So, do you want a goddamn cookie or something?

8/10/2011 5:37:04 PM

http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm

8/11/2011 12:23:51 AM

I'm buying another $10k worth of gold this morning.

The ban on short selling is going to give people no other place to put their money.

Europeans are generally stupid, but they have more experience with currency crises so it won't take them long to realize they need to buy gold.

I was waiting for a gold pullback to buy more but I just don't want to see it hit 2k when Im not all-in yet

8/11/2011 9:02:11 AM

ENTR up 10% more after yesterdays 10% move from lows. Good value right now.

8/11/2011 9:34:11 AM

Sorry, that last post implied that I'm all-in. I still have a good amount in cash but a lot of its in my 401k where I can't buy gold yet.

I've talked to some people and it looks like we'll be adding a precious metals fund to our 401k soon though by request to have safer options available and alternatives to money markets

8/11/2011 9:50:34 AM

its usually stairs up, elevator down for just about any asset class.

i tend to set my buy limits around price levels anticipating those elevator down moves, such as that 50 to 100 point drop we had in gold a few weeks back.

also keep in your peripherals any margin requirements, leverage limits, position limits and any other austerity curbs that exchanges themselves may put on trading of comodities. i know for silver, the CME has raised margin requirements several times in the last few months. those types of events can cause 'elevator down' type days.

8/11/2011 11:01:24 AM

Agreed completely ^

They raised the margin requirements on gold last night and the selloff was only about $20.

I expected it to be more than that, that's why I bought right after the open. I figure if that's all it pulls back on that news then I might miss the gold rally if I don't buy now.

I can't tell if Europe is going to fail this time or if they have one more bailout left in them politically. I'm pretty sure they don't have two and I think China may have been suckered for the last time. You know that saying, 5 times bitten, 6th time shy.


Either way, I'd love to buy gold as low as possible but its not worth it to me to miss the rally

8/11/2011 11:15:49 AM

30 year auction today looks bad...real bad.

8/11/2011 1:26:33 PM

Yep, we all know what this means. Luckily gold is getting cheaper

8/11/2011 2:13:51 PM

with the nice gains in the market today, over the last 2 months, i've about broken even :\

8/11/2011 2:24:52 PM

8/11/2011 2:43:12 PM

Quote :

"ssjamind All American 29629 Posts user info edit post i wanted to do some buying today just before the close in order to bet on a small uptick tomorrow, but the day job got the best of me.. 8/10/2011 4:31:41 PM "

fothermuck!

8/11/2011 3:19:35 PM

Haha the baby video is good.

I gotta say I love when the market is like this. Just huge swings. Anyone using this as an opportunity to dump?

8/11/2011 3:26:01 PM

Looking for another BAC dip into the 6's to pull the buy trigger.

8/11/2011 4:09:34 PM

picked up faz today just shy of $61 after which it dropped into the low $56s and back up to the $60s. I'm thinking we still have quite a bit to drop.

[Edited on August 11, 2011 at 4:24 PM. Reason : profit taking tomorrow. who is going to hold over the weekend with europe acting the way it does?]

8/11/2011 4:21:54 PM

The only way any traders would hold over the weekend is if they thought qe3 was going to be announced.

That seems unlikely so id imagine there is a huge selloff

8/11/2011 4:29:13 PM

Short selling bans in Europe, a parade of bank CEOs on tv pleading that everything is ok, treasury auctions failing, and indexes that move 5% at a time. There is something big lurking. What and when remains to be seen. ^^^ do yourself a favor don't buy BAC, no point in jumping into a zombie bank only to see your equity diluted or lost, take it from a jerkoff who bought Citi with the Saudi prince for 19.0 only to see it trade $1.00 then do an awsome 10 for 1 split, so I'm long Citi from $190.00 and it's trading 30.00. Buy anything else.

8/11/2011 9:03:09 PM

I'll be holding my WEN, PGN, HTCH and CSCO as I think they still have value

but I'm not any expert

8/11/2011 9:06:36 PM

^ you've come to the right place then

[Edited on August 12, 2011 at 9:01 AM. Reason : X]

8/12/2011 8:59:59 AM

picked up some more $faz at 56.85 pre-mkt.

8/12/2011 9:47:31 AM

sentiment at 3-DECADE low according to CNBC. how is the market still green?

8/12/2011 10:09:11 AM

^^ Are you playing with options at all?

I picked up some FAS on Monday and have been opening and closing calls and puts on it all week. Up 25% so far.

8/12/2011 10:19:04 AM

Not at this time. I've moved from options to common stock for the most part now. I've had some bad experiences trading options on 3x ETFs in the past.

