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Posted: 01/20/10 08:01 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationBought 100 shares each of T and VZ today. Both are near 52 weeks lows and have around a 6% divvy. I'm betting that's better than sitting in cash.
VZ at 30.689 T at 25.788 |
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Posted: 01/20/10 08:03 PM Flag: Best-Of Helpful NSFW Spam TOS Violationhonestly, how much do you expect to make on this trade, and over what period of time? don't dodge the question.
I never understood people trading when they have no money. Unless it's just for entertainment, sort of like gambling. |
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Posted: 01/20/10 08:06 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationI'd be happy making 6% for the foreseeable future on that money. Might sell some well out of the money covered calls though...
(edit) I never understood people trading when they have no money. Unless it's just for entertainment, sort of like gambling. OK, so what should I do with that money that was previously sitting in a MMA making 1.9% when CPI was recently reported at 2.9%? |
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Posted: 01/20/10 08:08 PM Flag: Best-Of Helpful NSFW Spam TOS Violationso $340. and foreseeable future means about one year?
you could make more in a weekend of contract programming. |
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Posted: 01/20/10 08:09 PM Flag: Best-Of Helpful NSFW Spam TOS Violationone thing does not follow the other...
foreseeable for me, in terms of investing, probably means the next 5-10 years. maybe more. |
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Posted: 01/20/10 08:12 PM Flag: Best-Of Helpful NSFW Spam TOS Violationit does. basically you're too poor to "invest." Investing is for people with real money. if you took the time you spend researching and following the markets, and divided it into your profit, you'll see that you're not even getting minimum wage. in other words, you'd make more money if you took that time and spent it working.
now if you're doing it for the entertainment aspect, again like it's a mini-vegas, then that's a different story. edit: but even then you'd probably have more fun if you learned blackjack and went to vegas every once in a while. |
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Posted: 01/20/10 08:16 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationYou haven't answered my question. What should I do with the money that I already have that's sitting idle? Are you advocating leaving it in a MMA? That's at least an answer.
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Posted: 01/20/10 08:21 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationI don't think SE understands the concepts of "compound interest" and "investment horizons." He's probably stuffing money into his mattress and hoping that some day he'll have enough to "invest" a large amount all at once.
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Posted: 01/20/10 10:33 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationI think because his dad has 300K in a mutual fund, that means he's going to inherit mass wealth one day and is therefore elitist.
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Posted: 01/20/10 10:42 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationIt was $250K, and he already got it:
http://www.biglawboard.com/blb/viewThread.jsp?threadId=93523#93532 |
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Posted: 01/21/10 05:44 AM Flag: Best-Of Helpful NSFW Spam TOS Violationoh yeah, all the finance textbooks are filled with theories of why joe every day should be picking stocks.
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Posted: 01/21/10 05:37 AM Flag: Best-Of Helpful NSFW Spam TOS ViolationYou should upgrade your standard of living. Describe your current residence (do you even own your residence?), car, clothing, the quality of your dining and dating life and I'll provide more specific instruction.
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Posted: 01/20/10 10:41 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationGood god you're a fucking moron.
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Posted: 03/01/10 10:38 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationBought 200 ASF @ 17.09 a couple weeks ago.
I think energy stocks are fairly cheap on a 5 year basis, especially given the situation in Iran. Contemplating adding 100 shares each of XOM, COP and BP. |
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Posted: 03/01/10 10:47 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationWhy? You're purely speculating. Unless you think you have some insider knowledge more than the market does, you'd do far better just investing in a few ETF's, both national and international. 95%+ of professional money managers can't beat the market, you shouldn't bother trying either.
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Posted: 03/01/10 10:57 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationFair enough, and I do have the bulk of my investments in index funds. But, retirement target date funds got clobbered recently while I was sitting on the sidelines. I don't totally agree with the idea that you can't time the market.
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Posted: 03/02/10 12:15 AM Flag: Best-Of Helpful NSFW Spam TOS ViolationThis is right. It's possible to "time the market" through smart asset allocation if you can avoid getting caught up in the conventional wisdom.
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Posted: 03/02/10 11:58 AM Flag: Best-Of Helpful NSFW Spam TOS ViolationLet me know how timing the market works for you over the next 30 years.
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Posted: 03/02/10 12:34 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationYou didn't seem to have a problem with it before.
http://www.biglawboard.com/blb/viewThread.jsp?threadId=81772#101616 |
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Posted: 03/02/10 06:12 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationPwn3d!
