Quote:
Originally Posted by Phanuthier
Yeah, something like that scares the crap out of me. I was sort of thinking the stock market might go back to what it was intended to do, buying companies based on value value then speculation. Speculation is what got us into this mess.
$1 trillion, christ.
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I day trade options all the time actually. In fact I made a killing on my october potash calls. Got killed on my september SOLF calls though.
In terms of good blue chip long term holds, I still think Bank of America, though you would have done better when i originally posted that...since then its up about 10 bucks.
If its a long term I think oil and other commodity stocks are a good bet. Encana seems like a good buy, especially with the upcoming split. Canadian banks are also a pretty good buy and hold (maybe not after today). TRP seems like a safe bet too.
If you are looking higher risk, solar companies can always be fun. I've done some day trading and options trading on SOLF and LDK. They are a pretty high growth industry, although they do rely on high oil prices to maintain sales growth, as well as there materials (silicon wafers) are expected to get more expensive into next year.