BFI November [censored] thread
 

Post any random thoughts, trades or ideas as they pop into your head in this thread.

Re: BFI November [censored] thread
 

Today is a good day to buy some stocks on the cheap if you have been waiting.

Jimbo

Re: BFI November [censored] thread
 

[ QUOTE ]
Today is a good day to buy some stocks on the cheap if you have been waiting.

Jimbo

[/ QUOTE ]

i think US equities right now are a pretty shaky investment...i dunno why you would buy

not saying I'd sell either, just that there's going to be a lot of volitility in the near future and I'm not comfortable takign on a position

Re: BFI November [censored] thread
 

[ QUOTE ]
i think US equities right now are a pretty shaky investment...i dunno why you would buy


[/ QUOTE ]

Care to elaborate? Some of them? Nearly all of them? Where did I specify only US equities? Multinationals are going back up after this mini-correction. I am referring to some short term traders right now and anyone who wants a long term position in some of the more solid US banks and a select few tech stocks. I even like the price of some of the retailers heading into the holiday season.



Now all that being said and asked; in my positions thread I have been concentrating on puts so on specific stocks I agree with you. I just bought MSFT $37.50 puts, made money on my GS puts and plan on buying puts on Google and buying December $110 calls on Garmin.

I increased my position in XMSR substantially and am planning on getting back into UA at any price under $58. Also would buy YHOO under $30.

Jimbo

Re: BFI November [censored] thread
 

[ QUOTE ]
Today is a good day to buy some stocks on the cheap if you have been waiting.

Jimbo

[/ QUOTE ]

would today be like an especially good day to put a load of money in a broad index?

Re: BFI November [censored] thread
 

[ QUOTE ]
[ QUOTE ]
Today is a good day to buy some stocks on the cheap if you have been waiting.

Jimbo

[/ QUOTE ]

i think US equities right now are a pretty shaky investment...i dunno why you would buy

not saying I'd sell either, just that there's going to be a lot of volitility in the near future and I'm not comfortable takign on a position

[/ QUOTE ]

Doesn't not selling pretty much equal buying? Other than transaction costs and taxes that is.

Re: BFI November [censored] thread
 

[ QUOTE ]
[ QUOTE ]
Today is a good day to buy some stocks on the cheap if you have been waiting.

Jimbo

[/ QUOTE ]

would today be like an especially good day to put a load of money in a broad index?

[/ QUOTE ]

I would see if the S&P 500 holds above it's most recent resistance level. Personally I'm not a real index type person but there are some people on here that really follow them closely so I hope they chime in.

Jimbo

Re: BFI November [censored] thread
 

gogog my SP dec 22nd puts and my crocs puts. Actually mad money today despite holding C and MER, those pieces of crap. Might have had something to do with crocs dropping 36% [img]/images/graemlins/smile.gif[/img]

Re: BFI November [censored] thread
 

oh, and I just bought STX and CX

Re: BFI November [censored] thread
 

down $4.5k today. boo. china index down nearing 5% plus losses in silver. always was expecting this though.

Re: BFI November [censored] thread
 

wait, silver dropped? oh man im getting into that tomorrow

Re: BFI November [censored] thread
 

silver opened at 1450 and dropped to 1410 (was sub 1400 possibly during day i cant remember). i got $23 per $1 swing. boo.

Re: BFI November [censored] thread
 

[ QUOTE ]
[ QUOTE ]
Today is a good day to buy some stocks on the cheap if you have been waiting.

Jimbo

[/ QUOTE ]

would today be like an especially good day to put a load of money in a broad index?

[/ QUOTE ]

Dollar cost averaging, dude.

Re: BFI November [censored] thread
 

gogogogogogo CX

Re: BFI November [censored] thread
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Today is a good day to buy some stocks on the cheap if you have been waiting.

Jimbo

[/ QUOTE ]

would today be like an especially good day to put a load of money in a broad index?

[/ QUOTE ]

Dollar cost averaging, dude.

[/ QUOTE ]

SUX

Re: BFI November [censored] thread
 

im down like 20k today. stocks fking blow.