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Posted: 03/02/10 06:59 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationGood pwn. Not sure what I was thinking, other than my speculation probably agreed with yours. It's all just speculation.
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Posted: 03/29/10 09:58 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationIt's not just speculation. Stock market returns can be predicted over the medium term. Not precisely, of course, but well enough to get a sense of when you shouldn't be putting all of your money into stocks. This short piece sums it up pretty well:
http://www.ritholtz.com/blog/2010/03/us-stock-market-returns-%E2%80%93-what-is-in-store/ |
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Posted: 03/30/10 11:40 AM Flag: Best-Of Helpful NSFW Spam TOS ViolationI may eat my words about timing the market.
"But ?buy-and-hold? investors in the S&P 500 Index are still 25.5% down from the levels of 10 years ago, the Dow Jones Industrial Index a similar 23.5% lower and the Nasdaq Composite Index a massive 52.5% under water."
He's taking the peak of the bubble and comparing it to the trough of the recession. Questionable.
Starbucks current P/E is 32, his research supports my conclusion to sell SBUX.
Overall, grade A article. |
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Posted: 04/01/10 04:57 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationTBF this is the difference between you and I. I am able and willing to admit when I'm wrong, you never will. You suck blindly to the Obama/Keynesian tit.
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Posted: 04/05/10 12:28 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationGratuitous hostility. Plus, I've admitted I was wrong plenty of times (mostly when I talked with posters other than you). You'd probably find people conceded points to you more often if you backed up your arguments with evidence.
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Posted: 03/03/10 10:27 AM Flag: Best-Of Helpful NSFW Spam TOS Violationfor the most part this is true but there are certainly situations in which the market suffers from irrational overreactions and can be taken advantage of. see: GS in the banking crisis
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Posted: 03/03/10 12:28 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationThe market is a drunk chick? Ohnoes!
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Posted: 03/13/10 08:49 AM Flag: Best-Of Helpful NSFW Spam TOS Violationlol
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Posted: 03/10/10 09:10 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationSold 200 ASF @ 19.67. Plus I was owner of record on ex-divy date. 15.2% return after fees.
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Posted: 03/10/10 09:40 PM Flag: Best-Of Helpful NSFW Spam TOS Violationpost all your gains and losses since you started trading to give a Fox News Fair and Balanced Report.
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Posted: 03/10/10 09:44 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationI've been trading off and on since the late 90s, so this is more work than I want to do just now. I haven't traded much in the past couple years, but now that I've started back again I'm going to keep all my mad money trades here.
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Posted: 03/29/10 12:26 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationAfter serious analysis, I'm saying sell starbucks. It is currently trading around $25.
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Posted: 03/29/10 03:27 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationI would hold it considering how well the company is doing right now. Most people cut back on buying their overpriced starbucks coffee during this recession, so I think the stock will continue to rise over the next year as more people become reemployed. I'd probably sell around Feb 11 unless they developed some other new product such as their instant coffee.
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Posted: 03/29/10 04:16 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationI'd be a lot more interested if they were paying out their cash in dividends. Instead they're buying back stock, a stupid Wall Street gimmick that provides exactly zero value to shareholders.
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Posted: 03/29/10 04:18 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationWe'll see. The company isn't doing well. They closed a lot of stores and sales are negative 5% L12M after growing 20% a year for 15+ years. They are saturated in the US and only real growth opportunities are abroad. You have to make some very generous assumptions to achieve a valuation over $17 bucks.
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Posted: 03/29/10 04:30 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationYou're right, but the stock has always been expensive relative to earnings. It can remain overvalued indefinitely unless the market starts valuing the company differently.
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Posted: 04/01/10 04:56 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationI know you know that just because something has been always been "expensive to earnings" does not mean it will always be so.
Obama hates freedom. |
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Posted: 04/05/10 12:30 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationThat's why I said "unless the market starts valuing the company differently."
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Posted: 04/21/10 11:12 PM Flag: Best-Of Helpful NSFW Spam TOS Violation |
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Posted: 07/08/10 11:16 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationIt shot up after I posted this, only to fall back to around $25. COME ON FAIL YOU SHITTY COMPANY.
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Posted: 04/01/10 09:53 AM Flag: Best-Of Helpful NSFW Spam TOS ViolationAt the market open I invested ~$5,700 I had sitting in a Roth IRA. $2K+ in Brazil ETFs (evenly split between EWZ and BRF, a large-cap and small-cap fund respectively). $2K+ in biotech etfs (even split between XBI and IBB). And I added another $1200 or so to my holding in VWO, an emerging market fund.
