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Anyone follow biotechs? Bought ARWR after earnings, sounded like their hepatitis drug could still work and the market may have overreacted to bad news earlier. Of course, this one's really risky and it looks like it could take a while for approval even if the drug does work.
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Feb 13, 2015 11:43
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While diversifying my stock portfolio I bought some Alliant Techsystems (ATK) shares on 02/04. I only did some minor research and missed that they were about to merge with Orbital Sciences Corporation (ORB), yes that's the company which recently created the world's most expensive fireworks. So today I looked into my depot and found that my ATK shares have become Orbital ATK Inc.(OA) and that I have lost 55% in value and the spinoff recording date (where shareholders would get 2 shares of ATK former sport goods branch was 2/2). Am I poo poo out of luck here ? Hammerstein fucked around with this message at 13:48 on Feb 13, 2015 |
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Feb 13, 2015 13:03
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Hammerstein posted:While diversifying my stock portfolio I bought some Alliant Techsystems (ATK) shares on 02/04. I only did some minor research and missed that they were about to merge with Orbital Sciences Corporation (ORB), yes that's the company which recently created the world's most expensive fireworks. You also received two shares of VSTO per share of ATK. Were you trying to diversify out of things you understand? I recommend REITs instead.
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Feb 13, 2015 13:56
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young posty posted:You also received two shares of VSTO per share of ATK. Were you trying to diversify out of things you understand? I recommend REITs instead. Thing is that the record date for the VSTO shares was 2/2 and stupid me bought ATK shares on 4/2, because I didn't really read up on ATK. I usually specialize in European companies here in Austria and Germany and got some nice gains from Infineon, Daimler and Raiffeisen (drat +32% for Raiffeisen Int. since monday when I bought in), I bought those ATK on a hunch, they are really outside of my expertise, and yes that was dumb. I didn't lose much, so it does not sting, but I want to figure out what happened here since it's the first time where I have to deal with a company spin-off. The way I understand the spin-off rules I won't receive any VSTO shares if I didn't own the ATK shares by 2/2 ?? Hammerstein fucked around with this message at 16:54 on Feb 13, 2015 |
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Feb 13, 2015 14:29
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My 7 shares of KING jumped 23% at open, woo!
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Feb 13, 2015 15:32
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Like a guy who walks into a casino for the first time and wins on his first spin of the slots... Good job!
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Feb 13, 2015 16:44
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Considering the earnings report, it's not out of the question that KING will continue to climb, is it? I've already made a ton on it but I don't even feel like it's time to scale out yet.
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Feb 13, 2015 20:04
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RaoulDuke12 posted:Considering the earnings report, it's not out of the question that KING will continue to climb, is it? I've already made a ton on it but I don't even feel like it's time to scale out yet. Today was the lock-up expiry (first day that insiders could sell since the IPO), so that could have been a downward pressure on the stock. Volume is really drat high, 20+ million including pre-market. 9 million shares traded the day after 3rd quarter earnings (not including pre-market). I'm guessing a lot of shorts are buying from the insiders, which is kinda funny. And no, I don't think it's out of the question. The short thesis on this company has been completely wrong. It was perceived as a "one-hit wonder" game-maker, but the reality is that as of 4th quarter 2014, less than 50% of their revenues are Candy Crush and overall revenues are right around the same. They've successfully branched out beyond their hit game. Arkane fucked around with this message at 20:19 on Feb 13, 2015 |
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Feb 13, 2015 20:17
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Foma posted:(No, you should not trust someone with a newsletter. Let your mom pick from a list of vanguard funds) That is what Buffett would do.
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Feb 13, 2015 21:18
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Noah posted:I decided to jump on VISA just long, hoping for a similar Apple run up post-split. In on ATVI calls for 18/feb 27 @ 3.06. I think Hearthstone, holiday buys, and the new expansion sub numbers are gonna beat estimates. Out of my ATVI at 5.1. Probably foolish, but after GPRO I can't complain about taking money.
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Feb 13, 2015 21:57
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Noah posted:Out of my ATVI at 5.1. Probably foolish, but after GPRO I can't complain about taking money.
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Feb 13, 2015 22:46
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Arkane posted:Today was the lock-up expiry (first day that insiders could sell since the IPO), so that could have been a downward pressure on the stock. Volume is really drat high, 20+ million including pre-market. 9 million shares traded the day after 3rd quarter earnings (not including pre-market). Great trade, congrats
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Feb 14, 2015 01:37
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I'm looking at options in a light volume stock, HOS, and the latest expiry right now is in September. Anyone have an educated guess as to when I can expect to see January expirations available?
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Feb 14, 2015 18:37
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4 months from now?
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Feb 14, 2015 18:41
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Well yeah but I don't know when the September contracts went up. They could've been up for 3 months for all I know.
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Feb 14, 2015 18:58
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Arkane posted:I'm looking at options in a light volume stock, HOS, and the latest expiry right now is in September. Anyone have an educated guess as to when I can expect to see January expirations available? I rarely find those worthwhile--you usually get killed on the bid/ask spreads.
