/sci/ - Science & Math

>>3537597

I guess I should have established my name first. This is what I'll use.

My outlook for today. Futures are way up. Don't buy into, wait until market opens and settles out some. I think we could see a spike up within 15 minutes of opening and a dump to settle out. People will be caught with their pants down. Maybe a nice slide up through the day. I think we should also be careful holding anything until Bernanke talks. Nothing but trades until then.

Positions I'm watching today:

$F, $BAC, $IRE, $VHC, $FAZ, $FAS, $TVIX, $FEED, $MILL

I'll let you know if I see some other ones with lots of action.

As an anarchist who is very against capitalism, I invest only in bitcoins.

>>3537607

i laughed

Futures are up this morning hiiiiiigh which could >imply a good day. But gold is also hitting record highs. These two are usually inversely proportional.

How much does the speed you receive news affect your ability to buy/sell efficiently?

>>3537624

Depends on the market. OTC, AMEX and other markets like that are usually 15 minute delays on tickers like Google and Yahoo. NYSE? You better be quick.

Usually the big guys know about big news before you. They get inside solid rumors borderline insider trading. Also, a lot of big swinging dicks pay for newswires.

Still you can be competitive if you are quick. I'd day 5-10 minutes on huge news.

>>3537620
>Futures are up this morning hiiiiiigh which could >imply a good day. But gold is also hitting record highs. These two are usually inversely proportional.

Usually, yes. I would interpret it as the insiders being optimistic (in the short term) while the proles are still panicking.

Any bets? Will we see black ink or red ink at 1000 EST?

>>3537647

I think we might see gold becoming not an alternative, but just a safe bet even in a bull market. Still, that's not an established trend yet, I'll keep an eye on it.

Good luck traders.

i heard commodities might go up today. Gold & gold stock had a good day yesterday, besides ETN/ETF

Can you recommend any solid primers on modern financial markets? I'd ask more specific questions but I don't know jack.

>>3537662
>a safe bet even in a bull market.

It's hard to see how it could be considered safe now, considering the huge increase over the last few years. How could a correction not be coming?

Bump.

May I say this is a very cool thread. Carry on trading!

>>3537677

I suggest investopedia.com. Lots of good knowledge there and for beginners and advanced guys. Check out fool.com too. They are a little more sterile than the info you'd get from a place like /sci/ but some good reads and ideas. Open up a free portfolio and start practicing before using real money.

>>3537682
True, it would seem a correction is impending, but I thought it was overpriced 2 or 3 weeks ago. Now it's hitting high. There is still global economic unrest.

Gold's down about $35 in the last four hours since the Hong Kong closing. Might see quite the sell-off today as investors do some profit-taking. Course it might rebound now that the US markets just opened if stocks continue to slide, but I think stocks are gonna bounce up today and golds gonna slide.

>>3537698

Possible.

I think in situations like this, you have to turn into a psychologist. You need to read the emotions and actions of people which is difficult to impossible.

I think the smart strategy today is playing bounces and scalping.

What's the best place to use to see how well certain stocks are doing that are up to the minute? Google/yahoo finance?

>>3537717

Either one yes. Each has it's own special features and layout. I use Google over Yahoo! I mainly use my IB software but keep tabs of Google open in Firefox (which sucks now after the new update) to follow news.

Some crazy moves in $VHC guys. Check that one out. Also, earnings come out tomorrow, so I don't know if I'd hold that one long, just trade today.

Gold's going to keep climbing across the week I think. Bernanke's speaking today and any time he opens his mouth and utters "QE3", gold investors get their buy on.

Oh, whoa. I didn't know but apparently there are riots in the UK over the economy.

How do you see this affecting the markets?

>>3537698
I like to see the faces of the guise that were convinced that buying gold was a good idea

>>3537634

that's the main reason I don't do day trading, lag in info, if you aren't on the floor, info doesn't get to you in time. Couple with lag. I used to have access to Bloomberg terminal and still couldn't keep up. Lots of stuff don't get to the news desk. Sometimes it could be a blessing, most of the time, it is costly. Besides, not enough money to get into day trading.

>>3537745

Haha, very true. I'm skeptical too. QE3 = shitting brix. Since QE2 worked so well...

