Arguments:
R/S
Trens
Traps
Round Level 50 above.
Daily breakout
Contra to anylist downgrades after its earnings 2 weeks ago.
Thursday, September 30, 2010
RIMM near highs - Looks higher
RIMM near highs - Strong, suspect to go higher. 50.54 partial target. 52 long term targt
Arguments:
R/S
Trens
Traps
Round Level 50 above.
Daily breakout
Contra to anylist downgrades after its earnings 2 weeks ago.
Fundamentals
Arguments:
R/S
Trens
Traps
Round Level 50 above.
Daily breakout
Contra to anylist downgrades after its earnings 2 weeks ago.
Wednesday, September 29, 2010
New highs RIMM - Looking for 52 on a swing trade
With the SP futures off by 3 ponts at the open, this gave us a opportunity to-look for strength. RIMM was the most tradeable of all calls. $49.62 - 50 day ma target on RIMM short term. $52.00 target on a swing trade with this current NASDAQ meltup.
Meredith Whitney is reportedly cutting EPS on GS
| GS Banking analyst Meredith Whitney is reportedly cutting EPS estimates on investment banks GS and MS |
This Mornings Trades - Up a Days Pay by 10:00 am est
With the SP futures off by 3 ponts at the open, this gave us a opportunity to-look for strength. RIMM was the most tradeable of all calls. $49.62 - 50 day ma target on RIMM. Other minus to plus relative strength trades were OCLR NVDA and NFLX
BEN called KEI on the buyout headline
(Danaher to Acquire Keithley Instruments) and bought 14 stock and sold it at 20 for a $7500 trade.
BEN called KEI on the buyout headline
(Danaher to Acquire Keithley Instruments) and bought 14 stock and sold it at 20 for a $7500 trade.
Tuesday, September 28, 2010
Monday, September 27, 2010
RIMM Headlines Trading Higher in the Post
 09/27 | 16:33 | Q-RIMM | MW | RIM and Webtrends to Launch Free BlackBerry Analytics Service 09/27 | 16:33 | T-RIM | DJ | PRESS RELEASE: RIM and Webtrends to Launch Free BlackBerry Analytics Service 09/27 | 16:33 | Q-RIMM | CC | RIM and Webtrends to Launch Free BlackBerry Analytics Service 09/27 | 16:32 | T-RIM | DJ | PRESS RELEASE: RIM Launches BlackBerry Advertising Service 09/27 | 16:31 | Q-RIMM | MW | RIM Launches BlackBerry Advertising Service 09/27 | 16:31 | N-WMT | DJ | MARKET TALK: Stocks Finish At Session Lows After Late-Day Selloff 09/27 | 16:31 | Q-RIMM | CC | RIM Launches BlackBerry Advertising Service 09/27 | 16:30 | Q-RIMM | MW | RIM Announces BBM Social Platform 09/27 | 16:30 | T-RIM | DJ | PRESS RELEASE: RIM Announces BBM Social Platform 09/27 | 16:30 | Q-RIMM | CC | RIM Announces BBM Social Platform |
Ben's Post Market Trades for Handsome Profits
ENTR shorted 400 at 9.80
UNFI 1400 at 35.10 average
Both were 2 of 4 secondaries that came out post close
09/27 | 16:01 | Q-UNFI | DJ | PRESS RELEASE: United Natural Foods, Inc. Announces Commencement of Public Offering of Common Stock
09/27 | 16:01 | Q-ENTR | DJ | PRESS RELEASE: Entropic Communications Announces Proposed Public Offering of Common Stock
09/27 | 16:34 | Q-CGNX | BW | Cognex Corporation Raises Guidance for the Third Quarter of 2010
UNFI 1400 at 35.10 average
Both were 2 of 4 secondaries that came out post close
09/27 | 16:01 | Q-UNFI | DJ | PRESS RELEASE: United Natural Foods, Inc. Announces Commencement of Public Offering of Common Stock
09/27 | 16:01 | Q-ENTR | DJ | PRESS RELEASE: Entropic Communications Announces Proposed Public Offering of Common Stock
09/27 | 16:34 | Q-CGNX | BW | Cognex Corporation Raises Guidance for the Third Quarter of 2010
Friday, September 24, 2010
Yesterday's Recap:
Great Trading Thursday AM:
Notable stocks Traded today in the Juggernaut Room.
RIMM called all morning long a gap fill to the upside. As discussed in yesterdays am meeting, we were on guard to get long the open with the SP futures trading off .75%.
BIDU GOOG, NFLX and AAPL were al lstrong gainers called out i he room as well. I woul seem the trend to by high end NASDAQ stocks cotinues.
