***Official*** 2011 Stock Market Thread

[JS80]

JS80: played QQQ lately?

Yup, just shorted it with July puts

 

[Imp]

Ok, how freaking long can this rally last? Bank stocks are finally in decline, but the rest of the DOW companies are still going up.

Looking to add (re-add...) but it feels too much too soon right now. Jobs report Friday, wonder if that'll be the thing to send everything back down. Private payroll Thursday though, gonna be an interesting day tomorrow.

 

[eLiu]

anyone know what's up with VHC? 36.61 it's through the roof

 

[snoopdoug1]

anyone know what's up with VHC? 36.61 it's through the roof

no idea but I like it. It's really shot up since it hit 30.

 

[manlymatt83]

Yup, just shorted it with July puts

Still?

 

[IHateMyJob2004]

Why do I happily hold USG? Because I see the inevetable coming eventually. Buffett sees it sooner than I. I also own MAS. This is probably the most important statement an investor will have read this year.

source:
http://www.cnbc.com/id/43671706/page/3/


Buffett on CNBC this morning:

BECKY: All right, Carl, thank you very much. And, Warren, you heard these numbers. It was a better than expected ADP report and the futures are turning a little bit stronger this morning based on this. What do you think's happening in the jobs market right now?

BUFFETT: Well, what's happening in the whole economic picture, and it's been happening since the fall of 2009, is business has been getting better consistently in every area except construction. And some of our businesses are getting better at a really rapid rate and others are at a slow rate. But with 70-some businesses every business except the ones that are connected to retail can— to home construction are getting better. I think people vastly underestimate the amount of unemployment that is attached to these very subnormal construction— home construction figures and I think when home construction moves up you will be amazed at how fast employment will improve and how fast the unemployment rate will drop. But I'm not surprised by the— figures are getting better. I mean, we see it in every business we're in. We have more people working for Berkshire Hathaway than we had two months ago, four months ago, six months ago. But not in home construction. And when that comes back (construction), and it will come back— I may be— I predicted by the end of this year you'd start seeing it.

BECKY: OK.

BUFFETT: I don't know whether that's going to be true or not. I know it's going to come back. You're not going to have 500,000 housing starts a year for a lot of years in the United States. We're growing faster than that. But we had way, way too many houses in the— I can't measure exactly when that inflection point will be hit where it'll turn up. I said by the end of the year and I wouldn't be surprised if it's by the end of the year.

 

[PimpJuice]

Why do I happily hold USG? Because I see the inevetable coming eventually. Buffett sees it sooner than I. I also own MAS. This is probably the most important statement an investor will have read this year.

source:
http://www.cnbc.com/id/43671706/page/3/


Buffett on CNBC this morning:

BECKY: All right, Carl, thank you very much. And, Warren, you heard these numbers. It was a better than expected ADP report and the futures are turning a little bit stronger this morning based on this. What do you think's happening in the jobs market right now?

BUFFETT: Well, what's happening in the whole economic picture, and it's been happening since the fall of 2009, is business has been getting better consistently in every area except construction. And some of our businesses are getting better at a really rapid rate and others are at a slow rate. But with 70-some businesses every business except the ones that are connected to retail can— to home construction are getting better. I think people vastly underestimate the amount of unemployment that is attached to these very subnormal construction— home construction figures and I think when home construction moves up you will be amazed at how fast employment will improve and how fast the unemployment rate will drop. But I'm not surprised by the— figures are getting better. I mean, we see it in every business we're in. We have more people working for Berkshire Hathaway than we had two months ago, four months ago, six months ago. But not in home construction. And when that comes back (construction), and it will come back— I may be— I predicted by the end of this year you'd start seeing it.

BECKY: OK.

BUFFETT: I don't know whether that's going to be true or not. I know it's going to come back. You're not going to have 500,000 housing starts a year for a lot of years in the United States. We're growing faster than that. But we had way, way too many houses in the— I can't measure exactly when that inflection point will be hit where it'll turn up. I said by the end of the year and I wouldn't be surprised if it's by the end of the year.

yawn

 

[Imp]

BUFFETT: I don't know whether that's going to be true or not. I know it's going to come back. You're not going to have 500,000 housing starts a year for a lot of years in the United States. We're growing faster than that. But we had way, way too many houses in the— I can't measure exactly when that inflection point will be hit where it'll turn up. I said by the end of the year and I wouldn't be surprised if it's by the end of the year.

I wouldn't (literally in stock form) put money on that, but we'll see.

TGT had a nice pop today. Thought about putting some money in last week, but decided not to. Oh well.

Rally still going. Job reports tomorrow, if payroll firm's figures released today are any indication, they shouldn't be too bad. Come on sell off...

 

[IHateMyJob2004]

Imp,
You're in index funds?

Imp,
I bought into TGT a few weeks ago. Pretty darned close to the 52 week low. Today's pop was awesome. At this point, I am simply holding onto all my holdings. About 98% invested. I'm all in. Mostly in WFC (maybe 1/3 of my money is there)

 

[richardycc]

I guess the investment strategy of the month on here is try to make money from pump and dump scams..so here is one for you, NEOM. Go get 'em!

NEOM finally popped today...good thing I average down a bit since mid-june, doesn't look like pump and dump this time...

 

[SSSnail]

===
Also a general question for pro traders. Lets suppose i put in a request at midnight and someone else puts in a request at 3 am for the same price. who gets the stock first. does it depend on the trading house, or is the sequence when the person places the trade??

