i dunno looking at it closer they have a really really bad earning's record, you think thats gonna change? they lost money in 2007 before any of this shit even went down. actually id stay away. maybe if the volume got heavy.
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i dunno looking at it closer they have a really really bad earning's record, you think thats gonna change? they lost money in 2007 before any of this shit even went down. actually id stay away. maybe if the volume got heavy.
I think you may be right... Thanks
LOL, I own a bunch of it! Once it crosses the daily average it will be hot. It is a long stock.Quote:
Originally Posted by trippingthespeculatingpos
Surprisingly, it is holding up pretty well, no guts....no glory! See, you all ready would have been making money! lol
I just looked back on what their past stock prices were and the downtrend and a week or two ago it was taking off and then the financials went further down the crapper so it fell. It will come around. I know some pretty darn good investors that really have their eye on it, but that is no reason to buy it if you are not sure. I have real confidence in it as a long.
BAC is a good long, you were smart with that one.
there not going to allow a company named "bank of AMERICA" to fail, best name for a bank you could ever want. as for abk look at their fundamentals, and look at their income for 2007, that scares me. has 2008 been a turn around? i dunno maybe you can shed some light into that.
I am cracking up (laughing).....you have a really good point, who would let a bank with a name like that fail. That would just be plain "Un-American". I know that they are asking for another 1.5 Billion, but that isn't much these days. It was only a lot 3+ months ago.Quote:
Originally Posted by trippingthespeculatingpos
I will get back to you about ABK very soon.
Ok, here is the gig. I was not worried about the financials with ABK, what I was concerned with is it passing its 10 and 50 day moving averages, which it has now done at 1.06. They are both below 1.06 today. When it hits 1.09 it will be over the 200 day MA. This will be when it makes money.
I will then ride it up a ways and then sell it for a great profit. The reason I say "long" is because I don't know how long it will take, but it possibly could be soon. The averages will be chasing the stock, instead of the stock chasing the averages. That is the reasoning for buying this stock.
So, I am watching it closely now. Did I explain that clearly...if not I will try harder, sometimes I don't make a bunch of sense.
It just hit 1.09 :) It is likely to bobble around up and down, but it will make it here eventually.
Missed my bid for BAC, and of course it popped over 30% today. Figures. =/
ok, to you technical junkies:
Was looking at a chart for BAC. When I look at a 1 year, 3 year, or 1 month chart, I show that the shareprice is not even close to the moving averages. I switch to the 5 day chart, and the share price blows past all of the moving averages. (I am looking at 20, 50, and 100 day MA)
In addition to these questions, it looks like there is a pretty significant gap that needs to be filled up to 1.19... a gap that was created, funny enough, right after the stock price topped all of the moving averages the other day. Will the gap fill tomorrow?
Also, earnings announcment was just scheduled today. Will that have a negative affect on the stock? Earnings should be shitty...
I was really pulling for you today to get that limit order. The same damn thing happens to me. I put in an order and it goes up. Either way I get screwed it seems, but I really wanted to see you land that one.Quote:
Originally Posted by Newman
I believe that earnings right now are not the significant thing. Nobody is getting earnings anywhere that amount to a hill of beans. Getting the stock prices up, especially with financials is of major importance. The earnings will eventually follow. If financials don't go up, the market won't go up.
I am going to write a little dissertation tonight on what I believe should happen tomorrow and the next weeks. I have to put it together.
Now that we have recovered back to where we were last Friday, give or take a little, if we move up then my prediction that I initially wrote at the beginning of this thread is in full force again.
Keep an open eye if you want, I am going to work on my dissertation now. It will be short, but I believe pretty darn accurate.
BTW, great to have you back again with SIRI. You have a lot of great business-side insight and I appreciate what you offer very much. As a matter of fact, I am really impressed by what you say about all the internal factors of SIRI. You have a really good business mind.
Now that the crash is over, maybe for a while, and as long as it holds, my initial prediction is in full force again. (at the beginning of this thread, if you care at all, and if not, that's o.k. also.....it is kind of like math class, if you miss the beginning then it won't make any sense 3 chapters later).
I really love to hear everybody's opinions. It makes it a lot of fun. It doesn't have to be techno, as opinions are cool too.
Here is what I think is shaking:
Let's start with the DOW - Our resistance levels are 8350 and 8500. Our support levels are 8000 and 7773.71
We closed today at approx. 8228.10
The war will now begin upwards (provided something doesn't happen by tomorrow).
Moving our way up to 8350 is going to take on the sellers. It is going to be a war. The closer that we get to 8350, the more blood on both sides until somebody wins through 8350. It could well be that it will be such a war that we could spend days to weeks in this area between 8000 and 8350, however, if we make it through 8350, it will even get bloodier and the war will be that much harder, because the sellers are going to try and take every stride from us. I think that they will win a lot of the battles, but hopefully we can hold our base and create new support levels as we make strides.
Once through the 8500 (whew! if we can pull it off) then it will be a bullish market again. At least I will be bullish at 8500. Now (this is getting more far fetched for now)If we can pull through the 10 day and 50 day MA's (approx. 8700) then everything is rocking. But for now, we need to work on the 8350 and the much harder 8500.
Now to the NAS -
The NAS resistance levels are: 1539 1600 and 1665
The support levels are: 1500 1456 1444 and 1400
The NAS closed today at: 1507.7
Our next resistance level is 1539. It is much the same story as the DOW in terms of having to fight.
We will have to fight our way through 1539 and then really fight to get through 1600...that is the bloodbath point for the NAS now.
I am bullish on the NAS above 1500. Hopefully we will hold.
We could be between 1500 and 1600 for days to weeks while everything in consolidation gets worked out.
The DOW and the NAS have many fights coming on, so if we stay above our support levels, then we will have a very choppy chart for quite a while.
The Obama Prediction Performance scorecard:
Day 1: CRAP 1/20/09
Day 2: GOOD 1/21/09
Day 3: CRAP 1/22/09
The performance so far: CRAP 2 to 1
Any predictions on Day 4?
Today I have no prediction.....the market is like playing horseshoes with hand grenades.
It is time to kick back and see what will shake out.
If it goes up, then yesterdays prediction is in force. We could be caught in a sideways drift that is starting, so sidelines is the call for me. If it is sideways it could last for days to a couple of weeks. You can check the relevant numbers in yesterdays prediction.
Right now, day trading is probably the only way to make money and it is tenuous at best. Quite frankly, today was too confusing for me personally to make sense of. The movement was going both directions and volatile as can be. It could stay this way for a while. Next week might make more sense, but tomorrow (Friday) will be interesting to watch.
Bill
i think we're in a sideways bottom, good news but boring as hell.
I believe that you could be right about near to the bottom, but sideways is the gig. Ya, boring as crapola, Tripps.
Did you get my email about that stock we were talking about? It is not good right now. I left a post in the Daily Market Watch.
This my last post in this thread, as the rally just didn't happen for whatever reason. I am going to do my guesswork in "Daily Market Watch". Last one out please shut off the lights......click!