8/12/2011 10:34:46 AM

gonna buy some GTAT with an $11.90 limit if it gets that low again today

8/12/2011 1:53:03 PM

do you have to own a stock for at least 3 months straight in order to get a quarterly dividend check, or more than 3 months in order to own it for a stock's entire quarter?

8/12/2011 3:44:59 PM

No, you just have to own it on the dividend date. That's why you'll usually see a price change in line with the dividend payout on the div date.

8/12/2011 3:47:02 PM

Picked up some ENTR at 4.07 ... very cheap valuation for the leading Home networking over Coax player. Their products are in the multi-room dvr and most other HD related set top boxes that are being developed right now.

Up from 3.30 last week, where I suggested getting in at 3.60

8/15/2011 11:36:47 AM

100 s&p points from the bottom real quiet. No volume and just a slow creep. Didn't see the bottom type trades, vol came off hard and options are way cheaper than they were a week ago, Im loading up on sept oct nov SPY puts for the personal account during the next week and just try and keep buying a few a day unhedged as we drift upward on no volume. No volume = going lower.

8/15/2011 9:06:37 PM

Anyone else looking at retail stocks to get into for the holiday season? Was just checking out best buy flirting with its 52 week low.

8/16/2011 9:53:31 AM

At these valuations id be looking to sell any stocks I owned not buy.


It seems fairly likely that this summer will eventually be marked as the beginning of the recession

8/16/2011 11:04:33 AM

I will be looking to buy puts in GLD in the near future. Not that I necessarily think we're done with the market tanking, I just think gold is overdone.

8/16/2011 1:44:33 PM

Gold could pull back if we enter a deflationary spiral because of the liquidity crisis we are entering so that's not necessarily a terrible bet, but obviously in the medium term gold is going to skyrocket as governments crumble and the currency destruction occurs

8/16/2011 2:07:07 PM

just bought a bit of FAS. Merkel and Sarkozy are not letting EU contagion hit banks.

also, there's an intraday inverse head and shoulders -- betting on up day tomorrow.

8/16/2011 3:57:54 PM

I picked up some FAS on 8/8 and have been opening and closing option positions since. Currently up $3 per share. Same thing with SSO. Currently up almost $5 per share, though percentage gain is less.

8/16/2011 4:12:29 PM

^^Yeah, and they're going to kill their markets in the process, at least if they go through with this transaction tax.

[Edited on August 16, 2011 at 4:13 PM. Reason : ]

8/16/2011 4:12:43 PM

Crickets 40% of the volume of last two weeks, slow drift . Started buying puts with a bid if they get cheaper.

8/16/2011 6:07:59 PM

picked up faz aug 58 calls this morning at 1.25 and 1.10. dropped into the .80s before i got out at 1.30. now knocking on 2.00+.

8/17/2011 12:14:13 PM

8/18/2011 10:21:37 AM

Fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuck.

8/18/2011 10:22:11 AM

picked up more citi @ 27 this mornin

8/18/2011 10:55:34 AM

^ 27.00 sounds way better than 2.70, don't buy bank stocks right before they are gonna have to raise capital. Puts worked out, we are still going lower.

8/18/2011 11:17:49 AM

trailing stopped out of FAS yesterday & made a small gain. buying the same lot back today.

8/18/2011 11:31:55 AM

anybody else see a head and shoulders pattern?

8/18/2011 11:49:38 AM

Wait I thought stocks were cheap hahaha

8/18/2011 12:29:58 PM

Oh look, face is acting like a prick again, the market must be down today.

8/18/2011 12:48:54 PM

http://www.hussmanfunds.com/wmc/wmc110815.htm

"is important to recognize that the S&P 500 is presently only about 13% below its April peak, and the word "only" deserves emphasis. Our valuation impressions align fairly well with those of Jeremy Grantham at GMO, who puts fair value for the S&P 500 "no higher than 950" - a level that we would still associate with prospective 10-year total returns of only about 8% annually. I would consider investors to be very fortunate if the market does not substantially breach that level in the coming 12-18 months."

8/18/2011 1:24:21 PM

^ i'm getting the sense that it will approach 1000 sometime over the next 12-15 months, form a base and then rise again..

8/18/2011 1:38:59 PM

Anyone stubborn enough to buy or hold stocks in this economy deserves to lose money.

You can deflect your anger onto me, but there's no one to fault but yourself if you ignore reality.

8/18/2011 3:48:47 PM

lol. no anger. just you and your broken record routine.

i'm up nicely today.

8/18/2011 3:54:04 PM

Quote :

"i'm up nicely today."

me as well. I'm used to people like face. There's always people like that in any stock forum I read.

8/18/2011 4:11:29 PM