Any stock day traders in here?
 

Anyone day trade around here? I wanted to see what some of you guys are doing, maybe we can all make a little mod money on the side if we combine ideas. :)

Looking at PLX for a quick pop on the open tomorrow.

this month i'm a bit slow as i'm loaded with work, but i did get in on WYNN in anticipation of macau IPO oct. 9

when things get a little quieter, i'll get more active on the stock market again.

hmm wynn, I like their casinos, but I prefer LVS when doing trades.

some more thoughts for tomorrow:

WAG
TNB
AF
LNET
ITUB

Newegg ipo has been announced :)

LVS is good too, but i'm making a living off of the hype from wynn's macau holdings IPO :)

WAG? walgreens? eh...I haven't been following, I sold that off a while ago. What's the news on them?

Interesting, will keep an eye on that.

Earnings came in better than expected even after sale were a little bit meh. Rallied 9% today...all indicators look good for more love.

Looks like LVS is due for a pop too...oversold.

What do you think of RIMM's fall from grace after less-than-stellar profit earnings?

I need to do my homework in the sector, but I'm looking at now as a decent time to buy if you're looking for a long-term hold. (I know you said day trader, but eh...?)

I haven't been following RIMM, but from what I've read just now it seems like their growth is expected to slow and that it may not be the best time to jump in. Price target is 87 for 12 months... I think there are better choices. There's a chance you might see a short term pop there too though, that was a huge drop and there may be some corrections..

that's what i'm thinking, but i still think it's a good time if you want a buy and long term hold. i don't see the blackberry fading anytime soon.

I get paid to do it. :)

^ Yeah I quit Morgan Stanley 3 months ago, its not rocket science.

You got anything interesting to contribute?

I can't really talk about much on the stock side... you know the drill. The stuff you guys have already mentioned I'm personally not covering anyways.

Broader market stuff... sure. I think overall we're at an interesting point right now having just crossed the 400 day moving average, which is always interesting after a hefty decline. I'd say that even though volume is light things can still get freaky in a hurry. Very short term I'm somewhat neutral... I half-expect a bit of a consolidation/correction on into December but know it could just as easily go the other way. We'll see what earnings bring... I have all sorts of theories on what can happen or what's likely to happen, but as the last six months or so have taught everyone... you can have your ideas and assumptions but at the end of the day you just have to follow the tape.

Long-term I am very bullish... and I think everyone will agree that long-term is really what matters. These are awesome times to be buying the market.

Wish I had more time to handle personal investments... I'd have made **** tons... but I have no prob with where I'm at for the year. :tup:

I wish all of you guys luck and hope you stay on the good side of the trade. :tup:

hehe thanks and yeah I do know the drill unfortunately.

Unfortunately what you are telling me now is the same thing I wouldve told you a month ago. That feeling that everything can go to hell in a day is exactly why I've been very cautious, but frankly im tired of not having any fun. That is why I'm more interested in day trading than long term right now. I know its a great time to buy long term, but I'm young and can absorb losses now that my liabilities are still somewhat limited.

Right now I am so busy with the new Job that I barely have time to look at the market anymore and I'm getting a little frustrated about having money sitting there.

I know you are trying to help, but you know that broad market sentiment is just that. Its a little frustrating, but rules are rules ;)

Oh and Im not covering any of the stuff I mentioned lol. I'm going solely on technical indicators and market momentum here. I don't care about the company, only about what its going to do tomorrow from 930 till 4 and very current events..

Everyone keeps waiting for that correction that's supposed to happen. There is so much money on the sidelines just waiting to pour in, but they never get that 10 or 20% down they keep expecting.

It's frustrating, and as much as I hate to say it, we are working our way into a "new normal."

IMO your best bet is to go long... build a diversified portfolio and just dollar cost average your *** into retirement. I look at returns on some of the mutual fund buys I made back in feb/march/april and just :eek::eek: wish I had gone all-in!

There are some stock trades I really wish I was able to get in on. Some I was watching closely but never pulled the trigger... and we're talking trades where the first thing I would have done was buy a GTR when I closed out. Missed some big opportunities because of either work conflicts or just being a nanny... but still it's hard to argue with being up 60% for the year thanks to some well timed mutual fund buys. :icon18:

Still waiting for the big fish... the trade that is going to secure my very early retirement. Aren't we all, though... :roflpuke2:

I got a couple 50% gains in there, but I was being a nanny about it too. I hear you, it was the opportunity of a lifetime, but you can't really think about it like that because we really didnt know wtf was going to happen. We kinda still don't. There are some great deals out there though for the long run.

