April '09 Stock Trading (Gambling)

 

you can trade self directed IRA's almost as easy as a normal trading account. just can't day trade. hell, I trade mine all the time BUT I will agree with 401k's unless they have a "money market" elective OR allow you to trade at least with a portion of the money. any that "lock you in" to the company's stock are a prescription for disaster.

 

just as the former employees of ENRON or WorldCom

 

the NEXT shoe to drop is MGM's City Center payment next monday. everyone and their dog assumes they have the funds lined up SO that's baked into the stock. IF they MISS it's going to be "look out below" just like tuesday when the jerkoff "rating agencies" threw rocks at the gamers debt.

 

like THOSE motherfuckers that brought you AAA rated mortgage bonds and credit default swaps know ANYTHING  every cocksucker "anal"yst at S&P, Moody's and Fitch should be taken out and

I agree, Rat, these farking ratings agancies are out there for one farking reason, and one farking reason only----to shove it right up the gd arse of John Q 401 K Public.

 

Good luck with your 5k shares of LVS, but come Tuesday it could get ugly.

 

Man, no use for being "locked in" to a bunch of 66 year old before you can draw it out crap with IRAs and 401s.  Just another way to trap you and tie you down for years.

 

I like being free.  No use for this "nest egg" crap-----I can take care of my gd self.  Don't want, need, or ask the farking US gov't to do a gd thing for me except leave me the f--k alone.

EFTC has really gotten back off the canvas the last couple days. did the "old in-out" yesterday bot 1.82 sld 2.15. re-entered this morning @ 1.78 and was going to blow out around 1.90 BUT is really came on late with volume so I'm going to hold awhile.

 

chart looks great BUT could be a little overbought SO will see what happens. was one of the better performing financials tueday.

sorry fot the typo    EFTC obviously should be ETFC (E-Trade)

You guys should take a look at BZH. I've been watching it for about a wk and finally got in yesterday at 1.24. Even if they have to write down assets again their book value should still be around $5/share. I've also got an upper level contact with their Dallas operations who tells me their sales are starting to pick up again.

 

The chart looks good and I think BZH is a good opportunity for a double or triple in the next 6-12 mos.

You'll be fine with ENER at that price, Depeche. 

 

But just trade it------forget "long term investing."

What are your thoughts on onav? Bot the stock a month ago at 3.59 and holding b/c of the divi it pays.

 

Been looking at GTI also...but hoping it retraces to the mid $7's.

 

Would love your thoughts.

BZH makin a nice move today.

It's a bloodbath in the market today. I'm tempted to buy a financial like C or BAC and try to pick up a quick 20-30% by Friday.

 

 

BUT just a 50% position (half of what you would normally buy for a trade and add IF it goes lower)

Yeah, Rink, financials could move.  Personally, I am looking for the easier trade (less potential reward, though) and scaling in to tech.

 

I will scale in as we drop, and lighten up as the pundits cheerlead.  Won't make me rich, but money is money----and the less stressful, the better.

 

JPM, WFC and GS are the annointed babies of the financial golden children.  BAC and C, to me, are the black sheep.

Like you said a week ago, though, Rat, you got to be careful with these farking ratings agencies (fangs) when trying to kiss rattlesnakes (trade financials).

 

Any one of these could come out first thing tomorrow with threats and whatever.

 

No one was impressed by the way BAC lied about their 1Q earnings today, and no one was fooled by C's garbage, either.  But for some reason, GS, BAC, and JPM were allowed to slide with their lies.

 

Makes you know, for sure, that all this is rigged.

Meant to type, WFC, NOT BAC, who was allowed to slide on their lies.

I nibbled at the gamers today. 2k each of LVS @ 4.58, MGM @ 5.11 and BYD @ 5.28.

 

will add IF they continue to get beat and build a position

 

looks like the E-trade baby want's to barf today. back near it's interday low. I think it just sets up for another run when the market turns. still good volume in the stock. a NASDAQ most active. 

Sounds like a plan with the gamers...BOL!

 

And good luck, also, messing with ETFC--------too scary for me.  Don't trust their stock, let alone their "real" balance sheets--------Moody's or some other farking icehole could ream the Etrade Baby out real good, too, so be nimble, man.

This is what the financials did (in case someone doesn't know) in the 1Q.....and 4Q, also, by the way.

 

They put the bulk of their writedowns for '09 1Q on the '08 4Q report----they knew what was going to be toxic for this recent quarter early last fall '08.

 

So in this '09 1Q, they don't have the liability exposure that they would have had had they told the truth and confessed, rather than sweeping the dirt under the rug and acting like it was all gone.

 

Hahahahahahahahahaha

 

They lied.....plain and simple.

 

 

These icehole executives, making SEVERAL million a year in BONUSES on top of multi million dollar salaries, for these financial companies are no different than little boys and girls hiding their toys under the bed and telling their mommy and daddy that they cleaned their room.

 

I can assure you that all this will eventually blow up again......you'll know it when your social security has been declared caput and your 6.2% per annum went down the drain.

 

Welcome to reality.

 

You got a few years to prepare.

I haven't made a move on anything yet but it looks like the financials will be even more discounted today so I'll wait a bit.

I bought 2000 shares of ETFC at 2.10 on rink rat's suggestion. With over 5 bil in cash the risk/reward possibilities seem better than BAC.

they really snap rolled the bears tuesday. down big on the open and snapped back.

 

ETFC spike low of 1.86 early now @ 2.37 with half an hour to go and a 2.46 high just before 1:00 est.

 

about the same with the gamers. I underbid and missed adding to LVS