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Author Topic: Stock Market Crash  (Read 83680 times)
Dolfan
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« Reply #1225 on: April 02, 2009, 04:38:15 PM »

Strong day in the market with the G-20 going "not as bad as feared", according to CNBC.  We'll see if it sticks.  Even a 40% move up from the low of 6450 or so could put us right around 9000 but I still think that ultimately we will see 7000 or below before a sustained run up.  If we zip up quickly they'll be a sharp pullback but if we edge up orderly, a pullback would take a while.  For now, I'm not selling or buying anything.

Anyone else trading?
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Moon
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« Reply #1226 on: April 02, 2009, 05:22:58 PM »

Let's see. It could go up to 9000 or go down to 7000.

But Dolfan is not trading, so he's betting things will stay the same??
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Moon
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« Reply #1227 on: April 03, 2009, 03:19:02 PM »

ANOTHER Bear Market Rally.
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CLOCKERTERRY
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« Reply #1228 on: April 03, 2009, 05:01:41 PM »

ANOTHER Bear Market Rally.

I could go down to 7000 or up to 9000.

If it goes up too fast it might come down fast, or it might go up slow. If it comes down slow it might mean rain before a sustained heatwave, but if it goes up slow it might mean 9500. If we edge down it might mean down.
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Moon
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« Reply #1229 on: April 03, 2009, 05:19:21 PM »

It could also stay right where it is.

This is like "Odage"!!

maroon
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CLOCKERTERRY
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« Reply #1230 on: April 03, 2009, 05:50:47 PM »

It could also stay right where it is.

You mean, "go sideways"?

Yes, it could do that, too. Dullman has it all covered.
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Moon
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« Reply #1231 on: April 03, 2009, 09:16:22 PM »

You mean, "go sideways"?

Yes, it could do that, too. Dullman has it all covered.

So... up, down, sideways... it's like hitting the "ALL" button.
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Edwarren
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« Reply #1232 on: April 04, 2009, 05:37:15 AM »

The DJIA is going to 21,000.

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Kenneth J. Chadwick
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« Reply #1233 on: April 04, 2009, 07:10:32 AM »

The market is up 22% from the low.

This is not a bear market bounce.

This is the start of a new bull market.

All the easy money has been made.

Even Obama talked on April 2, 2009, said that the stock market is wealth builder.

Here we go for what I have invested since this started.
                              Purchased at                  Today                   Change in %
Master Card  (MA)           148.64                      174.05                     17.10%

Ultra Petroleum (UPL)         35.29                       40.97                      15.99

Macrovision Sol (MVSN)       16.04                       17.78                      10.84
         
Mylan (MYL)                       14.43                      14.04                     12.94


I will put a trailing stop once I reach a 40% profit.

I have to watch out for the: Greed-O-Meter    
                           
I have to work today and finish off tax season.
Kenneth
« Last Edit: April 04, 2009, 07:18:08 AM by Kenneth J. Chadwick » Report to moderator   Logged

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mottoman
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« Reply #1234 on: April 04, 2009, 08:15:10 AM »

I believe this is strickly a bear market rally and most every technician in the world agrees with that.  The only people who believe this is a new bull market are brokers trying to sell stock and pumpers on CNBC.
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Edwarren
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« Reply #1235 on: April 04, 2009, 08:21:49 AM »

I believe this is strickly a bear market rally and most every technician in the world agrees with that.  The only people who believe this is a new bull market are brokers trying to sell stock and pumpers on CNBC.

choo choo. trains leaving the station. All aboard.
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Moon
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« Reply #1236 on: April 04, 2009, 10:42:01 AM »

I believe this is strickly a bear market rally and most every technician in the world agrees with that.  The only people who believe this is a new bull market are brokers trying to sell stock and pumpers on CNBC.

You may have something there, because those ***hole on CNBC are NEVER right and they are in the pocket of the big brokerage houses.
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mottoman
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« Reply #1237 on: April 04, 2009, 05:17:54 PM »

thats for sure, the little guy is always following and or too late for the party!
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Kenneth J. Chadwick
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« Reply #1238 on: April 08, 2009, 09:23:33 AM »

Sold my oil stock on Monday. thumbs up

Market is a little choppy.

