How high can the stock market go before a correction?

[kidcudi92]

Retail always in for the long haul kid

meh...agree and disagree...lots of older folks use stops with no risk tolerance

[kidcudi92]

ok, so what's your point? That has nothing to do with this. Yes, I guess they are both IPOs. That is where the correlation ends though.

IPOs are risky business, gl though hope you make monieeeessss

[jarvol]

still holding strong

30 Year Treasuries keep going up

So from Aug. 6th.....you are what flat on treasuries and down 5% on oil? Excellent job dumbass. Could have made 15% in FAS. Don't fight the FED clown.

[jjgold]

Larval don't call me out or you might see me on your front grass with no shirt on wanting to fight

[kidcudi92]

Larval don't call me out or you might see me on your front grass with no shirt on wanting to fight

I'm with you on fighting the fed JJ, fukk em

[ItsMeMrMattE]

anyone on here picking up baba to ride the hype for a quick flip or is everyone that's getting it holding on?

[jjgold]

You still cannot go wrong selling calls on Stocks and selling puts on futures

[brooks85]

anyone on here picking up baba to ride the hype for a quick flip or is everyone that's getting it holding on?

long haul without a doubt. It's funny watching cnbc right now, they are covering the opening live and sounds like there is not many sellers. Early indication is 80-83 at the opening.

[Bostongambler]

That Ma guy sure is printing money

[ItsMeMrMattE]

up to as high as 85 now.

[brooks85]

yeah, just heard that 82-85 and sellers around 90. Looks like I'll be sitting this out, hopefully there is a nice selloff at 90.

84-87 now

[ItsMeMrMattE]

opener speculation still rising. how much is this jack ma guy worth?

[Russian Rocket]

opener speculation still rising. how much is this jack ma guy worth?

he owns 8.8% of the company
at $81.14 per share Alibaba is worth $200 billion - easy math

[biggie12]

Bought it at $82 now sit and watch my money grow

[mcdonae101]

when was it at 82?

[Bostongambler]

Baba at 92 now

[biggie12]

92*

[jjgold]

I think we are getting closer

It should be starting in the next few weeks

[Bostongambler]

Ok that makes more sense Biggiesmalls. 68 Ipo. Buy in at 92.

Good luck

[Bostongambler]

I think we are getting closer

It should be starting in the next few weeks

See what? A correction?

[Bostongambler]

Some would argue the dip off the dime was all we will see.

Good luck

[Bostongambler]

Still buying apple IMho

[Bostongambler]

Verizon as well. Plus pay a good dividend

[jjgold]

Starting in about two weeks you'll start to see a little bit of a correction

I know guys a PaineWebber

[jarvol]

Bought it at $82 now sit and watch my money grow

Bullshit. The stock opened at $92.70 with a low of $89.95.

[Mac4Lyfe]

Boy did I get fvkkked. I had a buy on the open and Fidelity sat on my order until it hit $99.30. WTF?

I'll be putting in a call to them in the morning but that was awful.

[jjgold]

Fidelity is not a professional trading platform

Better off like a place like sink or swim

[brooks85]

Boy did I get fvkkked. I had a buy on the open and Fidelity sat on my order until it hit $99.30. WTF?

I'll be putting in a call to them in the morning but that was awful.

Did you have a limit order setup? If not, that is often what will happen on an IPO and the truth is your order most likely wasn't even executed by a person if you just entered it in online so no one tried to maliciously get you a bad price. The price just skyrocketed to 99 and the system tried to get you in many times before that but failed so it got you in as soon as it could. That's the bad news, the good news is the difference will be negligible with where this stock is going.

[hockey216]

corrections dont just happen because "the market is up"... they happen for a reason (particular asset class is overvalued)

the real question is,

why would it correct?

[hockey216]

S&P is trading at about 20 times pe. Nasdaq 23. Russell around 60 - 70

s&p500 at 17.5x pe

russell is 19.5x pe

65x p/e?

lol do you just invent numbers?

[hockey216]

if you think markets gonna tank, want the upside, but 100% protection on the downside, buy an annuity.

just buy insurance on your equity portfolio and have peace of mind.

[The Kraken]

Where is NYSportsguy? That guy is a market guru

[Mac4Lyfe]

Nope, I didn't have a limit order because they kept raising the initial offering. I sat there and watched the stock go up in about 4 minutes before that trade went through. While in the meantime, I placed a limit order that went through right away, before my original. WTH? They've got some explaining to do.

I agree, Fidelity's platform is slow as shit. I had something similar happen a few months ago. I usually use other accounts but I had some play money there. They'll nickel and dime you if you don't use limit orders. I'm sure some of it is intentional. How convenient they fill me at $99, stock peaks around $100 then slides to $93 in a matter of minutes.

Did you have a limit order setup? If not, that is often what will happen on an IPO and the truth is your order most likely wasn't even executed by a person if you just entered it in online so no one tried to maliciously get you a bad price. The price just skyrocketed to 99 and the system tried to get you in many times before that but failed so it got you in as soon as it could. That's the bad news, the good news is the difference will be negligible with where this stock is going.

[TEViN-BRADFORD]

Ok I'm ready to play how much should my initial investment be

[guitarjosh]

s&p500 at 17.5x pe

russell is 19.5x pe

65x p/e?

lol do you just invent numbers?

http://online.wsj.com/mdc/public/page/2_3021-peyield.html

No, I go to sources like above. Do you invent numbers?