Posted:
#51
fyi - oil inventories number released at 1030 this morning
JUNE STOCK TALK II
Posted:
#57
Hat,
Yep..if you arent using margin it does not effect you at all.
CDS, the market is taking out all stocks and shooting them, but especially higher beta movers. I have seen much worse than this, some I own have been manhandled over the last 5 days.
Good bounce in CRDC Gunners...I wonder if they take it positive???
Yep..if you arent using margin it does not effect you at all.
CDS, the market is taking out all stocks and shooting them, but especially higher beta movers. I have seen much worse than this, some I own have been manhandled over the last 5 days.
Good bounce in CRDC Gunners...I wonder if they take it positive???
Posted:
#61
Quote Originally Posted by Gunners:
if CRDC does retrace, i hope it can find support around 8.75-9.25. enough of this 7 and 6 handle crap.
Got in at $9.20. Probably a little much but ended up going in for about half of my usual position size.
On a side note, got in on DRYS at $78.54 for about half of my usual position size. I've watched this thing get beat up over the last few days, and in my humble opinion, I think it is about ready for a little upward swing. 
Posted:
#64
current positions, if anyone cares:
Longs:
FTK
CRDC
GU
MVIS
CHNG
NGAS
SWN (Sept Calls)
HANS (Sept Calls)
JOYG (Jan Calls) Entered into this a while ago, so I'm way in the green. It has become a pair trade now with DE puts.
VVUS (June Calls) 1/4 position that is in danger.
RIG (July calls) entered into this with a 1/2 position today, Wall.
Shorts:
Long FXP (July Calls)
Long DXD (July Calls)
DE (July Puts)
Lotsa Cash as well on the sidelines. about 20% of my portfolio. This is due to profit taking on shorts lately. I took profits in XLF puts shorts recently, and QQQQ puts. also have been picking off profits on FXP and DXD. I wish i had a few more shorts, but that's ok. I had PCLN puts the other day, but i sold them already. they'd be humming right now.
the present state of the US economy
Posted:
#66
Gunners,
Good list and thanks for the update, I like knowing what you guys are doing.
Not thrilled with the price action on CRDC. The volume is gone and the stock has been slow trickling lower..like a sell on the news sort of action.
Lets see what happens in the next hour or so, might be wise to have a finger ready if it breaks down. There will be plenty of time to get back in if you wanted out..this one isnt running to the races or anything (IMO)
Good list and thanks for the update, I like knowing what you guys are doing.
Not thrilled with the price action on CRDC. The volume is gone and the stock has been slow trickling lower..like a sell on the news sort of action.
Lets see what happens in the next hour or so, might be wise to have a finger ready if it breaks down. There will be plenty of time to get back in if you wanted out..this one isnt running to the races or anything (IMO)
Posted:
#68
Quote Originally Posted by Wake2002:
On a side note, got in on DRYS at $78.54 for about half of my usual position size. I've watched this thing get beat up over the last few days, and in my humble opinion, I think it is about ready for a little upward swing.
Looks like my humble opinion was just a wrong opinion.
Hopefully this chippy from Cantor Fitzgerald knows what she is talking about:
"The index's reading for Capesize vessels -- the largest drybulk carriers -- fell 16 percent. The average Capesize vessel now costs about $180,000 per day, compared with prices of more than $230,000 per day last week. Capesize vessels are so named because they are too big to fit through the Suez or Panama canals, and must instead sail around the Cape of Good Hope or Cape Horn to travel between oceans.
Cantor Fitzgerald analyst Natasha Boyden said in an interview the significant drop was the result of Chinese iron ore importers working through their stock piles of the commodity instead of bringing more into the country. With the huge demand for iron ore, steel and other commodities carried by drybulk ships soaring, Boyden said Chinese importers turned to their own supplies as ports clogged and drybulk rates skyrocketed.
But Fitzgerald noted that the Chinese only have about three to four weeks worth of iron ore stockpiled. After its resources are used up, Boyden said drybulk ships will again be in high demand to deliver goods to the country.
"This (pull back) is merely temporary," she said. "Painful, but temporary."
https://biz.yahoo.com/ap/080612/drybulk_baltic_drop.html?.v=2
In the same article, an analyst from J.P. Morgan predicts that it will get compunded by a lull around the Beijing Olympics. If he is right, it could be a pretty rough next few months.
Anyone have any thoughts? I thought about doubling to a full position, but the J.P. Morgan analyst worried me a little bit for the short term. I think I am going to hold off and see how much farther this drops
Posted:
#70
Wake,
DRYS has been going down down down since their last great earnings report.
Currently the market is pricing them as if the BDI is going to 5k again, or worse.
It is pissing me off but I am not going anywhere..it is a disaster though as are all shipper stocks.
Market sure took it across the chops again..brutal reversal.
DRYS has been going down down down since their last great earnings report.
Currently the market is pricing them as if the BDI is going to 5k again, or worse.
It is pissing me off but I am not going anywhere..it is a disaster though as are all shipper stocks.
Market sure took it across the chops again..brutal reversal.
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