STOCK MARKET Thread

[leilomo]

made a killing this week on volatility and especially thursdays drop!

got into hod.to at the close hoping for a bounce on monday (8% stop loss set)

[waddy41]

Originally Posted by will068

1 year.


Sorry to hear that. DJIA showed a downward trend with the stochastics, MACD and MA shifting down on Monday. Can't go against the tide that's for sure.

Many thanks..

Ya I wish I read up one AND did some TA before buying...I'm in for a rough ride...

[will068]

Originally Posted by waddy41

Many thanks..

Ya I wish I read up one AND did some TA before buying...I'm in for a rough ride...

Don't forget to spruce up on your Fundamental Analysis as well. Thus, you can recognize fundamentally sound stocks you like and jump in when you find a nice entry point.

So basically, you should look at the following if you are looking at an UPTRENDING Market and will make BULLISH plays:

1. Look at the momentum line, near term, and intermediate line of the major indices (Dow Jones, S&P 500, NASDAQ Composite) to see the fluctuations in the market.

2. Check the Market Sentiment of the indices to get an idea of the general trend of the market

3. Check Industry Group Movements: See where BIG MONEY ( Mutual Fund Money ) are being moved to in and out of which industry group. Keep in mind, when a fund manager will place an order on certain stock in a common industry group, he/she will buy these same stocks over a period of time to avoid sudden jump of price in the stocks. Similar things can be said for a Fund Manager getting out of a stock.

For example, look at the COAL Industry Group. For a month and a half, it slowly went down from the 99th percentile to the 70s at the end of April. You can tell that Fund Managers were getting their money out of the stocks in this group. for quite some time now.

4. Fundamental Analysis:

Once you find the Industry Group(s) of your liking, check the fundamentals of the stock. P/E Ration, EPS, EPS Ranking, Accumulation Distribution Rating, Financial Score, Estimate Score etc.. Also, don't forget to do your normal dude diligence of the company and their products.

5. Technical Analysis:

Once you have pigeonholed your preferred stocks, check the technical analysis to check the entry point, trend, and support/ceiling levels that the stock may have.


Happy trading and do not get discouraged. If you happen to lose some money and become discouraged, I suggest you mess around some Play Money first. Don't feel like you're missing out on some action, there is always opportunities in the market. For the current downtrend we're experiencing, I suggest you look up Put Options.

[waddy41]

I've been trading since 07 and have had some success..
I started with just a few trades a year...and now I'm doing about 2-3 per month

I think I got overconfident with my gains and became over bullish...

Now I know that as I trade more, I have do more research....I also have to be more patient and wait for a good entry/exits..

[gdoh]

i started trading almost comming up on 1 year and ive doubled the value of my book...penny stocks o yea

[TRDood]

um....?

[rymack]

Looks like we are heading down again...sigh

[Jackwimmer]

if the s&p can't hold 1050, were in trouble!!!
but i think it will rebound

[Asce]

so anyone wanna expalin stocks to me in person? tho you may have to come to toronto :P

[1.7El_guy]

Originally Posted by Jackwimmer

if the s&p can't hold 1050, were in trouble!!!
but i think it will rebound

what a big bounce today...just sucks stock market is all a gamble right now since everything happens premarket. you'd have to buy before market closes and cross your finger.

[ehhhwik]

Originally Posted by 1.7El_guy

what a big bounce today...just sucks stock market is all a gamble right now since everything happens premarket. you'd have to buy before market closes and cross your finger.

+1, good up day, anybody pick up some banks today?

[dbc]

Originally Posted by 1.7El_guy

what a big bounce today...just sucks stock market is all a gamble right now since everything happens premarket. you'd have to buy before market closes and cross your finger.

If you're doing quick trades and holding overnight, you're leaving yourself to a lot of unknown risk that could occur throughout the night. You might as well sit on cash and wait for a good opportunity.

[waddy41]

going to pick up royal bank soon
negative earnings news = -$2.60 today

[HonestTea]

FUUUUUUU should've jumped in on C on Tuesday.

[Jackwimmer]

i think were gonna go up just a bit from here or essentially sideways and should end the year at around 1300 for the S&P
i dont think its gonna just shoot up like it did for the past year

[leilomo]

agreed. personally i think we'll be going up for the next little bit. we're just basing ourselves at the bottom of this correction and i think the market's priced in most of the news up to this point. Nothing has changed fundamentally from the february correction; i think this was just another correction after that huge run up until april (stocks cant just keep going up and up right?)

anyways, i'm going long on these stocks
GOOG
V
LUN.TO
KR
SU

[waddy41]

agreed...V looks like a good buy
I'd pick it up if I could...

