Holy crap! Stocks are skyrocketing!

[imported_Lothar]

Originally posted by: Fritzo

Originally posted by: looker001
Everyone poisting good news? The reason stocks are going up because we are having bargain shopping. Unemployment rate is going up, more people are losing jobs by the day.

Everyone if my stocks is going up is what I meant. Akamai is striking new deals, Sun Micro announced they're getting into cloud computing, GM actually had a sales increase last month in China, and Suntech was able to write off a big solar panel inventory due to new orders.

A couple of other holdings like Auxilium are developing a drug to fix curved weiners (I'm not kidding), and they're progressing nicely. Food producers are raking in the profits from keeping their prices high while enjoying lower transportation costs.

If you stay away from companies that depend on financing, there's actually some good news out there.

How has GM, Akamai, and Sun Micro been for you the past few years?
Have you lost your shirt yet?

 

[ponyo]

Originally posted by: jjsole

Originally posted by: dman
Historically I'm more often wrong than right, when it comes to stocks, it's my hope that publicizing my strategy will once again prove me wrong and save our economy. :laugh:

Haha, I resemble that remark, lol. That said...I would use any euphoria in the market that's due to the bailout package as an opportunity to short.

Yet going back to the original thought, if I actually put my money where my mouth is and short any very strong rallies in the near future, I should have the dow back up to 12-13k in no time at all.

It's interesting we've bounced off the ~8000 Dow and ~815 S&P couple times now. The more the support is tested, weaker it becomes on future retest. I kept thinking we had one more bear market rally before we plunge breaking the lows to around S&P 600-650. This might be the rally that get us into Spring before the bottom falls out. I wouldn't be too quick to short as rally might have legs, especially if they're lot of doubters out there like there is now. But I agree with you to short the rally. I will be shocked if we don't break the lows this year. My timetable coming into this year on the low breaking was the Spring time, and I still feel that way. I'm waiting patiently trading in-between til then. When we break the low and hit 600-650, I'm going to pounce like a tiger. I've plenty of dry powder I've been saving up for that moment. I just hope I have the guts to pull the trigger when we get there.

 

[ponyo]

Originally posted by: Lothar

Originally posted by: Fritzo

Originally posted by: looker001
Everyone poisting good news? The reason stocks are going up because we are having bargain shopping. Unemployment rate is going up, more people are losing jobs by the day.

Everyone if my stocks is going up is what I meant. Akamai is striking new deals, Sun Micro announced they're getting into cloud computing, GM actually had a sales increase last month in China, and Suntech was able to write off a big solar panel inventory due to new orders.

A couple of other holdings like Auxilium are developing a drug to fix curved weiners (I'm not kidding), and they're progressing nicely. Food producers are raking in the profits from keeping their prices high while enjoying lower transportation costs.

If you stay away from companies that depend on financing, there's actually some good news out there.

How has GM, Akamai, and Sun Micro been for you the past few years?
Have you lost your shirt yet?

GM is junk. Sun Micro is beyond junk. It's not even worth the paper its printed on. Akamai is only good for trades.

He's too emotional to be a trader. Those stocks are too toxic for anyone to own as investment. My guess is he lost his ass and rode those stocks way down.

 

[Special K]

Originally posted by: MegaVovaN
Day trading is FTL in the end...stick with mutual funds and check them once a year.

I don't think many people trust their entire retirement funds to day trading. Some buy-and-hold investors also allocate a very small portion of their portfolio (5-10%) to individual stock trading. For others, it's just playing with money they could afford to lose.

 

[Special K]

Originally posted by: senseamp
Stocks are up because markets are anticipating that the high unemployment numbers will increase the likelihood of big stimulus being passed.

The bulk of the proposed plan doesn't even take effect for another year or 2 though, right?

 

[Fritzo]

Originally posted by: MegaVovaN
Day trading is FTL in the end...stick with mutual funds and check them once a year.

Hi. Welcome to stock strategy cira 2003.

 

[Fritzo]

Originally posted by: Naustica

Originally posted by: Lothar

Originally posted by: Fritzo

Originally posted by: looker001
Everyone poisting good news? The reason stocks are going up because we are having bargain shopping. Unemployment rate is going up, more people are losing jobs by the day.

Everyone if my stocks is going up is what I meant. Akamai is striking new deals, Sun Micro announced they're getting into cloud computing, GM actually had a sales increase last month in China, and Suntech was able to write off a big solar panel inventory due to new orders.

A couple of other holdings like Auxilium are developing a drug to fix curved weiners (I'm not kidding), and they're progressing nicely. Food producers are raking in the profits from keeping their prices high while enjoying lower transportation costs.

If you stay away from companies that depend on financing, there's actually some good news out there.

How has GM, Akamai, and Sun Micro been for you the past few years?
Have you lost your shirt yet?

GM is junk. Sun Micro is beyond junk. It's not even worth the paper its printed on. Akamai is only good for trades.

He's too emotional to be a trader. Those stocks are too toxic for anyone to own as investment. My guess is he lost his ass and rode those stocks way down.

LOL- do you even trade? I got into the whole thing early last year because of all the cheap prices. Akamai is a stead performer---one of Motley Fool's top tech picks. Sun Micro is a great buy because they have a product everyone uses, but their management is going through a shakeup and their sales are down.

GM is great for day trading because they keep yo-yoing between $2 and $5. Buy low, sell high, repeat.

I've done very well over the last year. If you have $5000-$10000 in spare cash, you have the chance to make up to 50% on it if you know what you're doing in this market. As always, don't invest what you can't afford to lose though.

 

[Miramonti]

Originally posted by: Naustica

Originally posted by: jjsole

Originally posted by: dman
Historically I'm more often wrong than right, when it comes to stocks, it's my hope that publicizing my strategy will once again prove me wrong and save our economy. :laugh:

Haha, I resemble that remark, lol. That said...I would use any euphoria in the market that's due to the bailout package as an opportunity to short.

