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I'm getting shit on today.

quote:

Originally posted by rabbitjoker I'm getting shit on today.

well, if you guys shorted the market like i said....

hehe kidding. We are all taking a beating im sure. one big happy family.

HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!
HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!


best 3 days of my life lol

time to invert and go long. HOU. Might short Gold too.

quote:

Originally posted by Nrg2Nfinit well, if you guys shorted the market like i said.... hehe kidding. We are all taking a beating im sure. one big happy family.

"one big happy family?"

i guess that makes me the distant cousin.

quote:

Originally posted by slingshot one thing I need to do better as an investor is have the balls to actually sell off 50+% of my positions when I should be selling them, and buying them on market dips. learning how to master that timing however is no easy task.

I doubt that it's possible to have perfect timing. That's why people hedge.

Me, I sold at exactly the right time, to the day... but started re-entering positions way too early. Both the TSX and Dow are perilously close to 6-month lows; if they break support, it might very well be the beginning of a longer-term downtrend (ugh).

quote:

Originally posted by DigiNut I doubt that it's possible to have perfect timing... Me, I sold at exactly the right time...

*scratches head*

Only in TO for the DEMF thread but saw this. I've been making back losses hand over fist this week. I'm 100% short and have been for months (which has me almost even now). If you couldn't see a big correction coming soon after the 14 month rise from 666 to what was the high, 1200+, in the S&P, you're in fantasy land.

We've been long overdue for a correction and the Europe situation + China trying to slow it's bubble-like growth are just speeding the decline. This is not all Europe and I'm surprised people are ignoring China as much as they have been. The miners, mining equipment cos., dry bulk ships, etc. have been absolutely slaughtered in this sell-off. Look at a BUCY, DRYS, or JOYG chart for the past month. Most of them sold off far more than the banks today.

Everyone in this thread has the magical crystal ball...especially the folks playing volatility. Who really here owns (or has access to) a Bloomberg or Reuters terminal?

quote:

Originally posted by Skipper lol what do you own?! small caps?

growth, growth, growth, predominantly small caps with a few mid/large cap high beta names. some stuff has had a great run-up lately so it makes a lot of sense for people to be taking profits right now and thus contributing to the downside movement.

I personally don't see this is an extended lag in the markets, I think a lot of your big money guys are taking profits right now, and it's been very widely publicized/reported that a lot of people (mostly retail money and some less than stellar big money managers) missed the boat on most of the upside movement of the markets this past year. I don't see any reason not to think that this is the entry opportunity that a lot of this money has been waiting to see. Especially given that most of these problems are fiscal in nature. given the institutions that we've developed, such as the imf, world bank, etc etc it doesn't make much sense to me that we'd ever allow sovereign debt to collapse our financial system....not anytime soon at least...we would have to see a default which would trigger a chain reaction, which is still entirely possible, although unlikely I think.

I did some buying today, which I'll continue to do in increments as this market moves down/levels out. From a valuation perspective, there are some things that are becoming quite attractive right now.

one thing I've noticed in markets like this, and this is my first experience dealing with this sort of phenomenon, is that it's interesting to see how margin calls affect price movements in really low volume small cap names. I own a company that's traded OTC and I've seen it happen a couple of times, as soon as the price hits a certain level, the margin call is triggered and a huge sell order is executed, and this usually knocks the price down in excess of 20%. If you're on top of this, it presents a great buying opportunity as these people, or so I've noticed at least with this particular equity, eventually move their way back into the position.

kind of ties into what I said earlier about timing. nobody can time perfectly, but what makes someone a professional investor, to a degree, fund managers in particular, is their ability to move in and out of their holdings and take in incremental profits. I guess it's something that just comes with experience, and living, breathing, eating, and sleeping in the market every day of your life.

quote:

Originally posted by LiveTime HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD! HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD!HOD! best 3 days of my life lol time to invert and go long. HOU. Might short Gold too.

i would hold out on hou until some sort of bottom forms. July contract tomorrow morning, next weeks report should be a draw. Its all about europe now.

quote:

Originally posted by Nrg2Nfinit i would hold out on hou until some sort of bottom forms. July contract tomorrow morning, next weeks report should be a draw. Its all about europe now.

now?? it's been about europe for a while now. i'm going to wait a few days until the price of oil stabilizes around 70 then buy hou. i will likely short a bit of gold and add to it little by little. i'm mostly technically driven, with the most emphasis on rsi and momentum swings, so gold seems like the next big swing downward for the next week or two.

