Stock Market Today : July 9th - 13th - Page 2

Quote:

Originally Posted by rando 


SPY and DIA in particular showing no life in the volume department. Across the board, indexes weak. Spot checking some bigger equity names, there is action.

Yeah some names have some good volume. My FB does 

But overall it's pretty low today.

TLT making another move..I bet this thing wants to test that 06/01/12  the bottom of that candle is $128.45 and the top is $130.37 with 23 million shares and you know those high volume highs like to get tested..

Took a short position just based on the action in $TLT now $128.15 wow and AA earnings will probably stink after the close,,

Quote:

Originally Posted by Davecash77 

... and AA earnings will probably stink after the close,,

I'm thinking the opposite. Everyone is bearish on AA earnings which leaves much more upside potential than downside.

There is the break a new low on the ES and we closed the last 30 min candle below 1342.25 we should go lower from here

Looking to go long JPM and RIMM. Usually i don't like to pick individual stocks, but I have any guesses where the overall market is going. Looks like these two giants have been hit so hard that the downside is limited and there could be some surprises. RIMM can get buyout offers, JPM has earnings Thursday I believe.

I think RIMM has enough patents from being so early to the smart phone game that even Apple would want to buy them. Trading at only 4B market cap, seems pretty cheap insurance to guarantee ownership of a treasure trove of early patents.

Quote:

Originally Posted by webChris 

 

I'm thinking the opposite. Everyone is bearish on AA earnings which leaves much more upside potential than downside.

Not all... i voted on marcus's poll that AA may suprise and lead us up.

Never write off uncle sam...

Anyone who wants a bigger beta play on aluminum for Alcoa earnings can look at CENX. That thing moves like 5% on a daily basis without any news haha. Could get a nice 10% move after alcoa earnings without as much premium baked in? I never compared, but i'm guessing there are no free lunches on wallstreet.

In RIMM july $7/$8 call spread for $62. If it holds here in expiration in two weeks, that will be worth $88 [$7.88 current underlying pps], a 40% return in two weeks.

RIMM's 52 week low is 7.14 so that could rip my face off if we went down there, 75% loss

Fingers crossed!

Quote:

Originally Posted by webChris 

 

I'm thinking the opposite. Everyone is bearish on AA earnings which leaves much more upside potential than downside.

Well AA has a habit for missing lol

Hi guys

Im not by the computer today, but I see AAPL is still holding  the $600 level.

When I dont have time to check whats happening with the markets, I just check AAPL

Above $600? Yep, everything is fine today. lol

Wait, I take that back.

Only sectors in the green are Gold and Healthcare, its not so pretty today.

patience :)

In AA calls.. not many just a lotto. Convinced that earnings will blow everyone away and lead the markets up.. 1380 test by end of week.

I banged my head yesterday so not my usual self ..

Quote:

Originally Posted by OldFart 


Never imagined you as a "head banger" lol

Actually probably more of a head polisher...

I'd like to gamble, but I usually end up on the losing side of earning gambles (unless it's AAPL). lol. I would get the puts though, I don't think it'll beat.

AA usually doesn't move much on earnings.. most likely a theta burn play imo.. i wouldn't play it period. risk:reward not worth it

Quote:

Originally Posted by buy4hi 

In AA calls.. not many just a lotto. Convinced that earnings will blow everyone away and lead the markets up.. 1380 test by end of week.

 

I banged my head yesterday so not my usual self ..