Who's buying What today?

Discussion in 'Economy' started by NOBama, Oct 13, 2008.

  1. NOBama
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    NOBama Senior Member

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    Politics aside is anybody buying into today's rally? If so, what sectors and how long are you planning to hold?

    Personally, I'm still flipping but, I went long in HCBK and BAC this morning. Also, I couldn't resist shorting SKF in AH, Friday.
     
  2. DavidS
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    DavidS Anti-Tea Party Member

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    I bought 2000 shares of MS (Moran Stanley) at 12:30 on Friday when it was around $7/share. I knew the government wouldn't let the deal between MS and Mitsubishi collapse. The deal with Mitsubishi went through and today's high was around $16 so far. I'm happy.

    To pay for it, I unloaded all of my gold, which is down today.

    I think financials and oil are good today. Tomorrow the government will announce yet another rescue package...
     
  3. NOBama
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    NOBama Senior Member

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    Took a loss on both banks, covered SFK and went long.
     
  4. Valerie
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    Valerie Gold Member

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    Aren't you the same guy I was just talking to in the other thread about capital gains tax? So tell me, will you be spending your capital gains on helping Morgan Stanley do business or will you be spending it on your own needs?

    http://www.usmessageboard.com/elect...about-obamas-small-business-tax-increase.html
     
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    Last edited: Oct 13, 2008
  5. NOBama
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    NOBama Senior Member

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    Well, I'm out. Had to give back a little on SKF.

    Have a good day!
     
  6. Truthmatters
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    Truthmatters BANNED

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    heres the plan Buy low sell high.

    The market is low and in 5 years it will be high again
     
  7. editec
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    editec Mr. Forgot-it-All

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    I've been gaming on the price of # 2 heating oil, but sadly, the tank is near empty so I may have to go long on it despite my theory that it's a still a short play.

    I'm so old I can remember when people just bought home heating oil when they needed it.

    Times change, eh?
     
  8. DavidS
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    DavidS Anti-Tea Party Member

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    Obama will raise capital gains tax on income of $250,000 or greater. Believe me, this transaction has not made me $250,000. If it did, I would be more than happy to pay a higher tax.
     
  9. DavidS
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    DavidS Anti-Tea Party Member

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    The problem with that is today is a false rally. I guarantee you that by the end of this week, we'll have lost everything we've gained today.
     
  10. NOBama
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    NOBama Senior Member

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    If you're selling insurance to back that up, we need to talk.
     

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