Official Let's Make Some Money Off Stocks Thread
10-13-2008, 12:00 PM
#1432
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Originally Posted by hpark,Oct 10 2008, 12:07 PM
I'm predicting DOW crosses 10,000+ by next friday.....but I will not actually put money where my mouth is 
10-13-2008, 01:22 PM
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Originally Posted by wifeb123,Oct 13 2008, 10:40 AM
I don't expect this rally to last past today...I'm actually surprised its lasted this long... especially with the VIX above 60 still...
10-13-2008, 02:27 PM
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Originally Posted by sahtt,Oct 12 2008, 02:53 PM
Futures are up and slowly gaining momentum. If we open up significantly, say 300-400, we will either get our 1,000 point rally or the forced selling will rear its ugly head at an alarming rate. Should be a good trading day regardless, pretty pumped up.
10-13-2008, 02:28 PM
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Originally Posted by amao20,Oct 13 2008, 08:30 AM
i wish i had the balls to buy and sell in big chunks like that, sahtt. these giant up and down days could be extremely profitable for savvy day traders. though i imagine if you're caught on the wrong end, that could spell disaster but my bag holder's portfolio is pretty disastrous anyway.
i've been buying some blue chips/dividend payers. picked up ge and krft yesterday. looking for jnj, pg, cl, clx. i imagine i'll have a few months to save up the cash for these, so i'm in no rush.
i should have went with my gut and dumped some money into apwr last week. nearly $1b in backorders, yet they were taken down to $200m market cap last week. though the question is whether they are exposed to any short/medium term borrowing issues due to the ongoing financial mess. either way, i like them long term so i may consider picking up a small holding for the long term.
i've been buying some blue chips/dividend payers. picked up ge and krft yesterday. looking for jnj, pg, cl, clx. i imagine i'll have a few months to save up the cash for these, so i'm in no rush.
i should have went with my gut and dumped some money into apwr last week. nearly $1b in backorders, yet they were taken down to $200m market cap last week. though the question is whether they are exposed to any short/medium term borrowing issues due to the ongoing financial mess. either way, i like them long term so i may consider picking up a small holding for the long term.
My actual day trades at work are usually 2-3 seconds in duration and have nothing to do with guessing where a stock is going, which is almost impossible over the short term.
Exceptions are when there is massive support in one direction. For instance, I got a couple points out of DIG near the end of the day just holding it for a couple minutes.
10-13-2008, 05:50 PM
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Originally Posted by 9K-S2K,Oct 13 2008, 05:02 PM
What do you guys think of GM's stock? Relatively cheap and I don't think they are going anywhere...
10-13-2008, 06:48 PM
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There were people here buying at 10$ with your same logic. Remember, you can always* divide the stock price by two and end up in the same boat. Always. Ford was at 1.99 two trading days ago. From 5$ that's a longgg drop.