As well as picking up some Aug 16th '14 calls...
PCLN reports 8/11.
Joe, the last time I purchased any ICE shares was back in early 2010 and then again in the summer of 2011... Sold some late last year and again more recently but not enough when it crossed above 200 earlier this year. Now, I'm considering rolling those gains into CME but I'm not yet wedded to the idea... What's your take on CME going forward from here based on your TA analysis?
I have my moments ahhhaa63... And thankfully most of the times they end up going my way.
As far as risk goes, well what can I say; it's not the size of your cojones that matters but that seldom used and somewhat neglected organ between one's ears that really matters.
In fact, my wife thought I was crazy—actually she used more colorful language, when I told her I was buying Fannie Mae & Freddie Mac bonds as well as shares staring in later 2011 through mid-to-late 2012… She of course has since changed her mind after seeing the results.
Maybe now it's a good time to tell her I also invested heavily in Greek & Spanish bonds and equities… Nah, I’ll wait a bit longer to tell her about those.
Ponz, I never expected NFLX to make any major moves following their Q2 earnings report... In fact, I was betting (actually hoping) given its present valuation it might do the opposite of CMG following it earnings report, which is why I sold all those calls this week.
Still, after reading the report I now expect some sort of pullback over the ensuing days -- but not a major as I once assumed due to the better than expected international subs numbers reported. So keep an eye on this one...
I know, that's why I picked up some more shares earlier today in the mid 580s... Theoretically I should also make another 25Gs off those ITM weekly calls I bought today as well.
Also watch NFLX tomorrow because even though paid domestic subscribers rose to 35.085 million… In other words, a sequential increase of 708K, it was still the smallest since Q2 2012.
However, what's more troubling is that NFLX predicted that Q3 total domestic streaming adds will increase by 1.33 million, which is below the Wall Street estimate of 1.4 million.
Still paid international subscribers was the silver lining: it was here that NFLX reported that total subs rose to 13.8 million, an increase of 1.118 million, above the 0.97 million expected. And improving the international trend, NFLX hopes that in Q3 international subscribers will rise by a whopping 2.36 million, far above the 1.74 million expected.
The hope, of course, is that sooner or later the International business will become breakeven and generate incremental profits. Something which so far, it hasn't.
So the real question going forward is: will international subs continue growing at a pace that will offset the tapering growth of domestics and certainly offset the declining contribution of the melting DVD ice cube? We’ll just have to wait and see…
Oh, and finally good luck with the whole "Net Neutrality" thing. Because ironically, the bigger NFLX gets, the more likely the distributors will collude to squeeze every last drop of cash from the company.
Hopefully, I wouldn't screw it up.
It's good to be on the winning side when it comes to CME... Can't even begin to tell you how many time I've come close to writing CME off in the past. Hopefully this is only the beginning of the next leg higher.
Joe, I haven't sold a share in almost 3 years... If it gets back into the 80s though, I'll reconsider... I can be stubborn that way.
Ponz, all anyone here really needs is either an IB, Etrade Pro or Scottrade account and an actual working brain... I say, screw the Zacks, Seeking (Attention) Alpha/Omegas, and Cramers of this world.
Cass, I have been trading GOOGL since its IPO day and FB since mid-2013. However, unlike Google with Facebook I was never really a big fan (probably b/c I thought it was a passing fad like MySpace), nor did I buy into the initial hype even though my broker at the time insisted I buy in— but I never did. And when it tanked soon after, I felt vindicated in a way. But that all changed after they reported their 1stQ and I did some more DD. Now, I believe as some others here that FB is Google’s only other ‘true’ competitor out there. So, I started buying in…initially in the high $23s thru the $28 range and then again—about a year ago, between $34 thru the $45 range and never really looked back since then. Now, I mostly preoccupy my time as far as those two positions are concerned by selling options to generate further $$$, as well as hedge my positions. Did that GOOGL yesterday and will do the same with FB next Tuesday.
Sure did... Took Poles advice and went with my gut feeling after all... Now I only wish I had sold more weekly puts today.
• Google (NASDAQ:GOOG): Q2 EPS of $6.08 misses by $0.15.
• Revenue of $15.96B (+21.7% Y/Y) beats by $350M.
It's not that Joe, I can handle given some profits back...it's just that I don't like second guessing myself.
Joe, I'm also watching it closely and that’s why I think today’s close will be key. If she breaks below 1967 then I’ll start to reassess things. But for now, I’m still staying put for the most part. Heck, I’m even starting to second guess my Google & Facebook trade ahead of Google reporting later today…and that’s never a good sign.
Made a whole .23 today before giving it all back and then some... Right now, I'm thinking (actually more of a gut feeling than anything else given how both FB & GOOGL are trading today) that Google might pull it off this time around. So, I'm scaling back on some of those puts I bought yesterday and earlier this morning as a hedge… Anyhow, wish me luck b/c every time I get cute day-trading Google it usually doesn’t end well for me.
They're not going to get $100B...that's wishful thinking on your part, but $85B is in the cards... Needles to say, you're right...if the deal goes threw, which it will...NFLX will get a nice bounce as well.
Jeff, Google is a great company agreed… However, the truth still remains that as more and more people are accessing the internet through smartphones and other mobile devices, Google as opposed to Facebook hasn't been able to attract much ad hits. Whereas Facebook's native advertising neatly folds into the mobile platform's interface.
So, until that changes—and changes quickly, it might be nothing more than desperation that's driving Google’s much-vaunted moonshot projects. But we’ll just have to wait and see…
Right now, I own plenty of both but have been hedging my bets with somewhat with options ahead of Google reporting later today.