***Official*** 2009 Stock Market Thread

[Azurik]

Originally posted by: JS80

Originally posted by: Azurik
I doubled up on my puts on XLF.

I've gone from bull to bear, and think we're going to experience a huge crash that's going to be spearheaded by financials.

Still long on select names mentioned in this thread.

You are a ridiculous son of a bitch

I can't tell what exactly you meant by that statement, haha... in which way should I take that?

 

[JS80]

Originally posted by: Azurik

Originally posted by: JS80

Originally posted by: Azurik
I doubled up on my puts on XLF.

I've gone from bull to bear, and think we're going to experience a huge crash that's going to be spearheaded by financials.

Still long on select names mentioned in this thread.

You are a ridiculous son of a bitch

I can't tell what exactly you meant by that statement, haha... in which way should I take that?

a minute after you announce your put position on XLF the market tanks!

 

[Pliablemoose]

Originally posted by: JS80

a minute after you announce your put position on XLF the market tanks!

Led by the banks, no less.

 

[EKKC]

whos this joker that said to sell WFC?

 

[TuxDave]

Originally posted by: JS80

Originally posted by: Azurik

Originally posted by: JS80

Originally posted by: Azurik
I doubled up on my puts on XLF.

I've gone from bull to bear, and think we're going to experience a huge crash that's going to be spearheaded by financials.

Still long on select names mentioned in this thread.

You are a ridiculous son of a bitch

I can't tell what exactly you meant by that statement, haha... in which way should I take that?

a minute after you announce your put position on XLF the market tanks!

Seriously.... there's something magic going on here.

 

[Azurik]

Originally posted by: TuxDave

Originally posted by: JS80

Originally posted by: Azurik

Originally posted by: JS80

Originally posted by: Azurik
I doubled up on my puts on XLF.

I've gone from bull to bear, and think we're going to experience a huge crash that's going to be spearheaded by financials.

Still long on select names mentioned in this thread.

You are a ridiculous son of a bitch

I can't tell what exactly you meant by that statement, haha... in which way should I take that?

a minute after you announce your put position on XLF the market tanks!

Seriously.... there's something magic going on here.

It's just been a lucky year for me... good calls far outnumber the bad ones. I'm just waiting for my lucky star to fade away

 

[ponyo]

Originally posted by: Azurik

Originally posted by: TuxDave

Originally posted by: JS80

Originally posted by: Azurik

Originally posted by: JS80

Originally posted by: Azurik
I doubled up on my puts on XLF.

I've gone from bull to bear, and think we're going to experience a huge crash that's going to be spearheaded by financials.

Still long on select names mentioned in this thread.

You are a ridiculous son of a bitch

I can't tell what exactly you meant by that statement, haha... in which way should I take that?

a minute after you announce your put position on XLF the market tanks!

Seriously.... there's something magic going on here.

It's just been a lucky year for me... good calls far outnumber the bad ones. I'm just waiting for my lucky star to fade away

It's good call imo. Pricing action feels like it's topping and tired. We saw double top and same day reversal which is very bearish. If you look at the pricing action of companies that reported earlier with "good" earnings report like Intel, Goldman, JP MorganChase, etc, pretty much all are trading lower now. Another red flag. Market feels like it's looking for an excuse to sell off. If good news can't rally em...

Stocks movement has been inverse of the dollar. Dollar is due for an reversal IMO and that could pressure equities. We'll see how soon the dip buyers enter to save the day.

 

[pravi333]

Originally posted by: EKKC
whos this joker that said to sell WFC?

Once in a month you come & post the exact same thing lol

 

[The-Noid]

Gotta watch what I say here. Lots of FINRA/SEC memos going around about posting on message boards.

 

[The-Noid]

fdasdfasdfsf

 

[Possessed Freak]

Originally posted by: Possessed Freak
Well, since I started my Roth IRA, it has been in a savings account earning pennies for 4 years. I just had it transferred over to the market on Thursday and it entered the market on Friday. I also moved over my pension plan into the market. Finally, I took most of my savings that has been earning .5% for the past decade and also tossed that in.

Time for me to ride the wave.

Well, as of this month I am in the stock market for 1 year. Mutual Funds split between a tech and healthcare. I am up 40%, not bad for not actively engaged in the market.

 

[endervalentine]

Originally posted by: Azurik

Originally posted by: endervalentine

Originally posted by: Azurik
I doubled up on my puts on XLF.

I've gone from bull to bear, and think we're going to experience a huge crash that's going to be spearheaded by financials.

Still long on select names mentioned in this thread.

Does this mean we'll see a buying opportunity with RMBS and APPL?
I lost a chunk w/ my Jan options on RMBS but if RMBS will track w/ the market crash then I would load up on some reg. stock of RMBS and see how things pan out next yr.

