***Official*** 2010 Stock Market Thread

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xCxStylex

xCxStylex

Senior member
Apr 6, 2003
710
0
0
What the hell?

In that case McDonalds is all over the world and are a great brand. They're also a profitable and stable company, compared to C.


TheNinja said:
Overall, you think Ford and WFR are pretty good buys though? One of my buddies swears Citi is a great buy b/c it's a global brand. He has traveled a lot and sees Citi signs everywhere in the world. Another slight down day isn't necessarily a bad thing imo. Especially for those of us that still have cash sitting around.
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thepd7

Diamond Member
Jan 2, 2005
9,423
0
0
TheNinja said:
Overall, you think Ford and WFR are pretty good buys though? One of my buddies swears Citi is a great buy b/c it's a global brand. He has traveled a lot and sees Citi signs everywhere in the world. Another slight down day isn't necessarily a bad thing imo. Especially for those of us that still have cash sitting around.
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Absolutely. Ford is a great 1-2 year buy, my target is $20 some time late 2011. WFR is going to be fine long term, I wish I would have bought today at $11.40 but I think it will dip again tomorrow and I can get in.

DaWhim said:
depend on your time horizon. citi is a good buy, but gov't is holding a lot of shares. every time the gov't makes announcement to sell off some citi shares, it will drop.
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Exactly. I think Citi is a good buy but going to hover for a while. That being said, there are plenty of other solid companies which are going up faster.

xCxStylex said:
What the hell?

In that case McDonalds is all over the world and are a great brand. They're also a profitable and stable company, compared to C.
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And if McDonalds was extremely undervalued because of feelings then they would be a buy as well, but that's not the case.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,091
2,715
126
rallymonkey.jpg


How about a tiny updraft? ;)
 
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SKC

Golden Member
Jan 8, 2001
1,206
0
71
FelixDeKat said:
During the so called "flash crash" you could have picked up LVS for $18-$21, dumped it last week for $24.80, and can now buy it back for $22.50. Being that the Euro has taken back some ground as shorts are covering a bit, Im hoping for a relief rally this week in the market for OPEX. This is only a hope however and I could be wrong. The Euro thing is not over, but a brief respite might be in order.

Therefore, I bought a few LVS 24's for .21 that expire on Friday. I know its a long shot, but if I cant get a quick double between now and then Ill be happy. ;)
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let's hope. I was holding for 25 last week, hindsight says I should have dumped. Learning experience, but it's also very difficult to time the market :)
 
Connoisseur

Connoisseur

Platinum Member
Sep 14, 2002
2,470
1
81
I know DRYS has been discussed here a couple of times. I bought a couple thousand shares a year ago at 7 hoping it'll rise with the gas prices. Obviously it's a no go and I feel like i'm so deep in the hole that i have to hold onto it. I was also looking at past performance where the share price shot up to around 100/share in '07 and early '08.

Any thoughts on why this stock is so stagnant? Conversely, any thoughts on why it shot up so high in the past? I thought it had to do with gas prices but obviously I don't have nearly all the info. Also, reading up on the Q1 earnings, i thought they were favorable. If you take away the one-time costs, their EBITDA was $0.26 a share which soundly beat analyst expectations. I'm a bit confused.
 
J

Jassi

Diamond Member
Sep 8, 2004
3,296
0
0
Connoisseur said:
I know DRYS has been discussed here a couple of times. I bought a couple thousand shares a year ago at 7 hoping it'll rise with the gas prices. Obviously it's a no go and I feel like i'm so deep in the hole that i have to hold onto it. I was also looking at past performance where the share price shot up to around 100/share in '07 and early '08.

Any thoughts on why this stock is so stagnant? Conversely, any thoughts on why it shot up so high in the past? I thought it had to do with gas prices but obviously I don't have nearly all the info. Also, reading up on the Q1 earnings, i thought they were favorable. If you take away the one-time costs, their EBITDA was $0.26 a share which soundly beat analyst expectations. I'm a bit confused.
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Drys has been on my watch-list for over a year for a potential future dividend play. I am not even considering it at the moment, for the simple reason that the stock has been heavily diluted since the days when the PPS hit it's peak. They used to have a float of 40 Million that is now close to mid-200s. The dividend is obviously suspended and the fact that they are based in Greece hasn't helped them much either.

Future prospects look bleak in my opinion. In 5-10 years, who knows. Dilution and the drop in trade has killed the PPS for the time being.
 
Connoisseur

Connoisseur

Platinum Member
Sep 14, 2002
2,470
1
81
Jassi said:
Drys has been on my watch-list for over a year for a potential future dividend play. I am not even considering it at the moment, for the simple reason that the stock has been heavily diluted since the days when the PPS hit it's peak. They used to have a float of 40 Million that is now close to mid-200s. The dividend is obviously suspended and the fact that they are based in Greece hasn't helped them much either.

Future prospects look bleak in my opinion. In 5-10 years, who knows. Dilution and the drop in trade has killed the PPS for the time being.
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Hmm kind of what I was afraid of. Didn't take into account the dilution. Before anybody asks, yes I'm a n00b at stock analysis. It's unfortunate I guess. I wonder what the prospects are of the price recovering to the ~7 level so I can sell it for a break even/smaller loss. The money is better spent elsewhere.
 