Thanks for checking, Have a great end of the summer beginning of Autumn weekend.... Tim.
Notable stocks Traded today in the Juggernaut Room.
RIMM called all morning long a gap fill to the upside. As discussed in yesterdays am meeting, we were on guard to get long the open with the SP futures trading off .75%.
BIDU GOOG, NFLX and AAPL were al lstrong gainers called out i he room as well. I woul seem the trend to by high end NASDAQ stocks cotinues.
Thanks for checking, Have a great end of the summer beginning of Autumn weekend.... Tim.
Thursday, September 23, 2010
Wednesday, September 22, 2010
Today's Trading Recap - Screen Shot
Notable stocks Traded today in the Juggernaut Room.
ORCL - we were late here, first entry was not until $5.95, Incredible relative strength and trade ability. Called it long it all the way up to 6.24-6.40. Also, on the retrace to the 200 day ma support level at 6.06. Re entered long at $6.11. Steve's mentor had large size at 5.75 in for 10k and out at 6 and 6.10 respectively.
NFLX - A monster all week, John called entries long at 151, 153 and fades aove155. Cramer just now said to take a schnitzel.
RIMM called all morning long for impressive gains both in the room and on this blog. The WSJ new tablet product release story triggered this event. RIMM currently has a uncertainty argument that should continue to work well to the upside until the release IMO. Heavy call option activity in the AM as well.
Tuesday, September 21, 2010
Research in Motion could unveil new tablet computer early next week, WSJ reports
RIMM was up large in the post market during this news event fyi...Watching MRVL today as well. It was mentioned in the piece.
- RIMM OS may be revamped in favor of new platform built by QNX Software Systems acquired by the company earlier this year.
- The device will be manufactured by Taiwan's Quanta Computer (2382.TT) and will use chips from Marvell Technology.
- Note: On 07/30 there was talk that RIMM was working on tablet computer to compete with Apple iPad.
[RIMM] Research in Motion Ltd |
Tuesday, September 21, 2010 5:59:29 PM
Research in Motion Ltd To unveil BlackPad tablet and supporting OS as soon as next week - WSJ
- Device to feature a 7-in screen and one or two built in cameras - RIMM OS may be revamped in favor of new platform built by QNX Software Systems acquired by the company earlier this year.
- The device will be manufactured by Taiwan's Quanta Computer (2382.TT) and will use chips from Marvell Technology.
- Note: On 07/30 there was talk that RIMM was working on tablet computer to compete with Apple iPad.
RIMM closes strong - up $2.00
As mentioned in the BLOG earlier, at 46.45 (See blog entry earlier today) RIMM was a long all day and closed strong near highs in a overall weak close. P&L gained another $500 or so since last blog entry....
SFI Looks lower - Bloomberg reports it may go BANKRUPT in 2011
iStar Financial may seek bankruptcy protection in 2011,
Bloomberg reports
Sep 21 at 13:46
Profile hits: NONE
iStar Financial (SFI) may seek bankruptcy protection after it was blocked
from amending loans, Bloomberg reports, citing people with knowledge of the
plan.
Room Chat:
Steven from North Jersey: SFI
Steven from North Jersey: SFI trigger
Steven from North Jersey: bankruptcy news
Steven from North Jersey: hit it
Steven from North Jersey: new lows
Tim Kelleher: yup, looks good short
Bloomberg reports
Sep 21 at 13:46
Profile hits: NONE
iStar Financial (SFI) may seek bankruptcy protection after it was blocked
from amending loans, Bloomberg reports, citing people with knowledge of the
plan.
Room Chat:
Steven from North Jersey: SFI
Steven from North Jersey: SFI trigger
Steven from North Jersey: bankruptcy news
Steven from North Jersey: hit it
Steven from North Jersey: new lows
Tim Kelleher: yup, looks good short
Markets break out as expected on the FOMC - QQQQ's are very strong
*FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); REITERATES RATE TO STAY LOW FOR EXTENDED PERIOD
- Vote: 8-1 (Hoenig remains dissenter)
- Discount rate unchanged at 0.75%more...
- Vote: 8-1 (Hoenig remains dissenter)
- Discount rate unchanged at 0.75%more...
Long RIMM all day, still long on a swing trade to a FIB target of 52
Monday, September 20, 2010
1:00 PM post lunch recap meeting ticker stocks
wfmi ffv bidu aapl mgm cme
Highlights: Markets are stong up 1% across the board. looking at NASDAQ stocks that are strong to trend. Suspecting a strong trending NASDAQ into the Quarterly earnings season coming up in 3-4 weeks.
