Just shorted Boeing at $133.06

MGLICKER · January 13, 2015 1:51AM

Oil rich customers are not so oil rich right now and demand will slow for newer fuel efficient planes.

Win or lose, you have it here in print.

bluelobster · January 13, 2015 2:37AM

Real money?

MGLICKER · January 13, 2015 2:59AM

<< Real money? >>

Yes sir.

bluelobster · January 13, 2015 3:05AM

alrighty, and GL!

do you plan on holding through earnings the 28th?

derryb · January 13, 2015 3:21AM

On the other hand, lower fuel prices will increase airline profit margins. Higher profits, more investment in machinery.

If fuel price drops result in ticket price drops look for more airline ticket sales.

OPA · January 13, 2015 7:15AM

<< Oil rich customers are not so oil rich right now and demand will slow for newer fuel efficient planes.

Win or lose, you have it here in print. >>

you've got cajones

carew4me · January 13, 2015 7:32AM

<< Oil rich customers are not so oil rich right now and demand will slow for newer fuel efficient planes.

Win or lose, you have it here in print. >>

Worthless without share count.

hopsin · January 14, 2015 12:43AM

Gutsy move man. You have a strong stomach. I applaud you for publicly disclosing your pick and letting the board know how your trade is working out. A lot of people on this forum poopoo the picks of others while refusing to disclose their own picks/investments.

Justacommeman · January 14, 2015 2:37AM

<< Gutsy move man. You have a strong stomach. I applaud you for publicly disclosing your pick and letting the board know how your trade is working out. A lot of people on this forum poopoo the picks of others while refusing to disclose their own picks/investments. >>

Indeed. Shoring a high dividend stock is always risky as Glicker also has to pay out the dividend as well. Maybe its only a swing trade

MJ

Overdate · January 14, 2015 2:59AM

Have you taken your $3.22 profit yet?

MGLICKER · January 14, 2015 8:45AM

<< 

<< Have you taken your $3.22 profit yet?

>>

I would take it soon if it were me. Shorting in a bull run gets one stampeded. >>

If it were you, you would have never taken the short position.

MGLICKER · January 27, 2015 2:13AM

Looks like the market is a bit disappointed in earnings and forward guidance.

OPA · January 27, 2015 11:30PM

<< Looks like the market is a bit disappointed in earnings and forward guidance. >>

and BA is up by $3 in overnight trading

Baley · January 27, 2015 11:49PM

Boeing reports surge in fourth quarter profit, sees cash boost in 2015 $137.54 latest print

RedTiger · January 28, 2015 12:00AM

I take a small long position in Boeing @137.5, selling the Feb 123 puts for a tiny premium.

guitarwes · January 28, 2015 12:07AM

LMT, GD, NOC, BA all ticking up this morning.

ricko · January 28, 2015 2:00AM

Shorting Boeing for that reason is probably not the best move....there is another reason though, and you could end up doing well.....Cheers, RickO

MGLICKER · January 28, 2015 2:17AM

Market is showing relative weakness in the face of extremely strong AAPL and BA results. SP500 up only 3 pts. Watching closely the move after the fed statement.

bluelobster · January 28, 2015 2:20AM

Earnings were a blowout, forward guidance, not so much, Of course, all most all companies poo poo forward guidance now, but it's making a bigger run, than one might expect because of the short squeeze, imo.

All time high is 144 will it trade there?

Justacommeman · January 28, 2015 2:21AM

BA printed $141.00. Blue sky all time high. Momentum traders could take this higher the next several trading sessions as it has no resistance.

What is your stop loss may I ask? What is the ex dividend date?

MJ

MGLICKER · January 28, 2015 2:37AM

I Don't use stop losses. My position was based on forward earnings not the last quarter (though I of course would have been happier with a lesser number).

For some reason selling short puts the fear of god into most players. I guess I understand as the risk is considered unlimited. Most folks are content putting say $25K into the market knowing that they can never be asked for another dime if the market goes against them.

