Thursday, October 17, 2013

Indices mixed.....

Indices went into sell the news @ open. Since then we have retraced most of the losses.

 S&P 500 @ 1726.87, high 1729.64...all time high 1729.86

 Internals are positive

 Oil Down $1.75

 Gold UP $39.10

 Canadian $ UP 38 tick @ 97.12

 VIX Down 7.27% @ 13.64

 Portfolio AMCC FNSR JKS MU YHOO FB calls

 Most stocks are UP

 @ 2.02 following are red :

 FNSR YHOO GOOG CLDX LULU TRIP GMCR
TSLA KORS CSIQ AMZN EBAY FFIV 
PCLN GRPN ARUN RVBD LRCX
CIEN PANW SU SPWR C Z
GS RALY YELP MLNX....

 BLOG does NOT give buy or sell.

 Saleem


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11 comments:

  1. Stocks100October 17, 2013 at 11:24 AM

    Hi Stocktrader,

    Sold FB calls @ $1.28....was expiring Friday....

    Saleem

    ReplyDelete
  2. Stocks100October 17, 2013 at 11:40 AM

    Hi Stocktrader,

    Sold AMCC @ $14.27..

    Saleem

    ReplyDelete
  3. Stocks100October 17, 2013 at 11:44 AM

    Hi Stocktrader,

    Sold JKS @ $24.65

    Saleem

    ReplyDelete
  4. stocktrader_1996October 17, 2013 at 12:10 PM

    Hey Saleem,

    Great 2-day gain on that FB call and AMCC and JKS you've played fantastically!

    Your portfolio must really look good recently!

    Stocktrader

    ReplyDelete
  5. stocktrader_1996October 17, 2013 at 12:13 PM

    Hey Saleem,

    Bought TRLA @ 43.488 based on last quarter's conference call which gives me confidence in monetization, and also the fact that taper seems to be pushed back which should improve sentiment towards housing-related stocks (as well as fundamentally increase purchases).

    Bought LCC @ 20.97 based on the government reopening, lower fuel costs, and indications that the merger is more likely to be approved or at least a friendly settlement.

    Stocktrader

    ReplyDelete
  6. Stocks100October 17, 2013 at 12:13 PM

    Hi Stocktrader,

    YES... i have recouped nicely.

    Saleem

    ReplyDelete
  7. Stocks100October 17, 2013 at 12:30 PM

    Hi Stocktrader,

    LCC chart is very tempting....

    Good luck with TRLA....

    Saleem

    ReplyDelete
  8. stocktrader_1996October 17, 2013 at 12:36 PM

    Hey Saleem,

    It is so tempting...so much so that I just bought 150 calls expiring tomorrow in my small trading account--the 21s for .12 and .13. The risk/reward seems very appealing, and could be monstrous if a deal is announced tonight or something (wishful thinking, but adds to the reward part of the equation).

    Stocktrader

    ReplyDelete
  9. Stocks100October 17, 2013 at 1:32 PM

    Hi Stocktrader,

    Which stock option you have bought?

    I sold FNSR @ $24.22....

    Left with MU & YHOO...

    Saleem

    ReplyDelete
  10. stocktrader_1996October 17, 2013 at 1:46 PM

    Hey Saleem,

    The Oct 21 calls for LCC.

    I was on a bit of an option streak in my short-term trading account today. I also bought 400 FCX Oct 35 calls near open for 0.03 (approximately the time I bought FCX for the retirement portfolio). I probably should have sold half at close given the move up to 0.08, but good Chinese data and more thoughts about taper delay might really give it a morning boost.

    Both these options are small enough to try shooting for the moon, even though there's a high chance I'll lose on both.

    Interesting you decide to shake up the whole portfolio as we hit new yearly highs today. What's the plan?

    Stocktrader

    ReplyDelete
  11. Stocks100October 17, 2013 at 2:08 PM

    Hi Stocktrader,

    I had TWO plan in mind......

    First to book profit....

    Second to regroup for tomorrow...

    Saleem

    ReplyDelete