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/dev/null 01/20/10 08:01 PM
securityeven 01/20/10 08:03 PM
/dev/null 01/20/10 08:06 PM
securityeven 01/20/10 08:08 PM
/dev/null 01/20/10 08:09 PM
securityeven 01/20/10 08:12 PM
/dev/null 01/20/10 08:16 PM
Atticus 01/20/10 08:21 PM
doski 01/20/10 10:33 PM
12XU 01/20/10 10:42 PM
securityeven 01/21/10 05:44 AM
securityeven 01/21/10 05:37 AM
12XU 01/20/10 10:41 PM
/dev/null 03/01/10 10:38 PM
doski 03/01/10 10:47 PM
/dev/null 03/01/10 10:57 PM
Atticus 03/02/10 12:15 AM
doski 03/02/10 11:58 AM
Atticus 03/02/10 12:34 PM
Supe 03/02/10 06:12 PM
doski 03/02/10 06:59 PM
Atticus 03/29/10 09:58 PM
doski 03/30/10 11:40 AM
doski 04/01/10 04:57 PM
Atticus 04/05/10 12:28 PM
ohnoes 03/03/10 10:27 AM
Gibbs7 03/03/10 12:28 PM
12XU 03/13/10 08:49 AM
/dev/null 03/10/10 09:10 PM
doski 03/10/10 09:40 PM
/dev/null 03/10/10 09:44 PM
doski 03/29/10 12:26 PM
Supe 03/29/10 03:27 PM
Atticus 03/29/10 04:16 PM
doski 03/29/10 04:18 PM
Atticus 03/29/10 04:30 PM
doski 04/01/10 04:56 PM
Atticus 04/05/10 12:30 PM
Gibbs7 04/21/10 11:12 PM
doski 07/08/10 11:16 PM
Atticus 04/01/10 09:53 AM
/dev/null 06/16/10 07:13 PM
12XU 06/16/10 07:43 PM
Supe 06/17/10 03:41 AM
12XU 06/17/10 05:28 AM
Supe 06/18/10 04:42 AM
securityeven 06/18/10 04:45 AM
/dev/null 07/08/10 11:01 AM
doski 07/08/10 08:09 PM
/dev/null 07/08/10 08:23 PM
/dev/null 07/12/10 06:46 PM
Gibbs7 07/09/10 06:28 PM
Intervals on treadmill whil... 07/20/10 10:24 PM
doski 07/20/10 10:31 PM
Intervals on treadmill whil... 07/23/10 07:54 PM
Intervals on treadmill whil... 08/03/10 06:17 PM
XO Historian 08/11/10 07:18 PM
Intervals on treadmill whil... 08/11/10 08:01 PM
Intervals on treadmill whil... 08/11/10 05:55 PM
Intervals on treadmill whil... 08/24/10 09:00 PM


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Author: /dev/null (some fools just love to perform)

Posted: 01/20/10 08:01 PM

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Bought 100 shares each of T and VZ today. Both are near 52 weeks lows and have around a 6% divvy. I'm betting that's better than sitting in cash.

VZ at 30.689

T at 25.788


 


Author: securityeven

Posted: 01/20/10 08:03 PM

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honestly, how much do you expect to make on this trade, and over what period of time? don't dodge the question.

I never understood people trading when they have no money. Unless it's just for entertainment, sort of like gambling.


 


Author: /dev/null (some fools just love to perform)

Posted: 01/20/10 08:06 PM

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I'd be happy making 6% for the foreseeable future on that money. Might sell some well out of the money covered calls though...

(edit)

I never understood people trading when they have no money. Unless it's just for entertainment, sort of like gambling.

OK, so what should I do with that money that was previously sitting in a MMA making 1.9% when CPI was recently reported at 2.9%?


 


Author: securityeven

Posted: 01/20/10 08:08 PM

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so $340. and foreseeable future means about one year?

you could make more in a weekend of contract programming.


 


Author: /dev/null (some fools just love to perform)

Posted: 01/20/10 08:09 PM

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one thing does not follow the other...

foreseeable for me, in terms of investing, probably means the next 5-10 years. maybe more.


 


Author: securityeven

Posted: 01/20/10 08:12 PM

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it does. basically you're too poor to "invest." Investing is for people with real money. if you took the time you spend researching and following the markets, and divided it into your profit, you'll see that you're not even getting minimum wage. in other words, you'd make more money if you took that time and spent it working.

now if you're doing it for the entertainment aspect, again like it's a mini-vegas, then that's a different story. edit: but even then you'd probably have more fun if you learned blackjack and went to vegas every once in a while.


