***Official*** 2009 Stock Market Thread

[HopJokey]

Originally posted by: JS80

Originally posted by: Azurik
With GOOG earnings tonight, and C and GE tomorrow, it's going to be really hard for the MM's to keeping pinning S&P 850. Option expirations tomorrow should add more votility too.

I think Google whisper numbers are correct. I'm in the CPC biz, we beat Q1 rev forecast and our Google traffic spend was up 40%+ in Q1...we are one of their biggest clients.

Nice.

 

[JS80]

Originally posted by: HopJokey

Originally posted by: JS80

Originally posted by: Azurik
With GOOG earnings tonight, and C and GE tomorrow, it's going to be really hard for the MM's to keeping pinning S&P 850. Option expirations tomorrow should add more votility too.

I think Google whisper numbers are correct. I'm in the CPC biz, we beat Q1 rev forecast and our Google traffic spend was up 40%+ in Q1...we are one of their biggest clients.

Nice.

see, they beat

 

[HopJokey]

Originally posted by: JS80

Originally posted by: HopJokey

Originally posted by: JS80
I think Google whisper numbers are correct. I'm in the CPC biz, we beat Q1 rev forecast and our Google traffic spend was up 40%+ in Q1...we are one of their biggest clients.

Nice.

see, they beat

Yep, nice call.

I always wondered what's GOOG's long term potential investment wise? They seem to have huge control of information (search, mail, etc.). I'm just wondering if that will translate into huge sales/profit growth over the next 5-10 years or will there be heavy diminishing returns.

 

[LegendKiller]

Originally posted by: HopJokey

Originally posted by: JS80

Originally posted by: HopJokey

Originally posted by: JS80
I think Google whisper numbers are correct. I'm in the CPC biz, we beat Q1 rev forecast and our Google traffic spend was up 40%+ in Q1...we are one of their biggest clients.

Nice.

see, they beat

Yep, nice call.

I always wondered what's GOOG's long term potential investment wise? They seem to have huge control of information (search, mail, etc.). I'm just wondering if that will translate into huge sales/profit growth over the next 5-10 years or will there be heavy diminishing returns.

I think that for the short/medium term they are still relatively undervalued, long term I think we'll see 600-700 again on the spike. They should be able to grow but eventually just become a cashcow unless they can branch out with other core competencies. Even if it is a cashcow, divs will be huge.

I bought for my wife's IRA at 258.23. I didn't hit the bottom but I got close enough.


For those who follow Marketocracy, you'll probably see my other big investment show up today (it started yesterday). I have quite a bit in my personal account but I played bigger in the game. Very undervalued, again, I missed the bottom, but it is starting to pick back up.

Too bad I missed on my SKF play, I thought we had bottomed out at about 68, considering the luster of GS' numbers has definitely deminished, I should have thought it out completely. Personal acct and marketocracy has taken a hit from that, but my other play has far outpaced it.

 

[ponyo]

Anyone know today's trading range for C June 2009 $5 call option (CFP.X). I'm showing it opened at 79 cents which was the high of the day and the low was 56 cents. I placed a sell order to sell some at 75 cents before I left for work this morning at 8:35am and came home to see it expired unfilled. That's some shitty fill if it indeed opened at 79 cents this morning. Is there any place I can check for individual trade volume and price around the open?

 

[Azurik]

Originally posted by: Naustica
Anyone know today's trading range for C June 2009 $5 call option (CFP.X). I'm showing it opened at 79 cents which was the high of the day and the low was 56 cents. I placed a sell order to sell some at 75 cents before I left for work this morning at 8:35am and came home to see it expired unfilled. That's some shitty fill if it indeed opened at 79 cents this morning. Is there any place I can check for individual trade volume and price around the open?

Hey Naustica - the high of .79 was a short blip caused by some outlier trade. Sorta like a stock trading between $10 - $11, but someone sold it for $15. You wouldn't have sold it at that price. The range was pretty tight during the day today.

