Subscriber Chat Room Archive (January 2nd – January 8th)
Here is the past week’s discussion from the TradingWithCody.com Subscriber Chat Room:
eryba1
January 2, 2014 – 8:10 am
GM and welcome to the 1st trading day of 2014. Already this morning we have an apple downgrade. Forget the Low PE ex cash etc it doesnt matter , forget the 6%YTD performance of the stock in 2013 vs the S&P 28%. We said 2014 will be more volatile and seeing as the S&P closed out 2013 at all time hi’s, overbought on some indicators, too much bullishness. We are off to a pullback in 2014. Apple downgraded at Wells JAN 02, 2014 | 7:31 AM EST AAPL was downgraded from Outperform to Market Perform, Wells Fargo said. Stock is already pricing in higher margins.
chrismossey
January 2, 2014 – 8:15 am
For this month ahead of earnings, this early morning weakness at this level is another gift to us for apple. Take advantage of it. Best wishes for a prosperous 2014 to all!
eryba1
January 2, 2014 – 8:46 am
Cantor named AAPL as its top large cap pick for 2014 given its underperformance in 2013, new product opportunities, attractive valuation and China growth
rzepeda
January 2, 2014 – 8:47 am
GM all and Happy New Year. Wish everyone a Happy, Healthy and Prosperous 2014!+
Turtle108
January 2, 2014 – 9:18 am
well, as the resident goldbug, things are looking up, at least this morning-
chrismossey
January 2, 2014 – 9:45 am
Bidding under the market on apple feb 550’s and April 590’s. April 590’s look rather compelling at $10.50
Olivepetunia
January 2, 2014 – 9:51 am
@chrismossey: Do you mean Feb 590s? I see April 590s at around $18.75
chrismossey
January 2, 2014 – 9:54 am
yes – sorry.
chrismossey
January 2, 2014 – 9:55 am
I was filled at 10.50
eryba1
January 2, 2014 – 10:10 am
nice basing action in FSLR and its 1.6% rise today as market down 113
musa
January 2, 2014 – 10:16 am
not such a bullish start for stocks this year. already looks like its not going to be easy
musa
January 2, 2014 – 10:17 am
@chrismossey: i got apple puts going, shorted from the open so not up much. also have some spx puts from the open
musa
January 2, 2014 – 10:17 am
weeklys though for day trades
Cody
January 2, 2014 – 10:18 am
Let’s do the weekly Live Q&A Chat right now at http://tradingwithcody.com/chat.
Cody
January 2, 2014 – 10:18 am
Let’s do the chat at noon EST instead.
Cody
January 2, 2014 – 10:18 am
Not enough people here righ tnow.
eryba1
January 2, 2014 – 10:19 am
@musa: never easy- we closed 2013 at all time his and 2013 hi’s profit taking and reasons to sell in 2014 to pay taxes in 2015 are in full affect so far
jahmon
January 2, 2014 – 10:47 am
Thank you for taking the West Coast time zone into consideration for these make up chats, Cody.
eryba1
January 2, 2014 – 10:54 am
ni e moves in a down market by FSLR ZNGA FB so far. Cramer adding 2K shares of INTC today a new position hes starting.
eryba1
January 2, 2014 – 10:54 am
thats NICE moves in
jbusma
January 2, 2014 – 10:59 am
@Cody I’m relatively new – with your portfolio picks are there price ranges you can give which you feel good about new people entering positions? I thought I read you bought apple at $7 (good for you!) , or something like that, do you like it now, or Google? I see you’re short on IBM which has fallen 10% since you entered that position, but that leaves me wondering when that was entered and is that is still a good play today? Or do you suggest I just average into (many) these positions in the coming months, or wait for new trades to be announced?
eryba1
January 2, 2014 – 11:03 am
3D stocks up nicely as well
chrismossey
January 2, 2014 – 11:20 am
Needham ups ddd target to $100.
carl
January 2, 2014 – 11:20 am
@cody@eryba1 What do you think of NVDA? Just read a negative review in seeking alpha. Seems that they are flopping in the mobile chip area and have not tried hard enough in GPUs recently.
chrismossey
January 2, 2014 – 11:25 am
Cody, nice to see you here today – Happy New Year. Would love to get your take on Amberella. I am holder bought at 17.14 in August. It has had a nice run into mid 30’s. One of the main reasons I ask is the Google positive announcement surprised, as I was not looking at the stock from that angle but more from the improved Hi def tv chip side. Look forward to hearing any thoughts you might have.
eryba1
January 2, 2014 – 11:27 am
@carl: was one of codys picks I think in early 2013. Not sure how well they are doing. For the most part ins been bet 14-15 for 2013
joe.evicel
January 2, 2014 – 11:49 am
Looks like a nice W forming in $CREE
carl
January 2, 2014 – 11:51 am
@eryba1
carl
January 2, 2014 – 11:52 am
@eryba1@cody Here is the article-http://seekingalpha.com/article/1909001-nvidia-why-oppenheimers-downgrade-for-amd-misses-the-big-picture-for-nvidia?source=email_rt_mc_focus_1
eryba1
January 2, 2014 – 11:52 am
@joe.evicel: for some time now its been developing
musa
January 2, 2014 – 11:55 am
selling some of my weekly spx puts as the s&p gets clobbered. ya know this may be how the year goes for awhile. its probably gonna be a volatile one to say the least
musa
January 2, 2014 – 11:57 am
google aapl cmg nflx all getting smashed. did people wake up this year and say we gotta get rid of these stocks for safer stocks in 2014
eryba1
January 2, 2014 – 11:59 am
@musa: http://money.cnn.com/data/fear-and-greed/. No people woke up to lock in 2013 gains in 2014 to pay those taxes in 2015. We closed at the yera his and overbought so people are selling today
Cody
January 2, 2014 – 12:03 pm
Let’s do the weekly Live Q&A Chat right now at http://tradingwithcody.com/chat.
chrismossey
January 2, 2014 – 12:16 pm
Cody, if the chat is happening now, I will pose my Amberella question -Cody, nice to see you here today – Happy New Year. Would love to get your take on Amberella. I am holder bought at 17.14 in August. It has had a nice run into mid 30’s. One of the main reasons I ask, is that the Google positive partnership announcement surprised me, as I was not looking at the stock from that angle but more from the improved Hi def tv chip side. Look forward to hearing any thoughts you might have?
Danspilo
January 2, 2014 – 12:41 pm
Is the Q/A happening now? Where
Danspilo
January 2, 2014 – 12:44 pm
Was it emailed to me.
joe.evicel
January 2, 2014 – 12:48 pm
@Danspilo: Click on the weekly Q&A link above on the right side
eryba1
January 2, 2014 – 1:50 pm
anyone buying or trimming today for tax purposes or just for trim sake?
joe.evicel
January 2, 2014 – 2:06 pm
@eryba1: I just trimmed some $FSLR for trimming sake. I will probably rebuy some back if it drops to $53-54 again
eryba1
January 2, 2014 – 2:07 pm
@joe.evicel: FSLR built its base bumping up against its 50 day avg at 58 = resistance. If it breaks above it could run much higher. Nice volume todaya s well.
joe.evicel
January 2, 2014 – 2:07 pm
What positions do you guys expect to see the biggest retrace on after this Santa Rally? $DDD is one of the ones at the top of my list.
joe.evicel
January 2, 2014 – 2:12 pm
@eryba1: Yeah I like the volume. I think it will break though the resistance and run a bit, but not until we bounce off it a bit more first
eryba1
January 2, 2014 – 2:12 pm
@joe.evicel: ddd may see retracement, will have to watch and see.
eryba1
January 2, 2014 – 2:13 pm
solar and gold seem to be the themes today, gold biggest decline in 2013 since the 80’s. Solar had its own correction at the end of 2013.
eryba1
January 2, 2014 – 2:58 pm
for a 1.5% decline in apple off the downgrade the volume sure isnt convincing at 6.6M vs avg vol of 11.2m
drefleury
January 2, 2014 – 4:30 pm
@eryba1: Meaning… it’s an indication the market doesn’t care about Wells Fargo’s downgrade? What’s your take?
