when lafta was recommending DNDN, I knew I should stay far away.

4/28/2009 2:41:50 PM

haha, Bobby, you did not want to lose 45% of your investment??

4/28/2009 2:48:16 PM

^DNDN will shoot up to over 30 when trading resumes; mark my words.

4/28/2009 3:19:54 PM

THIS HAS BEEN THE CRAZIEST DAY OF TRADING IN MY LIFE!!!!!!!!!!

my head is spinning right now but there is one undeniable fact, DNDN numbers are very good and despite what small individual investors do the fact is big players will want to get in on this stock so im not worried.

i just hope scottrade doesnt force me to sell my shares too early cause i bought on margin..
but im not negative at this point

4/28/2009 3:33:07 PM

4/28/2009 3:39:01 PM

Can someone explain what happened with DNDN?

4/28/2009 3:57:28 PM

pump and dump

4/28/2009 4:06:52 PM

^not really, the trades have been found to be erroneous

4/28/2009 4:08:46 PM

But NASDAQ is also saying they are going to keep them. So should I buy a shitload of DNDN tomorrow?

[Edited on April 28, 2009 at 4:21 PM. Reason : .]

4/28/2009 4:21:14 PM

I am very intrigued by this possible "brokerage error".... I have no doubt it will go back up. I just find the -45% incredibly funny/intriguing

4/28/2009 4:22:24 PM

hey lafta

no one really cares dude

4/28/2009 4:26:28 PM

If you didnt sell when it hit 24 you are an idiot anyways, hell if you didnt sell at 21 you are an idiot if you look at when this happened already 2 years ago. If you bought over 21 you are an even bigger idiot.

On a positive note my latest gamble on COIN has started paying off as it was up 66% today

4/28/2009 4:43:09 PM

^

its back up past 23

4/28/2009 4:47:05 PM

Back up to 26, and hopefully a big jump up tomorrow morning, we will see
but i gotta say what happened to day rattled a lot of small investors and im not sure if they'll be back tomorrow.

4/28/2009 10:50:11 PM

I dont think its actually back there just they adjusted the price to where it was before that massive dip, doesnt mean thats where it will open at once trading resumes. I hope for you guys that it does because I never wish losing money upon anyone, karma bitches and I need it haha

[Edited on April 28, 2009 at 10:51 PM. Reason : .]

4/28/2009 10:51:33 PM

it is back there, after hours trading resumed at 6:15 after they had a confrence call
but the stock was restricted by scottrade so it was hard to trade it
dont know what it will be like tomorrow so i'll be up early at 8am to keep an eye on it

4/28/2009 11:39:02 PM

It seems a bunch of stop loss orders got executed during a 70-second interval on DNDN:

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_D/threadview?m=te&bn=5342&tid=721433&mid=-1&tof=3&rt=2&frt=2&off=1#-1

At least it's back up to what it was earlier.

4/28/2009 11:40:19 PM

Yeah looks like those who didnt have a stop in (which I wouldnt say is the smartest move on a huge move like that) are gonna be happy while those who played it smart and did got screwed by someone I guess placing a huge market order sell right before the big news. Some people are gonna be really happy who were just bored and put in a limit order in like that 12-15 range though and it ended up getting filled haha

4/29/2009 8:15:57 AM

GDP was shit, CNBC doing their damnedest to try and put lipstick on that pig.

4/29/2009 8:38:00 AM

Mmmm thank you COIN for continuing to run and continue to help offset all the losses from last year, slowly but surely pulling back to almost even will be a good feeling when I get there

4/29/2009 9:50:55 AM

Quote :

"If you didnt sell when it hit 24 you are an idiot anyways"

4/29/2009 10:12:35 AM

Lol naw I just know I would have looked at the chart and see that this same thing happened 2 years ago and had my sell target at about the same point as it peaked last time. Anything above that is gravy and also go with the buy the rumor sell the news and sold at 24 before the actual announcement. Obviously someone else was thinking the same thing only difference is they had a couple million shares to dump and fucked anyone who had stops set in the process lol

Also lets not forget I went down in the blaze of glory with you on DCR last year so its not like I have a great track record of being right haha

[Edited on April 29, 2009 at 10:24 AM. Reason : .]

4/29/2009 10:20:30 AM

EDC still firing on all cylinders... it never pulls back enough for me to reload.

4/29/2009 11:00:08 AM

Oh lordy, 2 more set of 3x ETFs

TYD/TYO
TMF/TMV

4/29/2009 3:35:34 PM

http://www.marketwatch.com/news/story/shares-antiviral-drugmakers-rocket-flu/story.aspx?guid={75B2C473-FF09-43FC-8F5E-5F6BFD785CAD}&dist=TQP_Mod_mktwN

What are people's thoughts on trying to cash-in on the swine flu outbreak?

