Stock Thread (59 Viewers)

[The Big Guy]

So Vanguard sent me this message after I went in and out of the UCO so fast after selling BABA : Good Faith Violation: A trading violation has occurred due to trading activity in your cash account in which security(s) was sold before payment was received.

Guessing that they want me to carry more cash in my portfolio or have snough cash to hold if I am going to come in and out of things before the settlement time elapses.

It takes three trading days to settle a trade. The two real questions here are - is this a margin account and are you classified as a pattern day trader?

You need a margin account if you plan on keeping doing this while fairly fully invested (IRAs are much more restrictive, BTW) with classification as a day trader. Day trading accounts need a minimum balance of 25k last I knew. So you can do this, but you have to play by the rules.

The balance piece is not an issue, but I don't have a ton of excess sitting in cash beyond. I was mirroring the oil trades and I guess the moves were too quick before the other ones settled. They did make me change my classification of my trading outlook to aggressive to make the first trade, so while not a day trader, guess it needs me to classify myself as one.

 

[Mystery Achiever]

They did make me change my classification of my trading outlook to aggressive to make the first trade, so while not a day trader, guess it needs me to classify myself as one.

There are lots of rules on this kind of stuff. Maybe from SEC. I once had an application for IPO shares rejected by Schwab because I did not check off speculation as one of my objectives.The guy I spoke to was nice enough to give me a hint to figure this out, as they aren't supposed to tell you the reason so that you won't lie to meet requirements.

ETA-Like Sand suggested, sounds like a margin account might help here.

 

[⚡DEADHEAD⚡]

Interesting story here...

Sports camera maker GoPro recently announced plans for an IPO, which provided key details for component maker Ambarella (NASDAQ: AMBA ) . More specifically, Ambarella is vital to GoPro's operations, as it makes semiconductors found in every single GoPro camera.

Key GoPro component

A quick glance through GoPro's prospectus shows that Ambarella is a vital contributor. Listed in the company's risk factors is, "We incorporate video compression and image processing semiconductors from one provider into all of our cameras." GoPro makes it known that there is no alternative supplier.

An upcoming GoPro IPO will put shares of Ambarella into the spotlight, which could be a great catalyst to boost shares that are currently down over 20% in the last year. In the last month, shares have risen 8%, but are down from their highs, seen around the time the prospectus was released.

The company helps companies with wearable sports cameras, automotive aftermarket cameras, and IP security cameras. Ambarella has seen some of its growth from sports cameras fall, as GoPro experienced declining sales in its most recent quarter.

Growth beyond GoPro

Ambarella is vital to GoPro and its cameras, but GoPro isn't as important to Ambarella and its financials. Lately, Ambarella has seen stronger growth in its IP security camera business. That growth could rocket further, with tech giant Google (NASDAQ: GOOG ) (NASDAQ:GOOGL ) getting involved.

Reports indicate Google has been considering acquiring Dropcam, a maker of home security cameras. Dropcam also uses Ambarella for its cameras, which retail for approximately $150 each. The thought process is, Google wants Dropcam to integrate with its newly acquired Nest brand. Google spent $3.2 billion to acquire Nest, maker of smart thermostats and smoke detectors. It seems Google wants a bigger piece of the growing connected home market. Apple is also a possible acquirer of Dropcam.

An acquisition of Dropcam by a tech giant would be beneficial for Ambarella, as it would significantly boost sales. A deal would also further diversify Ambarella away from sports cameras and put it further ahead in the growing smart home security market. Dropcam streams footage of its cameras to phones or computers, and also includes an upgrade service with cloud capabilities.

Financials

Ambarella recently reported strong first-quarter earnings. The company saw revenue increase 21% to $40.9 million. Earnings per share rose to $0.25, up from $0.21 the prior year. Gross margins declined slightly due to lower sales of sports cameras. Management stated that results were driven by growth in the company's IP security camera business.

The strong first quarter follows a fourth-quarter report that saw revenue increase 26.8% to $40.0 million. In fiscal 2013, total revenue increased 30.2% to $157.6 million. Full-year gross margins increased, and full-year earnings per share grew to $0.85, up from $0.60 in the prior year.

Ambarella trades with no debt and over $140 million in cash, which isn't bad for a company with a market capitalization of $745 million. The company continues to see high short interest of around 17%, despite growing sales and strong insider ownership (47% owned by founder Nick Woodman and his wife, Jill).