chrismossey
January 2, 2014 – 6:22 pm
This was an additional buying opportunity – this stock is consolidated into a very tight upward sloping wedge against the trend line and when it breaks above this area the move should be pretty powerful.
carl
January 3, 2014 – 9:34 am
@cody@eryba1 What is your present take on lnkd and zynga. Is Boeing a buy or is it too late?
eryba1
January 3, 2014 – 9:36 am
@carl: if you listen to some the cycle for boeing and new plane orders and transition to better planes on many fronts it may be going higher. znga looks sideways again.
eryba1
January 3, 2014 – 9:38 am
@drefleury: yes if there was a mad dash listening to wells fargo on the apple downgrade you would have seen much higher vol is my take. apple is cheap IMO. When the market sees that fact may take time, new product or Q4 sales to be reported. need to be patient.
eryba1
January 3, 2014 – 9:38 am
Facebook target boosted at BofA/Merrill JAN 03, 2014 | 8:17 AM EST Shares of FB now seen reaching $64, according to Bank of America/Merrill Lynch. Company is attractively valued, relative to its peers. Buy rating.
eryba1
January 3, 2014 – 9:39 am
Google target boosted at BofA/Merrill JAN 03, 2014 | 8:19 AM EST Shares of GOOG now seen reaching $1,250, according to Bank of America/Merrill Lynch. Mobile, product monetization and Play should drive growth. Buy rating.
MikeM
January 3, 2014 – 9:40 am
@eryba1: With ZNGA looking sideways here again, your thoughts on it here…buy, hold, sell?
eryba1
January 3, 2014 – 9:43 am
@MikeM: lets see how it performs rt around here at its 50 day moving avg. Are you invested for the longer term, want to trade it around its chart? what is your cost basis?
chrismossey
January 3, 2014 – 9:52 am
Guys, a good friend of mine has been trading Zagg at the current levels. I was looking at the chart and see a double bottom in the last 90 days. I think it is worth a look.
chrismossey
January 3, 2014 – 9:55 am
– the apple manipulation continues. Just picked up some Jan 24 expiration 545’s at $19. Have an order in for the 540’s at touch higher price. If it keeps going I am going down the ladder every $5 dollars down to get them.
chrismossey
January 3, 2014 – 10:03 am
I really like the FB call – I am a partner in a very successful restaurant in Providence RI and we are using the “boost” push promotion concept from FB with great success. I pick the price point each time from $20-$80 dollars based on reach that I want and they then bill you based on achieved reach the next day. It is really call and I am becoming an avid user/believer. They are really monetizing my businesses relationship with them.
Turtle108
January 3, 2014 – 10:03 am
gold still ticking up- quietly- hoping to see the metal stks respond- yesterday was a big move, might take awhile to convince the stks the move in the metals is real, if it is-
eryba1
January 3, 2014 – 10:09 am
@chrismossey: so u get instant feedback and results- nice to hear. If I may ask what is the name of the restaurant?
eryba1
January 3, 2014 – 10:09 am
@Turtle108: let it cross above 50 day avg at 121 with volume and follow through to confirm any viable move.
JSmith
January 3, 2014 – 10:09 am
@chrismossey: Apple stock is a pos, at the mercy of Wall Street. It goes down a lot when one analyst makes the same margin predictions. You would think he would wait to make predictions until earnings. Truth is it is all timed so someone makes big money on the downward pressure it creates. Think what it does in the options game. Why else would it be timed so. This stock barely moves now with upgrades or positive news. Like I said pos.
eryba1
January 3, 2014 – 10:11 am
@JSmith: it can be a bit frustrating at times, that is why we need to diversify and not rely on one or 2 stocks to drive our portfolios growth.
chrismossey
January 3, 2014 – 10:13 am
@eryba1: Yes, instant feedback. The name of the restaurant is Providence Coal Fired Pizza. Website – http://www.providencecoalfirepizza.com
musa
January 3, 2014 – 10:14 am
not the comeback that every1 was expecting. apple STILL getting demolished after that downgrade. the china mobile deal that people waited years for really didnt matter in the end i guess.
MikeM
January 3, 2014 – 10:14 am
@eryba1: Relatively small position for me with cost basis at $4. Just looking to re-allocate funds elsewhere in near term perhaps if warranted.
chrismossey
January 3, 2014 – 10:15 am
@JSmith: Completely agree with @eryba1, I am really trading around this earnings release in particular. I am extremely diversified across my assets and business interests.
JSmith
January 3, 2014 – 10:15 am
Love the products, hate the stock since fall of 2012. Miss Jobs at helm creating excitement and making things happen
eryba1
January 3, 2014 – 10:19 am
@chrismossey: yes lets give it some time, we all want the INSTANT rise and to never decline. Look at the goog upgrade today. Its down for the day. I had said before most investors are still away and wont be back until next week. I think new $$ will get invested next week.
chrismossey
January 3, 2014 – 10:21 am
Agreed my friend, that is why I am nibbling on the weakness. I have been patient on this thing from $385 up. It is a core holding for me. I have to roll a sizable position of the Jan 18 $500’s that I had bought daily in June.
eryba1
January 3, 2014 – 10:22 am
@chrismossey: Nice plentiful reviews for Providence Coal Fired Pizza from yelp and others. Looks beautiful inside and out!!
Golfcar101
January 3, 2014 – 10:23 am
@chrismossey: nice looking restaurant good luck
eryba1
January 3, 2014 – 10:25 am
@JSmith: The fact is we have been buying the stock here at 400 and under and from 400-500. Its been sideways for a month now in a range 545-570.
chrismossey
January 3, 2014 – 10:27 am
Thanks guys, very fortunate – we started it a few years ago. I have two great chef partners that do great work. We just bought our second building and will have that open in May. Working on our third site now. My primary business is Risk Modeling Solutions with RMS. My restaurants are for the next chapter of my life after corporate america.
eryba1
January 3, 2014 – 10:29 am
@chrismossey: sounds like a good plan.
eryba1
January 3, 2014 – 10:30 am
Lets see if CREE can start moving higher to confirm that BIG W bottom has been set and the stock can move higher.
chrismossey
January 3, 2014 – 10:32 am
Well, re: apple – grabbed the 545’s and the 530’s. Still not filled on the 535’s and 540’s.
eryba1
January 3, 2014 – 10:52 am
Great upside once again in the 3d basket of stocks.
rkumar
January 3, 2014 – 10:57 am
tqnt a buy here??
jahmon
January 3, 2014 – 10:59 am
@chrismossey. What expiration?
jahmon
January 3, 2014 – 10:59 am
Trimming XONE
Cody
January 3, 2014 – 11:08 am
@jahmon: Rock on with the XONE buy and now with your XONE trim. Well played.
chrismossey
January 3, 2014 – 11:20 am
@jahmon: 1/18, 1/24, 1/31 – short term playing this drop for a rebound into earnings.
chrismossey
January 3, 2014 – 11:21 am
@jahmon: paid at the stock price or within 2% of it so very little premium was in them. I bid under the market and let them come in to me.
Turtle108
January 3, 2014 – 11:30 am
any interest here in YHOO? I’m reading about the value of Alibaba – which is raising price targets-
Turtle108
January 3, 2014 – 11:33 am
” Stifel reiterated its “buy” rating on Yahoo and upped its price target to $49 from $40. That implies a rally of nearly 24% from Thursday’s close at $39.59. The new research is not necessarily a bullish call on Yahoo’s core businesses, which Stifel notes continues to see $50 million to $100 million declines in revenue about twice a year. “Despite that slow fundamental decay, the valuation of the 24% stake in Alibaba grinds higher, by several billion dollars per quarter,” Stifel analyst Jordan Rohan wrote in a note to clients on Friday. Stifel believes Yahoo can sell its first tranche in Alibaba at an enterprise valuation of $120 billion and the second tranche at a whopping $200 billion. The higher estimate for the second sale is due to media reports indicating Alibaba w
Cody
January 3, 2014 – 11:41 am
@Turtle108: I don’t like to buy a stock with bad fundamentals like Yahoo has on hopes that I can arbitrage the Alibaba IPO. That said, I’ve seen such arbitrage done well in the past by pros who do it for a living.
