Financial rebound?

[Gzette]

Anyone whose been paying attention should have noticed a marked increase in the stock market over the past Month or so. Today the S&P actually hit positive for the year. Maybe I'm being a killjoy, but is this rebound happening too soon? I feel like we're setting ourselves up for another bubble pop. I don't fee we've made any real strides as the amount of unemployed continues to inch upwards. I've been told the market indexes tend to be a few months ahead of real recovery. I hope it's true, I'm just skeptical. Thoughts?

Wish I had bought some bank stock went it hit rock bottom. We all could've made some serious cash with how they've rebounded. Still, I've made some with my little investments.

[Raistin]

I went the high risk route. I bought 900 shares of Citi (C) when it hit 1.00. 3rd largest bank in the US, had some issues but hell why not.But I also read that they were posting a profit in the first 2 months of the year. So I said why not. I was happy as hell when it hit a high of 4.? something. Then it tanked some and its now hovering around $3ish the past 2 weeks.

Another one that I jumped on was REXX, it is a energy group,had no real clue wtf it was. I was playing a wall street game and I was kicking ass. I saw this on a high trend chart and I bought 1,000 shares when it was around 1.05ish.Now its pushing out at $4.55

We won't talk about my gamble with GM with 5,000 shares at $2 a share.I was loving it up when it hit 3.94. Then BOOM! Down to 1.93 like 3 days afterwords. I should have dumped it when it hit around 4. I normally set a high mark on the small stocks and sell it off no matter how they are doing. I just figured GM would tough it out, with some of the big bad liberal help. Now it can't break 2.00 mark. I'll prolly sell it all off this week and put it in Ford, since they are gaining in sales, and are doing great on cash surplus. I should have jumped on that train before they jumped 2 dollars in the past 1 1/2 weeks.

Banks will be shooting up. The real test will be the "Stress Test" that will come out. But home sales have gone up almost 4% this month already. I won't say everything is ok now, but people just don't want to spend money. So it hurts the banks, then the banks don't want to loan out the money due to the fact no one will buy anything with them. It's a evil trend. When a bank won't give you a car loan when you have over a 700 credit score, and 10k more in the bank than what the car is brand new. Its fucked.

[Winnow]

It's been a nice week on Wall Street.

$$

Be prepared to dump before the pullback!

[Raistin]

I'm catholic, I'm not allowed to pull back!

[Aslanna]

Thanks President Obama for the recent market increases! I actually hit positive for the year on my 401k. Still down 47% since the beginning of 2008 though. I'm not getting my hopes up too much at this time. Got a long way to go to make up the previous 12 months loss.

[Winnow]

wow, someone just took out my after hours offer of EMKR @ 1.45 and left 25 shares. bastards.

On the flip side. woo hoo! That was a nice gainer for a couple day trade.

19:41 $ 1.46 800
19:41 $ 1.45 300
19:25 $ 1.45 500
19:25 $ 1.45 500
19:25 $ 1.46 1,000
19:25 $ 1.45 1,000
19:25 $ 1.46 1,000
19:25 $ 1.45 1,000
19:25 $ 1.46 1,000
19:25 $ 1.45 200
19:25 $ 1.46 200
19:24 $ 1.45 200
19:23 $ 1.45 3,000

They blew through my 1.45 offer, 3K+ on this particular trade, but left 25 shares and kept going to 1.46. wtf? I haven't seen that happen before.

wtf am I going to do with 25 1.45 shares? It cost $9.99 to trade them. The order is still open so I guess they will clear out if the stock opens at 1.45 or higher tomorrow without costing me another 9.99.



yay for after hours!

[Gzette]

I did buy GM when it was around 2.75, it spiked and is now stagnant. I'm in it for the long haul at this point. I did jump on the Ford ship at the same time and couldn't be happier. Bought at about 1.75, it spiked to like 3.50 then tanked back to 1.75, so I doubled my investment, and now its sitting at about 5.85

[Winnow]

EMKR topped out this morning at 1.47

just bought back at 1.32. Will see how it goes into the close.

[Wulfran]

I think some of the rebound in the markets is caused by the fact that things always overcorrect. There are good companies that are run in sound, responsible manner, with excellent prospects that get hauled down (their stock price) by the rest of the garbage when the sector goes fuck. They don't do as bad, but a lot of investors are actually speculators, not real investors and they tend to have a herd mentality and look at the industry more than the company they put money in.

[Winnow]

I think some of the rebound in the markets is caused by the fact that things always overcorrect. There are good companies that are run in sound, responsible manner, with excellent prospects that get hauled down (their stock price) by the rest of the garbage when the sector goes fuck. They don't do as bad, but a lot of investors are actually speculators, not real investors and they tend to have a herd mentality and look at the industry more than the company they put money in.

The market is definitely being run by traders and not investors atm. There are some insane valuations (low) for quality companies atm. You can't base your investments, short or medium, on fundamentals. Long term, you can still just keep on buying shares of quality companies and do well.

[*~*stragi*~*]

my 401k is up 21.2 percent i just invested in TOT RETURN idk what it is but the graph went up and it had 5 morningstars on it so im kewl

[Winnow]

EMKR topped out this morning at 1.47

just bought back at 1.32. Will see how it goes into the close.

EMKR ended the day at 1.40.

This is what happened last time I bought around this range. Hoping it happens again!



interesting that my last big purchase back in November was at 1.32 as well.

edit: don't buy this stock based on anything in this post. It could just as easily drop back to 1.15.

[Raistin]

A 16.6% gain in C today. I was lucky to sell off GM yesterday before the drop today. I reinvested 70% of it in REXX and Ford,and made out pretty good today.The rest I will try and help the Hard Rock Casino in Tampa with some heavy playing this weekend
I think REXX can only go higher since it supplies energy to some South East states. So they won't be crashing.

So in closing since March 4th here are the numbers of gains the 3 stocks I had posted!

(REXX) 3.92 to 5.15 = 1.23 a share

(C) 2.97 to 3.86 = 0.89 a share

(F) 5.69 to 6.26= 0.57 a share

I win so far!

[Winnow]

Nice.

Are you saying tomorrow could be Rexx Manning day?

[Raistin]

Of Course!

[Gzette]

I'm buying Citi. they are in trouble, but I predict this stock (currently at like $3.60) will jump substantially. Also I like to idea of a stock valued at about $50 pre-economy shitting itself. Longterm outlook is quite good.

Sold my auto stock (finally). I think GMs likely bankruptcy will put Ford in the hole for awhile. Too much interconnectivity in that industry for my liking. Still, nearly tripled my investment there. Holding my GM stock because it's worthless and such a small amount its not worth paying to $10 commission.

[Winnow]

what's wrong with this picture?

[Spang]

what's wrong with this picture?

It's too small?

[Winnow]

Looks like the orange (john kerry) stuff on his face wasn't applied around this mouth.

[Avestan]

The stock market recovery was far too fast. The economy is nowhere close to healthy and won't be for another two years. Saying this now makes me look a bit opportunistic given the market over the last week, but I do not see the market hitting 9000 for a while still and I do expect it to hit 8000 before it gets back up.

Housing is still broken, debt is still broken, inflation is about to erupt, and news of higher taxes will push stocks down over the next 6months to a year.

If anyone here thinks that this recovery is going to be anything like the last one, I completely disagree. Market recovery will precede job recovery by a year or two, but we are not yet close to true market recovery based on the health of competitiveness of US companies. Dig in for the long haul folks, it is not going to be a quick fix this time.

[Tyek]

my business is up over last year, but we are seeing dire predictions for the second half of the year.