***Official*** 2009 Stock Market Thread

[hiromizu]

been sittin on oil for a month.

 

[Jadow]

I'm both happy and kicking myself at the same time. Bought 500 shares of BAC at $3.77, doubled my money, but wish I'd have bought about 2000 shares like I wanted to.

 

[PCMarine]

I'm ready to bash my keyboard to bits after sitting through the day at 100% cash. Did a textbook trade of HIG last week and rode it from 7.00 to 8.65 and was going to buy on the pullback when it got back down to 7. It closed friday at 7.60 and now on monday it closed at 9.30 *kicks monitor off desk*

 

[Ricochet]

It's days like this that makes me glad I don't play with shorts. I have 50/50 in stock/cash right now. Still waiting for the market bottom before I go 100% in. I just don't believe we've seen the bottom yet. This rally has legs but we don't know for how long.

 

[JDawg1536]

Originally posted by: PCMarine
I'm ready to bash my keyboard to bits after sitting through the day at 100% cash. Did a textbook trade of HIG last week and rode it from 7.00 to 8.65 and was going to buy on the pullback when it got back down to 7. It closed friday at 7.60 and now on monday it closed at 9.30 *kicks monitor off desk*

HIG is golden.

 

[Noirish]

Originally posted by: her209
FAZ is taking a beating today. I'm glad I got in and out on Friday.

got in at $5 for fas on friday and got out today at $6.25.
surprise it ended up above $7 but 25% is still good.
i'll consider faz if it drops lower tomorrow.

 

[Chaotic42]

I don't have info for the year, but I started trading in October and I'm up 18.98% since then. Of course, I bought GM at $7.14/share.

I sold my Cypress Semiconductors (Cy is my dog's name ) today and made 46%.

 

[IHateMyJob2004]

That person that shorted BAC several weeks ago didn't mention that he got out (at a profit I am sure). So, what ever happened o that short?

 

[LegendKiller]

Originally posted by: IHateMyJob2004
That person that shorted BAC several weeks ago didn't mention that he got out (at a profit I am sure). So, what ever happened o that short?

I bet Naustica shifted over to Ramen this week after his prognostications probably failed, again. Failed traders should stick to what they do well, failing. But then again, he's been able to eat Ramen for the last 5 years on his trading losses, so it's status quo for him.

Wonder where his rank will be compared to mine in Marketocracy tonight. I'm going to stay up late to see, should be interesting since he tried to rub my face in it a few days ago. I have one stock in particular there that I firmly believe will return me massive numbers in the next year, I wouldn't doubt I'll make 500%+ returns there.

My GE long did well, bought at 8.50, gotta love almost 6% yield. Bought C at $1. GOOG at 255 for my wife's account. Also took some IRA money and bought BRK.B. I also hold that same stock from the marketocracy account, about 10k shares, I think that'll prove to be my best long-term pick. Didn't get in at the perfect time, but that isn't the point. One that Naustica didn't ever learn.

 

[her209]

Originally posted by: Noirish

Originally posted by: her209
FAZ is taking a beating today. I'm glad I got in and out on Friday.

got in at $5 for fas on friday and got out today at $6.25.
surprise it ended up above $7 but 25% is still good.
i'll consider faz if it drops lower tomorrow.

Nice! I was contemplating jumping in FAS today but I wouldn't have been able to get out until Wednesday (if things went south) due to the 3-day rule.

 

[ponyo]

Originally posted by: LegendKiller

Originally posted by: IHateMyJob2004
That person that shorted BAC several weeks ago didn't mention that he got out (at a profit I am sure). So, what ever happened o that short?

I bet Naustica shifted over to Ramen this week after his prognostications probably failed, again. Failed traders should stick to what they do well, failing. But then again, he's been able to eat Ramen for the last 5 years on his trading losses, so it's status quo for him.

