Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Vinayak
-
Content Count
236 -
Joined
-
Last visited
Everything posted by Vinayak
-
I sincerely hope you are right and you do make a fairly convincing TA argument, but the fundamentals are a tough pill to swallow. We have the overhanging debt that is going to eat away at the little economic recovery we've been able to muster as of late. The S&P downgrade of the US credit rating to AA was a bad blow in itself, but now there is talk of more credit agencies doing the same. It is well agreed by many analysts that the fiscal agreement was premature and does not represent a solution to the long-term problem. But they really had no choice given that the impending tax cuts and spending increases were so close and would have led to a double dip recession if the U.S. government failed to act. The only thing that can really rescue this economy is if Clinton is indeed right and that the Obama policies do take effect as we move further into his 2nd term in office. There is also a chance of another tech boom on the scale of the one in 90s driving the U.S. economy to new heights; we had a miniature one recently but it's sufficient. There is a part of me that feels as if the U.S. is taking a step back to move two steps forward because the economy is definitely adjusting to the changes that are taking place across the globe. We need to let the bad jobs go (to China, India wherever) as Obama said and embrace the change to a knowledge economy with high tech manufacturing here in the U.S.
-
I actually didn't see the point of a thread like this. TA forms the cornerstone of my trading and any claims of randomness is utterly ridiculous. These are the very same people who state that you have to be 7 foot 6 to be good at basketball (NBA type). I agree that the markets are subject to erratic movement and even the best among us falter, but there are too many chartists making too good a living out there for me to buy any randomness argument. Its simple economics then; it would be awfully easy to make money and everyone would be doing it.
-
An update here as this thread hasn't had any in quite a while. Gold prices have been up and down lately. There has been mixed data coming out the US as of late with the most recent release being the unemployment rate and the job numbers that have been disappointing to say the least. The US trade balance has widened as well falling to -48.7B. There is almost nothing positive coming out of the US in terms of the economy, yet we see the gold prices slumping. Crude oil is slumping and this is to be expected after the US Crude Oil Inventories rose by 1.3M barrels and now we have higher inflation in China to top it off.
-
EUR/USD will continue its bounce and it should touch 1.34 if not today then definitely on Saturday even with the absence of any market events or publications that could affect weekend trading. The US economy is still a problem with the unemployment rate and job numbers turning out to be disappointing. Then we have the elephant in the room which is the debt hanging overhead. The Euro has appreciated as the US dollar fell with the ECB interest rate remaining unchanged at 0.75%. ECB President Mario Draghi was hawkish in his opening remarks at the press conference that drove the Euro upwards.
-
Imation (IMN) acquires Nexsan for $120M and this means puts are the order of the day. Imation has actually been on a downtrend and it is at its 52 week low, but this does not matter. It is the big acquisition that matters for stock traders. Acquisitions of this scale are a good opportunity to trade options as they give you the chance to make money fast with some certainty. An acquiring company (in this case Imation) usually will see its stock dive after an acquisition for a number of reasons. I would do weekly and even hourly puts on Imation above its current trading price of $3.83 a share. eBay (EBAY) headed for bull flag breakout This is the prime example of a breakout stock and you want to buy calls at the current trading price of $52ish as several Wall Street analysts are very bullish about this ecommerce giant stock. The fundamentals have basically made analysts give eBay a buy rating with a P/E ratio of 18.05 and EPS 2.93. The EPS growth over the last year has been good with a 21.62% growth rate in 3Q12. Profit margins have also been impressive with 17.54% figure in Q3 2012. The figures look better than Amazon (AMZN) and you know how bullish I was on that. Analysts fully well expect eBay to beat its earnings expectations in its next big event which is the Q4 earnings report on January 18, 2012.
-
Hey Guys! My name is Vinayak and I am quite an active trader. I am very happy to have found this highly informative forum! I suppose the first thing I should have done was to introduce myself here. Better late than never, I guess. I have done a lot of trading on tech and finance stocks. I am passionate about these sectors and I do have a fairly uncommon knowledge of the tech industry which is probably a given seeing that I do reside in San Francisco, CA. I look forward to sharing in the discussion and learning from the tips. Regards, Vinayak
-
Wells Fargo (WFC) is a breakout stock with its 4Q12 earnings report to be released on Friday. I am pretty confident that these highly anticipated round of earnings reports releases will see the relevant stock soar as I much expected with Alcoa (AA). Amazon (AMZN) has also had a good week, but what's not to love is the high P/E ratio of 3561.35. This makes me tilt to its competitor in e-commerce EBAY (EBA) which seems to have better fundamentals. The interesting thing to note is that both these really large growth stocks are getting mighty close to their 52 week highs.
-
21 Ways Rich People Think Differently
Vinayak replied to MadMarketScientist's topic in General Trading
This is such a great list! I love and agree with all the quotes. I am going to bookmark this! -
The good news is that you don't have to worry about the fiscal cliff for now, but I know exactly what your talking about. It is how will the USD do in the long term? In the short-term, the greenback has been on the ascent and in the past week it hit its two-and-a-half-year high. But there are several reasons why this is very temporary. And this is coming from one of the biggest fans of the US out there. The fiscal cliff that you brought up was not handled well and it will rear its ugly head in the future forcing the US into another recession. Then we have the QE3 that is going on that will further soften the USD along with the discourse about lifting the debt ceiling that is very concerning. This brings me to the worst-case scenario of more rating agencies downgrading the U.S. to a AA rating.
-
S&P 500 should keep rising! There has been a lot of good news coming out of the US on the economy front with the Fiscal Cliff deal being reached being one. There is also very encouraging Non Farm Payrolls numbers, although the unemployment rate has has persistently remained high. The Fiscal Cliff agreement being reached has surely avoided the much feared double dip recession and now investors can stop worrying and turn their attention to the next round of corporate earnings announcements. Wall Street is long on the index!
-
This is a good call! Well done! I have done quite a bit of commodities trading and especially gold futures and the like. I was so sure that gold would continue in its recent down trend mainly because investors are preparing for the next round of corporate earnings being released. We all know the negative correlation that exists between the price of the precious metal and US stocks think gold reaching an all time high during '08 financial crisis and the 1987 stock market crash among others. It seems that gold is being driven by buyers who are pleased with the recent lower prices of the yellow metal!