***Official*** 2012 Stock Market Thread

[hiromizu]

You really think so? No losses for me...other than, well, I could've sold WAY higher earlier in the day. Since I just opened a new account with Ameritrade, I get 500 free trades, but I need to pick different companies and not jump into the losers I had before.

Well just think about how much money the fed printed and how many stocks are still cheap or relatively inexpensive. The overall market might be slightly overvalued but it's not like it's 2008 all over again. I'd say there's going to be a healthy correction as always but nothing to liquidate good investments over.

 

[darkxshade]

Instead of liquidation, I may going heavy into Oil, especially if Iran continue to stir the hornest nest.

 

[Hugo Drax]

Instead of liquidation, I may going heavy into Oil, especially if Iran continue to stir the hornest nest.

how so?

 

[Arachnotronic]

My god have stocks ruined my last few days. Ugh.

 

[Corporate Thug]

my Dark Horse:

http://money.cnn.com/quote/quote.html?symb=MITK

Ave Purchase: $5.14

http://money.cnn.com/quote/quote.html?symb=TISA

Ave. Purchase: $2.20

 

[Pliablemoose]

http://www.google.com/finance?q=NASDAQ:AAPL

LOL, keep waiting for a pullback in Apple, is just has days where it's only up a half a % versus days where it's up a couple of percent.

I'm still in, bought at $499 last week. One of the docs I work with & I were trying to decide if we're going to hold through earnings next quarter, I'm still in new territory, dunno how the hell to play it...

 

[chipy]

http://www.google.com/finance?q=NASDAQ:AAPL

LOL, keep waiting for a pullback in Apple, is just has days where it's only up a half a % versus days where it's up a couple of percent.

I'm still in, bought at $499 last week. One of the docs I work with & I were trying to decide if we're going to hold through earnings next quarter, I'm still in new territory, dunno how the hell to play it...

Pliable, with as much money as you go in on your trades, i'm assuming you use some kind of protection like protective puts or married puts?

 

[chipy]

got to go to sleep but what the heck, here goes:

looking at OCZ, have one of their drives and i think SSDs will be more common in the future (just a guess).

when looking at their Income Statement, while they're making gross profit, they're losing money after all is said and done. do people keep investing in this company because they think that if revenue increases, then so should the gross profit, ultimately resulting in a net profit?

not sure how much you guys look at the Balance Sheet and Statement of Cash Flows but i need to learn how to read those too. blah, lots of studying to do. i need to get this stuff down eventually so i can make better investment decisions. good night ATOT! /rant

 

[Arachnotronic]

Re-initiated all of my old positions at a slightly lower cost at market open. Seems to have been a decent move.

 

[Arachnotronic]

Ack, more broad market down action. Hmm...what to buy...

 

[The-Noid]

ack, more broad market down action.

What is the news today?

 

[crownjules]

What is the news today?

Slowing global economy. Euro manufacturing output unexpectedly down this month. China expected to be the same.

 

[The-Noid]

Slowing global economy. Euro manufacturing output unexpectedly down this month. China expected to be the same.

Oh, why's that any different than the last 3 months?

 

[Arachnotronic]

Oh, why's that any different than the last 3 months?

It's not.

 

[Hugo Drax]

Ack, more broad market down action. Hmm...what to buy...

Throw a dart on a newspaper and roll some dice to pick an entry point and exit point for whatever symbol the dart landed on.

 

[Hugo Drax]

Pliable, with as much money as you go in on your trades, i'm assuming you use some kind of protection like protective puts or married puts?

Does not sound like it. But he is taking excessive risks for his return. There are plenty of high fliers do really really well and come crashing down real hard and blow up their accounts later on.

I assume he is not managing client money, just trading his own capital.

 

[The-Noid]

...

 

[Hugo Drax]

His specific (non-systematic) risk is unquantifiable, no matter what his return is, he has not beat his benchmark.

No need to use all those fancy terms. It does not take a rocket scientist to figure out he is taking on too much risk.

 

[hiromizu]

Slowing global economy. Euro manufacturing output unexpectedly down this month. China expected to be the same.

That's unbelievable. I thought the economy is improving and jobless figures going down quickly to normal levels. It almost seems like the media is trying to control the markets D:

 

[Arachnotronic]

I'm seriously considering going 100% cash again. Really, really hate this market.

 

[darkxshade]

I'm seriously considering going 100% cash again. Really, really hate this market.

What are you trying to do, day trade? The sooner you realize you can't time markets[at least not perfectly], the less stressful it'll be.

 

[Arachnotronic]

What are you trying to do, day trade? The sooner you realize you can't time markets[at least not perfectly], the less stressful it'll be.

No, quite the opposite -- I've been holding onto my stocks...and holding...and holding. My last profitable investment just turned negative.

I should've sold when I was up ~3-8% on each of my stocks. I'm now at -1% to break even on everything. Awesome.

Also, ask that Pliablemoose guy about not being able to time markets

*goes back to strategy of playing earnings and getting out after hours...*

 

[darkxshade]

How long have you held?

 

[apac]

Anyone else excited for a Palo Alto Networks IPO? When I worked in the networking sector it was the company everyone was talking about.

 

[Arachnotronic]

How long have you held?

Few weeks. Here's why I'm so pissed.

I own AMAT -- bought well before earnings. They ramped up to earnings, had an EXCELLENT report & forecast that blew away all expectations, stock spiked up ~8% after hours...then every day since then it's gone down. I am now in the red on this guy.

I own(ed) NVIDIA -- bought before earnings, earnings sucked, so I averaged down...it then ramped up to crazy amounts of profitability for me...and then it comes down to close for a loss. It has done this 3 days in a row: open low, ramp high, then close lower then the open. WTF? Rage sold it today after I ended up in the red.

I own EA -- bought after it hit a 52 week low. Then it ramped for a few days, gaining several percent. Then it's been downhill every day for the last week.

Finally, I own Amazon -- the only stock NOT f*cking me. I'm up modestly because my investment in it was...modest.

I'm not sure I really have the nerve for long term holding. Every time I'd do an earnings hit 'n run play, I'd make money (or just be forced to hold for a little to minimize losses). That's what I'm going back to doing -- I don't like hanging onto stock long term and dealing with the ups and down for what? 5%? 10%? Tops?

Screw that.