Subscriber Chat Room Archive (December 19th – December 25th)
Here is the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
eryba1
December 19, 2013 – 5:41 am
Cramer on CIEN: Cramer said the optical networking business has been boom or bust recently, but the industry is beginning a secular growth phase as wireless networks continue their arms race for more capacity and faster speeds. The moves toward more mobile video and cloud computing are only fueling this trend, and Ciena is preparing for that future with no less than 12 recent acquisitions. Cramer said the company did stumble this month, delivering a two-cents-a-share earnings miss, which sent shares down a quick 7%. But with the bad news behind them, this stock is a buy, buy, buy.
eryba1
December 19, 2013 – 6:22 am
Facebook, Inc. (F
today announced that it is commencing an underwritten registered public offering of 70,000,000 shares of its Class A common stock. A total of 27,004,761 shares are being offered by Facebook, and a total of 42,995,239 shares are being offered by certain selling stockholders, including 41,350,000 shares offered by Mark Zuckerberg.: http://finance.yahoo.com/news/facebook-announces-proposed-offering-111700767.html
eryba1
December 19, 2013 – 6:27 am
Stock down 3-4% in pre market, it goes into the S&P 500 tomorrow. Now this headline Zuckerberg to exercise option to buy 60M class B. Lets let the dust settle as this news is coming at 6:25am and trading is super thin in premarket especially at this hour.
eryba1
December 19, 2013 – 6:55 am
With Fb down 4-5% so far in pre market codys words come into play here as to sell some FB yesterday at 55. I can only say I think all the fund buyers who mimic the S&P 500 need to add FB tomorrow. They didnt like the idea of buying / adding Fb at the hi’s of the year and wanted a discount. Wall st games. This seems like an odd time coming into christmas and new years = quiet period for companies to be selling and alsohave huge tax implications for 2013 vs acting on selling 43M shares in 2014. IMO
doug.sekula
December 19, 2013 – 6:57 am
@eryba1: GM, I’m thinking about buying more FB on this dip.
eryba1
December 19, 2013 – 7:01 am
not a bad idea, u sound like a fund manager now just before its added to S&p 500
doug.sekula
December 19, 2013 – 7:07 am
@eryba1: Haha that’s funny. Are you going to show up to hang when Cody does his presentation in FEB? Possible TWC lunch afterwards.
eryba1
December 19, 2013 – 7:10 am
@doug.sekula: I would like to.
eryba1
December 19, 2013 – 7:28 am
Cramers take on Fb today: $FB will be hammered. We would consider buying it back for the trust down 5% and what would U know its in the 4-5% decline area in pre market already
eryba1
December 19, 2013 – 8:01 am
This may be WAY too early but a TA friend of mine says if FB can use this CEO sale to decline a few % points and the formation plays out its a larger cup and handle formation. With the rims of the cup at the 54 levels one on 10/18/13 and yesterdays close 55.4 forming the cup rim points and now this decline a few % points forming the handle. Again way too early need to see it play out first.
eryba1
December 19, 2013 – 9:05 am
gold under 1200 this morning.
doug.sekula
December 19, 2013 – 9:06 am
@eryba1: would you be a buy,trimmer or holder of FB? I’m still up 20% on it.
eryba1
December 19, 2013 – 9:11 am
@doug.sekula: good question. what to do. I am MOST probably going to be holding it. I will see if we can get a rally into the 2nd week of jan. So optimistically looking at the cup and handle formation IF it can play out. YEST LNKD held me back and today Fb seems to want to do the same. Let see how the rest of the day unfolds. Do yesterdays laggards become todays winners = AAPL TQNT CIEN ZNGA CREE FSLR?
jahmon
December 19, 2013 – 10:26 am
Nothing like waking up to
jahmon
December 19, 2013 – 10:27 am
Being on the wrong side of 90% of your positions…
jimbland
December 19, 2013 – 10:27 am
Quick question. AMZN 402.5 calls expiring tomorrow are trading at .6. Seems like a lot of money for $10 out of the money calls. Is there an event that I am not aware of?
