Official Let's Make Some Money Off Stocks Thread
#832
Originally Posted by cthree,Sep 2 2008, 10:40 AM
There is a serious lack of confidence in much of anything except cash.
The lack of direction and conviction is higher then I've ever seen. At least the violence of the financials/oil/dollar previously was rational. Since that trade fell apart it's just mayham. You have to focus on longer term, significant risk is unavoidable near term at this point. Oil drops huge and the markets just sink in their own pity. VIX is up 6% today but still consolidating at relatively 'calm' levels. I still have my DZZ hedge on and expect oil to slide lower, but like you said it does keep capital tied up. Fortunately no one wants any "regular" gold either.
#833
Originally Posted by PearlwhiteS2k,Sep 2 2008, 01:18 PM
Man what a day it was today Satth I hope you did pick up some AAPL @ 166ish since you wanted to get in
Bought more AAPL today.
Bought more AAPL today.
#834
Originally Posted by ExOdy,Sep 2 2008, 10:27 AM
I'm really tired fighting of fighting the market on financials and retail but I truely believe that the market is wrong on it.
Hold on tight though, it could be a rough ride.
#835
Registered User
Bought UCBH back a month ago when it was $4.25 I made a $2 just today. I know financial stocks aren't hot but United Commercial Bank has been getting a bad rep. They never made any mortgage loans. Just you watch!
#836
Originally Posted by wantone,Sep 2 2008, 09:31 PM
Bought UCBH back a month ago when it was $4.25 I made a $2 just today. I know financial stocks aren't hot but United Commercial Bank has been getting a bad rep. They never made any mortgage loans. Just you watch!
#837
Administrator
Thread Starter
Originally Posted by sahtt,Sep 2 2008, 07:40 PM
Exactly what I've been feeling.
The lack of direction and conviction is higher then I've ever seen. At least the violence of the financials/oil/dollar previously was rational. Since that trade fell apart it's just mayham. You have to focus on longer term, significant risk is unavoidable near term at this point. Oil drops huge and the markets just sink in their own pity. VIX is up 6% today but still consolidating at relatively 'calm' levels. I still have my DZZ hedge on and expect oil to slide lower, but like you said it does keep capital tied up. Fortunately no one wants any "regular" gold either.
The lack of direction and conviction is higher then I've ever seen. At least the violence of the financials/oil/dollar previously was rational. Since that trade fell apart it's just mayham. You have to focus on longer term, significant risk is unavoidable near term at this point. Oil drops huge and the markets just sink in their own pity. VIX is up 6% today but still consolidating at relatively 'calm' levels. I still have my DZZ hedge on and expect oil to slide lower, but like you said it does keep capital tied up. Fortunately no one wants any "regular" gold either.
I'm sitting on these AAPL October $200 calls and I starting to think my timing is early. I'd feel a lot more comfortable with dec or jan expirations instead right about now. AAPL has been stuck on this 165-175 plateau for a long while now. It will break out soon but the clock is ticking and I'd really like to get moving already.
#840
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Originally Posted by cthree,Sep 3 2008, 02:20 AM
I'm sitting on these AAPL October $200 calls and I starting to think my timing is early. I'd feel a lot more comfortable with dec or jan expirations instead right about now. AAPL has been stuck on this 165-175 plateau for a long while now. It will break out soon but the clock is ticking and I'd really like to get moving already.