I've never invested in AAPL, have only traded it in and out and haven't taken a deep dive investigation on its financials and future products to make a recommendation.

As for RMBS, obviously, you know my stance, and it hasn't changed. 10,000 shares w/ speculative options in Nov '09, Jan '09, Feb '09.

To answer your question directly, yes, with any market crash nearly every stock will follow it down. Tech stocks especially. But I'm not willing to sell out now only to miss out on something greater later on. The XLF puts on the financial sector provide enough of a hedge for me.

gotcha thanks Azurik!

 

[cheezy321]

Woo hoo, Harvest Energy Trust (HTE) has been bought by a South Korean Oil Company.

Up 32% today. Make me happy i've been holding it ever since the oil bust of 2008. Sometimes patience pays off.

Probably going to sell it soon. Does anyone know of a good source to find out what happens after a buyout of this sort?

 

[richardycc]

Originally posted by: Yoxxy
fdasdfasdfsf

LOL, paranoid much?

 

[hiromizu]

anyone else shorting the market?

 

[Azurik]

TIVO is spiking up on 9x the average daily volume... $12.50+ currently.

No news yet... not sure what's going on, but I like it! :thumbsup:

 

[Slew Foot]

Originally posted by: Azurik
TIVO is spiking up on 9x the average daily volume... $12.50+ currently.

No news yet... not sure what's going on, but I like it! :thumbsup:

i have some nov 15 calls, go go go!!!!!!!!!!!!!!!!

 

[Ballatician]

good news for bcrx recently although not a lot of movement. I still feel a bit tentative in general though.

 

[IHateMyJob2004]

Originally posted by: Pliablemoose

Originally posted by: HopJokey

Originally posted by: Pliablemoose

Originally posted by: Yoxxy
Established: sht 1,000 AAPL @ 200
Established: lng 10 RDQLK
Added: lng 10 VIXLD

That's going to leave a mark

You know Cramer said the stock should be valued at $390 last night, right?

Haha I like Apple, but Cramer also said to buy AMD when it was at $42.

I mis-spoke, he was screaming about Apple being a $390 dollar stock.

He really makes me crazy, but sometimes he gets it right...

iPhones go on sale in China next month, more cell phone users there than the entire population of the US, if Apple even captures 1% of that market...........

Cramer is right half the time. For what it is worth, most value investors place Apple at $80-$220 in terms of intrinsic value. Surprisingly, I'm in the $220 camp. I'm also in the, "I would never invest in Apple" camp though so who cares. Their financial reporting sucks. I can't say it any more simply. They have other issues though like Moat. People forget how easy it is t enter a market and most forget that if Zune worked out for MSFT, that people would have a different opinion of Apple these days. Tech is that way though, so anyone with the balls .... happy speculating (don't call it investing, it's not)

Proctor and Gamble is to good of an investment to pass up on right now so that's where my last buy was. Think about things in both bottom up and a top down outlook. Invert, always invert :-0

Oh, That WFC stock I bought earlier in the year is up over 100% now. It's much easier being patient and waiting for opportunity to arise, granted PG isn't that undervalued.

 

[IHateMyJob2004]

Originally posted by: EKKC
whos this joker that said to sell WFC?

Not me, I've said to buy it. I see it as a $35+ stock. If you take what Buffett has said publicly, $50 isn't out of the question.

 

[imported_Lothar]

Originally posted by: Yoxxy
Gotta watch what I say here. Lots of FINRA/SEC memos going around about posting on message boards.

Unnecessary paranoia.

 

[JS80]

Originally posted by: Yoxxy
Established: sht 1,000 AAPL @ 200
Established: lng 10 RDQLK
Added: lng 10 VIXLD

:thumbsup: Nice position. Looks like stocks may sell off.

 

[Acanthus]

if the current banking slide continues im looking to dump my cash into it.

Im looking for FNM and FRE at 90 cents, or AIG at $28 before i will strike.

AIG cuts their derivative exposure in half, and builds up massive cash reserves and loses a ton of value on stupid pay czar news... the company is fundamentally sound and looking to restructure their debt more favorably. The aircraft rental division is sucking up some loss because of the recession but that will turn around with the economy.

 

[imported_Lothar]

AmeriCredit reached their 52 week high a week ago. The company is no longer a "value" company and has blown well past my target of ~$15/share.
Each time I want to sell all my stock, but I panic and hit the freeze button due to tax puropses.
I've only sold my 1st batch(which I bought at $10) so far because the 1yr holding period has expired and still have another 3 batches to go.
The next batch will be sold 1st week of November when the holding period expires. After that, it's January and February.

I see the Chairman is already cashing in on his stock which doesn't help.

 

[hiromizu]

Originally posted by: Lothar

Each time I want to sell all my stock, but I panic and hit the freeze button due to tax puropses.

Yea I'm hurtin from that as well.