Talking Stocks 2.0

[JParm]

I probably spoke too soon above.

A lot of sideways trading today...did buy a NKE call, but other than that, no moves for me.

[JParm]

Strong movement into close today.

We'll see where the end of the week takes us tomorrow...

[Screwly]

Originally Posted by jpeezy14@hotmail.com

Strong movement into close today.

We'll see where the end of the week takes us tomorrow...

Any day in the green is a good day

[kearez]

Originally Posted by jpeezy14@hotmail.com

I probably spoke too soon above.

A lot of sideways trading today...did buy a NKE call, but other than that, no moves for me.

I added more DIS this morning. Nothing huge just averaging down.

[BNA/LION]

Originally Posted by BNA/LION

Good Luck this week to anyone who is Long HRTX! Hopefully we get FDA Approval for HTX-011 by this Friday!

Tomorrow Is a Big Day for HRTX! Fingers Crossed!
https://finance.yahoo.com/quote/HRTX?p=HRTX

[Screwly]

Originally Posted by BNA/LION

Tomorrow Is a Big Day for HRTX! Fingers Crossed!
https://finance.yahoo.com/quote/HRTX?p=HRTX

What’s happening tomorrow?

[BNA/LION]

The series of event for HRTX is as follows;
- Fast Track and Breakthrough Therapy designations granted
- New Drug Application received Priority Review; CRL received 30 Apr 2019
>The CRL identified issues relating to CMC and non-clinical
>No issues related to clinical efficacy or safety were noted.
- Revised NDA submitted 26 Sep 2019 addressing CRL
> PDUFA date: 26 March 2020 Extended by FDA to 26 June 2020
- EU MAA filing by Centralised Procedure in March 2019
- Potential CHMP opinion 2H2020
- Canadian NDS screening completed
- Potential approval in early 3Q2020

The FDA IS going to give there Approval or Not on HTX-011 TOMORROW!

[AshCashEmAll]

Originally Posted by BNA/LION

The series of event for HRTX is as follows;
- Fast Track and Breakthrough Therapy designations granted
- New Drug Application received Priority Review; CRL received 30 Apr 2019
>The CRL identified issues relating to CMC and non-clinical
>No issues related to clinical efficacy or safety were noted.
- Revised NDA submitted 26 Sep 2019 addressing CRL
> PDUFA date: 26 March 2020 Extended by FDA to 26 June 2020
- EU MAA filing by Centralised Procedure in March 2019
- Potential CHMP opinion 2H2020
- Canadian NDS screening completed
- Potential approval in early 3Q2020

The FDA IS going to give there Approval or Not on HTX-011 TOMORROW!

So what you are saying is roll the dice and buy some HRTX tomorrow?

[kieselguhr]

Isn’t everyone already on the INO hype train? I guess who really knows these days

[supernova]

The bank stress tests seem relatively average to positive news, not sure why the bank stocks slipped once it was announced in after hours?

I'm still heavy in financials when I bet on a quick V recovery..

[beshannon]

Originally Posted by supernova

The bank stress tests seem relatively average to positive news, not sure why the bank stocks slipped once it was announced in after hours?

I'm still heavy in financials when I bet on a quick V recovery..

Because their dividends were frozen. Even if they did not want to raise them, having a regulator tell everyone that they are prevented from doing something sends a troubling message.

[supernova]

Originally Posted by beshannon

Because their dividends were frozen. Even if they did not want to raise them, having a regulator tell everyone that they are prevented from doing something sends a troubling message.

Didn't think any of the banks would have raised dividends in Q3 anyway so thought that restriction would have been a non event, even somewhat baked in beforehand..

[beshannon]

Originally Posted by supernova

Didn't think any of the banks would have raised dividends in Q3 anyway so thought that restriction would have been a non event, even somewhat baked in beforehand..

Exactly but people over react and algos follow suit

https://www.msn.com/en-us/money/tops...ow/ar-BB15Ywpl

[derekhayden]

Originally Posted by kieselguhr

Isn’t everyone already on the INO hype train? I guess who really knows these days

I was on this back in Feb and got out at 50% gain. Guess I should have held for more like 700%

[JParm]

https://www.cnbc.com/2020/06/26/with...nes-guess.html

This rings true with NKE's big earnings miss yesterday, while all the analysts were calling for beats. I bought calls yesterday...oops.

No matter for me - I'm adding to my position on weakness, as it's one of the top (if not the best) retailers and was already setting up for a bigger push towards digital, to go along with a CEO with a background in tech.

Numbers were bad, but the conference call itself was good. This will be their worst quarter, according to them, and they are setup for the future. Long-term, you can't beat Nike.

[RyanO]

Looks like I should have waited to add that Facebook

Dipped back into a few names, and even added XOM. Averaged down in my Valero, LVGO, APHA, EBS on the weakness yesterday.


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[sokoloka]

Originally Posted by BNA/LION

The FDA IS going to give there Approval or Not on HTX-011 TOMORROW!

Have until 2.30pm to send that fax ... maybe after hours announcement on Friday or pre market Monday - either way fingers crossed!

[Dusko.Popov]

I loaded 100 more shares of Nclh at $17.40. I didn’t catch the bottom ($15.xx). But I was comfy with it given that I rode $11.xx up to $20.00 a couple of weeks ago before selling for nice gains.

Also added more Delta and rrgb.

At this point the cadence of travel and entertainment stocks is nearing predictability.

