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abagofcheetos posted:Bye bye 11k, we hardly knew ye.
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Aug 18, 2011 15:20
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Thanks market for waiting until three days after I jumped back in to crash. :/
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Aug 18, 2011 15:24
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One thing to remember is OEX tomorrow. This poo poo is bananas!
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Aug 18, 2011 15:36
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Jack posted:CISG, EJ, CYD. What sort of lists do you peruse to find stocks like this?
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Aug 18, 2011 16:42
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Schwab has a built in screener in the trading platform, but you could probably get away with just yahoo finance / finviz. There's a few websites out there that deal specifically with Chinese stocks (chinabizfocus, cnanalyst) where you can find lists and then just do DD from there.
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Aug 18, 2011 17:05
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Jack posted:Man I'm frothing at the mouth buying up all these cheap chinese stocks that trade at 0.x-1x sales and yield more than 30 yr bonds here with all the profits from shorting those 10xer stocks. It's like buying options on the RMB/USD that actually gain theta. CISG, EJ, CYD. Um, I hope you've been paying attention to all the completely fraudulent Chinese ADRs that have been dropping like flies lately. It appears even banks are in on it and no one knows how widespread it is, theres a reason they are trading like that.
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Aug 18, 2011 18:29
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FAZ trade from this morning is now up 6.02%, which is pretty good considering it was a (effectively) riskless trade. No way I'm holding it overnight though. I'll probably just put in a limit sell at 3:58pm a little under the bid to make sure it gets filled.
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Aug 18, 2011 18:57
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Radd McCool posted:I knew I should have picked up a DOW 10,000 hat. My dow 10,000 hat options are going up like crazy!
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Aug 18, 2011 19:15
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Good day to buy? or is the bottom yet to be reached?
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Aug 18, 2011 19:17
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Tuff Ghost posted:Good day to buy? or is the bottom yet to be reached? Man, if only I knew that, I'd be a billionaire. Personally, I'm still waiting a little bit longer, but I'm in the "opportunistic buying" mode right now in the mean time.
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Aug 18, 2011 19:51
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Put on my first trade since this debacle started: sold TLT Sep 110 puts against long the Oct 110 puts. The IV discount versus actual volatility has me puzzled so being long Vega could be a mistake, but think it'll probably move sideways for a bit while the equity markets continues their seizures.
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Aug 18, 2011 20:28
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Stupid rally destroyed my FAZ trade. Still cleared 5% though. Tomorrow brings another opportunity.
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Aug 18, 2011 21:17
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Tuff Ghost posted:Good day to buy? or is the bottom yet to be reached? tested 1200 yesterday and failed, the drop today is not that surprising, was an outside day on ndx as well. If I had to bet i'd say its going to touch 1120/1100 before 1200, but I wouldnt even think of going long till it'd gotten above and passed a retest of 1200. If you're super ballsy put a buy limit at 1105 looking for 1200
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Aug 18, 2011 22:23
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Well, I'm finally beating the market year to date. I hate winning by default, though.
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Aug 18, 2011 22:42
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HP looks like more of a laughing stock than MSFT. Their tablet got shuddered in 10 days.
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Aug 19, 2011 01:47
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Foma posted:HP looks like more of a laughing stock than MSFT. Their tablet got shuddered in 10 days. I would have packaged and sold the Palm business long ago. Now they are going to get poo poo for it, unless Google decides they really need those patents too.
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Aug 19, 2011 15:02
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They've been on an acquisition binge though. They just bought EDS a bit ago doubling their services revenue. Not sure how that compares to loving up the Palm business, but it's big enough to figure in. Interestingly, Marc Faber was on yahoo today saying gold in safe deposit boxes is not a bad idea.
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Aug 19, 2011 15:52
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Speaking of calendar spreads, the prices on the ATM Sep/Oct SPY spreads are ridiculous right now. Getting short the you can have 18 points of wiggle-room, while being long theta and vega 
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Aug 19, 2011 17:52
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What do you all think about the run up in precious metals? Is it too late to get into gold and silver or is there still room to move up?
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Aug 20, 2011 00:27
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With ThinkOrSwim finally completing its merger with TDAmeritrade, I'm thinking about moving my money again. Anyone have a discount brokerage they really like?
