thouughts on BAC? (stock market, buying, sell, banks)

[Texas User]

As soon as my stocks come into positives, I will sell it. I have not made any money with BAC.

[Currency Pair Crocodile]

Originally Posted by Texas User

As soon as my stocks come into positives, I will sell it. I have not made any money with BAC.

Puts dude, get puts. You can safely bet against BAC in the short term. Or, on a crappy down day get calls

[Currency Pair Crocodile]

And of course, I'm sort of annoyed the job situation has improved, I betted against it yesterday, geeez. Hopefully, next Thursday more people lose jobs

[Texas User]

Originally Posted by Antlered Chamataka

Puts dude, get puts. You can safely bet against BAC in the short term. Or, on a crappy down day get calls

I don't do day trading. I am in it for long-term only. All of my other stocks are doing over 10% gains though.

[Currency Pair Crocodile]

And yesterday's gains almost wiped out today, and anyone thinks the market is not manipulated??

Traders win, investors lose. Sad.

[Currency Pair Crocodile]

Originally Posted by Texas User

I don't do day trading. I am in it for long-term only. All of my other stocks are doing over 10% gains though.

It's not day trading, man. I'm saying options trading based on events.

I bought puts betting on some events and I'm in the money presently. Should have been yesterday, but bizarrely, market is red today and I'm pleased

[Texas User]

Originally Posted by Antlered Chamataka

And yesterday's gains almost wiped out today, and anyone thinks the market is not manipulated??

Traders win, investors lose. Sad.

Market is volatile now but not as volatile as the 2008 crash.
Investors win in the long-run. I don't worry about the market everyday.

[Currency Pair Crocodile]

What the ..

Citigroup announces 1-for-10 reverse stock split - MarketWatch

So my 1000 shares become 100 and I get a dividend of 2 cents a share

Thank you, Pandit the Bandit, thanks to you I can do my laundry every quarter.

[Texas User]

Originally Posted by Antlered Chamataka

What the ..

Citigroup announces 1-for-10 reverse stock split - MarketWatch

So my 1000 shares become 100 and I get a dividend of 2 cents a share

Thank you, Pandit the Bandit, thanks to you I can do my laundry every quarter.

1 cent but this is just temporary right?

[Currency Pair Crocodile]

Originally Posted by Texas User

1 cent but this is just temporary right?

I think it's for real, dude.