are u guys seeing the ask move? from .4193 to .3999?
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are u guys seeing the ask move? from .4193 to .3999?
i wasnt paying attention to the ask but its at .40 on scottrade now at 4:09
close at .41......after hours down .01
BUy and hold camp got smashed again, man you winners must love the pain. I forgot nobody lost anything on these theads because you never sold and will never sell. Hey when Mel rides in on a unicorn with a sweet dividend call me!
I love rassin the buy and hold crowd.
Fair point...but....let's say some of us are long....aren't trading for the quick buck, but see more value later...and....won't jump off the Brooklyn Bridge or cry in our beer if we lose every penny of that? Exactly....not everyone has your strategy. It this 'pig' as you call it, sprouts some wings, hey, we longs actually make HUGE money. Long shot....yup. but so what? That's why I'm in this stock in the first place! It's a f'n penny stock......speculative....no way around that fact. So, I'm willing to gamble it all to see if S-XM is the wave of the future for mobile entertainment for cars based on licensed content. Wrong...I lose. Right....I win...BIG! It's a risk I'm willing to take.Quote:
Originally Posted by Big Ben
I see the talk of the day in here is centered around manipulation. Manipulation is only part of the equation. The market as a whole, really depends on what the voters in this Country do in the 2010 midterm elections and in 2012's next Presidential election. Plain and simple, if the current regime in Congress stays in place past 2010, and if in 2012 the White House was to stay the same...it could be a VERY LONG time before the market ever gets within sniffing range of a 14000 DOW.
Not far down the pike, we'll all be paying a lot more for goods and services due to the idiots in DC CLAIMING they will only be taxing the rich down the road. EVERYBODY's taxes will be going up unless the current crop of idiots who are orchestrating the utter insanity in DC, are voted out starting in 2010. No longer can we say money doesn't grow on trees. Well, actually, that's still a true statement. Instead, our Government just prints money out of thin air...to the tune of $1.2 trillion dollars. Add that to all the insane overspending in DC we're all witnessing, and eventually SOMEBODY is going to have to pay that money back via a tax code which will truly take this Country into Tax Hell.
Where's the lawmaker who understands the immense corruption and manipulation of our markets? Well, he or she is not in DC as I type. Change needs to start at the nomination level. If we are ever to have hope of REAL CHANGE, then we need to find folks who think as we do. Were's the person who understands we need to have a real sherrif in charge of the SEC? Someone who's willing to make drastic changes and actually go after the criminal manipulation in our markets.
The current folks in charge allow us to bet on "failure" in our markets. What if we actually were to take "shorting" out of the eqaution? Common sense says doing so would help pave the way for success in the businesses which employ so many of us. Instead of allowing manipulators who's only intent is on profiting from failure of the very businesses which are responsible for employing American workers.
Bottom line, there are many common sense answers to the problems we see in our economy, and in our markets. Problem is we keep electing the same types of idiots to office. I'm for FINDING candidates who sincerely campaign on removing corruption from our markets and from our govt.
Shorting serves a purpose and isn't the problem. Naked shorting is a problem, and is illegal, and is not properly enforced. Agree there. But, someone borrowing shares and selling them, anticipating the stock will drop so they can buy them back cheaply and return them....what's the problem? The shares are sold and delivered. Shares are bought and delivered. I don't see that as a problem in the market. Failing to deliver....that's another story, and does agree with your point about poor enforcement.Quote:
Originally Posted by Doctor_G
Politicans are not how you get out of this mess. You need non politicians. Ron Paul(ironically not mainstream politician), Ralph Nader, or Ross Perot. When these real true americans try to rise up and help take back control of our country FROM the politicians, we just vote for whoever were told to vote for. We have two evils. One from each party. Choose your path to destruction. Do you want the social/communist agenda (obama), or do you want the purer form of evil, McCain, who will neocon agenda us into irrelevancy.Quote:
Originally Posted by Doctor_G
Good luck finding a guy willing to risk his family, his position, and all his money to go against odds he knows he has no chance of winning.(2 party oligarchy we currently serve under) When you find this "person", call me. Ill knight him a saint.
Here's a link of a new article. Not sure if it's completely positive, cause it's long and haven't gotten thru it all yet since you have to click page by page so you get to see all the f'n ads:
http://www.investorplace.com/experts...iri-part3.html
Hi, I think one difference between myself and others is I do not look for the "Big Score". I know all stocks go up and down and the idea is to buy on the down and sell on the up. Because I look to make at least 100.00 per trade my sell point is 100/# of shares. Cheap (penny if you must however I do not consider SIRI a penny stock) stocks are better for me because I can buy more shares and thus lower the required increase in SP I prefer buying at least 10k shares because then I only need SP to increase .012 to make my 100.00 (plus the commissions) My ideal stocks are listed on major exchange (don't like OTC or pinks because your not guaranteed a buyer when you look to sell) Priced .10 or lower (so I don't have to risk alot of money) Companies that are not already BK or announced BK. I read all the news daily (I have a long list) Of course all the stocks that met this criteria 6 weeks ago have advanced to .30 or higher now. (The ones that have not might still move enough to pay attention to)
And I will go up in SP when I feel certain the SP is going to increase in day or two. (like FNM) The higher price means fewer shares and a larger increase per share needed. Mostly I look at stocks that have declined in the recent past. (I never try to jump on once the price has went up more then 5%) After people have taken their profit I try to get in for the next run.
So I like the ups and downs.
It is my personal belief that the market is not Buy and Hold currently but rewards traders who have the time required to study. And then I really don't play with stocks that in a buy and hold environment would not be worthwhile investments. It's simply that the yield is too far in the future and when it does become worthwhile the price will be near where it is currently but a lot of opportunity would have been missed.
Honestly if I told you tomorrow SIRI would open at .50 and reach .60 at 1300 before falling back to .40 at 1500 you would not sell at 1300 and re-buy at 1500? Because of a tax? Because of a wash? The tax will be on a profit you would never have realized. The wash will move to the shares bought at .40 (only you could increase number without introducing new funds)
Well as a day trader you may not know in advance the times or amounts but if you do your homework (what we all know as DD) you will know enough to be correct 70% of the time. If you set goals and stick to them you may sell before a stock has peaked but you'll make money. (I forget all about a stock once I sell until it again meets my criteria)
I believe 90% of what SP does every day is simply other traders buying cause they think price will go up or selling to take profit or avoid further loss. I don't think what the actual company is doing counts all that much in the short term. I currently trade in the short term.
In essence I try to predict where the other buyers will be soon and then get there far enough in advance to be a seller and not a buyer.