 


Author: /dev/null (some fools just love to perform)

Posted: 01/20/10 08:16 PM

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You haven't answered my question. What should I do with the money that I already have that's sitting idle? Are you advocating leaving it in a MMA? That's at least an answer.

 


Author: Atticus [4334]

Posted: 01/20/10 08:21 PM

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I don't think SE understands the concepts of "compound interest" and "investment horizons." He's probably stuffing money into his mattress and hoping that some day he'll have enough to "invest" a large amount all at once.

 


Author: doski [4736] (Trolls for proles)

Posted: 01/20/10 10:33 PM

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I think because his dad has 300K in a mutual fund, that means he's going to inherit mass wealth one day and is therefore elitist.

 


Author: 12XU (mostly air)

Posted: 01/20/10 10:42 PM

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Author: securityeven

Posted: 01/21/10 05:44 AM

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oh yeah, all the finance textbooks are filled with theories of why joe every day should be picking stocks.

 


Author: securityeven

Posted: 01/21/10 05:37 AM

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You should upgrade your standard of living. Describe your current residence (do you even own your residence?), car, clothing, the quality of your dining and dating life and I'll provide more specific instruction.


 


Author: 12XU (mostly air)

Posted: 01/20/10 10:41 PM

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Good god you're a fucking moron.

 


Author: /dev/null (some fools just love to perform)

Posted: 03/01/10 10:38 PM

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Bought 200 ASF @ 17.09 a couple weeks ago.

I think energy stocks are fairly cheap on a 5 year basis, especially given the situation in Iran. Contemplating adding 100 shares each of XOM, COP and BP.


 


Author: doski [4736] (Trolls for proles)

Posted: 03/01/10 10:47 PM

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Why? You're purely speculating. Unless you think you have some insider knowledge more than the market does, you'd do far better just investing in a few ETF's, both national and international. 95%+ of professional money managers can't beat the market, you shouldn't bother trying either.

 


Author: /dev/null (some fools just love to perform)

Posted: 03/01/10 10:57 PM

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Fair enough, and I do have the bulk of my investments in index funds. But, retirement target date funds got clobbered recently while I was sitting on the sidelines. I don't totally agree with the idea that you can't time the market.

 


Author: Atticus [4334]

Posted: 03/02/10 12:15 AM

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This is right. It's possible to "time the market" through smart asset allocation if you can avoid getting caught up in the conventional wisdom.

 


Author: doski [4736] (Trolls for proles)

Posted: 03/02/10 11:58 AM

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Let me know how timing the market works for you over the next 30 years.

 


Author: Atticus [4334]

Posted: 03/02/10 12:34 PM

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You didn't seem to have a problem with it before.

http://www.biglawboard.com/blb/viewThread.jsp?threadId=81772#101616


 


Author: Supe ("can you eat prestige?")

Posted: 03/02/10 06:12 PM

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Pwn3d!

 


Author: doski [4736] (Trolls for proles)

Posted: 03/02/10 06:59 PM

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Good pwn. Not sure what I was thinking, other than my speculation probably agreed with yours. It's all just speculation.

 


Author: Atticus [4334]

Posted: 03/29/10 09:58 PM

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It's not just speculation. Stock market returns can be predicted over the medium term. Not precisely, of course, but well enough to get a sense of when you shouldn't be putting all of your money into stocks. This short piece sums it up pretty well:

http://www.ritholtz.com/blog/2010/03/us-stock-market-returns-%E2%80%93-what-is-in-store/


 


Author: doski [4736] (Trolls for proles)

Posted: 03/30/10 11:40 AM

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I may eat my words about timing the market.

"But ?buy-and-hold? investors in the S&P 500 Index are still 25.5% down from the levels of 10 years ago, the Dow Jones Industrial Index a similar 23.5% lower and the Nasdaq Composite Index a massive 52.5% under water."

He's taking the peak of the bubble and comparing it to the trough of the recession. Questionable.

Starbucks current P/E is 32, his research supports my conclusion to sell SBUX.

Overall, grade A article.


 


Author: doski [4736] (Trolls for proles)

Posted: 04/01/10 04:57 PM

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TBF this is the difference between you and I. I am able and willing to admit when I'm wrong, you never will. You suck blindly to the Obama/Keynesian tit.

