Hmm it's very tempting to sell. I shall contemplate this...I might even wait until tomorrow.

10/9/2006 3:14:54 PM

holy crap thats a lot of $:

http://www.marketwatch.com/news/story/Story.aspx?guid=%7BC21B8547%2D5F20%2D408D%2DB60C%2D691FA5C0BD66%7D&siteid=

i'll have a look if/when it makes it to the US via an ADR

10/9/2006 4:12:17 PM

I decided to hold Google until at least tomorrow. On that note, they just announced that they're buying YouTube for $1.65b.
http://biz.yahoo.com/cnnm/061009/100906_googleyoutube_deal.html?.v=1

So that makes me either:
A. genius for holding on if the stock skyrockets
B. idiot for holding on if the stock plumments


...I'm hoping A, LOL.

10/9/2006 4:37:48 PM

Yeah, say hold back just a little before plunging into GooTube

10/9/2006 4:42:35 PM

I'm wary of YouTube being sold for 1.65 Billion

I mean really, what kind of income production is it gathering as of yet? Do we see it really paying off to be part of google?

I'm been wrong about things like this before, but this just smells a lot like the pre-bubble tech aquisitions from the old days...

10/9/2006 4:44:44 PM

Goog up almost $3 in after-hours. Don't want to speak too soon but it looks like A might be the right answer.
I believe if it goes up a good deal tomorrow I'll sell. Thanks for all the input guys!

10/9/2006 4:49:29 PM

$3 is not a lot on a $400+ stock

i'm don't know whether it will go p or not...

10/10/2006 12:28:31 AM

Some commentary

http://internet.seekingalpha.com/article/18135

10/10/2006 12:34:58 AM

Quote :

"$3 is not a lot on a $400+ stock"

I'll take every little bit I can get.

10/10/2006 12:59:53 AM

the street is seeing this as a "strategic positive". i guess in makes sense in terms of game theory.

http://www.marketwatch.com/news/story/Story.aspx?guid=%7B101771BF%2DDDDB%2D4420%2DAB44%2D2AEB9005A63F%7D&siteid=

10/10/2006 11:07:57 AM

here's a good example of how i fucked up.

I had a stop loss on TRID at $22 that i set when it hit $25 a few weeks ago, thinking that a $3 swing would be enough to account for the stock's inherent volatility. Well, it bottomed out last week at just a hair under $22, triggering my stop. I got stopped out, and now it's closing in on $25 again.

normally, I follow the 8% rule, of setting a trailing stop of 8%, but for whatever reason, I didn't abide by it this time, and it bit me in the ass.

I used it as an opportunity to buy STX, which has since dropped off some, getting pulled down by MRVL's negative release. I feel that it'll bounce back and move up with digital entertainment driving massive storage demand. Youtube movies sit on servers with hard drives. iTunes require servers. It is noteworthy that EMC raised sales guidance – again, more hard drives. Then there is the DVR growth. Data storage demand is mushrooming, and STX is the biggest player.

although right now, I wish i bought TIE when I got stopped out of TRID. It's up 20% in the last week and a half.

10/10/2006 11:21:15 AM

fibonacci 62% point ftw

10/10/2006 11:39:43 AM

Never heard of that before. 10 second summary?

10/10/2006 11:41:10 AM

Sorry, it's just some bull jive I'm regurgitating from a day trade blog I read occasionally where he was talking about setting his stops to allow for volatility so that he doesn't get stopped out.

I'll dig it up if I can figure out which one it was.

10/10/2006 11:46:18 AM

Some of us in the business prefer to use around 30% of the gain. So if the stock ran up 15 points, we'd trail it back around 4 or 5 bucks.

Anything using fibonacci's number sounds like BS

10/10/2006 12:09:24 PM

Yea, and there aren't a lot of other obtuse real life applications of seemingly unrelated mathematical observations.

First link, I didn't look for a more in depth description which definitely exists out there if you are so inclined to not be ignorant.
http://daytrading.about.com/cs/charts/a/fibonacci.htm

And make no mistake, tons and tons of day traders are aware of this. In fact, the more I read these guys blogs, the more the day trading game feels like a self fulfilling prophecy. A few smarter folks make observations about random shifts and moves in stocks, blog about it, then everyone else in the game starts trading against these random events making them true.

I'll give you an example of comments in some of these blogs that makes you realize that the day trading world isn't really rational and is being "gamed" more than anything

Quote :

"As 2 PM approached I was alert for a lullipop, a lull in volume, and then a ramp. Big reversal moves often happen at 2 PM."

Why 2pm? That's not rational in the classical sense that the stock market is meant to tap the capital markest so companies can grow, etc.

10/10/2006 12:20:03 PM

There is absolutely no doubt about it that there is an element of self-fulfilling prophecy in investing.

When I was contemplating a PhD in finance, I was going to research the SFP that Cramer gets from touting a stock and see how much of his investment returns can be duplicated after subtracting out the bump it gets just because he talked about it.

Same thing for Buffett, he sells a stock or buys one and everyone jumps on the bandwagon. I'm not saying the guy isn't a genius, but its easy to look like one now because he buys it and people drive it up to be on the same ship as he is.

I have clients that want to sell things just because Buffett did it.

10/10/2006 2:28:20 PM

I can't blame them. Remember what happened to the last guy that bet against Buffett?

10/10/2006 2:29:20 PM

Someone take him out back and break his knees?

