***Official*** 2008 Stock Market Thread

[ponyo]

Originally posted by: blipblop
i bought a bunch of puts last week on yhoo! haha.

sure.

 

[blipblop]

I can show you. I always hedge against my bets. I had a bunch of shares of yhoo earlier in april. I'm still in the red $4,000 after everything is said and done.

 

[richardycc]

sold my yhoo holding at $23.29, it didn't drop as much as I thought, might buy back later on with my wife's account...

 

[blipblop]

Originally posted by: richardycc
sold my yhoo holding at $23.29, it didn't drop as much as I thought, might buy back later on with my wife's account...

Keep an eye on it. If it gets in the 20-21 range get ready to load up.

 

[Capt Caveman]

Originally posted by: wasssup
Man I hope V goes up this week...when it tanked that day my profit dipped $4k.

The one day it went down ($3), it tanked?

I'm still holding on my $55 shares.

 

[bonkers325]

Originally posted by: blipblop

Originally posted by: richardycc
sold my yhoo holding at $23.29, it didn't drop as much as I thought, might buy back later on with my wife's account...

Keep an eye on it. If it gets in the 20-21 range get ready to load up.

its a shame you sold so early, you could've sold it for at least $1 more per share

oh well, get ready to back that truck up if you are into the yahoo gamble... personally, i think your money would be better served elsewhere

 

[ponyo]

Originally posted by: Naustica

Originally posted by: jjsole
Yahoo's trading around $23 now. If it dips $2-3, I might pick up a billion shares or so and see if I can scalp $5-10 bucks out of them.

You have to stand in line if your order is behind mine. I've my limit order set at $19.5. Not that I'm expecting to get hit.

I'm trying to buy some Cisco puts. Got my order to buy some May $26 puts at $.64. If I get hit, fine. If not, that's fine too. Cisco reports tomorrow after the close.

I actually had the order at $.63 and got hit there at 10:14am. Will likely sell 1/2 before the earning and hold the rest through.

Got smoked by BIDU. You blink and the stock is up 15. Insane.

It's a tough market right now. Very hard to get a feel. I guess it's a clue for me to step back, reduce size, and not force trades.

 

[her209]

Mmmkay... why did the market rebound in the latter part of the day?

 

[ponyo]

Sold 1/2 of CSCO puts at $.95 this morning to lock in the 50% gain. Kept the other 1/2 for the earnings. Will close out the remaining position tomorrow since the trade catalyst is gone. Played this best as I could.

Interesting action in Grandma Fannie today. Stunk up the joint and opened down big only to finish up big. That had to emboldened the bulls and discourage the bears.

I'm taking a break from the market and trading.

 

[bonkers325]

Originally posted by: Naustica

Originally posted by: Naustica

Originally posted by: jjsole
Yahoo's trading around $23 now. If it dips $2-3, I might pick up a billion shares or so and see if I can scalp $5-10 bucks out of them.

You have to stand in line if your order is behind mine. I've my limit order set at $19.5. Not that I'm expecting to get hit.

I'm trying to buy some Cisco puts. Got my order to buy some May $26 puts at $.64. If I get hit, fine. If not, that's fine too. Cisco reports tomorrow after the close.

I actually had the order at $.63 and got hit there at 10:14am. Will likely sell 1/2 before the earning and hold the rest through.

Got smoked by BIDU. You blink and the stock is up 15. Insane.

It's a tough market right now. Very hard to get a feel. I guess it's a clue for me to step back, reduce size, and not force trades.

with the summer olympics quickly approaching, i think BIDU is a strong buy up until september. im thinking of getting some sep 08 calls, followed by dec08 or jan09 puts when BIDU reaches its high in the summer.

 

[Capt Caveman]

V!!!!!!!!!!!!!!!!

 

[Azurik]

Originally posted by: Capt Caveman
V!!!!!!!!!!!!!!!!

I cannot believe I didn't buy MC or V when it IPO'ed. I mean... how can credit card companies lose? They will stand to be ever more dominant over cash year over year AND they get revenues immediately from the sale. The banks are the one holding default risk, not MC or V.