eryba1
December 19, 2013 – 10:29 am
@jahmon: what positions? whats your portfolio mix and %?
jahmon
December 19, 2013 – 10:37 am
Puts on P, Z, UBNT, YELP…all momo bs, all up. TQNT, ZLNX, AAPL, LNN, INTC, CREE…quality companies all down…so frustrating some mornings. Pandora is satan.
eryba1
December 19, 2013 – 10:43 am
@jahmon: the puts- were based on what bad charts? earnings other? what did U see read feel to engage in these puts? AAPl has had a great run when did U get in, LNN just popped to 82 and over its 50 day avg, cree digesting for a long time, intc good div and back to 25, tqnt stuck at 8-8.25,. Have U any mental or hard stops to get out if stocks move to far down10% 20%? if these R not working why not clean the table and start new it sound shard but VERY REFRESHING to start a new and small positions, GOOG, FSLR, CIEN,ZNGA if you have the wrong mix why not sell and go with other better performing names or keep some of whats not working and keep them at a smaller % so others in your portfolio can pull you up and advance until the laggards start to act better.
jahmon
December 19, 2013 – 10:50 am
I’m up and have winning positions in AAPL, FB, INTC, GOOG, JNPR, ZNGA. Still underwater on TQNT. Puts and Shorts were all Cody’s idea…with Pandora puts being added multiple times. Just lamenting an irrational market rewarding insanely valued momo stocks…it does feel more and more like the market is trying to repeat 1999.
Jeffhok1970
December 19, 2013 – 10:51 am
wow, FSLR popped today.
eryba1
December 19, 2013 – 10:51 am
@Jeffhok1970: scty and fslr seems to be rising above 50 day avg
eryba1
December 19, 2013 – 10:54 am
@jahmon: we have to pick and choose what ideas and actions to take or not to take. When, in what size, when to hold on, when to cut loose. I use a few services, read MANY MANY peoples ideas, actions every single day. I decide what I like best what to try, when to try, what size to try it in. We all have to do the same. We have to answer to our actions and why we took them and how we took them.
eryba1
December 19, 2013 – 10:56 am
@jahmon: this way we find out what works best for us, and importantly what doesnt and the ones that dont to be cut lose, the ones that work to scale into in a larger way and when. This way we repeat WINNING investments and decisions and let loose the ones that dont.
eryba1
December 19, 2013 – 11:07 am
TQNT under 8 again, I may add to my position in it today.
Jeffhok1970
December 19, 2013 – 11:09 am
@eryba1: i have a good number of FSLR common. Happy with my holdings and prices. What do you think of buying some calls as it breaches the 50 day avg?
eryba1
December 19, 2013 – 11:11 am
@Jeffhok1970: I stick to what I know and common shares is it. Options is codys forte.
Jeffhok1970
December 19, 2013 – 11:14 am
@eryba1: i respect that. How about a chart question then
. What is your expectation for FSLR price movement as it crosses the 50 day?
eryba1
December 19, 2013 – 11:18 am
@Jeffhok1970: NP- chart- Ok I will put on my chartist hat – lets see some follow through needed with volume. The avg vol is 5.2M shares a day. lets see how it performs. Expectations would be last point of breakdown where sellers lurk is 61. IMO
Jeffhok1970
December 19, 2013 – 11:22 am
@eryba1: thanks!
jahmon
December 19, 2013 – 12:28 pm
TQNT down 5% on no news?
eryba1
December 19, 2013 – 12:30 pm
@jahmon: chips are weak after JBL report 2 days ago. I am adding to my tqnt position, lets see if it finds support here at its 50 day moving avg, also added to cien and goog today
eryba1
December 19, 2013 – 12:33 pm
@jahmon: This is a perfect opportunity. If you have too much in tqnt and its hurting you mentally, your portfolio them cut some loose. I am buying as tqnt is my smallest and newest position and I am adding to it. Everyone who does take action or sits pat does so knowing why they are doing it, where the position is in their portfolio, how their portfolio is doing, what size in the portfolio is this position, is it a laggard, is that person starting to accumulate it. We are all at diff stages for diff stocks in our own personally designed portfolios
crcrowe1
December 19, 2013 – 1:17 pm
What do you think of SLV and GLD at these levels?
