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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Gilgamesh18]
#17218322 - 11/14/12 12:15 PM (11 years, 2 months ago) |
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Been doing that for a long time already... man, AGNC/NLY/PSEC right back down to (or through) their lows. I've been getting really good at losing money recently.
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Bambi
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17218862 - 11/14/12 01:54 PM (11 years, 2 months ago) |
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Quote:
geokills said: Been doing that for a long time already... man, AGNC/NLY/PSEC right back down to (or through) their lows. I've been getting really good at losing money recently. 
I think ive beaten the market in losing money every day since the election
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Gilgamesh18
Herbivore Man

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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17219516 - 11/14/12 03:51 PM (11 years, 2 months ago) |
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Quote:
geokills said: Been doing that for a long time already... man, AGNC/NLY/PSEC right back down to (or through) their lows. I've been getting really good at losing money recently. 
Sorry to hear that man the only thing making money for me right now investment wise is lendingclub.
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Gilgamesh18]
#17220155 - 11/14/12 05:44 PM (11 years, 2 months ago) |
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Another excellent example of how when the market is moving higher, we all tend to feel like geniuses, and when it's moving lower, we're all a bunch of dolts. 
pothead_bob's vehement stance that you shouldn't even attempt to trade around the market sure sounds palatable at times like these, even if it is a little boring. 
With the exception of my long term positions in AGNC, NLY, PSEC, and yes I'll admit it, even still a little bit (a very little bit) of AAPL, as well as the covered call on FB that will almost certainly be called away from me this Friday, the vast majority of my portfolio is not involved in this market.
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scatmanrav
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17221630 - 11/14/12 09:49 PM (11 years, 2 months ago) |
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Yeah, I got an itchy trigger finger monday and got long on what I thought might be a bounce, did good monday but yesterday and today really got me. I really should have paid more attention to Dan and the market charts. I got into some nice trending stocks, F, HOV, V, RIMM, AMT, PSX via small call positions. Of course I didnt think the overall market could break those trends. Figured they were safe. Was proven wrong today, and even some yesterday.
Everything is either just below support or close to it, I'm gonna be switching a lot of these to puts if they arent bouncing tomorrow. Either way I'm getting out of the long side of the market, and moving to the short side. I can see a lot more down side possible here with so much resistance above and no support below. At least I had a few shorts to help balance some losses but damn I felt I was getting over being my own worst enemy, but here I am doing things I know are wrong.
Well better luck to you all tomorrow, hope you all are looking to the short side.
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: scatmanrav]
#17221764 - 11/14/12 10:21 PM (11 years, 2 months ago) |
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The time to start shorting was when the S&P broke its 50 day and kept ramming into it from the underside unable to break through, a couple of weeks ago. I actually had a fairly large put position on the SPY at that time but got stopped out on I believe the 2nd of November, just before the big post election day dump. While it would have been appropriate to add to the short side this morning on the break of yesterdays lows, consider that the market has now taken a proper beating and is closing in on an uptrending support line on the S&P weekly chart as follows:

Also consider that 1340-1350ish on the S&P was an area of major resistance that stalled the S&P three times during 2010. Lastly, the lower bollinger band on the weekly chart is also at the 1340 level. Thus, I would be cautious initiating new shorts right here right now, as I would expect a near term bounce in the market, even if it is short lived. Remember that you want to short the bounces within a downtrend. After today's 1.4% move lower in the aggregate market, clearly you would be late to the party if you are only starting to short on the heels of such a big move.
Note that I am not saying it is wrong to be short right now, just that if you haven't already been short, you may find a better short entry in the days or week to come. For my money (and in order to avoid driving myself insane trying to pivot and getting chewed up in a market like this), I am for the most part just watching and waiting until we get some clarity on the issue of the fiscal cliff, which could very well take several months.
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ben_dover0802
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17221777 - 11/14/12 10:24 PM (11 years, 2 months ago) |
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Haha, well it looks like i'm not the only shroomerite frustrated with the market this last week. I've been trying to stick to only the blue chips but even those have been beaten down. Lost near all profits I have gained in 3 months in 2 weeks . I stuck around in Apple for much too long, if it were any other stock I would have set a stop and ditched it quick, but since it was the mighty AAPL ticker I held it for a near 10% loss on my AAPL shares overall. However, I see a possible base forming now and opened a position back in AAPL today(wed) for at the very least an oversold bounce.
My personal prediction is we might see a broad oversold bounce but I expect more downside to come. If we see a couple green days I will probably open a position in the 3 times short financial etf FAZ. I had a short position in the retail stock TJX, but it has pretty good earnings on Tuesday and bucked todays sell off so I covered it. Something to possibly consider in case the market rallies as it is bouncing off the 50 week moving average. However, the sector as a whole is still selling off.
My current positions are: 15% AAPL (opened today) 12% RIMM (opened today as well) 15% GM 12% CLWR 8% SIRI 8% MHR 30% Cash
Hope we get a little bounce since I am only long.
Best of luck
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ben_dover0802]
#17228618 - 11/16/12 08:35 AM (11 years, 2 months ago) |
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Ah, startin' to claw my way back. AGNC, NLY and PSEC are all back above my recent buy points, my FB covered call is getting called away today, and I have a handful of uncovered Jan $22 calls on FB that are now up close to 70%. Time to start raising stops on those... As of yesterday's break of the bearish flag pattern on AAPL, I no longer have any exposure to the name and am looking for the stock to visit ~$490 for a potential bounce, which is where a multi-year uptrend line sits as shown here:

