They say September is the time to buy tech stocks. I don't know. Perhaps.
I have Apple and Salesforce in my portfolio from tech sector. I feel strongly about both of them.
Apple will probably soar when iPhone5 is released. Maybe even to $500 or higher this time around next year. I am thinking of loading up some more on AAPL.
Salesforce seems to be leading the market in Cloud Computing arena. As recession looms, I think more and more companies will move their infrastructure into the Cloud and Salesforce stands to profit. I am hoping to see some level of bounce on the stock price now that Dreamforce convention is over.
I also have NOK and UMC, somewhat from tech sector these two, that I am fixing to sell.
Italy downgraded....looks like bear flag might play out ....lock in your stop losses
Tyranny, do you recommend any good book or website on technical analysis?
Glad that I bought JNPR earlier because Cramer did a whole segment on it later. He seemed to agree with my thoughts that this stock has hit the bottom. Let's see how it does going forward.
@Nepali_American,
Cramer surely moves stocks...the cramer effect, active traders capitalize on the cramer effect he is one of the pumpers hehe ..is all , besides being loud and obnoxious. I got nothing against the guy except for the fact that I dont like him...but boy he is obnoxious...and if you have noticed he is against technicals and all for dividends
Stockcharts.com for delayed data its free,It has a chartschool or something
papertrading account on Thinkorswim for realtime streaming charts(their other data is not real time)
I am not a big fan of books...have not read a single book about stock trading.
I have gotten a couple of pm s about learning to trade/technicals...I myself asked questions here in sajha before but got no response..so I had to learn the hard way(by losing money)
Its not much that i know, (experts please correct me if i am wrong) but here's what i know ...
Start out with candlestick charts...learn what each candle means
technical indicators I like- VOLUME, MACD , RSI , On balance Volume , Parabolics
Then move on to trends and patterns ( feri ali ali pattern milyo bhandaima jabarjasti milaidine chai haina ni ...hehe..at least thats what i did sometimes)
it all boils down to how to read and interpret the charts properly..not google finance charts but charts with studies in them
and then finally strategize...entry and exit points, where to take profits and the most important WHERE TO CUT LOSSES..
Good luck
Thanks Tyranny. I think I am getting the hang of it.
I am seriously getting beat up in this market. First of all, S should I wait for its turnaround or just sell it, I have zip, GM and GLD, thank god I got out of BAC. Any recommendations for most buy guys. I always thought Appl was too expensive but its still increasing by leaps and bounds.
BAC inching down towards 6. S inching up toward 3.5. I might buy some BAC as it hits the low and bounces up a little. I might sell S as it passes 3.55. Dunno about GM. But am holding GLD for now.
BAC just got downgraded 6s might not even hold and even if it held..it would be good jst for a scalp
Fed statement at 2.15 eastern operation Twist.
ZIP nearing its previous bottom ...watch if it holds 17s
GM watch bottom, nothing definitive as of yet
As for S, the announcement of iphone 5 is gonna burn Sprint, keep up with the VZ and T merger, the last time T got slammed with antitrust issues S was on rocket fuel
GLD is holding pretty good , I think you are up on this one arent you anon? Take some profit the next time it retests highs
I am long some NFLX on chatter that they are gonna announce some billion dollar investment with Microsoft today....and the candle today as of yet looks prime for a bounce
Just my opinions
G luck
Tyranny,
What is your opinion on LVS chartwise?
About NFLX, those sell offs in the massive volume are no lies.....This stock is dead in my opinion....If MS deal is real then it may get some POP then i will be buying some puts in that POP.
@sidster Its jst chatter about NFLX, m jst gambling a little at this point, jst in a few , cuz this stock moves like crazy , and I aint holding for long I might sell at EOD or in tomorrow's open m risking a 100 bucks , m in the red 50 rt now
. I post a chart on LVS in another thread.
Tyranny,
Dude, can you give me your read on the technical analysis of Goldman Sachs GS? I am getting hammered here.
Its a tough market...if you look at the charts of all the big board stocks most of them(which are not in the spotlight/news) are somewhere close to the bottom where it landed after the AAA downgrade and all that crap ....
Even Apple closed red and it was outperforming SPY all day long.
This right here is the critical level imo.I am hoping for a relief rally tomorrow if not then BEARS are in the house, time to short
@Nepali American , Chartwise GS gave up the previous bottom and i believe its in a downtrend,
my opinion, sell when the market is green. If its just crashing like JASO and FSLR then there's no point in holding. If it cycles up , watch if it breaks previous high to hold, sell if it doesn't break previous high.
Just my opinions, dont bet on it.
Which Broker do you guys use ? Would you share Pros and cons if you dont' mind ?
Thanks.
I am thinking of opening new account in Optionhouse, Tradeking or Scottrade ? Could you give insights ? Thanks.
Thanks Tyranny. This is classic case of " how low can it get?" When GS was at $115, I thought it hit the bottom. Now it is hovering around $98. And that is from the year high of $172. Oh well.
Guy: I use Bank of America's Merrill Edge because it allows me 30 free trade for having certain amount of balance. But I think my trade volume surpasses that 30 trades/month easily. Tyranny, suggested Speedtrading the other day, which looks like a good deal if you are a trader, not long term investor. I have not signed up with them yet. Lot of these brokerage give certain period or number of free trades, like for eg. TD Ameritrade used to give free trading allowance for first 60 days. You might want to look around and see which best meets your needs. Hope this helps.
Don't throw on towels yet guys....if u guys didnot have stop loss on yr stock and watching the bloodbath, its not time to sell. If u r using margin and getting margin calls, then its different. For the cash accounts, u will get back this paper loss if we dont close below 1100 on S&P. Thats important....close below 1100...get in cash.
So much pessimism....so many shorts out there....market wont breakdown on this kind of sentiments. There is something which will pull the market up....I have no idea what it is though !!!!
I had mentioned it before(no reason to remember for anyone)...its not time to get into bank stocks.....however cheap they look....no fundamental supports....no technical supports.....
Good LUck
You know what, President Obama, I have to admit I am tempted by the bank stocks. BAC, MS, RBS, BCY..... I know it's risky and we don't have enough information, but man, those stocks are low...question is.... how much lower can they get?
By the way, if you don't turn this economy around pronto, I ain't voting for you. As much as I hate it, I have to consider the republican, nutzoid as s/he may be.
Prortfolio is down, visa bulletin sucks, as an aspiring immigrant, obama must go, although he is working hard. His policies are failure.
Its the rightwingers in congress thats messing things up if u ask me ....making everything political powerplays, any other president would have been in the same spot given the situation ...
I remember reading an article in nepali magazine may be 15 years back....nepali writer quoted some american or european writer who said that americans and europeans are richer because rest of the world is poor.....
Due to globalisation, money is flowing all around the world and wealth is redistributed from rich economies to emerging economies....europe and america is in midst of debt deleverageation....pain, uncertainty, political bickerings are part of the process....we r aspiring immigrants to not exactly best economy in the world....but spending 10-15 hours in a week in investing world and developing our ways to little bit more money and better retirement surely help us in great way......
stay in touch guys.....and possible...lets run only one thread for our discussions.....
Good night....
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