I also stated that S&P is hitting a key point which could mean a continuation of the rally or a reversal
It is up in the air at this point
long term would not mean 1 week though

either way after i have started I will reveal my source, or i may even charge for it since y'all are being ungreatful

9/22/2009 3:21:12 PM

Hell, while we're at it, lets just see how you've done lately

Quote :

"why is wamu going down? i was thinking of getting in around $2"

Quote :

"that sounds pretty bad, i'll check into it but i guess putting some cash down at $0.50 or so wouldnt be such a bad bet 9/10/2008 8:00:35 PM"

How did that one work out?

Thoughts on the markets for the Monday after the Lehman news

Quote :

"it will be dark but not as bad as you may think with lehman's bankrupcy there are some buyouts so that is mixed news 9/14/2008 10:14:27 PM"

Quote :

"actually i just placed a trade for lehmq at 0.20 just waiting for someone to sell it to me 9/26/2008 12:03:19 PM"

Hey, if you held your stock for a year, you could have gotten out at even or a small profit in recent days. gg you!

Quote :

"wamuq is a great pick right now 10/1/2008 10:59:16 PM"

Damn, got us again. If we'd only jumped in when you called it then we could have gotten out a year later and missed the run up with all that capital we deployed. Dern.

Quote :

"if yall are not buying WAMUQ yall r dumb its going to skyrocket 10/3/2008 12:30:45 PM"

Don't need to add anything else to this.

Quote :

"I hope to start 2009 with a big bang, i hold IDMPQ stock it should be getting bought out today or the next few days $$$$$$ 12/31/2008 5:31:59 PM"

Given your comment from 12/30, my guess is you bought this right at the top and would be down 75% today, including the 24% pop from the HFTs chasing this dreck.

Quote :

"I bought FNM - fannie MEa at 0.40 last week, its on a nice ride hoping it will get to $2 or $3 by the end of the month"

Hey hey hey. You finally gambled right for a change - along with everyone else throwing darts at the market around the March lows.

Quote :

"FAZ near 17.00 im looking to jump in mid day. 4/2/2009 9:18:25 AM"

Fail.



Anyway, I got tired of searching for your fails, but not before I found this

Quote :

"open a scottrade margin account, they are the best once you open deposit money and you'll be trading DNDN in the same day, in one hour if you wish and when you deposit money they will take it out of your account tomorrow currently i have $4600 invested which is roughtly $3400 cash, $1000 margin you can open an account today and trade today"

You simply can't move in and out of securities 10-20 times a day without 25k in your account.


The bullshit meter is pegged. You're a fraud. Umm, get the fuck out?

9/22/2009 3:35:32 PM

Did you forget this post

Quote :

"im out of the market for long time having too much bad luck 6/30/2009 11:59:34 AM"

So you attribute your losses to bad luck? And barely 2 months later you are trading with a 100k account?

9/22/2009 3:45:11 PM

What the hell,
first of all i've only been a professional trader for 3 months,
everything before then was merely wild speculation and i was investing a small amount of money

if you wanna test my stock picking skill i'll be more than happy to demonstrate them to you
but obviously you dont realize that with time and research your choice of stocks may change
not all will be right, its about minimizing losses, and maximizing gains

but really i'd rather just make $$$ than prove myself on this site


^a lot of people have been shorting this rally and has killed them, i unfortunately did that for a while, then re-evaluated my strategy and have been doing great ever since, but thanks for your concern

[Edited on September 22, 2009 at 3:47 PM. Reason : .]

9/22/2009 3:46:20 PM

Quote :

"You simply can't move in and out of securities 10-20 times a day without 25k in your account. "

wow, dont make yourself look stupid, what does what i have posted on that day have anything to do with right now.
nothing!!
think before you type.

9/22/2009 3:49:19 PM

If it walks like a duck, quacks like a duck, and shits like a duck, it's likely a duck.

Everything I posted points to you being a gambler without a damn clue about what you are doing.

In all of the 2008 and 2009 thread, I found like 2-3 picks where you were a clear winner, and I think 2 of those were calls at the March lows. Many you would have been stopped out with losses had you set them, and others you were just retarded.

As recently as June 30th you said you were out of the market because of bad luck. That doesn't sound like a "trader" at all. It sounds like someone with an addiction and no clue.

Maybe you've had some sort of miraculous rebirth and you really do know whats going on, but I find that fairly hard to believe.

Is it reasonable for someone going on as little information as you are giving to assume given your track record in the past was that abysmal and your trading account was that small that you are now trading with an account larger than 25k and you aren't blowing it left and right? No, that isn't reasonable at all.


What is reasonable to assume is that you are lying or trolling...absent any shred of evidence otherwise.

Quote :

"but really i'd rather just make $$$ than prove myself on this site"

Spoken like a true troll. It isn't hard to post even a snapshot of an account statement. You can smudge the dollar amounts if you like. I'd just like to get a taste of this stellar stock picking you're doing.


