***Official*** 2009 Stock Market Thread

[JS80]

If RMBS settles with cartel by September I am throwing a party for Azurick in NYC when I'm there for business.

 

[JS80]

Originally posted by: richardycc

Originally posted by: JS80

Originally posted by: richardycc
SQNM is up over a buck today...without any news yet...dead cat bounce? I avg downed a bit, I think my avg cost is in the high 3's/share, so I am up ~10% now, I was in the red for awhile....it's about time!

I bought MYST. Hoping some stock pumper comes in and pumps it.

Myst is a tough one, the stock has a mind of its own, no news can cause the stock price to up or down. volumn is still pretty low. I am waiting for that one day the stock price will pop...until then if you can get some under 7cents, just sell around 12cents, rinse and repeat. That's what I've been doing.

woo MYST is running

 

[Lamont Burns]

I had been in and out of RMBS a couple times. Several months ago I decided to ante up and threw down about 4k @ $7/share. Still holding... thanks Az!

 

[JS80]

whoa SPNG down 60%...

 

[SandEagle]

Originally posted by: JS80
whoa SPNG down 60%...

yup, down to .09... i jumped in with 8500 shares at .10.. probably should've waited a few minutes longer lol

 

[SSSnail]

Originally posted by: JS80
whoa SPNG down 60%...

I'm ROFLMAO at that one.

 

[KDKPSJ]

WTF is going on with SPNG, lol. It's mess now.

 

[JS80]

Originally posted by: everydae
WTF is going on with SPNG, lol. It's mess now.

probably a pump and dump. glad i avoided it.

 

[SSSnail]

Originally posted by: everydae
WTF is going on with SPNG, lol. It's mess now.

It's called daylight highway robbery, somebody just walked away with A LOT of money, and a bunch of shares. I never understood for the life of me why anybody would EVER set stop loss.

 

[ivan2]

^^ oh snap!

 

[IHateMyJob2004]

Originally posted by: SSSnail

Originally posted by: everydae
WTF is going on with SPNG, lol. It's mess now.

It's called daylight highway robbery, somebody just walked away with A LOT of money, and a bunch of shares. I never understood for the life of me why anybody would EVER set stop loss.

Traders need to use them or they can get destroyed in an instance. Especially when you invest in crap companies that might not be around in 5 years time. Gambling is not investing, it is speculating.

 

[SSSnail]

Originally posted by: IHateMyJob2004

Originally posted by: SSSnail

Originally posted by: everydae
WTF is going on with SPNG, lol. It's mess now.

It's called daylight highway robbery, somebody just walked away with A LOT of money, and a bunch of shares. I never understood for the life of me why anybody would EVER set stop loss.

Traders need to use them or they can get destroyed in an instance. Especially when you invest in crap companies that might not be around in 5 years time. Gambling is not investing, it is speculating.

Either you do your due diligence to invest in a solid company, or day trade. If you set stop losses, that's just asking for money to be taken away from you.

 

[JS80]

Originally posted by: SandEagle

Originally posted by: JS80
whoa SPNG down 60%...

yup, down to .09... i jumped in with 8500 shares at .10.. probably should've waited a few minutes longer lol

haha 50% in 25 minutes. Not bad.

 

[Kntx]

Has anyone here used an actual SPNG sponge?

 

[IHateMyJob2004]

Originally posted by: SSSnail

Originally posted by: IHateMyJob2004

Originally posted by: SSSnail

Originally posted by: everydae
WTF is going on with SPNG, lol. It's mess now.

It's called daylight highway robbery, somebody just walked away with A LOT of money, and a bunch of shares. I never understood for the life of me why anybody would EVER set stop loss.

Traders need to use them or they can get destroyed in an instance. Especially when you invest in crap companies that might not be around in 5 years time. Gambling is not investing, it is speculating.

Either you do your due diligence to invest in a solid company, or day trade. If you set stop losses, that's just asking for money to be taken away from you.

day trading is asking for money to be taken away from you. Or atleast a way to make less than the majhor indices.

 

[SSSnail]

Originally posted by: IHateMyJob2004

Originally posted by: SSSnail

Originally posted by: IHateMyJob2004

Originally posted by: SSSnail

Originally posted by: everydae
WTF is going on with SPNG, lol. It's mess now.

It's called daylight highway robbery, somebody just walked away with A LOT of money, and a bunch of shares. I never understood for the life of me why anybody would EVER set stop loss.

Traders need to use them or they can get destroyed in an instance. Especially when you invest in crap companies that might not be around in 5 years time. Gambling is not investing, it is speculating.

Either you do your due diligence to invest in a solid company, or day trade. If you set stop losses, that's just asking for money to be taken away from you.

day trading is asking for money to be taken away from you. Or atleast a way to make less than the majhor indices.

HAHAHAHA... HAHA... HAH....HAHAHAHA.... <breath> HAHAHAHAHAHAHAHAHA.....

HA. Don't quit your day job.

