Originally Posted by rebelfd

Nice work you might hit the M100

yeah, except i got raped in May

 

Originally Posted by markeckert2000

So the pro bailout party won the Greek election. Looks like it could be a good week for the market (for a couple days at least).

Good stuff. I still have 200 shares of TVIX from my purchase price of 6.20 or so (sold off 400 others when it popped over 8) but I really need my other holdings to pop back up, specifically a large portion I idiotically am holding in US Steel (X). Also holding SBUX,JPM and a lot of AAPL.

Commodities will probably take a hit, as this may mean less chance of another round QE.

Not a bad price for JPM. They should be fine eventually - unless they figure out the loss is 8 B instead.

15 major banks downgraded by Moody's yesterday...

i see a break up and sale of assets in their not too distant future - really sucks for the Waterloo region and the university because they provide so many jobs and training / education in the area.

meh - i was in and out of it a few times over the last couple years. Thankfully never got burned. When some of their key managers started jumping ship last year, it was a good sign that things weren't about to turn around anytime soon, if at all. Market share is continuing to decline, burning through cash and delaying yet another major release. They're pretty much fucked as a company but shareholders could get a bounce on break up / take over rumors. I won't be one of those shareholders.

Money matters aside, it's a very sad outcome for the Waterloo region.

 

Originally Posted by Unforseen

if anything this RIM ordeal tells me that tech growth stocks have to be watched carefully. 30 months ago not a single soul would have tough RIM's shares would be worth 7.50.

BTW the analyst from my bank got fired cause he get putting a buy on RIM and a sell on AAPL

I would have.

Edit:well 24 months I guess.i remember getting iPhone4 and the wife brought home a new blackberry from work. I laughed and told her blackberry would never make it.

And before you say "but people love a full qwerty keyboard"

Yeah well there's people that still use typewriters and phones with a cord...

yay! Another agreement in Europe...gonna be a good day in the market!



Until next week when fears creep up again....

 

Originally Posted by BigEarn7

I'm tweaking out right now. I entered a large portion in TVIX and the shit has literally crashed. I switched over to UVXY and that has gone to shit as well. Even when we have a terrible day these things don't move that much and then any profits just get squandered the next few days.

These can't just die or can they? I have been reading up on them a lot and I cannot figure out what the deal is. I know they measure volatility a month or so out but I feel like the market will be dropping a lot before the election. I plan to wait out on my positions but at the same time I am nervous watching them tank so badly week after week now.

Anyone want to talk me off the ledge? For what its worth, 500 shares of UVXY and 275 of TVIX. TVIX purchase price 5.62, UVXY 8.75.

It's bad.

lol... they are a decaying hedge with an endgame of zero.

 

Originally Posted by BigEarn7

Im very aware hence why I dont know wtf to do right now.

SELL AND STOP BUYING THEM!!!!!!!!!!!!!!

They were fun when they were predictable for awhile. find something else bro

 

Originally Posted by dolphin13

SELL AND STOP BUYING THEM!!!!!!!!!!!!!!

They were fun when they were predictable for awhile. find something else bro

Totally this. Expenses eat some of them profits too keep in mind. Who knows what them assholes do with the money lol.

Happy 1 day early birthday to this thread.

The indices say we're in a better place than we were last year. I just closed an oil trade that was a monster for me, and even though I'm happy about what I have, every position in my portfolio is currently red. << I'm usually not as comfortable about that as I am right now.

So what are people looking at? Anyone make complete changes in strategy since this thread was being bumped daily? Did BigEarn ever get rid of TVIX? Is Dolphin still a goldbug? Was the 5% bump in RIMM today enough to drag sax back in? Will Niceguy ever use his evil genius for good? Will skisteve ever let us in on one of his long term trades before he's bragging about huge gains?

30% cash here, the rest sitting on blue chip cos with global operations and large cap ADRs

 

Originally Posted by cdmalgee

Fed interference is gonna poo poo on your plans.

That's already priced in, that's why SPX is over 1400. The market already expects something from the Fed and the ECB down the road, only room for disappointment left imo. I think going short after the election would be a nice entry.