-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Anno said:
Facebook has yet to make an IPO, yet Groupon, which I never used in my life nor know what it does nor know anyone who ever used it or talked about it, are going for a $13 billion IPO. lol. Not touching this with a billion foot pole.
It's pretty obvious by now that there's a massive social media bubble. Just look at LNKD for proof. It isn't consistently profitable, yet it's going for an insane $8.3 billion valuation.Ether_Snake said:
Facebook and Zynga might be the only truly good companies in the social media lot, but they're not yet public and whenever they do, they'll trade at such ridiculous multiples that investing in them will still be an incredibly stupid decision until that bubble finally bursts. Either way, it won't be pretty except for those who hold it for extremely short periods of time, trading on variations.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Rubenov said:GRPN will make a good first day play (buy sometime in the am and sell before close). Other than that, not an investment.
Also, yeah NFLX EXPLODED today. It has burned so many shorts is not even funny. That said, now I'm only down 22% on it
No, there is no guarantee that you would make any money doing that. It's impossible to predict how it will behave in one day.
Etrian Oddity
Member
Hey guys, what's the best free simulator/stock game on the web right now??
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
We have this one but it's ending November 11: http://simulator.investopedia.com/Game/JoinGame.aspx?GID=151241&AUTO=Y
schroddycat
Member
Ether_Snake said:
Cool! If there's going to be a new game, I'm interested to join
!
Karak
Member
Today was an amazing amazing day.
IJJP made me over 4,000 and PEIX made me $2790. Started it on all 2,000 in September. I admit I left Options-house and went back to Ameritrade. Its a bit more for the trades but the updates are way faster and that helps with the smaller spreads for the cheaper stocks.
I am so stoked. Its been such a great trading year on less than a dollar stocks.
Can't wait till tomorrow. IJJP is set for a positive announcement and PEIX is climbing like a beast every day.
IJJP made me over 4,000 and PEIX made me $2790. Started it on all 2,000 in September. I admit I left Options-house and went back to Ameritrade. Its a bit more for the trades but the updates are way faster and that helps with the smaller spreads for the cheaper stocks.
I am so stoked. Its been such a great trading year on less than a dollar stocks.
Can't wait till tomorrow. IJJP is set for a positive announcement and PEIX is climbing like a beast every day.
Glad I got in at 77 but sad I only took a tiny positionRubenov said:GRPN will make a good first day play (buy sometime in the am and sell before close). Other than that, not an investment.
Also, yeah NFLX EXPLODED today. It has burned so many shorts is not even funny. That said, now I'm only down 22% on it
PartlyCloudlike
Member
I had purchased 200 shares of PANL for 48.49 about 5 days ago in anticipation of next weeks earnings report with a stop at 40.00, so I was itching to cancel the stop order as PANL went down to as low as 40.93 today. Luckily, it didn't fall below 40 and honestly, if I had funds left in my account I would've bought some since I figured the price would eventually stabilize. Could've made 7% as it went back up to 44.41 (-0.4%).
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
dudeworld said:
I edited the game now, it will end December 23:
Those who want to join can join here: http://simulator.investopedia.com/Game/JoinGame.aspx?GID=151241&AUTO=Y
We'll start a new game next year
edit: oh please be true, someone buy STP so I can reduce my loses
http://www.reuters.com/article/2011...eedType=RSS&feedName=GCA-GreenBusiness&rpc=43
PartlyCloudlike
Member
Yeah I'm up 8% with PANL. I wish I hadn't rushed into the stock at almost 49 but it was due to a stupid mistake on my part. I thought their earnings were going to be reported last week, so I bought it thinking I would only have to wait 3 days until they reported. But I was off by 1 whole week. So dumb. Oh well, I'm hoping they reach at least 60 by the time earnings are reported.
PartlyCloudlike
Member
Ahh yeah there was definitely an uptrend to the stock after it hit 28. Hey, you're still up by a lot. Are you going long with PANL?
PartlyCloudlike
Member
And I have GAF to thank for bringing PANL to my attention! I only started actively trading 3 months ago, and only now do I feel comfortable enough to branch out into different companies (I had primarily been trading Apple and AMZN).
I have a feeling Monday morning it may dip below 50 again for about 30 minutes or an hour in which case I'll buy a few more shares, and then it will rebound. If the earnings announcement are positive on Tuesday watch it sky rocket past last year's high and maybe even higher.
GRPN... LOL. Still up over 30% in a single day. Whoever got in on the initial offer must have made a bank; I hope they sold.
I don't like how AAPL has been behaving lately. It has been trading around the 400 range for over two weeks now, while the market has generally traded higher. I don't feel too good about its future stock growth opportunities. I feel a lot of investors have given up.
I don't like how AAPL has been behaving lately. It has been trading around the 400 range for over two weeks now, while the market has generally traded higher. I don't feel too good about its future stock growth opportunities. I feel a lot of investors have given up.
MWS Natural
Member
Thanks for the 401k tips guys, so many options to choose from.
