Stock-Age: Stocks, Options and Dividends oh my!
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Illuminati
Member
I wouldn't touch any company that is in the financial industry with a 100ft pole, but other sectors have no reason not to recover what they lost over the past week.ArtG said:
Fun Factor
Formerly FTWer
WickedAngel said:
Are you the guy who posted about getting inherited that $150,000 & invested it all on Nintendo?
MassiveAttack
Banned
ALeperMessiah said:
Agreed. GM has been a crumbling empire for decades. Anyone who acts surprised by the valuation collapse has been living in a cave. Ford is next. Then the Chinese and Indian auto makers will move in and take over.
speculawyer
Member
best fiscal face palm ever?
speculawyer
Member
I, for one, welcome our new BYD and Tata overlords.MassiveAttack said:
Ether_Snake
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ALeperMessiah said:
Sure you can go wrong, if you bought in May 1998 you would have waited 5 years just to make your money back.
Illuminati said:
Why not? We could stagnate for 10 years for all we know. Nothing is certain whatsoever.
And the car companies that will do well are those that invest in public transport vehicles and those that invest the most in "smart" cars. It's all about reducing energy consumption. Don't ever invest in company that isn't 100% committed to quality. Most businesses in general are very short-term-gains-oriented, and that is never good.
The future can only be one of better distributed wealth, so think about what kind of businesses would do well where the idea of having a giant truck, a big pool in the backyard, etc., are going to be rare.
EDIT: And I don't trust Tata to some extent, their purchase of the Jaguar and Land Rover brand is ridiculous. Might be a good deal in some people's eyes, but I think it's a sign that the management is thinking short term. Anything except public transport and smart cars are going to be a thing of the past in the near future.
nextgeneration
Member
Jtyettis said:
Yeah, that's right. Nikkei is down 900+ pts right now.
toxicgonzo
Taxes?! Isn't this the line for Metallica?
Will tomorrow be Black Friday?
dun dun dun
dun dun dun
Justin Bailey
------ ------
I bought in on walk-all-o-via today at $4.12. Hot damn.
perfectchaos007
Member
toxicgonzo said:
Yep, we're DOOOOOOOOOMED
Ether_Snake
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Unlike most people here I'm not really worried. But only because I don't own a house, I am single, have no kids, and my parents have no money anyway nor any savings. So I don't have much to lose.
And while I do think times are going to be difficult, I believe there will be coordinated government global action.
History is following its course really; the inevitable end of excessive consumption and the rise of organized sustainable society is nearing. How difficult the transition will be remains to be seen, but like I said before, on a local level you want to stay out of poor neighborhoods like those found in many places in the US, and on a global level poor countries will be the ones to suffer beyond all others.
I'm not worried for the West or Russia. But for others it will be more difficult.
And while I do think times are going to be difficult, I believe there will be coordinated government global action.
History is following its course really; the inevitable end of excessive consumption and the rise of organized sustainable society is nearing. How difficult the transition will be remains to be seen, but like I said before, on a local level you want to stay out of poor neighborhoods like those found in many places in the US, and on a global level poor countries will be the ones to suffer beyond all others.
I'm not worried for the West or Russia. But for others it will be more difficult.
Any GAFfers experienced in option trading?
Had a question related to puts:
If I buy an October put with a $50 strike price on a stock that is selling for say...$60. The put is selling for $1.45. The stock price falls to $55 and the put rises to $2. Even though the put has not yet hit the strike price, I can still sell the put for the $.55 profit, correct? (Provided there is a buyer of the put)...and that would be the end of the trade, correct?
Had a question related to puts:
If I buy an October put with a $50 strike price on a stock that is selling for say...$60. The put is selling for $1.45. The stock price falls to $55 and the put rises to $2. Even though the put has not yet hit the strike price, I can still sell the put for the $.55 profit, correct? (Provided there is a buyer of the put)...and that would be the end of the trade, correct?
What happened to Jim Cramers stock market bottom call in July?
What happened to the people saying 20% down must be close to the bottom?
People are selling because there is no honesty in the market place. Every company says they are doing great until the day they declare that they are bankrupt. The current administration is no better in terms of who you can trust, their track record is abysmal. We need some way to restore faith in our institutions and I doubt Bush's speech is going to do it.
What happened to the people saying 20% down must be close to the bottom?
People are selling because there is no honesty in the market place. Every company says they are doing great until the day they declare that they are bankrupt. The current administration is no better in terms of who you can trust, their track record is abysmal. We need some way to restore faith in our institutions and I doubt Bush's speech is going to do it.
thegreyfox
Member
for Option traders:
The CBOE has a nice Option Calculator.
http://www.cboe.com/LearnCenter/OptionCalculator.aspx
The CBOE has a nice Option Calculator.
http://www.cboe.com/LearnCenter/OptionCalculator.aspx
toxicgonzo
Taxes?! Isn't this the line for Metallica?
Dow is down -693! We are down below 8000
Holy Moly! We might see trading suspensions today
Holy Moly! We might see trading suspensions today
Guys I can't really say why (I'm not at liberty to divulge)... but I'm pretty positive that this is the final day of this crisis. I'm not saying we're gonna go back up to 14k or even 10k any time soon.. Think more along the lines of 1987 where the market just stayed dead for the better part of a year but today is it. NO more 4% + down days.
So that means all you guys who own options would probably be best served to find a buyer before the end of the day cause volatility is going to dry up.
Now of course what I just typed may be 100000% wrong but.. from all the research I've been doing.. this appears to be it.
Best of luck to all.
So that means all you guys who own options would probably be best served to find a buyer before the end of the day cause volatility is going to dry up.
Now of course what I just typed may be 100000% wrong but.. from all the research I've been doing.. this appears to be it.
Best of luck to all.
got2bekidding
Member
Anyone else finding it hard not to hop into AAPL with it being below 100? I bought a minute amount two days ago just because I couldn't take it anymore. God I wish this market would turn so I could make a serious move. 
got2bekidding
Member
YES! That's another stock that is so tempting because you know it will jump up over 100 again as soon as the market stabilizes, especially with the new Blackberry coming out. So many temptations out there it's so difficult not to make the trade. Of course that's why the market really isn't making the moves it could, because of this nervousness and uncertainty. It's soooooo frustrating with so many great deals out there.gkrykewy said:
edit: All I know is that I'll be next to a computer in the coming weeks because the frustration of the uncertainty of not buying now would only be topped by missing the boat.
Here's the last bit of knowledge I wish to impart on the group.. or should I say the last bit of knowledge I'd like to have Jim Rogers impart on the group.
http://www.cnbc.com/id/27097823
After this I'd suggest hitting up youtube and doing more research on both Jim Rogers and Peter Schiff. They're both very smart guys and have taught me more than I could ever repay.
http://www.cnbc.com/id/27097823
After this I'd suggest hitting up youtube and doing more research on both Jim Rogers and Peter Schiff. They're both very smart guys and have taught me more than I could ever repay.
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