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      07-10-2011, 12:22 PM   #1519
AngelinIsRich08
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Even with Fridays poor performance NFLX still went up. They want to hit $300 and are $295 now. I still think they're overpriced by at least 30%.
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      07-10-2011, 12:51 PM   #1520
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Quote:
Originally Posted by AngelinIsRich08 View Post
Even with Fridays poor performance NFLX still went up. They want to hit $300 and are $295 now. I still think they're overpriced by at least 30%.
Like I had said long ago about Netflix wanting to hit that magic $300 mark. We are close so even if we don't hit $300 NFLX had quite a run this last year from $100
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      07-10-2011, 01:58 PM   #1521
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Quote:
Originally Posted by AngelinIsRich08 View Post
Even with Fridays poor performance NFLX still went up. They want to hit $300 and are $295 now. I still think they're overpriced by at least 30%.
AAPL same. It's ready to breakout and make a new high.
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      07-10-2011, 02:08 PM   #1522
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I know. I sold my apple at $335 two weeks ago. Earnings come out this week. Any thoughts or indications for what some companies will release? I don't know if CSCO's comes out but I hopes it is good. Also, anyone think SLV will hit $36 or $37 this week? Options expire this Friday and I have $36 calls for SLV and a put for apple at $335.
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      07-10-2011, 05:05 PM   #1523
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Quote:
Originally Posted by AngelinIsRich08 View Post
I know. I sold my apple at $335 two weeks ago. Earnings come out this week. Any thoughts or indications for what some companies will release? I don't know if CSCO's comes out but I hopes it is good. Also, anyone think SLV will hit $36 or $37 this week? Options expire this Friday and I have $36 calls for SLV and a put for apple at $335.
CSCO might be 1-2 more quarters of disappointing earnings, but I think expectations have come down (they had to). Maybe they'll announce a decent number AND some layoffs or more details regarding their restructuring that will prop up the stock.

SLV is too hot to touch right now for me, I still like GLD much more.

AAPL earnings never boost the stock short term, but this might be different if they give insight to new products or the iPad went nuts (rumor is that it did).
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      07-10-2011, 05:44 PM   #1524
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What are your guys's predictions for the markets an year or two from now? I'm hearing a lot of talks that there will be another crash that'll be even bigger than the one in 08 in 2013. America will probably default on its own debt and the Fed is doing terrible things to our dollar.
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      07-10-2011, 10:49 PM   #1525
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Quote:
Originally Posted by AngelinIsRich08 View Post
What are your guys's predictions for the markets an year or two from now? I'm hearing a lot of talks that there will be another crash that'll be even bigger than the one in 08 in 2013. America will probably default on its own debt and the Fed is doing terrible things to our dollar.
No one knows.
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      07-10-2011, 10:59 PM   #1526
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I'll see what tomorrow brings. I'll either be going long or short on things like apple, Siri and GOOG. My hope is SLV climbs.
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      07-10-2011, 11:20 PM   #1527
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Futures down around .4%. I REALLY hope Bernanke doesn't hint at QE3 tomorrow.
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      07-11-2011, 08:44 AM   #1528
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Down quite a bit today. But SDS performing well.
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      07-11-2011, 09:07 AM   #1529
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My only holding at the moment is a large position in SPXU... so I can't say I'm upset about today's events.
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      07-11-2011, 09:18 AM   #1530
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My only holding at the moment is a large position in SPXU... so I can't say I'm upset about today's events.
Yea, SDS is the counter of the S
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      07-11-2011, 09:21 AM   #1531
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Quote:
Originally Posted by AngelinIsRich08 View Post
Yea, SDS is the counter of the S&P
SDS is 2x inverse S&P

SPXU is 3x inverse S&P

Booyah.

At $15.32. Just $0.08 from my 1-week price target I set last Tuesday.
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      07-11-2011, 09:56 AM   #1532
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^^^ haha. Sometimes whenever I type in something and click post, more than half of it doesn't post. I don't know why. But wow, an inverse of 3x is better than my 2... It's certainly more predictable than making puts on some stocks! I know when the Dow will fall and rise most of the time pretty accurately so these are pretty sure money makers. I don't think earnings reports will disappoint so the markets should pick up a bit this week.
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      07-11-2011, 10:11 AM   #1533
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JULY 5 I re-opened a sizable SPXU position today at 14.85. One week target of 15.40.


Just closed out at $15.40.

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      07-11-2011, 10:41 AM   #1534
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Down several grand today. SLV and CSCO WTF? But SDS is good. Are you selling your spyx?
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      07-11-2011, 10:41 AM   #1535
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*SPXU*
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      07-11-2011, 10:46 AM   #1536
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Quote:
Originally Posted by AngelinIsRich08 View Post
Down several grand today. SLV and CSCO WTF? But SDS is good. Are you selling your spyx?
Yup. It hit my 1 week price target of $15.40 so I sold. Nice little 3.7% gain in 4 market sessions.

I've learned that with SPXU you simply can not be greedy, because it trickles downward based on its inverse leverage. Gotta time the pullbacks and plan accordingly.
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      07-11-2011, 12:16 PM   #1537
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1319 SPX and 1315 ES should mark the bottom for now...TL support at this level...for longer term time frame mkt is unclear right now....bearish below 1326 and bullish above 1342 ES....until we clear 1326 to upside need to be on DEFCON 2 alert hehe.


SLV showing slight relative strength compared to general mkts and GLD showing alot of strength for such a down day...hmmm.
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      07-11-2011, 01:06 PM   #1538
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SLV is down 2%...
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      07-11-2011, 01:15 PM   #1539
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Quote:
Originally Posted by AngelinIsRich08 View Post
SLV is down 2%...
should have said it "was" showing relative strength early this am near open but since then it has sold off more than I thought.
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      07-11-2011, 05:14 PM   #1540
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Oh man. Vanguard went down like nuts in the last hour of trade.
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