.
ebdavids
August 13, 2013 – 3:51 pm
big scrren, not bug screen!
ebdavids
August 13, 2013 – 3:51 pm
Only the map was bugged.
eryba1
August 13, 2013 – 3:51 pm
@ebdavids: new people are in like IVY so lets see what he does, also watch designer brought in lets just wait and see. I want a larger screen, super long battery, faster chip, touch feel screen, hologram etc We want a lot lets see what they bring out.
ebdavids
August 13, 2013 – 3:52 pm
Amen
JeffDaniel
August 13, 2013 – 3:53 pm
Tim Cook has really hurt the Apple brand in my opinion. He is almost combative in dealing with Analysis “Our phone is the right size”, watch him in All Things D 11. He is combative. The Larry Ellison comments are telling. Now Carl Ichan buying a $1B worth of stock will put more pressure on Tim Cook. I don’t think the BOD will put up with another year of nothing.
vmontes
August 13, 2013 – 3:54 pm
I agree
eryba1
August 13, 2013 – 3:55 pm
@JeffDaniel: no one will put up with another year of nothing. If jobs left them with many years of products we need to see them by now. If not we need creative head as the CEO not cook he can go back to his old COO job
arnold
August 13, 2013 – 3:57 pm
I have big hands and find the Galaxy difficult to use one handed. Maybe Cook is right about that on a design basis
hc2002
August 13, 2013 – 3:59 pm
@ebdavids: Looking at the positive side, I’d say it’s healthier. As long as TC can turn out solid (not wowing) products, I see it as a huge earning machine and I can sleep at night knowing that it’s making a ton of money. If they do come out with some great products, that’s the icing on top.
vmontes
August 13, 2013 – 4:01 pm
Remember they can be making a ton of cash but their stock can decrease as it did recently, cash is not everything and for some companies it’s nothing
JeffDaniel
August 13, 2013 – 4:04 pm
@eryba1: I agree. Retinal dsiplay on a Macbook Pro 13 inch is not innovation. I also don’t think the revamped ITunes is very good either. The BOD comments rumor, Larry Ellison and now Carl Ichan personally calling Tim Cook are all a shot across the bow of Tim Cook or a get off your *** and do something. Google David Teppers comments from May. He also owned a $1B chunk but sold 35% and now has an average price of $475. Tim Cook has weaken a great company and now is leaving it’s destiny up to others. Carl Icahn looks for mismanaged companies and Apple might be one.
hc2002
August 13, 2013 – 4:14 pm
AAPL clearly had some rough patches in the past year. It could be Tim Cook’s fault, it could be something else. I don’t have enough insight into their internal workings in order to make an informed decision. However, I did email Tim Cook about treating shareholders as partners and share more information. I was just doing what I can, no matter how small it is to HELP a great company.
hc2002
August 13, 2013 – 4:18 pm
BTW. I do remember what MSFT which has been making a ton of money has done in the past decade to its shareholders. That you will just have to apply our own judgements on the CEOs in question. I think Tim Cook is different than Steve Ballmer. Not saying Tim Cook is a saint and did not make mistakes. But he’s righting the ship IMHO.
eryba1
August 13, 2013 – 4:23 pm
@arnold: could use home button removed and thus make space for larger screen home button can be put else where on sides. too many
ebdavids
August 13, 2013 – 4:24 pm
@vmontes: I agree. Nobody doubts they’ll make money. For APPL, things impacting on their stock price go WAY beyond that.
vmontes
August 13, 2013 – 4:24 pm
True
vmontes
August 13, 2013 – 4:27 pm
Anyone have any thoughts on Google? Stock goes to $860 or $920 from here?
JeffDaniel
August 13, 2013 – 4:39 pm
Cody made had a good quote a while back that Tim Cook enjoys the view from planes that others built. Apple could easily go the way of Microsoft and that is why it is attracting activist investors like Icahn and Einhorn. The see an undervalued company The fact that Apple has not increased the size of their phone, has only 1 phone and they are essentially a phone company is insane. Listen to the past 3 conference calls and All Things D 11, there is contempt for Cook. And if the BOD is getting nervous that he is falling behind then they will get rid of him. Larry Ellison obviously does not think highly of him either. Sad to see activist investors getting involved at Apple, great for near term stock action but they pounce on weakness.
jakef1111
August 13, 2013 – 5:55 pm
My biggest problem with aapl even on its way up from 500-700 was arrogance… The products ecosystem and just about everything else about the products they have are well thought up well made and user friendly…. The part that i didnt like to see was going to a concert and seeing a big ol tab/phone that aapl didnt sell… To me its capitalizing on addressable markets…. Making an iphone 5 without ret display iphone5b as in basic a little cheaper to appeal to more people…. Getting people on the ecosystem and as they make money they upgrade and stay on etc…. Just because u make a variety of phones to serve more people doesnt tarnish your brand it moves units in my eyes… Sure enough everyone who could make a phone caught up… Now their forced to innovate to keep their edge and get mor
jakef1111
August 13, 2013 – 5:56 pm
Rght now that the stigma is off it id love to hear about a china mobile deal
George Mtz
August 13, 2013 – 6:11 pm
Cody, can I get your sincere opinion on QUAN? I have been holding it for couple of months and have not gotten to my selling objective. Any thoughts will help!
seanssocal
August 13, 2013 – 7:42 pm
@Cody: I just started with you, and already, I am very encouraged, given my recent disconnection from reality, and your ability to show me the way,Thank You!
JeffDaniel
August 13, 2013 – 8:26 pm
@vmontes: Longterm Google is fine. I see Google money moving to Apple near term
