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#1
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BFI November [censored] thread
Post any random thoughts, trades or ideas as they pop into your head in this thread.
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#2
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Re: BFI November [censored] thread
Today is a good day to buy some stocks on the cheap if you have been waiting.
Jimbo |
#3
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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 |
#4
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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 |
#5
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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 |
#6
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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.
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#7
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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. |
#8
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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? |
#9
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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 |
#10
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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]
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