Stock thread

danzik17 · 05-13-2008, 01:40 PM

So what are you doing in the market today DOMS since I know you will find this thread within 15 seconds.

Freaking down 0.09 more and my buy on BAC is triggered - FREAKING COME ON.

danzik17 · 05-13-2008, 01:47 PM

BAM got it. Hello 7% yield with huge growth opportunities.

min0 lee · 05-13-2008, 01:59 PM

Quote:

Originally Posted by danzik17

So what are you doing in the market today DOMS since I know you will find this thread within 15 seconds.

He has failed you.
Expect the same from him on Christmas.

Witchblade · 05-13-2008, 02:20 PM

DOMS · 05-13-2008, 02:23 PM

I just placed an Iron Condor on KO. I like trading ICs on KO because it isn't tied to the economy so much and even when the Dow (or S&P) takes a dump, KO just putters along.

What I hoping is to take advantage of the slide by finding a good straddle.

DOMS · 05-13-2008, 02:28 PM

Gah! And wouldn't you know it? The only stock whose prices is good for a straddle, CNW (Con-way) has too high an implied volatility! Grrr...

danzik17 · 05-13-2008, 03:10 PM

Quote:

Originally Posted by Witchblade

Pm?

Nah there are other people that like doing stocks too

min0 lee · 05-13-2008, 03:48 PM

This is my 401k

min0 lee · 05-13-2008, 04:13 PM

It's sad.

DOMS · 05-13-2008, 04:18 PM

Quote:

Originally Posted by min0 lee

It's sad.

The reason that it's sad is that (and I'm no expert on this) you can't short stocks in a 401k. That's the same reason why you don't invest in a mutual fund in a downward market.

danzik17 · 05-13-2008, 04:29 PM

Why wouldn't you invest in a mutual fund in a downward market? It's the same principle as buying stocks sort of. Buy hurt funds that have good managers and sit for the long haul.

DOMS · 05-13-2008, 04:35 PM

Quote:

Originally Posted by danzik17

Why wouldn't you invest in a mutual fund in a downward market? It's the same principle as buying stocks sort of. Buy hurt funds that have good managers and sit for the long haul.

Because if the overall market is going down, then the funds will be going down, too. I'm not willing to buy into an invest that's going to go down. Not even if it's only in the short term.

If you really must invest of a fund of some sort, invest in a hedge fund. They're allowed to do stuff like shorting and option trading.

danzik17 · 05-13-2008, 04:39 PM

I was under the impression that to have a hedge fund even consider you, you need to have like 50k to invest. I don't have anywhere near that kind of money right now (just graduating college).

I guess that's where we differ though, I'm fully willing to take a hit in the short term for huge growth in the long term. That's why I've been buying BAC even though it is hurting a lot from all of the mortgage and credit problems - I can't see it failing and I feel that it will go up a lot in the long term. That and I locked in a pretty sweet yield by buying it so low.

DOMS · 05-13-2008, 04:43 PM

Quote:

Originally Posted by danzik17

I was under the impression that to have a hedge fund even consider you, you need to have like 50k to invest. I don't have anywhere near that kind of money right now (just graduating college).

I wouldn't be surprised. Hedge funds are considered, rightfully so, to be riskier than mutual funds.

Quote:

Originally Posted by danzik17

I guess that's where we differ though, I'm fully willing to take a hit in the short term for huge growth in the long term.

You're an investor, I'm a speculator. Very different time frames.

Quote:

Originally Posted by danzik17

That's why I've been buying BAC even though it is hurting a lot from all of the mortgage and credit problems - I can't see it failing and I feel that it will go up a lot in the long term. That and I locked in a pretty sweet yield by buying it so low.

I think that BAC is a decent investment because of the dividend. I just wonder if they can go on paying it. And yes, BAC isn't going anywhere. Worst case for a bank, or a brokerage

, is that they'll be purchased by another.

DOMS · 05-13-2008, 04:44 PM

If you're looking for a good story of how bad a hedge fund can get, look up Long-Term Capital Management. The fund that almost ruined the world economy.

danzik17 · 05-13-2008, 04:49 PM

They've already announced that they will not be cutting dividends this quarter, so we're set on that one.

What's really going to be the turning point is when the hundreds of billions of Fed loans to the banks come due I think in July or August. That will make or break BAC; if they didn't borrow too much then they will look like solid gold compared to the banks who are now knee deep in debt that they might not be able to pay back without selling off a lot of assets or raising more capital. If they play it right, BAC might be acquiring a ton of stuff for pennies on the dollar.