I'm not trying to be a dick here. If you really are about to embark on a career as a pro trader and are doing a good job of it, I'll be happy for you and perhaps a little jealous. But there is really nothing in a year worth of stock threads that points to this being at all likely. You started out with paper money and dabbled in penny stocks. You then tried to hop on every recent bank failure bandwagon claiming they'd be huge winners eventually. You got a couple stocks right at the lows, found a nut with DNDN (apparently, I didn't follow all those posts to see how well you did), then had fail after fail and proclaimed you were done trading.

Clearly, it makes sense that you are now a pro trader with 100k in investor backing. Clearly.

[Edited on September 22, 2009 at 4:11 PM. Reason : .]

9/22/2009 3:55:46 PM

guys,

im at a hotel in Times Square

should i go stand outside where they film Fast Money with a sign that says:

"Hey Pete, Imma let you finish, but Jon is the best trader ever"

9/22/2009 4:57:30 PM

Put up CNBC $ux.

9/22/2009 4:59:33 PM

what did the Vietnamese broker say to her client?

"me love you long term"

9/22/2009 5:14:24 PM

Hey, i posted an "options trading" thread about 1/3 way down the page with a bunch of questions. anybody care to enlighten me?

9/22/2009 5:33:38 PM

Eh?

[Edited on September 22, 2009 at 5:35 PM. Reason : oh, in The Lounge]

9/22/2009 5:34:51 PM

Good day today, got a nice move from my coal stock and I must say it feels nice to finally actually be making money after stomaching the past year. I was looking at a 66% loss or so around march and am now sitting at about a 7% gain overall. It definitely sucked to feel like all my money was gone so quickly but it damn sure taught me a lot. You can paper trade all you want to but until your money is on the line you dont really learn, at least in my case. Hopefully now that I have a fresh start or so it feels and over a years worth of knowledge to work with I am hoping to somehow navigate these muddy waters ahead a little better

9/22/2009 11:17:43 PM

ok you want me to prove my stock picks?
then each day at 4pm i will post what i had bought that morning

9/23/2009 4:26:54 PM

picked up some FAZ OCT 19s yesterday for $1.90. sold them this afternoon for $2.50. first good trade in a while lol.

9/23/2009 4:42:50 PM

How about you post that morning what you bought that morning.

9/23/2009 6:10:20 PM

Nearly doubled my money with AIG so far. Last was a buy at 37 and a sell at 49.

9/23/2009 6:49:05 PM

^^thats only for subsribers

9/23/2009 7:23:25 PM

Quote :

"We have passed the 38.2% fibonacci retracement and are headed to 1120 if you look at 2007 high to 2009 low but if you look at 99 high to 2002 low we are hitting 38.2 retracement right at 1068 so this is a key place but if it breaks through we got more rally to see 9/16/2009 11:38:59 PM"

Ladies and Gentlemen, get in a single file line, have you credit cards ready to subsribe to lafta's daily stock market forecast.
YEAAAAAH

9/24/2009 10:41:31 AM

picked up FAZ OCT 20 PUTS @ $1.20

9/24/2009 2:21:33 PM

Rimm

9/24/2009 4:09:53 PM

RIMM had a 9 figure lawsuit settlement this quarter that they had to pay which killed their revenue this quarter and of course the pundits are shouting armageddon over the numbers strictly, didn't hear a word about the lawsuit from the usual media suspects. Took them from over a dollar to .83, healthy pullback if you ask me, to me it'll be a great buy tomorrow morning for a 3-6 month play.

9/24/2009 5:49:22 PM

The lawsuit alone didn't kill their quarter. You can't expect the pundits to always get this right, especially if those pundits you are talking about is CNBC. They often see top line and bottom line numbers seconds before they start running their mouths. Retail investors aren't trading after hours anyway, so you can believe institutional investors read all the details and acted accordingly.

Even if you put the payout back into the earnings, they made 1.03 this quarter per 1.12 last quarter. This isn't good. They also had guidance going forward that is lower than analyst were expecting. The lawsuit settlement was baked into the current price. The miss otherwise and the lowered guidance certainly was not.

It's pretty hard to say if the stock will snap back. Suffice to say I wouldn't be so eager to jump in right away in a market everyone expects to correct on a stock that just reported an earnings and guidance miss.

9/24/2009 7:06:51 PM

Looks like the correction is happening.

9/25/2009 4:09:54 PM

it's tried to happen a couple times the last few months. let's see how things are next friday. or more likely, the friday after that

9/25/2009 4:31:37 PM

9/25/2009 4:42:10 PM

Just FYI, evidently you can now download Mad Money with Jim Cramer from iTunes.

You know, for those of you who don't have time to sit down for tv but still want horrendous investment advice.

