Todays action: BMY being the one big red spot in biotech. I was asking earlier if this looked good for a bounce, looks a bit overdone. Oil doing the lifting today.
me personally i dont add past $10, my cost basis right now is like $8.90 , shorts control this stock, so if anyone were interested in buying i would say be patient, it always makes its way back into the 9s.
Early movers: COH, VRX, DAL, BP, LC, HON, GPS, MWW & more Coach — Coach earned an adjusted 45 cents per share for its fiscal fourth quarter, 4 cents a share above estimates. The luxury goods maker's revenue did miss forecasts, but Coach was able to post a rare increase in North American same-store sales of 2 percent. Valeant Pharmaceuticals — The drugmaker missed estimate by 8 cents a share, with adjusted quarterly profit of $1.40 per share. Revenue also missed forecasts, however the company gave a full-year forecast that exceeded expectations. The company also announced a reorganization of the company's reporting units. Delta Air Lines — The airline is in the process of recovering from Monday's system-wide outage caused by a computer problem. Delta is issuing refunds for canceled flights as well as $200 travel vouchers for certain passengers. Wayfair — The online seller of home furnishings lost an adjusted 43 cents per share for its latest quarter, 2 cents a share wider than expected. Revenue did beat forecasts. Wayfair said it is making good progress in speeding up delivery times, reducing damage rates, and growing its business. BP — BP is looking for buyers for its 50% stake in SECCO, a China-based petrochemicals joint venture, according to a Reuters report. The stake could fetch as much as $3 billion. LendingClub — LendingClub reported an adjusted second-quarter loss of 9 cents per share, wider than the 2 cents a share expected by analysts. Revenue was slightly ahead of forecasts. The operator of an online lending marketplace also announced the resignation of Chief Financial Officer Carrie Dolan. Honeywell — The industrial conglomerate is in talks to buy privately held JDA Software for about $3 billion, according to a Reuters report. JDA is a maker of supply chain management software which was taken private by New Mountain Capital in 2012. News Corp. — News Corp. reported an adjusted quarterly profit of 10 cents per share, 3 cents a share shy of estimates. Revenue did exceed analyst forecasts. The unexpected rise in revenue compared to a year earlier was helped by results for its newspapers, which include The Wall Street Journal and New York Post, as well as better results in its digital real estate operation. Twilio — Twilio lost an adjusted 8 cents per share for its latest quarter, 6 cents a share less than analysts had anticipated. The company's revenue was well above estimates. The maker of messaging and voice services also gave an upbeat forecast for the current quarter as demand for its services rises. Gap — The apparel retailer posted a smaller than expected drop in quarterly sales, but its July comparable sales are below Street estimates. Results were particularly weak at Banana Republic, although Old Navy is showing signs of rebounding. Following those results, Mizuho upgraded the stock to "neutral" from "underperform," noting easier comparisons ahead as well as cost controls and favorable currency fluctuations. Monster Worldwide — Monster is being bought by Dutch recruiting firm Randstad for $429 million or $3.40 per share. That represents a 23 percent premium over Monday's closing price for shareholders of the jobs and recruiting website operator. Buffalo Wild Wings — Buffalo Wild Wings was upgraded to "neutral" from "underperform" at Credit Suisse, which points to the emergence of activist shareholders and the resulting potential for a restructuring at the restaurant chain. Dish Network — The satellite TV provider was upgraded to "outperform" from "neutral" at Macquarie, seeing significant upside from Dish's ability to meaningfully participate in an upcoming spectrum auction among other factors.
$ES_F #ES_F #SPY levels to watch are 2186 / / 2174.50 / / 2162.75 $CL_F #CL_F #Crudeoil levels to watch 43.95 / / 43.12 / / 42.31 $GC_F #GC_F #gold levels to watch 1351.1 / / 1341.9 / / 1332.7
out of TWLO at $45.33. dam what a good trade this stock is, till we meet again on a pullback TWLO....till we meet again.
Suicidal morning for me. Saw VRX earnings and their guidance suggesting EPS doubling in the next two quarters. Chased up 1000 shares @ 23.80 and impusively sold for a quick 112 ticks @ 24.92. Alas my medium term target is 33 ..... ugggggghhh. Sucker almost just hit 27.00. Apparently a BK is completely off the table too .... per the conference call.
ER after the close today: $DIS $GEVO $SCTY $YELP $CYBR $SPWR $NVAX $MDVN $FOSL $JAZZ $DHT $MYL $GALE $XON ER pre-market tomorrow: $KORS $JD $WEN $RL $AG $PRGO $AGI $ALDX $OA $SUNW $ARMK $AQMS $BXE $ICL $MGIC
It's really not though. Anything managed that impulsively is failure from a trade mechanics perspective. It shows lack of control by giving in to the emotional response of "Ooooo I'm up $1,000 today just take it - targets be damned". Total lack of conviction in my own analysis and method. Probably my worst premature sell in months.
there is some serious open interest and volume at the $30 call strike for next week expiration. i was thinking of hoping in VRX for a 1 week trade. but i dont want to chase it this far up 25%
There's no logical reason for it to stop now based on all the information provided in the earnings and conference call. Still doesn't change the fact that the risk has increased tremendously. I've sat here so many times almost ready to jump back in - but couldn't get myself to do it. I'm just too fixated on the "what if" scenario of the microscopic chance it goes south. If it dips back down between 25.00 - 25.70 I would be more than happy to jump back in. Unlikely though.
