New Ytest
Sign out
Bimmerpost
Login
BMW E39 5-Series Forum | 5Post.com
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read  
Go Back   BMW E39 5-Series Forum | 5Post.com > BIMMERPOST Universal Forums > Off-Topic Discussions Board

Post Reply
 
Thread Tools Search this Thread
      01-22-2008, 10:21 PM   #45
Expired
Fanatic
Expired's Avatar
United_States
94
Rep
175
Posts

 
Drives: N/A
Join Date: Sep 2007
Location: Houston, Tx

iTrader: (0)

Quote:
Originally Posted by cgnahc View Post
How about that! Only a 100+ points lower, not too bad. Beautiful fade from the gap down. 3/4 pt rate cut helped. Thanks, Uncle Ben.

Who MADE money today?
Dad, not as much as he should have though. I bet a lot of people had no idea why it gapped back up, until after the close..

Anyways, I hope you know how to sell short, because if all you know is to go long, you are in a world of hurt.
The government can only pull so many of their rabbits out of a hat, after they are all out the stock market is going to drop like a rock. Stocks aren't meant to go up forever and with all of these cuts, they are just going to make the correction even heavier.

I start trading again tomorrow.
It's kind of hard for me because I have school from 9:30-1:30 every day...

-Nathan
__________________
People only know what you tell them.Only in ROFL Copter.
Appreciate 0
      01-23-2008, 02:54 AM   #46
BMWCali
Expect the Unusual
BMWCali's Avatar
United_States
248
Rep
1,344
Posts

 
Drives: 2018 X6M
Join Date: Jun 2007
Location: U.S.A.

iTrader: (1)

Quote:
Originally Posted by cgnahc View Post
How about that! Only a 100+ points lower, not too bad. Beautiful fade from the gap down. 3/4 pt rate cut helped. Thanks, Uncle Ben.

Who MADE money today?
It's probably going to get worse before it gets better. What happened to the international markets?
Appreciate 0
      01-23-2008, 03:04 AM   #47
sinnet112
Major
United_States
30
Rep
1,118
Posts

 
Drives: 2009 E89 Z4
Join Date: Dec 2006
Location: NJ

iTrader: (1)

Garage List
Learn to go short or go long on the Ultrashort ETFs
__________________


Z4 sdrive30i | Deep Sea Blue | Ivory White Nappa Extended Leather | ZSP
Appreciate 0
      01-23-2008, 03:40 AM   #48
O-cha
Brigadier General
O-cha's Avatar
211
Rep
4,726
Posts

 
Drives: Mcoupe
Join Date: Oct 2007
Location: In front of you

iTrader: (2)

Quote:
Originally Posted by Expired View Post
Stocks aren't meant to go up forever
Yes they are and they always will. It will drop sure, but it will go back up, maybe not tomorrow but eventually. Unless that's what you meant.
__________________
Appreciate 0
      01-23-2008, 04:21 AM   #49
mpimping
Banned
South Korea
803
Rep
336
Posts

 
Drives: gti
Join Date: Sep 2006
Location: ny,ny

iTrader: (0)

mortgage rates down a 1/4 point...
Appreciate 0
      01-23-2008, 05:07 AM   #50
Chunga
Captain
Chunga's Avatar
Denmark
37
Rep
903
Posts

 
Drives: E90 black saphire 2008
Join Date: Nov 2007
Location: Denmark, sealand

iTrader: (0)

Quote:
Originally Posted by BMWCali View Post
It's probably going to get worse before it gets better. What happened to the international markets?

International is down as well. But US hit bottom and i just got news that the USD will og down as well 2 - 3 weeks more. The help from FED will not last more then a couble of weeks. They have to do it again and this will end up in 3,25pct - not good for you boys.

