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Stock Thread (27 Viewers)

General Malaise said:
Thursday marks the end of Q2 and I have a feeling most money managers are going to be reporting dismal news to their investors. I think a lot of them have moved to more defensive positions with an eyeball to discounted buying next week after the holiday weekend.  I'm holding out a small hope that there will be some window dressing buying today and tomorrow to ease the pain of reporting an awful month/quarter/YTD number to investors, but I'm not seeing it today after a promising start.  

Thanks England.  Glad your soccer team lost.  ######s.
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They ####ed everyone. They're happy about it too (the ones who voted to leave).

I hope they suffer serious economic consequences, which I suspect in a few years they will.

 
Could have sworn someone posted yesterday about getting in on Nike ahead of earnings but can't find it now. 

They were down 7% after hours because they barely missed the revenue target but opened up today. Go figure. 

 
The Department of Energy report at 10:30 will set the tone. If it is a bullish report, oil rips higher and the market follows, if it is neutral or bearish, I think this rally loses steam.

 
Back for more education. 

Can I get the "explain it to me like I'm a 5 year old version" of the impact of the Dept of Energy report (how it drives the oil, what to look for)?

Thanks.

Ohh.. also..followed through on the whole "short APPL" plan on Monday. Made $80..woo hoo.  lol

 
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RUSF18 said:
Could have sworn someone posted yesterday about getting in on Nike ahead of earnings but can't find it now. 

They were down 7% after hours because they barely missed the revenue target but opened up today. Go figure. 
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I was tempted to buy before the close but held off.

 
John Bender said:
Here goes oil.

up up up and away
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Big build for gasoline, a little concerning, but production in lower 48 dropped another 30kbpd (shale), nice drop in Crude (-4.1MB), runs up, distillate nice drop (-1.8M).

Initial reaction was sorta tepid with only an increase in spot of 30 cents, just ran another 25 cents... Still waiting to see the reaction for the next 2 hours or so. 

 
Anyone watching Solarcity (SCTY)? How much of a pop could be expected if they do get bought by Tesla. You have to figure Musk gets what he wants in the end.

 
fantasycurse42 said:
Big build for gasoline, a little concerning, but production in lower 48 dropped another 30kbpd (shale), nice drop in Crude (-4.1MB), runs up, distillate nice drop (-1.8M).

Initial reaction was sorta tepid with only an increase in spot of 30 cents, just ran another 25 cents... Still waiting to see the reaction for the next 2 hours or so. 
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Hoping for a UWTI run up to near $35 but it has stalled a bit.

+13% in this latest round for me and have to dip out for the day.  Might set a stop loss around $33 to lock in some profits.

 
John Bender said:
Hoping for a UWTI run up to near $35 but it has stalled a bit.

+13% in this latest round for me and have to dip out for the day.  Might set a stop loss around $33 to lock in some profits.
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I bought in at $31 yesterday, stop set at $33 as well :hifive:

 if it reverses course, losses will come quick. We'll see, moderately bullish report, the gas build is extremely interesting during peak driving season. 

Would like to see WTI trading over $49.10ish to feel a little better. Brent close to $50 again, I don't think it takes it today (currently $49.60).

 
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fantasycurse42 said:
I bought in at $31 yesterday, stop set at $33 as well :hifive:

 if it reverses course, losses will come quick. We'll see, moderately bullish report, the gas build is extremely interesting during peak driving season. 

Would like to see WTI trading over $49.10ish to feel a little better. Brent close to $50 again, I don't think it takes it today (currently $49.60).
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Looks like a ceiling could be in place as of now. Needs to get above there and hold for another leg up.

Cautious regardless. WTI has crossed $50 numerous times in the last month only to get smacked down. Beyond the other macro concerns, big money is obviously very well aware of this.

 
ouch

Galena Biopharma, Inc. (GALE) - 0.31 1.72(84.55%)

Galena Craters on Breast Cancer Vaccine Study Failure

 
fantasycurse42 said:
Looks like a ceiling could be in place as of now. Needs to get above there and hold for another leg up.

Cautious regardless. WTI has crossed $50 numerous times in the last month only to get smacked down. Beyond the other macro concerns, big money is obviously very well aware of this.
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Yeah - looks to have trouble holding over 34 now.  Might pull right about now.  

 
Just charted it, the 20DSMA is about $49.08... Holding above that would be bullish, below and I'm selling.

The pit closes have been crazy lately though, think there is a chance this can run 50 cents at 225pm. On the flip side, the selling could be aggressive too. 

Keep in mind, a lot of big money got crushed the last week, not sure if they want to walk away and take some profit to make up losses or keep pressing. 

 
Also, I mentioned the Norwegian oil workers possibly going on strike at the beginning of the month, love how now CNBC puts this front and center now, thanks for staying on top of current events. Talks at the end of the week, if no deal is reached, could provide another bullish catalyst, if they do get a deal, could provide a bearish sentiment to stall any rally. 

I've been watching that closely and still don't have a good read, really can go either way. 

 
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Out at $34.08

Also sold my UCO I had been holding.  It just doesn't seem to move anymore in correlation with the other leveraged funds during these rallies.  I've been chasing my tail on it for every.  When it dips, it dips harder than it's counterparts as well.

Keep me posted please FC on what you see.

Agree with you on CNBC too - I watch it all day long.  I wish there was a better options (Bloomberg is so boring and international based) because all they do is talk about the same 20 stocks day in and day out.  I need news on everything, not just NIKE, F.A.N.G., and Apple.

