Talking stocks, trading, and investing in general

[NameBack]



phew that short position paid off. I shorted another 2k shares in AH. I was 90% sure the market would be down and jpm would miss earnings, but 10% afraid i'd wake up with huge losses

yeah, I woke up quite happy to be short as well, though a little peeved that my short UPRO position closed out yesterday. I should have set the limit higher.

 

[melwoesblvd]

not that anyone cares but a month ago i was down 50% and have come back 30% with BAC alone. bought at 5.03 sold half at 6.53 a few days ago and the rest at 6.77 the other day. saw it touch 7 and was a little peeved but glad to have made some recovery money and see it go below 6.50 today before closing at 6.6 or whatever. i will prob get in again early next week. do you guys think JPM was the strongest of the banks and all the others are obviously doomed to miss earnings and guide downwards or will the opposite be true?

 

[CYstyle]



not that anyone cares but a month ago i was down 50% and have come back 30% with BAC alone. bought at 5.03 sold half at 6.53 a few days ago and the rest at 6.77 the other day. saw it touch 7 and was a little peeved but glad to have made some recovery money and see it go below 6.50 today before closing at 6.6 or whatever. i will prob get in again early next week. do you guys think JPM was the strongest of the banks and all the others are obviously doomed to miss earnings and guide downwards or will the opposite be true?

Hard to say. WFC has never been big in the Investment banking game, so it's possible WFC may meet/beat earnings. Analysts have revised their earnings downward so it's a pretty low bar. BAC might miss, Merill has been holding up BAC with relatively strong earnings prior, so with this dismal 4th quarter it's hard to imagine BAC beating.

 

[Slopho]



not that anyone cares but a month ago i was down 50% and have come back 30% with BAC alone. bought at 5.03 sold half at 6.53 a few days ago and the rest at 6.77 the other day. saw it touch 7 and was a little peeved but glad to have made some recovery money and see it go below 6.50 today before closing at 6.6 or whatever. i will prob get in again early next week. do you guys think JPM was the strongest of the banks and all the others are obviously doomed to miss earnings and guide downwards or will the opposite be true?

I don't even think fundamentals matter right now, this market is trading on optimism.

 

[GreenFrog]

bets on tomorrow's open: -2%? -1.5?

 

[NameBack]



bets on tomorrow's open: -2%? -1.5?

futures are up 0.4% whatever that counts for

Algo is long @ open tomorrow, for those keeping track

 

[GreenFrog]

really? interesting. with france getting downgraded i can see the financial stocks getting hammered.

edit: i've had high optimism for 2012.. but if europe spirals out of control

 

[NameBack]



bets on tomorrow's open: -2%? -1.5?

really? interesting. with france getting downgraded i can see the financial stocks getting hammered.

I think we got most of that out on Friday. EFSF downgrade could hurt, but I think it's pretty much priced in.

 

[GreenFrog]

how can it be priced in? the downgrade happened over the weekend, as far as I'm aware. sure, there was speculation before that, but even the speculation started gaining momentum after the market close on friday.

 

[NameBack]



how can it be priced in? the downgrade happened over the weekend, as far as I'm aware. sure, there was speculation before that, but even the speculation started gaining momentum after the market close on friday.

French finmin confirmed it during trading hours Friday. It pretty much hit on Friday, I'd say.

 

[GreenFrog]

i dunno man.. im expecting deep red tomorrow.

 

[NameBack]



i dunno man.. im expecting deep red tomorrow.

Well, regardless of where it opens I just hope it trends upward from open to close.

 

[Slopho]



really? interesting. with france getting downgraded i can see the financial stocks getting hammered.
edit: i've had high optimism for 2012.. but if europe spirals out of control

I think most of the rating agencies lost credibility a long time ago. Nobody cares if you get downgraded any more,

 

[idfnl]

Ate **** on C earnings - what a terd, bought it before the reverse split

ACTC news, wondering if this means anything

http://www.google.com/url?sa=t&rct=...sf2qAw&usg=AFQjCNFZ735opYwggIQR43FvxHP9tqKRMw

Did a buy write on WY but set the price too low, its already jumped above my 20$ strike and the call has to run until Feb 18. Wondering if I should buy to close the contract and write a new one at a higher strike. Already up 6% on the position in a week and want to protect the profit.

 

[Saltricks]



Ate **** on C earnings - what a terd, bought it before the reverse split

ACTC news, wondering if this means anything

http://www.google.com/url?sa=t&rct=...sf2qAw&usg=AFQjCNFZ735opYwggIQR43FvxHP9tqKRMw

Small news. I've been to Will's Eye Institute before as a stop on a health care sales conference, it is a really legit place. The fact that they would approve stem cell research there is promising, but it's not like ACTC would choose any random clinic to perform their test. Good for a nice boost, but not anything I would call substantial.