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October 15th, 2008, 11:03 AM
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Executive Member
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Join Date: Mar 2006
Posts: 1,103
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Market prediction
Just a heads up the market will probably be going down for the rest of the day. S&p 500 is at 955 at this time
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October 15th, 2008, 11:43 AM
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Senior Member
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Join Date: Jun 2008
Posts: 468
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Don't go too far out on a limb. 
Hot Tip:
LACO 5.96 +0.30 +5.30%
Pretty good action for a market down day.
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October 15th, 2008, 12:21 PM
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Executive Member
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Join Date: Mar 2006
Posts: 1,103
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Ha ha. Well it's one thing to say the market will be down for the rest of the day. It's another thing to say the market will be dropping further. Every point the S&p 500 moves, I make or lose $50 since I daytrade its index future. LACO does look pretty good but I believe it has already made the majority of its move.
Last edited by Thunder; October 15th, 2008 at 12:24 PM.
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October 15th, 2008, 01:02 PM
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Executive Member
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Join Date: Mar 2006
Posts: 1,103
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That being said I'm taking a profit here at 931.00 for a 24 point gain or $1200.
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October 15th, 2008, 01:12 PM
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Senior Member
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Join Date: Jun 2008
Posts: 468
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Nice job. Not bad for a day's work.
I don't day trade but do very short term trades.
I'm looking at LACO as a probable 5-bagger in less than a month.
I'm also interested in PNK since it is so cheap. Could result in a quick double.
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October 15th, 2008, 01:23 PM
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Executive Member
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Join Date: Mar 2006
Posts: 1,103
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PNK could be a double but it first has to break 6 imho.
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October 16th, 2008, 01:22 PM
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Executive Member
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Join Date: May 2007
Location: Midwest
Posts: 2,800
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I'm starting to think this is the time to buy. I'm NOT calling a bottom by any means, but it seems like the market is getting very undervalued, even if we enter into a pretty bad recession and earnings drop. I still don't like financials, and the market is volatile as hell, but this seems like a good time to just start slapping money into and index fund.
Prices may yet go lower, but I think there's some real long term value.
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October 16th, 2008, 03:09 PM
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Executive Member
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Join Date: Nov 2005
Posts: 17,199
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Why are you guys trading PAPER when there is such profound opportunity right now? zg
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October 16th, 2008, 03:49 PM
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Banned
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Join Date: Aug 2007
Posts: 1,773
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Quote:
Originally Posted by zengrifter
Why are you guys trading PAPER when there is such profound opportunity right now? zg
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Did you buy any $900 dollar a ounce gold ? Ouch !
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October 16th, 2008, 04:33 PM
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Executive Member
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Join Date: Mar 2006
Posts: 1,103
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Who said I was trading paper???
If the market is up tomorrow at 10am, it should go up for the rest of the day.
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