@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.

tyrannyoflogic · Sep 21, 2011 12:47 PM

NFLX booom SHORT SQUEEZE

tyrannyoflogic · Sep 21, 2011 2:09 PM

Tyranny, Dude, can you give me your read on the technical analysis of Goldman Sachs GS?  I am getting hammered here.

Nepali_American · Sep 21, 2011 3:05 PM

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.

tyrannyoflogic · Sep 21, 2011 7:40 PM

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.

guy_tensed · Sep 21, 2011 7:52 PM

   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.

Nepali_American · Sep 21, 2011 9:41 PM

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

OBAMA · Sep 22, 2011 1:08 AM

 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.

Nepali_American · Sep 22, 2011 5:04 PM

Prortfolio is down, visa bulletin sucks, as an aspiring immigrant, obama must go, although he is working hard. His policies are failure.

anon · Sep 22, 2011 5:18 PM

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 ...

tyrannyoflogic · Sep 22, 2011 8:07 PM

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....

OBAMA · Sep 23, 2011 1:40 AM