[ehhhwik]

picked up some LUN and YRI early this week, pretty good so far...

[suzuka84]

pick up southgobi energy, it's due to fly

[ehhhwik]

bought a small position of BP last week, the stock has taken almost 50% haircut due to the oil spill fiasco, and still paying out $0.84/shr quaterly and now trading at 7x earnings, not bad...

any whale/tree huggers here? Hate me now, LOL!!

[1.7El_guy]

http://www.creditcardoutlaw.com/my-b...t-or-what.html

Is BP plc (BP) Stock A Good Buy Yet Or What?

OK, so a lot of readers have been commenting here over the past couple days, wondering if BP plc (BP) stock has become a good buy at this point... just by virtue of the fact that it's so cheap. Its P/E ratio right now is 5.84; compare that to Exxon Mobil Corp. (XOM), which has a 13.54 P/E or Chevron Corp. (CVX) with its 10.82 P/E.

Wait a second, though.

After JPMorgan Chase (JPM) bought out Bear Stearns for only two bucks a share, I believe CEO Jamie Dimon said something along the lines of: there's a difference between buying a house, and buying a house that's on fire. (I could be totally misattributing this quote, but lack the journalistic wherewithal to scavenge through Lexis on a Sunday for the exact blurb, or who said it.)

Anyway -- it's an apt analogy to use here. There's a big difference between loading up on an energy major at a deep discount, and finding yourself stuck with shares of a company that could be soon footing the bill for the largest environmental disaster in U.S. history.

If you're buying a house on fire, even $37.16 per share for BP stock could be way too much. I can't recommend this one to our readers right now.

kinda agree with his view..but the reward might be worth it if bp fixes the spill soon.

[waddy41]

IMO it's not worth it...
$37.16 is steep and there's still a huge mess to clean up and all those lawsuits to follow...

[ehhhwik]

That's a fair argument about BP, that's why i bought a small position, if it flies, great! if it sinks, i wont be losing sleep over it. Don't forget, BP doesnt just have 1 hole in the middle of the gulf of Mexico, its all over the world, oil sands, nat gas, refining, pipe lines, petrochemicals, etc etc, the list goes on...

i don't even know why everybody is pointing their fingers at BP and them alone, people have no idea that Transocean is the actual owner of the oil rig, Halliburton is the company that provides construction materials and does research at the rig, BP is simply the leasee of the rig. Out of the 126 employees at the rig when the explosion happened, only 7 were from BP. I understand good PR and oil companies don't belong in the same sentence, but people need to stop believing everything the news says and use their brain more

[Ferra]

Originally Posted by ehhhwik

That's a fair argument about BP, that's why i bought a small position, if it flies, great! if it sinks, i wont be losing sleep over it. Don't forget, BP doesnt just have 1 hole in the middle of the gulf of Mexico, its all over the world, oil sands, nat gas, refining, pipe lines, petrochemicals, etc etc, the list goes on...

i don't even know why everybody is pointing their fingers at BP and them alone, people have no idea that Transocean is the actual owner of the oil rig, Halliburton is the company that provides construction materials and does research at the rig, BP is simply the leasee of the rig. Out of the 126 employees at the rig when the explosion happened, only 7 were from BP. I understand good PR and oil companies don't belong in the same sentence, but people need to stop believing everything the news says and use their brain more

I also brought a small amount of the stock...
didn't really do any real analysis...but I figure since the stock has a market cap of 195 billions before the accident, and it is now trading at just 100 billions....i doubt the whole thing would end up costing BP more than 90 billions..

Plus, it won't be just BP footing the bill....transocean, halliburton and many other related parties will all be responsible for the cleanup cost as well.

[E N D L E S S S]

I think people are pointing their fingers at BP because I remember when BP, Halliburton, and Transocean were blaming eachother over who was responsible.. the US government kind of called them ridiculous for doing so. Maybe it was a PR move on BP's part to stop blaming others and just try to get the leak stopped/cleaned up asap, regardless.

Also, I think it was last week that i read the cleanup had cost BP $980 mil.. however, their profit from just the first quarter of 2010 was $6 billion. so it would seem that they'd be able to take quite a hit regarding lawsuits and more cleanup costs, etc. and still manage to be financially alright. These are just my limited thoughts, as I haven't read too much into this whole gulf of mexico disaster, just some articles on the globe and watching some of the lang and o'leary exchange haha