Good for our export marked in Europe.
Big change is that many Chinese manufactors now demands to get their money in Euro instead of USD. Thay have been loosing money over short terms. From order to delevery the USD eats up their profit. (i had 3 calls this morning concerning this matter)
Dow Jones and Nasdaq went down. C20 ended up in +.
But you cant trust that - it will properly go down again. The emergency brake FED did will not last and will for sure have negative influence on other markets.
Average i lost 20USD on each share in US companies yesterday. So.... sell, sell, sell, sell....
__________________
Appreciate 0
      01-23-2008, 02:10 PM   #51
Expired
Fanatic
Expired's Avatar
United_States
94
Rep
175
Posts

 
Drives: N/A
Join Date: Sep 2007
Location: Houston, Tx

iTrader: (0)

Quote:
Originally Posted by Chunga View Post
International is down as well. But US hit bottom and i just got news that the USD will og down as well 2 - 3 weeks more. The help from FED will not last more then a couble of weeks. They have to do it again and this will end up in 3,25pct - not good for you boys.

Good for our export marked in Europe.
Big change is that many Chinese manufactors now demands to get their money in Euro instead of USD. Thay have been loosing money over short terms. From order to delevery the USD eats up their profit. (i had 3 calls this morning concerning this matter)
Dow Jones and Nasdaq went down. C20 ended up in +.
But you cant trust that - it will properly go down again. The emergency brake FED did will not last and will for sure have negative influence on other markets.
Average i lost 20USD on each share in US companies yesterday. So.... sell, sell, sell, sell....
Funny because the Chinese dollar is in a world of trouble just like ours..
Like us, they also don't have any 'real' currency such as gold to back it up.

Me and my dad we're talking about this last night.. It doesn't matter what they have the currency in, when the U.S. and other major countries currency drops in value, it will drag everyone else down with them.

-Nathan
__________________
People only know what you tell them.Only in ROFL Copter.
Appreciate 0
      01-23-2008, 02:22 PM   #52
ironjw
Major
ironjw's Avatar
United_States
32
Rep
1,417
Posts

 
Drives: 2007 335i
Join Date: Apr 2007
Location: 818

iTrader: (0)

Garage List
2007 335i  [0.00]
market is going down hill in the next 6 to 8 months...
Appreciate 0
      01-23-2008, 02:41 PM   #53
scottwww
Brigadier General
scottwww's Avatar
United_States
529
Rep
4,760
Posts

 
Drives: 07 BMW 335i, 15 Infiniti Q60S
Join Date: Dec 2006
Location: USA

iTrader: (0)

Quote:
Originally Posted by Expired View Post
Funny because the Chinese dollar is in a world of trouble just like ours..
Like us, they also don't have any 'real' currency such as gold to back it up.

Me and my dad we're talking about this last night.. It doesn't matter what they have the currency in, when the U.S. and other major countries currency drops in value, it will drag everyone else down with them.

-Nathan
Isn't the Chinese Yuan still price locked to the dollar by the Chinese? We've been saying for awhile that the Chinese need to let their currently float rather than lock it to the dollar. I think this is part of the cause for the drop in the dollar over time.
__________________
2007 BMW 335i E92, Montego Blue on Cream Beige, MT, ZSP, ZPP, CA, PDC, CWP and Style 188 for winter
Appreciate 0
      01-23-2008, 02:50 PM   #54
iatacs19
Major General
iatacs19's Avatar
United_States
450
Rep
5,319
Posts

 
Drives: 2016 SO M4
Join Date: Sep 2006
Location: Washington, DC

iTrader: (8)

AAPL took a nice dump
__________________
Appreciate 0
      01-23-2008, 05:35 PM   #55
Chunga
Captain
Chunga's Avatar
Denmark
37
Rep
903
Posts

 
Drives: E90 black saphire 2008
Join Date: Nov 2007
Location: Denmark, sealand

iTrader: (0)

Yes - its locked to doller. Thats why they will have their payment in Euro when they sell to Europa now. But the party was short. We got our items cheaper and cheaper from China but then they startet to increase prices.
The dollor got to low.
__________________
Appreciate 0
      01-23-2008, 05:49 PM   #56
cgnahc
Major
cgnahc's Avatar
United_States
82
Rep
1,263
Posts

 
Drives: TiAg E90 ZSP
Join Date: Dec 2006
Location: Westlake Village, CA

iTrader: (9)

Well...Wed, Day Two. Weee Dogie... Market was hurting most of the morning then powered up higher 200+ pts. Looks like the funds, MBA crew crunched the numbers and gave the green light. Nice little 500 pt turn.

check that, just above 600 pt range...bet there was some short squeeze in there. Wonder how the internationals faired?
__________________
Need someone to install angle eye bulbs December 2018
Appreciate 0
      01-23-2008, 05:57 PM   #57
cgnahc
Major
cgnahc's Avatar
United_States
82
Rep
1,263
Posts

 
Drives: TiAg E90 ZSP
Join Date: Dec 2006
Location: Westlake Village, CA

iTrader: (9)

Quote:
Originally Posted by Expired View Post
Dad, not as much as he should have though. I bet a lot of people had no idea why it gapped back up, until after the close..

