Deku Tree said:The Oct. 10 floor on the S&P500 has been broken....
Good to hearEther_Snake said:CAE (CGT) quarterly profit rises 25 percent
Of course this means nothing for the shares price on a short term basis, but it reinforces my confidence in the company.
Soka said:REBOUND FOR NO APPARENT REASON.
Go dead cat go!
Zyzyxxz said:what do you guys think about GM?
Very tempting to buy a few shares and hope it turns into gold a while from now.
Im thinking of picking up 100 shares each of Ford and GM as little side deals so I wont be risking much. I don't really think they will hit the bucket, I'm pretty sure Chrysler is gonna though unless something happens soon.
GM and Ford are just unfortunate victims of this crisis IMO. Chrysler was already slightly heading in the direction, this recession is just making it faster.
Soka said:REBOUND FOR NO APPARENT REASON.
Go dead cat go!
:lol You sound like me now. Really funny!Relix said:... Fuck the stock market.
Virtual Stock Exchange, maybe? I used it for a bit a couple years ago. PEACE.hectorse said:Any paper trade games that are easy to use out there?
I am using investopedia but it's not very intuitive, great place to learn but not very good place to game
iced lightning said:I've got a lot of faith in stem cells... and solar stocks are dirt cheap right now as well. Just wish I had more cash to throw in.
tarius1210 said:Your kidding, right? GM has been at Death's door for a couple of years now.
The Economist said:AT THE end of 1964 the Dow Jones Industrial Average traded at 874.1. Seventeen years later, despite rapid inflation, the average had inched forward only to 875. It was the kind of grinding bear market that drove investors to despair. Near its end, Business Week famously proclaimed The Death of Equities.
Maybe we are looking at a bit more than 5 years :lolSoka said:Interesting read, Deku.
Good article....but I don't see 15-20 years of flat stock prices.Deku Tree said:i.e. 15-20 years of flat stock prices....
http://www.economist.com/finance/displaystory.cfm?story_id=12437747
If the stock pops at least $0.10 I could make a couple thousand on it if I buy. They are drowning in debt but this wouldn't be a long term buy so I really don't care.Ether_Snake said:Mortal Kombat VS DC will do well no doubt. I have no idea how much Midway trimmed down over the years. It's all about expenditures VS revenues, so if they are still losing a lot of money I doubt this game can turn things around.
They are probably due to being taken over in the near future IMO, but who knows.
Deku Tree said:i.e. 15-20 years of flat stock prices....
http://www.economist.com/finance/displaystory.cfm?story_id=12437747
Zyzyxxz said:what do you guys think about GM?
Very tempting to buy a few shares and hope it turns into gold a while from now.
Im thinking of picking up 100 shares each of Ford and GM as little side deals so I wont be risking much. I don't really think they will hit the bucket, I'm pretty sure Chrysler is gonna though unless something happens soon.
GM and Ford are just unfortunate victims of this crisis IMO. Chrysler was already slightly heading in the direction, this recession is just making it faster.
tarius1210 said:If the stock pops at least $0.10 I could make a couple thousand on it if I buy. They are drowning in debt but this wouldn't be a long term buy so I really don't care.
Deku Tree said:So I have a crazy question for this topic.
I found out about an hour ago that when I was born a relative of mine purchased me a small number of shares of stock in a conglomerate called "Gulf and Western Inc".
As I understand it this company no longer exists, but it's "legal successor" is Viacom (whatever that means). Are my shares convertable somehow? (If so do you know how?) Or are they worthless?
Ether_Snake said:I was looking at the new Skate 2 trailers. The game looks really good, coming out in March. ADSK is my next purchase but ERTS is close second. ADSK could possibly fall after earnings, so I'll wait till then to buy cause even if they were to do good the current market conditions won't allow the share price to surge.
dionysus said:I like TTWO at these levels. They have no debt, and so far I have liked there recent output. Bioshock, CivRev, and GTA DS may be brilliant as well. The market is still knocking them down from how mismanaged they were 2-3 years ago, but I think a lot of that has changed. Even though they were idiots to not take the ERTS takeover.
