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I'm pissed at myself because I was liquidating and telling myself not to buy until we had a correction, then I couldn't resist getting into GS and BP. Well they are still only down 1% on me right now.
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May 6, 2010 20:17
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Hahaha gently caress, and I'd just bought some stuff this morning. 6 hours and I could have bought it cheap as gently caress 
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May 6, 2010 20:19
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ixo posted:uhhhhh, did anyone else see every single iShares etf drop to 1 cent per share? what in the holy gently caress was that about? I caught that too (well I didn't get an exact price) but I can't get a full update on any site right now. I think it was a glitch somewhere but it was weird because my basket of non-indexed dogs went down with everything else.
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May 6, 2010 20:21
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Janin posted:Hahaha gently caress, and I'd just bought some stuff this morning. 6 hours and I could have bought it cheap as gently caress Definitely feeling this. I bought some stuff a week ago at the first Greek-induced dip. Now things are down 5% on top of that. Could have waited a week. This is a position I intend to be in for months or years, so I definitely could have waited a week to buy in.
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May 6, 2010 20:21
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Jreedy88 posted:Definitely feeling this. I bought some stuff a week ago at the first Greek-induced dip. Now things are down 5% on top of that. Could have waited a week. This is a position I intend to be in for months or years, so I definitely could have waited a week to buy in. Buy more, lower your average purchase price?
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May 6, 2010 20:25
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I'm pissed because I had a conversation with my friend at like 11am today where I said I am worried that we are having multiple down days in a row, and that we might see the bottom fall out because of it. And here we are.
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May 6, 2010 20:25
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Glad I left my 401k money in cash reserves for a bit. Jesus christ.
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May 6, 2010 20:26
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Got out of a few positions yesterday, only holding QCOM, XLNX and SIRI now, all of which are long term and make no sense to sell. drat, this happened fast too.
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May 6, 2010 20:30
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Word on the street according to FT that this was a huge program trading fuckup on Proctor and Gamble. Also I can't get on my interwebs broker. I was hoping to see an actual circuit breaker tripping day...sorta.
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May 6, 2010 20:34
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MrBigglesworth posted:Buy more, lower your average purchase price? I would but the money's not in the right place right now to fire off a trade. Takes days to get it in place. Don't keep much in my brokerage account.
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May 6, 2010 20:45
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PsychoAndy posted:Word on the street according to FT that this was a huge program trading fuckup on Proctor and Gamble. Heard another rumor that the a Citi broker accidentally sold $16B in ES instead of $16M. I like that being down 3% all of the sudden seems like an ok day.
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May 6, 2010 20:45
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Took this time to shift some money around from stocks that "barely" dropped (~2%) to stocks that plummeted (~7%). Hopefully the right decision since this seems to be on the "oops" side of things rather than the "omg armageddon" sort.
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May 6, 2010 20:58
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anyone know why zerohedge is down?
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May 6, 2010 21:08
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unixbeard posted:anyone know why zerohedge is down? Bears probably flocked to it and crashed the servers. Also, goldbugs.
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May 6, 2010 21:08
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http://english.eluniversal.com/2010/05/06/en_eco_esp_barclays-capital:-pd_06A3866333.shtml Oh Venezuela, still thinking that anyone gives a poo poo....
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May 6, 2010 21:10
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Cheesemaster200 posted:http://english.eluniversal.com/2010/05/06/en_eco_esp_barclays-capital:-pd_06A3866333.shtml "ever watch a mouse rape an elephant"
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May 6, 2010 21:12
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pr0k posted:I just added to my NOV position at 39.90. After Hours: 43.22 Up 2.20 (5.36%) 4:09PM EDT  edit: poo poo's still going crazy! After Hours: 41.45 Up 0.43 (1.05%) 4:11PM EDT :notquitecoalbutstillnottoosucky:
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May 6, 2010 21:28
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unixbeard posted:anyone know why zerohedge is down?
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May 6, 2010 21:35
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My favorite chart of the day: 
Euthyphro fucked around with this message at 21:39 on May 6, 2010 |
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May 6, 2010 21:36
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I WANT TO EAT BABBY posted:Heard another rumor that the a Citi broker accidentally sold $16B in ES instead of $16M.
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May 6, 2010 21:42
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I feel sick about owning C right now  I do feel good about my awesome "investment" instinct of hitting F5 every second while pooping my pants until the indexes finally ticked up, then putting in a massive buy order for the stock on my watch list which was down the most at that point. That was just an insane loving cliff. I felt so retarded buying into that. I'm sorry I didn't have something like PG or SCHA on my lists though!
