[stylinexpat]

MCP finally paid off before the closing bell. In the last 25 minutes before closing bell the call options doubled.

Oil should climb. OXY earnings should be good next week. Silver should continue to climb with dips here and there.

[AngelinIsRich08]

There seem to be problems getting a debt deal and the deadline is in 10 days. The bill that passed in the house failed 51-46 in the senate today so the chances of something passing in time are slim. Should we pull out? I don't think the losses will be catastrophic but they'll hurt.

[stylinexpat]

Originally Posted by AngelinIsRich08

Oxy earnings come out Tuesday. I will buy Monday and might also get sell to close august puts for it too.

I'm already in OXY and added more of the August $115 calls today. MPEL reports on Monday or Tuesday I believe as well which explains the bullishness. AMD is having a ball today and like I had said before I like AMD and AMD is a buy on all dips.

One I am thinking about now is NVDA which got beat up recently. I hold no NVDA positions. MCP is always good to keep an eye on and buy on the bigger dips or pullbacks because it has really nice bounces. Apple looks ready to retest that $400 mark again. BAC was a great buy at $9.50
I also like and am holding some LVS calls because I feel that their numbers out of Asia from Macau and Singapore should be good. Just hope the numbers out of Vegas do no disappoint.

[AngelinIsRich08]

I didn't want to stick with holding call contracts so I bought several hundred shares of oxy this morning. Apple and google are crazy this month. Oh well, debt deals don't look promising so I'd buy some puts for apple or other big names.

[BayMoWe335]

Debt deal will happen. This is just crap before the deadline.

[AngelinIsRich08]

Originally Posted by BayMoWe335

Debt deal will happen. This is just crap before the deadline.

I don't really care except that taking out hundreds of thousands of dollars worth of stock out would be a nuisance. Would buy puts though, there's always ways to make money.

[AngelinIsRich08]

Wasn't there a couple days in April when the budget wasn't passed and weren't the markets flat? It doesn't seem like armageddon would happen if the government defaults.

[AngelinIsRich08]

Wow, futures down over a 1% already because of no debt deal.

[AngelinIsRich08]

There'll be huge sell-offs this week I think which'll hit the markets even harder. SLV should rise but so many others will fall. Hope oxy doesn't get too affected.

[Vanity]

Originally Posted by AngelinIsRich08

Wasn't there a couple days in April when the budget wasn't passed and weren't the markets flat? It doesn't seem like armageddon would happen if the government defaults.

Tell that to Italy.

[AngelinIsRich08]

At the last minute there'll be a deal and the markets will rise over 3% after a week of losses.

[stylinexpat]

Originally Posted by AngelinIsRich08

There'll be huge sell-offs this week I think which'll hit the markets even harder. SLV should rise but so many others will fall. Hope oxy doesn't get too affected.

Hopefully they will do well. I am still holding my OXY calls. I believe they report tomorrow. I got a bunch of the August $115 calls

MPEL,NFLX, and BP will also be reporting. Was thinking about some BP calls but have not pulled the trigger yet.

[AngelinIsRich08]

Oxy scared the hell out of me early trading, was down over 1.4%. Now up a bit I think. BP should do well too, if you're long oxy Bp should be in the same boat.

[stylinexpat]

AMZN reports tomorrow too. Was thinking about some calls but have not made the move yet. Their sales and earnings for 2nd quarter should not be too bad.

[AngelinIsRich08]

Originally Posted by stylinexpat

AMZN reports tomorrow too. Was thinking about some calls but have not made the move yet. Their sales and earnings for 2nd quarter should not be too bad.

Where do you get this information? I'm always on the lookout for earning report releases. Amzn shouldn't do poorly, I'd be optimistic about them, especially now since borders officially announced it'll shut down all its stores permanently.

[Patrick303]

Yahoo Finance has a page that shows all companies reporting for any specific date.... http://biz.yahoo.com/research/earncal/today.html

[AngelinIsRich08]

NFLX down over 11%. I knew this thing was gonna tank real soon. People probably expected it to hit $300 and bought at $280/290. Short sellers should be happy with what'll happen tomorrow. It's going to keep going down for a while so I wouldn't jump into putting any calls or going long on it. Would buy a sell to close put at $220 or something though.

[gnhm3]

IRE IRE IRE IRE

Made a killing today.

[stylinexpat]

Originally Posted by stylinexpat

BIDU calls should not be too bad. I like OXY for this quarter. They report on or around the 29th of July. I will be buying some OXY calls.

http://www.istockanalyst.com/finance...-seen-stronger

Like I had said about the Bidu calls. BIDU reported and in after hours the shares did quite well.

http://www.google.com/finance?q=NASDAQ:BIDU

[AngelinIsRich08]

Originally Posted by stylinexpat

Like I had said about the Bidu calls. BIDU reported and in after hours the shares did quite well.

http://www.google.com/finance?q=NASDAQ:BIDU

Holy cow BIDU. You think oxy will perform at least half as good as this after earnings come out tomorrow? I will probably listen to their conference call tomorrow. Lol.

[AngelinIsRich08]

Originally Posted by gnhm3

IRE IRE IRE IRE

Made a killing today.

Up 33%? Impressive but I'd treat them as a penny stock as they are only $1.54. Did you have a lot of money in there, they've been going down all year....

[stylinexpat]

Originally Posted by AngelinIsRich08

Holy cow BIDU. You think oxy will perform at least half as good as this after earnings come out tomorrow? I will probably listen to their conference call tomorrow. Lol.

I hope so, I got a shit load of them OXY calls. I also have LVS and a few AMZN calls as well. I expect a market pop tomorrow.