Parked. Day after day I have two computers with 100 issues on them. Only two are red, the VIX and F. The only way to make money here is to sell any pops. Now get back in there and sell, sell, sell!!!
Sure....the stock *&^%$. Recalls, Europe, it's raining, it's snowing....whatever the excuse is, it's dead money. 200 point early DOW gain and F gives up everything in the last hour. If it opens higher the over/under for it to be in the red is usually less than 15 minutes. Generally speaking, the high of the day has usually been seen by 10:00 am and they spend the next six hour selling the snot out of it. It closes at the low of the day almost every day.
Owning F= Driving a Ford
Owning Tesla = Driving a Ferrari
And yet the liberal left continues to get elected and give away more free stuff (well it free except for the people that have to pay for it, you know the OTHER 47%). Now, more people than ever will be on medicad (thanx to President Obummer) and they will now have free healthcare. We have gone far beyond giving those who actually need help the necessities of life, such as food. They now get free housing, free utilities, free education etc. Heck, in my neighborhood my cable company actually runs commercials that inform low income earners that they can qualify for free cable and free Internet. What's next, free weed for those who can't afford it?
LMAO....Icahn is not coming to SWY. The line to buy is probably two deep @ best. It's a #$%$ operation in a #$%$ low growth business There will be no bidding war.. Icahn wouldn't be caught shopping in a SWY much less buying it. The PE guys like KKR that have bought out the grocery biz for the last 3 decades use the same playbook each time. They find undervalued assets, they offer rock bottom prices AND THEY NEVER PAY top dollar. They load the company with debt, and 90% of them end in bankruptcy after the PE guys bleed them to death. The other 10% get brought back out as an IPO (like SWY did 20 years ago) and the PE guys make another killing.
If you own this thing and you have yourself a profit, TAKE IT and move on to something that makes money.
@wooglin........May Day.....yep. I remember when options trading started too. When people ask how long I've traded them, I laugh and tell them I made the very first trade. :)
@gleongelphi...I've been @ it that long too. I started when I was a kid, using an account in my mom's name. It sure has changed a lot since the beginning, back when you paid $150 commission to trade a 100 shares of Exxon, and dialed your broker on a rotary phone. :) Hours and hours in the library studying Value Line and S& P, info that you can now get with the touch of a button. I'll never forget the first time I made a phone call from my car (you had to go through a mobile operator back then) I thought I was James Bond. LOL
I do many other things too, especially since we have semi-retired. But I still enjoy the markets.It's has been my primary source of income for a long time, even though my wife and I now donate more than half of our income to charity.
I don't necessarily trade full time @ least not in the traditional sense you probably mean, but I've been trading for four decades. What I can tell you is the market dictates how many or how few trades I make per month, or per year. I use several brokers and I have long and short term accounts. Long term gets you better tax treatment, but I still have averaged more "trades" over the last five year than I ever have. I never let tax treatment alone dictate a trade that I feel has gone against me.
I've averaged about 40-50 trades a year, including options. On the other hand I've held some positions for years. What % do I make, let's just say I probably do better than most. :)
Angie's List Inc. (ANGI) shares are down handily -- almost 20% to $13.70 -- after missing earnings estimates. The stock was downgraded to Hold from Buy at Stifel Nicolaus and was downgraded to Market Perform from a prior Strong Buy rating at Raymond James.
@ Golden...thanks for your reply. I think by most metrics WFM is overvalued. But it is best in breed. It's still growing and they have a loyal following. It has plenty of cash, almost no debt to speak of and a pretty good track record.
The tiny corner of the big box stores that they devote to healthy foods isn't really that much competition. SWY is selling off stores and shrinking and they are loaded with debt. I won't worry about the big guys too much unless they opened an entire division of healthy food stores, and even then I would wonder about management.
I don't think comparing WFM to FWM is really worthwhile. FWM is a money losing, heavily indebted company with serious management issues. It's a whole different animal than WFM. WFM has been a great ride but probably will move lower near term. It will get interesting after the sellers flush out.
Yea.....It's gonna take out all the moving averages in the morning. It was just getting back there to resistance in the 55-56 area. (where I sold mine over the last few days) RSI near 80. MACD will be moving back down too. I'll watch it for the next week or so, if it does hold $50 I might buy some back, with a tight trigger. Watch volume. If it does get to the $45 area, I will be buying a few.
Sold the Feb $17.50 calls yesterday & today around $1.50....gonna be a good day tomorrow Tater..
Didn't somebody else sell them? SWY is almost entirely institutionally owned. Probably a bet on the bounce in the general market and a slight upward bias into earnings. That will all change on the date of earnings. :)
If it was up to Obummer, he would rename that statue in New York Harbor from the Statue of Liberty to the Statue of Equality.
Socialism promotes equality through shared poverty.
@ibc...I agree. In most cases, short shares can be called in @ any time and that is just another risk of the trade. I suspect that the majority of shorts here are large institutions that have done exactly what you suggest, they are "short against the box" as a hedge. It doesn't have the tax advantages it once did, but it's still done regularly in cases like this. The big guys have this thing wired so tightly that it's tough for the little guys to sneak in a grab some.
I would suspect that there is very little retail short interest here. With half the float shorted, it's the big guys hedging their long positions that also hold it short. I think it's been on the hard to borrow list since the day it IPO'd. You are correct, they will take it where ever they want.
I've traded the markets for four decades and have seen many companies like ANGI. You know that there is a very high probability of bankruptcy EVENTUALLY. The problem is always with the timing. These things can take years, especially when institutions control almost all of the shares that management doesn't. In other words, there isn't any retail ownership to speak of and the big guys can move the stock exactly where they want to. It's a recipe for getting your face ripped off if you aren't careful.
I've traded it a couple of times. I tried to short it in the high twenties, but couldn't get a borrow, so I sold the calls. They were profitable trades, but there isn't enough volume in the options to make much dough. And of course the spreads can get pretty ridiculous.
Personally, there are better shorts out there. Every time I see one of their commercials, I wonder how much longer they will be around.
His word for his entire presidency is re-distribute. As in, "Some people make more than others. We must fix this by re-distributing wealth." If it was up to him, he'd change the name on that statue in New York Harbor from the Statue of Liberty to the Statue of Equality.
Socialism promotes equality through shared poverty.