Analysts predict Ambarella's revenue will grow 16% in fiscal 2015 and 23% in fiscal 2016. Earnings per share are also expected to grow to $1.17 and $1.47 per share in the next two years, respectively.

Conclusion

Shares of Ambarella have traded between $13-$36 over the last year. With the announcement of the GoPro IPO, shares have jumped to $26 and will likely carry momentum for the next couple of weeks.

With upcoming catalysts (GoPro's IPO and a possible Dropcam sale), Ambarella shares can easily return to one-year highs. The next few earnings releases should provide further double-digit revenue increases and send shares higher.

$32 today.

Started following this bc of your post. marketwatch had an article on 3 great drone plays a day or so ago, and I was surprised to see amba as one of them.

Crossed $100 today. Hope you bought.

 

[sbonomo]

Interesting story here...

Sports camera maker GoPro recently announced plans for an IPO, which provided key details for component maker Ambarella (NASDAQ: AMBA ) . More specifically, Ambarella is vital to GoPro's operations, as it makes semiconductors found in every single GoPro camera.

Key GoPro component

A quick glance through GoPro's prospectus shows that Ambarella is a vital contributor. Listed in the company's risk factors is, "We incorporate video compression and image processing semiconductors from one provider into all of our cameras." GoPro makes it known that there is no alternative supplier.

An upcoming GoPro IPO will put shares of Ambarella into the spotlight, which could be a great catalyst to boost shares that are currently down over 20% in the last year. In the last month, shares have risen 8%, but are down from their highs, seen around the time the prospectus was released.

The company helps companies with wearable sports cameras, automotive aftermarket cameras, and IP security cameras. Ambarella has seen some of its growth from sports cameras fall, as GoPro experienced declining sales in its most recent quarter.

Growth beyond GoPro

Ambarella is vital to GoPro and its cameras, but GoPro isn't as important to Ambarella and its financials. Lately, Ambarella has seen stronger growth in its IP security camera business. That growth could rocket further, with tech giant Google (NASDAQ: GOOG ) (NASDAQ:GOOGL ) getting involved.

Reports indicate Google has been considering acquiring Dropcam, a maker of home security cameras. Dropcam also uses Ambarella for its cameras, which retail for approximately $150 each. The thought process is, Google wants Dropcam to integrate with its newly acquired Nest brand. Google spent $3.2 billion to acquire Nest, maker of smart thermostats and smoke detectors. It seems Google wants a bigger piece of the growing connected home market. Apple is also a possible acquirer of Dropcam.

An acquisition of Dropcam by a tech giant would be beneficial for Ambarella, as it would significantly boost sales. A deal would also further diversify Ambarella away from sports cameras and put it further ahead in the growing smart home security market. Dropcam streams footage of its cameras to phones or computers, and also includes an upgrade service with cloud capabilities.

Financials

Ambarella recently reported strong first-quarter earnings. The company saw revenue increase 21% to $40.9 million. Earnings per share rose to $0.25, up from $0.21 the prior year. Gross margins declined slightly due to lower sales of sports cameras. Management stated that results were driven by growth in the company's IP security camera business.

The strong first quarter follows a fourth-quarter report that saw revenue increase 26.8% to $40.0 million. In fiscal 2013, total revenue increased 30.2% to $157.6 million. Full-year gross margins increased, and full-year earnings per share grew to $0.85, up from $0.60 in the prior year.

Ambarella trades with no debt and over $140 million in cash, which isn't bad for a company with a market capitalization of $745 million. The company continues to see high short interest of around 17%, despite growing sales and strong insider ownership (47% owned by founder Nick Woodman and his wife, Jill).

Analysts predict Ambarella's revenue will grow 16% in fiscal 2015 and 23% in fiscal 2016. Earnings per share are also expected to grow to $1.17 and $1.47 per share in the next two years, respectively.

Conclusion

Shares of Ambarella have traded between $13-$36 over the last year. With the announcement of the GoPro IPO, shares have jumped to $26 and will likely carry momentum for the next couple of weeks.

With upcoming catalysts (GoPro's IPO and a possible Dropcam sale), Ambarella shares can easily return to one-year highs. The next few earnings releases should provide further double-digit revenue increases and send shares higher.

$32 today.

