exactly what I thought too.

I am waiting to get back on JPM after it settles on/above $35.5. Anything lower and I am not touching it.

GG went up way too much than it should be the past 2 days, due for a correction, might get in again on $47.5

Lol, I wanna learn about stock market & start trading. Where should I start?

wat the hecks goin on in the stock market!

UVSE on my radar..

goto stockcharts.com and click chart school. have fun.

I would not dare to touch any financial stocks right now.
IF I have money that I can really afford to lose, I would buy Fannie Mae and Freddy Mac right now.
I got a gut feeling that all mortgage and financial are "oversold".
Most of them states publicly that they are fine and have enough cashflow.
Freddy and Fannie dropped over 60-75% in one month, do people think they are really going to go bankrupt (even after FED said they will back them up)?
Too much people are shorting the market right now, any positive news or numbers will pop the market few hundreds points. Shorts will quickly scramble to cover their position to lock in their profit.

Also, most companies have lowered their estimated earning number from last quarter. So, it is more likely they will beat it and "maybe" raise their lowball-ed number from last quarter. Intel and Sun Microsystems beat their numbers today and their stock went up after-hour trading.

As of Gold and GG / ABX... they looked really good long term.
Since I am expecting the market to rebound this week, I sold all shares of my gold stocks this morning. But eventually will pick GG up again in the very near future.
US Fed printed another $6-8 Billion dollars to save IndyMac... hmmmm..
Inflation will go up to the moon, so does the price of Gold! It's Christmas time for GOLD!

Above comments only my 2 cents... so for entertainment only.

^sec just announced today to ban naked shorts on financials, so there is a chance for a short term breakout for them from the covering. If jon can find enough support at 35.5, I won't mind jumping on it with a minor position :D

Got in and got out with JPM option

free VAIO laptop today :D:D

^stay with financials for a continuation bounce, be nimble... short some oil while your at it. it's options expiration week and we have financials extremely oversold

picked up some Visa just under $70 today

I am getting new Apple Macbook Pro today due to nice rebound from Mastercard (MA)... nearly 10% gain in less than 24 hours.. not bad..

I am slowly building my position on GG today.. got some at $45.89 today.

Just my opinion.. i think Mastercard is a better buy than Visa. . . that's my 2 cents tho...

i want free laptop
fk it im in.. buying 10 july 30 calls @ $4.10
holding for earnings tommorow:eek:

I am guessing JPM will beat earning since most analysis don't expect much from financial anyways...
Good luck to you...

I am watching all earning numbers closely ... this bounce might not end today... maybe i'll last one more day tomorrow.
But overall... the US market is heading down in the long run...
Inflation will just going to kill US...
I can see EURO hits over 1.60 vs US dollars next week....

Any thoughts on Apple's earning? I have weird feeling that Apple might not surprise the market as much as we thought since they missed iphone sales for almost 2-3 months... hmmm.. interesting.

^Lucky for getting GG for 45.80ish, a REALLY NICE BUY.

I was too busy flipping the coin and see if I should get out or be greedy on JPM Options. not fun when you go all in on options and I strongly recommend against doing so.

right now I am on a 5% position on JPM friday call.

As for earnings, they just completed the BSC deal with heavy compensation packages given out to A LOT of people, so it might do something to the bottom line as a Nonrecurring charge so take that into consideration too. Also remember the rule, buy the rumor, sell the news.

my 2 cents.

P.S, how did you guys have time to read all the charts on multiple companies? I find it hard to focus on more than 3 in 2 industries with a full time job

^i have 4 monitors... 2 22 inch and 2 19 inchs

^
did NOT think of that

although not likely for me to get the same setup in my work :P

do what redliine recommended, and set a few personal rules and follow it through.

Mine:

1, Unless very convinced and have strong support, no position should take more than 15% of my portfolio, and no one industry should take up more than 35% of the port
2, Make it 10% when I need money
3, always have 10% cash on hand, people do stupid things and you need money to take advantage of it
4, If my hands start shaking after a good trade, I am not buying anything else
5, Set a price target, and start selling when it is reached, dont get greedy.
6, trust my own research ONLY

Last and most important rule, if I am not sure, I wont touch it. There always will be a 2nd chance if you have cash on hand.

just my 2 cents.

Right now my hands are still shaking from the JPM Option this morning, so I am not getting into GG

MasterCard is being added to the S&P 500/100 tomorrow, coupled that with JPM earnings, should be a wild ride tomorrow. I already made over 200% on my JUL calls I bought yesterday LOL.

I am still thinking about should I sell my Mastercard shares today or not....
I might just let it ride until tomorrow.

I agreed with wouwou... nothing wrong with taking profit off the market and ALWAYS set your goal (and sell it when you reached it, don't get greedy).

Also picked up FNM and GG just now

nothing significant compare to the morning though

As in good wild ride, or bad wild ride?

oh snap airlines picking up some UAUA oil is looking like its going to fall significantly

Wish I picked this up the day I posted this! :eek:

I seriously hope so

Oil goes back up by more than $5 and it will be pointless for my FNM and GG

I got into GG also, glad I saw the 46.70 dip a couple minutes ago