Biota Holdings (BTAHY) and GlaxoSmithKline(GSK) both have ties to Relenza.
Gilead Sciences (GILD) and Roche Holdings (RHHBY) both have ties to Tamiflu.

[Edited on April 29, 2009 at 7:15 PM. Reason : ]

4/29/2009 6:58:35 PM

If you wanted to really cash in you are about a week too late at this point, they all ran big and then pulled back. If we really do get a huge outbreak then it may make you some money but if it just kinda fizzles out and turns out to be just another media born frenzy then you may end up losing on it.

4/29/2009 7:13:04 PM

Quote :

"Also lets not forget I went down in the blaze of glory with you on DCR last year"

oh man, i remember now ... ...


no idea why FSLR up? i sold a half of the batch i bought @ 125

4/30/2009 9:59:29 AM

damnit

bought some DIA May 80 puts at 1.08, doubled down at 1.02, and because I have been getting battered so bad lately I went ahead and booked a small profit on em at 1.11

Currently B/A of 1.28/1.30

4/30/2009 12:34:36 PM

It's simply uncanny my timing. So I did ^ that trade only to see it rocket up within minutes after I made the trade.

So I get on the other side of it an hour or so ago and grab some May 85 calls for .69 I sit at my screen and watch it trade down to .62 or so, see it get back to around .7 and sit forever. I walk away, have lunch do some maintenance on the house, come back and see it near where it was. I lower my trigger from .79 down to .74 because I don't want to watch it today, within about 1 minute it jumps up to that and the order executes, and in less than a minute more it has jumped again to execute at .79 only to see it already turn and retreat a bit.

This seems to happen to me entirely too frequently.

4/30/2009 2:24:38 PM

A good article on ETF's for those who may not know as much as some on here:


http://online.wsj.com/article_email/SB124000593149930309-lMyQjAxMDI5NDIwOTAyMDk1Wj.html

4/30/2009 2:29:03 PM

That article is mostly about leveraged ETF's, not necessarily about ETF's in general. I'm curious, using the FAS, which this thread is familiar with, let's say I am shooting long term (greater than 2 years) and I know that the financial market is going to be higher than it is today, and I invest X dollars. If I'm confident and willing, I would make three times the move the regular financial ETF with no other catches? Seems really obvious that if the market is going to be higher in 3-5 years, especially after these horrendous events of the last 18 months, that a leveraged ETF (not just the financial sector, but this one has been beaten down nicely) would be a great way to go IF you have X dollars you can part with and not need for 3-5 years. Beating the S&P is great, but if you can beat it by 2x or 3x, why not, especially if the market has taken the beating it has. Seems to me these leveraged ETF's would be better suited long term, but they are only attracting day traders, when it's most risky??

[Edited on April 30, 2009 at 3:14 PM. Reason : .]

4/30/2009 3:12:03 PM

My FSLR is treating me great today!

4/30/2009 3:22:38 PM

^^ That's true, but the daily fluctuations are what fucks up leveraged ETFs.

Fun fact: SHLD has doubled in value since I dropped it before christmas.

[Edited on April 30, 2009 at 3:29 PM. Reason : .]

4/30/2009 3:25:45 PM

Yes, but if you're willing to sit on it for at least two years in a situation where we've had the worst bear market since the crash, the daily fluctuations wouldn't be a factor spread out over multiple years? That's basically my question, is there a catch to these leveraged ETF's besides the obvious twice or three times leverage they advertise. You pretty much assume the daily swings and all the insanity that comes with a 3X ETF if your in it short term. But if you could part with the money for a long time, seems too easy, it's like I'm looking for the catch.

[Edited on April 30, 2009 at 3:38 PM. Reason : .]

4/30/2009 3:36:47 PM

The leveraged ETFs have a time decay to them though thats why over a long term period you are likely going to lose money even if the market overall is up. They are great trading vehicles during volatile times like we have had the past 6 months because they can make much bigger moves if you are on the right side but in the long run they have both been heading south.

4/30/2009 3:38:42 PM

^ The volatility is what increases the time decay.

Didn't someone post a link a while back saying that leveraged ETFs will outperform standard index funds over a longer time line?

