Unless you have insider information, there's not much difference buying a stock before or after earning call. If what you believe is correct, chances are, thousands are thinking the way you and already inflated the prices to the appropriate price level. If you do have inside information... let us know!!! :grin:
There might be more information divulged about the company split as the wireless handheld division may be spun off and move to San Diego. Whether it's the mobile device division that gets spun off is unknown. On a very macro level, just looking at handset sales sales across the board (Droid #1 ranked seller on Amazon.com, Droid + Backflip sales approaching 2m+ units sold, fastest selling smartphone on VZW ever, ect), I'd say there is some upside. Add to this that by the end of the summer MOT will have released their entire mobile lineup globally can only mean there are bigger and better things to come. The handset earnings will be better than expected, imo. I fear the Home division will drag the rest of MOT down... i've read several "expert" analyst targets at 9
The story about GS and John Paulson has been out for a while. Some always wondered how they were allowed to get away with it. Banks Bundled Bad Debt, Bet Against It and Won <hr> Edit: Secret AIG Document Shows Goldman Sachs Minted Most Toxic CDOs Cramer getting Slammed in a discussion about Goldman Sachs
The Goldman story is not news, the charges from the SEC is. The question is what kind of effect this will have on the markets. We are so overextended here that they will most likely use this as an excuse to sell off further. This may present a nice buying opportunity for those of us who missed the latest leg of the rally. On the other hand this may be the start of a deeper correction. The last pullback ended on a hammer candle(Feb. 5) that was too obvious looking back now. We will have to look at price action again as this pullback unfolds to determine whether to bottom fish, or to stay out of the pool. Shorted CLF and AAPL to take advantage of potential further downside. I like Apple in particular as it is extremely extended. Even on Friday it held up remarkably well. However by the end of the day it closed to form a Doji, signally a potential top. I have my stop at a close above 250. Initial downside target is 225. Anything lower means a more serious pullback for the markets. Good luck.
I bought some more C, but am worried. I made a nice bit of change buying it when the financials tanked on the GS news. But I had hoped to hold onto C for a while longer. I'm going to wait and see what happens Monday morning (how the rest of the world reacts) and then see about possibly adding to my other positions.
The markets are so overbought here that I would be weary of buying anything before a deeper pullback. Although looking back to late last year, Gold was making a similar vertical move higher before the Dubai news hit. The initial reaction was a substantial gap lower, however it almost immediately reversed, making higher highs not two days later. It was 4 days later that the eventual high was put in, on Dec 3. So I would not be surprised if we initially turn higher early next week, or even making a marginally higher high. Don't be fooled by this, as a pullback here in the short term is simply necessary, whether your medium/long term outlook is bullish or bearish.
I sold my GS friday - unfortunely lost my profit on that one but I think that money can find a better home somewhere else in a few days. I'm looking to back in C at 4 and/or BAC at 17 with that money and the kid's sidelined money. I think Monday will be another down day though not as severe. I think a 15-20% correction on financials with a 10% correction is likely over the next 10 days or so.
So... this thread is massive, can anybody give me an opinion on what is the best stock trading platform? E*trade, scottrade, etc?
What about stocks like PCX and SPG as Short candidates? <hr> Don't get in a hurry to catch a <i>Falling Knife</i> as CXbby has already pointed out. DoD, send me an email through the BBS link. R0ckets03, send me an email if possible. <hr> Is there a reason why you are inclined to stick with the financial stocks? I know that the U.S. has had a strong FIRE Economy in recent years, but I am very cautious with stocks in that Market sector.
I like playing with fire. I think some of these stocks have some great growth protential and a lot of catching up to do - more than most sectors. And I'm one of those sector investors. 4-5 years ago I was into refineries and would watch each one sneeze and each refinery report. Now I'm financials. Just like any stock you have to learn to not get attached to personal reasons and take profits when you think it's time, buy when you think it's gone low enough and get out when you think you can make more money in a different area. Not always hitting bottom and top but I've done ok.
The REITs are trading at Sep. 2008 levels, or pre-financial crisis prices, so they are definitely vulnerable. They started selling off a few days before the general market, so I do like them a lot. Not too familiar with PCX. Speaking to the general board, at the end of the day, unless the market as a whole comes off, none of these shorts will work out that well. The key for me and Mango is definable risk. The market has been on such a tear that if you just keep shorting and shorting with no risk parameters, you will have no more bullets once the eventual top is put in. My previous short was covered with minimal pain thanks to a Mango suggestion. With current market conditions I believe a short is the better risk to reward trade. With that said, you NEED to define your risk(with STOPS) before you trade.
PCX has a high Beta and is favored by Day Traders from time to time. Coming off of the Feb bottom two months ago, PCX and Small Caps were Red Hot. PCX and the Small Caps slowed and became an afterthought. PCX doesn't trade exactly with the price of Crude, but the energy sector overall looks vulnerable if there is a continued correction in oil prices. Grains have been soft today, so there might be a sense of going Flat and increasing Liquidity across multiple Markets. <hr> Yes, controlling losses is key to this. Then work on the winning.
I have a Fidelity account and a Scottrade... the Scottrade website I do not find user friendly at all. Scottrade's website also has a tendency to crash. I've had no problems with Fidelity.
