damn, i shouldn't have cashed out of SRS yesterday

tickers to watch:

SRS
SKF
SZK
SIJ
SCC
EEV
QID
SSG

10/7/2008 5:42:35 PM

update time:

Quote :

"For the 12 months ending 10/07/2008 -44.37% "

pilgrimshoes pwnt. stay home.

10/7/2008 9:06:21 PM

shorted FSLR and went long TWM on monday.

10/7/2008 9:28:31 PM

V a good buy? so scared to buy anything

i'm thinking wait til it drops below IPO




bobby: -4.08 on SRS

[Edited on October 8, 2008 at 9:57 AM. Reason : ]

10/8/2008 9:51:45 AM

Dont worry it will do the typical, we will get some green action in the morning but by the end of the day be down like 300 points

10/8/2008 9:58:40 AM

Quote :

"so scared to buy anything"

10/8/2008 9:58:43 AM

The rate cut may not help much, but the report that home sales unexpectedly increased will hopefully inject a bit of confidence into some people

10/8/2008 10:08:54 AM

there's no way the DOW is closing green today... if it is staying around 100 pts right now, we'll def be in the red by this afternoon at least, that's how the trend has been in wally world lately.

10/8/2008 10:11:32 AM

I'm hoping the exchange rate drops again tomorroe so I can actually make some cash.

10/8/2008 10:17:40 AM

Here comes the red, that didnt take long

10/8/2008 10:22:39 AM

Picked up some RIMM today; may get more if it falls significantly again. Right now I think its grossly undervalued; merely a victim of the broader crash.

Looking to possible pick up some shares of a basic materials company. Right now FCX is on the type of my list.

10/8/2008 10:33:04 AM

probably gonna pick up some more BRK.B once it gets down w/in my buying range

10/8/2008 10:59:24 AM

Quote :

"wall street = rich ppl main street = average/poor ppl"

there are no poor people on main street.

wall street, main street, and skid row

back on topic...

we've dropped off about 50% in the past month. 33 of that this week. at this point i think most everyone would rather lose it all than sell it that short. i don't even pay attention until i see this thread.

10/8/2008 11:06:41 AM

Quote :

"probably gonna pick up some more BRK.B once it gets down w/in my buying range"

Yeah... it's got a long way to go before I can afford it.

Hell, shit keeps hitting the fan, I'll be able to afford Brk.A before long

10/8/2008 11:17:55 AM

$3,750 will be a sweet spot.

10/8/2008 11:35:37 AM

wonder if we will finish below 9,000 today

I think I would be able to retire for about a month at this point

[Edited on October 8, 2008 at 12:11 PM. Reason : dfg]

10/8/2008 12:10:36 PM

Iceland pwnt, Vikings stay home...


will S&P and gold will cross?

10/8/2008 12:34:15 PM

i want to buy GSK and more CSCO

may want to buy FTE too



still scared

10/8/2008 3:10:29 PM

knew it wouldn't hold up:

Dow
9,238.27 -208.84 (-2.21%)

10/8/2008 4:01:08 PM

so the shorting ban on financials ends tonight.

what do y'all think is going to happen tomorrow?

unrelated to the end of the shorting ban, I see 9000 as a psychological barrier and think we don't dip below in the immediate future.

10/8/2008 4:15:12 PM

i thought 10k was psychological

10/8/2008 4:17:10 PM

As did I, but for those who own AAPL you will be happy to know I just bought an Iphone lol

10/8/2008 5:17:10 PM

You have got to be crazy to go long anything in this market. Cash is king. Don't worry about missing a bottom.

With that said, we'll get a bounce soon, maybe tomorrow. After a day or two of that, we'll drop again. We're nowhere near a bottom now. We still don't understand what the fuck is going on with the CDSs that are floating around. The measures Paulson has taken will help but it'll be weeks before he even writes checks for bad mortgages. It'll be weeks before the direct loans to the businesses from the treasury will help.