 

[ponyo]

Originally posted by: Azurik

Originally posted by: Naustica
Anyone know today's trading range for C June 2009 $5 call option (CFP.X). I'm showing it opened at 79 cents which was the high of the day and the low was 56 cents. I placed a sell order to sell some at 75 cents before I left for work this morning at 8:35am and came home to see it expired unfilled. That's some shitty fill if it indeed opened at 79 cents this morning. Is there any place I can check for individual trade volume and price around the open?

Hey Naustica - the high of .79 was a short blip caused by some outlier trade. Sorta like a stock trading between $10 - $11, but someone sold it for $15. You wouldn't have sold it at that price. The range was pretty tight during the day today.

Thanks for the info. That's what I thought. I just wanted to know I wasn't screwed. It wasn't lot of money but the principle and trust behind it.

Here's hoping for good reaction to Citi's earning tomorrow morning. I closed out my worthless JPM puts and bought some FAZ. Many traders are looking for around 10% pullback before further march up to near s&p 1k. I don't know how crowded that thinking is but it sounds reasonable to me. That would be perfect opportunity to sell everything and go short. Only if was that easy...

 

[Azurik]

GOOG, GE and C all beat estimates. In C's case, loss of .18 vs the .34 expected.

GE and C trading higher in premarket. C up 10%! GOOG was up $10 or so last night before dropping to a loss of $3 or so per share before the open right now.

EDIT @ 10:37am: That was pretty obvious what they're doing with C. They play with the $4 strike price +/- 40c - this way they make millions and screw the $4 calls and puts expiring today.

Next week, C will surge...

 

[JS80]

Originally posted by: Azurik
GOOG, GE and C all beat estimates. In C's case, loss of .18 vs the .34 expected.

GE and C trading higher in premarket. C up 10%! GOOG was up $10 or so last night before dropping to a loss of $3 or so per share before the open right now.

EDIT @ 10:37am: That was pretty obvious what they're doing with C. They play with the $4 strike price +/- 40c - this way they make millions and screw the $4 calls and puts expiring today.

Next week, C will surge...

It's pretty sickening Goldman's manipulation. They truly do "own" the market.

 

[JS80]

I also bot Rosetta Stone RST yesterday for shits and giggles.

 

[destrekor]

Originally posted by: JS80
I also bot Rosetta Stone RST yesterday for shits and giggles.

Do you think RST will keep moving up? At the rate they've already been moving, and their current price, in this market... I have no clue how to judge RST. I love Rosetta Stone as a company, and would love to get into their IPO, but... IPOs scare me for already well established companies - they open at a great price, but do they really have room to guy higher? Especially because I can't imagine a value due to what type of company they are.

 

[JS80]

Originally posted by: destrekor

Originally posted by: JS80
I also bot Rosetta Stone RST yesterday for shits and giggles.

Do you think RST will keep moving up? At the rate they've already been moving, and their current price, in this market... I have no clue how to judge RST. I love Rosetta Stone as a company, and would love to get into their IPO, but... IPOs scare me for already well established companies - they open at a great price, but do they really have room to guy higher? Especially because I can't imagine a value due to what type of company they are.

I have no idea. On the surface they are overpriced. I was just trying to ride the way. Trying to make up for the loss I took shorting.

 

[her209]

Originally posted by: Azurik
GOOG, GE and C all beat estimates. In C's case, loss of .18 vs the .34 expected.

GE and C trading higher in premarket. C up 10%! GOOG was up $10 or so last night before dropping to a loss of $3 or so per share before the open right now.

EDIT @ 10:37am: That was pretty obvious what they're doing with C. They play with the $4 strike price +/- 40c - this way they make millions and screw the $4 calls and puts expiring today.

Next week, C will surge...

C volume has already reached its average 10-day trading volume after only 2 hours of trading.

Crazy!

 

[GTKeeper]

Originally posted by: Azurik
GOOG, GE and C all beat estimates. In C's case, loss of .18 vs the .34 expected.