Wonder where his rank will be compared to mine in Marketocracy tonight. I'm going to stay up late to see, should be interesting since he tried to rub my face in it a few days ago. I have one stock in particular there that I firmly believe will return me massive numbers in the next year, I wouldn't doubt I'll make 500%+ returns there.

My GE long did well, bought at 8.50, gotta love almost 6% yield. Bought C at $1. GOOG at 255 for my wife's account. Also took some IRA money and bought BRK.B. I also hold that same stock from the marketocracy account, about 10k shares, I think that'll prove to be my best long-term pick. Didn't get in at the perfect time, but that isn't the point. One that Naustica didn't ever learn.

You really need to get over your jealousy over me. It's unhealthy and makes you look like an ass. Don't worry about me. I've been doing this far longer than you have.

On Friday, I bought BAC at $6.15, WFC @ $14.14 and $13.99, and COP April $40 calls @ $1.24. Not a large position but enough to buy some ramen noodles if it paid off. I sold 1/2 of WFC @ 15.43, 1/2 BAC @ $7.18 and kept the rest. Sold COP calls for $1.73.

I bought GE commons @ $7.54. I still have those. I did sell the calls like I posted here. I also bought BAC @ $3.27 when I was buying FAS and GE calls back in 3/5 but I didn't mention BAC. I sold that batch of BAC @ $6.5 on last Wed 3/18. Why am I even explaining all this to you? It'll just increase your jealousy.

 

[ponyo]

Forgot about Marketocracy. I don't worry about that. When this bear rally fizzles and we fall back down, you'll be down 40% again like before. It's not easy to lose 40% in 2 months but somehow you did it. You better sell while you can, not when you have to.

 

[DukeFan21]

I've ridden Freeport McMoRan (FCX) for a pretty awesome gain. Got in around $32, bought some more on the way up at $35.

 

[IHateMyJob2004]

No one is considering USG these days? Prem Watsu and Warren Buffet have been buying.

 

[LegendKiller]

Originally posted by: DukeFan21
I've ridden Freeport McMoRan (FCX) for a pretty awesome gain. Got in around $32, bought some more on the way up at $35.

I did that play a couple times, around low 20s to high 20s or low 30s.

 

[LegendKiller]

Originally posted by: Naustica
You really need to get over your jealousy over me. It's unhealthy and makes you look like an ass. Don't worry about me. I've been doing this far longer than you have.

lol, you're too hot for me, we all know that, Bud Fox.

 

[LegendKiller]

Originally posted by: Naustica
Forgot about Marketocracy. I don't worry about that. When this bear rally fizzles and we fall back down, you'll be down 40% again like before. It's not easy to lose 40% in 2 months but somehow you did it. You better sell while you can, not when you have to.

Ok there sparky. We'll see in a year, two years, and three. As your failed trader ass is sucking wind I'll be far higher.

 

[IHateMyJob2004]

So, if you had 100% cash right now, what would you buy? Given the Dow is under 8000, this question is valid. It was more valid under 7000 though.

Choose 4 stocks for the long term! Non of this trading non-sense. If you do pick "trades" (not the point of my question so you shouldn't) also list 3+ people that have outperformed the major indexes for 20+ years doing so. These famous people seem to be missing.

BNI, JNJ, WFC and BRK are my picks. Feel free to replace BRK with GE. It was a toss up in my head. BRK's future is easier to predict though.

4 value investors that dominate the long term:
Seth Klarman
Warren Buffet
Prem Watsu
Arnold Van Den Berg

 

[IHateMyJob2004]

Originally posted by: hiromizu
been sitting on oil for a month.

Oils last run started due to supply/demand. It got illogically high thanks to speculators though. You don't think speculators will join the guessing game a second time do you? They all watched it go down to the $40s and some surely got burned.

I'm not impressed with anyone that joins the guessing game after it already started. I'm sure some bought tech stocks when they tanked in 2001 and today they are still sitting on a loss.

