My bonds are sucking. Technical Olympic filed for bankruptcy and I have no idea if I'll ever get anything back for my bond.. I'd lose about $21 if I sold it now which is not horrible. But the surprising thing is that my Bank of America variable-rate bond tanked. Usually when interest rates go down, values go up, but on paper I've lost about $200 on a single bond, and the only way to recoup it is to just hold onto it until it matures in 2027.
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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
Ether_Snake
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2027, wow.
BTW I just placed an order for 100 NVDA at 19.55
We'll see if it goes through.
EDIT: Damnit it's going back up, it probably won't pass.
EDIT2: Ha! It passed!
BTW I just placed an order for 100 NVDA at 19.55
We'll see if it goes through.
EDIT: Damnit it's going back up, it probably won't pass.
EDIT2: Ha! It passed!
Ether_Snake
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Ugly week. BA dropped further, now at 78, due to possible delays and competition from China's intitiative to get into the aerospace business.
jamesinclair said:
Dow is an index of various stocks. It changes over time. It's only a very short-term indicator for the market's health. You can't do something like "well if I bought Dow 5 years ago, I only made a few %, therefore investing sucks."
rage1973 said:
LOL. This is what some people call Chartist investing. You're just looking at charts, shapes, curves. It's a terrible way to invest because it has too little basis to it and is too heavily related to emotion. Emotional investing = you lose.
There are two types of investing that you should practice:
1. Index Investing: Diversification via Modern Portfolio Theory. Just buy a bunch of different index funds of varying cap, equity (growth vs value), and domestic/foreign. Rebalance these funds to the original allocation after a certain percentage change. Requires little thought, makes an average of 12% per year.
2. Value investing: You study sectors in the industry, worldwide events, how that influences the stock you're looking at it. Think about the actual future worth of the company.
Warren Buffet, the king of value investing, says that stocks overall are overpriced right now. I think he's right.
God dammit we need a fix for the economy... and hydrogen. My stocks have been taking a hit, but then again I am a Momentum guy, I look at stocks that show a growing trend and with lots of future potential, also looking at the cycles. For example... last Xmas I went on board with RIG, AMZN and GOOG... did an awesome return, especially since I bought the stocks i October at slow moments. Made a lot of money =). Right now, momentum is kinda dead, but I am looking at some. My value growth stocks are holding out my weakened portfolio.
By the way, has anyone heard of this: http://www.trackntrade.com/ , especially Forex (it sounds like the scam though). The President of the company went to my College and gave us a presentation on it. Sounded VERY good, though I have doubts about it. Any experience, reports, or something like that?
By the way, has anyone heard of this: http://www.trackntrade.com/ , especially Forex (it sounds like the scam though). The President of the company went to my College and gave us a presentation on it. Sounded VERY good, though I have doubts about it. Any experience, reports, or something like that?
speculawyer
Member
Man, the market is so depressing. And the dollars value seems to have no bottom.
Ether_Snake
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Yeah this shit shows no sign of stopping. I now have 240 shares of NVDA on my hands, 520 of CGT, 140 of IMMR, and 140 of ATVI (don't ask why the number is 140, there really is no reason:lol). Sold my TTWO shares last week at 25.75.
Overall, I'm down around 12%. ATVI is my only life saver really.
I told myself before, no more investing for now. But I don't know. At this point I still have my eyes on ERTS. Nothing else anymore, everything else is too out of my knowledge for me to bother with.
Overall, I'm down around 12%. ATVI is my only life saver really.
I told myself before, no more investing for now. But I don't know. At this point I still have my eyes on ERTS. Nothing else anymore, everything else is too out of my knowledge for me to bother with.
Ether_Snake
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BTW I'm really wondering about Infogrammes. Atari will release Alone in the Dark, a sure hit (and one of their first hit in a long time), and Infogrammes is about to buy them completely.
I think it could be a good turnaround point, especially with Harrison involved.
I think it could be a good turnaround point, especially with Harrison involved.
