page forty

10/8/2009 9:09:31 AM

slxp - shorted this since 23.45, looks like it is way over valued

10/8/2009 4:11:31 PM

I already have open positions in JBHT, T, and MSFT but I went ahead and sold some Nov puts on them.

10/9/2009 3:41:40 PM

This might not belong, but taking a shot. What's this thread's stance on Kiyosaki's - Rich Dad Poor Dad?

10/9/2009 9:15:41 PM

I thought it was overrated.

10/9/2009 9:17:07 PM

It's been recommended it to me by a few people who's opinions I respect. I fool myself into thinking I'll eventually figure out how to manage my money, but the truth is about 2 years ago now I easily pissed away ~45k in about 10 months. I'm like 70 pages in, but the skeptic in me has stumbled upon a few google searched criticisms. Just curious...

10/9/2009 9:20:55 PM

Well maybe if you need that much help if could be useful.

10/10/2009 1:23:02 PM

I think Kiyosaki is an idiot. Read his comments on yahoo, he's been exposed as a liar on the premise of the rich dad... he pumps things that have gotten crushed like real estate and then goes back and says he made a shit load...

anyway, bought $5k of Blackrock Latin America on Wednesday. Beta play

10/12/2009 12:30:07 AM

Rich Dad, Poor Dad is good if you need someone to cheerlead you into not being a dumbass with your money. Once you're to that point, it offers fairly little in terms of actual instruction. That isn't really the scope of the book.

Also, it's very heavy into making money via income producing properties, which isn't something that is easy to just jump into if you don't already have some money to work with.

10/12/2009 1:04:27 AM

You know who else sucks? Dave Ramsey

10/12/2009 12:02:40 PM

Are there any stock trading services that offer an API?

10/12/2009 12:47:04 PM

DZZ in at 15.95

10/13/2009 1:05:22 PM

Quote :

"What's this thread's stance on Kiyosaki's - Rich Dad Poor Dad?"

all you need to know is here:

http://www.johntreed.com/Kiyosaki.html

10/13/2009 1:24:02 PM

do your own research, don't base your financial judgement on a book

10/14/2009 12:26:53 AM

Quote :

"Are there any stock trading services that offer an API?"

10/14/2009 1:06:33 PM

Quote :

"It's been recommended it to me by a few people who's opinions I respect. I fool myself into thinking I'll eventually figure out how to manage my money, but the truth is about 2 years ago now I easily pissed away ~45k in about 10 months. I'm like 70 pages in, but the skeptic in me has stumbled upon a few google searched criticisms. Just curious..."

Kiyosaki sucks.

Are you talking basic personal finance or are you talking about investing? If you want to read about Investing, I'd suggest reading some of the books out there on Warren Buffet and his investment style. If you're not wanting to be an enormous risk-taker...like me.... and just want slow & steady long term capital appreciation, he's the one to get tips from

Quote :

"You know who else sucks? Dave Ramsey"

This guy annoys me. Greatly.

[Edited on October 14, 2009 at 1:19 PM. Reason : ]

10/14/2009 1:18:49 PM

10/14/2009 1:45:07 PM

golf clap

10/14/2009 1:48:32 PM

i don't pay as much attention to the Dow anymore. i'm more about the S&P. we break out past 1120 and we keep going. if we go a bit lower and then 1080 become ressistance, we've got some trouble.

also, EDC has been $Texas for me this year. i started my relationship with it at $37.89. i kept getting out and back in at higher and higher levels.

10/14/2009 2:56:42 PM

Fuck. I looked at EDC when it was at $110 and decided to buy on the next dip.

THERE HAS BEEN NO DIP.

10/14/2009 3:01:48 PM

Anyone own or follow Javelin Pharmaceutical(JAV)?

ssjamind, this sounds like something up your alley.

My research so far tells me to buy immediately, if not sooner.

10/14/2009 3:26:05 PM

I sold WATG yesterday

10/14/2009 3:33:26 PM

^^ just saw this. to be safe, i don't think i will be able to comment on Javelin.

10/20/2009 11:32:26 AM

mmmmmmmm aapl

10/20/2009 1:15:26 PM

bought YHOO and CCJ because the Najarian brothers on CNBC said so.

bought more EDC -- been buying this one on dips since 37.89 (although i always end up taking gains too early)

...

also just bought a chunk of TYH



[Edited on October 20, 2009 at 3:59 PM. Reason : ..]

