***Official*** 2009 Stock Market Thread

[GTKeeper]

Originally posted by: JS80

Originally posted by: Slew Foot
If i had to buy a bank now for the long term it'd would be wfc. I think for the short term there are better deals around. <cue js80- banks are insolvent!>

i'm about to throw in the towel. even if they are insolvent (which they are), I think the lesson to learn here is that the government can just prop it up indefinitely.

I am buying 2010 15s in a few weeks once this rally finally sputters. They are cheap right now.

 

[pravi333]

Originally posted by: thepd7
Question: what does the GM bankruptcy mean for stockholders. If the stock loses all value why is it wtill trading at $1?

I have no idea why, it jumped from the days low of 27 cents to 85 cents around currently. Who would buy it? here is the link saying that they will scratch that symbol from nyse before market opens tomorrow


Text


So technically we can short it for a million dollar now? lol, i wish but i am confused why it is trading high


EDIT: Researching more, this stock might never go to zero, since 70% of it will be owned by the US government, and even if NYSE scratches it off, it might get traded in the pennies on the pink for a while!

 

[Mermaidman]

(DON'T LAUGH!)

So what should I do with 150 shares of GM? It was a 'dartboard' purchase

 

[JS80]

Originally posted by: Azurik
Bought some RMBS leaps to go with my shares.

January 2010 $30 calls for $0.74 cents.

RMBS.......ascending triangle break out
DNDN......triangle break out........dead center breakout (squeezed out)
ELN..........ascending triangle break out
TSRA........breakaway gaps.......wow! (only a slight "look back on Friday"......buyers have to bid up to get in.......

This is typical of greed coming back, small highly volatile stocks bid up. They are the first to sink, and not the first to rise, but when the time comes (usually after a move up in big caps and other less volatile small caps), they start to run, and when they run and run hard...

Thoughts on July 15 calls for RMBS?

 

[HopJokey]

Originally posted by: Mermaidman
(DON'T LAUGH!)

So what should I do with 150 shares of GM? It was a 'dartboard' purchase

Toilet paper?

 

[pravi333]

Originally posted by: Mermaidman
(DON'T LAUGH!)

So what should I do with 150 shares of GM? It was a 'dartboard' purchase

If you sell it now you will get less than $150, i would suggest you hold on to it & see what happens. Since the government is taking a 70% stake, the company isn't going any where but if they want to wipe out common stock holders, they can during bankruptcy. But since its only 150, i would gamble it.

 

[JS80]

Originally posted by: JS80

Originally posted by: Azurik
Bought some RMBS leaps to go with my shares.

January 2010 $30 calls for $0.74 cents.

RMBS.......ascending triangle break out
DNDN......triangle break out........dead center breakout (squeezed out)
ELN..........ascending triangle break out
TSRA........breakaway gaps.......wow! (only a slight "look back on Friday"......buyers have to bid up to get in.......

This is typical of greed coming back, small highly volatile stocks bid up. They are the first to sink, and not the first to rise, but when the time comes (usually after a move up in big caps and other less volatile small caps), they start to run, and when they run and run hard...

Thoughts on July 15 calls for RMBS?

oh well put in an order for 60 contracts at 90c for the july 15 calls. got 30 filled.

 

[Kntx]

Originally posted by: Mermaidman
(DON'T LAUGH!)

So what should I do with 150 shares of GM? It was a 'dartboard' purchase

You could see about getting the actual printed shares just for fun

 

[Azurik]

CREDIT MARKET UPDATE
Since everybody is patiently awaiting the news from HJK's court, I thought I would provide a quick update on the status of the corporate credit market, which will grease the wheels for the stock market and U.S. economy recovery.

