Stock Market Talk

Originally Posted by beewang

OK.. Nevermind.. I had forgotten the types I am dealing w/ at this forum... Please proceed as you were...

will do, thanks for the drive-by with your intellectual superiority Super Soaker.

Originally Posted by Griffoun

So how long do you plan to hold the short for?

S' chart looks good, it's up today and the market's down, today's volume is also decent. As long as the market's not too bad, I think it can see 3.75 before the next earning release (7/30).

Originally Posted by Griffoun

Hit a slight bump on news with Ericsson, but has now fully recovered, and then some, now trading at 3.40 with above average volume.

HG, the only way you're going to win will be a major disappointment in Sprint's earning 3 weeks away. Now that S has a well-defined timeline on iDen shutdown, hopefully investors will overlook the loss on iDen side and focus on revenue, prepaid and postpaid add. I expect S to sell on the news if it meets, but not by much.

My FB's pretty much gone, but made up by gain in S.

I did say 3.75 before earning, didn't I? We're almost there now, 3.71 for today's high so far

Next week is going to be interesting.

Your favorite market ticker guy is bullish on Sprint...hey, I thought he's a bear on everything?

So HGilmore, cover your Sprint shorts already, and Chris90, just to give you some idea where you can long on something

Karl Denninger on Sprint:

Rather long and liking it.

Originally Posted by Griffoun

So HGilmore, cover your Sprint shorts already, and Chris90, just to give you some idea where you can long on something

What do you mean, I'm long on quite a few short ETFs.

Yesterday's market action was entertaining.

Market rallies expecting hint of QE3 from Bernanke's speech.

No hint, so market tanks, then in an hour, rallies even higher because of hopes of QE3 despite no hint from Bernanke.

Originally Posted by Griffoun

Finally CMG imploded... dropping 40+ in 2 days, now trading at 200MA.

Damn it, I could have made my money back with the crash today

Finally AAPL missed but only dropped 5% after market. Thankfully its P/E was quite reasonable before the drop, but still Tim Cook has some explanation to do, whether it's macro or company-specific.

I won't be surprised it's going to be more aggressive on patent lawsuits going forward.

APPL ===> RIMM 2007

Nexus 7 is destroying the ipad's margin.

If you aren't aware of the Nexus 7 fever... then you are dumber than stump

Originally Posted by beewang

APPL ===> RIMM 2007

Nexus 7 is destroying the ipad's margin.

If you aren't aware of the Nexus 7 fever... then you are dumber than stump

Saw one at work, it's impressive, but will probably mostly appeal to non-Apple fans. Apple fans are rather immune to alternatives.

Looks like the rally is over, Apple will be the last straw. The invisible hand is strong though, waltzes in every afternoon to drive the market back up.

No one is buying new iPhones now as most customers are waiting for the new iPhone 5. Was expected to hit sales numbers and profits a bit this quarter. Last month or two many in Taiwan and Hong-Kong have been buying the new Samsung Note and Galaxy S3 along with some other HTC products. 4th quarter earnings should be great for Apple.

I have a customer that works at the Venetian in Macau and she said they were down about 20% which means 2nd quarter earnings numbers from LVS will be lower. I am wondering if the price is already priced in or not though as it has dropped already from around 60 to under 40 now.

Bloody day for Netflix today.

Originally Posted by Chris90

The invisible hand is strong though, waltzes in every afternoon to drive the market back up.

I'll just bump this every day, since it's true every day.

Originally Posted by Chris90

I'll just bump this every day, since it's true every day.

It IS true and it is happening every day that the market is going down. Remember my post that the invisible hand got cramps? Then, they started the lifting right from the start and then lost stamina toward the end of the day.

Originally Posted by MatWiz

The invisible hand got cramps two days in a row. Must be too heavy of a lifting. Maybe it is developing a carpal tunnel from those repeated motions.

Now they learned their lesson. They let the market go and then if needed, they give it a "helping hand" by the end of the day, to finish the day on a positive note.

It's so obvious...

Originally Posted by MatWiz

It IS true and it is happening every day that the market is going down. Remember my post that the invisible hand got cramps? Then, they started the lifting right from the start and then lost stamina toward the end of the day.



Now they learned their lesson. They let the market go and then if needed, they give it a "helping hand" by the end of the day, to finish the day on a positive note.

It's so obvious...

When I saw the DPWFutures up over 120 points with most stocks flat,down and a few stocks up I knew that the invisible hand was up quite early today. It was obvious today from the minute futures spiked and people selling at opening bell that the invisible hand was at it. You could also tell by looking at the SPY call and put options.