 
BP and RDS are nearing where they were on Friday. Not sure where to go with it or just keep sitting. Probably keep sitting cause I don't want to get cute but this week has been crazy. 

 
Out at $35.18... If it would've crossed $50, I might've held a little longer. Big day, I've almost almost covered my massive Brexit losses.

 
So I've been on vacation and out of touch for the last week or so.  My portfolio is basically flat.  

Did I miss anything around here?  

 
Sand said:
So I've been on vacation and out of touch for the last week or so.  My portfolio is basically flat.  

Did I miss anything around here?  
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People said the Brexit was bad because the Dow went down.

The Dow is now up, therefore, Brexit is now good?

Everything is fine. :shrug:

 
Philo said:
People said the Brexit was bad because the Dow went down.

The Dow is now up, therefore, Brexit is now good?

Everything is fine. :shrug:
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Brexit is still bad, investors are just a herd. They'll be culled at some point.

Nonetheless, I'm feeling massive relief today, closed my oil positions. Still haven't went cash with FA, but I think the time is almost here. He recommended to just heavy up on bonds/high credit rated munis. Not all that familiar, but sounds much safer to me. 

I've also asked him to look into shorting the Great Britain Pound for me, will report back. 

Debating a small shot on TVIX overnight, this rally is overdone, don't know if the reality hits tomorrow or possibly after the holiday weekend.

 
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WTI halted at $49.96 while running like madness. Bender sauce, I'd book some profits, you can always get back in... I sold at $35.18. I put the order in at $35.45 while it was at $35.55 and it fell to quick, then tried again at $35.35 and same story, finally got it at $35.18.

Should've just gone with a ####### market order which would've saved $500 :kicksrock:

 
RUSF18 said:
Could have sworn someone posted yesterday about getting in on Nike ahead of earnings but can't find it now. 

They were down 7% after hours because they barely missed the revenue target but opened up today. Go figure. 
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That was me. Turned out fine. Love them long at these levels. Or not....looked back and I did not mention it recently. But I bought 300 shares for myself at at average of 53.25. I was called out of it last year at a pre split price of 100 a share (after holding it for years upon years). Wanted to get back in....sub 55.

 
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fantasycurse42 said:
Brexit is still bad, investors are just a heard. They'll be culled at some point.

Nonetheless, I'm feeling massive relief today, closed my oil positions. Still haven't went cash with FA, but I think the time is almost here. He recommended to just heavy up on bonds/high credit rated munis. Not all that familiar, but sounds much safer to me. 

I've also asked him to look into shorting the Great Britain Pound for me, will report back. 

Debating a small shot on TVIX overnight, this rally is overdone, don't know if the reality hits tomorrow or possibly after the holiday weekend.
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TVIX has been so stubborn is the only issue even during undulating market performance.  I like where your head is at though re: this being a bit overdone.

I closed oil out.
Closed TWLO out yesterday
I'm debating taking my Citigroup pop and running as well.

Leaving me invested in only 5 names at that point (left over CAT, tons of AAPL and FB, my LXU baby and the VOD bought yesterday)

 
John Bender said:
TVIX has been so stubborn is the only issue even during undulating market performance.  I like where your head is at though re: this being a bit overdone.

I closed oil out.
Closed TWLO out yesterday
I'm debating taking my Citigroup pop and running as well.

Leaving me invested in only 5 names at that point (left over CAT, tons of AAPL and FB, my LXU baby and the VOD bought yesterday)
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Where was your entry point on CAT John?

 
John Bender said:
I was very lucky with CAT 

In for 130 @ $58.14 - on January 27th

I sold out a month or so ago.  

Out for 100 @ $73.47 on June 5th
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Great entry point. Your yield is 5.3%!

Depending on how much you still own you may want to write some covered calls on it.

 
Todem said:
Great entry point. Your yield is 5.3%!

Depending on how much you still own you may want to write some covered calls on it.
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Thanks Todem - I actually think that's a very good idea.  Problem for me is navigating the TD Ameritrade interface to figure out how to do it correctly.  I always jack something up.  I can call them tomorrow.  

CAT was the opposite of oil for me. I did everything correctly with it, as opposed to f'ing everything up chasing oil prices)

Yeah - looks like covered call around $78 or so here looks really nice.  Have to apply for an options account however. 

I really need to find a new brokerage and work on starting fresh with free trades somewhere.  It's just such a pain in the ### to close everything out.  I'm also really lazy.

 
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MGT being pumped again... I really can't wait for the implosion of this fraud, I'm growing impatient. 

The MGT message boards are magic to me, have them all bookmarked for when this goes to 3 cents. 

 
NREC34 said:
I'm all out if it looks like he has any chance of winning. It's not too late now. 
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Yeah, I just pulled out of what positions I was in. Happy to get out with a modest profit. I just don't see the upside in the next year plus. The chance of a Trump victory scares the hell out of me on a lot of levels. I can't see it happening, but after Bush won his second term I swore I'd never underestimate the stupidity of the American people. 

If he does win, I can only imagine how markets will tank. 

 
It doesn't look like Brent is going to hold $50, looks weak to me, but a good entrance spot if you want to roll the dice and set a short stop. If it does hold, should have some nice profit, worth gambling on a .3% loss for a 1-2% gain IMO

 
Overall this market is pretty incredible.  Still holding up and then some.

I did ended up grabbing 1200 shares of TVIX yesterday and today has been pretty ugly for me.  I don't like to keep that much VIX over a weekend, but I think I might have to at this point.  

 
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