Yet going back to the original thought, if I actually put my money where my mouth is and short any very strong rallies in the near future, I should have the dow back up to 12-13k in no time at all.

It's interesting we've bounced off the ~8000 Dow and ~815 S&P couple times now. The more the support is tested, weaker it becomes on future retest. I kept thinking we had one more bear market rally before we plunge breaking the lows to around S&P 600-650. This might be the rally that get us into Spring before the bottom falls out. I wouldn't be too quick to short as rally might have legs, especially if they're lot of doubters out there like there is now. But I agree with you to short the rally. I will be shocked if we don't break the lows this year. My timetable coming into this year on the low breaking was the Spring time, and I still feel that way. I'm waiting patiently trading in-between til then. When we break the low and hit 600-650, I'm going to pounce like a tiger. I've plenty of dry powder I've been saving up for that moment. I just hope I have the guts to pull the trigger when we get there.

You mean you're not 'all-in' on RMBS either??

I'd be shocked if there wasn't another strong selloff this year as well hitting new lows. Maybe things need to rally more to set up a stronger reversal point. I'm not much for levels tho and monitor how it gets to a price than what price it gets to, ie fast or slow, accelerating quickly or not. I think there will be big down days at times but not a crash, which will make it harder to pinpoint longer term buys. An actual broad market rebound will probably take a few years imo.

 

[43st]

Originally posted by: senseamp
Stocks are up because markets are anticipating that the high unemployment numbers will increase the likelihood of big stimulus being passed.

Typically unemployment figures lead to a stock boost because the company is seen as more profitable if it doesn't have as many employees to pay. This effect lasts a day or two at most, at least these days.

 

[HardcoreRobot]

hmm they could stay low for longer if you ask me. need more time to buy

 

[JDub02]

Originally posted by: Fritzo

Originally posted by: MegaVovaN
Day trading is FTL in the end...stick with mutual funds and check them once a year.

Hi. Welcome to stock strategy cira 2003.

It still works. Market index mutual funds FT(very long term)W

<-- Boglehead.

 

[Casawi]

I don't know man...Michigan is pretty stressed right now. The building my company is in right now will be empty in June... there are like 5-6 small companies that will go under or go work at home. Fortunately we are growing and moving to a new location, but the building owners will be hurting big time comes June.

 

[Queasy]

Originally posted by: Casawi
I don't know man...Michigan is pretty stressed right now. The building my company is in right now will be empty in June... there are like 5-6 small companies that will go under or go work at home. Fortunately we are growing and moving to a new location, but the building owners will be hurting big time comes June.

Michigan has been stressed for much of the past decade. Shedding jobs and shedding population.

 

[TallBill]

Originally posted by: JDub02

Originally posted by: Fritzo

Originally posted by: MegaVovaN
Day trading is FTL in the end...stick with mutual funds and check them once a year.

Hi. Welcome to stock strategy cira 2003.

It still works. Market index mutual funds FT(very long term)W

<-- Boglehead.

I'm on the boglehead bandwagon too. However, I check way more then once a year

 

[IHateMyJob2004]

Be greedy when others are fearful and fearful when others are greedy.

Most people are afraid of stocks now, the exact time savvy investors people should be investing.

What happens today, yesterday or tomorrow is not important. Think 5 years out.

 

[Miramonti]

Warren Buffet has suggested repeatedly to buy stocks at this level, he is.

So if history is any guage, he's going to look like a fool with bad timing for a couple years before he has the last laugh and is once again heralded as a genius when things recover.

 

[Queasy]

Supposedly, certain mark-to-market rules are going to be suspended on Monday by the Obama administration. That's the reason for the jump in stocks. Not the ginormous spendulus bill.

 

[skace]

Fucking a I need to stop procrastinating.......

 

[spidey07]

Originally posted by: skace
Fucking a I need to stop procrastinating.......

If you don't get in soon you're gonna miss it.

 

[Miramonti]

Originally posted by: Queasy
Supposedly, certain mark-to-market rules are going to be suspended on Monday by the Obama administration. That's the reason for the jump in stocks. Not the ginormous spendulus bill.

Link?

 

[Queasy]

Originally posted by: jjsole

Originally posted by: Queasy
Supposedly, certain mark-to-market rules are going to be suspended on Monday by the Obama administration. That's the reason for the jump in stocks. Not the ginormous spendulus bill.

Link?

Link

 

[ponyo]

Originally posted by: jjsole
Warren Buffet has suggested repeatedly to buy stocks at this level, he is.

So if history is any guage, he's going to look like a fool with bad timing for a couple years before he has the last laugh and is once again heralded as a genius when things recover.

Buffett is actually pretty good market timer. Of course he'll tell you otherwise, but if you've been following his moves over the years, he's normally pretty good about spotting trends. Couple of his picks last year haven't done so hot but neither has the market. He's a genius and time will again prove him right.

 

[ponyo]

Originally posted by: Queasy
Supposedly, certain mark-to-market rules are going to be suspended on Monday by the Obama administration. That's the reason for the jump in stocks. Not the ginormous spendulus bill.

Yeah I saw that rumor yesterday after I bought shares of Wells Fargo. That rumor along with news Ken Lewis and the exec buying shares in Bank of America helped rally the market yesterday after the morning decline.

 

[jpeyton]

[chant] Obama...Obama...Obama [/chant]

 

[Atheus]

Originally posted by: Oyeve
Stocks mean shit for the millions of unemployed people. Its not like rising staocks are creating jobs and stopping layoff. Just a bunch of rich old bastards making more $$$.

stocks --> banks --> businesses ---> employees?