Originally Posted by stylinexpat

Bloody day for Netflix today.

I smell lawsuit for Mr Hastings' comment about 1B hrs streamed a couple weeks ago. He almost tricked me into buying calls, LOL!

Originally Posted by stylinexpat

No one is buying new iPhones now as most customers are waiting for the new iPhone 5. Was expected to hit sales numbers and profits a bit this quarter. Last month or two many in Taiwan and Hong-Kong have been buying the new Samsung Note and Galaxy S3 along with some other HTC products. 4th quarter earnings should be great for Apple.

I have a customer that works at the Venetian in Macau and she said they were down about 20% which means 2nd quarter earnings numbers from LVS will be lower. I am wondering if the price is already priced in or not though as it has dropped already from around 60 to under 40 now.

My source was pretty accurate on LVS (venetian in Macau).

http://www.google.com/finance?q=lvs

Originally Posted by MatWiz

It IS true and it is happening every day that the market is going down. Remember my post that the invisible hand got cramps? Then, they started the lifting right from the start and then lost stamina toward the end of the day.

Now they learned their lesson. They let the market go and then if needed, they give it a "helping hand" by the end of the day, to finish the day on a positive note.

It's so obvious...

Yeah, there's so much at stake, and so much big money that is long. When we get near these support levels, the big money moves in huge to prop it up. I think it will fail though, the global economy is fading fast.

Originally Posted by Chris90

Yeah, there's so much at stake, and so much big money that is long. When we get near these support levels, the big money moves in huge to prop it up. I think it will fail though, the global economy is fading fast.

We really are due for a Bloodbath on Wall Street. If it were not for all those constant interventions it would have happened long ago.

Originally Posted by Griffoun

My FB's pretty much gone, but made up by gain in S.

I did say 3.75 before earning, didn't I? We're almost there now, 3.71 for today's high so far

Next week is going to be interesting.

Sprint: $4, here we come!!!

Originally Posted by stylinexpat

We really are due for a Bloodbath on Wall Street. If it were not for all those constant interventions it would have happened long ago.

Speaking of interventions, the head of the ECB just said "we'll do whatever it takes" - yet more words from Europe worth exactly diddly squat, yet worth 150 points on the stock market futures.

Originally Posted by stylinexpat

My source was pretty accurate on LVS (venetian in Macau).

http://www.google.com/finance?q=lvs

What did your source say? It has been trending down from 60 to mid 30s. Finally the Chinese have lost enough at Macau?

SLV seems to have pretty good support around 26 which dated back all the way to Jan 2011. If it couldn't hold, it could drop all the way to the teens.

Originally Posted by Chris90

Speaking of interventions, the head of the ECB just said "we'll do whatever it takes" - yet more words from Europe worth exactly diddly squat, yet worth 150 points on the stock market futures.

Mother of all hands today lol..

Originally Posted by Griffoun

What did your source say? It has been trending down from 60 to mid 30s. Finally the Chinese have lost enough at Macau?

SLV seems to have pretty good support around 26 which dated back all the way to Jan 2011. If it couldn't hold, it could drop all the way to the teens.

Said revenue was down about 20% over the last few months.

S is up to $4 now on 4x the average daily volume and there's still half day to trade!

PCS (Metro PCS) up 40% today, holy cow! Shorts are getting killed there!

Reading Sprint's earning call transcript, I'd say there will be rumor of S acquiring PCS in late 2013 or 2014 assuming it continues to gain traction on NV and subscriber gain for the rest of the year, reasons being (1) Dan H has finally gained creditably from the board to turn the company around after being denied the idea earlier this year, (2) Sprint is running out of specturm by 2015 excluding CLWR's low-quality 2.5Ghz, and (3) Sprint will be done with Network Vision, and ready to merge with another CDMA and LTE carrier, and most importantly, (4) Dans' statement from the call that it wants to see consolidation in the industry.

$5.5 isn't that far fetched at this point.

Don't fcuk with Dan Hesse Time to long and hold S if you haven't done so. This one will pay and pay and pay...

http://finance.yahoo.com/video/crame...142800648.html

Originally Posted by Chris90

Speaking of interventions, the head of the ECB just said "we'll do whatever it takes" - yet more words from Europe worth exactly diddly squat, yet worth 150 points on the stock market futures.

Resistance is futile... Euro currency collapse is imminent...