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  • 347Mike
    replied
    Even during a down trend there are going to be spikes upwards. I removed my buy on IR. Its down 2 dollars this morning and I think the market still has some moving down to go, atleast for this week.

    Leave a comment:


  • momo
    replied
    Originally posted by Denny View Post
    Dead cat bounce? LOL

    Remember, we still have a negative outlook that will be reviewed within 6 months.

    There is a lot of fishy shit going on, but I do believe that the Fed will be injecting a shit ton of money into the markets via brokers to buy the hell out of everything (if they didn't do it yesterday as well).

    Just don't look at this as a solid rebound yet.
    Oh for sure! I still think the market will trend down.

    I love the wild bounces and totally agree. That crap before was fed cash injection and it will be again. There is so much money to be had playing the swing with no research just timing.

    I trading calls and puts, I just need to do a better job of it. I can't get impatient like yesterday and miss out on a 300% return again.

    Leave a comment:


  • momo
    replied
    Originally posted by mustangguy289 View Post
    Damn I lost quite a bit in my 401K on Monday. I had some of it in company stock and some of it in their 2050 model fund. Yesterday Morning I transfered everything into company stock when it was at its low of $60.

    Well, I guess the transaction did not go through until midnight and it bought it at $66. I did make half of the losses from Monday back before it purchased it. If our stock gets to $72 today I will be back at break even with my lifetime contributions. For the past few months are stock has hovered from $75 all the way to $85 at the end of last week.

    ( I have only been contributing for about 6 months and my company just started matching in June).
    yea, pretty much all company reallocations wont execute until close of business day no matter what time you do them.

    it might be better if your company is also a brokerage.
    Last edited by momo; 08-10-2011, 07:38 AM.

    Leave a comment:


  • Denny
    replied
    Originally posted by mustangguy289 View Post
    Hmm like maybe S & P knowing that saying what they did about our credit rating would cause a sharp downfall and then they have insiders buy everything when its low.



    Who is S & P anyway and what gives them the right to rate the governments credit.
    They are a rating agency that rates companies and governments, recoginzed globally.
    Originally posted by momostallion View Post
    remember the ridiculous see-saws from 2008 and the final 30 minute rallys?

    i forgot. yesterday was nice reminder.

    I missed out on 10 cents profit... across 50 contracts! all because i sold 10 mins early.
    Dead cat bounce? LOL

    Remember, we still have a negative outlook that will be reviewed within 6 months.

    There is a lot of fishy shit going on, but I do believe that the Fed will be injecting a shit ton of money into the markets via brokers to buy the hell out of everything (if they didn't do it yesterday as well).

    Just don't look at this as a solid rebound yet.

    Leave a comment:


  • mustangguy289
    replied
    Damn I lost quite a bit in my 401K on Monday. I had some of it in company stock and some of it in their 2050 model fund. Yesterday Morning I transfered everything into company stock when it was at its low of $60.

    Well, I guess the transaction did not go through until midnight and it bought it at $66. I did make half of the losses from Monday back before it purchased it. If our stock gets to $72 today I will be back at break even with my lifetime contributions. For the past few months are stock has hovered from $75 all the way to $85 at the end of last week.

    ( I have only been contributing for about 6 months and my company just started matching in June).

    Leave a comment:


  • momo
    replied
    Originally posted by Denny View Post
    Any bets on the next "crash?"
    remember the ridiculous see-saws from 2008 and the final 30 minute rallys?

    i forgot. yesterday was nice reminder.

    I missed out on 10 cents profit... across 50 contracts! all because i sold 10 mins early.

    Leave a comment:


  • mustangguy289
    replied
    Originally posted by Denny View Post
    It's amazing how the "value" of all these companies can just gain value in under an hour. 600 point swings that fast is ALMOST enough to raise a conspiracy theorist's eyebrow... almost.
    Hmm like maybe S & P knowing that saying what they did about our credit rating would cause a sharp downfall and then they have insiders buy everything when its low.



    Who is S & P anyway and what gives them the right to rate the governments credit.

    Leave a comment:


  • Denny
    replied
    Any bets on the next "crash?"

    Leave a comment:


  • 2K2 LS1
    replied
    Another day another dollar...

    Leave a comment:


  • Denny
    replied
    It's amazing how the "value" of all these companies can just gain value in under an hour. 600 point swings that fast is ALMOST enough to raise a conspiracy theorist's eyebrow... almost.

    Leave a comment:


  • Captain Crawfish
    replied
    Thank you Benny! You the friggin man

    Leave a comment:


  • talisman
    Guest replied
    Nice. Mine closed up $2.48 a share. Of course it was down like $1.50 yesterday, but who gives a damn. It's nice being in for the long run and not stressing.

    Leave a comment:


  • 347Mike
    replied
    Originally posted by slow99 View Post
    Damn you should short it, lmao!
    Negative. You guys have inspired me to go long. I have been doing my own analysts and DD and I am looking at a month or two.

    All the stocks I watched on my ticker have been fucked (technicals) due to this dump. It is hard to gauge from a technical aspect now that everything is so volatile.
    Last edited by 347Mike; 08-09-2011, 02:26 PM.

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  • slow99
    replied
    Originally posted by 347Mike View Post
    I placed a buy for IR. It is way way oversold and depending on how the market looks tomorrow am I may just place a market order and remove my current limit order.
    Damn you should short it, lmao!

    Leave a comment:


  • Denny
    replied
    lol

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