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.
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Any good mutual funds out there for fidelity? That is where I have my 401k...Comment -
I advise everyone to avoid the corrupt stock market............this includes you WIZARDComment -
If they will let you, just buy the SPY at 119+. That is the SnP 500.Originally posted by jose21_usComment -
stock market is one of the things wrong with the world, its the rich feeding the rich, take from everyone elseComment -
All I hear in this thread: bippity boppity...boppity bloopidty.
Know NOTHING about the stock marketComment -
Dec usually is a good month, if Europe can get some ++ news cash could be madeComment -
I knew with dumpster dive in the title,Fishhead would be a 1st responder.............
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How's BkofAma doing?
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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.Comment -
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.Originally posted by Golokhov
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.Comment -
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?Comment -
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.
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I don't own stocks. I trade. TNA/TZA, SOXL/SOXS, FAS/FAZ, UCO/SCO, DAG/AGA.Comment -
MCP should double within 9 months.Comment -
Short the shit out of JPM.Comment -
Originally posted by BIGDAYHow's BkofAma doing?
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.Comment -
[COLOR=#000000 !important]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]stock market is one of the things wrong with the world, its the rich feeding the rich, take from everyone else[/color]
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[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]
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[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]
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[COLOR=#000000 !important]TTWarrior, you must be a liberal democrat.[/color]
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I don't buy stocks until lemart5 tells me too.Comment -
JP Morgan Chase & Co. Common St
(NYSE: JPM )
Real Time 30.82 Up 2.26 (7.91%) 3:35PM EST
Thread got awful quiet.Comment -
Originally posted by jjgoldexactly what happened..grinded back all loses from past 2 weeksand got out
no position as of right nowComment -
BAC is still a buy. Like I've said it'll be at $7 again soon enough.Comment -
Originally posted by SBR_John
And it was $36 a month ago, $40 4 months ago, and $48 6 months ago.
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Were you one theOriginally posted by Dutch who said to buy BAC at $6 weeks ago?
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Originally posted by jarvolWere 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.Comment -
rich feeding the rich taking from those that can't invest.Comment -
Originally posted by ttwarrior1
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?Comment -
Insiders play games with market
little guys lose all the timeComment -
Originally posted by sideloaded
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.Comment -
Of course they rose on the day... They have massive exposure to European debt.Originally posted by SBR_John
Are you selling today? You should be.
I wouldn't exactly call a one day rally a success with a "long term grab."Comment -
gotta admit, didn't expect what happened today. i still think europe is no where near even close to solving their problem.Comment -
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.
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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.Comment
