Stock Thread (54 Viewers)

[fantasycurse42]

http://i.imgur.com/6e3Cygs.png

Here is the 5 day, but go back and look at the daily for the last month... At 2 pm today you see that mean spike up to $42.85. If the chart continues tomorrow should be red (as well as overnight). A little concerned that oil is down in the low $40's, but until this monster bear trend changes, I think I'm going to try and scalp here and there.

Tomorrow is a pretty risky day to play bc of the EIA report at 1030am, Friday is a little tricky too bc of the Baker Hughes rig count report at 1pm.

 

[Dentist]

$62.72 in commissions is a ##### though.

why do you pay that? why does anyone pay that?

Merrill Edge.. 100 free trades a month. If you use more than that you're not even trading, you're gambling

 

[FUBAR]

The Otis/Woz thread makes me want to invest in Weight Watchers. And the stock is ~80% off!

 

[TripItUp]

Gonna let oil slide some more, and then I'm getting in for the longhaul.

 

[skycriesmary]

The WTI intraday chart has been so repetitive for the last month. Every time there is a spike, it'll flatten and then fall back to prespike levels. Basically, any aggressive buying is met with more aggressive selling. I might keep trying to play this one.

I might join you with the free trades I have in my account. You looking to scalp 1% at a time, or so? I haven't looked at the intraday chart your referring to.

The chart is pretty fascinating - The only risk you run is getting stuck in a situation when the trend reverses which happenend to SLB and me. As of now, for the last month on this chart, anytime you see a green spike, it is followed rapidly by a red fall. Wednesdays are tough because the EIA reports cause crazy swings.

Today I got in on DWTI after a big jump in the chart from about $42.35 - $42.80. I jumped in at $42.70 when it looked like the reversal was already being delivered. $163.25 and out at $165.

Then again at $166.50 and out at $167.75.

Last trade of the day I didn't want to lose what was a great day, so I hopped in at $167.46 and out at $167.80, got a little gun shy

Nice. If your wagering 10k at a time, that's not bad side income for a day. Chump change for most FBG's, though, I'm sure.

 

[fantasycurse42]

If the EIA report in 10 minutes is bearish and shows an increase in supplies, I'm hitting DWTI hard for the day.

 

[fantasycurse42]

In at $175.25 DWTI

 

[fantasycurse42]

 

[fantasycurse42]

Think WTI will test $40 before the next EIA report in a week. If the rig count goes up on Friday, look out below.

 

[Brony]

Free gas for everyone!

 

[fantasycurse42]

Added more at $179

 

[Todem]

Free gas for everyone!

Bottom is most certainly coming with talk about $20 oil.

But what a falling knife we have here. And it is affecting many many other sectors of the market. Saudi's sitting back....waiting.

I am waiting as well. This is getting even more uglier than I thought. But at some point....I must go in with both hands on these high quality oil companies

 

[fantasycurse42]

You knew it would be ugly, but wow...

I think oil finds some footing at $40, but I'm skeptical that holds.

US producing more efficiently, rig counts playing catch up from the $60 prices 2 months ago, and OPEC not blinking.

 

[lod01]

Look out below!!!!!!!

 

[fantasycurse42]

Quick little spike, buy some for a scalp at 184.50

 

[fantasycurse42]

Quick little spike, buy some for a scalp at 184.50

& out at $186 5 minutes later.

 

[fantasycurse42]

Another scalp opportunity here. 183.50

$185.33 for another 1 percent 8 minutes later.

 

[NREC34]

Geez take it stocktwits or something

 

[skycriesmary]

Another scalp opportunity here. 183.50

$185.33 for another 1 percent 8 minutes later.

Congrats! You played it well, and had a bit of luck to boot. Those two things don't always come together.

 

[fantasycurse42]

Another scalp opportunity here. 183.50

$185.33 for another 1 percent 8 minutes later.

Congrats! You played it well, and had a bit of luck to boot. Those two things don't always come together.

Still sitting on my purchases from this morning at $175 and $179... Debating if I want to hold through the week.

 

[skycriesmary]

Another scalp opportunity here. 183.50

$185.33 for another 1 percent 8 minutes later.

Congrats! You played it well, and had a bit of luck to boot. Those two things don't always come together.

Still sitting on my purchases from this morning at $175 and $179... Debating if I want to hold through the week.

Cash one in, let the other ride? Set a stop, maybe $183?

 

[culdeus]

My good friend does risk for IBanking in the energy sector. He feeds me lots of info. Says 32 is where there will be an unraveling spreading to other sectors.

He says people are writing credit memos for 5 years of production. That is usually the sign that a monumental collapse is upon us. There are already those looking to do a 10y memo.

They are buying these up like candy at pennies. I asked if I could get in on this, he laughed. Need 500MM to play.