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Feb 14, 2015 19:53
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When do I decide to profit from call options? I bought AAPL call options on the investopedia simulator with a strike price of 120 and expiry date mid March. Is it better to sell asap if I don't expect AAPL stock to rise anymore and option premiums degrade in value over time right?
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Feb 14, 2015 22:37
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So your question is whether or not you should sell your calls at the peak of their value, according to your prediction?
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Feb 14, 2015 23:33
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INFERNAL INTERNAL posted:I'm new to this thread, and just getting my feet wet with trading. DNova posted:Why would execs selling shares be a positive indicator? Elephanthead posted:Need money to make the quarterly estimated tax payment on all the bonuses they are going to get. District Selectman posted:Twitter loses money and is worth $25B. By what moon logic is the price low? Price might be low if they showed they could make $1B a year, and grow. My shares of TWTR have seen a 20.66% gain since my post and the responses quoted here. The price was hovering around $39 on January 22-23, and now it's up to about $48 after the Feb. 5 FY2014 results: https://investor.twitterinc.com/releasedetail.cfm?ReleaseID=894844 I don't have a good response to why the execs selling shares felt like a positive indicator. I'd be curious if more experienced traders might have an explanation - maybe it was a tax thing as Elephanthead suggested, or maybe it's unrelated? The big reason I went for TWTR was that the price looked low in the face of the $50-$60 price targets I've been reading about. As I mentioned before, It seems to be following the same line trend as similar stocks. I feel like YHOO isn't a good comparison, because it's kindof bloaty with so many irrelevant products (who really gives a poo poo about flickr & tumblr, and how do they make money?). TWTR on the other hand launched really far ahead of it's time with a simple, mobile focused platform, and I think it's going to continue to pay off in a huge way with targeted, worldwide advertising. I bet there will be upcoming close partnerships (multi-million $ deals) with organizations who put on major world events like FIFA, the Olympics, NBC/NFL, huge movie releases, etc., which will end becoming a big revenue driver. I think investors should take this stock seriously with the knowledge that IBM's business intelligence consulting practice is now in a partnership with TWTR: http://www.ibm.com/big-data/us/en/big-data-and-analytics/ibmandtwitter.html, and that Google will start indexing again: http://www.bloomberg.com/news/articles/2015-02-05/twitter-said-to-reach-deal-for-tweets-in-google-search-results Arguably, two of the smartest, most successful, and most innovative tech companies in the world want to be in bed with TWTR. What does that say? Anyway, I'm mostly interested in this as a tech/media geek, rather than just a profitable investment (but both are nice).
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Feb 15, 2015 00:23
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  Good to know your VP of marketing is 97 years old....
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Feb 15, 2015 00:53
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Hammerstein posted:While diversifying my stock portfolio I bought some Alliant Techsystems (ATK) shares on 02/04. I only did some minor research and missed that they were about to merge with Orbital Sciences Corporation (ORB), yes that's the company which recently created the world's most expensive fireworks. Yup basically both companies used what's called a Morris Trust to do the transfer, basically converting shares in both companies to the new company instead of buying out all common shares like in the standard system. So you had to turn in 2 ATK shares to get one new merged share. For orbital stockholders it was a good deal but ATK stock holders not so much.
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Feb 15, 2015 00:59
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Hey I've lately become more and more interested in ruining my life and day trading seems like it'll do the job. I read the OP but as far as i can tell it's 5 years old and i was wondering if anyone had any tips on a good online brokerage service with a focus on scalping. Also any suggestions on why this is a terrible idea are also welcome. Or just a link pointing me in the right direction. Thanks. *edit* I've been playing with the plus500 demo trading platform for a few days which caught my interest but from what i've read about them it doesn't seem like a good idea to give them any of my money if i want to see it again. Killstick fucked around with this message at 04:04 on Feb 15, 2015 |
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Feb 15, 2015 03:32
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Use IB if you want a dumb overly complicated method to affordably lose money gambling on options. Highly recommended
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Feb 15, 2015 04:43
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INFERNAL INTERNAL posted:My shares of TWTR have seen a 20.66% gain since my post and the responses quoted here. The price was hovering around $39 on January 22-23, and now it's up to about $48 after the Feb. 5 FY2014 results: https://investor.twitterinc.com/releasedetail.cfm?ReleaseID=894844 As a former TWTR owner, you should realize your 20% gain and wait a few more weeks until you can ride the roller coaster again.
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Feb 15, 2015 08:33
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INFERNAL INTERNAL posted:My shares of TWTR have seen a 20.66% gain since my post and the responses quoted here. The price was hovering around $39 on January 22-23, and now it's up to about $48 after the Feb. 5 FY2014 results: https://investor.twitterinc.com/releasedetail.cfm?ReleaseID=894844 To summarize - invest in TWTR because it feels right. Follow your heart.
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Feb 15, 2015 14:33
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young posty posted:To summarize - invest in TWTR because it feels right. Follow your heart. Agreed.
