|
Member
(08-01-2012, 04:16 PM)
|
Originally Posted by HowardRoark:
|
|
Member
(08-01-2012, 04:29 PM)
|
Originally Posted by Soka:
|
|
Two Panda's Thumbs Up
(08-01-2012, 04:38 PM)
|
Fun stuff this morning. If you guys have about 20 minutes, here's a video on how some 140+ stocks got affected this morning by some rogue algorythm. Wells Fargo, for example, broke through it's 52 week high, and the volume was double or triple of what it normally does.
http://premarketinfo.com/2012/08/01/algos-gone-wild/ summary: •Rogue algo strikes number of stocks: up to 148 symbols impacted •WFC preferred security JWF trades 4.9MM shares, and trades down more than 10% •VZ, PEP, RSH, BBY, WFC and many more all affected •Appears to be an auto buy program error on some issues •An auto-sell program on other issues |
|
安安安安安安安安安安安安安安安
(08-01-2012, 04:46 PM)
|
Originally Posted by Sanky Panky:
Like I said in your other thread, financial institutions with gigantic sums of cash can literally control stocks this way. On STP, I find it highly suspicious that now that they are reporting they got frauded for millions, the stock keeps dropping like mad. Are they getting attacked because they are going forward to have an investigation in over half a billion dollars of fraud? http://www.reuters.com/finance/stock...y-developments
Last edited by Ether_Snake; 08-01-2012 at 04:49 PM.
|
|
Two Panda's Thumbs Up
(08-01-2012, 04:49 PM)
|
The exchanges love this kind of stuff. They get paid per transaction, so dozens of trades per second for 30 minutes... it's a gold mine for them.
The change won't come from them sadly. Like they said at the end of the video, one thing we could do at least is to not use stops. It would be dumb to be taken out by this erratic algorythm. |
|
Two Panda's Thumbs Up
(08-01-2012, 06:17 PM)
|
There we go!
No QE3 probably, or algos front running the decision chasing stops, or the start of the down trend for the rest of the week/month... For the latter I think tomorrow's ECB will do it edit: confirmed no QE3. The market is like a crackhead for stimulus
Last edited by Sanky Panky; 08-01-2012 at 06:21 PM.
|
|
why I'm cranky
(08-01-2012, 06:45 PM)
|
lol, look at the stock chart today for PANL...off a cliff
|
|
Member
(08-01-2012, 09:59 PM)
|
Originally Posted by Sanky Panky:
I mean, have you guys seen the cyclical trading patterns we saw in a few stocks (off the top of my mind, KO, AAPL and MCD) a few weeks ago? That was real insane shit too. http://seekingalpha.com/instablog/30...the-real-thing http://www.bloomberg.com/news/2012-0...cdonald-s.html |
|
Member
(08-01-2012, 10:50 PM)
|
Originally Posted by Sanky Panky:
I got in on ARR while it was under 7 and have been reinvesting the dividends back into the stock. Hopefully by 2014 I will have a nice gain assuming Fed keeps their word on the low interest rates through that year. |
|
安安安安安安安安安安安安安安安
(08-01-2012, 11:39 PM)
|
Nice to see EA up 6% today. Too bad I didn't go ahead and buy more last week, I actually cancelled an overnight order:(
Still, even if I am more confident in them than ATVI, I'm uneasy about the transition to next-gen. Although next-gen implies lower-priced current-gen consoles, which might help console sales. I just don't believe that the drop in console game sales will not remain a consistent trend over the next few years. Next-gen consoles will have to use contract-based pricing to keep the store price as low as possible, otherwise you can expect a worst situation than the transition to current-gen. But this would possibly mean less money spent on games and more on hardware makers' services, which might negatively affect game publishers. Blargh, too blurry for me to put more money in there right now. TTWO dropped 10%. I see nothing to bring them up in the near future other than GTAV, which we've seen nothing of for a long time. More downside risk IMO than upside potential in the near term. Only upside is a potential buyout, which becomes increasingly likely as the share price falls. I could see them getting bought for GTA and sports games. EA is not in a position to buy just to eliminate competition, so probably another company. If the markets go down significantly in the near future, I expect TTWO to fall below 6$.
Last edited by Ether_Snake; 08-01-2012 at 11:48 PM.
|
|
Member
(08-01-2012, 11:58 PM)
|
Originally Posted by Divvy:
if the price gets back up to 9-10 dollars i might just cut my losses cause it could be a while before we make any money from it. at the moment i could see it fall as low as $5 which was what it was back in may before the runup. overall it was a good lesson to not buy on hype and what ifs... still i did expect $15 even $20 on ARNA...
