Any stock day traders in here?

m4a1mustang · 10-20-2009, 07:49 PM

LOL Joe. Nice.

370Zsteve · 10-20-2009, 07:57 PM

Quote:

Originally Posted by JoeD

Cramer is an intelligent man who has lead a very successful career as a fund manager. Yes, he is merely an entertainer, but his principles and ideas are no different than what any other knowledgeable broker/manager would advise any of his retail investors. Note I said principles and ideas and retail investors. Individual picks, on the other hand, are a different story. I would not advise anyone to act on a single stock-pick they see or hear about on TV or any form of mass-media. CNBC and Bloomberg should be used strictly as they are intended for as a news outlet, not investment advise.

370Zsteve, please refrain from wasting my time by responding to my posts. Become a fund manager by profession, and then perhaps I will give you the time of day. Thanks.

Now JoeD is a fund manager. LMGDFAO! What a douche! And it's advice, dumbsh!t, not advise.

Fund manager. LMAO!

I had to edit this...since I just read the whole paragraph where the Fund Manager (lmao) states that "(Cramer's) principles and ideas are no different than what any other knowledgeable broker/manager would advise any of his retail investors"

Joe, I was advised not to feed you. I'm taking that advice, you reek of absurdity.

m4a1mustang · 10-20-2009, 08:06 PM

Joe is an equity trader... never said he was a fund manager.

You are an IT Consultant... so who are you to give investment advice? You come in and tell us that the premise of this thread is stupid, because you've read books that "prove" it. Like RCZ, how is that productive? If you want to discuss your portfolio theory, start another thread. It's pretty damn simple.

370Zsteve · 10-20-2009, 08:21 PM

Quote:

Originally Posted by m4a1mustang

Joe is an equity trader... never said he was a fund manager.

You are an IT Consultant... so who are you to give investment advice? You come in and tell us that the premise of this thread is stupid, because you've read books that "prove" it. Like RCZ, how is that productive? If you want to discuss your portfolio theory, start another thread. It's pretty damn simple.

Ah. I'm an IT Consultant now. Perhaps I used to work on Wall St. Who knows, eh? You'd better re-read the subject of the thread, also my previous posts. I never said the premise of the thread was stupid, I presented my viewpoint of daytrading. I even gave a stock pick. And I never said I've "read books". In fact I said I "haven't read a lot of books". Get your facts straight, and let JoeD fight his own war with his ego. Or does he need your help?

Probably a good time to leave this thread to the fund manager and Cramerica.

JoeD · 10-20-2009, 08:24 PM

Quote:

Originally Posted by 370Zsteve

Now JoeD is a fund manager. LMGDFAO! What a douche! And it's advice, dumbsh!t, not advise.

Fund manager. LMAO!

I had to edit this...since I just read the whole paragraph where the Fund Manager (lmao) states that "(Cramer's) principles and ideas are no different than what any other knowledgeable broker/manager would advise any of his retail investors"

Joe, I was advised not to feed you. I'm taking that advice, you reek of absurdity.

LOL...you are not only a Wall St. whale but a scholar of the English language, too.

Since your reading comprehension is at a level far above mine, can you perhaps point out where I said I was a fund manager? Good luck with that. Oh, and BTW...pat yourself on the back for dwelling on one of my very rare typographical errors. Having to nit-pick on such a level is certainly a sign of a strong argumentative stance on your position.

MODS: Please fell free to clean up this thread, but please don't lock/delete it. It would be a shame for this topic to go to waste, although it would be beneficial to start a new thread...perhaps with an age-requirement for entry?

370Zsteve · 10-20-2009, 08:30 PM

LOL, bye Troll

370Zsteve · 10-21-2009, 09:21 AM

Quote:

Originally Posted by 370Zsteve

You want a tip? Buy Eli Lilly asap, hold it for ten years, you'll be rich. Look at the cash flow, look at the P/E.

I should stay away, but how can I resist? Do your due diligence, research and invest in companies that will make you real money rather than listening to fast-buck types that chase squiggly lines around a chart all day.

We now leave this thread to the line-chasers, as they cannot handle constructive criticism. Mebbe I start a thread about how to "invest" and not "speculate". Y'all are welcome to join it and flame the living crap out of me.

