STOCK MARKET: Let's talk stocks and investing

NOOB question: what's a good ETF if you're interested in following the S&P 500?

 

SPY

5 characters.

 

That was an easy 4%.

 

It looks like this scenario might be playing out. I might be looking to short everything under the sun with an eye to tighten up stops towards the end of May. Anybody else seeing this scenario playing out?

 

I agree with the scenario IF we don't bust through, but honestly I think there is a good chance we have another leg up. Kind of blew off some steam on this mini correction. If AAPL fails to participate on the next leg up that may be the signal for a longer term market top later. For now just staying on the sidelines to see how it pans out, if we roll over or break out I will then jump on. BTW loving the price action in GC so far today, I think a move to 1800s is coming soon.

 

Investing in either FAZ or GLD, anyone think this will be a good idea?

 

DO NOT INVEST IN LEVERED ETFS! They will lose you money.

 

so just invest in GLD? i mean i am thinking about that or Coke cola or Att.. i have four companies right now, so yeah idk what to invest my 1500 in.

 

Did you end up going short or wait it out? I shorted the world at the beginning of May. I'm getting my Hulk smash on right now. :grin:

 

I am thinking about adding either FB,GLD or COP to my portfolio... Which one would y'all pick? dropping about 1500.

 

oh hai guise

nailed it again

a strong start to 2012 for the big sexxxy

 

What makes you think that shorting oil is a good idea right now?

I'm just curious to know what you're thoughts are.

 

Right now I like GDXJ better than GLD.

 

my idea was from march

right now I'm less excited about the idea

 

Well i am up 200 from investing in FAZ. Lets GO!

 

The date on that is 4.6.12. Can you say called shot?

 

You and Ron from the G just called the bottom of the market Might be a decent time to cover that position.

I actually came back into the office today to get setup for the fun book ipo. Looks like a decent time to be trading. FWIW someone posted this in a chat room I am in....

So that combined with the clutchfans stock market thread indicator looks to be pretty close to a bottom.


Also, I haven't really looked at charts in awhile, but I saw gold is actually starting to look like a bear market for once. I'd get long a couple hundred dollars lower.

FB will start trading/indicating around 10 am tomorrow and it priced at $38. Also, Arca is not trading fun book for some strange reason. So if you use Arca for your orders adjust to another market center

 

What did you use to trade it? I was thinking about your call when I saw oil start tanking. Nice one.

 

I can't wait to see what the market will do tomorrow with all these ppl piling on facebook. And people not getting the prices that they want, they will still have an itchy finger and buy something tomorrow. The market looks good for tomorrow, for once.

 

I use Optionshouse.. so i am set and ready. locking in some moolah in to "fun book".

Robbie- thank you my friend. i try man, i am young and i am learning a lot from everyones input.