Turtle108
January 3, 2014 – 11:51 am
@Cody: thanks Cody- interesting take. I have a small position, appreciate your opinion-
slonda
January 3, 2014 – 11:51 am
Time to short twitter? or pair trade – long FBxshort TWTR? Cody, you was right with short term upside in twtr, but you also said, you would be out at the end of this week…Regards
Cody
January 3, 2014 – 11:52 am
@slonda: Yes, I got that TWTR timing down earlier this week, and I’d move on. I wouldn’t try to short it but I wouldn’t want to own it at $70 either.
slonda
January 3, 2014 – 12:00 pm
thx cody, sounds wise but it seems, that I “need” to short some and take my lesson on it
eryba1
January 3, 2014 – 12:06 pm
The volume is SO light, the action is so random, I think it will be more productive to go and shovel outside today. In NY we received 6-12″ of snow overnight.
chrismossey
January 3, 2014 – 12:07 pm
Agreed, I am cleaning out my home office and checking on things once and a while. Cannot take a great deal of meaning from today.
eryba1
January 3, 2014 – 12:19 pm
@chrismossey: exactly and am doing the same here. Kids all off from school and the cleanup has begun.
JSmith
January 3, 2014 – 12:32 pm
Wow look at Apple tank.
JSmith
January 3, 2014 – 12:33 pm
They are bringing it down good to minimize option losses
JSmith
January 3, 2014 – 12:40 pm
China Mobile gains wiped out
eryba1
January 3, 2014 – 12:41 pm
@JSmith: yes, I’d be inclined to add AAPL here in the low 540’s after its 4-5% correction so far
kirank
January 3, 2014 – 12:42 pm
Anyone planning to buy/add to AAPL today?
JSmith
January 3, 2014 – 12:43 pm
I bought at 550 call for 18 jan for $9
eryba1
January 3, 2014 – 12:44 pm
@kirank: I will add some today
kirank
January 3, 2014 – 12:44 pm
ahh.. sorry didnt see erybya1 response
JSmith
January 3, 2014 – 12:44 pm
Hoping this is temp…I don’t understand the purpose for the drop….but I don’t understand much with this stock
JSmith
January 3, 2014 – 12:45 pm
How thinks it is a result of big money and the options game? Expiration today
eryba1
January 3, 2014 – 12:48 pm
Ok just added to my apple common stock position.
chrismossey
January 3, 2014 – 12:54 pm
feels like a hedge fun got blown up in a position today and is liquidating gains in apple.
eryba1
January 3, 2014 – 1:00 pm
@chrismossey: not sure about that but giving us an opportunity to buy at even lower prices than the pre China Mobile deal.
chrismossey
January 3, 2014 – 1:01 pm
@eryba1: I know – just strange with out news. I have add four tranches today all over the board short and longer dated.
eryba1
January 3, 2014 – 1:48 pm
@chrismossey: ur right but in a low volume session and most big investors away until monday stocks can act funny
chrismossey
January 3, 2014 – 1:52 pm
Yep – someone is selling and it is not because of the Wells Fargo downgrade.
jahmon
January 3, 2014 – 1:54 pm
Options question. I have a number of options expiring on Jan. 18. How do you all make the decision on when to trim, sell, etc. when the expiry starts drawing nearer?
Golfcar101
January 3, 2014 – 2:01 pm
i am never greedy with options if i am happy with profit i sell can change in a hurry
Golfcar101
January 3, 2014 – 2:10 pm
have been using 5 rules of option trading per barrons has been working for me
jahmon
January 3, 2014 – 2:22 pm
Thanks for the ideas, Golfcar101
eryba1
January 3, 2014 – 2:52 pm
19 Apple product tricks- http://www.buzzfeed.com/peggy/mind-blowing-tricks-every-iphone-and-ipad-user-should-kno?s=mobile
jahmon
January 3, 2014 – 2:59 pm
Didn’t see anyone mention LNN earnings which came out this AM. Missed on EPS, beat on revs, doubled dividend. Up a little after ER.
jahmon
January 3, 2014 – 3:04 pm
Love the tip to charge the iPhone twice as fast, Elad.
chrismossey
January 3, 2014 – 3:08 pm
@jahmon: depends if they are in the money or not and if you have a profit or not. You need to worry about the ones that are out of the money with two weeks to go a bit more than the ones that are in the money. Also depends on what you think each underlying equity will do between now and then.
doug.sekula
January 3, 2014 – 3:09 pm
Bought some AAPL
doug.sekula
January 3, 2014 – 3:15 pm
@eryba1: Nice bottom on AAPL @ 12:48
drefleury
January 3, 2014 – 3:16 pm
Who heard that report about Twitter, where content providers want to use it for getting material (video, qoutes, pictures) without having to pay licensing and copyright charges, or freelance rates… Made sense to me.
drefleury
January 3, 2014 – 3:16 pm
I think it was on one of the money shows on the radio…
chrismossey
January 3, 2014 – 3:16 pm
One lawsuit and that is done.
eryba1
January 3, 2014 – 3:17 pm
@doug.sekula: u clockin me by the hour???
eryba1
January 3, 2014 – 3:17 pm
cree looking good
chrismossey
January 3, 2014 – 3:19 pm
apple pushed up against it’s 50day and did an about face.
chrismossey
January 3, 2014 – 3:20 pm
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eryba1
January 3, 2014 – 3:20 pm
@chrismossey: just about
chrismossey
January 3, 2014 – 3:20 pm
forget that one- you can’t paste from Stockcharts.com
doug.sekula
January 3, 2014 – 3:21 pm
HaHaHa!! I knew I was getting some APPL today, was trying to catch bottom myself but got distracted at work and seen I missed it but remembered you bought some and noticed.
eryba1
January 3, 2014 – 3:22 pm
@doug.sekula: its just 2 points since “the bottom” we are buying for many points higher vs todays intradays lows, but cant hurt if it holds
chrismossey
January 3, 2014 – 3:25 pm
saw a tweet on scutify – 50% of trades today on apple are for less than a 100 shares. – did the government forget to mail social security checks?
doug.sekula
January 3, 2014 – 3:27 pm
@eryba1: yep.
eryba1
January 3, 2014 – 3:27 pm
@chrismossey: more evidence that bigger players are not here until monday. 100 shares constitutes a $54,500 purchase or sale.
chrismossey
January 3, 2014 – 3:28 pm
I know – I was just saying…. it is friday.
eryba1
January 3, 2014 – 3:29 pm
@chrismossey: yes 30 min left for the trading week.
JSmith
January 3, 2014 – 3:31 pm
@eryba1: funny how much small orders
JSmith
January 3, 2014 – 3:32 pm
can bring the price down, and no one is buying
eryba1
January 3, 2014 – 3:33 pm
@JSmith: yes simple supply and demand factors at work.
JSmith
January 3, 2014 – 3:33 pm
let’s hope me move back up starting Monday. I traded in one of my jan 18 $500 calls for for Feb 22 $500 call just in case
JSmith
January 3, 2014 – 3:33 pm
of course buying more time cost a few hundred morebucks
JSmith
January 3, 2014 – 3:33 pm
time will tell if that was smart
JSmith
January 3, 2014 – 3:53 pm
Apple dropping on close. Down 2% after good drop yesterday. Looks like last year might repeat itself over the first half of the year.
JSmith
January 3, 2014 – 3:54 pm
Maybe we are the wrong side again like we were last fall, winter, and spring?
eryba1
January 3, 2014 – 3:56 pm
@JSmith: for now it does look that way. Let us give it some time. I added some today to shares I bot in the low 400’s
JSmith
January 3, 2014 – 4:03 pm
@eryba1: down 20+ in 2 days. Looking like a pos again. Will see what next week brings.
chrismossey
January 3, 2014 – 4:04 pm
Wow, go offline, hook up my thunderbolt monitor that arrived today in the snow and bam, down more, g
chrismossey
January 3, 2014 – 4:04 pm
got filled on all 8 tranches today. I am done with it into earnings. Have a nice weekend.
eryba1
January 3, 2014 – 4:05 pm
@JSmith: yes lets give it some time, holidays sales were very strong and q$ sales should also prove the stock is trading at a cheap multiple. We cvan always readjust if need be.
eryba1
January 3, 2014 – 4:05 pm
thats Q4 sales
eryba1
January 3, 2014 – 4:06 pm
Ok everyone have a good weekend. Monday morning all of wall st should be back at work. Lets see what happens when volume returns. Apple closet rt at 50 day moving avg, lets see if it finds support here next week.
