Stock Market Talk

Silver should be good the last few months of the year Gains on the weekly calls today were over 1000%

I think Facebook just went into Bull mode and I believe it started on Monday.

Check out call option volume on the weekly for this week.

Originally Posted by Chris90

Yeah, I agree, we had quite a reversal on Tues around 1420.

I think there's very little volume driving these QE-based rallies - the bulk of investors are not convinced this is anything but a temporary Fed-driven rally.

Finally crossed 1420. 1500 would be the next stop?

Originally Posted by stylinexpat

I think Facebook just went into Bull mode and I believe it started on Monday.

Check out call option volume on the weekly for this week.

I'm wrong on FB, underestimated the insider-selling pressure. On the other hand, LNKD looks incredibly expensive but still going strong.

Originally Posted by stylinexpat

Silver should be good the last few months of the year Gains on the weekly calls today were over 1000%

Indeed

Originally Posted by Griffoun

Finally crossed 1420. 1500 would be the next stop?



I'm wrong on FB, underestimated the insider-selling pressure. On the other hand, LNKD looks incredibly expensive but still going strong.



Indeed

Silver looks safe and good to buy on pullbacks. Facebook looks like a good gamble here for a dead cat bounce. Very short term on Facebook I sea bounce before more shares get freed up. Most likely they will pump stock to raise stock price before the next set of shares get released for another dump lol..

BAC cooking today. Call volume for $8,$8.5 and $9 are really active today. Someone is on a shopping spree today buying up shares and calls

http://www.google.com/finance/option...KDjE8T3kAWS2AE

BAC pop as expected and Silver gaining after last small drop. Silver in bull mode now. Both banks and commodities like Silver and Gold love QE3

nice calls.. im watching amd aright now I bought it earlier in the day but sold my shares when it dipped below yesterdays lows

Originally Posted by vladd07

nice calls.. im watching amd aright now I bought it earlier in the day but sold my shares when it dipped below yesterdays lows

I played AMD a while back ago and lost money on that stock. Not an easy one to make money off of (at least for me). One I also like now after the last huge sell off is MCP. Ones I currently trade often are SLV,BAC,AAPL,BAC and SPY.

So far SLV,BAC and AAPL all have been good to buy on the dips. SLV and BAC have been paying nicely for weekly call options being bought on Thursday that expire on Friday.

Originally Posted by vladd07

nice calls.. im watching amd aright now I bought it earlier in the day but sold my shares when it dipped below yesterdays lows

AMD is a dying company until it makes significant technology shift.

INTC Is far from dying, but it should also reinvent itself quickly to keep itself relevant in the post-PC era.

For big name in chip sector, stick with QCOM.

Originally Posted by Griffoun

AMD is a dying company until it makes significant technology shift.

INTC Is far from dying, but it should also reinvent itself quickly to keep itself relevant in the post-PC era.

For big name in chip sector, stick with QCOM.

Yeah, QCOM is in better shoes these days compared to AMD.

Here comes QE3 which is great for Silver,Gold,Oil and Banks

http://www.bloomberg.com/news/2012-0...e-to-2015.html


Could explain this pop yesterday for BAC. Was expecting BAC to go up as I had mentioned before.


We should see some nice Silver gains during this last quarter of the year as well. MCP is one I am keeping an eye on as well and buying on dips.

Originally Posted by stylinexpat

Here comes QE3 which is great for Silver,Gold,Oil and Banks

http://www.bloomberg.com/news/2012-0...e-to-2015.html


Could explain this pop yesterday for BAC. Was expecting BAC to go up as I had mentioned before.


We should see some nice Silver gains during this last quarter of the year as well. MCP is one I am keeping an eye on as well and buying on dips.

In general the market's turning bullish, probably it's due to QE in Europe coming soon.

oh no, QE3 is here...

Originally Posted by Griffoun

oh no, QE3 is here...

We should demand that the actual, physical, size of the dollar bills would be reduced proportionally...

Originally Posted by MatWiz

We should demand that the actual, physical, size of the dollar bills would be reduced proportionally...

Tell me about it....

Now I regret not selling everything else and buy SLV earlier...

actually it's better to buy ELLI than SLV.

Silver and BAC gained as expected

$9.50 BAC options gains were sick though

BAC and MCP winning lotto numbers today

Originally Posted by Griffoun

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.

Quoting my post from July after Sprint's earning call.

It closed at 5.22 yesterday, and traded as low as 5.14 earlier this morning. In the past hour money started pouring in and now it's up almost 8%! Dan Hesse is speaking at Goldman Sachs Communacopia Conference, I bet this comment must have something to do with it. It's trading at 5.59 now as was as high as 5.63.

