Good to see all sorts of different traders here.

Different rides for different people.

There's Long - Mid - Short Term Traders here and the day traders.

Stocks you all recommend needs it's own DD. You can't say penny stocks are a the worst investment ever, or large caps are the best. It's how you play the stocks in the market is how you make money.

Personally, I play only stocks under 1$. Day trading volume swings has made me lots of money. It's not for everyone, nor should it be.

If your playing life-long term that will see you make your retirement goals, see a financial advisor and play the market long term, never worry bout the ups and downs from the stock market (it's as guranteeed as taxes and death.) and always cost average.

^ good post.

Everyone trades differently. I trade short term. That doesn't make me a pumper or crazy because a lot of my holdings are nder $2. I held APWR last month and it was $18. The fact is, there is a recession, and a lot of big board stocks are shitting the bed. This is no surprise. So then you have penny stocks that, like mentioned earlier, generally do not go with the flow of how the market condtions are. This is where (in my own opinion) the greatest areas of success at this point in time.

I am learning as I go but I have sneaked into a swing trade mindset. I hope people here do not take my advice too seriously because everyone needs to do their own DD. Generally I do not offer advice. I just holler how well im doing or how shitty i've done. ie lleg and frgy on rallies.

Has anyone looked at the balance sheet for visa?
why are half their assets goodwill??

So whats everyones game plan for the visa IPO?
I'm probably gonna buy in and dump it within the week when the stock is bid up, then get back in a couple of week/months when the stock settles back down

The market has really gone to shit. Agree with willcls. Stay on the sidelines with cash or short the fuck out of commodities and high p/e stocks (Solar, agriculture, china stocks).

anyone looking at TMA?

one mortgage company down.

^ LOL, That must be painful, but they knew it's coming, with mortage and housing problem that US is in, ice cold market.

On the side note, i guess i am selling DISK tomorrow, don't want to end up with nothing, dammmmm......

good die TMA, last year they were a 4 billion dollar market cap company now they cant even meet a 28 mil margin call lol going to zero

next up is CFC which will also go to zero lol i feel bad for the CEO of CFC angelo mozillo who is being scapegoated by congress for this whole mortgage mess. he sold a fuck ton of shares before the collapse, not his fault for being smart.

http://www.youtube.com/watch?v=SJ_qK4g6ntM
heheh have a good laugh

ouch, bad entry time to short stock

federal reserve just pumped in 200 billion to help the financial markets

translation: bernanke decides that the federal reserve will trade banks, brokers, mortgage lenders their crappy(lol still rated AAA) mortgaged backed debt paper for govt back treasuries for 28 days..oh ya and at the same time there is a housing crash..reallllll good trade off... if your one of those stupid companies that took on way to much risk on their balance sheets cause no one else wants this garbage since there is no market for it. todays move was just a short covering inspired by the fed. will probably do it again next week at the FOMC meeting. trend is still down in the grand scheme of things.foreclosures and deliquencies payments still going on, and people dip in to their savings and mutual funds(which consist of stocks) during rough times thats just the way it is.
it's great that bernanke ignores energy and food prices when calculating inflation( we all know how fast oil has risen, and a bag of flour was $5 last year and $10 this year) and keeps on increasing the money supply but it's ok for the average american if they only buy american goods and no imports. at this rate 10 yrs from now america will have a choice of buying a $130,000 bmw 3 series or a $90,000 camry or $8000 chinese equivalent. thats right gm and ford will go out of business unless the govt bails them out, they also bundled and sold a fuck load of unsecured debt for car loans backed on "stated income". lol time to get in on the repo business, say what? $200 for 30 min repo job.

sidenote: the options activity in bear sterns today was really crazy. over 50,000 march 30 puts traded. bear last traded at $64. 1 of 2 reasons for this activity. people expect it to drop over 50% in a week and somebody wants to get out or there is an unbelieveably upside move coming in the financial sector and investors have hedged themselves for a slight chance of a crash in which case they can load up on the underlying asset big time.

WINNING BRANDS CORP(Other OTC: WNBD.PK)

Last Trade: 0.0275
Trade Time: 3:59PM ET
Change: 0.0095 (52.78%)

Just got their contract with WalMart, could be an interesting one.

OR Huge Terrorist Attack similar to 9-11. Terrorists are betting that the market will crash. That's what happened during 9-11 terrorist attack. Terrorist bought huge amount of put option on airline companies. They are making billions from the 9-11 terrorist attack.

lol bsc went to the shitter. Should have bought a few of those march 30 puts like everyone else..

wow i feel like throwing up i was about to buy puts yesterday near the close but didnt get filled...i think i wanna cry

anyways...bear stern will probably get taken over and then let the layoffs begin! woohoo

im glad gold finally got to $1000 so they can print it in the newspaper and put it on the front page of magazines.... im not looking for a crash but just a sharp correction

last time i saw that kind of options activity was in august when CFC had a gajillion puts trading when it was in the $30 dollarish range... now its like a $5 stock
lol

Keep your eye on MXD.V!

OMG.. Bear Stearns sold for $2/share! That's a gift to JP Morgan.

Seeing it from $60 to $2 in two trading trades. I can't believe it. I bet tons of investors are going bankrupt on Monday Morning. OUCH!

I am guessing this sub-prime crap is very near the bottom. At least, you can't really get worst than what we expected as Bear Stearns sold for $2 (more like bankrupt).

I am looking for an entry point to buy into the market this coming week.

this is insane....Bear Stearns for $236 million... simply outrageous!

you're surprised? bear stern will not be the only one.
don't you realize the FED is in panic mode now? if you call $2 a share a rescue then it is what it is. there is rumors of Dollar intervention this week as well on top of quadruple witching week lol and fed will cut discount rate by 1% point

this is not insane, bear was leveraged something like 30:1 and they arent the only ones sad to say.

start buying puts and shorting Lehman brothers cause they are next! LEH

this is the trade of a lifetime, they are just as leveraged as bear

Do you think all the investmnet bank are gonna fall hard next week then? GS, LEH, MER etc

what do you think? they all report earnings this week...i dont think your going to hear on the conference call
" great quarter guys keep up the good work" ... the whole banking industry will be going down for the rest of the year at least, stop trying to pick a bottom in this sector; you're just riding the slope of hope down.

the recession hasnt even begun ( on a textbook definition basis) and the fed is using all of its firepower at the beginning and is pretty clear that they are making snap decisions as they go along on a daily basis

they lowered the discount window to banks on a SUNDAY?! they couldn't wait 2 days when they announce fed fund rate? which will probably be 1% cut which is pretty much priced in and wont surprise anyone and any expected pop in the market will be undermined

^^ This is a guy who knows what he's talking about. The feds already blew all their bullets and the market is still going in a downward spiral. With more bad economic data coming, along with shitty earnings for the financial sector, don't see how the market can recover anytime soon.

LEH will get killed in the a.m along with the other brokerages. If it hasn't fall 30% in value, I would definitely buy puts on it.

I've just started to look into the investment world. I've noticed a lot of medium to expensive stocks had a huge drop in price in the past few months, all in the dec - feb period of time. What caused it?

Sub-prime crises! I hope you read the news during the past few month.