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Aug 20, 2011 01:47
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I'm looking around for a new broker. I was using Zecco, but they screwed up a cash transfer request*, and now I don't want to do business with them anymore. I like mutual funds, and I'm looking for a broker that has low fees for buying and selling them (Zecco's were $10 to buy or sell), they must support DRIP (that's automatic dividend and capital gains reinvestment without additional fees), and, of course, they must have a large selection of mutual funds (Sharebuilder, for instance, has only a limited selection of mutual funds). I tried Optionshouse, only to find that 80% of the mutual funds I wanted to buy "cannot be traded through the platform". I'll call them tomorrow to find out what that means, but I'm guessing it means that either I can place an order but it'll have to be over the phone, which means much higher fees, or that I just flat out can't buy those funds through them. Would any of you handsome fellows know of a broker that meets my needs? Of the brokers listed in the OP: E-Trade: Mutual Funds not eligible for DRIP TD Ameritrade: $50 commission to buy or sell a mutual fund Zecco: Horrible cash transfer mishap Option House: 80% of the mutual funds that I like "cannot be traded through the platform." Scottrade: No DRIP Think or Swim: is TD Ameritrade Fidelity: $75 commission to buy or sell a mutual fund Sharebuilder: Limited selection of mutual funds *I put in an ACH request, got a message that the ACH failed and was cancelled, waited till the next day, put in the ACH request again which did go through, and then the next week, lo and behold, turns out their message that the first ACH request failed and was cancelled was incorrect, because both transactions posted to my bank account, leaving me overdrawn and requiring a personal visit to the local bank branch manager to deny the transaction, and further delays in getting the Zecco balance right. Dr. Gaius Baltar fucked around with this message at 19:07 on Aug 21, 2011 |
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Aug 21, 2011 17:53
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Dr. Gaius Baltar posted:Would any of you handsome fellows know of such a broker? As a correction TDA offers a ton of mutual funds with no commission or transaction fees (NTF). Here's a sample list, though I don't know if every fund listed is NTF. The few I clicked on at random were NTF: http://research.tdameritrade.com/public/mutualfunds/fundfamilies/fundfamilies.asp?tab=ntfs You may want to contact TDA and see if they offer some type of DRIP with their funds. I know TDA offers DRIPS with regular equities, but not sure on the mutual funds.
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Aug 21, 2011 19:06
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nnnotime posted:As a correction TDA offers a ton of mutual funds with no commission or transaction fees (NTF). Here's a sample list, though I don't know if every fund listed is NTF. The few I clicked on at random were NTF: Of 9 mutual funds that I like: 6 of them TDA charges a $49.99 fee for 1 of them TDA doesn't offer at all 2 of them have no fees if held for 180+ days, otherwise $49.99 fee
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Aug 21, 2011 19:16
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Dr. Gaius Baltar posted:Of 9 mutual funds that I like: So we are supposed to guess what your 9 mutual funds are and pick the best broker for your needs?
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Aug 21, 2011 20:10
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80k posted:So we are supposed to guess what your 9 mutual funds are and pick the best broker for your needs? No, not at all. I didn't realize that specifying what mutual funds I like would be helpful, sorry for not mentioning that. BRUFX (Flexible Portfolio) YACKX (Large-Cap Core) HSCSX (US Small Cap Value) DFEPX (Emerging Markets Value - newly-created investor-class version of DFEVX, which is for millionaires and institutions only) OAKEX (International Small Cap Value) TGLMX (US Mortgage Fund) TGCFX (Intermediate Investment Grade Debt Fund) PRFIX (Corporate Debt Funds A Rated) VFIIX (GNMA Fund) PGVZX (General US Government Fund) TGEIX (Emerging Market Debt Fund)
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Aug 21, 2011 20:24
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Why Mutual funds over ETFs?
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Aug 21, 2011 20:30
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Foma posted:Why Mutual funds over ETFs? It's not that I think mutual funds are awesome to the max and ETFs are for bozos or anything, it's just that the mutual funds that I have selected outperform their ETF equivalents, to the best of my knowledge (if I'm wrong, then I would appreciate being corrected). For instance, the best equivalent I can find for DFEVX (Emerging Markets Value) is Vanguard's VWO ETF (Emerging Markets). And DFEVX consistently outperforms VWO, even when you take into consideration VWO's lower expenses. If DFEVX had an ETF equivalent that matched its performance, then I would jump on it.
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Aug 21, 2011 20:40
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Dr. Gaius Baltar posted:No, not at all. I didn't realize that specifying what mutual funds I like would be helpful, sorry for not mentioning that. I am pretty sure DFEPX is available only through advisors and some employer plans. Check Wellstrade if you qualify for free trades (need $25k or so?). They have a decent mutual fund lineup. If you are dead set on those funds, it will be impossible to find one broker to meet your needs and get transaction-free trades unless you qualify for premium services. (Flagship at Vanguard provides you with fabulous choices, at free or highly discounted rates, but you need $1M in assets to qualify). And so, the best course of action is to NOT be deadset on those funds and find alternative funds or ETF's to meet your needs. Ideally you avoid mutual funds entirely and just use ETF's in which case you can easily find a broker with free or cheap ETF trades and forget all about mutual fund availability and high transaction costs.
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Aug 21, 2011 20:49
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Dr. Gaius Baltar posted:It's not that I think mutual funds are awesome to the max and ETFs are for bozos or anything, it's just that the mutual funds that I have selected outperform their ETF equivalents, to the best of my knowledge (if I'm wrong, then I would appreciate being corrected). The entire investment world is looking for ETF equivalents of DFA funds since DFA funds are unavailable to most people (unless through an advisor or some employer or 529 plans). It is ok. You can live without DFA. Just use VWO and get access to the value premium with other asset classes (like broad international value or us small value which have many available vehicles). A portfolio can be designed many different ways.
