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September Stock Discussion

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Legend
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Posted: #76
Interesting comparison between 1987 and 2009. Actually there is no comparison. Totally different.
 
I will agree. the October panic in 1987 was mostly caused by unrestricted stock futures vs "fair value" computer generated selling that got out of hand. although it did trigger some margin calls that caused the final "washout", there wasn't the 10 or 20 to 1 margin leverage of the 1920's that caused the cascade back then.
 
problem NOW is that various "investment firms" like the Hedge Hogs have found ways around the standard SEC 50% margin restrictions on stock. IF you grt another spike down, those weasels will get forced liquidations.
 
Captain
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Posted: #77
Gonna try and make a few quick bucks off FAZ again. Bought in again today at 22.10.
 
Veteran
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Posted: #78
Quote Originally Posted by grapevinekid:

Gonna try and make a few quick bucks off FAZ again. Bought in again today at 22.10.


Good luck . . . and don't hold too long.  That is one scary ass stock to hold.  Probably the scariest one out there. 


 
Covers Linesmen
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Posted: #79
I nibbled at 22 a bit today myself.
 
Covers Linesmen
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Posted: #80
So much for my theory of a market retrace, if today is up I think we have one down day since Labor Day.


 
Veteran
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Posted: #81
Quote Originally Posted by VirginiaHoldem2:



Good luck . . . and don't hold too long.  That is one scary ass stock to hold.  Probably the scariest one out there. 




FAZ taken behind the woodshed again.  Now in the teens.  That stock is just a glutton for punishment. 

I'd say the market has to be down tomorrow but I've been saying that for the last 4 days.  Who knows anymore.


 
Captain
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Posted: #82
That FAZ is just too risky in this environment.     You need Financial Armageddon, fear,and panic for this inversely leveraged ETF to work again.

What will cause something like this; (collapse of Commercial Real Estate, plunging home values due to fewer buyers and the $8k tax credit wearing off, etc. ??? )

I don't know, but it seems you need for some big event to materialize for this to work again. 

 
Legend
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Posted: #83
they finally snaprolled the gamers today after they made new recovery highs early in the session. be interesting to see what happens thursday although most were up from their late session lows in the after market.
 
I still think it will be hard for the mutual fund lemmings NOT to own the likes of LVS, MGM and WYNN going into the end of the quarter.
 
on a side note: I think that IF MGM is a 12-14 stock them BYD, which is in much better financial shape and actually making a profit, is probably worth a LOT more than 11
 
All-Star
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Posted: #84
I wouldn't short this market, particularly bank stocks, they're poised to roll.
 
Prospect
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Posted: #85
WANT A GOOD BUY CMIN A JUNIOR GOLD STOCK AT 1.40 WILL BE 1.60 BY OCT. 1
 
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Posted: #86

 Is there any reason NOT to own Goldman Sachs stock? Serious question...I do own it (small position)...but reviewing the portfolio weekly, I wonder.


A year after the collapse of Lehman Brothers, many firms have seen their value decimated by the stock market.

A surprising number, however, have added billions of dollars to their worth. And, perhaps even more shocking, these companies were key players in the Wall Street meltdown of 12 months ago. According to data from Standard & Poor's and Bloomberg, the U.S. company that increased its market capitalization the most in the past 12 months is Goldman Sachs Group (GS).

Goldman Sachs boosted its market value by $37.3 billion from Sept. 14, 2008, the day before Lehman filed for bankruptcy, to Sept. 15, 2009.


 
Prospect
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Posted: #87
Goldman is in a class of all its own. Its proprietary trading models will drive their profitability until investment banking and research get back on their feet. The key is to ride GS for all you can and then trim the position as the market rolls over and pulls back. Once that happens, you can jump back in with 2 feet and ride it well into the future.
 
Covers Linesmen
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Posted: #88
So DELL buys Perot..very interesting to say the least.

I dont see awesome margins at Perot, but I guess Mike sees some potential synergies on the deal to shell out 1.5 times sales on a company who has operating margins of 7%.

Odd.....
 
Covers Linesmen
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Posted: #89
AIG is flying...good for the government and us but amazing the stock is off to the races again today.
 
Legend
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Posted: #90
ETFC trying to get thru $2 again. that would be somewhat of a brakout from it's june overhead.
 
little asian games and gaming stock GIGM running again today. opened with a snap down to 5.20 BUT reversed @ 5.64 with 45 mins to go. holds here it could be headed north of 6.  
 
Prospect
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Posted: #91
question ?  I have $5000.00 sitting on the side right now Also Invested $25.000 in a Mutual fund ONGIX this past Feb. It has done nicely up around 21% I would like to invest the 5K in some stocks but dont know which ones. Can any of you give me some advice. Would like some quick gains.
 
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Posted: #92
Of coarse we all want quick gains, much easier said than done.
 
The first thing I would do if I were you is get into a better mutual fund.
 
Don't mean to rain on your parade but 21% since feb. is pathetically poor mutual fund in this market.
 
My top mutual fund for the year, counting catching the downside of january which you didn't do is up 76%. And several others up over 50% and 60% for the year.
 
All-Star
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Posted: #93
Art Cashin is just a big blow-hard full of useless mumbo-jumbo----like 99.99% of anyone on CNBC.
 
Let's face it, the CNBC talking heads take their cues from daddy GE.  GE talks, and CNBC peeps jump.
 
Therefore, if you can catch GE moving up on good news, jump on the bandwagon and sell at the close------other than that case, CNBC is a waste of time.
 
All-Star
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Posted: #94
CNBC has had some real dorks on its show-----remember Ted David?  Orange faced umpa-lumpa.....that was he.
 
 
 
 
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Posted: #95
As far as "the market?"  Who knows?....I don't.  What I do know, though, is that there is very thin volume right now.  That will all change during October earnings (3Q) season.
 
Just buy gold on the dips when the central banks dump theirs on the market------no way in God's hell to avoid vicious inflation coming to a theatre near you about 9-12 months from now.
 
Prospect
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Posted: #96
Thank you Claw for the response. If I my ask, which I will. What Mutual Funds should I be looking into at his time. Also where should or would be a good place to invest the 5K I have sitting. Thanks for your time.
 
Covers Linesmen
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Posted: #97
Quote Originally Posted by claycourtlesson:

CNBC has had some real dorks on its show-----remember Ted David?  Orange faced umpa-lumpa.....that was he.
 
 
 


How long has Mr.Fake Tan been off the network?


 
Captain
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Posted: #98
A very worrisome statistic. 

Since the March 9th low, the S&P 500 has averaged a daily gain of 0.31% a day.  That is an astronomical rate of growth. So much so, that its 3 times faster than the previous highest growth rate we saw in 1982. 




 
 
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Posted: #99
WSC-
 
Hey, man, hope all is good and that the stock market/gambling gods are being kind to you.
 
That dork Ted David has been off CNBC for quite some time, I believe.  Haven't seen him on Bloomberg or FBN, either.  Only guy worth a damn on CNBC is David Faber------no theatrics (Santelli, Cramer), just tells it like it is and actually has decent info.  The rest are worthless.
 
Cheers
 
 
Covers Linesmen
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Posted: #100
CC,

Faber is full of himself and isnt worth much either if you ask me. He isnt an investigative reporter, he doesnt find things out, he gets a story and reports it.

I cannot watch guys like that who think they are actually bigger than what they are.

Santelli is almost to that level, used to be an average joe just reporting the info, now they have him yipping and commenting, it has taken away most of what is good and now he is just assimilated into the big ugly GE machine.
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