August/Sept Stock Talk

sorry i misread wall


good reading for this afternoon...short article re subprime mess

Grinder,

That is a toughie..buying a stock like that and selling the CCs which are HIGHER than the high of the year.

If you think the stock has potential, I would either look to sell the Octobers or even let it ride and have it get even CLOSER to the strike, THEN sell..

Koaj, I sure want trying to offend of course, I hope it didnt come across that way.

Tech is really doing quite well for this drop, look how GOOG and JNPR bounced right back to where they were.

Shorting tech right now is a tough decision.

AAPL down more because of the price cut on the IPhone than anything else..cutting 200 bucks (or was it 300) is a big deal, probably means the phone wasnt selling...

no worries wall

grinder - maybe he should have said people with bad credit...there are poor responsible people and rich irresponsible people

either way, people who shouldnt be lent money if they dont have the means to pay it back

now we suffer...or we dont, depending on what side of the market you're in

 Lewis is a great satirist (if you have never read Liar's Poker, do yourself a favor and grab a copy:a hilarious look at his early days as a bond trader)

claycourt,

I didnt see fear at all..market just hung around, sold off mid day and ended up off the lows.

Fear is everything getting nailed and today that wasnt the case..lots of tech was up and some energy was too.

Today was the financials and some large cap consumer stocks, but not the market in general..

Think we are in for choppy trading throughout the bulk of this month...people are sitting out for the most part, to see which way the wind blows.

No offense taken, I was reading into what you were saying about the large dump and then my comments were more that a fear based sell off doesnt happen WITHOUT news in a short time, especially with other sectors actually doing quite well.

So I dont see tomorrow as a day that will have fear based selling, tech and energy are holding up too well for a real large fear based selling session.

I predict that tomorrow will be FLAT..DOW and SPX might be down, but the NAZ will hang in there and barring some NEWS it will be within a 1% move in either direction.

Just calling it as I see it...strong fear based selling happens either on the back of hard news or a summation of selling over a period of time..one day of moderate selling after several days of strong buying doesnt setup for tomorrow being a panic sell day..

JMHO

Now that people have looked carefully at Bernanke's speech (and Bush's non-bailout bailout), and then digested the beige book, I think along these lines.

A. The current prices of the market have a projected rate cut by the Fed already baked into them.

B. The market makers would like to see that rate cut actually happen, the bigger the better, both in discount and fed funds rates.

C. The way to make sure that rate cut happens is to hammer valuations down, forcing the Fed's hand to indeed make the cut.
Share dumping begins anew, not in panic, but in rational calculation.

 Is this recipe for a sell off, followed by a reluctant rate cut, followed by a last lurch upward just a little too pat???


 

Anyone pull the trigger on CRDC I mentioned yesterday?

Stock up another 30% today..pretty interesting possibilities for their product..

Gunners,

Stock up 40% now, real big money tossing this one around.

Interesting technology..and not in the development stage, it was used by some physicians and the patient was out the door in TWO days..pretty amazing.

I didnt get any either even though I watched it all day yesterday..

I looked at it and because I am cautious by nature, I did not buy

 I usually do not buy such stocks, but I thought I saw an enormous buy a few minutes ago...I did read their website and it does seem like they are going to get locked in at a lot of hospitals.

Apple shooting itself again in the foot...ouch...that phone of theirs is a dud.

Vermeer,

yeah I usually do not either.

They have little revenues, and a big valuation compared to book and sales, but somtimes a little guy like this turns big when what they have gets accepted mainstream.

The hook to me is that real physicians used the instrument successfully and the guy was out the door in TWO days.

I think it goes higher..

Some large buys are going through but that could be hedgies just throwing it up and down. I think we get a chance to buy lower..

Very intriuging device though, I need to read up on all the applications for the product and the price point.

ISRG has the robot device, and an 8B market cap. I dont think this device has the use that ISRG does, but at 100 M market cap, it could still keep going.

Only 11M shares out there too..makes for a bumpy right. I might try a lot and use a tight stop loss for fun.  

Missed the boat on that one Wallstreet. ... Been too busy capping football. Need to get my act together and start paying more attention to my portfolio.

What price do you consider as attractive? I always have a few bills to toss at speculations just to keep things interesting (not that this market has not been interesting lately!!)

I would want to see what the company does..if they pop a secondary then all bets off.

What will happen is volume will leave and it could turn into a dead stock for a while, so I would consider a LONG term entry in the 7 range, shocking but if the momentum guys leave it will go to 7.

Short term trading, look for a volume dump and try to ride the reversal...