***Official*** 2012 Stock Market Thread

[IHateMyJob2004]

Just watching everything I sold continue to go up ... USG, WFC, MAS.

 

[JEDI]

so why did the nasdaq go down while dow + S&p500 went up?

time to buy aapl on this (small) dip for short term gain (jan 21)?

 

[Imp]

I don't think you're gonna see the market death you were hoping for. Lots of high profile earnings reports soon -- and I think they'll be good.

It'll be a long, long wait for the crash =/

Overzealous traders like to be disappointed with earnings and guidance on quarterly earnings days. Lots of stuff that's already up tends to fly down for shits and giggles. Here's hoping!

Just watching everything I sold continue to go up ... USG, WFC, MAS.

Ya, SU is up over 10% since I dumped my 1/3 of portfolio holding. FML. Last time this happened, I got buy-happy and bought when up. Then it finally hit the shitter a week or two afterwards, and I ended up "holding" (worst decision ever) for months to see a few rallies and still sell at a loss.

 

[Imp]

so why did the nasdaq go down while dow + S&p500 went up?

time to buy aapl on this (small) dip for short term gain (jan 21)?

DOW is, apparently, price weighted so higher priced stocks like IBM ($100+) have more weight than lower priced stuff like BAC (~$6) (sound stupid...?).

NASDAQ is mostly tech stocks, S&P500 si hueg.

 

[IHateMyJob2004]

Like imp said. Congomerates and banks didwell today along with construction stocks. So did tech stocks though. The thing is, the market caps of tech relative to everything else is miniscule.

 

[IHateMyJob2004]

Ya, SU is up over 10% since I dumped my 1/3 of portfolio holding. FML. Last time this happened, I got buy-happy and bought when up. Then it finally hit the shitter a week or two afterwards, and I ended up "holding" (worst decision ever) for months to see a few rallies and still sell at a loss.

I am making a small change. I will buy half the stock back if the stock (WFC, USG, MAS) get within 1% of where I sold. If it continues to fall, I can DCA and be under my cost basis. If there is a rally, atleast I can participate in it.

 

[Imp]

I am making a small change. I will buy half the stock back if the stock (WFC, USG, MAS) get within 1% of where I sold. If it continues to fall, I can DCA and be under my cost basis. If there is a rally, atleast I can participate in it.

JPM is set to report Friday. WFC is usually very close (same day?), so that might be the catalyst for some major movement.

I'm sitting on cash, hoping for a pull-back as the banks report throughout the next 2 weeks. "Major" Euro meeting also within the next month.

 

[Arachnotronic]

Tried to play OCZ earnings. Epic fail.

 

[JEDI]

Tried to play OCZ earnings. Epic fail.

when did u try to play it cause OCZ went from 6.75/share to 8.10 in 4 days

 

[KB]

Ford just had some crazy volume spike. Not sure whats happening. I guess a Fund Manager decided to get out and it kicked off some stop-losses.

 

[rcpratt]

Mulally said at NAIAS that they had an annual loss in the Asian Pacific region for 2011.

 

[Hugo Drax]

An interesting high risk trade, either loss of capital or a nice gain. So trade accordingly and only allocate money you are willing to risk losing 100%.

This is the equivalent of a scratch off ticket.

The Groupon JAN 21 put options. The strike 15 options have traded at 10 cents. You might get filled at 10 cents right now. bid/ask is 5/15

Contract expires on the 21st EOD. GRPN earnings are on the 17th.

If GRPN disappoints, you will see a significant drop in the equity price and if it crosses the 15 strike, you could potentially turn a 100-130 dollar trade into 1000 dollars or more.

This is a pure play casino trade. And it is tax deductible if you fail to win the prize

 

[JTsyo]

Ford just had some crazy volume spike. Not sure whats happening. I guess a Fund Manager decided to get out and it kicked off some stop-losses.

Might be response to what they showed at the Detroit Auto Show.

 

[rcpratt]

Might be response to what they showed at the Detroit Auto Show.

If you're referring to the cars they showed, then no.

 

[The-Noid]

An interesting high risk trade, either loss of capital or a nice gain. So trade accordingly and only allocate money you are willing to risk losing 100%.

This is the equivalent of a scratch off ticket.

The Groupon JAN 21 put options. The strike 15 options have traded at 10 cents. You might get filled at 10 cents right now. bid/ask is 5/15

Contract expires on the 21st EOD. GRPN earnings are on the 17th.

If GRPN disappoints, you will see a significant drop in the equity price and if it crosses the 15 strike, you could potentially turn a 100-130 dollar trade into 1000 dollars or more.

This is a pure play casino trade. And it is tax deductible if you fail to win the prize

You should really disclose if you are lng in the above trade. With 4289 contracts open and 109 traded on the day it is a bit shady if you are hawking the trade...

 

[JEDI]

nasdaq is jumping today. Why isnt AAPL?

too late to jump on the AAPL short term profit band wangon?

 

[KB]

Mulally said at NAIAS that they had an annual loss in the Asian Pacific region for 2011.

Thanks. That would explain it.

 

[woodman1999]

nasdaq is jumping today. Why isnt AAPL?

too late to jump on the AAPL short term profit band wangon?

Resistance for AAPL is at/around 426. It touched it yesterday I believe and has since retreated. Not to much money to make there unless you're able to buy a ton of shares and think it'll bust through the barrier.

 

[Hugo Drax]

You should really disclose if you are lng in the above trade. With 4289 contracts open and 109 traded on the day it is a bit shady if you are hawking the trade...

I have no position in this trade. I am pointing out an interesting trade opportunity for those with a gamblers streak. It seems there are quite a few of them here.

I only work the IWM and SPY options/underlying.

 

[Imp]

Wow, mega fail on my part for checking out two weeks ago. It just won't stop...

Hoping that this super optimism implodes once a single piece of economic bad news comes out.

 

[Arachnotronic]

Wow, mega fail on my part for checking out two weeks ago. It just won't stop...

Hoping that this super optimism implodes once a single piece of economic bad news comes out.

My dad also checked out on my advice. I feel like an ass.

 

[jessieqwert]

Side- topic, but with tax season around the corner I was hoping to get some input from people that have been at this a while. I'm not looking to do any crazy loopholes, just make sure my bases are covered. Any pointers? Better to sell losses and claim them or hold them for future use in more profitable years? Any pitfalls people have encountered?

 

[KB]

Side- topic, but with tax season around the corner I was hoping to get some input from people that have been at this a while. I'm not looking to do any crazy loopholes, just make sure my bases are covered. Any pointers? Better to sell losses and claim them or hold them for future use in more profitable years? Any pitfalls people have encountered?

You can only deduct up to $3000 in capital losses per year. Further loses greater than $3000 can be carried over to further years. I would only sell if I didn't think the stock could come back anytime soon. You would have had to sell by the end of the year though.

 

[The-Noid]

You can only deduct up to $3000 in capital losses per year. Further loses greater than $3000 can be carried over to further years. I would only sell if I didn't think the stock could come back anytime soon. You would have had to sell by the end of the year though.

You can take the losses against any gain however. The type of gain offsets the type of loss first, then you can move onto non-like categories.

If you run out of long-term gains against long-term losses you can offset long-term losses against short-term gains.

 

[Aharami]

The JPM Healthcare conference is sending a lot of the biotech stocks soaring. DNDN, HGSI, ACHN, IDIX...etc

I was looking into getting in DNDN last week, but held off. doh!