“Other” stocks

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    Posted: 26 January 2011 10:22 AM

    Why not..  we already litter up the commentary with other threads with ‘other’ stock posts…

    we should have a dedicated thread for this..  I’m sure many of us would agree.

    I will start the hustle with a quick ‘look out’ on the Rails..

    particularily.. 

    CSX.. closed Tuesday @ 70.25 All-Time High 70.70

    KSU closed Tuesday @47.29   All-Time High 55.90

    NSC closed Tuesday @ 62.92   All-Time High 75.53

    UNP closed Tuesday @ 93.02   All-Time High 99.49


    I’m looking for a little Choo-Choo…  with the Choo-Choo’s

    they are going to break sooner or later…  and when they do, for those that like the Option game.. I would assume this is a rather quick and painless double or so..  *-just don’t get too greedy

    EDIT: There was some nice love for CSX on CNBC on the open

    EDIT #2: I changed CSX’s all time high to 70.70.. sorry..  that was a typo. I had it at 55.90.  It made a new alltime high today.. lets see if it closes on one, as well as lets look for high volumes (obviously)

    [ Edited: 10 September 2012 08:04 PM by lovemyipad ]      
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    Posted: 26 January 2011 11:28 AM #1

    I bought some Feb 67.5’s right now..  80 delta..  $4.40 each

    I like to wait until the end of the first day to buy the contracts on a break out..  but this is a gamble that it will close on the these new highs.

    If you look at how it sold off this morning a little..  from (for the most part) the alltime high..  I look at that as a bottom..  I think we’re good to go here..

    CHOO-CHOO!!!


    EDIT: The best thing about these types of plays are that you can set a 10% stop on it..  or whatever you feel comfortable with.. and your good to go..

    hopefully i’m not wrong on this

         
  • Posted: 27 January 2011 02:45 PM #2

    Purchased bp Feb$40 weekly options today.  Looking for a bump up after earnings and hope there is dividend reinstatement announcement.

         
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    Posted: 27 January 2011 04:16 PM #3

    grin Sandisk reports after the Bell. I have owned this flash memory designer for several years. Currently long March 55 calls….expecting a VERY strong report tonight and there could be some hints in the conference call about further SSD deployment by major manufacturers.

    Flash is king….

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    AAPL: to boldly go where no stock has gone before

         
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    Posted: 27 January 2011 06:04 PM #4

    Red shirted ensign - 27 January 2011 08:16 PM

    grin Sandisk reports after the Bell. I have owned this flash memory designer for several years. Currently long March 55 calls….expecting a VERY strong report tonight and there could be some hints in the conference call about further SSD deployment by major manufacturers.

    Flash is king….

    I’m going to be listening to that call..  I just put that stock on my radar a little while ago.  I need to grab the last annual report and read that too.. 

    Good luck on it


    EDIT:  this copy & past is from Rueters..  this crap is also why i hate playing stocks on earnings.  I don’t mind holding long term crap through them..  but not trading.  I’m just not that good yet, plus it’s such a gamble anyway.. ONE little thing can throw everything off and potentially lose thousands of dollars..  **** that.

    for those that don’t know the issue was a slight contraction in the margins

    ——- rueters————————-

    The company on Thursday reported net income for the fourth quarter, ended Jan. 2, of $485.5 million, or $2.01 a share, up from $339.5 million, or $1.45 cents a share, in the year-ago period.

    Excluding items, SanDisk earned $1.27 a share, above the average Wall Street estimate of $1.09 a share, according to Thomson Reuters I/B/E/S.

    Revenue rose 7 percent to $1.33 billion, versus Wall Street’s estimate of $1.31 billion.

    ——————————————————-

    [ Edited: 27 January 2011 06:10 PM by blaze biscuits ]      
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    Posted: 27 January 2011 06:08 PM #5

    NEW YORK (TheStreet)—Flash memory specialist SanDisk(SNDK_) topped Wall Street’s estimates with its fourth-quarter results, boosted by strength in Asia and its mobile business.

    More on SNDK
    News Corp. to Launch ‘The Daily’ on Feb. 2Microsoft Needs to Be Mouthy on MobileAT&T Guides Below Street, Stock Dips
    Market Activity
    Apple Incorporated| AAPL
    DOWN
    SanDisk Corporation| SNDK
    UP
    SanDisk reported revenue of $1.33 billion after market close on Thursday, up 7% on the same period last year, and above Wall Street’s forecast of $1.31 billion. Excluding items, SanDisk earned $1.27 a share, compared to $1.18 a share in the prior year’s quarter. Analysts surveyed by Thomson Reuters had predicted earnings of $1.09 a share.

    Stock is off 1.5 % after hours.  PE is about 10.5.  Looks cheap.

    http://www.thestreet.com/_yahoo/story/10988062/1/sandisk-beats-boosted-by-mobile.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

         
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    Posted: 27 January 2011 06:12 PM #6

    alice - 27 January 2011 06:45 PM

    Purchased bp Feb$40 weekly options today.  Looking for a bump up after earnings and hope there is dividend reinstatement announcement.

    right on..  I was looking at the leaps yesterday..  I actually would like to own the stock again.  I sold mine when all that crap happened last year. 

    I wanted to grap one of the jan 12 30 strikes..  just to lock in the share price right now.  there wasn’t much extrinsic at all on the 30’s, from what I recall.  not yesterday at least.