Last edited by arbok26; 08-02-2012 at 12:39 AM.
|
|
Member
(08-02-2012, 12:05 AM)
|
Originally Posted by NYR:
will hold for a good year or so. not too worried about AAPL - even if the iphone 5 reveal disappoints - there's going to be a lot of iphone sales over christmas just because people need to upgrade... contracts are usually 2 years meaning people who bought in day 1 for iphone 4 are over - im sure they are waiting for the next iphone |
|
Member
(08-02-2012, 02:49 AM)
|
Originally Posted by arbok26:
Man, was I ever happy that happened after the earnings dip.....right now - not so much. :( Skipped Thursday expecting a bigger slip, and didn't buy on Friday as I thought it was a reactionary spike. By Monday morning, I was seriously regretting that decision. Will be watching it like a hawk tomorrow - I expect the normal morning spike, but I hope it slows down a tad. Really want in for the dividend, as like you, I am going LONG until at LEAST April 2013 with hopes of $745 by Jan, and $1000 sometime in 2013, when I would love to bounce out. Pipe dream? Time shall tell, sitting all cash right now until I make my move!!
Last edited by NYR; 08-02-2012 at 02:52 AM.
|
|
Member
(08-02-2012, 06:58 AM)
|
Originally Posted by NYR:
so yeah holdling this - and id like to buy more so ill be watching it. i did the same as you - i waited until last Friday to buy because i figured most would sell before the weekend. But then I got greedy and wanted to buy 10k worth instead of 5k and I didn't have enough in my account... so i had to wait until Monday.... monday came round and it shot up 10%, same again on Tuesday... the market is way too quick for me especially when I'm in Australia and all the action happens overnight. if iphone 4s is any indication - iphone 5 should be a success because of all the iphone 4 people coming off their plans, at least 50 million users i would expect. also even thought the dividend is small, im sure people will want in before that plus there's a media event on Sep 12 and i expect there will be a run up of the share price before then. |
|
why I'm cranky
(08-02-2012, 01:41 PM)
|
Well, manipulators/shorts are having their way with SPPI. This is going down on low volume and no news. Might be a great buying opportunity. I know sales will be through the roof but it's really the guidance we need to worry about.
|
|
Two Panda's Thumbs Up
(08-02-2012, 01:51 PM)
|
I'm taking a break from trading...
Emotions got the best of me, and I commited a few cardinal sins. The market these past few weeks have been more transparent than ever to me. Keeping good money management, I ended July with a 54% gain on my account. For last week, I had a short position on the EUR/USD around 1.2310 and this thing did not move much, so my patience was being tested. Yesterday after the FOMC meeting, it finally went my way to 1.2225, but I was so biased about today's ECB/Draghi press conference, that I did not cover or hedge my position. I knew for a fact that the markets would keep going down, because Germany was blocking any initiative by this buffoon. I would ride out the retrace the bullshit algorythms were going to do. I wake up and this thing is back to around my 1.2310 and of course, I attribute it to mindless algorythms and stupid traders that don't do their homework. They are hoping for a hail mary from Draghi. I basically bet the house on this thing, because I have never been so certain about a trade. BIG MISTAKE. Like clock work, that market keeps ticking up. 1.2320, 1.2335, 1.2350... I think to myself, this blind hope bullshit can't last long. Sure enough, the time for the press conference hits and this thing starts going wild. There are 10 to 20 pip swings in seconds (thanks to bullshit computers), and it inches dangerously close to the point it takes me out, and I lose half of my account... 1.2390. I'm at work, so I can barely get my quotes or place any trades, so in what must have been less than a second, the market hits 1.2405 and I'M OUT. I lost. Sure enough, after that second, the market proceeds to drop 200 pips. Tons of money lost, and tons of money not made... all because seconds of algorythms acting against every fundamental logic. I'm now back to where I started in June money-wise, but FUCK. Lessons in trading hurt the most. Sorry GAF I had to vent somewhere. |
|
why I'm cranky
(08-02-2012, 01:54 PM)
|
Holy shit! INCY got owned after their earnings call. Down 22% now.
They beat in all areas and projected 30% revenue growth. Fuck this pure manipulation...the market is a fucking rigged game.
Last edited by CrankyJay; 08-02-2012 at 01:56 PM.
|
|
Canadians burned my passport
(08-02-2012, 01:57 PM)
|
Yup I'm totally in the same boat as you guys. This game is so goddamn rigged.
