I'd prefer a Mad Max type post-apocalypse.

10/10/2008 12:22:22 PM

I bet it'll be more like Children of Men, except we won't be sterile.

10/10/2008 12:24:56 PM

Why is AAPL up? They have been going against the big market drops the last two days. I wouldn't think that sub-$1000 notebooks would be that big of a deal.

10/10/2008 12:29:24 PM

We're down over 20% this month.

Fuck.

10/10/2008 12:41:27 PM

Got some BRK.B at the dip this morning

10/10/2008 1:20:50 PM

Quote :

" Quote : "for some positive news, oil is around $80 a barrel (down over 5) and unleaded gas is down about another 15 cents to $1.88 a gallon. At the rate it keeps dropping, we might see 2.50 a gallon gas. I actually didnt want gas to fall much below 3.00 a gallon, but now I am not worried too much about the demand side of oil in the nearterm, just want to see some mitigation to all the other economic downers with lower priced crude." http://www.guardian.co.uk/business/feedarticle/7847487 "

I dont think those cuts will make much of a difference. The market isnt trading on fundamentals right now. Its all emotion based. There are too many traders leaving the market place to keep oil at the levels it attained.

10/10/2008 1:27:21 PM

It's quiet, too quiet.

I really want to see us get back down to the morning levels. I can sell my FSLR and wait for a rally on monday so I can buy back TWM.

[Edited on October 10, 2008 at 1:39 PM. Reason : blah]

10/10/2008 1:33:36 PM

[Edited on October 10, 2008 at 2:03 PM. Reason : moar]

10/10/2008 2:01:06 PM

what about BUD?

The inbev deal is supposed to close at the end of the year at $70 per share. Today it's a $58 per share, being dragged down by the rest of the market.

easy ~20% gain in a few months?

or what am I missing?

EDIT:

ok, looks like they've gotta borrow $45 billion to complete the deal. so with this whole global credit crisis thing, there's a good chance that they won't be able to get the necessary financing.
http://www.thestreet.com/_yahoo/newsanalysis/ratings/10441522.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

[Edited on October 10, 2008 at 2:30 PM. Reason : asdf]

10/10/2008 2:26:42 PM

I picked up some COH and ATVI today.

10/10/2008 2:28:44 PM

I think there could be some good buys in stocks that are heavy energy users, like the package delivery, and perhaps some of the smarter airlines. I dont think anyone has forecasted that oil would fall this far this fast, and that should mean some surprise earnings in the positive.

10/10/2008 2:55:57 PM

Quote :

"and that should mean some surprise earnings in the positive"

Which will be completely overshadowed by the drop in earnings due to lack of demand caused by a crashing economy.

10/10/2008 3:02:11 PM

People have been forcasting a weak economy for a while. They have not been forecasting a near 50% decline in crude prices.


[Edited on October 10, 2008 at 3:07 PM. Reason : .]

10/10/2008 3:06:37 PM

I am sure most of you have access to real time quotes. market is trying to rally right now. down 322 200 with 50 48 minutes to go.

[Edited on October 10, 2008 at 3:12 PM. Reason : .]

10/10/2008 3:11:11 PM

I kind of like DAL as a high risk stock, the question will be how much oil drops, and how elastic demand for air travel proves to be.

I certainly like it better than GM at least

10/10/2008 3:18:07 PM

hey, Im already up on my GM Ive been up most of the day!

10/10/2008 3:37:00 PM

Here comes a bat shit crazy ending to the day.... Hold on to your seats!

10/10/2008 3:44:12 PM

this is crazy up down up down up down

10/10/2008 3:51:24 PM

Well, anything better than a 200 point loss is good.

I think the market is trying to find the bottom to build on. Hopefully the world markets will rally due to this turn around, or at least stabalize, and we can build on it MONDAY.

[Edited on October 10, 2008 at 3:57 PM. Reason : .]

10/10/2008 3:54:19 PM

^Sat?


