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[bigfrank Administrator Find all posts View Profile Close bigfrank]

I don't day trade nor do I have enough money to do so so that a $.30 swing would make enough to cover the cheap commissions.

A 1.5 or 2.0 point spread is good for a day if you can buy enough shares and the stock goes up or down like you hope. Do that enough times and you make some money!!

Using this # so it is easy to see.

$.30 times 1000 shares = $300 minus $20 commish to buy and sell it = $280 profit in a hour. Now it can also go the other way and for me it does.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

Yeah but then that little profit is gone in seconds buying bags of crap over at Woot. You are in a vicious cycle.

Using this # so it is easy to see.

$.30 times 1000 shares = $300 minus $20 commish to buy and sell it = $280 profit in a hour. Now it can also go the other way and for me it does.

[mshatty Super Moderator Find all posts View Profile Close mshatty]

Yeah but then that little profit is gone in seconds buying bags of crap over at Woot. You are in a vicious cycle.

So true, So true.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

As for JDSU, Cramer used to say it meant "Just don't sell us". How fickle !
As to commissions, Bank of America now has fee free trading. Since they bought MBNA, I'm guessing that they will employ the MBNA strategy similar to bait and switch and will start adding fees as soon as they get a certain number of people on board.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

JDSUD down, JNPR Down, Ford down, Cmgi up

Here is a safe play. NYB is at one of it's lows. It is below $16.20 When ever it is at this level I have seen it go back to $16.80. The stock pays a 6% div which I think you have to own it with in the next two weeks to get it. I own a few shares in a few accounts and I just put a buy bid at $16.19 and just bought more The last time I bought this I paid $16.25 months ago. I have not seen this stock go this low since then.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Here is a couple of today's big losers that look like they may come back: zl & ghm

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

NYB has a bit of a red flag. Cost of revenue has been increasing notably, with the last quarter's 68% more than just 3 quarters ago. Also, financials are coming next week. Buying at this time is gambling a bit as to whether things are continuing the trend or whether things have improved. I haven't decided to throw the dice yet.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I am no expert as you might have noticed but Ford should be getting really hammered today with there news that they lost Billions. This was much worst than annalist's had predicted. There are not down as much as they should be.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

One analyst put a target price of 5 on Ford - hope you aren't holding, Frank.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

One analyst put a target price of 5 on Ford - hope you aren't holding, Frank.

Nope just looking to find the bottom.

[mshatty Super Moderator Find all posts View Profile Close mshatty]

Nope just looking to find the bottom.

Do you have a shovel?

[bigfrank Administrator Find all posts View Profile Close bigfrank]

One analyst put a target price of 5 on Ford - hope you aren't holding, Frank.

Wish I was holding F, It is up like 40 cents right now.

My two winners today are LU and NYB, Everything else is going down.
I think that JDsud may have hit bottom, Then again it may not have.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I think we should have bought Ford.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Looks like Jdsu found the bottom. It is up today.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

please don't buy anymore frank....I need for it to go up.

Looks like Jdsu found the bottom. It is up today.