How high can the stock market go before a correction?

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  • rkelly110
    BARRELED IN @ SBR!
    • 10-05-09
    • 39691

    #386
    Well, Obama is going to veto the XL. Maybe railway/ trucking stocks? Hershey is a good stock, check it out.
    Comment
    • Big Bear
      SBR Aristocracy
      • 11-01-11
      • 43253

      #387
      whats some of your favorite penny stocks bruh?
      Comment
      • brooks85
        SBR Aristocracy
        • 01-05-09
        • 44709

        #388
        looking at $ACI

        BkofAma just bought a ton, stock has dropped from $35 since assault on coal but it can't get beat up much more.

        Like $HK also long term when oil finds a bottom.




        Hershey definitely is making the right choice switching to better ingredients but they'd have to sell a lot more chocolate bars. I don't think there is much room to run in the short term but should be stable growth this year.
        Comment
        • Bostongambler
          BARRELED IN @ SBR!
          • 02-01-08
          • 35581

          #389
          Originally posted by Bostongambler
          Still buying apple IMho
          If only the sheep would have listened. Lol
          Comment
          • brooks85
            SBR Aristocracy
            • 01-05-09
            • 44709

            #390
            damn apple is down today but no one seems too worried about yellen. Was hoping to get some cheap feb 27calls

            went ahead and bought some, need some action for yellen. feb 27 134calls .60 each
            Comment
            • Bostongambler
              BARRELED IN @ SBR!
              • 02-01-08
              • 35581

              #391
              Looking for aapl to hit 160-165 sometime this year. No hurry.
              Comment
              • Bostongambler
                BARRELED IN @ SBR!
                • 02-01-08
                • 35581

                #392
                Another one I'm on and thinking of adding to is Rite Aid ( RAD),
                Comment
                • Slanina
                  SBR MVP
                  • 01-21-09
                  • 3827

                  #393
                  I'm going to make a thread to track my trades lol. I swing technicals. Shoot for 1-5%.
                  Comment
                  • brooks85
                    SBR Aristocracy
                    • 01-05-09
                    • 44709

                    #394
                    ^do it


                    there we go, feb 27 calls up 25%


                    doing to get some $dis feb 27



                    lol just asked yellen about auditing the fed, bitch going to drop the market if anyone had half a brain with the answer she just gave

                    Reminds me when I learned about when the opened up FT Knox to the public after way too long. Public comes in and it is "sure have a look at all this pretty gold, just don't actually verify it is real"
                    Comment
                    • ClimbSomeRocks
                      SBR MVP
                      • 11-04-09
                      • 1081

                      #395
                      Originally posted by brooks85

                      there we go, feb 27 calls up 25%


                      doing to get some $dis feb 27


                      "
                      I'm new to the market, what exactly do calls being up mean, also, are you saying you are waiting until feb 27 to buy?
                      Comment
                      • boomer62
                        SBR MVP
                        • 09-10-11
                        • 1500

                        #396
                        Originally posted by brooks85
                        ^do it


                        there we go, feb 27 calls up 25%


                        doing to get some $dis feb 27



                        lol just asked yellen about auditing the fed, bitch going to drop the market if anyone had half a brain with the answer she just gave

                        Reminds me when I learned about when the opened up FT Knox to the public after way too long. Public comes in and it is "sure have a look at all this pretty gold, just don't actually verify it is real"
                        I know, thought that was very telling. They would realize how broke we are and how in debt and btw most of the Gold is in China now.
                        Most telling is the real unemployment rate is really 11.3% that she admitted too, not the bullshit Obama spin on how great the economy is and what he has done lowering the unemployment rate to 5.7.
                        Comment
                        • jjgold
                          SBR Aristocracy
                          • 07-20-05
                          • 388179

                          #397
                          Many think economy not doing great although numbers say different' who really knows
                          Comment
                          • muldoon
                            SBR MVP
                            • 01-04-10
                            • 4397

                            #398
                            Originally posted by boomer62
                            Most telling is the real unemployment rate is really 11.3% that she admitted too, not the bullshit Obama spin on how great the economy is and what he has done lowering the unemployment rate to 5.7.
                            What was the "real" unemployment rate in 2007-2009 then?
                            Comment
                            • brooks85
                              SBR Aristocracy
                              • 01-05-09
                              • 44709

                              #399
                              Lol muldoon to obama's rescue like a lonely puppy, comical how predictable you are. Question; are you black, is that why support Obama so much?


