Stock market daily discussion for Apr 18th - 22nd

Discussion in 'Stock Market Today' started by StockJock-e, Apr 16, 2016.

  1. StockJock-e

    StockJock-e Brew Master
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    According to the yahoos on ihub, there is no way it could file for bankruptcy and the stock is a strong buy at 40c with a $5 target.
     
  2. Allegiance

    Allegiance Member

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    Wow @ SLV... was up huge pre-market to boot.
     
  3. youngbull

    youngbull Member

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    your saying SUNE will raise to $5?
     
  4. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    SunEdison Inc. (SUNE) said Thursday that it filed for bankruptcy protection, a move that has been . The renewable energy company's stock was halted for news. The last trade prior to the halt was at 34 cents, down 93% year to date. The company said it has secured $300 million in debtor-in-possession financing to minimize business disruptions while it restructures. "Our decision to initiate a court-supervised restructuring was a difficult but important step to address our immediate liquidity issues," said Chief Executive Ahmad Chatila. SunEdison(SUNE) said its yieldcos, TerraForm Power(TERP) and TerraForm Global(GLBL) were not part of the filing. TerraForm Power's(TERP) stock surged 4.1% in morning trade and TerraForm Global(GLBL) shares climbed 3%.
     
  5. T0rm3nted

    T0rm3nted Moderator
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    No, he's saying there's a lot of "special people" who think the stock is still going to go up to $5
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Can't decide if I want to hold my position in SKX through earnings this afternoon or sell it off and lock up my ~17% profit
     
  7. surefiretrader

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    Thanks for the watch-list, Gil. Looking good today. Good luck!
     
  8. StockJock-e

    StockJock-e Brew Master
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    Oh god, check this guy out

    "Well, at least a chapter 11 will allow a continued stock ticker for SUNE and hopefully because assets are worth more than debt, we longs will have a great shot to make some coin! SUNE!!$$"

    Ok then.
     
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  9. T0rm3nted

    T0rm3nted Moderator
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    I wonder if he has any other plays I can tail!
     
  10. OldFart

    OldFart Well-Known Member

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    yeah...let me go out and put it all on SUNE...
     
  11. pftq

    pftq Member

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  12. pftq

    pftq Member

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    Too late to trade but an interesting one to look at today is $PTC. Someone bought $200k in calls right before today's 8% jump. The call buying Tech Trader picked up is below. Just shows that someone always knows the news before it's out.

    https://www.techtrader.ai/wall/?date=1461228055&post=9312

    PTC 5/20/2016 35x Calls, 2221@$0.9499
    MV: $0.2M | $Not.: $3.1M | OI: 102 | 139.0% TotalOI
    20.0% StockVolume | 67.8% OptionVolume

    [​IMG]
     
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  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    SBUX reports today. If the stock falls, it might go all the way to the 200 sma at 58.60. I don't see any supports under that...but I have a hard time believing SBUX would fall below even that.

    [​IMG]

    All SMAs have converged here.
    Big volume on 4/12 to start bounce off 200 SMA
    But look at momentum indicators since then -- looks downward.

    At 58.60 you have the blue trendline support from lows, you have the 4/12 low, and you have the 200 SMA.
     
    #113 anotherdevilsadvocate, Apr 21, 2016
    Last edited: Apr 21, 2016
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  14. pftq

    pftq Member

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    #114 pftq, Apr 21, 2016
    Last edited: Apr 21, 2016
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  15. duck mich

    duck mich Member

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    Alphabet , MSFT, SBUX, Visa all down about 3 to 5% after hour
     
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  16. MaximusAnalysis

    MaximusAnalysis Active Member

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    Today's Market Thoughts

    Google miss now what?



    Names included

    Google
    Facebook
    Priceline
    Biotech ETF (IBB)
     
  17. Rock Sexton

    Rock Sexton Meat Popsicle

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    Talked about this back in March (can't access it because it was posted on the old Hotstockmarket site), but $BRENT has finally made it's way back to the POC.

    BRENT.JPG Brent.JPG
     
  18. DoveJohns

    DoveJohns Active Member

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    I hate betting against stock markets but can this rally continue with bad earnings like msft, sbux and googl had? Makes me wonder if I should add to my SPXS or SQQQ position
     
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  19. Rock Sexton

    Rock Sexton Meat Popsicle

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    Ya, a run to 108 looks imminent.
     
  20. Rock Sexton

    Rock Sexton Meat Popsicle

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    EGRX definitely with an oversold bounce opportunity to re-test the previous breakdown. Support on the weekly chart down at these levels and the volume is similar to the last time (March 2015). There are two HVN's on the weekly. The lower one is large enough to where the POC has a high probability of migrating down, which often keeps price activity suppressed in a range. If it breaks further north, the second HVN is also almost as large as the POC and will likely serve as upside resistance.

    You'll also notice the 6month POC is down here at these levels as well.

    I see a re-test of the previous breakdown around 53-55 (near gap fill) as the high end target.

    EGRXweekly.JPG EGRX6month.JPG
     
    #120 Rock Sexton, Apr 21, 2016
    Last edited: Apr 22, 2016
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