Started following this bc of your post. marketwatch had an article on 3 great drone plays a day or so ago, and I was surprised to see amba as one of them.

Crossed $100 today. Hope you bought.

my wife wanted this one a while ago....my idiot investment monitoring team denied my trade....FML....at least I still own DDD.....

 

[Sand]

my wife wanted this one a while ago....my idiot investment monitoring team denied my trade....FML....at least I still own DDD.....

WTF is this?

 

[fantasycurse42]

UGA is a long term play for me, but I think it'll be in the $38 range by Friday, down from the almost $41 it closed at today.

Today's low so far $38.54... Below $38 and I consider buying more.

Interest rates on the 10 year is at 2.4% today, highest in almost 8-9 months on the heels of a very strong jobs report.

 

[St. Louis Bob]

100 SCO @ $52.92

 

[St. Louis Bob]

100 SCO @ $52.92

Out at $54.79 for a 3.5% profit of $173 after commissions.

 

[fantasycurse42]

Good interview with PIMCO CIO... He thinks the FED is already behind the curve with their timing on raising rates.

 

[Mystery Achiever]

TWTR holders- Costolo is stepping down at the end-of-month. Jack Dorsey stepping in as interim CEO. Nice after hours bump.
ETA- Costolo will stay on the board.

 

[St. Louis Bob]

100 SCO @ $54.98 think I sold too fast yesterday...

 

[fantasycurse42]

100 SCO @ $54.98 think I sold too fast yesterday...

I'd be careful on Fridays with that. Over the last few weeks, the rig count news has been causing large movements on Fridays.

Good luck.

 

[St. Louis Bob]

100 SCO @ $54.98 think I sold too fast yesterday...

I'd be careful on Fridays with that. Over the last few weeks, the rig count news has been causing large movements on Fridays.

Good luck.

It broke through the $60 price point and generally falls from there. I don't like holding through the weekend though so will probably close out today.

 

[fantasycurse42]

On another front, the 10 year had surged all the way to 2.5% overnight Wed/Thurs - I have been crushing that one and then it has gotten spanked down to 2.35% in the last 2 days

What pisses me off the most is how it is falling, not due to US news (which has been great, but ####### Greece drama... #### you Greece, you deadbeats!! )

The economy looks to be moving in a very healthy direction, curious what the Fed says at their policy meeting next week, but it is going to be harder and harder for them to sit on an emergency rate policy of basically 0 with the economy looking strong.

The jobs report last week was beastly, PPI index went up higher than expected today, same with consumer sentiment report, retail sales (with and without auto) were higher than forecast, same with business inventories... In fact, the treasury yield should be skyrocketing on all the good data coming yesterday and today, seriously #### you Greece!

Sticking with my guns and saying the 10 year hits 3% at some point this year, that is my selling number (prob closer to 2.95%). I've got a decent bet on this one.

Dentist, you can buy IEF to go against me here.

 

[Bob Sacamano]

Going a little Dentist here. Just need something I feel relatively safe in that will give me some return on some cash. NTRSP @ $25.30.

 

[fantasycurse42]

100 SCO @ $54.98 think I sold too fast yesterday...

I'd be careful on Fridays with that. Over the last few weeks, the rig count news has been causing large movements on Fridays.

Good luck.

It broke through the $60 price point and generally falls from there. I don't like holding through the weekend though so will probably close out today.

Surprisingly not much movement after the data... Rig count down 7 this week.

 

[St. Louis Bob]

100 SCO @ $54.98 think I sold too fast yesterday...

I'd be careful on Fridays with that. Over the last few weeks, the rig count news has been causing large movements on Fridays.

Good luck.

It broke through the $60 price point and generally falls from there. I don't like holding through the weekend though so will probably close out today.

Surprisingly not much movement after the data... Rig count down 7 this week.

Because production is still up.

 

[St. Louis Bob]

Going a little Dentist here. Just need something I feel relatively safe in that will give me some return on some cash. NTRSP @ $25.30.

Cliff's notes on NTRSP?

 

[St. Louis Bob]

100 SCO @ $54.98 think I sold too fast yesterday...

Out at $55.31 :confetti:

 

[St. Louis Bob]

Has this been the beginning of the correction we have all been waiting for? I guess only time will tell.

 

[Al Czervik]

In for 100 UCO @ $44.55

In for another 100 @ $43.73 for 200 @ $44.14

UGA has gotten ####### slaughtered the past two sessions... I'm getting crushed. $40.50 to $38.20.

