Bob Sacamano
Footballguy
4 seems low to me. I'd think almost all the billionaires would be extremely worried that America’s next big financial crisis would come soon.
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Stock Thread (74 Viewers)
- Thread starter St. Louis Bob
- Start date
TripItUp
Footballguy
Agreed, just thought it was interesting and a potential interesting topic to discuss here.
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Mystery Achiever
Footballguy
For the contrarians, front page of USA Today Money section has headline "Free Fall" with a big picture of Apple logo
GoBirds
Footballguy
It's my fault.....1st time I ever bought AAPL a couple weeks ago at $130, HA. I'm in for the long haul, screw it.
Bonfire
Footballguy
St. Louis Bob
Footballguy
Added 200 more UCO at $26.12 for 1200 at $33.87
Bob Sacamano
Footballguy
You're starting to scare me now.
St. Louis Bob
Footballguy
General Malaise
Footballguy
Gold prices suck out loud, yet BitGold hanging in there like a champ. CEO initially thought he'd have around 58,000 users by the end of the year. They have reached 168,000 users by July 31st, so that's good. Average deposits, however, are very low. That needs to come up.
I added some more today. I don't really have any other good ideas at the moment. Most of my stocks are getting pulverized. Screw you, Canada.
I added some more today. I don't really have any other good ideas at the moment. Most of my stocks are getting pulverized. Screw you, Canada.
Bob Sacamano
Footballguy
I'm putting all my money in lion hunting equipment companies.
siffoin
Footballguy
DUDE!
At this point is it a forget the cheese let me out of the trap position or is the goal to make a profit in line with the risk you've already assumed?
I think $30-$34 is possible on some kind of bounce, but the path to $50 seems pretty distant.
Your Martingale strategy might mean you need to committ another $40k or so to the position too. Have you considered using $SCO to hedge the position - using some form of Technical Analysis on a short term 60m chart to determine when to take the hedge off for example?
I really hope this gets a bounce for your sake.
General Malaise
Footballguy
Amaya Gaming getting killed. I have a hunch some news is about to hit related to insider trading. No beuno. No bueno at all.
Bob Sacamano
Footballguy
I stopped out of it. Going to be an interesting tax year.
Chadstroma
Footballguy
I was planning on adding to my FSLR position with the rollover money I deposited yesterday but looks like I am a day late on that. :( Nice pop today. I had sold a previous position in it a long time ago and recently took dividend money and bought a few shares.
So, now I am trying to figure out a game plan here for this money.
So, now I am trying to figure out a game plan here for this money.
St. Louis Bob
Footballguy
Chadstroma
Footballguy
culdeus
Footballguy
Siff
I looked at oil futures for giggles. Front month is trading down while back month is trading up. I'm curious your thoughts on this. Even 10 words would suffice, no need to get super detailed. Even a "no big deal don't worry"
siffoin
Footballguy
I don't trade oil futs- but if you're asking if there is a possible arbitrage in play - I would say no chance at all.
I've had the $UCO chart up because of this thread. I't hasn't really changed since a few weeks ago when I said "down on every time frame".
The logical side thinks "it has to be close to a bounce." A bounce to $27 or $28 could happen but not impact the downside pressure even on a 60 minute chart. The longer time frame charts look even worse. It's possible today is the LOW - one day it will be. Techncials would always lag that exact moment in time - and fundamentals would lag even more.
If we want to be honest - using any form of analysis whether that be fundamental or technical - the ending thesis would be oil, energy etc stocks at the moment are a sell and they will remain that way until they aren't. Buy at extreme risk.
Speaking of honest-
The truth to every investing or trading decision a person ever makes is one of MARKET TIMING. No one buys $XYZ today with the expectation that it is going to drop x% tomorrow. On the flip side - no one sells $ABC today with the expectation that is is going to rise x% tomorrow. We TIME our buys and sells for what we expect/hope are maximum profits.
A thought through invesment/trading plan uses both fundamental AND technical analysis. Fundamentals tell us what to buy and Technicals tell us when to buy it. A plan and discipline to adhere to that plan are also critical.
Even with a great plan and discipline to adhere to that plan, there is a lot of "crapshoot" in playing the market, at least that has been my experience. You just can't win all the time.
