Big-Name Stocks Cheaper Than During 2008-09 Crisis

[Denny]

I'm glad the world is ending again today, I was beginning to think I wasn't going to be able to buy anything for a good price!

Honestly I thought the fact that we didn't lose jobs in August, with the credit downgrade and the debt ceiling bullshit, was a miracle!

That dude I showed you from youtube went balls-out shorting gold. LMFAO!!!

Anyway, I looked at the jobs report as a little more than a miracle, if you know what I mean.

Well, we made it to buying season for PMs with both metals looking good for a base start.

[Broncojohnny]

That dude I showed you from youtube went balls-out shorting gold. LMFAO!!!

Anyway, I looked at the jobs report as a little more than a miracle, if you know what I mean.

Well, we made it to buying season for PMs with both metals looking good for a base start.

True, if you are going to make a case that a jobs report was served up hot and steamy this is probably the one. I bet it gets revised downwards next month but it comes along with a positive September report to lessen the blow. It makes sense that they'd do something like that to keep it out of the negative for a month.

[Denny]

Well, anything worse than even, plus this whole mass-banking lawsuit news would have made for an interesting day for the fair-weather traders.

[Denny]

http://www.bloomberg.com/markets/stocks/futures/

Any good pics for the week? LOL

[03mustangdude]

that song burn baby burn comes to mind.

[Broncojohnny]

Just another day where the world is going to end and people are allowed to short everything into oblivion.

[Cannonball996]

I'm a big believer in screening, not every stock will fit your particular style of trading. for example I do not hold positions over night, I prefer a stock that I can trade over just a few pennies.

as far as long term picks, I think apple is a good buy at $367, they always beat estimates and I can see them ending the year at over $400. or if you are looking for a good dividend paying stock, Bristol Myers Squibb (BMY)

[347Mike]

I bought IR at $28.44 and just sold at $32. I am going to try something and hope it pays off. I think the market is going to shit this week especially when Obama gets on stage and talks about his numbers.

I am hoping (notice I said hoping) that IR will drop back down below $30 during this time and I will buy TYP in the time being. TYP has been averaging 15% gains in a week when the rest of the market is shitting. I will monitor it today and go on gut feeling by cob... If all goes well ill be depositing a bunch more money and sit on IR for the climb up.

If all else fails I will just buy back into IR at the price I just sold at.

[SMEGMA STENCH]

Timing the bottom or the top is tough. The first thing you have to do is realize that you aren't going to hit the mark in 90% of attempts. What a lot of people, including myself, do is wait until the shares you want hit a certain price and then spend a predetermined amount of your warchest, say 20 to 25% buying shares. Then wait and see if the shares go down further and invest another 20-25%. Rarely will you ever be able to allocate your entire warchest like this because the stock will probably rebound before you do. If you do spend it all then you can say without a doubt that you bought too early. I can't stress enough that you have to make sure and understand what you are buying and at what price you think it is a good buy. You probably shouldn't be buying things just because someone says so, not with any real amount of money anyway. It is good that you are only using small amounts to learn.

IR at $30.25 is a perfectly reasonable buy to me. I like it because book value is close to $25, return on equity is typically 10% or more in a given year and the stock makes wild swings because it is an industrial. The latest sell off was just because of bad timing, they missed earnings estimates by 10%. Not a big deal, they do it every once in a while. But they happened to miss them right when we had a crisis of confidence and during a sell off of their industry. That equals a big sell off. They lost around 43% of their market cap, that is ridiculous by any measure.

Hmm... do you happen to know if any of these trading sites take paypal? I have a $5000 line of credit with paypal's Bill Me Later service, so I could just play with their money instead of my own.

[347Mike]

Hmm... do you happen to know if any of these trading sites take paypal? I have a $5000 line of credit with paypal's Bill Me Later service, so I could just play with their money instead of my own.

I wouldn't recommend trading money that isn't yours, and by yours I mean cash, available in your account.

[slow06]

I bought IR at $28.44 and just sold at $32. I am going to try something and hope it pays off. I think the market is going to shit this week especially when Obama gets on stage and talks about his numbers.

I am hoping (notice I said hoping) that IR will drop back down below $30 during this time and I will buy TYP in the time being. TYP has been averaging 15% gains in a week when the rest of the market is shitting. I will monitor it today and go on gut feeling by cob... If all goes well ill be depositing a bunch more money and sit on IR for the climb up.

If all else fails I will just buy back into IR at the price I just sold at.

So, did you pull the trigger on TYP yesterday?

[Broncojohnny]

Hmm... do you happen to know if any of these trading sites take paypal? I have a $5000 line of credit with paypal's Bill Me Later service, so I could just play with their money instead of my own.

That is a good way to lose a bunch of money that you don't have.

[347Mike]

So, did you pull the trigger on TYP yesterday?

lmao, no. I am kicking myself in the butt at this current moment but I still have a feeling when Obama gets up on stage tomorrow the numbers will fall. There will be another entry point with IR and I will grab it.

IR is up 5% so far today.

I think I have stock ADD or something.

[Broncojohnny]

UBS upgraded IR yesterday morning. I expect others to follow in a herd mentality like they always do. If we get a recession they will go right back under $30 though. Needless to say, I am liking my $27.50 entry.

You don't have ADD, you just need to get rid of the idea that holding something for a few days is the way to get rich. It isn't.

[347Mike]

UBS upgraded IR yesterday morning. I expect others to follow in a herd mentality like they always do. If we get a recession they will go right back under $30 though. Needless to say, I am liking my $27.50 entry.

You don't have ADD, you just need to get rid of the idea that holding something for a few days is the way to get rich. It isn't.

Yeah, I am slowly getting out of that fear..

I thought you got in at $28.66?