***Official*** 2011 Stock Market Thread

[KingstonU]

AMD really screwed me with barcelona. Thankfully that was my first time tip-toeing into stock trading so my lesson was learned with a minimal amount of cash. I'm once bitten twice shy about AMD stock now.

 

[Azurik]

I see that in the past 5 years, I have made quite a reputation here as the stock market thread has continuously grown. I appreciate the public, and private messages sent to me, and also the people who subscribed to my newsletter on this forum (and also to the good skeptism, as it produces useful dialogue).

Reputations are created and destroyed with key moments in time, but I'll say this:

I'm 90% certain Rambus won this case. The only question is the damage amount. Virtually all the juror requests to review material relate to Rambus' case in chief and evidence Rambus presented - none of it from the memory cartel.

For example, today they asked for Martinez. Mr. Martinez was a decision holder at Hyundai (now Hynix). Below is an excerpt from Rambus' evidence gathered at the FTC case which they won all the way through the Supreme Court:

551. In a July 1999 email, Mario Martinez of Hyundai recommended to Tabrizi and others at Hyundai that "(w)ith Samsung building significant amounts of [RDRAM], we need to work with them to limit the supply in the market, otherwise we both will be competing for market share which will result in an oversupply. We have to meet with Samsung and discuss our and their production plan, TAM analysis and targeted market share.

This is only a small snippet in a row of ducks about conspiring with competitors to fix prices and limit supply.

 

[kevman]

There's no court for RMBS today right ?

 

[SunnyD]

There's no court for RMBS today right ?

Correct.

 

[richardycc]

are the jurors back to work (where they can talk with co-workers, etc) then come back Monday or they are in isolation until Monday?

 

[TheNinja]

Thanks for everyone's opinion on NetFlix. Maybe I'll short the bastard!

 

[Miramonti]

Netflix's book value is about $6. They have been euphorically overpriced and now with the pyramid-scheme type pricing period finished, can easily drop into the $30-$50 range.

That would mean netflix would fall close to a 10 PER or lower. This is a company that is still growing imo...once it gets past this recent contraction from dissatisfied customers.

 

[Ms. DICKINSON]

Here kicking myself for not getting in on EK at $0.65. Should've been a quick in/out.

 

[chusteczka]

Just like I am kicking myself for getting into OCZ last week at $5.19 (currently $4.90) instead of Brocade at $3.80 (currently at $4.45).

OCZ was supposed to be a quick in-out the next day but it did not reach my expected price point and I hesitated too long.


Maybe here in the stock thread, I should provide the following disclaimer about myself:

My education and experience is in engineering and NOT in finance. In no way am I qualified to provide any investment advice and what is provided is purely my misguided opinion.

 

[Imp]

Bleh, not really checking my stocks as often anymore. Not so pretty when they're all just dropping. Need one big rally to "rescue" my gambling money.

 

[manlymatt83]

Any action on RMBS tomorrow morning?

 

[chihlidog]

Any action on RMBS tomorrow morning?

AFAIK, they havent announced anything or given any reason to think the jury wont still be deliberating, but it sounds like from what Azurik was saying they're close to a verdict.

Judging by the upswing this morning I'd guess most people agree. Some nice gains.

 

[richardycc]

scraped up enough pocket change and got some EK at $1.30 this morning.

 

[SunnyD]

scraped up enough pocket change and got some EK at $1.30 this morning.

Given it was $0.59 on Friday... D:

The only thing Kodak has left is patents.

 

[Imp]

Can the market just die already? Getting tired of these meltdowns and reversals, just die, then grow again "right".

Greece is dead, just let it die in an orderly fashion already.

 

[SunnyD]

Can the market just die already? Getting tired of these meltdowns and reversals, just die, then grow again "right".

Greece is dead, just let it die in an orderly fashion already.

Nope. This is the "new normal". It's what happens when you take brokers off the floor and let high frequency trading algorithms on computers run the market.

 

[Azurik]

Nope. This is the "new normal". It's what happens when you take brokers off the floor and let high frequency trading algorithms on computers run the market.

I wish HFT gets banned...

 

[IHateMyJob2004]

SD down to $5 again!

 

[SunnyD]

I wish HFT gets banned...

The good news is that they probably will be within a few years if this keeps up. But in the meantime you get to enjoy a depressed market to stock up for long term holds, then after the fact profit like mad when the economy picks up again.

 

[PimpJuice]

USG up 30% in the past 10 days.

Hope you sold, its been going down non-stop ever since.

 

[SunnyD]

Aww sweet, BAC into the $5.xx's!

 

[richardycc]

Given it was $0.59 on Friday... D:

The only thing Kodak has left is patents.

or it was ~$1.60 on Friday, too This is just a quick in and out beer money play, I will probably get out around $1.8-$2.

 

[IHateMyJob2004]

Hope you sold, its been going down non-stop ever since.

USG? I'm like an oversexed guy at a whore house. I bought more when it dropped a month ago or so. If it gets to $4, I'll buy more.

I sleep well at night owning USG.

I forget my whole history of USG but I have my cost basis under $10 right now. FWIW: I have some 2013 calls in USG that I bought recently. I also sold some puts out to 2013 to get some "free cash". I think the 2014s come out this month for USG.

Only in the stock market do people get worried when sale signs start appearing.

My only real move lately has been trading LEE in for FBN. I think LEE might be heading to zero in this environment. While the refi is mostly a done deal, if we hit a recession the refi could fall through.

Might move some of my WFC holding into SD.

 

[Jeffg010]

Looks bad for today's market blood bath coming.
http://finance.yahoo.com/news/Stock...tml?x=0&sec=topStories&pos=main&asset=&ccode=

 

[IHateMyJob2004]

Jeff,

I have little to back this up but based on what I saw with the stocks I follow yesterday, it looks like people are doing the panic thing again like when it happened in 2008. People just blindly pulling money out of mutual funds. That became systemic among retires and the Dow crashed in 2008.

Then again, maybe not. Some stocks I follow are up today. About 40% of them. Thinly traded ALGI is up 25%+. I never get into that one. Just have a lingering limit order that never fills.