TripItUp
Footballguy
Chadstroma
Footballguy
I would be very interested to see how WFC ends up navigating the higher interest rate environment. They have made so much money over the years due to their position in mortgage lending. When rates finally go up- it will be a blessing and curse. Blessing in that they will have higher spreads but a curse in that their mortgage volumes will drop dramatically. There is still some volume in refinancing right now (believe it or not) but if rates go slightly higher that will almost completely evaporate and they will be running almost solely off of purchase transactions. That being said, they are a smart company and likely have been positioning themselves to grow other business lines to take up the slack and difference.
I bought BAC a while back at $6 a share. Not so much because I believe in the company or the management or anything but simply the price point was too juicy to pass up. I have made a killing off of that and I will continue to hold.
My position in BAC and other bank stock due to employee purchase programs etc, I am not looking to buy now. Nothing that I see is overly attractive or stands out to me.
General Malaise
Footballguy
Mario Kart
Footballguy
I'm getting scared for you here. Is this going from a short term sale to a long term hold or what?
$40,000+
Bob Sacamano
Footballguy
Yes. It didn't happen that long ago, so I'm more than a few zeros down from peak. Kinda sad, but more because I wanted to hold it long term than that I lost some profits. But I set a floor where I said the volatility isn't worth the potential downside, and I stuck to it. I'm sure it'll pop $5 next week and I'll wish I'd continued to hold. I can't complain, though. Sold some too early on the first pop. Bought more before the second pop. Averaged out to about 350%. Not a bad couple years work, tyvm.
Looking at CAT options again instead. Which is way more exciting than an up and coming gaming company anyway.
Mystery Achiever
Footballguy
Question: For diversification purposes, would you classify companies like Visa and PayPal as tech or financial? I've seen both. Thx for input.
TripItUp
Footballguy
fantasycurse42
Footballguy Jr.
I'm out of oil completely. The short side looks like the winner right now. I've said before, but I don't see a catalyst for higher prices unless war, major change in OPEC strategy, or Iran deal falls through.
Def going to test lows from earlier in the year, I doubt it holds. The crazy reversal this morning after the EIA reports shows how bearish this really is. $45 has been trying to hold for the last few days, I think it fails tomorrow or Friday. Thinking about SCO.
Def going to test lows from earlier in the year, I doubt it holds. The crazy reversal this morning after the EIA reports shows how bearish this really is. $45 has been trying to hold for the last few days, I think it fails tomorrow or Friday. Thinking about SCO.
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Mystery Achiever
Footballguy
Thanks. PayPal is the one I own and there isn't enough history to chart against sector ETFs. I just tried with Visa and it may track more closely with financials, but not really definitive.
http://finance.yahoo.com/echarts?s=V+Interactive#{"range":"10y","allowChartStacking":true}
GoBirds
Footballguy
Thoughts on KMI. I was under the impression it's mostly pipelines.....oil will be delivered whether it's $100 or $40 but I guess it still gets hit as part of the group? I've been holding with the strong dividend.Talked my dad into some WFC this week. I also told him to keep his CVX and KMI, so I'm a bad son.
Chadstroma
Footballguy
Tesla down 10% on lowered delivery. Decent entry point?
St. Louis Bob
Footballguy
They talked about them on CNBC yesterday when they reported earnings. According the analysts the company, management in particular, is in disarray. Of course they also mentioned that there has been speculation for some time that they are a take over target too by a company like Coke. GLGB
St. Louis Bob
Footballguy
Bought 200 DDD at $13.93 for a total of 539 at $26.47. 
fantasycurse42
Footballguy Jr.
Oil broke $45 and took a quick run to low $44's.
From what I'm looking at, $42.50 will come, and if it doesn't hold, sub $40 is in play.
Just my .02
From what I'm looking at, $42.50 will come, and if it doesn't hold, sub $40 is in play.
Just my .02
Northern Voice
Footballguy
Card Trader
Footballguy
Today has sucked!
shady inc
Footballguy
General Malaise
Footballguy
worst week we've had/I've had in a long long long long time.
sbonomo
Footballguy
I just bought 250 shares of DIS - not a sexy stock but if the regression works they will have a 3-4% rise over the next quarter. Solid company with solid fundamentals. I am confident the star wars investment will pay off along with decent organic growth. The rest of you should probably buy the put's if my stock picking prowess is confirmed.
Bob Sacamano
Footballguy
Anybody know somebody in the market for a functioning kidney?
