Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. pacey

    pacey Well-Known Member
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    not a fan of hope and prayer. Got lucky on some lost on some. Stops saved me on all the losses.
     
  2. infected donkey

    infected donkey Arkansas Razorbacks
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    Arkansas RazorbacksChicago CubsAvengersBarAndGrillSoutheastern Conference

    If you're wanting a longer term stock buy look at FLS. They're at a 10 year low right now.
    Flowserve back in the day bought out a majority of other pump manufactures casts/design patents to basically have a monopoly in the pump industry. So for instance if a nuclear plant smokes a pump, they have to have flowserve make another so it can be a "Like for Like" swap and not have to pay for design changes in systems to have everything re-evaluated.
     
  3. burnttatertot

    burnttatertot butt tuck zoomies
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    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    I looked at that a couple weeks back and didn't like it at $30, but closing in on $20 now I think I'm a buyer.
     
    dukebuckeye and infected donkey like this.
  4. billdozer

    billdozer Well-Known Member
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    Maybe, but with budget challenges all around, plants are looking for any opportunity to not buy new equipment. Improvements for adding new valves, etc. are being bypassed. Companies like Flowserve and Velan have had a lot of business dry up.
     
  5. g8r

    g8r Well-Known Member
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    Florida GatorsBoston Red Sox

    Another day of blood?
     
  6. Sportfan

    Sportfan From Six to Dumptime
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    Any concepts around buying an ETF outside of low expense ratio? I own a lot of those just curious if there are others worth pursuing. I don’t have QQQ or SPY. Long term investor and my equities are a bit heavy in tech.
     
  7. pacey

    pacey Well-Known Member
    Donor

    The Dow fell hard again yesterday, dropping another 517 points to 23,247. The decline occurred a day after the Market Timing Indicator for the Dow moved to a Sell Signal. The same timing indicator on the NASDAQ remains Neutral. So, with mixed signals between the Dow and NASDAQ, it’s still not clear if Major Wave C down has started. There’s still a possibility that yesterday’s decline was part of sub-wave c down of wave 2 down within the final 5 wave sequence of Major Wave B up. In yesterday’s Comments I mentioned that the Dow could fall to the 23,400 level before wave 2 down completes and wave 3 up begins. So, by stopping at 23,247, there is still a possibility, maybe 25 percent chance, of a wave 3 rally. Volume on the NYSE was heavy, coming in at 122 percent of its 10-day moving average. There were 16 new highs and 72 new lows. The new lows were the highest since 3 April.

    Even though yesterday’s decline broke through H&S neckline support at the 23,400 level, which should lead to further declines, I’m still cautious about the decline continuing today. That’s because yesterday was another 90 percent down volume day. Whenever this unusual volume event occurs on two consecutive days, the EXTREME oversold condition usually leads to a brief one day relief rally. The rally is usually a good one, as the average gain can be anywhere between 2-3 percent. But here’s the deal….whenever the market does not stage a brief one day rally after two consecutive 90 percent down days, the following day (which is Friday) can be a disaster. In other words, by not rallying, it's a sign the market is so weak that it can go into a free fall on Friday. So the markets MUST rally today to keep hope alive for the Bullish scenario. Pay attention to what happens today!

    The Dean’s List and The Tide remain Neutral.

    The Sector Ratio weakened to 3-21 Negative after Wednesday’s session. The 3 strongest sectors were Material (includes gold) Household Products, and PharmaBio. The Cap Goods and technology sectors, Computers and Semiconductors, have fallen off the Strong List. Remember what I said about what will likely happen if these sectors drop off the List…”that it would be a good indication that the time to exit the long side of the market has arrived.” The top 5 Weakest Sectors were Banks, Real Estate, Leisure, Financials, and Transportation. If the market begins a serious decline, these are the sectors that will lead the way down. If you own stocks in these weak sectors, they will likely get hammered during the coming decline.

    Gold (GLD) rose1.54 yesterday to 161.58. It still has not broken out of the sideways triangle pattern it has been forming for the last 21 trading days. If GLD moves above 162, a significant rally should begin as suggested by the narrowing Bollinger Bands. Students should watch gold now as the Wave 4 triangle suggests it could be one of the best bets on the Board. Again, with the Materials Sector at the top of the Strong Sector List and mining stocks and ETFs all over the Dean’s List, you should be paying attention to gold now.

