Home › Forums › Financial Markets/Economics › OT: Time to jump back into the stock market…
- This topic has 21 replies, 7 voices, and was last updated 12 years, 3 months ago by
Coronita.
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AuthorPosts
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May 8, 2012 at 9:50 AM #19773May 8, 2012 at 9:51 AM #743255
an
ParticipantYay, go VXX :-D.
May 8, 2012 at 9:55 AM #743256Coronita
ParticipantGoing long on BRCM, QCOM, VLO, PM, and ARMH today…sometime today… Want ot see the indexes do a mini-reversal before that… Currently we’re flatlined at -45 for Nasdaq after tanking to -60+
May 8, 2012 at 10:03 AM #743258an
ParticipantGot some VXX and SOXS today. So we’re definitely on the oposite side of the table on this one. We’ll see how it falls out.
May 8, 2012 at 10:10 AM #743260Coronita
Participant[quote=AN]Got some VXX and SOXS today. So we’re definitely on the oposite side of the table on this one. We’ll see how it falls out.[/quote]
I have VXX too. I’m trying to play on the dead count bounce on the other stocks I listed. I’m not greedy, a buck or two here and there is all i want.
May 8, 2012 at 1:14 PM #743278The-Shoveler
ParticipantThere is just too much at stake IMO, there is no way they will permit a downturn to occur in the states at this point.
By all accounts the market should have tanked big big time, given the news from Europe, the fact that it bounced I think indicates the TPTB are making sure there can be no crash allowed in the U.S.A. as we are the last straw that would break the world economies back.
The BOA announcement was timed perfectly it is a very big deal as they are only 1 of the 5 major banks starting this (there will be hundreds of thousands of loans modified by 100K or more) mostly in hard hit stated like California and Nevada.
This is big, I think they reason that once housing is stabilized and begins to bounce, The U.S.A. can take the lead and get the world economy back on track (Europe will still have a lot of work to do) but it will not be so critical once the U.S. is hitting on all cylinders.I guess when there is too much to lose ….
May 8, 2012 at 1:19 PM #743279Coronita
Participant[quote=The-Shoveler]There is just too much at stake IMO, there is no way they will permit a downturn to occur in the states at this point.
By all accounts the market should have tanked big big time, given the news from Europe, the fact that it bounced I think indicates the TPTB are making sure there can be no crash allowed in the U.S.A. as we are the last straw that would break the world economies back.
The BOA announcement was timed perfectly it is a very big deal as they are only 1 of the 5 major banks starting this (there will be hundreds of thousands of loans modified by 100K or more) mostly in hard hit stated like California and Nevada.
This is big, I think they reason that once housing is stabilized and begins to bounce, The U.S.A. can take the lead and get the world economy back on track (Europe will still have a lot of work to do) but it will not be so critical once the U.S. is hitting on all cylinders.I guess when there is too much to lose ….[/quote]
I don’t need to worry about what happens in a month or two, I just need to worry what happens tomorrow or the next day.
I’m in at
BRCM at $33.60
QCOM at $61.80
VLO at $22
ARMH at $23With Nasdaq down almost -60 today, it closed down -11, so I’m hoping in the short term (this week) this downturn and massive selling that’s been going on for the past few days have subsided and we get a short bounce tomorrow+thursday…I’m selling QCOM tomorrow if it goes above $62.80, and likewise others if I can get my $1/share gain or so…
Who knows what will happen for the rest of the week, I’ll be watch what happens in Asia and Europe tonight…
May 8, 2012 at 1:23 PM #743280Coronita
Participantdelete
May 8, 2012 at 1:44 PM #743282poorgradstudent
ParticipantSell in May and go away?
May 8, 2012 at 10:57 PM #743326paramount
Participant[quote=The-Shoveler]There is just too much at stake IMO, there is no way they will permit a downturn to occur in the states at this point.
By all accounts the market should have tanked big big time, given the news from Europe, the fact that it bounced I think indicates the TPTB are making sure there can be no crash allowed in the U.S.A. as we are the last straw that would break the world economies back.
[/quote]It can’t be stopped, recessions occur regardless of monetary policy.
May 8, 2012 at 11:11 PM #743327Coronita
ParticipantTo coin a trite phrase…
“Its the EU, stupid”…..Greece specifically…Lol…
You think now that people are running into “safe” things, that rates might start moving up a little? Then again, I just finished signing my loan docs today, and funding is next week. So rates probably will plummet next week…Lol….
It’s all good…(Just fun and games until someone gets their eyes poked out.)
May 9, 2012 at 7:07 AM #743338outtamojo
ParticipantWow, fannie mae says it turned a profit -http://www.bloomberg.com/news/2012-05-09/fannie-mae-won-t-seek-aid-after-reporting-2-7-billion-profit.html?cmpid=yhoo
…”a drop in its inventory of owned properties …”
May 9, 2012 at 7:10 AM #743339fat_lazy_union
Participant[quote=outtamojo]Wow, fannie mae says it turned a profit -http://www.bloomberg.com/news/2012-05-09/fannie-mae-won-t-seek-aid-after-reporting-2-7-billion-profit.html?cmpid=yhoo
…”a drop in its inventory of owned properties …”[/quote]
I know crazy… I hope we a bounce by the end of today.
I picked up BP shares this morning at 38.90 and PM at 86.30
May 9, 2012 at 10:39 AM #743357outtamojo
ParticipantLocal company Sequenom seems to be getting traction
for its Down’s Syndrom test http://www.reuters.com/article/2012/05/09/sequenom-idUSL4E8G98Q920120509?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews&rpc=43May 9, 2012 at 10:55 AM #743361Coronita
ParticipantWell, looks like it happened.
nasdaq is +.28% at 1:52PM EDT… -
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