Any stock day traders in here?

RCZ

How is this ******* productive? What value did that comment add to the thread? Do you think you're funny, or right? man people like you piss me off.

Its like you think by reading books you know more than the next guy? Give me a few books? I don't need books, I just quit the industry 4 months ago.

We are trying to exchange useful information here and what do you do? come in here and call us fools and try to pretend you are cool even though you just made the nerdiest WoW joke I've ever heard?

Do you even have a 370z yet?

I'm not even gonna get started on your sig because somehow I'm not surprised about how obnoxious it is.

Any other stupid comments to stir the pot or do you want to say something useful for a change? Your choice.

I have no more patience for crap like this.

370Zsteve

Easy there big fella. No offense intended. It was my opinion, nothing more. I suppose in my defense, holding Activision as my largest holding for 5 years proves my point, being in the stock market for decades does the same. I've done very well in the markets, I think the DJIA was somewhere around 1000 when I first got in. I'm 55, and I quit my full-time job 4 years ago. Dividends alone pay my mortgage. Compounded dividends, over time, ftw.

I didn't make a 'WoW joke', so not sure where that is coming from. I did make a comment that I actually have a WoW account. In fact, I created it for DD on my Activision holding when the merger with Blizzard was announced. It convinced me to substantially add to my ATVI.

Don't have a 370Z yet, sorry about that. And I am not alone in that regard on this forum. I'm waiting for the sale of a piece of real estate to close. Yes, real estate. A great investment, long-term. Then I'll pay cash for my 370Z. In fact, I could buy 40 of them from the sale of this house in Brooklyn, but one should be enough. Just checked with Fusz on his inventory yesterday.

Didn't realize ownership was required to post.

I suppose in retrospect I was a bit harsh using the word 'fools'. Stupid on my part.

I don't read too many books on the subject, never have. My old man was head of the Trust Dept for Bankers Trust on Wall St back in the day, and his old man owned a brokerage. I kind of grew up with this sh!t. The fact that you "quit the industry 4 months ago" does not impress me in the slightest, but I've never had an issue with you (or anyone else besides the mudman) on this forum. Seems to be a touchy subject with you, so I'll just back off trying to give "useful information" about why I think daytrading is a losing bet. That doesn't mean I don't wish you good luck at it, or success.

As for the sig, you think it's obnoxious, that's fine with me. Your opinion on my sig is worth nothing.

You want a tip? Buy Eli Lilly asap, hold it for ten years, you'll be rich. Look at the cash flow, look at the P/E.

Again, no offense intended, had I realized how passionate you guys are about the subject, it never would have happened.

On that note..........................

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SOLD MY Z MARCH 2018 - another Core OG moves on - new ride 2019 Z Corvette Grand Sport - no mods necessary but already have eyes on HFC and intakes LOL IT NEVER ENDS.

370Zsteve

I should stay away, but how can I resist? Do your due diligence, research and invest in companies that will make you real money rather than listening to fast-buck types that chase squiggly lines around a chart all day.

We now leave this thread to the line-chasers, as they cannot handle constructive criticism. Mebbe I start a thread about how to "invest" and not "speculate". Y'all are welcome to join it and flame the living crap out of me.

Lilly swings to profit, raises forecast

BOSTON (MarketWatch) -- Eli Lilly & Co. said Wednesday it swung to a third-quarter profit after solid sales in the 2009 quarter as well as year-earlier litigation charges related to its drug Zyprexa.

Lilly (LLY) posted net income of $941.8 million, or 86 cents a share. In the year-ago period it lost $465.6 million, or 43 cents a share.

Last year's quarter featured a charge of $1.48 billion associated with litigation over its psychiatric drug Zyprexa.

This year's quarter contained a charge of $425 million related to the sale of its Tippecanoe, Ind., facility to chemical-maker Evonik Laboratories AG.

Excluding various items, Lilly (LLY) would have reported adjusted earnings of $1.20 a share versus the year-earlier 98 cents.

Revenue for the quarter rose 7% to $5.56 billion.

Lilly's results topped Wall Street estimates. A poll of analysts by FactSet Research pegged Lilly at posting earnings of $1.02 a share, on revenue of $5.41 billion.

Lilly's positive report prompted the company to raise its financial forecast for the year. The company said that it now expects full-year adjusted earnings of $4.30 to $4.40 a share, compared to its previous forecast of $4.20 to $4.30 a share. Reported earnings per share should come in between $3.90 and $4.00.

Analysts were expecting a profit of $4.29 a share, according to FactSet.

Sales of the company's best-selling product, the psychiatric drug Zyprexa, were $1.22 billion, up 3%. Sales of the antidepressant Cymbalta, its second best-seller, rose 10% to $790 million.

The company's diabetes product Humalog saw sales climb 16% to $500 million, while sales of the oncology product Alimta took in sales of $462 million, up 47%.

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SOLD MY Z MARCH 2018 - another Core OG moves on - new ride 2019 Z Corvette Grand Sport - no mods necessary but already have eyes on HFC and intakes LOL IT NEVER ENDS.

JoeD

Hope it now makes sense to others why I covered yesterday.

Bought AAPL pre-market today at $199.41 and sold a little too soon at $205.29. Got back in at $204.83 where I'm holding my current position. Stop is set at $206.50, sell on a 0.5% break-out of today's range.

AAPL is one of the easiest stocks to trade around earnings.

JoeD

What position are you in to talk down on trading? You do know that some of the biggest financial institutions in the world have a good portion of their revenue-structure centered around trading, correct? Go tell Goldman Sachs that they are wasting time chasing "squiggly lines” and “buy and hold” is the only way to go. Oh yeah, that’s right…buy and hold was dead for a two year period between early '07 and early '09.

Trading is not about making a speculative "quick buck." Those who treat the markets like a casino usually come out short in the end. Properly executed trades can essentially multiply long-term growth. Of course I have investments which are managed by other professionals that I don't need to watch on a daily basis, but even an abnormally high 40% yearly return on an investment doesn't compare to 1-1.5% daily returns from trading.

A perfect example of this is AAPL, one of the few stocks I can mention as my firm holds no current position. I was just stopped out and I still booked a sizeable profit between yesterday and today. Go back and monitor my trades.

370Zsteve

Joe, I guess my problem with you is that everything is past tense with your alleged trades. You see the same thing on garbage sites like Yahoo Finance.

I can't really say you're full of it, nor can I say your trades are real. All I know is, folks that claim to make 1-2% daily via trading rank very low on my Veracif!er BS Scale. Very low.

Take for example a post I made on my new thread.

My cost basis should now hover somewhere around $30/sh

It's all real-time. I'll check it's performance every now and then, no worries.

I suppose if I was about to retire the current market would be a drag. I took a nice hit last year. I'm sure you did extraordinarily well, of course. I used the opportunity to move a lot more money into stocks, and I focused on cash-flow, low-debt, high dividend yield large caps.

I guess time will tell. I'm a patient investor. And Joe, you are no Goldman-Sachs.

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SOLD MY Z MARCH 2018 - another Core OG moves on - new ride 2019 Z Corvette Grand Sport - no mods necessary but already have eyes on HFC and intakes LOL IT NEVER ENDS.