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Originally Posted by 7sins
They bought LMT again today too, purchased last week as well. They were underwhelming on ER, price pulled back, could be a good long term play. Leap options are super cheap here.
What are your thoughts here on GOOG for ER? I love them too, it seems that no ER is good enough these days. AAPL has best quarter ever, blows away every estimate and then falls after ER. Maybe an opportunity for us to add.
If you want to play Silver it is NOT thought SLV and or ETFs. People ALWAYS FORGET that ETFs can issue (or redeem) more shares to match the underlying assets. This is NOT ideal if you are trying to play a momentum trade. That is why I suggested AG yesterday which was positive 22% today, they are a levered miner.
For all of us in FDX, UPS reports before the bell tomorrow. I don't know UPS as well as FDX but if they report a good ER, that should bode well for FDX. Purchased more April $270C today.
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Nice, I have LMT calls for June, been waiting for them to show a clear reversal and then add a few more to lower my cost, and if they are too slow I'll stretch it to January.
FDX June calls for me as well. Could actually be great tomorrow between UPS earnings and AMZN earnings to give us an idea of online shopping and deliveries combined - might be just what we need to get things moving up. I've been averaging down as we go, still in the red on my calls, but I think we'll see things turn around pretty soon.
For GOOGL, they blew out earnings last quarter and gained nicely on a terrible red day for the market. FB had good earnings this quarter so I expect the same for GOOGL. One thing I always keep in the back of my mind for these big companies though is to put in perspective just how massive they are as a dollar amount needed in market cap to see a given % change in the share price. GOOGL is currently valued at 1.3T - so somehow they'd have to justify a 130B benefit to gain 10%, which is a huge sum of money. For AAPL, currently at 2.25T, to get back to their ATH of about 145 their market cap needs to grow by 170B. Its an astronomical amount of money, and despite having blowout earnings, I'm not sure if they qualify them for that extra 170B. At least, that's my rationalization for why they pulled back and why we have been seeing these behemoth companies relatively flat the past few months.