Bulls on Parade
CTSH: That was easy.
RTP: Getting ripe
MA: I got a call from Mastercard last night. Instead of making my minimum payment, a supervisor got on the phone and begged me to buy this dip this morning. I agreed, but only after we negotiated that the "over the limit" fee was waived.
Recommendation: I don't really have a Mastercard account. Grandma bought up all my debts a long time ago (Rounders).
Long: Stocks and diversification
Short: Spreads
JK, I was looking at MA's chart last night and wishing I had capital... Some other day. Some other day...
Posted by Logan | 7/12/2007 12:21:00 PM
John,
If it breaks down tomorrow you can have some of mine.
Posted by Option Addict | 7/12/2007 12:27:00 PM
Jeff,
As long as your doling it out, I could use some extra $$ while your at it..
Posted by Raimo | 7/12/2007 12:29:00 PM
Ugh, missed the CTSH due to just not acting on my alert. Nice jump though, good pick. Looking for the pull back now that it is over extended... but that may not happen for a while.
Ryan from SF
aka "The no-action alerter"
Posted by Anonymous | 7/12/2007 12:29:00 PM
AMG at a nice entry point..
Posted by Raimo | 7/12/2007 12:34:00 PM
Ryan in SF...
It's been awhile.
Raimo, if you are looking for US dollars, I will sell you them all day long.
Posted by Option Addict | 7/12/2007 12:35:00 PM
JK,
You are alright! A Team player to the core!
Posted by Logan | 7/12/2007 12:37:00 PM
Haha.. grandma...
Posted by Anonymous | 7/12/2007 12:37:00 PM
The thing is, if you can't spot the sucker at the table in the first 30 minutes .... then you are the sucker.
I love that movie.
Joel R.
Posted by Anonymous | 7/12/2007 12:40:00 PM
Your a real sweetheart Jeff. Will your take .50 cents on the dollar, LOL...
Posted by Raimo | 7/12/2007 12:40:00 PM
I hope some of you took my REDF reccomendation a while back....
Posted by Raimo | 7/12/2007 12:42:00 PM
Jeff, jumped on MA this A.M. myself. Hoping it works some magic.
Does the dollar go down everyday ?
Jamie
Posted by Anonymous | 7/12/2007 12:44:00 PM
John,
What happened to work?
Jason
Posted by Anonymous | 7/12/2007 12:48:00 PM
14,000 or bust... something
Posted by Logan | 7/12/2007 12:49:00 PM
Jeff,
Should I be concerned at all about good stocks that aren't participating in today's rally? (JOYG in particular)
Posted by Doji Girl | 7/12/2007 12:50:00 PM
Jason,
Work was a grand illusion that I will be back to real soon. I promise.
Although, the market is "work" too.
John
Posted by Logan | 7/12/2007 12:51:00 PM
Bob R,
I'm with you on your analysis of GS, dude. I've never met anyone who could hit the analytical nail on the head like you do. You'll need Catherine's bag of hammers, though as you seem to have 10 nails out there.
Personally I like to go on my gut feeling on those ones. And my gut says sit back, have a Yeungling, gaze at the bright blue sky, put a steak on the Barbie (que) and think about it. For a long while. I always say "whenever I feel the need to act on something I sit back and let it pass." Nothing beats lethargy like a little procrastination.
Posted by Chris and Catherine | 7/12/2007 12:52:00 PM
Doji Girl,
I am questioning my bullish positions also. Some are only up a few cents...
Amy
Posted by Amy | 7/12/2007 12:57:00 PM
AMAT........nice..
Posted by Raimo | 7/12/2007 12:57:00 PM
C&C - You crack me up. My lethargy kept me out of NMX when it was only up $1.30. Doh!
Joel R.
Posted by Anonymous | 7/12/2007 01:02:00 PM
C2, I have a case of the Yuengling for you....
GBHARCORE, yeah, airplane exits I do have under my belt. My proudest one of course occurred in Bonaire, when my untied shoelaces casued me to tumble down the entire set of exit stairs on that puddle jumper. Jeeeesh, what jerk...
Do have some rapelling though out of choppers..that was cool, did that early 80's at West Point...
Posted by Raimo | 7/12/2007 01:08:00 PM
anyone take LFC as per JK ?? I did, nice..
Posted by Raimo | 7/12/2007 01:09:00 PM
Doji Girl,
My account is down today also, even though I am evenly balanced between calls and puts. I exited JOSB today based on my rules, rats!
Glenn
Posted by Anonymous | 7/12/2007 01:12:00 PM
Where are the POT Sept 75 calls?