JSmith
January 3, 2014 – 4:07 pm
@eryba1: yeah, we all expect a strong quarter, just get tired of feeling like it is a penny stock
chrismossey
January 3, 2014 – 4:07 pm
My gut tells me that the selling got started today and the week hands panicked. Unless someone knows something no one else knows. I believe it is in great shape going into earnings and the pro’s know that and they all be back next week.
chrismossey
January 3, 2014 – 4:08 pm
Can also be employee rsu’s ahead of the earnings quite period. They need to pay for Christmas.
chrismossey
January 3, 2014 – 4:14 pm
One last point for everyone on apple. If you look at september and the first few days of October. Apple was down and oversold. Then the earnings money starts coming in. Monday will be the 6th and it started on the 7th of october. Also, same situation in late June. Sleep well it will be fine. One stock does not make the market be we will love it when apple does well.
eryba1
January 3, 2014 – 4:15 pm
@chrismossey: interesting points there!!
chrismossey
January 3, 2014 – 4:18 pm
Thank you. Have a nice weekend.
JSmith
January 3, 2014 – 4:21 pm
@chrismossey: let’s hope you are right. Just frustrating to me, with Apple priced like it sells toilet paper. Have a great weekend.
eryba1
January 3, 2014 – 4:37 pm
Cramers take on today just now:
eryba1
January 3, 2014 – 4:38 pm
Then again, I haven’t seen such a bizarrely un-correlative day like this in ages. The banks soared and stayed up. The industrials roared and then gave it up. And tech turned into the real downer led by Google (GOOG) and Apple (AAPL) in a real pasting. I am sure someone will try to spin this session negatively because we got knocked in the end, but all I can say is that if there could be fewer players in the first week of a new year than today, I can’t remember it. Totally dismissible action, either way.
chrismossey
January 3, 2014 – 7:28 pm
For those of you that want to see something very interesting go to the nasdaq site and load in the apple symbol. There are some major sales. Something went on in apple late day. Seems like some protective stops get triggered with the absence of people. Very interesting.
JeffDaniel
January 3, 2014 – 10:56 pm
Did Apple Go down based on rumors of problems with the new IPhone that is rumored in production?
JSmith
January 4, 2014 – 7:25 pm
@JeffDaniel: you mean Iwatch?
JeffDaniel
January 4, 2014 – 11:37 pm
@JSmith: Yes. Thanks. Apple is a reflection of the lack of confidence in Tim Cook. Seems to be a slow but steady decline into a normal company. But I still see %700 in 6 months.
doug.sekula
January 5, 2014 – 11:05 am
@Cody:@eryba1: Made my reservations to the Traders Expo/Hotel in FEB. 1st time to NY. Hope to see yall there.
carl
January 5, 2014 – 2:41 pm
@JeffDaniel Why do you think that aapl goes to 700? The last time it started down it actually broke 400 from above. My guess it that this is the result of too many experts not really understanding the company. You can’t come up with game changers all of the time.
carl
January 5, 2014 – 4:30 pm
@eryba1 Any thoughts on where aapl is headed in the short term? Is this a repeat of the 700 to 400 dive or do you see a leveling off and gradual turn-around?
carl
January 5, 2014 – 4:31 pm
@cody What’s your take on lnkd?
JeffDaniel
January 5, 2014 – 4:46 pm
@carl: If you are correct then Tim Cook will be out of a job. I do see Apple trading up to $700 this year but have been very surprised by the latest $20 drop. I do see a watch and some type of updated TV product whether that is a set top box or TV I don’t know. But as Cody stated I too do not like how Tim Cooks handles himself and how he does not defend the company or brand. Apple is still the best but another year like last will turn it into just a good company. I have not given up on Apple but just wish they would be more aggressive.
JSmith
January 6, 2014 – 6:40 am
Apple down $5 more in premarket on 50k volume.
JSmith
January 6, 2014 – 6:51 am
Guess someone downgraded Apple to sell. Looks like a repeat of last year.
eryba1
January 6, 2014 – 7:20 am
January 6, 2014 06:32 EDT : Goldman downgraded First Solar two notches to Sell due to lack of EPS growth as growth shifts to rooftop and away from utility-scale. The firm expects EPS declines and likely cuts to 2015 MW project targets. Price target lowered to $45 from $62.
eryba1
January 6, 2014 – 7:20 am
meanwhile SCTY its competitor is up 7% in pre market
Golfcar101
January 6, 2014 – 7:42 am
@eryba1: any merit in gs downgrade in fslr your thoughts? thanks
eryba1
January 6, 2014 – 8:31 am
@Golfcar101: when scty announced it will enter the commercial market that FSLR was in with the battery technology from TSLA that was the first sign. fslr was at 61 then corrected to 54 now its back there again. meanwhile SCTY up near 12% in the pre market. Lets keep things tight here. Cody was looking for a 10-20% decline at some point this year. Analysts are back this week and already a FSLR and STARING TWTR downgrade as well. I was looking for a rise with new $$ put to work in 2014 in the first few days and then for myself to pullback as my own personal schedule to be away from work would have me sell more as my time off approached. Lets keep a tight leash on things.
eryba1
January 6, 2014 – 8:34 am
We have the fed minutes this week and a jobs # friday. We are not extended IMPOV- http://www.mcoscillator.com/market_breadth_data/ . greed fear index is a bit hi. http://money.cnn.com/data/fear-and-greed/. MS downgrade of twtr was to a $33 level from its friday close of 69- Twitter downgraded at Morgan Stanley JAN 06, 2014 | 8:19 AM EST TWTR was downgraded to from Equal-weight to Underweight, Morgan Stanley said. Valuation call, based on a $33 price target.
Golfcar101
January 6, 2014 – 8:35 am
@eryba1: thanks
eryba1
January 6, 2014 – 8:42 am
Asia was weak overnight on their 1st trading day of 2014. However they were up 56% YTD. We have a string of negative mornings lining up for 2014 already. Wondering of new $$ in will wait to be invested or put to use the first few days. Its all about individual stocks so watch your positions carefully. You dont want to give back too much of your 2013 gains. Its just feels too negative to begin a new year but thats what happens when U start locking in 2013 gains in 2014 then wait for a pullback that has come far and few in 2013 and U end at all time hi’s
eryba1
January 6, 2014 – 8:43 am
so here we go: goldman chooses SCTY over FSLR- SolarCity upgraded at Goldman JAN 06, 2014 | 8:27 AM EST SCTY was upgraded from Neutral to Buy, Goldman Sachs said. Company was also placed on the Conviction List. $80 price target. Company should benefit from fast rooftop growth.
eryba1
January 6, 2014 – 8:48 am
with all this negativity I may initiate my 1st tranche in GLD in 2014 to make this my 1st new position of 2014. Lets see how this day and week unfold. TWTR down 6% pre market FSLR 4.5% AAPL .7% FB near 1% while ZNGA up 2% SCTY up 11%
Turtle108
January 6, 2014 – 8:55 am
@eryba1: good morning- gold and dow futures both up this morning- I like the set up . sticking with the positions I have mentioned- SLW- FNV- ANV- MUX- AG- GDX- GDXJ-
chrismossey
January 6, 2014 – 8:59 am
Good morning, apple sitting right on the 50 day in the premarket. Will be an interesting couple of days. Brian White is out again saying it is going to over perform based on suppliers and Motley Fool had a good piece over the weekend.
eryba1
January 6, 2014 – 9:02 am
@chrismossey: yes a VERY interesting morning and next few days on the fE and GOV data. Lets see how our individual names perform. Lets once again protect our accounts and keep them at hi levels. tech seems overtly bearish to starts 2014 as it was in 2013. We are at 2 different places with the current levels in FB GOOG SNDK AMZN to name a few but lets be cautious as well.
chrismossey
January 6, 2014 – 9:03 am
agreed. Protecting gains over the next few days into any strength.
