Host Samurai
Member
I really don't know jack shit about stocks and how they work, but I am will to buy $1000 worth of Facebook shares than pulling out in a few weeks.
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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
I wouldn't do that. It's very likely that the only people able to make a profit in the short term on FB will be people who are given shares in the mid-$30s pricing area. When those actually begin trading Friday I wouldn't be at all surprised to see them open north of $50-$55. I'd give it awhile before you put any money into the company. See the 1 year charts from Groupon and Pandora to see what I mean. I think it's a better company that those two by far, but I think it will take some time before it's a good stock.
FlashFlooder
Member
IMO, Facebook is not worth anywhere near where they're valued. Investors will find that out the hard way.
I might pick some up on Friday if I can get in cheap, but I will be dumping those shares before the end of the day.
I might pick some up on Friday if I can get in cheap, but I will be dumping those shares before the end of the day.
welcome to the roulette table of the modern stock market. roll those dice!!
Id wait.
Asia is getting crushed right now due to greece and USA econ data. Going to be a bad day tomorrow
Sanky Panky
Banned
If logic tells you to wait and not buy Facebook because it is the most overvalued piece of shit stock in modern times, do the opposite.
It's the stock market.
It's the stock market.
It's been a bad week man. Anybody trade currencies? Kinda curious about the Euro, hopefully I can spot a bottom.
Sanky Panky
Banned
Life and the markets have a funny way to slap you around. Don't try to predict tops and bottoms with currencies, you might get burned. If you go by intrinsic value, the Euro should be closer to 1.20, but who knows what may happen with a Greek exit. If Spain follows, you might see closer to parity with the dollar relatively quickly, but the ECB, China, and the Fed might crush and short positions you have.
The best bet is to follow trends, until indicators turn. 1.26 is holding, so you might see a retrace. I've been waiting for this move for a loooooong time, and it caught me while I'm switching brokers. It would have represented a 50% gain on my account based on my system. I keep telling myself that there will always be trends to trade :/
I don't like playing the valuation guessing game but I do agree with everything I've heard regarding buying in on FB by retail investors.
Wait a few months until the volatility of the stock dies down. Also, their first quarterly report will also give better insight into company profitability and where the company is headed.
FlashFlooder
Member
I actually think today is going to be a good day for the market, as a whole. Greece trouble has to be priced in already, it's not like no one saw it coming.
I'm staying away from Facebook, but I see it having a quick run up followed by a freefall later in the day. I'm playing ZNGA for the inevitable FB pop.
I'm staying away from Facebook, but I see it having a quick run up followed by a freefall later in the day. I'm playing ZNGA for the inevitable FB pop.
That's the game I'm going to play. It's tempting to hit up Facebook, but there's just too much uncertainty to go balls deep. Might pick a few shares just in case though.
PANL is currently sinking to what I consider a great entry...look to buy it at 22-27. I'm expecting this to shoot back up once OLED TVs start rolling out and long term deals are signed with LG and AUO.
Sadly I jumped the gun an bought in at around $30. I suppose if it drops to 22 I will buy more.
Sadly I jumped the gun an bought in at around $30. I suppose if it drops to 22 I will buy more.
Dumb question but is it realistic for a 23 year old to start investing in stocks? I have wanted to start doing it for some years and is planning on doing it early next year. I just don't want a bank advisor to look weird at me lol.
I also plan on controlling some of my investing myself.
I also plan on controlling some of my investing myself.
You could always start small. I don't think it's ever too early to invest.
It's never too early, especially for investing your money. Much better then sitting in a bank account with zero opportunity for growth. Learning for your future is a plus as well.
FlashFlooder
Member
Wow, so I think I was wrong on every single count in my last point. Lost quite a few diners on ZNGA. I hate the cOmpany anyway, so I guess it's fitting.
Humbling experience when one is wrong, isn't it?