All these sectors are hot already, which is too bad. Still, I think they also have the best prospects for long-term growth. |
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Posted: 06/16/10 07:13 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationSeriously thinking about picking up a couple hundred APC if it gets back around 40.
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Posted: 06/16/10 07:43 PM Flag: Best-Of Helpful NSFW Spam TOS Violationbuy bp. they're bound to recover.
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Posted: 06/17/10 03:41 AM Flag: Best-Of Helpful NSFW Spam TOS ViolationAren't you supposed to be stocking SE?
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Posted: 06/17/10 05:28 AM Flag: Best-Of Helpful NSFW Spam TOS Violationi think he's busy try to get dustin to agree to a socking.
dustin's initial acquiescence appears to have been a bluff of sorts. |
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Posted: 06/18/10 04:42 AM Flag: Best-Of Helpful NSFW Spam TOS Violationincomprehensible much? well played.
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Posted: 06/18/10 04:45 AM Flag: Best-Of Helpful NSFW Spam TOS Violationwhat happened to that dood who was going to short gold when it was at 900? i think it was atticus?
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Posted: 07/08/10 11:01 AM Flag: Best-Of Helpful NSFW Spam TOS ViolationLong BP @ 33.30
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Posted: 07/08/10 08:09 PM Flag: Best-Of Helpful NSFW Spam TOS Violationjuicy!
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Posted: 07/08/10 08:23 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationI'm kicking myself for not grabbing APC at 38 and change a few days ago. Objectively it's still cheap I think, but buying it after a 20% run up off its latest lows is hard.
Contemplating adding RIG tomorrow. |
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Posted: 07/12/10 06:46 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationWatched this all day but haven't sold yet. I'm being greedier than normal here.
(edit) after hours are up to 38. |
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Posted: 07/09/10 06:28 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationNice, ex-girlfriend?
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Posted: 07/20/10 10:24 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationContemplating dumping BP at around a 6-7% return given the assets they are selling off. This sucks after being up close to 20%.
RIG seems more compelling after their latest slide.
Anyone else here playing spill equities? |
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Posted: 07/20/10 10:31 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationLove teh new user name.
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Posted: 07/23/10 07:54 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationClosed BP @ 37.77 - up 10.4% before commissions. I think there's still more upside here, but its price is a function of the news cycle right now. Currently the cap is holding, there's a storm on the way this weekend and the relief wells are suspended, and earnings are still a little ways off. I don't see much good happening this weekend, or even into next week so I'm going to sit out a while.
RIG meanwhile continues to plummet for no real reason I can see. Only a small percentage of its rigs are in the Gulf, it's going to benefit from the new partnership the other four oil majors announced, and politically it's just a matter of time before the moratorium is lifted. Looks like a screaming buy at 45, but I was thinking that same thing at 50. No position in RIG yet, but I'll almost certainly establish one when it starts to turn upward. |
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Posted: 08/03/10 06:17 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationLong RIG @ 50.50
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Posted: 08/11/10 07:18 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationThese are smart plays that are underpriced in the long term. Why not branch out into some related sectors, though?
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Posted: 08/11/10 08:01 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationMy general strategy over the past decade has been to buy large caps that have significant declines in share price over a relatively short period of time. The BP spill is a classic example, and I've been watching BP, APC, DO, and RIG like a hawk since the story broke. I read every piece of news I can about it, and I've been following energy stocks for a few years so I have at least a passing knowledge of the industry.
Right now I think RIG and DO have the most short to intermediate term up-side potential. With the well capped, there's nothing I see coming that is going to lead to a big spike for BP. However, for the drill rig owners, news or rumors about the GOM moratorium being lifted will lead to some price spikes. Beyond that, DO and RIG have PEs of 7 and 6 and are at 5 year lows right now. I'm betting somewhat heavily that they will come back.
What other sectors do you recommend? |
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Posted: 08/11/10 05:55 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationLong DO @ 51.70
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Posted: 08/24/10 09:00 PM Flag: Best-Of Helpful NSFW Spam TOS ViolationClosed RIG @ 50.95 last week on the dip. I'm spooked right now. Keeping trading port in cash except T, VZ, DO, and FSTR.
Contemplating some Oct OTM calls on XOM if it dips again this week. |