Comment by phil

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phil
March 27th, 2014 at 2:11 pm

By the way, next Tuesday my plan is to do an entire Futures Trading Workshop at 1pm (see post above).  

Panasonic/Shadow – What exactly would be Panasonic's goal?  The World's largest battery maker would partner with TSLA to teach them how to make batteries in America so they can compete with Panasonic?  Why doesn't Panasonic save time and just give TSLA half their money from now on?   

TSLA/Wombat – Are you sure that's what you want to do?  Now you are playing bullish and you want to hedge your bullish play in case TSLA is not as strong as you think?  Doesn't sound at all like what you originally intended to be doing….  Earnings are coming and, if they miss and fall hard, are you going to double down and roll and make long TSLA a significant position in your portfolio for the long haul?  

Good list of things to watch, Shadow. 

LULU/Jbur – Nice job selling into the excitement.  

GSK/Wombat – Quick recall limits downside exposure and cost of recall now known and they already fel from $56 to $53 (5%) on the rumors.  It's a $130Bn company that makes $9Bn a year and it wasn't something they did wrong in the first place.  In fact, done properly, they get a million people to throw their current batch in the trash (most people can't be bothered to do a recall) and buy new ones.   Think of what you'd do with a prescription you had that was half full if you heard something worrisome about it….

SCO/$25KP, Rookie – We do not have a current SCO position in there.  In the STP, we had an April $30/34 bull call spread that we closed on 3/12, when SCO flew up to $31 as the 50 dma was right about there and we expected rejection.  We re-entered on the 19th in the STP, but that had nothing to do with the $25KP but I did miss logging it so thanks for reminding me.   

SCO/STP – I think we should buy back the 10 April $32 calls for .10 as they aren't doing us any good and, if SCO bounces back, uncovering our long $29s will allow us to sell into a rally.  

SLW/Rookie – It was $27 last week and now it's $22 but there's another 42 weeks until Jan and the net $2.50 spread we took 2 weeks ago (12th) is now net $2.18.  What exactly is the urgent issue you see with this trade? 



SQBK/Ging – They are a subsidiary of SIVB, who I used to like back when they crashed to $20.  Now they are at $120 and we foolishly lost interest at $60.  As to SQBK, it's been a long time since I looked but it's kind of expensive-looking for a bank IPO, with a p/e of 21+.  Since I assume SIVB didn't give away the good stuff, it's not something I'd be interested in – even though SIVB is pulling a p/e of 26.  The pop in SQBK is likely a move towards a similar p/e to SIVB, but they're both too beaucoup for my tastes.  

$101.33 on oil again – for shame if profits aren't taken!!!   This is where they bounced last time.  

Video/Wombat – Try opening it in a new window.  

Trends/StJ – Excellent point.  Swimming against the tide is NOT how you play the Futures.