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Any Day Traders on TA? (pg. 8)
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| DigiNut |
| quote: | Originally posted by infinity HiGH
While I'm no expert, based on what I've learned so far I would say that GE is more of a long term investment, so I wouldn't expect to be making big bucks off their stocks in less than a year. Depending how much you have invested in them, I would just wait it out. If you bought them back in late February for 6.66 then you're already making double your money and it's only a matter of time before those shares climb back to the mid-to-high 30's. |
I think you mean the first week of March, when almost every stock on Earth was at least 50% lower than its present-day price.
GE has consistently performed worse than the index. That doesn't mean they're a terrible buy, just that there are better ones. I dumped them a while ago. Patriot Coal went from $4 to $8 in a week and General Maritime went from $8 to $11 - that is good performance. ;) And these are good, profitable companies, not hyped-up fad stocks like NVAX.
Hell, I think you could flip DXO or HOU 20 times before GE makes it back up to high $30s. Watch, they'll be down again on Monday or Tuesday, ready for another week of nearly-risk-free returns. |
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| Skipper |
| GE and day trading do not belong in the same sentence, let alone the same thread. |
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| Nrg2Nfinit |
| quote: | Originally posted by DigiNut
I think you mean the first week of March, when almost every stock on Earth was at least 50% lower than its present-day price.
GE has consistently performed worse than the index. That doesn't mean they're a terrible buy, just that there are better ones. I dumped them a while ago. Patriot Coal went from $4 to $8 in a week and General Maritime went from $8 to $11 - that is good performance. ;) And these are good, profitable companies, not hyped-up fad stocks like NVAX.
Hell, I think you could flip DXO or HOU 20 times before GE makes it back up to high $30s. Watch, they'll be down again on Monday or Tuesday, ready for another week of nearly-risk-free returns. |
stop rubbing it in with the novavax :p
don't worry i'll dig up a good stock to track :) |
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| Dr. Z |
| "in a bull market, everyone's a genius" |
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| Nrg2Nfinit |
| quote: | Originally posted by Dr. Z
"in a bull market, everyone's a genius" |
i dunno man. i don't really consider this a bull market yet. we are still in recession. |
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| DigiNut |
| quote: | Originally posted by Skipper
GE and day trading do not belong in the same sentence, let alone the same thread. |
Lol, of course you are right - I think this has ended up being about short-term trades in general.
| quote: | Originally posted by Nrg2Nfinit
stop rubbing it in with the novavax :p |
Haha, I bet you could still make some money shorting them. I'm just waiting for it to sink below $1 again so I can exercise my puts. I'd give it about one week, maybe less depending on how quickly the swine flu hype dies down.
And there's still lots of room for bear traders in this market. Financials are still on shaky ground. FAZ made an end-of-day run-up every day last week; a day-trader with nothing better to do could have picked up $250 a day with a $10,000 principal. I'm not one of those people of course - don't think I could stomach having that much money in such an unreliable "stock". |
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| Nrg2Nfinit |
| quote: | Originally posted by DigiNut
Lol, of course you are right - I think this has ended up being about short-term trades in general.
[FONT=Tahoma][COLOR=#99CCEE]Haha, I bet you could still make some money shorting them. I'm just waiting for it to sink below $1 again so I can exercise my puts. I'd give it about one week, maybe less depending on how quickly the swine flu hype dies down.
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you're probably right. last time i was checking them on friday there were around 200 bids to 5 asks. Everyone is trying to dump them. |
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| Skipper |
| quote: | Originally posted by simms327
also have been enjoying YLO.un with a 20% avg yield. |
Not today you're not |
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| exstasie |
Gotta love these last couple days :D :D
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| Skipper |
| The vibe has completely changed at the office this week. TSX over 10,000, some good Q1 numbers coming out (some bad too, but some good), some positive indicators in the market...could be the start of something worthwhile! |
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| English Rachel |
| I fancy trying my hand at FOREX, any tips? |
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| rabbitjoker |
| quote: | Originally posted by English Rachel
I fancy trying my hand at FOREX, any tips? |
HAHAHA!
You better fancy losing your shorts as well. |
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