Indices made lower lows again BUT trying hard to come back.
S&P 500 @ 1753.17, low 1737.92, high 1755.79
Internals are negative
Oil UP 24 cents
Gold UP $5.60
Canadian $ UP 17 tick @ 89.36
VIX UP .47% @ 19.20
In my portfolio :
Sold EXTR @ $5.86
Bought TWTR @ $66.41
Portfolio JKS KOG MU TWTR
TWTR reports AH, expectations are :
Q4 Sales $217.82 million, EPS loss of 2 cents
Guidance expected Q1 Sales $215.23 million, EPS loss of 3 cents
There is a huge short position which could trigger major move......direction we have to wait AH.
Most stocks are down
@ 2.15 following are green :
MU SWKS OTEX BBRY LNKD M NFLX
MS KORS AAPL GOOG TSL SU CMG
EBAY V YNDX GMCR LRCX SNDK
C SPLK MCD STLD SLW AEM
JCP SPWR Z MLNX.....
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hey Saleem,
I've been chasing YELP down the last half hour trying to get a good sell price.
I think the risk/reward is shifted against the company since the consensus is completely thinking this quarter will be great given their very nice last quarter and FB's outstanding earnings. I don't think there's much short interest at all.
I will get out no matter what price by close.
Stocktrader
Hey Saleem,
Sold YELP @ 74.97.
Just my luck it'll report the greatest quarter of all time now.
Stocktrader
Hey Saleem,
I wonder if SODA is a buy down 20% here based on the KO/GMCR partnership/stake purchase. Surely PEP needs a partner now?
Stocktrader
Hi Stocktrader,
SODA fundamental is challenged big time.......not an idea to make money.....because GMCR is getting in their business?
Saleem
Hey Saleem,
Agreed. I bought some in my trading account at 31.10 but already sold it (31.83). Although PEP might come in, they might also not, so it's really a gamble.
Stocktrader
Hey Saleem,
Add another earnings miscue to my quarter...YELP looking great. I've been watching the after hours action the whole time--it must be the slowest action ever for a YELP earnings report but keeps crawling higher.
Stocktrader
Hi Stocktrader,
I have 2 out of 2 miss in 1 trading day???
Saleem
Hey Saleem,
If GMCR can tack on $7B in market cap from a 10% share purchase from KO, I think SODA does really look interesting at $750M total with a cold line fully developed and in distribution for years. I can't wait to see what the 55% short float in SODA decides to do tomorrow--GMCR up 55%+ is an eye-opener.
Stocktrader
Hey Saleem,
Yes, we are all feeling it. It has been tough this earnings season. At least AAL did well and has continued.
Stocktrader
Hi Stocktrader,
18% slump in 2 stocks in 1 day is extremely discouraging.....?
I do not recall ever having a hit like this in all my trading years????
Good luck with SODA......
Saleem
Hey Saleem,
I decided to buy some SODA shares in my trading account again (avg 32.60) and will be holding those overnight. I think the sentiment could fully shift to positive even before the market opens, especially when it trades in Israel also.
Sorry I'm talking about this so much, but I think it's a fascinating speculation right now given the absolutely insane action in GMCR.
Stocktrader
Hi Stocktrader,
SODA definitely is washed out @ new 52 wk low.....when i checked it was down only $2+...you are already ahead..bid is $33.40.....
Saleem
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