                              Originally posted by ClimbSomeRocks

                              I'm new to the market, what exactly do calls being up mean, also, are you saying you are waiting until feb 27 to buy?
                              By being "up" I literally meant the value of my contract went up 25% so if I bought an option and it was 1.00 per contact, now it is just worth $1.25 per. 1 option contract controls 100 shares of stock.

                              The feb 27th is expiration date. Options have expiration date and by that day something has to be done. Either buy, sell or exercise the contract.

                              So I bought $aapl feb 27 134 calls at .60 per conract, by feb 27th the trading price of Apple will determine everything and I have to make a decision. Lets say Apple's price goes down to 130, well value of my contract will plummet because the expiration date is 27th this week and I called for 134. Come this Friday if it isn't close and the day comes to an end your contract could be nothing because no one is going to want to buy it. You could have $1000 contract be worth .01cents

                              On the other hand, lets say apple is 136 by friday, since I have 134 calls their value to everyone else will be worth a lot more. I could either sell for profit or exercise the option.\

                              And just to be clear, I don't have to wait until feb 27th, I can sell or exercise sooner but feb 27th is the latest expiration date to do anything with the contract.
                              Comment
                              • muldoon
                                SBR MVP
                                • 01-04-10
                                • 4397

                                #400
                                Originally posted by brooks85
                                Lol muldoon to obama's rescue like a lonely puppy, comical how predictable you are. Question; are you black, is that why support Obama so much?
                                I might disagree with you about most everything here (it's obvious you're a racist etc) - but I definitely like your insight into the market and am on the disney train and others. So for that, I thank you.

                                Not black. Idaho white (as some used to say where I grew up).

                                The fact that you interpret what I said as a defense of Obama is a stretch. I'm entirely in favor of revealing what the true unemployment number is (if that's even possible the way it's calculated). When I visited a friend in Ohio back in 2009, the "feel" there was that the unemployment rate (not underemployed, ACTUAL can't find a job unemployed) was in the 25% range (great depression type stuff). It's still bad, but the overall feeling there (from him - which is anecdotal) is that things are better. Not great, but in his own community, the measurement of people using food donation charities etc has dropped (with could be interpreted as people's own situations improving)

                                2 things.

                                If the metric is changed - it needs to be noted as to when and why. (especially if it's used politically. ie: If Obama is going to brag up a 3% drop in unemployment - but his admin changed the way #'s are calculated in 2011, then it needs to be noted each time)
                                It needs to be applied across years to get a true measurement.
                                Comment
                                • brooks85
                                  SBR Aristocracy
                                  • 01-05-09
                                  • 44709

                                  #401
                                  hmm if you say so, always seems like you're defending him but it doesn't matter. No reason to get political in this thread anyways so my bad. There is no doubt the unemployment metric was a lie well before Obama took over.

                                  Glad to hear you're on disney, if nothing changes with the fed by the time Avengers comes out stock is going up. Disney has a sweet track record leading up to their major releases; and this one is predicted to be biggest movie all time at least until Star War VII

                                  shit, just got back home and when I left things were looking good. Now I'm hearing negative talk like fed is going to say they are going to raise rates next month, seems high unlikely. Whenever they do announce, will be time to buy more financials. I already own a few plus $XLF
                                  Comment
                                  • brooks85
                                    SBR Aristocracy
                                    • 01-05-09
                                    • 44709

                                    #402
                                    Originally posted by ClimbSomeRocks
                                    I'm new to the market, what exactly do calls being up mean, also, are you saying you are waiting until feb 27 to buy?
                                    AAPL (Weekly) Feb 27 2015 134 Call 3 Option 0.24 195.00(<what i="" paid="" for="" contracts)<="" td=""></what>
                                    ^what i
                                    paid
                                    69.00(
                                    curent
                                    value<current value)<="" td=""></current>
                                    -52.75% -126.00 -64.62%

                                    so went from up 25% to down 60%+ in no time. I have no doubt I would have sold for a profit if I could have been home yesterday listening to Yellen yack and the market react. That is the risk, most +ev market in the world right now tho.


