***Official*** 2009 Stock Market Thread

[Azurik]

Originally posted by: Slew Foot
Hey AZ, you coming towards Sacramento? Ill take you out for steak if you are.

Thanks for the generous offer buddy, but unfortunately this trip is going to be somewhat limited in time - visiting Rambus and staying with a best friend of mine that's moved out there a few years ago to work for Dreamworks.

A lot of Cali ATOT'ers huh? What am I doing in Boston?!?

 

[eLiu]

Originally posted by: Azurik

Originally posted by: JS80

Originally posted by: Slew Foot

Originally posted by: JS80

Originally posted by: Azurik

Originally posted by: JS80

Buy July options for this. I'll put the Azurik guarantee that it goes up at least $1.00 Monday regardless of what the Dow/Nas/S&P does.

heh bot the Jul 17 calls this morning.

What are you guys referring to?

I think he's referring to RMBS and the nvidia thing. I bought it for nvidia and hynix bond posting/possibility of settlement.

I was referring to DNDN, currently up $1.67.

Huh? secret code language? lol no one has mentioned DNDN in at least 2 wks

Anyway I followed JS80 into more rmbs... so c'mon court decisions!

 

[MrYogi]

Originally posted by: eLiu

Originally posted by: Azurik

Originally posted by: JS80

Originally posted by: Slew Foot

Originally posted by: JS80

Originally posted by: Azurik

Originally posted by: JS80

Buy July options for this. I'll put the Azurik guarantee that it goes up at least $1.00 Monday regardless of what the Dow/Nas/S&P does.

heh bot the Jul 17 calls this morning.

What are you guys referring to?

I think he's referring to RMBS and the nvidia thing. I bought it for nvidia and hynix bond posting/possibility of settlement.

I was referring to DNDN, currently up $1.67.

Huh? secret code language? lol no one has mentioned DNDN in at least 2 wks

Anyway I followed JS80 into more rmbs... so c'mon court decisions!

Hehehe. I loaded up on RMBS options on Friday. I did not know Azurik meant DNDN

 

[eLiu]

Originally posted by: MrYogi

Originally posted by: eLiu

Originally posted by: Azurik
I was referring to DNDN, currently up $1.67.

Huh? secret code language? lol no one has mentioned DNDN in at least 2 wks

Anyway I followed JS80 into more rmbs... so c'mon court decisions!

Hehehe. I loaded up on RMBS options on Friday. I did not know Azurik meant DNDN

Yup. I kinda think Azurik is joking since RMBS didn't go up $1 or at all. But if the upcoming hearing goes well, it'll be good for us.

 

[Dacalo]

Originally posted by: eLiu

Originally posted by: MrYogi

Originally posted by: eLiu

Originally posted by: Azurik
I was referring to DNDN, currently up $1.67.

Huh? secret code language? lol no one has mentioned DNDN in at least 2 wks

Anyway I followed JS80 into more rmbs... so c'mon court decisions!

Hehehe. I loaded up on RMBS options on Friday. I did not know Azurik meant DNDN

Yup. I kinda think Azurik is joking since RMBS didn't go up $1 or at all. But if the upcoming hearing goes well, it'll be good for us.

The Oracle was testing our faith.

 

[zimu]

just dropped some more onto SPNG yesterday after news of insane amount of orders. good choice i think, looks like this penny stock's gonna take off!

thanks to whoever it was that pointed it out on this forum

 

[SandEagle]

Originally posted by: zimu
just dropped some more onto SPNG yesterday after news of insane amount of orders. good choice i think, looks like this penny stock's gonna take off!

thanks to whoever it was that pointed it out on this forum

yup, i got in on this one too.

keep an eye on BIEL. they are up huge today.

 

[pravi333]

what exactly happened to AIG shares & why? i had been holding on to some 200 shares@ 3.00 and had planned to pass it on to my grand child (Note: i dont even have a kid yet) now my number of shares have come down to 10 @19.82!

 

[mshan]

Found this via google: http://www.huffingtonpost.com/...t-the-re_b_223470.html (20:1 reverse stock split)

 

[pravi333]

"It's usually a bad sign if a company is forced to reverse split - firms do it to make their stock look more valuable when, in fact, nothing has changed. A company may also do a reverse split to avoid being delisted."

I dont know whats left of AIG to make it look more bad.

 

[Slew Foot]

More likely to avoid being delisted. Most funds and such wont touch stocks under $5, so this makes it more attractive towards large buyers.

 

[richardycc]

I am ALL IN with HGSI.

 

[Azurik]

Echostar/Dish Network was granted a stay of the injuction against them until the appeal is through. I expect TIVO to go down 10%+ tomorrow on the headlines. However, the appeals court is expediting this case to November which saves about 6-12 months off the normal procedure. That is good news for TIVO.

Ultimately, I believe TIVO is way undervalued given the circumstances, but this is now a story that is going to take some time rather than the instant gratification the momo players seek.

So short-term down, but within 6-12 months I expect the shares to go over $20+.

I'm flying to California tomorrow morning - catch up with you guys later!

 

[eLiu]

People still holding onto july rmbs calls? The 17s at least are just slip-slidin' away, lol.

 

[Slew Foot]

Originally posted by: eLiu
People still holding onto july rmbs calls? The 17s at least are just slip-slidin' away, lol.