Originally Posted by CrankyJay:
Last edited by Divvy; 08-02-2012 at 02:03 PM.
|
|
why I'm cranky
(08-02-2012, 02:07 PM)
|
Originally Posted by Divvy:
|
|
why I'm cranky
(08-02-2012, 02:22 PM)
|
Originally Posted by Divvy:
|
|
Member
(08-02-2012, 03:00 PM)
|
Originally Posted by Sanky Panky:
|
|
Junior Member
(08-02-2012, 03:14 PM)
|
Originally Posted by Cloudy:
Side note, any of you guys in on big pharm? Novartis has been solid.
Last edited by bluelightningduo; 08-02-2012 at 03:31 PM.
|
|
Member
(08-02-2012, 03:33 PM)
|
Originally Posted by bluelightningduo:
|
|
安安安安安安安安安安安安安安安
(08-02-2012, 04:40 PM)
|
Aeropostale down 35%.
Funny how so many companies have been TANKING HARD recently. Dooooooown we go. Gold has been trading weird too, you'd think in uncertain times it would rise. edit: I'm gonna be shorting everything lol. And I think the markets will do the same. Pessimism is taking over everywhere, rightfully-so to some extent. People don't believe the "let's wait and hope things fix themselves" mantra anymore, and they all know what "not waiting and fixing things ourselves" would imply: prosecutions, regulation, etc. edit2: Wow FSLR up 27%. This never happens to me!
Last edited by Ether_Snake; 08-02-2012 at 04:59 PM.
|
|
Member
(08-02-2012, 04:52 PM)
|
Originally Posted by Anno:
|
|
why I'm cranky
(08-03-2012, 03:03 PM)
|
Originally Posted by Divvy:
The lows can be considered buying opportunities but I certainly wouldn't be selling unless already up a lot. |
|
Canadians burned my passport
(08-03-2012, 03:07 PM)
|
Originally Posted by CrankyJay:
Should have put some money in Google a few weeks back, but chickened out.
Last edited by Divvy; 08-03-2012 at 03:10 PM.
|
|
Member
(08-03-2012, 03:10 PM)
|
Originally Posted by Anno:
|
|
Member
(08-03-2012, 03:16 PM)
|
Originally Posted by Anno:
|
|
Member
(08-03-2012, 03:41 PM)
|
So I just got 10k in AT&T stocks. Live in California. If I want to cash out, how screwed am I? It's like 10% state on top of the federal amount yeah? If the stocks were long term or existing for quite a while and recently transferred to me, would they be considered short term and capital gains tax be directly pulled from my income bracket? Advice?
|
|
Member
(08-03-2012, 06:26 PM)
|
Short term cap gains (less than one year) are taxed are your normal income tax rate. Long term gains, (more than one year, and I emphasize more) are taxed very differently. I'm not sure what kind of cap gain taxes California imposes, but from a tax perspective you'll need to weigh the difference between short and long term gains versus what you could do with the money now and the certainty of the gain.
|
|
Member
(08-03-2012, 11:40 PM)
|
Originally Posted by Divvy:
looks like people are holding (and hopefully the worst is over) - i think people are getting rid of the stock before the earnings report next week and anything that is not miraculous news these days tends to send the stock down. |
|
Member
(08-03-2012, 11:59 PM)
|
Regarding ARNA, and with the disclaimer that I'm long a lot of shares at an average of about $4:
I think what's happening right now is pure manipulation. The stock ownership report will be released in November and mark my words that institutional ownership will have at least doubled. Earnings report next week will beat expectations, and they will have a hard time keeping the price down. At this point, the stock is just a kettle that they are trying to keep from boiling over. And there are a lot of catalysts on the horizon that could set it off. It's for that reason that I'll be holding long. I don't want to miss the inevitable runup. ARNA is easily worth twice what it's priced at now, 1 year from now. Barring any other unseen factors, as someone pointed out (nothing certain). I still have a hunch a buyout is coming sooner or later. I've been away from the Internet for a couple weeks, and was pretty bummed to find this had dropped so much. But I'm hanging in there. |
|
Member
(08-04-2012, 02:21 AM)
|
Originally Posted by Sanky Panky:
|
|
安安安安安安安安安安安安安安安
(08-06-2012, 05:01 PM)
|
Stratasys up nearly 30% since I added it to my watch list. I want high performing stocks like that in my portfolio. Haven't had any in a while.
:| edit: Markets always spike or plunge at 3:30pm. edit: I'm gameover in the Investopedia game, I shorted too much, lol.. Nice to see EA going up over the past two days. They are suing Zynga now.
Last edited by Ether_Snake; 08-07-2012 at 03:50 PM.
|
