- I think AAPL will bounce back starting a week or two before new years...and then prob climb to it's highest levels till April or so. Just comparing it to last year charts...glad I sold at 591 - SVU ended up .35 today. I sold a 5th of my SVU shares for a nice profit. Could go either way tomorrow. Hoping for a good push. - I also sold half of my FB share at a small loss and got 2900 shares of AMD for it. Not expecting a lot, but if a .15 aprox jump occurs will sell. - NOK exploded today again, plus .44, I told you guys...to bad I haven't stuck to it from when I traded it in the first place
Nice calls. Yeah I am hoping AAPL has another blowout crash day. I made some really really good money on that bounce. Only thing I am in pretty heavy right now is RGR. Long 375 Dec 50.50 puts and short 75 Dec 55.50 calls. Company issued a special div of 4.50. Stock rallied about 10 bucks after the div was announced. The stock is also 40+% short. After the stock rallied insiders started dumping shares prior to the div getting paid out. Also, the div record date was 2 days before the Smith and Wesson earnings which come out tomorrow. I guess we will see what happens with SWHC earnings, but all of these events together add up to something fishy. I think SWHC would need to have blowout earnings to hold up RGR due to post div selling.
i made some nice change with HAL after the Deepwater explosion. now both RIG and HAL are barely at pre-Deepwater level and have been stagnant the last year.
on the call its just the premium i sold. 1.30 x 7500 on the puts its how ever low this thing can go. my avg price in the puts kind of sucked at around 1.75. so it's basically 37500 x the value of the put
Man it's been awhile since the Fed has actually announced something important, but this news of an unemployment target of 6.5% is pretty big imo. If we get a fiscal cliff deal soon then this market will continue to the upside. Also, it was interesting news today with Bershire announcing they would buy their stock up to 120% of book value and that they had repurchased 1.2 billion in stock from a long time shareholder.
Also, I think this Fed news is interesting because it is a negative for companies such as an AAPL due to their massive cash position. That cash position amounts to a negative earner due to the minimal interest it is earning and rate of inflation. It was interesting to note in Barron's over the weekend they stated that this past 3 year period was worse than the worst period in the 1970's for holding cash. If you had cash in a bank these past 3 years your real return was around -6.5%. Kind of crappy to save money yet be losing.
The whole point was to push the companies to invest and not hold cash, on the other hand companies wouldn't invest because of the steps the Fed is taking. Oh the irony.
I would say that Obama has a huge play what the Fed does. He picks the players, in this case Bernanke, who keeps the rates low to stimulate the economy. That is part of the uncertainty big business has been complaining about. I don't think the specific step of lowering the rate itself is the cause, but the complete package/atmosphere surrounding the Fed, congress, fiscal cliff etc..
The Fed has always changed rates up and down. The last few years have had more stability - and long-term transparency about the future of rates - than any point in modern Fed history. What this Fed has done is the exact opposite of creating uncertainty.
The Fed can't control what Congress and the President can't agree on. The Fed has moved to be very transparent over the past few years. I honestly can't think of one policy the Fed has enacted that has harmed business investment. Everything they have done has created an environment for businesses and people to invest and not hold on to cash. People have known rates were going to remain low until mid-2015 for awhile. Now they know what kind of employment targets the Fed is looking for to possibly raise rates. I am currently under contract to buy a retail building to move one of our UPS Stores to. This kind of transparency has allowed me to decide the most cost effective loan product. If I didn't know the Fed was keeping rates stable for years to come then I wouldn't be able to confidently choose the floating rate loan based off the WSJ prime rate. I would instead have to consider a 5 or 10 year ARM which cost more and limit my prepayments. Point being...the Fed has not been the problem in this recovery imo.
Yea I understand, I might be unfairly combining the Fed with everyone else involved in this mess..but I got your guys' point
Randgold Resources? I don't know much about the company, but it pretty closely mirrors the gold market.
RIMM and a ton of heavily shorted stocks trying to completely blow out in December like usual. I've been long JCP and one of its preferred issues KTP from near the bottom and still holding for now. These are some of the toughest holds for me. It's very hard not to cover. I might dump some shares today. Solar companies are going bananas as well. RGR looks like it might have finally blown out after that dividend and insider selling. Interesting how RGR short interest actually increased last month. It jumped by a million shares from 42.5% short to 48.5% short lol. SAM destroyed some shorts today with increased guidance. That thing is 40% short as well. Even CZR has been able to catch a bid with rumors that online gambling regulation will be passed as a part of the fiscal cliff deal.