 

[richardycc]

Originally posted by: bonkers325

Originally posted by: Naustica

Originally posted by: Naustica

Originally posted by: jjsole
Yahoo's trading around $23 now. If it dips $2-3, I might pick up a billion shares or so and see if I can scalp $5-10 bucks out of them.

You have to stand in line if your order is behind mine. I've my limit order set at $19.5. Not that I'm expecting to get hit.

I'm trying to buy some Cisco puts. Got my order to buy some May $26 puts at $.64. If I get hit, fine. If not, that's fine too. Cisco reports tomorrow after the close.

I actually had the order at $.63 and got hit there at 10:14am. Will likely sell 1/2 before the earning and hold the rest through.

Got smoked by BIDU. You blink and the stock is up 15. Insane.

It's a tough market right now. Very hard to get a feel. I guess it's a clue for me to step back, reduce size, and not force trades.

with the summer olympics quickly approaching, i think BIDU is a strong buy up until september. im thinking of getting some sep 08 calls, followed by dec08 or jan09 puts when BIDU reaches its high in the summer.

Bonkers325, talk is cheap, talk sh!t after the fact is even worthless. I look over some of your posts in this thread, you have a lot of 'I think', "I wish', show us some of your trades, or keep your sideline comments to yourself, or else no one cares what you think or what you wish you did.

 

[bonkers325]

Originally posted by: richardycc

Originally posted by: bonkers325

Originally posted by: Naustica

Originally posted by: Naustica

Originally posted by: jjsole
Yahoo's trading around $23 now. If it dips $2-3, I might pick up a billion shares or so and see if I can scalp $5-10 bucks out of them.

You have to stand in line if your order is behind mine. I've my limit order set at $19.5. Not that I'm expecting to get hit.

I'm trying to buy some Cisco puts. Got my order to buy some May $26 puts at $.64. If I get hit, fine. If not, that's fine too. Cisco reports tomorrow after the close.

I actually had the order at $.63 and got hit there at 10:14am. Will likely sell 1/2 before the earning and hold the rest through.

Got smoked by BIDU. You blink and the stock is up 15. Insane.

It's a tough market right now. Very hard to get a feel. I guess it's a clue for me to step back, reduce size, and not force trades.

with the summer olympics quickly approaching, i think BIDU is a strong buy up until september. im thinking of getting some sep 08 calls, followed by dec08 or jan09 puts when BIDU reaches its high in the summer.

Bonkers325, talk is cheap, talk sh!t after the fact is even worthless. I look over some of your posts in this thread, you have a lot of 'I think', "I wish', show us some of your trades, or keep your sideline comments to yourself, or else no one cares what you think or what you wish you did.

talk is what i do best

 

[Miramonti]

Originally posted by: richardycc

Originally posted by: bonkers325

Originally posted by: Naustica

Originally posted by: Naustica

Originally posted by: jjsole
Yahoo's trading around $23 now. If it dips $2-3, I might pick up a billion shares or so and see if I can scalp $5-10 bucks out of them.

You have to stand in line if your order is behind mine. I've my limit order set at $19.5. Not that I'm expecting to get hit.

I'm trying to buy some Cisco puts. Got my order to buy some May $26 puts at $.64. If I get hit, fine. If not, that's fine too. Cisco reports tomorrow after the close.

I actually had the order at $.63 and got hit there at 10:14am. Will likely sell 1/2 before the earning and hold the rest through.

Got smoked by BIDU. You blink and the stock is up 15. Insane.

It's a tough market right now. Very hard to get a feel. I guess it's a clue for me to step back, reduce size, and not force trades.

with the summer olympics quickly approaching, i think BIDU is a strong buy up until september. im thinking of getting some sep 08 calls, followed by dec08 or jan09 puts when BIDU reaches its high in the summer.

Bonkers325, talk is cheap, talk sh!t after the fact is even worthless. I look over some of your posts in this thread, you have a lot of 'I think', "I wish', show us some of your trades, or keep your sideline comments to yourself, or else no one cares what you think or what you wish you did.

No reason to get bunched...talk is cheap which is why I try to stay long it.

 

[OS]

Past couple months, volumeless suckers rally, the bank reserve deposit holes are as huge as ever, it is not "credit crisis over".
More like a cracking dam plugged by the fed.