    The Model continues to hold 40 shares of UCO, 600 shares of TBT, and 500 shares of GOLD with a cash balance of $76,147. The Model is waiting for the current rally to complete before re-establishing positions in inverse index ETFs.

    That’s what I’m doing,

    h
     
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  8. pacey

    pacey Well-Known Member
    Donor

    Techs say yes. I closed everything but GOLD yesterday at 3:55 expecting the bounce Hank mentioned in this morning's post. So I will want to see what happens in the first 15 mins. If it doesn't look like the bounce is coming after the first 15 bar I will most likely get back into the inverses today. Interested to hear how many think this will be a steep drop like in March or a choppy next 15 to 30 days. I think it has to be choppy, but there were a lot of FOMOs blindly jumping back in fearing they were missing the V recovery. Do they jump back out or ride this down again and get absolutely crushed again? Oh, a big drop is not going to be good,
     
  9. HuskerInMiami

    HuskerInMiami Well-Known Member
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    This was a top comment. Interesting thread:
     
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  10. RavenNole

    RavenNole Well-Known Member
    Baltimore RavensTampa Bay LightningChelsea

    I don’t think we drop as quickly/aggressively as March unless we close back up the country again. I just think that was a major shock/no one knew what was happening. I think we might test those lows and maybe pass them at some point But it will be a slower move down.
     
  11. southside

    southside Well-Known Member
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    Not much. We're oversold
     
  12. g8r

    g8r Well-Known Member
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    Florida GatorsBoston Red Sox

    I am a bit screwed right now only being able to trade settles funds. Can’t lock in gains then buy back as things drop. Rules suck. It also seems unfathomable that with today’s tech it takes multiple days to settle transactions.
     
    Struggler and HuskerInMiami like this.
  13. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    got 20% of my liquidity back in this morning

    if we go south of 22k might just get the vast vast majority back in

    *passive long term investing is exciting*
     
  14. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    On TD Ameritrade, if an option expires in the money, how do they execute that? Does it just give you the profit or auto buy the shares, or does it give you the option for either?
     
  15. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Think it just gives you the profit unless you already have the shares, in which case it will exercise it properly. Doubt it auto-buys.
     
    Baseballman86 likes this.
  16. RavenNole

    RavenNole Well-Known Member
    Baltimore RavensTampa Bay LightningChelsea

    VXX moving nicely right now
     
  17. ohhaithur

    ohhaithur e-Batman
    Donor

    GE falling off a cliff
     
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  18. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    A big win on your first options buy is the worst possible outcome for you, long-term.
     
  19. Houndster

    Houndster Well-Known Member
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    I’m back in the green on my short positions. Time for another big run up
     
  20. ohhaithur

    ohhaithur e-Batman
    Donor

    Me walking into the TSLA puts screen

    [​IMG]
     
  21. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    And then monitoring your purchase as you get Elon'd

    [​IMG]
     
  22. Sportfan

    Sportfan From Six to Dumptime
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    5% myself, still like 65% cash. I’m going to increase the percentage every 500pts down just more so as a trigger to remind myself to buy. No great rhyme or reason.
     
  23. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    my current logic is that the summer will go mostly ok so we'll creep back up gradually, if we get a big second corona hit in the fall there'll be a pull back but if we're at ~26k it may not get back down to the ~22k or lower range

    i'll have more liquidity at that point but don't want to be stuck holding the cash i have now if we don't see the 22k world again
     
  24. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    pacey

    Look at JPM, T, LUV, and BAC 15 min charts
     
  25. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    Just bought some JPM at $83.70 and got a really nice bounce.
     
  26. Gallant Knight

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    Market loves to turn green on Thursday’s after 3m+ job losses
     
  27. Tony Wonder

    Tony Wonder Well-Known Member
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    Michigan WolverinesDetroit LionsDetroit Red WingsNewcastle UnitedDetroit Tigers

    I picked up more CCL today towards to bottom of the dip this morning.

