so what is the bullseye? Stash your money under a matress?

8/15/2007 10:40:46 AM

enron,duh

8/15/2007 10:44:52 AM

bulls eye is discipline.

you could find a trend and channel any combination of those stocks, or be diversified enough to not be bothered.

i try to find momentum, kind of like surfing a wave. sometimes i get wiped out for catching the wave at the wrong time.

8/15/2007 11:29:50 AM

alright sru, you still in VMW?

we're at 59 and some change now, already made about a grand, trying to figure out how long i want to ride this.

8/15/2007 12:49:56 PM

i'm still deep in this. a little over 300 shares between me and my dad's account. just sold some of what i had bought for my mom.

might not hurt to get out some of what you made (maybe $500 from that 1 grand you saw today), and let the rest ride. a small bird in hand will help you sleep easier.

i've got a sort of a non-option reverse straddle on this -- i got limit order to buy at 53 and a limit to sell at 60. its $1k in value first, which ever comes first wil go through.

i do think this will go higher in the coming weeks, and there is a floor on how low it can go because of the several months of lock up that insiders are bound to.

8/15/2007 2:10:37 PM

Does anybody play the "Its hurricane season, load up on energy/oil/natural gas stock"
Well I'm not sure what sector benfits the most from a storm but it seems people in BEXP (Brigham Exploration) and RIG are looking forward to a storm.

I'm kinda opposed to making money off the destruction of a hurricane, but hey, money is money.

8/15/2007 2:47:24 PM

^^ word, I may end up doing that.

^ The stock market is unpredictable enough as it is, but to combine that with another unpredictable thing like hurricanes is too crazy for me.

8/15/2007 2:55:29 PM

I am just starting to get into investing with the stock market and just wondering how many people use etrade? any other cheap, but good recommendations?

I am looking to buy some Index Funds probably VB any thoughts?

8/15/2007 3:33:23 PM

Quote :

"Does anybody play the "Its hurricane season, load up on energy/oil/natural gas stock""

I thought that the general trend was to pick up stocks like HD and LOW

8/15/2007 3:37:16 PM

BTW, VWO and ETV are on sale today

8/15/2007 3:41:54 PM

wtf is a Buy-Write Opportunities fund

8/15/2007 3:50:21 PM

They basically put together a solid portfolio and then write covered calls on their positions. The performance is mostly flat, but it pays a 10% dividend. Its a good fund in the long run especially because of the low taxes on dividends now.

http://www.eatonvance.com/mutual_funds/fund_info_closed.asp?fund=ETV&h=3

and its undervalued like crazy now:

NAV 8/14/2007 $ 18.64
Market 8/14/2007 $ 17.85

I also have some ETW, which is basically the same thing but it utilizes international stocks.

8/15/2007 3:54:40 PM

*sigh* another "ouch" day.
<--bent over

8/15/2007 4:28:31 PM

eugh, why the hell does it keep doing that at the end of the day

8/15/2007 4:34:08 PM

Because I played with myself in the shower this morning.

Sorry guys.

8/15/2007 4:44:39 PM

damn you!!!

8/15/2007 4:53:02 PM

It's been an interesting month, anyway. A week or so ago when everyone was screaming bloody murder about the subprime mortgages I was doing great. Too great, apparently, because now I'm getting a little of the ol' rapage myself.

I'm not really concerned about it in the long run but I'm pissed off that on the very same day I got everything ready for me to start trading my one and only stock (part of which was going to get sold off to finance other ventures) decided to take a little bath. So now I get to wait until ... it's done drying off, or whatever the logical conclusion to that metaphor is.

8/15/2007 5:12:01 PM

the best thing about VMWare is that it made me sell a nuch of crap to free up cash, and then gave me 10%+ returns when the rest of the market is down.

i was anticipating a BIDU like performance on the IPO, but i'll take this for now.

8/15/2007 5:21:26 PM

Just FYI:

"my advice

get out of the stock market, get out of all debts, use your dollars to invest/buy things of actual value before the dollar completely collapses

invest in guns, ammo, a storable food supply, an emergency water supply, water purifiers/filters"

-salisburyboy

/message_topic.aspx?topic=490310

8/15/2007 6:33:43 PM

^

8/15/2007 7:23:19 PM

He's not completely wrong if the US keeps up with the foreign policy, Immigration policy, and the spending policy.

Of course, only intelligent people would understand that all those predictions are for the long term, not tomorrow.

8/15/2007 7:25:02 PM

What about other countries?

8/15/2007 10:12:37 PM

in the long term, we're all dead

8/16/2007 6:48:52 AM

i've always hated that phrase "at the end of the day..."

i mean, come on, are you living your life just to break even or do you want a positive karmic balance?

