A couple I like right now...

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Their reports never seem to come quietly. Big gaps one way or the other. I won this gamble. I can breathe again. :sick:
 
tsptalk said:
... as a hedge I bought some Google today near $552 - just before they report 3rd qtr earnings after the close today.

It's a gamble but they are down 12% from the summer highs and they love to gap after earnings (but which way?). I think we could see a move to $575 to $600 after hours and the coming days. That's almost exactly what they did after the 2nd quarter earnings released.
Click to expand...
Because of the 3-day settlement rule in my IRA, I had to wait until today to sell Google at $582+. Without that rule, I would have been able to let it go in the high 590's / low 600's on Friday. Oh well. I knew I'd have to wait the 3 days, it was a 5.4% gain, and I shouldnt complain.

It was a trade and if I held I think Google could hit $650-$700 by the end of the year. I want to see if it tries to fill its gap first near $560.
 
Nice trade! I'm planning on doing the same with AAPL after it reports earnings today :). I bought it @ $367 about a month ago. If it misses expectations I'll probably hang on and ride it back up, but I don't think that'll happen. Shooting for a $440 sell target tomorrow!
 
Thanks. I was thinking about doing it for AAPL, but I don't like the chart right now. It's already run up $75 into earnings, it's down today on an up day for the market, and there are 2 big gaps below on the chart. I think I would rather buy a dip if the gaps get filled around $390.

Nice trade so far, but I'd probably take the profits before today's close. But don't listen to me - I can be a good contrarian indicator. :)
 
Big miss for Apple. I hope you sold before the close. :sick:

Moving wildly in first few minutes here (saw $390 for a second, back closer to $400 now).
 
tsptalk said:
I am in FAZ right now looking for financial stocks to pull back from here, but as a hedge I bought some Google today near $552 - just before they report 3rd qtr earnings after the close today.
Click to expand...

Tom, is it just me or is your FAZ getting smaller? :laugh: Just kidding. I actually bought some last Wed. when my TNA dropped and I wanted to unload it Friday but I couldn't because of that 3-day rule also. I just bought an equal amount of FAS to cover it and sold it yesterday and used those funds to buy more FAS also. Nice day today, but I'm still stuck in those second FAS shares for two more days. Depending of tomorrow, I'll probably sell those original FAS purchases from Friday and cover my other shares with an equal purchase of FAZ to basically lock in some gains rather I get a signal change or not. Ain't trading fun!! :)

I hope you were able to unload your FAZ yesterday or this morning maybe?
 
FAZ is shrinking but like you, I have been playing all kinds of games in my account to get around the 3 day settlement. I owned TNZ and FAZ and couldn't sell either (I was able to sell 1/2 my FAZ since I bought in increments) but I had cash so I bought up a bunch of TNA the other day to offset.

As I mentioned, I sold Google this morning and that left me more short than long so I had some losses today. I decided to buy a little more FAZ near the close with the GOOG proceeds so I go into tomorrow even more short than long.

I had a huge month or so and I am doing a lot more hedging to hold onto the gains since I have a habit of having big losses right after big gains.

I just checked and I have made 12 trades in the last 7 days in one of my IRA accounts. :rolleyes:
 
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I love it. Wish I could trade more at times.

By the way (for the record), I meant to say I bought TZA (not FAZ) near the close. I had FAZ on the brain. :) Either way - going into tomorrow a little too short...

About 75% short, 25% long
 
I noticed LVLT just joined NYSE and did a 1 for 15 reverse stock split. Now, instead of a price of less than $1.70 a share, it is at $24 a share. When something like this happens, is it just business as usual with the stock continuing to move up and down at the same basic percentages? It has been a pretty volatile stock, with moves of just a few cents up or down magnified by the low price of the shares. I think this is why Tom liked to trade it. Will it continue this type of volatility, or will the greater share price theoretically lead to more stability? I ask because I am holding a couple hundred $s of it at the moment.;)
 
I see that it is up almost 5% today so I think we got the answer. :) It's a mover, but we could see smaller traders move away from it making it a little less volatile.

The reverse split made its all-time high about $1950.00. :laugh:
 
Wayne Rogers recommended NFLX this past weekend saying the stock has come down too much. It's down $43 today, or -36%. :eek:

Ouch!
 
Well, PEIX is getting interesting again. Small gap above around $13.20. Short term upside target? Will it see $24 again, as it did in September? Or will it fill the big old gap down below?

PEIX 2015_03_05.png

I still have my $600 investment at $4.XX/share on the table. Missed the opportunity to sell for a big gain last fall. Maybe this will be my chance to cash in. What say you JPCavin and Alevin? :smile:
 
Sensei
Good luck to you. Looks like you doubled up already and may gain some more. Thanks for look n out, I will hv to take a look at it.thanks john
 
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