eryba1
December 19, 2013 – 1:21 pm
@crcrowe1: Gold has been in a bear market for a while now. in the GLD we are testing the lows seen on 6/27/13, now either it creates some form of W bottom with this 2nd leg being lower or it really goes much lower. Personally I dont want to be catching this falling knife. I would rather wait for a new uptrend to emerge= a close above its 50 day moving avg now at 123 lts call it on higher vol and follow through days to know anew trend is in. GS and others see another 10-15%deline in 2014 for gold. I dont want in until the trend and bottom are in. We wont know where that is until it stops going down
eryba1
December 19, 2013 – 1:22 pm
we are looking for charts like a GOOG, amzn, not like GLD. We want our $$ working for us not against us and hurting our hard earned capital being put to work.
rkumar
December 19, 2013 – 1:26 pm
bwe should see some m anda action..
rkumar
December 19, 2013 – 1:26 pm
any ideas
eryba1
December 19, 2013 – 1:27 pm
@rkumar: bwe??
rkumar
December 19, 2013 – 1:28 pm
who is worth being acquired??
rkumar
December 19, 2013 – 2:11 pm
intc strong emc up??
rkumar
December 19, 2013 – 2:11 pm
anyone like emc??
eryba1
December 19, 2013 – 2:13 pm
@rkumar: No! Business is migrating towards the cloud. less and less companies buying hardware for themselves. hardware and vitrual hardware becoming too efficient and sale slowing that is what FIO had said at $19.5 a share now 8.7
rzepeda
December 19, 2013 – 2:13 pm
Anyone know CNTF? Trades at 1.53 but has 5.00 in cash per share? Did not do any digging as I am runninginto a meeting, but maybe someone knows this company?
eryba1
December 19, 2013 – 2:15 pm
@rzepeda: In 2011 it was a 6 dollar stock now 1.55. Not sure how much chinese stocks being trusted these days aside from rellly big companies like a Bidu.
Lu
December 19, 2013 – 3:31 pm
@Cody: I’m always too busy at work to take part in the weekly Q & A. I do read the transcript, but what I really want is a weekly article with your views on all of your open positions. Do you think you could give that to us as a Christmas gift?
eryba1
December 20, 2013 – 8:43 am
GM, FB enters the S&P 500 and we could see 250 Million share volume today at days end.Lets se how it affects the stock. markets are opening with a positive tone. Yesterday the markets lets face it gave back nothing from the BIG rally the day before. That bodes well. Our stocks underperformed yesterday, let us see how they act today.
Turtle108
December 20, 2013 – 9:28 am
@eryba1: g’morning- big news from AMBA today- do you follow at all?
Turtle108
December 20, 2013 – 9:29 am
“Ambarella, Inc. (AMBA), a leading developer of low-power, HD video compression and image processing semiconductors, today announced that it is exploring with Google a new class of wearable cameras for the Helpouts application and service. The two companies will jointly demonstrate the wearable camera reference design during the Consumer Electronics Show in Las Vegas, Jan. 7-10th.”
eryba1
December 20, 2013 – 9:30 am
@Turtle108: never heard of them. I see the news tie up with google
Turtle108
December 20, 2013 – 9:33 am
@eryba1: I’ve been following for awhile- huge potential with their cameras-
eryba1
December 20, 2013 – 9:33 am
yes may take time, thus the better investment is google for now, I believe low valuation and growing in many sectors and owning theirs
Turtle108
December 20, 2013 – 9:34 am
@eryba1: AMBA
Turtle108
December 20, 2013 – 9:35 am
whoops- ” Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display. The companys system-on-a-chip designs fully integrate HD video processing, image processing, audio pr”- they are already a big mkt- you know the cameras people wear during sports- people in other countries put them on their cars- huge in Korea-
eryba1
December 20, 2013 – 10:17 am
chart and action in cien looking good
rzepeda
December 20, 2013 – 10:18 am
Cody likes TQNT… how about RFMD? Anyone have thoughts? THey are growing well and are in Samsung and Apple phones…
eryba1
December 20, 2013 – 10:19 am
@rzepeda: rfmd has been sideways action rt where it is for 4 years now.
