Thursday, October 11, 2012
10/11/12 Gimme Shelter
It's just a matter of time before the next buying opportunity sweeps in.
Closed EZU early this morning for a +1.8% gain. Closed AA later in the day for a +1.6% gain. LINE was a rush with the first trade netting a small gain (I side-stepped the bad trip down to 39.15 with the second trade due to distractions at work, and ended up exiting with just a small loss). I'm thankful RYEUX closed +1.01%> watching the ugly close had me a little worried.
Now +16.1% YTD.
Subscribe to:
Post Comments (Atom)
love that song. you guys probably have me beat but i only saw the stones once and it was at Foxboro Stadium in what i believe was the first ever concert there...about 10 years ago i think.
ReplyDeletehttp://www.reuters.com/article/2012/10/11/linnco-ipo-idUSL3E8LA5CB20121011?feedType=RSS&feedName=industrialsSector&rpc=43
ReplyDeleteRe LINE> Can someone explain to me what the above means?
Very interesting. They are saying it relieves investor's tax reporting burdens, which it does but at a cost. Follow the money. I'm wondering if it is just a legal way to open them up to other forms of capital that they don't have access to as an LLC?
Deleteforgot the link that was posted today
Deletehttp://files.shareholder.com/downloads/LINE/2114654621x0x605006/8289D0B0-4288-4E3B-8AE3-44B0BB4000DF/LinnCo_Overview.pdf
Is it me, or is Jack Welch turning into Terry Bradshaw?
ReplyDeletehttp://finance.yahoo.com/blogs/daily-ticker/jack-welch-defends-controversial-jobs-tweet-again-135457895.html
16.4% is a good year considering your low level of risk being out of the market so much. Hulbert would probably give you a high risk adjusted return. :)
ReplyDeletea fantastic return
DeleteT3D - thanks for the thoughts, i did have a good day but because of my position sizing it's never a home run. I'm pretty happy though.
ReplyDeleteSold my SDS late this morn at 54.26. I had peeps at my desk at the open and couldn't do anything. I really thought this was going to be a DOW +100 type of day. I know the questions on the jobs report didn't help any. Actually, my initial reaction would be to think there is a conspiracy going on but I've been wrong so many times on assuming the worst that I'd rather wait for some evidence of wrong doing first (this would be a new way of thinking for me, new as in the last year compared to the prefious 20 years). For now it's just a bungled release on a number that means a lot to the market.
I bot my short call back on TBT so I'm just left long shares now. i'm still befuddled about these rates and why they are moving around so much.
ReplyDeleteI bot SSO right at the close today at 60.73. One of the things I like about SDS and SSO is that for some reason, I have no problem putting in stops on these guys. I'll probably set my stop somewhere beneath $60 in the morn.
I also bought Jan 35 strike FXI calls today. I wanted to give this position more time to work but unlike SDS and SSO, I do have a problem setting stops on options.
QID - Considering that AAPL is likely to sell off for quite some time and it's such a large portion of NASDAQ, does QID seem like a perfect hedge against a broad sell off?
ReplyDeletewho am i to argue with jessee, i'll be buying MCP tomorrow and selling it for a couple of bucks more. although, maybe i'll wait and sell deep in the money calls against long stock after the run up. I'll do something with MCP, just not sure what it is yet.
ReplyDeleteWhere are you guys getting all this jessee stuff from?
DeleteAgreed MCP could make a good run, what's the fundamental reason, or should I be throwing fundies out the window?
MCP has been setting up for weeks. I'd wait for some vol to come in but i would be on high alert for an outsized move. ANR set up much the same way. i think MCP could run very soon.
DeleteAMD - Cuts forecast, down 9% in AH
ReplyDeletePort, re interest rates, take a look at the chart on page 5 of http://media.swissre.com/documents/sigma4_2012_en.pdf
ReplyDeleteto see how rates have moved in the past - only 3 trend reversals in the last 100 years, so timing the turn is difficult.
News from the zoo. (TZOO)
ReplyDeleteThe panda cub is sickly?
Delete3Q EPS .20 and they are looking to buy a hotel site.
DeleteBiden did a good job IMO, he's smart when it comes to knowing the mechanisms of Middle East.
ReplyDeletere: mcp while chart looks ok ive never trusted the company. and the base pattern could be too short. for those reasons i wont touch it
ReplyDeleteMCP - I feel the same way, something just doesn't sit right with me for some reason...
DeleteI'd rather own PAL or TC, myself. I still think GMO has one more good smackdown coming.
