Official Stock Market & Economy Thread

[nicefro]

Dude, yes SKF is a flipping rocket off to space. And SKY with the way the DOW is looking right now, it's definitely a reality it could dip below 8K. Goodcalls above.

Oh and FAZ > SKF. Ride it to the top, then short it haaaaaaaaaaaaaaard. SKF is mean today.

 

[dey know yayo]

fsys is a great stock, give it a few weeks it may start another big run.

 

[nicefro]

I'll probably let go when the DOW is around 7,700 ~7,500. I don't think it's over.

 

[isoldmysole]

You got a PM, Dey Know Yayo...

 

[nostrandave68]

Can someone advise me on the best online broker for a person looking to invest 2K, im a buy and hold type person not someone trying to make a quick flip. Whichis ideal Sharebuilder, E*Trade, Wells Fargo, Scottrade. Im looking for decent commission fees, great research analysis and low annual fees

 

[truth 15]

What do you guys think about BAC and WFC? WFC at 20 is very tempting and BAC at 8? thats ridiculous so much panic selling and shorting. I'm tempted to buyone of these stocks and see what happens they have to bounce rite?

SKF is ridiculous rite now, so is FAZ. They scare the crap out of me tho because they fluctuate in price so much. I always think a huge sell off is about tooccur. What are your guys' stops at?

 

[foodgoeshere]

Originally Posted by NostrandAve68

Can someone advise me on the best online broker for a person looking to invest 2K, im a buy and hold type person not someone trying to make a quick flip. Which is ideal Sharebuilder, E*Trade, Wells Fargo, Scottrade. Im looking for decent commission fees, great research analysis and low annual fees

try zecco. i'm going to use zecco as a broker and use think or swim for analysis.

 

[dey know yayo]

truth- not yet. financials aren't even that great on the long side on bounces, you have to realize almost all of these institutions are insolvent, if itwerent for bernanke, theyd all be 0s. skf and faz are going up a lot but theyll keep rising until the market bounces at its november lows. dont fight thetrend.

 

[nicefro]

SKF has already met it's average volume with 4 hours left of trading.

 

[dey know yayo]

if the market can bounce at around these levels for the next 3-4 trading days, that would be very healthy for this downtrend. if WFC can bounce, buying puts onit next week will probably be great. breaking its $20 level could spell huge trouble for wells fargo

 

[dey know yayo]

ma ge ir toast

 

[nicefro]

Citigroup, already double it's average volume, the institutional guys are selling off and shorting. Bank of America down 20%.

These companies are dunzo.

 

[nicefro]

Dow will be <8,000 when I get home, SKF show me $165.

 

[dey know yayo]

truth- not yet. financials aren't even that great on the long side on bounces, you have to realize almost all of these institutions are insolvent, if itwerent for bernanke, theyd all be 0s. skf and faz are going up a lot but theyll keep rising until the market bounces at its november lows. dont fight thetrend.

 

[dey know yayo]

truth- not yet. financials aren't even that great on the long side on bounces, you have to realize almost all of these institutions are insolvent, if itwerent for bernanke, theyd all be 0s. skf and faz are going up a lot but theyll keep rising until the market bounces at its november lows. dont fight thetrend.

 

[dey know yayo]

i think we could bounce here into tues/wed

 

[superantigen]

Lunch break is coming to an end on the street so things look like they're picking up again...

Should i get in at SKF NOW or is there gonna be a sell-off at some point in the future where I can get in cheaper...(after inauguration perhaps...)

 

[joe mcknight is ballin]

dont get why are people buying stocks of skf over faz?

 

[finnns2003]

Ge is indeed toast, yikes. Killer day so far

 

[andre3001]

GE approaching November lows... should be interesting to see if it breaks or bounces here.

 

[dey know yayo]

andrew3001- i think GE bounces here but eventually breaks below november lows.

superantigen- wait till after inauguration, youll get a much better fill imo

 

[dey know yayo]

and joe mcknight is right, screw skf, faz is better, rfn second

 

[finnns2003]

odd that jpm is the only bank up

 

[dey know yayo]

jpm released positive earnings... we bounced at 82 like i expected, mid next week well prolly conitnue to sell off again, maybe earlier

 

[finnns2003]

Originally Posted by Dey Know Yayo

jpm released positive earnings... we bounced at 82 like i expected, mid next week well prolly conitnue to sell off again, maybe earlier

ah, got it. for JPM, is this a good long buy? assuming that they are one of the few safe u.s. banks, and have no liability, could they get to40-50 by next year?