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feeling the same way. too many L's i've taken.
OFFICIAL STOCK MARKET & ECONOMY THREAD VOL. SCHOOL'S OUT
- Thread in 'General' Thread starter Started by dey know yayo,
- Start date
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Originally Posted by nicefro
chico, what do you think about this news for ETFC??
http://www.iii.co.uk/news...73937&action=article
Open positions are ETFC @ 1.8 and ASFX at .08x 1000 on the latter.
I feel like liquidating and starting over but I've done that so many times only to fail again; or i could hold etfc through earnings and wait for asfx to report '09 financials
feelin' real stuck here
You've got to have patience with any trade. Don't get emotional with any trade and learn to use stops...minimize losses and maximize gains. How do yougo about starting a position? Do you watch any technicals?
ETFC: Daily is on downtrend, but seems to be reversing. DOW rallied to 10k+ and ETFC hasn't moved much. What I'm afraid of is if DOW comes tumblingdown, you'll see ETFC at 1-1.20 again. I'm hoping for a next leg up here. Check out the chart.
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invested in COP yesterday bought around 150 shares. but its for the long term
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crap gold took a hit today cause of the dollar. ng is going down today...... crap..... time to average down
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Macau's Neighbors Face Visa Restrictions, Casinos Tumble
According to The Wall Street Journal, residents of China's Guangdong province are now eligible to receive a visa to visit Macau only once every two months.Before October 1, visas were permitted once a month, and the new traffic limitation could weigh on the performance of Asia's Las Vegas.
According to comments from Wynn Resorts (NASDAQ: WYNN - News) chairman and CEO Steve Wynn, the Macau casinos are still better off than they were lastSeptember. Wynn, said The Journal, told reporters last month that the once-a-month visas were an improvement over the prior once every three months policy.
As a whole, the Casino Stocks Index is off by -2.7% today. It is now underperforming the S&P 500 by -10% over the last month.
Melco Crown Entertainment (NASDAQ: MPEL - News) and Empire Resorts (NASDAQ: NYNY - News) are leading the sector lower by more than -6% in the sell-off.
Meanwhile, Las Vegas Sands (NYSE: LVS - News), Wynn, and MGM Mirage (NYSE: MGM - News), the sector's largest U.S.-listed players, are all down by -3% ormore.
Over the last week the sector's performance has been widely mixed. Top winners, Empire Resorts and Ameristar Casinos (NASDAQ: ASCA - News) have addeddouble-digit gains, while Wynn and Melcro Crown have lost -9% and -15% respectively.
Over the last month, Pinnacle Entertainment (NYSE: PNK - News) is a top performer, up over 10%. Riviera Holdings (OTC: RVHL - News), which trades on the pinksheets, is ahead by 35% for the period.
As of this writing, the Casino Stocks Index is one of the 10 worst-performing tickerspy Indexes over the last month, down by -7%.
ugh................................
According to The Wall Street Journal, residents of China's Guangdong province are now eligible to receive a visa to visit Macau only once every two months.Before October 1, visas were permitted once a month, and the new traffic limitation could weigh on the performance of Asia's Las Vegas.
According to comments from Wynn Resorts (NASDAQ: WYNN - News) chairman and CEO Steve Wynn, the Macau casinos are still better off than they were lastSeptember. Wynn, said The Journal, told reporters last month that the once-a-month visas were an improvement over the prior once every three months policy.
As a whole, the Casino Stocks Index is off by -2.7% today. It is now underperforming the S&P 500 by -10% over the last month.
Melco Crown Entertainment (NASDAQ: MPEL - News) and Empire Resorts (NASDAQ: NYNY - News) are leading the sector lower by more than -6% in the sell-off.
Meanwhile, Las Vegas Sands (NYSE: LVS - News), Wynn, and MGM Mirage (NYSE: MGM - News), the sector's largest U.S.-listed players, are all down by -3% ormore.
Over the last week the sector's performance has been widely mixed. Top winners, Empire Resorts and Ameristar Casinos (NASDAQ: ASCA - News) have addeddouble-digit gains, while Wynn and Melcro Crown have lost -9% and -15% respectively.
Over the last month, Pinnacle Entertainment (NYSE: PNK - News) is a top performer, up over 10%. Riviera Holdings (OTC: RVHL - News), which trades on the pinksheets, is ahead by 35% for the period.
