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  1. M

    What license is needed in order to trade clients' money?

    With a Series 65 will I be able to trade the account using my own discretion (obviously a must for successful trading), or would I have to notify them and get permission for all trades? Do I need to register with the NASD? Or is it perfectly fine to just start an LLC and obtain the proper...
  2. M

    What license is needed in order to trade clients' money?

    If I formed an LLC and used an online brokerage such as ETrade, IB, etc. would I have to register with the NASD? Anyone know the costs of starting up an LLC used for trading?
  3. M

    What license is needed in order to trade clients' money?

    I am currently trading my individual and family account and have gotten offers to manage other clients money. Which license would I need to obtain in order to do this? I have been told to register a firm with the NASD, and sponser myself for the series 7 after that. I have also heard that the...
  4. M

    Nyx

    We've already hit the bottom at about 80 bucks or so and the reversal is occuring as we speak. There is obvious support at $80 and we saw the exact same thing happen from the beginning of Feb. to the middle of March. Once it hit $80 it began it's reversal on it's way to $100. Looks to be...
  5. M

    Has anyone used "Trade the News" services?

    Would like to hear some reviews on their services. Thanks.
  6. M

    WFMI - Any opinions on yesterdays 5% cut?

    Don't know about you, but I would think that Whole Foods constantly being packed would be a good thing for the company.
  7. M

    WFMI - Any opinions on yesterdays 5% cut?

    This is actually a great buying opportunity IMO, and I will be adding whole foods to my portfolio this week. They are one of Morningstar's favorite stocks, and here is the most recent write up that they've done regarding their missing estimates and drop in stock price... Whole Foods Will...
  8. M

    Buy Aig Before The Call!!!

    Hydro Excellent post, it's refreshing when I come accross something worth reading on this site. The point I was making is that a stock with this type of upwards momentum should be trading higher after such possitive earnings reports. And frankly it caught me by surprise to see it trade...
  9. M

    Buy Aig Before The Call!!!

    Hydro Thanks for that very informative post. Care to explain why a huge company like AIG posts a quarter over quarter profit increase of 25% and also beats estimates in every way possible, only to trade lower? I will repeat, this does not make any sense. And i think this stock will...
  10. M

    Buy Aig Before The Call!!!

    I think the adjusted net income is the figure which is more important since it doesnt include one-time costs, and is a better indicator of the companies performance for the quarter. Using this figure, it looks like they beat estimates by closer to 9% or so. And they are down in after-hours...
  11. M

    Disney Earnings, What the Hell is going on?

    Considering Disney's second quarter profit rose 27% from a year earlier, I don't see how that can be considered a bad quarter. Earnings came in at $931 million or .44c/share compared to estimates of .37c/share, and year earlier results of $733 million or .36c/share. Revenue was also up...
  12. M

    Disney Earnings, What the Hell is going on?

    So Disney crushes earnings estimates by 20%, the top and bottom line numbers look great. And it's down 1 plus % in after hours trading, how is this possible? After an earnings release like that, I would expect this stock to be flying.
  13. M

    Anyone else shorting DJ?

    The Bancroft family is not selling to Rupert Murdoch and turning the Wall Street Journal, Barron's etc into Republican Propoganda just like everything else Fox Corp touches. This doesn't have to do with money, if it did then the deal would have been made already in my opinion.
  14. M

    Anyone else shorting DJ?

    I don't know, maybe it's just me but the 65% premium on the offer made for the Dow Jones Co. in the first place was already so ridiculous that I am really not worried about a substantially higher offer coming in. And plus my position on this short is so small compared to my account value...
  15. M

    Anyone else shorting DJ?

    I put in a short position for the Dow Jones company, I figure that the reward/risk ratio is huge since DJ won't be going up too much more, and the downside potential of the stock returning to it's previous levels is extremely attractive for shorting. It doesn't look like the Bankroff family has...
  16. M

    Earning Bet for 5% gain!

    What happened with CCk? I thought that was also an easy 5-10 % in two days? That stock was promptly down 5 % today after earnings missed their estimates by 60 percent, 10 cents/share (actual) vs. 16 cents/share (estimate). This is after you insinuated that you had inside info that they...
  17. M

    Give me a stock, any stock...

    Another thing to notice with XMSR is that the MACD histogram dips are becoming shallower and shallower with each passing bottom in price. This is almost a sure sign of a strong reversal and we may not even see another drop in price, it could ride on up from here.
  18. M

    Valero

    You are the man, this is one damn good looking stock to hold for a couple months. Very much appreciated.
  19. M

    CFC (CountryWide Financial) Good time to go short?

    Apex, great post. We were thinking along the same lines.
  20. M

    CFC (CountryWide Financial) Good time to go short?

    Well it seems as if the people within the company feel confident about their future prospects, but then again what the hell else are they supposed to say, I don't take it for much. Here are the only excerpts I've been able to find: "Countrywide CFO sees 'dark time' for other subprime...
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