IcEr3K
Premium
join:2001-01-19
Los Angeles, CA
clubs:  | reply to aliasrlz
Re: Can we discuss stock picks and trading in here?
Everything looks so cheap now... compared to last week. |
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aliasrlz
Premium
join:2000-09-01
the world
| said by IcEr3K  :Everything looks so cheap now... compared to last week. Or even yesterday  |
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aliasrlz
Premium
join:2000-09-01
the world
1 edit | reply to deft0nez
said by deft0nez :if verizon takes over the iphone do you think the stock would take off or it wouldn't have that much of an effect as it did with att's stock? Aliasrlz do you think rimm is going to drop lets say to the $55 range? Thx u It hit $55.75, I think......you had a chance to "nibble" 
EDIT: Still do as it is hitting (off and on) in the $54 range |
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aliasrlz
Premium
join:2000-09-01
the world
| reply to aliasrlz
Morning all!
Missed you guys the other day 
I'm still sitting pat (holding everything), even my earnings play stocks (SIRI and NVDA). I still believe that 4 Trillion sitting on the sidelines (being held by Money/Fund Managers & Hedgies) has to come into the market sometime this month and/or next month for these funds to show a profit for the 4Q. It can't stay in cash on the sidelines as most (if not all) funds of certain types have a requirement percentage of how much must be in securities.
Hope everyone is doing well....  |
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aliasrlz
Premium
join:2000-09-01
the world
| reply to aliasrlz
Cisco (CSCO) reported, and beat on EPS & revenue, stock UP AH (afterhours), actually MORE than I ever expected since CSCO rarely moves up more than 50-75 cents, lol...... nice for CSCO shareholders . I hope they can maintain the gains ... Intel (INTC) gave all of it back days later ..... |
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drew
Reformation
Premium
join:2002-07-10
Port Orchard, WA
clubs:
 ·wavebroadband
| reply to aliasrlz
I picked up 75 measly shares of DCTH after someone had posted an article here. Did a bit of research and thought it would interesting to sit on it long, esp. if it blew up as it has potential (albeit small) to do so. That was on 5/12. Interesting to be up $75 ~29% on that.
Back when I first opened a margin account and was looking into doing some day trading, I bought into EJ @ 28 and change. I've taken a complete bath on those and keep wondering when to bail, esp as it's a long now...
My biggest loss has been ANCFX which was the original method by which I acquired the cash as it was invested for me by my grandfather and a guy from Edward Jones when I was little. I've been slowly selling it off when I find I can stomach the losses. Still sitting on ~3k of it. *sigh*
I picked up CWGIX for my IRA when I rolled over my 401(k) and the market was still looking ok (11/2007). 24% loss there (long, of course.)
I haven't the slightest idea what to do at this point. I have about 1.1k sitting in a MMF (STGXX) that's done me no good except to prevent me from doing something stupid with it.
Any ideas? Keep in mind my skill and knowledge level here is novice.
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Koil
Premium
join:2002-09-10
West Columbia, SC
clubs:
·RoadRunner Cable
1 edit | said by drew :Any ideas? Keep in mind my skill and knowledge level here is novice. I think that may be being a bit generous. |
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drew
Reformation
Premium
join:2002-07-10
Port Orchard, WA
clubs: | Extremely novice work better? |
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Koil
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join:2002-09-10
West Columbia, SC
clubs:
·RoadRunner Cable
| said by drew :Extremely novice work better? It does. |
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aliasrlz
Premium
join:2000-09-01
the world
1 edit | said by Koil :said by drew :Extremely novice work better? It does. You guys are funny........LOL I won't advise anything but doing your own research, DD (due diligence) and following (weekly, at *minimum*) on any stock your purchase to make sure nothing has changed fundamentally.......
I discuss MY OWN actions, but I don't advise anyone to follow or shadow me. If they do so, it is at their OWN risk. Now, to be honest, if someone had "shadowed" all my actions from the 1st post of this thread, they would have a nice boatload of money.......
I am about to experience my 1st failing (losing) trade this year (NVDA), but not too sad about it.....It was the 1st time I bought this stock, and I did do my research and DD, just some trades still don't end well regardless.
Its a tough market ...was smooth sailing from the end of March til October....then the wheels came OFF a bit in the last 2 weeks of October 
If you are in the stocks for the "right" reasons, and have done your homework, then you did all you can do. Again, I won't "stock pick" for anyone, but I will be open and tell what I am doing (win or lose).