Whats really pissing me off is the day trades I coulve been doing that I havent because they are so risky, I gotta man up already, was looking to see what people are doing on here.

i bought a **** ton of AIG when it was below 90 cents. but i dont have the time or extra cash to play right now. wish i did tho. its kinda fun and rewarding. maybe when i get better educated in the field, i will get more into it

Well I had my eye on Ford for a while. I came ever so close to pulling the trigger at about $1.50 but never did it, then we got so busy at work I couldn't do any real stock trading with my personal money. Missed out on a pretty ridiculous trade.

Citigroup was also a good trade if you had the stomach for it.

I still think Ford is still interesting, but I think the major run is long gone and at this point you probably shouldn't buy unless you believe in the story and stay long.

I had the trade entered and didnt click send for ford at $1.50, please dont remind me.

I'm glad I'm not alone. That trade would have more than paid off my Z. :/

That makes three of us that chickened on the Ford trigger... :( I've had a string of bad luck though. I had a mutual fund that was up, but I didn't pay attention with SE Asia fell and that was that.

I'm clinging on to RIMM for a long term hold now...I had expected their earnings report to be better than what came out, and I got whacked this week.

Made $250 today in 5 minutes with LVS. (wouldve been $550 if not for a trailing stop I set)

Doing it again tomorrow.

made $278 across the board leveling out positions in wynn and hpq

i honestly think that CMI is now a 'buy' option.

^ Cool

Its really bothering me that LVS its up so much after hours. I want to get in right now, but Im afraid of what I'm gonna wake up to. I will just be patient and buy before the open tomorrow...

note that i'm thinking CMI as a long term hold. sorry if you misinterpreted that as a short term position...

CMI as in Cummins? Thompson has it rated at underperform on the long run.

Are you guys keeping your positions to below $5k? Just wondering.

right now? nah 10k for me for these quick ins and outs.

CMI is hit or miss for me. It may be rated underperform, but I'm comfortable in it because there needs to be an eventual ramp up in construction industries, which requires heavy machinery. And CMI has a big stake in the engines that run that type of equipment.

Yeah, if you want to play the housing recovery I guess its a good bet. I would play housing with something like a tol or a REIT.

whats everyone else doing?

debating if i want to buy activision and play an amusing game of "will this stock benefit from diablo 3 and starcraft 2 dorks?"

As a nerd who plays those games, it is a tough bet. They never give deadlines on those two games, so no ETA on when they launch. You can bet on them selling like crazy the first two weeks, but you might have missed any real gains since they already officially announced the games.

yeah, it's a hard stock to play imo, i still think there's potential, but it could easily turn into another long-term hold for me if they keep delaying release. maybe as the release date firms up i'll look at it again.

gold is at record highs...and stable... O_o;;

question: is there like a book to read or something on how to day trade. I have always wanted to do it, but not knowing anything of the stock market I am scared of entering.

Activision could benefit from the release of those games, but I think the gains are already priced in, any other jump will happen when the sales numbers come in. I would wait for that and make money elsewhere in the meantime.

Gold I'm not touching with a ten foot pole. I looked at VGZ to play the gold game and I'm glad i went with my feeling that it was too late to get in.

Chupacabra: there are books out there that can help a lot, but you would also greatly benefit from doing the tutorials on e-trade.com. They have some amazing tools on that website that can make your life a lot easier and its 10 bucks a trade...

oh and one more thing folks, if you are looking at LVS, be very careful with it. Keep an eye on those stochastics. Also I think its got room to go down back into the 16's again. I managed to make some cash on it today, but man did I suffer through it.

see, generally i stay the hell away from casino stocks. the only reason i'm in right now is for WYNN's macau IPO that's coming up this friday. after that i'm anticipating a quick sell to lock in profits and then free up some funds to do more day trading fun.

Here's an article on Wynn Macau IPO but you may have already seen.

PREVIEW-High price, tough market stack odds against Wynn Macau | Deals | IPOs | Reuters


I was in Macau in Sept 2008...the Wynn hotel part (not casino) was surprisingly small (minature replica version) compared to the Las Vegas Wynn. Maybe it has expanded much in the last year?

The Venetian Macau was the most impressive hotel and casino...a lot bigger than any in Vegas.

yeah might be holding onto wynn longer than anticipated, but that's okay, i have other things :D

Hmm, LVS is piggybacking on WYNN a bit. I just didnt have time to make any smart decisions today so I didnt get into anything. I hate days like this where you don't get a clear heading in the morning...

LVS is gonna be impacted by the Macau IPO tomorrow. Neutral probably will be a good sign...