Stock market tips and experiences

[turb0]

I'm playing fantasy stock market (competing with some friends)

What is the best stock (recommendation) to invest in right now if I'm trying to just get the most gains by the end of December?

[rallysport]

If people knew that don't you think everyone would be invested in it and getting rich?

[Dr. G]

Originally Posted by coldasicex5

anyone hear nething about AERN? got a friend telling me to invest in that asap

My cousin runs a company which promotes stocks and pumps them up in exchange for cash payments.

AERN is on his list of promotions.... so it's just being pumped by newsletters and all those "investment help" websites... don't fall for it.

[turb0]

Originally Posted by rallysport

If people knew that don't you think everyone would be invested in it and getting rich?

Hence why I said "recommendation". Obviously (or not), people with more skill in a subject, such as stocks, will give better advice than an amateur. Agree? And yes, people do/are getting rich everyday because of the skills they have in predicting stock trends.

[Vanity]

SPX sitting at 1285 currently. Personally, I'm looking for what happens between the 1305-1320 levels in following days. But we should be clearing 1300's now. That should pretty much be a given for now.

[mact3333]

Fake sell off imho...1250-60 good place to buy imho...we are going higher...1300's here we come .......if I see anything that says otherwise I will go to defcon 3 but not seeing it.....

[Vanity]

Originally Posted by mact3333

Fake sell off imho...1250-60 good place to buy imho...we are going higher...1300's here we come .......if I see anything that says otherwise I will go to defcon 3 but not seeing it.....

Bernanke set to seak tomorrow and Wednesday about possible bailout. I think markets pulled a fake today to hold pressure on bernanke to pump money into the system. He can't exactly introduce QE3 after a four hundred point rally, now can he? I'm agreeing with you on the push past 1300.

However, tomorrow we must be cautioned for what the Bernanke meeting will result in. 3/5 of the State Fed representatives do not want a bailout. But they are largely politically clouded by Republican campaign smears against the Fed. The two other representatives plus Bernanke himself are apolitical and shouldn't be affected. Bernanke holds final decision. Most likely, tomorrow will result in another "Bernanke Boost".

Even if he introduces no monetary easing tomorrow, his tendency to be transparent with current policies in place, and his take on the economy, should be enough. He might point to the strength of the markets right now. How 75% of the earnings coming out of Wall Street this past month have shattered analyst expectations. He might argue for how we are now in a Bull Market.

Then Italy, France, and Private investor stumbles for recapitalization of Eurobanks will drive us back down. Dance till the music stops.


EDIT: about 20 million volume traded at start of trading session that made us open 150 points down. Last five minutes of trading, another 20 million volume made us fall hundred points and close at -276 for the day on the DJIA. After hour trading, and 80 million volumes logged. This is the same thing that happened last week causing the 450 point rally up. Tomorrow will be a very big day. The big boys have a vested interest now. Very big movement happening tomorrow morning. Trade accordingly.

[Vanity]

Pull. Your. Fking. Money. Out. Now.

[Dr. G]

Originally Posted by Vanity

Pull. Your. Fking. Money. Out. Now.

So I see this right before I'm about to goto bed haha... time to open up google and see what's going on.

Might as well stay up until market open now.

[Vanity]

This is not a fake sell off. This is a full fledged selling across the board on all markets. We are not talking about an initial sell off causing the day to go red. I'm seeing huge waves of panic volume coming in to pull money out, all over the place. This is capitulation guys.

[stylinexpat]

-200 in pre-market

[Vanity]

So not sure if any of you guys got in on Pre-market dumping and shorting, but TVIX made 62% return in the first minute of trading.

FAZ returned 24% in first minute trading. Hope everyone didn't get too clobbered.

[mact3333]

1220 is key...needs to hold by end of day or bear prob back...if we close below 1214 very likely bear is back...short positions as hedge closed, all long positions closed...cash for now is king until we get clarity.

[BayMoWe335]

Sold winners to get to 70% cash with nice returns after the run and 30% long positions down some, but willing to hold until 2050 if I have to. Agree, cash is king for now.