MobiusPigeon
Banned
ok so i jumped out of WM because the market is just too damn shaky. mininal loss. still way ahead with my ttwo profits but i'm thinking the dumb wm purchase was to just lead me to my next purchase. you guys may wanna look at Blockbuster.
Ether_Snake
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I knew it wasn't bottom last week
There is no end in sight. Don't get caught buying now because you think we reached bottom. I'm getting a feeling last week's NVDA purchase was one of those mistakes
Oh well. Still making me feel like BA is attractive at this price. ERTS too. But fuck it, I'm not throwing money out anymore.
EDIT: DCO jumped high for some unknown reason.
There is no end in sight. Don't get caught buying now because you think we reached bottom. I'm getting a feeling last week's NVDA purchase was one of those mistakes
Oh well. Still making me feel like BA is attractive at this price. ERTS too. But fuck it, I'm not throwing money out anymore.
EDIT: DCO jumped high for some unknown reason.
MobiusPigeon
Banned
with the economy still headed downward i started thinking of places people are likely to start spending more money. bought some NDN. May be a good idea to start thinking along those lines.
Ether_Snake
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MobiusPigeon said:
http://finance.yahoo.com/q/bc?t=5y&s=BIG&l=on&z=m&q=l&c=ndn&c=^DJI
Could be a good thing. I just can't afford to take risks anymore
My eyes are still on BA, ERTS, ADBE, and ADSK.
MobiusPigeon
Banned
big lots was up huge last week. missed that one. wish i woulda had my thoughts on consumer spending habits last week. :lol
Ether_Snake
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Well, be careful. When things get bad we tend to find opportunities that don't actually exist
MobiusPigeon
Banned
been doing more research on visa. i'm gonna stay away unless someone thinks othewise and has more info. info says that 10 bilion of the 16 billion is going to BANKS and it sounds like visa will be pretty much controlled by BANKS. arent these same banks on their way even further down the shitter within the next few months? Sounds like they are looking for suckers to make some fast cash on. I think the IPO is gonna bomb.
Ether_Snake
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AstroLad said:
When is low, low?
Buy value at bargain.MobiusPigeon
Banned
sonarrat said:
but if the majority stakeholders/controllers are banks and those go south wouldnt that eventually trickle down to visa anyway?
sonarrat said:
The question everybody should be asking themselves before buying Visa stock is this: will a global credit crunch and U.S. recession lead to less credit transactions, or will growth in credit usage in emerging markets make up the difference? I don't know the answer, so I'm taking a wait and see approach.
MobiusPigeon said:
I don't think it makes a lick of difference. I suppose worst case, if the major institutional holders got into big trouble and were forced to liquidate their holdings, then it could put some serious downward pressure on the share prices. But outside of that doomsday scenario I can't imagine it would change anything. If 50 Cent fell on hard times, would it have an impact on the stake in Vitamin Water that got sold to Coca-Cola? Of course not.
Ether_Snake
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China Inflation Surges 8.7% on Blizzards, Food
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayx1ENtw.uK4&refer=home
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayx1ENtw.uK4&refer=home
I'm pretty much just going to maintain for now and keep contributing 16% into my 401k. Theres a lot of bad news out there, but I just can't help but think that we've almost reached the bottom. When it goes back up I don't want to miss the ride. Investing in gold or bonds now could cause you to lose out twice. (the drop we've already experienced and the faster gain in the stock market) The thing is, with the subprime mess, I suspect that most of the people who are upside down on their house are going to walk away then declare bankrupcy to protect them from the bank going for the difference. Once that happens they won't have any debt and likely won't be able to take on any so their income (which they've shown poor control of previously) will be back to "buy buy buy". It sucks for people in their former neighborhoods, but I don't think things can go much lower.
Ether_Snake
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I hope I didn't miss the ADSK bottom
EDIT: Faaaaalling, might be able to catch ADSK.
EDIT: Faaaaalling, might be able to catch ADSK.
MobiusPigeon
Banned
i was looking at tma but didn't buy because it wasn't even on wiki so i figured it was a shit company. killself :lol
Ether_Snake
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Ha!
