Hi, Todays day trades for me are HAYZ and CNR. Bought HAYZ a bit too soon but hit CNR at right time. Target for CNR is .101 Target for HAYZ is .28
I really like TDA "motion detector"
and that they charge a flat 9.99 without that extra "per share" or "large order" charges ING robs you with.
Only minus is having to wait 3 days for sales before you can use money again
Last edited by mogami; 03-26-2009 at 11:11 AM.
Though we still lead the league in shorts, good to see a chunk of them going away.
COMPANY MARCH 13 FEB 27 NET CHANGE PCT CHANGE
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FIVE BIGGEST INCREASES:
Microsoft Corp (MSFT.O) 101,353,574 87,013,470 14,340,104 16.5
Dell Inc (DELL.O) 44,490,067 31,697,021 12,793,046 40.4
Applied Materials (AMAT.O) 50,578,707 38,104,198 12,474,509 32.7
Cisco Systems (CSCO.O) 68,721,739 56,530,581 12,191,158 21.6
The DIRECTV Group (DTV.O) 30,803,332 22,141,332 8,662,000 39.1
FIVE BIGGEST DECREASES:
Sirius XM Radio (SIRI.O) 161,851,340 170,953,171 -9,101,831 -5.3American Capital (ACAS.O) 28,408,343 35,598,504 -7,190,161 -20.2
Huntington (HBAN.O) 44,474,228 50,387,202 -5,912,974 -11.7
Sun Microsystems (JAVA.O) 38,197,279 43,897,876 -5,700,597 -13.0
The Wet Seal (WTSLA.O) 7,096,637 11,779,621 -4,682,984 -39.8
FIVE BIGGEST POSITIONS:
Sirius XM Radio (SIRI.O) 161,851,340 170,953,171 -9,101,831 -5.3
Level 3 Comm (LVLT.O) 143,078,217 142,304,490 773,727 0.5
Microsoft Corp (MSFT.O) 101,353,574 87,013,470 14,340,104 16.5
Intel Corp (INTC.O) 98,819,666 93,832,785 4,986,881 5.3
E*TRADE Financial (ETFC.O) 72,711,601 73,758,916 -1,047,315 -1.4
http://www.reuters.com/article/marke...0090324?rpc=44
But that is the problem. It's all about moving a line up and down the FICO scale. Back in the day of EZ money, the line moved down the scale where even marginal borrowers with scores below 600 were getting reasonable or semi-reasonable interest rates. That brought huge numbers of buyers into the market. This is the same as what happened with housing. Once credit freeze happened (because of high defaults on mortgages as the ARMs adjusted upward), less money was available, and bank appetite for risk waned. This moved the line up the FICO scale, so now the marginal guys were facing double digit interest rates, squeezing them out of the market because they can't afford the high payments and high downpayments required by the banks. Fewer buyers, fewer cars sold. Detroit screwed.
This will start to reverse itself, to a point. Won't see EZ money for a while, perhaps a decade or more. But, economy can still grow and boom can and will happen again.
There are a lot of issues and the Banks hoarding is one of them. A guy on Bloomberg the other day said that 98% of loans on the books are current. So how many loans are actually toxic? Will relaxation of Mark-to-Market regs ease the situation? Are banks hoarding cash in case they need to make large markdowns?
Is this the same scenario as with the S&C crisis where the lending rules swung hard the other way for a few years? A caller on a sirius show claimed to have a credit score of 804 and BMW turned him down for a loan and required a minimum of 810. This may be B/S but depending on the bank, may be true. I don't know because I haven't borrowed money since 1987 and have no need to now. I own my house and pay cash for cars. I could afford bigger and better but it feels good to be debt-free.
IMO...todays PPS is a real teaser...looks like sideways with maybe a .005 gain today and close at .3650 unless something shakes it out this afternoon and we close at my prediction .37...better a penny a day up than down.
Bananas.................... come on man.............. where is that.... I WANT, I AM ENTITLED, THE RICH ARE KEEPING ME DOWN MENTALITy that most American's have come to love and embrace. You're just not fittin in !!!!!!!!!!!! ...killer.