Almost 6% in two ####### days.

I've noticed mostly because gas has gone up 10% around here this week.

This is what pisses me off the most

Gas def hasn't fallen 6% in the past two days.

Fund Summary
The investment seeks the daily changes in percentage terms of the spot price of gasoline

According to the charts on Gasbuddy, the average retail price has been going up since about mid April when the average was around $2.40. Now average is about $2.80 and I saw $2.96 on the way to work this morning. Yet this ####### stock can't break through $42.

 

[culdeus]

Not sure if many couch potato guys are on here, but with this rising interest rate thing do you mess with your bond fund selection?

 

[fantasycurse42]

In for 100 UCO @ $44.55

In for another 100 @ $43.73 for 200 @ $44.14

UGA has gotten ####### slaughtered the past two sessions... I'm getting crushed. $40.50 to $38.20.

Almost 6% in two ####### days.

I've noticed mostly because gas has gone up 10% around here this week.

This is what pisses me off the most

Gas def hasn't fallen 6% in the past two days.

Fund Summary
The investment seeks the daily changes in percentage terms of the spot price of gasoline

According to the charts on Gasbuddy, the average retail price has been going up since about mid April when the average was around $2.40. Now average is about $2.80 and I saw $2.96 on the way to work this morning. Yet this ####### stock can't break through $42.

So frustrating!!!

What are you in at and do you have a target exit?

 

[Al Czervik]

In for 100 UCO @ $44.55

In for another 100 @ $43.73 for 200 @ $44.14

UGA has gotten ####### slaughtered the past two sessions... I'm getting crushed. $40.50 to $38.20.

Almost 6% in two ####### days.

I've noticed mostly because gas has gone up 10% around here this week.

This is what pisses me off the most

Gas def hasn't fallen 6% in the past two days.

Fund Summary
The investment seeks the daily changes in percentage terms of the spot price of gasoline

According to the charts on Gasbuddy, the average retail price has been going up since about mid April when the average was around $2.40. Now average is about $2.80 and I saw $2.96 on the way to work this morning. Yet this ####### stock can't break through $42.

So frustrating!!!

What are you in at and do you have a target exit?

Got in at $36. Have a mental timing to sell during the next gas spike around the July 4th weekend.

 

[Mystery Achiever]

Is anyone trying to get Fitbit shares? I would, but my broker doesn't have an allocation.

 

[fantasycurse42]

Put me in the camp that says Fitbit has no long term future and they need to cash out now.

Smartwatches will do everything a Fitbit does and I think Apple/Samsung eventually crush this company. Their only hope is getting bought out, just my opinion.

With that being said, I'm sure their stock has a successful IPO and does well for a little while. I just see a failure over the next few years for them.

 

[Mystery Achiever]

With that being said, I'm sure their stock has a successful IPO and does well for a little while. I just failure over the next few years for them.

I agree, though maybe not on total failure; buyout certainly possible, esp. if they have any worthwhile IP. They are profitable and I think you could make money on IPO shares. I wouldn't buy on open market.

 

[fantasycurse42]

Can Greece just exit the ####### Euro already or can someone just save them? Either or please!

Their economy isn't like the magic glue holding #### together and a huge chunk of market volatility over the last few months has been due to this ####stain of a country.

 

[St. Louis Bob]

I got Scotrade to give me 100 free trades over the next 6 months FWIW.

 

[fantasycurse42]

SGYP, strike price $2.90

 

[fantasycurse42]

This is what pisses me off the most

Gas def hasn't fallen 6% in the past two days.

Fund Summary
The investment seeks the daily changes in percentage terms of the spot price of gasoline

According to the charts on Gasbuddy, the average retail price has been going up since about mid April when the average was around $2.40. Now average is about $2.80 and I saw $2.96 on the way to work this morning. Yet this ####### stock can't break through $42.

Most frustrating stock in the world

####### $2 swing today, from $43 to prob below $41 by close... It looked like it had finally broken through

 

[fantasycurse42]

This is what pisses me off the most

Gas def hasn't fallen 6% in the past two days.

Fund Summary
The investment seeks the daily changes in percentage terms of the spot price of gasoline

According to the charts on Gasbuddy, the average retail price has been going up since about mid April when the average was around $2.40. Now average is about $2.80 and I saw $2.96 on the way to work this morning. Yet this ####### stock can't break through $42.

