I've invested the same way with one of my accounts. Just buying dividend paying blue chips while they're severely beaten down with no intention of selling them anytime soon.

4/9/2010 3:48:47 PM

$POT calls were up 30% from my buy yesterday, but did I sell? No, instead I wait for $POT to go higher, which it never did, so now I'm sitting on a 10% gain, but I'm holding them over the weekend, which I did not intend on doing. I thought I had the whole not-taking-profits-when-get-them-and-then-the-stock-goes-down-so-profits-are-way-less problem figured out with my last $AAPL trade.

Here's to hoping for a big pop from $POT come Monday morning, like the one we saw this morning.

4/9/2010 5:09:35 PM

Quote :

"I shorted $AAPL from around $240 via the April 240P from yesterday to today"

What?

Change of tune from several months ago Rally? what point on the S & P did you get back in and join the madness?.

[Edited on April 9, 2010 at 10:09 PM. Reason : .]

4/9/2010 10:07:46 PM

Quote :

"What? Change of tune from several months ago Rally? what point on the S & P did you get back in and join the madness?."

Woah, what? I didn't correlate my $AAPL short to the S&P.

4/10/2010 8:47:43 PM

Oh, i was asking how you shorted AAPL by using a 240 put...buying a put would mean you're bearish on the stock but not nearly the connotation associated with shorting a stock as your liability in buying a put is simply the money you paid for the put, and the liability for shorting a stock is unlimited (all things equal which wouldn't consider stops, triggers, etc), while both postures are bearish on the underlying.

BTW, what's your stance on POT and the other ag stocks?

The other comment was for Rallydurham, I guess the word Rally should have been specified in the midst of what's currently going on in the market

Earnings have been stellar from intel and JP, Google, BoA, and Microsoft are soon up


[Edited on April 14, 2010 at 4:46 PM. Reason : .]

4/14/2010 4:43:13 PM

I was out of town for the first half of the week and I come back to find that everything has shot through the roof.

Good idea: buying a bunch more C over the past few weeks.
Bad idea: Selling Apr 17 calls on 2/3 of my GE last month.

4/15/2010 3:12:50 PM

Anyone see SRS today?


WHAT

THE

FUCK

4/15/2010 4:57:34 PM

^ no but I just looked

Did id split down to $5 and run all the way back up to $28?

Or was this a reverse split? (didnt have time to go look around, just checked today's quote)

[Edited on April 15, 2010 at 5:05 PM. Reason : ]

4/15/2010 4:59:49 PM

It was at like 120 or so in december of '09, when I owned a lot of it.

bled out to like somewhere in the high 20's when I finally sold it.

hung out at like $5-$7 for the last year or so. I just happened to see it today and was shocked. I still don't see any earth shattering news that would cause it to move up more than 400%. Today, it came out that foreclosures are at a 5 year high, but who is surprised?



BTW if you didn't know, it's a 2:1 inverse ETF, tracking at 2 times the inverse of the dow real estate index.

[Edited on April 15, 2010 at 5:12 PM. Reason : .]

4/15/2010 5:11:13 PM

http://www.sec.gov/news/press/2010/2010-59.htm

Quote :

"The SEC alleges that Goldman Sachs structured and marketed a synthetic collateralized debt obligation (CDO) that hinged on the performance of subprime residential mortgage-backed securities (RMBS). Goldman Sachs failed to disclose to investors vital information about the CDO, in particular the role that a major hedge fund played in the portfolio selection process and the fact that the hedge fund had taken a short position against the CDO."

think this will have any meaningful effect on GS?

4/16/2010 11:19:13 AM

Watching any news or reading any articles over the last 12 months you can see that all of these investment banks have been recommending investment vehicles where the investment banks themselves are shorting it or have a buddy buddy relationship with some firm that is shorting it. Tricking investors is pretty par. GS down huge obviously with the SEC getting invloved. Should make for a nice pull back on some buying opportunites on some other companies short term, especially when they report solid earnings next week.

BUT, the SEC which has the reputation as being inept, going after Goldman, is always a huge event. And it's going ot be all over CNBC today so take it in stride and enjoy the pundits as half will tell you to liquidate your portfolio and the other half will tell you to double down.


[Edited on April 16, 2010 at 11:35 AM. Reason : .]

