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Cheesemaster200
Feb 11, 2004

Guard of the Citadel

TraderStav posted:

- Thanks for keeping the automated penny stock post in tact, but you lost the hilarious graphic!
If that graphic wasn't AIG, I am unsure if it would hold the same weight as it once did. Kind of ironic given what it is trying to portray, its time period, and what actually happened.

Not trying to question its message, but it is just kind of funny.

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Cheesemaster200
Feb 11, 2004

Guard of the Citadel
drat, techs have been getting pounded the last couple weeks. I guess they were the big leaders in the rally of the last six months, and were a bit overbought and overhyped (especially GOOG and AAPL).

Kinda pissed I didn't get out of INTC at 20.75 like I originally planned to, though.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Christobevii3 posted:

Its amazing how the $1.40 per a euro was like the line in the sand for the carry trade. Now everyone is running to the door it seems. I'll wait for Dow around 9300 before I take a look at anything.

I am familiar with the concept of carry trading, but am confused by what you meant with $1.40 being the line in the sand. Can you go into a little bit more detail with that?

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Christobevii3 posted:

$1.40 us = $1 Euro

It is roughly when early last summer when the carry trade started. It is supported by the Euro being at that or above in value to be worthwhile.
Well I understand that. :) More referring to why that level is being held as so important?

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Christobevii3 posted:

Because that is the time frame when a lot of people took out the loans. If you have forex negatively effecting the trade whats the point of holding?

So essentially people took out low interest loans in dollars, and then loaned them out again in Euros. This stays all fine and dandy as long as the Euro is equal or stronger in value versus the dollar. Right now, since people generally took out those loans in dollars around this exchange rate ($1.40), people are jumping ship, accelerating the strengthening of the dollar versus the Euro (and potentially driving down equities).

Would that be a fair assessment of this current USDEUR exchange rate?

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
The dollar also sank a bit, which always put upward pressure on commodities.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
I am still waiting mostly in cash for at least another week.

When does earnings season officially end?

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Duey posted:

I did the same thing. I took my profits last week and I'm going to see how bad this storm gets. Friday employment numbers will be dismal post-holiday and that'll push the DOW under 10,000 which will put all the bulls into a panic. Even if I am wrong about that, I doubt I'll miss out on any profit in the next few weeks from anything.

I need to learn how to short-sell.

I sold everything buy INTC, which every Thursday I have been kicking myself for. I was extremely close to by limit order, and I just figured it would cycle to it eventually.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Christobevii3 posted:

Silver is almost slapped back to being 14, like i like her...

Whats your opinion on gold?

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
Any comments on China's reserve ration hiked?

If history has shown us anything is that too much growth in too short of a time can end really badly. I am wondering if they are trying to regulate it so they don't have an eventual crash.

That or they are just trying to be responsible with their financial system. (lol)

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
How the gently caress did gold not tank today?

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

LactoseO.D.'d posted:

Gold isn't as sensitive to interest rates as a lot of the other commodities. I don't know what the official reason for that is, but it probably depends on who you ask.

Gold is sensitive to the value of the dollar though, not to mention idiots who think its some hedge for the zombie inflation apocalypse. Watching most gold stocks, you can usually track it inverse to the dollar, and the dollar strengthened a lot today (especially in the morning).

I've been watching GLL pretty closely, but I don't have the balls to actually put in a position until we start flirting with $1000/oz

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

UnmaskedGremlin posted:

With a 52 week high for F today, I wanted to stop by the second coming of the thread that I got pennystock FAQ'd out of a year and change ago and mocked endlessly for investing in the company I worked for, and knew would grow from the dollar and change it was selling at then. Just wanted to thank TraderStav for screaming how terrible an investment it was. Especially calling F a pennystock.

http://forums.somethingawful.com/showthread.php?threadid=2641737&userid=0&perpage=40&pagenumber=208#post353539828

Thanks again!



I think you are still missing the point of what he was probably saying...

What you are doing now is coming out of a casino after winning big and telling off all those people who said gambling is a waste of money.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
Whats everyone's opinion on PFE? They have been getting beat up due to some failures with cancer drugs, but they have a nice dividend and a lot of people are saying they are oversold.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
hooray GE!

