buy low, sell high.

thats what i say

1/22/2008 11:41:38 AM

Why don't you say it a third time?

1/22/2008 11:44:06 AM

Ok so I took a gamble on CC the other day. Happy today but not sure how long to hold.

1/22/2008 1:17:44 PM

i missed the CC boat damnit.

1/22/2008 1:58:36 PM

Quote :

"Aren't we already in the midst of one?"

Quote on page 8 talking about a recession. Do people even understand the definition of a recession? No we are not in a recession. We could be headed towards one, but not yet.

1/22/2008 2:56:33 PM

A recession is a period of reduced economic activity.

1/22/2008 3:01:28 PM

recession = 2 consequtive quarters of negative gdp

that said, even if we don't get a recession per se, an extended period of low gdp could concievably do as much or more damage

1/22/2008 3:06:39 PM

Well, sure if you want to get all technical. I was just talking about the simple webster definition.

1/22/2008 3:10:46 PM

Quote :

"Ok so I took a gamble on CC the other day. Happy today but not sure how long to hold."

Probably 2+ years.

News is that Mark Wattles, who is credited for buying and turning around Ultimate Electronics (http://www.twice.com/article/CA6360125.html), has bought 6.5% stake in Circuit City. The only article I can find on this right now is on the Dow Jones Newswire that I get through eTrade, so I don't have a link that I can share.

[Edited on January 22, 2008 at 3:59 PM. Reason : I bought when it was still 4.70 , but I plan to hold it a good long time.]

1/22/2008 3:58:37 PM

First close below 12000 for the Dow since October 2006.

1/22/2008 4:38:06 PM

Apple down $14 AH
watch it tank in real time:
http://www.level2quotes.com/

Apple reports 58% profit increase
By Rex Crum
Last update: 4:34 p.m. EST Jan. 22, 2008
SAN FRANCISCO (MarketWatch) -- Apple Inc. (AAPL:
Apple Inc

Last: 155.64-5.72-3.54%

155.64, -5.72, -3.5%) on Tuesday reported a first-quarter profit of $1.58 billion, or $1.76 a share, on revenue of $9.6 billion. During the same period a year ago, Apple earned $1 billion, or $1.14 a share, on $7.12 billion in sales. Analysts surveyed by Thomson Financial had forecast Apple to earn $1.62 a share on revenue of $9.47 billion. Apple said that during the quarter ended Dec. 31 it sold 22.1 million iPods and 2.3 million Macintosh PCs. For its second quarter, the company estimates it will earn 94 cents a share on $6.8 billion in revenue.

1/22/2008 5:06:54 PM

oh snap it's at $137

1/22/2008 5:27:37 PM

i thought it interesting that were was probably 3 times higher police present on Wall St today...as if someone would be so upset with the market downturn they'd go loco

1/22/2008 7:21:06 PM

do yall think it's time to buy, or wait a little longer?

1/22/2008 7:52:48 PM

Been making bank off of AAPL this week

1/22/2008 7:59:15 PM

i wanna get back into AAPL.

don't have the money to do it right now, though. might do something i always have sworn off--buying on margin.

[Edited on January 22, 2008 at 8:14 PM. Reason : asdf]

1/22/2008 8:14:01 PM

^dont do it...with this markey volatility anything can happen no matter what the fundamentals of a stock are

1/22/2008 8:35:59 PM

^^^ puts or selling short?

1/22/2008 8:38:41 PM

Im looking into getting a Roth IRA here sometime before April.

Any suggestions on which mutual funds to look at?
Which company has the best Roth (Ameritrade? Vanguard? Fidelity?)

1/22/2008 8:43:12 PM

Put in a buy limit order for ~147 during the holiday that I was able to sell at 157, and then I shorted on top of that.

[Edited on January 22, 2008 at 9:52 PM. Reason : I also bought a few lottery tickets]

1/22/2008 9:35:27 PM

^^ Vanguard. VFIFX

1/22/2008 10:18:29 PM

AAPL down 12% overnight

1/23/2008 6:37:28 AM

Looks like today will provide the Tech sector capitulation that I was looking for. After that no part of the market looks overbought to me given that we will have typical US recession. However, at least two risks remain that I can see.

1) The market moves into oversold territory. I know a lot of people feel it is already there but I think we are just crossing in to it. The continued strength in 2007 just didn't seem justified to me.