Re: BFI November [censored] thread
 

Gotta love it when you short a company and then get to watch them make horrible managerial decisions:

"Crocs to Buy Back 1 Million Shares
Friday November 2, 7:40 am ET
Crocs Board Authorizes Repurchase of Up to 1 Million Shares of Common Stock

NIWOT, Colo. (AP) -- Colorful plastic shoe maker Crocs Inc. said Friday its board approved the repurchase of up to 1 million common shares, effective immediately.

Share repurchases under this authorization may be made in the open market or in privately negotiated transactions. The timing and actual number of shares repurchased will depend on price, corporate and regulatory requirements and other market conditions.

The company currently has about 81.6 million common shares outstanding."



They dont have a very large cash position, in fact this would pretty much use up all the cash on their balance sheet.

Re: BFI November [censored] thread
 

seems like my two financials like to take turns leading the market lower every day.

Re: BFI November [censored] thread
 

i wonder which major brokerage firm is going to go belly up first? what impact will that have on gold and gold related stocks? [img]/images/graemlins/grin.gif[/img]

the derivative meltdown is going to be nasty

Re: BFI November [censored] thread
 

Nothing will go Belly-up, they'd get bought out long before that would happen

Re: BFI November [censored] thread
 

[ QUOTE ]
down $4.5k today. boo. china index down nearing 5% plus losses in silver. always was expecting this though.

[/ QUOTE ]

john..how much are you up on your gold trade so far? just cracked $800. all time closing high i believe is $850. next stop $1000.

Re: BFI November [censored] thread
 

[ QUOTE ]
[ QUOTE ]
down $4.5k today. boo. china index down nearing 5% plus losses in silver. always was expecting this though.

[/ QUOTE ]

john..how much are you up on your gold trade so far? just cracked $800. all time closing high i believe is $850. next stop $1000.

[/ QUOTE ]

up about $11k [img]/images/graemlins/smile.gif[/img] on gold in a month or so. i had £30 per $1 from 725 to 750 and then £100 from 750 to now $803.

thanks a lot for the recommendation. i ideally i want to increase my position by an extra 20% ill do that soon i think, need to decide which gold fund to leverage.

Re: BFI November [censored] thread
 

ive got the BBC news at 6pm on in the back (if your not familar with UK news it's the main tv terrestial channel and main news bulletin). it was covering for a few minutes about the volatility in the markets and said about oil prices rising. it then had a clip about gold! and how it's been rising so much in the last 6 months and people are looking to buy physical gold.

Re: BFI November [censored] thread
 

[ QUOTE ]
im down like 20k today. stocks fking blow.

[/ QUOTE ]
Thank you for making my day better.

Re: BFI November [censored] thread
 

[ QUOTE ]
[ QUOTE ]
i think US equities right now are a pretty shaky investment...i dunno why you would buy


[/ QUOTE ]

Care to elaborate? Some of them? Nearly all of them? Where did I specify only US equities? Multinationals are going back up after this mini-correction. I am referring to some short term traders right now and anyone who wants a long term position in some of the more solid US banks and a select few tech stocks. I even like the price of some of the retailers heading into the holiday season.



Now all that being said and asked; in my positions thread I have been concentrating on puts so on specific stocks I agree with you. I just bought MSFT $37.50 puts, made money on my GS puts and plan on buying puts on Google and buying December $110 calls on Garmin.

I increased my position in XMSR substantially and am planning on getting back into UA at any price under $58. Also would buy YHOO under $30.

Jimbo

[/ QUOTE ]

I dont like to pick individual stocks. I'd rather take broader views on the market (sectors, indexes, etc)

There are lots of earnings reports looming in the near future for some other big banks (bear stearns, etc.) I think we may see some more skeletons in the closet and the market could react very poorly (conversely i dont think there's as much upside if these come in on the up and up). I think you're going to see a lot of volatility in the next month or two

FWIW i took out a long SPz7 contract today at 1505. I think we'll see a little short term correction. I'll prob dump it in the 30's depending on happenings along the way

Re: BFI November [censored] thread
 

Gold spot closed at $806. Congrats to all those involved. Expect some turbulence as it approaches the all time nominal high of around $850. Going to 4 digits in 2008.

