So we've bounced along at 840. I think during other days like this, we'd have a slow steady retrace up (today maybe to the 855 range?) starting after lunch until 3ish, followed by a selloff then a plunge near the end with a couple of small bounces (maybe even into the finish) as people buy at what they think is the low.

1/14/2009 11:28:00 AM

anyone in corporate or treasury bonds? heard bernanke fared well on those or did npr say something about he had to do it so he wouldn't seem all over the place and to back himself up. anyways i looked into it and you can get decent return compared to the past on them

1/14/2009 12:45:38 PM

^^ I didn't buy a couple of hours ago because I'm waiting for the release of the Beige Book at 2pm (your time). I'm guessing that it isn't going to be news that's gonna drive the markets up.

1/14/2009 1:46:57 PM

Quote :

" GENERALLY WEAK CONDITIONS IN MANUFACTURING AND HOUSING, ECONOMIC CONDITIONS WEAKENED FURTHER IN LAST MONTH Wage pressures have remained largerly contained, layoffs continue in most districts, forecasts financial bonuses -20-30% Sizeable price discounting seen during holidays Seeing lending activity has fallen with tighter conditions; credit quality still a concern"

1/14/2009 2:03:43 PM

^ news to nobody. i guess that's why it didn't have much impact.


I added 17 shares to my position in Morningstar.

Plan on making a big jump back into SSO before the end of the day.

1/14/2009 2:58:58 PM

Looks like it might have started it's afternoon nose over. Maybe it's a blip and it moves back into the lower 840s range, but it sure started moving quicker than it has in the past hour or so.

1/14/2009 3:04:44 PM

yeah, that little run-up had me nervous for a minute.

1/14/2009 3:08:34 PM

I'm feelin if it cracks 837 (the intraday low) it might start running. The last low before that was 816, then the Nov 20 lows. So, maybe it doesn't really start south at 837, maybe that happens as we approach 816. If you want to buy SSO near here, why not just roll in 25% or so now. If the move is clearly up, you can roll the rest in. If the move is down, roll another 25 or 50% in.

1/14/2009 3:18:32 PM

wheeeeee!

here it goes!



I'm about to just buy a ton of SSO and go to sleep...gotta be up in 2.5 hours (slept for a few hours already).

^ yep, that's why i'm hesitant...but i can't stay up much longer, and you never know when the internet will be down for an hour or a day or two out here. i'm about to just go all in and hope for the best. i'm reasonably comfortable that nothing is likely to happen worse than simply having to wait to flip the profit.

[Edited on January 14, 2009 at 3:21 PM. Reason : asdf]

[Edited on January 14, 2009 at 3:22 PM. Reason : shit, it didn't quite break it]

1/14/2009 3:18:59 PM

OK, I'm done for the night. Way past bedtime for me.

585 shares SSO @ $22.90.

1/14/2009 3:28:45 PM

Steve Jobs taking a leave of absence until June. AAPL PWNT

1/14/2009 6:47:45 PM

600 shares of FAS at $15.50

hope I didn't pull the trigger too soon

1/14/2009 9:09:07 PM

I really hope the market at least holds position today, another huge down day and god only knows where we will stop

1/15/2009 9:09:02 AM

We might have a few legs up into the 20th, but I think any gains we have between now and then we'll be undone rather quickly after that.

1/15/2009 9:29:43 AM

Id just like 3 or 4 of my stocks to get back up to prices they were like 2 weeks ago when I was an idiot and didnt sell before the market takes another dump, that would free up nearly half my cash to hold until things have settled again. A guy can hope cant he haha

1/15/2009 9:42:14 AM

BAC going off the deep end this morning setting new lows

1/15/2009 9:55:22 AM

BAC at $8

1/15/2009 10:14:52 AM

Hasnt trade at 8 since 1991

1/15/2009 10:18:45 AM

SKF would have been a great buy about a week ago

What news is pulling BAC down? (i didn't look)

Quote :

"Steve Jobs taking a leave of absence until June. AAPL PWNT"

Very true statement.

What makes this bad is that Steve has not developed a strong management
team or successor.

Apple can continue for a while and follow his game plan, but this is bad
for investors

1/15/2009 10:19:00 AM

so below 8k again?

1/15/2009 10:21:08 AM

Quote :

"What news is pulling BAC down? (i didn't look) "

Not enough funds to absorb Merrill and Countrywide. Going back for more TARP money.

1/15/2009 10:31:42 AM

i'm getting into FAS here soon.

1/15/2009 10:44:25 AM

+wfcbi

1/15/2009 11:31:56 AM

picked up some more FAS at $12.50

if this aint the bottom, God help us.

1/15/2009 1:50:47 PM

missed the boat on FAS

however, C does report tomorrow

[Edited on January 15, 2009 at 2:11 PM. Reason : ]

1/15/2009 2:10:06 PM

Alerts
• SELL 50 FAS @ $14.21 Completed
• BUY 50 FAS @ $12.16 Completed

I was going to roll into FAS thinking there was some more downside to come, figured I'd go ahead and book the small gain since it moved so much today.

1/15/2009 2:16:02 PM

Quote :

"600 shares of FAS at $15.50 hope I didn't pull the trigger too soon"

ahahahahahahaha, you stupid bastard

(i got in at $15.48, so i can talk shit. )

1/15/2009 2:16:17 PM

-wfcbi (+25%)

1/15/2009 2:19:38 PM

Wow wtf happened i went to lunch and was down huge just checked and Im in the green for the day lol

1/15/2009 2:25:49 PM

[Edited on January 15, 2009 at 2:43 PM. Reason : i need to read more]

1/15/2009 2:42:13 PM

WTF DJI?!?!