 

[Dentist]

My good friend does risk for IBanking in the energy sector. He feeds me lots of info. Says 32 is where there will be an unraveling spreading to other sectors.

He says people are writing credit memos for 5 years of production. That is usually the sign that a monumental collapse is upon us. There are already those looking to do a 10y memo.

They are buying these up like candy at pennies. I asked if I could get in on this, he laughed. Need 500MM to play.

Wat?

 

[fantasycurse42]

My good friend does risk for IBanking in the energy sector. He feeds me lots of info. Says 32 is where there will be an unraveling spreading to other sectors.

He says people are writing credit memos for 5 years of production. That is usually the sign that a monumental collapse is upon us. There are already those looking to do a 10y memo.

They are buying these up like candy at pennies. I asked if I could get in on this, he laughed. Need 500MM to play.

Feels like the monumental collapse is already happening. Tomm could test $40.

 

[culdeus]

My good friend does risk for IBanking in the energy sector. He feeds me lots of info. Says 32 is where there will be an unraveling spreading to other sectors.

He says people are writing credit memos for 5 years of production. That is usually the sign that a monumental collapse is upon us. There are already those looking to do a 10y memo.

They are buying these up like candy at pennies. I asked if I could get in on this, he laughed. Need 500MM to play.

Wat?

Ok, lets say you have a bunch of oil rigs. And you want to keep them running because, well you have a lot of money in the play. You have a few options right now, none of them good.

Option 1: Come out of your own pocket to pay your people and equipment

Option 2: Sell your production of some duration to an investment banker in exchange for a loan and money up front. (my buddy)

Option 3: Walk away and default on your loans and the original bank comes in and takes over the deal, you go work at walmart and your wife leaves you.

What he's saying is as soon as oil hits 32 you will see lots of operators break covenants that they have no way to come out of without taking step 1, 2, or 3. Not even the big players can hang long in that right now.

So they are offering people looking at Option 2 cash, buying production at pennies on the dollar and taking nearly all the upside for the next 5 years.

 

[FUBAR]

My good friend does risk for IBanking in the energy sector. He feeds me lots of info. Says 32 is where there will be an unraveling spreading to other sectors.

He says people are writing credit memos for 5 years of production. That is usually the sign that a monumental collapse is upon us. There are already those looking to do a 10y memo.

They are buying these up like candy at pennies. I asked if I could get in on this, he laughed. Need 500MM to play.

Wat?

Ok, lets say you have a bunch of oil rigs. And you want to keep them running because, well you have a lot of money in the play. You have a few options right now, none of them good.

Option 1: Come out of your own pocket to pay your people and equipment

Option 2: Sell your production of some duration to an investment banker in exchange for a loan and money up front. (my buddy)

Option 3: Walk away and default on your loans and the original bank comes in and takes over the deal, you go work at walmart and your wife leaves you.

What he's saying is as soon as oil hits 32 you will see lots of operators break covenants that they have no way to come out of without taking step 1, 2, or 3. Not even the big players can hang long in that right now.

So they are offering people looking at Option 2 cash, buying production at pennies on the dollar and taking nearly all the upside for the next 5 years.

sounds great. But how do we get in on that?

 

[culdeus]

My good friend does risk for IBanking in the energy sector. He feeds me lots of info. Says 32 is where there will be an unraveling spreading to other sectors.

He says people are writing credit memos for 5 years of production. That is usually the sign that a monumental collapse is upon us. There are already those looking to do a 10y memo.

They are buying these up like candy at pennies. I asked if I could get in on this, he laughed. Need 500MM to play.

Wat?

Ok, lets say you have a bunch of oil rigs. And you want to keep them running because, well you have a lot of money in the play. You have a few options right now, none of them good.

Option 1: Come out of your own pocket to pay your people and equipment

Option 2: Sell your production of some duration to an investment banker in exchange for a loan and money up front. (my buddy)

Option 3: Walk away and default on your loans and the original bank comes in and takes over the deal, you go work at walmart and your wife leaves you.

What he's saying is as soon as oil hits 32 you will see lots of operators break covenants that they have no way to come out of without taking step 1, 2, or 3. Not even the big players can hang long in that right now.

So they are offering people looking at Option 2 cash, buying production at pennies on the dollar and taking nearly all the upside for the next 5 years.

sounds great. But how do we get in on that?

First, have a lot of money.

 

[cosjobs]

Anyone here daytrade?

I was watching DWTI all day for quick buy and sell opportunities. In and out twice today for an extremely pleasant profit in the matter of 30 minutes. Etrade sucks and the $40 commish isn't friendly, but whatever.

Made a killing on them today, after buying them during a dip yesterday. About 12-13% one day profit (and still rising after hours)

And its my largest position ~25K 28K

 

[St. Louis Bob]

Still holding waiting for a sign to buy more.