My portfolio has been clobbered, hopefully next week brings some good news.
if you dont know anything about investing and are a bit wary, just invest in ETFs. Hell, there is nothing wrong with dumping all of your investment money in broad ETFs
My favorites are VTI and VXUS (insanely cheap expense ratios as well). You wont hit it big, but you wont bust either since you are investing in EVERYTHING. No need to hire some 'advisor' to take all your money as well
Id also recommend opening a Roth IRA. Never to early to start saving for your retirement
IllumiNate
Member
Yeah I lost a good $1,800 on ZNGA, my avg share price is $8.26 so I'm sure it'll eventually get up there. All it really takes is one news rumor of a possible buyout of the company or legalized online gambling for it to pop.
Very glad I cut my losses on that one.
Surprisingly, Ford has hit me very hard recently...
Brother has invested in some stocks at around 12 I believe. Probably going to hold on to that one. I'm not sure why it's been dipping lately since from what I looked up, Ford has actually improved quite a lot with their new cars.
I'm guessing a lot of people just bailed after the Q1 report.
It's probably a great place to go long; $10 has been the stock's long-term support since early 2010, and improving fundamentals don't seem to point to a lasting breakdown (unless the market itself has a major breakdown)
I'm capitulating on JPM seeing the rumours of expanding losses (currently estimated at $6-7 billion, enough to put the bank in the red), and I'll probably use the proceeds from that to add to my long F position and lower my cost-basis (currently at a pretty damn high $13.44)
Ford is killing me as well but they're a solid company for the longterm. The trouble in Europe is one of the factors depressing the share price.
NYR
Member
Friday - everyone sold some of their AAPL to get FB
Monday - everyone sold their FB to get back into AAPL
NYR
Member
I was hoping AAPL was going to slide to 520 this week and I would had bought 100 shares.
Nice call by me.
But I agree, I'm getting into FB about a month in when it hits around 21-24, that seems more reasonable based on the P/E.
My mum actually wanted to buy shares in facebook :lol, thankfully so far, I said no.
Also...as soon as the number of new facebook users starts to fizzle out, surely the stock will start to drop like a stone??
Although I guess they are more resilient than other social networking sites, now that most people have their photos and contacts on there.
Also...as soon as the number of new facebook users starts to fizzle out, surely the stock will start to drop like a stone??
Although I guess they are more resilient than other social networking sites, now that most people have their photos and contacts on there.
FlashFlooder
Member
man, I was in meetings all day today and missed today's action. Looks like it was a nice day. Hopefully the rally continues into tomorrow.
I'm going all-cash soon because I expect the summer to be mostly flat.
I'm going all-cash soon because I expect the summer to be mostly flat.
People always like to say, oh there will be something new. Um no I don't think so. Facebook has become the standard for social networking. The reason why it replaced Myspace as the new "thing" was because at the time social networking at in it's infancy. Anybody could have become the top if they made the right moves. Also once you become a juggernaut in an industry there has to be some great innovation to topple you and that can take years as well. Facebook has already acquired a large amount of user information even if the number of new users slows down, considering how many already use it they are sitting on a goldmine of data.
FB just has to find a way to organize that data so it will be useful to companies and advertisers or find new ways of analyzing it to prove it's usefulness toward social marketing. I'm optimistic on FB longterm, just not at this price, very overvalued if we take away the hope and optimism and look at the numbers.
Not sure if this warranted a new thread, but it highlights one of the many reasons retail investors are at a disadvantage in the market:
Goldman accidentally releases documents showing how they engaged in naked short selling
I've put some snippets here, but go read the post, it's interesting to say the least.
Goldman accidentally releases documents showing how they engaged in naked short selling
I've put some snippets here, but go read the post, it's interesting to say the least.
Rolling Stone said:
Rolling Stone said:
Rolling Stone said:
FlashFlooder
Member
I disagree. The barrier to entry on something like FB is just insanely low. FB will get lazy (one could argue they already have... Case in point being their mobile apps) and sonme competitor will catch them slipping.
The threat to them is constant, and their position (and your $$) could be gone overnight, relatively speaking. Not worth the risk for the limited upside, IMO. It really is the dot com bubble all over again with these stocks.