eryba1
December 20, 2013 – 10:21 am
nice breakout in amzn and liking action in apple so far, is goog not far behind in a breakout like amzn. lets watch. DDD and 3d printers acting well
rzepeda
December 20, 2013 – 10:21 am
True, but if and when Apple signs a deal with China Mobile, I imagine lots of Iphones will be sold, which would be good for RFMD.
eryba1
December 20, 2013 – 10:22 am
@rzepeda: iphone sales have been pretty good in general YES china deal would increase but nothing to move the needle perhaps for rfmd is so far just sideways and iphone sales have been on the upswing- IMO
rzepeda
December 20, 2013 – 10:24 am
@eryba1… Is there a reason that TQNT would be better then RFMD? They are in the same business so to speak
eryba1
December 20, 2013 – 10:27 am
@rzepeda: Great question. That would be where cody comes in. Knowing the guys of the units / hardware and where TQNT fits there in apple and other devices. From all that I have read the answer is here: http://seekingalpha.com/article/1887771-internet-of-things-trend-driving-a-connectivity-and-capex-boom?source=yahoo
eryba1
December 20, 2013 – 10:33 am
from a TA – technical analyst just now on the S&P. If it can clear the 1812-1824 level: We’ve only seen a stall against this major weekly resistance in the S&P. Now we are retesting the old zone and it remains a key decision. If we can clear it = 1812-1824…I don’t have any new resistance until the 1892.42-1907.94 area. Its now at 1817.
eryba1
December 20, 2013 – 11:24 am
Anyone trimming, adding othe today?
Jeffhok1970
December 20, 2013 – 12:24 pm
Considering adding a little ZNGA. Any news to justify the selloff? Our friend is bucking the up trend. End of year profit taking? just working its way back to its 50 day ma?
eryba1
December 20, 2013 – 12:26 pm
@Jeffhok1970: not sure why but yes its been sideways 4-4.2 for a little while now. Needs to find support at 50 day moving avg at 3.9.Lets watch it. Could be year end tax selling or other . Volume is already higher today than yesterday.
eryba1
December 20, 2013 – 12:28 pm
CREE coming up on its 50 day avg soon at 60ish, lets see if it can take that out last time it did it ran higher by 20+%. Cien same situation in regards to approaching its 50 day moving avg shortly.
Jeffhok1970
December 20, 2013 – 12:32 pm
@eryba1: does FSLR’s down movement concern you. Was strong yesterday, hit the 50 MA and now is going down?
eryba1
December 20, 2013 – 12:32 pm
expect resistance the 1st attempt to break the 50 day avg to the upside unless some news to spark it above. IMO
jjss
December 20, 2013 – 1:00 pm
i bought lnkd back in october on your rec. it’s down 25% sjince then. Time to sell?
jjss
December 20, 2013 – 1:10 pm
@eryba1: i bought lnkd back in october on your rec. it’s down 25% sjince then. Time to sell?
eryba1
December 20, 2013 – 1:20 pm
@jjss: at 250? its down 10% at this point ? I never bot at 250 I bot it at 200’s sold at 250 and bought it again at 210-220
jjss
December 20, 2013 – 1:23 pm
@eryba1: i bought it at 220 on october 31
eryba1
December 20, 2013 – 1:23 pm
and now its at 221.85
jjss
December 20, 2013 – 1:26 pm
@eryba1: my bad, sorry; I bouhgt a may 250 call
eryba1
December 20, 2013 – 1:30 pm
@jjss: Ok figured options related item. I only invest with common shares.
