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Day Trading
 

So I bought 2000 shares BAC the other day for 5.70

And sold today at 6.45..

After cost per trade, I made $1100.

Nice!

Now I think BAC will go back down to the low fives, and if it does I'll buy back in. Right now it closed at $6.

Anyone else see good stocks to buy into right now?

I know Modee likes APPL, and I would of bought some if it hit 75 like I wanted it to, but it ony hit 78 and now it's 89ish.

I knew it would go up, but it didn't reach my get in price.

I like CAT, they are hard hit right now but short term there could be some good spikes in them. Long term I'm not sure how they'll do.

The only other stock I like right now is AMZN, which has their quarter reports coming out soon, and from what I hear it's going to be very good. The bad thing is AMZN is priced pretty high already, so I can't see myself buying in at (49), even though they'll probably jump to 55-60 when the reports come out.

I'm waiting for AMZN to come down a bit, before the reports, and I'll try to jump in, but I'm not sure if it will.

Who else is trading?

I trade a bit....
Usually into APPL, HOG, AMZN

HOG took a pretty good hit last Friday.
They announced their losses, factories closing, decreasing their shipping numbers and layoffs.
It went down to $9.89 in Pre-Trade.
It is currently at $11.54 at close of the day.
Up $.01 in after-hours.
52-Wk High: 09/19 $48.05
Dividend: 0.33
Prev. Close: $11.50
52-Wk Low: 01/23 $10.07

Short term for HOG I don't think is very good. They're expensive and mostly a toy for people. They have a good brand though, and it sells. Maybe if it goes down to $5 per share it would be good for long term, but other then that, I wouldn't touch it.

I'll most likely buy some shares of AMZN in the next few days.

I read this article the other day about people who play video games a lot, or used to play a lot tend to take more risks in life. They do things that are risky.

Day Trading is risky stuff, I know this and I know it's better to hold long term. I'm sure BAC a few years from now will be 20 or more. But if you're a good trader, I'm not saying I am, you can make good money.

Most people don't make money with it because they can't watch what they're doing, or they have other jobs, etc and can't be online all the time. I don't have that problem.

By the way Modee, what system do you use to watch stocks. I don't use anything right now and I think it's hurting me.

Ah, the first time I read that I didn't really understand it.

Now that I read it again, it makes more since. Thanks for pointing back to it.

Ah BAC!! +20% in early morning trading... and I couldn't buy back in yesterday because of the 3 day rule... bah!

So you lost out on about another grand??? CRAPPY!!!

Just about... bah..

I'm working on a new Brokerage account, and adding more funds so I won't be held back by this 3 day limit anymore.

I do believe we reached the bottom though.

Wait for the pull back and buy buy buy.

Do you mean until the stock drops back down and buy?

To hold long in BAC may or may not be a good idea.

To hold in AAPL is different, but AAPL doesn't move like BAC.

BAC has increased 40% in the past three days...

I say take your money and run while you can.

My only problem was I couldn't buy back in like I wanted to.

I plan on holding onto stocks for a while...Not sure where else to invest at the moment because of the economy :( Everyone says gold and silver!

Right, we had some great buying opportunities the last two weeks or so.

This week it seems a lot of the good news is here.

I do believe we have bottomed out.

As long as BAC doesn't go bankrupt, I think in a few years it will go back up to where the price was in 2007. Boy would that be nice! Whenever we get out of this depression or whatever you want to call it.

AMZN - Amazon.com, Inc. - Google Finance

Amazon.com Announces Fourth Quarter Sales up 18% to $6.70 Billion; 2008 Free Cash Flow Grows 16% to $1.36 Billion

Good call on AMZN. :)

I bought 300 shares earlier today. In after hours it increased so far 10%

Currently my $$ are all tied up in BOA stock.
I am waiting on the comeback...

When will it happen?????
This weekend?
Next week?

Any Clues??????????

Today...

I bought another 2000 shares of bac at 2.99 today

I'm holding long with them.

Eight Reasons Bank of America Is Going to $20 -- Seeking Alpha

I'm also stuck in SIRI and RDN...

I got greedy with siri.. and didn't sell when I had the chance... oh well it'll come back up in a couple weeks. I averaged down to .17 per share.

I think BAC will continue to climb until late next week at least.. I'm not sure how high, but I want to say 5-6...

People were mostly scared that the banks would be nationalized... that was put to rest early today. It should be up for awhile..

Quoting my own post.. yes! :)

BAC is currently at 5.33 with a high today at 5.45...

My predictions with it were right... and I'm holding on for 7-8ish

BAC - Bank of America Corporation - Google Finance

Good job Aspkin! I had C at $2.09 bought Friday a/h...but sold Monday...b/c it kept dipping, and the "nationalization scare" wasn't completely squelched!

If you want to play the financial recovery play, than UYG near $2.00 is good!
BAC was a good buy, b/c it's much better off than C.