I suppose I do see more potential downside but I'm not so quick to call it a bubble just that there's dumb money floating around. Even with the apparent worthlessness of a single twitter user themselves, if you comb the aggregate users for data you can come up with interesting consumer information which was never possible on this scale before. It's up to the marketing side of business to know how to use this data. For the first time in history we have the ability to basically read the minds of consumers now so I'm still optimist on the long term of what these social networking tools can add to the value of companies.
IllumiNate
Member
Well Sunday I put a stop loss for my ZNGA at $6.90 and a buy order at $6.50 for the same amount of shares. Woke up Monday both were filled, ZNGA was at $7+ Monday Morning so I sold all my shares netting me $1000 first thing in morning. I saw what Apple was about to go through and jumped all in with them at $545, sold all my AAPL yesterday at $566. Now I'm all in with GooG at $600, will wee how that goes in the coming days/weeks
The_Inquisitor
Member
Got out of the market at 13.1k. Already have an 11% return on my 401k for the year. I may be able to get 20+% if I get in just right.
Mr. B Natural
Member
What are your guys thoughts on buying up bank shares for the long term? About the time or wait it out?
FlashFlooder
Member
IMO, now is not the time to be going long on anything. Wait it out over the summer, buy back in late fall/early winter. The market is due for a serious pullback.
Financial stocks scare the crap out of me. You look at some of the news that comes out (JPM losing $2b for example), just seems very unstable to me. Then again, most banks are considered too big to fail at this point so who knows.
Financial stocks scare the crap out of me. You look at some of the news that comes out (JPM losing $2b for example), just seems very unstable to me. Then again, most banks are considered too big to fail at this point so who knows.
Those words have such a bad connotation associated with them now.
I've been reading up on mREITs and they look good for the next few years at least most investors would agree that as long as interest rates don't go up they will remain profitable and keep paying those double digit dividends.
FlashFlooder
Member
I've been long REM for a while now.
Am I serious? No, I found it funny, but it did made me go "hmmm" funny to hear an outsider's prespective. It would certainly lead to an entertaining thread if nothing else.
Yeah it just seems that it's an echo from a few years back when someone made the suggestion or prediction.
FlashFlooder
Member
In a nutshell: Banks lend money to governments, when you invest in bonds you are buying the interest on those loans. Traditionally, they have been a safer investment for obvious reasons. With half the world on the verge of bankruptcy, that's not necessarily true these days. Just a couple short years ago, Greece had a 5 star international credit rating... food for thought.
I have about 10% of portfolio in bonds, but will probably increase that as I get older.
If the shit hits the fan, I'd rather be holding hard goods like gold and (particularly) real estate.
Fuck it, ive been sitting on a pile of cash waiting to 'time' this market, and it simply just isnt working
I know I should be doing this
http://www.bogleheads.org/wiki/Vide...osophy#Invest_early_and_often_.28Rule_.232.29
But I am just such a cheap, frugal bastard that I want to get in on the lowest possible point
My new philosophy is to invest all my allocated investment dough in a total bond market ETF and then every month invest a certain amount in total US stock etf and total international stock etf.
does that sound like an effective plan? I really dont want it just sitting in a money market account forever since that pays shit for interest. And, personally, Im not too keen on dumping all of my money into stocks or starting up a 80/20 ratio right away, since, well, the market might tank and that would annoy me.
I know I should be doing this
http://www.bogleheads.org/wiki/Vide...osophy#Invest_early_and_often_.28Rule_.232.29
But I am just such a cheap, frugal bastard that I want to get in on the lowest possible point
My new philosophy is to invest all my allocated investment dough in a total bond market ETF and then every month invest a certain amount in total US stock etf and total international stock etf.
does that sound like an effective plan? I really dont want it just sitting in a money market account forever since that pays shit for interest. And, personally, Im not too keen on dumping all of my money into stocks or starting up a 80/20 ratio right away, since, well, the market might tank and that would annoy me.
NYR
Member
haha. Im the exact same way. Got a bunch of cash sitting in my portfolio, waiting to buy 100 shares of AAPL. Can't buy in good Conscience since I messed up not buying last Friday at 530.