1. #1
    SBR_John
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    Time to dumpster dive in the stock market

    Was thinking the SPY could get down to the 109-110 area where it was a major buy a year ago. It made it to 116 but a 3 point jump today has it back at 119. We probably will not see that 110 base. A lot of great buys in here. Long term guys should grab non technology beat downs such as JPM, MS, XOM, KO, DIS. Traders should grab AMZN, GOOG, V.

  2. #2
    jose21_us
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    Any good mutual funds out there for fidelity? That is where I have my 401k...

  3. #3
    Fishhead
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    I advise everyone to avoid the corrupt stock market............this includes you WIZARD

  4. #4
    SBR_John
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    Quote Originally Posted by jose21_us View Post
    Any good mutual funds out there for fidelity? That is where I have my 401k...
    If they will let you, just buy the SPY at 119+. That is the SnP 500.

  5. #5
    ttwarrior1
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    stock market is one of the things wrong with the world, its the rich feeding the rich, take from everyone else

  6. #6
    WvGambler
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    All I hear in this thread: bippity boppity...boppity bloopidty.

    Know NOTHING about the stock market

  7. #7
    jjgold
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    Dec usually is a good month, if Europe can get some ++ news cash could be made

  8. #8
    PAULYPOKER
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    I knew with dumpster dive in the title,Fishhead would be a 1st responder.............

  9. #9
    BIGDAY
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    How's BkofAma doing?

  10. #10
    Golokhov
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    Love Disney - I personally would stay away from any and all banks as we don't know their exposure to Europe, but Disney is a great long term play. Their fundamentals are very strong and right now, they are getting thrown into the garbage pile with everything else.

    Any play against the Euro - or Italy - collapsing makes a lot of sense too.

  11. #11
    SBR_John
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    Quote Originally Posted by Golokhov View Post
    Love Disney - I personally would stay away from any and all banks as we don't know their exposure to Europe, but Disney is a great long term play. Their fundamentals are very strong and right now, they are getting thrown into the garbage pile with everything else.

    Any play against the Euro - or Italy - collapsing makes a lot of sense too.
    You can't go wrong with JPM long term. The financial meltdown has priced this baby at below liquidation value and they pay nearly a 4% dividend.

    How is BAC? Jeez how about AMZN I recommended at 120 or MA at 260 or SBUX at 26 or SPY at 32? Cherry picking my loser, well ok.

  12. #12
    jarvol
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    This is like the thread a few months ago when you advised the BAC $10 calls were a steal. Just stop. JPM has lost 40% of its value in the last 6 months when others kept saying it was cheap and a long term buy when it was trading at book value. Now it trades at 2/3 of book value. What are you gonna say when it trades at 1/2 of book value?

  13. #13
    SBR_John
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    I believe I said bac was a trade at 8 and a couple of weeks later thanks to Buffet buying in it was at 9. Unless you wrote in invisible ink I didn't see you comment on winners I mentioned.

    As for JPM, all the finacials carry risk in this environment. This is a great money making operation that is aggressively buying back stock and pays a great dividend. But I wouldn't own jpm unless I also owned the other stocks I mentioned. You are free to post your favorite stocks.

  14. #14
    jarvol
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    I don't own stocks. I trade. TNA/TZA, SOXL/SOXS, FAS/FAZ, UCO/SCO, DAG/AGA.

  15. #15
    Balco10
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    MCP should double within 9 months.

  16. #16
    MonkeyF0cker
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    Short the shit out of JPM.

  17. #17
    FindTheLock
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    Quote Originally Posted by BIGDAY View Post
    How's BkofAma doing?
    https://www.google.com/finance?client=ob&q=NYSE:BAC

    man a few years ago they dipped to 6 and jumped to 18, but I don't think that's going to happen this time.

