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2010 2011 BMW 5 Series Forum F10 Stock market tips and experiences |
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01-22-2008, 10:21 PM | #45 | |
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Anyways, I hope you know how to sell short, because if all you know is to go long, you are in a world of hurt. The government can only pull so many of their rabbits out of a hat, after they are all out the stock market is going to drop like a rock. Stocks aren't meant to go up forever and with all of these cuts, they are just going to make the correction even heavier. I start trading again tomorrow. It's kind of hard for me because I have school from 9:30-1:30 every day... -Nathan
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01-23-2008, 02:54 AM | #46 |
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01-23-2008, 03:04 AM | #47 |
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Learn to go short or go long on the Ultrashort ETFs
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01-23-2008, 03:40 AM | #48 |
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Yes they are and they always will. It will drop sure, but it will go back up, maybe not tomorrow but eventually. Unless that's what you meant.
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01-23-2008, 05:07 AM | #50 | |
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International is down as well. But US hit bottom and i just got news that the USD will og down as well 2 - 3 weeks more. The help from FED will not last more then a couble of weeks. They have to do it again and this will end up in 3,25pct - not good for you boys. Good for our export marked in Europe. Big change is that many Chinese manufactors now demands to get their money in Euro instead of USD. Thay have been loosing money over short terms. From order to delevery the USD eats up their profit. (i had 3 calls this morning concerning this matter) Dow Jones and Nasdaq went down. C20 ended up in +. But you cant trust that - it will properly go down again. The emergency brake FED did will not last and will for sure have negative influence on other markets. Average i lost 20USD on each share in US companies yesterday. So.... sell, sell, sell, sell....
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01-23-2008, 02:10 PM | #51 | |
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Like us, they also don't have any 'real' currency such as gold to back it up. Me and my dad we're talking about this last night.. It doesn't matter what they have the currency in, when the U.S. and other major countries currency drops in value, it will drag everyone else down with them. -Nathan
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01-23-2008, 02:41 PM | #53 | |
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01-23-2008, 02:50 PM | #54 |
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AAPL took a nice dump
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01-23-2008, 05:35 PM | #55 |
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Yes - its locked to doller. Thats why they will have their payment in Euro when they sell to Europa now. But the party was short. We got our items cheaper and cheaper from China but then they startet to increase prices.
The dollor got to low.
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01-23-2008, 05:49 PM | #56 |
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Well...Wed, Day Two. Weee Dogie... Market was hurting most of the morning then powered up higher 200+ pts. Looks like the funds, MBA crew crunched the numbers and gave the green light. Nice little 500 pt turn.
check that, just above 600 pt range...bet there was some short squeeze in there. Wonder how the internationals faired?
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01-23-2008, 05:57 PM | #57 | |
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01-23-2008, 06:03 PM | #58 |
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Note most all Ultras can only long.
For others, Ultras are Exchange Traded Funds that trades higher when the underlying sector moves lower...such that they have an inverse relationship, and some have a 2x or 200% inverse relationship (some are 200% of the underlying sector, almost like a free margin of 2x your account). These are good to buy in descending trends in qualified only accounts, such as IRAs...where you can only buy or go long in these accounts.
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01-23-2008, 06:05 PM | #59 |
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I bought it at $38/share. I rode it all the way up to $202/share. Now I'm riding it all the way down and hopefully all the way back up to $300/share.
Just in the past two days alone I'm down $2,400. I sure hope AAPL and DELL pick back up again. |
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01-23-2008, 06:09 PM | #60 | |
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01-23-2008, 06:27 PM | #61 | |
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Long haul they always go up. Short haul it's all over the place. Economic cycles are unavoidable and the sign of a healthy market.
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01-23-2008, 07:27 PM | #62 |
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If they drop a bit more I might buy AAPL big.
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01-23-2008, 07:31 PM | #63 |
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01-24-2008, 12:29 AM | #64 | |
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-Nathan
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01-24-2008, 02:07 AM | #65 | |
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No matter, the recession isn't over yet, nor have we hit bottom. What financial website do you write for?
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