posted
Pcola On Wx i was just watching it, i didnt get in. It was at 4.35 when i posted but went down to 4.10. I as off work today and was paper trading with play money when i saw this.I'm still in the study mode Thanks for the tip
Posts: 316 | Registered: Jun 2006
| IP: Logged |
posted
Cool, good luck. And keep posting your thoughts, I'm always looking for other ideas/stocks to check out.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
moremula I saw you post about WX...this am I was able to grab it for 4.03 and sold at 5.23...to more than cover my cost..there is probaly still more to gain...and I am now riding free shares... Good call...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by 10of13: moremula I saw you post about WX...this am I was able to grab it for 4.03 and sold at 5.23...to more than cover my cost..there is probaly still more to gain...and I am now riding free shares... Good call...
nice!
Nice to see you 10
riding PMI myself last few days. Watching RHD to reset for another go and a few others. Cheers!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Wow nice play! I didn't even watch it today.
quote:Originally posted by 10of13: moremula I saw you post about WX...this am I was able to grab it for 4.03 and sold at 5.23...to more than cover my cost..there is probaly still more to gain...and I am now riding free shares... Good call...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
I've been trading FAS again today. When I get a strong feeling on general market direction, I go into FAS pretty heavily. So far it's gone well for me, but it moves fast. I just went to talk to my wife for like 2 minutes and it dropped from almost $26 to under $24.50 while I was gone. Thta sucked...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Hey Boo...Thanks..., Hope everyone and their families are doing well...I read often...just don't post much... Love the thread PC...some great calls by everyone... Happy Holidays...and Good luck to all!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
Hey! My money settled faster than I thought it would, and so since I lost most of my initial investment, I decided to be stupid and throw some money into penny stocks for a quick flip. So I just ended up walking away with a 33% gain, which puts me close to back where I started. I also just got my paycheck today and put $150 more into my account. So.. Starting next week, I'm back in Posts: 23 | From: Coral Springs, Florida | Registered: Oct 2008
| IP: Logged |
quote:Originally posted by Brietoe: Hey! My money settled faster than I thought it would, and so since I lost most of my initial investment, I decided to be stupid and throw some money into penny stocks for a quick flip. So I just ended up walking away with a 33% gain, which puts me close to back where I started. I also just got my paycheck today and put $150 more into my account. So.. Starting next week, I'm back in
quote:Originally posted by Brietoe: Hey! My money settled faster than I thought it would, and so since I lost most of my initial investment, I decided to be stupid and throw some money into penny stocks for a quick flip. So I just ended up walking away with a 33% gain, which puts me close to back where I started. I also just got my paycheck today and put $150 more into my account. So.. Starting next week, I'm back in
Hey bro!.....My advice would be to stay away from penny stocks and focus on Big Board stocks. Right now you are in a once and a life time situation. We are in a tough finacial crisis and the market will probably make a bottom with in the next year..mabey even soon! You will have tons of opportunities to make several hundred percent gain trades, and with less stress and hassle with trading penny stocks. Hell with the new 3x ETF's....you can just switch back and forth with those, if you like taking risks like penny stocks.
There should be some type of rally when obama gets elected and starts with his economic plans...plus hedge funds and mutual funds will start to finish up all their selling!
Posts: 2321 | Registered: Aug 2006
| IP: Logged |
posted
Brietoe, search investopedia,com for your questions. They could be a good resource for you as a new trader.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Oh, as for my trading, I am probably loading up on FAZ and/or BGZ today. I thikn we get to 8900-9000 and then pull back to the low 8000s in the next few days.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
No need to be sorry, just giving you a heads up on a place to check first. They'll give more detail than most of us would.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by Brietoe: Sorry to sound dumb, but whats "3x ETF"
don't feel dumb Brietoe...I have no clue what they are either... Just took a quick glance and they do look interesting... I've been "playing" with GLW, C, and FNM over the past couple of weeks and with not too much risk have done fairly well...pick a few stocks and keep watching...pinks and pennies right now aren't doing as well as the big board stocks...and the big board stocks WILL come back...with the pinks and the pennies...ya never know...keep trying to learn...we all do...with each trade...good luck...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
oh wow, those look really interesting, and their new too. If I get in, I'll wait it out a bit.. See if it bottoms out more. Thanks for the new piece of info Posts: 23 | From: Coral Springs, Florida | Registered: Oct 2008
| IP: Logged |
quote:Originally posted by Brietoe: oh wow, those look really interesting, and their new too. If I get in, I'll wait it out a bit.. See if it bottoms out more. Thanks for the new piece of info
An ETF means Exhcange traded fund. It's similar to mutal funds cause it's diversitfied, and it's like a stock cause you can daytrade or sell it when ever you want just like a stock.
For example, if you want to play oil when it starts to go up again, you can buy an oil ETF. This saves the trouble of going through every oil companies stock, or buying the oil futures.
Also they always come in pair...a bullish one and a bearish one. Like a bullish OIL ETF, and a Bearish oil ETF. So you can buy the bullish on the way up, then sell it and buy the bearish on the way down.
This way you never stop making money.
