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  1. oraclewizard77

    Why do I desire to buy bank stocks

    I thought Buffet owns a bunch of bank stocks and bought them higher than me if I decide to buy. Its amazing to watch these stocks continue to tank today. Every buyer is losing money per minute.
  2. oraclewizard77

    Why do I desire to buy bank stocks

    These stocks keep making lower lows. However, I keep having a feeling that I can buy close to the bottom of the better bank stocks if there is such a thing, and make profit. I keep looking for a reason to go long, but can not find one......yet.
  3. oraclewizard77

    Bac

    What do you think of the other stocks like JPM and USB? Will they survive, will they continue to pay dividends. Everything keeps hitting lower lows, where do you see support if any? Is it worth it to own any bank stocks going forward, they seem to all be going chapter 11?
  4. oraclewizard77

    Bac

    Looks like BAC is cutting its dividend to 1 cent per share. This is one of the fears I was having about the banks and why I have not invested in them. I felt that the government may come in and take over the banks and/or force them to get rid of their dividend. If anyone know of any bonds or...
  5. oraclewizard77

    Average down disaster

    I bought RMBS in the teens, averaged down at $ 8/sh, started scaling out at $ 14/sh, scaled out more at $ 18/sh, scaled out more back down at $ 13/sh. Now, added back in at $ 11/sh, plan to average more in at $ 8/sh if it falls that far.
  6. oraclewizard77

    ProfLogic's Method

    I see u sometimes have primary bear and primary bull. Do you put this in yourself, or how do you determine it? Is it from price reading long term charts, or if price on long term charts is below say a 200 day average? If primary bear, do you only take trades with the bearish trend?
  7. oraclewizard77

    Wall Street's Rigged Casino

    WM and LEH. Especially WM.
  8. oraclewizard77

    How did Anek make a 100 grand today?

    When you get an e-mail from this thread or any other, just click on the link in the e-mail that says: To unsubscribe from this thread, just click below: Remember fellow traders, your competition may just be this stupid. Its not always hard to make money trading.
  9. oraclewizard77

    Physical holder of metals needs assistance in reducing risk to market turmoil...

    Why don't you just hire a trader to hedge your position for you? I assume you are just trying to protect yourself from loss. You could offer salary plus any profit the trader makes above the protection. Hedging should be done as an insurance to your long position. You will also need to...
  10. oraclewizard77

    ProfLogic's Method

    Ok, thanks that will be helpful.
  11. oraclewizard77

    SAY down 87%

    According to reports they overstated cash value by $ 1 billion and yahoo shows that they have $ 1.16 billion in cash, so assuming this is old data, does this mean SAY only has $ 16 million in cash and $ 104 million in debt?
  12. oraclewizard77

    The market is not random

    Someone flys a plane into a building, but before they do, their friends buy put options on the airline stocks. The airline stocks go down, and their friends make profit, so is that random?
  13. oraclewizard77

    FXCM blows up managed accounts

    I should mention that I believe the losses are much worse for anyone investing since these funds were posting positive returns for the 1st few months when they did not have any money invested. I almost invested in them myself, but did not. So anyone who did invest has a greater loss than...
  14. oraclewizard77

    Review Of Strategic Tips on Forex Signals In Forex Forum

    forexgreenland, Do you actually watch the trade all the time until you are out? Do you put in hard stops and targets? I would think if the broker sees the stop especially on large account size, they will just spike the market down to take out your stop.
  15. oraclewizard77

    Do you want Brandonf to teach you how to make a web business

    Hi Brandonf, I currently have a profitable business non trading related but no web site. One of my competitors has a web site and is making more money than me. I was wondering if you could help on this?
  16. oraclewizard77

    FXCM blows up managed accounts

    To try to get people who don't trade forex to sign up with them, FXCM started some managed accounts. I don't know if they trashed these accounts on purpose for example by taking the opposite trades once their were enough suckers, I mean customers stuck in the accounts, or they really don't have...
  17. oraclewizard77

    what's the deal with collective2?

    It actually still shows that I have 5 subs even though I stopped trading the system. Yes, the system did take a down turn and I lost many of the subs, and if I could continue to make $ 500 per month, I would have renewed the system. I did trade out of most of the draw down, but was not...
  18. oraclewizard77

    what's the deal with collective2?

    I had a system on C2 which was in the top 5 system for a long time. I made around $ 500/month from subscribers after c2 took 30% of my profits. I did trade it with real money but a very small account. It was a forex system and some trades in my real account would work out fine but C2...
  19. oraclewizard77

    Why aren't there more Billionaire traders?

    I would think that you could switch to for example es futures where you could easily scale up in size if you have a profitable strategy. Also, some traders do have longer term strategies besides day trading. For example, lets say you are bullish on a stock during a bear market. You could...
  20. oraclewizard77

    Value Investing: The Test

    See, but what you say is not exactly true. You are not buying a business unless you buy the entire company. Instead you own a stock. Unless the stock pays a dividend, the price of the stock is determined by supply and demand of buyers and sellers. If many buyers believe the stock will be...
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