This thread should be retitled "The Stock Market Collapse of 2008"

[Edited on October 10, 2008 at 3:56 PM. Reason : w]

10/10/2008 3:55:39 PM

forgot what day it was

Not to have a market collapse the day before the weekend will be great.

10/10/2008 3:58:23 PM

Monday Edition:

Lehman's CD's auctioned for *drum roll* ~8.6 cents on the dollar.

And now...

The "brokers with hands on their faces" blog!



http://brokershandsontheirfacesblog.tumblr.com/

10/10/2008 4:26:03 PM

funny blog in non-funny times, my good man.

10/10/2008 4:30:14 PM

10/10/2008 4:38:01 PM

^exactly

that's why I moved a lot of my cash into the market

10/10/2008 7:58:26 PM

http://www.wallstreetgreek.blogspot.com/2008/01/potter-is-buying-investment-banks.html

10/10/2008 8:05:03 PM

finally had to just part ways with some ill-informed alternative energy plays i made when i first got into the market early this year. with credit dried up a lot of these businesses will be eaten up. had to chalk it up as learning experience. (and capital loss )

but the good news: PERMANENT HOLDINGS ON THE CHEAP ABOUND. there are some amazing bargains out there in large caps that you can hold forever, trading at ridiculously low levels to value. i bought some JNJ today and will probably buy some more when the market inevitably drops after the long weekend. but look for big cash generators with little debt. healthcare/pharma (JNJ, UNH, SNY) and some defense (GD, HON) are particularly cheap right now relative to value. retail may have further to fall but NKE, BBY and even COH are well below intrinsic value.

10/11/2008 12:27:47 AM

I really wish I had graduated by now

I have no monies to invest

10/11/2008 8:24:06 AM

In buying, what's the difference between a limit order and a stop limit order?

Does a stop limit just set another conditional? If a stock hits X dollars, place a limit order when it goes to Y? It seems kinda redundant Why not just place the limit order for Y?

Quote :

"A stop order (also stop loss order) is an order to buy (or sell) a security once the price of the security has climbed above (or dropped below) a specified stop price. When the specified stop price is reached, the stop order is entered as a market order (no limit). A stop limit order combines the features of a stop order and a limit order. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or to sell) at no more (or less) than a specified price. As with all limit orders, a stop-limit order will not get filled if the security's price never reaches the specified limit price."

10/11/2008 9:35:31 AM

saw a video on cnn about who could imagine to get Microsoft stock for less than 20 bucks and how we needs heroes who are willing to buy in this market....lol

10/11/2008 10:42:57 AM

Taco Bell claims to increase profits in 2009

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20081008&id=9246447

10/11/2008 10:46:47 AM

^^^, Joe#'s, yeah, the stop limit buy order works like a stop order at first but once it's triggered by the price going higher than the stop price, the order becomes a limit order which only executes at the limit price or lower.

A stop order would trigger and then become a market order so that in a fast moving market, your purchase price could be significantly different from your stop price.

Note also that stop orders on a buy are usually done when you're buying to cover a short position. In this way you protect your profits.

10/11/2008 1:28:45 PM

Not sure if I answered your question completely so here's a better explanation (I think)

If your stop and limit prices are the same on a buy order, it does seem redundant unless you think the price is going to move further in a more favorable direction for you.

If you have different stop and limit prices on a buy order, you might want to not execute the buy until the price reaches your stop and guarantee that the purchase price will be less than the limit price. In a fast moving market, this wouldn't really matter. In OTC markets with low volume and/or liquidity it would be useful to protect profits.

When buying to cover, let's say you think the price will go lower than it is currently ($50). You set a stop price ($60) so you can protect profits just in case it goes higher. You also set a limit ($65) so that you can guarantee your price. This order would not execute unless the price hit $60 and the limit part would get you a purchase price of $65 or better. If this were just a limit order, it would have executed immediately because the initial price was $65 or better.

Now if the price went lower, you would want to reset your stop and limit prices for the buy to cover order or even better, use a trailing stop.

