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My Stock Value Strategy Starts Now (1 Viewer)

David Dodds said:
I think it's also an unprecedented time in our nation's history to see stocks so battered. I am not sure I would try all these moves in a normal market. But in this climate there is a lot of movement going on as people are jumping in and out constantly. Not for the squeamish, but I do think with some study there is a lot of money to be made here. About 20 more days like today and yesterday and I might just pay cash for the house I want.
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:banned: I don't you'll see this kind of volatility in a normal market.
 
I slept in, but definitely would have pounced on FAS. I am looking at that today for a possible buy and hold situation (Anything under 8 is value, but I suspect with the market off we may see 7.0) You have to think Tarp II and/or Obamas team willing to buy the bad securities and place them in a Fed "Bad Loan" bank will help this sector bigtime. These are historic low trading prices for the banks. I suspect going long on FAS is a great 30 day play that should make 15-20% at least and possibly a ton more.

 
McBokonon said:
I had bought some JASO Feb 2.50 calls for 0.35 per contract earlier today, up to 0.40 now after the market bounced back for no reason whatsover. I feel like this could be a good one, but went in small for 25 contracts.
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Up 28.57% to 0.45 now. Of course I bet small. :nutpunch:
 
Ten Yard Fight said:
I've got a substantial Citigroup holding at a $3.15 average I'm thinking of moving to FAS. Thoughts?
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Probably safer as FAS measures the whole financial sector so any one bank tanking does not kill the fund. There will be big winners and losers in the financial sector over the next few months I think. The volatility in FAS/FAZ is extreme though (since it is 3X leveraged), but buying in FAS at these levels seems pretty safe to me. All the banks would have to fail for it to drop way lower and if that happens our money is worthless anyway.
 
Pretty much what I was thinking. I want something with big home run potential, but even with all the leverage, it does seem FAS has less risk. So I got out at 3.45 and I'll hope to get into FAS on a brief pull back.

ETA - In at 8.50.

 
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Not sure how everyone tracks things, but I have set up portfolios in google that are very cool. I have an oil portfolio and now a financial one as one.

This makes it easy to get real time updates on 10+ stocks/ETFs all at the same time.

 
Ten Yard Fight said:
The Sniper said:
The Sniper said:
Man, I wish I had a bigger bankroll to take the bite out of the commissions. In DXO at 2.37, think I'm going to let it ride a bit.
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Changed my mind and decided to get out at 2.51 and try some TBT.
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TBT has been incredible for me. Seems like it's up every day. It's made me 25% in a little over 3 weeks.
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Yeah, I'm pretty comfortable holding this one, but there might be a pause before it goes further. I think I'm a little late to the game on this one.
 
Mark Davis said:
DXO spiking up a bit here.
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Yes not buying it at all. What's changed since yesterday when the inventory spiked despite 83% efficiciency (analysts expected less stockpile with more efficiency so this was a big miss. We are using WAY less oil right now and the 80 million barrels from the supertanker will get offloaded if oil goes too high). I like oil longterm, but DXO is overpriced this second in my opinion.
 
Bought 3000 SCO at 31.75.....

I thought I heard missile strike in Pakistan? Is that what happened.....I might be in trouble here.

 
David Dodds said:
Not sure how everyone tracks things, but I have set up portfolios in google that are very cool. I have an oil portfolio and now a financial one as one.This makes it easy to get real time updates on 10+ stocks/ETFs all at the same time.
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Yeah, but does it track realized gains and losses? My Portfolio tracker doesn't, and now I need a new one...
 
David assuming SCO doesn't rebound, would you consider holding over the weekend. Maybe not all of your position, I'm in for significantly fewer shares.

 
Ten Yard Fight said:
David Dodds said:
Not sure how everyone tracks things, but I have set up portfolios in google that are very cool. I have an oil portfolio and now a financial one as one.This makes it easy to get real time updates on 10+ stocks/ETFs all at the same time.
Click to expand...
Yeah, but does it track realized gains and losses? My Portfolio tracker doesn't, and now I need a new one...
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yes it tracks gains and losses
 
Cromedog said:
David assuming SCO doesn't rebound, would you consider holding over the weekend. Maybe not all of your position, I'm in for significantly fewer shares.
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No, I am going to be out even at a huge loss for the weekend. The big lesson here is you rarely want to on the wrong side of oil. Millions of reasons Oil can move up. Very few where it moves down. I really should have paused when this thing was dropping like a rock. And instead I plowed in (and I know better) as something had to be up. There was such a opportunity here and I am going to be a big loser in it
 
David Dodds said:
Cromedog said:
David assuming SCO doesn't rebound, would you consider holding over the weekend. Maybe not all of your position, I'm in for significantly fewer shares.
Click to expand...
No, I am going to be out even at a huge loss for the weekend. The big lesson here is you rarely want to on the wrong side of oil. Millions of reasons Oil can move up. Very few where it moves down. I really should have paused when this thing was dropping like a rock. And instead I plowed in (and I know better) as something had to be up. There was such a opportunity here and I am going to be a big loser in it
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That's exactly what I was thinking...we have some yet for it to move back our way a little, hopefully.
 
David Dodds said:
Cromedog said:
David assuming SCO doesn't rebound, would you consider holding over the weekend. Maybe not all of your position, I'm in for significantly fewer shares.
Click to expand...
No, I am going to be out even at a huge loss for the weekend. The big lesson here is you rarely want to on the wrong side of oil. Millions of reasons Oil can move up. Very few where it moves down. I really should have paused when this thing was dropping like a rock. And instead I plowed in (and I know better) as something had to be up. There was such a opportunity here and I am going to be a big loser in it
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Jump back on the DXO train?
 
Wow, I go for lunch and a quick haircut and come back to oil going crazy. My out of the money puts I wrote on USO for Feb are significantly better.

 
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