Stock traders

[BanginJimmy]

Where do you get your info from whne making your purchase/sale decisions? I typically use all the info on E-trade and on the corprations website, but I also use recent trends.

I know alot of people are scared of the amrkets right now, but I have found ALOT of very nice deals over the last serveral months. I made a good bit of cash with the drastic fall, rise, and fall of Freddie Mac a few months ago and I am always looking for that next hidden gem.

What kind of forcast are you using for your stock decisions? I am taking a long term approach and buying up solid companies now, while they are cheap, and I am perfectly willing to let them sit for several years to regain their true value and hopefully sell off again at a significant profit.

Tell me what you got. I am always looking for new info so I can hopefully make some better decisions and become a bit more profitable.

[ironchef]

A combo of forums (hotstockmarket.com, investorshub.com, etc), TV (CNBC/Mad Money), and just browsing around is my info source.

[Jeff]

what do u think about gm? low right now and if they dont fail thats garunteed profit

[BanginJimmy]

what do u think about gm? low right now and if they dont fail thats garunteed profit

The Big 3 scare me right now because there is no reason to believe they will make it even after a bailout. Now if news comes down that the unions give some major concessions I would revisit this idea.

[ironchef]

If you grabbed Ford a couple of weeks ago when it was $1, and kept it till now, you would've banked a nice chunk. Personally I don't think the bailout will help out much, GM will burn through that cash with the quickness. IMO, their only chance is to reorg through bankruptcy, and if possible shed union workers completely. Honda, Toyota, Nissan, etc all seem to have fine operations in their US plants and they don't use unions.

[iamclassic]

best time to buy ANYTHING on the market

[ironchef]

Not necessarily anything, you still gotta be picky. But you do have way more bargains than say a year or two ago.

[BanginJimmy]

best time to buy ANYTHING on the market

not at all. Right now there is a TON of money to be made, but you have to be very smart about it. Do your research, watch trends, keep up to date on the news and you can make alot of money quickly, or you can grab up some of these large, stable corporations very cheap and sit on them for years as they rebound.

I currently own almost 500 shares of Citi that I bought at 6.34 a share, it is currently sitting at 8.54 and I am expecting it to be stable above 10 a share by years end. About that time I will be re-investing all of my dividends which will buy me another 7.82 shares at $10.00 a share.

[BanginJimmy]

been sitting around doing a little research on a few different stocks I plan on getting into in the near future.

What does Best Buy (bby) look like in the long term. It closed at a little under half of its 52 week high and 3rd quarter earnings come out next week. I actually expect them to take another 1-3 dollar a share hit in the week or so following that but then I wouldnt be suprised to see a little bit of a rebound in 4th quarter profits because of the timely demise of Circuit City.
Anyone else got an opinion on this?

[ironchef]

BBY for short term could be a decent flipper. Otherwise, I don't like it that much right now. I could see a decent drop coming especially after 4Q results are announced. After that, it could be a potential long termer cause of dividends. But I guess I should preface this with the fact I've never been a big fan of retailers.

Personally I don't think Circuit City's demise will have much of an impact on Best Buy, whether it be positive or negative.

[BanginJimmy]

BBY for short term could be a decent flipper. Otherwise, I don't like it that much right now. I could see a decent drop coming especially after 4Q results are announced. After that, it could be a potential long termer cause of dividends. But I guess I should preface this with the fact I've never been a big fan of retailers.

Personally I don't think Circuit City's demise will have much of an impact on Best Buy, whether it be positive or negative.

I know what you are saying about retail as I have avoided them also. BBY just jumped out at me because of the fall of CC though and the fact that they will have a huge market share in the areas that CC left.

[Kevykev]

there are more stock thugs to post.... waiting.....

:)

[ash7]

I use Ameritrade as well as a couple stock trader forums to make my decisions and get my information. I used to have a broker, but he was worthless - so now I do my own stuff.