The TSX doing quite well compared to the exchanges in the US.

quote:

Originally posted by LiveTime now?? it's been about europe for a while now. i'm going to wait a few days until the price of oil stabilizes around 70 then buy hou. i will likely short a bit of gold and add to it little by little. i'm mostly technically driven, with the most emphasis on rsi and momentum swings, so gold seems like the next big swing downward for the next week or two.

good luck.. im waiting for it to settle a bit. buy before wednesday if we stay above 70 come open tomorrow. Wednesday report should give us a nice boost. I would make a good gamble and say draw for last weeks inventory.

Check out the hang seng. Sea of red in asia and a 400 point drop. Inverse index tomorrow. I'm calling it again.

quote:

Originally posted by jester The TSX doing quite well compared to the exchanges in the US.

yes. thats because it was closed today and the american indexes flopped

quote:

Originally posted by Nrg2Nfinit yes. thats because it was closed today and the american indexes flopped

I had a feeling thats why... not sure why google finance didn't just reset everything to 0.

quote:

Originally posted by jester I had a feeling thats why... not sure why google finance didn't just reset everything to 0.

they won't do that til market open day.

this is going to be a very very shitty day i think. oil is already 2 dollars down pre open.
jesus.

quote:

Originally posted by Nrg2Nfinit they won't do that til market open day. this is going to be a very very shitty day i think. oil is already 2 dollars down pre open. jesus.

Tuesday always shitty, its nothing new lol

The stock market rigged... but at least you have better odds with the stock market than going to a casino

Holy fuck, 200 points down at the open

quote:

Originally posted by Skipper Holy fuck, 200 points down at the open

why are you so shocked 600 points down on the hang seng, this is the least you should expect. At least there is some slight recovery today though. I expect us to close below 200 though.

quote:

Originally posted by Nrg2Nfinit why are you so shocked 600 points down on the hang seng, this is the least you should expect. At least there is some slight recovery today though. I expect us to close below 200 though.

lol, see, market behavior is unpredictable...we're now down only 40 pts.

Good day for golds again. I sold the rest of my ANV and bought some BTO. Still have some cash on the sidelines but am not sure where to put it.

quote:

Originally posted by Skipper lol, see, market behavior is unpredictable...we're now down only 40 pts. Good day for golds again. I sold the rest of my ANV and bought some BTO. Still have some cash on the sidelines but am not sure where to put it.

fantastic. When im wrong i lose less money hah. Well we did hit a bit of that asian brunt. Im praying for oil to for a bottom soon lol.

Something to watch.... SNA.v

Been watching this stock for about 8 months worth checking out. its volatile but the technology is stellar.

Star Navigation systems. SNA.V or SNA on the TSX venture.

Long story short its a company that makes a black box that does real time data. no need to search for the box after a crash its all live data prior to an accident along with the logging of pilot trends, fuel consumption trends, maintenance trends based on usage and abuse by pilots etc etc.

They are partnered with EADS Astrium. Eads is the parent company of AirBus and Astrium is the aero space side of the business. Anyway I love the technology and this is very promising, bought in at about 12 cents still holding.

Re: Something to watch.... SNA.v

quote:

Originally posted by moneyman Been watching this stock for about 8 months worth checking out. its volatile but the technology is stellar. Star Navigation systems. SNA.V or SNA on the TSX venture. Long story short its a company that makes a black box that does real time data. no need to search for the box after a crash its all live data prior to an accident along with the logging of pilot trends, fuel consumption trends, maintenance trends based on usage and abuse by pilots etc etc. They are partnered with EADS Astrium. Eads is the parent company of AirBus and Astrium is the aero space side of the business. Anyway I love the technology and this is very promising, bought in at about 12 cents still holding.

AMA is the better prospect out of those two. I wouldn't be surprised if AMA buys SNA.

both companies have limited cash flow. And AMA is already in a pending Patent infringement battle with SNA, of which SNA has backed off on due to the fact that AMA would not be able to settle financially should SNA win.

If you check out the patent registration dates SNA patented the technology YEARS before AMA.

just my 2 cents.

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