 

[hiromizu]

Originally posted by: SSSnail

Originally posted by: IHateMyJob2004

Originally posted by: SSSnail

Originally posted by: IHateMyJob2004

Originally posted by: SSSnail

Originally posted by: everydae
WTF is going on with SPNG, lol. It's mess now.

It's called daylight highway robbery, somebody just walked away with A LOT of money, and a bunch of shares. I never understood for the life of me why anybody would EVER set stop loss.

Traders need to use them or they can get destroyed in an instance. Especially when you invest in crap companies that might not be around in 5 years time. Gambling is not investing, it is speculating.

Either you do your due diligence to invest in a solid company, or day trade. If you set stop losses, that's just asking for money to be taken away from you.

day trading is asking for money to be taken away from you. Or atleast a way to make less than the majhor indices.

HAHAHAHA... HAHA... HAH....HAHAHAHA.... <breath> HAHAHAHAHAHAHAHAHA.....

HA. Don't quit your day job.

Every day/swing trader I've met whether in person or online has never admitted their net losses and always talks about how much they've made in 1 day. I wonder why?

 

[SSSnail]

Originally posted by: hiromizu
Every day/swing trader I've met whether in person or online has never admitted their net losses and always talks about how much they've made in 1 day. I wonder why?

To make you feel any better, I'm looking at an unrealized lost of $4.7K right now, but the important thing is, I don't have to sell.

 

[Phokus]

Originally posted by: SandEagle

Originally posted by: JS80
whoa SPNG down 60%...

yup, down to .09... i jumped in with 8500 shares at .10.. probably should've waited a few minutes longer lol

bah, i knew that shit was too good to be true... pump and dump scam? Good thing i didn't start doing that myself.

I think i'm going to start doing individual stocks (LEGIT ONES) myself... if you guys have any ideas, lemme know, i'm an accountant/corporate finance guy so i can read balance sheets/income statements for you.

 

[hiromizu]

Originally posted by: SSSnail

Originally posted by: hiromizu
Every day/swing trader I've met whether in person or online has never admitted their net losses and always talks about how much they've made in 1 day. I wonder why?

To make you feel any better, I'm looking at an unrealized lost of $4.7K right now, but the important thing is, I don't have to sell.

Well no, you can't sell right now because then you'd admit your losses. You have little choice but to hang on and stop staring at stocks you now think is going to outperform your losses...which it might. I say sell em and buy some seriously leveraged stocks!

 

[Phokus]

Originally posted by: SSSnail

Originally posted by: hiromizu
Every day/swing trader I've met whether in person or online has never admitted their net losses and always talks about how much they've made in 1 day. I wonder why?

To make you feel any better, I'm looking at an unrealized lost of $4.7K right now, but the important thing is, I don't have to sell.

Are you the ATOTer who does full time day trading but takes ADD meds to concentrate throughout the day?

 

[Crusty]

Originally posted by: Phokus

Originally posted by: SSSnail

Originally posted by: hiromizu
Every day/swing trader I've met whether in person or online has never admitted their net losses and always talks about how much they've made in 1 day. I wonder why?

To make you feel any better, I'm looking at an unrealized lost of $4.7K right now, but the important thing is, I don't have to sell.

Are you the ATOTer who does full time day trading but takes ADD meds to concentrate throughout the day?

He's also against shorting... so go figure

 

[SSSnail]

Originally posted by: hiromizu

Originally posted by: SSSnail

Originally posted by: hiromizu
Every day/swing trader I've met whether in person or online has never admitted their net losses and always talks about how much they've made in 1 day. I wonder why?

To make you feel any better, I'm looking at an unrealized lost of $4.7K right now, but the important thing is, I don't have to sell.

Well no, you can't sell right now because then you'd admit your losses. You have little choice but to hang on and stop staring at stocks you now think is going to outperform your losses...which it might. I say sell em and buy some seriously leveraged stocks!

LOL, this is where most day traders fail. But thanks for giving me the advice though, one of these days perhaps you too can learn how to profit.

Wait, I'm only $3.5K in unrealized loss now. Almost, I ALMOST followed your advice. Maybe I'll go play with something else to make up for it, then sell those other securities when I'm green. :light:

In the between the last post, my unrealized loss is now at $3.5K, but I netted $1.2K. Not bad huh?

What a freaking concept... FWIW, I no longer work.

 

[hiromizu]

I don't day trade and don't short - except one time when shorted the US indices via QID last year and there are times when I chase performance and would give up long term holdings. I'm still down 20% overall though - including realized and unrealized losses which is about 8k.

 

[Demo24]

Well I'm pretty happy about this week. I sold off most of my loosing stocks to consolidate my money and get into more promising things, rode one stock back into green, and am finishing green on some options I bought. My account has been red for too long so its nice to see green again. Kind of kicking myself on one though as last week I decided to test the area of options and unfortunately the last two days the stock tanked and I didn't get out when I should have. But now I know!