<p>Supervalu (Grocery store chain) is laying off 700 in New England. We have two of their stores and I’m sure that they’ll be effective. They are the high-priced supermarkets in town and they are the only supermarkets in town but most people drive outside of town to do their shopping as there are lots of low-priced alternatives.</p>
<p>Our local supermarket moved from an old location and kept the lease on the old location so a competitor couldn’t move in. They were the anchor for the strip mall so the rest of the mall died and has been dead for a while.</p>
<p>Not much happening here. Sold QQQ 11/17 62 puts. May get into aapl with a combo bull - put spread. Looking to buy something today but not feeling particularly confident. As far as emotions - I find them very useful. You cannot get greedy when others are fearful unless you understand fear and to some level feel it yourself.</p>
<p>Just had a look of the $SPX against the NYSE new lows chart. Intermediate-term bottoms were last put in in Dec 2011 and June 2012. They were marked by NYSE new lows from 180 to 200.</p>
<p>Yesterday and today constitute a spike up but only to around 67. Extreme readings indicate capitulation which we haven’t seen yet. The action yesterday and today breached three-year trendlines for the major indices.</p>
<p>I read an article this afternoon on the Fiscal Cliff and its effect. It would cause a huge amount of pain in the short term (a recession) but the jobs picture and the economy overall would be in better shape for the long run. Things would get better around 2015. This was put out by the CBO.</p>
<p>There are a number of indicators showing that the market is near term oversold. The spx breached its 200 day mvg today. Both the dow and nasdaq (led by aapl) have tanked. I think the selloff is BS and shortly will provide a good opportunity to buy. People are going to make a lot of money in this market over the next 6 months - either going long or short. Meanwhile, my spy put spreads are generating some extra cash.</p>
<p>I just don’t understand why people listen to Harry Dent. He has been wrong more often than he has been right. I bought his last book and it was so poorly written I couldn’t finish it. </p>
<p>PBA looks good but it is a Canadian company. They have big taxes on their companies.</p>
<p>I keep reading that WTI crude will drop to $80. If it does, I will write naked puts on the futures like crazy. Unless we enter recession, it looks like WTI may be bottoming.</p>
<p>“The fiscal cliff, slowing global growth, and profit margins are the top concerns companies have voiced in third-quarter earnings conference calls, according to a Goldman Sachs Group Inc. report Thursday.”</p>
<p>A decent article with an overview of the market covering the basics. Consumer discretionary did very well up until it’s own cliff and now is tanking pretty hard. Outside of guns and gold.</p>
<p>Cisco got downgraded this morning and is down 2% premarket. I think that rallies are basically selling opportunities. The Fed can do another QE injection on 11/14 so maybe the market can get some relief there. It would be nice to get a huge selloff to put in a bottom - but I think that it would only be a tradeable bottom until there’s better certainty on the rest of the problems out there.</p>
<p>I have margin in my trading account and proceeds are available immediately after a sale.</p>
<p>In my 401K, I don’t have a margin account (I don’t think that it’s possible). So they have a rule where you can use the proceeds to buy other things immediately. But you can’t sell the second security until after three days. If you do sell it after three days (they don’t stop you), they will send you a warning letter. If you get three letters in three months, you are in trading jail - that is, you have to wait for three days to get your proceeds. I assume that this strange set of rules is some kind of Federal or SEC requirement.</p>
<p>You should contact your brokerage firm to ask them what the rules are for your account.</p>
<p>A big lockup in FB expires this week. Could be the bottom for FB. I’m planning on putting in a very low limit order to see if I can steal a few shares. Time will tell.</p>
<p>It isn’t actually energy self-sufficiency - only sufficiency in net terms. Oil sands crude has various problems associated with it - my guess is that we prefer Saudi crude to what we get from oil sands.</p>
<p>Increasing sufficiency also requires a price above $80/barrel.</p>
<p>I looked at the chart yesterday and it looks like a hammer bottom.</p>
<p>There was an article about Apple’s drop being due to higher capital gains taxes for 2013. Apple is still up a lot for the year and some may want to book gains ahead of uncertain tax rates ahead.</p>
<p>BTW, I do think that there are revenue gains and new product launches ahead. Windows 8 is running into a lot of problems (people are finding that tablets > 10 inches are pretty heavy to hold for a long time).</p>
<p>can anyone suggest a book that covers more information about understanding form 4?</p>
<p>I understand that inside buying affect the stock price – tend to increase investor confidence. I know some basics. </p>
<p>Please help me clarify this.</p>
<p>I was following a certain stock, and today form 4s were filed by 3 insiders. It’s table 1, and the price was 0. Table II was blank. This is actually a significant increase in their holdings- almost 50% more. </p>
<p>How do I interpret this? Why is it even zero? Can someone give me some idea?</p>
<p>I have limited financial background. </p>
<p>Anyone here care to explain or direct me to a site or book that can help me understand this type of transaction?</p>