 

[fantasycurse42]

Anyone here daytrade?

I was watching DWTI all day for quick buy and sell opportunities. In and out twice today for an extremely pleasant profit in the matter of 30 minutes. Etrade sucks and the $40 commish isn't friendly, but whatever.

Made a killing on them today, after buying them during a dip yesterday. About 12-13% one day profit (and still rising after hours) And its my largest position ~25K 28K

Kicking myself for not selling at close. Tomm obviously a dead cat, could prob buy in cheaper thurs close / fri open.

 

[cosjobs]

My hedge fund for the current bear market

VXX FAZ TZA BIS DWTI EEV MIDZ RUSS SMDD SPXS SQQQ TWM

up 6% this week

 

[fantasycurse42]

Anyone else following oil? Thoughts on breaking $40?

Think there will be a battle there, if it breaks could spell serious danger for black gold.

 

[cosjobs]

Anyone else following oil? Thoughts on breaking $40?

Think there will be a battle there, if it breaks could spell serious danger for black gold.

Flirted with 40.99 a few minutes ago.

With RUSS and DWTI, I keep this ticker going all the time now. Does anyone have a better one?

 

[fantasycurse42]

Anyone else following oil? Thoughts on breaking $40?

Think there will be a battle there, if it breaks could spell serious danger for black gold.

Flirted with 40.99 a few minutes ago.

With RUSS and DWTI, I keep this ticker going all the time now. Does anyone have a better one?

I do too... IDK why the #### it is off by like 40 cents. This happened a few days ago.

 

[fantasycurse42]

I'll also add, I thought the bounce today would be a little more, we'll see.

 

[cosjobs]

Out of SQQQ at 23.69, to lock in a 6% profit today.

Will get back in on a dip (3x inverse nasdaq 100)

 

[culdeus]

At 32 I back up the truck. I'm patient. We will get there.

 

[cosjobs]

At 32 I back up the truck. I'm patient. We will get there.

I think that's the ceiling of the new floor. Would not be surprised at $22

 

[cosjobs]

I'll also add, I thought the bounce today would be a little more, we'll see.

What do you think of RUSS.

Pretty much a 3x oil inverse, but also the Russian economy and commodities temper the swings, esp. the downward ones

 

[tommyGunZ]

AAPL at 112?

Wish I was liquid. I'd load up and check back in 5 years.

 

[cosjobs]

AAPL at 112?

Wish I was liquid. I'd load up and check back in 5 years.

Check back in a couple weeks, it will be on sale.

 

[fantasycurse42]

I'll also add, I thought the bounce today would be a little more, we'll see.

What do you think of RUSS.

Pretty much a 3x oil inverse, but also the Russian economy and commodities temper the swings, esp. the downward ones

Not familiar... Debating daytrading DWTI today... 187 buy and 189 sell range.

 

[John Bender]

Oof.

 

[siffoin]

AAPL at 112?

Wish I was liquid. I'd load up and check back in 5 years.

It was about 2 years ago in the summer of 2013 when you and I spoke directly about the trend of $AAPL flipping from Bear to Bull. Like Winter turns into Spring---Spring into Summer---Summer into Fall and Fall back into Winter.

The natural order.

$AAPL here. I wouldn't say it's a pace to initiate a new position nor would I advocate an add.

 

[cosjobs]

Out of SPSX for 3.5% profit ($380) on the day - will return when better priced

Out of SMDD for 3.4% profit (350) on the day - will not return. Too lighly traded

 

[cosjobs]

I think when oil gets back to 41, rather than sell off DTWI, I'm going to hedge with an UCO position.

Is there a 3x bull oil etf?

 

[fantasycurse42]

UWTI

 

[humpback]

So, I see this is the new gambling thread...

 

[tommyGunZ]

AAPL at 112?

Wish I was liquid. I'd load up and check back in 5 years.

It was about 2 years ago in the summer of 2013 when you and I spoke directly about the trend of $AAPL flipping from Bear to Bull. Like Winter turns into Spring---Spring into Summer---Summer into Fall and Fall back into Winter.The natural order.

$AAPL here. I wouldn't say it's a pace to initiate a new position nor would I advocate an add.

Thx siff & cos.

 

[Bob Sacamano]

AAPL at 112?

Wish I was liquid. I'd load up and check back in 5 years.

It was about 2 years ago in the summer of 2013 when you and I spoke directly about the trend of $AAPL flipping from Bear to Bull. Like Winter turns into Spring---Spring into Summer---Summer into Fall and Fall back into Winter.

The natural order.

$AAPL here. I wouldn't say it's a pace to initiate a new position nor would I advocate an add.

How do you feel about Hold v Sell right now? I'm painfully close to getting stopped out. It would be the second stock in short order that I've sold in the name of "discipline," despite not really wanting to be out of the stock.