>>3537746
Not sure, I thought the riots were over a guy getting shot by the cops...

>>3537759


http://www.jpost.com/VideoArticles/Video/Article.aspx?id=233040

>>3537751
>>3537751

It's not for everyone. I typically don't make money on large capitals. I stick to stocks from $0.75-$5 for the most part. Sometimes I play large stocks like F and BAC on high volatility days.

>>3537746

you good sir are a fag...the riots started due to a black guy being shot by the police but now its pure vandalism...ANARCHY FTW!!

Now that some of the banks have rebounded ~10%

Maybe time to take a short position? I don't believe they'll stay up there

Well I just bought $1500 in BAC at 6.8. Hopefully I'm right and that shit will rise back to historical levels...

>>3537792
Oh it probably will, you just might be waiting a very long time.

>>3537777
>black guy
Eh, I guess.

But all it is now is looting stores and torching stuff.

>>3537790
That's your bet to make.

>>3537792

Think about unloading at profit man. They are getting sued by AIG for $20+ billion. They are being accused of cooking the books. They are at lows, for sure, but not sure they will see historic highs any time soon.

>>3537790

Where are the banks you are talking about? European banks are awesome plays, but very dangerous. American banks are fucking bipolar right now. Some are solid, some are crooked.

>>3537802

Well, just waiting for it to rise to 7 so I make profit that isn't dwarfed by broker fee

Down another $5 in the last 30 minutes.

canadian banks only up by 2.5-3%, I don't know much about EU banks, know enough about US banks to stay away from them at this climate

VHC is up pretty well. What made you think to keep an eye on that one?

>>3537813

True, depending on how the lawsuit goes, you could see $8-9 soon.

Who do you use for IB? Check with Zecco and Optionshouse that offer cheaper trades.

>>3537819

Right now I'm using scottrade. It's 7 bucks a trade. Will look into those...

>>3537817

It's ridiculous volatility and lots of short interest. They also have earnings tomorrow.

I have been playing $IRE for the last year. I sold 9500 shares this morning at $1.18. Now it's up to $1.27.... fuuuuuuuuu.

>>3537823

Get rid of scottrade. If you are interested in trading and not just investing, check out other platforms. Do some research for reviews.

>>3537792

man, I don't know, you're taking position of BAC gaining ~8% today (6.5-7). And betting much (1.5k) on it for gain of only 50 since you going in at 6.8

>>3537834
>>3537834

Believe it or not, he bought at the best point for trading. There seems to be support around $6.75. He'll be alright. When it gets to $7.30, which could happen today if Bernanke gives people a boner, he could pull in $115, which gives him $100 profit after subtracting trade fees.

>>3537834

Already risen 7%.

>>3537825
don't look at stock prices too often, they fluctuate

inexplicably TSE:UUU gain so much on essentially nothing related. Hahahah, >>3537825
yeah man, I sold some TRE at 6.50 couple of hours later it touched 7, a day later it touched 8.10. Shit sux.

>>3537844

Haha, I day trade man. It's how I make a good portion of my income. Not only do I know that it fluctuates, I know how to make money off of it's fluctuation.

Well BAC now at 7.03, I could bail the fuck out right now or hope for even more rise. I think I'm going to wait and see. Doubt Ben Bernanke's going to give any bad news

>>3537847

Better than losing money, which I have done before. As recent as yesterday, actually....

Hey, so when the fuck is Ben going to give us some news?

>>3537856

If you'd like my opinion, the candlestick chart is showing that it's slowing down at $7 and there was resistance at $7 earlier today.

If you are looking to unload today, $7 isn't a bad place to get out now, take your $40 and run. However, if you are long, I think you could see more profits, just have to wait longer.

Always remember this though: never be greedy. It'll fuck you every time. Whenever you think, uh i'll holdout and make more, you'll get fucked.

Always. Take. Profits.

HOLLY SHIT

Is anyone else watching VHC? It's up damn near 22%

>>3537860

I thought I heard noon. Somewhere between noon and 2 EST.

>>3537865
like in poker, know when to fold

>>3537860
>>3537870

http://online.wsj.com/article/BT-CO-20110809-711413.html

>people are guessing 1815 GMT today

>>3537867

I'm watching it. Haha. I'm out now, it looks like it'll head down. This stock is wild and has heavy short interest.

>>3537857

yeah, I know. Especially if you backing high range (10 and up, since I pay high fee, it hurts even more when you factor in the cost). You're the anon I chatted with awhile back right when you made ~2k couple of weeks ago, I recognize you by your backing of IRE. Anyways, I'm missing out on this time. In middle of transfering my account from bank to questrade. Gotten sick of paying 20 for every trade. Optionshouse is good too.

>>3537903

So, what do you think about shorting it at it's current price? Would it be too risky or do you think it could still move up?

MARKETS!!! FINANCE!! SCANDALS!!

Maybe I'll just make a thread, but looking for advice. I bought 2k shares of NBS - a small 'ethical' stem cell company - @ 1.44 a share a couple months ago. At the time its year low was 1.20ish and there was a lot of hype.

The company tried to raise 16.5 mil in an offering at 1.25 a share. Since then its' been raped to 0.65 - a mix between reaction to that offering and the current raping going on.

So, here I am, having lost around 1.7k and wondering what to do. The company, other than that offering shit seems alright - been following it since march, and they now have ~18mill to use making me think they'll be stronger in the long run. Many people and orgs still have a buy and ~3 dollar target.

So, should I stay in or dump it for the loss hoping to get into something else at the lows the market is currently at/will be at in the next few days? I hate having to long this but will if I need to.

>>3537924
>>3537924

Yep, that's me. IRE is my shit, my signature cash cow if you will.

I'll try to start daily threads here. Someone people requested it in a thread I was in last week. I was making suggestions on where to make money in the down swing.

>>3537955

Same fag here, I could have walked away at 1.65 but held...yes I know I fucked up. Just looking for damage control I guess

>>3537938


You probably won't be able to borrow the shares to short it anyways. It might not be a bad play at $20 because I think there might be underwhelming earnings tomorrow.

It's a hard to borrow stock because of short interest. Most common interactive brokers won't have access.

>>3537964


Give me a minute. I'll answer in a few.

>>3537955

Yeah, probably should have taken profits, but that's hindsight 20/20. I suggest holding onto it. There isn't much short interest which can be a good sign. Analysts say outperform to buy. I say hold onto it. You'd be selling into way much of a loss and at that point it's worth just holding onto it to see where it ends up.

>>3537955
That's fucking stupid. Why would you invest in a company that's unstable due to fundies?

>>3538005

That's small capital man. They gotta raise money somehow to expand, especially if it's research. Not necessarily dumb. Unfortunately they dilluted the shares, but that's not always permanent.

>>3538004

Yeah, think I will then. I don't want to take that loss. Thanks

>>3538013

No problem. Investing/trading is VERY similar to gambling. And just like gambling, don't use money you can't be without. And do your best to keep emotion out of it. Just a few brotips.

Anyone keeping an eye on VHC? Probably a short opportunity right now.

I love how google finance puts the news next to the prices so you can see what effect the news is having on the prices.

Almost makes it feel like a game to me. I haven't started traded or anything. Just watching to see how things go I guess.

>>3538055

Idk. Seems kind of risky.

http://www.tickrwatch.com/2011/08/extraordinary-price-movement-found-in_09.html

Looks like people may still jump on the bandwagon. No telling how much higher it may go.

>>3538055

Yeah that's helpful. But it doesn't always capture all of the news. Big news and large capital stocks are covered well though.

>>3538058

It's very risky and volatile. I've been saying that since I said keep an eye on it. There have been 3-4 playable trades just today with profits anywhere from 20% to 3-5%. It's playable at a technical level. Pretty easy to read actually. I'm just scared about getting fucked by the shorters though since I'm not playing the short.

Look at the squeezes on VHC. Haha, I'm tempted to get in on one of these oscillations but shit is just funny to watch. There have been 3 short opportunities and 3 long opportunities yielding 2%+ each in the last hour.

If you are interested in trading, I highly recommend looking this stock up in candlestick form and study the shit out of it. There is a lot to learn here from volume, reversal indicators, etc.

$IRE will probably slide to below $1.20 at close, leaving a lot of people holding the bag who bought into the sharp spike as a real move at open.

Is anyone even reading this, or am I wasting my time? Haha, I feel like I'm liveblogging my moves which don't really benefit me.

BEN COME ON GIVE ME SOME NEWS

actually where is the best place to check to see when the fed has released any info?

>>3538149

Don't think there are as many of us here as there were last week.

What should I be looking for in VHC? It doesn't seem like it's moved much. And what is candlestick?

>>3538151

WSJ, Reuters, it's supposed to be 1430 EST I believe. Somewhere you can stream it I believe, not sure where though. Anyone know where you can stream Bernanke's talk?

>>3538162

What do you see moving most after his speech?

Loss on dollar and gains on gold if Q3?

And if no Q3?

>>3538166

Man, I'm not sure how the market will react. Most people think QE2 was a failure and some see QE3 would be taking us closer to a recession. Some see QE3 as an allowance though, so market could take kindly to it.

I'm not going to hold anything going into it. Hopefully, whatever he says, it makes shit super volatile and I'll have a field day tomorrow.

If I want my citigroup stocks to raise in price so I can sell them off today what should I be looking for ben to say

>>3538166

Also, despite big ride today, the market is still nervous. If he spends his time dancing around and doesn't have something strong to calm these beta male of a market, it could slide today and next couple of sessions.

>>3538185

I'm not sure really how it could react. The only thing I think would be safe during QE3 would be treasuries or gold.

Either way, from what I'm reading, it would be unlikely that QE3 will be announced.

>>3538192

What are some good things to look out for shorting?

And what are the differences between all of those Tvix like stocks? I don't really know much.

>>3538224

Things to look out for shorting would be a sharp bounce, usually close to open. A textbook shorting opportunity would be to sell on the peak and after a nice long fade out, buy, or "cover" your shares at the end of the day. At the peak, you need to look at volume and spread for reversal.

I suggest reading tons at investopedia.com. There are some very helpful intro articles there to get you going.

TVIX is a fund set up to capture the volatility of the market. In tumultuous times like now, volatility is high and these funds do very well. Buy that when everything is very ho-hum, but you expect shit to hit the fan (remember Arab Spring at the end of Feb, look at the volatility in the aftermath during March). Volatility is the indication that the market is unstable and has large swings, high volume, panicking, etc.

My two favorite (risky) funds right now are $FAZ and $FAS. One is a buy for bear markets and the other is the opposite, a buy for bull markets. Both are set up for 3x, which means they have high beta positions to outperform the market as much as 3x.

I'm seeing that QE3 is unlikely to be announced. General sentiment seems to think that no QE3 will be a disappointed market.

Who the fuck knows really? The market is like a fucking girlfriend that is PMSing. Loves you one second, hates you the next, but all she wants is ice cream.

Anyone still watching VHC?

Are you afraid?

>>3538293

Well, I haven't taken any positions on it but I was very interested in it and it seems to be dipping.

>>3538292

Yes, seems to have leveled and will probably fade for a nice short since the time I said a short opportunity starts now around 1145 or noon.

>>3538293

Afraid of what?

Economics is not a science.

fuck off

>>3538321

Science is the practice of applying ration and logic to understand a system. Testable predicitons (buying low thinking it'll go high). Applying theories and formulas to make predicitons ("The Quants").


So, false, trading/investing is a science. Go back to /b/.

Also, I'm a mechanical engineer. Why do you think financial institutions hire engineers, physicist, mathematicians? Because they can do the necessary math.

Economics not being a science is a retarded argument from people that don't understand it.

I'm signing out for the day. Check back tomorrow morning, I'll try to start another thread if anyone is interested.

>>3538347

Later. If anything crazy goes on after Bernanke's speech, come back and give your picks.

>>3538335
Economics is about deriving a fairy tale about historical numbers.

Brace yourselves, Bernanke speech in 5 minutes.

I think today is the peak of a short, tomorrow, thing will go down once more. Next day? I don't know. It depends.

>>3538493
Shit, got a link? Any Cspan channels carrying it? They all stream.

Hate that I'm on my phone.

shit, the day probably will be ended up negative. Ben, why do you have to open you mouth