888
January 6, 2014 – 9:04 am
@eryba1: Gd Morn, any thoughts abt NVIDIA? with the release of the Tegra K1 chip
eryba1
January 6, 2014 – 9:04 am
Facebook to Announce Fourth Quarter and Full Year 2013 Results Jan 29, 2014 – http://finance.yahoo.com/news/facebook-announce-fourth-quarter-full-140000818.html
eryba1
January 6, 2014 – 9:07 am
@888: I think INTC may be the best one here chips wise along with TQNT. NVDA will have to be a show me stock- for 3 years now its traded between 12-16. So that market hasnt seen anything special in its chips, reported #’s market share etc as of yet.
chrismossey
January 6, 2014 – 9:08 am
guys, take a hard look at Ambarella in the chip space. Performing very well.
Turtle108
January 6, 2014 – 9:09 am
@chrismossey: was just going to post the same- up 2% pre-mot, FWIW. I like this co too and have been in awhile-
Turtle108
January 6, 2014 – 9:09 am
@chrismossey: should say pre-mot.
Turtle108
January 6, 2014 – 9:10 am
sorry. pre-mkt . auto correct strikes again.
chrismossey
January 6, 2014 – 9:11 am
I have so many screens open and typing like mad usually, don’t worry about spell check with me.
chrismossey
January 6, 2014 – 9:12 am
If we see buyers step into apple around 10am things will be good. looking forward to seeing the action.
eryba1
January 6, 2014 – 9:14 am
@chrismossey: amba 24 to 35 in a months straight up. Nice move if U caught the ride higher- quite overbought Rt now
chrismossey
January 6, 2014 – 9:17 am
I know, I was in at 17. On the overbought front, I have watched ddd be overbought for 6 months after selling my whole position at 40. When it is a stocks time it is their time. Ambarella just set up a new partnership with google which could double revenue alone. Lastly – the CES is doing wonders for the whole 3d printing sector.
Turtle108
January 6, 2014 – 9:22 am
@chrismossey: agree 100%
eryba1
January 6, 2014 – 9:22 am
@chrismossey: a stock making new hi’s is a a good thing. just will have pullbacks when very overbought most of the time. DDD had its own 15% decline from 81 to 68 or so in FAST SHARP order.
chrismossey
January 6, 2014 – 9:33 am
yes and I missed it because I thought it would go lower. I am in complete agreement with you.
JSmith
January 6, 2014 – 9:35 am
Apple tanking yet again
chrismossey
January 6, 2014 – 9:37 am
You want to see a great chart tool with buying and selling live – go to tradingview.com
chrismossey
January 6, 2014 – 9:40 am
Buyers stepping into apple now in a big way.
Turtle108
January 6, 2014 – 9:42 am
@chrismossey: that is a nice site. thanks for that. I’m in the midst of a hassle with Stockhouse which is who I use for streaming quotes- any suggestions for good streamers from anyone?
carl
January 6, 2014 – 9:59 am
@eryb1 What’s with lnkd? Do you have an idea of why the stock has tanked so badly over the past 3 months? Was it over-bought?
Banjoman
January 6, 2014 – 10:14 am
@eryb1 – any idea what’s driving FSLR down? Is this a good opportunity to buy-in?
Golfcar101
January 6, 2014 – 10:14 am
@Banjoman: gs lowered rating to sell
Cody
January 6, 2014 – 10:19 am
Good morning, all. Today is the first day this year that the big fish are back in the pond. Not that u can game that or anything, but just sayin’.
carl
January 6, 2014 – 10:20 am
@cody Any idea why lnkd has tanked so badly over the past 3 months or so? Does it have a future (12 months)?
Cody
January 6, 2014 – 10:20 am
@Banjoman: FSLR ain’t bad for a first tranche buy. That is, if you want to buy $FSLR look to buy 1/3 of a full position to get started on a day like today when it’s down nearly 10%.
Cody
January 6, 2014 – 10:22 am
@carl: Yes, LNKD will certainly be around fora long time and is going to continue to grow very fast for a while at least. But the stock, like many others, is already bubblicious and very highly valued and from a valuation standpoint could certainly have more downside.
888
January 6, 2014 – 10:22 am
@Cody: gs just downgraded fslr, are you still bullish on this stock and why?
Cody
January 6, 2014 – 10:22 am
@888: I Just wrote: FSLR ain’t bad for a first tranche buy. That is, if you want to buy $FSLR look to buy 1/3 of a full position to get started on a day like today when it’s down nearly 10%.
carl
January 6, 2014 – 10:23 am
@cody Thank you very much. I still would like to have a consult when you stop working 25 hour days.
Cody
January 6, 2014 – 10:24 am
@carl: I’m going to start hitting the Deep Dive Consults this week, so we’ll be setting it up with you.
kirank
January 6, 2014 – 10:34 am
Cody, what do you think about MU, HTZ and GRPN?
Cody
January 6, 2014 – 10:36 am
@kirank: MU seems too risky that the market will sometime again decide not to pay up for earnings and the multiple will drop, limiting upside and opening up downside. Don’t know any thing helpful for you on HTX. GPRN’s shady accounting metrics have always kept me away from it.
kirank
January 6, 2014 – 10:38 am
thanks cody
chrismossey
January 6, 2014 – 10:47 am
Cody – are you going to CES? I believe I recall you spoke at one of the last two. Any thoughts on the theme’s there? I am trying to come up with a reason wearable electronics will be a big hit. I personally don’t see me walking around in a suit for meetings talking into my wrist or for that matter not wearing a nice watch. jmo..
eryba1
January 6, 2014 – 10:48 am
ces theme- wearable computing- http://www.usatoday.com/story/tech/2014/01/06/whats-cool-ces2014/4335615/
Cody
January 6, 2014 – 10:48 am
@chrismossey: Automobile technology will be the biggest theme at this year’s CES if I have to guess. Not going.
Cody
January 6, 2014 – 10:49 am
@chrismossey: And what @erba1 just said too.
chrismossey
January 6, 2014 – 10:50 am
Wow, apple up on on the day. Feels like the automobile tech industry is bigger than the living room to me. Besides apple and google with the os’s for the car how else should we be thinking of playing this?
eryba1
January 6, 2014 – 10:51 am
FWIW- I am buying some portfolio protection and hoping for a W bottom in Gold and the GLD. 1st tranche buy here 1st Buy of 2014 and new position for me. Leaving LOTS of room to add more.
chrismossey
January 6, 2014 – 10:51 am
I am following you in on this. FWIW
Cody
January 6, 2014 – 10:51 am
@chrismossey: Purest plays on automobile technology are the FSL and TXN.
chrismossey
January 6, 2014 – 10:52 am
Thank you!
eryba1
January 6, 2014 – 11:02 am
@chrismossey: FWIW I am adding 2nd tranche today of GLD , market seems heavy or scared. could be fed minutes? could be friday jobs #, could be early but my gut says just to be careful here as my time away is fast approaching.
rkumar
January 6, 2014 – 11:22 am
cody any opinion on swir??
chrismossey
January 6, 2014 – 11:51 am
Today’s action on apple – pretty nice chart.
chrismossey
January 6, 2014 – 11:59 am
Very interesting piece here – http://seekingalpha.com/article/1928581-Apples-Expanding-Ecosystem-Will-Help-These-Stocks-Triple?source=nasdaq
rzepeda
January 6, 2014 – 12:00 pm
Does anyone follow REITS? I see that many are near 52 week lows and offer strong dividend yields. Any thoughts as I never followed REITS.
eryba1
January 6, 2014 – 12:01 pm
@rzepeda: with rising yields many expect vs today under 3% on 10 yr the returns from these reits is less appealing as that rate of return can be see in gov backed and insured bonds as yields rise.
