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Author Topic: What I am watching as swing trades 3
rajthebam
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glenn - I will be looking for a car late this yr early next yr - SUV
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sju1973
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I am also looking for a car, but I live in PA.
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glenngsxr
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Raj and SJU. That's not an issue. I have shipped cars to folks many times before. I have done a few deals where I never even talked to the customer. Did the entire process online. Like I said I would love to help you guys out. I have no boss and I do this for fun so I am not worried about making a certain amount of money per car. I could get you guys a smokin deal.

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wide open until you see god, then brake!

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glenngsxr
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Please tell me at least one of you guys got into DRV or FAZ....

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glenngsxr
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TJ,
signed up for my TD account today. Will fund it when my scottrade check is in next week sometime. You should have your free trades at that time I think.

Initially, the screen is a lot busier that scottrade which is kind of a downfall, but oh well. Just have to get used to it.

DRV!!!!!!!!!!!!!!!

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TraderJones
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Cool Glenn. Are you using the Command Center 2.0 platform?
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R1 Man
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Wow...So why the drop today? How low will she go? Guess if I had a car, I would drive to the bank and drop off this $$$ and transfer that to TD and get some of these bargin deals all over. Buy a car...Bum rides....buy a car...make money...I can't do either I guess...no ride to the bank and next auction is Tuesday.

Show you 2 that I am after:

http://www.copart.com/c2/individualLot.html?lotId=10744190&searchType=onSaleNow

http://www.copart.com/c2/individualLot.html?lotId=14154280&searchType=onSaleNow

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TraderJones
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Which one are you leaning towards R1?
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R1 Man
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2005 Dodge Ram 2500. Remember, I made that truck. The other ones I picked out will cause me to park in the Competitor parking which means 1/6 mile extra on top of my 1/3 mile walk to my job.
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TraderJones
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haha...they actually have a competitor parking lot?? funny. Pretty cool that you were a part of building that truck though. What do you think you could get it for?
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R1 Man
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$8,500-9,500ish. Booked at $13,000 Fair Trade in....$17,150 Good Private Party. You never know though...Tuesday they sold a 2007 Dodge Charger R/T Hemi Daytona with $25,000 Miles for $7,900. That is a $13-16k car.
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glenngsxr
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quote:
Originally posted by TraderJones:
Cool Glenn. Are you using the Command Center 2.0 platform?

Yes, still getting used to it. There is just so much going on on the screen.

R1, let us know how much you ended up snagging that for. I would pass on the Avalanche, especially with a rebuild title.

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TraderJones
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Glenn-It took me a while to get used to it also. Yet I added even more information to it. But now that I've used it for quite a while now, it's quite easy to understand. Click on Last Sale towards the top of your screen. you will have another pop-up window where you can type in a stocks symbol. you can see the actuall buying and selling to the second there. I use that in conjunction with "Stratagy Desk" (I'd highly recomend downloading that)
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TraderJones
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Also the Command Center 2.0 "STANDARD" is a little easier to use and understand, rather than Classic, Investor, Trader or the Pattern Matcher screens.
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glenngsxr
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Perfect TJ, that last sale box is exactly what I have been looking for. Scottrade had a quick quote that was a small box I could stick in the corner of my screen and watch. It was sweet.

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R1 Man
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I agree with the Avalanche...I'm after Run and Drive with Clean Titles, but I watched a few rebuilt title'd cars sell for big money in the public auction. But rule of thumb is $0.50 on the $1.00. But that Avalanche is gonna bring some big bucks and its hard to unload when your talking about $20k selling point.
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TraderJones
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Way cool R1! I think I would pass on that Avalanche also.
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glenngsxr
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People run away from rebuilt titles when it comes time to sell it.

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wide open until you see god, then brake!

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TraderJones
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I've also fliped a few cars too. I bought a "totaled" car years ago that I repaired (actually wasn't a lot of damage) but then I had a rebuilt title with it. I sold it to a girl, she was happy with it, but, days later she realized it had a rebuilt title and insisted that I gave har money back.
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R1 Man
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Deal is a deal. You obviously gave her the title that stated REBUILT TITLE
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TraderJones
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yeah a deal is a deal, but I did the nice guy thing and gave her money back. I called some other people that wanted it and explained the situation, they bought it the next day.
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glenngsxr
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Here is your 1230 high/low of the day. I am about ready to go bomb the scottrade office.

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TraderJones
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So, when the hell are things gonna bounce?? Still stuck in FNM-land here.
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sju1973
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Yeah, this definately sucks TJ. I am hoping for a bounce soon. I'm still holding ATAC. I am also still on the right side of the trade fortunately. I'm holding it because I know it's a good blue chip stock that should head north when this slide ends. I don't feel safe trading anything right now, so I am just holding my investment for the time being. However, you never know these days, nothing seems secure.
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glenngsxr
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Gents, this is not gonna bounce for awhile. This market is scared again. The Euro sucks and the US data is pointing downhill again. Try to think of things in terms of uncertainty. Investors don't like it and will sell off when things are uncertain. I still say go short for awhile.

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rajthebam
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whats in store for us today?
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glenngsxr
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down again. I think we are going to still see a rapid decline down. It's not going to bounce around, it's going to stay in a steady downward spiral. When it hits bottom, I believe it will climb again. I still have no funds ready from scottrade. :-(

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rajthebam
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crazy this market
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TraderJones
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Well, at least I see some green on my screen today, instead of non-stop RED.
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glenngsxr
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yeah, green today, but I still don't see this downward pattern slowing down just yet. Who knows, I have definitely been wrong before.

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wide open until you see god, then brake!

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TraderJones
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Yeah Glenn, I'm not too hopeful just yet either. I figured we would see some green at some point after that big drop yesterday but, it could easily be down Monday or even reverse today....we will see.
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TraderJones
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can you believe FAZ almost 18 bucks???
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glenngsxr
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quote:
Originally posted by TraderJones:
can you believe FAZ almost 18 bucks???

Yeah, this makes me sick. Seems like yesterday when I was stuck in FAZland and we were discussing how it might go down below $10.

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TraderJones
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quote:
Originally posted by glenngsxr:
quote:
Originally posted by TraderJones:
can you believe FAZ almost 18 bucks???

Yeah, this makes me sick. Seems like yesterday when I was stuck in FAZland and we were discussing how it might go down below $10.
yeah, I bought it around 17 and bailed on it around 15.50, thinking it was just never gonna come back up, and the range would be so low that I would never recover.
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glenngsxr
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I still don't think there is enough gas in the tank to keep this market green. We will end the day red, guaranteed!!!

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