Rubenov said:
I think about it this way. Jobs was reportedly intimately involved with the iPad3 and iPhone5 design...all Apple has to do is advertise that these are the last Jobs devices and they'll sell like freaking gangbusters. After that I'd probably cash out. AAPL can top 500 in my opinion.
Wow, after bitching earlier in the week that the closing of my old 401k still hadn't happened we just got an email that the IRS has signed off on it and we will be getting documentation about disbursement and roll-over options next week. I think I will just roll it over into a Vanguard IRA.
Would have been nice to have it finalized 5 months ago when my account was worth 13% more.
Would have been nice to have it finalized 5 months ago when my account was worth 13% more.
^^kathode... didn't know people that got in the initial offer are locked in for two weeks. Too much of a gamble for sure.
Also, looks like the Greek saga continues, Papandreou won the confidence vote which means the bailout will likely go through. I loaded up on a little bit of TNA for the weekend expecting a surge Monday. If not, then I have my SPXU hedge which I will be able to sell for a profit.
I got to get into options man. Seems like I will be able to profit more than by day trading individual stocks. While I've made quite a bit of money, I'm also making E Trade rich. Lol
Also, looks like the Greek saga continues, Papandreou won the confidence vote which means the bailout will likely go through. I loaded up on a little bit of TNA for the weekend expecting a surge Monday. If not, then I have my SPXU hedge which I will be able to sell for a profit.
I got to get into options man. Seems like I will be able to profit more than by day trading individual stocks. While I've made quite a bit of money, I'm also making E Trade rich. Lol
CrankyJay said:
Much agree, demand for the iPhone is insane in Asia as I saw firsthand how many Chinese people both carry it and are selling it.
I swear in the electronic districts there are 100 shops selling cell phones, at least 1/3 sell the iphone and some of them exclusively as claimed authorized resellers.
MWS Natural said:
Well, for 401ks and roth iras, if you are overwhelmed with all of the options available to you, I think the best bet, 99% of the time, is to put it in the most broadly based index fund you can find. Those usually are the cheapest as well. It is just stupid how much money you save investing in a fund that has a .06 expense ratio compared to a 1.5% expense ratio in the long run.
Plus, broadly based indexs - like those that follow the whole stock market or at least the SP 500, usually do better than the actively managed accounts anyways.
If you switched to a Roth, I would totally do ETFs over mutual funds as well since those have lower expense ratios
Well, I have kind of an interesting situation here. My step father does very well in the stock market and my mom wanted to make sure that I had him as a resource to start investing. So, she set me up with $5k in a TD Ameritrade account and told me to have at it. If I lose it, no big deal, but she wants it back if/when I double it. I'm completely green to investing and this site is always a big help with everything, so I'm glad I found this thread!
Sanky Panky
Banned
daw840 said:
Read up on investing first, as you can follow two general styles. Fundamentalists think about industry trends, company earnings, economic indicators, etc. Then you have those who focus on technical analysis (purely price action patterns and price indicators). See which one you identify with the most, and learn about it.
However, the best advice is to talk to your step father, pick his brains, and tell him to show you the ropes. Learning by yourself is VERY costly some times.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Yeah every time I heard someone tell me they knew someone who was doing great in the stock market, it was always false. One guy I know: EVERY ticker he recommended turned out to be bad investments. ALL of them. I found out he was basing his choices based on his father's, who was getting recommendations from some "investment adviser".
Does anyone have any recommendations on books for beginners? I haven't invested before, but I'm looking to start now. I was an economics major so I have a solid idea on how markets work and don't need my hand to be held with basic concepts, I'm looking more for books with actual investment strategy education.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Bought some more CAE today. Had been a while since I added to it.
CrankyJay said:
Briefly saw that it was related to them not providing OLED panels to some kind of new tv... or something. I think the selling was overdone and it will come back up. Given that they are still reporting losses, however, it might be wise to look elsewhere for investments.
bwtw said:
Well, my mother and him have more money than anyone I know. They have made a lot of it via the market, but realistically moreso from their jobs. They were both air traffic controllers making 130k/year approximately. Now they are both retired and my step father does consulting work for the FAA and trades stock during the day. I've been around when he is working on the computer, they took all 6 of us to Hawaii for a week all expenses paid and paid for it while we were there. He made $14k in a single trade for AAPL. Just the other day he made $20k on a single trade on the same stock. He seems to only trade in 3-4 stocks at a time. Made a lot in Ford for a while I remember. Past that I don't really know. I would say they are worth well into the 7 figure range. No debt except for 1 mortgage, the only reason they keep that around is because he can make more with that money in the market than the interest rate.
IDK, I really doubt my mother is inflating how well he does. I do know that he has a LOT to work with when he does trade which makes it look like he is making a ton of money, when percentage wise it's probably not huge. He's definitely up overall though.
Well, he's probably making a lot on single trades because he is betting A LOT at once. If you put say, 200k on AAPL at the days lows, chances are you can make 7k - 10k easily the same day once it gets higher intraday. Once you have been watching the stock market for a while, you can get pretty accurate at identifying the day's highs and lows.
I do this at a much lesser scale, for a profit of about 100 bucks a day :/
I do this at a much lesser scale, for a profit of about 100 bucks a day :/