RSTEIN said:*loosens collar*
*throws down bubble shield*
lol. I was very close to selling my SPY puts yesterday but held off. Doh! Still holding... C calls continue to do awesome at least. Up to around 80% profit right now.
RSTEIN said:*loosens collar*
*throws down bubble shield*
srsly, i plan on jumpin on the nintendo wagon later this year when their share prices fall due to slow DS sales and before the 3D hype picks up.Pimpwerx said:Nintendo up 5%. Whoa!. Where's this stock going? I need to set some stops. PEACE.
My guess is the best time then would be May, just after they announce there earnings, but before E3. We can also take the info we know, line it up with there predictions, and make a guess if the final tally will be under or over.Poody said:srsly, i plan on jumpin on the nintendo wagon later this year when their share prices fall due to slow DS sales and before the 3D hype picks up.
RSTEIN said:That was a beautiful ending. Like emerging from the cave for the first time in Oblivion, or the Megaton mushroom cloud.
kathode said:I was going to say, nice job on that bubble shield.
Good idea. I AM very interested.Drkirby said:My guess is the best time then would be May, just after they announce there earnings, but before E3. We can also take the info we know, line it up with there predictions, and make a guess if the final tally will be under or over.
wait why do you need to set stops? I thought you were going to hang on to NTDOY till Myamoto leaves/retires?Nintendo up 5%. Whoa!. Where's this stock going? I need to set some stops. PEACE.
I'm still not that well-versed on stocks. I expect the value to go up, but won't it split eventually? Won't it hit a ceiling and I'll miss out on a few percentage points? I've just not been paying much attention to it the last year or so, so it seems easier to just leave it alone and let it appreciate. But I don't really want to miss out on too much profit. PEACE.Poody said:Good idea. I AM very interested.
wait why do you need to set stops? I thought you were going to hang on to NTDOY till Myamoto leaves/retires?
Here's where I'm at. Bare in mind this is my first week getting into the stock market so I'm still learning.
C, F, and Hban are my long term investments and I may dump QCOM end of the year if they don't jump on the 4g chipsets. I going with the prediction that andriod HTC phones that utilize snapdragon will increase in market share this year.
So I guess based on this old chart stocks are still pretty cheap, right? Looking back, stocks have been cheap since November '08.RSTEIN said:Interesting look at past panics/recessions. The main takeways are 1) the current rally is exhausted and 2) two years after each rally the market didn't really move a whole lot so risk/reward isn't that great at this juncture.
tarius1210 said:So RSTEIN, what do u think?
Some comments:Poody said:
C, F, and Hban are my long term investments and I may dump QCOM end of the year if they don't jump on the 4g chipsets. I going with the prediction that andriod HTC phones that utilize snapdragon will increase in market share this year.
Interesting, i appreciate your input. Reason I'm going to stick with F is because they'll begin to share european platforms with the us market. I can see the euro focus, and fiesta taking off in the states. Besides the Volt (there's still lots of questions unanswered about this vehicle), I don't see much from GM's IPO that will come out in the next 1-2 years--their EN-V looks interesting though but we'll see when NY auto show is just around the corner. I'm going to look into AIG and GNW as I do more research in the financial sector.ChefRamsay said:Some comments:
- Good play on C. A bit late, but don't worry. MONITOR IT OFTEN. Don't be surprised if takes a while to pick up, as gov't sell-offs will knock the stock down a bit as they sell in blocks. Could be 12+ month timeframe before you see BAC-level recovery.
- Don't like F, sorry. I think you made your play way, way too late. When new GM offers their IPO sometime later this year, I would dump F and jump on GM.
- Not familiar with HBAN enough to comment, sorry.
- I would go with RIMM over QCOM 9 times out of 10. Especially when RIMM's trading at a sub-20 P/E.
Disclaimer: I currently own long positions on both C and RIMM. I do not own any vehicle manufacturer positions.
Thanks RSTEIN.RSTEIN said:I see a lot of very high quality stocks trading at attractive valuations. Looking at sectors, I really like technology and financials. For example, GS, while no longer at $155, still looks attractive - trades <10x 2011 earnings. Business Intelligence guys like Oracle, IBM, MicroStrategy are attractive too. I still like Hong Kong and Brazil (trade through EWZ). Retailers have had a huge run and incorporate pretty lofty expectations, nothing exciting there.
We're in a sideways-to-bullish market. Around the world this is true, with the exception of Italy, Spain, and Greece. There's absolutely no reason to take profits in long-term holdings at this point - even after the sharp run up. There are people who say the market is overvalued (e.g. David Rosenberg). I don't see it.
That being said, I have bought puts on the S&P 500 and XLI. I may add to them. My model tells me the market is quite overheated. This is very different than overvalued. Implied volatility on the SPY and its major sectors is very low - below 20%. There are some very cheap options out there! But I also thought the market was overheated back in August, too!
