Trading the stockmarket (NO Referrals)

robgmun said:
There's going to be an almightly crash on Monday
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Not sure thats likely in this market. Even in Jan it took a while to sink rather then anything rapid like 2008.
If goldman had gone broke or something then sure, but this is just an adjustment though I do think its not going up now

Green on my screen today was
Code: 
hgm
gpx
ko
vxx
kmr
yau
cxe
ciu
djan
hyc
tep
pru
stj
rbs
ung
eur/gbp
uup


http://wallstreet1928.ning.com/video/dumb-traders-make-as-much
 
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ajstan said:
Guys

I have about £1500 I wish to invest - this is my first time using real money, I have set myself up a HSBC trading account which is all ready to go.

I say real money because over the past 10months I have been practising investing on bullbearings.co.uk and have done fairly well.

Does anyone have any good ideas where I can put my money or any useful advice for me?
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put your money in an isa.
 
Thats like 3 year old news. Its not especially unexpected or effecting to the market that goldman might or might not take a fine.

We already knew for years that a lot of the cdo stuff was very bady done and rated.

Apart from that I do expect the market to retract some because we are near pre crash 2008 levels, a lot of volume exists at this price and potential sellers but to crash just because of goldman would not fit.
Titanic took 160 mins to sink :p

Lehman being sold for scrap when korean bank and others had previously been looking to buy it was surprising.
The damage it did to capital funds that were never supposed to lose money was not just surprising but probably considered impossible by some.

In terms of expectations comparatively, Goldman has been on the cards for a while


http://online.wsj.com/article/BT-CO-20100414-714298.html?mod=WSJ_latestheadlines

2/9/08
http://news.smh.com.au/business/korea-bank-seeking-to-buy-lehman-bros-20080902-47w7.html
 
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robgmun said:
Hate to say i told you so, butttttttttt

FSTE down 100 points in 20mins
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I guess where we disagree here is that the SP500 fell after 4.30pm on friday so yes this is reflected on the next open in London but beyond that a further fall is not yet certain.

The FTSE following a decline in usa is a certainty, so certain you wont be able to avoid it when it happens while london is closed because unfortunately the prices will open lower before you can sell. Market makers have this advantage unfortunately

From 8am till 8.30 the market rose though its down some more now
 
Well that's it :(

I jumped in and bought £3000 worth of Lloyds shares at 66.6p

I really really hope i've done the right thing. :( :(

Not sure why i'm not confident about it. I feel that RBS must be peaking about now and there's no futher gains to be hand for a while, so i am hoping that Lloyds will go through a similar jump in the near future.

But i plan to hold on to them for the next 9months or so

Please convince me i haven't made a mistake PLEASE!!!!
 
You'll be fine... as long as Q1 results are ok tomorrow :) Bear in mind they were down at 46p a few months ago.

Don't worry if they do drop though - just see out the dips. Oh and don't sell to early, I had 10,500 shares at an 49p average buy in that I sold too early as I expected a dip.

Live and learn
 
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