Properly capitalized and diversified a well thought out short program allows one to position themselves in the down side of the market.

It has worked well for me but certainly takes time and effort as any investment program does.

rawteam1 · January 28, 2015 2:55AM

<< I Don't use stop losses. >>

A true amateur not to be taken seriously...

MGLICKER · January 28, 2015 3:02AM

<< 

<< I Don't use stop losses. >>

A true amateur not to be taken seriously... >>

Hey. I put one of the trades out for the world to see.

Don't believe that my large short on Amazon in late 2013 or my short on Tesla at $266 (which initially rose to over $280 before the drop) were amateur moves. Neither had a stop loss.

The biggest concern of a short seller is a takeover at a substantial premium to current market price. Let me assure you, no stop loss will offer protection on a $25% after market pop.

....ask the Swiss Franc traders about that.

Justacommeman · January 28, 2015 3:04AM

<< I Don't use stop losses. My position was based on forward earnings not the last quarter (though I of course would have been happier with a lesser number).

For some reason selling short puts the fear of god into most players. I guess I understand as the risk is considered unlimited. Most folks are content putting say $25K into the market knowing that they can never be asked for another dime if the market goes against them.

Properly capitalized and diversified a well thought out short program allows one to position themselves in the down side of the market.

It has worked well for me but certainly takes time and effort as any investment program does. >>

Their back orders are meaty.

I was short more then I was long when I traded for a living.

I don't not like this trade your in, but I hope I'm wrong. If you really liked shorting this into earnings at $133.00 then logic dictates that you should LOVE it more here (and short more ) OR close your trade into any weakness.

MJ

MGLICKER · January 28, 2015 3:18AM

S&P close to flat now with Nasdaq up only the AAPL jump and the Dow up only the Boeing rise. No follow through on the rest of the market.

Ooohhhh Janet!!!!

carew4me · January 28, 2015 3:45AM

Fact: Very small percentage of full time traders are successful at active trading. Percentage drops to miniscule levels for regular Joe's.
The statistics say that the possibility that one of the successful people happens to also piost on this board given the tiny audience... is even harder to believe.

MGLICKER · January 28, 2015 4:02AM

<< Fact: Very small percentage of full time traders are successful at active trading. Percentage drops to miniscule levels for regular Joe's.
The statistics say that the possibility that one of the successful people happens to also piost on this board given the tiny audience... is even harder to believe. >>

So you are calling Justacommeman a liar?

MGLICKER · January 28, 2015 4:31AM

Took half an hour but Janet just sent Dow and Nasdaq negative.

Baley · January 28, 2015 4:37AM

<< Took half an hour but Janet just sent Dow and Nasdaq negative. >>

Janet is always negative because she suspects Jack and Chrissie of "getting it on"

Sooo, how many shares are you short? The figure you threw out earlier in the thread implies around 200 shares.

No need to answer of course, but one assumes by posting the short, that you wish to "share" some information.

One also assumes that it's not just a share or two, but an amount substantial enough to "matter" and cover the transaction cost, any interest paid to hold the position, and of course, what the proceeds from the short are invested in as an alternative.. or are the proceeds held in Dollars?

MGLICKER · January 28, 2015 4:48AM

<< Janet is always negative because she suspects Jack and Chrissie of "getting it on" >>

....and for good reason.

The number of shares shorted is like asking how many ounces of gold an investor bought. Not really relevant unless you know what percentage of their net worth that it represents.

Though I would hope not to, I could sustain a doubling in Boeings price without significant damage to the Glickerville estate. Now if the broader market doubled as well, taking my other shorts with it, the damage would be substantial.

Justacommeman · January 28, 2015 6:18AM

<< 

<< Janet is always negative because she suspects Jack and Chrissie of "getting it on" >>

....and for good reason.

The number of shares shorted is like asking how many ounces of gold an investor bought. Not really relevant unless you know what percentage of their net worth that it represents.