QID @ 28.97
ReplyDeleteQID offed at 29.14
DeleteNATI - Maybe this one can make it to under $20?
ReplyDeleteAAPL - Successful test(so far) of $625 for a second time this week.
ReplyDeleteThe upgrades all seem to damage share price.
DeleteYRCW looks ok today...probably because of the JBHT report. I still think YRCW does a moonshot soon. I'm thinking a move to $15 is possible.
ReplyDeleteBAC @ 9.12
ReplyDeleteWow, no I don't feel so bad selling my ANR at $8.20 yesterday...
ReplyDeleteI am sure, though, ANR will break out to a new high next week...
AGO - Stopped out at $13.90, entered bid at $13.68
ReplyDeleteNice fakeout, huh?
DeleteJBHT and JPM had good earnings right? Are we really going down this road again? People freaking out about earnings and then coming back in a few months after realizing earnings were solid, only to drive stocks back up.
ReplyDeleteApparently so, is this what's happening? If so, then it's just another buying opportunity in WS's money pump.
DeleteAUMN @ 4.41
ReplyDeleteAUMN closed @ 4.43
ReplyDeleteBAC closed (for a minor loss) @ 9.07
Damn, scalping pennies. It's tough out there.
DeleteWhat say you boys? Do they stop the bleeding at the 50 DMA on the SPY? A magic Euro announcement over the weekend that drops the $USD again? A dead cat QQQ bounce on AAPL?
ReplyDeleteCould be forming a mini h&s here if this is the head...but what the f do I know. I haven't placed a trade in months.
DeleteI also have us below the 50 here.
DeleteAAPL going to 50SMA, then load up on QID and see what happens...
DeleteThat's my plan, I'm having a deja-vu from this time last year. My theory involves EOY portfolio re-balancing/rotation.
Shows you how much I know, which due to almost complete ignorance of the internal mechanisms is not enough to make money trading the market.
NSPH - Oh damn, green close!!!!!!!!!!!!
the markets will continue treading water absorbing weakness in AAPL. but it along with the market will eventually head higher. get long YRCW bro!
DeleteAUMN is outperforming GDXJ so far today. The daily chart is flattening out. Looks like it is forming a bottom. So I just purchased 10 more AUMN April $2.50 calls, this time at $2.05.
ReplyDeleteThe COT report has just come out. The net long position of small speculators in silver futures has dropped over the past week from 20K contracts to a more comfortable 17K contracts (this is about the average net long position that was observed during the QE2 run -- the crash in silver in May 2011 happened only after the net long position stayed above 20K contracts for a month). The net long position of small speculators in gold futures has also dropped. Some weak hands have been shaken out of the PM market, and now we have fewer potential sellers and more potential buyers.
ReplyDeleteINTC - I'm calling a bottom here today, just for fun.
ReplyDeleteanother stock i really like for the long term: YOKU. the chinese version of Youtube. I recently read that Youtube is worth around $45 Billion if it was on the open market...i believe it given the valuation of FB (i think youtube is worth more than FB).
ReplyDeleteBidu topped out at a valuation roughly 1/4 of GOOG's valuation. Let's say the top video site on China is worth 1/4 the top one in the US. If that's the case then we're talking $11 Billion right? YOKU is worth around $2.4 Billion.
How about quarterly rev growth:
2011-06 - $31.6 MM USD
2011-09 - $42 MM
2011-12 - $49 MM
2012-03 - $43 MM
2012-06 - $62 MM (98% growth)
Annual rev growth:
2008 - $5.2 MM
2009 - $24.6 MM (+374%)
2010 - $62 MM (+151%)
2011 - $144 MM (+132%)
wow. i was looking at messing around and buying a few GOOG puts that expired today...the $750's. i left for lunch and the stock was at $750.50...the options were at $.50. The stock closed at $744 and the options closed at $5ish. that would have been sweet to capture just some of that.
ReplyDeleteRe Earnings Season, don't forget that last quarter, it got off to a rough start. Average stock was down 5.45% for the first week, but overall earnings season turned out to be good and the market continued in its uptrend.
ReplyDeleteMonday - What's the probability of another down Monday?
ReplyDeleteHave a good weekend everyone, the cool dry Canadian air has returned once again. Already the hickories have turned bright yellow and orange, golden brown oak leaves light as feathers are falling like fresh snow.
Bumper crop of acorns as well, it seems.
Have a good weekend Chickie!!
Deletenew post
ReplyDelete