                                    and now my disney feb 27calls are at least treating me fine, up 50+%, going to let them run tho, not interested in breaking even.
                                    Comment
                                    • Russian Rocket
                                      SBR Aristocracy
                                      • 09-02-12
                                      • 43910

                                      #403
                                      Does anyone play Biotech here? Is there anything interesting coming up in that sector in the next 2 quarters?
                                      Comment
                                      • brooks85
                                        SBR Aristocracy
                                        • 01-05-09
                                        • 44709

                                        #404
                                        Interesting you say that, from the experts I listen to has me concerned about bubble in biotech. I exited my $mack position recently that I posted about earlier in this thread, not solely because I think there is a bubble, but just because it was up nearly 100% in 6 months and wanted to find something else. The biotech bubble does seem to share a lot to the dotcom bust, tons of companies and no profits. A lot of these biotechs just have compounds they own, nothing close to real yet.

                                        With all that said I recently bought in the past couple weeks. They make some very interesting stuff

                                        $XON(13%, real faith in) and $SYN(up 20%, penny stock so we shall see )

                                        $xon I've been convinced they have a real future with what they are making. DNA and genetics are only scratching the surface and that is their main game.

                                        Intrexon Corporation, a biotechnology company, operates in the synthetic biology field. Synthetic biology is a discipline that applies engineering principles to biological systems. The company designs, builds, and regulates gene programs, which are DNA sequences that consist of key genetic components using its proprietary and complementary technologies. Its proprietary and complementary technologies comprise UltraVector gene design and fabrication platform, which is an integrated suite of tools comprising DNA construction technology and components, cellular and protein engineering tools, computational models, and statistical methods; Cell systems informatics, a bioinformatics software and database systems for mapping cellular pathways, as well as its computational modeling and simulation platform; LEAP, a proprietary laser-enabled analysis and processing technology; and mAbLogix, a proprietary antibody discovery platform that enables production of B-cell libraries for discovery of antibodies. It has collaborations with ZIOPHARM Oncology, Inc.; Elanco, Inc.; Fibrocell Science, Inc.; Oragenics, Inc.; Synthetic Biologics, Inc.; AquaBounty Technologies, Inc.; AmpliPhi BioSciences Corp.; Genopaver, LLC; and Soligenix, Inc. The company was formerly known as Genomatix Ltd. and changed its name to Intrexon Corporation in 2005. Intrexon Corporation was founded in 1998 and is based in West Palm Beach, Florida.


                                        That ultravector service is what I really like about them for stable growth on top of their own gene/dna research and design.
                                        Comment
                                        • jjgold
                                          SBR Aristocracy
                                          • 07-20-05
                                          • 388179

                                          #405
                                          Buying call options is defined risk but the odds are against you being successful unless you have inside info

                                          good thread though
                                          Comment
                                          • Russian Rocket
                                            SBR Aristocracy
                                            • 09-02-12
                                            • 43910

                                            #406
                                            Originally posted by brooks85
                                            Interesting you say that, from the experts I listen to has me concerned about bubble in biotech. I exited my $mack position recently that I posted about earlier in this thread, not solely because I think there is a bubble, but just because it was up nearly 100% in 6 months and wanted to find something else. The biotech bubble does seem to share a lot to the dotcom bust, tons of companies and no profits. A lot of these biotechs just have compounds they own, nothing close to real yet.

                                            With all that said I recently bought in the past couple weeks. They make some very interesting stuff

                                            $XON(13%, real faith in) and $SYN(up 20%, penny stock so we shall see )

                                            $xon I've been convinced they have a real future with what they are making. DNA and genetics are only scratching the surface and that is their main game.

                                            Intrexon Corporation, a biotechnology company, operates in the synthetic biology field. Synthetic biology is a discipline that applies engineering principles to biological systems. The company designs, builds, and regulates gene programs, which are DNA sequences that consist of key genetic components using its proprietary and complementary technologies. Its proprietary and complementary technologies comprise UltraVector gene design and fabrication platform, which is an integrated suite of tools comprising DNA construction technology and components, cellular and protein engineering tools, computational models, and statistical methods; Cell systems informatics, a bioinformatics software and database systems for mapping cellular pathways, as well as its computational modeling and simulation platform; LEAP, a proprietary laser-enabled analysis and processing technology; and mAbLogix, a proprietary antibody discovery platform that enables production of B-cell libraries for discovery of antibodies. It has collaborations with ZIOPHARM Oncology, Inc.; Elanco, Inc.; Fibrocell Science, Inc.; Oragenics, Inc.; Synthetic Biologics, Inc.; AquaBounty Technologies, Inc.; AmpliPhi BioSciences Corp.; Genopaver, LLC; and Soligenix, Inc. The company was formerly known as Genomatix Ltd. and changed its name to Intrexon Corporation in 2005. Intrexon Corporation was founded in 1998 and is based in West Palm Beach, Florida.


