MobiusPigeon
Banned
So with FRE and FME done things are looking damn rosey for regular banks again. I'm fucking excited as hell to see what happens with my 2500 WM shares in the morning!
-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
MobiusPigeon
Banned
i've been buying for the past few months all the way down from $12 a share. total purchase price was $13000 over the past few months so its an average of 5 something a share. as of friday i'm down $2500 but monday should wipe that out easy. I'm not sure if its all pipe dream talk or if i'm just lucky but the talk is that the opening price is gonna be rather high due to short sellers having to cover a shitload of shares.
Today is a beautiful day. Currently have C, HOV, and ABK. On moral principle I think the government should have put Fannie and Freddie in receivership and wiped out all shareholders as well as accelerating their plans to reduce their roles in the housing market (should go to the European model), but doing it this way is working wonders on my investments! I am torn between my morals and my greed.
RumblingRosco
Member
-
CharlieDigital
Banned
I love this quote on CNN Money:
I mean, Jesus Christ. It's like an obese person who gets lipo only to wake up the next morning and shovel down Twinkies and Big Macs.
It may be good for your stocks short term, but it just seems like, long term, this has disaster written all over it.
I mean, Jesus Christ. It's like an obese person who gets lipo only to wake up the next morning and shovel down Twinkies and Big Macs.
It may be good for your stocks short term, but it just seems like, long term, this has disaster written all over it.
CharlieDigital said:
There is another part of the plan, by 2010 the GSEs are forced to reduce market share every year until they are very small players in the market if they exist at all.
So the plan uses the GSEs to provide liquidity in the market now, but makes provisions when we are out of the housing crisis to reduce their role in the markets.
Personally, I think this is risky as in 2 years and under new leadership people may have forgotten the lessons of moral hazard and the fundamentally broken business model of profit incentive with a government backed get out of risk free card. So Congress may end up not enforcing the pairing down of the GSEs, which would just start up the boom/bust cycle again.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Of course they won't enforce it.
Ether_Snake said:
Maybe, but if things are as bad as I think they are for the GSEs, the government has put taxpayers on the line for quite a hefty bill. And honestly, more and more shady shit is going to come out about the practices of the GSEs, shady government lobbying, cronyism, collusion with the mortgage writers, shady gifts to congressman (low interest financing to some major congressional figures in the banking world is already proven), etc. I think the worst scandals are yet to come. People are going to realize that Treasury just basically bailed out the financial version of Enron. It was necessary for the safety of debt markets and the world financial system as a whole, but damn is it going to look bad in the coming months.
Edit. Not to mention very questionable if not illegal accounting practices (don't have to write down loans until 24 months delinquint, WTF! 2 years people!)
RumblingRosco
Member
-
CharlieDigital
Banned
dionysus said:
IMO, this is where it's heading. If there isn't some major reform in lending practices, I could see the whole cycle starting again buoyed by lower mortgage interest rates. Somehow, all of the weight of the responsibility of this entire fiasco is landing square on the shoulders of the tax payers while the businesses and individuals which engaged and even promoted unethical lending practices get off with a slap on the wrist.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
IMMR up 5% other than that not a great day, STP and NVDA down over 4%, the later having been downgraded.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Basically everyone is thinking short term, there is no more accountability. I don't see what could change that in the near future, unless there arrests, a lot of them. They will keep thinking on the short term, more money will be borrowed, etc., everything pushed to later, the debt will get bigger.
Sometimes I think the US actually believes the world is going to war soon anyway, so they don't have to worry about the debt; just borrow money, buy lots of guns, and when the collector rings at the door shoot him.
Sometimes I think the US actually believes the world is going to war soon anyway, so they don't have to worry about the debt; just borrow money, buy lots of guns, and when the collector rings at the door shoot him.
I'm thinking of testing the water with selling short, but, am confused of the different sell options with selling short.
If XYZ is currently at $64 and I want to sell it short for $60, what is the difference between Market, Stop, and Stop Limit? Is it just the opposite of buying stocks using those types?
If XYZ is currently at $64 and I want to sell it short for $60, what is the difference between Market, Stop, and Stop Limit? Is it just the opposite of buying stocks using those types?