Goodluck
EDIT: Typo(s) |
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drew
Reformation
Premium
join:2002-07-10
Port Orchard, WA
clubs: | Mind sharing what kind of research you do? |
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aliasrlz
Premium
join:2000-09-01
the world
4 edits | said by drew :Mind sharing what kind of research you do? I mainly only buy stocks I know and have followed for longs period of time , but I will occasionally take a risk on a spec play (FNM, CTIC, or even SIRI).
I use Yahoo Finance for research and DD to review their past performance over the previous quarter, previous years, and future expectations. I also like to know who are the major holders of the stock (if it is heavily owned by institutions, then it is less likely to tank severly).
I nibble when I buy, and don't buy all at once .....that way if the stock is in a bit of a downward trend, I have some cash to accumulate the rest of the lot I want.
I have learned (though an extremely tough lesson for me) to pick an "exit" price. This has saved my ass a couple of times. It keeps you from riding a bad trade all the way down, and even if you miss some UP points, you still get out with a profit.
Yahoo Finance is FREE and an invaluable resource.....You can find out just about anything on any stock from the left pane selections once you enter that stock ticker symbol for your research start. There are a few other sites I use, but just as backup....
Hope I helped you a little bit
EDIT: Typo(s) |
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aliasrlz
Premium
join:2000-09-01
the world
| reply to drew
Here is an example of the summary page for a stock through Yahoo Finance:
»finance.yahoo.com/q?s=csco&.yfic···JR9WJcvB
The left pane has tons of links for research, info, future analysis, major stock holders, etc etc... |
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drew
Reformation
Premium
join:2002-07-10
Port Orchard, WA
clubs:
·wavebroadband
| Been reading through the thread, seeing what you've indicated you're going to do, seeing thoughts and what have you.
I'm going through the Earnings Dates you linked earlier looking for known tech companies then seeing what their debt load is.
Writing down a list and I might end up playing a grand (the cash sitting in my MMF) on the earnings run.
NOVL (Novell) is on Dec. 4. Maybe something to look into.
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aliasrlz
Premium
join:2000-09-01
the world
| Hi Drew,
Yes, I use the US Yahoo Earnings Calendar.......but I still won't play stocks I don't know too well or feel comfortable with.
The "tech" sector is my baby, so you won't see me buying Macy's (even though they report soon and are expected to beat expectations), LOL
I have been keeping my eye on HPQ (Hewlitt Packard) and mentioned that earlier in this thread as earnings are coming up a little later this month, and the PC & chip (tech) stocks have all beat on earnings.....
I will play RIMM again (in December), and of course, I'll play AAPL in January (again), you know that
SIRI, even though a "penny" stock has made me GREAT money this year ....I've been in and out of that trade since April...buy, hold a bit, then sell when there's a short squeeze, then I do it all over again...... I may hold SIRI through earnings this time. I have 20,000 shares of it, and I'm currently GREEN .....but only because I nibbled on dips |
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Mentat
The zeitgeist sucks
Premium
join:2001-02-25
Sugar Land, TX
| reply to drew
said by drew :Mind sharing what kind of research you do? Learn what moving averages are and the price action associated with them. Learn about P/E ratios and the price action associated with them. Be wary of all information.
The fundamentals will apply again eventually, and if you are going to be buying for the long term, your entry points are very important.
Blue chip value stocks that pay a nice dividend are a relatively safe bet, although finding many right now with sound fundamentals is a tough task.
Never stop reading! You will never have enough information, and half of what you do get is fraudulent and the other half is outdated by the time you read it.
Playing the market is truly the greatest game, but you can lose everything you own and then some in the blink of an eye. You said that you opened a margin account and ate a loss right away; perfect sucker maneuver right there by your broker. Stay the fuck away from margin unless you fully understand the risks involved with leverage and are willing to 'bet the farm' on something you consider a sure-fire deal.
These are all basic points, but even experienced traders get caught up in the fanfare and hype that is disseminated daily via the corporate mouthpiece media. You're young and have lots of years to make money; play it conservatively and try to earn a 2 or 3% annual return or even just break even your first year trading. The brokerage houses are going to knock your head off with commissions unless you have a nice balance in your account, and they add up fast. Make a trade, watch it, and go with your first instinct. I can't tell you how many times I've lost money due to not trusting my first instinct. If something seems like its going to the moon, sell it. You may miss another 10-20% gain, but the shorts start moving in when things are looking good and unless you're backed by the government or are Goldman Sachs/JPM, daring the shorts to back off can be hazardous to your portfolio.
