Stock Market Talk

Originally Posted by Dave 330i

Is it time to buy yet? I'm going against my long term investment philosophy, but this is an unusual time. Maybe I can make enough to buy that GT3 RS 4.0

1120 is a strong support level for S&P, so you might see a bounce. Might last a day, a month, 15 minutes, who knows.

I'm at 100% cash (but have a bunch of short ETFs) - I think it's going to be hard to make money just buying and holding in the future. When to get back in is the tough question.

Originally Posted by Chris90

1120 is a strong support level for S&P, so you might see a bounce. Might last a day, a month, 15 minutes, who knows.

I'm at 100% cash (but have a bunch of short ETFs) - I think it's going to be hard to make money just buying and holding in the future. When to get back in is the tough question.

Depends on when QE3 kicks in and how quickly those printing presses can print USD's..

Originally Posted by stylinexpat

Depends on when QE3 kicks in and how quickly those printing presses can print USD's..

From the look of this market I'm not sure it'll matter, like slinging stones at an oncoming freight train.

I want to buy in at 1120 but jeez, it looks like we might blow through that support level like we did 1250.

It's time to start paying attention to PGF, yield is close to 8%

Dumped all my short ETFs. Will get back in if we have a rally.

Originally Posted by Chris90

I'm at 100% cash (but have a bunch of short ETFs)

Bought GOOG call

Originally Posted by stylinexpat

Depends on when QE3 kicks in and how quickly those printing presses can print USD's..

It's not about printing money anymore, maybe someone should start planning to shutup S&P forever, then the world would be a happy place once more.

Thanks W.... we needed this debt like we needed a hole in the head.

well, we are where we are. the Euro is a pipe dream; it's held up by the media and propaganda. booking a trip to Europe next year before 12/21

Another Bloodbath will take place tomorrow. South Korea circuit breakers triggered today and Hang-Seng is down over 1400 points now

http://www.bloomberg.com/markets/sto.../asia-pacific/

Originally Posted by stylinexpat

Another Bloodbath will take place tomorrow. South Korea circuit breakers triggered today and Hang-Seng is down over 1400 points now

http://www.bloomberg.com/markets/sto.../asia-pacific/

Seems to have rallied since you posted - maybe expecting Fed stimulus today at the Fed meeting?

Originally Posted by Chris90

Seems to have rallied since you posted - maybe expecting Fed stimulus today at the Fed meeting?

Futures were -300 then went to -30 then +200 and now +89 take or give. Futures have been all over the place. In Taiwan the government intervened today and bought up all the losses that took place on Monday morning. At one point the index was down about 5%+ around -400 points and it bounced to +12 then closed down -59

I knew the government intervened before this news came out as my friend works at a firm in Taipei.

http://www.bloomberg.com/news/2011-0...-scrutiny.html

Originally Posted by stylinexpat

Futures were -300 then went to -30 then +200 and now +89 take or give. Futures have been all over the place. In Taiwan the government intervened today and bought up all the losses that took place on Monday morning. At one point the index was down about 5%+ around -400 points and it bounced to +12 then closed down -59

I knew the government intervened before this news came out as my friend works at a firm in Taipei.

http://www.bloomberg.com/news/2011-0...-scrutiny.html

Why would they intervene cause of just a 5% loss? That seems like a bad idea.

Futures way up now. I think we get our bounce off 1120.

Trying my luck with BAC

Originally Posted by Chris90

Why would they intervene cause of just a 5% loss? That seems like a bad idea.

Futures way up now. I think we get our bounce off 1120.

Why do you think it's 1120? I would think 1050 is more like it?

Closed out YINN. 2 days +1%.

Originally Posted by chrischeung

Closed out YINN. 2 days +1%.

Why don't you trade options if you're only holding them for such a short period of time?

Edit: Closed GOOG call with 20% gain

Closed BAC as well; breakeven after commissions... chickened out

Originally Posted by Griffoun

Why do you think it's 1120? I would think 1050 is more like it?

We made a couple of tops at 1120 back in July. 1050 is next though.

I don't like the costs involved with trading options. I feel comfortable buying $1M in ETFs, but not $1M in options. I view options as riskier. I'm not greedy - all I want to make is 5% per month, every month on my entire investment portfolio (100% annual return).

Bottom line - I don't think I can make as much with options with similar risk than I am currently doing wtih ETFs, while getting a good night's sleep.

Originally Posted by chrischeung

I don't like the costs involved with trading options. I feel comfortable buying $1M in ETFs, but not $1M in options. I view options as riskier. I'm not greedy - all I want to make is 5% per month, every month on my entire investment portfolio (100% annual return).

Bottom line - I don't think I can make as much with options with similar risk than I am currently doing wtih ETFs, while getting a good night's sleep.

You saying you lost $100k in TYH this week?

$1M is just a number - the point being, it's risky and a lot of work to deploy that amount with options. What would you do, buy $5,000 of options, and put $995,000 in CDs? I'm an older guy, and I've saved my pennies over the years.

I'm holding various positions, and I'm not employing all my available capital right now. But at some point each month I've sometimes found myself fully vested. I NEVER invest/bet any money I can't afford to lose. I manage my retirement funds separately and more conservatively.

Originally Posted by chrischeung

$1M is just a number - the point being, it's risky and a lot of work to deploy that amount with options. What would you do, buy $5,000 of options, and put $995,000 in CDs?

I'm holding various positions, and I'm not employing all my available capital right now. But at some point each month I've sometimes found myself fully vested. I NEVER invest/bet any money I can't afford to lose. I manage my retirement funds separately and more conservatively.

I tend to hold more companies that returns to investors in cash account, while I perform option trades in my roth because I do that so frequently (well, at least I didn't trade as often before until earlier this year) that I don't want to keep track of that anymore... not to mention the cap-gain that I would have to pay to uncle Sam. Sure, I wouldn't be able to take advantage of the loss, but that's only 3000 a year and then carryover?

By the way you've got some very nice ED writeups

Does anyone recall any day(s) in 2008 which the market went up like crazy in the final trading hour (ie exact opposite of yesterday's movement) ?

Originally Posted by chrischeung

$1M is just a number - the point being, it's risky and a lot of work to deploy that amount with options. What would you do, buy $5,000 of options, and put $995,000 in CDs? I'm an older guy, and I've saved my pennies over the years.

I'm holding various positions, and I'm not employing all my available capital right now. But at some point each month I've sometimes found myself fully vested. I NEVER invest/bet any money I can't afford to lose. I manage my retirement funds separately and more conservatively.

That's cool. I think you're the only one on the forum who will post his bad trades, everyone else only has successful trades.

Ok, stylin' does too, to be fair.

Originally Posted by Griffoun

Do you recall any day(s) in 2008 which the market went up like crazy in the final trading hour (ie exact opposite of yesterday's movement) ?

I seem to remember the last hour would go crazy like every day, either up or down.

Originally Posted by Chris90

That's cool. I think you're the only one on the forum who will post his bad trades, everyone else only has successful trades.

Ok, stylin' does too, to be fair.