Its still up like 10% from its lows. Even suppose they only make 80c a quarter from here on out their P/E and P/Cash flow is still ridiculously low. Just take the cash they have and patents they have and you could make the case someone will buy they at 30/share.
man, my portfolio has been 50% IEF and 50% GLD for a few months now and its getting shellacked lately... i was riding high until September.
You are like 3% off your highs and outperforming the market by like more than 20%. I wouldn't call that shellacked.
Hope no one is short AAPL cause it ripped to a new all time high today on a crappy day for the market. The breakout today was a pretty strong one after a nice consolidation. Looks poised for a nice run up into earnings.
what i meant to ask is when you guys show a stock or whatever heading some way on a chart and then you predict where it will end up, is that based on historical movements
A lot of times when people call out "chart patterns" there is a lot of hindsight involved in them. This bear flag could easily change into another chart pattern given enough time if that makes sense.
Well another strong day for AAPL in a weak market. HPQ up big on another possible CEO change...man that company is screwed up. I ended up selling some volatility in NFLX earlier this morning on the options that expire weekly. I sold 10 115 puts and 10 145 and 15 150 calls. Not huge size or anything, but I felt like it was a pretty low risk trade and we only have about 2 days left til expiration. Other than that I haven't been trading much over the past 5 days. Just been lazy.
I've had a good chunk of my portfolio tied up in gold anticipating a move by the Fed causing a flight to gold... but **** that's tanking today too. bad move by me i guess. i assume everyone is selling gold to ease the losses in equities? i didn't think about that when i made this genius plan.
You're not alone by any means. I mean really people...do you really think it was the high rates (3.25%/3.85% for 15/30 mtg - Prime 3.25%) that was keeping the economy down? C.o.n.s.u.m.e.r. C.o.n.f.i.d.e.n.c.e. How about not coming out and saying...oh, I see us tanking for quite a few more years. Spin it...We see this as a short term pause before things really start to pick up for the holidays but as an early present we plan to lower rates to get an early start. Put the magic 8 ball down, even if all signs point to it being right and spin the news. It's done every day by people not as smart as you. This was beyond idiotic for someone as smart as these people.
TexasFight, I am in gold also. If folks are selling gold to ease the losses in equities, it will only be a short dip. A worsening situation in Europe could trigger the next rally by the end of the year.
That is what I'm counting on... planning to hold onto my gold and not sell before year's end. hoping to ride this out.
