Thread: Teakdoors stock portfolio

^ Yep, the doom and gloom scenario-speak is driving me batty! No wonder nobody is spending. And small biz couldn't get credit if they had a suicide bomb packed to their bellies. I hate this "govt will save you" rhetoric. Crikes, ease up on credit and let's get the biz moving again. A friend is using her credit card to buy product and finance her trade show this week. Stinky.

damn, I would have never dreamed to see the DOW at 6,500 again, but I think we are getting there. Things are looking up

10 years worth of growth gone in less than 6 months, make sense !!! as usual, complete overreaction. Overreaction when it went up, and now when it's down.

Thanks god, Obama is there and he is going to save the day

Originally Posted by baldrick

so all these traders are sitting watching their charts and deciding on what is good business by saying " that is a floor , bottom , barrier etc ".

Yeah basically, the pros use the market levels as one way to help decide buy and sell points. Falling below 741 was a trigger to sell longs and get short. Hitting 701 yesterday and not falling below that was good place to cover that short position and go long. If the market falls below 701 then sell those longs for a small loss and go short and see what happens at the next support levels below which are around 643 area. Less active traders will of course just come in a buy and hold long term, most of these buyers have been scared out of the market at the moment though becuase nobody has any clear idea of how low this thing can go. These days its mostly institutions and day traders that make up most of the markets volume.

Originally Posted by baldrick

the stock market does not obey logic , therefore it is all fcuked up

Agreed, this is certainly true right now in these extraordinary conditions but less so in more balanced periods. Generally good companies will get noticed and buyers will come in, Buffet made his money finding those companies before everybody else did.

it's actually quite logical in the long run, it's only in the short term that it behaves erratically, as we are seeing today

no logic behind the sell off, pure emotion and silly investor sentiments

and of course the short sellers, having a field day, but we might run out of shares to sell soon

^ I dont think you can run out when naked short selling can you?

US Markets just closed, not a good day, S&P500 closed at 696 down 5 points or -0.73%

Closing below 701 paves the way for further falls. Im watching for 680, 658 and 641 levels, the market is "oversold" which means a rally is due basically because stocks have been kicked down the stairs and are sitting at values way below actual value.



The Dow Jokes closed at 6711 -51.90 points -0.77%

Slightly better day today, fell of towards the end though. Tomorrow is anybodies guess.

Down, I havent seen two days of gains for ages. Today Citigroup saw 99 cents, once the largest bank in the world by market value and today reduced to a pathetic remnant of its former self by reckless capitalism.

The Dow Jokes lost 271 points close at 6604 down 3.94%
The S&P500 lost 29.63 points to close at 683.19 down 4.21% a level last seen on 19th September 1996.

Tomorrow sees the release of the main unemployment numbers, its expected that over 700,000 Americans lost their jobs in February. Some of the falls in todays market can be attributed to folks selling ahead of this news tomorrow. If there is one piece of data from the goverment that really moves the markets, its this one tomorrow. Maybe we'll get a decent number and we'll see some upward action, if not, it will be business as usual and we'll be heading lower towards 650.

I think I'll play this game now. I'll start with the same amount of money as you and see if I can do better than you.

^ Do you realise that if we continued going down at the current rate, both the dow jones and the S&P500 will hit zero before the end of August?

Maybe you should wait and start your buying in a few months!

BUY 1000 URE real estate etf at 1.85$
BUY 1000 UYG financials etf at 1.44$

Bit of bottom fishing.

I dare not even look at the state of the TD portfolio. Its crushed along with every other dimwit who owns stocks right now.

Lets have a look at the market, the only real points of interest today were that the dow jokes dipped below 6500 and the S&P500, after a bright start to the day then decided to implode only to be reversed by the devil himself at the 666 level. I shit you not, look at the last hour on the lower half of the chart, tested 666 twice and then went higher.

Headlines for tomorrow's copy of The Sun "Satan steps in to save S&P500"

And you are now surprised?

Originally Posted by BkkAndrew

And you are now surprised?

Surprised?..... no, whatever gives you that impression?

Prepare for the helecopter drop of $1TR in STRs by the IMF in the next few weeks (target date 31/3). This will push up worldwide inflation by 10-14% on top of the QE taking place in US/UK...

A rally at yesterdays open ran out of steam and the market moved lower throughtout the day as the comments from Warren Buffet saying the US economy "had fallen off a cliff" weighed on peoples minds. Guys like him should know better and should just STFU. He's obviously short the market here otherwise he wouldnt say things like that.

Originally Posted by Spin

A rally at yesterdays open ran out of steam and the market moved lower throughtout the day as the comments from Warren Buffet saying the US economy "had fallen off a cliff" weighed on peoples minds. Guys like him should know better and should just STFU. He's obviously short the market here otherwise he wouldnt say things like that.

Why ? So far he's always sound like an honest guy, smart but honest ... actually VERY smart but still an honest bloke

Originally Posted by Perota

Why ?

Because the market is close to falling down into a blackhole that could see the S&P500, err, below 500.

At those levels, pension funds are bankrupt, people are not retiring. All manner of nonsense will be triggered if the market falls much further. Buffett has the power to move markets when he speaks, he is entitled to his opinion, but there are times to STFU and there are times to speak.

Big rally today, 6.0% gains in Dow Jones and S&P500. Market was oversold and needed to bounce. It had too many down days to fast and needed to come off its lows. Maybe this will continue for a few days, if we can move higher tomorrow and close above the 723-725 area that could see a move upwards towards 775.



The portfolio remains 25% down but recovered about 30,000 U$D today.

THE International Monetary Fund warned that the world economy will likely contract this year in a "Great Recession"

6.0% gains in Dow Jones and S&P500.

there a a fcuk of a lot of greedy stupid people on this planet

Originally Posted by baldrick

a lot of greedy stupid people on this planet

Not greedy, most of the buying comes from short sellers who are forced to cover their positions. This means they have to buy back the shares that they sold already at a (hopefully for them) higher price. This buying feeds on itself throughout the day as more and more shorters get shaken out.
This could go on for a couple of weeks and the markets could rise 20-25%....or it could be just one day and the market will continue on its slide. If I knew which one it was going to be I would most likely be lying on the deck of a yatch somewhere and not typing this now

They are going to re-instate the up tick rule for short selling, about fucking time

Originally Posted by Spin

The portfolio remains 25% down

more like 50% when you use the correct calculation,

Originally Posted by Butterfly

more like 50% when you use the correct calculation,

Last time i checked the total invested was 450,000 USD. with about 125,000 USD showing as unrealised losses. Thats about 25% always has been and always will be.

God knows where you get 50% from but lets face it, who gives a shit.

Markets consolidated today after the sharp move up. Thats good to see and we booked gains for two days in a row. Thats only happened once or twice, this year. My monies on a continued climb upwards tomorrow, todays action confirms this rally may have some legs which is backed up by the options markets with plenty of "calls" which are bets on higher prices in the future.