DOMS · 05-13-2008, 04:52 PM

I take it that you've gone over the 10Ks and 10Qs? Listened to the last few conference calls?

danzik17 · 05-13-2008, 04:56 PM

Not for over a month - this month I haven't had time to do anything but study and take finals. My buy price was pre-set from a while ago.

All of my ideas there are purely common sense ideas. BAC has the resources available to be purchasing CFC (which by the way, why the hell are THEY paying a dividend still?) so they will likely be able to purchase smaller divisions of other companies IF they go on sale.

05-13-2008, 01:40 PM	#1
danzik17 Gender: MALE Elite Member Join Date: Oct 2005 Location: Connecticut Posts: 1,768 Blog Entries: 5	Stock thread BODYBUILDING SUPPLEMENTS High Quality Supplements For Bodybuilders and Athletes. www.ironmaglabs.com So what are you doing in the market today DOMS since I know you will find this thread within 15 seconds. Freaking down 0.09 more and my buy on BAC is triggered - FREAKING COME ON.
	Ron Paul 2008 Journal: Boom goes the dynamite

05-13-2008, 01:47 PM	#2
danzik17 Gender: MALE Elite Member Join Date: Oct 2005 Location: Connecticut Posts: 1,768 Blog Entries: 5	BAM got it. Hello 7% yield with huge growth opportunities.
	Ron Paul 2008 Journal: Boom goes the dynamite

05-13-2008, 02:20 PM	#4
Witchblade Succinct Elite Member Join Date: Jul 2006 Location: Holland Posts: 4,219 Photos: 2	Pm?
	My Journal My Linkdump [LSFW] IM Official FAQ [WORK IN PROGRESS]

05-13-2008, 03:48 PM	#8
min0 lee I See© Elite Member Join Date: Oct 2004 Location: The Bronx, NYC Posts: 31,100 Blog Entries: 3 Photos: 542	This is my 401k
	How To Do The Perfect Bench Press Rep Bodybuilding and Lifting Weights, the Difference ironmagazine-frapper KEFE '08

05-13-2008, 04:13 PM	#9
min0 lee I See© Elite Member Join Date: Oct 2004 Location: The Bronx, NYC Posts: 31,100 Blog Entries: 3 Photos: 542	It's sad.
	How To Do The Perfect Bench Press Rep Bodybuilding and Lifting Weights, the Difference ironmagazine-frapper KEFE '08

05-13-2008, 04:29 PM	#11
danzik17 Gender: MALE Elite Member Join Date: Oct 2005 Location: Connecticut Posts: 1,768 Blog Entries: 5	Why wouldn't you invest in a mutual fund in a downward market? It's the same principle as buying stocks sort of. Buy hurt funds that have good managers and sit for the long haul.
	Ron Paul 2008 Journal: Boom goes the dynamite

05-13-2008, 04:39 PM	#13
danzik17 Gender: MALE Elite Member Join Date: Oct 2005 Location: Connecticut Posts: 1,768 Blog Entries: 5	I was under the impression that to have a hedge fund even consider you, you need to have like 50k to invest. I don't have anywhere near that kind of money right now (just graduating college). I guess that's where we differ though, I'm fully willing to take a hit in the short term for huge growth in the long term. That's why I've been buying BAC even though it is hurting a lot from all of the mortgage and credit problems - I can't see it failing and I feel that it will go up a lot in the long term. That and I locked in a pretty sweet yield by buying it so low.
	Ron Paul 2008 Journal: Boom goes the dynamite

05-13-2008, 04:49 PM	#16
danzik17 Gender: MALE Elite Member Join Date: Oct 2005 Location: Connecticut Posts: 1,768 Blog Entries: 5	They've already announced that they will not be cutting dividends this quarter, so we're set on that one. What's really going to be the turning point is when the hundreds of billions of Fed loans to the banks come due I think in July or August. That will make or break BAC; if they didn't borrow too much then they will look like solid gold compared to the banks who are now knee deep in debt that they might not be able to pay back without selling off a lot of assets or raising more capital. If they play it right, BAC might be acquiring a ton of stuff for pennies on the dollar.
	Ron Paul 2008 Journal: Boom goes the dynamite

05-13-2008, 04:56 PM	#18
danzik17 Gender: MALE Elite Member Join Date: Oct 2005 Location: Connecticut Posts: 1,768 Blog Entries: 5	Not for over a month - this month I haven't had time to do anything but study and take finals. My buy price was pre-set from a while ago. All of my ideas there are purely common sense ideas. BAC has the resources available to be purchasing CFC (which by the way, why the hell are THEY paying a dividend still?) so they will likely be able to purchase smaller divisions of other companies IF they go on sale.
	Ron Paul 2008 Journal: Boom goes the dynamite

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