***Official*** 2011 Stock Market Thread

[Corporate Thug]

OCZ on a tear.

 

[Arachnotronic]

What's this? AMD's correcting itself back up?

 

[IHateMyJob2004]

That's stupidly beautiful. I realized when I started trading that if I had a cold million and bought that much at once, I could just buy and set a sell order for every time it went up 0.1%. That'd make me $980 post comission. Just count the number of times that happens in a day and you're set for life.

But eventually, you will buy at the top and when do you give up and sell?

 

[jessieqwert]

Who's selling their NFLX puts??!

 

[TheNinja]

NFLX for a dead cat bounce or is this thing going down, down, down?

 

[JS80]

Wow warning on IBM. SHORT IBM.

 

[chipy]

Wow warning on IBM. SHORT IBM.

what's up with IBM other than the CEO is stepping down and being replaced... is this bad? what's the inside scoop?

 

[Imp]

But eventually, you will buy at the top and when do you give up and sell?

Let's not interject rational thought into this idea... It'll only lead to disappointment.

 

[lothar]

what's up with IBM other than the CEO is stepping down and being replaced... is this bad? what's the inside scoop?

Much ado about nothing.

Ginni Rommety has worked at IBM for over 30 years. She's more than well groomed to handle the job. Palmisano resigning at 60 is not a surprise either...Almost all IBM CEO's have done that.

I think people are just scared based on history of past failed women leading corporations(Fiorina, etc...)

 

[woodman1999]

Just out of curiosity, anybody looking at AMZN as a good buy right now?

 

[IHateMyJob2004]

Just out of curiosity, anybody looking at AMZN as a good buy right now?

I just skimmed the financials. I think it is a good short if anything. On top of being a $40B company trading at $100B, it is also a constant share diluter.

I don't know what kind of growth is needed to justify it's valuation but I can generalize in using the phrase "very VERY impressive growth".

Find something boring where it is painfully obvious that it is undervalued. My basket is full of issues like that.

EDIT: I just looked at the stock chart. Don't assume that AMZN will never see 2008 levels (under $100) again just because it is over $200 today:
http://www.google.com//finance?chdn...0&chls=IntervalBasedLine&q=NASDAQ:AMZN&ntsp=0

 

[onza]

Anyone own LNG?

Jackpot!

 

[Imp]

Goodbye morning rally... and to think I was worried the market wouldn't go down soon enough.

 

[KB]

Anyone own LNG?

Jackpot!

Lucky. Hope you sold immediately, its falling steadily.

 

[KB]

Just out of curiosity, anybody looking at AMZN as a good buy right now?

If you believe this guy, it is a good buy:
http://seekingalpha.com/article/301904-8-reasons-amazon-com-will-rocket-after-earnings-today

Although they are having double-digit revenue growth each quarter, their earnings are not keeping up. In their last earnings they made 14 cents a share. Thats worse than many $11/share stocks. They have a P/E of 105. Based on this I think AMZN should be $20 - $25.


Although it is true they are the most dominate internet retailer out there, they are losing the battle over sales taxes with the states and will find their business reduced because of it.

 

[IHateMyJob2004]

Goodbye morning rally... and to think I was worried the market wouldn't go down soon enough.

My biggest holding is well .... holding
http://www.google.com//finance?chdn...JI;INDEXSP:.INX&cmptdms=0;0&q=NYSE:USG&ntsp=0

 

[JS80]

what's up with IBM other than the CEO is stepping down and being replaced... is this bad? what's the inside scoop?

Female CEO will end badly

 

[manly]

Just out of curiosity, anybody looking at AMZN as a good buy right now?

actually thought of shorting them at $250 recently, but didn't guess their profitability would deteriorate in the near term. They gave an extremely wide range for Q4 guidance, and I actually think they'll have a strong holiday quarter.

 

[Imp]

My biggest holding is well .... holding
http://www.google.com//finance?chdn...JI;INDEXSP:.INX&cmptdms=0;0&q=NYSE:USG&ntsp=0

Mother.... When will this rally take a break!?! I need to re-enter! Unless this is a new base of course.

Honestly, most of the stuff I want to buy and still hold is still near their 52-week low, so I'd be set longer term, but I'm greedy.

 

[IHateMyJob2004]

Imp,

I figure that the dow at 13,500 is rational. When it was last there bargains were nearly impossible to find.

FWIW: I figure USG is worth $19 or so. I'll dump half of my holdings at $18. It's when, not if, with USG

 

[richardycc]

it's been 3 months already? GMCR is reporting its quarterly and annual results tonight…I am sitting this one out thou.

 

[richardycc]

it's been 3 months already? GMCR is reporting its quarterly and annual results tonight…I am sitting this one out thou.

guess they will report on 11/9 instead.

 

[lothar]

Female CEO will end badly

She can't possibly be worse than Leo Apotheker.

 

[SunnyD]

RMBS:

Micron and Hynix last night agreed to "share" any damages judgement/settlement that occurs - sounds to me like they're expecting to lose.

That said, they both have also said they would appeal any judgement against them.

-----

On a side note, any "lower" priced picks to watch out for right now? Looking at something in the $1-$2 range to buy in. I'm not adverse to long term holds. Right now I'm mostly building a portfolio to pass along to my kids. I was lucky enough to buy in to a few (F, RMBS) when they were at their low points during the last couple years. But with 5 kids, I'd like to have a bit more invested.

 

[Imp]

Looks like we're on a tear. Guess I shouldn't have started checking out. Oh well, still half in half out, so not missing out completely.