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AbeSmith

Market Wizard
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Everything posted by AbeSmith

  1. BIDU is looking attractive. I see strong support around 300. You think it is a good buy now? Or are we looking at a head and shoulders on the daily?
  2. Good call on the strong resistance at 60. But here is what I was thinking: Earnings release might be a good play during uncertain economic times. Might be less choppy. So I think I will look at the premarket activity. If I see some strong buying at the premarket that might signal that it will be one of those plays where the price goes up ahead of earnings, so I will then buy early in the day, and if it price goes up according to plan ahead of earnings release then I might be able to move my stop to break even giving me a free trade ahead of earnings.
  3. Anybody taking a position in them ahead of the earnings release Monday? On Fast Money the "lone wolf" seemed confident that they would have very good earnings?
  4. Hello. I'm interested in holding a position in GOOG or YHOO. Anybody got any advice on them? GOOG is a good company. Their chart looks ok. They had a big drop in early November but seems to me it is economy related. They are going into the cell phone business, so I expect their stock to rise on that. Other than that they are the #1 search engine provider. They are agressive and are making good moves. So I think GOOG is my number one pick right now but I was wondering what you guys thought. YHOO is not all that. But they are the #2 name in search and there is rumor that Microsoft will buy them out, which would be great for the stock. I think of them as the Pepsi and GOOG the Coke, and you know Pepsi was one time not all that either. So these are the two companies I'm interested in. But I was wondering how they will behave if the economy continues to decline. Seems to me GOOG is best positioned to weather a bad economy.
  5. Thanks Phil. About how much is the fees on those? The China and Emerging market funds look attractive. Do I have to commit to them for a specific time or can I trade them?
  6. Thanks for the info thrunner. Do you have any experience with Guerilla Trades? They seem to be well known.
  7. Ok. Thanks Brownsfan. What about Guerilla Trades?
  8. Ok. Thanks. Yeah. Them options seem very complicated.
  9. About how much do those 4monitor AGP cards cost?
  10. Hey Ed. I'm dealing with a similar issue right now and I admit I underestimated how sensitive these video card setups can be. I just found out that my 2 ATI Radeon, one PCI and one AGP are not supported together. Not even 2 PCI bus types are supported together. But 2 PCI Express cards of the same type should work with ATI. They call it crossfire. I suggest you talk with the manufacturer of the video card about the setup you are considering before you commit.
  11. Thanks Tin. Can you tell more about your experience with ThinkorSwim? Is options the way to go with them, b/c I don't know the first thing about options.
  12. Thanks Brownsfan. You guess is right. I don't know much about China or Crude. But China would be easier to understand than Crude, since I've been following it for a few months, so China is in my radars but Crude is mostly something I'm interested in. You have a very fascinating insight on trading the YM to make the money. I have learned alot since watching the YM every day for over 3months but I'm not profitable. But it is an interesting idea because the target can be reached in a few seconds. Though 10% is not a stopping number so if I continue to play the YM then statistically I'm destined to lose.
  13. Thanks Bear. I agree with you. China has a long way to go and it would be a good idea for a long term investment. Oil is interesting to watch but I don't have any experience in it so I will probably stay away from it. And like you said, stocks are tough right now because the market is weak so I'm staying way from them for the moment.
  14. Tin, read my post to Nick above about FXI and commodities. Would be interested to hear your take on those, or other swing to long term trades that you might do.
  15. Thanks Nick. I don't think I can afford a financial adviser. But thanks for the info. By managed funds do you mean mutual funds? Because I hear they are not very good and don't beat the S&P. I'm also interested in an index or commodity. Index might be a bit risky given the economic turmoils. I witnessed the China move and now I see the FXI has come down dramatically. Not sure how correlated it is with China. It seems to me the Chinese are seeing the impact of worsening US economy. But if things turn around the Chinese economy will have the better return. So I was intrigued by the FXI and though it might be a good thing to buy and hold on to in the long turn, not necessarily right now but perhaps after a day's rallie and with stops a bit below the point where it rallied from. Though I don't know anything about the Chinese market and why it is doing what it is doing. In other words, is it something else that caused the FXI to drop so much other than drop in US? And then I also hear about gold and oil which might be a good buy on a dip. These are the markets that intrigue me the most right now. But I'm a beginner so I was wondering what others might think about it. I was also interested to see if it might be better to put the money in a CD or something low risk, but the returns are not much.
  16. Thanks Tin. I know you were kidding. I'm talking about 10% anual. So 1k on the 10k investment minimum. Thanks for the heads up about crude and FXI.
  17. Thanks Paul. But I was looking for something with better return, like 10%. Again, higher risk is also acceptable. Some ideas in my head are: Crude Oil China (FXI)
  18. Are you doing that well? Good job! PM me the details of you account activity please.
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