Just bought 2000 @ $4.60
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E-trade hit $5 today, closed just under. Took a little off the top. Still holding on to some.
Man at least you make money. The popular saying is you can never go broke taking profits. Who knows what will happen tomorrow. If the employment number sucks it might give you a chance to buy again cheap
Man i pulled out too soon... Only made 100.00 profit... Oh well i'm still learning this game.... Good Pick bro....... Also don't sleep on EEE for a quick flip. It's previously closed at 2.08 and i saw it opened at 2.44 within minutes.....
I'm probably late on this, but the Wall Street Journal provides the day's biggest gainers by percentage (share price above $2). Is anyone here anticipating 20%+ daily price increases? TIVO was up 28% and closed at $8.77 I know this isn't most people's strategy--had we all jumped on ETFC when Tripster first mentioned it 3 weeks ago, we'd all have a 60% profit! (I got in late at 4.65) Just curious.
http://online.wsj.com/mdc/public/page/2_3021-gainnyse-gainer.html?mod=mdc_leader
ETFC was a fantastic pic.I have my trailing stop ready. I got in @ 2.70. Much appreciation Tripster. Does anyone have any input on RAD(riteaid)? It fell below $2 just a week ago. Is it still cheap or did I mis the run?
Also I hear PEG (PSE&G)is supposed to split next month? Would that be a good buy? Any input would be appreciated. Peace to the board.
Microsoft Bids $44.6 Billion for Yahoo
Friday February 1, 6:59 am ET
Microsoft to Pay $31 Per Share for Yahoo, Totaling $44.6 Billion in Cash and Stock
REDMOND, Wash. (AP) -- Microsoft Corp. is offering $44.6 billion in cash and stock for search engine operator Yahoo Inc. in a move to boost its competitive edge in the online services market.
The unexpected announcement Friday comes as Microsoft, the world's biggest software company, seeks new ways to compete more efrfectively against the search and online advertising powerhouse Google Inc.
In a letter to Yahoo's board of directors, Microsoft Chief Executive Steve Ballmer said the company will bid $31 per share, representing a 62 percent premium to Yahoo's closing stock price Thursday, and emphasized that the deal isn't subject to financing.
"In February 2007, I received a letter from your chairman indicating the view of the Yahoo board that "now is not the right time from the perspective of our shareholders to enter into discussions regarding an acquisition transaction," Ballmer wrote.
"According to that letter, the principal reason for this view was the Yahoo board's confidence in the "potential upside" if management successfully executed on a reformulated strategy based on certain operational initiatives, such as Project Panama, and a significant organizational realignment."
"A year has gone by, and the competitive situation has not improved," Ballmer added.
Under terms of the proposed deal, Yahoo shareholders could choose to receive cash or Microsoft common shares, with the total purchase consisting of 50 percent each cash and stock.
Microsoft said it sees at least $1 billion cost savings generated by the merger, and intends to offer significant retention packages to Yahoo engineers, key leaders and employees. The software giant said it believes the takeover would receive regulatory clearance and close in the second half of 2008.
Everyone Yahoo is about to shoot through the roof.
Too late......
MS is going top buy at $31 per share.
The share price is already close to the figure......
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Took my yahoo profit and run. 250% profit. Deal not sealed yet so why risk it when there is time loss involved in my position.
Getting schooled on GOOG. Great lesson I have learned over the weeks buying way out of the money straddles. I need to sell them before close because them shits really tank hard after the earnings premium comes out and the position is not in the money deep. I had bought GOOG 420 PUT and 690 Call for earnings. I calculated for a $55 move in share price in either direction and thought that would still give the options some value but no. Them suckers were selling for $0.75 to $1.05 yesterday. Guess I should have just taken the $1.05 and run. This morning I thought I should at least be getting a $3.00 price on the PUTs with the drop and them shit are selling for $0.30
Everyone Yahoo is about to shoot through the roof.
CFC- (Countrywide)- Wait till it drops to $5 again, and you should see another quick bump to $7. This is a long term investment. This stock was $40 a few months ago. Bank of America isn't stupid. If they can pump $4 billion in this company, surely you can drop a couple G's.
ETFC (E-trade)- Currently near an all time low. $3.10 a share. I think they are going to be bought this year. IMO. If so, you are looking at doubling your money in a very short period of time. Could go to $10 a share. I'd be happy with 8. I've made a good amount of money longing and shorting this stock (timing has to be perfect). Currently have about 10,000 shares in this one. May buy another 10K if it goes any lower. You might want to jump on this one.
I'll update regularly. Peace.
Trip
Can I jump back in to ETFC at 5.40 right now I skimmed my 1200 profit yesterday. It seems to be moving up rapidly.
I just read that some of it's directors just bought a shit load of their own shares. Also, how do you think the superbowl ad will affect the stocks?
Help!
CFC is pushing 7.40. How far up do you think it will go today? Didn't BofA bid 7.19 a share?
I'm not messing with CFC. CFC becomes BAC (Bank of America) shares (at some ratio..can't remember exactly) after close of the deal. People are believing that many of the large financials have "bottomed out" which means they are as cheap as they're gonna get for a while. Why not buy CFC at 7 instead of buying BAC at 42. Get in BAC for "cheaper". At least that' my theory.
I bought a bunch of BAC at $35 or something like that. Will easily hit $55 by mid-year. Might see one more dip in financials in the next few weeks, but I happen to believe the worst is behind us.
Snap up these financials while they are cheap, and the risk is low. You'll be glad in about 12-18 months. Wealthier too.![]()
My quick buck tip on volatile and expensive stocks like GOOG, BIDU, MA, ISRG, etc...
I use bull call spread or bear put spread.Establishing a bull call spread involves the purchase of a call option on a particular underlying stock, while simultaneously writing a call option on the same underlying stock with the same expiration month, at a higher strike price.
For example, GOOG is down big today. I find support for the day around 520.
So i buy a GOOG March 520 ($34) Call and sell a GOOG March 530 ($29) for an outlay of $5 per contract . Much cheaper than buying a GOOG contract that will require $34. Upside is limited but i'm looking for small but consistent profit here.
I make $500 - $1000 every other day with this approach with GOOG call and put options with very tight stops cause in options trading, its about staying in the game loool..
Your mileage may vary![]()
By the way, ETFC is up .46 today to 5.43. I love making $5000 before 10 a.m. in the morning baby!!!!![]()
Anyone think Apple is a good buy right now?