Stock Thread (44 Viewers)

[Sand]

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.

The hurricane throws yet another big random variable in the mix.

If things keep going like this for a bit I am toying with buying some FCX leaps. The commodities panic here is starting to look overdone.

 

[fantasycurse42]

Oil bulls fought all day for 1 percent and gave it back in the matter of minutes... I'm holding the line on DWTI for now.

 

[George Jefferson Airplane]

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

 

[Capella]

Yikes what a bloodbath.

 

[GoBirds]

Where does Dow need to be to meet the 10% pullback you always hear mentioned.

 

[George Jefferson Airplane]

Where does Dow need to be to meet the 10% pullback you always hear mentioned.

16000 or so

 

[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.

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.

Let's say (hypothetically speaking of course) that $AAPL had broken major support and the next line of support was around $90-$95...what do you want to do then?

It's kind of a personal decision. If you bought it at $60...$90 is probably not a big deal. If you bought it at $130...it's probably a bigger deal.

 

[Bob Sacamano]

It's not going to be a loss regardless. It's a matter of protecting gains.

 

[culdeus]

I know zerohedge gets eyerolls here, but AAPL finally dropped off the top of this list for the first time in, well, ever?

http://www.zerohedge.com/news/2015-08-20/aapl-no-longer-most-important-stock-presenting-top-50-hedge-fund-longs-and-shorts

 

[Don't Noonan]

Where does Dow need to be to meet the 10% pullback you always hear mentioned.

around 16,500

 

[Mario Kart]

China down 3% on the day.

Black Friday coming early this year?

 

[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

Rode these up to 9% and sold off everything except EEV before the end of day.

I could have made 10-12% if held until the end of day, but wanted to lock in profits.

I'll probably reload them all tomorrow during early trading, at the open and 2x throughout the day.

I am convinced the market and oil will correct at least another 3- 5%, and 10-20% would not surprise me (could happen in a few days or take a month). If I am correct, I should be able to make 10-50% . If I start losing, I'll manually stop loss at the 9% I've made, plus 10% more.

 

[cosjobs]

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

Just how are you playing this?

 

[Eminence]

How are you guys not enamored with these triple leveraged funds? I understand you take your blue chips but some of these stocks are so volatile that it's a rollercoaster.

I've got an oil play in. I'm considering buying more. I think eventually we go back to war in the Middle East and this drives oil prices up. I hope.

 

[St. Louis Bob]

I think precious metals are now a buy IMO.

 

[Dentist]

How are you guys not enamored with these triple leveraged funds? I understand you take your blue chips but some of these stocks are so volatile that it's a rollercoaster.

I've got an oil play in. I'm considering buying more. I think eventually we go back to war in the Middle East and this drives oil prices up. I hope.

There is a 2X for oil, UCO that many of us are dumping money on in here.

Is there a 3x oil play i'm not aware of?

 

[shady inc]

How are you guys not enamored with these triple leveraged funds? I understand you take your blue chips but some of these stocks are so volatile that it's a rollercoaster.

I've got an oil play in. I'm considering buying more. I think eventually we go back to war in the Middle East and this drives oil prices up. I hope.

There is a 2X for oil, UCO that many of us are dumping money on in here.

Is there a 3x oil play i'm not aware of?

UWTI is 3x

 

[cosjobs]

On the theory that oil and the market continue south, today's hedge fund:

SQQQ

SPSX

VXX

RUSS

DWTI

TZA

MIDZ

FAZ

EEV

ERY

BIS

 

[GoBirds]

Where does Dow need to be to meet the 10% pullback you always hear mentioned.

around 16,500

With where we are at now I hope we get to that mark so we can stop hearing how we are overdue for it and hopefully see another run.

 

[siffoin]

On the theory that oil and the market continue south, today's hedge fund:

SQQQ

SPSX

VXX

RUSS

DWTI

TZA

MIDZ

FAZ

EEV

ERY

BIS

Just a friendly FYI. But in general day-trading on options expiration day is not worth the effort. This is especially true when the preceding week has had significant moves (2%+). Also is especially true on in these expiration months:

1) Triple Witching Expiration (March, June, Sept, Dec)

2) Summer Months - (June, July, Aug)- due to thin trading vol.

3) Expirations in the months of a national Holiday (MLK- Jan, Presidents Day Feb, Easter- Mar or April, Memorial Day May, 4th of July- July, Labor Day- Sept, Thanksgiving-Nov and Christmas-Dec)

4) Tax Day - April

Sure - "any given Friday", but over time it's a tough day to trade.