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Aug 21, 2011 20:54
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80k posted:I am pretty sure DFEPX is available only through advisors and some employer plans. Isn't DFEPX available at Zecco? I'll have to give them a call to check. I hope they wouldn't tease people by showing it on their site and then not selling it to people. Yeah, I may have to use VWO instead. I didn't realize that it was so difficult to find a single broker that carries all of those mutual funds. I mistakenly thought that pretty much all brokers had access to the same mutual funds (with the exception of a few who might for some reason have a very limited selection). Knowing that mutual fund availability is an issue, perhaps I should re-evaluate my decision to leave Zecco, and instead learn to live with (and compensate for) their horrid fund transfer issues. I'd like to switch to ETFs, because they do have much lower expenses and commissions and they're more widely available, and everybody keeps saying that they're the hottest new thing in town since toilet paper, but at least in my case, they don't seem to be up to the level of returns that the mutual funds have been getting, and the 303rd rule of acquisition is "When in doubt, always take the road that leads to higher profits."
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Aug 22, 2011 00:35
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I went ahead and pulled the trigger on some Nvidia and AMD stock this morning. I've got $1000 split halfway between the two companies. I'm basing this decision on the prediction that both companies will have a strong 3rd and 4th quarter, Nvidia in particular. I'm thinking that this holiday season will be strong for Nvidia since people generally invest cash into new computers during the holiday season. Although I haven't heard of any impending price drops in their midrange cards, Nvidia seems to do a price cut every 4-5 months. I realize that AMD is a more of a speculative stock to invest in, however I think that their new APU technology is going to take hold primarily in the laptop market. I'm rather skeptical of how the GPU inside a CPU will fare in a desktop market, however AMD's competitiveness with Nvidia on dedicated video cards makes it a bit easier to justify this investment. Hopefully both stocks will do well this holiday and I will have a decent profit or at the worst, break even at the end of Q4.
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Aug 22, 2011 16:15
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Here is how AMD works. Buy at $6.x, sell at $8.x. Rinse, lather, repeat.
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Aug 22, 2011 19:31
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Is BAC going to exist in the next couple months?
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Aug 22, 2011 19:45
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Yes.
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Aug 22, 2011 20:04
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What do you all know/think about "low-cost index funds". What should I look for in deciding what index fund I want to invest in, besides obviously what type of stocks they are indexing in their portfolio? Which brings me to the question on what the difference between an ETF and an index fund since both track a range of stocks?
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Aug 22, 2011 21:57
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drat, gold needs to slow the gently caress down. I've been enjoying the nice steady rise since late 2009, confident in the future price increases, never fearing a bubble popping but ever since July... I'm thinking it's about time to take the money and run. >26% in under 2 months is too much.
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Aug 22, 2011 22:47
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Saint Fu posted:drat, gold needs to slow the gently caress down. I've been enjoying the nice steady rise since late 2009, confident in the future price increases, never fearing a bubble popping but ever since July... I'm thinking it's about time to take the money and run. >26% in under 2 months is too much. DGZ is under $11. I've lost my rear end so hard on that one in the last year.
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Aug 22, 2011 23:07
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Saint Fu posted:drat, gold needs to slow the gently caress down. I've been enjoying the nice steady rise since late 2009, confident in the future price increases, never fearing a bubble popping but ever since July... I'm thinking it's about time to take the money and run. >26% in under 2 months is too much. Yeah, the party was more fun when it was just us contrarians and crazy Tea Party people buying. Now it's not cool anymore. I've been steadily buying since 2005 and much prefer steady gains over a crazy run up. Checking the spot price at Kitco every 10 minutes in case there's a dramatic pull back is getting to be a drag. My current not-particularly-well-thought-out idea is that it'll start coming back down when the rebels kill Gadhafi.
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Aug 22, 2011 23:44
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ghadeed posted:What do you all think about the run up in precious metals? Is it too late to get into gold and silver or is there still room to move up? I think gold has a target, much like the NASDAQ did of 5,000. I think its gunning for $2,000/oz or so (since we all know that people love round numbers), maybe the inflation adjusted high of around $2,200. But once it hits its target its going to correct, pretty steeply perhaps (as the saying goes, excesses in one direction lead to excesses in the other). But unless there is a fundamental change in the global economy, I don't see it dropping below 1,400-1,500. In my opinion, you could probably buy in here for a quick trade, but I'd be cautious as it approaches $2,000 and the all time high. If it falls back to 1,400 an ounce or lower, it might be time to back up the dump truck unless the US and major European economies somehow get everything under control. By and large most comments I see, and talking heads on TV, think gold is over priced (they have since it was $1,000 an ounce). Until you start getting your cab driver giving you tips on great gold stocks, or you start seeing a real mania like 1999 with the tech stocks, I don't see how gold is in bubble territory yet. It has run up steeply, and will likely correct steeply at some point (like silver earlier this year). So just be careful about buying in at the moment I think.
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Aug 23, 2011 05:17
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| # ? Jun 1, 2024 16:32 |
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Don Homhoos posted:Until you start getting your cab driver giving you tips on great gold stocks...I don't see how gold is in bubble territory yet. I have some bad news for you...
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Aug 23, 2011 06:15
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