JeffDaniel
January 6, 2014 – 12:09 pm
Cody, You mentioned a few weeks back that you might look into Apple options. Does the recent pullback make this look more or less appealing? Jeff
chrismossey
January 6, 2014 – 12:18 pm
Perfect response – cannot agree more.
jahmon
January 6, 2014 – 12:19 pm
Pandora has become a full blown nightmare
jahmon
January 6, 2014 – 12:21 pm
Pandora, Yelp, Zillow the top three gainers on my screens…crazy time.
eryba1
January 6, 2014 – 12:21 pm
yelp and P doing very well, no major cracks and reasons to short.
ebdavids
January 6, 2014 – 12:40 pm
@Cody, if you’re still there: you had suggested working with small tranches on Bitcoin (say, 10% at a time). Would you say now is a good time for another buy, with the news that ZNGA (andIi think others) announced they’ll accept Bitcoin?
eryba1
January 6, 2014 – 12:42 pm
what will be this years leaders? so far in the VERY early going of 2014 its really been financials with BAC and Citi bank leading the way. Oil is down in a straight line again in the form of the etf symbol USO down from 36 to 33.5. Tech has been down as a whole the QQQ having fallen in 2014 from 88 to 86.2 today
rkumar
January 6, 2014 – 12:56 pm
lnkd a buy here??
eryba1
January 6, 2014 – 12:56 pm
nice action in FB lopsided cup and handle forming, handle part being formed now, AAPL nice recovery after 1% decline.
eryba1
January 6, 2014 – 12:57 pm
@rkumar: lnkd- good question- let see its hold this 200 level for a bit first. If someone has none and is interested it may not be a bad entry level.
chrismossey
January 6, 2014 – 1:10 pm
@eryba1: Lnkd has acted funny since hitting 250 a couple of times. seems to me that under 200 or around this point would be a decent spot to get long.
eryba1
January 6, 2014 – 1:11 pm
@chrismossey: yes every time time it sees 250 it retreats to 200 twice now recently.
jbusma
January 6, 2014 – 1:45 pm
What is the Symbol for “Calgone”? I didn’t come up with anything searching for that spelling, is it “Calgon $CCC”?
eryba1
January 6, 2014 – 1:45 pm
@jbusma: CCC- calgon carbon corp
Cody
January 6, 2014 – 2:36 pm
@JeffDaniel: More appealing as AAPL pulls back. I haven’t pulled the trigger on any aapl calls yet though.
JSmith
January 6, 2014 – 3:00 pm
@rkumar: I mentioned it when it was at $18. No interest
eryba1
January 6, 2014 – 5:09 pm
It was an odd day. The qqq was in the red by nearly 1/2 a percent yet most of that came from the 1.25% decline in intc and 2% decline in MSFT. Meanwhile goog and FB outperformed. znga was up 1.76% . FSLR was the rotten stock today down 10% on a GS downgrade to a sell and 40’s target price as GS likes SCTY and put it on its conviction list. Financials was the only sector in the green as gold was unch for the day. Stay on your toes as this is already a tricky year as there is a thought that the first few days are indicative of what the year will be like. Stay sharp out there we dont wnat things getting away from us to the downside. Protect your capital.
chrismossey
January 6, 2014 – 8:36 pm
Samsung is getting stung by Apple as earnings for Samsung will miss. More proof apple has had a great quarter.
JeffDaniel
January 6, 2014 – 8:46 pm
@chrismossey: I agree and I also think that Google has an Open Auto Alliance that Audi just signed up for. This combined with Samsung was likely some of the reason for the fall.
eryba1
January 7, 2014 – 7:15 am
CES DAY ONE- http://www.usatoday.com/story/tech/personal/2014/01/06/ces-day-one/4348987/
JSmith
January 7, 2014 – 9:57 am
Apple down with market up. Standard day.
jahmon
January 7, 2014 – 10:08 am
All CPandora puts are now worthless except for the March ones which are almost there too…
joe.evicel
January 7, 2014 – 10:21 am
Some nice movement in $ZNGA this morning up 3% $4.17
Jeffhok1970
January 7, 2014 – 10:31 am
Cree up nicely.
joe.evicel
January 7, 2014 – 10:37 am
@Jeffhok1970: Yeah on some nice volume. Maybe some news on the way?
Jeffhok1970
January 7, 2014 – 10:46 am
someone is excited by light blubs. I can’t find any news. Selling my Jan 55 calls for $10. Very happy!
j4lc00
January 7, 2014 – 10:50 am
any thoughts on NFLX. Possibly Mar calls
joe.evicel
January 7, 2014 – 10:53 am
@Jeffhok1970: Nice; that’s something to get excited about
drefleury
January 7, 2014 – 10:53 am
@j4lc00: might be catching a falling knife…
eryba1
January 7, 2014 – 11:02 am
chris- NICE action in AMBA up another near 6% today. Cree acting very well along with continued good action in FB AMZN ZNGA cien so far today. FSLR finding some footing.
drefleury
January 7, 2014 – 11:08 am
Locked in gains in Cree and xone calls
jahmon
January 7, 2014 – 11:30 am
Per Richard Gobel $NFLX is in an extreme oversold condition here. It is a buy
eryba1
January 7, 2014 – 11:54 am
Google estimates, target boosted at JP Morgan JAN 07, 2014 | 8:33 AM EST Shares of GOOG now seen reaching $1,305, according to JP Morgan. Estimates also upped, as the company should continue to gain market share in online advertising. Overweight rating.
jahmon
January 7, 2014 – 12:05 pm
I locked some CREE and FB calls
eryba1
January 7, 2014 – 12:06 pm
@jahmon: I hope the breakout and rise in cree is just beginning and this breakout has LEGS. lets see
eryba1
January 7, 2014 – 12:07 pm
However always feels good to book profits
jahmon
January 7, 2014 – 12:24 pm
Took 1/5th off at 80% profit…seemed reasonable on the big jump today
eryba1
January 7, 2014 – 12:25 pm
@jahmon: may all our profits be of this caliber.
jahmon
January 7, 2014 – 12:31 pm
173% on FB…working to get back all the money I lost on Pandora puts…
eryba1
January 7, 2014 – 12:38 pm
@jahmon: Hope U have a new system from now on. When and at whats % if you are all in and U R down a certain % when to just sell and walk away to find a new investment
tjpavelle
January 7, 2014 – 1:07 pm
Bitcoin. Can this be traded at your brokerage? I use TDA and no symbol appears. How do you ‘buy’ Bitcoins?
eryba1
January 7, 2014 – 1:43 pm
adding lnkd common shares here for a few accounts
chrismossey
January 7, 2014 – 2:03 pm
@eryba1: Amba is working hard. Also just landed and see the move in lnkd and your adding. I think I will do the same. Stock had a 20% retracement.
eryba1
January 7, 2014 – 2:06 pm
@chrismossey: aside from apple things working well today
rkumar
January 7, 2014 – 3:04 pm
any opinion on gogo?
msamuels2000
January 7, 2014 – 3:20 pm
@jahmon: Riding CREE Jan 55s into expiration. Did the same with FB Dec calls and it turned out well but I’m up a lot more on CREE so may rethink and take profits
satishask
January 7, 2014 – 3:29 pm
Is anyone playing apol earnings today?
Turtle108
January 7, 2014 – 4:22 pm
how about PLUG- anyone see that today? still selling under its 52 week high- it looks like it was 1000 in 2000, and then split 1 for 10- now at 3.98- eryba? Cody?
eryba1
January 7, 2014 – 4:48 pm
@Turtle108: havent heard that name in 10+ years. Popped today off news of fed ex order for extenders and huge volume, fast money chasing it. I have no interest in day trading it and its near 40% rise today and near 250% return already in 2014 going from 1.5 to 4
eryba1
January 7, 2014 – 4:50 pm
@Turtle108: then again. I am sticking to my call weeks ago that we run higher into the first or 2nd week of jan Max Jan 14th Then my vacation time comes into play and I want to be heavy cash and some protection with some GLD that I added yesterday
Turtle108
January 7, 2014 – 4:53 pm
@eryba1: was wondering if you added a little more GLD today on the downdraft- the gold stks were down all day, but then closed even- hoping they are getting ready to go up!
eryba1
January 7, 2014 – 4:55 pm
@Turtle108: I actually did not. I was in and out of the office all day so I did not have a good sense or feel of the market today at all so I didnt not do much but add some LNKD.
eryba1
January 7, 2014 – 4:57 pm
there was a great action in GOOG, FB AMZN SNDK ZNGA CREE all on better follow through good volume aside from amazon.
eryba1
January 7, 2014 – 5:03 pm
OK have a good night. The action was positive and we start earnings in a few short weeks. C U bright and early tomorrow morning.