2) The recession is much worse than typical. I don't think anyone knows how bad it will get. It could be as bad as 82-83 and that would mean more selling. Honestly it could be worse. However, the Fed is signaling strong vigilance against a 82-83 scenario, so there is hope there.

Bottom line - If today is as bad as I think I will start to move out of bonds. The ten year is at 3.3% this morning. I just don't know how much further she can move. Could the Ten sustain 3.15? That would be unheard of.

1/23/2008 9:21:01 AM

thinking about getting some CSCO soon and keep it for a while.

1/23/2008 9:51:41 AM

BUY 7 AAPL $137.91 $972.37
BUY 2 GOOG $557.00 $1,121.00

1/23/2008 9:52:59 AM

Holy shit I have lost so much money.

1/23/2008 10:03:56 AM

Yeah, me too, but I just keep buying more. In 30 years I'll be glad I did...

1/23/2008 10:04:55 AM

If this keep repeating themselves maybe. Could be different this time.

1/23/2008 10:49:36 AM

RIMM, VMW, CSCO, and QQQQ making my portfolio look real bloody

1/23/2008 10:58:51 AM

btw, check out NITE. i think they're making money whether the market goes up or down.

they're the guys taking the other side of most of our ill-timed trades

1/23/2008 11:30:52 AM

^^

I never had the guts to pull the trigger on any QQQQ puts. Kicking myself now.

Looks like the Feb 45 put when from around .50 to 3.16 today. Missed out on a 600%+ return.

[Edited on January 23, 2008 at 11:58 AM. Reason : :-(]

1/23/2008 11:53:40 AM

AAPL at $130


i'm a stock noob what does "Looks like the Feb 45 put when from around .50 to 3.16 today. Missed out on a 600%+ return." mean?

[Edited on January 23, 2008 at 12:00 PM. Reason : ]

1/23/2008 12:00:30 PM

that's the thing about volatility - its comes at you fast

a less extreme way to play the put on the QQQQ is QID

1/23/2008 12:04:10 PM

I'm extra extra glad I sold GOOD at $610.

1/23/2008 12:08:08 PM

CSCO 22.45 down 1.027 (4.37%)
AAPL 128
GOOG 533


crazy

1/23/2008 12:12:58 PM

XOM is screaming down. This is really hurting me.

1/23/2008 12:16:19 PM

XOM had record profits; i'd buy in some more

1/23/2008 12:27:10 PM

I'll wait until it goes down some more to get some...

1/23/2008 12:35:12 PM

^^

Not anymore

http://www.bloomberg.com/apps/news?pid=20601087&sid=a66G0YlSxdnE&refer=home

1/23/2008 12:55:51 PM

look at the market fall, i got three open put positions
aapl, goog, fslr i hope none of you were holding...

1/23/2008 1:26:20 PM

Quote :

"i'm a stock noob what does "Looks like the Feb 45 put when from around .50 to 3.16 today. Missed out on a 600%+ return." mean?"

Not sure what is confusing so i will do it in pieces

It Looks like the -> normal English

Feb 45 put --> a contract called a "put" which would give me the right to sell QQQQ at $45 before Feb 16th

when from around --> typo should be "went from around"

.50 to 3.16 --> increased in price from 50 cents to 3 dollars and 16 cents.

Missed out on a 600% return --> I could have bought it for 50 cents and then sold it for 3.16 making more than 6 times the money that I spent.

1/23/2008 2:50:40 PM

nicely 'put' kwsmith2

1/23/2008 3:18:30 PM

WHAT IN THE BLOODY HELL IS HAPPENING?
I GO OUT TO QUIZNOS AND DON'T CHECK THE MARKETS...NEXT THING I KNOW THEY'RE RECOVERING.


...Maybe we should all go eat at Quiznos more often lol.

1/23/2008 3:29:01 PM

WTF, Nasdaq moved from -3.6 to +1.8 in less than 3 hours.

1/23/2008 3:53:27 PM

^ My point exactly. I went from very red to slightly green.

Not that I'm complaining.

1/23/2008 3:54:58 PM

I was away from my computer for an hour and almost crapped my pants when I saw the Dow.

1/23/2008 4:01:34 PM

mass psychology and crowd reactions

1/23/2008 4:14:09 PM

Do you really think that the stock market is ever anything more than that?

1/23/2008 4:18:37 PM

NYSE=Snow possibility in Raleigh=Mass panic with little or no basis

1/23/2008 4:47:22 PM

all markets are based on poo

1/23/2008 5:43:25 PM