[Edited on October 11, 2008 at 2:24 PM. Reason : does that answer your question?]

10/11/2008 2:23:36 PM

Thanks for your reply. It does make a little more sense.

Quote :

"If your stop and limit prices are the same on a buy order, it does seem redundant unless you think the price is going to move further in a more favorable direction for you."

I guess what I'm having difficulty seeing is the purpose of a stop operating in conjunction with a limit, as it's the limit that sets the target price that you're willing to buy/sell at.

For example, if a stock is at $60 and I want to buy at no higher than $50, I would set a limit price of $50 and wait for that stock to drop to $50 (or lower) before my order is executed. What would be an advantage of using a stop limit instead of just a limit?

10/11/2008 3:17:28 PM

If you're buying long then there is no advantage in that situation. (where the limit price = stop price)

Let's make it a little different. If your stock is at $60, and you want to buy at no higher than $50, you would set your limit at %50 but you also think there is more downside beyond $50 so you set a stop at $45. The order is triggered at $45 and you guarantee that your price is <$50 and most likely around $45. I guess that would use useful if you're in institutional investor with a shit-ton of shares to buy where your purchase would affect the price but if that were the case then you probably use a conditional order anyways.

I'm not sure that there is really an advantage there since if the price only goes to $47 the order won't be executed at all. Using it for buying long seems more difficult to find a reason to use than buying to cover like the example above.

[Edited on October 11, 2008 at 3:51 PM. Reason : .]

10/11/2008 3:40:59 PM

Question answered. Thank you, sir.

10/11/2008 3:47:14 PM

boutght some more RIMM premarket @ 59.33

10/13/2008 9:30:30 AM

Taking bets on how long it takes the green open to turn red

10/13/2008 9:34:05 AM

10/13/2008 9:34:44 AM

My GM pick is already paying off. Up around 30% from where I bought it on Thursday.

10/13/2008 9:35:08 AM

You playing it long or short? If you are playing it short I would probably go ahead and sell it lol

10/13/2008 9:36:25 AM

Im playing it long. I am betting on a 2-3x return on investment in less than a year, with possibility of much more after a year. If the company goes bankrupt, then i expect to lose it all, however, if they survive and dont declare bankruptcy (I think thats the case), then I could see very significant return in my investment.

Since they announced a merger with Chrysler on Friday (possible), I consider this really good news. Companies that intend to go bankrupt dont buy other companies.

[Edited on October 13, 2008 at 9:41 AM. Reason : .]

10/13/2008 9:40:57 AM

tell that to circuit city and blockbuster

10/13/2008 9:43:35 AM

lets not compare one of the biggest corporations in the world with 20 billion of cash on hand, and a government that seems suited to bail out the bigs whenever they have to, to two retail stores. not quite the same boat.

10/13/2008 9:47:53 AM

Of course if you are playing it long you may still want to consider selling today and then rebuying a bigger stake later in the week as people begin to sell on any rally and the price drops. I told myself to do this during the last spike we had and didnt and now Im kicking myself pretty hard for it.

10/13/2008 9:59:51 AM

^^ - I made that bet with CC and was up 3x my buy in and got greedy and did not sell - now I am kicking myself.

10/13/2008 10:02:11 AM

is this early morning rally going to last?

10/13/2008 10:04:34 AM

I dont have a big position in it. I had told myself that if the stock were down this morning, then I would triple my position, and buy 2 more blocks, but it opened (not that high anymore) around 7.50 a share. Im just going to hold on to what I have for the time being.

10/13/2008 10:06:38 AM

If I had to guess based on the past month it will slowly come down and then everyone will panic and sell off anything that is slightly profitable they may have bought and then we will be in the red again. I hope I am wrong lol

For instance its already pulled back 100 points from early this morning

[Edited on October 13, 2008 at 10:08 AM. Reason : .]

10/13/2008 10:07:13 AM

Damn, I just realized I made money on Friday. What a nice change. It had been too long.

10/13/2008 10:11:21 AM