4/16/2010 11:29:19 AM

^ it better...


trailing stops triggered on C, CSIQ, and CISG.

also just bought DGP & ICN

4/16/2010 11:29:48 AM

it split 1:5 yesterday

http://www.google.com/finance?q=SRS+

[Edited on April 16, 2010 at 11:33 AM. Reason : ^^^^]

4/16/2010 11:33:38 AM

yahoo finance has failed me a gain

that explains it then.

4/16/2010 11:53:54 AM

haha yahoo finance. i was wondering what you were talking about. my stock charts didn't show the 5->25 jump

[Edited on April 16, 2010 at 12:02 PM. Reason : split adjusted]

4/16/2010 12:02:45 PM

for whatever reason, I still prefer yahoo finance's interface to Google's.

call it a quirk.

4/16/2010 12:07:13 PM

also just bought some FSYS on unusual volume activity. its fundamentals look good, and is near 52 wk low

4/16/2010 12:40:49 PM

gs

http://www.msnbc.msn.com/id/36597290/ns/business-us_business/?GT1=43001

4/16/2010 1:52:24 PM

nah i'm pretty glad they're getting some heat

4/16/2010 4:09:35 PM

Quote :

"Oh, i was asking how you shorted AAPL by using a 240 put...buying a put would mean you're bearish on the stock but not nearly the connotation associated with shorting a stock as your liability in buying a put is simply the money you paid for the put, and the liability for shorting a stock is unlimited (all things equal which wouldn't consider stops, triggers, etc), while both postures are bearish on the underlying. BTW, what's your stance on POT and the other ag stocks?"

I wouldn't necessarily say that I'm bearish on AAPL, but I definitely think the market is overdue for a correction. Apparently it got a tiny one today while I was taking the PE Exam, and didn't get to follow. I did manage to pick up a June 590P on BIDU yesterday at the close that jumped around 20% today, which I set to sell (and it did today).

On POT, I'm not really sure. Ag is definitely down. I do think though that I will be buying some POT OTM calls when POT reaches support somewhere around 104.

I'm still looking for more of a correction out of the market, not just one 125 point down day, it needs a few. I like to buy puts on the market leaders when I think the market is ready for a correction (AAPL, GOOG, BIDU, GS, a few more). I don't think it's very smart to go against majority sentiment, but it pays off sometime.

Monday, I'm looking to buy some calls on the banks if they dip farm enough. I'm all for the swing trades.

4/16/2010 9:15:44 PM

Quote :

"Just buying dividend paying blue chips while they're severely beaten down with no intention of selling them anytime soon."

Any suggestions on blue chips to look into picking up?

4/17/2010 1:44:42 PM

I just bought:

FPL (Florida Power & Light)
PGN (Progress Energy)
VZ (Verizon)


Look pretty stable, pay big dividends. Again, these aren't for retirement savings...this is money that I intend to have available for buying sports cars and speedboats, or taking sweet vacations, or whatever...but I don't need it immediately, and I'm not going all-in with my cash. If MMAs were still paying decently, I'd have this money money held there.

[Edited on April 17, 2010 at 2:00 PM. Reason : ]

4/17/2010 2:00:28 PM

IBM

4/19/2010 11:33:48 AM

Any thoughts on buying CYB as a hedge against inflation?

4/19/2010 3:23:43 PM

^ i bought some ICN for a similar purpose.

just bought CAGC & TRIT

4/20/2010 11:44:54 AM

AAPL is up ~$15 in premarket.


WTF, how high can it go? I don't see apple being truly worth $220 billion.

4/21/2010 9:29:42 AM

I keep hearing $300 getting tossed around, though I can't offer a good opinion either way.

Wish I hadn't sold a bunch of it at $35 when I was still a stock n00b.

4/21/2010 9:40:40 AM

Last year around this time, I was debating between AAPL and C.

I bought C.

I made a pretty good return before selling, but I was never confident enough in them to hold for very long. whereas I probably would have continued to hold AAPL, which would have been at about a 300% return by now.

4/21/2010 10:16:47 AM

yeah i keep waiting for apple to go down but damn, it just keeps going up

4/21/2010 10:34:03 AM

I bought in around $190 and sold calls at $210 that expired last week when it was around $245. Dammit.

4/21/2010 10:48:31 AM

^ and NFLX is up 25% from when we were talking about it about a month ago. Up over 100% in less than 90 days, unbelievable.

[Edited on April 22, 2010 at 11:18 AM. Reason : .]

4/22/2010 11:15:45 AM

haha, I bought AAPL a couple of years ago at $174, and again at $102.

