Stock jocks, today we ride!

tltaylor89 · 09-01-10, 08:31 AM

Completed my shopping list at the open.

SBR_John · 09-01-10, 08:42 AM

XOM still a buy under 60. I sold off some SPY and a few covered calls but still think we are headed back to the 107-111 range.

Fishhead · 09-01-10, 08:45 AM

I will stick to traditional gambling ventures, but thanks.

milwaukee mike · 09-01-10, 08:52 AM

dumped the 5000 stx i bought for 10.14 yesterday at 10.59 just now

quick and easy $2200

i also like mgpi 6.60 jcp 20.30

good luck all

SBR_John · 09-01-10, 08:53 AM

Crude Oil Oct 10(NY Mercantile: CLV10.NYM)
Last Trade: 73.02
Trade Time: 9:38AM EDT
Change: 1.10 (1.53%

With the market so heavily weighted with oil, this is the number to watch. Correlate USO and SPY on a chart for further proof. Yesterday's rally petered out when crude tanked. The crude rally started in Asia, took a breather in Europe and fired up strong in the US. Good chance that pattern can go another day or two.

milwaukee mike · 09-01-10, 08:58 AM

john do you have any opinion on bp/vlo?

i should probably stay away from those 2 since i usually take a quick beating every time i touch them...

will2survive · 09-01-10, 09:00 AM

is this a stock board...lol--go to investors hub

Bostongambler · 09-01-10, 09:04 AM

eee, xsnx.

tltaylor89 · 09-01-10, 09:13 AM

V and MA calls.

milwaukee mike · 09-01-10, 09:16 AM

Originally posted by will2survive

is this a stock board...lol--go to investors hub

why should we listen to the guy with the gay-looking picture of christian laettner as an avatar?

FreeFall · 09-01-10, 09:31 AM

man looks like I missed the steam upward.

SBR_John · 09-01-10, 09:46 AM

Originally posted by milwaukee mike

john do you have any opinion on bp/vlo?

i should probably stay away from those 2 since i usually take a quick beating every time i touch them...

BP is a buy but of course it could be a while before it regains its true value. I like XOM more because their dividend is completely save and earnings next year look to be very strong.

VLO is headquatered here in my home town. I've owned it many times but not currently. Its a great buy but as the latest downturn showed it is really hit hard when gasoline sales slow. Still, a very well run company that is dirt cheap. I bought their bonds which fell from the A's to BBB's. You probably know there will be no new refinerys built maybe ever with the new regulations. VLO has a strangle hold on that market as well as refinning dirty crude so put them shares under your pillow.

SBR_John · 09-01-10, 09:48 AM

Originally posted by tltaylor89

V and MA calls.

I got some MA and luckily had some aggressive covered calls because its been very weak. But a great company, possibly one of the best picks on the board long term.

Fishhead · 09-01-10, 09:50 AM

WIZARD, I would like to see you invest in some Iowa farmland in the near future................

pavyracer · 09-01-10, 10:36 AM

Will go down after Labor Day. And the day to buy stocks is not the day they climb big. It's the day before.

capitalist pig · 09-01-10, 11:54 AM

Originally posted by SBR_John

XOM still a buy under 60. I sold off some SPY and a few covered calls but still think we are headed back to the 107-111 range.

I bought Exxon back in like 1981, just a 1000 shares at $8 and change, with all the 2-1 and 2-3 splits and re-investing all the dividends over 30 years Ive done very well, and have not sold a share yet.

later

SBR_John · 09-01-10, 04:03 PM

Originally posted by capitalist pig

I bought Exxon back in like 1981, just a 1000 shares at $8 and change, with all the 2-1 and 2-3 splits and re-investing all the dividends over 30 years Ive done very well, and have not sold a share yet.

later

You are a smart man. I can't even begin to imagine how much money I would be worth if I just bought, and never sold.

sportsfanatic · 09-01-10, 05:19 PM

Originally posted by capitalist pig

I bought Exxon back in like 1981, just a 1000 shares at $8 and change, with all the 2-1 and 2-3 splits and re-investing all the dividends over 30 years Ive done very well, and have not sold a share yet.

later

if you ever sell, the capital gains tax will be CRAZY! LOLLLLLLLL

SBR_John · 09-02-10, 08:19 AM

Looks like a higher open with the pre market up but with oil trading off .60 this looks to me like an opening bell rally only and then some back and fill action to digest yesterdays gains.

jjgold · 09-02-10, 08:42 AM

It's suicide right now
Market is only insider traders

SlickFazzer · 09-02-10, 11:22 AM

C
GS
MCD
CAT
WWE

Invest $100 a month into each, reinvest the divdends and be very happy in the year 2020.