Let's play with the market's swings.

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SSSnail

SSSnail

Lifer
Nov 29, 2006
17,458
83
86
Name some stocks that you think is a good bargain, the criteria has to be cheap enough to acquire and has big enough swings that can make you money in the short term, as well as long term.

I know it's crazy because if we know for sure we'd all be filthy rich, but I figure if Wall Street can do it, so can we.

I'll start with one, GUIDGUID, this is one that Cramer a long time ago said it would be great, the stock is now at 2.44 and this morning was at 2.03. I contemplated a thousand shares, don't know why I didn't pull the trigger. I believe hold is the long position, the company makes solid products and its revenue is much higher that its current market cap.

Add your own and your analysis.
 
Drakkon

Drakkon

Diamond Member
Aug 14, 2001
8,401
1
0
QID,SFS, DXD - one day only - no way were keeping the gaines realized today
 
SSSnail

SSSnail

Lifer
Nov 29, 2006
17,458
83
86
Originally posted by: Drakkon
QID,SFS, DXD - one day only - no way were keeping the gaines realized today
Click to expand...

I don't know, 900 points swing seems like the norm nowadays.
 
Paladin3

Paladin3

Diamond Member
Mar 5, 2004
4,933
878
126
Six Flags, inc (SIX)

This isn't a recommendation, I only mention it because the stock has been rolling a lot lately.

Six has a ton of debt, is horribly mismanaged (IMHO), just got the NYSE delisting warning for being under $1/share for too long, have had their credit rating downgraded several times this year, delayed their last quarter earnings reports a month, decided not to pay their PIERS dividend, hasn't turned a profit in years...well, you get the picture.

BUT (<---big but) you might be able to make some cash if you got in on the down roll and quickly out again on the upswing. They seem to roll on just about a daily basis, but also heavily fluctuate on a weekly and quarterly bases as well. Since their business is seasonal they tend to be worth a bit more in the summer/fall.

Their next earnings report is Nov. 10, 2008, but I don't expect it to be all that hot, contrary to some expectations. If I had the extra cash I might invest in them very short-term, but I don't. Good luck.

Edit to say: I don't follow the market AT ALL. I just follow this particular stock because I worked for the company back when SIX was worth about $66/share. It breaks my heart to see it trading for >30 cents today.
 
H

hiromizu

Diamond Member
Jul 6, 2007
3,405
1
0
Originally posted by: SSSnail
Originally posted by: hiromizu
FXI, FXP. I think I made 70K today doing that.
Click to expand...

Unless you were shorting FXP, how?
Click to expand...

Parody on the 70k.

Thread was about market swings. (you know, up and down movements) Since FXI is a Chinese index ETF while FXP is an ultrashort ETF, I can aggressively play the ups and downs of the Chinese market which is pretty volatile. Makes for a fun roller coaster ride.
 
arrfep

arrfep

Platinum Member
Sep 7, 2006
2,314
16
81
If you're feeling crazy, CC. It's been swinging a third of its value every day for a few weeks. Largely random though. I've been watching CLF the past two weeks, and an kicking myself for not getting in under $22 yesterday. QID and QLD these days, if you can pick which way the market swings on a given day you can make 10%.

These are crazy times, and I think a small group of people with big capital and bigger balls stand to make a helluva fortune in the coming months.
 
I

ivan2

Diamond Member
Mar 6, 2000
5,772
0
0
www.heatware.com
Originally posted by: hiromizu
Originally posted by: SSSnail
Originally posted by: hiromizu
FXI, FXP. I think I made 70K today doing that.
Click to expand...

Unless you were shorting FXP, how?
Click to expand...

Parody on the 70k.

Thread was about market swings. (you know, up and down movements) Since FXI is a Chinese index ETF while FXP is an ultrashort ETF, I can aggressively play the ups and downs of the Chinese market which is pretty volatile. Makes for a fun roller coaster ride.
Click to expand...

I made some money on FXI but it's insignificant and it was last year.

I don't like the idea of penny stocks but if I have to do it right now most likely it will be AIG. GG was pretty cyclical this year and it's on the upswing, makes a pretty good future short candidate.
 
drinkmorejava

drinkmorejava

Diamond Member
Jun 24, 2004
3,567
7
81
I've been playing with JAVA, STM, and RRI for the last few weeks, but there are better choices than them.
 
Regs

Regs

Lifer
Aug 9, 2002
16,666
21
81
Originally posted by: Budmantom
I bought Ford(F) about a week ago and I'm looking at buying XM (SIRI).
Click to expand...

I was looking into SIRI myself. Though I don't seem them growing anytime soon. Brinks Security (BCO) Went from 50.00 to almost half in a day. Likely some large organization sell off. It's a expensive buy at 26.92 but it could rise to around 35.00 in only a few weeks.

Whoops. CFL Brinks Home Sec Hldgs Inc . This is why:

Leading North American Security System Monitoring Provider Becomes Independent Following Spin-Off by The Brink's Company
IRVING, Texas, Nov 03, 2008 /PRNewswire-FirstCall via COMTEX/ -- Brink's Home Security Holdings, Inc. (NYSE: CFL) today announced its separation from The Brink's Company (BCO). Brink's Home Security had been an operating unit of The Brink's Company for over 25 years. Today marks the conclusion of the separation process that was announced on February 25, 2008. Regular way trading of the common stock of Brink's Home Security Holdings, Inc. begins this morning on the New York Stock Exchange under the ticker 'CFL.' The ticker is reflective of the Company's internal mission statement: Creating Customers for Life.



Looks like a rising star.
 
SSSnail

SSSnail

Lifer
Nov 29, 2006
17,458
83
86
Something else I wanted to get in to as well is ATVI (Activision), they're supposed to have a huge next two quarters.
 
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