Posts
6184
Joined
8/27/2006
Location
Acworth, GA, USA
Edited Date/Time
1/26/2012 8:33pm
Stock jumped pretty much 100% last 2 days from $3.5 to $6.8 today of the news Wells Fargo was buying them out at $7 per share. However, stock was at $1 earlier this week before rebounding up to $3 and some change then the news this morning sent it skyrocketing. Whoever got in at the bottom just made over a 600% profit.
Anyways, citigroup is fighting it saying they already agreed to a deal so the stock has retreated slightly.
Anyone get in and make a quick 50-600% on Wachovia?
Anyways, citigroup is fighting it saying they already agreed to a deal so the stock has retreated slightly.
Anyone get in and make a quick 50-600% on Wachovia?
around 30%- 15 if you hold over a year - one of the down sides to trading is the short term capital gains.
Helped offset a couple losses earlier in the week. Still ended up about 60% for the week.
I may try to jump back in Wachovia Monday early if it is still around 6 and try to ride back to 7.
The Shop
Luxon 4-Post Bar Mounts
$189.95 - $239.95
DeCal Works Huge Plastic Inventory of UFO and Polisport kits.
Also, another stock FLEX has been taking a serious hit lately. Trading under $6 and has strong buy and buy ratings with price targets of $14. I thought it was a steal at 9 and was going to buy that instead of yahoo but wanted to get in yahoo because I thought the microsoft offer would come back on the table so I'm kind of stuck with it. Flex will climb quickly once market recovers. Should be back up to $8 pretty quickly in my opinion and if you hold could get to $12-$14 within a year. I might put some money in both.
IMHO, this bailout bill is like putting a band aid on a compound arm fracture. They have almost guaranteed a prolonged painful period lasting 2-3 years, and when it does heal our economy will never look or work the same. At this point, the only hope is biotech, alt energy, and war. The last option being the most likely to occur.
Hey BDOG, how do you monitor the markets? If I could get a line on the mergers and splits, I'd get back into it. I made good coin in the '90's, and got lucky by getting out during the first dip of December '99. Haven't got back into it since.
Ivan,
I agree, I believe we may continue down as there is more shoes to drop. I will continue to be in/out but also being very cautious.
They have a cool demo on the website that gives you 100K virtual money if you want to give it a test run.
His newest one "mad money" is also very good for learning the basics.
Also, don't play if you can't afford to lose it.
It's funny though, i was reading this thread and was reminded how most of my gains(back in the day) came from the most obscure places. A chat room , or overhearing a conversation at the gym, work. etc. All my losses came from interest peaked by news media.
I would just be interested to see if anyone else wants to offer a few stocks to watch. This Market is BEAT right now, I think it's time to make some money. I'm going to start playing a little bit.
BTW - I like Cramer, my girlfriend not so much. Says he gives her a headache, maybe she should read the book.
BAC,C, WB, FNM,FRE,AIG,TMA, JPM,AIG are some that I have been swing trading.
Lot of money to be made if you got the balls and can stand the stress. The one's under 5 a share, don't chase , as you can lose your shorts quick,-in a matter of minutes, as the big boy's can manipulate them easier.
I don't know if I'm that Ballsy!
Do you have any complaints with your scottrade elite?
I like it but have had some web site crashes recently that have been irritating.
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