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Stock Thread (56 Viewers)

With all the shaky news across the globe it has a chance to snowball downhill. People get nervous, pull money out, market goes down further, more people get nervous, pull more out, etc, etc. Can (not will) become a self-fulfilling prophecy.

 
It isn't everyday you buy a stock at $45 and it drops to $35 within 2 weeks without earnings, :golfclap: Yelp.

My biggest loser in a while :kicksrock:

Debating just taking a $5k hit and stopping the bleeding.

 
I put my $5,500 contribution in as soon as I could this year. I'm not going to do the math behind it all but had I waited till today, let's say, would be a fair bit better off. Bummer.

 
fantasycurse42 said:
It isn't everyday you buy a stock at $45 and it drops to $35 within 2 weeks without earnings, :golfclap: Yelp.

My biggest loser in a while :kicksrock:

Debating just taking a $5k hit and stopping the bleeding.
My company stock drops $10 every other week these days.

 
How to lose $1k in 4 hours, written by FC42.
Another 350 at $35.20 for 700 at $36.46
I have 600 shares of UCO at $39.56 now. OOF
Still holding? I have a small position, but wondering where this is headed in the near and long term...
Still holding. Leveraged ETF's aren't meant to be held long term but I'm holding for a few more weeks minimum. They naturally deteriorate so long term, you get dinged and it's going down.

The main reason oil got clobbered was because of China and the fear their economy was/is going in the toilet meaning there would be even more oil out there. The Chinese government is doing everything they can to make sure this doesn't happen so I guess we'll see if traders buy that things won't go grinding to a halt and money goes pouring back into oil.

 
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How to lose $1k in 4 hours, written by FC42.
Another 350 at $35.20 for 700 at $36.46
I have 600 shares of UCO at $39.56 now. OOF
Still holding? I have a small position, but wondering where this is headed in the near and long term...
Still holding. Leveraged ETF's aren't meant to be held long term but I'm holding for a few more weeks minimum. They naturally deteriorate so long term, you get dinged and it's going down.

The main reason oil got clobbered was because of China and the fear their economy was/is going in the toilet meaning there would be even more oil out there. The Chinese government is doing everything they can to make sure this doesn't happen so I guess we'll see if traders buy that things won't go grinding to a halt and money goes pouring back into oil.
Oil has been weaker due to the Iranian nuclear negotiations this past week. Most expect a deal will be made to lift the sanctions on Iranian crude exports, allowing Iran to sell more crude oil on the already oversupplied global market. Until supply goes down expect oil to be under pressure.
 
Experts don't expect the sanctions being lifted to start having an impact on supply until 2016 though. They could come one with something like 100,000-200,000 barrels a day in the near term, which is far below their full potential - Honestly, I'm just trying to get out of UCO around even, which is in the mid $36 range for me.

Meanwhile, today feels like a good day to add on pullback for gasoline.

 
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Iran has part to do with it but from what I've read, Iranian oil won't be flooding the market any time soon. A deal with Iran has been expected for months now so this wasn't a surprise.

 
Agreed. It is kind of like the 10 year treasury volatility on any hint of when the Fed may be raising short term rates. I still think by year end oil will be back over $60 but there will be volatility. In fact, I would rather be long than short at this point.

 
Actually debating an add of XOM, COP, or CVX - Can't decide which one... At a first glance, CVX has a great dividend and currently has lowest P/E amongst the 3.

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
how much free money you make since this post?
Easy Money
July 7th around 11am was the low point. Dow Jones was right around 17500. TripItUp was very excited about his inverse ETFs and the free money they were providing. Everybody else was also apparently an idiot for not following suit.

Today, July 16th around 2pm, the Dow Jones is around 18,100. Up 3.4% or so in less than 2 weeks.

LHUCKS, is that you?

 
I have 600 shares of UCO at $39.56 now. OOF
i'm glad I sold yesterday for a loss of $900 on my 300 shares.

I hold none.. but at 32.00 flat I'm strongly considering buying again
just creept under 33.00. could be to 32 shortly
Sucks. Inventories were down for the first time in 3 weeks. Hopefully they will be down again next week. That will help things.

What's banging me in the butt is the value of US dollar keeps going up thanks to China & Greece and people looking for a safe haven. Looks pretty bad but made a small fortune in GOOGL the last few days so feeling good Lewis.

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
how much free money you make since this post?
Easy Money
July 7th around 11am was the low point. Dow Jones was right around 17500. TripItUp was very excited about his inverse ETFs and the free money they were providing. Everybody else was also apparently an idiot for not following suit.

Today, July 16th around 2pm, the Dow Jones is around 18,100. Up 3.4% or so in less than 2 weeks.

LHUCKS, is that you?
Feeling REALLY good about this right now. Of course anything can happen rather rapidly as we all have learned.

 
wow. I knew Google had a nice day (+3.5%) but didn't notice that it was also up 11% in after hours trading.

boatloads.

 
I've had Google for a few years now, I was in before the split so I have both the class A & class C shares. Both were pretty flat the past year or so until about a week ago. Nice to see patience pay off.

 
I have 600 shares of UCO at $39.56 now. OOF
i'm glad I sold yesterday for a loss of $900 on my 300 shares.

I hold none.. but at 32.00 flat I'm strongly considering buying again
just creept under 33.00. could be to 32 shortly
We're approaching 32, and I'm putting the buy order in.. This should've fall this far.. down 30% in a month. The downside seems relatively low at this point.

However, after being spooked and getting destroyed on those 300 shares from last week.. i may only buy 1/3rd of what I could commit to it

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
how much free money you make since this post?
Easy Money
July 7th around 11am was the low point. Dow Jones was right around 17500. TripItUp was very excited about his inverse ETFs and the free money they were providing. Everybody else was also apparently an idiot for not following suit.

Today, July 16th around 2pm, the Dow Jones is around 18,100. Up 3.4% or so in less than 2 weeks.

LHUCKS, is that you?
ohh, nice call.

 
I got in around April last year iirc. I'm not displeased.
I got in around April last year iirc. I'm not displeased.
yeah, I bought some of the non-voting stock in late April 2014 and then doubled up a month later.if this after hours price holds up, that means it's up like 20% in the past week? beautiful.
Thinking hookers and blow myself.
If I could do the latter I wouldn't need the former.

 
I have 600 shares of UCO at $39.56 now. OOF
i'm glad I sold yesterday for a loss of $900 on my 300 shares.

I hold none.. but at 32.00 flat I'm strongly considering buying again
just creept under 33.00. could be to 32 shortly
We're approaching 32, and I'm putting the buy order in.. This should've fall this far.. down 30% in a month. The downside seems relatively low at this point.

However, after being spooked and getting destroyed on those 300 shares from last week.. i may only buy 1/3rd of what I could commit to it
I don't want one to actually hit but a threat would be nice...

:oldunsure:

 

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