sonarrat said:Right now:
300 JOB @ $1.6499
5 KLAC @ $57.60
Just to put my toes in the water and see how the market is really.
koam said:Wow, I don't know how much commission you pay, but with the fees i pay, i'd need JOB to go up to $1.84 and KLAC to go up to $69.60 before i start making profit.
My last trade was yesterday. I sold off 300 shares of OLED at $11.65... I bought them at $5.55
alr1ghtstart said:if anyone wants to "play" with the stock market, please do some paper trades first before investing real money.
Cyan said:"Hot" is code for "too expensive." I wouldn't recommend buying any of these stocks. And I agree that you should do paper trading before dipping your toes in the real thing.
Is there a good site that can track all that stuff for you? I'd like to play around without any actual risks.
I'll wait to see how things go before I get too participant but I'll start by suggesting MRVL
koam said:I dunno man, they almost got delisted from NASDAQ. Their past 6 months haven't been so hot either.
Cyan said:Not too expensive in terms of the dollar amount of the shares, dude. Look at the P/Es. As a general rule, "hot" stocks are too expensive.
slate said:Ah, New Year's again, which means it's time for the investment media to remind us that there are fortunes to be made in the stock marketand time for nearly every financial media organization to produce some version of "10 Hot Stocks for 2007!"
. . . .
If your New Year's resolution was simply "rebalance my portfolio of low-cost index funds," you are displaying more investment wisdom than all of the magazines combined. Whatever you do, do not buy the 10 Stocks To Buy Now, at least not because you read about them in some magazine. If you want to buy the magazine, fine, just don't buy the stocks.
. . . .
[A]rticles touting "10 Stocks To Buy Now" invariably ignore transaction costs, which are one of the major differences between investing in the real world and investing in the you-too-can-be-Warren-Buffett dream world of the investment media. Transaction costs include not only brokerage commissions, but bid/ask spreads, taxes, research, and opportunity costs (what you sold or did not invest in to buy the 10 Stocks to Buy Now). Worrying about transaction costs is often considered wimpy ("Just pick ten-baggers, dude"), but they cripple returns. If some of those 10 Stocks to Buy Now do outperform the market, thereforeand some of them undoubtedly will from luck alonethey need to outperform it by more than the costs you will incur by buying and selling them.
. . . .
n the hierarchy of intelligent-investing priorities, stock-picking is your least important consideration, not your most important. Regardless of how attractive the 10 Stocks to Buy Now sound, therefore, your overriding priority is to make sure you are adequately diversified. Before you even consider buying the 10 Stocks, therefore, you need to determine how adding them to your portfolio will affect its overall diversification and risk/reward profile. Will they make it more risky? Less? Will they increase the expected return? Decrease it? Will they increase the expected return enough to justify any added risk? If you don't know the answers to these questions, you won't be alone. Assessing a portfolio's risk/return profile is complicated enough that most pros buy fancy software to do it. If you're going to let a magazine pick stocks for you, you should get such software, too.
. . . .
Still, it's also no mystery why the magazines run variants of the 10 Hot Stocks articles every year, even though they contain terrible advice: because stock-picking is fun, because such headlines sell magazines, and because investor hope springs eternal.
valparaiso said:nice op, thanks.
can anyone link to one of those online practice thingies?
Flo_Evans said:I think we can actually create a GAF game with a starting budget and see who can make the most money over time!
Flo_Evans said:I found this one that looks good, but to be honest I probably wouldn't know :lol
http://vse.marketwatch.com
I think we can actually create a GAF game with a starting budget and see who can make the most money over time!
Cheesemeister said:If I recall, everyone who participated last time wound up in the red.
Flo_Evans said:hmm yeah from my signing up till now I have already lost 10%! :lol
What about sites that allow for small investments? like say I have $500 to play with. What would a good site be for that level? I looked at some sites but they all wanted like $1000 to start an account. With my limited knowledge of the market I think I am better off paying off loans at this point instead of investing :lol
How is everyone feeling about the market today? I have been paying close attention since the drop friday. Is it going to pull out? more drops?
sonarrat said:The credit market is depressing everything else and it's going to make the market very unpredictable in the near future. It might actually be a good time to look for grossly bubbled stocks and try to short sell them.
it's always best to pay yourself first.Flo_Evans said:pay down high interest loans,
Options are where the money is (made 45% on my OIH puts today).. before one gets started though they should read the difference between a call and a put and the difference between shorting the two. Basically you don't want to short a position you don't have covered. Which would be called a 'naked' call or put.duderon said:We need some option lovin in this thread. I'm just starting out with the help of my father and it's apparent that a lot of money can be made shorting options and stocks, although stocks are much more volatile in this situation.