4/30/2009 3:42:55 PM

I guess the easiest thing to do would be to look at a 6 month chart of both FAS and FAZ and see if you had put money into either 6 months ago how much it would be worth now. In both cases you would have lost money so no matter which way the market is going both are slowly but surely trending down over time due to the decay over time. I dont have enough knowledge about them to predict the future but I would imagine no matter which you put money into in 6 months neither would be profitable or at least profitable enough to justify it over something else.

On a side note I once again didnt stick to my gut and got a little greedy and screwed myself on a trade at least for today. Had my sell set at 17 thinking thats where it would top out today, got to 16.95 and I smartly bumped it up to 17.10 to squeeze a bit more out since it looked to be making a good move. Sure enough got to 17 then headed right back down to 16 . Knowing my luck tomorrow will be a big red day and it will head right on back to 14 or some shit then Ill be able to hate myself over the weekend.

[Edited on April 30, 2009 at 3:57 PM. Reason : pwnt]

4/30/2009 3:54:10 PM

looking at the last 6 months isn't exactly the best way to predict what's going to happen the next few years. if that were the case nearly every company would be headed towards bankruptcy

4/30/2009 3:55:24 PM

This may be true for most stocks but when looking at inverse ETFs that are supposed to move in opposite directions based on the market and they both have gone down substantially then I think it holds a bit of valid weights. The question was what the catch to 3x leveraged ETFs were over regulars and Im just trying to point out why I dont think they are good long term investments.

4/30/2009 3:58:48 PM

Not a good day for me today....

5/1/2009 1:15:25 PM

im in DNDN until they get bought out for >$70

5/1/2009 1:42:19 PM

Effin hell

I follow a blog of a guy that is a pure charter, but all of his charts go back 10 years and he looks at the long term trends.

He posted about this stock

http://www.google.com/finance?q=stv

today and it was trading at 9.70 when I started trying to look at the fundamentals to see what I thought. At 9.70 it was up 16% or so and I liked the fundamentals but I thought it would see a bit of a pullback in the near term before it kept moving up. I didn't want to be hasty like I usually am and jump in it right away so I put a buy order in at 9.50 for 500 shares in my IRA and walked away. I come back curious to see how it finished and find it moved up another 14% already to close out the day.

Fuck.

[Edited on May 1, 2009 at 6:47 PM. Reason : .]

5/1/2009 6:46:52 PM

I want to start investing. I've got a sizeable amount of money just sitting in the bank and I want to do some productive with it.

1) Where do I start? What are some good books/websites that would help me get started?

2) What are some of the best sites for trading? After reading some reviews, it seems that TradeKing or OptionsXpress would be good for me. I need a site that will allow me to start with <$1000.

3) How much should I start with? I was thinking about starting small (~$500) and working my way up.


Any tips would be helpful. Thanks

5/2/2009 7:26:50 PM

^ i did Scottrade.com and it works well for me, cheap trades, some tips/help, basic utilities nothing too fancy i know of.

5/2/2009 7:33:18 PM

If you are wanting to just buy and hold for short (weeks) to long (year(s)) time frames, I'd highly recommend TradeKing over Scottrade simply because the commissions are a little bit better. I've actually used both platforms in the past year and trades seems to execute a little bit faster (talking seconds here) with Scottrade, but I like the site feel of TradeKing a little bit better.

You don't get free real time level II quotes with TradeKing if that is something you are interested, however, I've discovered after having Scottrade for a couple months and then moving all my cash out from there to TK, they've left the Scottrade account active so that I could easily fund it and use it again if I wanted. So I've very often been loading the Scottrade level II stuff and using that for my real time quotes and then just trading via TradeKing and not have to worry about paying any fees or maintaining 25 trades per month required for their streaming quote service.

If you decide you want to go with TK, let me know and I'll refer you. I only get $50 for it, but it's $50 more than I have.

5/3/2009 12:55:30 PM

would $500 be a good start?

I can go higher but I'm a total n00b at this. I have a basic knowledge of trading. I plan on researching and learning more before I start.

5/3/2009 7:13:04 PM

It isn't something you are going to want to buy and sell with. If you were to open and close a trade, even with TradeKings lower commissions, you've eaten up 2% of your initial capital on a single swing. Considering the market historically returns 7.5% a year, well, the odds are stacked against you. With such a small amount, a brokerage account isn't what you need. You're probably better off sticking it in some ladder CDs and coming back when you have more in the 3-5k range so that you don't feel the slippage from broker commissions as much.

5/3/2009 7:39:35 PM

EDC like whoa

5/4/2009 10:24:47 AM

What happened with coal? mine exploded today + 28% and + 35%. I didn't hear any news.

5/4/2009 11:16:47 AM

What funds?

5/4/2009 11:39:22 AM