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December 9, 2008 at 2:02 PM in reply to: How high goes the rally on Obama infrastructure spending? #313828December 9, 2008 at 2:02 PM in reply to: How high goes the rally on Obama infrastructure spending? #313848
stockstradr
ParticipantMy instinct ALL DAY long today is I need to get out of my short index positions, with just a few percent net profit. I think this fool’s rally has more upside. We got anticipated approved of the automakers, plus we got anticipation of Obama’s big infrastructure spending plan.
December 9, 2008 at 2:02 PM in reply to: How high goes the rally on Obama infrastructure spending? #313919ParticipantMy instinct ALL DAY long today is I need to get out of my short index positions, with just a few percent net profit. I think this fool’s rally has more upside. We got anticipated approved of the automakers, plus we got anticipation of Obama’s big infrastructure spending plan.
December 9, 2008 at 1:00 PM in reply to: How high goes the rally on Obama infrastructure spending? #313385ParticipantMarket now showing some difficulty going above 900.
Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.
Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.
It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.
December 9, 2008 at 1:00 PM in reply to: How high goes the rally on Obama infrastructure spending? #313740ParticipantMarket now showing some difficulty going above 900.
Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.
Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.
It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.
December 9, 2008 at 1:00 PM in reply to: How high goes the rally on Obama infrastructure spending? #313772ParticipantMarket now showing some difficulty going above 900.
Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.
Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.
It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.
December 9, 2008 at 1:00 PM in reply to: How high goes the rally on Obama infrastructure spending? #313793ParticipantMarket now showing some difficulty going above 900.
Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.
Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.
It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.
December 9, 2008 at 1:00 PM in reply to: How high goes the rally on Obama infrastructure spending? #313864ParticipantMarket now showing some difficulty going above 900.
Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.
Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.
It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.
ParticipantToo early to start buying stocks? What about recently when the S&P500 bottomed at 750 during the week of Nov 20th?
I don’t mean to nitpick, but consider these points:
1) Just last week most oil stocks were at new lows with oil at $40/bbl. Trust me that oil stocks were then (and probably still are) a bargain. The oil stocks I bought then (7 days ago) are now up 15% on average, and some (like PBR) are up 20%.
Consider: 15% is a fine return for stocks in a retirement portfolio over a FULL YEAR, yet in THIS market I just showed you how easy to get that 15% in just seven days. There is money to be made, easy money. Some stocks are very worth buying NOW, and I don’t mean for a quick “pump and dump” ; I mean worthy to buy then HOLD for years to come.
2) Lot’s of GREAT stocks recently hit lows, particularly during the week of Nov 20th when the S&P500 bottomed at 750. I’m talking about stocks like Wells Fargo, which was about $22 on Nov 20th when I bought it. It is now just under $33.
How about Flextronics? I’m not saying that is a stellar CM (contract manufacturer) by any stretch, but what about at a price of $1.50 share during the week of NOv 20th? That day I bought ten grand at $1.60 and then dumped it a few days later for $2.10. I made over 20% on that in just three days. Yet that stock is now sitting at $2.40 (I should have kept it!)
So many bargains. I could go on and on. Honestly, some days it feels like shooting fish in a barrel. Too easy.
3) However, I do agree it is too early in this business cycle for anyone to just go buy random diversified stock funds (why would you do that anyway?), also too early to buy (and hold) the indexes.
Yet, don’t completely turn your back on this market. Pick through the bodies and the blood and you’ll find some real bargains!
Do you know what I did to my ROTH IRA since Oct 2007? I increased it by 82%. Absolutely no joke. I just audited all the trades in that account this weekend, to calculate my YTD net appreciation. However, I do admit that is the account in which I place all my options trades, so I used extreme risk and leverage to get that gain. That account also only contains only 25% of my total portfolio (and no way did I manage to pull 82% across my entire portfolio – dream on)
IMPORTANT: the above advice (to make quick money on speculative bets in this market) assumes that your $4K or $5K is a SMALL percentage of your overall retirement portfolio. If it isn’t then you should probably just put it in a money market fund.
ParticipantToo early to start buying stocks? What about recently when the S&P500 bottomed at 750 during the week of Nov 20th?
I don’t mean to nitpick, but consider these points:
1) Just last week most oil stocks were at new lows with oil at $40/bbl. Trust me that oil stocks were then (and probably still are) a bargain. The oil stocks I bought then (7 days ago) are now up 15% on average, and some (like PBR) are up 20%.
