Official Let's Make Some Money Off Stocks Thread
09-15-2008, 01:24 PM
#1011
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how about Goldman trading under 7 times earnings? i know they avoided subprime exposure, in fact their prop trading group was making money on the other side of it. seems to me the stock is just being dragged down by sector (and general market to an extent) bias...
09-15-2008, 01:29 PM
#1012
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Originally Posted by philbert,Sep 15 2008, 01:24 PM
how about Goldman trading under 7 times earnings? i know they avoided subprime exposure, in fact their prop trading group was making money on the other side of it. seems to me the stock is just being dragged down by sector (and general market to an extent) bias...
09-15-2008, 02:27 PM
#1017
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Originally Posted by chrisjgiuliano,Sep 15 2008, 02:23 PM
This makes me sad. I wish I had more free cash to snap up some stuff. Any thoughts long-term on Citi?
09-15-2008, 02:53 PM
#1018
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I've said it once, and I'll say it again.
Long live the SKF. Even though that pos should be trading over 200 right now.
I traded NUE/AKA and ATW/DO for most of the day. The banks had heavy volatility in the morning I got a few decent trades out of. JPM especially. Didn't turn out to be as good of a day as I thought it would be though honestly, more or less average $ wise. GS at 130 is incredible but the discount is reasonable if they are forced to deal with all the nuclear waste they sold. My guess is with their relations to the treasury and the current banking crisis, it won't happen.
If WM and AIG bite the dust, look for a bottom and try not to let fear influence your trades. If the stock market goes to zero we are all screwed anyways.
Long live the SKF. Even though that pos should be trading over 200 right now.
I traded NUE/AKA and ATW/DO for most of the day. The banks had heavy volatility in the morning I got a few decent trades out of. JPM especially. Didn't turn out to be as good of a day as I thought it would be though honestly, more or less average $ wise. GS at 130 is incredible but the discount is reasonable if they are forced to deal with all the nuclear waste they sold. My guess is with their relations to the treasury and the current banking crisis, it won't happen.
If WM and AIG bite the dust, look for a bottom and try not to let fear influence your trades. If the stock market goes to zero we are all screwed anyways.
09-15-2008, 03:16 PM
#1019
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Originally Posted by hpark,Sep 15 2008, 04:30 PM
Any reason why I shouldn't be buying gold right now? Seems like feds printing more money....talks of interest rate cuts.
09-15-2008, 03:21 PM
#1020
Administrator
Thread Starter
Originally Posted by [gTr
,Sep 15 2008, 05:29 PM] From what I have heard GS is not as safe as we (common investor with some info) think it is. Analysts are looking at it very closely right now and some say it has some pain to come. How much, no one knows.
They can delay the write downs as long as they can continue to remain liquid and raise capital by trading in the market. Once they misstep, as everyone eventually does, they will face the same fate.
There is a lot of pressure for them to open their books and that will grow. They will not be spared.