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Time to make some chili this weekend!~
Heh heh sounds good :)
Hey Dave, just so you know, Yak will be picking you up, not sure of the date yet, for the South Beach, I-hub, Floridian party! Lol
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37877936
#3 for me is to watch the stock trade for a few days first to see if it is trending or just acting up. It's hard to not react for a few days, though. It's like a bass not reacting to buzz bait.
Some things I have finally mastered.
#1 Not trying to catch "falling knives"
#2 Selling and locking in profit rather than watching my stock fall back down and giving away all of my profit and then some.
#3 No matter how hot a stock is running I watch it trade for a couple of minutes before I buy at the very least.
#4 I rarely play pennies (OTC's or NYSE in the pennies) unless I can watch them and not at work
#5 Trying to buy more actual stocks and less options (the expirations and decay were killing me)
#6 Not trying to go against the trend LOL.
A good book to look into is "Technical Analysis Explained" by Martin J. Pring.
Just like anything else, it takes years to get good at it. 5-10 years from now, you'll be an old pro at it. One thing that is an excellent help is to be able to study and understand the charts. They aren't always 100% accurate but they certainly are a tremendous help in knowing when NOT to get into a stock. Right now, with the fins, based on the charts, I would be sitting out because the charts are tittering between either going back up or going down. But, there is a few other things that have me leaning towards the markets going down and that is the volume is too light for any big push up and I don't believe all the hype about the economy is recovering. However, as we have seen, none of that matters if the fed wants to step in and manipulate it. You're playing it smater right now than I am by jumping in and out. I'm actually long on FAZ and that just might come back to take a big bite out of my ass.
Sounds solid! You definitely have great stock trading skills. I"m getting much better at this. Helps when the market isn't in a death dive everyday to 6500 LOL. Of course someone tried to tell me to "sitout" until the market based and I didn't listen LOL.
Sounds good. I'm about to take out my SPNG that I got in at .02 I also have been accumulating CBAI from .0052-.0065 CBAI is a bio-gene tech company that is just starting to show signs of good growth. Funny thing is, I am playing the big board like I use to play the pennies and now taking long positions in the pennies.
Where the Big Money Is Betting Big
http://seekingalpha.com/article/137943-where-the-big-money-is-betting-big?source=article_sb_picks
The best part about biotech is the sky is the limit. This is one of the few sectors where a stock can go from pennies to $10 or $20 per share on a single announcement. Then, as it advances a key drug through different stages, they can run higher for a long time. Once a few discoveries are made and a few people strike it big, you can bet a lot more money will follow.
Yeah it's crazy...we should've dived below 8000 this week after that giant run since march 9th according to all logic but this thing just seems to want to keep on going. Actually thinking about waiting for BAC to base and buy some calls on it, where and when I dunno. Then throw the rest in one of those stocks/etf's I mentioned. If the bears keep running I'll look at SRS,SKF and FAZ. Have to wait and see. I'm working every day next week either at the fire dept or the radiology center so will be tough to trade (have to look in at lunch on monday LOL.
Well, the reversal is not completely confirmed but darn near it. Therefore, it is possible the fins turn back up. Here's the final indicators that we are waiting for to confirm the retracement.
Thanks. Watching for next week.
CNB
AIG
FAS
FAZ
PCX
LDK
SOLR
DXO
XOMA
and going to watch options for BAC and some others...Not sure which way this market is going to go who knows it may go between 8200 and 8500 all next week. We'll see, playing it day by day for sure.
WTG! Nice trade.
After watching the market closely this week (been at slow stations and have had the time) it seems that this market is almost bulletproof to the worst of the worst news and even when really superbad news hits it still doesn't tank it that hard...Doesn't mean it won't come soon but it just seems like this bullishness is wanting to continue or atleast take us sideways. Part of the reason I sold off my FAZ today for a profit. Sitting cash over the weekend :)
It just looks like it will go down, doesn't mean it will.
Cool tks. Almost bought at 1.17 up to 1.20 but you are probobly right also would worry holding a financial this weekend. Any quick ideas before 4pm LOL
avoid, shouldn't be much support until the .90's
excellent
and
shares bought at 3.00 on BAC now sell for 3X plus, all kins of opportunities, lots of great action this spring, not all doom and gloom that typically gets painted. Its what you make of it. Bio tech, Auto Mfg, Finance, Precious Metals, Services, Consumer Cyclical, ETF's, options, currencies, the whole nine yards, there's always some good in the bad and some bad in the good.
