- Feb 12, 2005
- 58,787
- 30,191
Yeah, it's coming up on a year since it was at 11. I've been iffy on BAC for awhile now and I'm nervous with the bad news coming out about fraud and don't want to sit on it to see it go below14.
OFFICIAL STOCK MARKET & ECONOMY THREAD VOL. SCHOOL'S OUT
- Thread in 'General' Thread starter Started by dey know yayo,
- Start date
Yeah, it's coming up on a year since it was at 11. I've been iffy on BAC for awhile now and I'm nervous with the bad news coming out about fraud and don't want to sit on it to see it go below14.
runningfishy
Banned
- Sep 25, 2005
- 2,874
- 19
Set a good till cancel stop loss below 14.
Are you going to bank a lot? If so, I'd try wait till it's passed 1 year.
runningfishy
Banned
- Sep 25, 2005
- 2,874
- 19
When you are up as you are, you can always collect the dividends and guage how the stock is doing. BAC will be held up by aritifical price movements. If the negative fraud were to really do damage, you would have seen a more significant drop by now.
I would hold long but SET a STOP LOSS GTC just incase.
I would hold long but SET a STOP LOSS GTC just incase.
- Feb 12, 2005
- 58,787
- 30,191
^ Thanks for the advice.
- Aug 20, 2003
- 859
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solid utilities dividend paying stock is Cellcom Isreal
ticker: CEL
ticker: CEL
- Feb 12, 2005
- 58,787
- 30,191
The more I think about it, the less I wanna hold on to BAC anymore, but my portfolio is geared towards the long-term so I'm not sure. I need to get rid of GDX tough. That stock has done virtually nothing for me.
- Jun 24, 2007
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which etf's correlate with the dollar; short and long, 1x, 2x, and/or 3x??
- Oct 26, 2005
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- Aug 4, 2004
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What the hell happened to CTIC. I never experience this big of a loss in 1 day.
- Apr 27, 2005
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FDA questioned their drug... let me get this straight , u invest in them and do not know this?
- May 19, 2005
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Return on Equity (TTM)289.6% impressive
- Feb 24, 2005
- 549
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I don't think so. I don't think DeyKnowYayo liked me very much and RunningFishy seems to cosign with much of what I say. DeyKnowYayo real name is Naufal Sanullah. He's still lurking around I think. I've come across some of his commentary on other sites. Right now, he's a contributor on Zerohedge. Here's one of his articles (which I disagree with).
Let me get this straight... LONG TERM on a penny stock, holding past WEAK dividend, holding past FALLING volume (which = trouble for penny stocks), and NO stop loss based on the VERY EVIDENT trend it was trading in...
This game is not for you my friend.
Anyone attempting to go into quantitative finance? I'm working on the 3 things necessary for a quant position (strong math, programming, and financial knowledge) and it'd be great to link up with someone else attempting to do the same and see what synergy there is there. Right now I'm learning C++, studying for the first actuarial exam and working on indicators based on my experience trading. I got a ton of resources if anyone's interested as well.
- Apr 1, 2005
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but the data that the FDA is using is only up to july 2009...
- May 30, 2008
- 1,004
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people playing games with CTIC
.90 in pre market right now
this is adam ****stain gettin his hedge buddies cheap shares. get the longs that have stop loss orders out, take their shares, then make them pick em back up for a buck. him and cramer should be in jail.
pix will be approved too, its a blockbuster drug
really wish i could get more shares....i would buy all i could right now
.90 in pre market right now
this is adam ****stain gettin his hedge buddies cheap shares. get the longs that have stop loss orders out, take their shares, then make them pick em back up for a buck. him and cramer should be in jail.
pix will be approved too, its a blockbuster drug
really wish i could get more shares....i would buy all i could right now
- Nov 26, 2007
- 4,718
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sounds like a great time to buy
- Feb 24, 2005
- 549
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- May 19, 2005
- 4,122
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hey im a noob on the elliot wave but if you check out the dow 1 year chart is that the elliot wave?
- Apr 8, 2003
- 2,821
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how does programming help(serious question)? for number crunching? I would like to know how it could help my trading..because I have plenty of programming background.Originally Posted by kicksfiend
I don't think so. I don't think DeyKnowYayo liked me very much and RunningFishy seems to cosign with much of what I say. DeyKnowYayo real name is Naufal Sanullah. He's still lurking around I think. I've come across some of his commentary on other sites. Right now, he's a contributor on Zerohedge. Here's one of his articles (which I disagree with).
Let me get this straight... LONG TERM on a penny stock, holding past WEAK dividend, holding past FALLING volume (which = trouble for penny stocks), and NO stop loss based on the VERY EVIDENT trend it was trading in...
This game is not for you my friend.
Anyone attempting to go into quantitative finance? I'm working on the 3 things necessary for a quant position (strong math, programming, and financial knowledge) and it'd be great to link up with someone else attempting to do the same and see what synergy there is there. Right now I'm learning C++, studying for the first actuarial exam and working on indicators based on my experience trading. I got a ton of resources if anyone's interested as well.