Sequence and availability of floats, most likely in your situation you'll get yours.

 

[Imp]

Imp,
You're in index funds?

Imp,
I bought into TGT a few weeks ago. Pretty darned close to the 52 week low. Today's pop was awesome. At this point, I am simply holding onto all my holdings. About 98% invested. I'm all in. Mostly in WFC (maybe 1/3 of my money is there)

Nope. Individual stocks, mostly speculative "long" trading. About 99% of my trades are DOW components, which is why I care about "the market".


And boo ya! Terrible job numbers, crashy crashy...

 

[Azurik]

This week should be an interesting week for stocks, we went from a really great June rally to a standstill. Earnings almost around the corner.

To be honest, I, like almost everyone, am worried about the US $, but there's really no good alternative - my belief is still the same as last year.

On the other hand... after being on Cloud 9 with an international Playboy Playmate, nothing seems to matter anymore

 

[goog40]

On the other hand... after being on Cloud 9 with an international Playboy Playmate, nothing seems to matter anymore

You know the rules. You cant just say something like that and not post pics.

 

[Imp]

This week should be an interesting week for stocks, we went from a really great June rally to a standstill. Earnings almost around the corner.

To be honest, I, like almost everyone, am worried about the US $, but there's really no good alternative - my belief is still the same as last year.

On the other hand... after being on Cloud 9 with an international Playboy Playmate, nothing seems to matter anymore

Clarification is necessary, my good man.

I read "Playbook" the first time.

 

[Pliablemoose]

Apple, buy it now, quarterlies released on the 19th, it'll ramp up till then, already had a nice run.

On the 14th they'll release the new MBA refresh, should be a nice bump in stock price too.

Buy on the rumor, sell on the news, or in Apple's case buy and hold for a couple of years...

Also, throw that "It's too expensive per share" argument up, each share still goes up no matter how many you have, 10 shares still goes up 5%, etc... You don't have to buy in blocks of 100.

 

[IHateMyJob2004]

All sorts of insider buying just happened here:
http://www.google.com/finance?client=ob&q=NASDAQ:TRST

 

[goog40]

Apple, buy it now, quarterlies released on the 19th, it'll ramp up till then, already had a nice run.

On the 14th they'll release the new MBA refresh, should be a nice bump in stock price too.

Buy on the rumor, sell on the news, or in Apple's case buy and hold for a couple of years...

Also, throw that "It's too expensive per share" argument up, each share still goes up no matter how many you have, 10 shares still goes up 5%, etc... You don't have to buy in blocks of 100.

Kicking myself for not buying more when it was in the 310s a couple weeks ago, even though AAPL already makes up a sizable portion of my portfolio. No plans to sell anytime in the near future. I still think they're extremely "cheap" at $360. With iPhone 5, iOS5, and iCloud on the horizon, things are looking up. And a deal to sell iPhones on China Mobile (largest cellular provider in the world with 600+ million subscribers) seems likely to happen, either this fall or next year.

 

[Azurik]

Clarification is necessary, my good man.

I read "Playbook" the first time.

Loose lips sink ships. She was a former Playmate of the Month and then was featured again in another later issue. She has her own business, is fluently quad-lingual and is a current fashion model. Extremely smart. If I wasn't so logical I'd marry her, haha

I don't want to say much because we communicate fairly often. Let's just say I think I'm a fairly decent looking guy with a good personality, but I know when I'm in above my head. Sometimes life is just about random luck, really.

 

[zimu]

Loose lips sink ships. She was a former Playmate of the Month and then was featured again in another later issue. She has her own business, is fluently quad-lingual and is a current fashion model. Extremely smart. If I wasn't so logical I'd marry her, haha

I don't want to say much because we communicate fairly often. Let's just say I think I'm a fairly decent looking guy with a good personality, but I know when I'm in above my head. Sometimes life is just about random luck, really.

did you tell her to invest in RMBS, as there's some big news next week?

 

[Imp]

Apple, buy it now, quarterlies released on the 19th, it'll ramp up till then, already had a nice run.

On the 14th they'll release the new MBA refresh, should be a nice bump in stock price too.

Buy on the rumor, sell on the news, or in Apple's case buy and hold for a couple of years...

Also, throw that "It's too expensive per share" argument up, each share still goes up no matter how many you have, 10 shares still goes up 5%, etc... You don't have to buy in blocks of 100.

Personally, I'd wait until after earnings. The stock really isn't that expensive, but I'm worried about traders with itchy "sell" fingers if earnings are ever so slightly not up to par, or the outlook isn't extravagant. I doubt it'd drop much even if news were bad, but I also doubt that it'd rise too much.

I'm looking at GOOG right now. Made 10% in 5 trading days last week and sold. They're near a 52-week low. Problem is that people are worrying that they've plateaued.

 

[Azurik]

did you tell her to invest in RMBS, as there's some big news next week?

She told me she would buy RMBS for me

You know the rules. You cant just say something like that and not post pics.

Ok, here's 3:

 

[Azurik]

Euro almost breaking the $1.40 line vs the US $.

 

[SSSnail]

Euro almost breaking the $1.40 line vs the US $.

I don't get it, Europe is a stinking pile of mess that's in no better shape - if not worse - than the US. How?

 

[JS80]

I don't get it, Europe is a stinking pile of mess that's in no better shape - if not worse - than the US. How?

When you want to reduce your risk, you sell stocks. When you sell stocks what do you receive in return?