[Vanity]

Originally Posted by Dr. G

So I see this right before I'm about to goto bed haha... time to open up google and see what's going on.

Might as well stay up until market open now.

Your welcome! Hope you managed to protect your portfolio a bit. I know a lot of people everywhere today got their faces ripped off. Be lucky you weren't in Europe.... Their index lost 5%+

EDIT: Papandreou calls for emergency cabinet meeting. Greek Parliament officials are saying his vote on the bailout is "basically dead" now. Markets chopped a bit higher on that news. I feel foolish to say we are now on firmer ground. Things will be decided in last minute of trading today. Will be looking for volume changes, that will show guidance for tomorrow.

One of two things might happen tomorrow. 1) Big Swing DOWN: Markets continue to drop in panic and uncertainty. Greece may be slightly resolved, but they may bring into question Italy now whom wasn't fully solved in the summit meeting.

2) Big Swing UP: Tomorrow Sarkozy and Merkel have summoned Papandreou to Cannes to get this Bailout deal "quickly implemented" before the summit talks coming up. This might, if it happens (which they better), bring up market confidence tomorrow. Fed 2-day meeting also ends tomorrow. Italy may be forgotten for a couple days.

We will be able to make a better guess when market closes.

[Vanity]

Vix fear index dropped from a high of 22-24% today and closed at the end of the day at 16%. This tells me confidence is up a bit. Here's a plus.

There was an approx. 30 million volume after hours. This is nothing as big as the 82 million logged in yesterday's after hours. This tells me the general public of retail investors is still very scared ATM. I speculate it's the pros who are invested ATM. This, alongside every bank stock and Bull ETF being up anywhere from 0.5-2% up in after hours, and I suspect there is a position being built ATM for a rally tomorrow. Here's a second plus.

Thirdly, we just suffered a 5.6% crash for the CAC 40, a 300 point drop for the DOW, and a setback of 35 for the SPX. realize this crash is not based on any tangible problems ATM. They are still speculative sells. Greek bailout should get fixed tomorrow and the markets will correct. There is huge sentiment to buy in on dirt cheap stocks ATM. This is another plus again.

Of all of this, I've just taken a big Long position for tomorrow in FAS. it's already risen 2% in after hour trading. It's fallen 22% for the course of today, so I'm expecting big upside tomorrow. Trade accordingly guys

P.S. always ready to dump and run if trouble looms.

[M3Bahn]

[Vanity]

Wondering how many of you took my long position advice for today. It's looking very profitable right now.

[Vanity]

DOW opened 30 points up and then took off to 160 levels.

Edit: exited out of my long positions now. Nice morning profit. Will be waiting for more direction in markets. Didn't like what I was seeing in the morning.

[mact3333]

1220 was the line in the sand yesterday...bullish above and bearish below...1220 held...enough said...mkts move on very short term basis on actual news but on int term and long term timeframe, has minimal input....if anything, charts tell you about the news before it is news.

Always have to think in 3 time frames and have a big picture of what is happening.

Greece causing all this volatility now....just imagine what Italy and Spain are going to do later...but the grand finally is when it hits the US...the first amendment will be tested ...

[NYCGP]

Thought I would let you all know what is going on with the recovered paper market as it tends to be a sign of how the upcoming holiday season's retailers and suppliers will do.

The most traded form of recovered paper is OCC #11 (cardboard). It has fallen off a cliff and lost about 30-40% (depending on the region) of its traded value from the month of September. The lowest grade of recovered paper Mixed Paper #2 lost almost 50% of it's export value.

This is all based on the Chinese flexing their muscles and attempting to correct the market in their favor. They have completely stopped purchasing US recycled paper and have no intentions of starting back up until they feel as if they have hurt the markets enough to get the prices they want.

Look for the Major Publicly traded Paper companies and Waste haulers to take a HUGE hit in the 4th qtr. On that same token, it also means companies like Georgia Pacific can purchase their mixed paper for next to nothing to turn into low grade products like toilet paper and disposal hand towels.

[infinitekidM2C]

Question for u wall street folks..when i was there wall street was mostly guard railed up...in certain parts of LA we have similar stuff but not nearly as much...is it always like that (post 911 obviously)?