***Official*** 2010 Stock Market Thread

[FelixDeCat]

Interesting yet makes sense as that would get rid of competition from PayPal.

Paypal was acquired by Ebay several years ago. Google would we unstoppable with both companies under its wing IMO. And Im now going to guess the buyout price for Ebay - $48 per share. That would represent a healthy premium and would be close to its highest closing average (the absolute max was roughly $58 in 2005).

 

[snoopdoug1]

VHC still on the move up - good for those of us who held!

 

[InverseOfNeo]

Does anyone know the cause of the good fortune with VHC or is it just benefiting from a strong tech sector?

 

[snoopdoug1]

Does anyone know the cause of the good fortune with VHC or is it just benefiting from a strong tech sector?

I was wondering the same thing. If it's a rumor, then we'll be seeing it drop back down soon. I wouldn't be too surprised to see it drop.

 

[snoopdoug1]

What a strong close for VHC - anyone think we'll have some news on Tuesday?

 

[manlymatt83]

Big bear day?

 

[hiromizu]

I hope so Matt. I'm long on gold 25%. Cash 75%. I often use mutual fund cash % to determine whether I should buy large positions or not and so far it seems they have very little cash and could pull out anytime. Same thing happened in April 2010 which was near but after the anniversary of the March 2009 lows. That's just one of a few red alerts on my radar.

If you want to make real money though, focus on your career and stop trading : )

 

[manlymatt83]

I hope so Matt. I'm long on gold 25%. Cash 75%. I often use mutual fund cash % to determine whether I should buy large positions or not and so far it seems they have very little cash and could pull out anytime. Same thing happened in April 2010 which was near but after the anniversary of the March 2009 lows. That's just one of a few red alerts on my radar.

If you want to make real money though, focus on your career and stop trading : )

Career is okay right now. I work too much, actually. So trading gives me a side hobby.

Thanks for the input!

 

[hiromizu]

Career is okay right now. I work too much, actually. So trading gives me a side hobby.

Thanks for the input!

It was more of a self mental note really. What do you think about recent M&A activities?

 

[manlymatt83]

It was more of a self mental note really. What do you think about recent M&A activities?

I may sound inexperienced here, but I've read that a lot of the recent acquisitions could be companies wanting to complete these deals now to take advantage of tax breaks. My thoughts? I think it's a solid bearish sign.

 

[KB]

I may sound inexperienced here, but I've read that a lot of the recent acquisitions could be companies wanting to complete these deals now to take advantage of tax breaks. My thoughts? I think it's a solid bearish sign.

My thought is that companies are still hesitant to create new markets and to hire new workers even though they are making profits. Some companies have increased dividends, others are buying other companies to strengthen their place in the market. My view is a bit more bullish than yours, but it is still just a hunch.

 

[manlymatt83]

My thought is that companies are still hesitant to create new markets and to hire new workers even though they are making profits. Some companies have increased dividends, others are buying other companies to strengthen their place in the market. My view is a bit more bullish than yours, but it is still just a hunch.

A lot of the profits are fabricated, no? Especially with the banks.

 

[snoopdoug1]

anyone else still holding VHC? It's still on a tear...

 

[InverseOfNeo]

anyone else still holding VHC? It's still on a tear...

I put a higher sell order in last night thinking it might hit in the afternoon or so. I woke up this morning (I'm on the West coast) to a sell confirmation. It will probably go higher but I'm happy I made a tidy profit.

 

[snoopdoug1]

I put a higher sell order in last night thinking it might hit in the afternoon or so. I woke up this morning (I'm on the West coast) to a sell confirmation. It will probably go higher but I'm happy I made a tidy profit.

Profit is always better than a loss. Looks like it might close in the double digits today.

 

[thepd7]

I'm buying some BP and JPM today, market's being a bitch right now but I feel good about it as a 3-6 month play.

:thumbsup:

 

[snoopdoug1]

At this point I wish I would have bought some more VHC. It is not slowing down, and there has been no news.

 

[KDKPSJ]

At this point I wish I would have bought some more VHC. It is not slowing down, and there has been no news.

Yup it's just never stop. I should have kept those shares from $ 7, rather than selling at $ 6 for loss after settlement. lol. I thought it would be dead money.

 

[richardycc]

I've been out of the stock market for a few months, I think it's time for me to get back in...and just found out that Bristol-Myers Squibb is buying ZGEN for $9.75/share, I still own a few hundred shares that I bought last year...maybe GNVC will be next.

 

[snoopdoug1]

I've been out of the stock market for a few months, I think it's time for me to get back in...and just found out that Bristol-Myers Squibb is buying ZGEN for $9.75/share, I still own a few hundred shares that I bought last year...maybe GNVC will be next.

haha - I still have a few shares of GNVC for old times

 

[richardycc]

haha - I still have a few shares of GNVC for old times

I still have a lot, they are just too cheap to sell, so it's all or nothing at this point for me.

 

[snoopdoug1]

I still have a lot, they are just too cheap to sell, so it's all or nothing at this point for me.

anything else you're watching?

 

[manlymatt83]

Wow, this thread is fail this past week =(

Hoping for a pop on RIG tomorrow.

 

[hiromizu]

Check it out. I made a huge 1% profit last week on a single trade. I don't mean to brag, really.

 

[PimpJuice]

Wow, this thread is fail this past week =(

Hoping for a pop on RIG tomorrow.

This thread is pretty much dead from what I've seen the past few months.