STOCK MARKET: Let's talk stocks and investing

didn't someone else try to buy yelp awhile back?

 

Same person. Slan you averaging down?

 

if i'm averaging down in that train wreck of a trade it wouldn't be today. yelp is going lower. maybe look to buy at 40 if you really have to buy it

 

Guilty.

Luckily I sold right before Christmas for a profit. Today's buy is my only open position in YELP.

 

I'm up almost 10% since I jumped in a little over a month ago.

ACT
BHP
HAL
APO (sold before earnings released this week)

 

I don't like yelp ..making a new year low. once you think its cheap then it can get cheaper. I don't like buying in charts with clear down trends.

 

Note: UVXY is a 2X leveraged ETF so it will tend to move about double what the VIX does.

Yea I doubled down today at a touch under 25. Now I'm up a bunch. If the market goes down some more on Monday I'll probably sell somewhere over 30. I'm not greedy, I'll take my profits.

 

Argh, I meant yesterday, not today...

 

I can see YELP making a waterfall decline all the way down to 30, similar to what happened to it in March 2014.

 

YELP was a hundred dollar stock in March 2014.

 

I think he's saying that's when it began tanking.

 

Anyone going long on UVXY today? It's at $22.55.

 

UVXY sucks.

 

UVXY has a lot of Greece premium built into it (or more accurately, short term volatility futures has that premium). If Greece is resolved and stays with the Euro - whether today or a week from now or a month from now - UVXY is going to drop 20%+ within a few days. If Greece exits the Euro, UVXY is going to skyrocket. So in the short term, UVXY is just a bet on Greece and how it plays out.

 

Why would I be buying uvxy when the market is making new highs? Perhaps before you trade something unfamiliar to you - you should research it and understand it instead of just buying it on technical Levels that someone mentioned. The person did say to put a stop of $1 on it anyhow.

 

I've been using factset in my portfolio theory class. any of you professionals ever used it or know if it's a common tool?

 

quite common.

 

you can create charts (such as indexed pricing), pull conference call transcripts and earnings estimates (such as annual EBITDA), etc.

and there's pretty good functionality to create charts in and import to and from PowerPoint/Excel.

 

yea, we've been creating portfolios and exporting them to excel for further quantitative analysis. very cool software!

 

2117-2120 could be a place where the ES finally decides to slow down.