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Chespirito
Stranger


Registered: 02/13/09
Posts: 3,259
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Re: Stocks - Let's be proactive with today's market [Re: Confucian]
#10117957 - 04/06/09 04:44 PM (14 years, 9 months ago) |
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Where do you find your information? You are orders of magnitude beyond me in terms of knowledge about these kinds of stocks. I now hold absolutely no positions in anything, Ive sold it all. How do you feel about NVD? There is some partnership news going round. How do you feel about Tombstone Exploration Corp? Ill start posting in here more often, itd be nice to have an active penny stock thread
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Chespirito
Stranger


Registered: 02/13/09
Posts: 3,259
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Re: Stocks - Let's be proactive with today's market [Re: Chespirito]
#10118092 - 04/06/09 05:09 PM (14 years, 9 months ago) |
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Also just out of curiosity, what trading site do you use? Ive been experimenting with Think or Swim's software using paper money only, and eh its not as good as Ive read about. I want to make the jump to a different trading site than Im currently using as Im getting killed on fees
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: Stocks - Let's be proactive with today's market [Re: Chespirito]
#10122119 - 04/07/09 09:40 AM (14 years, 9 months ago) |
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I actually am not very skilled at all. But I have some close friends that are basically gurus.
Next pick is SRZ Current price: $1.08
I got in at $1.13
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Chespirito
Stranger


Registered: 02/13/09
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Re: Stocks - Let's be proactive with today's market [Re: Confucian]
#10123422 - 04/07/09 01:50 PM (14 years, 9 months ago) |
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could you ask them about those stocks I mentioned?
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: Stocks - Let's be proactive with today's market [Re: Chespirito]
#10134668 - 04/09/09 06:58 AM (14 years, 9 months ago) |
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Down good on SRZ...looks like it quickly turned into a long-term hold !
Next pick: EBHI at 44 cents
Bank stocks are soaring and my FAS investment is looking real good. The market should fly today.
Quote:
Wells Fargo & Co. (NYSE: WFC) is going to be taking the bank stocks significantly higher, particularly the Direxion Financial Bull 3X Shares (NYSE: FAS). The company is releasing earnings on April 22, but it now has issued guidance that will please even the naysayers on Wall Street. Shares are fluying pre-market and are taking up shares of Bank of America Corporation (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and even Citigroup, Inc.(NYSE: C).
The bank now expects to report record first quarter net income of approximately $3 billion, or $0.55 EPS, after preferred dividends, including $372 million in dividends paid to U.S. taxpayers on the U.S. Treasury’s Capital Purchase Program investment. The bank also said its business momentum is strong and that it expects operating margins to remain at the top of peers.
Total revenue is expected up 16% around $20 billion, including another quarter of double-digit revenue growth at legacy Wells Fargo. It might not be an exact comparison, but we show Thomson Reuters (First Call) estimates at $0.23 EPS and almost $19 billion in revenues.
It sees consolidated net interest margin of approximately 4.1% and efficiency ratio of approximately 56%. The net charge-offs are about $3.3 billion, compared with fourth quarter net charge-offs totaling $2.8 billion at legacy Wells Fargo and $3.3 billion at legacy Wachovia. The banking giant also sees a provision expense of approximately $4.6 billion, including $1.3 billion credit reserve build, bringing the allowance for credit losses to $23 billion; and it sees a pre-tax pre-provision profit of approximately $9.2 billion.
As far as whether it is making loans, the bank said that it had $100 billion in mortgage originations, with a 41% increase in the unclosed application pipeline to $100 billion at quarter end. In total, it had approximately $175 billion in loan commitments, mortgage originations and mortgage securities purchases in the first quarter.
Its tangible common equity ratio is now expected to increase in first quarter with tangible common equity above 3.1% of tangible assets at March 31, 2009. The 85% dividend cut will benefit retained earnings by about $1.25 billion in additional common equity per quarter.
Wells Fargo is flying now. Shares are up almost 20% around $18.00. JPMorgan Chase & Co. (NYSE: JPM) shares are up about 5% to $28.85; Citigroup (NYSE: C) shares are up 5% to $2.85; and Bank of America (NYSE: BAC) is up 8% at $7.64. Direxion Financial Bull 3X Shares (NYSE: FAS) is up 12% to $6.93.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
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DON'T TURN A TRADE INTO AN INVESTMENT [Re: Confucian]
#10135948 - 04/09/09 12:06 PM (14 years, 9 months ago) |
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Quote:
Confucian said:
Down good on SRZ...looks like it quickly turned into a long-term hold !
 
