Australian (ASX) Stock Market Forum

US Stocks To Watch by Vulcans who trade for fun

Still in cash.

If the DOW breaks support, I'll short everything in sight.

WIRE looks like a great short candidate at this point, with an entry point of $38.50
 
websman said:
Still in cash.

If the DOW breaks support, I'll short everything in sight.

WIRE looks like a great short candidate at this point, with an entry point of $38.50

Safer to wait for retest of that support? What's the general mood around the states atm?
 
RichKid said:
Safer to wait for retest of that support? What's the general mood around the states atm?


Most traders are being cautious. I now own 2 positions and am up slightly on them.

VPHM

CERS

I've daytraded a few others.
 
Wassup Dudes???

I'm still long on VPHM and CERS...Will I ever get a profit out of these losing positions??? Stay tuned...

I had been watching ZP ( http://www.zapworld.com/cars/smartCar.asp ), but it was announced today that Daimler Chrysler would begin selling the Smart Car in the U.S. in 2007. ZP is dead in the water now...
 
All eyes will be glued to Bernake tomorrow to see if he decides to kill the market or not...

He will either raise rates by a quarter or half percent. I'm leaning towards a half.
 
websman said:
Wassup Dudes???

I'm still long on VPHM and CERS...Will I ever get a profit out of these losing positions??? Stay tuned...

I had been watching ZP ( http://www.zapworld.com/cars/smartCar.asp ), but it was announced today that Daimler Chrysler would begin selling the Smart Car in the U.S. in 2007. ZP is dead in the water now...

Websman, when did you buy those two stocks, at what price and why?

Bunyip
 
bunyip said:
Websman, when did you buy those two stocks, at what price and why?

Bunyip

I bought them both last week...

VPHM @ 8.92

CERS @ 7.31

Although I am down on them I fully expect to eventually see a profit. If not, I will sell and move on. The VTP vectors currently are bullish.
 
websman said:
All eyes will be glued to Bernake tomorrow to see if he decides to kill the market or not...

He will either raise rates by a quarter or half percent. I'm leaning towards a half.

Choppy times webs, choppy times....the market has probably priced in at least a quarter point hike imo, wait and see....
 
RichKid said:
Choppy times webs, choppy times....the market has probably priced in at least a quarter point hike imo, wait and see....

Bernake did the right thing! 1/4 point. As long as no bad news come up, we should see a nice run...
 
Still holding VPHM and CERS... I'm still in caution mode. Maybe I need to take a trip to Australia.
 
Hello Webs

I'd be interested to know what you consider are the main factors influencing the choppy market at present. Still some fears about more rate increases?
Slowing housing market? International situation, e.g. terror etc?

What's the overall reaction to Bernanke? Do most investors/traders think he's on the right track?

With thanks

Julia
 
Julia said:
Hello Webs

I'd be interested to know what you consider are the main factors influencing the choppy market at present. Still some fears about more rate increases?
Slowing housing market? International situation, e.g. terror etc?

What's the overall reaction to Bernanke? Do most investors/traders think he's on the right track?

With thanks

Julia


Bernake is not doing anybody any favors. He's already indicated that the market was not his concern. If he continues to raise rates, I think were in for a major recession and a bear market.

I'd say that the main factors for the choppy market are...

#1. High oil prices - Let's face it, Exxon and the Middle east are making a fortune.

#2. War in Iraq - Terrorism must be stopped, but I'm not sure that going into Iraq was the answer. Bin Laden is in Afghanistan...We should be taking him out. I still wonder what makes a terrorists mind click...must be pure evil.

#3. Interest rates - Housing has slowed down because of rising interest rates, but the market here in the U.S. was overextended. I can now sell my home for 4 times what I paid for it.

Of the 3 factors that are killing the market, I'd have to say that the War in Iraq is the biggest player...
 
Hey webs,

Should start tradin' futures or forex or somethin'.
Just by the by, been making some knives lately, i'll post pics soon if you wanna see. You and lye might need some nice cold steel for guardin' that Goji plantation! :p:
 
Milk Man said:
Hey webs,

Should start tradin' futures or forex or somethin'.
Just by the by, been making some knives lately, i'll post pics soon if you wanna see. You and lye might need some nice cold steel for guardin' that Goji plantation! :p:


Them knives might be just what we need! :eek: Are you selling them? Post the pics. I'd like to see them.

I wish I had the time for futures trading. Stocks have sucked this year.
 
websman said:
Them knives might be just what we need! :eek: Are you selling them? Post the pics. I'd like to see them.

I wish I had the time for futures trading. Stocks have sucked this year.

Yeah I probably will sell a couple, to cover costs (you yanks charge a fortune for steel!). Ive still gotta put the handles on so i'll posts pics then. I can do a good shiv if the cons need one too. :D
 
Milk Man said:
Yeah I probably will sell a couple, to cover costs (you yanks charge a fortune for steel!). Ive still gotta put the handles on so i'll posts pics then. I can do a good shiv if the cons need one too. :D

I could probably sell some of them for you...not the shivs, the knives.
 
Sweet! I should have the handle materials in a week or so. Nice aussie burl woods which I plan to stabilise and some stag after that. My bro shot it on his lucerne. He also got a 140kg boar - the old tractor had trouble holding it up to clean! I need to get a good digital camera too- my bub's 5wks old now so shouldnt be too long for some "funniest home videos" material. I'll let you guys know what i'm up to anyway.
 
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