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So my alert for FNMA @ $3 just went off when it was trading at $3.88 and someone made an expensive typo of 18,000 @ $2.88.
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May 28, 2013 19:11
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Good lord the REITs, especially ARR. So drat glad I got out of them a few months back.
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May 28, 2013 19:19
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Acquilae posted:So my alert for FNMA @ $3 just went off when it was trading at $3.88 and someone made an expensive typo of 18,000 @ $2.88. Ouch. There goes that guy's bonus. If you had an order in at $3 you could have made a cool 28% between ticks. Efficient markets, folks. MrBigglesworth posted:Good lord the REITs, especially ARR. So drat glad I got out of them a few months back. Don't say the word "REIT" to me... 
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May 28, 2013 19:19
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Is this a good opportunity to buy REIT names? AGNC is 20% yield right now.
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May 28, 2013 19:23
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ghadeed posted:Is this a good opportunity to buy REIT names? AGNC is 20% yield right now.
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May 28, 2013 19:41
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Assuming the dividend won't be cut, which is a major concern, especially for agnc. e: I'm not really sure what to make of today, but we gapped and crapped which is not really a strong/good sign. Turkeybone fucked around with this message at 19:56 on May 28, 2013 |
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May 28, 2013 19:47
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Glad I got out of ARR. Not so glad I got into AGNC. 
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May 28, 2013 20:13
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Turkeybone posted:Also, the demand for TSLA is nuts. I think if/when TSLA breaks 95, it'll really fly even more.  
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May 28, 2013 20:32
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Shear Modulus posted:Ouch. There goes that guy's bonus. If you had an order in at $3 you could have made a cool 28% between ticks. Efficient markets, folks. It was a deleted erroneous trade, there were actually quite a few deleted trades on FNMA today. Prints outside of the market by 10% in a tick are usually broken, and it's more or less impossible to trade through the NBBO like that. If you ever see something print way out of the money, it's usually a) broken or b) an out of sequence trade reporting late.
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May 28, 2013 22:17
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drat, good call. Every time I've looked at TSLA I tell myself there's no way it can go higher. Then it does, and I drink to forget my mistakes.
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May 29, 2013 04:57
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Haha, yeah I definitely got lucky with the speed that which it worked out, but I'm happy that my previous thesis was correct (or at least, that TSLA went up anyway). e: And I sold right on time at 110.7x this morning too. At least I got one thing right
Turkeybone fucked around with this message at 15:24 on May 29, 2013 |
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May 29, 2013 05:43
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Watching FNMA's and FMCC's movements recently has made me feel like this: https://www.youtube.com/watch?v=_8dKbEzKuh8
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May 30, 2013 00:15
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Acquilae posted:With the way they've been getting hammered all month it's hard to find the bottom unless you're just looking for a quick trade on a jump. When they finally fell under 28 I jumped onto some June 22 calls. This morning they were under 25.50. I hope their pattern of decent recovery continues within the month. And goddammit I've managed to predict the right points to buy and sell XONE so well this month and there's no option chain for them! 
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May 30, 2013 01:24
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Pssst hey Goldman has a secret options tip for you: http://blogs.barrons.com/techtraderdaily/2013/05/30/apple-buy-june-450-calls-to-capture-wwdc-bounce-says-goldman/ Isn't it nice of them to share this so we can all make free money?
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May 30, 2013 16:41
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Goddamn it, GME, you are dead. Stay down!
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May 30, 2013 18:03
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sometimes I feel so, so dumb. I did tons of research on EXPR when they were getting a lot of media about failing and needing to turn around last fall. They were at around 11, and I had just convinced myself to buy when they went up like $.50. I was like 'yeah, I'll just wait, they'll come back down' - and then they dropped below 11. At that point I was like 'well gently caress it maybe this hasn't bottomed out and decided to wait them out. NOW LOOK AT THEM seriously this also happened with a local biomedical stock I was watching around $2 - same EXACT thing happened, and then they shot up to 15 and got bought out by pfizer or some poo poo. hulk smash
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May 30, 2013 18:17
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lesson learned : if you do your fundamental analysis, and think a stock is worth buying, don't then try to time the market for a few extra percentage points you loving IDIOT
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May 30, 2013 18:18
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Doubling down on GME June puts goddamn it. They're Ex-div tomorrow. I can't understand why there was a 5% run up on a 1% dividend.
