Jan 2010 Stock Thread

They are OFFFFFF to the races, ramping them up to start the year.

Huge inflows from 401k's I imagine..it is obvious that they are really trying to push it past that 50% retrace level so the rally can continue.

the BULLSHIT is flying fast and thick about Macau today. bunch of "upgrades" by "anal"ysts is jacking WYNN and LVS. even the ChiCom dog MPEL is up a fraction.

I don't buy their hype

Macau BS >>> https://moneynews.com/Companies/US-Casinos-Sector-Snap/2010/01/04/id/345289

I saw that WYNN being up 5 clams today, LVS almost up 10% today too.

I honestly dont get this continual market move given the underlying uncertainties.

Do 401k's really fund big on the first day of the year?  Mine doesn't.  I put in for my Roth contributions, but of course I don't think that's available until tomorrow.  Sucks.  I'm gonna wait for a little pullback, but if that never happens I'm gonna be .

Depeche..

Fund flows hit at the first of the month..people who make 401k contributions on a 1st and 15th of the month typically add to the market the first week.

Roth and IRA contributions help for sure, but they are open to make until April 15th, not sure how much goes in but you could be right there too.

I have 10K to invest in my Roths, any ideas???  Usually thinking in terms of mutual funds here.

Looking at the 4 funds I bought for my Roths early in '09 they are up 31%, 48%, 54% and 58% respectively.  Somehow I'm doubting that I can repeat that.  Of course that just barely brings my Roths overall to breakeven (thanks 2008).

LVS running mad again today.  I think this is warranted.  Macau running wild, Vegas poised for some comeback, company leaned up during tough time and plenty of room to run to get back anywhere near where it once was.  Can easily still see this running to $40-50 this year.  Or am I crazy?

I wouldnt touch these Vegas stocks at current levels, wait for a retrace, but if you HAD to get in then go 20-25% at a time and move into a full position.

I still remember getting jammed with this LVS  short a couple years ago when it was over 100. Hard to believe the roller coaster its had since then.

I'm still in from just under $10 and I'll be holding for awhile.

Hey Wall you give up on Forex?

Not at all, stepped back to take care of stuff and decided to observe for a few months and shore up the balances so I am not getting jammed by margin calls.

Not much longer and I will be back trading regularly.

Nothing can keep the market down..they tried today but nothing doing.

Financials are on fire this entire week too, cannot find any reason for it and it is pissing me off.

wow