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
GE has been getting lauded by more and more analysts for the last couple of months. However it really hasn't seen much of a move until last week.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Hobologist posted:

You're all very quiet today. You must all own the same miserable crap I do.

Ugh, what a day.

I have two major positions on GE and INTC. Both of which have been phenomenal the last week. I quite frankly cant complain much about a slight loss today after that big of a straight gain.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
INTC I love you

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
GE is like the Debbie Downer of the stock market

Every time they do anything you expect to hear *waugh* *waughhh* in the background.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Hobologist posted:

SEC accuses Goldman Sachs of fraud

So there is a crack in Goldman's armor, but I don't see why that should take the entire market with it.

Especially since it is entirely political showmanship...

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Jabbu posted:

I'm convinced there are a lot of people out there who want it to crash and burn big time and are really bitter that it didn't keep on going when it was down at 7ish if I remember right.

Oh right, the "I'll maybe pick up a few shares when it hits $1-2 next week" people....

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

greasyhands posted:

It's funny how this thread swings towards cockiness when the market has been friendly and it falls silent when the market turns nasty.

You must have missed the FAZ days when we had like two pages a day on that drat ETF...

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Christobevii3 posted:

Value play what? The earnings growth isn't there, winding down fios, debt carrying industry, and not going outside of north america for growth? It is a telecom, which like most infrastructure companies have a high cost of doing business just to stay in business. The only thing I could see help them to become a value play is inflation, since it would make their prior debt service cost go down. Value play would be like Exxon Mobile or someone with a poo poo ton of cash, but again its not really a growing industry atm either.

Not to mention that every major player in the industry is gearing up to beat the hell out of each other soon. I have a feeling that telecom is going to be a wild ride in the next few years until someone figures out how the future of broadband is going to be handled.

I think as more people get angry with it, they will eventually end up like the old utility and bell companies. Regulated and slow growth.

VZ has one nice rear end dividend though...

Cheesemaster200 fucked around with this message at 03:22 on Apr 26, 2010

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

fougera posted:

I liked the feedback I got on VZ, how about INTC? What's the deal with it pulling back after reporting "blockbuster earnings"?

It went up like 10%+ in 2-3 days.

Personally I think its underweight and seeing resistance at 24ish, especially since things look like the bulls are losing steam.

Cheesemaster200 fucked around with this message at 01:53 on Apr 27, 2010

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Foma posted:

Thinking about buying tomorrow for mid to long term JNJ, GS, IRM, and some more BND for balance

I am putting a position in for JNJ some time this week. GS is too much in the news now for my tastes. However it is at a good price.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Dr. Needleman posted:

Reading through this thread, I feel like you guys are discussing quantum physics while I'm still trying to grasp long division. Please tell me I'm not alone.

I see a lot of people talking about Apple and Toyota stocks. As someone just starting in the game why does it make sense to go with a small amount of these $100+ shares versus banking in smaller shares? For example, shares trading at a dollar or less and selling 12 months later when/if they profit.

I'll take my answer off the air, thanks.
It makes sense to go with a company which is stable and has future growth potential.

The problem with the penny stocks is that this is usually not the case. Investing in them is usually just betting that there might be a short term jump to take profits on. That or you better be drat sure that they have some new product which will launch them into the big leagues.

Also, stop looking at share price. If anything look at market capitalization.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

MrBigglesworth posted:

.....

I guess I just dont understand that.

When a foreign country has an issue, why would that send the entire stock market down?

Who says, Greece is having problems, Sell my Johnson and Johnson stock!!
Probably because the inevitable appreciation of the dollar which will hit stock prices. However, it seems that we are coming out the recession guns blazing. Everyone is beating earnings and every domestic indicator is pointing up. You would think that would bring much more money to US equities.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
On the bright side my vacation to Europe in a few months will be cheaper...

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

PsychoAndy posted:

First off, good call on the 10 year yield going from 4 to 3.75, as opposed to 4.25. I would agree, in that there's a lot of resistance on the TLT at 92ish, and I don't think people will freak out as extensively regarding Greece, unless they actually default and/or leave the Eurozone. Most of the damage is done/priced in, so I'm more inclined to look into selling treasuries or playing the range of 89-91 on the TLT.