GE and C trading higher in premarket. C up 10%! GOOG was up $10 or so last night before dropping to a loss of $3 or so per share before the open right now.

EDIT @ 10:37am: That was pretty obvious what they're doing with C. They play with the $4 strike price +/- 40c - this way they make millions and screw the $4 calls and puts expiring today.

Next week, C will surge...

What do you mean its pretty obvious? How can you tell?

 

[imported_Lothar]

Originally posted by: destrekor

Originally posted by: JS80
I also bot Rosetta Stone RST yesterday for shits and giggles.

Do you think RST will keep moving up? At the rate they've already been moving, and their current price, in this market... I have no clue how to judge RST. I love Rosetta Stone as a company, and would love to get into their IPO, but... IPOs scare me for already well established companies - they open at a great price, but do they really have room to guy higher? Especially because I can't imagine a value due to what type of company they are.

IPO: It's probably overpriced.

Commonly believed to stand for "Initial Public Offering," or the first sale of a company's stock to the public. However, history shows that IPO can more accurately be said to stand for "It's Probably Overpriced," or "Imaginary Profits Only," or "Idiotic, Preposterous, and Outrageous." Because every once in a blue moon an IPO really does turn out to be Microsoft -- a stock that goes up more than 10,000% in a decade -- investors mistakenly conclude that every IPO is "the next Microsoft." That's like stepping into a casino just as a one-armed bandit vomits out a silver stream of coins and assuming that this particular slot machine has the best payouts -- or that it's worth playing the slot machine at all. Instead, as Prof. Jay Ritter's website (http://bear.cba.ufl.edu/ritter/ipodata.htm) shows, the typical IPO does worse than the average stock, not better.

 

[Special K]

Originally posted by: Lothar

Originally posted by: destrekor

Originally posted by: JS80
I also bot Rosetta Stone RST yesterday for shits and giggles.

Do you think RST will keep moving up? At the rate they've already been moving, and their current price, in this market... I have no clue how to judge RST. I love Rosetta Stone as a company, and would love to get into their IPO, but... IPOs scare me for already well established companies - they open at a great price, but do they really have room to guy higher? Especially because I can't imagine a value due to what type of company they are.

IPO: It's probably overpriced.

Commonly believed to stand for "Initial Public Offering," or the first sale of a company's stock to the public. However, history shows that IPO can more accurately be said to stand for "It's Probably Overpriced," or "Imaginary Profits Only," or "Idiotic, Preposterous, and Outrageous." Because every once in a blue moon an IPO really does turn out to be Microsoft -- a stock that goes up more than 10,000% in a decade -- investors mistakenly conclude that every IPO is "the next Microsoft." That's like stepping into a casino just as a one-armed bandit vomits out a silver stream of coins and assuming that this particular slot machine has the best payouts -- or that it's worth playing the slot machine at all. Instead, as Prof. Jay Ritter's website (http://bear.cba.ufl.edu/ritter/ipodata.htm) shows, the typical IPO does worse than the average stock, not better.

Also, don't you have to be an institutional investor to get the actual IPO price?

 

[imported_Lothar]

Originally posted by: Special K

Originally posted by: Lothar

Originally posted by: destrekor

Originally posted by: JS80
I also bot Rosetta Stone RST yesterday for shits and giggles.

Do you think RST will keep moving up? At the rate they've already been moving, and their current price, in this market... I have no clue how to judge RST. I love Rosetta Stone as a company, and would love to get into their IPO, but... IPOs scare me for already well established companies - they open at a great price, but do they really have room to guy higher? Especially because I can't imagine a value due to what type of company they are.

IPO: It's probably overpriced.

