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Talking stocks, trading, and investing in general - Page 60

post #886 of 5431
Quote:
Originally Posted by stevent View Post

Some spread volatility, not in panic time yet.

Eh, I'm probably just mad that I got (virtually) slaughtered today. Algo went short at open yesterday, was -barely- in the red at close. So we held (as the rules mandate) through today. Got slaughtered.
post #887 of 5431
Quote:
Originally Posted by NameBack View Post

Eh, I'm probably just mad that I got (virtually) slaughtered today. Algo went short at open yesterday, was -barely- in the red at close. So we held (as the rules mandate) through today. Got slaughtered.

Yeah I was debating whether to close out my positions in all the bank stocks I owned. Kicking myself now since I coulda sold and then bought at a 15% discount. May just add more to my positions.
post #888 of 5431
Sold TOT @ 55.70 on 10/31/11.
Bought @ 54.42 on 7/28/11. Made 2.3% + 1.4% dividend. 3 month return almost double the average 5-year CD.

Im considering repurchasing shares, now that TOT has fallen back to <$51.50. Im waiting for crude to fall to <$90 and the Euro to slip to less than 1.35 before I starting playing with French oil stocks. Alternatively, I might be conservative and begin another position in XOM if it falls back below $75.
post #889 of 5431
Dunno anything about TOT, but 3 months for a 2.3% gain is pretty low considering the risk, you bought at 54 in July, then the stock price imploded dropped sub 42, with a 22% downside risk, wait for a better entry point or look to other stocks.
post #890 of 5431
Draghi just fucked me.
post #891 of 5431
Quote:
Originally Posted by NameBack View Post

Draghi just fucked me.

Too much emotion man, how's your algo gonna work when you start losing money?
post #892 of 5431
Quote:
Originally Posted by stevent View Post

Too much emotion man, how's your algo gonna work when you start losing money?

Haha, well, I haven't cut my losses yet. I'm waiting til close as I'm supposed to.

I mean, we're still up 8% overall, but it sucks.
post #893 of 5431
worship.gif Estee Lauder worship.gif
post #894 of 5431
yea, nice come up today. GOD, if you are out there, can i just hit one of these fucking earnings paydays? please? thanks in advance
post #895 of 5431
Quote:
Originally Posted by CYstyle View Post

Dunno anything about TOT, but 3 months for a 2.3% gain is pretty low considering the risk, you bought at 54 in July, then the stock price imploded dropped sub 42, with a 22% downside risk, wait for a better entry point or look to other stocks.

I don't really like technical trading. I usually check for macoeconomic trends and use a few technicals as red flags to my positions. The oil stocks I've been messing around with have returned around 8% this year which is significantly better than the S&P (Flat).

Longterm, my main reservation with Total is their French background. Sarkozy wont let them dump refining capacity for fear of losing domestic jobs which cuts into their margins. They trade accordingly at a discount to their American (CVX and XOM) counterparts. I haven't spent the requisite time researching the company, but I kind of wonder about how Eni will perform in the future given the uncertainty in Italy coupled with their (larger) stakes in Libyan oil.
Edited by norcaltransplant - 11/7/11 at 11:28am
post #896 of 5431
Out of curiosity, who here has made a net profit over their entire investing career?
post #897 of 5431
Not me. But I have made profits during arbitrarily defined time periods.
post #898 of 5431
Quote:
Originally Posted by Contingency Plan View Post

Out of curiosity, who here has made a net profit over their entire investing career?

I started buying on my own this summer and am up 8.42% today. I own a lot of volatile stocks though so I've been between 3%-22% or so returns this summer. I did a lot of paper trades before though and have taken a few finance and portfolio management classes.

Technically if you take out the past 10 years, everyone was guaranteed to make a net profit. A better measure is if you beat the benchmark (S&P or MSCI) since that shows your actual performance.
post #899 of 5431
I've made quite a bit of profit and beat the s&p by a lot.
post #900 of 5431
I've started buying bank stocks. Get they feeling they are at the bottom or very close to it. A european deal seems just around the corner.

I bought Citi a few months ago before the reverse split. They hasnt worked. Gotta sit on it.

Last week I bought RBS, UBS, CS. Considering a stake in BB & T.

Took a small position in each to spread it around.

Also bought some SLRC, damn good story and dividend, Cramer sold me on it when he had the CEO on the show the other day.
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