Quote :

"Adding to my position today , thanks for the liquidation sale !"

So how much are you down from when you loaded up at ~1750?

9/23/2011 4:55:03 PM

Who cares? I've been buying since 775.

It only went down because some insider found out they were going to hike the margins over the weekend and wanted to shake monkeys out of the tree.

I'm not buying gold as a trade. This is the ultimate buy & hold. If it goes down to 900 in this crisis I'm still not fucking selling, in fact, I'll be buying from the people crying that they are being forced to liquidate.

Print, Print, Print.

The dollar is the ugly Kardashian right now. People are just banging her because of her name, not because she's actually hot. It will ultimately selloff. Just look at the swiss franc, they actually had credibility and they still chose to ruin the currency.

9/25/2011 10:13:53 AM

That isn't why it went down.

9/25/2011 10:31:40 AM

http://finance.yahoo.com/intlindices?e=asia

9/26/2011 1:53:34 AM

http://www.marketwatch.com/story/why-the-insiders-have-quit-buying-stocks-2011-09-21?dist=beforebell

9/26/2011 2:07:12 AM

Well it went down due to a few factors. Forced selling, dollar rising, European banks scrambling for dollars, etc


But the reason it went down a lot is because of the margin hike. Just look its worst three days over the past year all coincide with a margin hike

9/26/2011 7:45:05 AM

Eventually people are going to realize Gold has very little intrinsic value in our current state of technology, or at least not nearly what it's priced at. You'd be better off buying a commodity that actually has practical use.

9/26/2011 5:13:36 PM

Quote :

"Just look its worst three days over the past year all coincide with a margin hike"

What are those dates?

^ Spoken like someone who really doesn't understand money

[Edited on September 26, 2011 at 5:30 PM. Reason : .]

9/26/2011 5:30:03 PM

Just because money has historically been backed with gold, doesnt mean it will be like that forever.

9/26/2011 5:34:22 PM

What a dumb statement.

Please go study reasons for owning gold and then get back to me.

9/26/2011 7:31:22 PM

^Stop trolling and provide some evidence to back up your claims. Just because gold had intrinsic value thousands of years ago, does not make it true today.

9/26/2011 7:36:21 PM

Gold does have intrinsic value by the very fact that millions (billions?) of people think it does and look to store value in it when it appears they don't have very good viable alternatives.

Most folks like you always jump to the Apocalypse case as a reason to not own gold. And you're right, it's very likely that even gold won't be useful for barter because people won't be sure how to value it. Your average sophisticated Gold buyer doesn't buy gold for these reasons.

Guys like you will claim gold was a terrible investment in the 80s and 90s as some sort of proof that you shouldn't hold it now. But that really misses why Gold as a store of value works...in the 80s and 90s governments weren't overtly trashing their currencies and there were other investments that paid well more than inflation with low risk. So "the herd" didn't look to Gold because they didn't have to.

Those of us on the Gold train will gladly hop off once it's clear that governments have stopped trashing the currency.

[Edited on September 26, 2011 at 8:50 PM. Reason : .]

9/26/2011 8:36:29 PM

^ Exactly.

Gold sucked in the 90s because you could invest in companies that had earnings growth.

Today most companies have dour outlooks and its likely that most of their stocks are severely overvalued. Therefore, stocks are out.

Bonds aren't yielding much of anything and they are fucked in an inflation scenario. Therefore, bonds are out.

Cash/mmkts are paying literally nothing and they are being devalued by the second. We're facing a MAJOR solvency crisis in Europe and will be facing one in the USA soon. We should have had a crisis in 2008 but we robbed Peter (govt) to pay Paul (banks). Now Peter is broke and the bill is due. This isn't going to be your run of the mill recession. This is a motherfucking depression.

Gold will go down too as people/business/central banks urgently seek liquidity. It started going down recently because Bernanke is trying to pretend like he isn't going to print. But eventually their answer will be to print. They can't print gold. Gold is the only investment I'm comfortable with right now.