jjss
December 20, 2013 – 1:31 pm
@eryba1: outlook for amzn?
eryba1
December 20, 2013 – 1:31 pm
@jjss: target or outlook?
jjss
December 20, 2013 – 1:32 pm
both
eryba1
December 20, 2013 – 1:32 pm
@jjss: is a new fresh all time hi not good enough
??
jjss
December 20, 2013 – 1:32 pm
@eryba1: both
eryba1
December 20, 2013 – 1:33 pm
I penned my subscribe and save article for TWC and the time to buy was at 250 then now its 60% higher.
jjss
December 20, 2013 – 1:33 pm
@eryba1: lol; as an options investor, however, i gotta ask myself about outlook. i do have solid gains, thanks to something you said in mid-nov.
jjss
December 20, 2013 – 1:34 pm
@eryba1: btw what’s a subscribe and save article?
eryba1
December 20, 2013 – 1:39 pm
@jjss: if I can only repeat more 60% gains for any readers and myself I will be gratified. I wrote a few article for Cody and the TWC members one of them was on Amazon King of the Jungle I write back in may when I signed up for amazons subscribe and save program
eryba1
December 20, 2013 – 1:40 pm
@jjss: Written april 29th: http://tradingwithcody.com/2013/04/29/tradingwithcody-chief-guide-elad-ryba-on-amazon-king-of-the-jungle/
eryba1
December 20, 2013 – 2:36 pm
@Jeffhok1970: no not really, I wrote about this today. 1st attempt to rise above resistance = 50 day moving avg usually incurs resistance as buyers who bought at 50 day avg and now happy yo JUST see it get back to where they bought in so they are selling.
eryba1
December 20, 2013 – 2:53 pm
How are the members of TWC winding down your year? Portfolios reshuffling, selling non performers, trimming down as many may be away for christmas and new year? Any additions / improvements you are see on this site for 2014?
indiasilver
December 20, 2013 – 2:54 pm
@eryba1: What you think about GOOG here? Do we continue the run up, or sell off to consolidate? Or something else?
Johan
December 20, 2013 – 3:04 pm
Cody, AMD could be in real tournover with its GPU being sold for Xbox One and PS4 and now Apple’s new Mac Pro. Have you though about AMD recently?
eryba1
December 20, 2013 – 3:20 pm
@indiasilver: I have a working theory thats subjective to my schedule and timing. 1st I even added to my common goog long position today. My working theory is that we see a continued run up into the 2nd week of Jan and then I am looking to sell down my portfolios what % to go into cash I am unsuer yet depends on / if we really quite strongly into Mid Jan . I think We may get that S&P target trajectory that TA info I posted above targets S&P 1890-1908 perhaps.
indiasilver
December 20, 2013 – 3:24 pm
@eryba1 Thanks. I remember you posted something about the debt limit or similar political situation being a market driver around mid-Jan. I bought into some GOOG leaps the other day when I saw you were positive on GOOG and am now up 20% on that one position. This year, GOOG has been my cash cow… Almost all my TWC positions are now in the green. Just looking for P to crack so my JAN 24 puts will not expire worthless…
eryba1
December 20, 2013 – 3:28 pm
@indiasilver: good to hear you have done well. Diversify, so no one position needs to be the only portfolio driver, dont short unless U see cracks otherwise U can be squeezed, Debit ceiling yes thats can / will be an issue, Egyptian elections Jan 14-15 and the other issues cody mentioned in my quest to him this week about the spark for his call to see a 10-20% market correction sometime this year. This coupled with the very productive portfolio returns this year and I am taking some time off from work Mid Jan I will not have my mind on work while my body is away.
eryba1
December 20, 2013 – 3:42 pm
just of interest we have 18 min until the close, will the HUGE FB volume people spoke of just be paired off and no real % change in the stock as vol now at 63M. FWIW
eryba1
December 20, 2013 – 3:47 pm
goog all time HI now at 1100
satishask
December 20, 2013 – 3:48 pm
@eryba1: Wow finally. Still goog hold right into year end.
eryba1
December 20, 2013 – 3:49 pm
@satishask: yes holding what I have until mid Jan Thats what I am looking for a continued rally unless something causes me to change that timeframe.
eryba1
December 20, 2013 – 4:34 pm
OK everyone have a safe and happy weekend. It will be a short week with the holidays. The market seems poised for further gains as we have but a few trading days left. For those of you fortunate to be able to get away next week into news years enjoy your time off with friends and family and see you back here well rested after New years day. For the rest of us see you here bright and early Monday morning.