Commonly believed to stand for "Initial Public Offering," or the first sale of a company's stock to the public. However, history shows that IPO can more accurately be said to stand for "It's Probably Overpriced," or "Imaginary Profits Only," or "Idiotic, Preposterous, and Outrageous." Because every once in a blue moon an IPO really does turn out to be Microsoft -- a stock that goes up more than 10,000% in a decade -- investors mistakenly conclude that every IPO is "the next Microsoft." That's like stepping into a casino just as a one-armed bandit vomits out a silver stream of coins and assuming that this particular slot machine has the best payouts -- or that it's worth playing the slot machine at all. Instead, as Prof. Jay Ritter's website (http://bear.cba.ufl.edu/ritter/ipodata.htm) shows, the typical IPO does worse than the average stock, not better.

Also, don't you have to be an institutional investor to get the actual IPO price?

Yep.

 

[ponyo]

Originally posted by: Special K

Originally posted by: Lothar

Originally posted by: destrekor

Originally posted by: JS80
I also bot Rosetta Stone RST yesterday for shits and giggles.

Do you think RST will keep moving up? At the rate they've already been moving, and their current price, in this market... I have no clue how to judge RST. I love Rosetta Stone as a company, and would love to get into their IPO, but... IPOs scare me for already well established companies - they open at a great price, but do they really have room to guy higher? Especially because I can't imagine a value due to what type of company they are.

IPO: It's probably overpriced.

Commonly believed to stand for "Initial Public Offering," or the first sale of a company's stock to the public. However, history shows that IPO can more accurately be said to stand for "It's Probably Overpriced," or "Imaginary Profits Only," or "Idiotic, Preposterous, and Outrageous." Because every once in a blue moon an IPO really does turn out to be Microsoft -- a stock that goes up more than 10,000% in a decade -- investors mistakenly conclude that every IPO is "the next Microsoft." That's like stepping into a casino just as a one-armed bandit vomits out a silver stream of coins and assuming that this particular slot machine has the best payouts -- or that it's worth playing the slot machine at all. Instead, as Prof. Jay Ritter's website (http://bear.cba.ufl.edu/ritter/ipodata.htm) shows, the typical IPO does worse than the average stock, not better.

Also, don't you have to be an institutional investor to get the actual IPO price?

Usually depends on how hot the IPO is. Hot ones normally swallowed by the institutional investors as they get first dibs. So-so and less of interest IPOs get passed down to the average joes.

Rosetta picked good time to IPO. Risk appetite is back with market climbing and I don't think there's been in IPO of anything in about 6-12 months.

 

[destrekor]

Originally posted by: Naustica

Originally posted by: Special K

Originally posted by: Lothar

Originally posted by: destrekor

Originally posted by: JS80
I also bot Rosetta Stone RST yesterday for shits and giggles.

Do you think RST will keep moving up? At the rate they've already been moving, and their current price, in this market... I have no clue how to judge RST. I love Rosetta Stone as a company, and would love to get into their IPO, but... IPOs scare me for already well established companies - they open at a great price, but do they really have room to guy higher? Especially because I can't imagine a value due to what type of company they are.

IPO: It's probably overpriced.

Commonly believed to stand for "Initial Public Offering," or the first sale of a company's stock to the public. However, history shows that IPO can more accurately be said to stand for "It's Probably Overpriced," or "Imaginary Profits Only," or "Idiotic, Preposterous, and Outrageous." Because every once in a blue moon an IPO really does turn out to be Microsoft -- a stock that goes up more than 10,000% in a decade -- investors mistakenly conclude that every IPO is "the next Microsoft." That's like stepping into a casino just as a one-armed bandit vomits out a silver stream of coins and assuming that this particular slot machine has the best payouts -- or that it's worth playing the slot machine at all. Instead, as Prof. Jay Ritter's website (http://bear.cba.ufl.edu/ritter/ipodata.htm) shows, the typical IPO does worse than the average stock, not better.

Also, don't you have to be an institutional investor to get the actual IPO price?

Usually depends on how hot the IPO is. Hot ones normally swallowed by the institutional investors as they get first dibs. So-so and less of interest IPOs get passed down to the average joes.

Rosetta picked good time to IPO. Risk appetite is back with market climbing and I don't think there's been in IPO of anything in about 6-12 months.

eBay has said that Skype should be spinning out an IPO soon if I remember seeing that correctly.