You suggest things with industrial value???? In a depression?? Terrible advice. Copper, oil, real estate, etc... All of it is getting HAMMERED as we speak.

[Edited on September 26, 2011 at 8:43 PM. Reason : too]

9/26/2011 8:42:03 PM

They will print, PMs will hold value better than dollars. And I get sexually aroused looking at my silver bars stacked next to my assault rifle.

9/26/2011 10:48:41 PM

anyone pick up any BLOAQ when it was around .10-.11? Sitting at around .36 and I think it's going to crash soon since it's so overbought.

9/28/2011 1:57:30 PM

Big bottom, big bottom
Talk about mud flaps, my girls got em
Big bottom drive me out of my mind
How could I leave this behind?

9/28/2011 4:04:19 PM

^^ I picked it up at $0.086

I dont think it will crash per say unless there is negative news like their merger fell through

9/28/2011 4:06:42 PM

http://www.thestreet.com/_yahoo/story/11262911/1/blockbuster-pink-sheets-worthless-sec.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Quote :

"To put it directly -- there is no value for common shareholders in the bankruptcy liquidation process. "Even though the Parent's common stock continues to be quoted on the pink sheets, it has no value and Parent's shareholders should not view the trading activity of its common stock on the Pink Sheets or any other market or trading platform as being indicative of the value Parent's shareholders will receive as part of the chapter 11 cases or in connection with any subsequent chapter 7 liquidation," according to the SEC. "

Fail

9/29/2011 11:25:45 AM

Fuckers charged me a late fee on march madness 2000 when I lived 30 miles away and there was an ice storm. That game sucked too, the one with Steve francis on the cover.

9/29/2011 5:14:26 PM

dyne, you strike me as the kind of guy that has subscribed to some shitty hype machine service and that is where you are getting trade ideas. Is this true?

9/29/2011 5:51:51 PM

Let's see, Tom is end of quarter, every long fund had a shitty qtr, I Wounder if we rally as they buy their longs and try and put a little window dressing on? I'm gonna buy some puts in the afternoon if we are up. 35 point range today with a nice 70 degree rally at the end of the day. Lots of fun guessing where the computers will stampede next. No volume in our product, also big Jewish holiday perfect for pushing this shit all over the place.

9/29/2011 11:08:59 PM

The equity market seems to be waking up to reality. Anyone think it has another rally left before the swoon?

9/30/2011 4:29:21 PM

The market was too broken to preform it's regulary scheduled manipulation. I saw big trades today, houses selling the shit out of front month puts and buying size vol puts. We are going lower no doubt

9/30/2011 5:51:58 PM

Financials are being destroyed.

10/3/2011 1:28:47 PM

Yep. Gone are the days of buying on hope and prayer.

Redemptions are here now we get forced selling.

And as we all know selling begets selling. These next two or three weeks are going to be UGLY

CAN'T EVER KEEP FROM FALLING APART AT THE SEAMS.

CAN I BELIEVE YOU'RE TEARING MY PORTFOLIO TO PIECES.

IT'LL TAKE A LITTLE TIME, MIGHT TAKE A LITTLE CRIME, TO COME UNDONE!

NOW WE'LL TRY TO STAY BLIND TO THE HOPE AND FEAR OUTSIDE

10/3/2011 2:26:54 PM

This is awesome. Stay long at your peril, the tide is going out

10/3/2011 4:04:57 PM

Anybody else looking at SPXU (ProShares UltraPro Short S&P500)?

10/3/2011 4:16:31 PM

trailing stops are my friend

10/3/2011 6:07:49 PM

going to spend the next few days making lists of stuff i want to buy, and place limit orders to buy said longs anywhere from 10-20% lower than current levels.

