Stocks and Trading Thread - Channeling your inner Mono

[MadImmortalMan]

I rode the Amazon tiger today and made a shitload of money.

Get off before the tiger eats you.

[Admiral Yi]

I was surprised when I read in the FT that gold and silver crashed yesterday.

Bubble's a poppin', time to run away.

[Ed Anger]

I rode the Amazon tiger today and made a shitload of money.

Get off before the tiger eats you.

Got off just off the peak. I figured once the shiny wears off the Fire, it is time to get off.

[Admiral Yi]

Read another article in the FT, this one about Berkshire Hathaway.  They're considering a stock buy back with the mountain of cash they're sitting on.  This means The Man doesn't think stocks will be dropping any time soon (otherwise he would hold the cash to snap up bargains).

[Caliga]

I reconsidered and I think I'm going to hold my ETR position and enroll it in DRIP.

[Ed Anger]

I rode the Amazon tiger today and made a shitload of money.

Get off before the tiger eats you.

Got off just off the peak. I figured once the shiny wears off the Fire, it is time to get off.

222.44
-7.27 (-3.16%)


LOL

[MadImmortalMan]

 



I had a sweet gain from a batch of puts I bought at end of day yesterday, but TDA/thinkorswim was down and I couldn't take my profits. Finally, they came back online, I moved my stop to lock in at least a little gain, and...well it triggered just as I was writing this. Bleh. That hiccup cost me about 80% of the gains on that trade. At least I didn't lose anything.

[Caliga]

Cool, didn't realize you were a TDA customer also.  What's that thinkorswim thing do anyway?  I keep saying to myself "I should check this out" but never get around to it.

[MadImmortalMan]

Took me a while to get into it. Had to find time to sit around and watch the tutorials they have. It has so much going on it's a bit overwhelming at first. I like the live charting it does. The other tool, trade architect, is kinda nice for figuring out things like option spreads. Sometimes getting a look at a trade first makes you decide not to do it, so there's definitely value there. TOS is pretty cool for doing things like placing your stops along with the buy orders and things. I also like the newsfeed, oh--and they have a contract with cnbc to embed the channel live right in the platform without commercials. That's very nice.

[Ed Anger]

I'm back in black. Thanks for the shitburger Europe. 

[Tamas]

SP500 almost touched 1220. Time for 1120 again next week.

[MadImmortalMan]

I'm short from yesterday afternoon. SPY puts which were not itm yesterday but opened itm today. So far so good. Watching TLT to see if it has a strong enough rebound to signal a reversal.

[MadImmortalMan]

NFLX down about $35 after hours...

It might actually be buyable soon.

[DGuller]

Holy shit! What the fuck happened?  Surely this isn't a reaction to the expansion of streaming services to other countries?

[MadImmortalMan]

Earnings guidance was bad. Basically they said European expansion was eating up all of next quarter's profits. Closed today at 118. Now bouncing around 85.


Booyah!

NFLX - Cramer's 'Mad Money' Recap: Don't Abandon Ship
Netflix

Jim Cramer recommended:    buy
Date:    Tuesday, July 26, 2011
Price Then:    $266.91
Price Now:    $118.84
Return:    -55.48%
Jim Cramer on NFLX
Tuesday, July 26, 2011


The question is not whether or not to sell, it's whether the dip in the company's price is a buying opportunity. He said Netflix management has delivered time and time again, and it's unlikely that the company just shot itself in the foot by raising prices. Subscribers will not be leaving in droves because of a few dollars, he said. Netflix is extremely cheap. Given that the company just expanded into Latin America and will be conquering Europe soon, Cramer said Netflix is still a buy.

thestreet.com
Cramer's 'Mad Money' Recap: Don't Abandon Ship