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Feb 15, 2015 18:05
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Agronox posted:I rarely find those worthwhile--you usually get killed on the bid/ask spreads. I think even buying at the ask could be positive EV....still mulling over this one. HOS isn't trading too far away from liquidation value (P/B = .5)...the problem is it is sensitive to the price of oil and a highly leveraged company. Owning the equity puts you at a higher risk of complete ruin than a normal stock. Options allow me limited downside and a whole lot of upside if oil rebounds over the course of the summer. Trading near liquidation value also allows for potential share appreciation if oil sticks to a 40-60 range, so there is a fairly wide spectrum here for a profitable trade. I think the market maker has the risk completely mis-priced (for instance, the risk premium is about the same as the risk premium of an oil ETF, which makes 0 sense). I'm trying to get the expiry as far away as possible so that it gives me more runway for oil prices to do something.
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Feb 15, 2015 21:01
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Options being in 5 cent increments, except for the few dozen that they have allowed us to trade in penny increments, is seriously annoying to me. They've been slowly rolling out penny increments like it's some big technological advance that requires new supercomputers from IBM to be installed.
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Feb 15, 2015 21:15
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Arkane posted:I think even buying at the ask could be positive EV....still mulling over this one. I hear you. When something like this comes up and I do want to go for it, I try to structure the position such that I am okay with holding it until expiration. That way I minimize getting whacked on the spreads twice. I'd be curious though, how comfortable are you with those book value figures? I have to imagine the market for offshore equipment is pretty terrible right now.
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Feb 15, 2015 21:40
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DNova posted:So your question is whether or not you should sell your calls at the peak of their value, according to your prediction? K dumb question? I guess I kind of answered it myself.
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Feb 15, 2015 23:18
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Just tried for fun 4 weeks of (almost) random trading with fake money. So much fun but a result of a net loss of 20,000$. Lol would do again
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Feb 15, 2015 23:57
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:I'd like to borrow $200M
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RattiRatto posted:Just tried for fun 4 weeks of (almost) random trading with fake money. So much fun but a result of a net loss of 20,000$. Lol would do again 
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Feb 16, 2015 00:00
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Agronox posted:I hear you. When something like this comes up and I do want to go for it, I try to structure the position such that I am okay with holding it until expiration. That way I minimize getting whacked on the spreads twice. Right, that was my sticking point. Someone I know is very high on this company, and the big question in my mind is how these assets are valued in the face of lower oil. If the market doesn't improve, there could be serious asset write downs. And the price to book that exists on paper could easily evaporate in a down market and you're left holding a bag of poo poo. However, management was fairly adamant that they would not need to write down assets in the earnings call last week and that their depreciation is such that the older ships that they're taking out of the water (due to the downturn) are virtually worthless on their books. Further, they're in the process of selling 4 of their ships to the US Navy for cash at a price higher than book value. Finally, their revenue in the face of lower oil is somewhat more sticky than the price decline would seem to suggest, which is to say that oil rigs in the Gulf are going to keep pumping regardless of the cost per barrel (assuming there isn't a complete collapse in the commodity price) because the fixed costs in establishing the rigs was so high and the recurring costs are relatively low. So while you see massive onshore rig declines, and declines in near-shore rigs, the same isn't true of the deep sea gulf rigs that HOS services. It's not all good news on that front as there many more oil servicing ships expected in the gulf this year, which means increased competition and more than likely decreased revenue. But the thesis is basically that there won't be a complete collapse in their business model, and that the price declines is a potential overreaction to the confluence of oil prices & their cash position/leverage.
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Feb 16, 2015 03:56
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DNova posted:Options being in 5 cent increments, except for the few dozen that they have allowed us to trade in penny increments, is seriously annoying to me. Bonds are still traded in sixteenths. Or fourths of a sixteenth.
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Feb 16, 2015 04:17
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DNova posted:Options being in 5 cent increments, except for the few dozen that they have allowed us to trade in penny increments, is seriously annoying to me. It's really easy to assume it's just a simple switch that gets flipped somewhere, but it really isn't... (although I agree it ideally would be!) Hobologist posted:Bonds are still traded in sixteenths. Or fourths of a sixteenth. 2 year treasury futures (ZT) are traded in 1/128ths... Also, how different institutions quote these in various ways is very inconvenient.
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Feb 17, 2015 06:31
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more robinhood invites T3B6XTTW GW4ZGG6F K2EOXVKS
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Feb 17, 2015 16:19
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EBIX, still killing it
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Feb 17, 2015 18:36
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Jesus, bonds getting creamed the last two weeks. My entire portfolio has lost 5%. gently caress.
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Feb 17, 2015 19:44
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Looks like we might hit 30 today in CSIQ...they announced the acquisition of a few projects in the UK this morning, which could point to them announcing a yieldco this year. Also on solar, it's interesting the divergence between Solar City and Vivint Solar. Vivint over the past month is pretty much unchanged, while Solar City is up 22%. Pretty much the exact same business model. That wide of a divergence doesn't make much sense.
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Feb 17, 2015 20:32
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| # ? May 21, 2024 12:07 |
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Saint Fu posted:EBIX, still killing it Thank you, to the EBIX suggesting man.
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Feb 17, 2015 20:43
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