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***Official*** 2012 Stock Market Thread

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Intel17 said:
Are you joking? JNJ down on such a good news day?

Dang.
Click to expand...

What news was good today?

There was some BETA news in the form of the China rate cut, but you buy a company like JNJ for ALPHA news, not BETA news.

If you wanted BETA buy the SPX, if you want ALPHA and a lack of correlation you buy JNJ. You can only have so much in the world.
 
Out of OCZ @ $4.99 for a fractional gain. I'm okay with that, considering the path it took to get there.

Good day all around, though.
 
Okay, sold half my holdings. Hoping for a return to the lows of last week seeing as how things are only getting worse.

On the other hand, I'm half in, so if things go up, I'm not totally left out... Conflicted: want it to fall and go up. Going to go cut myself...
 
So Spain will be asking for a bailout... Tank Monday or "great, they recognized they have a problem and fixing it, so let's rally"?

Sweet... Half-out, so will hopefully make money either way.
 
Asia stocks are up on "officials willing to act"... But markets just opened. We'll see where it goes when it closes.

Waiting for the "OMFG, traders realizing how bad it really is - absolute fear".
 
Imp said:
So Spain will be asking for a bailout... Tank Monday or "great, they recognized they have a problem and fixing it, so let's rally"?

Sweet... Half-out, so will hopefully make money either way.
Click to expand...

Bailout it got, yes. yes.

Same boat as you though. I'm probably 40% cash so I could care less either way.
 
They keep using band aids when in actuality they need a tourniquet or amputation.

up 20 SPX handles overnight and now were red on futures @ 9:45.

Shows the markets interpretation.

The bull case can not be more bailouts.
 
Imp said:
Asia stocks are up on "officials willing to act"... But markets just opened. We'll see where it goes when it closes.

Waiting for the "OMFG, traders realizing how bad it really is - absolute fear".
Click to expand...

Sweet... we got both scenarios on the same day. That hasn't happened before (*cough* US "Debt Crisis").
 
dammit! got out of my ARNA position too soon. I had a limit sell set at 6.75 and sold yesterday morning. Today it just hit 7.40!!

Lesson learned. Never set GTC limit sales. Gah. over 2K left on the table!
 
Aharami said:
dammit! got out of my ARNA position too soon. I had a limit sell set at 6.75 and sold yesterday morning. Today it just hit 7.40!!

Lesson learned. Never set GTC limit sales. Gah. over 2K left on the table!
Click to expand...
I fucked up and missed the jump from $6.60 to $7.40, too, although for a different reason. Blah.
 
Don't think it's going to happen. I was too worried that I would miss the rest of the ride up through 6/27/12, so I bought back in at $7.37.
 
sold some ARNA at $8.41, they were sold before I even had time to change it to $8.43. might buy some more calls with the profits.

placed an open order at $7 just in case bear raid occurs.
 
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