Highlights: Markets are stong up 1% across the board. looking at NASDAQ stocks that are strong to trend. Suspecting a strong trending NASDAQ into the Quarterly earnings season coming up in 3-4 weeks.
Sunday, September 19, 2010
Barron's Weekend Headlines
09/19 | 14:38 | Q-RIMM | FW | Research in Motion should be avoided after impressive quarter, Barron's says
09/19 | 14:27 | N-STD | FW | Banco Santander's acquisitions likely to pay off, Barron's says
09/19 | 14:21 | Q-YHOO | FW | Yahoo CEO picking up where predecessor left off, Barron's says
09/19 | 14:12 | A-LOV | FW | Spark Networks may need to find suitor for JDate, Barron's reports
09/19 | 14:06 | Q-OPEN | FW | OpenTable valuation "sky-high" following recent rally, Barron's says
09/19 | 14:01 | Q-AMTD | FW | TD AmeriTrade shares not pricing in all the good news, Barron's says
09/18 | 00:10 | ------ | DJ | Barron's(9/20) Our 10 Luxury Favorites
09/18 | 00:10 | ------ | DJ | Barron's(9/20) Current Yield: Breathing Room For The Fed
09/18 | 00:10 | ------ | DJ | Barron's(9/20) Up & Down Wall Street: Suddenly, Everyone Is Not Bearish
09/18 | 00:09 | Q-INTC | DJ | Barron's(9/20) The Trader: Market Still Peppy -2-
09/18 | 00:09 | N-GIS | DJ | Barron's(9/20) The Striking Price: Rumor-trage Makes A Comeback
09/18 | 00:09 | Q-AMTD | DJ | Barron's(9/20) Don't Discount TD Ameritrade
09/18 | 00:09 | ------ | DJ | Barron's(9/20) How To Invest Overseas -2-
09/18 | 00:08 | ------ | DJ | Barron's(9/20) Commodities Corner: Corn: Low Yields, High Prices
09/18 | 00:08 | ------ | DJ | Barron's(9/20) Rare Books, Good Prices
09/18 | 00:08 | N-ABX | DJ | Barron's(9/20) Gold's Glimmer Grows
09/18 | 00:08 | ------ | DJ | Barron's(9/20) Creating Your Own Ethical Will
09/18 | 00:08 | Q-OPEN | DJ | Barron's(9/20) Trouble On The Menu?
09/18 | 00:08 | ------ | DJ | Barron's(9/20) Economic Beat: Of Sin, Sense And Chutzpah
09/18 | 00:07 | Q-AAPL | DJ | Barron's(9/20) Setting The Standard
09/19 | 14:27 | N-STD | FW | Banco Santander's acquisitions likely to pay off, Barron's says
09/19 | 14:21 | Q-YHOO | FW | Yahoo CEO picking up where predecessor left off, Barron's says
09/19 | 14:12 | A-LOV | FW | Spark Networks may need to find suitor for JDate, Barron's reports
09/19 | 14:06 | Q-OPEN | FW | OpenTable valuation "sky-high" following recent rally, Barron's says
09/19 | 14:01 | Q-AMTD | FW | TD AmeriTrade shares not pricing in all the good news, Barron's says
09/18 | 00:10 | ------ | DJ | Barron's(9/20) Our 10 Luxury Favorites
09/18 | 00:10 | ------ | DJ | Barron's(9/20) Current Yield: Breathing Room For The Fed
09/18 | 00:10 | ------ | DJ | Barron's(9/20) Up & Down Wall Street: Suddenly, Everyone Is Not Bearish
09/18 | 00:09 | Q-INTC | DJ | Barron's(9/20) The Trader: Market Still Peppy -2-
09/18 | 00:09 | N-GIS | DJ | Barron's(9/20) The Striking Price: Rumor-trage Makes A Comeback
09/18 | 00:09 | Q-AMTD | DJ | Barron's(9/20) Don't Discount TD Ameritrade
09/18 | 00:09 | ------ | DJ | Barron's(9/20) How To Invest Overseas -2-
09/18 | 00:08 | ------ | DJ | Barron's(9/20) Commodities Corner: Corn: Low Yields, High Prices
09/18 | 00:08 | ------ | DJ | Barron's(9/20) Rare Books, Good Prices
09/18 | 00:08 | N-ABX | DJ | Barron's(9/20) Gold's Glimmer Grows
09/18 | 00:08 | ------ | DJ | Barron's(9/20) Creating Your Own Ethical Will
09/18 | 00:08 | Q-OPEN | DJ | Barron's(9/20) Trouble On The Menu?