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May 6, 2010 21:43
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Up 3% for the day  Though I only just caught up to the general market rise in the last month with that.
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May 6, 2010 21:44
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Maybe that's why I couldn't access my Schwab account earlier, they were out of business for a bit there.
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May 6, 2010 21:44
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Duey posted:Maybe that's why I couldn't access my Schwab account earlier, they were out of business for a bit there. It's not even Schwab itself, it's their Small Cap Index ETF. An INDEX dropped like that. Doesn't make sense.
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May 6, 2010 21:48
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I love it when perma-bulls get squashed. Today was a glorious day.
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May 6, 2010 21:52
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Even better! (Although I don't own this one, and it did not cause me to have a heart attack)
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May 6, 2010 21:56
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I WANT TO EAT BABBY posted:Heard another rumor that the a Citi broker accidentally sold $16B in ES instead of $16M. Citi just announced "It finds no evidence of erroneous trades."
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May 6, 2010 21:56
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Jesus what a day, hopefully Germany approves the Greek financing and there's an upside surprise in US NFP tomorrow to get us back to happy times. Just bought big positions at the dips in XEG.TO and XMA.TO, global growth don't fail me now!
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May 6, 2010 21:59
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Bought into VXX @24 this morning, strongly considering buying more.
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May 6, 2010 22:00
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what the gently caress.
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May 6, 2010 23:01
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I WANT TO EAT BABBY posted:Something similar would be inefficient. FAZ is retarded. 
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May 6, 2010 23:23
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Christobevii3 posted:Context, bitch. Edit: nice win BTW Plastic Jesus fucked around with this message at 11:06 on May 7, 2010 |
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May 7, 2010 01:15
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Dr. Eldarion posted:http://www.marketwatch.com/story/programs-e-minis-trade-snafu-said-contributed-to-market-plunge-2010-05-06 It seems like they don't even know how this could have happened, let alone who actually caused it.
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May 7, 2010 03:02
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Built 4 Cuban Linux posted:It seems like they don't even know how this could have happened, let alone who actually caused it. http://www.reuters.com/article/idUSN0624451020100507 I could post other site's analysis of it, but since everyone here seems to refuse to believe markets and all of their participants are anything but  there is no point.
abagofcheetos fucked around with this message at 03:17 on May 7, 2010 |
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May 7, 2010 03:13
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abagofcheetos posted:http://www.reuters.com/article/idUSN0624451020100507 Nah. I'm willing to admit that all market participants are incompetent, evil, or both. Days like these make me wonder which one I am.
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May 7, 2010 03:37
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abagofcheetos posted:I could post other site's analysis of it, but since everyone here seems to refuse to believe markets and all of their participants are anything but On that note: To be honest I do not know how correct this guy is, how factual the information is, whether its skewed or not, but it is definitely an interesting and worthwhile read. I'd be interested to hear more informed opnions on the articles. Start with http://www.minyanville.com/businessmarkets/articles/taxpayer-government-debt-enron-m3-money/4/16/2010/id/27821?page=full then http://www.minyanville.com/businessmarkets/articles/us-government-taxpayers-treasury-auction-derivatives/4/30/2010/id/28058?page=full
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May 7, 2010 03:38
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It is obvious that whatever the gently caress happened today was exacerbated by high frequency/algo trading. The question is: What caused this crap? Nobody has fessed up to erroneous trades (at least not yet). There's a post over at Zero Hedge (yeah, I know, lol) that suggests a move in the Dollar/Yen triggered an algo sell-off. It is an interesting theory. http://www.zerohedge.com/article/i-l-l-i-q-u-i-d-i-t-y
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May 7, 2010 04:06
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ZH's main high frequency trading writeup today is a really good read as well.
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May 7, 2010 04:11
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Ravarek posted:It is obvious that whatever the gently caress happened today was exacerbated by high frequency/algo trading. The question is: What caused this crap? Nobody has fessed up to erroneous trades (at least not yet). There's a post over at Zero Hedge (yeah, I know, lol) that suggests a move in the Dollar/Yen triggered an algo sell-off. It is an interesting theory. Yeah, for loving one citibanker guy to do this it would require him to be allowed access to capital in the $100 million with insane leverage or trillions. It's all bs. Also, resetting trades and being all "lol computers" is going to instill confidence...
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May 7, 2010 05:14
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So I'm a novice at the stock thing, but if you had timed it correctly could you have bought like 100000 shares of accenture at 0.01 and then sold them at $40? effectively making $4,000,000? Cause that's hosed up.
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May 7, 2010 10:18
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