If you're looking for something to do, buy TWM long. It's an inverse Russell 2000 ETF and a nice easy play.

I shorted FSLR because solar stocks had been outrageously priced (it's current p/e ratio is 46.2!!). People have started to realize they have these overpriced stocks in the solar and green industry and they are going to bail on them. And even more fundamentally, people and companies are going to stop spending money on solar panels which are expensive to begin with but provide a return several years down the road in an economy where they are struggling to pay the mortgage or to meet the quarterly goals. You buy solar panels with disposable income.

If there were a red bull stock I would short that shit in a second!

With all that said, those are just my reasonings and feelings on those two securities. Buy/Sell at your own risk.

[Edited on October 9, 2008 at 12:16 AM. Reason : .]

10/8/2008 11:48:23 PM

Its when everyone is saying you have to be crazy to be buying/long/exposed/etc in this market that I feel that its about time to start buying.

10/9/2008 10:42:28 AM

I sure hope that 9000 barrier holds because we are headed that way today

10/9/2008 10:49:48 AM

there's no such thing as a barrier. don't fool yourself.

10/9/2008 10:57:12 AM

IBM at $92, wow.

10/9/2008 12:42:03 PM

You should buy some.

10/9/2008 12:50:33 PM

i'll wait for $80



do you guys think we could REALLY get down to 8000 on the DOW?

[Edited on October 9, 2008 at 1:04 PM. Reason : ]

10/9/2008 12:58:27 PM

I would buy IBM if it gets in the low $70's or high $60s again. It didn't break $100 in the post 9/11 era until the mid part of 2007. It can certainly go a lot lower than the $90 range and it has done so in recent history. It's a big company with lots of long term investors...It moves slowly. I bet it's going to keep creeping down for quite a while to come.

[Edited on October 9, 2008 at 1:04 PM. Reason : l]

10/9/2008 1:03:48 PM

picked up some CSCO for $18 today, great buy right now

10/9/2008 1:39:34 PM

I just had some wisdom teef removed and am jacked up

What does that have to do with the markets you say?

I don't know

10/9/2008 2:14:02 PM

Can we just lock this thread for 12 months?

10/9/2008 2:16:33 PM

Under 9k.. lets see if it can rally in the last hour to get back above.

10/9/2008 3:04:31 PM

^ Let me know how that works out for you.

10/9/2008 3:16:01 PM

F
U
C
K

10/9/2008 3:21:43 PM

^^ lol I'm not holding anything long It's just always interesting when it drops below a thousand mark.

10/9/2008 3:28:02 PM

7 straight down days, ridiculous

10/9/2008 3:43:14 PM

dude, what the fuck is going on, its down almost 400 points in the last 45 minutes

10/9/2008 3:45:10 PM

Dow
8,666.24 -591.86 (-6.39%)

[Edited on October 9, 2008 at 4:01 PM. Reason : ]

10/9/2008 3:45:53 PM

bought 34 shares of SSO @ 29.71

10/9/2008 3:49:19 PM

Firefox can't establish a connection to the server at http://www.nasdaq.com.

10/9/2008 3:49:39 PM

eugh

NASDAQ 1657.81 -82.52 4.74%
DJIA 8644.26 -613.84 6.63%
S&P 500 913.53 -71.41 7.25%

10/9/2008 3:55:58 PM

market is way oversold

10/9/2008 4:07:25 PM

ouch

10/9/2008 4:07:47 PM

Going up 200 points right there in the last 5 minutes only to give it back up and end at a day low was a nice touch

10/9/2008 4:07:52 PM

Dow
8,579.19 -678.91 (-7.33%)

10/9/2008 4:24:41 PM

big rally tomorrow

10/9/2008 4:26:01 PM

PWNT! STAY HOME

10/9/2008 4:26:34 PM

I'm leaning more toward it staying flat before the weekend. I doubt there will be any sort of rally.

10/9/2008 4:28:11 PM