Most frustrating stock in the world

####### $2 swing today, from $43 to prob below $41 by close... It looked like it had finally broken through

That didn't take long. Ughhh. I'm debating just getting out of this one. In at $36 also.

 

[Steed]

Sgyp pop

 

[Johnnymac]

Sgyp pop

A very nice pop so far today. Good news on one of their clinical trials.

 

[shady inc]

What does it mean when the marketwatch article says "Fed says it's on course to raise rates twice this year " What rates are they referring to? And what does this effect?

 

[fantasycurse42]

What does it mean when the marketwatch article says "Fed says it's on course to raise rates twice this year " What rates are they referring to? And what does this effect?

It impacts everything, technically it really shouldn't, but it does.

You can read about it here; Federal Funds Rate.

 

[Mystery Achiever]

What does it mean when the marketwatch article says "Fed says it's on course to raise rates twice this year " What rates are they referring to? And what does this effect?

Where is that quote? I don't believe the Fed statement said that.

 

[fantasycurse42]

God, I hate listening to this #####... I hate the FOMC, so ####### Dovish, always... Betting on higher 10 year is really so stupid.

 

[shady inc]

What does it mean when the marketwatch article says "Fed says it's on course to raise rates twice this year " What rates are they referring to? And what does this effect?

Where is that quote? I don't believe the Fed statement said that.

that was the title of the article on marketwatch, i just copied and pasted it from there

 

[shady inc]

What does it mean when the marketwatch article says "Fed says it's on course to raise rates twice this year " What rates are they referring to? And what does this effect?

It impacts everything, technically it really shouldn't, but it does.

You can read about it here; Federal Funds Rate.

ok i'll check it out, thanks

 

[fantasycurse42]

What does it mean when the marketwatch article says "Fed says it's on course to raise rates twice this year " What rates are they referring to? And what does this effect?

Where is that quote? I don't believe the Fed statement said that.

I read it on Marketwatch too... They are referring to two .25 FFR hikes.

 

[Mystery Achiever]

I don't see that quote now on the linked page. Perhaps it was changed? A commitment to two rate increases would have sent the Dow down significantly

 

[fantasycurse42]

Don't tell me the economy is anything but #### when you keep monetary policy at emergency levels. I hate these people so much. Same nonsense always.

Put me in the bucket that says the economy is clearly recovering and these ####### are too scared to do what they should've done months ago.

 

[fantasycurse42]

I don't see that quote now on the linked page. Perhaps it was changed? A commitment to two rate increases would have sent the Dow down significantly

http://www.marketwatch.com/story/federal-reserve-stays-on-path-to-raise-interest-rates-twice-in-2015-2015-06-17

 

[shady inc]

I don't see that quote now on the linked page. Perhaps it was changed? A commitment to two rate increases would have sent the Dow down significantly

it was on the home page

http://imgur.com/7Lk8mQk

 

[fantasycurse42]

I really wish someone asking questions had balls and asked the real questions...

"You guys are a group of liars, you will never come off of 0-0.25%, correct?"

 

[shady inc]

Don't tell me the economy is anything but #### when you keep monetary policy at emergency levels. I hate these people so much. Same nonsense always.

Put me in the bucket that says the economy is clearly recovering and these ####### are too scared to do what they should've done months ago.

so if i understand this correctly, the fed is afraid to raise the rate because they think it'll slow down/stop the economic recovery?

 

[Mystery Achiever]

http://www.marketwatch.com/story/federal-reserve-stays-on-path-to-raise-interest-rates-twice-in-2015-2015-06-17

Thanks. That head line,"Federal Reserve stays on path"

has a totally different meaning than "Fed says it's on course to raise rates twice this year

If the Fed had said that, the Dow and S&P would be at a much different level. The writer is simply inferring it from the results of a poll of Fed officials on where rates will end the year.

 

[fantasycurse42]

This ##### never shuts the #### up, yet never says anything of substance. I've heard the term "normalizing policy" a gazillion times in the year she has been president, yet they never do anything close to normalizing policy.

About to sell DTYS for a small gain, not betting on these ####### liars.

 

[fantasycurse42]

"5.5% exceeds what the committee perceives as a normal rate of unemployment"

Really #####? Are you aware you moved those goalposts just a few months back?