JSmith
January 7, 2014 – 8:25 pm
Guess I need to sell Apple too. I really hate the stock.
JeffDaniel
January 7, 2014 – 10:46 pm
Cody, I have owned Apple for 11 years and have finally come to the conclusion that under Tim Cook they are evolutionary and will trade sideways and slowly go down. Google seems to be taking over in all price points and Apple’s margins will decrease without a revolutionary product. Would have preferred to see Jack Dorsey join Apple instead of Disney.
JeffDaniel
January 7, 2014 – 10:46 pm
Jeff
JeffDaniel
January 7, 2014 – 11:01 pm
Cody, Where is the best place to buy Bitcoin?Jeff
eryba1
January 8, 2014 – 8:03 am
Twitter downgraded at Cantor JAN 08, 2014 | 7:55 AM EST TWTR was downgraded from Hold to Sell, Cantor Fitzgerald said. Valuation call, based on a $32 price target.
eryba1
January 8, 2014 – 8:16 am
Facebook Buys India Startup Amid Push to Add Mobile Users- http://www.bloomberg.com/news/2014-01-08/facebook-buys-india-startup-amid-push-to-add-mobile-users.html?cmpid=yhoo
Golfcar101
January 8, 2014 – 8:24 am
looks like amba is going to take a breather on downgrade
Turtle108
January 8, 2014 – 10:01 am
check out PLUG- it used to be a $1000 stk- have no idea if it’s a buy here or not-
chrismossey
January 8, 2014 – 10:02 am
@Golfcar101: could be a buying opportunity. Downgraded from Strong buy to buy at Needham.
Golfcar101
January 8, 2014 – 10:02 am
@chrismossey: thanks
Turtle108
January 8, 2014 – 10:06 am
holding AMBA here, still have nice profits, will watch it for now. FWIW.
Turtle108
January 8, 2014 – 10:07 am
I still think if gold can get it together it’s the buy here- SLW- MUX- GDX- FNV- ANV
eryba1
January 8, 2014 – 10:12 am
on a down day for the dow & S&P our tech is doing very well,
chrismossey
January 8, 2014 – 10:13 am
@Turtle108: same on Amba for him.
eryba1
January 8, 2014 – 10:13 am
SNDK up 4% of MU #’s last night cien 1.65% cree near 1% aapl bouncing off 50 day avg so far, continued move higher in goog
chrismossey
January 8, 2014 – 10:16 am
@eryba1: thoughts on a short term google earnings trade? if any? I was looking at the move it has made into earnings over the last couple qtrs and it is pretty strong.
eryba1
January 8, 2014 – 10:25 am
@chrismossey: I own it so to buy after this Nice run? U have none? have some? want to add? I dont like buying after such rips higher just for earnings that can be sold as the run was anticipating the good qtr. Only because the % for a pullback increases and U have such a small cushion
chrismossey
January 8, 2014 – 10:26 am
Agree with you points. I have no google the moment.
eryba1
January 8, 2014 – 10:27 am
@chrismossey: I think goog will have a GREAT 2014 we just need to wait for our pitch. Do U own Cien, cree they are looking good
eryba1
January 8, 2014 – 10:28 am
and havent run like goog
eryba1
January 8, 2014 – 10:29 am
@chrismossey: even apple after this decline to its 50 day avg needs to hold here and then can move higher.
eryba1
January 8, 2014 – 10:30 am
@chrismossey: did u sell some AMBA? todays downgrade has U acting?
chrismossey
January 8, 2014 – 10:31 am
I did sell some amba
chrismossey
January 8, 2014 – 10:31 am
1/5 position to be exact
ebdavids
January 8, 2014 – 10:41 am
I know Cody doesn’t seem to be here yet, but does anyone have any feelings on the APOL ER and its short and midterm future? Cody, still see it as a BK or single digit stock?
chrismossey
January 8, 2014 – 10:54 am
@eryba1: On with a lnkd sales person trying to sell us RMS an upgraded subscription with advanced functionality. Cool stuff, also realized we litter have recruiters in Lnkd all day and we are starting to pay big $$ for what we use in our organization.
eryba1
January 8, 2014 – 10:57 am
@chrismossey: is it= upgraded subscription and advanced functionality, really more productive?
chrismossey
January 8, 2014 – 10:58 am
Could help us drive more revenue.
eryba1
January 8, 2014 – 10:59 am
@chrismossey: for a min there I didnt read the RMS portion and though HMM LNKD for PIZZA!!!?? how is B to P going to work? its not B to B
chrismossey
January 8, 2014 – 11:01 am
That is funny
chrismossey
January 8, 2014 – 11:02 am
The grind started again on Monday. The two week holiday break was nice.
eryba1
January 8, 2014 – 11:04 am
@chrismossey: my 2 weeks starts next week. I am more than ready after yesterdays morning drive to school for kids and temp reading 5 degrees w/o wind where it felt more like – 20 when U went for a kids school event and walked just 1 block after a good close parking spot found and it felt like SIBERIAN HELL Winter FREEZE.
chrismossey
January 8, 2014 – 11:06 am
With you, I am in Florida for five weeks starting the last week of January. I rented a house in Ft Lauderdale on the Inter-coastal for the month of February. 3 weeks of Vacation around 2 weeks of Capital Markets conferences. Just walking from the W Hotel here in Hoboken to my office next door this morning I had ice on my face.
slonda
January 8, 2014 – 11:08 am
@eryba1: Any thoughts on JDS pls?
eryba1
January 8, 2014 – 11:08 am
@chrismossey: inter coastal, I know it well, thats where am going. Miami with the family for a few weeks.
eryba1
January 8, 2014 – 11:09 am
@slonda: prefer CIEN when it comes to fiber optics and broadband.
chrismossey
January 8, 2014 – 11:10 am
@eryba1: Do you live in Manhattan?
eryba1
January 8, 2014 – 11:10 am
@chrismossey: brooklyn
slonda
January 8, 2014 – 11:15 am
@eryba1: regards
joe.evicel
January 8, 2014 – 11:18 am
@chrismossey: & @eryba1 – I’m sitting here laughing at the vacation plans. I’m in nyc but going to be in Ft Lauderdale then Miami for the exact times you guys will be there. Looks like everyone is escaping the cold. Going to be no one left on the board.
eryba1
January 8, 2014 – 11:20 am
@joe.evicel: well it will be back to 40-50 degrees here next week. seems the arctic dome is moving back to where it belongs.
chrismossey
January 8, 2014 – 11:23 am
I am going to the 815pm Pats/Colts game and am happy to see it will be in the 40’s. For those of us in the NYC area regularly we should plan a cocktail event to meet in person.
eryba1
January 8, 2014 – 11:24 am
@chrismossey: yes I know a great coal fired pizza place
chrismossey
January 8, 2014 – 11:26 am
That would be Providence. I am happy to host it there!
eryba1
January 8, 2014 – 11:26 am
@chrismossey: U jumped the gun!!: ) Lombardi Pizza
jarheadwho
January 8, 2014 – 11:27 am
Is anyone following Cody’s advice yesterday on the Pandora puts? (i.e. selling off them when/if it goes over $33/share) – it’s continuing to rise and we are now is money losing mode ~
chrismossey
January 8, 2014 – 11:28 am
I don’t own them.
eryba1
January 8, 2014 – 11:28 am
@chrismossey: pats / colts should be fantastic GAME!!! that colds chiefs game was stunning.
eryba1
January 8, 2014 – 11:30 am
@jarheadwho: hard to short a stock that hot, its been a great chart may see 36 first before any pullback. how can U short a parabolic move, who knows where it ends
eryba1
January 8, 2014 – 11:31 am
@chrismossey: colts down 28 and luck is just amazing, Plus unreal 3-5 chiefs players out with concussions or other, that set the stage for a comeback on 2nd string players chiefs put on field in those injured positions.
