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Anyone mess around with the Stock Market?

MikeNapoli

MikeNapoli

I'm trying to get into the stock market because a friend of mine is a daytrader and keeps telling me I have to get involved. To boot, my boss is always talking about stocks, so tonight I opened a TDameritrade acount.

I was just wondering if anyone on here is market savy or into the market.
 
C

concept3

so did I mike- i went with my gut instinct to NOT buy certain stocks because they were kinda pricey, and bought the cheap ones.... well, i lost the cheap ones (bankrupfffft) and the ones I was gonna do doubled...... hmmmmm....you're a member of that community I see :)
 
1

120gallons

I do somewhat. It's tough nowadays. Too much emotion in the market. Some things like a company having record earnings, beating estimates yet still going down happen all the time, but in the end, good growing companies are a pretty good choice.
 
S

sinkingbeach

I love Precision Drilling Trust(PDS) right now, provided your going long and not day trading. Has a great dividend yield and a very low P/E ratio, it's been floundering for the past 3-4 months but this past week has started to rally, I wouldn't be surprised to see $25 by June.
 
Hawkeye

Hawkeye

unless you are glued to a screen and willing to trade in options, puts and calls - i would suggest figuring out your risk tolerance, then putting together a plan on your asset allocation. Then within that asset allocation - pick a few stocks/funds that meet the portfolio.

If you stick to a "plan" and are disciplined about it - you'll realize that selling stocks timely is just as important as knowing when to buy. For example, I have in my portfolio some shares of ExxonMobil (XOM). While the value of that stock has appreciated a lot - I will correct that amount (by taking profits) every 6 months or so to make sure my overall portfolio isn't too weighted in natural resources. Unfortunately in my case I used the proceeds to buy some pharmaceutical stocks that seemed undervalued...of course they still are. I personally do not have the discipline to monitor - so I rely on a broker to do that for me. It's expensive but everyone has different investment strategies/risk tolerances.

Don't forget - last year's winner is rarely going to succeed again next year, hence the value of diversity/asset allocation.

Now if you are talking big money - that guy in omaha has some mutual fund shares...BRK.A ;D
 
JRWOHLER

JRWOHLER

David Solin FXA January 24, 2008

In the Nasdaq 100 etf (qqqq), the market has reversed sharply higher after the recent spike to the long held target/support at $41.50/00 (both the base of the bullish channel and 38% retracement from the Oct 2002 low at $19.59, see longer term below). However, the recent gains are likely the start of a longer period of correcting/ consolidating (wave 4 in the fall from the Oct high at $55.07, see numbering on daily chart below), with an eventual resumption of the declines to new lows after (within wave 5). This scenario suggests at least another few weeks of wide ranging ahead (markets will often consolidate for an extended period of time after sharp moves), but the specific pattern/shape of this correction is currently a question. So for now, would just stay patient for a better risk/reward entry. Note, these periods of wide chopping are not the types of markets to “chase”, but more one to “fade” extremes. Nearby resistance is seen at the previously broken base of the multi-month bearish channel (currently at $45.50/75) and $46.75/00 (both a 38% retracement from Oct high at $55.07 and the previously broken base of the bullish channel since March), while nearby support is seen at $44.00/10. Note, just missed the short area in the Jan 9th email at $48.70 (reached $48.40) before tumbling to the $42.00 target.

Long term, the bearish view over the last few months (a top for at least the next 12-18 months) remains in place with the market spiking down to, and bouncing from the initial longer term target at $41.50/00 (see weekly chart/2nd chart below). With no signs that this longer term period of correcting is complete, more of this wide, downward ranging is favored, and the longer term bias remains to the downside. However, given that the choppy type of trade is likely to continue it’s not the type of market to just short and hold for the longer term and instead, would trade the shorter term views above.

