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

[andycrazn]

Originally Posted by nycballer

Originally Posted by LiLcHiCo4LiFe

Originally Posted by andycrazn

Originally Posted by LiLcHiCo4LiFe

Are any of you in positions that pay nice dividends? Reason I ask is because I've opened up an another account for long positions and want to diversify it with stocks that pay healthy dividends.

If some of you all don't mind sharing some good ones, that'll be great.

dlm, pg, clx

Thanks a lot man! Are you in all of them?

I'd watch out with PG. It has some great brands that are consumer staples but I've read a couple articles lately discussing how the current CEO has not kept up with R&D spending. PG also has made some of its biggest moves with M&A (Gilette, Tide, etc.), and I'm sure as you can tell they have not done much in that category either. The dividend is certainly one of the most stable in the market but you'd still want some organic growth with the dividend.

A couple of my personal favorites with great dividends are JNJ, HSY, T, and VZ (only a few I can think of now. I'll come back with a couple more later. Certainly a lot of the oil/energy companies pay very nice stable nominal dividends but the share prices are very volatile).

JNJ - filled with fantastic consumer stables and you'll be able to ride out the Obama health care craze going on now.

HSY - Reported a fantastic second quarter (raised annual outlook) with cocoa prices going through the roof over the past year or so(and still are to an extent). Would love to see some new products but the companies stability right now is great for this market.

T and VZ - The future is wireless and mobile. Clearly these two competitors will be on the forefront of the advancements in mobile technology. Probably like VZ better right now with the rumors flying for some form of an apple "tablet" coming soon along with the potential for an iphone LTE with VZ in 2010 and later.

co-sign. il like to throw in TAXI. it pays 10 percent and the moving average/MACD is good.

pfe? i was gonna get in at 11 but it might be a good time to get in

i agree with ieternalys MCD pick but the latest report of profits down got me worried that the economy is finally having an effect on fast foods even thoughglobal same store sales rose 4.5 percent. i know for a FACT that MCD in asia is very profitable and efficient. MCD asia> MCD us x10000

 

[lilchico4life]

Some nice picks in here. I'll scan for some that pay 10% - 15% dividends, or even higher.

A couple plays for ex-dividend 8/3/09:
IGD
NGLS

Play for ex-dividend 8/5/09:
LINE

 

[andycrazn]

there was a drug company that paid i think 14% but i forgot the stock ticker...

 

[ieternalv]

MA, the only stock i had in the red, now...all green

PALM is killin it for me as well.

been busy so i haven't kept up with pennys, but it looks like CBIS's run is over for now. i can see this shooting back up in the future.

GLTA!

 

[shch]

Edit - Nevermind, found out what it meant.

 

[Betonblck]

Originally Posted by shch

^What is GLTA??? I couldn't find it anywhere.

 

[andycrazn]

Originally Posted by iEternalv

MA, the only stock i had in the red, now...all green

PALM is killin it for me as well.

been busy so i haven't kept up with pennys, but it looks like CBIS's run is over for now. i can see this shooting back up in the future.

GLT

i wanted to take a chance with palm because it was cheap and i thought it would follow the path of rimm. ughhh

 

[andycrazn]

lilchico what changed you to get into blue chips and stocks that pay dividends?

 

[andycrazn]

lilchico what changed you to get into blue chips and stocks that pay dividends?

 

[kicksfiend]

Originally Posted by andycrazn

lilchico what changed you to get into blue chips and stocks that pay dividends?

Most likely he's put money into a retirement or IRA account. I have half my money in an IRA account just because I don't plan on spending it and I hatepaying taxes on it every year. If I leave it in the IRA, I can continue to trade with it and if I decide to take it out, I'll pay taxes on it once. Imainly trade options with my IRA account.

 

[andycrazn]

huh i didnt know you can do that with an ira

 

[kicksfiend]

Originally Posted by andycrazn

huh i didnt know you can do that with an ira

What didn't you know that you could do with an IRA? You can't short stocks with an IRA, which is why I trade options with it, so I can profit off downmovements.

http://money.cnn.com/2000/04/19/pensions/q_retire_slott/


Btw, anyone surprised by today's move in the market should've watched futures. They shot up last night, I spent most of the night awake watchingfutures and trading currencies cause I couldn't sleep. Bought FAS on the open and let it ride. I hate the direction the market's going but you gottaplay what the market gives you.