    I have seen a nice bump on that already and am slowly digging myself out of my biggest loss.
     
  28. southside

    southside Well-Known Member
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    Lotto spy calls for 287 tomorrow
     
  29. southside

    southside Well-Known Member
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    Good day to sell some more gold and 10-20 yr treasuries. Both tapping near the top of the range
     
    Anison likes this.
  30. pacey

    pacey Well-Known Member
    Donor

    100 shares at 85.93, thanks.
     
  31. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    I really want to buy some MSFT but fuck it's expensive, and the charts aren't very bullish.

    I really blundered this one. I loaded up 20% of trading account in MSFT at the absolute bottom in March -- basis was $135. Then dumped my entire position for no reason at $165,only to see it run up to $187 in like two weeks. I can't even remember why I did it.

    Did something similar with AMD but reloaded on a pullback a week or two ago.

    Bought 10 shares of AAPL in the $230s in March. Sold them on Tuesday. Looking for a new entry point.
     
    Ty Webb likes this.
  32. southside

    southside Well-Known Member
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    Range on MSFT my fund has is 174-188. I've been buying the past two days
     
    Stagger Lee likes this.
  33. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    With it breaking the 20 SMA today, I was hoping I could pick it up around the 50 SMA. Maybe that's wishful thinking. May dip my toes in and grab a small lot today.
     
  34. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Why? $187 is their 5yr high, and that was right before the rona hit the markets, when everyone admits we were probably overpriced on absolutely everything.

    Edit: This is my novice level knowledge just using common sense to approach this. I'll gladly take more in-depth analysis.
     
  35. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    What's your case for BRK? Just a value play?

    Its portfolio hasn't exactly lit the world on fire in recent memory, and I think Buffett dropped the ball by not at least dipping his toes in the market in March. Also, isn't a fairly large part of its portfolio insurance? I know it owns Geico and maybe some others. Those assets could get toxic in a negative interest rate world.
     
  36. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    Been playing the CSWC support/resistance wedge the last few weeks. Forgot to check it this morning, and of course it went to support and immediately shot up 15%
     
  37. southside

    southside Well-Known Member
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    It's a multifractal model based on volatility of volatility, price, and volume. It's not a price target, that was poor wording. But it's the most probable bounds for a trading range. And it's bullish trend. This is the time to buy
     
  38. southside

    southside Well-Known Member
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    Brk does terrible in economic conidtuons like this. You could be two years early there.
     
  39. Gallant Knight

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    And the Dow just turned green
     
  40. southside

    southside Well-Known Member
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    5/22 puts $75 on BA

    Really want to buy some lotto puts on KRE but will wait until vix is lower later today
     
    Fusiontegra likes this.
  41. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksOrlando CityLazioUnited States Men's National Soccer Team

    ?
     
  42. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Is this not common opinion?

    "Greatest economy ever"
    "most bullish market ever"
    etc etc etc
     
  43. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksOrlando CityLazioUnited States Men's National Soccer Team

    No
     
  44. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Anyone interested in buying BA long at any price?
     
  45. Gallant Knight

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    Not really

    maybe if it drops another 50% or something
     
  46. texasraider

    texasraider thanks
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    I'd like to, but it really comes down to who's going to buy planes? Amazon?
     
    Stagger Lee likes this.
  47. colonelrascals

    colonelrascals Mayonnaise-colored Benz, I push miracle whips
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    Texas Tech Red RaidersHouston AstrosHouston RocketsTennisTottenham HotspurTexas Tech Red Raiders alt

    I will continue to hold all my pot stocks
     
  48. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    It's a penny stock, but I'm really liking the positive divergence on CPE's 15 min chart. Great volume too. Right now I'm watching the 2 min chart for a potential entry. pacey

    What do you know about this company, texasraider ?
     
    Struggler likes this.
  49. Sportfan

    Sportfan From Six to Dumptime
    San Antonio SpursHouston TexansNew Mexico State AggiesTexas AandM Aggies

    In QQQ at 218.75 earlier
     
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  50. pacey

    pacey Well-Known Member
    Donor

    If I can make $100 I am out. Looks like a bounce is coming.
     
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