Megat0n said:
Should be exactly the opposite of buying. So you sell it short at $64, and then buy to cover at $60 assuming it goes down, so the profit comes from that difference.
Not a lot moving big for me today. Looking forward to the Apple event later. Just hoping people's expectations are realistic so it doesn't bomb like last Macworld
Ether_Snake said:
Wait, wait, I don't agree that people on Wall St. need to be arrested. Most of the fraud that was committed was done, not by bankers and GSEs, but by the individuals taking out the loans. Lying about residency, incomes, jobs, etc. And a long hard look, including an investigation, needs to be taken at the relationship between the GSEs and Congress. There are a few isolated instances of things that could conceivably be fraud on the part of Wall St, but really what the street is guilty of is ignoring risk and boundless and unfounded optimism facilitated by credit kept too cheap for too long. None of that is a crime.
I see plenty of accountability for the truly private players. Lehman shareholders were wiped out, most banks have lost over half their value, the GSEs shareholders are basically wiped out.
The lack of acountability is for our fugging government who promoted the GSEs, ignored warning calls from the Fed, Wall St., and the Treasury, instead shifting more power to the GSEs as a response. Now they are risking 200 billion of taxpayer money saving the beast they created.
Hell, some congressman still think the GSEs are great and its not their fault.
Great article: http://online.wsj.com/article/SB122091796187012529.html?mod=opinion_main_review_and_outlooks
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Seriously, what terrible times. I wish I had started investing before late mid/2007
So unfortunately I am going to have to take some big hits on AAPL and NFLX which are going to suck up most of my funds available for day trading. Holding NFLX calls for so long was just a bad move on my part. Going to hold on to ERTS calls for longer and hope it recovers up to around $50. Beyond that it's pretty much just waiting for SDVI to pop further. If they can generate some momentum with Mazes of Fate and Black Sigil sales, as well as get uplisted to the OTC.BB, I think it should be in the .20s within six months or so, which would make it worth a good six figure sum to me. Of course that stock is super risky though.
On the bright side I'm due for my annual review at work soon just as we're about to ship a major product, so I'm hopeful at having some spare change to invest again soon.
On the bright side I'm due for my annual review at work soon just as we're about to ship a major product, so I'm hopeful at having some spare change to invest again soon.
kathode said:
Too bad, man, we've all been there. This market is vicious. However, an equally vicious rally can materialize very quickly. Hedge funds are liquidating and wreaking havoc everywhere. The speed at which a lot of stocks have come down (especially commodity related stocks) is almost unprecedented.
MobiusPigeon
Banned
i jumped the hell out before a 3rd day of losses. left 500 in just in case but it's been 3 days and the new ceo has said NOTHING. are they purposely letting it fall so the new guard can jump in on the cheap? WTF.
I really don't know what to do at this point. I've lost $180 on $1K of AFJDX, I keep buying at a lower level and it just keeps going lower and lower. Were international stocks a bubble too? If so, did I just get busted for good? I still have 34 years to go until I can withdraw from my Roth IRA, but I want to put myself in a good position for returns in a market which will be a golden opportunity for such, rather than hold on to a sinking ship.
sonarrat said:
Reacting to the past the surest way to lose money, every second is a new second and in your investment mind you shouldn't even remember what your purchase price was, just what the current price is.
Reevaluate and reresearch whether the reason's you bought in the first place are still there and whether the valuation is still good and make the decision about what to do.
RumblingRosco
Member
-
dionysus said:
Well, I only bought into it because of the fund's track record. It has produced huge returns every year, which is why it's such a shock that the downturn is so severe. It has never been this bad in the fund's history. And that fact is ringing in my ear, because I can think of a few other things that have also never been this bad.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Soka: Good for you concerning COOL.
Some people made a whole lot of money Monday on UAUA.
Six-Year-Old News Story Causes United Airlines Stock to die
http://blog.wired.com/27bstroke6/2008/09/six-year-old-st.html
Anyway, these days I haven't been feeling too good about where things are going at work. I really hope I can move up soon, I have all I need to, but it won't happen until the current project is done and right now I'm not so sure when that will be. I feel like I'm in limbo!
Some people made a whole lot of money Monday on UAUA.
