Stock Market

[MarthaStewart]

Do you set a daily stop loss?

There are tons of different ways to trade - some risky, some less so. Regardless of the way I trade, prediction of stock doesn't truly need to know.

What I do is provide the information that allows others to make those decisions.

There is an ocean with waves going up and down - I go to the edge of the boat and point to the spot where the next rise will be.

And Wodin, I don't see the popups since I use Mozilla, all I see it is a little icon at the lower left of my browser that tells me it tried to pop shit up.

I never read the ads on there, I just noticed there were content boxes that looked the same as Googles.
Interesting - I am familiar with Google's ad system, but apparently haven't looked at their interface in a bit to see that they have provided this for other sites.
Good idea.

 

[FatRat]

You lookin at US only, or can you point out some waves on the London SE?

 

[MarthaStewart]

all of my data is of the 3 US exchanges at the moment.

if I can get a better feed that spans the global markets, then yes, I could do that easily.

 

[WODIN]

Google is partnering with anyone who wants to provide space for a relatiional ad search system.

 

[Lumberg]

yeah Martha we're talking about the search results next to the quick reply box.

anybody who is still using a browser that allows popups deserves what they get.

what do you think og Google's prospects as a public company?

 

[MarthaStewart]

Google has many investment banks all in a tizzy right now (well, actually the excitement was more like a year and a half or so back).

They have very little overhead, a very small staff, and an incredibly efficient system - even with their large hardware resources.

Therefore, they essentially do very little in terms of expendature, yet have a large amount of current and potential revenue streams.

They are so thrilled because these are the same reasons that EBay has been able to do so well.
If for some reason hardware prices were to suddenly skyrocket (which they won't for any forseeable reason since they really never have), or unless for some reason the management becomes retarded and starts hiring more people... then Google can keep making money in this manner.

Ways that they might start having issues are if the competitors that are coming up start to provide faster and/or better service. AltaVista had this problem - for many years, they were the best search engine - but then other companies came out that were better.

If there is a limiting factor, that would be it. The fear of the newcomers ousting them.
If I had to bet on it, I would say Google can survive on this business model for a long time.

That said, it isn't entirely clear to me if they really need to go public. If they have plans for very large projects and need to raise the revenue, then it going public can help - but then you have to wonder what those projects are (they must obviously be expensive) and will they hurt the existing revenue stream that is so currently desirable?

I like Google a lot.

 

[MarthaStewart]

Okay, so the markets are closed. Dumping those tickers into finance.yahoo.com gives me their "Day's Ranges".

ALT opened at 1.31 and went as high as 1.36.
(1.36-1.31)/1.31 = 0.03816
So that is 3.8% there, plenty of leway to have gotten a .5% trade in.

BER opened at 48.35 and went as high as 48.57.
(48.57-48.35)/48.35 = 0.0045501
Ahh, well that one made it to .5% only if you round it.

ECL opened at 24.50 and got to a high of 24.61
(24.61-24.50)/24.50 = 0.0044897
Ahh, another on that is just not .5%, but it is near there - but not near enough to round to it. .45% is not too far off from .5 though.

HITK opened at 28.05 and hit a high of 28.50
(28.50-28.05)/28.05 = 0.01604
1.6% - we good.

IGT opened at 26.35 and hit a high of 26.48
(26.48-26.35)/26.35 = 0.004933
Again, if you round, it is there.

IMH opened at 14.05 and closed at 14.74
(14.74-14.05)/14.05 = 0.04911
Oh hell yes. 4.9%

BDY opened at 18.05 and hit a high of 18.18
(18.18-18.05)/18.05 = 0.007202
.7% is fine by me.

So in the end, perhaps I should change it to being that they hit .4%.
But if I can call that everyday - which I can - then I can do a quick calculation here and see what I would spend and make in a year.

Looking at those, I'll just use BER as an example. Let's say I bought it at when it opened and in fact got that price. So $48.35.

Say I have a pool of $50,000 that I can live without and that is what I buy stocks with.
I buy $50,000 worth of this stock. $50,000/$48.35 = 1034 and some change.
Let's say I only buy even lots (which are 100 of course), so just make that 1000 shares.

I will buy that many shares, and I will sell that many shares. So that is two trades a day, and therefore two commission charges.
Let's say I get charged one cent for each share. That is $10. Two of those obviously being $20.

We buy and we sell that amount, so $20 is our commission each day.

So let's say that even though I was close to .5% on each of those (most did in fact do it) - I really should be saying .4% is what we are looking at.
So 1000 shares at $48.35 costs us 48,350.
We gain .4% on that, so $48,350 * .004 gives us a whole whopping $193.40 that we brought in.
Minus our $20 of fees and we are at $173.40.

I said before that I can do this every trading day. There are about 250 of those in a year.
250 * $173.40 and you get $43,350 a year.

Keeping in mind nothing happened to our original $50K. So we have a total of $93,350 at the end of the year after we started with $50K.

Granted, you need to take out at least 40% for taxes, leaving us a mere $26,010 of that new money, so that back onto the $50 is $76,010 at the end of the year.
That doesn't account for letting the returns sit in an interest bearing account, not any tax avoidance techniques either.
Not to mention that $50K is what some guy trading at home might use, anyone that is serious would want to use at least $200K and then we can get into something interesting.

That is one of my most conservative bits of code. The ones that make 2% a day or more are far more fun.
These are times near earnings when things are getting ass raped anyway, and many feel they should stay out of the water as it is during those times.

 

[Crazy Ivan]

Well, shit.

PSYOPS, all I can say.

 

[WODIN]

Martha I like what you're cooking her!

 

[MarthaStewart]

Like fucking your mom in the ass, I can do this all damn day.

I'm actually starting up a company that does just this.