Lilly swings to profit, raises forecast

BOSTON (MarketWatch) -- Eli Lilly & Co. said Wednesday it swung to a third-quarter profit after solid sales in the 2009 quarter as well as year-earlier litigation charges related to its drug Zyprexa.

Lilly (LLY) posted net income of $941.8 million, or 86 cents a share. In the year-ago period it lost $465.6 million, or 43 cents a share.

Last year's quarter featured a charge of $1.48 billion associated with litigation over its psychiatric drug Zyprexa.

This year's quarter contained a charge of $425 million related to the sale of its Tippecanoe, Ind., facility to chemical-maker Evonik Laboratories AG.

Excluding various items, Lilly (LLY) would have reported adjusted earnings of $1.20 a share versus the year-earlier 98 cents.

Revenue for the quarter rose 7% to $5.56 billion.

Lilly's results topped Wall Street estimates. A poll of analysts by FactSet Research pegged Lilly at posting earnings of $1.02 a share, on revenue of $5.41 billion.

Lilly's positive report prompted the company to raise its financial forecast for the year. The company said that it now expects full-year adjusted earnings of $4.30 to $4.40 a share, compared to its previous forecast of $4.20 to $4.30 a share. Reported earnings per share should come in between $3.90 and $4.00.

Analysts were expecting a profit of $4.29 a share, according to FactSet.

Sales of the company's best-selling product, the psychiatric drug Zyprexa, were $1.22 billion, up 3%. Sales of the antidepressant Cymbalta, its second best-seller, rose 10% to $790 million.

The company's diabetes product Humalog saw sales climb 16% to $500 million, while sales of the oncology product Alimta took in sales of $462 million, up 47%.

JoeD · 10-21-2009, 02:49 PM

Hope it now makes sense to others why I covered yesterday.

Bought AAPL pre-market today at $199.41 and sold a little too soon at $205.29. Got back in at $204.83 where I'm holding my current position. Stop is set at $206.50, sell on a 0.5% break-out of today's range.

AAPL is one of the easiest stocks to trade around earnings.

JoeD · 10-21-2009, 03:37 PM

Quote:

Originally Posted by 370Zsteve

I should stay away, but how can I resist? Do your due diligence, research and invest in companies that will make you real money rather than listening to fast-buck types that chase squiggly lines around a chart all day.

What position are you in to talk down on trading? You do know that some of the biggest financial institutions in the world have a good portion of their revenue-structure centered around trading, correct? Go tell Goldman Sachs that they are wasting time chasing "squiggly lines” and “buy and hold” is the only way to go. Oh yeah, that’s right…buy and hold was dead for a two year period between early '07 and early '09.

Trading is not about making a speculative "quick buck." Those who treat the markets like a casino usually come out short in the end. Properly executed trades can essentially multiply long-term growth. Of course I have investments which are managed by other professionals that I don't need to watch on a daily basis, but even an abnormally high 40% yearly return on an investment doesn't compare to 1-1.5% daily returns from trading.

A perfect example of this is AAPL, one of the few stocks I can mention as my firm holds no current position. I was just stopped out and I still booked a sizeable profit between yesterday and today. Go back and monitor my trades.

370Zsteve · 10-21-2009, 05:00 PM

Quote:

Originally Posted by JoeD

Go back and monitor my trades.

Joe, I guess my problem with you is that everything is past tense with your alleged trades. You see the same thing on garbage sites like Yahoo Finance.

I can't really say you're full of it, nor can I say your trades are real. All I know is, folks that claim to make 1-2% daily via trading rank very low on my Veracif!er BS Scale. Very low.

Take for example a post I made on my new thread.

Quote:

Originally Posted by 370Zsteve

LOL, nah. But I do have a limit order for more Eli Lilly at 33.70...........

My cost basis should now hover somewhere around $30/sh

It's all real-time. I'll check it's performance every now and then, no worries.

I suppose if I was about to retire the current market would be a drag. I took a nice hit last year. I'm sure you did extraordinarily well, of course. I used the opportunity to move a lot more money into stocks, and I focused on cash-flow, low-debt, high dividend yield large caps.

I guess time will tell. I'm a patient investor. And Joe, you are no Goldman-Sachs.

RCZ · 10-21-2009, 05:25 PM

Thanks for ruining the thread 370zsteve. You have been so useful. Mods Can we please get a clean up....

Just let him talk guys, **** him.

Lets keep this thread on track.