Pimpwerx said:Yahoo! is around $11 right now, and NPR just mentioned that they ditched their CEO. If it approaches $10, would it be a good pickup? I'm thinking if MS makes another bid again to the new CEO that it'll be a nice doubling or tripling of the investment. Thoughts? I'm not trying to get in trouble with my first investments. PEACE.
Thanks for that. I guess I'll wait and see then.kathode said:Pretty good article on the near-term potential for YHOO (short version: Not that great).
http://online.wsj.com/article/SB122703167276238013.html?mod=googlenews_wsj
Personally I haven't been a fan of them for a long time. They seem continuously behind the curve on technology and market positioning, and I've felt the company has been stagnant overall for some time. You may see a short term bump from getting a new CEO in place, but as the article points out, that could take months, and even that's no guarantee of longer term success.
Pimpwerx said:Thanks for that. I guess I'll wait and see then.
I have another question. I have Zecco and I place a limit order that might not be executed anytime soon, based on the current price. I would cancel the order, but I don't know if Zecco charges commission for orders placed, or trades executed, and can't quite find that information. Any idea? I assume it's the latter, but I don't want to take that chance. Since it's my first order, it would be free anyway, but I'd rather not use any of my freebies unless I have to. PEACE.
Thanks. That's what I was looking for. I wish the money had cleared my account back when RIMM was under $40. Oh well, there'll be others. I'm feeling much more relaxed about this process than I thought I would. This thread has been helpful. PEACE.sonarrat said:$5.00 per execution if you don't have any freebies. It doesn't count if it's cancelled.
Pimpwerx said:Yahoo! is around $11 right now, and NPR just mentioned that they ditched their CEO. If it approaches $10, would it be a good pickup? I'm thinking if MS makes another bid again to the new CEO that it'll be a nice doubling or tripling of the investment. Thoughts? I'm not trying to get in trouble with my first investments. PEACE.
kathode said:Pretty good article on the near-term potential for YHOO (short version: Not that great).
http://online.wsj.com/article/SB122703167276238013.html?mod=googlenews_wsj
Personally I haven't been a fan of them for a long time. They seem continuously behind the curve on technology and market positioning, and I've felt the company has been stagnant overall for some time. You may see a short term bump from getting a new CEO in place, but as the article points out, that could take months, and even that's no guarantee of longer term success.
Ballmer again dismisses talk of Yahoo buy
Microsoft CEO Steve Ballmer reasserted during the company's annual shareholder's meeting Wednesday in Bellevue that the company was no longer interested in acquiring Yahoo.
"We are done with all acquisition discussions with Yahoo. I've said that a bunch of times," he said in response to a question.
One person in the hall at Bellevue's Meydenbauer Center then applauded.
At the same time, Ballmer said, Microsoft would still be open to a "search collaboration" with Yahoo, like the one Microsoft proposed in July, although he said there are no current discussions on that front.
His comments come two days after Yahoo CEO Jerry Yang announced he would step down.
Ballmer also said at the meeting that while the economic crisis would have an impact on the company, Microsoft would continue to invest heavily in research and development.
"I think it's the single most important reason for the success we've had over the years," he said.
Ballmer talked up last quarter's financial results, saying given the "current economic environment ... those were solid numbers."
"With our breadth and range of our products we are in a unique position," he said.
At the same time, he reasserted comments executives made during Microsoft's first-quarter earnings, saying that Microsoft would look to cut costs.
He said there would be "much, much smaller growth in headcount" this year and probably the year after.
Yeah...no chance they lose like 15-20% overall for the day, right? I set a limit buy at $10, but I'm getting more nervous the closer it gets to that total. I'm hoping for some bounce back to like $11 by day's end, but I honestly have no idea. PEACE.rvd2kewl said:Ballmer is saying that there will be no acquisition of Yahoo, only a potential partnership.
http://blog.seattlepi.nwsource.com/microsoft/archives/154844.asp
YHOO is down 12.5% as a result of this news and it's currently sitting at $10.10.