09/18 | 00:08 | ------ | DJ | Barron's(9/20) Economic Beat: Of Sin, Sense And Chutzpah
09/18 | 00:07 | Q-AAPL | DJ | Barron's(9/20) Setting The Standard
Saturday, September 18, 2010
Friday, September 17, 2010
ORCL Looks to continue higher
As Reported in this Am's meeting (AT 26.80), on face book shortly after the open (AT 27.10) and now here on my blog (AT $27.40). I like ORCL.
Arguments:
2001 highs
NASDAQ breakout
Trends - Traps - Trade ability
Extreme relative strength
Arguments:
2001 highs
NASDAQ breakout
Trends - Traps - Trade ability
Extreme relative strength
Thursday, September 16, 2010
Wednesday, September 15, 2010
New Juggernaut Trading Office Line
: 646-692-6441 begin_of_the_skype_highlighting 646-692-6441 end_of_the_skype_highlighting Feel free to contact us regarding guest passes, 1 on 1 training, and online classes. Thank You.
Tuesday, September 14, 2010
Today's Trading Recap - Screen Shot
AM Trading: Opening P&L +$750.00, Ending P&L $450.00. Roughly a 30% retrace from my high
Pre market and opening bell proved fruitful. BBY beat and guided higher. We shorted the emotional low vol candle on the headline for some nice scalps for a quick .75c i the pre market. My high P&L was up $750.0 at 9:40 am. The market tested your discipline as my P$L went negative as the AM wore through lunch. Higher Highs on th SP through the 1120 level stopped out any and all shorts.
PM trading: Ending P&L -$750
PM trading was as tough for me. I flipped long a few stocks, had a profitable trade in STI on a buyout rumor and a pre announcement that ended failing. (remember we are in pre announcement season). I ended closing out at 4:00 pm at my low P&L of -$750.00. A frustrating swing as I was stopped on most shorts earlier
Post Market Trading: Ending P&L +$250.00 (See screen shot below) Roller coaster day for me.
There were 3 trade-able events that proved profitable as I made about $1000.00 in the post market by 5:00pm. Not a bad recovery.
- MA I made a few dollars in on a board approved buyback. In 201, out 203 - 204
- NBIX capitulated on a headline at the round level 5, before bouncing back a buck to over 6. This was y big winner.
- AU announced a convertible bond and a equity offering. This was a double whammy that trended the stock lower all post market long till the close.
Glad I was clear headed, but in hynsight up $750 in th am needed to respect a trailing P&L stop loss considering the choppy lite volume market environment. I had stopped at up $450, and continued tradng against my better judgment which ended which ended with a failed weak argument. See the Screen shot below, The only real mistake was letting a positive trade in BY go Negative
"Quote off he day, practice what you preach" Jim Kelleher". Thanks For checking.... Tim.
Monday, September 13, 2010
Guest Post from DL
In efforts to work more intimately with our group, we will be posting all comments, positive, negative or indifferent on the blog moving forward.
Thanks DL.....Tim.
"It's amazing what you do with showing everyone your screen. In an industry when you can do everything right and still lose money, I don't know how you do it. It's very helpful instead of being in a chat and just guessing whether the trades were live or not. Good job."
DL - Juggernaut Trading Room Member
Thanks DL.....Tim.
Today's Trading Recap - VISA Screen Shot
With the broader markets gaping up 1% from Friday's close, we were able to identify solid short arguments based on relative weakness. V which we traded late last week on a UBS downgrade continued showing weakness today. As discussed in the am newsletter, we were looking for stocks going plus to minus on the bell. We shorted V when it was just going negative at the 67.75. Basically made $2.50 on the whole piece as we shorted in and out while holding a core position the whole way. Best covers were on partials later in the day at the big round level test of $65.00. Today's Low of 64.90 will be a entry for shorts possibly moving forward later on in the week. A days pay was locked in at 10:10 am est.
All trades were called and displayed in the Juggernaut Virtual Trading Room.
Sunday, September 12, 2010
Barron's Summary
Saturday, September 11, 2010 1:25:14 PM
Barron's Summary: Positive on XRX, INTU, cautious on VWM
- Xerox appears on the cover of Barron's which is positive on the name. Barrons comments on the acquisition of Affiliated Power which has increased revenues from service to 50% from 23% and is already paying off. Furthemore, Xerox has repeatedly seen increases in earnings beating estimates and the cash flow has been increasing despite the recession. Wall Street has not yet grasped Xerox's new business and the stock is trading at a modest valuation and a cheap multiple. Citing an analyst at Seligman Investments, Barron's says that the company is expected to increase operating margins to the low teens from 10% and its stock could double.
