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August Stock Discussion

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Posted: #26
Some quick stats:

  • BAC up 8 days in a row (33%)
  • JPM stock price of $41.78 was last at this price when DOW was 14,500
  • FAS up 5 days in a row (35%)

 
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Posted: #27
Sorry DOW was 12,500 then.
 
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Posted: #28
It's probally the rise in home prices for the first time that's driving the financials today.
 
With any good news in the real estate market the banks and morgage co. are going to roll, they are still well down off thir highs. 
 
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Posted: #29
Quote Originally Posted by theclaw:

It's probally the rise in home prices for the first time that's driving the financials today.
 
With any good news in the real estate market the banks and morgage co. are going to roll, they are still well down off thir highs. 


True . . . . but when you put JPM's current stock price in perspective of when it was there last it makes no sense.

Add in that they have been significantly diluted through capital raising and I just don't get it.

Maybe other banks are undervalued but JPM seems over valued.  Of course that could only mean it will continue to go up.

Maybe their earnings power is now higher through the purchase of WAMU and Bear.  Who knows.
 
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Posted: #30
VH2,

I think your comment was correct, they got Bear and Wamu assets for cheap and that expanded their retail presence very nicely.


 
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Posted: #31
AIG up another 7 bucks today, but backing off some.

Trying to get more FAZ at 25.40




 
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Posted: #32

Long-term mutual funds saw net inflows for the 20th week in a row amid another week of large amounts of money flowing in to bond funds, according to figures released Wednesday by the Investment Company Institute.

Total estimated net buying was $12.53 billion in the week ended July 29, bringing the total for the past 20 weeks to just less than $200 billion.

Stock funds had estimated inflows of $3.4 billion, compared with $2.21 billion the previous week. At the same time, bond funds continued to attract money as their inflows rose to $8.57 billion from $8.17 billion the previous week. Taxable funds took in $6.84 billion, while municipal ones got $1.73 billion.

Separately, assets in money-market funds fell $34.31 billion in the latest week amid steep withdrawals by institutional investors, as the seven-day yield on taxable money-market funds slipped to another record low, according to iMoneyNet's Money Fund Report. For the week ended Tuesday, total assets in money-market funds decreased to $3.558 trillion.

 
Legend
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Posted: #33
I went to short FAS again today and TD Ameritrade wouldn't let me. Says those shares aren't available to short. 
 
I also have a TD trading account and have had the same with LVS. usually it's saved me money because the stock continued to go up. I've actually taken that "no stock available" as a signal to go long lately and it's worked most of the time.
 
and their is NO stock available in LVS today (thursday 8-6) with the stock around 11.60 which is one month highs.
 
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Posted: #34
I agree Rat..

Its a great contrarian indicator, no doubt about it..
 
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Posted: #35
Lets see if they keep bringing it back before the close..already made up over half the losses in just the last 20 min or so.


 
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Posted: #36
half an hour to go and it looks loke the rally is fading, walls.
 
"now the turkeys are running to the other end of the yard"
 
went long 5k of CIT @ 1.60 for a trade.
 
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Posted: #37
GL on that trade..you are looking for 10-30 cents I would imagine right?

I bet they try to take the DOW positive in the last 10 minutes.
 
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Posted: #38
I bet they try to take the DOW positive in the last 10 minutes.
 
nope, faded. they couldn't lift them BUT looks more like profit taking than a reversal. I'm looking for maybe 2 bucks in CIT BUT I also wouldn't be suprised to see under 1/50 again too. IF that happens and it's NOT one some kind of "Oh my GOD!!!" news, I will add.
 
kind of PISSED I couldn't get that LVS short off. closed @ 11.15. I called them and pitched a bitch and they gave me 20 free trades though. TD is pretty good about that for their active traders. still, in the past, "no stock available" has usually ment higher in the future.
 
will see what happens this time.
 
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Posted: #39
1/50 should be $1.50
 
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Posted: #40
Quote Originally Posted by LeRinkRat:

I went to short FAS again today and TD Ameritrade wouldn't let me. Says those shares aren't available to short. 
 
I also have a TD trading account and have had the same with LVS. usually it's saved me money because the stock continued to go up. I've actually taken that "no stock available" as a signal to go long lately and it's worked most of the time.
 
and their is NO stock available in LVS today (thursday 8-6) with the stock around 11.60 which is one month highs.


Yeah Ameritrade is what I tried to use too and said the same thing.  Frustrating.  Seems everyone has the same idea with avoiding FAZ and taking the short on FAS to avoid the decay.
 
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Posted: #41
NO LVS stock to sell @ TD again friday. stock up to 11.70 (11.84 interday) and SHOULD gbe up against resistance. with those shorts out IF it can print a 12 it COULD go for a run.
 
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Posted: #42
The way they are moving this market, I dont see them coming back..intraday highs, a little rest and back up.

I bet we are up 200 plus today.
 
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Posted: #43
would you add  to FAZ at 24.70  now
 
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Posted: #44
Quote Originally Posted by brooklyn1:

would you add  to FAZ at 24.70  now


I have an order in at 24.40 for the next leg in.

This trade will take a while to work out, no doubt about it.
 
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Posted: #45
Wall , you got your 24.40  i went with you good luck
 
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Posted: #46
Quote Originally Posted by brooklyn1:

Wall , you got your 24.40  i went with you good luck


It isnt done being ugly, this could go to 20 easily.

I will keep nibbling about every buck down, this is going to be a tough battle no doubt about it.
 
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Posted: #47
I bet we are up 200 plus today.
 
their really trying going into the afternoon. +175 right now and climbing
 
the gamers are FLYING. almost looks like "run in the shorts" blowoff. LVS over 12 and up 1.20. BYD over 10 and up over a buck. WYNN looks like it might make it to 60. even the MGM dog is barking. up 0.80 and trying for 9.
 
I think the last hour will be interesting in those. STILL NO LVS to sell @ TD and, like I thought, when it printed 12 it went right to 12.30 with a 12.42 interday (so far). I wouldn't be suprised to see some last hour selling considering the move this week. LVS was a $9 stock and MGM $7 last friday. IF there IS a selloff, I would think MGM would be the most vulnerable
 
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Posted: #48
got off 2k ss of MGM @ 8.92 to play an "I got MINE" reversal. stop @ 9 if I'm wrong.
 
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Posted: #49
That is too tight of a stop..a 8 cent stop is only losing 160 bucks!
 
 
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Posted: #50
why ya think I got the  emoticon? besides IF it hits 9, it probably runs like LVS which is current 12.67 + 1.54 interday 12.82.
 
last hour or maybe even half hour like a week ago thursday tells the tail.
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