There has always been ETF's that track the major indices and sectors, than a couple years ago they came out with 2x ETF's which mean 2x leverage. So it would move twice as high with the Bullish ETF, or twice as low with the bearish ETF. Now just recently they came out with 3x ETF'S which means you can make even better gains.
quote:Originally posted by PCola77: Oh, as for my trading, I am probably loading up on FAZ and/or BGZ today. I thikn we get to 8900-9000 and then pull back to the low 8000s in the next few days.
I think we hit at least 9500 before a retrace.
Posts: 4381 | From: houston | Registered: Mar 2006
| IP: Logged |
posted
I don't think we get that high. I'm loaded up pretty big in my trading account and IRA with FAZ at 38.15 average. You may be right, and like I said, I may be early, but I definitely think we're back a lot lower in a week or two, and I'm fine holding that long if necessary.
quote:Originally posted by invester:
quote:Originally posted by PCola77: Oh, as for my trading, I am probably loading up on FAZ and/or BGZ today. I thikn we get to 8900-9000 and then pull back to the low 8000s in the next few days.
I think we hit at least 9500 before a retrace.
[ December 08, 2008, 14:11: Message edited by: Bob Frey ]
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
By the way, you've neglected to mention that you could LOSE money 3 times as quickly, not just MAKE it
quote:Originally posted by Ace of Spades:
quote:Originally posted by Brietoe: oh wow, those look really interesting, and their new too. If I get in, I'll wait it out a bit.. See if it bottoms out more. Thanks for the new piece of info
An ETF means Exhcange traded fund. It's similar to mutal funds cause it's diversitfied, and it's like a stock cause you can daytrade or sell it when ever you want just like a stock.
For example, if you want to play oil when it starts to go up again, you can buy an oil ETF. This saves the trouble of going through every oil companies stock, or buying the oil futures.
Also they always come in pair...a bullish one and a bearish one. Like a bullish OIL ETF, and a Bearish oil ETF. So you can buy the bullish on the way up, then sell it and buy the bearish on the way down.
This way you never stop making money.
There has always been ETF's that track the major indices and sectors, than a couple years ago they came out with 2x ETF's which mean 2x leverage. So it would move twice as high with the Bullish ETF, or twice as low with the bearish ETF. Now just recently they came out with 3x ETF'S which means you can make even better gains.
posted
Yes, sorry about that. FAZ is what I am in big. FAS is the bullish ETF that I made a bunch on last week Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
This is what I was referring to. I was just playing devil's advocate, because the quote you highlighted was fairly buried, while the ones below don't seem to mention any risk
This way you never stop making money.
There has always been ETF's that track the major indices and sectors, than a couple years ago they came out with 2x ETF's which mean 2x leverage. So it would move twice as high with the Bullish ETF, or twice as low with the bearish ETF. Now just recently they came out with 3x ETF'S which means you can make even better gains.Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
I think you're missing the forest for the tress!!!!
The whole point is you were wrong, and to make it worse you're acting like you didn't miss where I said it goes down twice as much!
You missed where I said it goes down the same amount.
that's it!
You eyes only allowed you to see where I said "you never stop makin money"... which only meant when the market changes you buy the other ETF
And Your eyes allowed you to see where I said you can make even better gains.
What you eyes failed to see is where I clealy said....
"So it would move twice as high with the Bullish ETF, or twice as low with the bearish ETF ."
You can't get more clear than that....but if it were possible...the 7 links I posted would have cleared it up
And here's the funniest thing...you said my statement was kinda burried???? It was right next to the one you highlighted
No hard feelings though......I respond before I read the whole thing sometimes, too!!! We all make mistakes.
Posts: 2321 | Registered: Aug 2006
| IP: Logged |
quote:Originally posted by PCola77: Added more FAZ at $36.
You’re going short Financials at this level? “Bought more FAZ” What financials do you think are in jeopardy?
Posts: 4381 | From: houston | Registered: Mar 2006
| IP: Logged |
posted
I think there is going to be a pretty substantial market pullback in the next few days. FAS, the 3x bull, is up about 200% from it's lows, and I'm betting some of it gets given back soon.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
I'm just of the thought that the banking crisis itself is in the 8th inning. I'm playing infrastructure now. Obama has spelled it out for the American investor. I think China, India and Europe will follow suite.
Posts: 4381 | From: houston | Registered: Mar 2006
| IP: Logged |
posted
Well, as tey said on CNBC today, many infrastructure plays are up 70-100% in the last 3 weeks, so people have already bid the infrastructure plays way up. Could they go up more? Sure, but you also missed a pretty big chunk of any rally if you're just getting in them, now. I don't think risk/reward level is very appealing at this point.
As for financials, maybe they keep going up, but with how much they've bounced of the bottom, I can't fathom a case where they never pull back, and just keep going straight up. I'm not saying I'm holding this short for weeks/months, I just think I can make some pretty good money in the next few days on the pullback that I think we will get.
And then after that I'm going back to the triple longs in my IRA, because I do think we'll be at/near a bottom if we test 8000 again.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Good Luck]](graemlins/goodluck.gif)
![[Smile]](smile.gif)
![[Cool]](cool.gif)
![[Frown]](frown.gif)
![[Wink]](wink.gif)
![[Were Up]](graemlins/wereup.gif)
![[BadOne]](graemlins/headbash.gif)
![[Roll Eyes]](rolleyes.gif)