Personally, I think the market just looking for a good reason to have a significant down day. All this rallying is making people (including me) uneasy. However I think there is too much positive pressure on the US economy to really slow it down.

I wouldn't be surprised if we closed close to even today to be quite honest.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
err, well scratch that idea...

edit;

How is the Euro not decimated yet? I would think it would be at least at $1.30 by now...

Cheesemaster200 fucked around with this message at 21:21 on Apr 27, 2010

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
Am I the only one who thinks that the majority of this senate hearing has absolutely nothing to do with the actual SEC fraud case and its just a witch hunt/showboating opportunity?

Am I wrong in that analysis?

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
This 11:30AM nose dive is starting to get old.

PS
INTC god damnit, what the hell got up your rear end...

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

PsychoAndy posted:

Apparently Spain getting downgraded has an effect on our markets. Like increasing the price of silver WTF.

Speaking of precious metals, gold is lookin pretty good over the week, so I'm preparing for it to drop like 50 bucks in a day.

Europe :argh:

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Christobevii3 posted:

This weekend feels about like the weekend bear sterns failed to me for Europe...

Liquidated most of my fun money holdings today.

What do you think are the possible outcomes over in Europe to that mess?

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
I will find it hilarious if this GS witch hunt backfires on these politicians.

The market is due for a pullback. Earnings and every other piece of economic news is extremely positive, but stocks are faltering. Europe is having its problems, and here they are parading around with this GS poo poo.

If they're not careful, they might find themselves with a lot of pissed off voters whose 401(k)s just tanked right at the same time they started crusading to "fix" the economy.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
Goddamn, GE pisses the hell out of me sometimes. Its a good company, but is completely the VIX's bitch.

Once people get antsy, it tanks like crazy...

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Jabbu posted:

This whole Goldman ordeal may be the first time some of these politicians are actually getting to know how Wall Street works and it is making them look like morons to a great deal of people. They are utilizing so many resources to try and nail Goldman Sachs to the cross while leaving the actual system unchanged and it's tanking the markets. Goldman will probably at worst put up a fall guy and that's it. That will only be necessary because at this point the government is going to find something, anything. Whatever they end up deciding to "find" will be so trumped up it will be ridiculous.

Goldman Sachs as a company has way too many political ties the world over to just get yelled at and spit on by some poo poo kicking politician trying to appeal to populist sentiment so he can get re-elected. It reminds me of the Godfather 2 when that senator tries to play tough and by the end he is giving some long winded speech of praise about Italian Americans. Goldman and Wall Street has more power than a lot of individuals in the government and for people who probably only got into politics so they could be the most powerful people in the world that must be very sobering to realize.

That and I think people forget that money > ideals.

Yeah, 10-15% of the population is unemployed, but for the other 90-85% of the population poo poo is starting to pick up, their stock and retirement accounts are in the black, and they don't like it when they lose 3% on their portfolio because some idiot in Washington wants to grandstand.

Also: INTC has been bouncing around at support all day today, I think it would be a good buy if you aren't into the whole weekend sovereign credit meltdown theory.

Cheesemaster200 fucked around with this message at 23:44 on Apr 30, 2010

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Duey posted:

Why the sudden boost today? IMF bailout or did the market just get tired of going down again?

Volatility is still relatively high, there was a big airline merger, new was pretty good today and the Europe issue hasn't really gotten worse (or better).

I think we are going to see a lot of see-sawing between good earnings and economic indicators domestically and Europe blowing up in the coming weeks.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

ayekappy posted:

Chirp Chirp? I guess most goons are still bulls. Neener bitches! Of course somehow some way some magical bullcrap will occur to lift the markets some more and make them go sideways or something for a few months. Holy crap! Is that where the term bullshit came from?

or its only 10:00AM?

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Cheesemaster200
Feb 11, 2004

Guard of the Citadel
I guess that's why we have stop orders... (all of which got set off while I was in court today)

God damnit I am pissed I didn't liquidate at the end of trading yesterday like I said 30 times I would but didn't because I am a loving emotional idiot with no trading discipline :(

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