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Wednesday Stock Market Talk

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  1. dolphin13 dolphin13 is offline OT Vice MVP

    Chicago, IL
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    Jul 23rd, 2008 (7/23/2008 10:46am)

    So I took a gamble that the market hit a bottom and bought 141 shares of SSO at 56.51 for about 8k on July 14. It immediately dropped 2+ dollars but has rebounded very nicely with the market rally. (SSO is essentially S&P X2, so whatever S&P goes up or down percentage wise, this will be twice as much).

    Right now it's trading at 62.18 so it's up about 10 percent from where I bought. 52 week high is 101.48.

    How much more will this market rally? Oil should continue to go down as China doesn't allow people to drive with the Olympics coming up and earnings have been pretty decent.
  2. s1nnr s1nnr is offline will stab you

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    Jul 23rd, 2008 (7/23/2008 10:54am) in reply to dolphin13

    get a job...
  3. dolphin13 dolphin13 is offline OT Vice MVP

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    Jul 23rd, 2008 (7/23/2008 10:56am) in reply to s1nnr

    How bout I come over, stab you and take your job

    :)
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  4. Wear Wear is offline

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    Jul 23rd, 2008 (7/23/2008 10:57am) in reply to s1nnr

    Your wasting money in the stock market. Send to online gambling ASAP, use no BR management and double that shit and then get it off.

    Your welcome
  5. s1nnr s1nnr is offline will stab you

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    Jul 23rd, 2008 (7/23/2008 10:59am) in reply to dolphin13

     
    Originally Posted by dolphin13 View Post

    How bout I come over, stab you and take your job

    :)

    lol, u can have mine! quitting on monday! cant fucking wait!

    and i am just bitter b/c im at work

    <3 dolphin.....but only in a gay way
  6. s1nnr s1nnr is offline will stab you

    Philadelphia, PA
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    Jul 23rd, 2008 (7/23/2008 11:00am) in reply to Wear

     
    Originally Posted by Wear View Post

    Your wasting money in the stock market. Send to online gambling ASAP, use no BR management and double that shit and then get it off.

    Your welcome

    QFTIMOMFO
  7. dolphin13 dolphin13 is offline OT Vice MVP

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    Jul 23rd, 2008 (7/23/2008 11:01am) in reply to Wear

    no thanks. This is gonna be my first losing year for poker in about 6 years. I just get pummeled any time I play. I'm hating on poker right now and trying to stay away.
    Thread Starter
  8. Wear Wear is offline

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    Jul 23rd, 2008 (7/23/2008 11:04am) in reply to dolphin13

     
    Originally Posted by dolphin13 View Post

    no thanks. This is gonna be my first losing year for poker in about 6 years. I just get pummeled any time I play. I'm hating on poker right now and trying to stay away.

    is that a problem? just think of all the stuffed animals you can buy with the points you earn!!!!!!
  9. dolphin13 dolphin13 is offline OT Vice MVP

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    Jul 23rd, 2008 (7/23/2008 11:05am) in reply to s1nnr

     
    Originally Posted by s1nnr View Post

     
    Originally Posted by dolphin13 View Post

    How bout I come over, stab you and take your job

    :)

    lol, u can have mine! quitting on monday! cant fucking wait!

    and i am just bitter b/c im at work

    <3 dolphin.....but only in a gay way

    I'll take your new job. Whatya gonna be doing.

    I just can't figure out what to do as far as getting a job. I'm getting barely any responses to the jobs I apply for because I'm a sports writer trying to get jobs that are not sports related. My resume is probably finding the circular file immed. I know I could get a job in another state but I the wife makes too much money to leave here.
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  10. Wear Wear is offline

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    Jul 23rd, 2008 (7/23/2008 11:06am) in reply to s1nnr

     
    Originally Posted by s1nnr View Post


    QFTIMOMFO

    i am happy to say my noobness is officially gone. I understand what that meant
  11. s1nnr s1nnr is offline will stab you

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    Jul 23rd, 2008 (7/23/2008 11:07am) in reply to dolphin13

    ugh, that sucks, gl with the job search....

    im not gettin another job, im goin back to school full time... Ive been working and saving for the last couple of years, so i have enough to live on for at least a year....
  12. dippydough dippydough is offline

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    Jul 23rd, 2008 (7/23/2008 11:22am) in reply to s1nnr

    sell SSO now and buy 50 shares of the SLV at 174.30. sell at 190 in 2 weeks.
     
  13. Braaak Braaak is offline

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    Jul 23rd, 2008 (7/23/2008 11:29am) in reply to dippydough

    SLV's chart looks awful.
  14. dolphin13 dolphin13 is offline OT Vice MVP

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    Jul 23rd, 2008 (7/23/2008 11:37am) in reply to Braaak

     
    Originally Posted by Braaak View Post

    SLV's chart looks awful.

