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Talking stocks, trading, and investing in general - Page 544

post #8146 of 11163
Quote:
Originally Posted by GreenFrog View Post

Have you ever been to Austin? Or Torchy's Tacos for that matter? They have bomb breakfast burritos (migas) and that combined with their Diablo sauce is to fucking die for... drool.gif

mmmm Torchy's.
post #8147 of 11163
Quote:
Originally Posted by jbarwick View Post

Earnings season is shaping up to be a blood bath.  A pre-release in our sector tanked everyone 10% after hours.  A lot of company quarter-over-quarter stats are not looking good.

Which one? Retail?
post #8148 of 11163
NFLX. Don't get run over by retail stampede on this beautiful but distant black swan
post #8149 of 11163
Quote:
Originally Posted by brokencycle View Post

mmmm Torchy's.

Overrated!!
post #8150 of 11163
Quote:
Originally Posted by chogall View Post


Which one? Retail?


Surpsingly not retail but a segment of healthcare.  The largest company by market cap released and they are in better markets so I would assume that doesn't bode well for the rest of us.  My understanding though is 3rd quarter is usually low for everyone, they just missed estimates in some cases but surpassed in others.  I have an idea what everyone freaked out about but I will see it today in some of the analyst reports on this release.

post #8151 of 11163
So.... VRX anyone?
post #8152 of 11163
Quote:
Originally Posted by Master-Classter View Post

I just don't get NFLX. I mean today it dropped from 110/111 to 108 at one point, closed out the day at 110 or so, bam 'bad' news, dropped to like 97, then spent the next hour coming right back up to about 108, as in a 1-2% drop overall and done. I mean that's not really a sign of a 'bad' report. So was all this heavy sell off computer type stuff, like orders to sell that kept going with less liquidity, or short sellers, or what?
(and it's sooo hard not to focus on what could have been. I bought at 96-98 and sold 103 but if I'd waited an hour later I would have doubled the profits, but as they say bulls bears and pigs).
Don't read too much into after hours numbers.

They are extra volatile and not based on fully digested information. Limited volume so someone who wants to sell many shares can cause a big drop.
post #8153 of 11163
Quote:
Originally Posted by Master-Classter View Post

So.... VRX anyone?

just plunged at open ... what are you thinking ?
post #8154 of 11163
I'm thinking I just bought it at under 160, and it will take months to years before anything even potentially legal happens and within a few days this will be forgotten and the actual sales numbers will come in and they'll be fine... then again what do I know. I'm just playing roulette here.
post #8155 of 11163
Quote:
Originally Posted by Master-Classter View Post

I'm thinking I just bought it at under 160, and it will take months to years before anything even potentially legal happens and within a few days this will be forgotten and the actual sales numbers will come in and they'll be fine... then again what do I know. I'm just playing roulette here.

I would say VRX will stay lower for longer than a few days (unless you want to eek out under 5%) due to negative sentiment. Long term questions about its performance will only be clear in the next six months or so.

 

By the end of the quarter VRX will be the biggest position in my portfolio.

post #8156 of 11163
eh bought under 160 premarket, just sold it all at 164, made like $100 in a few minutes. I'm ok with that.
Bought more at 162, sold it at 165.

eh little micro plays but I don't go to casinos I guess. This is my Yoox roulette!
post #8157 of 11163
Quote:
Originally Posted by Master-Classter View Post

eh bought under 160 premarket, just sold it all at 164, made like $100 in a few minutes. I'm ok with that.
Bought more at 162, sold it at 165.

eh little micro plays but I don't go to casinos I guess. This is my Yoox roulette!

I do that sometimes with TDW. A lot of fun.

post #8158 of 11163
I think biotech is very momentum driven and as a result, heavily dependent on sentiment.

Sentiment is in the total shitter for biotech now so I don't expect to see it recover to its past highs. I'd expect it to follow a narrow trading pattern (wider than others given its inherent volatility, but relatively narrow nonetheless).
post #8159 of 11163
Quote:
Originally Posted by GreenFrog View Post

I think biotech is very momentum driven and as a result, heavily dependent on sentiment.

Sentiment is in the total shitter for biotech now so I don't expect to see it recover to its past highs. I'd expect it to follow a narrow trading pattern (wider than others given its inherent volatility, but relatively narrow nonetheless).

I'd agree, but I think sentiment can return rather quickly too.

post #8160 of 11163
Quote:
Originally Posted by MSchapiro View Post

I'd agree, but I think sentiment can return rather quickly too.

Agreed there too. But sentiment has been shit since the whole Clinton tweet BS and hasn't recovered since, despite the sector's several attempts to recover that end up being dead cat bounces.
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