I must admit, I'm a Siriot...I know, stock sucks, but product rocks! You can buy a lot to now, not that I suggest it...but I'm married to it, and I like buying stocks of products I use!

Some people think GE below $9.00's a good buy....but beware of their financial arm and its dubiousness!

If you are a real, real gambler, AIG under $.45 But how can you really buy such a Co. when their financial-picture has bankruptcy written-all-over-it, provided the US Government would allow it!

Missed the Stem-Cell run(s)...there are others...and I'll keep my eyes-out for you!

Good job netting some BAC profits! Any profits are good profits in this Market from the long-side!

PS: AMZN is a great stock, but you are right to be hesitant buying at this level...too risky! Great stock, and nice profitable Co. though!

Anything medical/health is a fair stock to have. (fair as in good). Years back I brought stock in the Cochlear Bionic ear company. Great to this day.:D
People always want good health etc.

Good to hear of fellow poster's success; Medical can be great...it just has never been my specialty! I would have bought ABT from Carter Worth's recommendation of a good "recession-proof stock" right before the Market's started to decline rapidly! In hindsight, you would have NOT LOST SO MUCH MONEY in it, but it never has had the bull-run it could have in a decent market; Also, I remember when Schering-Plough was bruised and battered under $13.00, and now it trades $17; But you would have been a little brave to buy-it-then, b/c it lost the efficacy of one of its major colesterol drugs, I believe, and Cramer was dissing it as a "betrayal" of his beleif in the Co. and CEO; I mention that one, b/c they have operations in my home city! Still THOR has been gaining attention, and I made a bit of money on WHRT, when it was a penny stock...

At any rate...I'm "stuck-in-SIRI" too, as most longs are...it is very manipulated, SHO-ed and its stock-structure is "penny-ish", meaning 4-billion+ shares outstanding, with a potential to 6-billion if Malone from DTV converts the preferreds into a 40% ownerhip stake! My position in SIRI is a very long-term investment, for two reasons: 1) The appeal and value of the product, and 2), It's current, near-monopoly status!

More about both...I just re-upped my two subs, to lock-in their rates, which will increase on the extended portion of your multiple sub-plan (they are not allowed to increase base-sub rates on 1-primary sub alone...per merger agreement with the FCC!), at a price of $226 for 1-year...and that includes up-graded web-Sirius, which will no longer be free after March 16th 2009; I could not stand to not have Sirius in my home/vehicle, b/c I don't do CD's or Ipods, and I love radio; I can't stand the annoyance of am/fm (although there are some programs I will listen to, and especially community radio and some late-night am-stuff-----although I don't now that I'm all SDAR!). Bottomline, I personally find subscribing to two subs (home and car) allows me all the radio I need, and I enjoy it immensley...a bit annoyed hearing too many commercials on CNBC (I listen less and less to that, b/c it is as annoying as any Rush Linbough type programming), and Bloomberg...but the music and the specialty programs, from Cofffe-House to Reggae to Greatful-Dead...Bob Dylon on XM, now Sirius too...in fact there's really too much good musical programming to be able to really enjoy it all! So, that's why I'm am huge believer in Satellite-Radio, the product!

2) The financials and eventual profitability of the Co., has in no way been validated yet with this PPS; They still have a lot of hoops to jump-through, even to assure their financing going forward; The $550 million commentment from DTV is conditional on their not getting a "going-concern" qualification in their 4th-quater 2008 report! Still, they need to finish some other financing, in order for DTV to commit all their funds they've stated they will provide! I happen to think SIRI will get-through these immediate hoops, which will allow it to survive until the Markets improve; That's the name of the game now, no only for SIRI, but for so many companies!

So, while I'm heavy in the bag-holding with SIRI, I would like to take the opportunity to average-down, strategically at these levels, betting that the Co. survives, and turns a profit sometime in 2010! Once SIRI shows they are about to turn-a-profit, that's when all-best-are-off with their penny-stock PPS; Of course, a lot can go wrong...still, and their headwinds are immense; But, I believe enough in the medium, that I think they'll make it, eventually! 20k shares could even be worth a lot some-day...and that's roughly $2,600...at $.13; Of course, it's a bit of a long shot thinking that $.13-cents could turn-into $1.00+ plus some day relatively soon, but it's not altogether improbable, IF financing is thoroughly complete, and a road to profitability is clearly demonstrated; We'll know a lot more in soon-to-be-released 4th-quarter results! Until then and even near-term beyond, expect "more-of-the-same" and even possible down-side on the un-certainty of it all, or heaven forbid, they show a strong loss-of-subscriber growth!~
There is a reason this stock is $.13-cents! But there's also a realistic posibility, based on logical assumptions, that this could easily be a $1.00+ dollar stock in the not-terribly too distant future!

At any rate, I'd better stop...b/c I could go on-and-on-and-on!

Good luck to everyone in their trades and investments; We certainly need it from the long-side of things!

I have 23500 shares of SIRI...

