And like all the big time traders, you post it all on Yahoo. At least you should mistype it all on Twitter. Of course you might get torn up pretty badly there.
Now run along and stop playing with yourself on Yahoo.
"Come on just go up and gran that ..."
What does your granny have to do with it?
Are we supposed to be impressed with your trading prowess? Or are you just trolling for a reaction? I'm sure when your trades go against you, you'll claim you got out on a dip. No one cares and no one takes you seriously.
Yes, I'm now within 23 cents of my cost basis. Sold $60 and $70 calls which helped to reduce the basis. Looks like oil has found a price range here for the time being. The EMES $90 call for Jan 2016 is trading around $4.50, and even the June 2015 $100 has a bid over $1. Some volatility still ahead especially considering the low trading volume, but the longer term prospects make it well worth patience.
The guys talking $20 and $30 oil are the same geniuses talking $150 and $200 a while back.
The bottom came about December 10 when Cramer warned a listener not to buy.
You can always rely on Jimmy's timing. The near term top will probably come if/when he tells people to "buy,buy,buy."
"thats crazy,the co is still digesting aquisitions..."
Pricing of social media stocks or the stocks for things like Amazon, Tesla, NetFlix hasn't been based on current fundamentals like some consumer staples stock would be. I wouldn't try to predict how high or low the market might run FB based on earnings report. It's more to do with traders playing with it in the short term and Mr. Market's mood at the time.
FB has had several price target raises from decent analysts lately that did not keep the stock from inching lower. Obviously given its daily volume it's not being driven by small time retail investors. So saying it's going to rocket to $92 or sink to $70 is just gambling on how some unfathomable algorithms are programmed to react. I just hold the stock, sell out of the money calls on price run-ups, buy them back on dips and expect over the longer term the market will continue to drive the price up.
If there is a big run up I'll sell some calls and, after the euphoria subsides, buy them back and patiently watch the price rise over the long haul. It's like getting a nice dividend that drives down my basis in the stock. Far easier than trying to jump in and out of the stock and cheaper to extricate myself if I sometimes get it wrong ... which I'm bound to do from time to time. Volatility can be your friend.
I agree that it is a long term thing and that the fluctuations in short term stock pricing depend on what "traders" regard as the latest hot thing, but ultimately the price will not depend on whether or not the man on the street has ever heard about the science behind what ONVO is doing and more about the deals that get done, the collaboration with the big names in the pharmaceutical sector and ... probably ... who decides to buy them out. Or who else if someone else comes up with a better product. Whatever the catalyst may be, it's better not to read anything into short-term price swings that occur absent any significant developments.
And given the longer term positive prospects, the short-covering circus should make for some enjoyable entertainment. Peanuts? Popcorn? Incontinence pads?
Looking good ... but then we knew it was going to be good. The notion that there was a direct, 1-to-1 correlation between GBX revenues and the price of oil never made much sense to anyone who did an ounce of due diligence.
And if you look at the bid/ask that calls are generating a few months out, there seems to be confidence in an eventual return to higher prices At least a few days ago the June 2015 $70 call had a bid/ask of $4.30/$5.30, for example
Anyone that easily frightened should sell. Maybe they'll be replaced by steadier, more intelligent investors. Then when it goes up, the clueless sellers and clueless short-sellers can chase the stock higher still.
I understand that, but he bought into the stock at $6 or $7 (and included it in his "final trade" on Half Time) and now is talking about it under $2 without any reference to himself doubly down or adding to his holdings. I understand his sentiment and am still long my calls, but I don't think I would actively promoting it as anything but a long shot now.
I hope for everyone's sake(aside from the shorts) that it revives or is bought out, but it is more of a gamble at this point than an investment especially on a show that purportedly is about Fast Money trades.
Yes, I put more credence in the Najarians, Karen Finerman and Tim Seymour as far as Fast Money people are concerned. Of course, they also have their hits and misses, but they seem to be relatively honest and informed. All you have to do is watch Cramer from time to time to be reminded that CNBC is still little more than a 3-ring circus trying to attract attention with shiny objects and sound effects.
If Weiss hedge fund investment clients watch CNBC it's a miracle they haven't all jumped ship.
Of course, everyone who opens his/her mouth on CNBC has a self-serving agenda. I would never invest in anything based solely on something I heard or read from a single source. That said, I've made money selectively picking up on some things I've heard on Fast Money after further investigation.
The first time he talked up HK, he and everyone else were were high on energy stocks. Now he's probably trying to pump and dump what he got stuck with. Either way, he's still an idiot.
Weiss was attempting to pump this stock again on CNBC Fast Money Half-time, saying they were hedged out to 2016 and saying to buy it in the $1.70 to $1.80 range and hold it for a few years.
Of course he was also pumping it (and put it in his competitive Half Time trading portfolio) back when it was around $6 or $7. Surprisingly he's in last place in the trading contest and down about 16% for the year. I don't think I'd buy a used car from him or take investing advice from him either ... a mistake I made when I listened to him the first time and bought April HK calls.
Great call and great timing. It's up about 10% from the Monday following your post. Let us know when you become a "strong buyer" so that we can sell and/or write protective calls.
Thanks in anticipation.
I don't mean to brag, but my proprietary strategy is to buy low and sell high. If you want to use my method you'll need to pay a subscription fee to get the special access code number. A first step for those who can't pony up the fee is to listen carefully to Jim Cramer. Whatever he recommends you do, don't.
On Yahoo all the great traders discuss the profitable trades they did in the past tense. Amazing how the history they cite always caught the highs and lows just right. But somehow the trades that go horribly wrong in the present tense are ignored in favor of the imaginary revisionist history lessons. Save your tall tales for mom and dad. I'm sure they still think you're special, but no else really cares (or believes you).
Don't give up your paper route.