Fed Announces Rates!! Massive market Surge!! I Am Right

BTW, as I tell my College students...always check Price to Book valuations. HANS is nearly 14 times it's $2.81 Valuation.

We "pair" a zillion companies, generally buying value, shorting "growth"...and sure, we get caught for the short term at times, but we do very well overall (not "daytrading" more of our Family portfolio management).

I hope you get your money back if you lost some in Hansen.

All the best,

Don
 
Quote from stock_trad3r:


I remember a couple weeks ago this thread was FILLED wilth bears and shorts who were predicting tings would get worse. I hope they covered monday and tuesday though.

We could see the nasdaq at 3000 in a couple months at this rate, but 2300 will be touched by sep. easily.

If you short sell you lose most of the time.
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3000 is 40% from here. No chance of that happening in a couple months. You need to look at things more realistically. Amazing when we have a couple up days people start acting like that's the norm and it will continue.

And you're totally wrong on short sellers losing most of the time. It's quite easy to make money on the short side. After the past 2 days of big gains I went short today and patiently waited for the market to begin to selloff. I let the market tell me when to cover (short) or sell (long). When the market gets overheated short term it's quite easy to make money on the short side. Gains have to be digested and pullbacks are both healthy and necessary.
 
Quote from stock_trad3r:


Short selling is OK, but you HAVE to know when to cover cause you can lose money very quickly when things turn around. And the turn around is often VERY sudden as we have seen this week. The nasdaq added a staggering 110 points in just 4 days.
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And the same is true with playing the long side .. you have to know when to sell because you can lose a lot of money as well.

Quick story .. I shorted VTSS in Feb. 2000 at $96. The next day it hit $116. I was on edge. But I also realized that gains of 20% in a day could not continue. I have since covered for a nice profit and today VTSS sits under $1. But think of all the "losers" who went long at $90, $100, $110 and may have never sold due to being stubborn. No reason to play just one side of the market ... not many football team pass (or run) only. I think you need to use all the options you have to make $$$.

http://finance.yahoo.com/q/bc?s=VTSS.PK&t=my
 
Quote from stock_trad3r:

Yea Hans cost me a tidy sum but in the long term I think things will be OK.

What clases do you teach? Econ is suppose?
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Sort of our way of "giving back" to the Community, keep people away from stockbrokers and financial advisors...teach them how to handle their own money....we do introduce them to trading, but we realize that most won't want to trade, most want to take control of their own finances.

Don
 
Quote from stock_trad3r:

I will follow them up. I recommended them before the fed results at the following prices roughly:

Tie: ~32

AAPL: ~57 (down 4% cause of options probe news)

HANS: ~177 (long time ago bought at 190 and sold at 182 then it dropped as low 150 now back to my sell point. Go figure.

GOOG: ~411

Chap: ~ 69 (this stock is a monster- 52 week high for a metal stock :eek:

markets hardly down at all today. A meager .01%...

Infact, nasdaq will close above 1%.today.

This rally will continue next week. nasdaq perfect cup handle pattern forming http://finance.yahoo.com/q/bc?s=^IXIC&t=3m
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It has been many months since I have last replied to this thread and almost 6 months since it began

Lets check on my progress

HANS bought at $43.5 now $32.5 loss: 27%..ouch
TIE bought at $32 now $29.3 loss 9%
CHAP bought at $34.5 now $41.5 gain: 20%
GOOG bought $411 now $481 gain: 17%
AAPL bought at $57 now $81 gain: 42%!!!!!!!!!

Overall: 8% gain

Pretty good after many people wrote me off as being inept

Where are the bears? HMMMMMMMMMMMMMMMMM?

Also my prediction about the nasdaq rebounding to 2350 also came true when it was at $2040. 300 points added...p00f added. Where are the bears now? Did they cover?
 
lmao. Your predictions were not predictions for the next 6 months, they were were predictions as it was happening. They were wrong. Get over it, you're not a guru.
 
Quote from HolyGrail:

lmao. Your predictions were not predictions for the next 6 months, they were were predictions as it was happening. They were wrong. Get over it, you're not a guru.
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No you were wrong. Buy and hold prevailed.
 
You only bought and held because you didn't want to be wrong. LMAO, you had dead money for 4 months to make 8%. You could have sold and bought an index fund and done better.
 
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