Anyways, I hope you know how to sell short, because if all you know is to go long, you are in a world of hurt.
The government can only pull so many of their rabbits out of a hat, after they are all out the stock market is going to drop like a rock. Stocks aren't meant to go up forever and with all of these cuts, they are just going to make the correction even heavier.

I start trading again tomorrow.
It's kind of hard for me because I have school from 9:30-1:30 every day...

-Nathan
I'm a pro trader, short or long no problem, and write for a financial website... Actually, the Tues. position was to fade the gap...long. Trading don't care how old you are or size acct. you have. Keep at it. In fact, focus on trading the first 60-90 min. That will be enough.
__________________
Need someone to install angle eye bulbs December 2018
Appreciate 0
      01-23-2008, 06:03 PM   #58
cgnahc
Major
cgnahc's Avatar
United_States
82
Rep
1,263
Posts

 
Drives: TiAg E90 ZSP
Join Date: Dec 2006
Location: Westlake Village, CA

iTrader: (9)

Quote:
Originally Posted by sinnet112 View Post
Learn to go short or go long on the Ultrashort ETFs
Note most all Ultras can only long.

For others, Ultras are Exchange Traded Funds that trades higher when the underlying sector moves lower...such that they have an inverse relationship, and some have a 2x or 200% inverse relationship (some are 200% of the underlying sector, almost like a free margin of 2x your account). These are good to buy in descending trends in qualified only accounts, such as IRAs...where you can only buy or go long in these accounts.
__________________
Need someone to install angle eye bulbs December 2018
Appreciate 0
      01-23-2008, 06:05 PM   #59
BMWCali
Expect the Unusual
BMWCali's Avatar
United_States
248
Rep
1,344
Posts

 
Drives: 2018 X6M
Join Date: Jun 2007
Location: U.S.A.

iTrader: (1)

Quote:
Originally Posted by iatacs19 View Post
AAPL took a nice dump
I bought it at $38/share. I rode it all the way up to $202/share. Now I'm riding it all the way down and hopefully all the way back up to $300/share.

Just in the past two days alone I'm down $2,400. I sure hope AAPL and DELL pick back up again.
Appreciate 0
      01-23-2008, 06:09 PM   #60
mpimping
Banned
South Korea
803
Rep
336
Posts

 
Drives: gti
Join Date: Sep 2006
Location: ny,ny

iTrader: (0)

Quote:
Originally Posted by cgnahc View Post
I'm a pro trader, short or long no problem, and write for a financial website... Actually, the Tues. position was to fade the gap...long. Trading don't care how old you are or size acct. you have. Keep at it. In fact, focus on trading the first 60-90 min. That will be enough.
what do you think is gng to happen with treasuries tomorrow?
Appreciate 0
      01-23-2008, 06:27 PM   #61
FirstClass
Brigadier General
41
Rep
3,200
Posts

 
Drives: 328xi
Join Date: Oct 2006
Location: Pittsburgh, PA

iTrader: (0)

Quote:
Originally Posted by O-cha View Post
Yes they are and they always will. It will drop sure, but it will go back up, maybe not tomorrow but eventually. Unless that's what you meant.
+1
Long haul they always go up. Short haul it's all over the place. Economic cycles are unavoidable and the sign of a healthy market.
__________________
328xi Coupe, Montego Blue on Black with Alum, Step, Sport, Premium, CA, PDC, Cold Weather (Damn Pennsylvania winters)
Current Mods: Heavy right foot - Planned Mods: Lightweight right foot