I don't know the direction of the market.

Just Don't Know.

Kenneth 
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ChitownSteve75
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« Reply #1239 on: April 08, 2009, 09:39:56 AM »

We had almost 700,000 jobs lost in March. This market isn't gonna go up on news like that.
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samstar
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« Reply #1240 on: April 08, 2009, 07:09:56 PM »

The two stocks I offered on 3/25 have done quite nicely.  HBANP is at $340 paying $85.00 per year dividend and SFL is up to $7.20 paying a rather respectable dividend also.   I also like ACAS as a double at $1.90.  Financials led us down and should lead us up. I suppose that Comrade Obama could screw the recovery up but I think that we are in a slowly rising market.
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CLOCKERTERRY
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« Reply #1241 on: April 08, 2009, 07:57:54 PM »

I suppose that Comrade Obama could screw the recovery up but I think that we are in a slowly rising market.

Are you kidding? Comrade Obama is the engine behind the recovery! The stock guys must love what he says, because that's what moves the market. You guys taught me as much.
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Moon
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« Reply #1242 on: April 09, 2009, 03:01:59 PM »

I'm getting sick of these Bear Market Rallies teasing me.
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CLOCKERTERRY
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« Reply #1243 on: April 10, 2009, 08:08:07 PM »

I'm getting sick of these Bear Market Rallies teasing me.

Now we need to start working on those many trillions of dollars of lost wealth caused by George Bush and his Republican cronies skunking the market down from 14100+ to 7500 by election day 2008. 6600 points of Republican ruined wealth to make up.   
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samstar
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« Reply #1244 on: April 16, 2009, 04:12:28 PM »

The two stocks I offered on 3/25 have done quite nicely.  HBANP is at $340 paying $85.00 per year dividend and SFL is up to $7.20 paying a rather respectable dividend also.   I also like ACAS as a double at $1.90.  Financials led us down and should lead us up. I suppose that Comrade Obama could screw the recovery up but I think that we are in a slowly rising market.
I hope someone out there  looked up these stocks.  SFL is over $8.50. ACAS is at $2.25. and
HBANP is over $515.00.  Watch these financials carefully.
If you review the Wells Fargo big profit announcement, you might be surprised to find that the bulk of their profit came from writing up assets that they had previously marked down.  If the other banks follow suite (and it is only a matter of time before they do) expect similar results.
HBAN is reporting on Tuesday and I suspect that they will use similar tactics to produce income.  The preferred has has  doubled in the last month, somebody, somewhere, knows something.
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Kenneth J. Chadwick
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« Reply #1245 on: April 19, 2009, 08:36:18 PM »

Here we go for what I have invested since this started.
                              Purchased at                  Sold at                     Made     
Master Card  (MA)           148.64                      162.84                  $ 1,420

Ultra Petroleum (UPL)         35.29                       38.94                   $ 1,700

This is what I sold since that post.

I am 50% invested and 50% in cash.

I think I am going to jump in and become 100% invested in the next week to 10 days.


Kenneth
« Last Edit: April 20, 2009, 06:42:33 AM by Kenneth J. Chadwick » Report to moderator   Logged

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samstar
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« Reply #1246 on: April 19, 2009, 09:10:32 PM »

ken I still like the financial for the rest of this reporting period.
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mottoman
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« Reply #1247 on: April 20, 2009, 07:50:51 AM »

100% invested right now would be the mistake of a lifetime in my opinion!  hugh resistance at 900 910 that will take a long time to clear!
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Grinder
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« Reply #1248 on: April 20, 2009, 09:38:17 AM »

100% invested right now would be the mistake of a lifetime in my opinion!  hugh resistance at 900 910 that will take a long time to clear!

I tend to agree.  I dont see where the energy to propel past those hurdles is going to come from.  Earnings are all but factored in now, and the next 3 months will not be great for the large caps.
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Kenneth J. Chadwick
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« Reply #1249 on: April 20, 2009, 01:43:35 PM »

Dear Group:

I am 100% in cash.

Liquidated everything today.

Kenneth
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