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TranceAddict Investors Club @ Marketocracy (pg. 71)
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| Krypton |
| Authoritarianism at work. |
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| Shakka |
| quote: | Originally posted by occrider
Wow a lot can happen when you´re a way for two weeks. I´m totally buying fannie and freddie shares. I´m still as bear as I was months ago when I said that everyone was deluding themselves about how "short" this recession was going to be but fannie and freddie under $10 is too ridiculous to pass up. |
You're probably better off buying their debt. If this thing goes the way it sounds they may just let the equity holders eat and die. Whack-a-mole just got a lot harder. Then again, you used to work at Freddie. Perhaps you have an edge. Seems like playing with fire to me. |
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| St_Andrew |
| Oh, this is a great idea, I'm joining :D |
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| Shakka |
Ha! Correct that to 0.00% I bet Michael Perry regrets buying 300,000 shares back in February. |
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| St_Andrew |
| Wtf did you buy Capitalizt that made your fund go up like 2000% the last couple of days?! :eyes: |
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| Capitalizt |
| quote: | Originally posted by St_Andrew
Wtf did you buy Capitalizt that made your fund go up like 2000% the last couple of days?! :eyes: |
Well...
I will never reveal my trading secrets! mwahahahahahahahahahaha!!!!
(hahahahahahahahahahahaaaa!!! (continued)
Ok *cough* seriously, One day my portfolio was happily sitting at $14.06 and I decided to go short oil by buying DOY. I put 3% of the portfolio in in, then noticed my portfolio had closed at $14.10 after a good rally..so I decided to lock in that profit by placng a sell order for the stock before the market opened next day.
Somehow the price of DOY opened at like $6,000 per ounce instead of $21/oz And my order filled at that price ;) I really wish it didn't happen though because I was happy enough with my "real" performance before..
Oh well. |
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| Krypton |
| quote: | Originally posted by Capitalizt
Ok *cough* seriously, One day my portfolio was happily sitting at $14.06 and I decided to go short oil by buying DOY. I put 3% of the portfolio in in, then noticed my portfolio had closed at $14.10 after a good rally..so I decided to lock in that profit by placng a sell order for the stock before the market opened next day.
Somehow the price of DOY opened at like $6,000 per ounce instead of $21/oz And my order filled at that price ;) I really wish it didn't happen though because I was happy enough with my "real" performance before..
Oh well. |
Oil is not traded in ounces..;) |
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| Capitalizt |
| quote: | Originally posted by Krypton
Oil is not traded in ounces..;) |
bad habit, lol
I keep telling everyone I know to buy gold and silver to protect themselves. Ounces of precious metals are always better (and prettier) than shares of stock or pieces of paper. ;)
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| mndeg |
| quote: | While losses spread across most sectors in Asia, financials were hit particularly hard as investors worried that trouble in the U.S. financial markets would spillover to Asia.
Japanese traders were rattled by a local business newspaper report that the country’s top three banks hold a combined 4.7 trillion yen ($44 billion) in Fannie Mae and Freddie Mac debt. Another newspaper report unnerved Taiwan’s market with news that at least two leading financial institutions have invested in the mortgage giants, and the country’s central bank may also have purchased their bonds. |
SPY and EFA track almost perfectly
EFA is a banking index that has japanese and uk banks
the rise and fall of fannie mae yesterday was interesting. it was dumb money vs smart money. they thought granting fannie mae low interest rates was going to help them when it was just delaying the inevitable.
do any of you guys trade in real life? and how are you doing? |
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| Krypton |
Can someone tell these people they can't protest a stock market decline...:p :rolleyes:
| quote: | Pakistani small investors protest over stocks slump 5 minutes ago
KARACHI (AFP) - Hundreds of small investors demonstrated at Pakistan's main stock exchange Thursday, breaking windows and burning tyres, after another day of heavy losses in trading, officials and witnesses said.
Police and the military were called in to restore order at the Karachi bourse where the 100-index has been on a steep decline for the past two weeks amid growing political uncertainty, dealers said.
The benchmark Karachi Stock Exchange (KSE) index of 100 shares shed another 279 points to close at 10,212 points, representing an 18-month low, about 36 percent down from an all-time high in April.
Investors in Lahore and Islamabad held similar protests, burning tyres and blocking roads, witnesses said.
The market is under pressure due to political uncertainty, a liquidity crunch and foreign selling, dealers said.
The KSE had peaked at more than 15,000 points in April and the capitalisation is down from 71 billion dollars to around 50 billion dollars.
Analysts fear the trend is likely to continue.
"The institutional support has started, but the situation could last for some time because of deteriorating Pakistan-Afghanistan relations and tension on our northwestern borders," senior analyst Azhar Ahmad Batla said.
"The market has shed more than 1,300 points (around 15 percent) since start of this week," Batla told AFP.
Witnesses said more than 200 small investors, some of whom rent small offices in the exchange building, gathered in its main hall to demand a halt in trading.
When the exchange administration declined, some protesters smashed windows, said Mohammed Aslam, the exchange's security chief.
The police said they made no arrests and the situation was under control.
The stock exchange administration also called paramilitary Rangers to help the police.
"Our personnel are there to keep the situation under control," Rangers spokesman Major Mohammad Ali Malik said.
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