 


Author: Atticus [4334]

Posted: 04/05/10 12:28 PM

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Gratuitous hostility. Plus, I've admitted I was wrong plenty of times (mostly when I talked with posters other than you). You'd probably find people conceded points to you more often if you backed up your arguments with evidence.

 


Author: ohnoes [1372]

Posted: 03/03/10 10:27 AM

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for the most part this is true but there are certainly situations in which the market suffers from irrational overreactions and can be taken advantage of. see: GS in the banking crisis

 


Author: Gibbs7 [5224] (*picks feet in Poughkeepsie*)

Posted: 03/03/10 12:28 PM

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The market is a drunk chick? Ohnoes!

 


Author: 12XU (mostly air)

Posted: 03/13/10 08:49 AM

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lol

 


Author: /dev/null (some fools just love to perform)

Posted: 03/10/10 09:10 PM

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Sold 200 ASF @ 19.67. Plus I was owner of record on ex-divy date. 15.2% return after fees.

 


Author: doski [4736] (Trolls for proles)

Posted: 03/10/10 09:40 PM

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post all your gains and losses since you started trading to give a Fox News Fair and Balanced Report.

 


Author: /dev/null (some fools just love to perform)

Posted: 03/10/10 09:44 PM

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I've been trading off and on since the late 90s, so this is more work than I want to do just now. I haven't traded much in the past couple years, but now that I've started back again I'm going to keep all my mad money trades here.

 


Author: doski [4736] (Trolls for proles)

Posted: 03/29/10 12:26 PM

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After serious analysis, I'm saying sell starbucks. It is currently trading around $25.

 


Author: Supe ("can you eat prestige?")

Posted: 03/29/10 03:27 PM

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I would hold it considering how well the company is doing right now. Most people cut back on buying their overpriced starbucks coffee during this recession, so I think the stock will continue to rise over the next year as more people become reemployed. I'd probably sell around Feb 11 unless they developed some other new product such as their instant coffee.

 


Author: Atticus [4334]

Posted: 03/29/10 04:16 PM

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I'd be a lot more interested if they were paying out their cash in dividends. Instead they're buying back stock, a stupid Wall Street gimmick that provides exactly zero value to shareholders.

 


Author: doski [4736] (Trolls for proles)

Posted: 03/29/10 04:18 PM

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We'll see. The company isn't doing well. They closed a lot of stores and sales are negative 5% L12M after growing 20% a year for 15+ years. They are saturated in the US and only real growth opportunities are abroad. You have to make some very generous assumptions to achieve a valuation over $17 bucks.

 


Author: Atticus [4334]

Posted: 03/29/10 04:30 PM

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You're right, but the stock has always been expensive relative to earnings. It can remain overvalued indefinitely unless the market starts valuing the company differently.

 


Author: doski [4736] (Trolls for proles)

Posted: 04/01/10 04:56 PM

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I know you know that just because something has been always been "expensive to earnings" does not mean it will always be so.

Obama hates freedom.


 


Author: Atticus [4334]

Posted: 04/05/10 12:30 PM

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That's why I said "unless the market starts valuing the company differently."

 


Author: Gibbs7 [5224] (*picks feet in Poughkeepsie*)

Posted: 04/21/10 11:12 PM

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Author: doski [4736] (Trolls for proles)

Posted: 07/08/10 11:16 PM

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It shot up after I posted this, only to fall back to around $25. COME ON FAIL YOU SHITTY COMPANY.

 


Author: Atticus [4334]

Posted: 04/01/10 09:53 AM

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At the market open I invested ~$5,700 I had sitting in a Roth IRA. $2K+ in Brazil ETFs (evenly split between EWZ and BRF, a large-cap and small-cap fund respectively). $2K+ in biotech etfs (even split between XBI and IBB). And I added another $1200 or so to my holding in VWO, an emerging market fund.

All these sectors are hot already, which is too bad. Still, I think they also have the best prospects for long-term growth.


 


Author: /dev/null (some fools just love to perform)

Posted: 06/16/10 07:13 PM

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Seriously thinking about picking up a couple hundred APC if it gets back around 40.

 


Author: 12XU (mostly air)

Posted: 06/16/10 07:43 PM

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buy bp. they're bound to recover.

 


Author: Supe ("can you eat prestige?")

