Shit I may have gotten burned on my FRE, FNM sell but i was smart enough to sell my WM a few days ago at a $600 profit lol. I also sold RIMM yesterday before close ended up losing $200 on it but saved my ass. Overall I am satisfied this week although a day earlier would have netted me an extra 5k. Its all part of the game. Like jay said about his gambling friend you dont always come out ahead so you need to know when to get out and take earnings.
about the passage.
it is directed at helping the investor and keeping wall street fundamentally “safe”.
But if the US dollar is worthless Dow jones points are not worth shit because they are in US dollars. Just saying…
:lol:
Anyone thinking of grabbing some WB seeing that Wachovia and Citigroup are talking of a possible merger?
wow seriously… I like peter schiff
was not a bad day at all…
I hedged my portfolio with a bunch of SKF when it went down just now. At least now when I lose my ass on financials something will be in the green.
BOOOOOOOOO!!!
gold looks like a good fucking deal right now
futures are down this morning, not a good sign for the market
futures have been down almost every morning.
I have been getting creamed all week and last week. This is the problem when you want to sit long on a market that moves this much. A lot of what im giving back is earnings but its still not fun. Ill tell you though I am not excited to see if we are retesting or resetting a bottom which i dont think we are but it wont be fun.
I don’t know what I’m doing, but I bought DTG at $1.33 half an hour ago and now it’s at $1.75. Up 127% on the day. Is that good?
Aaand I sold at $1.76. Took my $29 after fees and went home. :mamoru:
I like to learn with small money. 
Dropped my shorts and most anything hedged last week and im paying for it now.
nothing wrong with profit taking 101. 
$29 earnings? Well, let me tell you about this race. It was between a tortoise & a hare…
lol = 30552 = $7800 / yr.
Yea I have been preaching clipping earning atleast a % of them or hedging some if you are sitting on good gains and want to stay long. What did I do this week hahaha I covered shorts sold off hedged positions and didnt cut any earnings when i was well + on a bunch. Stepping away from my strategy cost me about 3k in 48 hours lol thats impressive. Moral of the story…greed gets ya every time. Although im just bitching for no reason since im basically committed to a long position till I see 14k+ in the DOW and dont plan to make too many trades on the way. Ask me how im doing then
What will you do if the Dow doesn’t see 14,000 again?
I mean, the jap market is still 75% off its highs from 20 years ago.
I dont need the money so if at some point I decide to want the money and we are not at my goals then i press the sell button.
the dow will see 14,000 again, and it will bottom out in the next 6 months around 6,500.