 

[Dentist]

How are you guys not enamored with these triple leveraged funds? I understand you take your blue chips but some of these stocks are so volatile that it's a rollercoaster.

I've got an oil play in. I'm considering buying more. I think eventually we go back to war in the Middle East and this drives oil prices up. I hope.

There is a 2X for oil, UCO that many of us are dumping money on in here.

Is there a 3x oil play i'm not aware of?

UWTI is 3x

ahh.. that's a ETN, can't trade that on Merill Edge

 

[shady inc]

Where does Dow need to be to meet the 10% pullback you always hear mentioned.

around 16,500

getting close

 

[St. Louis Bob]

Feels like 1986: Oil on track for longest weekly losing streak in 29 years

Waiting for some kind of floor makes me feel like Luke Skywalker waiting to take the shot at the exhaust port.

 

[Don't Noonan]

Where does Dow need to be to meet the 10% pullback you always hear mentioned.

around 16,500

getting close

S&P still has a ways to go, it needs to get to 1,920 for a 10% correction.

 

[lod01]

 

[lod01]

Margin debt at all-time high: http://www.advisorperspectives.com/dshort/charts/markets/nyse-margin-debt.html?NYSE-margin-debt-SPX-growth-since-1995.gif

This could be interesting.

 

[culdeus]

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

Just how are you playing this?

Same way I played the other dips. Figure out the levels the mid players will go broke at, wait to hit that line and watch out for rig downs.

Play the major players that won't cut dividends. 25%

Get in on royalties 50%

Give the offshore services a love tap. They tend to have a little better time and get oversold when their contracts are long term and they will get paid no matter what. TBD

Storage guys and midstream make a killing on a downcycle TBD

 

[John Bender]

Neat stock market

 

[Todem]

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

Just how are you playing this?

Same way I played the other dips. Figure out the levels the mid players will go broke at, wait to hit that line and watch out for rig downs.

Play the major players that won't cut dividends. 25%

Get in on royalties 50%

Give the offshore services a love tap. They tend to have a little better time and get oversold when their contracts are long term and they will get paid no matter what. TBD

Storage guys and midstream make a killing on a downcycle TBD

Mid Streams are going to crush when this ship turns around. They keep making money, raising dividends. Clear disconnect in that space.

Market will continue to bleed....Monday a relief rally. But then by December I expect a robust rally to end the year and finish positive.

We were over due for a correction. But Oil is causing mass destruction....just bad. Not fun.

 

[fantasycurse42]

Can oil get below $40?

 

[St. Louis Bob]

Neat stock market

I've had a lot of money sitting on the sidelines waiting for this correction for some time now. It's funny when you hate that you get what you asked for.

 

[skycriesmary]

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

Just how are you playing this?

Same way I played the other dips. Figure out the levels the mid players will go broke at, wait to hit that line and watch out for rig downs.

Play the major players that won't cut dividends. 25%

Get in on royalties 50%

Give the offshore services a love tap. They tend to have a little better time and get oversold when their contracts are long term and they will get paid no matter what. TBD

Storage guys and midstream make a killing on a downcycle TBD

Mid Streams are going to crush when this ship turns around. They keep making money, raising dividends. Clear disconnect in that space.

Market will continue to bleed....Monday a relief rally. But then by December I expect a robust rally to end the year and finish positive.

We were over due for a correction. But Oil is causing mass destruction....just bad. Not fun.

We'll see about that rally...I jumped into CVX far too quick. Crazy to be down 10% in three weeks with a giant like that.

 

[shady inc]

Can oil get below $40?

that was easy :(

 

[GoBirds]

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

Just how are you playing this?

Same way I played the other dips. Figure out the levels the mid players will go broke at, wait to hit that line and watch out for rig downs.

Play the major players that won't cut dividends. 25%

Get in on royalties 50%

Give the offshore services a love tap. They tend to have a little better time and get oversold when their contracts are long term and they will get paid no matter what. TBD

Storage guys and midstream make a killing on a downcycle TBD

Who do you see as the major players that won't cut dividends? Been watching COP

 

[culdeus]

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

Just how are you playing this?

Same way I played the other dips. Figure out the levels the mid players will go broke at, wait to hit that line and watch out for rig downs.