    Yeah, I don't like the metals right now. Like I said, I think oil will keep dropping and with it so will gold and silver. If anything the time to bou those will be at the close of the olympics. Demand for oil should take a real hit in late July early August as China restricts driving around Beijing.
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  15. dippydough dippydough is offline

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    Jul 23rd, 2008 (7/23/2008 12:16pm) in reply to dolphin13

    well obv SLV's chart looks awful. its been following crude, crude is finishing higher today and will gap up and make a run for 145-150 again shortly. silver will finish around even, and gap way up tomorrow..imo.
     
  16. darkpoker12 darkpoker12 is offline

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    Jul 23rd, 2008 (7/23/2008 12:42pm) in reply to dippydough

    buy into an airplane company obv
  17. tekiller tekiller is offline

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    Jul 23rd, 2008 (7/23/2008 12:44pm) in reply to darkpoker12

    sirius ftw obv
  18. darkpoker12 darkpoker12 is offline

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    Jul 23rd, 2008 (7/23/2008 12:45pm) in reply to tekiller

    obv its owning and ull regret it my friend
  19. dolphin13 dolphin13 is offline OT Vice MVP

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    Jul 23rd, 2008 (7/23/2008 12:45pm) in reply to tekiller

    it actually sounds like they're going to merge, finally.

    it's doing better, but owning?????? I think not. It's 52-week range is 1.80-3.94 and it's trading at 2.30

    what did you buy it at darkpoker????
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  20. darkpoker12 darkpoker12 is offline

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    Jul 23rd, 2008 (7/23/2008 12:49pm) in reply to dolphin13

    2.16 and its far from over. Just those crooks at goldmen and there bs is slowing it down.

    edit: 1 time tate
  21. dolphin13 dolphin13 is offline OT Vice MVP

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    Jul 23rd, 2008 (7/23/2008 12:51pm) in reply to darkpoker12

    how many shares you buy, whipper-snapper
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  22. darkpoker12 darkpoker12 is offline

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    Jul 23rd, 2008 (7/23/2008 12:52pm) in reply to dolphin13

    I got about 8k at 2.16 and another 3k at 2.05
  23. dolphin13 dolphin13 is offline OT Vice MVP

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    Jul 23rd, 2008 (7/23/2008 12:59pm) in reply to darkpoker12

     
    Originally Posted by darkpoker12 View Post

    I got about 8k at 2.16 and another 3k at 2.05

    so you have 11k of sirius at about 2.13. Didn't you say that you were gonna make like 55k off of it. How high do you think it's going and what's the timeframe?
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  24. darkpoker12 darkpoker12 is offline

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    Jul 23rd, 2008 (7/23/2008 1:02pm) in reply to dolphin13

    srry i didnt add I got another 6.4k at 2,but I believe 4+ by end of year imo.
  25. dolphin13 dolphin13 is offline OT Vice MVP

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    Jul 23rd, 2008 (7/23/2008 1:08pm) in reply to darkpoker12

     
    Originally Posted by darkpoker12 View Post

    srry i didnt add I got another 6.4k at 2,but I believe 4+ by end of year imo.

    so you have 17.5k of sirius at about 2.09 and you plan on making 55. That would mean it needs to go to 6.
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  26. darkpoker12 darkpoker12 is offline

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    Jul 23rd, 2008 (7/23/2008 2:36pm) in reply to dolphin13

    http://finance.google.com/finance?cl...;q=NASDAQ:SIRI

    snap crackle andddd pop. here we goooooo i feel dis 1 time tate
  27. sol160 sol160 is offline

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    Jul 23rd, 2008 (7/23/2008 2:41pm) in reply to dippydough

     
    Originally Posted by dippydough View Post

    well obv SLV's chart looks awful. its been following crude, crude is finishing higher today and will gap up and make a run for 145-150 again shortly. silver will finish around even, and gap way up tomorrow..imo.

    coulden't be more wrong
  28. dolphin13 dolphin13 is offline OT Vice MVP

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    Jul 24th, 2008 (7/24/2008 10:43am) in reply to dippydough

     
    Originally Posted by dippydough View Post

    well obv SLV's chart looks awful. its been following crude, crude is finishing higher today and will gap up and make a run for 145-150 again shortly. silver will finish around even, and gap way up tomorrow..imo.

    Guess you were wrong on this one. Oil finished down like $4 yesterday and is up about 1.50 today.
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  29. Braaak Braaak is offline

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    Jul 24th, 2008 (7/24/2008 11:10am) in reply to dolphin13

    Silver has been following oil because the same guys own both. Money is rotating out into the rest of the market.
  30. dippydough dippydough is offline

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    Jul 24th, 2008 (7/24/2008 12:27pm) in reply to Braaak

    yes, i was wrong with the action in the late trading yesterday and the open of today. but my trade will only be wrong if SLV doesnt reach $19 in 2 weeks, was originally $190 but the shares split 10-1 today. so if u sold the SSO yesterday on my advice and bought SLV at 174.30, you would need it to get to 17.43+ brok fees to get even, meanwhile not incurring the recent paper loss(not really a loss, since you will still have a gain if sold higher than 57) of holding the SSO instead of selling at the high $61s which SSO was when i saw the thread. i would say my trade is far from wrong at this point and is up slightly(less down) if u simply did nothing and held onto SSO at the hi 61s.
     
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