Posted by Amy | 7/12/2007 01:17:00 PM
Brett,
How many WM's and Burrittos you eat today buddy? Jeeesh, there are so many bulls running today I can smell them...
What a move.
Posted by Raimo | 7/12/2007 01:19:00 PM
Chris,
Can I use: "Nothing beats lethargy like a little procrastination." That is choice!
Raimo,
Don't look now, but BSC busted through $141.50...so if you're gonna hang, support will be at your friend and mine $145...except that time is eatin' away...
Looks like it's about time to bag COH. Ah well, I always thought their stuff was over priced. My wife said, "...it went up today...and I didn't even go buy one"!
Posted by Chip | 7/12/2007 01:21:00 PM
Brett,
What is your target on CIB? Is 40 too optimistic?
Posted by Doji Girl | 7/12/2007 01:26:00 PM
Jeff,
I have been trying to access your master talk from last night but I only get the recordings of Kelly and Alan. Can you point me in the right direction?
Anu
Posted by Anu | 7/12/2007 01:26:00 PM
Raimo-
That REDF is totally insane! Why didn't I listen to you.
Hard to not get carried away today, but man, what a break out of that channel. A retest tomorrow would be triple digits. Crazy.
Peter V
Posted by Anonymous | 7/12/2007 01:28:00 PM
Chipster....
Yeah, I am watching BSC....GS too. They are weak, like the Ukraine!
BSC will fall. Lower highs and lows buddy...
Don't hit the panic button, not yet..
Posted by Raimo | 7/12/2007 01:32:00 PM
amy,
POT split 3 for 1 at the end of may, so some months you will see just have unusual strike prices based on the split.
MMM, are we finally getting the breakout? I have been patiently waiting for about a month
Posted by Greg H | 7/12/2007 01:32:00 PM
Peter V..
I believe I also mentioned SIFY at the same time...don't look now...
Posted by Raimo | 7/12/2007 01:35:00 PM
Chip,
Anything I say is usually ignored, so use whatever you want... especially if you want to be ignored.
C
It's at a bulletproof entry point today. Although a big spike like this one to bring it back to it's diagonal support worries me a bit... it's at a point where a move over $53 is my exit. But I think the likelyhood is that it's going to head down. Especially if the market takes a bit of a breather after todays jump in the gnosh pit.
Speaking of gnosh pits... The girls and I are taking Catherine to see Micheal Buble in Portland OR in August. We're worried about dressing up too much, cause when we jump into the gnosh pit we might get the sweat of some of the "Gnoshies" on us. Any thoughts? Does anyone know a good hotel to stay at that'd be close to the Theater district?
Anyone?
Posted by Chris and Catherine | 7/12/2007 01:35:00 PM
Flag Pattern Experts...
When planning my exit, do I look at the flag's breakout point or the bottom of the flag?
Thanks,
Amy
Greg, I noticed it split, but there is a "normal" strike price for every other multiple of 5 besides 75. The split may explain it, but it sure seems odd. Is it okay to play the split strike?
Posted by Amy | 7/12/2007 01:36:00 PM
DG - I see you got $40 from the flag breakout. However, back out to a longer term chart and i see the potential for $45-50.
Also, I see today as an EXCELLENT entry to Jeff's daughter's favorite skate-shoe company. HLYS can't seem to get over trendline OR horizontal resistance. Throw in a doji and I'm all in Teddy.
(sticking with the Rounders theme).
Posted by Brett | 7/12/2007 01:37:00 PM
Glad to see GOOG get some buyers here at the end..
Posted by Raimo | 7/12/2007 01:37:00 PM
Same for AAPL too..
Posted by Raimo | 7/12/2007 01:38:00 PM
I don't remember who tossed out the KBR trade a while back but whoever you are, thank you, thank you, thank you. Up 400% so far.
Posted by Mike | 7/12/2007 01:38:00 PM
Brett,
Both ONT and EXM are up 10% today.
Just sayin'....
Posted by Doji Girl | 7/12/2007 01:38:00 PM
Brett,
Let's see if you and I can cause the bottom to fall out of that stock. I am a believer, even if I need to use force.
Also, I meant to address this earlier, but if you missed my Mastertalk presentation last night. It was beyond epic. I even endorsed it on Marketcast to generate some buzz.
All that and I didn;t realize it was my week off. The e-mail complaints have rounded 50, and I feel like a moron.
Long: Rounders
Short: Jeff
Posted by Option Addict | 7/12/2007 01:42:00 PM
Bob R,
ONe day I will come down and take you up on your Yeungling. I'll bring Corona, and we'll have a civilized taste testing free-for-all. Nothing like a little alcohol and guns to liven up a day.