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thepd7

Diamond Member
Jan 2, 2005
9,423
0
0
Connoisseur said:
Hmm kind of what I was afraid of. Didn't take into account the dilution. Before anybody asks, yes I'm a n00b at stock analysis. It's unfortunate I guess. I wonder what the prospects are of the price recovering to the ~7 level so I can sell it for a break even/smaller loss. The money is better spent elsewhere.
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Yeah I'm in ESLR for way too much and down as well, at this point it's gotta be about what's going to make money though. Even though I think ESLR will come up in the next year there is tons of stuff which is going to go up faster and make more. Just gotta get the money out and be ok with taking a loss.
 
Azurik

Azurik

Platinum Member
Jan 23, 2002
2,206
12
81
I bought SMN (ProShares UltraShort Basic Materials) two days ago for $40.69 - I think materials have topped out around here, but I'll play it by ear.

RMBS - My bet is we hear word from the ITC panel this upcoming Monday and the more important (or at least equally important) CAFC decision before the end of May. In Rambusland, you learn to extend court actions by a considerable timeframe, but with one of the CAFC judges on this panel retiring at the end of this month, I'm willing to gamble.

I have June $21/$22 puts to cover my 10,000 shares. That will cover me until June 18th so I need to see action action action!!! An adverse CAFC decision will definitely send RMBS tumbling. I don't see this as likely, but with a binary decision coming up in a relatively known timeframe, one needs protection.

Disclosure: 60% Cash/Bonds, 40% Equities

---> I'll buy more RMBS for good measure if it drops under $23, and then hope it goes up before the decision to buy the equivalent puts cheaper.
 
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HopJokey

Platinum Member
May 6, 2005
2,110
0
0
Azurik said:
I bought SMN (ProShares UltraShort Basic Materials) two days go for $40.69 - I think materials have topped out around here, but I'll play it by ear.

RMBS - My bet is we hear word from the ITC panel this upcoming Monday and the more important (or at least equally important) CAFC decision before the end of May. In Rambusland, you learn to extend court actions by a considerable timeframe, but with one of the CAFC judges on this panel retiring at the end of this month, I'm willing to gamble.

I have June $21/$22 puts to cover my 10,000 shares. That will cover me until June 18th so I need to see action action action!!! An adverse CAFC decision will definitely send RMBS tumbling. I don't see this as likely, but with a binary decision coming up in a relatively known timeframe, one needs protection.

Disclosure: 60% Cash/Bonds, 40% Equities

---> I'll buy more RMBS for good measure if it drops under $23, and then hope it goes up before the decision to buy the equivalent puts cheaper.
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That's a smart play regarding the puts. You are betting that there is a decision either way by June 18th which has a high probability of happening.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,091
2,715
126
Well my LVS calls were up 49% overnight on the Paulson casino investment news but I got greedy (as usual) and wanted more so didnt dump them. Then the German shorting ban news came out midday (total red herring IMO but just an excuse to short the market) and took my profit away about an hour later. I still got 'em but they are pretty much worthless now.

Remember folks....dont be greedy. If 49% overnight is not enough for you, youre doing it wrong! :)
 
S

SKC

Golden Member
Jan 8, 2001
1,206
0
71
FelixDeKat said:
Well my LVS calls were up 49% overnight on the Paulson casino investment news but I got greedy (as usual) and wanted more so didnt dump them. Then the German shorting ban news came out midday (total red herring IMO but just an excuse to short the market) and took my profit away about an hour later. I still got 'em but they are pretty much worthless now.

Remember folks....dont be greedy. If 49% overnight is not enough for you, youre doing it wrong! :)
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amen.
 
R

richardycc

Diamond Member
Apr 29, 2001
5,719
1
81
that's why I sold the rest of my .pk for a 100+% gain for only one week of holding. not bad, maybe they are the real OREdeal, but who knows.
 
R

richardycc

Diamond Member
Apr 29, 2001
5,719
1
81
Slew Foot said:
That doesnt sound like that bad a deal, if even for the dividend only.
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I will hold these long term. if SPG is worth ~80/share, GGP at this price level is a steal. I love all of the GGP malls I've been to...another example of buy what you use/love. ;)
 
Azurik

Azurik

Platinum Member
Jan 23, 2002
2,206
12
81
Rambus should be bought ahead of legal resolutions, says Capstone
Capstone recommends owning Rambus ahead of the two legal decisions expected over the next three weeks. The firm notes that next week, Rambus is expected to receive final determination in its case versus Nvidia (NVDA), which Capstone estimates could be worth $6-$8 per share. A Court of Appeals decision in the Hynix/Micron (MU) case could follow that on May 31, which Capstone thinks could be worth $4 per share for Rambus.

This is the reason why RMBS was only down 1% today when it should have dropped 8% (RMBS is a double beta stock). Everyone is lining up bets on both sides and option premiums are expensive.

I personally believe Capstone has it backwards. A decisive win at the CAFC should be a bigger boost than a win at the ITC.
 
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Ushio

Member
Jul 19, 2004
121
0
76
I bet RMBS will have a favorable outcome since it somehow likes to put out good news in the worst possible market conditions lol

got stopped out of the bidu/lvs puts when I was away only to come back and see the market took a dump, I got to have more faith in my new bear stance!

still recovering from the beating I took from the market a few weeks ago, would've more than covered the loss if i held my puts damnit

still holding a few jnj/mco puts
 
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