|
Post by azbatx on Oct 24, 2008 20:41:04 GMT -5
Since I lost my big money over the last few months...I have been looking at cheaper stocks to mess with...lately I've made about $3000 on this one...TMA....last year it was $250 a share.Right now it's $1.80 share. This thing has swings all the time and can go up & down $1-$2 in a day or so. I've been playing it safe for the last 3 weeks. It doesn't cost much,and you can make 50-100% quick if you time it right. I got it this morning on the drop..I got 1000 shares at $1.40...(3 days ago it $2.75, a few days before that it was $1.10)...I wish I could sell now,because I'd take my $400 and run. But I screwed myself with my day trading abilities,when I took out some money about a month ago to buy a car,that put me below the required amount you need in the account to day trade. But with what I'm allowed to do,this has worked out OK for the last few weeks. What type of car did you get?
|
|
|
Post by comickings on Oct 24, 2008 21:59:11 GMT -5
Since I lost my big money over the last few months...I have been looking at cheaper stocks to mess with...lately I've made about $3000 on this one...TMA....last year it was $250 a share.Right now it's $1.80 share. This thing has swings all the time and can go up & down $1-$2 in a day or so. I've been playing it safe for the last 3 weeks. It doesn't cost much,and you can make 50-100% quick if you time it right. I got it this morning on the drop..I got 1000 shares at $1.40...(3 days ago it $2.75, a few days before that it was $1.10)...I wish I could sell now,because I'd take my $400 and run. But I screwed myself with my day trading abilities,when I took out some money about a month ago to buy a car,that put me below the required amount you need in the account to day trade. But with what I'm allowed to do,this has worked out OK for the last few weeks. What type of car did you get? a CHEVETTE!
|
|
|
Post by G on Oct 24, 2008 22:40:07 GMT -5
Sweet as shit!!!
|
|
|
Post by Brother J on Oct 25, 2008 9:30:46 GMT -5
What type of car did you get? a CHEVETTE! Boy, they don't make Chevettes like they used to. I had one that looked something like this: I remember these things had no almost no get up and go. When you would go up a steep hill, the thing would slow down if you didn't get a good running start. I remember my High School friends at the time busting my balls, they would ask if I wanted them to get out and push.
|
|
|
Post by comickings on Oct 25, 2008 10:46:19 GMT -5
a CHEVETTE! Boy, they don't make Chevettes like they used to. I had one that looked something like this: I remember these things had no almost no get up and go. When you would go up a steep hill, the thing would slow down if you didn't get a good running start. I remember my High School friends at the time busting my balls, they would ask if I wanted them to get out and push. Man I had my share of clunkers! I wish I had some pics. Me and my friends ragged out so many of my moms cars. She put up with so much crap from me and my brother!
|
|
|
Post by G on Oct 30, 2008 21:19:46 GMT -5
Wednesday's IBD newspaper which reports on the days previous activity prompted a change after Tuesday's 889 point one day jump. The 2nd highest in the history of the stock market. The new market outlook has been changed to:
Market in Confirmed Rally
Now, they do this hesitantly and say this is a very cautious confirmed rally. Especially after the last two turned tail rather quickly after being announced as a confirmed rally. But remember, this is a technical indicator. And it meets the criteria to be a follow through day. Therefore the change in outlook. Now it is 2 days later and the market has okay since then, but wouldn't be surprised if we have a down day or two in the near future. However, the rally would remain intact as long as the market doesn't undercut the bottom of the follow through day. So hopefully this will be a rally with a little bit of traction.
|
|
|
Post by G on Nov 8, 2008 9:09:38 GMT -5
After 2 consecutive abysmal days on the market, IBD's Friday edition had a change in the Market Pulse. Although it did change to the negative side, it did not go full force negative. The current Market direction is:
Rally Under Pressure
This is a lot better than saying we are in a correction. This still gives hope that the rally started at the end of October can still remain alive. Although it is now on standby to turn into another correction, it is still breathing.
The way the market has been lately, I wouldnt be surprised if the rally failed again very soon. But unlike previous failed rallies, the individual stocks are starting to show some base building and stocks in proper bases with the market in the right direction is a great thing. Im hoping it comes to pass.
|
|
|
Post by G on Nov 14, 2008 22:42:54 GMT -5
Once again the market cannot hold onto a rally. It seems like any rally gets met with an immediate sell-off of quick profit taking because there is no confidence in the rally. This again was another brief short lived rally. But at least it was slightly longer and better than the last one. We are in a book worthy crash this year. One Im sure future books will point at when they want to point out crashes. The last big crash was from 2000 - 2002. And was quite severe. But from there until late 2007 it was quite good. As you can see, a bottom can last a long time, so any rally these days will probably be short lived. Regardless, its still worth watching. On Thursday after numerous down days, IBD issued a new current market outlook:
Market In Correction
You almost want to say duh! when you see it. Also, it appears the market didnt care much for Obama. There have been 8 trading days since Obama won. 6 of them have been down. Before the election was the last brief rally. Looking for the next follow through day. Hoping the next rally will last a little longer than the last one and so on. Hoping this correction isnt as bad as the last one and so on. From here on out, its going to be baby steps.
|
|
|
Post by azbatx on Nov 14, 2008 23:08:13 GMT -5
I wouldn't expect much of a change for awhile. Rally or not.
|
|
|
Post by G on Nov 14, 2008 23:21:37 GMT -5
I think we are in agreement there
|
|