10/10/2006 6:04:24 PM

Quote :

"fibonacci 62% point ftw"

chartism

10/10/2006 9:56:25 PM

Looks like AKAM is bouncing back... up 4% today
STX seems to have leveled off too, hopefully it will also take off
TRID got upgraded and is moving (still pissed about getting stopped out)

and commodities are looking up once again.. over the last 5 days
JOYG up 10%
TIE up 10% (kicking myself for not buying this last week as well)
ESV up 4%

10/11/2006 12:02:49 PM

What kind of percentages up are you folks on the year?

10/11/2006 12:31:44 PM

401K is at 9.7% YTD

10/11/2006 1:42:44 PM

And you're doing all the trading out of that yourself, right?

10/11/2006 3:18:31 PM

I'm not sure what you mean. Are you familiar with 401ks?

10/11/2006 3:28:37 PM

Mine is pretty flat this year, but last year I did 30% in my brokerage. Of course I was making some crazy bets that just happened to work out.

10/11/2006 3:52:02 PM

Yes, but I don't manage my own 401k. What I meant to say, was that 9.7% how much you are up executing all the trading yourself, or is that how much yours is up and someone else is managing it?

10/11/2006 3:58:21 PM

I chose the mutual funds myself, but there is someone managing the mutual funds.

10/11/2006 4:00:18 PM

for the year i'm probably net up about 12%...rough estimate

10/11/2006 4:58:26 PM

interesting:

http://www.cbsmarketwatch.com/News/Story/Story.aspx?column=Chuck+Jaffe&siteid=

10/11/2006 5:09:07 PM

not bad for investing in the stock market for less than one month

[Edited on October 11, 2006 at 9:08 PM. Reason : ]

10/11/2006 9:07:53 PM

Yeah, the last two months were good for me too. I checked my 401K after 5 months and it was a few points negative, and now after 6 and change its close to 10%.

10/11/2006 10:10:01 PM

stay humble

stay hungry

10/11/2006 10:13:24 PM

Just another thirty some years....

10/11/2006 10:24:07 PM

and the hits just keep on coming

http://tinyurl.com/ofraj




[Edited on October 12, 2006 at 12:26 AM. Reason : tinyurl]

10/12/2006 12:26:03 AM

B of A to offer free trades:
http://www.thestreet.com/newsanalysis/wallstreet/10314298.html

It's about time... the average commission for trading stocks for customers at retail brokers is rapidly going to fall towards zero. We have already seen some new brokers offering this (zecco.com), now a major institution is providing free trades.

Keep in mind that these firms are still making lots of money off our trades. BofA and other brokerages will not execute our trades themselves but simply ship it out to other firms be compensated with "payment for order flow". The average retail order will earn BofA approximately $8.60 in "payment for order flow". So these brokerages are still earning tons of money off us investors.

10/12/2006 9:29:57 AM

Too bad my BoA account doesn't have $25k in it, lol.
Market is looking good today...

10/12/2006 3:27:32 PM

http://tinyurl.com/ye9rfu

another day another dollar record

10/12/2006 3:52:05 PM

anyone else get just a little bit nervous when the nasdaq goes up 1.7% in a day.....when there isn't that great of economic news?

10/12/2006 3:58:25 PM

Yes and no
It generally makes me very nervous, but I think people are starting to agree that we got a soft landing coming and now they're giving these stocks more normal multiples.

I wouldn't say we can't have a misfire and end up hurting, but I think we're still at relatively safe levels. I wouldn't want it to do it this fast though.

My opinion, some of this upswing could be do to a short squeeze.

10/12/2006 4:09:34 PM

its like a roller coaster that goes up and up - and then one SINGLE slow down or TEMPORARY mishap in the economy will send it over the edge......I guess it makes me nervous because towards the beginning of the year from November to May the DOW/NASDAQ were up huge, and then knocked out the entire years gains in a matter of days

10/12/2006 5:55:26 PM

Azn markets on fire again

see cbsmarketwatch.com

10/13/2006 12:32:42 AM

4.5% in four months. I suppose that's not bad with little to no work put in. I should have just bought AAPL instead of doing this diversify shit.

401k is up 10% in a year, other is up 5.5%. Not a bad year for investments, I guess

[Edited on October 13, 2006 at 1:17 AM. Reason : sdf]

10/13/2006 1:09:29 AM

It begins

http://business.guardian.co.uk/story/0,,1921154,00.html

10/13/2006 1:45:30 PM

ok, so how do you think the election next month affects what we should be doing investment-wise?

hard for me to say, because it looks to me like it's anybody's guess who's going to controll Congress after the election.

is there anything that you're buying right now because you think it's being unfairly depressed in anticipation of the election? putting any extra money in your brokerage account in anticipation of getting some good buying opportunities due to overcorrection following the election?

10/13/2006 9:52:37 PM

if the bond market was tangible it'd be in the bottom of the ocean covered in cement.

10/15/2006 12:57:01 PM

Quote :

" not bad for investing in the stock market for less than one month [Edited on October 11, 2006 at 9:08 PM. Reason : ]"

Good going, jnpaul, how do you like the format of the site?

[Edited on October 15, 2006 at 4:05 PM. Reason : I lost 2% last week, so I'm at 0.35% right now...]

10/15/2006 4:05:10 PM

I can't comment on this, but apparently Cisco owns the patent for triple play, which could have significant implications.

http://www.lightreading.com/document.asp?doc_id=103418

10/16/2006 11:10:21 AM

Several different blogs were snarking on them about it, too.

10/16/2006 11:25:06 AM

that is amazing news for cisco - why is this news coming out so late though

10/16/2006 11:27:55 AM