I don’t “trade” necessarily but I took some profits and I’m playing off shore oil stocks for swing trades (not savvy enough to day trade but I’ll hold for a few weeks watching crude prices) - ne, Val, cpe.

Added or adding some long to viac (thanks Jp), stor, Spg, and hibb.

Staying in cash, with these market opportunities, is like subprime.

[kieselguhr]

Originally Posted by derekhayden

I was on this back in Feb and got out at 50% gain. Guess I should have held for more like 700%

Hindsight is always 20/20. Also as Brian has mentioned many times, you never go broke taking a profit

[Screwly]

Man this morning is starting out rough!

[JParm]

FB getting crushed with the recent news of advertisers pulling out / going on pause with them.

If it gets much lower, I will look to add to my position.

[mr ling]

Market is indeed interesting - seeing consolidation across sectors. Undoubtedly algos will come and pick up. For me this is business as usual - I stick to individual stocks, and prefer to avoid indexes and ETFs, except for options (mainly iron condors, straddles, and strangles). Regardless of overall breadth and consensus, I stick to simple tried and true methods:
1. I trade price
2. I don't average down
3. I define every trade, every time - I calculate and define my max risk per position
4. I don't speculate. I let trades breathe - that is to say that I let my winners run using trailing stops, and I define aforementioned risk using ATR (volatility) to determine position sizing (overall risk).

Due to volatility and whip-saws I've been trading straddles and strangles for short term, and trade positions ("long term") for stocks. Presently my main positions are: AAPL, NFLX, ADBE, and RAD.

My screener today isn't showing much action for what I'm looking for, which is to be suspected. Cash is an asset, and I am happy to not overtrade, and keeping booking solid gains, and letting current winners run. I do have my eyes on Semis.. ON, MCHP, XLNX, MU, AMD, etc. not going to take a position until I see some solid volume on the buy-side.

Stay safe out there.

[Letsgodiving]

Originally Posted by supernova

The bank stress tests seem relatively average to positive news, not sure why the bank stocks slipped once it was announced in after hours?

I'm still heavy in financials when I bet on a quick V recovery..

"Under the V-shaped scenario — which models a quick economic rebound — banks would stay “well above” their minimum capital requirements, but under the other two scenarios, several of the banks would come extremely close to the 4.5% minimum common equity Tier 1 capital requirement. The Fed declined to specify which banks approached that minimum or how many of the 34 tested fell below the aggregate average, but a senior Fed official said that roughly a quarter of the banks tested approached that minimum threshold under the most severe W-shaped recovery scenario."

"Federal Reserve Gov. Lael Brainard said in a statement accompanying the release that while she agrees with the agency’s move to limit stock repurchases and dividend payouts, even more dramatic actions were likely warranted."

https://www.americanbanker.com/news/...s-test-results

[JParm]

I'm in the green today due to FSLY, SE, LVGO (along with AMZN), which are 3 stocks that I've touted for awhile now.

If you haven't embraced the digital transformation stocks or haven't even looked at what they offer or why they are rising, I would suggest you have a look.

With so much uncertainty in terms of when we'll be "back to normal", even stocks like DIS and NKE (which I'm long) look to be suspect when compared to the 3 I mentioned above. The so-called COVID or WFH stocks aren't going away anytime soon and are really showing the bridge to the future (cloud, e-commerce, fintech, tech in healthcare, etc).

[AshCashEmAll]

Originally Posted by jpeezy14@hotmail.com

I'm in the green today due to FSLY, SE, LVGO (along with AMZN), which are 3 stocks that I've touted for awhile now.

If you haven't embraced the digital transformation stocks or haven't even looked at what they offer or why they are rising, I would suggest you have a look.

With so much uncertainty in terms of when we'll be "back to normal", even stocks like DIS and NKE (which I'm long) look to be suspect when compared to the 3 I mentioned above. The so-called COVID or WFH stocks aren't going away anytime soon and are really showing the bridge to the future (cloud, e-commerce, fintech, tech in healthcare, etc).

What do you think about adding FB and Goog now that they are dipping?


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[JParm]

Originally Posted by AshCashEmAll

What do you think about adding FB and Goog now that they are dipping?


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I think FB at this price is solid.

GOOGL is still a bit high so I would hold there, if it was me.

I am long in both, but only adding a bit to FB here.

[supernova]

FSLY definitely easing some of my pain today but still getting crushed overall by my banks (and everything else)! Thinking of taking those losses and cycling into some big tech today...

[derekhayden]

Originally Posted by jpeezy14@hotmail.com

FB getting crushed with the recent news of advertisers pulling out / going on pause with them.

If it gets much lower, I will look to add to my position.

IMO they are just at the beginning of losing advertisement and I have paused as well.

[JParm]

Originally Posted by derekhayden

IMO they are just at the beginning of losing advertisement and I have paused as well.

I'm on the fence about this, because a lot of the advertisers have only put them on "pause" (Verizon, case in point).

At some point, these guys will have to jump back into the #1 social media site out there, because otherwise you're losing a ton of eyeballs.

The other thing that's big is FB shops, which was recently rolled out. That will be another money-maker for FB outside of advertisements, so there's endless amounts of runway for the company. Just take a look at the recent price targets...I wouldn't bet against the company, especially at this discount.

[derekhayden]

Originally Posted by jpeezy14@hotmail.com

I wouldn't bet against the company, especially at this discount.

Definitely not betting against FB, their not going anywhere. I also agree that at this price it would still be a buy. I will just wait and see for now since there has been more negative attention then normal.