I still have all my longs, haven't sold anything. We're going to get routine corrections between 5-10% which is very normal. I would use these opportunities to add to positions (hopefully we get one over the next few weeks).
Relix said:I have been shorting RIM for a while now, bought at $82.00 and now dropping like a fly. I guess my prediction that RIM would slowly get "outdated" has become real and it sits at around $62 now. Making a hefty amount of money from it, may just pull out some of the stocks and get some money.
I have been a slow investor lately, been too busy, but this thread needs more activity. Come on guys! =P
Dropping like a fly? lol... They took one day of punishment because they missed analyst expectations. Overall, RIM has been on a huge uptrend and is incredibly undervalued at $68 (where did you get $62?). That's a near unanimous sentiment with analysts' target valuations.Relix said:I have been shorting RIM for a while now, bought at $82.00 and now dropping like a fly. I guess my prediction that RIM would slowly get "outdated" has become real and it sits at around $62 now. Making a hefty amount of money from it, may just pull out some of the stocks and get some money.
ChefRamsay said:Dropping like a fly? lol... They took one day of punishment because they missed analyst expectations. Overall, RIM has been on a huge uptrend and is incredibly undervalued at $68 (where did you get $62?). That's a near unanimous sentiment with analysts' target valuations.
And if you bought RIM at $82, that means you've owned it since at least July-Sep 2009. Since then the stock fell to $58 in Nov 2009. Why didn't you sell then?
There are so many things wrong with your post. Something doesn't seem right at all.
Relix said:You sir are correct. Actually, I've owned the stocks since April 2009, exactly one year ago. Or around that point. I remember being bold and shorting the company at that point, because I really found nothing in the horizon that would truly appeal, especially with the disaster of Storm.
I didn't sell at that point because something happened to me that happens to most investors: Greed and wanting it to drop some more. Of course it didn't. I think around Feb it also fell quite a bit. And yes, I did sell at 65. Typos suck my bad =P. Why sell now? I needed some money for an upcoming vacation this week =).
Javaman said:Don't you have to hold something for a year to be able to claim capital gains? Hopefully you made it past that point.
Mengy said:I'm curious about C, does anyone here think it is a good long term investment? It's in the low 4's now and really dived since the bailout, but honestly, will C ever begin a climb back to anywhere near where it once was? If so then it would seem to be a fantastic long term investment right now.
kathode said:Finally we have some significant negative action. My puts are still underwater. I'm going to hold on another day and see what happens.
Opiate said:Depends on the sector, obviously. Puts on financials wouldn't be a bad idea given the apparent strength of T-Bond demand. However, some of these firms (AIG, for example) are more than counteracting any weakness by sustained improvements in profits. It's not a simple take.
Opiate said:Depends on the sector, obviously. Puts on financials wouldn't be a bad idea given the apparent strength of T-Bond demand. However, some of these firms (AIG, for example) are more than counteracting any weakness by sustained improvements in profits. It's not a simple take.
:lolRSTEIN said:yeah, kathode, omg ur so dumb for buying puts
kathode said:Apparently Citigroup is considering a reverse split (i've heard 1:10 and 1:7 thrown around) at their shareholder's meeting next week.
Anyone have any idea what happens to my option strikes or value if that happens?
Edit: I was actually a little worried about this so I just looked it up. Turns out everything just magically gets reconciled.
tarius1210 said:So I finally reached my savings goal. Now I can start investing again. I'm actually a month away from putting money into markets since I'm a few quarters behind and need to catch up on what's going on in the financial world. So I figure middle of May, beginning of June I should be ready (I did say summer, right? ).
My emotions got the best of me over the past two years. I jumped into stocks and bailed because i was too scared to lose money. A few examples some of you guys will remember were Sandisk, Sun Microsystems, and CIT Group. I could've made a lot of money with those companies but bailed too early. I still have a couple shares of Sandisk which I bought at around $9 when Zecco offered free trades back in Oct. '08. The only reason why i still have those shares is because I forgot I had an account with Zecco. :lol
Anyways, emotions will not be involved this time around. I learned my lesson and will try to make good decisions this time around. I can't wait to start contributing to my favorite GAF thread again.
Oh yeah, I decided to check in on my stock simulator on Investopedia. I know most people who actually held their stocks last year did well but I did ok too. I'm ranked 1870.
Too bad it isn't real money
Well as you know their entire business model is dependent on the amount of subscriptions they have. If you feel that the economy is getting better (which I do) then I think you should buy shares. If not, then you should wait awhile. The only problem I see with SIRI is that they have too many shares outstanding. I've been holding shares of SIRI since 2004. I'm down 80% on this bad boy.Cloudy said:What do you guys think of SIRI? It looks like it has nowhere to go but up. Well, unless they get de-listed or something :lol