What to buy now

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Permalink Reply by BrendonWEP on February 27, 2009 at 10:34pm

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Permalink Reply by Roger Carter on March 6, 2009 at 2:48am

Gold plays definitely as a hedge against the upcoming inflation no doubt

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Permalink Reply by Barrington Lewis on June 16, 2009 at 8:09pm

I dont see inflation being a huge factor in the near future - unemployment is still rising and the economy is not recovering as fast as we would like. Which is probably for the best.

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Permalink Reply by Lewis on March 6, 2009 at 9:43am

I agree a good play for the moment for intermediate term is short gold long oil. Though I do feel gold is in a long term bull market I'd like to see a pull back to 840ish area some more consolidation then up on through 1000. I also believe for the next little while the pound is going to strengthen against the dollar. By the way I'm new here seen it on facebook so hello all.

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Permalink Reply by John Cronin on April 2, 2009 at 7:09pm

Good call on Gold, short Gold, Long Black Gold (Oil). Oil does look headed back to high-mid 800's. Same for SPX, maybe SPX = GOLD soon. Ugly Payroll # probably built into SPX/Dow/NQ now. Aussie $ & CAN $ look strong vs. US $, re-flation, Commodity (Oil) play. Pound OverSold probably works as well but all currencies sold off End Of Day as Dow, SPX sold off in last hour of trading again.

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Permalink Reply by John Cronin on March 23, 2009 at 8:37pm

WIth you on oil: I like spec> (ALY $1.33, think it can bounce to 50-day MA $2.63, 1st target $2.00.
I have a silver play (poor man's gold; industrial play) (SLW $8.29) SLW just cleared 200-day MA $8.12, 1st target $11, 2nd target $13.75, moves fast!
What gold & oil plays do you like?

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Permalink Reply by Don Bright on March 6, 2009 at 10:07am

What to buy now, eh? Hmmm... since we are more traders than investors, we tend to engage in modified floor trading strategies. For example, trading on the gaps of the Opening Only Orders on the NYSE each morning. When a stock gaps way up or down, based on our pre-determined Fair Value numbers, we are either short or long right at the bell....and On the Same Side as the NYSE Specialist (heck, he's been making money for 200 years, I like to be on his side, LOL). We then cover quickly, try to pull out between $500-$5,000 depending on share size. We have automated programs to engage this strategy to help, but some do it manually.

At the end of the day, we do something similar...we watch the Market on Close imbalances to see where the major stocks are going to trade during the last 20 minutes or so....another simple trading tactic that floor traders have done for decades.

As far as investing goes...pretty simple overall...Check Fundamentals weekly, look for Dividend Yield and the recent changes to such, and dive in. This is for our long term (my Grand kids accounts, LOL).... GE is a good example of course.

As far as Gold goes....be careful of the "buy the hard asset" type places. Sure, they'll buy your gold bar back immediately...for a 10% Bid Ask differential. If you insist on wanting to buy or short gold, use the GLD on the Exchange. Really narrow bid/ask spreads.

Don Bright

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Permalink Reply by John on March 9, 2009 at 12:13pm

the only real thing to do with Gold, if you're that worried is buy coins or bullion and stick in a vault in the basement. Doomsday scenario. Just my two cents. My first post, hello to all :)

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Permalink Reply by WallStreetWannabe on March 11, 2009 at 11:16pm

If you are looking to short gold and buy oil you are really saying the market will start to rally. The inverse relationship of gold vs. oil is highly correlated with the market. When the two diverge, it is typically bearish and vice versa.
This has held me back from the trade in the past.

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Permalink Reply by Ray C. Parrish on March 18, 2009 at 2:56am

FAZ is my play........ for tonight anyway! Good luck tomorrow everyone.





http://stock-market-club.blogspot.com

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Permalink Reply by John Cronin on March 23, 2009 at 8:44pm

FAZ just hit an all-time low today...all financials are in play with the Treasury's toxic asset purchase plan.
That govt plan makes FAZ toxic...the play is FAS, bullish from $2.32 on 3/6/09. FAS held the 50% FIB re-tracement from $7.80 down to 50%FIB $6.33 to the penny, still bullish over the $6.68 mark. If FAS cannot hold $6.33, then it is bearish and the play reverts to FAZ but not until then.

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Permalink Reply by Alper Korkmaz on March 18, 2009 at 11:05am

Bence ekonomik kriz ortaminda bir defa daha eurusd icin 1.26 seviyeleri gorulur.Mayis ortasi gibi teknige oyanriz artik

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