Jeffhok1970
December 20, 2013 – 5:15 pm
@eryba1: Thanks for addressing my FSLR questions. I really appreciate your insights. Have a great weekend and holiday (just in case I don’t make it to the message board next week)!
eryba1
December 22, 2013 – 6:58 am
eryba1
December 22, 2013 – 7:06 am
A desk-free computer? A recap of a variety of patents that Apple has applied for and received. This week’s round up includes 51 patents awarded this week for everything from interactive maps, a flexible wraparound display for the iPhone and other mobile devices and proximity sensors to what Apple calls an “entirely new category of computer systems as compared to desktops and laptops” that includes a built-in projection system. “Such an approach may allow the computer system to be a “desk-free computer by allowing the computer system to be placed wherever desired, on a desk or table, but also on a shelf, on a floor, or even suspended from a wall or ceiling. Let the product speculation begin!
eryba1
December 22, 2013 – 7:13 am
Apple’s iPhone Now Promoted on Ten China Mobile Sites- http://wallstcheatsheet.com/stocks/apples-iphone-now-promoted-on-ten-china-mobile-sites.html/?ref=YF
eryba1
December 22, 2013 – 7:18 am
http://www.bj.10086.cn/service/mobile/mingxingji/yuyue/
doug.sekula
December 22, 2013 – 7:31 am
@eryba1: GM, The market never sleeps…. Oh I meant Elad never sleeps……. Sunday morning at 0700 looking for trends. Glad im not the only one! LOL.
eryba1
December 22, 2013 – 7:32 am
@doug.sekula:
eryba1
December 22, 2013 – 7:33 am
This is why I am taking some time off and selling in Mid jan so I can take time off mentally and physically. Until then this is a 24/7 job for me.
eryba1
December 22, 2013 – 7:33 am
read some of the links and see the china mobile counter data # of units sold etc interesting stuff, apple patents etc.
doug.sekula
December 22, 2013 – 10:04 am
@eryba1: All good stuff!!! The links, Apple, your vacation thats coming up. Any plans for vacation?
jarheadwho
December 22, 2013 – 4:31 pm
Hey guys – do you know if Cody is going to update the trades of the week section?
JSmith
December 22, 2013 – 5:55 pm
Finally, Apple & China Mobile make a deal. I am sure media and “****”yet will cast a negative spin on it to make Apple stock go down.
JSmith
December 22, 2013 – 5:56 pm
**** = analyst
eryba1
December 22, 2013 – 6:30 pm
@JSmith: why would it be a negative spin? Here is the news: http://blogs.barrons.com/techtraderdaily/2013/12/22/apple-signs-deal-to-sell-iphone-with-china-mobile-in-january/?mod=yahoobarrons&ru=yahoo
JSmith
December 22, 2013 – 7:18 pm
@eryba1: you know how it was for Apple last winter and spring. They will argue that Apple caved in, and the terms benefit China Mobile (since the terms were not announced). They will come up with a negative slant. Trust me, I hope it goes up a lot. However, Apple doesn’t get the same treatment (or valuation) as other stocks. Other companies would jump way high on the prospects. Not sure how much this was priced in….we’ll see tomorrow…hope Apple get some respect it deserves on Wall Street.
JSmith
December 22, 2013 – 7:22 pm
I already bought an iPhone 5S for my wife, 1 for my mother-in-law, and will buy one for my dad this week. Bought an Ipad Air. I am doing my part to help Apple’s numbers. Trust me.