Consider: 15% is a fine return for stocks in a retirement portfolio over a FULL YEAR, yet in THIS market I just showed you how easy to get that 15% in just seven days. There is money to be made, easy money. Some stocks are very worth buying NOW, and I don’t mean for a quick “pump and dump” ; I mean worthy to buy then HOLD for years to come.
2) Lot’s of GREAT stocks recently hit lows, particularly during the week of Nov 20th when the S&P500 bottomed at 750. I’m talking about stocks like Wells Fargo, which was about $22 on Nov 20th when I bought it. It is now just under $33.
How about Flextronics? I’m not saying that is a stellar CM (contract manufacturer) by any stretch, but what about at a price of $1.50 share during the week of NOv 20th? That day I bought ten grand at $1.60 and then dumped it a few days later for $2.10. I made over 20% on that in just three days. Yet that stock is now sitting at $2.40 (I should have kept it!)
So many bargains. I could go on and on. Honestly, some days it feels like shooting fish in a barrel. Too easy.
3) However, I do agree it is too early in this business cycle for anyone to just go buy random diversified stock funds (why would you do that anyway?), also too early to buy (and hold) the indexes.
Yet, don’t completely turn your back on this market. Pick through the bodies and the blood and you’ll find some real bargains!
Do you know what I did to my ROTH IRA since Oct 2007? I increased it by 82%. Absolutely no joke. I just audited all the trades in that account this weekend, to calculate my YTD net appreciation. However, I do admit that is the account in which I place all my options trades, so I used extreme risk and leverage to get that gain. That account also only contains only 25% of my total portfolio (and no way did I manage to pull 82% across my entire portfolio – dream on)
IMPORTANT: the above advice (to make quick money on speculative bets in this market) assumes that your $4K or $5K is a SMALL percentage of your overall retirement portfolio. If it isn’t then you should probably just put it in a money market fund.
ParticipantToo early to start buying stocks? What about recently when the S&P500 bottomed at 750 during the week of Nov 20th?
I don’t mean to nitpick, but consider these points:
1) Just last week most oil stocks were at new lows with oil at $40/bbl. Trust me that oil stocks were then (and probably still are) a bargain. The oil stocks I bought then (7 days ago) are now up 15% on average, and some (like PBR) are up 20%.
Consider: 15% is a fine return for stocks in a retirement portfolio over a FULL YEAR, yet in THIS market I just showed you how easy to get that 15% in just seven days. There is money to be made, easy money. Some stocks are very worth buying NOW, and I don’t mean for a quick “pump and dump” ; I mean worthy to buy then HOLD for years to come.
2) Lot’s of GREAT stocks recently hit lows, particularly during the week of Nov 20th when the S&P500 bottomed at 750. I’m talking about stocks like Wells Fargo, which was about $22 on Nov 20th when I bought it. It is now just under $33.
How about Flextronics? I’m not saying that is a stellar CM (contract manufacturer) by any stretch, but what about at a price of $1.50 share during the week of NOv 20th? That day I bought ten grand at $1.60 and then dumped it a few days later for $2.10. I made over 20% on that in just three days. Yet that stock is now sitting at $2.40 (I should have kept it!)
So many bargains. I could go on and on. Honestly, some days it feels like shooting fish in a barrel. Too easy.
3) However, I do agree it is too early in this business cycle for anyone to just go buy random diversified stock funds (why would you do that anyway?), also too early to buy (and hold) the indexes.
Yet, don’t completely turn your back on this market. Pick through the bodies and the blood and you’ll find some real bargains!
Do you know what I did to my ROTH IRA since Oct 2007? I increased it by 82%. Absolutely no joke. I just audited all the trades in that account this weekend, to calculate my YTD net appreciation. However, I do admit that is the account in which I place all my options trades, so I used extreme risk and leverage to get that gain. That account also only contains only 25% of my total portfolio (and no way did I manage to pull 82% across my entire portfolio – dream on)
IMPORTANT: the above advice (to make quick money on speculative bets in this market) assumes that your $4K or $5K is a SMALL percentage of your overall retirement portfolio. If it isn’t then you should probably just put it in a money market fund.
ParticipantToo early to start buying stocks? What about recently when the S&P500 bottomed at 750 during the week of Nov 20th?
I don’t mean to nitpick, but consider these points:
1) Just last week most oil stocks were at new lows with oil at $40/bbl. Trust me that oil stocks were then (and probably still are) a bargain. The oil stocks I bought then (7 days ago) are now up 15% on average, and some (like PBR) are up 20%.
Consider: 15% is a fine return for stocks in a retirement portfolio over a FULL YEAR, yet in THIS market I just showed you how easy to get that 15% in just seven days. There is money to be made, easy money. Some stocks are very worth buying NOW, and I don’t mean for a quick “pump and dump” ; I mean worthy to buy then HOLD for years to come.
