International markets traders banter

Starcraftmazter · 20 March 2012

Apple does a dividend and a share buyback - it's sp moves beyond $600, dragging everything up with it. See this is precisely what I meant.

Also, what sort of a company spends half of it's cash reserves propping up it's stock value? Like...what does that say about their capital management? Surely that money would have been better invested into something.

professor_frink · 20 March 2012

Starcraftmazter said:
Apple does a dividend and a share buyback - it's sp moves beyond $600, dragging everything up with it. See this is precisely what I meant.

Also, what sort of a company spends half of it's cash reserves propping up it's stock value? Like...what does that say about their capital management? Surely that money would have been better invested into something.

Obviously not, otherwise they'd do that and not pay a dividend

Like...I think they may have thought a little bit about what to do with that large chunk of cash.

Timmy · 20 March 2012

Starcraftmazter said:
More like because their products are insanely marked up. $500 for a Gig of ram? Please.

You are now trolling.
The topic of your misunderstanding of how indices are calculated and how individual company's share price can move an index may well be a topic for another thread, which you are free to start.

This thread is for traders. Do not post in this thread unless you are willing to engage with reason.

sinner · 20 March 2012

Starcraftmazter said:
You posted two stupid images

For the record, I thought the images were both great!

Maybe it's a geek thing.

Nice move up in the EURUSD last night which I missed, because I was watching Spartacus: Vengeance.

frinky

At best I reckon we track sideways for a couple of weeks

I tend to agree, but with a twist. Considering how low volatility has been (I see EURUSD, CL and ES all hitting twelve month ATR lows) will we get a volatility 'spike' that will act as the sideways range boundary? Much like the action pre/post flash crash and pre/post Jul/Aug 11.

Time to start lowering position sizes, increasing stops and generally being more careful/nimble on the discretionary side.

Timmy · 20 March 2012

sinner said:
For the record, I thought the images were both great!

Maybe it's a geek thing.

Nice move up in the EURUSD last night which I missed, because I was watching Spartacus: Vengeance.

frinky

I tend to agree, but with a twist. Considering how low volatility has been (I see EURUSD, CL and ES all hitting twelve month ATR lows) will we get a volatility 'spike' that will act as the sideways range boundary? Much like the action pre/post flash crash and pre/post Jul/Aug 11.

Time to start lowering position sizes, increasing stops and generally being more careful/nimble on the discretionary side.

I thought the moves in AAPL on Thursday were suspicious, and when I heard the news there was to be conference call on Monday I was sure last night was going to see a sell-off in both it and the market. Wrong (yet again ).

notting · 20 March 2012

This morning I heard, “Apple Euphoria, all good things must come to an end, SP does an 8% dip, at some point during the year, from the years starting price.”
When it starts to sound like that it’s getting closer.

blue0810 · 20 March 2012

notting said:
This morning I heard, “Apple Euphoria, all good things must come to an end, SP does an 8% dip, at some point during the year, from the years starting price.”
When it starts to sound like that it’s getting closer.

Agree 100%.
When ? That’s the $$$$ million question

notting · 20 March 2012

I must think it's NOW!
As I have started adjusting for it!!
However, in general I find it better to ignore myself!

blue0810 · 20 March 2012

I’ve got it ! . BTW I like fruits i.e apple ,lemon ,etc.

sinner · 20 March 2012

blue0810 said:
I’ve got it ! . BTW I like fruits i.e apple ,lemon ,etc.

hahahaha I dunno whether you're being serious or not, but "LULU Lemon" is one of the other (along with AAPL, CMG) momo stocks that everyone loves to hate.

blue0810 · 20 March 2012

didn't know that tacos are the basket that fruits

sinner · 20 March 2012

I am excited about tonights session, no idea which way I'm trading yet it seems.

Trembling Hand · 20 March 2012

sinner said:
I am excited about tonights session, no idea which way I'm trading yet it seems.

I'm excited already,

look at the volume too....... nice market.....

sinner · 20 March 2012

Trembling Hand said:
I'm excited already,

View attachment 46500

look at the volume too....... nice market.....

Those lines look kinda donchy to me : didn't expect to see those!

I am guessing they are for fades since you mentioned getting caught short on that updraft the other day?

sinner · 20 March 2012

sinner said:
frinky

I tend to agree, but with a twist. Considering how low volatility has been (I see EURUSD, CL and ES all hitting twelve month ATR lows) will we get a volatility 'spike' that will act as the sideways range boundary? Much like the action pre/post flash crash and pre/post Jul/Aug 11.

Time to start lowering position sizes, increasing stops and generally being more careful/nimble on the discretionary side.

Sorry to quote myself but I just spotted a rather interesting and related (bolded above) chart on ZH. It's a table produced by GS and since I'm not sure about the legalities of posting it here, I'll just link instead.

http://www.zerohedge.com/news/skewered

Chart title is "Global pricing (% spot): 1m-95% Puts"

ZH (or in this case Capital Context specifically) is highlighting skew and how cheap SPY puts are, but I noticed XJO puts are running even cheaper. 0.38% vs 0.47% for SPY. Qs are running much higher at 0.68%.

Aside from my often retarded speculation in cheap index puts (Taleb wannabe), I run a proper (long) volatility model on the meager sizes I can run, which limits me to only a few indices. Right now it's more interested in GDX than anything else. Seems like Oil is crucifying gold miners.

professor_frink · 21 March 2012

sinner said:
For the record, I thought the images were both great!

Maybe it's a geek thing.

Nice move up in the EURUSD last night which I missed, because I was watching Spartacus: Vengeance.

frinky

I tend to agree, but with a twist. Considering how low volatility has been (I see EURUSD, CL and ES all hitting twelve month ATR lows) will we get a volatility 'spike' that will act as the sideways range boundary? Much like the action pre/post flash crash and pre/post Jul/Aug 11.

Time to start lowering position sizes, increasing stops and generally being more careful/nimble on the discretionary side.

I dunno, this recent acceleration of the rally doesn't really seem to happen very often, well at least not after such a shallow dip anyway, so I'm having a hard time framing any possible future patterns based on the way it has played out so far.

Trembling Hand · 21 March 2012

sinner said:
Those lines look kinda donchy to me : didn't expect to see those!

I am guessing they are for fades since you mentioned getting caught short on that updraft the other day?

Which line are you speaking of?

sinner · 21 March 2012

Trembling Hand said:
Which line are you speaking of?

21147, 20754

Trembling Hand · 21 March 2012

sinner said:
21147, 20754

Oh! No they are just the days high and lows. I was just referring to the expanding range of the 5 min bars and along with that the extra volume.

sinner · 21 March 2012

Aussie ready to pop!

I took a nice one that ran much harder than anticipated, she's still running as I write this so I obviously got out too early. I didn't think R would fail.

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