  18. #18
    andywend
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    [COLOR=#000000 !important]
    [COLOR=#000000 !important]stock market is one of the things wrong with the world, its the rich feeding the rich, take from everyone else[/color]
    This is another thing that people say who have FAILED in life. Please explain exactly how the stock market feeds the rich but takes from the poor.
    [/color]
    [COLOR=#000000 !important][/color]
    [COLOR=#000000 !important]Anyone can buy or sell whenever they feel the time is right. Nobody forces you to do anything and the choices are totally up to you.[/color]
    [COLOR=#000000 !important][/color]
    [COLOR=#000000 !important]While there is plenty of corruption in the stock market, the rich get fleeced far more often than the poor because the poor can't afford to invest in the market.[/color]
    [COLOR=#000000 !important][/color]
    [COLOR=#000000 !important]TTWarrior, you must be a liberal democrat.[/color]
    Last edited by andywend; 11-30-11 at 12:48 AM. Reason: SBR John, I left all the "color" clutter. Why can't SBR fix this bug?

  19. #19
    sideloaded
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    I don't buy stocks until lemart5 tells me too.
    Points Awarded:

    lemart5 gave sideloaded 2 SBR Point(s) for this post.


  20. #20
    SBR_John
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    JP Morgan Chase & Co. Common St
    (NYSE: JPM )

    Real Time 30.82 Up 2.26 (7.91%) 3:35PM EST

    Thread got awful quiet.

  21. #21
    jjgold
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    Quote Originally Posted by jjgold View Post
    Dec usually is a good month, if Europe can get some ++ news cash could be made
    exactly what happened..grinded back all loses from past 2 weeksand got out
    no position as of right now

  22. #22
    Dutch
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    BAC is still a buy. Like I've said it'll be at $7 again soon enough.

  23. #23
    jarvol
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    Quote Originally Posted by SBR_John View Post
    JP Morgan Chase & Co. Common St
    (NYSE: JPM )

    Real Time 30.82 Up 2.26 (7.91%) 3:35PM EST

    Thread got awful quiet.

    And it was $36 a month ago, $40 4 months ago, and $48 6 months ago.

  24. #24
    sideloaded
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  25. #25
    jarvol
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    Quote Originally Posted by Dutch View Post
    BAC is still a buy. Like I've said it'll be at $7 again soon enough.
    Were you one the who said to buy BAC at $6 weeks ago?

  26. #26
    PAULYPOKER
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  27. #27
    Dutch
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    Quote Originally Posted by jarvol View Post
    Were you one the who said to buy BAC at $6 weeks ago?

    Yeah. And said sell at $7. Which I did.

    And then a few weeks ago I said buy it again at $6, I bought it at $6 and I kept buying it down to $5.23.

    Closed at $5.07 yesterday, closed at $5.42 today. I'm averaged in at about $5.65 or so. Just waiting for a few good days in a row and sell it at $7 again.

  28. #28
    ttwarrior1
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    rich feeding the rich taking from those that can't invest.

  29. #29
    Dutch
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    Quote Originally Posted by ttwarrior1 View Post
    rich feeding the rich taking from those that can't invest.

    Why can't somebody invest? They've chosen not to learn how? They'd rather buy smart phones and fast food on credit and then pay interest, leaving them broke?

  30. #30
    jjgold
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    Insiders play games with market

    little guys lose all the time

  31. #31
    Dutch
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    Quote Originally Posted by sideloaded View Post

    In a down year, BAC stock is down. Imagine that.

    Some people see a sinking ship, some people see a cheap stock. I know what kind of person I am.

  32. #32
    MonkeyF0cker
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    Quote Originally Posted by SBR_John View Post
    JP Morgan Chase & Co. Common St
    (NYSE: JPM )

    Real Time 30.82 Up 2.26 (7.91%) 3:35PM EST

    Thread got awful quiet.
    Of course they rose on the day... They have massive exposure to European debt.

    Are you selling today? You should be.

    I wouldn't exactly call a one day rally a success with a "long term grab."

  33. #33
    sportsfanatic
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    gotta admit, didn't expect what happened today. i still think europe is no where near even close to solving their problem.

  34. #34
    jarvol
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    At 8:30am today Ben Bernanke saved a European bank(s) from failing over the upcoming weekend. Rejoice.....and buy some more BAC $10 calls.

  35. #35
    ItemB
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    Does anybody know anything or practice the infinite banking systems or bank on yourself deals? It has to do with whole life insurance dont know a whole lot about it myself, been looking more and more into though.

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