***Official*** 2009 Stock Market Thread

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pravi333

Senior member
May 25, 2005
577
0
0
Yup like half compared to last month, everyone expected it to get to 10% around for the bottom and currently its at 9.4%
 

GTKeeper

Golden Member
Apr 14, 2005
1,118
0
0
TNX is up right now about a point +. But the market is slightly lower. Huge open up in the early hours, which I shorted, SPY 94 puts. Looking for a bigger pullback, the stochs are confirming a sell on the 1 hour chart.
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
Originally posted by: Azurik
HUGEEE drop in the jobs lost report. Spiking pre-market.

That was posted after Slew Foot posted it. Still trying to figure out source.

Slew Foot? Source?
 

Nerva

Platinum Member
Jul 26, 2005
2,796
0
0
Originally posted by: JS80
Originally posted by: Azurik
HUGEEE drop in the jobs lost report. Spiking pre-market.

That was posted after Slew Foot posted it. Still trying to figure out source.

Slew Foot? Source?

it's not a huge drop in joblessness. it's a relatively small drop in figures compared to april. we are now at 9.4% unemployment rate. that is not good. i am currently shorting NILE and CBS, trades playing out ok but need more time. looking for CBS to go to 6 and NILE to 44
 

pravi333

Senior member
May 25, 2005
577
0
0
Most of the money managers missed the bear market and usually their performance is measured against S&P. So they did pretty bad last year and they certainly dont want to miss the bull market and look bad again, thats one of the reason this market is running high without any fundamentals. Lets see how many more bad results it takes for a market correction to happen.
 

Azurik

Platinum Member
Jan 23, 2002
2,206
12
81
Originally posted by: Hadrian
Originally posted by: JS80
Originally posted by: Azurik
HUGEEE drop in the jobs lost report. Spiking pre-market.

That was posted after Slew Foot posted it. Still trying to figure out source.

Slew Foot? Source?

it's not a huge drop in joblessness. it's a relatively small drop in figures compared to april. we are now at 9.4% unemployment rate. that is not good. i am currently shorting NILE and CBS, trades playing out ok but need more time. looking for CBS to go to 6 and NILE to 44

The unemployment % lags the job losses. Expected May job losses of 520,000 vs the actual of 345,000 is significant to me, and April job losses were over 500,000 too. That's a huge difference. If this is a trend rather than an outlier month, this is very positive for the economy long-term.
 

Slew Foot

Lifer
Sep 22, 2005
12,381
96
86
My source for those court docs were a message board from the website JS80 linked. I dont have any other info today, been busy at work.
 

Azurik

Platinum Member
Jan 23, 2002
2,206
12
81
Originally posted by: Slew Foot
My source for those court docs were a message board from the website JS80 linked. I dont have any other info today, been busy at work.

It was posted on PACER around 9pm, so it being flowed to a bunch of message boards (Yahoo!, Raging Bull, Google Finance, IV, Fool) makes sense.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Looks like my big position, CAR, has run its course for now. I bought heavily in the 1.00-.75 area and even more as it went under .50 and did buy 2k shares at .36. Weighted average I've made about 500% on the trade, which I began unwinding at $4.00 but still maintain a large enough position.

It is one reason why my marketocracy account is so high, although I have been selling aggressively to try and get into compliance there.


I had a few other good trades in recent months, put my wife into GOOG at 265. I got into GE at 7.

I think the market's becoming a bit over priced and am waiting for it to drop again.
 

MrMatt

Banned
Mar 3, 2009
3,911
7
0
Anyone here buy some NEPH a couple weeks back? I wish I had posted it here,



The Nephros hemodiafiltration (HDF) system is designed to improve the quality of life for End-Stage Renal Disease (ESRD) patients while addressing the critical financial and clinical needs of the care provider. The Nephros HDF system removes a range of harmful substances more effectively, and with greater capacity, than existing ESRD treatment methods, according to the Company.