Corporate credit spreads are gapping tighter faster that TSRA can gap higher (that is pretty fast). High beta (lower rated, more risky credits) have recently caught a bid and are joining the party. Many of the safer names are approaching spreads they haven't seen since before Lehman went BK. The REITs, the banks and even Ford Motor Credit got unsecured deals done. I personally think the market is way ahead of fundamentals, but people have a lot of cash on the sidelines and can't afford to sit by and watch the market gap tighter in their faces. The good thing about the current frenzy in the credit market is that a lot of companies are issuing 5 or 10 year bonds at low levels and tendering for all their issues due over the next couple years, which eliminates any liquidity/refinancing risk that would cause unneeded bankruptcies for good companies due to another unforeseen credit market shutdown.

In short, the credit market sentiment is currently very supportive of a stock market rally. GO RAMBUS!!!

P.S. Can I short Obama motors yet?

 

[Azurik]

Originally posted by: JS80

Originally posted by: JS80

Originally posted by: Azurik
Bought some RMBS leaps to go with my shares.

January 2010 $30 calls for $0.74 cents.

RMBS.......ascending triangle break out
DNDN......triangle break out........dead center breakout (squeezed out)
ELN..........ascending triangle break out
TSRA........breakaway gaps.......wow! (only a slight "look back on Friday"......buyers have to bid up to get in.......

This is typical of greed coming back, small highly volatile stocks bid up. They are the first to sink, and not the first to rise, but when the time comes (usually after a move up in big caps and other less volatile small caps), they start to run, and when they run and run hard...

Thoughts on July 15 calls for RMBS?

oh well put in an order for 60 contracts at 90c for the july 15 calls. got 30 filled.

JS80,

Sorry for not responding in time for your move, goodluck with it. It's not a bad bet, something I may have done if I didn't have so many shares with long-term calls.

 

[JS80]

Originally posted by: Azurik

Originally posted by: JS80

Originally posted by: JS80

Originally posted by: Azurik
Bought some RMBS leaps to go with my shares.

January 2010 $30 calls for $0.74 cents.

RMBS.......ascending triangle break out
DNDN......triangle break out........dead center breakout (squeezed out)
ELN..........ascending triangle break out
TSRA........breakaway gaps.......wow! (only a slight "look back on Friday"......buyers have to bid up to get in.......

This is typical of greed coming back, small highly volatile stocks bid up. They are the first to sink, and not the first to rise, but when the time comes (usually after a move up in big caps and other less volatile small caps), they start to run, and when they run and run hard...

Thoughts on July 15 calls for RMBS?

oh well put in an order for 60 contracts at 90c for the july 15 calls. got 30 filled.

JS80,

Sorry for not responding in time for your move, goodluck with it. It's not a bad bet, something I may have done if I didn't have so many shares with long-term calls.

hah why you apologizing. i filled the rest at 95c. i am now on the rambus party bus.

 

[Azurik]

I guess there's people out there who follow the events:

Rambus shares up over optimism on trial date
http://www.reuters.com/article.../idUSN0128010820090601

Although I think this is RMBS, with a great technical picture, going up with the market than what is happening in California.

 

[Azurik]

Come on Motorola, sign the freakin' contract!

No one pays millions for the option to sign for a fixed rate and not go through with the insurance they bought, don't be the first! You have till Wednesday!

 

[vi edit]

Man...wish I had another $10,000 to put into DXO when I did a few months back at $2.50 a share.

 

[JS80]

Originally posted by: Azurik
Come on Motorola, sign the freakin' contract!

No one pays millions for the option to sign for a fixed rate and not go through with the insurance they bought, don't be the first! You have till Wednesday!

what contract?

 

[Azurik]

Originally posted by: JS80

Originally posted by: Azurik
Come on Motorola, sign the freakin' contract!

No one pays millions for the option to sign for a fixed rate and not go through with the insurance they bought, don't be the first! You have till Wednesday!

what contract?

TSRA related. Motorola paid Tessera millions of dollars for the right to sign a contract with an agreed upon royalty rate should they lose the ITC case. Well... they did, and now have until Wednesday by my estimate to sign. I think the dominoes start (if you don't consider this run a start) falling right after that with other settlements.