Posted: 06/17/10 03:41 AM

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Aren't you supposed to be stocking SE?

 


Author: 12XU (mostly air)

Posted: 06/17/10 05:28 AM

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i think he's busy try to get dustin to agree to a socking.

dustin's initial acquiescence appears to have been a bluff of sorts.


 


Author: Supe ("can you eat prestige?")

Posted: 06/18/10 04:42 AM

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incomprehensible much? well played.

 


Author: securityeven

Posted: 06/18/10 04:45 AM

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what happened to that dood who was going to short gold when it was at 900? i think it was atticus?

 


Author: /dev/null (some fools just love to perform)

Posted: 07/08/10 11:01 AM

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Long BP @ 33.30

 


Author: doski [4736] (Trolls for proles)

Posted: 07/08/10 08:09 PM

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juicy!

 


Author: /dev/null (some fools just love to perform)

Posted: 07/08/10 08:23 PM

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I'm kicking myself for not grabbing APC at 38 and change a few days ago. Objectively it's still cheap I think, but buying it after a 20% run up off its latest lows is hard.

Contemplating adding RIG tomorrow.


 


Author: /dev/null (some fools just love to perform)

Posted: 07/12/10 06:46 PM

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Watched this all day but haven't sold yet. I'm being greedier than normal here.

(edit) after hours are up to 38.


 


Author: Gibbs7 [5224] (*picks feet in Poughkeepsie*)

Posted: 07/09/10 06:28 PM

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Nice, ex-girlfriend?

 


Author: Intervals on treadmill while watching C-SPAN (austerity now!)

Posted: 07/20/10 10:24 PM

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Contemplating dumping BP at around a 6-7% return given the assets they are selling off. This sucks after being up close to 20%.

RIG seems more compelling after their latest slide.

Anyone else here playing spill equities?


 


Author: doski [4736] (Trolls for proles)

Posted: 07/20/10 10:31 PM

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Love teh new user name.

 


Author: Intervals on treadmill while watching C-SPAN (austerity now!)

Posted: 07/23/10 07:54 PM

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Closed BP @ 37.77 - up 10.4% before commissions. I think there's still more upside here, but its price is a function of the news cycle right now. Currently the cap is holding, there's a storm on the way this weekend and the relief wells are suspended, and earnings are still a little ways off. I don't see much good happening this weekend, or even into next week so I'm going to sit out a while.

RIG meanwhile continues to plummet for no real reason I can see. Only a small percentage of its rigs are in the Gulf, it's going to benefit from the new partnership the other four oil majors announced, and politically it's just a matter of time before the moratorium is lifted. Looks like a screaming buy at 45, but I was thinking that same thing at 50. No position in RIG yet, but I'll almost certainly establish one when it starts to turn upward.


 


Author: Intervals on treadmill while watching C-SPAN (austerity now!)

Posted: 08/03/10 06:17 PM

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Long RIG @ 50.50

 


Author: XO Historian (renada)

Posted: 08/11/10 07:18 PM

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These are smart plays that are underpriced in the long term. Why not branch out into some related sectors, though?

 


Author: Intervals on treadmill while watching C-SPAN (austerity now!)

Posted: 08/11/10 08:01 PM

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My general strategy over the past decade has been to buy large caps that have significant declines in share price over a relatively short period of time. The BP spill is a classic example, and I've been watching BP, APC, DO, and RIG like a hawk since the story broke. I read every piece of news I can about it, and I've been following energy stocks for a few years so I have at least a passing knowledge of the industry.

Right now I think RIG and DO have the most short to intermediate term up-side potential. With the well capped, there's nothing I see coming that is going to lead to a big spike for BP. However, for the drill rig owners, news or rumors about the GOM moratorium being lifted will lead to some price spikes. Beyond that, DO and RIG have PEs of 7 and 6 and are at 5 year lows right now. I'm betting somewhat heavily that they will come back.

What other sectors do you recommend?


 


Author: Intervals on treadmill while watching C-SPAN (austerity now!)

Posted: 08/11/10 05:55 PM

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Long DO @ 51.70

 


Author: Intervals on treadmill while watching C-SPAN (austerity now!)

Posted: 08/24/10 09:00 PM

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Closed RIG @ 50.95 last week on the dip. I'm spooked right now. Keeping trading port in cash except T, VZ, DO, and FSTR.

Contemplating some Oct OTM calls on XOM if it dips again this week.


 



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