Official Let's Make Some Money Off Stocks Thread
#1491
Registered User
Last night Cramer called out three hedge funds for causing big down-moves in the prior two days. (one Wednesday, two on Tuesday). I had no idea just one fund could cause such a broad deep dip.
Of course I hadn't heard about "fund of fund" managers either and how they supposedly don't have the same redemption window limits as a typical hedge fund member.
Of course I hadn't heard about "fund of fund" managers either and how they supposedly don't have the same redemption window limits as a typical hedge fund member.
#1492
Registered User
Originally Posted by amao20,Oct 24 2008, 02:09 PM
if that wasn't market manipulation in the last 10 minutes (from ~11:55-12:05pm Pacific) then I don't know what is. 100 point upswing and then back down 100 points within 10 minutes. Somebody was bidding the price up only to sell it back for a nice little profit.
#1493
Registered User
Originally Posted by sahtt,Oct 24 2008, 09:09 AM
ExOdy that doesn't make any sense to me. They are hedges. Certainly you don't want to buy SKF or EEV over 160$ but under 120 they are reasonable. Under 110$ is a safe bet, under 95$ is BUY BUY BUY if you think there is strong downside risk. It's insurance and you just sell them 75-90% towards their highs scaling in/out.
#1494
another way to hedge is shorting the same amount of the same company you own....if it tanks....you cover your short and move the money into the same stock. same value....less risk against downside.
I have only done it a few times....but it works.
I have only done it a few times....but it works.
#1497
Administrator
Thread Starter
Dude don't you sleep either?
Hong Kong down 12%, Europe down 6%, US futures off 4%, looks like a crash in slow motion. Just when you thought it couldn't get worse...
Glad I've decided to stay away and in cash, US cash. Worth $1.28 CDN$ today, compared to $0.92 earlier in the year.
Crazy shit. This is definitely history in the making.
Hong Kong down 12%, Europe down 6%, US futures off 4%, looks like a crash in slow motion. Just when you thought it couldn't get worse...
Glad I've decided to stay away and in cash, US cash. Worth $1.28 CDN$ today, compared to $0.92 earlier in the year.
Crazy shit. This is definitely history in the making.
#1498
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Join Date: Jan 2007
Location: TEXAS Y'all!
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As an example of how confusing this market can be to a non-financial type like me, someone (lookatme maybe?) mentioned copper as a play in another thread. The following three excerpts are from three separate "stories" in today's Reuters Daily Commodities Brief for 27th Oct 2008. Maybe I need more coffee, but they seem a bit contradictory to me.
1. Shanghai copper limit down, LME hits 3-yr low
SINGAPORE, Oct 27 (Reuters) - Shanghai copper and zinc fell by their daily limits on Monday after a 1-day suspension, and London metals also dropped as investors bet on further declines in global growth and more turbulence in financial markets.
"Commodity markets are very distressed and at times, drift into panic," a metals trader in Australia said.
2. China Sept refined copper imports up 9.9 pct on year-Customs
BEIJING, Oct 27 (Reuters) - China, the world's top copper consumer, imported 112,187 tonnes of refined copper in September, a rise of 9.9 percent from year earlier, the General Administration of Customs figures showed on Monday.
The September imports were up from 87,168 tonnes in August as buyers have increased spot imports on better margins.
3. Financial turmoil cuts China copper demand
NANCHANG, China, Oct 27 (Reuters) - The global financial turmoil and slowing economy may erase 100,000 tonnes of refined copper consumption this year in China, the world's top consumer of the metal, a senior copper analyst at state-owned research group Antaike said.
The financial fallout is likely to slow China's copper consumption growth to 7.5 percent in 2008 and to 6.1 percent in 2009, compared with 13.4 percent last year.
1. Shanghai copper limit down, LME hits 3-yr low
SINGAPORE, Oct 27 (Reuters) - Shanghai copper and zinc fell by their daily limits on Monday after a 1-day suspension, and London metals also dropped as investors bet on further declines in global growth and more turbulence in financial markets.
"Commodity markets are very distressed and at times, drift into panic," a metals trader in Australia said.
2. China Sept refined copper imports up 9.9 pct on year-Customs
BEIJING, Oct 27 (Reuters) - China, the world's top copper consumer, imported 112,187 tonnes of refined copper in September, a rise of 9.9 percent from year earlier, the General Administration of Customs figures showed on Monday.
The September imports were up from 87,168 tonnes in August as buyers have increased spot imports on better margins.
3. Financial turmoil cuts China copper demand
NANCHANG, China, Oct 27 (Reuters) - The global financial turmoil and slowing economy may erase 100,000 tonnes of refined copper consumption this year in China, the world's top consumer of the metal, a senior copper analyst at state-owned research group Antaike said.
The financial fallout is likely to slow China's copper consumption growth to 7.5 percent in 2008 and to 6.1 percent in 2009, compared with 13.4 percent last year.
#1499
Forget trading off data like that. Prices are being set by the money coming in and money going out. Right now it's still going out and dont' buy until you think it's coming back in. I've been buying off the lows, putting a stop under it, and selling the bounces if it's a bigger position than I am comfortable with or just a trade vs an investment.
#1500
Originally Posted by cthree,Oct 27 2008, 12:13 AM
Dude don't you sleep either?
Hong Kong down 12%, Europe down 6%, US futures off 4%, looks like a crash in slow motion. Just when you thought it couldn't get worse...
Glad I've decided to stay away and in cash, US cash. Worth $1.28 CDN$ today, compared to $0.92 earlier in the year.
Crazy shit. This is definitely history in the making.
Hong Kong down 12%, Europe down 6%, US futures off 4%, looks like a crash in slow motion. Just when you thought it couldn't get worse...
Glad I've decided to stay away and in cash, US cash. Worth $1.28 CDN$ today, compared to $0.92 earlier in the year.
Crazy shit. This is definitely history in the making.