Talking stocks, trading, and investing in general

jbarwick · Nov 8, 2013

When I tracked IPOs closer it seemed like the initial day was crazy, then a couple of days consolidation, then a pop to make a few bucks. Good luck on finding the amount before the pop

GreenFrog · Nov 8, 2013

Portfolio bounced back today; erased all my losses from yesterday.

idfnl · Nov 8, 2013

otc said:
Do they really though?
They are getting into and back out of these trades almost immediately...which suggests that it is false liquidity. If they are able to buy and immediately sell, then there were already a seller and a buyer ready to go on the trade (so nobody benefits from this liquidity except the HFT).

I don't know how much it really hurts though (well, except when it ***** up and causes things like the flash crash). I'd have to study it more, but it kind of looks like the biggest downside is that you have a bunch of really smart people and a lot of resources dedicated to what is essentially a race to skim a smaller and smaller amount of money out of other people's transactions. Those people could be doing something more productive to society elsewhere.

The little bit of spread that is lost to the original buyer and seller is so minuscule that it hardly matters, especially if the positions are held for any length of time.

I disagree. Its the same as the mafia stealing a few cents on every yard of concrete poured in NYC.

Cantabrigian said:
TL/DW

What's the scammy part?

The scam here is that there are special order codes the HFT crowd uses that allows them to step out of line and get their trades executed before everyone else. Its illegal. Trades are supposed to be executed in the order that the exchange receives them.

The exchanges and HFTraders are buddy buddy because the exchange earns money on volume and in exchange the HFT machines get special access.

idfnl · Nov 8, 2013

otc said:
I'm not sure he is saying it is actually worth 35 or 30 in his eyes. He thinks he can make money off of other buffoons who think it is actually worth 60. At 30, he is willing to take the risk that those guys are out there...but at 45 there's more risk.

It didn't sound like he was trying to make a long term play on twitter...just wanted to cash in on some post IPO stock runup.

This exactly. I was just looking to make a quick trade and cash out, maybe keep a few shares of pure profit that I can sit on. Today's action shows it opened too high. I suspect it will settle in the low 30s.

GreenFrog · Nov 12, 2013

TAN is such a crazy volatile ETF. Down 5% one day and up 6% the next, rinse repeat.

I know I said I was gonna keep this long term but the short term trading opportunities are just too lucrative to ignore. I was up a couple percentage points yesterday and was thinking about locking in those gains, anticipating another short term drop.

Sure enough, down 3% today.

jbarwick · Nov 12, 2013

Don't start day trading that unless you are a master at catching falling knives.

idfnl · Nov 12, 2013

Potbelly baby....

Great earnings, up 20% aftermarket. YEAAAAAAAAAAAAAAAAAAA. Crushing this position. Its single handedly made up for my bad couple of weeks.

GreenFrog · Nov 13, 2013

Some bad macro news today and stock futures are down. Thinking about picking up some leveraged dow / sp500 short ETFs as a day trade.

stevent · Nov 13, 2013

Chegg limit order filled :fu:

Also bought Tesla and Fedex today. Hype better pay off

dohare · Nov 13, 2013

stevent said:
Chegg limit order filled

Also bought Tesla and Fedex today. Hype better pay off

Hopefully there's enough hype-meat left on tesla..was going to get in last year round march, just seems way over-hype-valued now. GL.

Anyone have any feelings on these vanguard funds VEIPX & VGHCX? stellar performance this year, wanna throw $3k (min) - 6k in one and wait a year for a decent down payment on a car. Is the market too high? should i wait?

GreenFrog · Nov 13, 2013

I think TSLA still has a long ways to go (down).

seeldoger47 · Nov 13, 2013

dohare said:
Hopefully there's enough hype-meat left on tesla..was going to get in last year round march, just seems way over-hype-valued now. GL.

Anyone have any feelings on these vanguard funds VEIPX & VGHCX? stellar performance this year, wanna throw $3k (min) - 6k in one and wait a year for a decent down payment on a car. Is the market too high? should i wait?

It would be unwise to buy either of those ETFs if you plan on using that cash in a year's time.

jbarwick · Nov 13, 2013

If you can risk losing the down payment for a car then go for it....otherwise collect the 0.75% interest or whatever you can get and just park it somewhere. Looks like you can get 1% on a 1-year CD.

dohare · Nov 13, 2013

ahh, why is this? are there fees i'm unaware of? i've only ever invested in common stock. just seemed like the last few years return has been 10%-25% with them, figuerd it'd help.

jbarwick · Nov 13, 2013

If you can predict there will be a guaranteed return put every cent you have to your name in the stock. The greater the risk the higher the return but it also means you could lose more.

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