 

[IHateMyJob2004]

Originally posted by: Naustica
Forgot about Marketocracy. I don't worry about that. When this bear rally fizzles and we fall back down, you'll be down 40% again like before. It's not easy to lose 40% in 2 months but somehow you did it. You better sell while you can, not when you have to.

YOur a trader, you must see this all the time.

You make 25% here, 30% there. It only takes one mistake to loose 90% though. And what gains you have left after taxes the previous year get wiped out hte next.

I do have to thank you thoguh. People like you are the ones that make it easy to be a value investor.

There are 3 ways to try to make money:
1) Buy fixed income securities
2) Trade frequently
3) buy and hold wonderful comapnies at a discount to intrinsic value

Answers:
1) A guaranteed way to underpace inflation
2) A guaranteed way to make sure the gov't gets money while under performing. People tend to not be honest with themselves Some problems include taxes, trading costs and the fact that one mistake can ruin them. They might have a few good years then WHAM they get a 50% drop in the indices. And lie about it to friends. Kinda like that guy that "always wins" at the casino. That stinging feeling, that is pride F'ing with you.
3) A guaranteed way to outpace inflation over the long term.

Over the long term, the markets are designed for the value investor. That's the simple plain truth most traders are unwilling to admit.

 

[GTKeeper]

Originally posted by: IHateMyJob2004
So, if you had 100% cash right now, what would you buy? Given the Dow is under 8000, this question is valid. It was more valid under 7000 though.

Choose 4 stocks for the long term! Non of this trading non-sense. If you do pick "trades" (not the point of my question so you shouldn't) also list 3+ people that have outperformed the major indexes for 20+ years doing so. These famous people seem to be missing.

BNI, JNJ, WFC and BRK are my picks. Feel free to replace BRK with GE. It was a toss up in my head. BRK's future is easier to predict though.

4 value investors that dominate the long term:
Seth Klarman
Warren Buffet
Prem Watsu
Arnold Van Den Berg

If I have all cash right now (which is what I am in right now) I buy nothing. I am trading the market. There is no point in 'investing' in a bear market...... We are in a temporary sucker's rally until earnings season IMHO, then slowly things comes back to reality.

 

[Azurik]

RMBS' gap from Friday filled, up we go today I think.

 

[IHateMyJob2004]

Originally posted by: GTKeeper

Originally posted by: IHateMyJob2004
So, if you had 100% cash right now, what would you buy? Given the Dow is under 8000, this question is valid. It was more valid under 7000 though.

Choose 4 stocks for the long term! Non of this trading non-sense. If you do pick "trades" (not the point of my question so you shouldn't) also list 3+ people that have outperformed the major indexes for 20+ years doing so. These famous people seem to be missing.

BNI, JNJ, WFC and BRK are my picks. Feel free to replace BRK with GE. It was a toss up in my head. BRK's future is easier to predict though.

4 value investors that dominate the long term:
Seth Klarman
Warren Buffet
Prem Watsu
Arnold Van Den Berg

If I have all cash right now (which is what I am in right now) I buy nothing. I am trading the market. There is no point in 'investing' in a bear market...... We are in a temporary sucker's rally until earnings season IMHO, then slowly things comes back to reality.

You are going to trade and trade and make a few bucks. Then kick yourself in the you know what when you sell at Dow 8000 and it goes to 10,000. The market is designed to take money from speculators(aka traders and K=Jim Cramer) and giving it to investors (value investors) over the long term. You will be 100% cash for years after you miss the boat.

Study the great depression before saying "slowly things comes back to reality". Those that ignore history tend to repeat it.

 

[zimu]

Originally posted by: Azurik
RMBS' gap from Friday filled, up we go today I think.

or not
...yet

 

[Azurik]

Originally posted by: zimu

Originally posted by: Azurik
RMBS' gap from Friday filled, up we go today I think.

or not
...yet

It will, it went down to $9.84 and took out Friday's gap, it's up around $10.05 right now. This is creating a very good base above main resistance levels. It's only going to take one good piece of news for this baby to rocket back to January levels. All signs are still bullish.