JSmith
December 22, 2013 – 9:01 pm
eryba1
December 23, 2013 – 7:06 am
@JSmith: I trust U, My home, parents home, sisters home I made sure of was an apple eco system. My 68 year old father just got hid first iphone as well, 1st ever smart phone as well. There is a reason apple is trading at JUST 13 X earnings and 9X ex cash. Its unloved thats for sure. One has 2 choice buy it when its unloved / hated sub 400 sub 500 and wait for it to be loved 700+ like #’s but lets see earnings to know if 700+ is not a normal PE based on guidance, EPS, sales etc
eryba1
December 23, 2013 – 8:21 am
Amazon sunday delivery- Recently prime items I have ordered on Friday from amazon have arrived on the weekend. Its actually a very positive feature, to know U can order any day of the week and not be concerned you cant get a prime item over the weekend especially if its truly needed. http://www.usatoday.com/story/tech/2013/11/11/amazon-sunday-delivery-usps/3479055/
eryba1
December 23, 2013 – 8:28 am
Facebook estimates, target raised at Cantor DEC 23, 2013 | 8:06 AM EST Shares of FB now seen reaching $65, according to Cantor Fitzgerald. Estimates also increased, following strong channel checks. Buy rating.
umpire77
December 23, 2013 – 9:49 am
@Eryba1: it looks like lnkd is rallying today. What price target would you give them going into the new year? I have recently read one analyst downgraded them but Cody has a buy rating. What are your thoughts?
badrook
December 23, 2013 – 10:49 am
why is FB todaay?
JSmith
December 23, 2013 – 10:53 am
@badrook: first day as member of S&P500
JSmith
December 23, 2013 – 10:59 am
Crazy, Apple rallied more with rumor of deal than actual deal. People were so focused on that, they missed all the upgrades and fact Apple is selling a crap load of stuff this quarter.
musa
December 23, 2013 – 11:04 am
today is a good day. my fb calls are fat with profits, looking to get back into apple tomorrow if it goes up more and got into google a couple of days ago
musa
December 23, 2013 – 11:05 am
santa didnt come this week he came about 51 weeks ago. this whole year has been a santa rally with easy money for every1
eryba1
December 23, 2013 – 12:50 pm
@badrook: read post above upgrade to 65 today and did sell off of CEO huge sale which was a positive signal for many, end of year santa rally last few days of 2013 and first fe days of 2014 is when the rally usually takes place. Winners are being added and losers dropped.
eryba1
December 23, 2013 – 12:51 pm
@umpire77: LNKD let it cross above 50 day avg first @ 229 or so to show some strength.
eryba1
December 23, 2013 – 12:54 pm
CREE trying to rise above 50 day avg, lets see the close and volume, if it does its will have room to run
eryba1
December 23, 2013 – 12:54 pm
same goes for XONE
carl
December 23, 2013 – 12:58 pm
@musa I agree about the Santa rally. I say that we enjoy it while he is here and not overplan or overthink this thing too much. You will see when things go south. We don’t need a PhD dissertation to point it out.
jahmon
December 23, 2013 – 1:26 pm
You mean sometimesw
jahmon
December 23, 2013 – 1:26 pm
You mean sometimes you shouldn’t flip it?
jjss
December 23, 2013 – 1:49 pm
@eryba1: (can you -pass this on to CS please? Thanks!) I’d like to take advantage of the 700.00/annum deal, but i just paid my monthly 99.00 on dec. 17th.
eryba1
December 23, 2013 – 1:50 pm
cs? e-mail bill and he will adjust things for u- support@tradingwithcody.com
jakef1111
December 23, 2013 – 2:35 pm
Man i loaded up on some aapl calls on this latest down draft and today im loving it…. Does the market stay strong and it keeps the rally going?
eryba1
December 23, 2013 – 2:37 pm
@jakef1111: The wisdom of the santa claus market is the last full 5 or so trading days to end the year and the first few days of the new year. However we must manage each stock on its own merits price action, volume and the like. Lets protect the productive YTD results in stocks we have in our portfolios.