                                            That ultravector service is what I really like about them for stable growth on top of their own gene/dna research and design.
                                            Yup agree, DNA and genetics is going to be the future. I did some consulting work back in a day for a company that was a pioneer in whole genome sequencing. Back then they've straggled to raise cash simply because their product was too expensive for the end-consumer, plus there were zero regulations in place on how to handle DNA tests, so they initially had to jump through many hoops in each State to even get the product on the market. Eventually they ran out of money and ended up selling themselves for cheap to one of the top molecular diagnostic companies.

                                            It is different now though...this whole industry will be the future in my opinion.

                                            Thanks for the tip on those tickers!
                                            Comment
                                            • brooks85
                                              SBR Aristocracy
                                              • 01-05-09
                                              • 44709

                                              #407
                                              lol this is why you can make money just having your tv tuned to the right channel all day; I watch a lot of CNBC and guy on there named Dan mentioned yesterday how $CRM hired metallica for their earnings event today. He had some sound logic as to why you should buy, no way a company is going to hire Metallica if they bombed on their numbers. They are up 10% afterhours after they reported their numbers today.
                                              Comment
                                              • boomer62
                                                SBR MVP
                                                • 09-10-11
                                                • 1500

                                                #408
                                                The biotech companies to keep an eye on are the ones involved in marijuana and cannabinoids,this is the future!! More and more scientific research is coming out on the benefits of the pain relieving properties and treatment of cancer patients,and many other ailments including epilepsy,diabetes,etc.
                                                More states will put into law and legalize the dispensing for medicinal purposes and will be offered with new dispensing methods in the forms of topicals,sprays, patches , etc. There are a handful of biotech companies working on bringing new products and different therapies that use this CBD oil from marijuana after FDA approval to market.
                                                Great industry to invest in!
                                                Comment
                                                • brooks85
                                                  SBR Aristocracy
                                                  • 01-05-09
                                                  • 44709

                                                  #409
                                                  anyone see that douchebag collin on cnbc yesterday, talking about smartphone market is going to slow down and apple is going to drop. Moments later lemmings started selling lol
                                                  Comment
                                                  • boomer62
                                                    SBR MVP
                                                    • 09-10-11
                                                    • 1500

                                                    #410
                                                    Guy on CNBC on Santelli exchange, love Rick, says that last year the US economy LOST 2 MILLION JOBS, yet the Govt. and this administration is reporting we added a million jobs. Just another case where our GOVT misleads THE MASSES and people are ignorant. Why the Fed keeps refusing to raise rates.
                                                    Comment
                                                    • brooks85
                                                      SBR Aristocracy
                                                      • 01-05-09
                                                      • 44709

                                                      #411
                                                      yeah Rick is great, afraid he is going to have a stroke/heart attack on the air one day eventually but he is 100% right to be infuriated by all this.
                                                      Comment
                                                      • jjgold
                                                        SBR Aristocracy
                                                        • 07-20-05
                                                        • 388179

                                                        #412
                                                        Somethings just not right in the economy

                                                        I VIX index is getting lower which is strange

                                                        I still think the markets going to crash
                                                        Comment
                                                        • brooks85
                                                          SBR Aristocracy
                                                          • 01-05-09
                                                          • 44709

                                                          #413
                                                          Originally posted by jjgold
                                                          Somethings just not right in the economy

                                                          I VIX index is getting lower which is strange

                                                          I still think the markets going to crash
                                                          not going to happen

                                                          Market will "crash" when Russia and Ukraine finally comes to a head. At that point you have a buying opportunity because market will recover.
                                                          Comment
                                                          • brooks85
                                                            SBR Aristocracy
                                                            • 01-05-09
                                                            • 44709

                                                            #414
                                                            and apple goes green, have to act like a noble gas to trade call options, can't react. My calls almost doubled on Tuesday, down near 30% today before I stopped looking lol, and now back up. Betting at SBR has truly made me a better investor and especially trader, have to forget the noise and ignore your urges just like a good gambler. Best part is, most +ev market in the world. Until europe starts QE!! man I can't wait for another bull market run.
                                                            Comment
                                                            • hockey216
                                                              SBR MVP
                                                              • 08-20-08
                                                              • 4583

                                                              #415
                                                              S&P500 is up over 6% the last 6mos, since when you first advised to sell, centaur.