Cyan said:Are you asking for our advice? I'd suggest paying off some of your loan amount. With a high-interest loan, your rate of return will almost certainly beat the market.
mrWalrus said:it's always best to pay yourself first.
Options are where the money is (made 45% on my OIH puts today).. before one gets started though they should read the difference between a call and a put and the difference between shorting the two. Basically you don't want to short a position you don't have covered. Which would be called a 'naked' call or put.
www.investopedia.com is an outstanding knowledge base.
duderon said:We need some option lovin in this thread. I'm just starting out with the help of my father and it's apparent that a lot of money can be made shorting options and stocks, although stocks are much more volatile in this situation.
Flo_Evans said:OK, short selling is basically playing the volatility right? Like if the stock is going up and down wildly you put in an order to buy if it dips below a certain point and to sell if it goes above a certain point?
I am trying more to find a good entry point into the market as I don't own any stocks. I got an extra $500 today and I am wondering what to do with it... I could buy some stocks, pay down high interest loans, put it in my savings account for a rainy day, or buy a hooker and some blow!
Flo_Evans said:Ok I guess I will pay down some debt. Not as fun as calling my broker and yelling SELL SELL SELL in the phone but I need to get it down so I can buy a house and get in some real debt! :lol
koam said:Umm, why on earth would you call a broker? it's so much cheaper over the internet.
Flo_Evans said:I've just always wanted to do that... (u_u) :lol
koam said:I think i might be investing in Take Two in the near future. They took a huge plunge due to GTA4 being delayed. I'd rather not own NTDOY *and* TTWO stock but it's on special!
Plus this
http://biz.yahoo.com/seekingalpha/070803/43478_id.html?.v=1
sonarrat said:They're still up 38% from this time a year ago..
koam said:Think they'll drop more? I guess they should considering no manhunt, no gta 4 and that other sport game bombed.
sonarrat said:I'm not wondering about that as much as how long it will take to recover.
yayaba said:Stocks now are terrible. Be careful anyone who wades in because of this thread.
I think I've lost maybe $2k in profits the past couple of weeks. Pure profit all gone...
My buddy who invested in Ameritrade around $17 was all hollering when it hit $21 or so that he pocketed a quick $1k but turns out now it's below his original purchase price :lol
koam said:I think i might be investing in Take Two in the near future. They took a huge plunge due to GTA4 being delayed. I'd rather not own NTDOY *and* TTWO stock but it's on special!
Plus this
http://biz.yahoo.com/seekingalpha/070803/43478_id.html?.v=1
Dascu said:Hmm, on this note, what happened to the Nintendo stocks after the WiiFit announcement?
koam said:Universal Display (PANL) *NEW for me*
100 shares @ $14.98
Exchange: NSE
Reason I bought them:
I used to own stocks in a competing company (Cambridge Display) and i made a killing off them. Cambridge was recently bought and my stocks more than doubled. The reason? Both of these companies are makers of OLED screens. OLED will eventually replace LCD/PLASMA and i've got high hopes for this tech. Their main partners are Sony and Samsung. Go OLED!
koam said:Dividends
I'll re-write this later, it wasn't very clear the first time
sonarrat said:I've been reading very intensively about options trading. I know it's portrayed as a tricky thing that should only really be handled by professionals, but I like the idea of paying a little bit upfront and having that be the most money you can possibly lose on the transaction. The trouble, as I see it, is that you have to have someone on the other side taking the opposite position, earning a little bit upfront but with a potential for unlimited loss.. and that will be reflected in the price.
Tamanon said:You'd be surprised at how many people offer short positions on options. Almost anything you'd want to buy, people are selling.
It's more about who gets the sucker bet.
Tamanon said:Well, generally, the first level of options trading you can get is to short covered calls. That can be a pain for the initial investor because that let's you sell call options only on stock that you own enough of. They have you fill out a questionaire if you want to trade options, asking for your various levels of experience with different types of investments. Then they approve or deny you on the various levels.