The most important part of investing is limiting your losses in order to protect capital. Remember that if you lose 50% of your capital, you will have to make back a whopping 100% just to break even again!
Turning a trade into an investment often indicates very poor risk management!
If you get into a specific stock with a short-term time horizon, perhaps waiting for a specific catalyst to take place such as a new product announcement, debt refinancing or quarterly report, and then your original thesis doesn't play out; I would suggest that you should cut the position, take the immediate loss and wait patiently for the next opportunity.
Putting yourself in a mind frame to hold onto a loser indefinitely simply so you won't have to take the realized loss means that you are relying on hope - hope that the stock will eventually recover, though who knows how long that will take, and indeed often enough poor stocks will never recover and instead go to zero!
Risk management is integral to successful investing. Identify your risk and downside when you BEGIN a position. If your thesis doesn't materialize and you have realized your worst case scenario (the risk you defined from the beginning), it is your responsibility to acknowledge that you were wrong by selling the position so that it cannot continue to hurt you even more. The market can be a humbling place, make sure that you respect it.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: DON'T TURN A TRADE INTO AN INVESTMENT [Re: geokills]
#10136830 - 04/09/09 02:29 PM (14 years, 9 months ago) |
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Quote:
Posted on RealMoney.com by Paul Rubillo Trader Talk/Bad Days 4/9/2009 2:44 PM EDT
... don't forget that timing is everything when it comes to being right. Despite hating to take a loss, one thing I learned early and often in my career was that I felt a heck of a lot better once I took the loss. I even learned to stop watching the position that had hammered me for fear I sold out too soon. That's a common trading mistake and distraction you should try to avoid at all costs.
Don't lose your mind over bad trades. Trust me, the opportunities will keep coming in many areas of the market, both long and short.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: DON'T TURN A TRADE INTO AN INVESTMENT [Re: geokills]
#10140907 - 04/10/09 06:36 AM (14 years, 9 months ago) |
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I timed SRZ bad (My average is $1.05 after doubling down at 99 cents).....I shoulda/coulda doubled down in the low 70s on Wednesday.....But Tuesday was an amazing day for me. I was coming off of a 108% gain on SGIC (in at .235, out at .49, next day hit a .95 cent day high ) so when I was referred to SRZ on Wednesday morning I got in coming off a large gain the day before.
SRZ closed at 90 cents so I'm off 14% which is not a concern for me. I made a killing on FAS yesterday which more than balances it out.
Edited by Confucian (04/10/09 06:38 AM)
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: DON'T TURN A TRADE INTO AN INVESTMENT [Re: Confucian]
#10162922 - 04/14/09 08:27 AM (14 years, 9 months ago) |
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If you had the mindset where everytime you make a new stock purchase you expect it to instantly go up then you would drive yourself nuts. SRZ back to +$1.
Doing well on DRYS, got rid of FAS this morning, may get back in FAS before the day is over or tomorrow.
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: DON'T TURN A TRADE INTO AN INVESTMENT [Re: Confucian]
#10183099 - 04/17/09 06:21 AM (14 years, 9 months ago) |
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Doing very well on DRYS, they had some news yesterday after hours. SRZ also up. Next pick: HERO
April 16th close: $2.49 Pre-market ask: $2.65
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: DON'T TURN A TRADE INTO AN INVESTMENT [Re: Confucian]
#10184606 - 04/17/09 01:14 PM (14 years, 9 months ago) |
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Just pulled the trigger on GMXR at $7.70 Still in DRYS, still in SRZ, picked up HERO at $2.65 pre-market
Only pathetic stock is EBHI which I'm in at 40 cents
Also grabbed ARNA at $2.59
New picks, in order from best to worst IMHO: HERO: Current PPS is $3.01 GMXR: Current PPS is $7.75 ARNA: Current PPS is $2.55
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Horse_Meister
Edible Farmer



Registered: 01/14/07
Posts: 408
Last seen: 5 years, 4 months
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Re: Stocks - Let's be proactive with today's market [Re: Confucian]
#10203370 - 04/20/09 07:10 PM (14 years, 9 months ago) |
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My current Stock: APH on the Canadian Venture market is doing me well thus far. Today, they opened up a symbol on the US market. I bought in at $0.24 and now it's at $0.36. Looking forward to the news update about that aquisition they're working on. I realize it's a pink sheet ticker and volume may make it a whore to sell if things turn out negative, but I like it.
Here's the news update:
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7bA3ABD540-0BF2-40AF-B6FD-1AE0C756FF0C%7d&symb=APH
Here's the link for that US symbol:
http://cxa.marketwatch.com/TSX/en/Market/quote.aspx?symb=US:APCS.F
-------------------- KTHXBai2YoU Horse_Meister Life is what happens while you're busy making other plans.
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Horse_Meister
Edible Farmer