My Sept 30 calls have tripled in value in 2 weeks, but a run into $30 sooner than my expectations would be really really really nice.

 

[Azurik]

double post

 

[JS80]

Originally posted by: Azurik

Originally posted by: JS80

Originally posted by: Azurik
Come on Motorola, sign the freakin' contract!

No one pays millions for the option to sign for a fixed rate and not go through with the insurance they bought, don't be the first! You have till Wednesday!

what contract?

TSRA related. Motorola paid Tessera millions of dollars for the right to sign a contract with an agreed upon royalty rate should they lose the ITC case. Well... they did, and now have until Wednesday by my estimate to sign. I think the dominoes start (if you don't consider this run a start) falling right after that with other settlements.

My Sept 30 calls have tripled in value in 2 weeks, but a run into $30 sooner than my expectations would be really really really nice.

ah.

where's kramer???

 

[Dacalo]

Originally posted by: Azurik
Come on Motorola, sign the freakin' contract!

No one pays millions for the option to sign for a fixed rate and not go through with the insurance they bought, don't be the first! You have till Wednesday!

I think MOT and TSRA will take their time signing the contract since this will set precedent for other agreements to follow. I wouldn't be surprised if the deal isn't announced until the 3rd.

EDIT: Would it also possible for the deadline to be extended in good faith if MOT and TSRA are really close to settling?

EDIT2: Read your post below, gotcha. I was misunderstanding the terms of contract it seems.

 

[Azurik]

Originally posted by: Dacalo

Originally posted by: Azurik
Come on Motorola, sign the freakin' contract!

No one pays millions for the option to sign for a fixed rate and not go through with the insurance they bought, don't be the first! You have till Wednesday!

I think MOT and TSRA will take their time signing the contract since this will set precedent for other agreements to follow. I wouldn't be surprised if the deal isn't announced until the 3rd.

I think Motorola might wait until June 3rd (Wednesday) to sign last-minute just in case something develops in the interim. I don't think it's because of setting a precedent though, the terms and rates are already agreed upon. The others if/when they sign will have to sign at a higher rate or more back payment damages.

 

[JS80]

Az: did the ruling come out? Why is RMBS ticking up AH?

 

[iGas]

I'm a swing trader and my portfolio is up 16.43% over all since May 21,2009.

I'm waiting for the CAD to be par with the USD before I get back into the US market.

Last year I lost my shirt with NASDAQ.

 

[Azurik]

Originally posted by: JS80
Az: did the ruling come out? Why is RMBS ticking up AH?

Ruling came out... it was a long court session with the memory manufacturer's trying every excuse in the book to get out of court to no avail.

Trial starts in late September. Out of the 6 summary judgements Judge Kramer decided on, he ruled in favor of Rambus on all of them.

 

[Slew Foot]

Originally posted by: Azurik

Originally posted by: JS80
Az: did the ruling come out? Why is RMBS ticking up AH?

Ruling came out... it was a long court session with the memory manufacturer's trying every excuse in the book to get out of court to no avail.

Trial starts in late September. Out of the 6 summary judgements Judge Kramer decided on, he ruled in favor of Rambus on all of them.

Sweet time to load up on leaps.

 

[Azurik]

I forgot to mention... early on in this saga, around 2004, the Memory Manufacturers (MMs) tried to throw out Judge Kramer for another judge. They were unsuccessful, many postulate due to the political influence of Joseph Cotchett. Mr. Cotchett is one of Rambus' lawyers in this case. For those of you who don't know who he is, he is nationally considered to be one of the best trial lawyers in the United States.

Here's his profile: http://www.cpmlegal.com/lawyerprofile.php?n=cotchett

Here's a blurb:

Joseph W. Cotchett is considered by plaintiffs and defense attorneys alike to be one of the foremost trial lawyers in the country. He has been named one of the 100 most influential lawyers in the nation for the past 10 years.

I don't know about you guys, but even an impartial judge cannot be too pleased when one side tried to throw him out of the bench in favor of another judge they thought would be more favorable.