Lumber Liquidators Liquidation, 1 Minute View

Added on by C. Maoxian.

Interesting one, got active at 10:32, scanner should have alerted you. Reported earnings but included the paragraph about a possible Department of Justice investigation not in the 8-K but in the 10-K, which people only discovered later? Maybe there was a conference call and something was revealed on it that caused the stock to go into freefall. Anyway, regardless of the news quick witted traders could have shorted this thing for some serious money.

Click to enlarge

Charts of Note, Fri. Feb. 6, 2015

Added on by C. Maoxian.

Six today: EOX, EXPE, HRS, TPX, XLS, YELP.

I'm going on vacation today for Chinese New Year and will be back at the end of the month, so this will be the last post for awhile. I don't know if I'll continue doing Charts of Note since I'm not sure how much value it adds.  Might be better to do an after-hours report?  We'll see.

Bloomberg Most Popular Newsletter Disappears

Added on by C. Maoxian.

Bloomberg.com is blocked in Mainland China so I relied on their daily "Most Popular" email to scan headlines every day. It appears that the newsletter is no longer being sent. The horrific re-design of the Bloomberg website is probably to blame. What a mess. When I had a Bloomberg terminal I found the most read function <READ> incredibly valuable because my fellow terminal subscribers filtered the news for me.  The most read stories on the website aren't the same thing, but still useful.

Glu Mobile Pop, 1 Minute View

Added on by C. Maoxian.

GLUU reported earnings after the bell but began to behave strangely just after 3 PM.  It was possible to get long it at $3.71 with a $3.65 stop.  Once again turned out to be better to carry it through earnings than try to be tricky and trade it and only make a dime.

Wendy's Pop, 1 Minute View

Added on by C. Maoxian.

Again, it would have been a very difficult play. Wasn't at my desk but I assume given the pre-market activity the scanner would have picked up on it ... it is Nasdaq listed though and a LOT of stuff moves at the open ... this was done by 9:38 AM, so... 

ETF Trading Portfolio Update -- February 2, 2015

Added on by C. Maoxian.

Interestingly four out of five of the longs put on back on November 3, 2015 reversed together (all scratches, more or less) ... now again short the Dow, the S&P 500, Small Caps and Tech.  We'll see if we get whipsawed out once again or if the timing of these shorts will stick.

VimpelCom Pop, 1 Minute View

Added on by C. Maoxian.

Unusual activity in VIP at the open ... sold stake in something ... in Algeria ... who knows ... you would have had to be super quick not to get burned here ... unless you just blindly held into day end. 

RadioShack Delisted

Added on by C. Maoxian.

During the dot com bubble RadioShack hit $79.50 a share, now a zero.  Nearly every day I use my RadioShack battery tester. That little $5 tester has probably saved me thousands of dollars over the last decade ... you should get one too.  

Charts of Note, Mon. Feb 2, 2015

Added on by C. Maoxian.

Only one, Sysco (SYY) ... not Cisco (CSCO) ... fun fact: Cisco hit an all-time high of $82 on March 27, 2000. I owned a lot of Cisco back then and considered myself a real genius. Felt less smart when it hit $8.12 on October 8, 2002. That's exactly a 90% drop and I've never sold a share.

GENE Boom

Added on by C. Maoxian.

Not sure what the news was and don't care... wasn't at my desk last night so I'm not sure if the scanner would have alerted me to that 11:30 bar where it broke above the 10 AM bar ... probably not.  Thinking Larry Williams' old rule of just holding into day end works best, though I'm always interested in getting the best time-adjusted return (not just risk-adjusted). The low of that bar is 2.30 ... 20 cents of risk.

Freescale Semi's Pop, 1 Minute View

Added on by C. Maoxian.

Electronic Arts was moving over on the Nasdaq at the same time that Freescale was on the NYSE ... hard to keep an eye on both exchanges in the heat of battle (at the open) ... FSL would have been the better trade, we now know. Previous all-time high $26, so there was open sky above.

Found a trader on StockTwits who faded this move successfully. I don't understand his methods, but you can read his post and look at his charts here.  I'm *always* interested to see how other people view things. 

Electronic Arts Pop, 1 Minute View

Added on by C. Maoxian.

Again, a mover at the open ... had been creeping up after hours since reporting earnings ... would have been better just to carry into the close ... risk reward not wonderful trading it ... not a loser anyway.