Home › Forums › Financial Markets/Economics › Buy when there is OWS in the streets
- This topic has 10 replies, 4 voices, and was last updated 12 years, 8 months ago by desmond.
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November 17, 2011 at 6:48 AM #19298November 17, 2011 at 7:02 AM #733094CoronitaParticipant
I think there are a lot better “buys” than BAC right now. Bac has been range bound between 6-7 for the past few months…Absolutely no action there.
I’m taking my change on Valero (VLO) today @$22.62 …They dumped close to 10% yesterday, and I’m only looking for a 5-6% gain. Drill baby, drill…
December 19, 2011 at 8:48 AM #734804desmondParticipantNot that great a prediction on either BAC and VLO.
December 19, 2011 at 9:17 AM #734805CoronitaParticipant[quote=desmond]Not that great a prediction on either BAC and VLO.[/quote]
BAC is at $5.. VLO is $20… Bookmark this thread, and let’s talk again come Jan.
BAC ain’t going to move, and VLO will be back $23ish.
December 19, 2011 at 11:41 AM #734809patbParticipantBac could go to zero
December 19, 2011 at 12:36 PM #734813desmondParticipantFlu,
You could just admit you bought to early? I am now watching VLO and if it keeps dropping it seems it would be a good buy.December 19, 2011 at 1:13 PM #734814CoronitaParticipant[quote=desmond]Flu,
You could just admit you bought to early? I am now watching VLO and if it keeps dropping it seems it would be a good buy.[/quote]Not really. Maybe. Hard to tell… Because I don’t buy/sell just one or two times… I buy in chunks, with each leg down , buy more and when it goes up a bit, I sell a bit early, because I can’t time the absolute low or absolute high and I’m just happy if I can get a $1-2 gain each trade up or down.
So, bought another 1000 shares just now at $19.91. I don’t know exactly how much I’ll make or lose until I exit this stock when it breaks out of it’s trading range of yo-yoing up and down. I wouldn’t put a heavy long term buy or short on shit like this because it bounces up and down all the time. Great for bed, not so great for long term holds.And the other thing is I don’t need to be right all the time, just most of the time 🙂
http://piggington.com/investing_in_rim
Oh, what a difference 6 months makes…
and BP is just starting to make me money.. That I admit I was early…
December 19, 2011 at 1:14 PM #734815CoronitaParticipant[quote=patb]Bac could go to zero[/quote]
too big to fail… More like a 4:1 reverse split like Shitybank.
January 18, 2012 at 9:03 AM #736208CoronitaParticipant[quote=desmond]Flu,
You could just admit you bought to early? I am now watching VLO and if it keeps dropping it seems it would be a good buy.[/quote]Bump
Desmond,
VLO is 23 today. Hopefully you got in when it was around 20 month.
That’s 15% in 1 month. I was a little early so my average is about 21.00 with lows in20.05 and highs in the mid 22.7
They already reported earnings so looks like bad news was already factored in.January 18, 2012 at 10:15 PM #736323moneymakerParticipantI made my 10% on BAC and got out. Now I’m looking into exploring options. I think any large market cap stock that is “too big to fail” that is underpriced is almost always a good investment.Looking forward to BAC earnings report in the morning just for curiosity sake.
January 19, 2012 at 4:17 PM #736441desmondParticipantIn at a little over 20, the last couple of days of runnup I was wondering what you knew?
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