 

[andycrazn]

Originally Posted by kicksfiend

Originally Posted by andycrazn

huh i didnt know you can do that with an ira

What didn't you know that you could do with an IRA? You can't short stocks with an IRA, which is why I trade options with it, so I can profit off down movements.

http://money.cnn.com/2000/04/19/pensions/q_retire_slott/


Btw, anyone surprised by today's move in the market should've watched futures. They shot up last night, I spent most of the night awake watching futures and trading currencies cause I couldn't sleep. Bought FAS on the open and let it ride. I hate the direction the market's going but you gotta play what the market gives you.

thanks for the info. i say dow would go up to 9500-9700 before plunging.

 

[kicksfiend]

Originally Posted by andycrazn

thanks for the info. i say dow would go up to 9500-9700 before plunging.

9500-9700 puts it around the November 4th, 2008 high. I'm expecting heavy resistance around the 9,300 level but I wouldn't be surprised if it breaksthrough. Today was a clear example of everything that's been going on this year. Somehow, the market opens up above a serious resistance level (see5/29/09-06/01/09 on the S&P) and there's a lot of short covering and people playing the breakout. At the end of the day, I don't see how theeconomy has recovered enough for this market to be sustainable at these levels. As good as earnings were, companies that posted earnings did so on COST CUTTINGas revenues are down. Companies need to get back to normal operating conditions before any talk of a recovery can actually make sense. And for them to go backto normalcy, the economy needs to pick up. A slower rate of decline, or a small increase is not a recovery.

I don't really follow the DOW though. This is how I see it: the DOW is too narrow (only 30 companies), the Nasdaq is too biased (more technology companies)and the Russell is too broad (3000 companies). I tend to follow specific companies (usually based on volume since I like trading what's "hot")and the S&P 500.

 

[andycrazn]

Originally Posted by kicksfiend

Originally Posted by andycrazn

thanks for the info. i say dow would go up to 9500-9700 before plunging.

9500-9700 puts it around the November 4th, 2008 high. I'm expecting heavy resistance around the 9,300 level but I wouldn't be surprised if it breaks through. At the end of the day today was a clear example of everything that's been going on this year. Somehow, the market opens up above a serious resistance level (see 5/29/09-06/01/09 on the S&P) and there's a lot of short covering and people playing the breakout. At the end of the day, I don't see how the economy has recovered enough for this market to be sustainable at these levels. As good as earnings were, companies that posted earnings did so on COST CUTTING as revenues are down. Companies need to get back to normal operating conditions before any talk of a recovery can actually make sense. And for them to go back to normalcy, the economy needs to pick up. A slower rate of decline, or a small increase is not a recovery.

I don't really follow the DOW though. This is how I see it: the DOW is too narrow (only 30 companies), the Nasdaq is too biased (more technology companies) and the Russell is too broad (3000 companies). I tend to follow specific companies (usually based on volume since I like trading what's "hot") and the S&P 500.

i see. well earlier this year i was talking to my cousin about the economy and i predict that the same thing that happened last fall would happenagain this fall. i hope im right.

 

[kicksfiend]

^ I completely agree. This post on Zerohedge shows why.(BTW, Zerohedge is a GREAT blog)

"While in Q1 the YoY EPS drop was -31.49%, as of right now the drop is -32.41%. And the drop in revenues is much worse."

Things are not getting better. They may not be getting worst but our economy (IMO) is flatlining. I feel there's a divergence between the economy and thestock market. A divergence of this type means one would have to correct itself soon, and if the economy doesn't dramatically get better, it'll be thestock market correcting itself.

However, you can only play what the market gives you. So I've been taking short term long positions playing the market, waiting to pull the trigger on someshort positions. I was actually getting ready last night to buy some SEP5 09 Put options today. However I saw the futures running up and that didn't bodewell with me. I won't force shorts on the market like Dey Know Yayo did with GS (where is that guy btw?) cause I don't have the stomach for it. Norwill I sit back and watch the market make a 40% run and refuse to play it. It's a bad position to be in.

