The Official Trading Thread
- Thread starter mGrunin
- Start date
Agree, and logging into my FB ads account shows me that the CPC for their mobile ads is higher than ever. Good sign heading into earnings.
I was in IM for 6 years and did very well. The biggest problem with the industry is the constant adaptation. I was beginning to get sick of the whole us vs them mentality. Them being the traffic mediums. Bottom line, looking forward five years, it is impossible to tell if this industry will exist the way it does today.
One thing I know about the markets is that they will be around for 5/20/100 years from this day and they will barely change from the way it is today.
Except that PE levels are reasonable, for example Apple trades at a PE of 9 after excluding cash. In the 90s Cisco traded close to a PE of 120. Companies have a ton of cash and are profitable. Way different then the 90s
Regarding P/E. Facebook's PE is 1,816.67vs 10 PE on Apple.
Sorry, meant the PE of the overall market. It's within the range of its historic average now as compared to the late 90s
I knew what you meant, my post wasn't directed towards your comment. I just wanted to point out how high FB's P/E is.
Fundamentally, it should be.
FB can't tweak itself into greatness, in my opinion.
The GreatGrunin might see some immediate upside, but I wouldn't get so excited about it. That said, I seriously thought FB would be trading around 15-20 by now. FB is faced with a herculean task - to figure out mobile on a giant scale. Last sale is $27.20 - that's a market cap of almost $65 billion, P/E ratio is absurd. I can't get past it and I personally think FB has been forming a trading range that will be tough to escape.
No positions. I'm happier working around trading (sales equity ranking system, I come and go from a broker/dealer as I wish - great place) than actually trading. Trading gives heart attacks to the guys who don't get out - but no one under 30 should even think about, much less worry about that. And trading for myself will lock in a heart attack. Over pennies, no less.
how much $ did you make with AAPL and GOOG?
my trading 'career' was a disaster
big losses on bitcoins, stocks etc
In the five figures the past two days.
I place most of my attention and capital into my short strangle and diagonal spreads which I typically hold for a week's time. The return % is much less but there is less position maintenance and stress is considerably lower.
Every now and then when the opportunity presents itself, I go in with some naked calls/puts.
Closing most of my Apple positions here and half of my Google positions. I don't want to be too heavy overnight. I will once again hold SPX puts overnight. We had all reports except Chicago PMI come in positive this morning, and that wasn't enough to move the markets higher.
Why should I care about the CEO when I'm not counting on innovation or continued growth? I don't need FB to tweak itself into greatness, I need them tweak into an earnings/guidance beat, at which point I'll take my 10-15% return and move on. With the 3% bump today, if it runs up any more before earnings tomorrow I can put in a stop/loss that will have me nicely in the green regardless of what happens tomorrow afternoon.