Re: BFI November [censored] thread
 

Anyone looking into Alibaba IPO/Yahoo stock price effect?

http://www.bloomberg.com/apps/news?p...d=aAnJbtzBmDWE

Re: BFI November [censored] thread
 

Do you think the stock is overvalued now trading @ 32.90 afterhours. I missed the boat when it was in its 30.xx

Re: BFI November [censored] thread
 

[ QUOTE ]
Anyone looking into Alibaba IPO/Yahoo stock price effect?

http://www.bloomberg.com/apps/news?p...d=aAnJbtzBmDWE

[/ QUOTE ]

Yes. An analyst calculated the effect of Alibaba IPO to be about $2.50 in YHOO's share price. I ran the numbers in the prospectus and came up with something very close. I did not look through all of YHOO's assets and earnings to see if it's already priced in but with a quick look at YHOO's fwd P/E of 57 vs GOOG's 34, it might already be well priced in and more.

According to my numbers, if Alibaba doubles on day one, YHOO's share price should go up a little less than $2. With these crazy Chinese IPOs, who knows what will happen.

Alibaba is also priced at 106 trailing P/E and 66 fwd P/E @ $13.5HKD. I'm unconvinced they can continue to grow at this pace for the next few years. One thing to note is that YHOO owns 39% of Alibaba's parent company and if they IPO Taobao.com and Alipay.com (Chinese equivalent of eBay and Paypal), we'll probably see some more massive hype for YHOO. Alibaba Group has a few other internet properties but nothing worth writing about.

Anyway, despite all that, I picked up a few YHOO JAN 35 CALLS earlier this week just for [censored] and giggles.

Re: BFI November [censored] thread
 

ESV is super super cheap right now. P/E ratio of 8.5 and expected growth rate of least 25% per year. And no debt. And oil only keeps going up in price. Id say they're a good deal.

Re: BFI November [censored] thread
 

All this crap with the markets is really hurting my ability to switch jobs.

Life swongs are one thing.

Re: BFI November [censored] thread
 

ok i dont get it. how come every time i buy whatever stock i think seems cool the dow drops 350 points that day? )*#%()*%()*%*%#@%*#@&%*#@&%. stupid stock market. ima go buy rental properties.

Re: BFI November [censored] thread
 

[ QUOTE ]
ok i dont get it. how come every time i buy whatever stock i think seems cool the dow drops 350 points that day? )*#%()*%()*%*%#@%*#@&%*#@&%. stupid stock market. ima go buy rental properties.

[/ QUOTE ]

man you just need to find a good stock. Longing ESV is the only good one I can find right now. Shorting AMZN is not a bad plan either right now.

Re: BFI November [censored] thread
 

if you don't read the leverage thread but do read this, any thoughts on long sugar and long swiss franc vs british pound?

raptor lols i know the feeling, why i left stocks and jumped on to commodities.

Re: BFI November [censored] thread
 

raptor, read a bit of the intelligent ivestor. You probably just fall into the natural instinctual trap everybody does of buying after things have had a huge run and panic selling after things already dropped a [censored]. Both are irrational yet totally evolutionary feelings.

Re: BFI November [censored] thread
 

[ QUOTE ]
raptor, read a bit of the intelligent ivestor. You probably just fall into the natural instinctual trap everybody does of buying after things have had a huge run and panic selling after things already dropped a [censored]. Both are irrational yet totally evolutionary feelings.

[/ QUOTE ]

ive always tried to do the opposite. ive read the intelligent investor. i also sell too soon i think, i picked up fslr at like 34 bucks a share but sold it at like 90. so far the only pretty successful stock ive picked up. within a week after selling it was up over 130. i was /endlifing.

Re: BFI November [censored] thread
 

Think im going to buy some nov xlf puts on monday (xlf is the financials eft). just have a feeling this isnt over and I want to hedge my financials for now.

Re: BFI November [censored] thread
 

My portfolio includes physical gold, gold miners, oil stocks and im looking into infastructure. Started investing in these in 2006

Re: BFI November [censored] thread
 

holy cow hong kong is getting crushed, down 6% today. typical first time i invest in it and within a week it's down about 10% = bye bye $3k.

tempted to load up on this dip but i kinda fear it could drop some more. hmmmm....tempted to but i dont really want anymore exposure to it.

Re: BFI November [censored] thread
 

got my xlf nov puts a bit more expensive than I wanted. Too bad you cant trade on weekends or I would have been protected from the citi news