chrismossey
January 8, 2014 – 11:32 am
@eryba1: Completely agree on Pandora and I am really looking forward to the game. It will be a pretty charged atmosphere.
eryba1
January 8, 2014 – 11:32 am
@chrismossey: thanks for offering to host a R.I gathering- one day who knows.
eryba1
January 8, 2014 – 11:34 am
@chrismossey: charges- the new best QB in the league in his sophomore year luck and the hall of famer in Brady at the end of his career. Good weather should help luck more vs be a factor or plus item in new englands column
eryba1
January 8, 2014 – 11:35 am
Nice moves today in CIEN, SNDK 4% rise each is FB creating that Cup and handle and if it does it can RUN a lot higher IMO.
chrismossey
January 8, 2014 – 11:35 am
FWIW – I bought some FFIV at the same time I bought Triquent when Cody recommended it. FFIV is performing pretty well and it has a golden cross in its favor.
chrismossey
January 8, 2014 – 11:36 am
@eryba1: FB is really creating awesome capabilities for small businesses to build their brand with their boost functionality. At the restaurant we are now spending money weekly that we were not a qtr ago.
eryba1
January 8, 2014 – 11:38 am
@chrismossey: and what type of return on your money are you seeing.?? A while back Fb said many seeing 100% like returns on their money.
chrismossey
January 8, 2014 – 11:39 am
I created a Providence College Friars basketball ticket / Pizza promo for tonight and was able to reach nearly 60,000 people in 15 minutes from posting the promo and had great success with it . You can see it on our FB page. I spent $120 dollars on it and I bet we will do $2k tonight from the promo. The return is in the 000’s of %.
eryba1
January 8, 2014 – 11:44 am
@chrismossey: impressive!!! question U say reach 60K people in 15 min- how is that presented. people who like pizza in the R.I area? how are these 60K people? Just wondering out loud.
MikeM
January 8, 2014 – 11:45 am
YELP catching a wave here
eryba1
January 8, 2014 – 11:45 am
@MikeM: – Yelp estimates, target raised at JP Morgan JAN 08, 2014 | 8:25 AM EST Shares of YELP now seen reaching $89, according to JP Morgan. Estimates also increased, as studies show strong local ad coverage and deal demand.
chrismossey
January 8, 2014 – 11:46 am
@eryba1: Yelp rocks as well. Opentable is the must have for all restaurants though.
eryba1
January 8, 2014 – 11:47 am
@chrismossey: I use both and use open table whenever we can. Its too easy and convenient not to use.
chrismossey
January 8, 2014 – 11:50 am
@eryba1: FB Boosts the post to people on their platform who are in the networks of the people that have liked the page. So we have 1600 people who have liked the page we pay the money to boost it through the added people which in our case is 60k or so. This is why it is so important for small businesses to get people to like their page. You enable your business to market and reach in minutes. – This is very powerful for brand recognition.
eryba1
January 8, 2014 – 11:52 am
@chrismossey: nice!! would U do the same for a PATS / colts game as well vs the friars B ball team?
eryba1
January 8, 2014 – 11:54 am
aaple setting up well I believe as its finding support here so far at its 50 day moving avg. very much enjoying the CIEN and SNDK moves and now snga 2% and cree near 1.5% on to of yesterdays near 5%.
eryba1
January 8, 2014 – 11:55 am
even CCC chart is looking solid and its 3.25% gain so far today
slonda
January 8, 2014 – 12:01 pm
@eryba1: Jdsu? seems like powering for up move??
eryba1
January 8, 2014 – 12:02 pm
@slonda: chart looks to say a resounding yes
MikeM
January 8, 2014 – 12:03 pm
@eryba1: Thanks. I saw YELP target raised too at JP Morgan. The Street did short write-up this morning on that with their rating still at sell on YELP.
eryba1
January 8, 2014 – 12:09 pm
This is William Fox, Cody’s Chief Technology Officer. Cody is at the Doctors this morning so we’re going to need to re-schedule the Weekly Q&A to tomorrow at 2pm EST. Please join us at http://tradingwithcody.com/chat tomorrow, July 8th at 2pm and ask Cody anything you like.
Turtle108
January 8, 2014 – 12:43 pm
uuummm, today is Jan 8th- so is the Q&A tomorrow the 9th?
eryba1
January 8, 2014 – 12:44 pm
@Turtle108: yes tomorrow
Turtle108
January 8, 2014 – 12:48 pm
@eryba1: thanks! my bdau and it’s a BIG one!
Turtle108
January 8, 2014 – 12:48 pm
woops- bday
eryba1
January 8, 2014 – 12:56 pm
@Turtle108: 70’s?
or 65?
eryba1
January 8, 2014 – 12:57 pm
either way happy B day and enjoy the day.
Turtle108
January 8, 2014 – 1:07 pm
@eryba1: LOL! not quite- “only” 60- but I’ve been thru a lot in the past couple of yrs and it is meaningful. I always wish this chat room had a way to send private mssgs- thanks for the Happy Bday! and just FYI, you have now officially asked a woman her age!
eryba1
January 8, 2014 – 1:24 pm
@Turtle108: enjoy your birthday whatever age it may be
eryba1
January 8, 2014 – 1:28 pm
once again midday gold is starting to come back now just 1/2 the losses % wise on the gld and gdx. Let see the final 2.5 hours
Olivepetunia
January 8, 2014 – 1:29 pm
@Turtle108: Hold your cursor over one of the names on the left bar – allegedly links to “start a private chat”. Haven’t tried it so don’t know if it works.
Turtle108
January 8, 2014 – 2:07 pm
@eryba1: SLW is my favorite metal stk- it seems to have hit bottom ? , but I have bought it at $2.79 in the past.just like what you are saying, it goes down at the open and eventually , so far, has been closing just about even.
eryba1
January 8, 2014 – 2:10 pm
fed minutes just released. metals down stocks almost unch from before the release. The biggest mover this week will be fridays Job # should be a good one I think as build up for holidays. IMO
eryba1
January 8, 2014 – 2:32 pm
dcranchtrading- whats your question?
dcranchtrading
January 8, 2014 – 2:34 pm
Thinking about some appl calls .. cody mentioned about june 600 calls ?
eryba1
January 8, 2014 – 2:34 pm
@dcranchtrading: I don’t use options. As for apple as a common stock I like it here
ebdavids
January 8, 2014 – 2:35 pm
@eryba1 and @anybody — anyone’s opinion changed re APOL based on their “mixed’ ER? I
eryba1
January 8, 2014 – 2:36 pm
@ebdavids: not shorting apol myself.
ebdavids
January 8, 2014 – 2:36 pm
I’ve been happy to ride on my nice gains in APOL based on Cody’s pessimism — but just saw a good chunk of the gains go away. Is this just a post-ER pop?
eryba1
January 8, 2014 – 2:38 pm
@ebdavids: better earnings and 4X the volume on the upside and complete breakout here on the stocks chart
eryba1
January 8, 2014 – 2:41 pm
for those pandora shorts out there- pandora at CES talking about the entry into cars- http://www.usatoday.com/story/tech/columnist/talkingtech/2014/01/08/ces-pandora-cars/4372817/
ebdavids
January 8, 2014 – 3:03 pm
@chrismossey: tou referenced your website. Care to share?
chrismossey
January 8, 2014 – 3:05 pm
@ebdavids: Facebook page for Providence Coal Fired Pizza. can get there from http://www.providencecoalfire.com
eryba1
January 8, 2014 – 3:06 pm
@ebdavids: http://www.providencecoalfirepizza.com/
ebdavids
January 8, 2014 – 3:08 pm
Thanks. Yeah, the first address didn’t connect.
eryba1
January 8, 2014 – 3:15 pm
here we go 45 min left and the GLD is starting its run to UNCH?
rkumar
January 8, 2014 – 3:32 pm
I think its time to be a bit cautious on mkt..
eryba1
January 8, 2014 – 3:48 pm
@rkumar: I am wondering what are your reasons for this POV?
