STOCK MARKET: Let's talk stocks and investing

I sold a quarter of my shares in AAPL today at 460. I bought into it when it was around 550 so I just wanted to cut some of my losses after this recent 2 day rally. Im planning to sell another quarter after/if it gets up to around 485.

 

I've been waiting. How's trading been for you?

 

Man VLO just won't stop. MRO is my next spring waiting to pop.

 

I've been doing fairly well. I'm currently tightening my stops on all long side positions and eyeballing possible short side plays should we be topping out here.

 

well i took some shots in some short related plays. bought some put spreads in fas and sold calls. front week and front month expiration.

also bought some uvxy call spreads and sold puts in the front month.

fb earnings were fun to trade.

 

what forums do y'all go to for stocks and investing may i ask? besides CF of course

 

MJNA is ON FIRE!

 

took a little slap on those trades. oh well.

 

CVS announces better than expected earnings this morning, and the stock price drops! Makes no sense!

 

I'm banking on Sodastream (SODA). Heck yeah!

 

There is usually some buried reason that may affect future earnings but I must admit that some "reasons" are pretty stupid. I had XOM one time when they announced not only better than expected earnings but record breaking profits for any company at that time. Dropped. Reason? Those results can't be sustained. Ok...1. that is just pure speculation. 2. the results were not baked in and even if it cant sustain it, it should at worst maintain... but seriously...they act like they are going to be losing money soon.

 

I've been dying to investing for a while looking for another way make few bucks besides my crappy job. Any tips where I should start? any websites, books, tips would be much appreciated. Thanks fellow CFs!!

 

they had kate upton on cnbc today

 

I missed it. I went to work out. :-(

 

Fed minutes suggest a slow down in buying assets. This has been propping up the market for a long time. I'd start looking to get out with trailing stops

 

She was on the today that day and.she was lookinging nice

 

They hinted at that in the Fed minutes I believe a couple months ago. I can't remember the exact phrasing, but they noted that they don't have unlimited buying power or something along those lines.

 

So the word on the street from the institutional traders is many are preparing for a high probability of a deep decline to start in March.

 

Never a good time to enter a market near the alltime high...with the Fed limiting the proping up the market, this makes sense...