1/15/2009 2:47:43 PM

i put 4k into a roth ira in 2008. how much can i put in today to max out my roth ira? i put $0 in 2007 and before.

$5k?

[Edited on January 15, 2009 at 3:09 PM. Reason : ]

1/15/2009 3:07:34 PM

you should be able to put up to $1500 (I think, it may be more) towards last years contribution


so whatever your limit is plus whatever you can put towards last years contribution



[Edited on January 15, 2009 at 3:40 PM. Reason : r]

1/15/2009 3:40:24 PM

just sent in check to TDA for $1k for 2008 to max that out. now i'll do a 2009 electronic transfer for the full $5k. yay!

1/15/2009 3:46:38 PM

What if you wanted to get into oil, specifically, you think crude is going to be higher in 6 months, and much higher in 12-18 months, and you were willing to sit and watch through these turbulent times while it waves from $35-$48, is there an index that tracks crude directly with the cost of oil per barrel? oh and major to any financials reporting, including C. I think BOA cut thousands of job last Friday didn't they?

1/15/2009 4:19:06 PM

i'd say get in erx (http://finance.google.com/finance?q=erx).

Quote :

"The investment seeks to replicate, net of expenses, 300% of the daily performance of the Russell 1000 Energy Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified."

maybe try uso (http://finance.google.com/finance?q=NYSE%3AUSO)



[Edited on January 15, 2009 at 4:28 PM. Reason : erx = energy, uso = oil]

1/15/2009 4:25:19 PM

Where do you guys get all this info? I'm looking to do some more active investing, but I'm not sure where to start following things.

1/15/2009 5:01:43 PM

seekingalpha.com is a pretty good site for trading.

I'd be careful on USO there is a lot of contango in that right now basically meaning oil has to go up a good bit just for you to break even.

1/15/2009 5:34:57 PM

Well, I'll be damned. I'd been scared to update my spreadsheet this week, but it's just set me back to where I was about a month ago as far as loss/gain.

1/15/2009 5:45:57 PM

Circuit City to liquidate remaining U.S. stores

http://www.msnbc.msn.com/id/28691963/

Quote :

"Circuit City Stores Inc., the nation’s second-biggest consumer electronics retailer, reached an agreement with liquidators on Friday to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal. The company, which employs more than 30,000 employees, said in court papers it has appointed Great American Group LLC, Hudson Capital Partners LLC, SB Capital Group LLC and Tiger Capital Group LLC as liquidators. The move, first reported by CNBC Friday morning, puts the employees’ jobs in jeopardy, the financial news channel said. Calls to the Richmond, Va.-based company and the liquidators were not immediately returned to the Associated Press. Circuit City filed for Chapter 11 bankruptcy protection in November as vendors started to restrict the flow of merchandise ahead of the busy holiday shopping season. It had been exploring strategic alternatives since May, when it opened its books to Blockbuster Inc. The Dallas-based movie-rental chain made a takeover bid of more than $1 billion with plans to create a 9,300-store chain to sell electronic gadgets and rent movies and games. Blockbuster withdrew the bid in July because of market conditions. Circuit City, which said it had $3.4 billion in assets and $2.32 billion in liabilities as of Aug. 31, said in its initial filings that it planned to emerge from court protection in the first half of this year. Under court protection, Circuit City has broken 150 leases at locations where it no longer operates stores. The company already closed 155 stores in the U.S. in November and December. U.S. Bankruptcy Judge Kevin Huennekens had given the company permission to liquidate if a buyout was not achieved. The retailer said Friday it does not anticipate any value will remain from the bankruptcy estate for the holders of its common equity, and added that it will provide more details soon about plans for liquidation of its stores, other assets, and the status of its Canadian operations."

1/16/2009 11:42:28 AM

Culling of the herd.

Let me know if they have any killer deals.

1/16/2009 11:50:10 AM

Anyone use TradeStation? I'm currently with Scottrade and I can't think of any good reason to not switch.

1/16/2009 6:27:22 PM

seems like you save a penny if you trade 30 time a month....

1/16/2009 7:07:44 PM

I think you missed some commission options. For small # of share traders (like myself) you can choose to pay .01 per share, or $1 per 100 shares. This kinda crushes scottrade, which is charging me $7.99 whether I move 50, 100, 200, 300 shares on up. If I were dabbling in penny and cheap stocks and moving lots of them, a flat fee commission structure would work better, but I find myself making 100 share trades on stocks anywhere from the $5-40 range, so TradeStation seems to be nicer. I think I'll keep my scottrade account open with a small amount to trade the penny stocks (I do have a 75k share position with a sub penny stock at the moment).

1/17/2009 1:17:30 AM

Quote :

"75k share position with a sub penny stock "

1/17/2009 7:49:10 AM

Quote :

"TradeStation seems to be nicer"

Yea, but you pay $100/month in fees unless you trade 5000 shares a month or have a $1M balance.

1/17/2009 8:03:00 AM

I see that now, it's a little bit buried.

1/17/2009 10:34:14 PM

LoL
that woulda sucked

1/18/2009 4:19:05 AM

Blah market isnt open today and I dont have off work, nothing to entertain me this morning.

1/19/2009 8:36:57 AM

porn?

1/19/2009 9:30:14 AM