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looks it's a double from you call. Missed that one.
still creeping up
to bad for gs
yep, that's what i'm looking at. Let's see.
F is running. Do you still own it ? Might jump in it
Diesel. AXA. GS: Conviction Sell List. 8 target.
Wahz. What does Lowreys say ?
should have resisted. Stopped out.
Couldnt resist. Bac in bac.
Im sill not inclined to activate my cash.And I dont know what to think of this market to be honest. Many stocks are up on low volume (cept for banks) Long on PMCS and AXA, but watching.
Sold to soon, if bac opens above 7.85, wonder what do do, looks like a trap to me. On the other hand, if they like the G-plan, it could explode.
thanks !
Diesel. Can you run your model on AXA ?
http://www.boursorama.com/forum/message.phtml?file=384499686
http://www.boursorama.com/forum/message.phtml?file=384499709
Back in cash now except for axa
sound it is. Do you speak french ? Boursorama.fr ... you can find it all there.
where are we going diesel ?
Yes it was
think it's time for profits
WAHZ. Let us know if you are still alive !
The chart above is an update of the Dow. We're nearing the top of the channel and moving average. When people ask should they buy or sell here, the answer is it depends on how invested you are. Which is why no one can really advise you. We're only 30% invested, with the goal of investing more into the indexes. If we were to sell any part of our holdings, it would only be tempting at 7800 or so. And in that case, we'd only be selling the portion of our shares which were bought at 6800. We're not focused on selling, but rather on continuing to accumulate shares for the long term. That is, until a new leading sector emerges. At that point, we'll shift from the indexes to the leaders of that sector. That shift could be a couple years away.
We have inside knowledge of the health of the high end real estate market. It is an excellent barometer of the health of the overall economy, and perhaps even a crystal ball. We find that after a two year lull, wealthy speculators are starting to buy land and build houses again. It may seem early, but these are people with close ties to the major brokerage houses in New York. Billionaire investors are scooping up land at firesale prices, and are beginning to revitalize the otherwise slumping local economy. This is the earliest sign that a major turn in the economy is brewing. It will likely be about a year before this spending trickles down into the pockets of the plumbers and electricians and such, but the turn is coming. Our guess is that 6500 will be the bottom. A return to 6500 should be seen as a great opportunity, as it will not be long before others realize that a major shift in the economy is just around the corner.
I just found out i'm addicted to the stock market. Should we start a group talking about our addiction ?.... naaaah Greed and fear. I had my share of it, this and last year. What a rollercoaster.
I have to be a lucky dog. Bought FRE at .70 weeks ago. Dont ask me why, I just did. I wanted to sell, at 45 (good move huh), because I got sick of waiting. But I forgot to sell, I just forgot. Gosh. Look where it is now. I fell of my chair. Now i'm even more nervous, with my gains.
c will be a 10 bagger is suppose. About time.
He's a dope, but a good entertainer. To bad people cant make a difference between both.
long BACready to sell, long PMCS, AXA, C (ready to sell) and that's it for now, I have substantial gains on all of them, so i'm feeling very nervous. Thing is, eg, i dont mind holding for a couple of years, I would hate to loose a 4 bagger.
pmcs on triple volume is going higher
The chart as of today looks compelling to me
PMCS has a nice uptrend channel.
to late for that one. Traded pmcs. Nice one going there. I have to admit. You call for a surge was one of a kind. I even started to doubt da cheif . Citi was ignition, let see how far this car will drive us.
Is X ready to turn ?
C
Thanks ! I know what you mean. I bought a shatload of shares. Already in the money.
BAC
Fundies great. I work at the company btw. They asked the board, to open the POSSIBILITY to do a capital injection with PREFERED stock.
Now, the board says we dont need, it, it's just in case of. I'm in as of the close on friday. Second time i buying it. First time was at 7.8, sold it at 30. We shall see.
Here at the Snotwheel Group, we're getting geared up to buy the indexes, but aren't pulling the trigger just yet. We're under water on the first layer of index ETF's we bought months ago, so we've been waiting for a washout move upon which to double or triple our current number of shares. Remember, as it goes lower, it becomes less and less expensive to double your shares. In a sense, a falling market gives you leverage, provided you're not fully invested.
We haven't pulled the trigger yet because we're still eyeing the channel, waiting for the market to reach a position where it will be as oversold as it's been at its worst times since the start of this global depression. The market's level of "oversold-ness" can be determined by how far below the moving average it is, on a percentage basis. For example, on 10-16-08, the Dow hit a low of 8,200 while the 100 day moving average was at 11,300. In other words, the Dow was 27.4% below the moving average. On 11-21-08, the Dow hit a low of 7,450 while the 100 day moving average was at 10,423. At that low, the Dow was 28.5% below the moving average. The chart above shows a 90 day moving average, just fyi. It does not matter what moving average you use for this calculation, as long as it's the same one for each comparison.
It's safe to say that when the Dow is 27% below its 100 day moving average, it's as oversold as it's been over the past couple years. Today, the 100 day moving average is at 8,360. For the Dow to be 27% below this, it would have to be 6,100. For it to be 28.5% below it, it would have to reach 5,977. Anyway, this gives us a rough idea of where we would be looking to buy. Of course, there's no guarantees it will reach that target, no guarantee that it will stop falling if it does reach it, and no guarantee it won't just go slowly sideways or lower from there. Nonetheless, as a long biased retirement fund, this is where we will focus our next layer of buying.
It should be noted that if anyone wants to engage in such "risky" activity, it would be a good idea to check such numbers against the S&P500 index, as the Dow is the worst performing index of late. We intend to buy SPY and/or SSO, not the Dow this time around, so we'll be checking the math on a chart of SPY accordingly.
If the market does not reach those lows, then we just stay put. There is no rush to buy at any point that does not represent a severely oversold condition. If the market rebounds early, the next oversold condition will not be at 6,000. It may be at 5,000 or 4,000. We are not interested in buying at 6,000 per se, but at 28% below the 100 day moving average, whatever the market's level may be at that time.
Tomorrow morning we will get the all-important jobs report. This will determine the direction of the market, and if it is negatively received, we could easily hit 6,000 by early next week. If the market continues to crash over the next few sessions, and you intend to buy, it's best to turn CNBC off and just focus on nothing but the market's level. The media will be overwhelmingly negative, and it will appear that the bottom is falling out of the market. There could be talks of runs on banks and such, along with many excuses as to why the market is falling. Truth is, it is only falling because people are selling. And people only sell for one reason... they think it's going lower and they don't want to lose money. It's a self-fulfilling prophecy. If you intend to buy, don't get caught up in the emotion. Just pull the trigger when it feels most scary to do so, and then just walk away.
diesel, what is you model saying on axa ?
On CNBC’s “Closing Bell” FM contributor Jon Najarian told Dylan Ratigan he sees a catalyst out there that could lift banks [XLF 6.328 -0.562 (-8.16%) ] as much as 100% - and as soon as next week.
The catalyst involves mark-to-market accounting; which has been blamed for forcing banks to record billions of dollars in writedowns.
According to Reuters, a U.S. House Financial Services subcommittee is expected to hold a hearing on mark-to-market accounting rules as soon as March 12. The SEC's chief accountant and the chairman of the Financial Accounting Standards Board, will be asked to testify, the report said.
DOW JONES INDU AVER...(.DJIA)
6644.86 -230.98 (-3.36%%)
Dow
looks like even da cheif is surprised about this slaughterhouse.
diesel.How do you play oil ? What's your entry?