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07-15-2008, 11:07 AM
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#1001 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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Originally Posted by McDick  I sold GG entirely today near the opening at $52/share and bought lots of MA (Mastercard) shares at around $245.
Also, I have covered all my short position, GM, FRE, FNM, WM, DAL, LVS.
I basically have cash in all my stocks and sitting on the sideline to see what will happen next.
Basically all financial/mortgage stocks are considered 'oversold' at this moment.
Any 'positive' news from any financial/mortgage stocks can send the whole sector and stock market up few hundreds points.
So, I am booking my profit for now. Can't be right cash-ing in my profits.
I am waiting gold for a minor correction before going up to $1000. Watching closely at ABX and GG at this moment.
Gold and GG went up too much too quickly. | 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
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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07-15-2008, 11:34 AM
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#1002 | | I answer every Emotion with an emoticon
Join Date: Apr 2005 Location: Vancouver
Posts: 7,760
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Lol, I wanna learn about stock market & start trading. Where should I start?
__________________
Ignorance is bliss
How I wish I can remain ignorant, why do I know so much?
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07-15-2008, 03:39 PM
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#1003 | | RS Lurker, I don't post!
Join Date: Jul 2008 Location: y
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wat the hecks goin on in the stock market!
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07-15-2008, 05:54 PM
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#1004 | | I answer every Emotion with an emoticon
Join Date: May 2002 Location: pc
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UVSE on my radar..
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07-15-2008, 05:55 PM
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#1005 | | I answer every Emotion with an emoticon
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Originally Posted by q0192837465 Lol, I wanna learn about stock market & start trading. Where should I start? | goto stockcharts.com and click chart school. have fun.
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07-15-2008, 06:50 PM
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#1006 | | Where's my RS Christmas Lobster?!
Join Date: Apr 2006 Location: Richmond
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Originally Posted by wouwou 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 | 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.
Last edited by McDick; 07-15-2008 at 07:02 PM.
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07-15-2008, 08:10 PM
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#1007 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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^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 
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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07-16-2008, 09:27 AM
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#1008 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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Got in and got out with JPM option
free VAIO laptop today
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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07-16-2008, 09:33 AM
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#1009 | | I STILL don't get it
Join Date: May 2001 Location: van
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^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
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asdf
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07-16-2008, 09:56 AM
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#1010 | | Where's my RS Christmas Lobster?!
Join Date: Apr 2006 Location: Richmond
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Originally Posted by wouwou Got in and got out with JPM option
free VAIO laptop 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.
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07-16-2008, 09:58 AM
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#1011 | | Where's my RS Christmas Lobster?!
Join Date: Apr 2006 Location: Richmond
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Originally Posted by willcls ^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 |
Just my opinion.. i think Mastercard is a better buy than Visa. . . that's my 2 cents tho...
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07-16-2008, 10:01 AM
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#1012 | | I STILL don't get it
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Originally Posted by wouwou Got in and got out with JPM option
free VAIO laptop today | i want free laptop
fk it im in.. buying 10 july 30 calls @ $4.10
holding for earnings tommorow 
__________________
asdf
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07-16-2008, 10:04 AM
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#1013 | | Where's my RS Christmas Lobster?!
Join Date: Apr 2006 Location: Richmond
Posts: 862
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Originally Posted by willcls i want free laptop
fk it im in.. buying 10 july 30 calls @ $4.10
holding for earnings tommorow | 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.
Last edited by McDick; 07-16-2008 at 10:08 AM.
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07-16-2008, 10:16 AM
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#1014 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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^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
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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07-16-2008, 10:19 AM
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#1015 | | I STILL don't get it
Join Date: May 2001 Location: van
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^i have 4 monitors... 2 22 inch and 2 19 inchs
__________________
asdf
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07-16-2008, 10:42 AM
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#1016 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
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^
did NOT think of that
although not likely for me to get the same setup in my work :P
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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07-16-2008, 10:51 AM
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#1017 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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Originally Posted by q0192837465 Lol, I wanna learn about stock market & start trading. Where should I start? | 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
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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07-16-2008, 11:41 AM
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#1018 | | Wunder? Wonder?? Wander???
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Originally Posted by McDick Just my opinion.. i think Mastercard is a better buy than Visa. . . that's my 2 cents tho... | 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.
__________________
Boo
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07-16-2008, 11:49 AM
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#1019 | | Where's my RS Christmas Lobster?!
Join Date: Apr 2006 Location: Richmond
Posts: 862
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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).
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07-16-2008, 11:51 AM
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#1020 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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Also picked up FNM and GG just now
nothing significant compare to the morning though
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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07-16-2008, 11:56 AM
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#1021 | | Blood tests positive for LOL mod
Join Date: May 2002 Location: World
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Originally Posted by Scoobysnax 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. | As in good wild ride, or bad wild ride?
Last edited by Mananetwork; 07-16-2008 at 11:58 AM.
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07-16-2008, 12:02 PM
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#1022 | | I STILL don't get it
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oh snap airlines picking up some UAUA oil is looking like its going to fall significantly
__________________
asdf
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07-16-2008, 12:17 PM
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#1023 | | Blood tests positive for LOL mod
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Originally Posted by Mananetwork Etrade has been doing horrible on the market until closing today when news was announced of Scotiabank acquiring E-Trade Canada for $442M | Wish I picked this up the day I posted this! | |
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07-16-2008, 12:42 PM
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#1024 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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Originally Posted by willcls oh snap airlines picking up some UAUA oil is looking like its going to fall significantly | I seriously hope so
Oil goes back up by more than $5 and it will be pointless for my FNM and GG
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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07-16-2008, 12:45 PM
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#1025 | | Blood tests positive for LOL mod
Join Date: May 2002 Location: World
Posts: 12,999
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Originally Posted by wouwou 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
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