By the way, did you really get into REDF a few days ago? If so you can afford two cases of Yeungling, and a partridge in some Pear (or even a peach) tree. NNNiiiiiiicccceeee call, buddy. May I call you buddy?
Bailed on PAY today, and am getting into C instead. Actually I just bought some WNR (short for "weiner"... and because I bought calls, that makes them "long weiners") instead... Oooops. I need to buy a put. Sort of like buying a vowel from Vana.
Hey is anyone else in CTV today? It's up 100% TODAY!! Does anyone know when earnings are for it? I might just sell it today and use that money to buy my C.
Posted by Chris and Catherine | 7/12/2007 01:44:00 PM
anyone still in LCC for a bearish play. It is sitting at resistance.
Posted by Amy | 7/12/2007 01:45:00 PM
CTRP...breaking flag
Jamie
Posted by Anonymous | 7/12/2007 01:46:00 PM
Jeff, Brett,
Since I feel I owe you guys, I will help on HLYS.
I just bought Aug $40 calls
That should make it plummet...
Hope it helps...
Cheers
Posted by Raimo | 7/12/2007 01:47:00 PM
Clean cups.....is that how you say it DG
Posted by Ladd | 7/12/2007 01:48:00 PM
Raimo,
There's no BSC "Panic Button" on my desk...oh jeez...what do I do now...cr@p...I'll just have to hold! Was planning on it anyway, thanks!
COH has been bagged, I'll watch for a potential later entry...still going up, along with everything else!
Even BNVI is going up today for the first time in 13 days...it's a $0.12 rally baby!!!
Posted by Chip | 7/12/2007 01:50:00 PM
The Angry Trader strikes again. Looks like "The Repentant Years" hasn't been written yet.
Repent and be saved.
No wonder the "shirts" keep hounding you.
Catherine and I are almost out of Mastertalks. After all the money we have spent at IT we are having a hard time forking out another whack of money for MT. Tim, can you hack into it for us? I'll give you twenty bucks and one of Raimo's cases of Yeungling. Oh puleeeeaaazzzeeee?
Posted by Chris and Catherine | 7/12/2007 01:50:00 PM
C2..you are on for the Coors/Yuengling shootout. Come visit me as Stone Mountain Lodge, and let the taste testing begin.
I went long REDF back in June...it has been frustrating me to no end..but now I am happy....like a pig in you know what...
Posted by Raimo | 7/12/2007 01:51:00 PM
I want in on the master talk as well Tim..and later for the Yuengling...that deserves JW BLUE...
Posted by Raimo | 7/12/2007 01:52:00 PM
China rocks, if you haven't noticed.
Let me present CN for your trading pleasure.
Posted by Brett | 7/12/2007 01:59:00 PM
Dow up 285!!!
Only this market could panic higher.
Only I would run enough searches to start the week off 3:1 on bearish/bullish ideas. Diversify...diversify...diversify.
Hope everyone is long in my Water Transportation department or looking to buy some dips in the refiners.
Also...
Amy, great question on flags... I use the breakout point and draw that line horizontally to classify a flag breakdown.
Posted by Option Addict | 7/12/2007 02:08:00 PM
Anybody have FLML puts? Think I might have made a boo-boo. Exit was supposed to be on a close above 24, which it just sneaked over the last half hour- missed it. Increasing volume on the upside, decreasing on the downside. On top of that, I bought July 30s, but it was almost all intrinsic value.
Peter V
Posted by Anonymous | 7/12/2007 02:09:00 PM
I just ran across this article on APPL and a potential drag on the stock. Maybe something to keep in mind when looking to buy an iPhone or maybe even be long APPL.
http://redtape.msnbc.com/2007/07/why-was-iphones.html#posts
Scoot
Posted by Anonymous | 7/12/2007 02:36:00 PM
I read the article and, while I see the points, I don't think it's a big deal. I have an iPhone, I've never had a more impressive device, and I don't think replacing the battery every 2 years is a huge deal. When you buy a Motorola Q, the battery is so crappy you need to immediately buy an extended battery for over $40. I know, I had to do it. I also had to do the same with the Treo.
Plus, by the time the battery goes dead on the iPhone, you won't want to replace the battery, you're going to go get the newest iPhone, which will be 16 GB of space and do many cooler things than this one. Let the guy who buys your iPhone for 75% of your original purchase price on eBay worry about replacing the battery. These things have such an amazing aftermarket value it's ridiculous.
Posted by Brett | 7/12/2007 06:35:00 PM