I bought NFLX back in '06 at $20. Unfortunately, it was one of the first individual stocks I ever bought, and I didn't have much money at the time, so I only bought a very small position.



any other suggestions for stable income producing stocks/ETFs to put into my money-market substitute account? I don't want to buy anything that isn't really stable right now...I'm kinda waiting for a correction to really hammer down.

4/22/2010 3:48:00 PM

NX has been good so far +18%. I have only been in them for about 45 days. I only bought 200 shares, wish I had bought more.

4/22/2010 9:24:14 PM

I bought 40 shares VZ today on weakness following earnings.

I also bought 10 shares FCX. Who despite smashing earnings, increasing divident, and high copper prices got hit hard.

I am wanting to reinstate my position in CVX soon....

Possibly thinking of netflix too.

4/23/2010 3:55:37 PM

just set a bunch of trailing stops.

we may continue to run up through earnings season, but then we'll likely get a pull back.

4/23/2010 4:08:54 PM

Managed to convince my gf to take her IRA holdings out of cash. It's in a fidelity account. I was going to go with the freedom 2050 fund but morningstar only gave it 3/5 stars. Thoughts?

4/26/2010 11:05:45 AM

send it to me via paypal

4/26/2010 11:57:40 AM

Leaning towards http://personal.fidelity.com/products/funds/mfl_frame.shtml?31634R109

4/27/2010 10:30:39 AM

all those trailing stops triggered...

talking heads saying the better part of earnigns season is behind us. makes sense. a healthy correction may be due.

4/27/2010 1:21:22 PM

Hopefully. I'm ready to do some buying.


That said, I've thought a couple of times now that the correction must SURELY be upon us, only to watch from the sidelines as the markets crept upwards again. I'm inclined to use today's drop to do a big (like $20k ) buy of a leveraged ETF like SSO, then set a SUPER tight trailing stop on it. Hopefully then the markets will rise a little tomorrow on a perceived overcorrection today, and then maybe even creep up a little more before the "real" correction comes. If I'm wrong, I lose, what...a few dozen bucks...

4/27/2010 2:03:01 PM

Quote :

"That said, I've thought a couple of times now that the correction must SURELY be upon us"

Jan 20th-Feb 5th?? The corrections are usually swifter than the steady increases. And that was a pretty good pullback of 10%. The Greece ordeal is getting a lot of ink with the media. 10,750 on the DOW is where we turned over last time so that's the lowest I'd be looking to get in since that looks like support this go round. Otherwise I'd be out of the game below 10,750 because there's a long way to go after that.

The Goldman brass on the news today are comical. How in the world did 30-somethings get to lead the most influential investment bank in the world? The one they really targeted from France is 31. Sending emails about screwing your clients also not a bright idea.

[Edited on April 27, 2010 at 5:20 PM. Reason : .]

4/27/2010 4:53:25 PM

Quote :

" all those trailing stops triggered"

4/27/2010 9:29:55 PM

I debating hard about buying netflix. The stock looks like an ideal rapid growth stock, with accelerating earnings, and definite buy-out potential.

My only hold up is that 97% is institutional owned and I am worried about a pop.

4/27/2010 10:02:58 PM

Holy shit! NFLX over $100?!

4/28/2010 3:29:59 AM

held my nose and bought some AAPL

why must i chase the cat?

4/28/2010 2:25:25 PM

^^ Bought at $20!

^ Ain't nothin' but the dawg in ya

I meant to hammer down ferociously on SSO (with a super tight trailing stop) today, but the people from work decided to leave an hour early and go out into town...so instead of working (and doing some trading, probably making at least a few hundred bucks in the process), I went out and spent a few dozen bucks on dinner.

Oh well. I've got my whole life to make money, and a finite number of opportunities to go check out Doha.

4/28/2010 2:44:35 PM

i wish i was getting in on ak steel now, i was about a month early, she'll come round though

4/28/2010 2:58:58 PM

what do others think about AKS here?

4/28/2010 3:57:22 PM

HP to buy PALM for 1.2b

http://www.marketwatch.com/story/h-p-to-buy-palm-in-12-bln-deal-2010-04-28?siteid=yhoof2

4/28/2010 4:45:02 PM

I lurk this thread often because I like reading other peoples predictions on stocks, etc.

Quote :

" I just don't see AAPL continuing to do so well. 3/29/2010 10:41:10 AM "

Right about a month later...

4/28/2010 5:00:07 PM