Holy crap! Stocks are skyrocketing!

[Rudee]

I'm doing quite well on my short positions over the last week.

 

[vital]

it's at ~7200! LOOOLLL @ OP

 

[DeadByDawn]

Good day to buy and hold for 25 years.

 

[lucasorion]

but buy what?

 

[DeadByDawn]

Originally posted by: lucasorion
but buy what?

vti

 

[Miramonti]

airlines, perhaps uaua, skyw imo

 

[SunnyD]

LOL @ BAC, they were down to 2.57 at one point today.

 

[Security Guy]

buy buy buy BAC!! oh.. and LOL @ op

 

[Miramonti]

Originally posted by: Security Guy
buy buy buy BAC!! oh.. and LOL @ op

Its no laughing matter...if anyone bought it near its lows its they'd already be making 50% where its >$4 in after hours trading. That's a helluva return.

 

[manlymatt83]

Originally posted by: jjsole

Originally posted by: Security Guy
buy buy buy BAC!! oh.. and LOL @ op

Its no laughing matter...if anyone bought it near its lows its they'd already be making 50% where its >$4 in after hours trading. That's a helluva return.

I did. I only own like 20 shares though.

 

[Miramonti]

Originally posted by: manlymatt83

Originally posted by: jjsole

Originally posted by: Security Guy
buy buy buy BAC!! oh.. and LOL @ op

Its no laughing matter...if anyone bought it near its lows its they'd already be making 50% where its >$4 in after hours trading. That's a helluva return.

I did. I only own like 20 shares though.

You pulled the trigger, that's what counts. I would have taken a profit intraday and wouldn't have any at this point to profit anymore from.

 

[vital]

forecasting under 7000 this week!! 😀

 

[Fritzo]

I'm pretty lucky, my pics are holding steady from last week.

 

[Miramonti]

Originally posted by: Fritzo
I'm pretty lucky, my pics are holding steady from last week.

They sound like good shorts then. 😉

 

[imported_Imp]

Thank god I bought my first mutual fund ever last week. I'm already down $20, but it's a bond fund! Now I remember why I said no to playing with stocks and dealing with risk.

 

[TehMac]

Originally posted by: looker001
from yahoo finance "Wall Street opened higher Friday, as investors looked past another bleak jobs report and hung their hopes on an economic stimulus plan getting approved" Investors are hopping that bailout will save everyone.

Not necessarily. Bernanke today said that there's going to be no nationalization, meaning we're not going to have save more money to pay off these incompetents, and, that he thinks the recession will be over by the end of the year. Considering he's the Chairman of the Fed, while Obama is pretty boy puppet for a bunch of frumps, more people are hopeful on Bernakne than "pass the money around in a jar we can dip our fingers in" stimulus.

 

[nerp]

Originally posted by: Fritzo
I've made more on stocks in the last two days (on paper at least) than I did at work. It seems everyone's posting good news finally and there's a big rally going on. Hell, I even sold GM when it was 4.10, then rebought at 2.22...it's back up to 2.93 already.

Some of my other favorites: Akamai, Sun Micro, and Suntech, are going through the roof too. Tech stocks surging is a good sign that money is being spent again.

What do you think? Light at the end of the tunnel?

One good day in the midst of this morass is more like a wet match spark in a squall. There are some trading plays but you're riding volatility, not the economic recovery. Don't get to excited, young puppy.

 

[nerp]

oih wtf, old thread. fuck that.

 

[nerp]

Originally posted by: Imp
Thank god I bought my first mutual fund ever last week. I'm already down $20, but it's a bond fund! Now I remember why I said no to playing with stocks and dealing with risk.

No investment is without risk unless you're diversified. Your bond fund is great, but it's a failing strategy if it's your only one.

 

[her209]

🙁

 

[Security Guy]

lulz