***Official*** 2012 Stock Market Thread

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Imp

Lifer
Feb 8, 2000
18,828
184
106
C is the first letter of a four letter word which happens to be what that stock is. :D

C and BAC are great stocks for short-term gambling. I made a shit load on both... then I lost twice that shit load and haven't looked back.
 

sm625

Diamond Member
May 6, 2011
8,172
137
106
Bought SPY Dec 7 141 puts @ 25 cents. These expire tomorrow. Hoping for a 10 bagger.
 
Sep 29, 2004
18,656
67
91
I'm surprised it got below $6 to be honest. I was lucky to have forgotten about a limit order to buy at $5. Up about 17% after DCA. No rush to sell.
 

Mermaidman

Diamond Member
Sep 4, 2003
7,987
93
91
Do you think a merger will occur? How would a merger with bankrupt AA affect price of LCC?

I'm wondering whether to sell now or keep . . .
 

JTsyo

Lifer
Nov 18, 2007
12,024
1,131
126
If I had bought the stocks I'm holding at their bottom, I could have been up a good bit now instead of just hoping to get back to even.
 

Imp

Lifer
Feb 8, 2000
18,828
184
106
tell me what site is easy to upload to.

lol... You own $15 of stock and commissions/transaction fees will be $19.98. Maybe it will go up 30% for you to break even?

Don't worry, I once blew $9.99 selling all my C -- I accidentally sold all but a few shares, so just sucked up the commission.
 

Blades

Senior member
Oct 9, 1999
856
0
0
lol... You own $15 of stock and commissions/transaction fees will be $19.98. Maybe it will go up 30% for you to break even?

Don't worry, I once blew $9.99 selling all my C -- I accidentally sold all but a few shares, so just sucked up the commission.

Yeah, pretty sure capacity codes<>quantity.

And Hugo, referencing an older post, I never said short 200 ocz puts.
 

FelixDeCat

Lifer
Aug 4, 2000
30,835
2,628
126
lol... You own $15 of stock and commissions/transaction fees will be $19.98. Maybe it will go up 30% for you to break even?

Don't worry, I once blew $9.99 selling all my C -- I accidentally sold all but a few shares, so just sucked up the commission.


You want to know pain? Back around 1998 (before I knew any better) I bought shares in United Companies Financial when the price dropped precipitously. I used to work for them in 1990. I bought all the way down. This time UC did not survive. They were ruined by the Russian Debt Crises of 1998 and went bankrupt. I lost about $20,000.

After the filing I had about 14,000 shares of this now penny stock. The shareholders kept in touch via Yahoo stock message board and we formed a creditors committee and hired a lawyer to represent us in the bankruptcy. Because of our tenacity, and because this was a relatively new thing to meet in cyberspace and fight a corporate bankruptcy, we were mentioned in the Wall Street Journal.

Finally around late 2001 we were awarded by the court of .45 cents per share. We knew this was coming because it had been discussed but we thought we where going to get checks based on participation in the lawsuit. I dumped all the shares in 2000 for .005 cents per share and recognized the loss for tax purposes.

The NASDAQ at the time made the decision to pay our recovery in the form of a dividend and as a result of selling my shares in 2000, I received nothing in 2001! You could have been buying hundreds of thousands of shares for .001 to .005 cents per share for a year with the advance knowledge and you would have been handsomely rewarded. Some of us did, but I didnt think they were going to pay it as a dividend. I missed out on $6,000+, not to mention the fortune I could have made buying more shares.

Anyway, we sued the NASDAQ for this and lost. It was like an extra kick in the teeth after losing so much money. The only good thing was I received a separate check based on our D&O liability suit against the insurance companies for about $2,000.

Karma paid me back however around 2007.

After remembering what happens to financial companies when the creditor banks turn off the spigots due to bad collateral, I shorted the ever-living-hell out of New Century Financial and rode it from $18.00 to $2. I did the same for Freemont and made a little on American Home shorting that too. All told I made about $60,000 in 2007.

Then 2008 came and took all my money away. :'(
 
Last edited:
Sep 29, 2004
18,656
67
91
lol... You own $15 of stock and commissions/transaction fees will be $19.98. Maybe it will go up 30% for you to break even?

Don't worry, I once blew $9.99 selling all my C -- I accidentally sold all but a few shares, so just sucked up the commission.

Not sure what you are talking about. I hide quantities and all that stuff because it is no ones business how much I own and not relevant to the conversation.

The only time I got screwed was on a partially filled order once.
 

Harrod

Golden Member
Apr 3, 2010
1,900
21
81
Not sure what you are talking about. I hide quantities and all that stuff because it is no ones business how much I own and not relevant to the conversation.

The only time I got screwed was on a partially filled order once.

What are your thoughts on the investigation into SD's management, do you think that this will depress what the stock is trading at? Do you think in the long run it is good for the company?
 
Sep 29, 2004
18,656
67
91
What are your thoughts on the investigation into SD's management, do you think that this will depress what the stock is trading at? Do you think in the long run it is good for the company?

Are you referring to this?
http://www.news9.com/story/20041359/shareholder-calls-for-overhaul-of-sandridge-energy-management

If so, I'm not worried. Is there an SEC investigation too?

There is this:
http://online.wsj.com/article/SB10001424053111904009304576528484179638702.html

But I'd not be worried about that either.
 

bookem dano

Senior member
Oct 19, 1999
250
11
81
posted 11/14/2012

As of 12/14 it turns out they were good bets (for now). :thumbsup:

For AMD, I agree not bad...but for ARR...I bought in the morning of the 13th. It took a nice dip on the 14th so had I done it a day later it would have been not bad. As it sits, the only gain I have is really the dividend.