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- Sep 28, 2003
Congrats to everyone in AAPL, great pick!
TSLA wants to rip right now.
TSLA wants to rip right now.
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Originally Posted by aztec06jr
Looking to invest some more, AAPL is killing it but the entry point is high. I feel more comfortable with AAPL than Tesla though. Thoughts? It would be for a few more Gs.
Originally Posted by DaJoka004
Today was a good day. Hope y'all did well.
Hard to quantify what the effect would be on the GBP with the Olympics, because average turnover in FX markets daily is ~$4- $4.5 trillion a day, but it could drive up inflation forcing the Bank of England to be less open to QE which would be GBP positive in a round about way. I thought GBP/USD was going to breakout, but after RBA announcement and FOMC minutes today it really pulled back and made a bearish engulfing candle.Originally Posted by nocomment6
The GBP should also rise over the summer compared to other currencies, with the olympics coming up, no?
That's awesome man, congratulations. I'm trying to become an independent trader as well, you're living the dream!Originally Posted by freakydestroyer
Thank you for sharing your experience and insight. I learned a couple new things today to say the least. I first dabbed into the financial markets in 2008. I started off trading penny stocks and wasn't very successful at that (not many are as you might know). Then I took some time off from trading and studied extensively. I began studying the markets and different strategies and styles of trading and investing. Slowly but surely I found my niche in trend following/ swing trading. Then I studied basic chart patterns and things began to really click. That's what has brought me here today. I have no formal education in finance or economics nor have I worked in this field. Everything I know I learned online and from reading books. My goal is to not only trade for a living, but to become quite well off from it. That's my story in a nutshell, not quite as extensive as yours.Originally Posted by JC08
Anyways, what's your background freakydestroyer? Do you trade for yourself as your primary job?
Originally Posted by JohnnyRedStorm
I'm tempted to take a little off the table but I don't wanna sell if the market is gonna rebound. Anyone think this could be the start of a correction or just a simple pullback?
Einhorn Q&AOriginally Posted by FlacoBey
how do you guys research stocks, i'm looking to take a long position on something, but i want to do some research before i hop in the market
Originally Posted by cRazy dav0
got in on apple again today at 620 ... gonna ride a bit for a week or two ...
don't know how i'm gonna play earnings yet ...
I have a DCF model in excel I can send to anyone that's interested. Personaaly, I think discount models are crap but that's just me.Originally Posted by secretzofwar
Einhorn Q&A
That's a great explanation from my favorite hedge fund manager on his process. I'd also recommend possibly buying a DCF template to come up with your own price target
DCF Model
That's about the cheapest one you can get, and well worth it.
Originally Posted by JC08
I could see a bit of a relief rally next week, but there's a possibility that Spain could rear its ugly head and cause headline fear similar to Greece except that Spain is 4-5 times the size of Greece and is the 4th biggest country in the EU excluding UK. The Spanish debt auction today was ugly.
Also, the way the markets have reacted to Federal Reserve meeting minutes since Tuesday is a bit scary. The Fed essentially said that they expect US growth will be moderate and the unemployment should continue to gradually trend down and based on this assumption they won't do QE3. Instead of markets being bullish on the Fed's "upbeat" outlook of the economy, the markets sold off because the markets weren't expecting an end to cheap money/liquidity.