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I have a hard time listening to experts. Some say this, others that. I will hear their words but only to try and decode their agendas and choose the better path. Without a doubt, I have not yet mastered my approach and execution (NBG)! Lol
I have noticed that my original thoughts are closest to the best advice I could follow. Sometimes you just have to follow your gut - except when emotion is involved.
Before the markets open tomorrow, consider this quote from Warren Buffet:
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."
Now is a time to be as greedy as possible. Gather up shares in solid companies which others have dumped out of fear. Make the money they gave up. When the dust settles, you'll still have time to consider an oil play.
We get the bounce, but will it level off, or will the charts resemble more of a ball bouncing down a staircase. Interesting few weeks ahead.
Well, that's just wonderful
Do you have a link?
I understand that, but even still, though...
Everyone bouncing hard but NBG
No talk of the market sell off here, wow...telling
Holy crap...nice bounce here!
That's because I just decided to finally get back in this year! The last time I was in, 9/11 happened. Whatever, I'm in it to win it, now. Averaging down.
Lol, nobody messes with old guys. You'd be brushed off. Come'on... Lol
We all could use a little pick me up today!
It's only money, lol. Go catch a fish! Post some pics of the babes on the beach!
I thought about selling this morning and trying to buy lower, but that's probably a bad idea.
May go into the $0.40s...heavy bleeding
Me Chinese
Me play joke
Me put pee-pee in your Coke
New lows coming...when do we get the first bounce?
Gonna be a looong week
Like I said...full swing. Great bargains on the way. When do we see the first bounce?
Panic selling today. The crash continues!
Looks like panic selling is happening across the board.
Maybe a bounce tomorrow as some investors jump back in too early...followed by another plunge which will set-off a huge panic sell. Hope I'm wrong. Enjoy your fishing! Lol
Lol! No shit? smh
My money here oughta be parked on the sidelines with the rest. I don't feel so bad about my position in FIT, but NBG has put a slight limp in my swagger. Greece needs to get there crap together.
You're one of the great, old-world countries, Greece. Friggin' act like it!
Oh well, here's to hoping for better than expectations.
Like I said last week, the crash is in full swing now. It was just ramping up over the summer, and now it has a ways to go. I hope it's a strong correction and doesn't turn into a full on crash.
Ain't that grand? It's no surprise. The stock market is like the Phoenix. After a long period of vigor, it burns to the ground and then rises from the ashes to start anew.
It's still burning. I'll be surprised to see NBG go much lower, though. My guess is low volume and a flat week here, but I've been wrong before. We'll see soon enough.
Wise men speak because they have something to say.
Fools speak because they have to say something.
If he puts it out there, then he gets credit. So many trash talkers around here that you don't know who to take seriously. I can tell that he's no dummy, and I like confidence, but the arrogance sometimes puts me off and makes me question the nature of his posts. Nevertheless, if he's good - then so be it. It doesn't really matter to me other than having to see the bashing. On my beginner's level, there's money to be made on distressed stocks of companies such as this. At one point, I was definitely looking to stick around and wait for the big run, but even I know that this has turned into a swing trade stock...for the time being. When I first got involved in the market, I swore to be long only with all investments - patience. But I saw the writing on the wall all summer with this correction coming and decided I'm not ok with watching my investments slide and averaging down along the way. So, I'm learning about options and trading, but I'm still not interested in shorting. There's too much to lose on that end.
I will buy oil after the dust settles globally IF oil seems to be making a return. I will probably invest in futures, XOM, or whatever seems to offer the most at the time. Hell, if the market crashes hard enough, I'll just get into some no load index funds for a while. At this point I'm mostly a spectator.
All he has to do is to post a picture of his transactions here. I'd love to see each short and the ensuing profit - the paper trail, that is. Everybody likes a winner. Let's see that certificate of authenticity. I want to admire it...or at least be able to give credit to his stories here.
I'm not buying oil at all. I'm merely paying attention to it. It's another indicator. The opportunities which I am speaking of are across the board. Top notch companies in all sectors will be selling at a great discount as this sell off continues. I have very few plays right now, and am stacking money for the right entry point. I will be monitoring the best companies stocks which have taken the most unfair beatings. When the reversal occurs, they should rebound the quickest and with the best gains - so long as balance sheets are still healthy. I do not invest in fluff, but I do risk a small portion of my money on shooting stars and distressed companies. There is a lot of money to be made on the way down, too, but I'm not into options or shorting. I'm just waiting my turn. The world stage is set for chaos.
SDRL is still doing some drilling, but I got out at $11.35 at a $50 loss. I saw the writing on the wall. This may be a great play in the future, but I can't commit anything to it anytime soon...almost wish I had a short account. Maybe I'll get into options soon. I should be making money on the slide.
I just noticed it ten minutes ago. 40%?? Wow. That seems a little extreme. Time will tell. In any event, there are so many opportunities sprouting up around us right now, it shouldn't be hard to make money. Everything is going on sale. I think we make plenty of money on this correction and hopefully ride oil up at the beginning of next year...maybe spring at the latest.
I read it, lol! That's some self-interest focused writing there, IMO. What an ass. I think he has unrealistic hopes to flip everyone from common to preferred and help run up the play that he bet on. I think the upside potential is much better right here where we are.
Europe may find itself relying on success of Greece's Tsipras.
http://www.cnbc.com/2015/08/21/new-york-times-digital-in-a-twist-europe-may-find-itself-relying-on-success-of-alexis-tsipras-of-greece.html
Good call ahead of time. I called for $8 back when it was $10. Everyone had doubts it would go that low. I'm no expert, but it seemed the writing was on the wall. Back then, the "experts" we're calling for $20 oil by winter. Everyone said no way. Well, look where we're headed in mid-August. $20 oil this winter may be a strong possibility.
It's going even lower than $6.25. Chit's about to hit the fan hard...may be facing a global recession
I don't think we can expect anything but downside here for a while. Stack your money and get ready for discounted shares everywhere. The stock market is running a blue light special. Everything must go! Great opportunities are in the works.
I made a snap judgement on the snap elections. After reading several articles, it seems that he is making a very good move for Greece. I think we'll ultimately be ok here, but I won't buy any more shares until I can successfully play a few swings to gain back what I'm down. I think there is time for that, which will t me in at a better average.
I just took another look at the chart and do see a wide double bottom. Whether it is signaling a reversal or breakdown - I don't know. We've been on a major down trend. So, I'd be pleasantly surprised with a reversal.
The lack of heavy hitters has concerned me here for a while. I have only seen a few big buys since the HFT hit this stock back in July. Before that, the big dogs were playing this pretty regular. Now, the interest seems to have waned. When we see them come back in and lift the volume back to 30M/day, it'll be a good day for all of us. That probably won't happen until just before or after stress tests.
Flatlined
It looks like we're at the point where everyone who was going to sell has done so. The rest of us hold on and take our lashings. I'm glad they couldn't push it through. We need a good push north here - strong volume. I'd like to see the shorts have to cover next week. $0.90 would be a strong showing at this point. Monday should give us a good glimpse into the week ahead.
Lol, good! I saw the reversal at the end - surprised me on a Friday. I figured we'd be smashed even more once talk of the Dow's nosedive heated up. I'm still optimistic here. If I can play the volatility right, there's still plenty to be made. I think a few key swing trades will reset my position just right. There's plenty of time before we get any meaningful rise in pps.