10/3/2011 6:12:57 PM

guys, the days of relative value trading are gone.

with market correlation at record levels, unless you're day trading and have any kind of edge (which most general investors dont due to the lack of time they have to put into fundamental research, etc) its better off keeping your money in investment grade bonds, etc.

dont be that guy chasing losses

[Edited on October 3, 2011 at 8:19 PM. Reason : straddles &fly trades may be good strategies to use on midcap names 4 those who can deal w/neg carry]

[Edited on October 3, 2011 at 8:22 PM. Reason : gl out there guys]

10/3/2011 8:15:52 PM

Broken market

10/4/2011 6:15:07 PM

Dick kicking rally, I couldn't help it and sold some 1118.25's and 15.75, why do we have to pretend Europe is fixed? These short squeezes are quick.

10/4/2011 6:50:29 PM

If you want a good stock to trade, look no further than ENTR.

Not only does it have fantastic fundamentals, but it is rocking out to 10% intra-day swings regularly.

Unreal ... the amount of action I have placed on this stock over the past few weeks.

[Edited on October 4, 2011 at 8:47 PM. Reason : .]

10/4/2011 8:46:32 PM

How do you figure the fundamentals are good? It issues guidance of of a YoY revenue DECREASE in August. The P/E at the moment properly reflects that.

10/4/2011 10:43:08 PM

Cyclical sales for its main product line. They are years ahead of the competition in MoCA 2.0, and that should start seeing sales in about a year.

Fundamentals are good based on the amount of cash they are sitting on. Book value is in the mid $2.00 range, and the stock can be bought for roughly twice that, sometimes less.

10/5/2011 9:07:00 AM

Anyone got any guesses as to how AAPL is going to fare tomorrow?

10/5/2011 10:33:16 PM

When he resigned, didn't the stock go up? Might be priced in.

10/5/2011 11:00:11 PM

Yep, it was priced in.

10/6/2011 8:48:14 PM

Easy Squeezey. I figured there'd be one last rally before the meltdown. This is setting up a huge crash

10/7/2011 11:18:54 AM

Can someone predict the future and tell me whats going to happen to the Fed Rate in the next few months?

10/7/2011 5:08:28 PM

^^

10/7/2011 5:50:54 PM

^^ that's easy the fed said they will leave it at zero until mid 2013.

Realistically they probably will not raise the rate ever again (at least significantly) prior to us defaulting.

There are many reasons for this:

1) keeping the rates at zero buys our government a few years of solvency

2) they plan on using inflation/currency devaluation as a weapon against mounting deficits. In fact they've recently started reneging on their 2% inflation Target.

3) they are using 0% rates to discretely steal from savers to recapitalize banks


4) they aren't willing to admit their ideology is incorrect

5) the deflationary collapse from the worlds credit bubble is of epic proportions. There is no fucking way they could raise rates without causing an extreme liquidity crisis that would purge all the bad debt from the system and create massive losses for the wealthy.


It will play out here very similar to the European situation. As our ability to pay our debts decreases, rates will increase. In Europe this is due to default risk, here it will be due to lack of confidence in the dollar. It will really surprise everyone how quickly this will accelerate once the collapse gets momentum. All we are waiting on is Europe

10/8/2011 10:03:51 AM

Cool story bro.

10/8/2011 10:21:53 AM

agreed, lots of important info shared.

10/9/2011 4:18:48 PM

Berlusconi Undersecretary Blames Stock Market Volatility On Cocaine

Quote :

"Carlo Giovanardi said the government will study if it’s feasible to conduct drug tests on stock- exchange traders, with the help of the Milan Bourse and the country’s market regulator. Giovanardi, who is in charge of family policy and drug prevention, said that the abuse of drugs including cocaine might explain part of recent stock volatility."

http://www.businessinsider.com/berlusconis-undersecretary-blames-stock-market-volatility-on-cocaine-2011-10

Case closed, folks.

10/10/2011 12:38:08 PM

I don't need to read the article to assert "Jesus Christ what a fucking dunce."

10/10/2011 12:44:35 PM

Anything to keep eyes off of the insolvent Italian banks and govt.

10/10/2011 2:37:02 PM

chances of an SPXU rally due to abysmal earnings?

10/11/2011 1:51:47 PM

Priceline.com

$500/share

WTF

10/12/2011 10:40:24 AM

I remember selling all of mine at 35!

10/12/2011 10:44:39 AM