                                                              you can keep selling, and never get back in.

                                                              i'll buy and hold for 30 years.

                                                              who you think gonna do better?

                                                              Comment
                                                              • hockey216
                                                                SBR MVP
                                                                • 08-20-08
                                                                • 4583

                                                                #416
                                                                Originally posted by jjgold
                                                                Somethings just not right in the economy

                                                                I VIX index is getting lower which is strange

                                                                I still think the markets going to crash
                                                                why will it crash?

                                                                when will it crash?

                                                                do you ever buy back?

                                                                how long do you sit on the sidelines before you buy back in?

                                                                Sitting on the sidelines lost investors $200 Billion in unrealized gains over the last 5 years.

                                                                Maybe they did save a few bucks selling when down 20 instead of 40... but the problem with this strategy is you also have to be right about when to get back in.

                                                                People take the first step (selling out of paranoia) and regardless of whether they are right or wrong, they sit on the sidelines for years(!) which has a fortune in expected value of gain.

                                                                You might be wrong of when to get back in, which is the big problem, and why retail investors average only 2.5% over the long term, relative to institutions (never sell - hold long term) which average 8%.

                                                                Trying to time the market causes you to get 2.5% long term, instead of 8%.

                                                                Investors react too heavily to short term fluctuations, which cripple them long term.

                                                                Don't do it. Even if you're right short term, you will never be able to guess right time about when to get back in, which will make you join the statistic ($200 Billion in unrealized gains from people who thought market was going to crash and sat on sidelines).

                                                                A survey of the CFO's of companies in the S&P500 showed that even Wall St's leading Chief Financial Officers are wrong about judging where markets going to go.

                                                                Market is volatile short term. Who cares? even if dips it always bounces back.

                                                                you have it backwards. Just because goes up doesnt mean will go down, when you should be saying, when goes down will correct back up.

                                                                market goes to infinity long term.

                                                                dont care about what happens short term.

                                                                always keep buying, and always keep holding.

                                                                That will make you get 8-10% average componding long term instead of 5%, or the average return of investors, which is only a pathetic 2.5% (yuck).

                                                                I'll take 8-10% long term. have fun with 2.5%.
                                                                Comment
                                                                • boomer62
                                                                  SBR MVP
                                                                  • 09-10-11
                                                                  • 1500

                                                                  #417
                                                                  Traditionally speaking you are correct HOWEVER we live I a whole new world now. The Fed and Central Bankers printing money all over the world that this is UNPRECEDENT. Lots of uncertainty and lack of confidence. No capital investing going on and Greenspan said its the lowest level since the 40's. So no one knows what will happen, even the brightest of the brightest are being very cautious.
                                                                  Comment
                                                                  • jjgold
                                                                    SBR Aristocracy
                                                                    • 07-20-05
                                                                    • 388179

                                                                    #418
                                                                    Markets are 100% random
                                                                    Nobody in the world knows if the stock will go up or down everybody just guesses
                                                                    Comment
                                                                    • El Nino
                                                                      SBR Posting Legend
                                                                      • 05-03-12
                                                                      • 18426

                                                                      #419
                                                                      It's all about ball bearings these days.
                                                                      Comment
                                                                      • DrunkHorseplayer
                                                                        SBR Hall of Famer
                                                                        • 05-15-10
                                                                        • 7719

                                                                        #420
                                                                        Originally posted by boomer62
                                                                        Guy on CNBC on Santelli exchange, love Rick, says that last year the US economy LOST 2 MILLION JOBS, yet the Govt. and this administration is reporting we added a million jobs. Just another case where our GOVT misleads THE MASSES and people are ignorant. Why the Fed keeps refusing to raise rates.
                                                                        Santelli is an ultra-right moron who acts like a tout; would never listen to anything he says.
                                                                        Comment
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