The Nephros Dual Stage Ultra-filter (DSU) is the basis for Nephros's line of water filtration products. The patented dual stage cold sterilization ultrafilter has the capability to filter out bacteria and, due to its exceptional filtration levels, filter out many viruses, parasites and biotoxins. Sale of the DSU has begun at several major U.S. medical centers for infection control and has been selected for further development by the U.S. Marine Corps for purification of drinking water by soldiers in the field.

On 11/14/08, Nephros submitted a 510(k) application to the FDA for approval of its HDF products for ESRD in the U.S. market. The application details the Company's OLpur MD220 diafilter and OLpur H2H Hemodiafiltration module. Following its review of the application, the FDA has requested additional information. Nephros replied to the FDA inquiries on 3/13/09. Per FDA guidelines, the FDA has 90 days to review the additional information provided by the Company for an expected decision by Friday 6/12/09 or Monday 6/15/09.

On 10/7/08, Nephros filed a 510(k) application for approval to market DSU filters to dialysis clinics for in-line purification of dialysate water. Following its review of the application, the FDA requested additional information, and Nephros provided a formal response to the agency on
 

Slew Foot

Lifer
Sep 22, 2005
12,381
96
86
Plunge Protection Team, a secret government entity owned by the Rothschilds and funded by the illuminati whose sole purpose is to keep the market from dropping too fast.

I think the market overall is going to take a holiday this summer after the spring surge. Sell in May.

 

pravi333

Senior member
May 25, 2005
577
0
0
Originally posted by: JS80
Originally posted by: pravi333
Originally posted by: JS80
What time will PPT come in and pump the futures?

whats the PPT you talk about? Putnam Premier Income Trust?

http://en.wikipedia.org/wiki/Plunge_Protection_Team

Oh! Well, the market hasn't made any real progression for the past 4-5 trading days. Even the president says we're still in deep deep depression. But lot of action going on the treasury notes, especially the 2 year, expecting the feds to increase the interest rate due to expected inflation.
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
Originally posted by: pravi333
Originally posted by: JS80
Originally posted by: pravi333
Originally posted by: JS80
What time will PPT come in and pump the futures?

whats the PPT you talk about? Putnam Premier Income Trust?

http://en.wikipedia.org/wiki/Plunge_Protection_Team

Oh! Well, the market hasn't made any real progression for the past 4-5 trading days. Even the president says we're still in deep deep depression. But lot of action going on the treasury notes, especially the 2 year, expecting the feds to increase the interest rate due to expected inflation.

lol what'd i say
 

Azurik

Platinum Member
Jan 23, 2002
2,206
12
81
Originally posted by: Slew Foot
I think the market overall is going to take a holiday this summer after the spring surge. Sell in May.

You hear the, "Sell in May and go away" mantra every year if you're an avid investor. I don't think it means much, especially this year when if you had sold at the beginning of May, you would have missed one of the biggest 3-month rallies on Wall Street.

As far as looking into that, since 1929, there has been 30 years where the market went up more than 5% between May 1 through Sept 1, compared to only 14 years where it declined by more than 5%.

There have been 14 years where the index went up more than 10% versus 8 occurrences of 10% or more declines.

It's really a wash, one needs to focus on the year at hand and what could potentially unfold. There's money to be made in any market.
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
wow rambus holding up well yesterday and today, good sign, if it breaks 15 it will probably continue running.
 

Slew Foot

Lifer
Sep 22, 2005
12,381
96
86
RMBS and TSRA are my main longs right now, not too high on anything else aside from some energy funds.
 

richardycc

Diamond Member
Apr 29, 2001
5,719
1
81
SQNM is up over a buck today...without any news yet...dead cat bounce? I avg downed a bit, I think my avg cost is in the high 3's/share, so I am up ~10% now, I was in the red for awhile....it's about time!
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
Originally posted by: richardycc
SQNM is up over a buck today...without any news yet...dead cat bounce? I avg downed a bit, I think my avg cost is in the high 3's/share, so I am up ~10% now, I was in the red for awhile....it's about time!

I bought MYST. Hoping some stock pumper comes in and pumps it.
 
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