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Re: Stocks - Let's be proactive with today's market [Re: geokills]
#10203441 - 04/20/09 07:22 PM (14 years, 9 months ago) |
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Quote:
Don't lose your mind over bad trades. Trust me, the opportunities will keep coming in many areas of the market, both long and short.
Reminds me alot of how I interpret the game of poker. I learned to lose the fear of loss affecting my mental judgement the first time I lost $60 at the casino. It takes alot to learn proper bankroll management skills, as well as taking a handful of gains and losses. Self control is really what it all comes down to. My favourite quote that I have pinned up above my door says "In the presence of fear, nothing is possible. In the absense of fear, everything is possible." It takes a certain type of individual to make big moves with the right information while everyone else stands around wondering what happened.
-------------------- KTHXBai2YoU Horse_Meister Life is what happens while you're busy making other plans.
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Quote:
Confucian said: Just pulled the trigger on GMXR at $7.70 Still in DRYS, still in SRZ, picked up HERO at $2.65 pre-market
Only pathetic stock is EBHI which I'm in at 40 cents
Also grabbed ARNA at $2.59
New picks, in order from best to worst IMHO: HERO: Current PPS is $3.01 GMXR: Current PPS is $7.75 ARNA: Current PPS is $2.55
Got out of DRYS this morning. Dumped EBHI for a 15% loss. Sticking with HERO, GMXR, ARNA for the time being. Really liking HERO...
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Redstorm
Prince of Bugs




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Re: Confucian's Picks [Re: Confucian]
#10203725 - 04/20/09 08:11 PM (14 years, 9 months ago) |
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I got into Hero at 2.61 today. I'll probably go long with it at least to the summer if not into next year some time.
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: Confucian's Picks [Re: Redstorm]
#10204311 - 04/20/09 09:56 PM (14 years, 9 months ago) |
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Quote:
Redstorm said: I got into Hero at 2.61 today. I'll probably go long with it at least to the summer if not into next year some time.
Nice. They report earnings next Tuesday....I'm hoping it's over $4 by then (lol)...I got in at $2.65 and $2.52 for an average of $2.585 and will buy more tomorrow if it dips
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drwatson
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Re: Confucian's Picks [Re: Confucian]
#10207836 - 04/21/09 03:06 PM (14 years, 9 months ago) |
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EBHI hit it's 52week low today at .24
just thought i'd mention it. 23% decrease just today
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: Confucian's Picks [Re: drwatson]
#10208251 - 04/21/09 04:17 PM (14 years, 9 months ago) |
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Quote:
drwatson said: EBHI hit it's 52week low today at .24
just thought i'd mention it. 23% decrease just today
Ya, I sold that POS at .35 yesterday....doubled down on GMXR this morning below $7....new average in the $7.20s.......
I'm in heavy on GMXR and HERO: GMXR: $8.01 close (+21.73%) HERO: $2.74 close (+9.16%)
Very light on ARNA, I "hear" it will pop soon so I grabbed it as a lottery pick, it is actually quite a boring stock, lol
Daytraded FAS today...got out a little too early but still made a profit.
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: Confucian's Picks [Re: Confucian]
#10214550 - 04/22/09 04:25 PM (14 years, 9 months ago) |
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Quote:
Confucian said:
Quote:
drwatson said: EBHI hit it's 52week low today at .24
just thought i'd mention it. 23% decrease just today
Ya, I sold that POS at .35 yesterday....doubled down on GMXR this morning below $7....new average in the $7.20s.......
I'm in heavy on GMXR and HERO: GMXR: $8.01 close (+21.73%) HERO: $2.74 close (+9.16%)
Very light on ARNA, I "hear" it will pop soon so I grabbed it as a lottery pick, it is actually quite a boring stock, lol
Daytraded FAS today...got out a little too early but still made a profit.
GMXR closed at $9.49, up $1.48 or 18.48%. HERO closed at $2.91, up 6.2%.
HERO has a hard time closing above $3. If tomorrow is an up day HERO should perform well and conquer this feat. I'm a little concerned with the dropping volume. But a close above $3 tomorrow and we'll get really near to $4 by Monday's close, as always, JMHO:
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: Confucian's Picks [Re: Confucian]
#10214571 - 04/22/09 04:29 PM (14 years, 9 months ago) |
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To see rest of chart use the scroll bar on bottom, underneath HERO/Bank of America/Untitled1/ChartNotes....not sure why it came out like that.
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