 

[imported_Lothar]

I'll be reducing exposure to oil.
Currently in PWE(both), NOV(stock), APC(stock), and CNQ(fund).

NOV is the biggest of the four and will be kept of course.
CNQ is the 2nd biggest and in order for me to get out, I must sell my favorite mutual fund. Not going to happen.
PWE was purely for income generation and nothing else. I didn't reinvest the monthly dividends. I can't completely cut all of it, but can cut most.
APC will be cut regardless of the market conditions tomorrow. Smallest of the four and the most recent purchase.

EDIT: I'll use the proceeds to open a new stake in P&G or increase stake in KO.

 

[imported_Lothar]

Originally posted by: OS
Past couple months, volumeless suckers rally, the bank reserve deposit holes are as huge as ever, it is not "credit crisis over".
More like a cracking dam plugged by the fed.

I'm play defensive.
My recent purchases (KFT, WMI) have all been defensive, except ACF which I picked on the basis of valuation.
I'm still keeping my healthcare/biotech stocks.
Like I said, I'll likely open a new stake in PG today or increase the current stake in KO.

I find myself looking at these lists more often to research companies.
http://finance.google.com/finance?catid=52760568&hl=en
http://finance.google.com/fina...&num=20&catid=54835206

Credit crisis *might* be over for commercial and now investment banks that can easily lend from the feds.
It's not anywhere near over yet for other businesses. Most banks are still unwilling to lend.
http://money.cnn.com/news/news.../AFX-0013-24617739.htm

 

[Slew Foot]

Sell in May and take a holiday, just sayin....

 

[ponyo]

Originally posted by: bonkers325

Originally posted by: Naustica

Originally posted by: Naustica

Originally posted by: jjsole
Yahoo's trading around $23 now. If it dips $2-3, I might pick up a billion shares or so and see if I can scalp $5-10 bucks out of them.

You have to stand in line if your order is behind mine. I've my limit order set at $19.5. Not that I'm expecting to get hit.

I'm trying to buy some Cisco puts. Got my order to buy some May $26 puts at $.64. If I get hit, fine. If not, that's fine too. Cisco reports tomorrow after the close.

I actually had the order at $.63 and got hit there at 10:14am. Will likely sell 1/2 before the earning and hold the rest through.

Got smoked by BIDU. You blink and the stock is up 15. Insane.

It's a tough market right now. Very hard to get a feel. I guess it's a clue for me to step back, reduce size, and not force trades.

with the summer olympics quickly approaching, i think BIDU is a strong buy up until september. im thinking of getting some sep 08 calls, followed by dec08 or jan09 puts when BIDU reaches its high in the summer.

Closed out BIDU $350 puts at $15 for 103% gain. I feel like the stock is going to go lower but time is against me with option and BIDU is extremely volatile. If it rallies again, I'm going short on the common stock this time.

Shorted Merril Lynch common. MER level 3 assets increased by $28 billion in the latest quarter to $69.9 billion. That up 68% from $41.4 billion at the end of 2007. Merrill still haven't learned its lesson.

 

[Azurik]

I closed outof CPNEE.ob - the new management are dirty. Too much late filing going on and their new platform doesn't seem to be as successful as initially thought.

Sold at .09 last week, for a 75% loss. Thankfully, that was on a $15,000 bet and not something more.

Win some, lose some, such is life.

 

[Miramonti]

.

 

[ponyo]

Originally posted by: Azurik
I closed outof CPNEE.ob - the new management are dirty. Too much late filing going on and their new platform doesn't seem to be as successful as initially thought.

Sold at .09 last week, for a 75% loss. Thankfully, that was on a $15,000 bet and not something more.

Win some, lose some, such is life.

Everyone takes a hit here and there if you trade long enough. I had my share of hurt over the years so I can sympathize. You're doing the right thing by closing out the mistake and moving on. On the bright side at least you have a nice writeoff.

 

[Slew Foot]

Hmmm those merrill lynch puts may not be a bad idea right now. Ive got a pile of money in my speculative account just waiting to be placed somewhere.

 

[Miramonti]

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