I bought and sold LEHMQ 3 times for profit all on the way up LOL!
thats the great thing about trading, you can always come back and play another day as long as profits arent' left laying around and get gobbled up..:)
good job dave, take it, can always come back later to the buffet.
Sold off my FAZ almost perfect today at 6$ now bargain shopping at EOD for next week LOL!
WASHINGTON (AP) -- Federal prosecutors and the FBI have been investigating possible illegal insider trading by two Securities and Exchange Commission enforcement attorneys who were in a position to receive sensitive information about agency probes of public companies.
The SEC's inspector general, David Kotz, found that the frequent stock trades over a two-year period by the pair raised suspicions of insider trading. Earlier this year, he referred the matter to the Fraud and Public Corruption Section of the U.S. attorney's office in Washington.
That office, together with the FBI, "is conducting an investigation of possible criminal and civil violations," Kotz told SEC Chairman Mary Schapiro in a memo dated March 3.
The memo and Kotz's report of his investigation were provided by the office of Sen. Charles Grassley, R-Iowa, who has been an active critic of the SEC's operations.
Kotz's report also found that the SEC "has essentially no compliance system in place to ensure that ... employees, with the tremendous amount of nonpublic information they have at their disposal, do not engage in insider trading themselves." The agency's disclosure and compliance requirements is based on the honor system and there is no way to determine whether an employee fails to report a transaction.
"We take seriously even the suggestion that any SEC employee would engage in insider trading," according to a statement from the agency. "We note that the (inspector general's) report neither accuses any SEC employee of insider trading nor concludes that any such conduct took place."
Still, the SEC has been taking "additional steps to enhance our protections against the potential for improper conduct ... (including) developing a new computer system to facilitate reporting and review of securities trading by all SEC personnel, hiring a chief compliance officer, and providing greater clarity of our rule governing the reporting of trades," the statement said.
The FBI investigation and Kotz's findings were first reported Thursday by CBS News. FBI spokesman Richard Kolko said the bureau would have no comment. Kotz declined to comment Friday.
The SEC enforcement attorneys, one male and one female, each earn more than $160,000 annually and had stock portfolios estimated to be worth more than that, according to Kotz's report. They often e-mailed each other about stocks and their trades, it said. The attorneys and the companies whose stock they were said to have traded weren't named.
For example, they both traded in the stock of a large financial company after being told by a colleague about investigations of the company, a violation of SEC rules, according to the report.
"SEC attorneys are supposed to spend their time trying to prosecute insider trading, not profit from it," Grassley said in a statement Friday. "The SEC needs a better system to deter misconduct and give the public confidence that this sort of thing isn't a systemic problem."
Two months before an SEC investigation of a large health care company was opened, according to Kotz's report, the female attorney sold all her shares in the company. She traded stocks 247 times between in 2006 and 2007, the report said.
Both attorneys "inexplicably" testified to investigators that they failed to see how sending e-mails to the male attorney's brother and sister-in-law from his SEC account could create the appearance that he was improperly sharing nonpublic information with someone outside the SEC, the report says.
The disclosure of Kotz's findings comes at a time when the SEC has been roiled by criticism over its failure to detect the massive pyramid scheme run by fallen money manager Bernard Madoff, despite red flags raised to its staff by outsiders over the course of a decade. Kotz has been investigating the SEC's failure to uncover the fraud by Madoff, a former chairman of the Nasdaq Stock Market who was a member of SEC advisory committees.
Schapiro, an Obama appointee who took over in January, has taken several actions intended to strengthen and speed the SEC's enforcement efforts, and to tighten internal management and processing of complaints and tips. She has "made it a priority to significantly improve the agency's ethics and compliance programs around employee stock ownership," the SEC statement said.
http://finance.yahoo.com/news/FBI-probes-possible-insider-apf-15260703.html?sec=topStories&pos=6&asset=&ccode=
CNB at LOD reload or avoid?
Sold off my FAZ at 6$ for profit :) Gotta take em when you can for all we know this market will head back up next week (so far has not made any sense why would it change now)
790 ships in Singapore harbor, economy down and it's going back up LOL! Oh well guess you gotta play the stock not the fundamentals. Good on ya though :)
DRYS is turning the corner.
She is trying to find an excuse for when they point out that alot of Democrats were in favor of waterboarding and other stuff, kinda like when the Dems were put on the spot for voting for the Iraq war. It's all such bullshit LOL!
GM dealers will not be getting renewed agreements
and
Chrysler is shutting down good money making dealer locations
putting earners out of work
whats fords next announcement and what the fuck was the bailout money for? We could have just save the money if was going to get shut down anyway. What a joke this Fed is.