As of this writing, the Casino Stocks Index is one of the 10 worst-performing tickerspy Indexes over the last month, down by -7%.
ugh................................
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What stocks are people looking at now? I'm thinking of shorting financials right now. What do you guys think?
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Shorting any particular stock or just using an inverse ETF?
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Not good for the the SEC, either.
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Probably just buy FAZ. What do you think?
Edit: I got some extra cash since I sold USO today at a 40% profit.
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I won't suggest anything, but just remember that this rally is not over yet. BAC reports tomorrow along with other big names.
I will suggest one thing. DO NOT buy and hold fas/faz. You will lose in the end, guaranteed. Inverse ETF's are meant to be traded.
I will suggest one thing. DO NOT buy and hold fas/faz. You will lose in the end, guaranteed. Inverse ETF's are meant to be traded.
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I traded FAS and made some money. We'll see what earnings say. But I don't buy and hold inverse ETFs.
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remain above 10,000 today..positive google, amd results..rally continues?
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GOOG beats with $5.89/share. We are going higher unless BAC does terrible. 1100-1120 on the S&P.
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I watch technicals and read news but sometimes I get caught up in the hype and chase a stock.Originally Posted by LiLcHiCo4LiFe
You've got to have patience with any trade. Don't get emotional with any trade and learn to use stops...minimize losses and maximize gains. How do you go about starting a position? Do you watch any technicals?
ETFC: Daily is on downtrend, but seems to be reversing. DOW rallied to 10k+ and ETFC hasn't moved much. What I'm afraid of is if DOW comes tumbling down, you'll see ETFC at 1-1.20 again. I'm hoping for a next leg up here. Check out the chart.
Or I'll get disappointed after it doesn't go my way for a few days and then sell right before it jumps to 2 or 3x more.
Etrade successfully jumped today. If they rally until earnings that'd be straight.
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- Feb 23, 2001
Originally Posted by teddy jam
Macau's Neighbors Face Visa Restrictions, Casinos Tumble
According to The Wall Street Journal, residents of China's Guangdong province are now eligible to receive a visa to visit Macau only once every two months. Before October 1, visas were permitted once a month, and the new traffic limitation could weigh on the performance of Asia's Las Vegas.
According to comments from Wynn Resorts (NASDAQ: WYNN - News) chairman and CEO Steve Wynn, the Macau casinos are still better off than they were last September. Wynn, said The Journal, told reporters last month that the once-a-month visas were an improvement over the prior once every three months policy.
As a whole, the Casino Stocks Index is off by -2.7% today. It is now underperforming the S&P 500 by -10% over the last month.
Melco Crown Entertainment (NASDAQ: MPEL - News) and Empire Resorts (NASDAQ: NYNY - News) are leading the sector lower by more than -6% in the sell-off.
Meanwhile, Las Vegas Sands (NYSE: LVS - News), Wynn, and MGM Mirage (NYSE: MGM - News), the sector's largest U.S.-listed players, are all down by -3% or more.
Over the last week the sector's performance has been widely mixed. Top winners, Empire Resorts and Ameristar Casinos (NASDAQ: ASCA - News) have added double-digit gains, while Wynn and Melcro Crown have lost -9% and -15% respectively.
Over the last month, Pinnacle Entertainment (NYSE: PNK - News) is a top performer, up over 10%. Riviera Holdings (OTC: RVHL - News), which trades on the pink sheets, is ahead by 35% for the period.
As of this writing, the Casino Stocks Index is one of the 10 worst-performing tickerspy Indexes over the last month, down by -7%.
ugh................................
That is killing my Wynn investment. What do you guys think Citi is going to do tomorrow? Up from here or still feeling the effects of today? I'm thinking Ishould have gotten in at like 4.67-4.70 today...
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hoping BAC does well. been holding from 9 and ready to unload...pause
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oh man i'm down today
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Surprise, surprise. Financials going down. I couldn't short financials today cuz my money still hasn't cleared.
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All my stops kicked in today. Came out ahead at the end though.
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Jobless numbers, unemployment, housing...all bad and will get worse, but that wont stop new highs next month as long as the $ continues to fall.
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make some quick moeny in FAZ, but man...holding ASFX is killing me.
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Unemployed people start using up their reserve funds, when that dries up, you cant pay the mortgage, and that will lead to even more trouble in housing.
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whats the good word on e-trade for the week?
and any other good plays fo rthis week?
and any other good plays fo rthis week?
