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Native Texan

Native Texan
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  • VIX - Options Volatility Sonar: Tuesday Recap [View article]
    Erick --

    Wow, thank you very much for taking the time to provide me with such an in depth reply.

    I started with 2k shares, cut them in has 2 days ago and am now down to 1k shares. I wish this were more like a normal stock which I could just hold and wait it out but as we know, it's not.

    Am I still short? Yes, I'm expecting a small pullback here at the 1230 level, overnight or tomorrow/Friday.

    I've never traded options before. But I like your idea.

    Thank you.

    Jan 25, 2012. 08:26 PM | Likes Like |Link to Comment
  • VIX - Options Volatility Sonar: Tuesday Recap [View article]
    I'm stuck in TVIX @ $20.88 and am getting killed. Any thoughts / feedback will be greatly appreciated..... Would love to get my money back if not make some. What will have to happen and within what time frame?
    Jan 25, 2012. 05:10 PM | Likes Like |Link to Comment
  • December was another strong month for trucking, as the ATA's Truck Tonnage index jumped 6.8% Y/Y after rising 6% Y/Y last month. "Not only did truck tonnage increase due to solid manufacturing output in December, but also from some likely inventory restocking," ATA&... For all of 2011, tonnage rose 5.9% Y/Y, the largest annual increase since 1998.  [View news story]
    Terry is so silly.
    Jan 24, 2012. 09:25 PM | Likes Like |Link to Comment
  • Google (GOOG) is overhauling the way it treats user data, linking information across its array of email, video and social-networking services so that information gathered in one place can be used in another. The changes could bring the ire of privacy critics because of the sheer volume of information collected — including your location, list of contacts and email contents.  [View news story]
    Here's the solution: Don't use Google products! Besides, they're big Obama / DNC supporters anyway.
    Jan 24, 2012. 07:20 PM | 2 Likes Like |Link to Comment
  • When you look at the basic fundamentals, stocks are trading at their cheapest levels since 1990, observes Bespoke Investment Group. According to the firm’s 2012 outlook report, once investors realize it, the ensuing buying spree should push the S&P 500 by 11% to 1,400, or possibly even more, by the end of the year.  [View news story]
    In all seriousness, when they espouse such contentions, are they do they account for inflation, equity offerings/dilution, reduced market caps, etc.? I suspect not.
    Jan 23, 2012. 09:38 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: State Of The Union, Bernanke, Earnings [View article]
    SlingWing, the private thread amongst the 64 of us still going on however, if you "delete" it, you won't see any more replies -- unlike with a normal email progam, e.g. Outlook, Gmail, etc. It's oversized at present so I'll send a new one out tomorrow morning.
    Jan 22, 2012. 02:56 PM | 1 Like Like |Link to Comment
  • Weighing The Week Ahead: State Of The Union, Bernanke, Earnings [View article]
    SlingWing -- I'm with you on this, I see a pullback coming this week; especially after talk (again) broker down in Greece this weekend.

    55% of companies reporting to date have beat earnings expectations (which were lowered), whereas 69% beat prior. When was the last time we had only a 55% beat and what did it fortell?

    I work in the supply side of Tech, (the sale of electronic components to the world’s largest ODM, CEM and OEM's) they're slow, just like last year; all of them are telling me that they're expecting no improvement this year. When they told me this last year, I believed them and they were right. They're telling me the same this year and I have no doubt that they'll be right again.
    Jan 22, 2012. 02:33 PM | 2 Likes Like |Link to Comment
  • The debt valuation adjustment (DVA) - which allowed the big banks to beat estimates in Q3 - cut JPMorgan's (JPM) bottom line by $567M or $0.15/share (vs. earnings of $0.90). As global markets improve, credit spreads shrink, and the DVA goes from positive to negative. "We do not consider DVA reflective of the underlying operations of the company," says the firm.  [View news story]
    Sure was nice of the Banksters to release their earnings before Pre Market opens so that retail can't participate.
    Jan 13, 2012. 09:47 AM | 1 Like Like |Link to Comment
  • The S&P 500 jumped 1.8% in the first five trading days of the year, so legend tells us 2012 will be a positive year for stocks. The market has never fallen in a year when the first five days added 1.8% or more, and most of those gains were strong - if any real conclusions can be made from an event that's happened only 17 times in history.  [View news story]
    Jan 9, 2012. 09:21 PM | Likes Like |Link to Comment
  • Japanese stocks are higher in early trading following a long holiday weekend. The Nikkei Average is currently up 0.50% to 8,448 with financial shares leading: Mitsubishi UFJ Financial (MTU +1.5%), Sumitomo Mitsui Financial (SMFG +1.4%), Nomura (NMR +4%) and Daiwa (DWA +2.5%).  [View news story]
    Jan 9, 2012. 09:19 PM | Likes Like |Link to Comment
  • More on WD-40 (WDFC): FQ1 earnings dropped 25% Y/Y, as the company's bottom line continues to get hit, largely due to the impact of high commodity costs and an unfavorable mix of products weighing heavily on margins. Share -8% AH.  [View news story]
    I guess people have decided that the 5 cans of WD-40 in their garage with lot codes dating back 10 years is enough to hold them through for a while. :-)
    Jan 9, 2012. 07:49 PM | Likes Like |Link to Comment
  • A fortuitous combination of ravenous bacteria, ocean currents and local topography helped to rapidly purge the Gulf of Mexico of much of the oil and gas released in the 2010 Deepwater Horizon disaster, according to a new study by the National Academy of Sciences. "There was a lot of doomsday talk" at the time, but "the ocean harbors organisms that can handle a certain amount" of pollutants.  [View news story]
    Gulf of Mexico leaks 5k/day into the Gulf naturally through vents in the ocean floor.

    Addittionally, "A recent study by University of California at Santa Barbara professors Bruce Luyendyk, Ira Leifer and J. R. Boles estimates that natural seepage amounts to 10,000 gallons of oil and 3.5 million cubic feet of natural gas a day(nearly 1.3 billion cubic feet a year -- enough for 14,000 homes). That means about every three years there is the equivalent of a natural Exxon Valdez spill plus the natural emission of hundreds of millions of cubic feet of methane, a global warming gas much more powerful than CO2. (And that's just off the California coast!)"
    Jan 9, 2012. 05:40 PM | 5 Likes Like |Link to Comment
  • Thursday, January 5, 2012 - Update and December Performance [View instapost]
    Great stuff as always Bill!
    Jan 5, 2012. 10:52 AM | Likes Like |Link to Comment
  • The effects of constraints in U.S. military spending could soon be felt in Wichita, Kansas, where Boeing (BA) plans to close its defense operations. Around 2,000 workers could lose their jobs as Boeing moves work on its aerial-refueling tankers to Washington state.  [View news story]
    Folks in Wichita KS can thank Cesar and his union pals for the move.
    Jan 4, 2012. 11:53 AM | 2 Likes Like |Link to Comment
  • Bank of America (BAC) is increasingly cutting off lines of credit to small businesses and demanding they pay their balances in full or offering repayment plans at very high interest rates, according to an LA Times story. One business owner says he has cut staff from 200 to 80 after the bank told him the $96K debt his business owed must be repaid in full before the end of January.  [View news story]
    Sure, it's 5.75%, opened the business line of credit in 2005
    Jan 4, 2012. 08:41 AM | Likes Like |Link to Comment