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Old 03-05-2013, 07:18 PM  
BigRedChief BigRedChief is offline
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Worst Socialist/Commie evah

Dow Jones hits record all time high

http://www.pbs.org/newshour/bb/busin...ets_03-05.html

Corporate profits at an all time high. Corporate profits up 117% under Obama.
http://www.drudge.com/news/163559/co...-all-time-high

http://www.bloomberg.com/news/2013-0...ma-policy.html
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Old 03-05-2013, 08:54 PM   #61
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Quote:
Originally Posted by alpha_omega View Post
Clever.
Yes, I thought the title was funny. But, I think this sucker is going to crash. There is no legitimate reason for this, its a bubble that will pop.

But, WTF do I know?
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A blow job isn't a blow job without pre-cum. What then? Just stop all kissing for the rest of the night or until she brushes her teeth? And that's just one example of transfer, I'm sure I could bore you all with more.

What is it about cum anyways? It comes from a sterile environment. You all have it. It doesn't taste like anything.

YOU PEOPLE PLAY WITH ASSHOLES. Suck face with gingivitis. Marinate in yeast infections.

But boy cum, icky. Girl drenches carpet, story for reddit.
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Old 03-05-2013, 08:54 PM   #62
La literatura La literatura is offline
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Originally Posted by petegz28 View Post
Oh you just keep showing how little you really know. It has nothing do to with day trading.....you're clueless...just admit it, you know nothing of what you speak when it comes to this game.

Perhaps you just haven't made it to the point in your wealth managment class where they cover "sentiment" and "being a contrarian" and how when you see headlines of how the markets are making new highs it's usually a good time to start locking in some profits.

then again, a seasoned expert such as yourself probably needs none of that anyway.
Does being a contrarian mean you sell when high, and buy when low?
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Old 03-05-2013, 08:55 PM   #63
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Quote:
Originally Posted by La literatura View Post
Does being a contrarian mean you sell when high, and buy when low?
No...it doesn't
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Old 03-05-2013, 08:57 PM   #64
La literatura La literatura is offline
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Originally Posted by petegz28 View Post
No dumbass, it doesn't. You don't know your ass from your elbow.

For all you know I could be writing covered calls on profitble positions...

I could be selling off part of a position....

OR

I could be putting on an options spread where I am writing an out of the money call to fund the purchase of an at the money put to hedge or lock in profits.
Here's how Investopedia defines "profit taking"

Quote:
Definition of 'Profit Taking'
The action of selling stock to cash in on a sharp rise. This action pushes prices down temporarily. When traders are profit taking, the implication is that there is an upward trend in the security.
Read more: http://www.investopedia.com/terms/p/...#ixzz2MjEfIXUU
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Old 03-05-2013, 08:58 PM   #65
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Originally Posted by petegz28 View Post
No...it doesn't
What's it mean?
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Old 03-05-2013, 09:00 PM   #66
La literatura La literatura is offline
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pete, I know you're an investment guru because you used a lot of industry phrases you've heard on Bloomberg TV. That's why I'm only going to get my investment advice from you. To hell with Bogle and Random Walk. When can we daytrade together? Show me your charts!
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Old 03-05-2013, 09:00 PM   #67
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Quote:
Originally Posted by La literatura View Post
Here's how Investopedia defines "profit taking"



Read more: http://www.investopedia.com/terms/p/...#ixzz2MjEfIXUU
Oh well farbeit from me to argue with Investopedia and your seasoned trading.

I guess calls and puts and the buying\writing of options doesn't really exisit???
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Old 03-05-2013, 09:01 PM   #68
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Quote:
Originally Posted by La literatura View Post
What's it mean?
Contrarian means to take the opposite position of the crowd. Like when people are all running around buying because Drudge put out a headline that the Dow hit an all time high and they are afraid they'll miss out, you sell.
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Old 03-05-2013, 09:02 PM   #69
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Originally Posted by La literatura View Post
pete, I know you're an investment guru because you used a lot of industry phrases you've heard on Bloomberg TV. That's why I'm only going to get my investment advice from you. To hell with Bogle and Random Walk. When can we daytrade together? Show me your charts!
You didn't even know what Bloomberg TV was until Native told you about it the other night.

don't be butthurt because you let your mouth overload your ass, it isn't the first time you've done so.
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Old 03-05-2013, 09:02 PM   #70
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Originally Posted by petegz28 View Post
Oh well farbeit from me to argue with Investopedia and your seasoned trading.

I guess calls and puts and the buying\writing of options doesn't really exisit???
For all I know, they don't exist. All I know is what I read or what I'm told or what my conscience tells me. But my conscience is silent when it comes to investment advice.
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Old 03-05-2013, 09:03 PM   #71
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Originally Posted by petegz28 View Post
Contrarian means to take the opposite position of the crowd. Like when people are all running around buying because Drudge put out a headline that the Dow hit an all time high and they are afraid they'll miss out, you sell.
So, basically, buying when low and selling when high.
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Old 03-05-2013, 09:05 PM   #72
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Originally Posted by La literatura View Post
So, basically, buying when low and selling when high.
In your simple, little world, yes, Jensen, just go with that so your head doesn't explode over it.
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Old 03-05-2013, 09:06 PM   #73
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Quote:
Originally Posted by petegz28 View Post
Contrarian means to take the opposite position of the crowd. Like when people are all running around buying because Drudge put out a headline that the Dow hit an all time high and they are afraid they'll miss out, you sell.
pete cracking on Drudge headline-related hysteria
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Old 03-05-2013, 09:06 PM   #74
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It kind of makes me laugh how many people seem to really care about Hugo Chavez. Here's this miniscule figure in history, and people are celebrating like Stalin just died.
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Old 03-05-2013, 09:06 PM   #75
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Originally Posted by petegz28 View Post
You didn't even know what Bloomberg TV was until Native told you about it the other night.

don't be butthurt because you let your mouth overload your ass, it isn't the first time you've done so.
Why does it matter if I don't watch Bloomberg TV? Or read charts? Don't try to make this so complicated. People buy because they think there's a better future ahead. People sell because they are happy with a current profit or want to get out before it gets lower.

Right now, more people think there's a better future than those on the opposite end.
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