NEW YORK – Maintenance workers scrubbed desks and door handles Friday in a swine flu outbreak that shut down three New York City public schools and left an assistant principal hospitalized in critical condition on a breathing tube.
Education Department spokeswoman Margie Feinberg said maintenance crews were thoroughly cleaning and disinfecting two middle schools and one elementary school in Queens where hundreds of students were sent home sick this week.
Mayor Michael Bloomberg announced the school closures Thursday evening, saying four students and the assistant principal at the Susan B. Anthony middle school in Hollis have documented cases of swine flu.
The mayor said the assistant principal, Mitch Wiener, may have had pre-existing health problems — but on Friday, Wiener's son Adam said his father had only suffered previously from gout, which he said was unrelated to his current condition. He said his 55-year-old father is now suffering from kidney failure, dehydration and a lung infection.
"I don't know where people got that," Adam Wiener, 23, said Friday morning as he prepared to return to the hospital where the family was keeping vigil.
"The only pre-existing condition he has is gout, which is unrelated to complications he's experienced now."
It isn't unusual for flu cases to ebb and surge as the virus moves through a population during flu season. The virus tends to disappear as the weather gets warmer and more humid.
Dr. Isaac Weisfuse, a deputy commissioner of the health department, said investigators are trying to learn more about why the disease has spread erratically.
Schools are a good incubator for illness in general, he said, because space is tight and youngsters often don't practice the best hygiene.
So far, the virus has not proved to be more infectious or deadly than the seasonal flu.
Adam Wiener said his father had been sick since at least last weekend with flu-like symptoms "but we didn't think anything of it." Then early Wednesday, he said, the family called 911 after his father began "hallucinating and wasn't coherent."
Wiener's case marks the most severe illness in the city since the city's first known cases of swine flu appeared in late April. At least five schools in the city were closed then, but all have since reopened. Officials say the students who have fallen ill in this latest surge of illness appear to be experiencing mild symptoms, similar to routine flu.
Bloomberg said the three schools — with more than 4,000 students altogether — would be closed for at least a week because "there are an unusually high level of flulike illnesses at those schools."
"There are documented cases of H1N1 flu at one of them," the mayor said, using the formal name for swine flu.
New York City's first outbreak occurred when hundreds of teenagers at a Roman Catholic high school in Queens began falling ill following the return of several students from vacations in Mexico, where the outbreak began.
An estimated 1,000 students, their relatives and staff at the St. Francis Preparatory School fell ill in a matter of days.
Additional sporadic cases continued to be diagnosed, but the symptoms were nearly all mild. The sick children recovered in short order and St. Francis reopened after being closed for a week.
The middle school with the confirmed cases is two miles from St. Francis.
People at the Susan B. Anthony school said students started going home sick on Tuesday and Wednesday, alarming parents.
"I'm worried," said Dino Dilchande, whose sixth-grade son goes to the school. "The city should have taken more precautions. We should have been notified earlier."
At the start of the flu outbreak in the United States, government health officials recommended that schools shut down for two weeks if there were students with swine flu. But when the virus turned out to be milder than initially feared, the Centers for Disease Control and Prevention dropped that advice but urged parents to keep children with flu symptoms home for a week.
CDC officials said schools may decide to close if there is a cluster that's affecting attendance and staffing.
Adam Wiener said his father has been mostly unconscious because of sedation since Wednesday evening, breathing with the help of a ventilator.
One of Wiener's 18-year-old twin sons, Jordan, said his father had been awake briefly and asked him about his leg, which he had injured playing baseball.
"He's always about his kids first," Jordan Wiener said Friday. "He was asking me how I was feeling and how my season's going."
___
Pelosi said: "The CIA lied"
well of course why wouldn't they?... they are professinal liars and get paid for it. Duh!
Yesterday I spent all day as acting Lieutenant chasing a lazy 40y/o around to work and this am to wash trucks, this morning I'm chasing a lazy 12y/o to unload and load the dishwasher (double duty her sister usually has the load the dishwasher job life is sooooo unfair) LOL! I"m becoming a nag heh heh. Why didn't you tell me this is what I was signing up for as a lieutenant pkripper????? heh heh (beats riding the whambulance anyday though)
OUCH!
I am still thinking its good for bounces - all the way down - lower lows - lower highs -
Once we see .01 - I am all IN! - and holding long!
