i feel that if you can't correctly state what options you bought then you probably shouldn't be trading options just yet. fwiw you would say "i bought 12 of the NOK jan 14 calls at 80 cents" btw i had to short NOK earlier this morning. i used amel's excitement as a guage for sentiment and the fact that it jumped all the way back to 3 in a few days after all that weakness.
Good call (and I still own NOK) but watch it as it is heavily manipulated by the big boys IMO. But if you ride in the back seat with them, you can make good money both ways on this one. Personally I think the market as a whole is due for a small correction as it's had a pretty nice run up. I only play longs and have too much cash on the sidelines right now burning a hole in my pocket just waiting for a pullback.
Unfortunately that is something i have room for improvement for.. I definitely need to educate myself on it.
:grin: I might sell then... btw, weakness? lol, that weakness was because they didn't announce any carriers when they introduced the Nokia 920... the carriers have been announced over the past few days, so that is why it jumped back... most of Europe will have this phone, one LTE exclusive in England.
What do you guys see in Nokia? I got SLB at $62 and BAC at around $7, I think SLB still have plenty of room to grow and bearish on BAC soon. What are yall's opinions on these two stocks?
I think BAC is looking to trade around 10-11 by years end..I had BAC when it was in low 7s but sold around 8. NO clue on SLB NOK made a nice run again today...
No offense, but what do you base these price targets on? Is there actual financial analysis in your predictions? I have been under the impression you are extremely new to stocks and investing based on the advice you gave a few weeks ago to buy stocks that are priced lower so you can buy more shares at one time.
I am pretty sure BAC will start tanking the closer we get to the end of the year, right now it's just how much more it can grow before I jump ship.
Watch it go over 10 when they come out with QE on 10/17/12 I wouldn't sell BAC and play it long term my Price Target for BAC is $11 in 2013 and $15 in 2014 Based on my Spoiler
On NOK http://bbs.clutchfans.net/showpost.php?p=7178791&postcount=5211 on BAC I look at their balance sheet, earnings, mortgage loans/troubled loans, economy
exclusive bigtexxx trade idea: short the schit out of silver QE3 is baked in World's currencies will prove more resilient than most think (as they've behaved after the last few rounds of QE) therefore...ZSL (or some other vehicle to short silver like puts)
Does anyone think this extended version of QE3 will actually drive the markets down in the short term? We saw the DOW 6500 in between QE1 and QE1a, and it had a huge pullback in August of 2011 in between QE2 and Operation Twist. I just can't see this market rising any more than it has, given weak employment and turmoil overseas.
Those drops weren't really QE related. The first one was continuing fear of going over the economic cliff, including fear of nationalization of Bank of America and Citigroup. August 2011 was fear of Europe completely imploding and the demise of the Euro. Things like that would certainly cause a market crash, and the market does seem to have run a lot recently given the remaining economic uncertainty (Europe isn't fixed, for example) so it could pause or drop. But those huge drops were events unrelated to QE.
I'm not a seasoned investor by any means, but I'm just very skeptical of this market. It seems like the entire world is thinking, "Bernanke has stimulated the economy, which will drive up the markets." If it were that easy, then everyone will be buying tomorrow. I just think Mr. Market has other things in mind and a contrarian acts in store...
