Oh yeah, this isn't going to end well for me today... Starting to get that annoying last minute gut irritating feeling again.
Anyhow, it's only $$$, right? So who cares if it tanks, right?
But on a more serious note...also watch Google in AHs today.
Because good news on the part of FB might not translated favorable towards Google... At least in the near-term that is... But what do I know, right?
BTW, I've also nibbled on some more EXPE & PCLN earlier today... Both report soon as well. In fact, I've been buying both during most pullbacks the last few weeks. EXPE reports next Thurs., July 31st... Earnings should be good, which should end up rocketing her into a new 52 high. The same with PCLN...
LIAR! First off you never had any calls option to sell, and secondly even if it hit $60 which won't happen--you'll still be at a lost b/c even at that price you still couldn't afford to buy a signal share.
Not a good move, the report will be released AHs where the price action and initial spreads will be quite violent. However, if you're that worried about your invest and can't afford the risk, I would suggest you buy some ITM puts options as a hedge instead.
Neither am I ahhhaa63—a fan that is, but if people want to lull themselves into an Internet induced deep cryosleep, laden with Facebook-I-am-my-own-celebrity dreams. Why should I or anyone else stand in their way, right?
Jeff, it appears someone had been buying small odd lots of $100 OTM calls in the last few days betting on something like this happening.
And today they just made 8900% on that trade... Obviously no insider trading was involved here, right?
Did the same during yesterday's pullback as well...
Reason: Q2 earnings after the bell today.
Yeah, I saw that to... Citigroup raised its price target for Puma Biotechnology shares to $292 from $99 after the company announced positive Phase III data for its investigational breast cancer drug neratinib. Could have made a cool MM just playing options today on that one.
Don't forget Whitney Tilson (who oddly has not been seen on CNBC for many months) has also penned a letter to his investors explaining "why I am more confident of my Herbalife short position." As a gentle reminder, Mr. Tilson entered his Herbalife short in December 2012 in the low $20s.
Intuitive Surgical is up today on better-than-expected sales and shipments...despite posting its fifth consecutive quarterly earnings decline. I might short some later today.
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.