...nevermind.



ok, i think we're near bottom. either that, or we're in for a real calamity. ...maybe this last shoe needs to drop:

http://bloomberg.com/apps/news?pid=20601087&sid=aVx_kBcPExEc&refer=home


i'll be building positions within this week and the next, as i start to some take profits on the large VMWare positions i have.

i'm going with the same theme as May 2006 (see 2006 stock thread).

i like some combination of the following (with an inclination towards the first 5 on that list):

ADRE
QQQQ
EWZ
FXI
IFN
RSX
FXY
UNG
XLE
DIG
XME
HHD
HHV
EWY
EWO
EWT
EWA
EWW
ILF
UVG
VWO
UCR
IAU
SLV
GEX



[Edited on August 16, 2007 at 11:28 AM. Reason : ]

8/16/2007 11:07:58 AM

Where can I find the ytd return for nasdaq and djia?

8/16/2007 11:38:09 AM

Quote :

" Quote : "yall ready for the 10-15% correction?" not gonna happen "

original quote posted by roddy
reply posted by ssjamind

8/16/2007 12:12:57 PM

[Edited on August 16, 2007 at 12:41 PM. Reason : ]

8/16/2007 12:29:22 PM

my stocks have taken a beating... definitely at the correction point..

8/16/2007 1:09:53 PM

the QID (2 x short nasdaq) is a top gainer today

8/16/2007 1:24:39 PM

I'm going to cry.

8/16/2007 1:47:34 PM

Times like this I'm glad the majority of my investments are in retirements accounts I won't be needing for another 30+ years.

8/16/2007 1:52:43 PM

it's still disheartening.

8/16/2007 1:54:25 PM

No more than when you donk away a few buy ins.

8/16/2007 1:55:47 PM

and thanks to Emigrant Direct I'm sitting here earning a cool 5.05% on a savings account

8/16/2007 2:04:46 PM

names like Bankof AMerica and Citigroup are doing better today, there's more treasury buying, and the materials & commodities are getting hammered. this feels like the beginning of the end of the correction.

look at this pic and think of it in sort of a micro-cycle:



[Edited on August 16, 2007 at 2:08 PM. Reason : ]

8/16/2007 2:07:28 PM

Looks likes theres a little afternoon recovery going on. Tempted to get back into VDSI.

8/16/2007 2:17:43 PM

Holy crap -- nice comeback.

8/16/2007 4:30:21 PM

http://finance.google.com/finance?q=vti

check out the double bottom in Feb/March, and the triple bottom/stairs downward last May.

feels like we're either forming a double bottom or the secong step down out of three now.

8/16/2007 4:49:24 PM

Sadia (SDA)?

got smoked pretty badly the last few days

5 star CAPS rating

don't see any problems with the financials

brazilian company, but do a lot of exporting

people gotta eat no matter what the stock market does

8/16/2007 6:13:06 PM

This is going to be much worse than LTCM, good luck to those who think we've hit bottom

8/16/2007 6:28:05 PM

how the hell do you figure that?

8/16/2007 6:41:25 PM

Impressive recovery today all around. If mine holds its water until tomorrow morning I think I'm finally going to start moving.

8/16/2007 8:54:35 PM

oh snap

the fed

8/17/2007 9:13:24 AM

myopic move imo.


sru, did you watch VMW pre-market?

I nearly had a heart attack. it was $49 and change and i checked again a minute ago and it was 59 and some change.

I think I may cut and run today. With the interest cut, we'll probably see a nice spike, and then sayonara.

I'll probably cash out of VMW and NUAN. I'm pot committed with TRID, and I think MDR is relatively recession proof (dependent in part, on oil prices)

[Edited on August 17, 2007 at 9:17 AM. Reason : agsdf]

8/17/2007 9:17:30 AM

Do people on here handle their own accounts or do they just have a broker handle everything?

I have a 401(k) through my company, but was thinking of opening an IRA.

[Edited on August 17, 2007 at 9:27 AM. Reason : .]

8/17/2007 9:27:07 AM

probably a good idea to take profits on the spike. you weekend will go better.

8/17/2007 9:27:13 AM

I wouldn't use a broker unless you have 50K+ to invest. If you just want to start an IRA go ahead and open a scottrade/vanguard/fidelity/etc account and get a nice index or target retirement fund.

8/17/2007 9:46:06 AM

Thanks.

I have Vanguard with my 401(k) and they seem to work pretty well. Thing is that's whole funds and not individual stuff that I think will appreciate well long-term.


[Edited on August 17, 2007 at 9:51 AM. Reason : .]

8/17/2007 9:50:11 AM

Yeah, I think I'm going to pick up some of Vanguard's 2050 fund through my Scottrade account in a month or so.

8/17/2007 9:54:31 AM

Feds cut rate by 1/2 point

http://www.msnbc.msn.com/id/3683270/

8/17/2007 10:05:10 AM