I am buying a little bit of SPY right here and taking in a little bit of premium by selling a call that expires next week.
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Sikue



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17256200 - 11/20/12 11:47 PM (11 years, 2 months ago) |
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Hey guys, I am new to buying stocks. Any helpful links to get me started? I really want to start making some extra money
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ohmatic
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Sikue]
#17257017 - 11/21/12 06:58 AM (11 years, 2 months ago) |
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Quote:
Sikue said: Hey guys, I am new to buying stocks. Any helpful links to get me started? I really want to start making some extra money
yeah, run online stock investment programs/games for a year or two before thinking about going in with real cash.
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Sikue]
#17257894 - 11/21/12 10:50 AM (11 years, 2 months ago) |
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Read the first post in this thread.
PS. My FB $20 Jan calls just hit a 100% gain, so I am taking half off the table and raising my stop on the remaining half.
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ohmatic
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17258798 - 11/21/12 01:39 PM (11 years, 2 months ago) |
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how do you guys see SNE (sony) go on in the next time ? geo u got the mad anaylsis tools
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Cannashroom
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ohmatic]
#17264893 - 11/22/12 03:20 PM (11 years, 2 months ago) |
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Nokia has been killing it lately! Lots of positive reviews on their new phone. Stock looks really cheap, looks like it could run to $6 without too much trouble.
-------------------- "A human being is part of the whole, called by us 'Universe'; a part limited in time and space. He experiences himself, his thoughts and feelings as something separated from the rest -- a kind of optical delusion of his consciousness. This delusion is a kind of prison for us, restricting us to our personal desires and affection for a few persons nearest us. Our task must be to free ourselves from this prison by widening our circle of compassion to embrace all living creatures and the whole nature in its beauty. Nobody is able to achieve this completely but striving for such achievement is, in itself, a part of the liberation and a foundation for inner security." Albert Einstein
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scatmanrav
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Cannashroom]
#17276401 - 11/24/12 11:16 PM (11 years, 2 months ago) |
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Im not geo, but my take on SNE chart is its not very good looking. 20 DMA is under the 50 DMA and thats under the 200 DMA. You usually want that reversed. A lot of resistance over head and its been in a down trend since 2011. It just dropped about 2 weeks ago on high volume and no buyers around to pick it up any higher. IMHO its consolidating and looking like path of least resistance is down.
But you do have a low risk entry point in that 9.75 is your support level and thats right about where the price is. So if you have a fundamental reason to think its going to go up, buy it here and set your stop right there, or just below at 9.50 or so. Personally I'd be waiting for it to hit 9.50 then short it, knowing little of the fundamentals and just looking at the chart.
NOK (Nokia) could be a very nice candidate to go long on a pullback to test the 200 DMA. Looks to be coming out of a little volatility squeeze on high volume. I've added it to my watchlist, thanks.
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citricacidx
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: scatmanrav]
#17294879 - 11/28/12 12:49 AM (11 years, 2 months ago) |
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geo, I just inherited $2,000 from my late great grandma. I was totally not expecting anything as we already had gone through her things last year after she passed and were able to pick a few remembrance items before they auctioned off her estate. I plan on spending $1,000 paying off various debts owed, and want to use most of the other $1,000 to invest in something.
Please guide me with your wisdom!
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: citricacidx]
#17295991 - 11/28/12 09:11 AM (11 years, 2 months ago) |
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Sorry to hear about your great grandmother, I lost mine this past December. 
Miss her something fierce 

As far as the money, $1000 isn't really enough to maintain a diversified portfolio of individual stocks, so if I intended to put that money away, I would probably create a Roth IRA (if I didn't already have one), put it in there and place it in a general market index fund like the SPY. As an alternative, I might consider investing it into some peer-to-peer loans via LendingClub.com. Good luck.
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17302247 - 11/29/12 10:01 AM (11 years, 2 months ago) |
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Just sold my last remaining FB Jan 2013 $22 calls for a 210% gain. Sure wish I could do that everytime. 
Bidding on some SDS $56 calls that expire in one day. If I can get them for less than $0.30 a pop, I'll take the lotto ticket for a potential sell off into the weekend.
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ohmatic]
#17302269 - 11/29/12 10:06 AM (11 years, 2 months ago) |
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Quote:
ohmatic said: how do you guys see SNE (sony) go on in the next time ? geo u got the mad anaylsis tools 
Don't see anything too exciting in the name. The company is a stagnating behemoth and the only potential catalyst I see is a new iteration of their play station game console, which has yet to be confirmed. You could take some stock here, but just make sure you keep a stop loss below yesterday's low of $9.59, which is a multi-year (maybe even all time) low.
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citricacidx
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#17302322 - 11/29/12 10:16 AM (11 years, 2 months ago) |
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geo, you should setup a managed mutual fund and ill just give you money
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Gilgamesh18
Herbivore Man

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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: citricacidx]
#17302441 - 11/29/12 10:50 AM (11 years, 2 months ago) |
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Quote:
citricacidx said: geo, you should setup a managed mutual fund and ill just give you money 
Yes I would defiantly get behind something like that!
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