Though I would hope not to, I could sustain a doubling in Boeings price without significant damage to the Glickerville estate. Now if the broader market doubled as well, taking my other shorts with it, the damage would be substantial. >>

So why even bother posting this? Posting just to post? What was the purpose? I worry about you. I know I shouldn't.

MJ

MGLICKER · January 28, 2015 6:24AM

<< So why even bother posting this? Posting just to post? What was the purpose? I worry about you. I know I shouldn't. >>

I don't like to share specifics online. I'll drop you a PM with the number of shares.

Justacommeman · January 28, 2015 6:57AM

<< 

<< So why even bother posting this? Posting just to post? What was the purpose? I worry about you. I know I shouldn't. >>

I don't like to share specifics online. I'll drop you a PM with the number of shares. >>

Not really the point. No need to share with me.

Good luck on the trade.

MJ

renman95 · January 28, 2015 7:29AM

If ain't Boeing I ain't going.

MGLICKER · January 28, 2015 7:31AM

<< If ain't Boeing I ain't going.

>>

Unless the Airbus has a Sushi Bar!

carew4me · January 28, 2015 7:58AM

Though I would hope not to, I could sustain a doubling in Boeings price without significant damage to the Glickerville estate. Now if the broader market doubled as well, taking my other shorts with it, the damage would be substantial.

bidask · January 28, 2015 8:52AM

<< Took half an hour but Janet just sent Dow and Nasdaq negative. >>

Better to have shorted the entire market rather than BA, you think?

mariner67 · January 28, 2015 9:29AM

Remind me again exactly what this post/thread of one individual's stock market activity has to do with precious metals.

rawteam1 · January 28, 2015 9:45AM

<< 

<< Remind me again exactly what this post/thread of one individual's stock market activity has to do with precious metals. >>

Short position = nothing
What this has to do with precious metals = nothing >>

nothing = useless ...
useless = precious metals... Yuuuup....

bluelobster · January 29, 2015 12:59AM

Trading alert, I just sold my call options so you know this stock is going higher in the immediate future ;~

OPA · January 29, 2015 1:10AM

<< 

<< 

<< I Don't use stop losses. >>

A true amateur not to be taken seriously... >>

Hey. I put one of the trades out for the world to see.

Don't believe that my large short on Amazon in late 2013 or my short on Tesla at $266 (which initially rose to over $280 before the drop) were amateur moves. Neither had a stop loss.

The biggest concern of a short seller is a takeover at a substantial premium to current market price. Let me assure you, no stop loss will offer protection on a $25% after market pop.

....ask the Swiss Franc traders about that.

>>

Didn't you also short Facebook?

Baley · January 29, 2015 1:36AM

Kudos for posting a real time trade. That's the danger, though, it's "out there" for the world to follow. Wonder if the BA trade of '15 will be cited in a few years as a win, or be reminded by someone else?

I do not short because I generally do not bet against smart people and groups who work hard every day to make their business a success, even if I think they're doing it wrong.

derryb · January 29, 2015 1:55AM

<< Kudos for posting a real time trade. That's the danger, though, it's "out there" for the world to follow. Wonder if the BA trade of '15 will be cited in a few years as a win, or be reminded by someone else?

I do not short because I generally do not bet against smart people and groups who work hard every day to make their business a success, even if I think they're doing it wrong. >>

But you would sell such a position? When you get right down to it you're betting against them.

Baley · January 29, 2015 3:28AM

Cashing in some chips and taking a walk around the casino, buying a drink here, a sandwich there, maybe playing the slots for a minute, hitting the can, is not the same as leaving a good poker game entirely

hopsin · January 29, 2015 4:03AM

It's ok mglicker...I picked dfs in the investment competition...I also own some shares...look how they have done for me so far this year! Who knows...maybe our fortunes will turn around...I have some sad stock stories to tell...
You have guts to tell the board your pick, win or lose.

Just shorted Boeing at $133.06

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