The Stock thread

[fattymcbutterpants]

I know I've talked about stocks on here before but just thought we could share some advice on anything we are playing now.

If anyone is interested, I've been playing Harbin Electric (HRBN) since it's big drop a couple months ago. Right now I have a big position in some calls to try and make some profit but we will see how it plays out. I've made some good profit on it already. Also I am in HOGS it's another Chinese company that's really undervalued.

Just thought I would start a thread though fella's if anyone wants to talk

In no way am I trying to encourage anyone to initiate any position in these equities mentioned in this thread. This is for entertainment purposes only. And as a disclosure I am long both positions.

[lovbyts]

Careful, uneducated people will take this as stock tips and when they buy high and sell low will blame you and start flaming. I like to watch, listen, learn and look for opportunities myself but I fully know if I loose money I'm the only one to blame. Others are not so forgiving. Maybe a quick disclaimer at the end of each one of your stock post would be a good idea?

[fattymcbutterpants]

Thanks for the advice man I just took care of it I think, but you are right people are quick to act on some of this stuff but not think. Hopefully that won't keep anyone from talking about it on here though of course

[lovbyts]

No problem, just dont want to see a fellow member getting a bad rep for trying to help.

[warchild]

arrr i stopped doing the stock market. i have no idea what im doing and neither did my investors.

[fattymcbutterpants]

That sucks man sounds like you need to find you some better people to invest your money

[fattymcbutterpants]

Fireguy you daytrade don't you? I thought I remembered you saying that awhile back

[warchild]

That sucks man sounds like you need to find you some better people to invest your money

good point, but every investor ive been to says the same old thing about the economy being down and put in more money. id rather buy another house and try to pay it off quicker

[fattymcbutterpants]

If I was you I'd go for the house then, an over the many years you are paying it off learn about the stock market then you won't need an investor by the time you have extra money to invest lol

[Twist]

I was buying BAC at 6.80 and reselling above 7. 7.45 was a short so I made sure to sell before. I hit the peak last friday at 7.37 and don't think I'll be going back in anytime soon. If you want a portfolio with little risk and high dividends then I would go with buckeye petroleum, kinder morgan, exxon. I think dell has almost as much cash as market cap. Heard something like that but I'm not interested in tech stocks as they are too risky. Only tech stocks I would consider would be Apple to hold for two years and Google for long-term. Haven't really looked into those either though. Tech stocks are risky and almost all recent ipo's are under the initial sell price.

For bonds I like NY State and NJ state port authority bonds. I prefer going REIT rather than bond though.

[fattymcbutterpants]

Yea I haven't really dipped into bonds. A small portion of my 401k is in them but that's it. I don't have a real big account by any means so I play some riskier stuff and a couple solid positions. I like big gains haha but that means big risk alot of times.

I'm just getting into options now though so I have placed a couple small bets on some companies just to see what happens.

I looked into buying some BAC awhile back though man but I'm glad I didn't. I dnot think it's something I wanna be in lol

[Twist]

Yea I haven't really dipped into bonds. A small portion of my 401k is in them but that's it. I don't have a real big account by any means so I play some riskier stuff and a couple solid positions. I like big gains haha but that means big risk alot of times.

I'm just getting into options now though so I have placed a couple small bets on some companies just to see what happens.

I looked into buying some BAC awhile back though man but I'm glad I didn't. I dnot think it's something I wanna be in lol

I leave my roth ira alone for sure. I'm not playing with a lot either. But I'm not putting anything back in until the europe issues are over. I don't see any sure things atm. Greece is gonna default, no doubt in my mind about that. Not entirely sure what's gonna happen to the US market when that happens but I would think it would rally initially but if greece takes down other EU countries then that's a big problem... So I'm steering clear for a while. Other than safe bets of course. You never know when news is gonna hit and one thing I have learned is that everyone else knows before I do. I'll just wait for disasters like BP oil spills and stuff to make my cash. There seems to be plenty of those...

[fattymcbutterpants]

What all I am in right now hasnt really been affected too much by all the europe stuff I dont think, I'm sure it has a little but not enough to notice. But you are right, when bad news comes out is when you can make money. When everybody sells thats the cue to buy buy buy (not in all cases of course lol)

[DNoMac]

I'm playing mostly conservative with blue chips and stocks with generous dividends. To name a few: Walmart, J&J, Vodafone (7% dividend), and I'm still stuck with shitty BAC. I'm young, so most of my positions are long term and I'm willing to stomach all of this market volatility. I also tend to buy on bad new when the market retreats in a wave of irrational fear. It has worked out well for me so far.

[fattymcbutterpants]

Yea twist and I were talking about how we both try to take advantage of bad news opportunities, when the stock drops is a good time to consider buying

[freakinhuge]

have a roth 401k, and just got a small brokerage account with fidelity, looking for all the help I can get.

[fattymcbutterpants]

Hey freakinhuge do you not know much about investing and are wanting to learn or just looking for a little help

[jasc]

I've been thinking about starting to daytrade penny stocks... The risk is high, but the payoffs can be as well.. anyone else do this? I'm thinking about dropping in about $500 n see how it goes

[fattymcbutterpants]

I would be careful with that. The main problem with those is of it does go up it's hard to get out because there aren't many buyers. I tried doing it when I first started and had no clue what I was doing I lost some money then doubled it one day the lost again because a company did a 3500 to 1 split so I had a million or two shares turn into 165 shares..... But the price stayed the same so now all those shares are worth 2 to 3 cents total lol. So lots of risk but hey you could do well with it

[jasc]

3500:1 split.. thats crazy... It is risky, but thats why I'll just put in a small amt to begin with n see where it goes...

What trading service/website did you use? or recommend?

[fattymcbutterpants]

I use etrade some people have given bad reviews of it before but I've always liked it an never had a problem customer service has always been real helpful and quick. But if your looking for something cheap I'm pretty sure thinkorswim is one of the cheapest per trade

[jasc]

I'll have to check out thinkorswim.. Had an e-trade acct some time ago.. had a good experience as well, but when placing many trades, definitely the cheaper the better as long as its reputable/secure

[fattymcbutterpants]

Yea I'm sure you can save a good bit of money then if you use the cheaper brokerages

[Times Roman]

I don't trade. i just hold long term and cry as the value continues to drop.................

[fattymcbutterpants]

Haha sounds like you should just curl up in the fetal position and just let it out lol

[kalspic]

interesting. what books do you recomend for someone trying to get into the market and start investing?

[RaginCajun]

market down 400pts today.

[Twist]

Great buys now. Buy and hold now or wait for another big drop then buy and hold. Until Europe gets fixed (defaults) there won't be much of a recovery.

[fattymcbutterpants]

interesting. what books do you recomend for someone trying to get into the market and start investing?

One up on wall street by Peter Lynch is a good one it helps you learn what to look for in stocks. Peter lynch is arguably one of the best stock pickers of all time. Warren buffet is the man of course though too haha.


And now is the time to buy. When you see red it means buying opportunity for people who aren't weak and time to sell for those who are lol

[lifterjaydawg]

Peter Lynch has a good sensible strategy for all newbies to follow. Very good book.

[jbm]