- Cautious article on VMWare. Wall Street analysts still expect strong earnings growth but a threat may come from competitors such as Adobe, Microsoft, Oracle who are more seasoned that the company. Barrons notes that the stock trades at a pricey $85 or 61 times this year's expected earnings, which leaves the stock susceptible to the smallest glitch.
- Positive feature on Intuit the developer of personal-finance applications like Quicken and TurboTax. The company is poised to benefit from the rising demand for affordable accounting and other companies to help run smaller businesses. Despite the fact that the stock is not very cheap at 16 times its expected earnings, it is still cheaper than its competitors such as Salesforce.com or NetSuite who serve large corporate customers. Barron's expects the stock to rise as much as 25% over the next year.
- Barrons features an article on Tech companies which have been reporting better profits than the rest of the corporate America, but paying unattractive dividend yields. With many investment strategists looking to park money in high dividend stocks, this could be hurting tech firms, whose shares have fallen to their lowest value relative to the S&P since early 1991.
- The head of Global Macro and Asset Allocation for Morgan Stanley Investment Management, Henry McVey interviews for Barron's and notes that the economy is in a secular bear market with the next headwind being the debt overhang in the developed economies. McVey says that investors should look for companies that have rising returns on capital, improving dividends and a strong earnings growth such as McDonald's, Automatic Data Processing and Caterpillar. Outside the U.S., Mc Vey remains focused on growth areas, including the emerging markets such as Turkey, Indonesia and India while Germany still looks attractive as an exporter. According to McVey, the most important point in asset allocation nowadays is to think in terms of pro-growth, anti-growth and trades for all seasons
- Cautious article on VMWare. Wall Street analysts still expect strong earnings growth but a threat may come from competitors such as Adobe, Microsoft, Oracle who are more seasoned that the company. Barrons notes that the stock trades at a pricey $85 or 61 times this year's expected earnings, which leaves the stock susceptible to the smallest glitch.
- Positive feature on Intuit the developer of personal-finance applications like Quicken and TurboTax. The company is poised to benefit from the rising demand for affordable accounting and other companies to help run smaller businesses. Despite the fact that the stock is not very cheap at 16 times its expected earnings, it is still cheaper than its competitors such as Salesforce.com or NetSuite who serve large corporate customers. Barron's expects the stock to rise as much as 25% over the next year.
- Barrons features an article on Tech companies which have been reporting better profits than the rest of the corporate America, but paying unattractive dividend yields. With many investment strategists looking to park money in high dividend stocks, this could be hurting tech firms, whose shares have fallen to their lowest value relative to the S&P since early 1991.
- The head of Global Macro and Asset Allocation for Morgan Stanley Investment Management, Henry McVey interviews for Barron's and notes that the economy is in a secular bear market with the next headwind being the debt overhang in the developed economies. McVey says that investors should look for companies that have rising returns on capital, improving dividends and a strong earnings growth such as McDonald's, Automatic Data Processing and Caterpillar. Outside the U.S., Mc Vey remains focused on growth areas, including the emerging markets such as Turkey, Indonesia and India while Germany still looks attractive as an exporter. According to McVey, the most important point in asset allocation nowadays is to think in terms of pro-growth, anti-growth and trades for all seasons
Friday, September 10, 2010
Today's Trading Recap - NOK Screen Shot
As discussed in the 1pm recap meeting, we had a decent morning. The call in the am meeting to short NOK at 10.19 for a gap fill to the big round level 10 worked famously (see below). 5 arguments were met and the room did very well. Once again we broadcast-ed all entry's, positions and orders.
SDS worked well long as with te market gaping up over 1100 and taking profits at the unchanged level.
SDS worked well long as with te market gaping up over 1100 and taking profits at the unchanged level.
Thursday, September 9, 2010
Steve's MAD MONEY appearance with Cramer
Steve has Been short V the whole way this week in the Juggernaut Room, see his notes below. Had it all morning long today for dollars....Fun Stuff...
Wed 8/9 6pm...
Tim:
I was on Cramer’s mad money today asking about Visa, take a listen to file attached…
After reading about finreg, a bad associated press article and the BoA downgrade, hear what Cramer has to say too. I think 70 has become resistance vs. support.
My 90 seconds of fame…lol
68.01 is the last support level on V, then it’s done. Look @ a daily chart and this could be a compelling argument to go short given the uncertainty caused by finreg. The only thing working here is the midterm elections so the Obama administration may want to move fast before losing the super majority in November. If the rules don’t get written by then, V/MA/AXP will all be in no-man’s land with nowhere to go, but down.
I love this job!
Regards,
Steven M. Cohen
Managing Director
Integrated Home Automation, Inc.
Subscribe to:
Posts (Atom)