Oops, I forgot to mention something too.

Don't borrow to invest, that's called GAMBLE:D

I think McDick means you can lose more then you invested if ya sell calls/puts...

hope everyone is loaded up with gold ;)

rumor is that one of hte big 3 auto's in US is going to file for bankruptcy, this will be worse than bear sterns.

Shit if that happens I am getting into bonds

big 3 going down = back to 2001

can anyone enlighten me on actually how to buy gold / oil etc???

you can buy securitized versions of gold such as etf's/trusts, buy gold mining stocks,physical gold through coins, or if you want to evade taxes buy gold jewelery from a pawn broker and sell it back to him later.

anyways in terms of trouble i guess GM ranks first then Ford, then Chrysler. It is bound to happen i guess, mortgage defaults, soon car loans will default, student loans( short sallie mae SLM) everything associated america is going in the shitter

I love my Gold Corp (GG)...

Yes.. I think either GM or Ford is going to file Bankruptcy real soon.
The market hitting new low and will test 11,000 real soon. I don't know what will happened if it break below 11K mark.. everything going into the shitter.

Citi Financial is next in line....

I am stlll LONG in oil and gold. Good to see US getting deeper and deeper into the shitter.

No matter cutting rate or not, i will not going to help US economy at all.
Cutting rate = housing market will worsen but help to fight inflation.
Not cutting rate = able to stabilize housing market problem, but inflation go up through the roof.

Good learning period on stock market right now..

Happy to cut my loss to get out of JPM yesterday

Good company, BAD timing.

On the other hand, GG FTW. Got in 36, got out in 43, got in again in 39, see what happens tomorrow if I should bounce again and sip on some nice delicious OJ :D

The market can suck my nuts today. If I knew what was going to happen today, I would have gotten out from everything.

Every time I see gold and oil go up, it's not long till it goes up some more.

Yes.. good that you are willing to cut your loss. Don't let it ride and hope for a rebound in this market. "Let it ride" rule can kill you.

I sold 50% of my GG shares right before closing. I hope GG can break 52 week high soon and start to profit some real good money. I got majority of my GG shares around $37.40.
Can't complain too much about this market. Feel bad for baby boomers who owns financial and car manufacture stocks as their retirement money.

I have a stop @ 44 in place just in case, but yeah, cutting losses and know when to pull out is the 2 most difficult things to do in terms of investing.

Forget about TA, it is the people that you need to analyze imo.

I sold off half of my holdings back in May and right now I am using roughly 40% of my portfolio. Half in GG, half in ultrashort that I just got in today.

haha markets bombed today but FRGY up 16%.

I'm curious, what is everyone holding coming into tomorrows action?

GG and FXP

but I usually dumps FXP on a daily basis

The chart doesn't lie.

The chart tells you everything you need to know. For example, the chart is telling what kind of people run company X. Why? It's because the 95% of longs analyze the shit out of the people who run company X so the chart reflects it. What i'm saying is, the research is already done for you like I said, it's reflected in the chart.

I don't mean to brag but I am up 152% this year so far based strictly on T/A, so don't bash it! :D

Cool. I picked up FRGY a couple days ago at a penny. It is in a consolidation period now after a downtrend.. looking for a reversal here shortly.

GL everyone :D:D

AEM, CEF, HGU.TO, GLD, SLW/wt.TO and some shipping stocks DRYS and EXM also a little natural gas UNG

FXP is a wild ride, hang seng can probably go to 20,000, that would definately suck tho

ugly day today...looks like $1.50 at the gas pumps earlier then July 1st

Citi group isnt going anywhere, the fed wont let any bank go down- they will lose consumer confidence.

second. if feds cut rate- this will lower borrowing cost- hence people can buy homes at cheaper rates. but if they cut rates. inflation will go up - so this doenst help fight inflation. it will also help boost economy

if they DONT cut the rate- then this will help inflation- but will be bad for economy.

Right now they are not increasing rates because one- if they do. economy will get worst. they rather help the economy then fight inflation cause helping the economy is more important than fighting inflation- which is what the feds are thinking. . .

Right now I dont think C should worry about lending cost.

It's all those hidden mess behind their balance sheet that is going to sink the stocks. The mortgage problems are just the cause to a much much bigger problem

GG just hit it's record high today. Still a good place to invest or time to cash out?

Wait for the pull back, get in before July 20th give or take and get out before July 31st when GG reports the quarter

I dont think they did as good with high cost of fuel and unhedged Gold prices.

Just my 2 cents

rr of course

late 2008/ early 2009 gold will probably be $1350, oil at $185

GG can easily hit $50 short term, i dunno i feel comfortable holding over the weekend my gold positions.

http://www.ft.com/cms/s/0/5541c9a6-4...0779fd2ac.html

vietnam cant control inflation, they are stopping imports of gold lol

FRGY broke resistance today like I guessed.. up over 50%.

Made around $1,500 today :)


http://i23.photobucket.com/albums/b3...liine/frgy.jpg

^

Grats! I wish I have more time to spend on research. Right now I am sitting on 30% since May because I only did like 10 trades

^ still can't argue with that!