sell! sell! sell!

[tiznow]

yen just spiked down big and japan rallying only down 50 points now

dow futures up 38

up looking good as of this moment guess i'll say yes and be a bull for a day :lolBIG:

that said probably not a good idea to listen to a bear that is turning bullish very near term though

 

[cussin'it]

market will get a fair bounce tomorrow

 

[tiznow]

crap cuss saying bounce coming maybe i am wrong (being bullish very near term i mean)

but my general perspective is if we do not bounce at these levels

gonna get messy fast and you haven't seen nothing yet as major technical damage will be done

 

[BetIt]

where do you get real time asia quotes...i only see it on yahoo which is delayed 15 minutes.

 

[tiznow]

some not delayed

bloomberg.com has pretty up to date quotes for japan now green

real time for china here http://www.sse.com.cn/sseportal/en_us/ps/home.shtml

and US futures here, dow futures up 65 now

http://money.cnn.com/data/premarket/

up looking very solid at open at least in US

here's live yen quotes vs. other world currencies too a key to world markets

http://www.forexdirectory.net/jpy.html green means yen down aka good for markets

red means yen up bad for markets

 

[tiznow]

taiwan a 3% reversal talk about a biggity bounce

get ready to have your fun for a bit bully

 

[Hitman26]

yen just spiked down big and japan rallying only down 50 points now

dow futures up 38

up looking good as of this moment guess i'll say yes and be a bull for a day :lolBIG:

that said probably not a good idea to listen to a bear that is turning bullish very near term though

So if the market is up tomorrow, you were right. If it's down, you will be all giddy and post your bear roar pic and claim victory again? So right now you are a 1 or 2 day bull?


You can't lose can you when you talk out of both sides of your mouth.

 

[tiznow]

i'm a bull in spirit for tomorrow not in practice

i don't trade much at all just like to rant

i'm a long term diversified investor and activiely adjust my portfolio accordingly to where my moderate term bias lies

at this point in time its bearish

 

[VaultedTreehouse]

I wake up to another dollar flush. Brand new all-time low against the snail like economic growth of our European neighbors....That dollar bounce of 2 cents lasted about a week. Niceeeee!

Rally time today!

 

[Dawoofdaddy]

Took a shot with a daytrade buying BIDU @ 317.55

 

[VaultedTreehouse]

Woof how many shares are you buying of a 300 dollar stock? You are much better off playing the options.

 

[Dawoofdaddy]

VT, come on man.

It doesnt make any difference how many shares.

If you buy 100,000 shares of a $3 stock, 10,000 shares of a $30 stock or 1,000 shares of a $300 stock and it goes up 1%, which one earns more?

 

[VaultedTreehouse]

Of course it matters.

Buying 10 shares and hoping it goes up 10 bucks nets you a 100 bucks. But an online trade, say 10 in either direction and you really aren't making much of anything. Plus, enough online trades(back and forth in one calendar day and they flag you as a daytrader(which happened to me). Risk reward you go for options when you have a lower balance.

 

[Dawoofdaddy]

People only have X amount of money to invest or trade, so the price of the stock isnt relevant.

You can make the same amount of profit or lose the same amount, regardless what the price per share is.

This is a pretty basic level of understanding.

:think2:

Options are something Im not familiar with. But with trading like I am, the price of each share doesnt make any difference.

 

[Dawoofdaddy]

Not feeling the greatest this morning, so decided to bag nearly 8$ profit per share and sold the bidu at 325.40

Will be back in afternoon after some rest.

Another bad day for financials like cfc, fnm, fre, but market holding up nicely so far.

 

[tiznow]

well we up 1% too bad dollar getting trashed

oil skying, gold skying

arty:

being a bull for a day is fun

:smoker2:

 

[VaultedTreehouse]

People only have X amount of money to invest or trade, so the price of the stock isnt relevant.

You can make the same amount of profit or lose the same amount, regardless what the price per share is.

This is a pretty basic level of understanding.

:think2:

Options are something Im not familiar with. But with trading like I am, the price of each share doesnt make any difference.

If it works for you then stick with it. I'm strictly an options player b/c I have never been risk averse. If anything its hurt me as most of my plays have been puts and the market seemingly went up against all odds the last few years. But don't get involved, they are addictive and you seem much more conservative than me....That's a good thing.

 

[tiznow]

consumer dieing and our results were kinda crappy but hey guys we are taking on more debt to buyback more stock and limit supply of our shares good times!!

arty:

----------------------------------------------------------------------

http://biz.yahoo.com/ap/071120/earns_target.html

Target 3Q Profit Slips, Misses Estimates
Tuesday November 20, 9:43 am ET
By Joshua Freed, AP Business Writer
Target 3Q Profit Off 4 Percent, Missing Analyst Forecasts on Weak Sales of Higher-Profit Items

MINNEAPOLIS (AP) -- Discount retailer Target Corp. said Tuesday that third-quarter earnings dipped 4 percent, missing Wall Street forecasts, because of weak sales in high-margin categories such as clothing and home furnishings.

Target also said its board has authorized a new $10 billion share buyback program that at current prices would cover 20 percent of its outstanding shares. Target said the buyback would be funded partially by additional debt.

Its shares fell more than 2 percent in morning trading.

Third-quarter earnings fell to $483 million, or 56 cents per share, from $506 million, or 59 cents per share, in the prior year.

Quarterly sales grew 9 percent to $14.84 billion, from $13.57 billion in the third quarter of 2006.

Analysts surveyed by Thomson Financial forecast earnings of 62 cents per share on revenue of $14.83 billion. The earnings estimates typically exclude one-time items.

Target shares fell $1.42, or 2.7 percent, to $52.48 in morning trading.

"Our third quarter earnings were disappointing due to soft sales in our higher margin categories, leading to lower-than-expected gross margin in our core retail operations," said Chairman and Chief Executive Bob Ulrich.

Quarterly same-store sales increased 3.7 percent. Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.

Target said it expects to complete the new share repurchase by the end of 2008. Despite using debt to fund some of the repurchase, Ulrich said the buyback would still allow Target to "maintain our strong investment-grade debt ratings within a prudent range while allowing for substantial value to be returned to our shareholders."

 

[tiznow]

http://biz.yahoo.com/ap/071120/earns_freddie_mac.html

Freddie Mac Loses $2B, Seeks New Capital
Tuesday November 20, 11:20 am ET
By Marcy Gordon, AP Business Writer
Freddie Mac Sets Aside $1.2 Billion in 3Q for Bad Home Loans; Seeking New Sources of Capital

WASHINGTON (AP) -- Freddie Mac, the nation's No. 2 buyer and guarantor of home loans, lost $2 billion in the third quarter and said Tuesday it must raise fresh capital to meet regulatory requirements. Its shares fell more than 26 percent.

The quarterly loss was the largest ever for Freddie Mac which, like its larger government-sponsored competitor Fannie Mae and a number of large investment banks, has been slammed in recent months by rising defaults on home mortgages.

The mortgage financier said it is "seriously considering" cutting in half its dividend in the fourth quarter and has hired Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. as financial advisers to help it examine possible new ways of raising capital in the near future.

Freddie Mac said it set aside $1.2 billion in the turbulent July-September period to account for bad home loans, reflecting "the significant deterioration of mortgage credit."

 

[tiznow]

eric (ericisson) just warned took a 10% nosedive