I don't need to post my trades douchebag. the fact I've been trading options for 8 years says enough to MYSELF. not too many people can just trade as their only source of income. that is all.
I don't get you guys. Why is this a pee-pee contest for so many of yall? At one point, this was a thread to share trading ideas. Some will be good, some will be bad. Grown-ups should be able to discuss thoughts around valuation without getting too worked up. If there is a valid critique, it should be considered. If there is a stupid critique, it should be easy to shoot down. While eddie's schtick is annoying, he is posting his ideas. Some have been impressive. Others have been dogs. That's ok - that's why people have portfolios. Robbie's posting have been informative. Hell, he has even given tips to people that have been jerks to protect downside on risky trades. Others have given interesting overall market insight. It's informative and educational...and frankly another viewpoint to factor into your own analysis. Share ideas, discuss like grown-ups or just go away. This isn't a yahoo board.
I made a ton of money on Twitter stock this week, still can't believe it's jumped over 20% since Monday. How long should I hold on to it ?
Nice hold. I was trying to get long TWTR but that flush below 40 got me out a couple weeks ago. I'm a bit torn on this trade. My instinct would be to look to be very tight with the trade and look to sell for almost any reason. If it gaps higher in the morning I would certainly take some profits. That said we are in December and things can get crazy sometimes. What price did you buy the stock at? I would not look to hold this stock thru earnings no matter what. I'm actually not sure when they are having earnings.
I bought TWTR right after the IPO price stabilized, so basically $40. FB is also showing some legs this week up 6%. Chinese stocks SINA and BIDU are also on the move. Maybe social media is just in style this month, and not part of a long term trend. But I would suspect the rally in social media stocks might be tied to something.
http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12 Saw this story and thought it was pretty interesting.
I agree with Robbie. I think it had a December pump because managers were looking to lock in gains for the end of the year. a $14 move up is strong for 7 days trading. problem is it's new and doesn't have any history to base judgement on. on a day when only fb NFLX and twtr are in the green and overall market down you may want to cap some gains. it's hard to sell at the exact high for any uptrend
TNXP down 13% on just 287k volume, slightly above average. I'm sure you could make a lot of money on a stock like this but it just seems to volatile for me. Thought it was supposed to pop on the after hours announcement?
Robbie is right the markets have not even reached pre 2009 levels yet if you adjust for inflation. I mean of course it could crash anytime if anything goes awry. But at least the stock market hasnt reached 2009 numbers yet. Look at this chart its interesting. When you have more people investing in the stock markets aka the laymen, thats when you have bubbles as they are only investing on whats hot. This creates a self perpetuating problem as they don't do any research at all. If this chart starts flipping thats when I think we should be worried, but other then that I think stocks in general will be going up for a while.
Robbie - I made a position in fslr at 54.65 area to start. spx is at a five day low here roundabouts. missed pxd in the 175 area. will watch.
ignorance is bliss, how is TNXP a pump and dump? The price decline is due to the stock being up 100% in 2 weeks and lots of weak hands selling for a huge profit. You gotta remember the seeking alpha crowd is typically bums ie they trade 75-100 shares, use "market" buys, etc so with a small cap like this they create a lot of volatility, but it works both ways bc they too drove the price up The reality is its a fantastic company, with great leadership, and more importantly a great board of directors who have led reformulations before that have been resold in the billions, multiple times. At a $40M market cap with a drug that just passed phase 1 with flying colors, and considering that is an already existing drug, phase 2 and subsequently phase 3 should be passed with ease The long term, 1 year outlook on the stock is probably $45-50 before any buyout. FWIW there aren't too many biotechs out there trying to release a drug thats already been approved for 30 years in a reformulated state. The oppenheimer conference was fantastic but the stock is still up nearly 100% from November 29th.....nothing to see here, just weak hand selling
here are some comments from the recent seeking alpha piece on TNXP So guy 1 has a $700 position and guy 2 the bigshot has a $1200 position.....the whole stock is afloat with those kinds of garbage traders who get pumped up over a $200 gain and sell.....at market just wait.....we'll see what this does long term..
I think he was talking in general. small sompanies with low float are easy to manipulate. anyhow the way the market was today, I dont see how anything is in the green
Its pretty jacked you are faulting people who are investing with whatever risk they are willing to take on. everyone has a different tolerance for risk.