Play the major players that won't cut dividends. 25%

Get in on royalties 50%

Give the offshore services a love tap. They tend to have a little better time and get oversold when their contracts are long term and they will get paid no matter what. TBD

Storage guys and midstream make a killing on a downcycle TBD

Who do you see as the major players that won't cut dividends? Been watching COP

I'm waiting to see the upstream/downstream numbers from the 3Q financials. They tell the story. More specifically, I'm waiting for someone I know to do this for me.

Major players that maintain their PFO downstream are the ones you want. Downstream keeps the lights on as they say.

 

[Todem]

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

Just how are you playing this?

Same way I played the other dips. Figure out the levels the mid players will go broke at, wait to hit that line and watch out for rig downs.

Play the major players that won't cut dividends. 25%

Get in on royalties 50%

Give the offshore services a love tap. They tend to have a little better time and get oversold when their contracts are long term and they will get paid no matter what. TBD

Storage guys and midstream make a killing on a downcycle TBD

Mid Streams are going to crush when this ship turns around. They keep making money, raising dividends. Clear disconnect in that space.

Market will continue to bleed....Monday a relief rally. But then by December I expect a robust rally to end the year and finish positive.

We were over due for a correction. But Oil is causing mass destruction....just bad. Not fun.

We'll see about that rally...I jumped into CVX far too quick. Crazy to be down 10% in three weeks with a giant like that.

Oh it will have it's day. You have to be patient and long term. If your trying to trade short term...I am no help. I invest. I don't day trade. Don't listen to the BS on CNBC either. It's all noise.

Oil has been a free fall basically for going on 290 days now from the very top.

 

[Brony]

Neat stock market

I've had a lot of money sitting on the sidelines waiting for this correction for some time now. It's funny when you hate that you get what you asked for.

yep, about 15-20% of my portfolio is getting crushed, but even that small fraction really stings.

 

[shader]

If I had gambling money in the market, I'd buy some quick call options right before the bell today.

 

[lod01]

look the #### out below!!!!! That was a quick rocket to down 3% on the NAZ....and picking up speed.

 

[culdeus]

What's the vix doing?

 

[lod01]

What's the vix doing?

It's a spike

 

[culdeus]

I got distracted. Gooogled vix and found vix swimwear. Will be back in 15.

 

[lod01]

once the #### clears, I think I'll grab some SVXY (inverse VIX).

 

[GoBirds]

Wow we might hit the 10% pullback today.

 

[John Bender]

Neat stock market

I've had a lot of money sitting on the sidelines waiting for this correction for some time now. It's funny when you hate that you get what you asked for.

Mind letting a noob like me know when you'll be getting back in? I have lots of liquid right now and would like to get involved a bit more (albeit probably through someone managing it for me)

 

[lod01]

BTW, some guy on Monday said that Thursday could be the start of a fall in the markets. https://twitter.com/hustonca/status/633269781978816512

http://www.marketwatch.com/story/market-timer-tom-mcclellan-sees-stocks-set-up-for-ugly-decline-as-early-as-thursday-2015-08-17

I know all kinds of people make all kinds of predictions but as of right now, if this continues, he nailed it. That total loser permabear whatshisname has been screaming for something like this for 5 years.

 

[Mystery Achiever]

CNBC going commercial-free for the last half hour to continuously track the market into the close. If my cash level was higher, I'd probably buy something now.

 

[lod01]

Neat stock market

I've had a lot of money sitting on the sidelines waiting for this correction for some time now. It's funny when you hate that you get what you asked for.

Mind letting a noob like me know when you'll be getting back in? I have lots of liquid right now and would like to get involved a bit more (albeit probably through someone managing it for me)

I'm 100% liquid. A lot of people are 100% liquid in their pants right about now.

 

[Don't Noonan]

Neat stock market

I've had a lot of money sitting on the sidelines waiting for this correction for some time now. It's funny when you hate that you get what you asked for.

Mind letting a noob like me know when you'll be getting back in? I have lots of liquid right now and would like to get involved a bit more (albeit probably through someone managing it for me)

I'm 100% liquid. A lot of people are 100% liquid in their pants right about now.

True. But bonds and gold are up today!

 

[FUBAR]

Neat stock market

I've had a lot of money sitting on the sidelines waiting for this correction for some time now. It's funny when you hate that you get what you asked for.

yep, about 15-20% of my portfolio is getting crushed, but even that small fraction really stings.

yep. Glad that I rebalanced, but that balance is still only ~10% bonds.