 

[lilchico4life]

Originally Posted by andycrazn

lilchico what changed you to get into blue chips and stocks that pay dividends?

Well I won't have much time to trade since classes begin soon. I'll still have my trading account but I also opened up an account for some longpositions that I can hold for a few years. I've transferred about $100k from my trading account into it. I'm trying to get evening classes so I cantrade during the day.

 

[nicefro]

DKY has a blog

www.shadowcapitalism.com

 

[andycrazn]

Originally Posted by kicksfiend

^ I completely agree. This post on Zerohedge shows why. (BTW, Zerohedge is a GREAT blog)

"While in Q1 the YoY EPS drop was -31.49%, as of right now the drop is -32.41%. And the drop in revenues is much worse."

Things are not getting better. They may not be getting worst but our economy (IMO) is flatlining. I feel there's a divergence between the economy and the stock market. A divergence of this type means one would have to correct itself soon, and if the economy doesn't dramatically get better, it'll be the stock market correcting itself.

However, you can only play what the market gives you. So I've been taking short term long positions playing the market, waiting to pull the trigger on some short positions. I was actually getting ready last night to buy some SEP5 09 Put options today. However I saw the futures running up and that didn't bode well with me. I won't force shorts on the market like Dey Know Yayo did with GS (where is that guy btw?) cause I don't have the stomach for it. Nor will I sit back and watch the market make a 40% run and refuse to play it. It's a bad position to be in.

the question now is when and how bad its going to be. i hope it comes soon cause the longer it is, the more severe the impact would be. it doesnthelp when the media is saying the economy is back on track.

then theres bernanke....... i hate that guy

 

[651akathepaul]

Gold stocks are having a significant gain today....2%

 

[teddy jam]

#*+% cbis up 25% today

it was at 50 cents today

 

[andycrazn]

Originally Posted by teddy jam

#*+% cbis up 25% today

it was at 50 cents today

lol im not chasing that. but gl if you are

 

[andycrazn]

Originally Posted by 651akathePaul

Gold stocks are having a significant gain today....2%

heh it might get knocked back down but once it breach 1000 its game over

 

[kicksfiend]

Before I get into anything I wanna say I'm posting this from my phone so I don't have any charts or information in front of me.

I don't trade commodities but gold has touched an upward resistance at around 1000 multiple times. The market seems to keep this figure in mind as theworst case scenario for inflation and equities hedging. Basically I don't see it breaking that unless a key event occurs for either of those things. Rightnow we're in a position where inflation could occur but we're closer to deflation rather than inflation. As for the equities side, if we see asignificant pullback occur (and the relative strength for the Nasdaq is at DotCom levels from what I read on Bloomberg earlier). I think for the time beinggold is gonna pullback (which may have just happened) and go on to test that 1000 level but without a major event occuring I don't see how breaking 1000could happen. Also commodities sold off quite a bit recently. The gain in Gold may just be the market sensing gold was oversold and adjusting.

As for CBIS. There are four major fears in trading: the fear of losing, the fear of selling a winner too soon, the fear of missing out and the fear of beingwrong. For CBIS, the fear of missing out applies. Don't let those fears affect your decisions. CBIS is a volatile penny stock. Yes, you couldve made moneyon it if it jumped. However, people shouldn't rush into it thinking that trend will continue. Make INFORMED decisions before you trade. Anyone trying toget into CBIS should consider shorting before longing the stock, just as due dilligence.

 

[kicksfiend]

Originally Posted by LiLcHiCo4LiFe

andycrazn wrote:

---

lilchico what changed you to get into blue chips and stocks that pay dividends?

Well I won't have much time to trade since classes begin soon. I'll still have my trading account but I also opened up an account for some long positions that I can hold for a few years. I've transferred about $100k from my trading account into it. I'm trying to get evening classes so I can trade during the day.


I'm in the same boat. I'm taking classes from 6-8 pm during the weekdays and a Saturday class (at 9:05 am smh). My only class during trading hours isCalculus II (for my math minor, I'm a finance major) but I believe it's from 11:30-1:00 so it's when volume's usually down. Also attendanceisn't mandatory so I know I'll be able to miss it if necessary.