jakef1111
December 23, 2013 – 2:54 pm
@eryba1: ohh i know… And its at a 186.66% gain over a few days but its hard to take gains and its hard ti wait it out
eryba1
December 23, 2013 – 2:59 pm
@jakef1111: thats a surreal gain in a few days, all depends how much capital was invested. either way no one ever got hurt taking a profit.
jakef1111
December 23, 2013 – 3:25 pm
@eryba1: the difficult thing is now they have dec 25 presale with china mobile short term catalysts looking good
jakef1111
December 23, 2013 – 3:28 pm
Just sold half
eryba1
December 23, 2013 – 3:35 pm
@jakef1111: GOOD FOR U!!! SERIOUSLY a very wise move!!! Now this from the TA I wrote about last week with S&P targets of 1897-1907 if we close above 1826 she writes to me now saying: I’m still bullish and think we can trade higher……you just can’t FORGET we are extended though……..so no matter what you think….you still have to protect yourself!
eryba1
December 23, 2013 – 5:10 pm
It was an impressive day % wise for our holdings, from apple, to Fb to goog Znga cree tqnt. The volume was not impressive for the overall market but this has been a stock pickers market for some time. We are technically starting the Santa rally tomorrow = the last 5 trading days of the year and the first few days of the new year. Some say we are using tomorrows gains today. Lets just enjoy it while it lasts. There are handsome profits to be had if you are in the right stocks. Winners are being added, losers are being dropped. Lets see how long this rally can last. Hope you had a productive day. The markets close at 1pm so it will be an even lighter day volume wise. See you tomorrow morning.
eryba1
December 24, 2013 – 9:30 am
Wishing everyone in the TWC community a Healthy and Happy Christmas and New year. As the year winds down volume will be slow. The markets close at 1pm today. Many people wont be back until after the new year so they have either close their books already or today is their final day and we will see that in the thin volume days into new years. People should go into the momentum names of late AAPL, TWTW,FB lets watch the action.
drefleury
December 24, 2013 – 9:36 am
Today’s a good trimming day. Lots of names looking nice.
eryba1
December 24, 2013 – 9:36 am
@drefleury: lock it up. take the gains, trim away!!!
eryba1
December 24, 2013 – 9:38 am
cien hitting up against its 50 day avg overhead resistance shortly.
kirank
December 24, 2013 – 11:25 am
@eryba – what’s your take on $RHT?
eryba1
December 24, 2013 – 11:28 am
@kirank: great earnings, under promised over delivered. Stock rose 18% after earnings. More migration to the cloud was highlighted on their CC .
eryba1
December 24, 2013 – 11:29 am
@kirank: Its also a stock in Jim cramers portfolio for his charitable trust.
kirank
December 24, 2013 – 11:33 am
Ok. thanks
eryba1
December 24, 2013 – 12:19 pm
TWTR is going parabolic!!
jahmon
December 24, 2013 – 12:51 pm
Of course it is
jahmon
December 24, 2013 – 12:54 pm
No love for FSLR in this rally? Down 8% over the last month.
eryba1
December 24, 2013 – 12:54 pm
Has GOLD and the GLD and GDX Quietly found a bottom? just observing from afar volume it too light to really know. We will only know when it gets above its 50 day avg and if that signals a new uptrend.
eryba1
December 24, 2013 – 12:56 pm
@jahmon: it corrected from 61 and now 55. let see it direction in Jan 2014.
eryba1
December 24, 2013 – 1:05 pm
happy holidays. C U back here Thursday Morning for those not away enjoying time with family & friends.
jahmon
December 24, 2013 – 1:06 pm
Happy Holidays to you, Elad!
eryba1
December 24, 2013 – 1:06 pm
@jahmon: Thank you.
rkumar
December 24, 2013 – 8:52 pm
happy holidays all
eryba1
December 25, 2013 – 8:24 am
