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Quote:

Originally Posted by Gt-R R34 (Post 6121710)

I'm predicting a 7000 bottom in the next 3 months. hopefully it hits that so I'll feel more confident in the market....

Very strong support @ 8000, look at what Dow did what someone touched its private parts yesterday.

It got a major hardon :haha:

Hopefully we can make it through next week above 8,200, and I am being nice

Quote:

Originally Posted by TRDood (Post 6121334)

say you have $100 (just to make it easier), what would you buy in the next big hit?

before i get into the market, i would like to see other people's views

my list:

20% AIG (just because it's so cheap)
20% AAPL
20% PCZ
20% MA
20% MS, BAC, or JPM

i know they are all from DOW but what are some good or examples of TSX stocks? are they worth it?

none of the above. Without the Earnings, I can not justify their prices as "cheap" compared to 6 months ago.

Well maybe JPM, but I love JPM always and I am biased :D

Save to say this market is FUCKED UP

Made maybe a hundred from FXI, or 50 after everything and the market is @ breakeven

No sense of direction whatsoever, I am staying away.

I HATE LONG-LEGGED

That was a huge headfake today LOL. I got burned so many times these couple of months by holding onto stocks. But I've also learned a lot of valuable lessons from these volatile markets. Now I just follow the market. Longterm trend is down. Any rallies are great opportunities to short. Secure any profits by the end of the day. This is a trader's market.

damn am i glad i got out last friday, so much blood on the street

Broke 8000, lets see if it has enough to down further.

See you guys at 7200 if that happens

there's saying that if just any one of the big three go bankrupt, dow will definitely break the resistance it set last two times, then maybe we gonna start seeing 7500 or lower

For a long term investment (5-10 years), what do you guys think of "Bank of America"
http://finance.google.ca/finance?client=ob&q=NYSE:BAC

its bound to go back up right?? could this end up bankrupt like AIG or.. the lehman brothers?

Quote:

Originally Posted by SiR_vfung (Post 6130718)

look at related companies.

The first one is better than BoA, for now.

Quote:

Originally Posted by Rev (Post 6107219)

lol I'm not on margin, but I'm on short side too

DOG and DUG doing well so far, I think we have a bit of ways to go *down*

Some analysts are going with $50/oil - election rally can only last so long before more grim news come out (ie. AIG burning thru $150 billion, ford/chrysler wanting more money from socialist Obama, auto unions, etc etc)

Ultra short ETF's doing well anyone else taking a glance?

I'm thinking 7000 DOW and shorting C (in addition GM/F) or put options to be safer

Ultrashort ETFs need TONS of time monitoringit, since it trades REALLY wildly

I spent last 2 week trading FXP and FXI while working, had a major headache last Sunday.

I say just let those Auto companies fail and let the market correct itself. I think the market would react better if no bailout money is given to GM, Ford, and Chrysler.
Tomorrow will be a huge day to see if we can hold support.

^how can we hold support if big 3 fails?

that will be a major blow to investors confidence, even though there isnt much left anyway. Thats what I think as a stock trader

As an investor, fuck those big 3s, they have decades to improve their designs, and to shift production focus to more fuel efficient cars, but no, they stayed the way they were.

Oil might have fallen back to the $50s, but people will never look at the big3 cars the same ever again, even with failout money, it's just gonna be a money pit with no bottom.

Quote:

Originally Posted by Rev (Post 6130867)

Ultra short ETF's doing well anyone else taking a glance?

I'm thinking 7000 DOW and shorting C (in addition GM/F) or put options to be safer

I'm riding QID....

DUG Ultrashort oil/gas is up 10% today...

Yes they do tend to trade wildly and not even in the right direction sometimes! Good points

8000 is gone, 7,800 is holding for now

12:19

WTF Questrade executed my stop order of FXP at 88.65

Quote:

Originally Posted by wouwou (Post 6130681)

Broke 8000, lets see if it has enough to down further.

See you guys at 7200 if that happens

see you tomorrow!

Quote:

Originally Posted by S14 (Post 6132568)

see you tomorrow!

Ah its been 3 down days, chances are its a bounce day tomorrow, then some more

loading on GG

Quote:

Originally Posted by Rev (Post 6130867)

Ultra short ETF's doing well anyone else taking a glance?

I'm thinking 7000 DOW and shorting C (in addition GM/F) or put options to be safer

DUG and DOG various ultrashorts did well today!

7,000 here we come. Maybe even 6,500 at this point!

Freaking CIBCs' Jeff RUBIN's ALWAYS wrong. Everytime he says something, go the other way! (ie. oil $200)

Quote:

Markets set to turn corner, Jeff Rubin says

Markets have bled red since September but aggressive moves from central banks and governments to stabilize the financial system may mean equities have reached a bottom, a new report from CIBC World Markets said Tuesday.

"We are cautiously optimistic that we can ride out the balance of the year without any further systemic shocks," said Jeff Rubin, chief economist at CIBC World Markets. In the report, he predicts the Toronto Stock Exchange will close the year at 9,500, and end 2009 at 12,000.

Mr. Rubin notes the colossal government cash injections, such as China's new fiscal stimulus package and another round of stimulus expected from the United States as stabilizing factors. The thawing of interbank lending since the middle of October is also further "easing financial strains," he said.

Yet the "building blocks" for a sustained rally are still not firmly in place. "With credit and liquidity fears abating somewhat, concern is rapidly shifting to one of the other key factors clouding prospects for a heavily resource weighted TSX: the troubled global economy," Mr. Rubin said.

The extent of the downturn isn't fully realized in emerging economies yet, but there "is little doubt" that as a whole, OECD nations are in "outright" recession.

Until sentiment towards the U.S. and other key economies improves, the market will remain "well-below" its recent highs, Mr. Rubin said, noting that on average, it has taken Canadian equities about three years to fully recover from a bear market.

Quote:

Originally Posted by Rev (Post 6132579)

The same as Cramer

I shorted AUY and GG when he said buy gold, especially AUY

I was very happy that week

:haha:

I'm suprised it's already dropping down this much.
If we are in a deep recession then 2009 should be even worse.:eek:

GAY!

AAPL dropped to 80.00 today!!! and i set a buy at 80.05 for only 11 shares! (i set the buy last night, it should be open all morning)

i was so happy when i saw it on yahoo, but when i logged onto i-banking.. IT'S STILL OPEN and nothing was done!

can anyone explain? i might lose $100 if AAPL bounces back tml =(

It might not seem like a big enough news, but the Chinese Gov't JUST allow any investors to purchase physical gold without any restrictions.

Gold's planned to go up with the bailout, this is just another step towards the $1000 mark

no wonder HSI went up like crazy