I actually bought a lot at 7 cents per share.. and I felt it would go higher, maybe up to .50 per share so I bought more at .24 per share and so right now I'm averaged in at .16 cents per share. :(

I got greedy... and didn't sell when I had the chance.

But I feel okay with SIRI.. it's starting to SLOWLY climb back up.. SLOWLY...

Lol.. it'll be a couple months to reach back to .16 a share at this rate..

Nice average!
 

At least we hit the high-end of your average-price Aspkin---today!
The sustaining volume was under $.14...but the breaking-resistance volume got us to hit and close at today's high; Consequently, a buy-signal on today's chart!

Now if we just don't screw-this-momentum up with bad-news, it could get good!

GLTUA! eom!

Holy!

I missed that while watching BAC all day...

The iPhone app for SIRI will be a big success, that's good stuff. I didn't think it would make the stock jump though..

Do you think it will hold?

I should have averaged a little lower while I could.. good stuff either way.. BAC down SIRI up.. lol

Oh wait nevermind...

Still why the jump?

Sirius reply...
 

No-one really knows "why-the-jump"; 6-million shares were bought at the close to have us hit $.16 for the close; Yes, the Apple-Sirius-Iphone app. has been "non-approved", meaning it isn't out-right rejected, but delayed; Yet many satellite-radio fans received emails yesterday telling them to prepare for a big-announcement about a "3rd-way-to-hear-their-favorite-programming"; Some are saying Sirius-XM Radio will be available on other phones, including Verizon and Sprint; Verizon owns a millon+ shares of SDAR, btw.

But regardless of "why-the-jump", I just want to focus on the underlying fundamentals and the chart; We had one of the best chart-signals for the long-play, in quite a while---a longer-white-close-at-the-high candle. It's validity will be confirmed on Monday.

Still, imo, accumulation of a sizeable position of shares under $.15, would seem very prudent; Your pot isn't anything to sneeze at....10k shares was a lot in 2003, now 20k shares is somewhat sizeable, but if Malone takes us to 6-billion shares, you'll probably need 25K+ shares to really make-the-grade!

I was thinking about you yesterday watching BAC; At first it seemed to be separating itself from the more severe trouble of "C"; As time goes-on, BAC is even looking to fall-prey to the same concerns as "C"; Check-out today's Yahoo-Finance stories about BAC....

But, I think both stocks are a long-term hold; I think "C" is a steal below $1.50, even with semi-nationalization; We are in the worst financial melee since the Great-Depression...winners-and-sinners will be parsed, but such heavy-weights as BAC-and-C, will imo, survive, and overcome the government's hand!

GLTUA---we really need it! Even Buffet is hurting, relatively!

Nice post..

SIRI was a surprise, I'll probably take my profits with it and run if it jumps past my average. Knowing things it will probably come back down a little bit, even if it's temporary.

BAC is going to have a tough week coming, if you want to get into it look for the low 3s...

AIG and C are killing things right now.. Oh well. :)

C might be a good buy since the Govt now owns 36% of them. Globally this recession is hurting everyone, Govt stake in C makes it look stronger. I am still pssst at BofA about those execs taking billions on bonuses, alot of my friends are boycotting BofA now.

Spamming MOFO! Lol Coolandcalm 150+ posts.. locking in that Executive [VIP] I see.

just stay away from Citi...can you say Nationalization.

I used to study day trading books like a religion but never had the 25K to open an account got as far as penny stocks, still got about a million shares at .0000001 per share. As soon as I get 25k from ebay and amazon it's going straight into daytrading, I'm gonna start out trading the opening gap with nasdaq level II screen, s&p 500 and dow indicators and a couple candle stick charts.

You don't necessarily need $25k to start, you can start with much less and just add 1k a month, waiting to have 25k saved up is what can really kill you, think of all the money you could have made in the meantime while you were saving.

I like a few stocks out of Ireland right now. I just got AIB and IRE, but I don't necessarily look for things that you can buy and sell same-day, more of the 7-10% or more return within 60 days strategy. ELN and HGSI were a few that just did really well for me in that same token.

... and yes I did play a lot of video games as a kid.

Right, I first opened a TD Ameritrade account with I think 5k starting. The minimum was I think 1k to open the account.

How do you like Ameritrade?

I like them very much. They have an iPhone app, so I'm able to trade stocks anytime with them.

I use ameritrade to but you can't make more than I think 1-2 daytrades per day, if I'm not mistaken, unless you have an actual daytrading account which requires 25k min. I'm also looking to start trading options which requires less startup but still day trading with the nasdaq level 2 screen is what I know best.

With the same stock jbuntz? You need a margin account then.

Yeah I know with 2k you can get a 2-1 margin account but your daytrades are limited, with 25k you get a 4-1 margin with unlimited daytrades and you've got 100k of buying power.

Both stocks went up around 10% today. :)

Where I live the AT&T service is spotty, so I have an HTC.

Hey! I'm slowly but surely looking into getting into trading.. Would you have any advice for me?