USA Stock Discussion v6, Midterm Elections! U.S. Jobs Report!
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 May 20 2015, 03:19 AM
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#221
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All Stars
10,123 posts Joined: Aug 2007 
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QUOTE(AVFAN @ May 19 2015, 11:36 PM) hoo... oil bouncing back! Ouch!... XLE broke thru the floor at 79.50 All ikan bilis caught yesterday turning into fish eggs. added: false alarm, continues to head lower...   This post has been edited by danmooncake: May 20 2015, 03:19 AM |
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May 20 2015, 10:07 AM
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#222
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 20 2015, 09:50 AM) oil/energy took a beating last session. strong housing pushing the rate hike thingy again, usd moving up again. with excess supply, oil price probably will stay weak for now. Tomorrow better not turn below 79 otherwise I'm out and go into bear mode. i was much tempted to buy XLE at 79.50 but decide to keep watching, patient...  |
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May 20 2015, 08:48 PM
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#223
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(yok70 @ May 20 2015, 06:19 PM) Just read Icahn's response: Icahn already owns 53 mln shares of AAPL and he wants AAPL to go 230 instead of staying here at 130.I read the article and I don’t know why the headline is what it says, because it says later Apple didn’t officially kill the effort to make the television. The team was disbanded with mmebers set off to work on different products, they said. Cook said back, he had a grand vision for the television. So I don’t quite understand the article. It’s almost as if some guy who’s short the stock decided to say all these things.. I respect the Wall Street Journal, but I have to admit I’m a bit confused by the article … I don’t even know what it says… I believe more the second part of the report where it says Cook has a grand vision … Since then he has reiterated it is an area of interest for the company, later on it says Apple didn’t officially kill the project o make television. In the beginning it says it did kill it. So I don’t know what you’re asking me if I agree with… But you know what, it’s not really importan.t We’re talking here about a much grander thing. Over the years I’ve made a lot of money simplistically. You look at things and they just hit your over the head. Apple is one of these comapnies that comes along, that got itself into an ecosystem and you see… I’m sure there were a lot of naysayers on the watch. Look, we’re not recommending stocks here, we don’t do that … I don’t think its important whether they’re doing a Tv or not doing a TV next year… Not sure if I care but I just hold the commons for longer term and sell cover calls and short puts to continue to make money every week. Interestingly, $5 move per week can make up quite a lot of juicy premium.  This post has been edited by danmooncake: May 20 2015, 08:48 PM |
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May 20 2015, 09:00 PM
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#224
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(wodenus @ May 20 2015, 08:54 PM) Which broker do you use, and what is your commission structure like? I'm using MB Trading for options now. Cheap.. $1 or $2 only per contract plus some SEC fees (somewhere between 0.10 to 0.50 depending on size) for selling.This post has been edited by danmooncake: May 20 2015, 09:00 PM |
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May 20 2015, 10:31 PM
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#225
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 20 2015, 10:11 PM) u shud keep if not in rush. Yes, if you like volatility, OIH is better.xle is not so good to trade. to trade, oih is much better - at least double the volatility!  xle now 79.5x. XLE is the base.. OIH is double... ERX is triple Options for XLE is 5x ..  Anyway, tonight - didn't see any grouper yet. If still can't see it by closing, I may take those ikan bilis bought below 79.50 and turn into sambal belacan meal.  This post has been edited by danmooncake: May 20 2015, 10:32 PM |
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May 20 2015, 11:02 PM
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#226
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 20 2015, 10:39 PM) not good enough, oil price dives.... There seems to be some head winds in terms of technicals for WTI oil at around 62.. then the support at around 55-56.At 58 (currently), seems to be no man land. You're right, needs to wait and see (or place your bet to buy lotto ticket. ) |
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May 21 2015, 01:02 AM
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#227
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 20 2015, 11:49 PM) i just checked ERX but can't find the holdings info. is this ETF a portfolio of other oil/energy ETFs? ERX has the same holding info as XLE but they also use treasury swap to achieve the financial wizardry of 3x leverage.XLE has mostly oil companies and a couple of the largest oilfield service cos. OIH has major oilfield services and equipment cos. also... XLE expense ratio is 0.15%, OIH 0.35%, ERX is 0.95%. volumewise, ERX is much lower than the other 2... what might explain the higher volatility? got to be coming from the stocks mix in it... small caps? They (the company Direxion) claims ERX will try to mimic the percentage move of Oil services sector (XLE) in 3 times percentage (either direction) for a single day. It reset itself the next day. It isn't 100% but close to it. Go ahead and track it for a couple of days and see if is true or not. Needs to be careful here if you want to play this. The volume is low because it doesn't matter how many buyers or sellers, the machine simply creates these ETF on the fly and daily rebalance at the end of the day. There aren't a limited supply or demand..on these instruments. Also, the options for this leverage vehicle are quite juicy...  and the margin requirement for ERX is kinda high too.. so check with your broker. They may not allow you to short it but you can use ERY (the bear side of ERX) instead.  This post has been edited by danmooncake: May 21 2015, 01:05 AM |