On my end, I'm hoping ADSK falls in the coming days. It was right on the near bottom (as far as I'm concerned):|
On my end, I'm hoping ADSK falls in the coming days. It was right on the near bottom (as far as I'm concerned):|
MobiusPigeon
Banned
i bought another 1000 shares of blockbuster this morning.
Ether_Snake
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Everyone is wondering if this is the turnaround point.
Ether_Snake
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Well this rise isn't entirely justified. Everyone is up, yet not everyone should be.
ADSK might have hit bottom as I thought, I could have still made a move today I'm just tight on funds I hope I don't miss out on it.
ADBE, ADSK, ERTS, CM.
Those are the ones I was hoping to invest in for strong returns. We'll see:|
ADSK might have hit bottom as I thought, I could have still made a move today I'm just tight on funds
I hope I don't miss out on it.ADBE, ADSK, ERTS, CM.
Those are the ones I was hoping to invest in for strong returns. We'll see:|
Ether_Snake
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Global rally happening because of Feds intervention. How long will it last? Should I go for ADSK or wait? Should I buy anything at all in fact, considering I've spent a lot already? I don't know! I wish I had a high salary.
I wish I had a high salary.I called the bottom a bit early last week but I am already up 4% on 3 days of holding AAPL, RIG and DRYS. I will probably hold for couple more days since the rally seems prolonged and we also have Fed possible rate cut rate next week. I will check some technicals tomorrow after the market opens. If you want to make money please do not panic sell, from my 10 years of investing and trading that is the fastest way to lose money.Ether_Snake said:Global rally happening because of Feds intervention. How long will it last? Should I go for ADSK or wait? Should I buy anything at all in fact, considering I've spent a lot already? I don't know!
RumblingRosco
Member
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MobiusPigeon
Banned
six flags yes or no? oh and oil is at 110 a barrel now. will this kill todays gains tomorrow?
Ether_Snake
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The rally was not really justified. Everyone is thinking short-term right now, and everyone is likely to get burned.
110$ a barrel can't be ingnored, and more price cuts will not be in the market's favors long-term.
110$ a barrel can't be ingnored, and more price cuts will not be in the market's favors long-term.
MobiusPigeon
Banned
i bought 1000 shares of tma last night :lol question! how long before i can sell! i got hit with a warning once for selling a stock too fast and they froze my account for like a month. :lol it was something about not letting my last sell clear before selling the most recent stock.
MobiusPigeon
Banned
yeah i had a stop market order in to sell automatically if it dipped below $25. something you may wanna look into so ur not leaving money on the table. If your stock goes above your target, set an order to sell if it drops below that target BUT if it keeps going up, increase the sell value by increments of .25, .50 or 1.00 or whatever.
Yeah, I didn't have that many shares... it would have been a few bucks, however that is good habit.MobiusPigeon said:
Not sure where I want to place the profit. I'm considering RL because I know the company well... I know they're going to get another 5%, but it's got to be a quick buy/sell. If I do it I need to do it now.
Ether_Snake
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MobiusPigeon said:
Hasn't it gone up over 100% twice in two days now?
EDIT: Still wondering if I should buy some ADSK before it's potentially too late.
EDIT2: Fucking NVDA.
MobiusPigeon said:
hah, I got in trouble with Scottrade for that sort of thing too. What they told me it was because the funds had not settled yet, so they said I was trading with their money, and that was frowned upon. You are supposed to wait for it to settle then it would be considered your money again.
MobiusPigeon
Banned
Ether_Snake said:
yeah! last night i was like F it. its cheap, if i lose i'm STILL up from TTWO profits so what the hell. this is getting to be fun! More profits=more money to spend on Visa without real worry.
Ether_Snake
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I'm losing money on NVDA, which is down on an up day, and some on CGT but I'm not worried about that one, altho weak US dollar is not helping them.
MobiusPigeon said:
If you really want to sell, just do it and take warning/penalty... it's usually not that harsh.
You can also set up a margin account to avoid the settlement waiting period.
Or, you could just deposit the same amount you sold and avoid the penalty.
I'm glad I didn't sell my entire position a couple days ago.. My GRMN shares are finally rebounding after a ridiculous decline.