LOL
I agree with you - "its only in times of complete hopelessness that awesome buys are achieved" - stock2windaily 2009 - LOL
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Posted by: teapeebubbles Date: Friday, May 15, 2009 12:36:58 AM
In reply to: teapeebubbles who wrote msg# 130402 Post # of 130403
I live in my own little world. But it's OK. They know me here.
LMAO! Posted by: Bag Holder No 672 Date: Thursday, April 16, 2009 12:27:36 AM
In reply to: guyredneck who wrote msg# 118949 Post # of 137445
you should check the connection between bbda and eeso.
Not meant as a bash, just looking to get the information to the poster.
I don't know if you saw this yet, but I just did....ughhh!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37839878
Yikes! Not good at all...or maybe they are trying to drive the stock price down even more, so they can get in at rock bottom prices! Lol...Oh what to do, what to do....the news is so corrupt, you never know what to believe anymore.
A trillion seconds ago is, 31688 years 269 days 17 hours 34 minutes 25 sec
BE careful if you are like me and flipping GM right now:
GM Now Sees Bankruptcy as ‘Probable,’ Henderson Says (Update4)
By Greg Miles and Katie Merx
May 14 (Bloomberg) -- General Motors Corp. Chief Executive Officer Fritz Henderson said bankruptcy is now probable as the biggest U.S. automaker races to beat a June 1 deadline to cut costs and debt to avoid it.
“It is probable” that GM will end up using the bankruptcy process, Henderson said today in a Bloomberg Television interview at the company’s headquarters in Detroit.
The comment went beyond Henderson’s May 11 assessment that resorting to court protection to reorganize was “more probable” than GM had previously thought. Henderson is signaling that GM recognizes that bankruptcy is inevitable, said Dennis Virag, president of Automotive Consulting Group Inc. in Ann Arbor, Michigan.
“They would prefer not to do it, and it would be best if they did not have to go through bankruptcy,” Virag said. “I just don’t see any way GM can successfully reorganize without it.”
GM’s bankruptcy filing, if it happens, will likely be in New York, notwithstanding opposition from officials in its home state of Michigan, said a person familiar with the matter who declined to be named.
Weil Gotshal & Manges LLP, a New York-based law firm that is GM’s longtime adviser, may already have more than 100 lawyers working on the automaker’s restructuring, and has been preparing a bankruptcy filing in case it’s needed, according to the person and another individual familiar with the matter.
500 Lawyers
Given the size of GM, a bankruptcy proceeding may demand more than 500 Weil lawyers, exceeding the number who worked on the bankruptcy of Enron Corp., the energy trader the collapsed in 2001, said Stephen Lubben, a professor at Seton Hall University School of Law in Newark, New Jersey.
GM’s tasks include shaving operating expenses and negotiating with bondholders and the United Auto Workers to shrink debt and union obligations by $44 billion. President Barack Obama’s automotive task force set the timetable to complete those tasks or have the company end up in court.
GM is offering bondholders 225 shares in a newly created entity for each $1,000 in principal. GM, stripped down to its best assets and less debt, would then execute a 1-for-100 reverse split of the stock.
Bondholders countered that proposal with a plan calling for GM to give them 58 percent of the equity in the reorganized company. Henderson said last week that the U.S. Treasury has indicated it “would not be supportive of shareholding in excess of 10 percent” for the bondholders.
90% Needed
Without support from 90 percent of the bondholders for the 225-share offer by May 26, GM has said it plans to file for bankruptcy by June 1.
Investors have been betting that GM’s equity value will be wiped out, with the shares tumbling 94 percent in the 12 months that ended yesterday. GM fell 6 cents, or 5 percent, to $1.15 at 4 p.m. in New York Stock Exchange composite trading.
GM’s comments on its bankruptcy prospects have been evolving since Henderson took over in March after the car task force asked CEO Rick Wagoner to step aside. Henderson used the “more probable” phrasing to reporters on March 30, while saying that court protection wasn’t GM’s preferred option.
Any trip through bankruptcy court must be fast, Henderson said today. It’s also important for GM to be able to make speedier decisions, he said.
To contact the reporters on this story: Greg Miles in Detroit at gmiles1@bloomberg.net; Katie Merx in Southfield, Michigan, at kmerx@bloomberg.net
It takes 41 000 years to count a Trillion Dollars
You gotta fuckin watch this!! Read the subtitles. rotflamo
http://www.facebook.com/ext/share.php?sid=91236471227&h=i8sSy&u=10_CV&ref=mf
Milwaukee 5 Florida 3, Milwaukee in 1st place national league central division.
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HMMM?...think about it.
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