David Solin
Partner, Foreign Exchange Analytics
E-mail dsolin@fxa.com, (860) 767-9102

*See intraday scrolling technical comments/blog at fxa.com/solin/comments.htm , Reuters FXAFX31 (does not include charts) and Telerate 57031. Previously emailed charts http://www.fxa.com/members/charts.asp



David Solin FXA January 24, 2008



The information in this email is confidential and is intended solely for the addressee. Forwarding, copying, etc., without the express permission of Foreign Exchange Analytics is strictly prohibited. The opinions expressed herein are those of the author and not a recommendation to buy or sell specific securities.
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I tend to let the fund managers manage my money. I will occasionally pick a stock that I think stands a good chance of rebounding. I do move my money around though from one asset class to another. At the moment I don't really like stocks. Though with the Fed cutting so much historically the stock market has reversed when this has happened. My two cents and with 98 more you can buy a cup of coffee.
 
jimroth

jimroth

I have some pretty big investments, and I have lost (and made!) a fair amount of money in my time. These days I mostly stick to large cap stocks, mostly blue chip names, that pay dividends. That 3 or 4 percent is a lot better than NOTHING which you get from a dragging NASDAQ stock. I have a bunch of those too.
I agree that the safest thing for most people is to put their money in an index fund. If you're unsure, split it half and half between the index fund and stocks and see how you did after a year. You may find the difference is not worth the nail biting and time invested in stocks.
I also use a full service broker who calls me if my stocks are getting into trouble. I don't trade too much to the exorbitant fees are worth it.
IMHO, very humble, daytrading is a great way to lose your shirt. ("How do you make a small fortune in daytrading? Start with a large fortune!)
 
MikeNapoli

MikeNapoli

I'm ok with taking a little risk. I bet on sports all the time and I figure instead of losing $500 here and there I can put it in the market.

My boss is buying a stock called REFR .. they make tinted windows with the push of a button. RESEARCH FRONTIERS Inc.

http://www.refr-spd.com/ .. In 2000-2001 the stock was $34 and now they are under $7. My boss thinks that they will go up because companies like American Airlines and Hitachi Chemical Co. are buying for future builds.

I don't know anything about it really. I just bought 100 shares and i'll see what happens. I lose that much betting on sports every two weeks like an idiot and maybe this will ween me off sportsbetting. *fingers crossed*
 
H

harryk

let me premise this by saying that i have money strictly in stocks currently. Right now is not the best time to be investing. I have about 30% of my portfolio in Money Market funds until i see a bottom to this wild ride in the major indexes. The dow, S&P and nasdaq are all too volatile on a daily basis and most likely will end up down on the year. Most likely we are in a recession, which definitely does not bode well for the market for the forseeable future The Fed the other day just said that they are revising growth much lower. I would never recommend a stock to anyone and also would not purchase one someone recommended to me unless they were a professional that I hired to manage my money. That being said. Anytime you are interested in a stock or any investment you should always thoroughly research before purchasing. Never buy on impulse and NEVER EVER day trade JMO. The odds are against you making money and most people lose everything day trading. Unless your buying enough shares and them making big gains, which is highly unlikely because you would have to be glued to your PC so you don't miss the upside movement. You will never make anything appreciable day trading to make it worth wild once you take into account capital gains taxes and trading fees. Like i said research, research, research and never buy stocks because someone said it's a good investment unless you hired them to manage your money. Just my opinion.

Harry
 
Hawkeye

Hawkeye

sinkingbeach - what is your day job? ;D

since 2/4:

PDS is up 13% ..at $21...

XOM is up 6% plus cash dividend.

REFR is down 12%

But seriously - i like harry's post and think it deserves re-reading every single time I think I can make money trading stocks.
 
S

sinkingbeach

phil519 said:
sinkingbeach - what is your day job? ;D

since 2/4:

PDS is up 13% ..at $21...

XOM is up 6% plus cash dividend.

REFR is down 12%

But seriously - i like harry's post and think it deserves re-reading every single time I think I can make money trading stocks.
Click to expand...

I'll toot my horn, current price $22.79 $25 doesn't look so far away any longer 8)
 
S

sinkingbeach

sinkingbeach said:
I love Precision Drilling Trust(PDS) right now, provided your going long and not day trading. Has a great dividend yield and a very low P/E ratio, it's been floundering for the past 3-4 months but this past week has started to rally, I wouldn't be surprised to see $25 by June.
Click to expand...

Don't you love when your target price comes in 2 months early... 8) 8)

Precision Drilling Trust (USA)
(Public, NYSE:pDS)
25.44
+0.74 (3.00%)
Apr 16 - Close

OK here's my next one, GG, been riding it for a few weeks now, provided the inflationary indicators become even worse(they will) can you say $55 ;D
 
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