Great to see all this involvement with stocks and RE!!! If you guys had to choose between the 2 what’s the best pick for lets say a 10 year period (or what time it may take to get rid of the current mess). I know this will depend on the type of stocks / RE but any general ideas?
My bet: I’ll stay with the RE for now but can also see the future potential for the stock market… (I think some excellent remarks are made for both sides so far ;D)
Greetz Ray
That’s the classic HEAD FAKE, as people start thinking it’s safe to go back into the water they get eaten… just WAIT.
Thats a real possibility but either way I’m scaling into my basket of closed end funds…They have been hammered and the yields are extremely high and they are selling at a deep discount…They all pay monthly and have lost %65 (average) in price over the last 2 months…Its time to start piecing my way into these names…Even if we go lower I’m prepared,I’m buying extremely small amounts…
AWF…BHD…CFD…CWF…EOS…ESD…EVF…GDL…IGR…JRO…PBF…PFN…PHD…PHK…PTY…RCS…RIT…RTU…
That’s my basket of closed end funds pretty much…The median yield is about %12 and the median discount to dollar par is about %23…Worth looking into if you like fixed income in a liquid form also paying monthly distributions…Keep in mind these funds have been slaughtered and are all 4+ star rated from morningstar…Buy em when they hate em,just a tiny piece that is…
That's the classic HEAD FAKE, as people start thinking it's safe to go back into the water they get eaten....................... just WAIT.
That’s right. This is how the big boys take the stocks away from the middle class. A bear market rally reels them in, then the big dive gets them to sell all that they bought and everything they were holding before this entire mess started. That’s the capitulation being served as the special of the day!
All Aboard!
Mike
I was very interested in Rookie’s idea that the markets rally BIG if McCain pulls out a victory. I can see why that would occur. Personally…I think Obama wins and the market breaks BIG…But it’s going to be close and he may be right. The key to this, as he already said, is having a game plan ALREADY set up to take advantage of EITHER scenerio.
I worked at a broker shop downtown Chicago (futures and options) for a short period a month ago, and every broker in there was big time pro-McCain, and scared of an Obama presidency due to his wanting to kill off speculating and other trading types. They are worried about what Obama will do to the markets and trading in general…
Can Obama really end trading strats in the Stock Market? The Stock Market is a global trading system. Iv’e heard people are scared about Obama but im just wondering how worried should I be that hes going to screw it up?
Also…
Watching you guys sitting here making a killing is KILLING me. I wish i had some money to trade with 
Watching you guys sitting here making a killing is KILLING me. I wish i had some money to trade with
For every person that makes money trading or in REI, there are probably 10 that lose money. You just don’t hear about that because the people that lose their butt usually don’t post. In addition, there’s a big difference between making money on a trade and making a profit overall. So, I wouldn’t be too concerned that you don’t have money to trade with, you may not have made a pile of money, but you didn’t lose a pile of money either.
Mike
Watching you guys sitting here making a killing is KILLING me. I wish i had some money to trade with
What makes you think everyone is making a killing?..I would bet most that post here are taking a killing and not posting it…I’m a professional trader and I work amongst what I feel are some of the best traders and they are down or close to flat on the year…So do not assume for one second just because you only hear the good stories that there isn’t more bad ones not being told…Some of the positions I have seen being thrown around have been decimated and I haven’t read one single post about how bad the losses have been from one single poster here…All I read about is past tense changes, like I’m suppose to believe that BS…This is why I post in ADVANCE of what I intend to trade any how I plan to trade the market…There is no disguising it or editing it to repair my bad trades…Alot of what you are reading is pure dreaming…Be happy you are not involved in this market,the pro’s are having a tough time…So to believe that a bunch of part time RE investors are skating their way through the worst destruction of wealth since the Great Depression unscathed is comical at best…
..So to believe that a bunch of part time RE investors are skating their way through the worst destruction of wealth since the Great Depression unscathed is comical at best...
Well said rookieNYC.
I got a trade i just picked-up. OCNF 7.82 its a ocean transport service provider. I picked it up because of its dividend for 3Q. stock holders of oct31 will get 77 cents per share thats 10% for holding this stock about 10 days !!!
so i gives me a cushion, if it gets killed i have a 10% edge.
I traded DUG earlier today from 49 to 51 and bailed on it.
I taking whatever i can get quickly and then back out, wait for the next move and try to play it. this market isnt something you want to buy and hold with so much volatility. for instance i bought DRYS at just under 22 friday it got up to almost 25 and i sold it today for 21. i got back in again @ 20.75 lol that trade doesnt make much sense really but i was mad because i shoulda taken profits from it at 25 but didnt. i’ll hold at this price for now.
the only thing im not selling right now is DAL. airlines are golden right now. dal, uaua, cal , amr are all good for run ups.
Uaua has been a huge run lately
as i typed that ocnf goes down 15 cents. :banghead
i might need that 77 cents to be even on it lol
Well I guess i just have to be patient on OCNF im sure people will start pushing the price up in the next week. if it falls then i guess i could always buy more shares closer to ex date to collect a higher percentage dividend.
well sold drys @ 20.30 and looks like a good move its plummetting today.
bought dug again at 52.30 watched all day and shoulda got back in on its dip to 50. but i think it will end around 56 today. oil’s down and the dow’s down all news is bad which is good for dug.
i have a feeling we end the day down 500 pts
I bought SDS for 90.10 yesterday and sold today for 98.63.
My strategy until this thing clears up is to buy SDS on dips to around 90 and sell on the up days for 7-8% profit since that seems to be the safe margin so far.
30% in the past 3 weeks. Too bad I’m only playing with 10% of my portfolio (the rest sitting in cash). There’s too much risk to do anything else though.
Misha
risk is right i sold my DAL @ 9.80 still up a good chunk from where i bought it. I didnt plan on selling it but today seems like a total selloff day.
I know im scared thats why i went into DUG.
Im down to barebones again. plan on getting out of dug by end of the day also.
Rookie
do you think this selloff is hedge funds liquidating to meet margin calls ??
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/22/AR2008102201873.html
This further shows that we are not out of the woodwork yet…
sold DUG at 55.01
bought back some dal at 9.80 damn i was watching DUG. DAL went down to 8.60’s !!!