OT: Time to jump back into the stock market…

[Coronita]

I’m probably going to be early on this, but I’m going to be starting to move a tiny tiny bit back into long positions…

Which means we should see a -1000 point correction tomorrow.

[an]

Yay, go VXX :-D.

[Coronita]

Going 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+

[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.

[Coronita]

[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.

[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 ….

[Coronita]

[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 $23

With 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…

[Coronita]

delete

[poorgradstudent]

Sell in May and go away?

[paramount]

[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.

[Coronita]

To 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.)

[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 …”

[fat_lazy_union]

[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

[outtamojo]

Local 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=43

[Coronita]

Well, looks like it happened.
nasdaq is +.28% at 1:52PM EDT…

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