These days i mostly dabble in commodities. Deeply invested in gold, and used to be all about the oil market. I was fortunate to escape that bubble before the price fell out though. lol

-jonathan

[BanginJimmy]

I have been alot of reading on commodities and futures but I still dont know about to jump into that area yet.

For a growth stock I have been watching First Solar(FSLR) for the last couple of week and I am seriously considering jumping in for a few shares.

Also looking at Boing(BA) for some long term investment.

[ironchef]

If you're seriously into trading, and want to see big returns, it won't get better than commodities/forex/futures. Of course the risk is greater also, but you gotta pay to play.

[BanginJimmy]

Like I said, I am reding up on them and as soon as I think I have a firm enough grasp I may dp into those a bit.

[dvlerin41]

I have been looking into doing some trading myself... I mean I am young (19) right now and still in college but the stock market always has been interesting to me.. I have been reading through stuff and trying to read up as much as possible. I plan on jumping into it when i graduate school in like 8 months.... Any major advice? I def like the big risk=big money idea... but also like the long term investments

[dartingd]

What do you guys think about WAMUQ? I had bought a lot of shares when it was at .05 a share, then it shot up quite a bit, and I should have sold it. I think it hit like .18 or something in that neighborhood. Now it's down to .03 a share. I'm thinking about dropping a little more money on it, but I'm not sure. They may come back, but I don't think it will be till late next year. That's fine, but I'm just not sure right now.

[B18c1Turboed]

Bloomberg.com, money.com and a few other sites!! Goog and AAPL always looked good too me.

[BanginJimmy]

google was always nice to just watch grow, but I think we have seen them go about as high as they are going to get. Now it is just a matter of catching them at the bottom of a dip and selling at the peak.

[B18c1Turboed]

google was always nice to just watch grow, but I think we have seen them go about as high as they are going to get. Now it is just a matter of catching them at the bottom of a dip and selling at the peak.

Tru but ahve you watched them the last couple days, they where at 240ish and now they over 300. A couple of months ago they topped 700.I think they will get too high 600s again.

[§treet_§peed]

i've been thinking about investing around 3k into the stock market but not sure where to even start lol

[BanginJimmy]

Tru but ahve you watched them the last couple days, they where at 240ish and now they over 300. A couple of months ago they topped 700.I think they will get too high 600s again.

Like I said, you have to catch them in the dips and sell off at the peaks.

[blaknoize]

I just wish I could invest... I've wanted to do this so bad, since I was 18... but can never find the funds :(

[Kevykev]

I just wish I could invest... I've wanted to do this so bad, since I was 18... but can never find the funds :(

I understand you, it's really hard for me to start as well. My investments lay in the physical sector. I tend to invest in thing that I personally have control over.

It's hard for me to invest my hard-earned cash in something that I have no control over.

:no:

[BanginJimmy]

I understand you, it's really hard for me to start as well. My investments lay in the physical sector. I tend to invest in thing that I personally have control over.

It's hard for me to invest my hard-earned cash in something that I have no control over.

:no:

This was hard for me too. It really isnt something that is easy to grasp for everyone that they give their money to a company and then the company either gives them nothing back for it, or they give a small amount back quarterly.

[Random Hero]

Investing rocks my socks.

[SL65AMG]

well i just bought a bunch of shares of a coal mining company. and it seems to be pretty stable. beginning jan 1st they are beginning a contract with a company to sell 7.14million dollars worth of coal. the stock has been rising a few cents the past few days and im expecting it to continue its rise. a few cents isnt much but when the stock costs 24 cents/share its pretty decent....



and if anyone ha any advice in markets/ sectors to look into id greatly appreciate it.

[BanginJimmy]

well i just bought a bunch of shares of a coal mining company. and it seems to be pretty stable. beginning jan 1st they are beginning a contract with a company to sell 7.14million dollars worth of coal. the stock has been rising a few cents the past few days and im expecting it to continue its rise. a few cents isnt much but when the stock costs 24 cents/share its pretty decent....



and if anyone ha any advice in markets/ sectors to look into id greatly appreciate it.


