OFFICIAL STOCK MARKET & ECONOMY THREAD VOL. SCHOOL'S OUT

this whole week has been a green opening followed by red then green right before closing... what the hell is going on
 
Wait for confirmation on which way this market is heading. Seems to me a downtrend. I'm out of all my swingtrade positions and just trading anything thatcomes my way.

Another market crash is coming IMO...
 
Originally Posted by andycrazn

this whole week has been a green opening followed by red then green right before closing... what the hell is going on

the market god hates us.

Wait for confirmation on which way this market is heading. Seems to me a downtrend. I'm out of all my swingtrade positions and just trading anything that comes my way.
i think we will be sub 8k by end of next week (where we should be). i think we will be up today and tomorrow, but not by much. but who knowsnowadays.
nerd.gif
 
man... ya'll are makin money in here.

i gotta save up, but im def. taking pointers from all of you.

much appreciated.
 
Wait for confirmation on which way this market is heading. Seems to me a downtrend. I'm out of all my swingtrade positions and just trading anything that comes my way.
i think we will be sub 8k by end of next week (where we should be). i think we will be up today and tomorrow, but not by much. but who knows nowadays.
nerd.gif




Yeah I have a good feeling we'll be testing 7800 soon.
 
Originally Posted by Black Entourage inc

man... ya'll are makin money in here.

i gotta save up, but im def. taking pointers from all of you.

much appreciated.
just trying to retire by 30.
laugh.gif

but on the real, this group has helped me too. gained a lot from DKY, and andy and lilchico are helping me too.
 
Originally Posted by iEternalv

Originally Posted by Black Entourage inc

man... ya'll are makin money in here.

i gotta save up, but im def. taking pointers from all of you.

much appreciated.
just trying to retire by 30.
laugh.gif

but on the real, this group has helped me too. gained a lot from DKY, and andy and lilchico are helping me too.


Yeah same here. I'd like to be in mid 7 figures by then.
This thread has taught me a lot also. I appreciate everyones input and picks. I did well with most of them.


Now lets make some $
 
markets definitely confused today. im going to stay out of this one. gold markets confused as well. anyone got any news on the G-8 meeting? this should effectthe markets somewhat

currently learning about options. its confusing but i like how options work. im just confused on the options that are "in the money" and what not,along with strike price.
 
The only thing that is keeping this market up is the Jobless Claims report.

Highlights
Initial jobless claims in the July 4 week fell a very steep 52,000 to a much lower-than-expected level of 565,000 -- the lowest level since the beginning ofthe year and extending a trend of improvement that is certain to give a boost to green-shoot talk (prior week revised slightly to 617,000).
 
Originally Posted by LiLcHiCo4LiFe

The only thing that is keeping this market up is the Jobless Claims report.

Highlights
Initial jobless claims in the July 4 week fell a very steep 52,000 to a much lower-than-expected level of 565,000 -- the lowest level since the beginning of the year and extending a trend of improvement that is certain to give a boost to green-shoot talk (prior week revised slightly to 617,000).
lol this is funny. peter schiff was right about this one. dude even compared it to parents expecting their kid to get an F in class, but got a Dinstead and somehow its just better.
 
do you guys think that unemployment is at 20%+? i have a feeling its that high right now...... just the government isnt reporting it....
 
i dont think unemployment is 20%. even if the government wasn't reporting it, you would see it every where.
 
20% is really high, that would be ridiculous, 1 of every 5 people jobless?
 
Over the past few week, I've been doing some work on looking for Reverse Merger plays. These plays have been know to be life changing plays. They'vebeen known to yield enormous gains in matter of days.

Here a few that I found that had their runs. PLEASE DO NOT PLAY THEM!

For example:

LFZA(USSE) - ran from .0002 to .84 (420,000%)
SXML(AMRP) - ran from 0.03 to $50 (160,000%)
CYBR - ran from 0.001 to 0.50 ( 50,000%)

Now if you had put $200 in LFZA at .0002, you would've been up almost $840,000.

These kinds of plays come along very rarely, but my search continues...
 
Originally Posted by LiLcHiCo4LiFe

Over the past few week, I've been doing some work on looking for Reverse Merger plays. These plays have been know to be life changing plays. They've been known to yield enormous gains in matter of days.

Here a few that I found that had their runs. PLEASE DO NOT PLAY THEM!

For example:

LFZA(USSE) - ran from .0002 to .84 (420,000%)
SXML(AMRP) - ran from 0.03 to $50 (160,000%)
CYBR - ran from 0.001 to 0.50 ( 50,000%)

Now if you had put $200 in LFZA at .0002, you would've been up almost $840,000.

These kinds of plays come along very rarely, but my search continues...
where do you see the quotes? not on google finance
god damn
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I need to put my detective skills to work
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at my lack of motivation recently
 
I knew I'd catch someones attention.
laugh.gif


They've had runs some time ago. You'll need to dig in the archives.
LFZA is trading under a different ticker now. It's USSE.
 
S&P futures vs fair value: -5.90.
Nasdaq futures vs fair value: -9.00.

Price of oil is also down.

Another day of red I believe...
 
nicely done. sadly i dont have enough capital to be doing what your doing. being a college student sucks!
those life changing stocks makes me want to put random amounts of money into random penny stocks in hopes one will strike big. lol i wont do it though
 
Originally Posted by andycrazn

nicely done. sadly i dont have enough capital to be doing what your doing. being a college student sucks!
those life changing stocks makes me want to put random amounts of money into random penny stocks in hopes one will strike big. lol i wont do it though


preach my man..in college for my future FTW, being a college student while playing the stock market FTL..



-J23C
 
Originally Posted by jordan23collecta

Originally Posted by andycrazn

nicely done. sadly i dont have enough capital to be doing what your doing. being a college student sucks!
those life changing stocks makes me want to put random amounts of money into random penny stocks in hopes one will strike big. lol i wont do it though


preach my man..in college for my future FTW, being a college student while playing the stock market FTL..



-J23C


I'm in the same exact position most of you guys are in. I'm 22 btw and in college also. I don't day trade for a living. Just doing it since nottaking any summer classes.
 
I hope no one was holding onto any GMGMQ stock. Glad I got out of that at the right time.


THE EVENT:
General Motors exited bankruptcy protection early Friday - faster than expected and pledging to "get back to the business of building great cars andtrucks" and better serving customers.

The new General Motors Co. could launch an initial public offering of stock in the restructured auto maker as soon as the second quarter of 2010 but will waitlonger if necessary to ensure market conditions are right, its chief financial officer said Friday on CNBC.
 
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