Quote:
Originally Posted by jh valley View Post
shit, if i had that kind of money id buy a gtstreet for monday, an ascari a10 for tuesday, a DBS for wednesday and id just ride jessica alba the rest of the week.
Appreciate 0
      01-23-2008, 07:27 PM   #62
OC Guy
General
OC Guy's Avatar
United_States
516
Rep
18,123
Posts

 
Drives: AW 335D E90
Join Date: Oct 2006
Location: Irvine/Aliso Viejo, CA

iTrader: (9)

Garage List
2007 335i  [0.00]
Quote:
Originally Posted by BMWCali View Post
I bought it at $38/share. I rode it all the way up to $202/share. Now I'm riding it all the way down and hopefully all the way back up to $300/share.

Just in the past two days alone I'm down $2,400. I sure hope AAPL and DELL pick back up again.
If they drop a bit more I might buy AAPL big.
__________________

Current: 2010 Alpine White 335D LCI l 19" BBS LMs l KW V2 Coilovers l BMW Performance Grilles l MSport Front/Rear l Karbonwerke Trunk l F1 Pinnacle Tint 35% Former: E92 Space Grey 335i Latest pics
Appreciate 0
      01-23-2008, 07:31 PM   #63
ArmyBimmerDude
Major General
ArmyBimmerDude's Avatar
United_States
149
Rep
5,501
Posts

 
Drives: Lola
Join Date: Nov 2006
Location: Georgia

iTrader: (3)

Garage List
Quote:
Originally Posted by OC 335i View Post
If they drop a bit more I might buy AAPL big.
+1
__________________
2007 E92 Montego Blue 335i
Appreciate 0
      01-24-2008, 12:29 AM   #64
Expired
Fanatic
Expired's Avatar
United_States
94
Rep
175
Posts

 
Drives: N/A
Join Date: Sep 2007
Location: Houston, Tx

iTrader: (0)

Quote:
Originally Posted by cgnahc View Post
I'm a pro trader, short or long no problem, and write for a financial website... Actually, the Tues. position was to fade the gap...long. Trading don't care how old you are or size acct. you have. Keep at it. In fact, focus on trading the first 60-90 min. That will be enough.
Unfortunately for me I am taking my shower for school during the open or else I would be, and even then I hate waking up early. +I procrastinate. I'm going to have to punch myself daily until I get back into the groove of trading every day.

-Nathan
__________________
People only know what you tell them.Only in ROFL Copter.
Appreciate 0
      01-24-2008, 02:07 AM   #65
sinnet112
Major
United_States
30
Rep
1,118
Posts

 
Drives: 2009 E89 Z4
Join Date: Dec 2006
Location: NJ

iTrader: (1)

Garage List
Quote:
Originally Posted by cgnahc View Post
Note most all Ultras can only long.

For others, Ultras are Exchange Traded Funds that trades higher when the underlying sector moves lower...such that they have an inverse relationship, and some have a 2x or 200% inverse relationship (some are 200% of the underlying sector, almost like a free margin of 2x your account). These are good to buy in descending trends in qualified only accounts, such as IRAs...where you can only buy or go long in these accounts.
Yep, I currently have QID and EEV in my portfolio. QID has a 200% inverse relationship with the Nasdaq. Everything was going well today until 2 o'clock or so rolled around and everything went downhill from there.

No matter, the recession isn't over yet, nor have we hit bottom.

What financial website do you write for?
__________________


Z4 sdrive30i | Deep Sea Blue | Ivory White Nappa Extended Leather | ZSP
Appreciate 0
      01-24-2008, 02:15 PM   #66
O-cha
Brigadier General
O-cha's Avatar
211
Rep
4,726
Posts

 
Drives: Mcoupe
Join Date: Oct 2007
Location: In front of you

iTrader: (2)

Artificial or not, up it goes.
__________________
Appreciate 0
Post Reply

Bookmarks

Tags
all these tags are gay, angelin=17y/o kid, angelin=trollposter, angelinisrich08=poor, angelinisrich=fullofshit, dummies for stocks, ferrari335fi is not smart, ferrari335fi is poor, greek uses monopoly money, greek335 = fuckin moron, greek335 is full of shit, listen2persian=bankrupt, persian bangs men, persian faps to bav

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:36 PM.




5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2023, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST