A Stock Market Crash is coming!

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 6 years ago '10        #361
Ambassador 444 heat pts444
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 o7media said:
That has to be an error. No way there's 0 OI on a stock like BAC.

[pic - click to view]



Could be an error. Will have to see tomorrow morning.
 12-22-2011, 03:37 PM         #362
illicitx 
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Is BAC only staying rampant due to Buffett's investment?

Their financial statements scream for an investor to run away asap.
 6 years ago '10        #363
Ambassador 444 heat pts444
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 illicitx said:
I'm thinking about opening up an IRA before the end of the tax year to reduce my AGI or opening up an IRA with my tax refund I get.

I know I asked this before, but drop me the sites you guys use to purchase stocks/commodities.

Tired of seeing you fu*ks make all the $. Let me join the 1%
I use Investopedia and Stockcharts

You can learn market terms from Investopedia but I read up on Stockcharts to learn everything about charts. Reading charts and figuring out where the current trend of a stock is headed is called technical analysis. Fundamental analysis is buying a stock based off a company's balance sheet. In today's market, it's best to trade following trends on charts and ignore the news. I'm sure o7media would agree.


 illicitx said:
Is BAC only staying rampant due to Buffett's investment?

Their financial statements scream for an investor to run away asap.
There is high volume on $BAC because the market has been green the past few days and traders/investors are hoping for some more upside by the end of this month. I think financials is the worst performing sector this year. I could be wrong. Average volume on $BAC is about 200 million. Today it has a little over 300 million.
 6 years ago '08        #364
o7media 47 heat pts47 OP
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 iNsane said:

[pic - click to view]



Could be an error. Will have to see tomorrow morning.
Definitely an error.

 illicitx said:
Is BAC only staying rampant due to Buffett's investment?

Their financial statements scream for an investor to run away asap.
BAC and other banks are actually down quite a bit this year. They've underperformed badly.
 12-22-2011, 04:29 PM         #365
illicitx 
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 iNsane said:
I use Investopedia and Stockcharts

You can learn market terms from Investopedia but I read up on Stockcharts to learn everything about charts. Reading charts and figuring out where the current trend of a stock is headed is called technical analysis. Fundamental analysis is buying a stock based off a company's balance sheet. In today's market, it's best to trade following trends on charts and ignore the news. I'm sure o7media would agree.




There is high volume on $BAC because the market has been green the past few days and traders/investors are hoping for some more upside by the end of this month. I think financials is the worst performing sector this year. I could be wrong. Average volume on $BAC is about 200 million. Today it has a little over 300 million.

Does technical analysis ever involve the financial statements?

Does it totally disregard a company that is basically at the point of going underwater financially? (not being able to cover short or long term debt)
 6 years ago '10        #366
Ambassador 444 heat pts444
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 illicitx said:
Does technical analysis ever involve the financial statements?

Does it totally disregard a company that is basically at the point of going underwater financially? (not being able to cover short or long term debt)
It disregards everything and anything about a company's value. You're only trading based off how they're chart looks. If you know a company is going down then I see no point in trading that at all.
 6 years ago '05        #367
kkkid 177 heat pts177
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not that i approve of this in anway but i notice you dont advertise your site on hsm & you have all these other f*gs promoting there sh*t to the fullest.
 6 years ago '08        #368
o7media 47 heat pts47 OP
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 kkkid said:
not that i approve of this in anway but i notice you dont advertise your site on hsm & you have all these other f*gs promoting there sh*t to the fullest.
i've explained why i don't on hsm in the chat before. because the f*gs (stockjock-e) made me remove it ...he accused me of 'stealing' members from his site.

but he allows everyone else to do it. he even made me stop posting my screen shots of the chat logs and my alerts

me and jock-e have gotten into it a few times, if you notice i try to ignore his posts on there as much as possible. him and that f*g rock.

only reason i post there is because of my new site, and i get a lot of pm's on there so i just tell them to join my site via pm
 6 years ago '05        #369
kkkid 177 heat pts177
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I'm some what aware of it, i'm definitely not in the "inside crowd". Which is kind of why i hate 1 of the people in the chat..... if your down with them why are you coming into our chat to make money off our picks & talk with us.
 6 years ago '08        #370
o7media 47 heat pts47 OP
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 kkkid said:
I'm some what aware of it, i'm definitely not in the "inside crowd". Which is kind of why i hate 1 of the people in the chat..... if your down with them why are you coming into our chat to make money off our picks & talk with us.
You talking about OF i'm a.ssuming?

He's a cool dude, he brought a few people over from hsm to my site. He's not really 'down' with hsm so to speak.

But once my new site is up I'm going to let jock-e know about it and try to be fair and ask if I can post my links. If he says no, then fu*k it...minimum posts there and I'm pm'ing everyone my link


It's gonna be their loss, I have pm's about jock-e bi*ching about their traffic ever since they switched to the new site. They fu*ked it up themselves and now they're making the members suffer. I'll just be another member gone.
 6 years ago '05        #371
kkkid 177 heat pts177
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Ya its a bi*ch move that hes lets others advertise.
 6 years ago '08        #372
o7media 47 heat pts47 OP
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 kkkid said:
Ya its a bi*ch move that hes lets others advertise.
Yep, and his reasoning is even worse. It's ridiculous.
 12-23-2011, 02:33 AM         #373
illicitx 
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 iNsane said:
It disregards everything and anything about a company's value. You're only trading based off how they're chart looks. If you know a company is going down then I see no point in trading that at all.
How would you know if a company is going down without reviewing the financial statements?

Do you pick your companies from a range of companies that are financially stable and then do technical analysis?

I'm not trying to be a smart a.ss, I'm seriously curious.
 6 years ago '10        #374
Ambassador 444 heat pts444
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 illicitx said:
How would you know if a company is going down without reviewing the financial statements?

Do you pick your companies from a range of companies that are financially stable and then do technical analysis?

I'm not trying to be a smart a.ss, I'm seriously curious.
I read a lot of articles after the market closes. That way I know which companies are doing well and making moves.

Besides, if you look at a chart and see that it's is broken or in a downtrend, you might wanna look up to see what caused their stock to decline so much. Take BAC and RIMM for example
 6 years ago '08        #375
o7media 47 heat pts47 OP
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Gold broke that base it formed 2 weeks ago ...closed below it. Still falling.

Went to around $1,550 an ounce today.

 6 years ago '08        #376
o7media 47 heat pts47 OP
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Gold down again...continuing to fall towards that $1,500 level. Hit a low of $1,523.90 today.




edit: Gold chart....


[pic - click to view]



Last edited by o7media; 12-29-2011 at 11:55 AM..
 6 years ago '04        #377
murdahudawg 2 heat pts
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I want gold to drop sub1000 why?
sh*t so I can buy jewelry again! ;)
Still learning .... eve so slowly.
Once I can read a chart properly, I will try to participate.

Oh an I seen how yall trid to style out on me earlier with that super confusing chart that wasn't funny! LOL
 6 years ago '10        #378
Ambassador 444 heat pts444
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The famous golden cross on the dow chart
 6 years ago '08        #379
o7media 47 heat pts47 OP
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$30,222 | Props total: 8641 8641
 murdahudawg said:
I want gold to drop sub1000 why?
sh*t so I can buy jewelry again! ;)
Still learning .... eve so slowly.
Once I can read a chart properly, I will try to participate.

Oh an I seen how yall trid to style out on me earlier with that super confusing chart that wasn't funny! LOL



 iNsane said:
The famous golden cross on the dow chart
ehhh almost ...

 SKEME said:
its coming
 6 years ago '08        #380
o7media 47 heat pts47 OP
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I have a new site btw. Check my sig...

You like my call on the Gold short? Down $250 - $300 an ounce since.... subscribe then mofo's

Nah, but my site is free through January
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