Stock Market

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Re: Stock Market

Postby ExPatriatePen on Mon Aug 08, 2011 11:23 am

I say we lynch Devon Sharma. J/k

But his companys two trillion dollar mistake played a big role in today's carnage.
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Re: Stock Market

Postby Letang Is The Truth on Mon Aug 08, 2011 11:49 am

ugh
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Re: Stock Market

Postby JeffDFD on Mon Aug 08, 2011 6:54 pm

Dow under 11k. Loses most in one day since 2008. Down 635 (well, 634 and change for you glass half full types!)
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Re: Stock Market

Postby JeffDFD on Tue Aug 09, 2011 9:15 am

Stock future set to go up...how much, if any, of the 600 + that it dropped yesterday will it regain?
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Re: Stock Market

Postby newarenanow on Tue Aug 09, 2011 10:23 am

Up 167 as of 20 minutes ago.
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Re: Stock Market

Postby steve784 on Tue Aug 09, 2011 10:37 am

Let's just say I'm very happy with some of the stocks I bought yesterday.
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Re: Stock Market

Postby mac5155 on Tue Aug 09, 2011 10:53 am

What does everyone use to buy/sell? eTrade, etc,?
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Re: Stock Market

Postby Ossa on Tue Aug 09, 2011 11:02 am

Scottrade is better than Etrade or Ameritrade, imho
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Re: Stock Market

Postby Letang Is The Truth on Tue Aug 09, 2011 11:04 am

i have an account via fidelity that i have associated with my credit card that i use for trading
Last edited by Letang Is The Truth on Tue Aug 09, 2011 11:05 am, edited 1 time in total.
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Re: Stock Market

Postby steve784 on Tue Aug 09, 2011 11:05 am

mac5155 wrote:What does everyone use to buy/sell? eTrade, etc,?


I use Scottrade. If you're interested in joining PM me so that we both get 3 free trades for a referral!
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Re: Stock Market

Postby KennyTheKangaroo on Tue Aug 09, 2011 11:06 am

kenny the kangaroo uses optionshouse. note: kenny the kangaroo does not trade options, but enjoys optionshouses cheap trades (2.95 each)
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Re: Stock Market

Postby steve784 on Tue Aug 09, 2011 11:08 am

KennyTheKangaroo wrote:kenny the kangaroo uses optionshouse. note: kenny the kangaroo does not trade options, but enjoys optionshouses cheap trades (2.95 each)


Wow that is cheap.
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Re: Stock Market

Postby mac5155 on Tue Aug 09, 2011 11:41 am

Can I just toss in $50 and have a little fun at first to learn?
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Re: Stock Market

Postby JeffDFD on Tue Aug 09, 2011 12:05 pm

mac5155 wrote:Can I just toss in $50 and have a little fun at first to learn?


Not really. If you want to get into a mutual fund, most have minimums around 2500. You can find some lower, though.

If you want individual stock...$50 won't buy you much and, if wherever you buy from has a commission of, say, $5 - there went 10% of your funds right there. hard to make a profit starting at a 10% loss.

There are websites out there that let you pick stocks for free to learn about the market. www.fool.com is one. You thumb up or thumb down a stock and then start getting a score based on how your stock performs against the market (not gain or profit, just versus the index - SP 500 I believe - so you technically could GAIN points if the market falls 2% points and your stock only falls 1%)
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Re: Stock Market

Postby KennyTheKangaroo on Tue Aug 09, 2011 12:06 pm

most brokerages require an initial deposit of something like $1,000 or so.
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Re: Stock Market

Postby Letang Is The Truth on Tue Aug 09, 2011 12:09 pm

KennyTheKangaroo wrote:most brokerages require an initial deposit of something like $1,000 or so.


i think my fidelity was slightly less but somewhere around there
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Re: Stock Market

Postby ExPatriatePen on Tue Aug 09, 2011 12:28 pm

Fed decision due at 14:15 EDT

I'm thinking no matter what the Fed says, the market is going to be disappointed.

getting ready to go short here, but I'm really nervous about shorting an oversold market.
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Re: Stock Market

Postby Ossa on Tue Aug 09, 2011 2:28 pm

Fed says to hold rates low through mid-2013

http://www.marketwatch.com/story/fed-sa ... 2011-08-09
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Re: Stock Market

Postby JeffDFD on Tue Aug 09, 2011 2:35 pm

ExPatriatePen wrote:Fed decision due at 14:15 EDT

I'm thinking no matter what the Fed says, the market is going to be disappointed.

getting ready to go short here, but I'm really nervous about shorting an oversold market.


Did you do it??? Dow was up 200 and now is close to even.
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Re: Stock Market

Postby Sam's Drunk Dog on Tue Aug 09, 2011 2:46 pm

Fed fail.

Market down over 120 points now after their statement.
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Re: Stock Market

Postby JeffDFD on Tue Aug 09, 2011 3:33 pm

Holy cow...and now it is all the way back up to +150. Several days now where the market can't make up its mind and, in the course of one day goes up, down, up, down (left right left right b a b a select start). Someone get this market some meds.
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Re: Stock Market

Postby ExPatriatePen on Tue Aug 09, 2011 3:50 pm

JeffDFD wrote:
ExPatriatePen wrote:Fed decision due at 14:15 EDT

I'm thinking no matter what the Fed says, the market is going to be disappointed.

getting ready to go short here, but I'm really nervous about shorting an oversold market.


Did you do it??? Dow was up 200 and now is close to even.


No, I got cold feet.
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Re: Stock Market

Postby ExPatriatePen on Tue Aug 09, 2011 3:53 pm

JeffDFD wrote:Holy cow...and now it is all the way back up to +150. Several days now where the market can't make up its mind and, in the course of one day goes up, down, up, down (left right left right b a b a select start). Someone get this market some meds.


This is being orchestrated (as much as this stuff can be orchestrated) by program trading. The small guy who pays commission and can't trade in milliseconds is going to get crushed today.

I'm happy to sit on the sidelines (albeit with long positions) and wait it out.

B.o.A is the killer today, look for a big bounce after Brian M. Makes his statement after the close.
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Re: Stock Market

Postby ExPatriatePen on Tue Aug 09, 2011 4:00 pm

Dow up over 400 points, a 600 point range on the day.
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Re: Stock Market

Postby columbia on Tue Aug 09, 2011 4:03 pm

ExPatriatePen wrote:Dow up over 400 points, a 600 point range on the day.


I know someone who is happy about that.
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