Six-Year-Old News Story Causes United Airlines Stock to die
http://blog.wired.com/27bstroke6/2008/09/six-year-old-st.html
Anyway, these days I haven't been feeling too good about where things are going at work. I really hope I can move up soon, I have all I need to, but it won't happen until the current project is done and right now I'm not so sure when that will be. I feel like I'm in limbo!
RumblingRosco
Member
-
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
BP has fallen so much. Too bad I can't figure out what a decent price on them would be, I'm out of the loop.
EDIT: Thanks Soka. It's going well for me, but the project I'm working on turned out to be not so hot, we need more time, and at this point I'm feel like I want more time so we can make it good, and at the same time I want to move to another project and get my promotion now, not some time next year. Meanwhile I'm feeling like the company is not going to have another record year unlike the past few ones. We'll see this holiday I guess!
EDIT: Thanks Soka. It's going well for me, but the project I'm working on turned out to be not so hot, we need more time, and at this point I'm feel like I want more time so we can make it good, and at the same time I want to move to another project and get my promotion now, not some time next year. Meanwhile I'm feeling like the company is not going to have another record year unlike the past few ones. We'll see this holiday I guess!
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
ATVI stock split is through.
Ubisoft trading at 56, wondering how things will go this holiday.
Ubisoft trading at 56, wondering how things will go this holiday.
So I lied and about an hour after posting about how I wasn't going to be trading anymore, I bought a grand worth of November $70 CAT calls. How can something called a CAT call fail?? :lol (Note: I also liked my chances with Sprint puts a few weeks back because the options ticker was .SUK :lol That one didn't work out so well for me).
I usually bet on bounces, but since that had been failing a bit for me lately I decided to try the old "buy into strength" routine and bought as CAT was up over 3%. They were well off a recent high and near a 52-week low, so it seemed like a good bet for recovery. Opened up this morning down 2%, but trended up the rest of the day. My call ended the day up around 10%. I'd like to see it in the 20-30% range before I sell though.
I usually bet on bounces, but since that had been failing a bit for me lately I decided to try the old "buy into strength" routine and bought as CAT was up over 3%. They were well off a recent high and near a 52-week low, so it seemed like a good bet for recovery. Opened up this morning down 2%, but trended up the rest of the day. My call ended the day up around 10%. I'd like to see it in the 20-30% range before I sell though.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
UAUA was up 11% today.
Other than that, CELG +3.85%
NVDA -4.81%, that sucks>:|
Let's see if ATVI can rise to 25!
A lot of energy stocks have been down since May or so. Some are interesting at this price. SU, XOM, and more.
CAT is also interesting at the current price.
Other than that, CELG +3.85%
NVDA -4.81%, that sucks>:|
Let's see if ATVI can rise to 25!
A lot of energy stocks have been down since May or so. Some are interesting at this price. SU, XOM, and more.
CAT is also interesting at the current price.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Terrible day. ATVI, ERTS, down 3%, NVDA down 5%. Argh.
Looks like things are turning positive for the moment at least. I'm actually doing ok. NFLX and CAT are both green. ERTS turned up there for a bit. Sad to see it break down below $45 though. I was hoping for more resistance at that level.
(heh, that was shortlived. Looks like it's going to be a fairly volatile day. What else is new?)
(heh, that was shortlived. Looks like it's going to be a fairly volatile day. What else is new?)
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
You guys make me feel like I should be trading short term. Last time I sold something was soon after TTWO reached 25.75 for the first time.
BTW anyone knows how well Spore is doing? I'm getting bad vibes from Dead Space and Mirror's Edge. I think ERTS' attempt at making "quality" games to get back on top will have ended up being just another random attempt at getting back on top, and it will just set them back moreso if this holiday is not good for them.
Actually I think that for EA and Ubisoft, this holiday won't be very good. Unless in the later's case the FarCry 2 reviews are good.
BTW anyone knows how well Spore is doing? I'm getting bad vibes from Dead Space and Mirror's Edge. I think ERTS' attempt at making "quality" games to get back on top will have ended up being just another random attempt at getting back on top, and it will just set them back moreso if this holiday is not good for them.
Actually I think that for EA and Ubisoft, this holiday won't be very good. Unless in the later's case the FarCry 2 reviews are good.
RumblingRosco
Member
-