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May 30, 2013 20:57
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I bought some june fio calls yesterday 
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May 30, 2013 22:56
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When you guys are looking for stocks to buy, what do you typically consider as the minimum potential % upside you need before pulling the trigger? I should probably also ask the planned holding period since that has a big impact as well.
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May 31, 2013 01:27
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Dogo posted:When you guys are looking for stocks to buy, what do you typically consider as the minimum potential % upside you need before pulling the trigger? I should probably also ask the planned holding period since that has a big impact as well. This is mostly the trading thread, I look for .3-1% movements in either direction in order to make money. I only day trade tech stocks. e: To be clear, I wait for the daily range to play out and scalp movements between supports and resistances that I define using magic and TA. I plan to exit trades with as low as a .3% movement- and generally set limits at approximately 1% upwards movement (potentially staggering 1/3 or 1/2 of my position to sell at various points). It's all about scalping small movements for me. Shmoogy fucked around with this message at 04:57 on May 31, 2013 |
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May 31, 2013 01:32
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http://m.usatoday.com/article/news/2374955 Suck it, everyone but us.  e: Ugh, sorry for mobile link Turkeybone fucked around with this message at 19:25 on May 31, 2013 |
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May 31, 2013 11:12
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NFLX is joining the NASDAQ-100 on June 6th. PRGO is being kicked out for it.
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May 31, 2013 11:56
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Turkeybone posted:http://m.usatoday.com/article/news/2374955 The depression in europe continues unabated...
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May 31, 2013 14:24
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Turkeybone posted:http://m.usatoday.com/article/news/2374955 Keep this quote around, we'll see what you say when the DOW is around 12,000
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May 31, 2013 14:28
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livingfruitvirus posted:NFLX is joining the NASDAQ-100 on June 6th. PRGO is being kicked out for it. Well look at me now. I finally decided that with May behind us I might as well put on some longs, COB yesterday I moved a bunch of cash into NFLX and NOV.
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May 31, 2013 15:41
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COUNTIN THE BILLIES posted:The depression in europe continues unabated... I wonder if they'll ever stop with the austerity, or if they're literally going to destroy Europe via a self-inflicted ideological wound.  I wish I could buy shares in Paul Krugman's reputation. Moneychat: I'm so glad I closed my gold position when I did. Saved myself $2,500 and a lot of heartburn.
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May 31, 2013 15:43
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What the poo poo is going on with GME? Their numbers are poo poo. Their business model is vanishing like a fart in the wind. WHY U GO UP?
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May 31, 2013 16:17
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It already dropped like 30% recently. Youre late.
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May 31, 2013 16:41
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Fine-able Offense posted:I wonder if they'll ever stop with the austerity, or if they're literally going to destroy Europe via a self-inflicted ideological wound. They have thrown in the towel with austerity. I read an article last night that said the EU is quietly letting countries out of their austerity agreements. The damage is already done. You have 25+% unemployment in Spain and Greece which will destroy those economies. Youth unemployment is around 50% indicating a lost generation. I don't think Europe can come back.
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May 31, 2013 17:38
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pr0k posted:What the poo poo is going on with GME? Their numbers are poo poo. Their business model is vanishing like a fart in the wind. WHY U GO UP? I've been in and out of GME a bunch in the last week so I've been watching it pretty closely - after it's precipitous drop at the Xbox announcement, it was hit with a few Price Target increases so there's a bit of buying pressure.
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May 31, 2013 18:35
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evilwaldo posted:I don't think Europe can come back. So.. what does that entail?
