The Official Trading Thread

davidne said:
Looks like this trade worked out pretty well for you, GOOG @ 896 at close. Did you end up letting these expire or close them out earlier?

Opened a GRPN Aug 13 9 Call @ .69 on Friday, trading was pretty slow during the day as predicted but held onto the price level set two days earlier and hourly chart is showing that it's ready for another move. AMZN trading was also pretty slow, after opening up 3 points down it caught up and ended at 305. Have a mental stop loss at 309.5 (new high) just in case.

Also considering a long IBM calendar spread for this week. Earnings were within estimates and picking up some Oct calls looks pretty good after the volatility drop. Never traded IBM before so I don't know if it will be worth it, will post the details if it happens.
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Groupon went up 0.68% today but it looks like the $9 strike in Aug 13 went down 4.41% in value today. An immediate resistance you will be facing is the $9.00 level, right now GRPN is at $8.90.

Yahoo got hit pretty hard today. Fall over 4%. Back down to $27.86. Looks like it simply couldn't break that $30 level, and is selling off at this point.

Amazon had an ugly candle today. Gaped up to about $309.40, and then instantly sold off to a $303.48 close. 2% reversal intraday..

Moving onto Google..low and behold, it continues to rally to completely remove all the losses that the miss in earnings caused. That is fucking crazy. I would think that a stock that has rallied 50% in the last 365 days, and is sitting 2-3% from its ATH, would sell off a bit after a bad earnings quarter..well that does not seem to be the case just yet.

Google was relentless all day, and simply kept moving up. It did not even have to test the closing price from Friday, that is how much upside juice there was. It locked in a +14.102 +1.57% for the day. $910.70 finish with a $912.67 high. AND yes...I am still holding onto my bearish Google positions and I am still bearish on Google. Right now all we have is a gap fill, which happens quite often. A move down from here is likely to happen but if we break today's high tomorrow...then Google might be on track to get its ass back to $920's...

Remember guys, tomorrow after market close we hear from Apple on their earnings quarter. I am very interested to see what will come out of it, and I know it will open many opportunities to make money. If we do miss on Apple, it is likely to bring down all the other techs including Google, so it would in some form help out my Google puts. We will have to see.

Just take a look at S&P since June 24th:

ObpdlMW.png


Quite the rally if I do say so myself.. up 12 days out of the last 13.
This is with all the major earning misses such as Google, MacDonald, Microsoft, IBM, Netflix..and more. Throw in the fact that Exiting Home Sales today came in at a 1% drop..the markets simply do not care. Up it wants to go.
 


Covering Apple's earnings today:

The Good:
$35.5b in sales versus $35.01b street estimates
$7.47 EPS versus $7.32 EPS street estimates
Sold 31.20m iPhones past quarter versus 25.5m street estimates

Neutral:
4th quarter sale estimates by Apple are at $34-$37b versus $37.1b street estimates.
4th quarter gross margin estimates by Apple are at 36-37% versus 36.90% street estimates.

The Bad:
Gross margins dropped to 36.90% from 42.90%. The street was expecting this.
Sold 14.6m iPads past quarter versus 17.8m street estimates.

--
Apple closes after market trading at $435.21 +$16.22 +3.87%
 
Haven't updated this thread in a while. The Google short I called a week ago was right on schedule. From Wednesday to Friday..all Google saw was downside. Finishing much lower than it opened for the week... Opened at about $898, had a high of $913 on Tues, low of $882 on Friday with a close at $895. Google remains a fucking short unless it gets over $900. If it drops below $880, short this shit down to the grave even more.

Apple held and closed above $440 on Friday. I like it. I am currently bullish on Apple.

Facebook reported remarkable earnings, and it pushed the stock up 30%. I am currently bullish on Facebook.

Amazon reporting a loss for the quarter versus a gain as the street estimated..but this crap reversed nearly 5% intraday and finished up over 2% for the day at $312. I shorted it at $310. I am least confident with this trade..but it is a two week position.

I remain to be holding puts on SPY for the coming week.
 
Invested big into Sony (SNE) when it was trading around $11. Very tempting to hold until Xmas, but I might pull the trigger and sell after their Earnings on Aug. 1

Tough call since Dan Loeb is involved. Looks like he's just getting started, and this is turning into another Yahoo situation. Tough call.

Sony, Japan’s biggest smartphone maker, may boost full-year profit 28 percent to 55 billion yen, according to the average of 16 analyst estimates. The Tokyo-based company will report first-quarter earnings on Aug. 1.
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Japan Inc. Cashes in on Abenomics as Toyota Profit to Rise - Bloomberg
 
Great day today. The picks I made last week were spot on today. Always great when all your calls are making money, and all your puts are making money on the same day. Lets me know that I did a good job in analyzes each entry.

Across the board, I picked up $10,814 in gains today. I have also listed all the positions in my portfolios just incase some of you here believe I only cherry pick the winning trades out of my portfolio.

gp5i3oA.png


I also listed all these entries last week. Not necessarily on WickedFire though, but I did on StockTwits and on another forum.
 
tavin said:
Invested big into Sony (SNE) when it was trading around $11. Very tempting to hold until Xmas, but I might pull the trigger and sell after their Earnings on Aug. 1

Tough call since Dan Loeb is involved. Looks like he's just getting started, and this is turning into another Yahoo situation. Tough call.



Japan Inc. Cashes in on Abenomics as Toyota Profit to Rise - Bloomberg
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Ah Sony, that gives me good memories. My first ever trade was with Sony. I opened actual shares, not options. This was back when it was trading at about $18, so early 2012. Ended up selling soon after when it dropped to $16. Since you got in $11, I am guessing you jumped in late 2012? Not looking at the charts right now, but I believe if my memory serves me right, it was trading in that range in Q4 2012. Right?

Btw, if you are looking for an exit now, then sell before earnings. At the very list, close half of your positions. You do not want a single ER to erase a good bit of gains on such a long term play.
 
I jumped in early August 2012. One of the reasons im holding until after their earnings report is so my gains are taxed as long term (one year)

I like to value buy and hold for a year +

I dont have the stones to option trade, im not an expert in option trading.

Uniformed decisions scare the hell out of me.
 
Strong today. Have you guys been following Facebook's move? We are about 40c away from the IPO price of $38! The stock is up 40% over the last week...quite ridiculous. It is responsible for some decent gains for the last two days.

Results for today:

oUTn32C.png
 
S&P broke 1700 today! Big day. Congrats to the investors out there. S&P is up 19.68% for YTD. Very impressive year so far. The week has been complete for me as well. I did take a $900 loss yesterday, but I had a $3,400 gain today. I am a bit above $20,00 gain for the week. If anyone wants screenshots of how the positions looked like yesterday and/or today, I can post them up.

By the way..great move by Facebook but a lot of struggle at the $38 level.
 
Great week. Apple was definitely my main profit driver for the week.
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Later this weekend I will review possible plays for the coming week. I really like long Facebook at this level.
 
Video covering the last day this past week + possible plays for this coming week:

[ame="http://www.youtube.com/watch?v=fToMSp5m26w"]Closing week Aug 2: $25,115.50 week gain // Possible TSLA play. - YouTube[/ame]http://youtu.be/fToMSp5m26w
 
Video for today:

[ame=http://www.youtube.com/watch?v=dSnA-BCvYfc]August 5: +$5,135.00 gain // Apple breaks downtrend! - YouTube[/ame]
 
Those are some impressive figures, congrats. If you don't mind me asking, where did you learn, and what size account did you start with? Thanks.
 
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