The Stock Market

how did you do today, lorax?

A month ago I got frozen into one stock because it dipped and I don't want to sell. I've been wishing I could be a day trader, or swing trader even, but my funds are too low for me to do that. I can't even afford to open a margin account.

So yeah, I'm long on a stock that's much lower than what I paid for it. So now I'm waiting 'til sometime between St/ Leger's day and November). I'm still expecting the price I paid to double although it's looking like it might halve itself first.

I have to utmost confidence in my stock, even in this economic time of uncertainty.

*typos

what happens to stocks on st leger's day?

“sell in May and go away, come back on St Leger day”
and in my case there will also be a shareholder's meeting bringing in good news

sounds like an excellent plan

wait a second, that's what you said last night when my plan was not excellent at all!

i know i'm on a downward spiral because i've started mixing drinks without measuring anything and my gameplan for the night is to make a really sweet playlist and drink a lot of water later so i can go to work

― future events are now current events (Z S), Thursday, August 4, 2011 11:14 PM (2 days ago) Bookmark Suggest Ban Permalink

you sound like you have it all figured out

― caek, Thursday, August 4, 2011 11:21 PM

proof is in the pudding

yes but this time it's different because the plan allows for changes on st leger's day. your plan seemed good, but was not a "sure thing".

^caek droppin science.

(he's a scientist, see)

still playing the long game capt?

whoo! let's buy all the way down!

stock market more like crock market am i not incorrect

man this is some craziness

slide whistle

You just gotta buy in when it's low like I did - on Friday ;(

S&P down 6.66% makes you think

stop all this going up and down.

+400 one day, -400 the next, has anyone ever seen it like this? lorax i would like yr input

which way is it gonna go now.

at this rate we'll be back at the mar 09 lows in no time

gas was crazy cheap back then. that's for sure.

Was curious about checking something in connection to that:

1) price of crude oil -- http://www.nyse.tv/crude-oil-price-history.htm
2) price of gas -- http://gasbuddy.com/gb_retail_price_chart.aspx

Oil went down to just over $80 a barrel yesterday; the price of gas (U.S.) according to the graph above was somewhere around $4.70. (I have to go by the chart--here in Ontario, we're running around $1.20-$1.25/litre.) The last time oil was near the $80 level was Sept./Oct. 2007. Price of gas then? Somewhere around $4.00 a gallon. Would be interested to hear Exxon and the rest explain that.

they got kids they gots to put through school.

Oil executives now have 18% more kids.

I don't get things like crazy dip after Fed announcement on interest rates, followed by crazy rise a couple hours later. This seems unmoored from any sense.

What Would Captain Lorax Do?

Terrible start, rebounding for the last couple of hours--obviously excitement over Jeb Hensarling's inclusion in the Super Congress.

I don't get things like crazy dip after Fed announcement on interest rates, followed by crazy rise a couple hours later. This seems unmoored from any sense.

Came across this in a piece about Groupon's IPO filing (why I was reading it, I haven't a clue): "Groupon's initial IPO filing highlighted a nonstandard metric called 'adjusted consolidated segment operating income.'" Really, does that sound like a world unmoored from reality?

wow, down 540

guys we just have to ride it out till St Leger's Day

last crash had the same dynamic w/ up down, down day, up day, down day for an extended period of time. I remember the pattern was oddly regular.

its just goldman sachs et al fucking with the market volatility to make $$$$ before it plummets to the ground and goes 'splat'

i was such a putz not to have gone into banking

otm

"pump and dump" sounds really disgusting when you think about it.

so..... lorax....

So are IPOs basically the new way of saying "My company is about to turn to shit and I'm cashing out while I can"? -- they can't keep this shit up much longer.

Who said, "no one ever went broke by underestimating the intelligence of the public"?

Has anybody here ever been in a company that went thru the whole IPO-show? I'm curious about the stock hijinx that happen internally leading up to the big day

IPOs these days basically consist of the underwriter/issuer of the IPO overvaluing the shit out of the company, using the window before the stock is available to the general public to enrich themselves and their friends, then when the public gets their hands on it its at peak value and will plummet shortly thereafter..

then again the public could do better than investing in shit companies like zynga, groupon, etc.

Someone mentioned to me that Trulia was about to IPO -- a relatively small one I think, like <$100 million. My first thought was basically "well, I guess that site has run its course."

Groupon was a flat out joke. Zynga I don't really know enough about. Facebook -- there's actual value there, it's just way, way less than the IPO price, and unfortunately the IPO disaster is probably hurting the brand/goodwill and may even be discouraging advertisers, which could create a feedback loop. I guess we'll see if Zuckerberg can pull out of it.

zynga basically is attached to facebook's hip and their business model involves ripping off other people's games to turn them into freemium click fest pieces of crap.

really wish I had the balls to short them..

puts on zynga look pretty cheap, although I know next to nothing about options investing

linkedin is pretty legit

hard out there

Federal Reserve putting marginally less champagne on the table == desperate times on Wall Street.

suck it up bnw

HI DERE

Time to mortgage house, cars, even family members and put it all in AAPL. P/E ratio is 12.23 for the world's most successful company!