- Feb 24, 2005
- 549
- 11
It doesn't help you for trading exactly. Say you worked at a hedge fund that wanted you to take a specific pricing model and create an application that would check to see whether or not the market price is in line with that mathematical model, you would have to program something to do so. C++ is the most common language but I've heard of Java and others being used. If you're eager to apply some programming to aid your trading, certain charting software allow you to create technical analysis indicators or even complete strategies. I don't believe in having a black box (automated program) do my trading for me but I've been working on a "gray box". Basically something that would give me buy and sell triggers but leaves the ultimate decision of whether or not to trade in my hands.
Yeah it does. However, if it was an Elliot Wave based on that alone, we'd be in the Wave 4. Meaning once this downside ends, we're headed for a higher top and then a correction. However, Elliot Waves are based on fractals meaning there are different timelines (grand, super, cycle, primary, intermediate, minor, minute, minuette, subminuette), similar to daily, hourly, minute charts. I've known serious "Ellioticians" to go back to the beginning of an index or stock to figure out their counts. Meaning although the chart looks like it's an elliot wave, unless the bottom of the market begins a new wave to most Ellioticians, the count might not be what you think it is and may just appear to look like a wave. Most people who use Elliot Waves believe we're in a bear market right now anyway, meaning that the waves are upside down, leaving one to assume the rally from March on is simply an A-B-C correction.
I don't believe in Elliot Waves per se (the whole idea of a guaranteed 5 count with a 3 count correction seems to precise IMO). I do believe, however, that there are "waves" in how buying and selling occurs in a stock. Meaning that whenever a stock moves over a period in time, there will be "marks" left by participants showing their actions. Institutions and other participants who always trade a certain company will buy and sell in similar patterns over time, leaving their "mark". When events occur in the market, their reaction can be expected to create a similar "mark" which allows you to trade off of it. It isn't quantifiable but something you can just notice. It probably sounds stupid and I'm not very good at explaining it. It's just a theory I have and I've seen work from others that, to me, reinforce it (e.g. Soros' Theory of Reflexivity).
Since you guys love penny stocks, here's one that should be real volatile in the near future: NBG. It's the National Bank of Greece. Considering all the hoopla over Greece (and it's possibly bankruptcy) nowadays, it should definitely be in play. After what Germany said today, if you don't have a margin account, you're going to miss out.
- Mar 11, 2004
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My current plays:
EXC (cheap, stable, 4.6% dividend)- largest holding
T (just a place to park some cash at 6.7% with little downside risk for a while)
Just picked up some C, stop loss is in at 2.95. Lot of big dogs in recently and if the government, price Al-Waleed, and others paid 3.25 I'm good with taking a flier on it.
C is a gamble. EXC and T are capital preservation and a nice chance to make a safe double digit return in a year. (money I can't afford to lose (will get out if I lose 10ish percent.
What I really want to research and possibly get in on is BYD (chinese battery/car company) Ticker BYDDF, I'm still mad I didn't look into this enough to realize I could have bought shares last year. Buffett and Munger were all about it especially Munger at last years Berkshire meeting. What a great experience that was btw. Bought a B share and held on to it long enough for it to pay for my trip out there. Sold it a while ago though, needed to get liquid at the time.
EXC (cheap, stable, 4.6% dividend)- largest holding
T (just a place to park some cash at 6.7% with little downside risk for a while)
Just picked up some C, stop loss is in at 2.95. Lot of big dogs in recently and if the government, price Al-Waleed, and others paid 3.25 I'm good with taking a flier on it.
C is a gamble. EXC and T are capital preservation and a nice chance to make a safe double digit return in a year. (money I can't afford to lose (will get out if I lose 10ish percent.
What I really want to research and possibly get in on is BYD (chinese battery/car company) Ticker BYDDF, I'm still mad I didn't look into this enough to realize I could have bought shares last year. Buffett and Munger were all about it especially Munger at last years Berkshire meeting. What a great experience that was btw. Bought a B share and held on to it long enough for it to pay for my trip out there. Sold it a while ago though, needed to get liquid at the time.
- Feb 19, 2006
- 13,656
- 1,083
How can a noob like myself get started?
I want to start investing. I have extra money to play with.
Tips on how to get started?
books to read, etc?
Any help would be appreciated.
Which site to use to start trading, selling, buying?
Thanks guys
I want to start investing. I have extra money to play with.
Tips on how to get started?
books to read, etc?
Any help would be appreciated.
Which site to use to start trading, selling, buying?
Thanks guys
- Sep 28, 2003
- 28,232
- 12,585
Dey Know Yayo was a beast
- Dec 31, 2006
- 3,170
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CITI (C) !!! BUY BUY BUY BUY!!!
C to me is a joke. I can understand your basis for taking a flyer on it, but to me, I don't see how they'll regain ground plus the amount of shares outstanding today (say versus 5 or 10 years ago) is disgusting. I'm just angry they sold off their lucrative trading arm, Philbro.