 

[Special K]

Originally posted by: destrekor

Originally posted by: Naustica

Originally posted by: Special K

Originally posted by: Lothar

Originally posted by: destrekor

Originally posted by: JS80
I also bot Rosetta Stone RST yesterday for shits and giggles.

Do you think RST will keep moving up? At the rate they've already been moving, and their current price, in this market... I have no clue how to judge RST. I love Rosetta Stone as a company, and would love to get into their IPO, but... IPOs scare me for already well established companies - they open at a great price, but do they really have room to guy higher? Especially because I can't imagine a value due to what type of company they are.

IPO: It's probably overpriced.

Commonly believed to stand for "Initial Public Offering," or the first sale of a company's stock to the public. However, history shows that IPO can more accurately be said to stand for "It's Probably Overpriced," or "Imaginary Profits Only," or "Idiotic, Preposterous, and Outrageous." Because every once in a blue moon an IPO really does turn out to be Microsoft -- a stock that goes up more than 10,000% in a decade -- investors mistakenly conclude that every IPO is "the next Microsoft." That's like stepping into a casino just as a one-armed bandit vomits out a silver stream of coins and assuming that this particular slot machine has the best payouts -- or that it's worth playing the slot machine at all. Instead, as Prof. Jay Ritter's website (http://bear.cba.ufl.edu/ritter/ipodata.htm) shows, the typical IPO does worse than the average stock, not better.

Also, don't you have to be an institutional investor to get the actual IPO price?

Usually depends on how hot the IPO is. Hot ones normally swallowed by the institutional investors as they get first dibs. So-so and less of interest IPOs get passed down to the average joes.

Rosetta picked good time to IPO. Risk appetite is back with market climbing and I don't think there's been in IPO of anything in about 6-12 months.

eBay has said that Skype should be spinning out an IPO soon if I remember seeing that correctly.

I read rumor pages saying that Facebook is considering an IPO.

 

[JS80]

wow what a 2 days. went long yesterday, sold everything 30 min before close...recouped half my loss from shorting 2 weeks ago. Re-entered SRS...holding to weekend, market due for pullback and next week is great candidate.

 

[Rudee]

Up $22k since beginning of March.

 

[GTKeeper]

Originally posted by: JS80
wow what a 2 days. went long yesterday, sold everything 30 min before close...recouped half my loss from shorting 2 weeks ago. Re-entered SRS...holding to weekend, market due for pullback and next week is great candidate.

I started to build a put position on VNO and SPG.

 

[IHateMyJob2004]

Originally posted by: JS80

Originally posted by: destrekor

Originally posted by: JS80
I also bot Rosetta Stone RST yesterday for shits and giggles.

Do you think RST will keep moving up? At the rate they've already been moving, and their current price, in this market... I have no clue how to judge RST. I love Rosetta Stone as a company, and would love to get into their IPO, but... IPOs scare me for already well established companies - they open at a great price, but do they really have room to guy higher? Especially because I can't imagine a value due to what type of company they are.

I have no idea. On the surface they are overpriced. I was just trying to ride the way. Trying to make up for the loss I took shorting.

Don't buy into fads

 

[JS80]

Originally posted by: IHateMyJob2004

Originally posted by: JS80

Originally posted by: destrekor

Originally posted by: JS80
I also bot Rosetta Stone RST yesterday for shits and giggles.

Do you think RST will keep moving up? At the rate they've already been moving, and their current price, in this market... I have no clue how to judge RST. I love Rosetta Stone as a company, and would love to get into their IPO, but... IPOs scare me for already well established companies - they open at a great price, but do they really have room to guy higher? Especially because I can't imagine a value due to what type of company they are.

I have no idea. On the surface they are overpriced. I was just trying to ride the way. Trying to make up for the loss I took shorting.

Don't buy into fads

I sold for quick 1 day $1k profit. No balls to hold over weekend.