The cup and handle pattern didn't fully materialize. nevertheless there's been a month of consolidation since August. The high on 8/15 was 5.49, will see if it can closes above $5.5 today. If it managed to top $5.75 which was the high in July 2011, it can go higher from there.

Edited: 30 minutes left in trading, now up over 9%. Guess the big firms want it to test 5.75 today

PCS is up 5%+ at this point on 2x avg vol, while LEAP doesn't move much, it's quite clear which company the market wants Sprint to pair up with.

Edited again... closed at 5.56, that's all I wanted. Options expiration this Friday should be exciting the rest of this week, but at this point all signs point to S can't take out $6.

Originally Posted by Griffoun

Quoting my post from July after Sprint's earning call.

It closed at 5.22 yesterday, and traded as low as 5.14 earlier this morning. In the past hour money started pouring in and now it's up almost 8%! Dan Hesse is speaking at Goldman Sachs Communacopia Conference, I bet this comment must have something to do with it. It's trading at 5.59 now as was as high as 5.63.

The cup and handle pattern didn't fully materialize. nevertheless there's been a month of consolidation since August. The high on 8/15 was 5.49, will see if it can closes above $5.5 today. If it managed to top $5.75 which was the high in July 2011, it can go higher from there.

Edited: 30 minutes left in trading, now up over 9%. Guess the big firms want it to test 5.75 today

PCS is up 5%+ at this point on 2x avg vol, while LEAP doesn't move much, it's quite clear which company the market wants Sprint to pair up with.

Edited again... closed at 5.56, that's all I wanted. Options expiration this Friday should be exciting the rest of this week, but at this point all signs point to S can't take out $6.

When I looked at the September $9.50 call options earlier on today at $.04 they looked very cheap and undervalued. Sure enough they were as they shot up to close at $.14 nice run for sprint today.

Originally Posted by stylinexpat

When I looked at the September $9.50 call options earlier on today at $.04 they looked very cheap and undervalued. Sure enough they were as they shot up to close at $.14 nice run for sprint today.

Crazy activity on them $9.50 calls that expire today. Yesterday they went back down to $.04 and today they are back at $.15 now up $.11 or at least triple of what they were yesterday so basically $10K yesterday would be over $30K today

http://www.google.com/finance/option...UPDLIMi2kAWXTQ

It seems T-Mobile is closed to buying MetroPCS... Sprint is tanking...

Originally Posted by Griffoun

It seems T-Mobile is closed to buying MetroPCS... Sprint is tanking...

Sprint should bounce back after it bottoms out. Should be good to buy once it finishes bottoming out. MCP should be good too.

Originally Posted by stylinexpat

Sprint should bounce back after it bottoms out. Should be good to buy once it finishes bottoming out.

Very interesting price action on PCS, LEAP and S today.

LEAP falls back to the ground, losing more than it gained yesterday.
PCS down 8%, possibly because it's not getting as much money investors are hoping for.
S lost 1% at the beginning, but now up 4%.

Separately DISH is up as well, and DISH has always been wanting to get into the wireless market.

So that means investors don't see S buying LEAP, and S could be the one being acquired.

Even combining PCS, S and T-Mobile, it's still smaller than VZ and T. But if T-Mobile and S were to merge, DISH simply can't afford it. Also it does't make sense for DISH to buy LEAP given the small presence and concentration in 2nd tier markets.

Originally Posted by Griffoun

Very interesting price action on PCS, LEAP and S today.

LEAP falls back to the ground, losing more than it gained yesterday.
PCS down 8%, possibly because it's not getting as much money investors are hoping for.
S lost 1% at the beginning, but now up 4%.

Separately DISH is up as well, and DISH has always been wanting to get into the wireless market.

So that means investors don't see S buying LEAP, and S could be the one being acquired.

Even combining PCS, S and T-Mobile, it's still smaller than VZ and T. But if T-Mobile and S were to merge, DISH simply can't afford it. Also it does't make sense for DISH to buy LEAP given the small presence and concentration in 2nd tier markets.

Sprint and BAC easy money on pullbacks. Call options amost always double. Weekly 9.50 BAC calls were .02-.03 2-3 days ago. Hit $.14 earlier on today before pulling back. $5 Sprint calls also doubled today.

Originally Posted by stylinexpat

Sprint and BAC easy money on pullbacks. Call options amost always double. Weekly 9.50 BAC calls were .02-.03 2-3 days ago. Hit $.14 earlier on today before pulling back. $5 Sprint calls also doubled today.

If you have extra to bet, try your luck on PCS.

I'm not gonna tell you to buy put or call... you decide if S is going to make a move.

If S didn't, PCS would tank back to $11, otherwise it could see at least $15.