9/25/2009 6:38:36 PM

interesting start to the week

9/28/2009 11:05:40 AM

A lot of blogs I follow think that we'll see one fierce push higher, maybe lasting as much as Dow 10000, S&P 1100, followed by some fairly nasty dropping with the S&P getting back to a more realistic range around 900.

9/28/2009 11:32:43 AM

what do you guys think of GE?

9/28/2009 11:48:43 AM

Quote :

"You know, for those of you who don't have time to sit down for tv but still want horrendous investment advice."

wait are you saying you can't be diversified with 5 common stocks?

9/28/2009 4:57:05 PM

for those looking to trade someone else's money here are two sources
http://www.inthemoneystocks.com/trade_the_itms_fund.php
or http://www.cygrouponline.com

9/29/2009 8:56:39 AM

sold faz puts for $1.35

added aapl calls @ $0.91

[Edited on September 29, 2009 at 12:52 PM. Reason : aapl oct 200 = $0.91]

9/29/2009 12:51:39 PM

Has anyone tried Motley Fool Stock Advisor?

9/30/2009 2:52:32 PM

yeah, i've had it for a couple of years

i'll probably let it expire next time my subscription runs out, because (A) i'm so busy at the moment that I don't have as much time to devote to investing, and (B) the subscription is rather expensive...I'll probably come back to it when I get up to, say, the 6-figure mark in my stock portfolio, but for the time being, I'm not sure that it isn't effectively too high of an expense ratio.




anyway, BIG drop in the markets today.

10/1/2009 1:48:38 PM

How was their advice?

Yeah, today was ugly. I'd been expecting it for a while, but it's still no fun to take a hit.

10/1/2009 4:13:19 PM

picked up 1000 shares of ETFC at 1.61 hoping for a small bounce tomorrow.

10/1/2009 4:16:27 PM

You're really on this e-trade thing lately? What's up with them, they were a $26 stock not too far back, what happened?

[Edited on October 1, 2009 at 5:33 PM. Reason : .]

10/1/2009 5:32:44 PM

So half the experts are loading up, the other half are dumping, so I'm guessing consolidation for the next 5-7 trading days. WHat time does the Jobs data come out tomorrow, that'll move the market triple digits on it's own.

10/1/2009 6:39:15 PM

http://biz.yahoo.com/c/e.html

10/1/2009 6:52:05 PM

I think we might see a heavily massaged (ie, seasonal and birth/death adjusted) NFP number tomorrow. If that happens, it should give the bears among us reason to rejoice as we'll see a nice spike off that news, probably worth a good 100 or so on the Dow. I'll be entering fairly heavy call positions in the inverse ETFs as I suspect we'll finish the day down and next week will just be brutal.

10/1/2009 11:51:28 PM

Tomorrow is really hard to judge because we have had several down days so far
so we may get a sell off early and bounce if the news is bad
but everyone expects it to be bad so i would assume the sell off is not as bad

we may drop to the 1020 based on the trend line going back to march

[Edited on October 2, 2009 at 12:01 AM. Reason : .]

10/2/2009 12:00:24 AM

It looks like they ran out of seasonal adjustments and games to be played with the NFP. Isn't it interesting how that happened in a week where GS started downgrading and questions stocks and sectors all over the place?

10/2/2009 9:11:38 AM

I feel like stocks will rocket after earnings come out... companies are pretty lean and it's been a good quarter. Long run I still think we're poised for terrible growth in most sectors and if the dollar does bounce look out, we could be in for another massive selloff in domestic equities.

I'm having an unbelievable year riding AAPL, china, asia, gold, and leveraged long domestically. The only regrets I've had were moving into natural gas and corporate bonds way too early in mid-summer.

10/4/2009 6:07:09 PM

Apple's the type of stock everybody has been waiting on a serious pullback the last 3 months because most companies need to pull back in order to accelerate. Apple is one of the companies that doesn't, especially when they blow through the roof on earnings in two weeks. Even though they've doubled since the bottom, I still think I'll be kicking myself in 12 months for not getting in at the 180 level when it's sitting at 240.

10/4/2009 10:03:59 PM

Officially joining in on the action here.

Heres my recent activity:
Purchases: BRF, RFMD, PEP, GS
Shorts: TM, MAR


flame away

10/5/2009 1:11:52 AM

GS? i would be careful going long this week, i think we may rally monday, teusday but the rug can get pulled from under us anytime this week

10/5/2009 9:26:37 AM

GS just upgraded their outlook on the financial sector this morning. I just saw it on wsj.com front page.

10/5/2009 10:27:21 AM

Yeah it has been a nice play for the day, would watch it closely though

10/5/2009 12:31:15 PM

I keep coming across DAR lately. It's the largest animal waste rendering company in the US and is about to move into biofuels with help from Honeywell. Has anyone else played with it?

I may sell some puts a few months out and try to make some money on the volatility.

10/5/2009 1:17:44 PM

buying EDC on dips is still working

10/5/2009 5:38:47 PM