Cmcsa playbook 2 13 13


Published on

  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Cmcsa playbook 2 13 13

  1. 1. Failed Breakout: SellerContinuously SteppingDownCMCSAVincent Celentano2/13/13
  2. 2. 1. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through and in person. Through, SMB TRAINING offers the “Virtual Trading Floor”, a community through which independent traders (subscribers), as well as T3 Trading Group, LLC traders, observe a virtual trading floor environment (as described below) for educational purposes. SMB TRAINING also offers web-based, interactive training courses on demand.2. T3 Trading Group, LLC is a Registered SEC Broker-Dealer and Member of the CBOE Stock Exchange (CBSX All Trading conducted by SMB Training is done through T3 Trading Group, LLC.3. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.4. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.5. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.6. No relevant positions7. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.”
  3. 3. Big PictureThe SPY trended down from 152.60-151.60
  4. 4. Intraday FundamentalsComcast (CMCSA) will pay $16.7B for GEs 49% stake in NBC Universal,Q4 EPS of $0.56 beats by $0.03. Revenue of $15.94B (+6% Y/Y) misses by $20M. Raises dividend by 20%. Plans to buy back $2B in stock in 2013.Declares $0.195/share quarterly dividend, 20% increase from prior dividend of $0.1625ATR: 0.77ADV: 11.2MSF%: 1.05%
  5. 5. CMCSA was at multi year highs
  6. 6. 41.50 was the last realsupport level in the afterhours yesterday
  7. 7. Reading the TapeIt was very important to read the tape in this stock. CMCSA made a double top against yesterays after hours high in the premarket and then drove down. It then proceeded to hold below this 50c level and never lift by a cent. This is a good place to begin short position.
  8. 8. Initially got short here when Took some risk off when broke 20c there was a seller at 50c by a cent then bought back. Re that would never lift. shorted when the offer was now Scalped some at 30c being held at 32c. Shorted more when 20c broke. Flat into steep downmove and pattern seemed to change. Re shorted whenStarted loading up there was a newwhen the seller at 65c seller. Shorted50c seemed to now 3 lots against thisbe present at 40c.Had most of theposition against40c. Got stoppedout of some when Covered half in frontbroke above but of 41.00 but then Reshorted 2 lotsimmediately Covered risk at previous readded when it when made newreshorted when low at 45c, some at soft began to hold below low, covered forthere was still gap fill at 30c, and the rest 41.00 now. Short momo at 45c andselling at 50c. in steep downmove around more again for momo then stopped out 15c below 90c of other above 60c
  9. 9. Trade ReviewThis stock really couldnt have traded any cleaner. There was a very clear seller during the entire move and gave great opportunities to manage your risk against. Did a good job sticking with it and setting alerts at the proper areas to look for follow throug.