RM's occasional market calls...

ADT still has 1.2 billion dollars left on their share repurchase program. Not sure when they will finish that. It seems they are moving quickly to get it done. That is giving the stock some footing and strength. Will be watching closely when the next round of purchases, and if it will be accelerated.
 
Quote from Samsara:

That's the one :)

The note about the crazy Bernanke-haters made me think of ET, every time the sp00z make a new high.

To RM's idea of aggregating the stock_trad3rs of the world as a contrarian indicator, a simple script scraping the incidence of "BUBBLE Ben Bernanke" on ET, indexed to a moving average, would probably be a quick and dirty solution.


How can any rationally minded person take Krugman seriously?
 
Quote from budcampbell:

How can any rationally minded person take Krugman seriously?

Oh, I knew no one on this board or this thread would take him seriously. Ha.

I do think he's right about this not being a bubble, and also right about the austerity/stimulus debate. Which is now being borne out in the data concerning the U.K. But I recognize he does take an unwavering ideological stance and I do question some of his positions.

But I don't agree with 95% of the people on this board anyway.
 
Quote from Samsara:

Oh, I knew no one on this board or this thread would take him seriously. Ha.

I do think he's right about this not being a bubble, and also right about the austerity/stimulus debate. Which is now being borne out in the data concerning the U.K. But I recognize he does take an unwavering ideological stance and I do question some of his positions.

But I don't agree with 95% of the people on this board anyway.

Probably a good idea.
 
5-6-2013

Quote from Rearden Metal:


So the following is NOT a market call, but rather I'd like to direct your attention to an interesting, dramatic stock with even more near term volatility practically guaranteed: TSLA. See what's going on there? Powerful bull run for the last few weeks, massive short interest at 42% of float (The 7th highest of all- http://wsj.com/mdc/public/page/2_3062-nasdaqshort-highlites.html#shortF ), ridiculous options skew due to unavailability for borrow, and earnings May 8th after the close.

I have no play in mind here, I just think something interesting is about to happen...

Does this count as "interesting"?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3799636>
 

Attachments

it is interesting indeed!! I noticed the monster short position...but unfortunately i dont have an option account...and didnt want to buy the stock directly at the time....but in hindsight damn even 55 long is great trade..

did you trade it RM?
 
Quote from Rearden Metal:

5-6-2013



Does this count as "interesting"?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3799636>
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Ha ! Yes that is!
TSLA report first profit, so then the short squeeze.
RM, if (hypothetical) you own this, will you take some profit right now? I think to take some profit is very smart. What do you think?
 
Didn't trade it, working on 'accomplishing NOT trading', which is important when you have a tendency to waste money by over-trading.

And if I had a long from $28 lower (which I don't), I'd obviously <b>not</b> continue to hold the entire position without taking anything at all off the table.
 
Quote from Rearden Metal:



And if I had a long from $28 lower (which I don't), I'd obviously <b>not</b> continue to hold the entire position without taking anything at all off the table. [/B]
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Yes. I think to take maybe half off the table to realize the profit now. Then to wait for higher (maybe), or if this go lower if losing more than 10% of gains, then sell again to realize some more of the profit.
Thank you for your opinion from your experience of trading!
 
I've always felt comfortable reducing a position in profit as it allows me to trail a stop without shrinking my physical one.

Thing is reducing shorts in lower lows and longs at higher highs is highly recommended if you are going to reduce a winning position.
 
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