10/20/2009 3:53:43 PM

apple has gone nuts. wtf

10/20/2009 4:04:54 PM

^ They had earnings, some officer said something to the effect of "we can't keep up with the demand" I'm guessing in reference to iPHONE sales.

^ X8 We're on 1080 on the S&P currently.

Anyone here trade USO or any derivative of oil?


[Edited on October 22, 2009 at 10:57 AM. Reason : .]

10/22/2009 10:55:26 AM

I've played with options on USO, but I haven't touched it in a few months.

10/22/2009 3:13:23 PM

^ ERX

^^ we hold 1080/high 1070s and we're ok i think

10/22/2009 4:11:56 PM

^ Yeah, I've played with both, and now that I think about it I made a ton more off of ERX.

10/22/2009 4:29:58 PM

Any info on the Dole ipo?

10/22/2009 4:44:26 PM

got in MSFT at the beginning of the month cus i knew it would jump when win7 came out. it's up 15% for me. almost as good as the 18% i'm up with AAPL

10/23/2009 10:10:21 AM

picked up some EGO

10/23/2009 11:59:44 AM

bought some SRS April 2010 $17 calls at $0.85 yesterday morningish.

[Edited on October 27, 2009 at 10:43 PM. Reason : right month]

10/27/2009 10:40:14 PM

got kicked in the face by DTG today

10/27/2009 10:43:55 PM

I transferred a bunch of funds from another account to Scottrade several years ago. I closed out the old account, so how am I supposed to determine the cost basis when I sell these funds?

10/28/2009 3:19:18 PM

Wow, broke right through that 50 day MA

10/28/2009 4:17:40 PM

haev not been paying attention last few days - too busy

10/28/2009 5:01:45 PM

^^^ your previous accountholder may provide them if you ask but it's not their legal duty to track that sort of stuff the onus falls on the investor. Most of the time a best guess cost basis will suffice but that's a question for a tax advisor really... If they can get you the purchase dates then you can get the original purchase price on your own online easily and then check your tax returns for dividends to compile the cost basis...

I think we are in for a huge correction, i pulled 50% of my total portfolio out of the market today concentrating mostly on my leveraged positions and high beta plays like emerging markets, aapl, etc.

I'm smart enough not to buck the tide and assets do appear overpriced by a longshot. I know they get accused of talking their books but I think its unwise to ignore Jeremy Grantham and Bill Gross's advice.

[Edited on October 28, 2009 at 5:28 PM. Reason : a]

10/28/2009 5:21:42 PM

Yeah, my adviser pretty much said the same thing.

On an unrelated note wtf is a 401(a)?

10/29/2009 2:33:41 PM

401a's are Typically a pension but I don't know if its limited to pensions

10/29/2009 5:26:27 PM

1. be fearful when others are greedy
2. be greedy when others are fearful
3. above all, be careful

10/29/2009 6:08:17 PM

CNBC reporting CIT to file bankruptcy on Sunday

[Edited on October 30, 2009 at 9:26 AM. Reason : via http://twitter.com/zerohedge/status/5286720149]

10/30/2009 9:23:12 AM

^^ number 4 should be greatly reduce exposure when an asset bubble starts to burst

10/30/2009 12:54:20 PM

I wouldn't expect any financial planners to be telling there clients to double down by any stretch, and taking a bit off the table is never a bad thing, you don't lose by taking profits (or clients if your're a planner), ever, in any market. Better to be on the sideline's wishing you were playing than to be playing wishing you were on the sidelines.

That said, the Dow and S&P charts don't look so much like futility as one would think. Look at a 6 month chart, seems like this correction is just in normal wave activity. However, we are at the threshold, another 200 downer or a combination of two or three days netting 300 points down and then it'll be mass exodus I'm guessing. Of course if you have financials and energy, sure feels worse than a mere pullback. AAPL giving back everything pre earnings is also psychologically bad. Seems like people are realizing the numbers to beat for a lot of these companies were on JV level of Madden.

Huge week next week with something major announcing every day next week.

10/30/2009 5:15:56 PM

I'm thinking that Monday might be time to slab some cash down on the table, assuming the market doesn't immediately open significantly lower.

10/31/2009 2:28:34 AM

anybody still bullish on gold?

11/5/2009 10:10:18 AM

I'm still holding on to my natural resource fund.

11/5/2009 1:04:36 PM

bought 6k shares of ETFC @ $1.40 on tuesday.

11/5/2009 1:34:08 PM

Quote :

"anybody still bullish on gold? "

brown indians

11/5/2009 1:36:29 PM