Like i said with rmbs, you got to go long term, after the trial is over

 

[eLiu]

Originally posted by: Slew Foot

Originally posted by: eLiu
People still holding onto july rmbs calls? The 17s at least are just slip-slidin' away, lol.

Like i said with rmbs, you got to go long term, after the trial is over

I know that some folks here are/were holding july calls (including me), and I was wondering what they're doing. That said I don't own much in july, but it'd be cool they didn't become worthless, haha. I guess I'm wondering if even good news for rmbs will kick it back up given all the bad news elsewhere on the market.

 

[Azurik]

www.twitter.com/azurik

 

[MrYogi]

Originally posted by: eLiu

Originally posted by: Slew Foot

Originally posted by: eLiu
People still holding onto july rmbs calls? The 17s at least are just slip-slidin' away, lol.

Like i said with rmbs, you got to go long term, after the trial is over

I know that some folks here are/were holding july calls (including me), and I was wondering what they're doing. That said I don't own much in july, but it'd be cool they didn't become worthless, haha. I guess I'm wondering if even good news for rmbs will kick it back up given all the bad news elsewhere on the market.

I am holding some july calls. Got 10 at $1.00 = $1000
They are worth about $500 now or may be less.

 

[cheezy321]

http://blogs.reuters.com/comme...ldman-trading-scandal/

While most in the US were celebrating the 4th of July, a Russian immigrant living in New Jersey was being held on federal charges of stealing top-secret computer trading codes from a major New York-based financial institution?that sources say is none other than Goldman Sachs.

The allegations, if true, are big news because the codes the accused man, Sergey Aleynikov, tried to steal is the secret code to unlocking Goldman?s automated stocks and commodities trading businesses. Federal authorities allege the computer codes and related-trading files that Aleynikov uploaded to a German-based website help this major ?financial institution? generate millions of dollars in profits each year.

This seems like a pretty significant problem for the market as a whole. What should we expect this week considering this news it out there?

 

[eLiu]

Originally posted by: MrYogi

Originally posted by: eLiu

Originally posted by: Slew Foot

Originally posted by: eLiu
People still holding onto july rmbs calls? The 17s at least are just slip-slidin' away, lol.

Like i said with rmbs, you got to go long term, after the trial is over

I know that some folks here are/were holding july calls (including me), and I was wondering what they're doing. That said I don't own much in july, but it'd be cool they didn't become worthless, haha. I guess I'm wondering if even good news for rmbs will kick it back up given all the bad news elsewhere on the market.

I am holding some july calls. Got 10 at $1.00 = $1000
They are worth about $500 now or may be less.

lol, I've lost about 75% value on july calls, which means there ain't much left. Might as well see what happens this week.

edit: on a roller coaster, this would be the fun part

 

[pravi333]

Originally posted by: cheezy321
http://blogs.reuters.com/comme...ldman-trading-scandal/

While most in the US were celebrating the 4th of July, a Russian immigrant living in New Jersey was being held on federal charges of stealing top-secret computer trading codes from a major New York-based financial institution?that sources say is none other than Goldman Sachs.

The allegations, if true, are big news because the codes the accused man, Sergey Aleynikov, tried to steal is the secret code to unlocking Goldman?s automated stocks and commodities trading businesses. Federal authorities allege the computer codes and related-trading files that Aleynikov uploaded to a German-based website help this major ?financial institution? generate millions of dollars in profits each year.

This seems like a pretty significant problem for the market as a whole. What should we expect this week considering this news it out there?

why market as a whole? If anything its for GS and their edge over the rest of the market.

 

[Dacalo]

What's going on with RMBS today? up ~5%

 

[cheezy321]

Originally posted by: pravi333

Originally posted by: cheezy321
http://blogs.reuters.com/comme...ldman-trading-scandal/

While most in the US were celebrating the 4th of July, a Russian immigrant living in New Jersey was being held on federal charges of stealing top-secret computer trading codes from a major New York-based financial institution?that sources say is none other than Goldman Sachs.

The allegations, if true, are big news because the codes the accused man, Sergey Aleynikov, tried to steal is the secret code to unlocking Goldman?s automated stocks and commodities trading businesses. Federal authorities allege the computer codes and related-trading files that Aleynikov uploaded to a German-based website help this major ?financial institution? generate millions of dollars in profits each year.

This seems like a pretty significant problem for the market as a whole. What should we expect this week considering this news it out there?

why market as a whole? If anything its for GS and their edge over the rest of the market.

Goldman Sachs is crazy influential over the entire stock market. That is why I said it.

 

[GTKeeper]

Originally posted by: Azurik

Originally posted by: Slew Foot
Hey AZ, you coming towards Sacramento? Ill take you out for steak if you are.

Thanks for the generous offer buddy, but unfortunately this trip is going to be somewhat limited in time - visiting Rambus and staying with a best friend of mine that's moved out there a few years ago to work for Dreamworks.

A lot of Cali ATOT'ers huh? What am I doing in Boston?!?

I am in beantown as well.

 

[eLiu]

General [noob] options question: when do people usually sell the options that they hold? (e.g. jul rmbs expires next friday... do I wait till then or sell earlier?) If you wait too long, will you be unable to find buyers & be stuck with it? Or is there some kind of entity that handles options<->cash conversion?