Be careful with Coal and make sure you keep an eye on any new enviromental regulations that come down concerning coal. Obama did say that he was committed to bankrupting the coal industry.

[SL65AMG]

Be careful with Coal and make sure you keep an eye on any new enviromental regulations that come down concerning coal. Obama did say that he was committed to bankrupting the coal industry.
yeah but it will go up before he gets in. if it comes down to it ill just sell it and get what profit i have made...

plus.... he cannot bankrupt the coal industry as easily as he wishes.... these people have a lot to lose and they will not go without a fight. its their business its their life. hes gotta have a better alternative to replace it before the coal industry vanishes....

[SampaGuy]

and if anyone ha any advice in markets/ sectors to look into id greatly appreciate it.


Gold/precious metals, check out VGPMX. Fuck their $10k minimum investment though. I am looking for a similar fund with a smaller minimum.

[SL65AMG]

Gold/precious metals, check out VGPMX. Fuck their $10k minimum investment though. I am looking for a similar fund with a smaller minimum.

why not put your money in the gold/silver/metals itself? check out www.apmex.com

[SampaGuy]

why not put your money in the gold/silver/metals itself


Less potential gain. The stock market is down like 60% ? Value of gold did not plunge like that.

[Norlan]

gold is almost $1000, ftw those who have been holding 2 months ago

[boosted b]

look into citibank stocks were at 1-2 dollars a couple of weeks ago but now it like 3 and rising there symbol is c

[BanginJimmy]

I own about 80 shares of Citi right now, but I got in too early. I thought they were bottoming out at about $5.00 then they dropped again. I am sure that Citi will survive this and when they do, those shares I have now will be well worth the money spent on them.

Their dividend sucks this quarter too.

[BanginJimmy]

gold is almost $1000, ftw those who have been holding 2 months ago


In those 2 months you would have made about a 2% gain. Thats great if you are only looking to protect money, but if you are looking to make money precious metals are laughable. If you can hold for the long term then stocks, especially solid financials like BoA and Citi will net you anywhere from 300 to 1000% gains within 5 years on the low end. I wouldnt be suprised to see 2000 and 3000% gains on some of these stocks, especially the FM's.

[Danny]

In those 2 months you would have made about a 2% gain. Thats great if you are only looking to protect money, but if you are looking to make money precious metals are laughable. If you can hold for the long term then stocks, especially solid financials like BoA and Citi will net you anywhere from 300 to 1000% gains within 5 years on the low end. I wouldnt be suprised to see 2000 and 3000% gains on some of these stocks, especially the FM's.


What are you talking about? Your saying a 2 % move in a future is laughable? I dont understand, thats bank to me.

For example. Just so we are on the same page.

You BUY 1 contract gold @ 950/oz. This will be about $7500 purchase. If it goes up to 969 (2% increase like you said). You will make $1900. 1900/7500 is 25% ROI. Thats pretty good if u ask me.

[BanginJimmy]

What are you talking about? Your saying a 2 % move in a future is laughable? I dont understand, thats bank to me.

For example. Just so we are on the same page.

You BUY 1 contract gold @ 950/oz. This will be about $7500 purchase. If it goes up to 969 (2% increase like you said). You will make $1900. 1900/7500 is 25% ROI. Thats pretty good if u ask me.


When you buy gold, are you buying a gold future, or are you buying actual gold by the ounce? I know nothing about the futures markets or precious metals. I am only basing that on actual gold prices.

[Danny]

When you buy gold, are you buying a gold future, or are you buying actual gold by the ounce? I know nothing about the futures markets or precious metals. I am only basing that on actual gold prices.

You are buying futures (this is how all commodities are traded) which come in contract sizes. Gold contract size is 100 troy ounces, which has a value of $95K+/-. The leverage amount of your trading account dictates how much margin (account value) you would need to purchase it (around 7500$ according to a futures calculator).

