***Official*** 2013 Stock Market Thread

[FelixDeCat]

Haha, what a joke.

Short much?

I told you people to sell!

Now you got to ride it down baby.

Ride it down. :|

 

[darkxshade]

Anyone riding the FNMA/FMCC rocket? It's going nuts.

So glad I jumped in on this, I'm already up over 30% in less than a week. :awe:

 

[Imp]

no demand from people who want to follow his advice and lose all their money.

*snap*

Oh no, you didn't...

 

[richardycc]

So glad I jumped in on this, I'm already up over 30% in less than a week. :awe:

I think I bought a lot of these in my wife's account few yrs ago during the real estate bubble...will need to check her account, but I forgot her password. lol.

 

[Nerva]

Bond bubble popping.....coming to a theater near you....

<-- this

 

[Corporate Thug]

IIRC the answer to that question is simple. RMBS

what was his cost basis? As far as I can tell, RMBS is doing well and approaching a 52 week high...

 

[zimu]

what was his cost basis? As far as I can tell, RMBS is doing well and approaching a 52 week high...

http://forums.anandtech.com/showthread.php?p=32577685&highlight=#post32577685

Says he made a 6 figure loss in 2011. Although in 2012 claims he is still positive on RMBS and who has net worth in low 7 digits. So he may have bounced back, or is full of s***, up to you to decide

 

[zimu]

I've taken up day trading in May to see how it goes for me after checking out funkyfunds (link posted earlier). Market's amazing right now so it may not be a fair comparison, but i've made more in may so far than i did all of last year. Which isn't bad.

Main money makers:
- MU
- AFFY
- CSIQ
- TSLA
- AMZN
- GLUU
- MAS
- ARUN
- MCP
- CLNT (This one's been golden)
- ZAGG
- HAIO

 

[JTsyo]

So glad I jumped in on this, I'm already up over 30% in less than a week. :awe:

tried to buy at $2 last week but the market closed. Then tried at 2.5 after the dip but it bounced back and never dropped to 2.5 Bought today at $3.5 so now I expect it to drop hard, sorry fellas.

 

[darkxshade]

I got in around 1.9 so I'm up several thousand now. I dumped half my shares at 3.81 today which means I'm break even if FNMA tanks.

 

[Michael]

Always weird for me when I see the company I work for listed in a stock market thread.

Michael

 

[JTsyo]

Always weird for me when I see the company I work for listed in a stock market thread.

Michael

Don't tell us, we don't the SEC here for insider trading.

 

[makken]

Holy TSLA. I wrote 2 contracts of the may 31 strike 100 call. Regretting it now. Will probably have to roll it forward at this point.

 

[Corporate Thug]

Fannie and Freddie continue to blast upward.

 

[IHateMyJob2004]

Go look at the BBRY short ratio. It's just a matter of time till a squeeze happens. People are paying 10% to borrow shares to short. That is, if they can find shares to short. Insiders and funds hold 60% of the short. 10% is owned by Prem Watsa who is not selling any time soon. And even though people still think BBRY is dead, it is far from it. The balance sheet is pristine. And they will probably turn FCF positive soon. Sales of BB10 are better than BBRY was anticipating. They don't need 30% market share. 10% is plenty. And this is worldwide mind you. Not in the USA where there is this stange hate for BBRY. If they sell 30+ million BB10 phones this year, it will be a success.

As for TSLA. I don't get it. That stock is priced for perfection. If it gets to $400 or something insane, I am buying puts. I think all that is happening right now is a short squeeze (forced selling). Once the squeeze ends, TSLA should plummet.

 

[Michael]

I know the SEc rules quite well, no need to worry.

Michael

 

[homebrew2ny]

Not sure if anyone had PLUG on their radar but if you had you could have made a pretty penny if you bought in a few weeks ago.

MAY 7 - 0.158
MAY 28 - 0.448

Only had 5000 shares but happy none the less...

 

[GTaudiophile]

Still enjoying my $55 TSLA purchase

 

[darkxshade]

FNMA up another 15% at open, when will this madness end?

 

[SunnyD]

FNMA up another 15% at open, when will this madness end?

It may not... at least not until the market as a whole is willing to take a dump.

- Mortgage rates are starting to creep upwards
- Home prices are starting to move upwards (last report said they rose at the greatest rate since pre-crash)
- Consumer confidence is defying reality and keeping the market bullish
- The government bailout paid off for FNMA and FMCC making it look like there's no risk on them

So until something rocks the market, since the run has already started I don't expect it to stop any time soon.

 

[darkxshade]

22% and going... $5/share. I've made nearly 10 grand in just under a week.


edit: I think I'm going to bail on my remaining shares. It seems like everyone is not buying for any other reason than to just get in on the ride. I don't wanna stick around for what may or may not happen... I'm satisfied with my profits.

 

[darkxshade]

holy shit I dodged a bullet... got out at $5

 

[JTsyo]

It may not... at least not until the market as a whole is willing to take a dump.

- Mortgage rates are starting to creep upwards
- Home prices are starting to move upwards (last report said they rose at the greatest rate since pre-crash)
- Consumer confidence is defying reality and keeping the market bullish
- The government bailout paid off for FNMA and FMCC making it look like there's no risk on them

So until something rocks the market, since the run has already started I don't expect it to stop any time soon.

Think it might be a matter of supply. The government is holding almost 80% of the company. If they decide to start selling it back, we might see a drop. Not sure where this should be sitting but if housing recovers, I can see $10.

22% and going... $5/share. I've made nearly 10 grand in just under a week.


edit: I think I'm going to bail on my remaining shares. It seems like everyone is not buying for any other reason than to just get in on the ride. I don't wanna stick around for what may or may not happen... I'm satisfied with my profits.

Put a stop on it and let it sit. You can change the stop if the price keeps going up. Doesn't protect you if the price drops overnight though.

 

[darkxshade]

I got out 1/2 my shares at 3.8 yesterday and the other half at 5 today. Now I'm just waiting on the chance to pounce when it bottoms out.

 

[JTsyo]

I got out 1/2 my shares at 3.8 yesterday and the other half at 5 today. Now I'm just waiting on the chance to pounce when it bottoms out.

yea, I'm seeing how far it goes to see if I should cost average down.