How are you guys profiting from the doom and gloom with the stock market? Anyone shorting the hell out of stocks? I am sitting on the sidelines but was wondering what everyone else was doing to take advantage?
Stock Market
- Thread starter stussy5555
- Start date
You can buy into a doubleshort ETF. I have a position in SDS (ProShares UltraShort S&P 500). It's jumped 10.7% today alone. This would have been a good one to jump into for just a day today.
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It's already there. I'd even consider buying some BAC if it drops below the cost of a large cappucino at starbux, it's pretty close already
It's already there. I'd even consider buying some BAC if it drops below the cost of a large cappucino at starbux, it's pretty close already
i am buying this right now...
america's biggest bank cannot fail... and if it does... i'm more worried about the money i lostdid this last time it crashed and cashed out at 15
I don't know what all the hype is here. Financial markets are "efficient" meaning that prices instantly reflect any publicly available information. Unless you know something that the rest of the world doesn't know, you're not going to make a fortune (outside of getting lucky).
Don't just buy it, buy naked call options on it so you're leveraged 200:1 to the index. I did that on the HIX (same thing but a Horizon ETF). It was about 10% of my portfolio, but hedged ALL of my losses for the day.
Then use your new found riches to buy all the stupid-cheap oil companies right now.
Ya, they are mismanaged as hell, but BAC is starting to look like an attractive bargain at these prices.
Besides, they are being sued by AIG. Being sued for shady stuff by AI-fucking G is like being called Anti-semitic by Hitler. Those guys practically wrote the book on shady financial dealings
Besides, they are being sued by AIG. Being sued for shady stuff by AI-fucking G is like being called Anti-semitic by Hitler. Those guys practically wrote the book on shady financial dealings
Ya, they are mismanaged as hell, but BAC is starting to look like an attractive bargain at these prices.
Besides, they are being sued by AIG. Being sued for shady stuff by AI-fucking G is like being called Anti-semitic by Hitler. Those guys practically wrote the book on shady financial dealings
What's the deal with BAC anyways? Ignoring 2B2F, is there anything inside that thing? Or is it just a zombie?
i am buying this right now...
did this last time it crashed and cashed out at 15
Anything can fail. BAC is a roller coaster, been trading it last year, one bad report after another made me sell with a loss. It may be worse the risk to take another look again though at this price, looking at risk/reward ratio.
i bought 10k shares... my adviser has been pretty good to me... last time this happened i made out...
the lawsuit is a joke and will take forever to prove/collect
and on paper the companies assets come out to 12 dollars a share and is selling for 7 dollars...
we shall see if this is a failure or not... hope it isnt... but i'm not playing with money i need to survive
ya, me too, @6.75 its hard to resist. hard assets are worth more than that, its trading at a heavy discount.
You made the same mistake in the thread about Epic - saying they're too big to fail.
Countless big companies, banks, and countries have failed. I don't think your argument holds any water.
Nice day for BAC, just put my order in to sell if it hits 8.45 tomorrow, I'll take a 25% return in a 2-day period every chance I get.