BUY BUY BUY!!!??
As the market is getting completely clobbered today (and all last week) this feels exactly like fall 2008 to me. I made a killing then, and am looking at new buying opportunities. Are people buying right now? I am looking at FAS currently and interested in hearing about technical trading strategies someone may have for this? Also, what are peoples thoughts on BAC? The mortgage mess and pending lawsuits make this impossible to value because no one knows how deep the liabilities may go, but still the stock is so depressed I think it may be worth it.
Outside of financials, there has to be a lot of good companies that are being pulled down by the mayhem in the market. What stocks is anyone recommending and why?
BAC is risky...i don't know why people are so horny about that. Poorly managed company in my opinion
buy energy, they've been getting killed. WTI
i'm eyeing yoku ( fairly new, but look so damn attractive)
when ipo was released it opened at 12.8 closed at mid 20's (don't quiet recall)... has been in in 30's, 40's for the most part, and is currently trading at 25.54. I think it has a potential being an asian internet television platform (the chinese almost version of youtube). hoping it hits 20 or lower and that baby's mine
if everyone was so sure it'd go back up cos it was 2008, it wouldn't be the way it is. personally i think sky is undervalued in a big way, but you never know these days.
BAC is being sued by AIG for $10 billion in a kettle calling the pot black kinda situation. Still have a bunch of overvalued trash on their balance sheet and is crap IMO.
Large cap materials and energy equities have been brutally clobbered when many of the fundamentals remain unchanged. It's all massive derisking (away from commodities and toward staples, for the most part) and, should the market rebound, you'll be able to get paid on these.
But if you feel commodity prices, on a whole, are going to come down or, failing that, a long-term depression in the market this would be a bad play. I feel like we will bottom this week and see some rebound, but use your own judgement.
^^ agreed. Like I said before, buy energy as it is way down. Idk about the other industries as I've only paid attention to what I have, but energy def. seems to be the worst hit.
Check out SD
GMR/FRO, strictly for the LONG TERM
i wish i had the balls to buy viix last week
I bought VIX last month, hell I even told you monkeys exactly what to do...search WSO for VXQ11
Buy some value energy companies...HES at a 7 P/E?!?!?!? Buy that shit hand over fist and just hold that shit forever...lots of similar situations in the energy patch...it's sold off the most...it's the cheapest sector, especially when you consider how long-term bullish the fundamentals are...
Thoughts on XLE? Getting hammered
If you have a long-term time horizon, buy buy buy! Short-term, could fall some more. I wouldn't try to time the bottom, average in.
More buy ideas please!
BP, STO, DO, LDK, LLEN, FCX, ATW, CF, MOS, TEVA, HNRG, RES, PTR, YZC, TOT, APA, OXY, COP too name a few
I'm gonna wait, I trade too actively to buy and hold.
Alex, in your opinion, XOM or COP? Long term of course.
COP, because of the upcoming divestiture. And once they divest the refinery ops, sell that and keep the E&P side.
That's precisely what i was concerned about. Thanks Alex.
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If the Ben Bernank doesn't do the Quantitative Easing (Part Tre) this could be a meltdown. I'll be honest with you guys, no way I'm buying any equities now, instead of Fall 2008 this could be 2007.
damn i missed the dealbreaker call the close
Well none of us called the close today. Was in SKF and VIXY 3 days ago, while terrified for my future and career, and losing another 2 years of my life to a double dip (whoever you believe, Greenspan or Roubini).
S&P Finished down -6.66%... most inauspicious.
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