There are also mini-contracts, which make it more affordable.

Also, plenty of people aculattly buy bullion gold, or silver. Many places will sell you actual gold/silver bars for spot price plus a little. Then u get to act like a gangster and have a breifcase full of gold bars. But this is a CASH deal (or credit card lol). No leverage is available when buying bullion.

[BanginJimmy]

thanks for the info. Even though I dont plan on getting into futures anytime in the near future, I really do need to get a couple of books and do some reading on it.

[Norlan]

In those 2 months you would have made about a 2% gain. Thats great if you are only looking to protect money, but if you are looking to make money precious metals are laughable. If you can hold for the long term then stocks, especially solid financials like BoA and Citi will net you anywhere from 300 to 1000% gains within 5 years on the low end. I wouldnt be suprised to see 2000 and 3000% gains on some of these stocks, especially the FM's.
If you're only daytrading C and BAC then I wouldn't mind. But as for holding those 2 banks long term, I wouldn't recommend instead I'd rather buy financial indices like FAS and FAZ. In fact, those grow a lot faster than individual banks stocks

[BanginJimmy]

If you're only daytrading C and BAC then I wouldn't mind. But as for holding those 2 banks long term, I wouldn't recommend instead I'd rather buy financial indices like FAS and FAZ. In fact, those grow a lot faster than individual banks stocks


I dont daytrade. I am holding them longterm and reinvesting dividends. I dont plan on selling those off for MANY years.

[-S Double C-]

how does stocks and stuff work and how do i become more familar with them? I put up around 3k a month from my check. and it would be nice to invest some of it but i really dont know where to start. Any helpful tips or info on how you guys bought your first share and how you went about choosing them. Thanks

[BanginJimmy]

pick up a couple books and start reading. I started with one of the "Dummies" books and moved on to a few others from there.

[BanginJimmy]

Figured I would bump this up and see if anyone has any good tips heading into the summer.

I have started doing research on the "green" market lately. I havent gotten much done on it, so does anyone have any good tips in this area?

[blaknoize]

I already left my bit of information on a book called "The Only Investment Guide You Will Ever Need." Andrew Tobias. But thats all I have to offer for me not being in the investment game, just wanting to get there.

[Dr.G35]

what do u think about gm? low right now and if they dont fail thats garunteed profit thats a big if.

[BanginJimmy]

GM scares me. If they went into bankruptcy they have the opportunity to come back strong, but I dont think the govt will allow them to. I think the govt is going to give them more cash to keep them afloat so they can assure that the union is taken care of. They dont care about GM, but they will keep propping up the union.

That said, I dont see any way GM will see any near term gains.

[dartingd]

well...I'll wait for GM to go under, which I believe they will. Once they file Chapter 11, I might try and put a few hundred bucks into them to turn a quick profit. If it works the way Washington Mutual did, the stock will come back in at a few pennies, then shoot up to 20-30 cents, then level back down till the company gets going again. This MAY not work, but I'll take the chance. I own 4000 shares of wamu, and never moved on it when it shot up back then. I bought it all at .03 a share. Now I'm just kinda sitting on it for the long run.

[BanginJimmy]

I am loving what Citigroup (C) is doing for me right now.

Also, if you can handle the swings Hospitalities Property Trust (HPT) is nice because of their dividend.

[CALIWEST]

ah...the good o' days of day trading...haven't done that in a while..been like a lil over 1 1/2 years.

[BanginJimmy]

If you have the cash, right now is a great time to get in. Most stocks are trading cheap and we are starting to see the signs of rebound in the financial sector. Earning season is on us now though and if that goes well we may see some drastic gains.

[CALIWEST]

i still keep up with stock market. still watching all the charts and paying attention to wats going on. just hard to do it when you work nights and ur tired as balls so u sleep when u get home