That damn downgrade of wfc made a mess in my portfolio today.

shabarivas · 10-21-2009, 05:29 PM

Holy crap this thread got shat on! lol... thats what you get when you are away from the 370 world for more than 2 days lol... Anyhow - Anytime you respond to media telling you to buy / sell... you have to remember that other people will react faster than you... which is why you try and make those predictions BEFORE they announce it... there is risk associated with everything...

370Zsteve · 10-21-2009, 05:37 PM

Quote:

Originally Posted by RCZ

Thanks for ruining the thread 370zsteve. You have been so useful. Mods Can we please get a clean up....

Just let him talk guys, **** him.

Lets keep this thread on track.

That damn downgrade of wfc made a mess in my portfolio today.

RCZ, I think I apologized after your little hissy fit the other day. I started a new thread that reflects my tastes. I learned something...Never tell someone on an internet forum that they are full of crap. It's an argument that no one will win.

RCZ · 10-22-2009, 02:53 PM

Its ok, keep talking.

Good afternoon for the market today.

370Zsteve · 10-22-2009, 07:43 PM

Quote:

Originally Posted by RCZ

Its ok, keep talking.

Good afternoon for the market today.

10-20-2009, 07:49 PM	#61 (permalink)
m4a1mustang A True Z Fanatic Join Date: Feb 2009 Location: Northern VA Posts: 55,385 Drives: on two wheels Rep Power: 6962	LOL Joe. Nice. __________________ - Steve Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!) LIKE us on Facebook!

10-20-2009, 08:06 PM	#63 (permalink)
m4a1mustang A True Z Fanatic Join Date: Feb 2009 Location: Northern VA Posts: 55,385 Drives: on two wheels Rep Power: 6962	Joe is an equity trader... never said he was a fund manager. You are an IT Consultant... so who are you to give investment advice? You come in and tell us that the premise of this thread is stupid, because you've read books that "prove" it. Like RCZ, how is that productive? If you want to discuss your portfolio theory, start another thread. It's pretty damn simple. __________________ - Steve Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!) LIKE us on Facebook!

10-20-2009, 08:30 PM	#66 (permalink)
370Zsteve A True Z Fanatic Join Date: Sep 2009 Location: Gold Coast CT Posts: 10,599 Drives: 2019 Corvette G.S. Rep Power: 43	LOL, bye Troll __________________ SOLD MY Z MARCH 2018 - another Core OG moves on - new ride 2019 Z Corvette Grand Sport - no mods necessary but already have eyes on HFC and intakes LOL IT NEVER ENDS.

10-21-2009, 05:25 PM	#71 (permalink)
RCZ A True Z Fanatic Join Date: Nov 2008 Location: Miami Posts: 6,403 Drives: '09 370Z Rep Power: 1119	Thanks for ruining the thread 370zsteve. You have been so useful. Mods Can we please get a clean up.... Just let him talk guys, **** him. Lets keep this thread on track. That damn downgrade of wfc made a mess in my portfolio today. Last edited by RCZ; 10-21-2009 at 05:28 PM.

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10-21-2009, 02:49 PM	#68 (permalink)
JoeD Banned Join Date: Aug 2009 Location: CA Posts: 495 Drives: Z Rep Power: 0	Hope it now makes sense to others why I covered yesterday. Bought AAPL pre-market today at $199.41 and sold a little too soon at $205.29. Got back in at $204.83 where I'm holding my current position. Stop is set at $206.50, sell on a 0.5% break-out of today's range. AAPL is one of the easiest stocks to trade around earnings.

10-21-2009, 05:29 PM	#72 (permalink)
shabarivas A True Z Fanatic Join Date: Apr 2009 Location: Sacramento, CA Posts: 2,188 Drives: 370z MB 6mt Rep Power: 914	Holy crap this thread got shat on! lol... thats what you get when you are away from the 370 world for more than 2 days lol... Anyhow - Anytime you respond to media telling you to buy / sell... you have to remember that other people will react faster than you... which is why you try and make those predictions BEFORE they announce it... there is risk associated with everything...

10-22-2009, 02:53 PM	#74 (permalink)
RCZ A True Z Fanatic Join Date: Nov 2008 Location: Miami Posts: 6,403 Drives: '09 370Z Rep Power: 1119	Its ok, keep talking. Good afternoon for the market today.