         
  • Posted: 27 January 2011 06:25 PM #7

    blaze biscuits - 27 January 2011 10:12 PM
    alice - 27 January 2011 06:45 PM

    Purchased bp Feb$40 weekly options today.  Looking for a bump up after earnings and hope there is dividend reinstatement announcement.

    right on..  I was looking at the leaps yesterday..  I actually would like to own the stock again.  I sold mine when all that crap happened last year. 

    I wanted to grap one of the jan 12 30 strikes..  just to lock in the share price right now.  there wasn’t much extrinsic at all on the 30’s, from what I recall.  not yesterday at least.

    bb:  The bp weekly options are fairly priced.  The strike price+Feb$40 equals not much more than stock price.  I figured I wouldn’t mind owning the shares any how.

         
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    Posted: 27 January 2011 06:28 PM #8

    alice - 27 January 2011 10:25 PM
    blaze biscuits - 27 January 2011 10:12 PM
    alice - 27 January 2011 06:45 PM

    Purchased bp Feb$40 weekly options today.  Looking for a bump up after earnings and hope there is dividend reinstatement announcement.

    right on..  I was looking at the leaps yesterday..  I actually would like to own the stock again.  I sold mine when all that crap happened last year. 

    I wanted to grap one of the jan 12 30 strikes..  just to lock in the share price right now.  there wasn’t much extrinsic at all on the 30’s, from what I recall.  not yesterday at least.

    bb:  The bp weekly options are fairly priced.  The strike price+Feb$40 equals not much more than stock price.  I figured I wouldn’t mind owning the shares any how.

    yeah..  well if your going to exercise then that’s an awesome trade.  You can always sell the contract for a fat pop or worse case scenario is you get the shares at about the same price you would of gotten 100 for when you bought the contract.

    As long as you had no problem buying them and they ‘fit’ into your portfolio..  that’s a great trade

    do they report today?

         
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    Posted: 27 January 2011 06:29 PM #9

    Amazon just **** all over itself..

    how do you get a 36% increase in sales but your stock goes down 10%.. 

    another example of why i don’t play earnings intentionally

         
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    Posted: 27 January 2011 06:32 PM #10

    blaze biscuits - 27 January 2011 10:29 PM

    Amazon just **** all over itself..

    how do you get a 36% increase in sales but your stock goes down 10%.. 

    another example of why i don’t play earnings intentionally

    The carpet did not match the curtains. :-D

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    Adversity does not just build character, it reveals it.

         
  • Posted: 27 January 2011 06:45 PM #11

    Here is my biggest screw up to date in 2011.  I have been watching / studying TSCO for about 2 months now.  I should have bought last week when was comfortable with the stock.  9% pop today and I missed it :-(

         
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    Posted: 27 January 2011 06:52 PM #12

    I’m glad all you guys are posting on here…  I got a little worried yesterday when no one posted at all..

    I think this would be great for those of us that actively trade other stocks..

    I like trading ideas back and forth..  and philosophies, etc.. 

    lets keep it going..  I defintely will.

    and on THAT note..  I have been watching ROK today..  they blazed (no pun intended) up a 100% beat on their profits this quarter..  It gapped it into an alltime high (my playground) and It did well today except falling back in the after market a little bit.

    When stocks gap up fat like that.. and they gap into an alltime high..  I honestly haven’t watched those scenarios play out.. that’s why I didn’t buy any today.  although when I was at school and checked it it marched up a fat 3 1/2 points or so and I sure wish I did buy it..

    on another note..  the CSX I bought yesterday has not been stopped out yet..  2nd day in a row that it has closed above it’s all time high although something doesn’t feel right with this.  It closed a dime down from the the close yesterday..

    Any thoughts on the rails and any of the major economic spiderwebs that are attached to it?

    EDIT:  I took out “TWICE as much as WS forecasted” because I need to double check that..  I think I got this confused with something else.  Sorry about that guys

    [ Edited: 27 January 2011 07:10 PM by blaze biscuits ]      
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    Posted: 27 January 2011 07:06 PM #13

    bilter2000 - 27 January 2011 10:45 PM

    Here is my biggest screw up to date in 2011.  I have been watching / studying TSCO for about 2 months now.  I should have bought last week when was comfortable with the stock.  9% pop today and I missed it :-(

    it’s all good..  don’t beat yourself up too much..

    Its now on my scope..  what was the catalyst for the pop?

         
  • Posted: 27 January 2011 07:09 PM #14

    blaze biscuits - 27 January 2011 11:06 PM
    bilter2000 - 27 January 2011 10:45 PM

    Here is my biggest screw up to date in 2011.  I have been watching / studying TSCO for about 2 months now.  I should have bought last week when was comfortable with the stock.  9% pop today and I missed it :-(

    it’s all good..  don’t beat yourself up too much..

    Its now on my scope..  what was the catalyst for the pop?

    As near as I can tell it was simply an analyst upgrade to the price target…..  Too bad aapl does not respond the same way to upgrades…..

         
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    Posted: 27 January 2011 07:11 PM #15

    bilter2000 - 27 January 2011 11:09 PM

    As near as I can tell it was simply an analyst upgrade to the price target…..  Too bad aapl does not respond the same way to upgrades…..

    when is their earnings/Conf. Call?

    oops..  I assumed that that was what the guidance was from.  I was incorrect, this was just updated guidance.  Their call is not until Feb I believe. I should of realized that from prior experience.  They are on that Best Die, I mean Buy, ‘schedule’.

    [ Edited: 10 January 2012 02:32 PM by blaze biscuits ]