2) Lot’s of GREAT stocks recently hit lows, particularly during the week of Nov 20th when the S&P500 bottomed at 750. I’m talking about stocks like Wells Fargo, which was about $22 on Nov 20th when I bought it. It is now just under $33.
How about Flextronics? I’m not saying that is a stellar CM (contract manufacturer) by any stretch, but what about at a price of $1.50 share during the week of NOv 20th? That day I bought ten grand at $1.60 and then dumped it a few days later for $2.10. I made over 20% on that in just three days. Yet that stock is now sitting at $2.40 (I should have kept it!)
So many bargains. I could go on and on. Honestly, some days it feels like shooting fish in a barrel. Too easy.
3) However, I do agree it is too early in this business cycle for anyone to just go buy random diversified stock funds (why would you do that anyway?), also too early to buy (and hold) the indexes.
Yet, don’t completely turn your back on this market. Pick through the bodies and the blood and you’ll find some real bargains!
Do you know what I did to my ROTH IRA since Oct 2007? I increased it by 82%. Absolutely no joke. I just audited all the trades in that account this weekend, to calculate my YTD net appreciation. However, I do admit that is the account in which I place all my options trades, so I used extreme risk and leverage to get that gain. That account also only contains only 25% of my total portfolio (and no way did I manage to pull 82% across my entire portfolio – dream on)
IMPORTANT: the above advice (to make quick money on speculative bets in this market) assumes that your $4K or $5K is a SMALL percentage of your overall retirement portfolio. If it isn’t then you should probably just put it in a money market fund.
ParticipantToo early to start buying stocks? What about recently when the S&P500 bottomed at 750 during the week of Nov 20th?
I don’t mean to nitpick, but consider these points:
1) Just last week most oil stocks were at new lows with oil at $40/bbl. Trust me that oil stocks were then (and probably still are) a bargain. The oil stocks I bought then (7 days ago) are now up 15% on average, and some (like PBR) are up 20%.
Consider: 15% is a fine return for stocks in a retirement portfolio over a FULL YEAR, yet in THIS market I just showed you how easy to get that 15% in just seven days. There is money to be made, easy money. Some stocks are very worth buying NOW, and I don’t mean for a quick “pump and dump” ; I mean worthy to buy then HOLD for years to come.
2) Lot’s of GREAT stocks recently hit lows, particularly during the week of Nov 20th when the S&P500 bottomed at 750. I’m talking about stocks like Wells Fargo, which was about $22 on Nov 20th when I bought it. It is now just under $33.
How about Flextronics? I’m not saying that is a stellar CM (contract manufacturer) by any stretch, but what about at a price of $1.50 share during the week of NOv 20th? That day I bought ten grand at $1.60 and then dumped it a few days later for $2.10. I made over 20% on that in just three days. Yet that stock is now sitting at $2.40 (I should have kept it!)
So many bargains. I could go on and on. Honestly, some days it feels like shooting fish in a barrel. Too easy.
3) However, I do agree it is too early in this business cycle for anyone to just go buy random diversified stock funds (why would you do that anyway?), also too early to buy (and hold) the indexes.
Yet, don’t completely turn your back on this market. Pick through the bodies and the blood and you’ll find some real bargains!
Do you know what I did to my ROTH IRA since Oct 2007? I increased it by 82%. Absolutely no joke. I just audited all the trades in that account this weekend, to calculate my YTD net appreciation. However, I do admit that is the account in which I place all my options trades, so I used extreme risk and leverage to get that gain. That account also only contains only 25% of my total portfolio (and no way did I manage to pull 82% across my entire portfolio – dream on)
IMPORTANT: the above advice (to make quick money on speculative bets in this market) assumes that your $4K or $5K is a SMALL percentage of your overall retirement portfolio. If it isn’t then you should probably just put it in a money market fund.
December 8, 2008 at 7:34 PM in reply to: How high goes the rally on Obama infrastructure spending? #313098ParticipantSomehow, someway, I also have the instinct that this rally has *something* behind it that could push it above the 1,000 mark.
Thanks for educating me on the PPT! I had to go read up on what the hell that is, and feeling a bit foolish for not having known of its existence.
December 8, 2008 at 7:34 PM in reply to: How high goes the rally on Obama infrastructure spending? #313455ParticipantSomehow, someway, I also have the instinct that this rally has *something* behind it that could push it above the 1,000 mark.
Thanks for educating me on the PPT! I had to go read up on what the hell that is, and feeling a bit foolish for not having known of its existence.
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