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May 31, 2013 19:26
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Turkeybone posted:So.. what does that entail? Low export growth worldwide, especially paired with the inevitable Chinese... slowdown-plosion-pocalypse-whatever. I'd shy away from commodities, manufacturing, that sort of thing, though if the U.S. economy keeps crawling back from the brink, you might mitigate that somewhat (especially for domestically-aimed products).
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May 31, 2013 19:29
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Probably a breakup somewhere down the line. When you have unemployment numbers like we are seeing in Greece and Spain, especially with youth unemployment, there is the risk of a lost generation. If 20 somethings are not able to get jobs after college what does that tell the teens? Why should they go? Then you begin a major brain drain and risk losing the brightest who will be leaving for jobs outside the country. I have been playing with a theory that Europe is being held together until Merkel gets elected in September in Germany. The last thing the EU wants is her election to become a referendum on the Euro and EU. After that, Greece takes over the rotating EU presidency for the first six months of 2014 and after that it all breaks down. As for the US, I am not sure we can climb out. It is like being the best house on the worst block. Industrial Production and Durable Goods have begun to stumble and we are not seeing enough employment growth to accept new entrants into the workforce. Bernanke is stuffing $85 billion per month into the markets to keep everything afloat and I think he realizes that there is an end game approaching. Rumors are being floated that he will leave the Fed next year and Janet Yellen will take his place. If that happens watch out because the markets do not have a lot of confidence in her. This is why I keep talking about risk management so much. I am seeing a massive stampede for yield when I talk to people in the trading pits. Everyone is rushing to buy for cash flow at metrics that are just crazy. A lot of deals are being dusted off that were laughed at by the markets two years ago because there is so much liquidity in the system. People are paying crazy prices for real estate these days.
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May 31, 2013 19:53
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The EU blew everything on austerity. Now it will be a matter of time before those member states with the highest unemployment abandon the eurodollar. Their only option at this point is to go back to their old currency. Germany wants to hold it all together but unemployment continues to rise and there have been too many failed attempts at government. The people are going to start calling for a change and a change in leadership isn't going to be enough. I don't think a break-up in the EU itself is imminent at the moment. It will be countries re-introducing their old currencies first. If that doesn't work and conditions don't improve you'll see the people in the more successful member states start getting antsy about all the foreigners moving from poor states in to their borders and taking their jobs. If that goes too far the eurozone will fall apart due to infighting. So currency changes in the next few years and possible EU major issues within the decade. cowofwar fucked around with this message at 20:28 on May 31, 2013 |
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May 31, 2013 20:24
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Yeah the markets seem to be playing on "No News is Good News" type of deal right now. Remember how volatile the markets were when Greece and Spain were on the headlines every day? Not to say they aren't an issue, however. The company I work for reported weak earnings during those times because the Euro was so heavily impacted (and we do a quarter of our earnings in Europe). Can you imagine how US companies would be impacted if the Euro were to really take a poo poo? I mean, like more than it already has?
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May 31, 2013 20:53
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There are a lot of old currency traders that are still mad over the Euro. Overnight their books completely disappeared. Guys that used to manage portions of corporate books for the larger European conglomerates saw their entire line wiped out overnight when the Euro came into effect. Even if you were a top trader all of your business got wiped out. To this day they still hold a grudge over the formation of the currency.
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May 31, 2013 21:23
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evilwaldo posted:There are a lot of old currency traders that are still mad over the Euro. Overnight their books completely disappeared. The euro wasn't a shocking and instantly implemented overnight announcement... Despoiler fucked around with this message at 23:27 on May 31, 2013 |
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May 31, 2013 23:23
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What Europe really needs is a big war to reset everything.
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Jun 1, 2013 17:11
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jayd42 posted:What Europe really needs is a big war to reset everything. In order to sustain market growth we saw expansion in to developing nations. That's why development of the consuming middle class in these countries is so important. Growth is stagnant in the first world. Once that growth tapers off we're going to have to change our system, have some wars or expand to other planets or something. cowofwar fucked around with this message at 17:35 on Jun 1, 2013 |
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Jun 1, 2013 17:31
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