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May 21 2015, 01:24 AM
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#228
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 21 2015, 12:32 AM) ah, thanks. There is also UPRO and SPXU (made by ProShares) - mimic SP500 movement in 3x leverage.like SPXL, SPXS... extra large, extra sensitive!! This morning, they split UPRO into 1:2 (hey, more shares and more upside..if SP500 continues upwards). Since 2009 low, SP500 has tripled (300%) and UPRO has got 900% (after split and divis). Yes, you can get divi too. $10K initial investment could turned into $101K now for UPRO but turned into $220 for SPXU. These kind of leverage is only good, if the directions are linear.. but can be devastating if they reverse course and you're on the wrong track.  This post has been edited by danmooncake: May 21 2015, 01:26 AM |
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May 21 2015, 01:56 AM
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#229
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(mikehwy @ May 21 2015, 01:33 AM) nymex hitting.59 soon. Waah.. am I seeing the birth of little groupers here?? xle, give me 80! or more! This post has been edited by danmooncake: May 21 2015, 01:57 AM |
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May 21 2015, 11:21 PM
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#230
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 21 2015, 10:36 PM) Yippee!! Woohoo!!! GROUPers!!  No need for Sambal Ikan Bilis dinner this weekend. This post has been edited by danmooncake: May 21 2015, 11:23 PM |
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May 22 2015, 01:24 AM
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#231
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(mikehwy @ May 22 2015, 12:26 AM) ya. hope rm strengthen more so I can deposit some into usd acc. been too pricy to raise my deposit. UP the rm No wait.. one more round of touching 1USD = RM3.70, let me buy more Ringgit first, then Ringgit can go up.We need more US rates hike fear, or 1MDB debt bursting fear stories to cause more Msian bond rates to go up or Ringgit to fall first. This post has been edited by danmooncake: May 22 2015, 01:24 AM |
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May 25 2015, 09:18 PM
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#232
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 25 2015, 07:21 PM) us markets closed tonite. Yup, also same holiday for me too. I'll wait till 3.70 (or close to it). I think market wants to puke after opening tomorrow night since USD going back up. Oil maybe retreating too... but be aware the $ is in vogue again- rm3.616/usd today closing. buy RM or USD now, buy later...? |
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May 27 2015, 06:06 AM
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#233
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All Stars
10,123 posts Joined: Aug 2007
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Waahh... just took a one day off.. and the market went like this:
 This post has been edited by danmooncake: May 27 2015, 06:07 AM |
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May 27 2015, 09:13 PM
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#234
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 27 2015, 07:57 PM) That was a message from HAL9000 aboard Discovery orbiting Jupiter. That's was good.. (HAL9000) - I love that 2001 movie. Now, SAL9000 aboard the Leonov says... You Are Wise. Just having fun.... Anyway, oil stable, futures bit up. I see Ikan bills...   Anyway, ^DXY (Dollar Index) back above 96...now at 97. Yup, 1 USD = RM 3.70 coming again. I'm ready to make buy more Ringgit if this happens. This post has been edited by danmooncake: May 27 2015, 09:14 PM |
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May 27 2015, 09:57 PM
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#235
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 27 2015, 09:50 PM) 2010 was almost as good. read the book but afraid 3001 will never be made. Oh yes!... that ikan bilis is getting bigger... I can see it trying to swim back above that 50ma line. tonite looks exciting... oil recovery, xle and oih up... ikan bilis in sight.  |
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May 27 2015, 11:48 PM
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#236
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 27 2015, 10:52 PM) oooops... ikan bilis vanished! WTF.... who scooped all of them up?? It was all green and getting bigger and now all gone. |
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May 28 2015, 10:20 PM
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#237
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 28 2015, 10:16 PM) that's what i m seeing! Didn't catch any yesterday, nor tonight. Don't like the trap door opens at 78.50. i love this oil price yo-yo... so much fun watching ikan bilis come n go, come again, teasing... caught a couple, lost a couple, now catching again... No ikan bilis.. more like tadpoles now. Not going for tadpoles at all. Anyway, will see if it can recover 78.50 before initiating any position here. |
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May 28 2015, 10:35 PM
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#238
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 28 2015, 10:22 PM) xle is not a good bait for ikan bilis. try something more spicy! Take a look at KORS... too much spice.It has been pulverized into sambal belacan after earnings report. Big gap to fill between 50 and 60. |
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May 28 2015, 11:16 PM
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#239
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 28 2015, 11:09 PM) US crude inventories fall for 4th straight week, down 2.8M barrels. Ok, time for me to get back in.. |
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May 29 2015, 12:10 AM
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#240
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ May 29 2015, 12:07 AM) tonite, very hard to catch even ikan bilis! Agree.... nothing but tadpoles. I put a low bid here.. let see what happens. If no bite, I'll try again tomorrow. Something telling me market wants to do more puking. |
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