Official Let's Make Some Money Off Stocks Thread
03-19-2009, 06:05 AM
#1981
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I didnt get my money in soon enough so I am waiting for this rally to break and then Ill be ready for the next one to ride it up. For now I am just sitting on my old investments + cash. I dont think this is the recovery/bottom yet though.
03-19-2009, 12:20 PM
#1982
I think today we saw the first of big pullbacks. As soon as GE hit $11 in early morning it sank throughout the day and finished just above $10. I sold @ 10.27.
This rally is over. Let's wait for the next one. Citi/Fannie/Freddie look good for quick trading.
Strategies for the next rally?
This rally is over. Let's wait for the next one. Citi/Fannie/Freddie look good for quick trading.
Strategies for the next rally?
03-19-2009, 01:37 PM
#1983
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^ yea big short squeze on these. Did you see the volume, holy crap. Pretty good article here http://www.reuters.com/article/companyNews...9?symbol=8710.T
Edit: Thats wierd, they totally took all the info off the page, here's some of the verbage,.. wonder why they did that?
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"(My brokerage firm) said you can't short Citi and Freddie, and they said Citi particularly is very hard," Gates said.
"A similar stock loan pattern exists in shares of Freddie Mac, according to DataExplorers. On February 16 about 58 percent of lendable Freddie Mac shares were out on loan, but by Monday that figure had risen to 78.3 percent, with much of the rise coming in the past week. There has also been a slight increase in shares outstanding on loan for Freddie Mac, according to DataExplorers."
Edit: Thats wierd, they totally took all the info off the page, here's some of the verbage,.. wonder why they did that?
*************************************************
"(My brokerage firm) said you can't short Citi and Freddie, and they said Citi particularly is very hard," Gates said.
"A similar stock loan pattern exists in shares of Freddie Mac, according to DataExplorers. On February 16 about 58 percent of lendable Freddie Mac shares were out on loan, but by Monday that figure had risen to 78.3 percent, with much of the rise coming in the past week. There has also been a slight increase in shares outstanding on loan for Freddie Mac, according to DataExplorers."
03-20-2009, 01:13 AM
#1984
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Hello all,
I'm a college student and I just opened at new account at scottrade.com. I've read a dummy's guide to stocks and several articles on investopedia.com, but I'm a newbie. With the state of our economy and low stock prices, i thought it'd be a good time to start investing. I do not have any debt, and I'm planning to invest $2000. I'd really appreciate it if you guys could give me some advice. I'm planning on investing in Citi Group, AIG, Fannie Mae, and General Electric. I'm looking for long term (10+ year) investments. I know these investments are risky, but I feel like our government will not let these financial institutions go under, and I feel like their prices will rise exponentially when the market improves. Citi group alone was around 40 cents a couple weeks ago, and now its up to around $3. Could you guys give me some insight and advice. Is this a reasonable plan, or am I just wasting my money?
Thanks!
I'm a college student and I just opened at new account at scottrade.com. I've read a dummy's guide to stocks and several articles on investopedia.com, but I'm a newbie. With the state of our economy and low stock prices, i thought it'd be a good time to start investing. I do not have any debt, and I'm planning to invest $2000. I'd really appreciate it if you guys could give me some advice. I'm planning on investing in Citi Group, AIG, Fannie Mae, and General Electric. I'm looking for long term (10+ year) investments. I know these investments are risky, but I feel like our government will not let these financial institutions go under, and I feel like their prices will rise exponentially when the market improves. Citi group alone was around 40 cents a couple weeks ago, and now its up to around $3. Could you guys give me some insight and advice. Is this a reasonable plan, or am I just wasting my money?
Thanks!
03-20-2009, 11:48 AM
#1986
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Originally Posted by espelirS2K,Mar 20 2009, 06:10 AM
Why not WFC to replace one of them? They aren't going anywhere.. same with BAC.
03-20-2009, 11:57 AM
#1987
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FNM. Unless you watch your computer all day and never miss a second, FNM is a waste of time. It'll suck the life out of you (unless you're a serious day trader like I said).
03-23-2009, 07:35 AM
#1988
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The Dow is up 270+ points. What's everyone in doing? Are you guys taking profits or riding the rally up for a few more days? AAPL is looking good right now at 105.
03-23-2009, 08:49 AM
#1990
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It's great how everything bounces on any news story that involves "getting rid of bad debt" and "financials+government". Nothing is even settled, the fed is just CONSIDERING giving $1 trillion to the banks.. nothing is set in stone.
Though, I wonder what the market will do when the announcement is made..
Though, I wonder what the market will do when the announcement is made..