Good luck.
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Listen kid, I'd love to go round and round with you, but you can't keep up with my dance. |
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aliasrlz
Premium
join:2000-09-01
the world
| Mentat,
I mostly agree with what you have said EXCEPT:
"The fundamentals will apply again eventually, and if you are going to be buying for the long term, your entry points are very important."
I think you have that comment incorrect. If you are going to be LONG (hold for more than a year or more), who cares about the price today?
That's just like telling someone don't buy AAPL today, when they plan on holding for 5 years (long). The stock will surely be much higher, and probably have split by that time......
JMHO |
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drew
Reformation
Premium
join:2002-07-10
Port Orchard, WA
clubs:
·wavebroadband
| reply to Mentat
Thanks for the tips.
I actually have free trades with my brokerage, but have no access real-time information (Level II and above) except for manual page refreshes on a "real time quote"
I'm thinking about opening up an e-trade with the 1k provided I'm not going to take a bath on fees by doing so.
I used the "opening a margin account" and taking a bath in the same sentence when they were entirely isolated incidents as I didn't trade those shares of EJ using margin. I think I made a couple hundred bucks all told with the margin account but I could've been screwed.
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Come play Mafia! | My Picture Blog |
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Koil
Premium
join:2002-09-10
West Columbia, SC
clubs:
·RoadRunner Cable
| reply to aliasrlz
First, I understand acknowledge the zero liability clauses in effect in here. Nothing you say will be held against you.
said by aliasrlz :said by drew :Mind sharing what kind of research you do? I mainly only buy stocks I know and have followed for longs period of time , but I will occasionally take a risk on a spec play (FNM, or even SIRI). I use Yahoo Finance for research and DD to review their past performance over the previous quarter, previous years, and future expectations. I also like to know who are the major holders of the stock (if it is heavily owned by institutions, then it is less likely to tank severly). What are you looking for here? Past performance always climbing is good, right? Expectations: From the company itself, or what other analysts think? What makes you go "Ooh..that looks good!" or "Ew...that is not so good"?
said by aliasrlz :I nibble when I buy, and don't buy all at once .....that way if the stock is in a bit of a downward trend, I have some cash to accumulate the rest of the lot I want. I have learned (though an extremely tough lesson for me) to pick an "exit" price. This has saved my ass a couple of times. It keeps you from riding a bad trade all the way down, and even if you miss some UP points, you still get out with a profit. How do you set your exit strategy? 10% from the price of purchase? Whats your rule 'o' thumb?
said by aliasrlz :Yahoo Finance is FREE and an invaluable resource.....You can find out just about anything on any stock from the left pane selections once you enter that stock ticker symbol for your research start. There are a few other sites I use, but just as backup.... I'm looking at the Yahoo Finance page for AAPL. On the left, and I know I am asking a lot here, but what links are you sure to check out? If this is better covered in an article you know of somewhere, that'd be awesome.
Not trying to cut corners, but there is sooooo much signal to noise ratio out there on what should be done and how, I think I would like to hear your method (if you don't mind sharing it) and trying to emulate that so that I have something to begin with and can, as I learn, start doing things my own way, and also understanding more of why you do what you do...
Hope that makes sense.
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DSLR Mafia
My Blog - Raising Connor
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aliasrlz
Premium
join:2000-09-01
the world
| reply to drew
said by drew :Thanks for the tips. I actually have free trades with my brokerage, but have no access real-time information (Level II and above) except for manual page refreshes on a "real time quote" I'm thinking about opening up an e-trade with the 1k provided I'm not going to take a bath on fees by doing so. I used the "opening a margin account" and taking a bath in the same sentence when they were entirely isolated incidents as I didn't trade those shares of EJ using margin. I think I made a couple hundred bucks all told with the margin account but I could've been screwed. Margin can be very dangerous.....but also useful if you are disciplined to get OFF it asap .... Some just use it as a quick way to buy stocks (until the money clears in their trading acct), and others (like myself) do use it to buy additional trading shares .........but the margin is paid off as soon as I exit the trade.
E*Trade will give you margin based on the cash and value of the securities in the account, but you do have to select a "margin account" over a cash account when you open the E*Trade account. I have been classified as "Power Trader" by E*Trade recently, but that is because I make more trades now because I am buying in pieces (nibbling) ..........averaging the price on stock lots I want.
Do be careful .............and try not to (and you will sometimes - just happens) get caught being a bagholder......the last to buy (at the highs), and can't get out without suffering a loss. |
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