[ARCHIVED THREAD] - What stocks you buying? (Page 4 of 18)
| FAZ,ERY and TZA are on my list of goodies this week. I'll also add to BGZ and DUG if we continue to get weakness. the fly in the ointment for short positions is O and his band of merry men announcing their "fix" for the banking system. if they actually do come out with it this week we should get some kind of rally, so I'm keeping shorts on a tight leash. if it's not a knock your socks off, make your toes curl rallly, then I'm selling the News and will add to the shorts and gold stocks. if it is a huge rally, with lots of volume, i'll go long with FAS,TNA and ERX. that's the plan, we'll see how it works out. |
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 I have to rethink my entire plan for this week.
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suprise suprise O fixed the banking system, so glad to have sold faz fri. covering shorts, and watching to see if this rally holds. +1 bastages messed up my nice setup. As for the rally today, I'm overcome with Meh. |
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Well I jumped in the banking with Aig and C when it was down around the 9th, know I am debating when to sell. C is more stable than AIG so I am hoping it will spike again in the next week. I'm currious, what is your plan with C? what is your entry and exit strategy? |
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I sold ACM today for a small gain, have a sell in tomorrow for 1000 UYG at $3.10 and a buy in for 1000 UYG at $2.55.
UYG ranged 2.50 - 2.97 today, closing up .15 cents on a very strong close. I suspect there's a lot of funds still buying financials at the end of the quarter. I also think SKF is buy right now, but I'll see if it goes lower and maybe pick some up Thurs-Friday. |
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Well I jumped in the banking with Aig and C when it was down around the 9th, know I am debating when to sell. C is more stable than AIG so I am hoping it will spike again in the next week. I'm currious, what is your plan with C? what is your entry and exit strategy? Well I entered AIG at 33c so I figure my exit can be at any time while making a nice profit, The Citigroup was just over $1 I do not think either company is going to become anything like it once was but I will hold onto it, until either I figure tripling my investment is good enough or I can see a way in which they will rebound into an area where they once was. |
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I got into AA a couple of weeks back @ 6.20 Felt bad when it proceeded to sink to the low 5's. Been feeling pretty good about it these days now that it's 8+. How high will it go...?
PS...I'm a small time investor, like a kid in an Ameritrade store. Being in the metals industry AA made sense to me at the time I bought it. 
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I sold some RIMM and bought some more SDS today.
I sold 60% of my RIMM today, as I thought it would tank after hours. I was WRONG  , but I took precautions to take some off the table because it had been trading in a range and I did't envision the explosive move upwards.
However, I'll be liquidating the other 40% of my RIMM tomorrow (sell the news) and buy back in after a pull back. If it doesn't pull back, I won't chase it. I would steer clear of SKF and FAZ for a while. I think they're in for a long term decline as the financials move up and I think they are going a lot higher. |
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Look at what RIMM is doing after hours: http://finance.yahoo.com/q?s=RIMM
I expect it to open BIG and pull the rest of the market along for a bit, but taper off later in the morning as people take profits before the weekend. |
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I sold some RIMM and bought some more SDS today. I sold 60% of my RIMM today, as I thought it would tank after hours. I was WRONG , but I took precautions to take some off the table because it had been trading in a range and I did't envision the explosive move upwards.
However, I'll be liquidating the other 40% of my RIMM tomorrow (sell the news) and buy back in after a pull back. If it doesn't pull back, I won't chase it. I would steer clear of SKF and FAZ for a while. I think they're in for a long term decline as the financials move up and I think they are going a lot higher. Oh man, at least you've got position on. I'm all in cash for paying taxes and opening an account with TOS. I'm missing out, but there's always another day. Go get 'em! |
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I sold SDS and bought 1000 more of UYG yesterday at $2.83 and have another buy in at $2.65. Also have buys in on OII, MS, and PFE.
I want to get MS before their earnings next week, which I expect to be better than the market realizes, plus better forward looking sentiment. |
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04/09/09 3:52 PM EDT Buy 30 SDS Executed @ $67.5
04/09/09 3:51 PM EDT Sell 1000 UYG Executed @ $3.49 04/09/09 10:35 AM EDT Sell 1000 UYG Executed @ $3.2 04/09/09 9:37 AM EDT Sell 1000 UYG Executed @ $3.15 I had a great day. Everything I owned was green except my very small FAZ position which I should have unloaded two weeks ago. Two stocks I have that have started to run is OII and FTI. I couldn't figure out why until today's news on Fox: The U.S. appears to be ready to open drilling on both coasts. These two deep water oil services will play a major role in that activity. I unloaded 60% of my UYG and will let the rest ride through the financial earnings next week and then consider unloading more UYG and MS. GS earnings next week will tell the tale. I'll add some more SDS if the market is green on Monday. Jim |
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Anyone ever use derivatives to hedge their long or short positions? e.g. buying calls to protect a short or buying puts to protect a long  I did once, a few months ago. I was short a stock (EMC) so I bought 3 puts, but I followed the advice of an experiened options trader and bought 1 call option to hedge it. It made sense to me, because while sometimes I am right about the eventual direction of a stock, I seem to be king Midas in reverse when I actually pull the trigger. The stock ALWAYS moves against me and it becomes a psychological test to figure out whether to close out at a loss or hang on and wait for a reversal. The hedge really worked to ameliorate that stress. In this trade, the stock went up but because I had a hedge, my position's value never wen't very low, I think it went down $60 at most. I close the hedge out for a profit, and the main position just covered transaction costs before it turned against me and I had to close at a small loss. It was a net loss, but I think the technique worked quite well. I am going to do it from now on. |
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04/14/09 Bought 1000 of ETFC @ $1.92
04/14/09 Bought 1000 of UYG @ $3.59 I went against my discipline on ETFC, since it has run up a lot in the last week and I almost always wait for a pullback to buy in. That it ran up today in the face of most financials significant move downward suggests something else is in play with ETFC. |
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with waldo and others on the pullback. looks like bulls have become majority at risk. long term charts are ob.
sold fas pm. Bot faz on pb at 9.38, will add to faz and tza on confirmation of downtrend. stopped out of gold positions - fxe breaking down selling shippers in blocks. |
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Following FAS pattern of 11am-ish low followed by vertical movement through 3pm. Bought 200 @ 8.85 You're in a much better position than I. "They" are doing their best to shake me from my faz tree. it's all my 9 1/2 fingers, 10 toes, and prehensile tail can do to hold on. Hoping that the M that is forming on the 20 minute charts isn't a mirage. good hunting
JJ |