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The S & P VIX went over 22.5 today

Posted on 7/27/11 at 1:36 pm
Posted by LSURussian
Member since Feb 2005
133501 posts
Posted on 7/27/11 at 1:36 pm
I'm going in!!!!

Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 7/27/11 at 1:37 pm to
I just bought some Southwest at $10.02.

RSI 14 was at 23.
Posted by saint308
LA
Member since Oct 2010
496 posts
Posted on 7/27/11 at 1:39 pm to
I added to my RES and UAN position today.

ETA: I may open a position in MMR before the end of the day.
This post was edited on 7/27/11 at 1:40 pm
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2964 posts
Posted on 7/27/11 at 1:46 pm to
quote:

I just bought some Southwest at $10.02


bought last week at 10.40...i really like their prospects, so i'm looking for a long term gain here.
Posted by LSURussian
Member since Feb 2005
133501 posts
Posted on 7/27/11 at 1:52 pm to
XOM, JPM & CAT
Posted by C
Houston
Member since Dec 2007
28156 posts
Posted on 7/27/11 at 2:07 pm to
quote:

I'm going in!!!!


are there any sectors you would avoid?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/27/11 at 2:10 pm to
quote:



are there any sectors you would avoid?


I'll start that list.


Airlines.
Posted by C
Houston
Member since Dec 2007
28156 posts
Posted on 7/27/11 at 2:13 pm to
quote:

I just bought some Southwest at $10.02.


holy shite, is southwest really the largest airline by market cap?
Posted by LSURussian
Member since Feb 2005
133501 posts
Posted on 7/27/11 at 2:20 pm to
quote:

are there any sectors you would avoid?



I'm with Flask in answering that question.
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 7/27/11 at 2:20 pm to
quote:

Airlines.





"Hidden Flask KNOWS NOTHING!!!"
Posted by LSURussian
Member since Feb 2005
133501 posts
Posted on 7/27/11 at 2:25 pm to
quote:

"Hidden Flask KNOWS NOTHING!!!"

But Warren Buffett does. He has gone on record several times saying there is no publicly traded airline he would invest in.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/27/11 at 2:53 pm to
I was just starting your list for you.

Your disliking of airlines I as much of an MT standard as MVIS.
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2964 posts
Posted on 7/27/11 at 2:56 pm to
Well Peter Lynch is also pretty good and he had this to say about cyclicals

quote:

Cyclicals: Companies in which sales and profits tend to rise and fall in somewhat predictable patterns based on the economic cycle; examples include companies in the auto industry, airlines and steel. Lynch warns that these firms can be mistaken for stalwarts by inexperienced investors, but share prices of cyclicals can drop dramatically during hard times. Thus, timing is crucial when investing in these firms, and Lynch says that investors must learn to detect the early signs that business is starting to turn down.


I'm not looking for some outrageous growth or anything, but Southwest has good prospects with new opening routes (via Airtran), a better "image" than American, United, KLM, etc, and although the industry as a whole gets a bad rep (and for good reason), I think there is a profit to be found here and it's a good way to balance out a portfolio that has more "unstable" stocks like bio-medical, tech, etc

Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26705 posts
Posted on 7/27/11 at 3:06 pm to
I'll take Warren Buffett over Peter Lynch any day of the week.
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2964 posts
Posted on 7/27/11 at 3:11 pm to
quote:

I'll take Warren Buffett over Peter Lynch any day of the week.


You'd be an idiot not to, I don't think anyone is arguing otherwise.

ETA: They also have separate ideologies in growth vs value...
This post was edited on 7/27/11 at 3:21 pm
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 7/27/11 at 3:13 pm to
quote:


I'll take Warren Buffett over Peter Lynch any day of the week.




But he is wearing a bowtie. That has to count for something.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/27/11 at 3:29 pm to
Oh snap!!!
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26705 posts
Posted on 7/27/11 at 3:44 pm to
I'm going long AAPL, LUV, MVIS, CORN, GOOG and GLD.

Deal with it
Posted by poule deau
Member since Jan 2009
1474 posts
Posted on 7/27/11 at 3:46 pm to
quote:

MMR


Been hearing a lot buzz about their stock from people in the industry.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/27/11 at 3:51 pm to
Are you gonna leave us in suspense here or tell us what "buzz" is?
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