Stock Market Thread

***ViPER1313*** · 01-06-2009, 01:58 PM

I'm still kicking myself at not buying Ford at $1.something a share. Waiting until it returns there.

**Mike** · 01-07-2009, 02:39 PM

Holy crapoly! Lucky I got out of this last week: <a class="postlink" href="http://finance.yahoo.com/q?s=SAY">http://finance.yahoo.com/q?s=SAY</a>

BLINGMW · 01-09-2009, 02:07 PM

I'm out as of this morning. See you in hell market! :twisted:

**Mike** · 01-09-2009, 02:58 PM

BLINGMW Wrote:I'm out as of this morning. See you in hell market! :twisted:

you think it's gonna go even lower?

BLINGMW · 01-09-2009, 03:04 PM

Much of it is because I don't have enough money to expose myself to this level of risk. I thought DJI was showing a bottom, trending toward some stability, but the bad news just keeps coming and I'm no longer willing to bet that this is near bottom. I think Obama fever is going to wear off REALLY quick, people are going to go straight back to panic mode, more jobs will be lost. We're about to print another 800 billion in US currency to "fix" the problem, and I'm not convinced. I learned some valuable lessons in my first year of trading and only lost a couple hundred bucks. I'll regroup and maybe try later this year if we're in the clear.

Of course, maybe not. I'm seriously thinking I can make more $, with less risk, buying and selling motorcycles and textbooks. :dunno:

Remind me of this post when, with a little $ burning a hole in my pocket, I buy back into aapl in a few weeks or something. :lol:

Do NOT remind me of this post if the dow shoots to 10k next week. :oops:

**Mike** · 01-09-2009, 03:14 PM

Whatever you do, do not buy AAPL ever again. It has been the bane of my short trading career. I've more than made up for my losses, but I just don't know about the company any more... They seem to be ignoring the economic crises and what people are actually looking for. Fuck $3k laptops, fuck $2k netbooks that are .5" thick. Give me a $500 pile that gets the netbook job done, has your usual fit and finish, and can fit in my backpack... They'd make a killing.

BLINGMW · 01-09-2009, 03:19 PM

oh, I'm sure I will buy them! But it won't be any time soon, they'll probably have a rough '09. And I think if they went the route of making cheap computers, they would devalue their brand. They are, and I hope they stay, a solution for a niche market. I think they have enough cash to afford to keep doing their thing through this downturn, and once it's over, they'll be a good buy again. Assuming this whole "Steve is dying" thing gets sorted out.

As if I know what I'm talking about :dunno: :lol:

stevegula · 01-09-2009, 03:35 PM

Mike Wrote:Give me a $500 pile that gets the netbook job done, has your usual fit and finish, and can fit in my backpack... They'd make a killing.

Actually, no they wouldn't. Those products have no profit margins.

**Mike** · 01-09-2009, 05:32 PM

stevegula Wrote:
Mike Wrote:Give me a $500 pile that gets the netbook job done, has your usual fit and finish, and can fit in my backpack... They'd make a killing.
Actually, no they wouldn't. Those products have no profit margins.

You're a POS troll. Get out of here. It's all I want for Christmas... Doesn't that make it a good product?

stevegula · 01-09-2009, 05:58 PM

I'm up 40% in the last 3 months in the market. :-) Holla!

But no. Your opinions and needs do not outweigh reality. I nearly offed myself when I discovered this.

My friend just got the Asus eee 10" .. 1 month of usage and it's bluescreening all over the fucking place. poor guy. And apparently I didn't ride the Sprint gravy train long enough.

But in all seriousness, Apple is very good at selling products with real profit margins (on average something like 20% compared to Dell's 5-6%). I think the iPods were rocking a 50% profit margin for a while. They are the most contrarian publicly traded company of all time. They were all but dead during the .com boom and then have been the ralliers ever since the bust. They maintain no debt and ample cash on hand. It's fairly impressive.

Dave · 01-10-2009, 12:29 PM

Chan, I think you're being silly. You've got a solid investment in BP, if nothing else, and you've only been in for a few months. Hell, you've barely been in long enough to see long-term taxation on a couple of stocks. Instead of having the short term gains theory, buy some solid stocks that are down and have good dividends and make your money that way. Hell, there's good money to be had if you just start dividend trading, if you want a new investment perspective. Pain tolerance and risk go hand in hand and the most important thing is that you identify your thresholds. I've lost a bit this week too, but every company i own has a good long-term horizon, if nothing else, so I have just kept buying b/c they're on sale and now I'll just be more inclined to hold longer than 2 months :-).

I, for one, would never touch AAPL or RIMM b/c that market is just too fickle and fluctuates too much b/c everybody reads into it too much. In fact, I don't own any tech stocks b/c I haven't found one that I like yet.

Apoc · 01-10-2009, 01:23 PM

I know I talked about it before, but I decided to finally get some Alcoa. The more research I do, the more undervalued it really looks. It's hard to argue with such consistent dividends too.

<a class="postlink" href="http://finance.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1231275600000&chddm=1581226&q=NYSE:AA&ntsp=0">http://finance.google.com/finance?chdnp ... :AA&ntsp=0</a>

.RJ · 01-10-2009, 01:32 PM

Didnt alcoa just lay off a ton of people?

Apoc · 01-10-2009, 01:39 PM

Yeah... layoffs in materials isn't necessarily a bad thing. The aluminum market is crap so they have to decrease expenses to compensate. The market will eventually recover and they'll be in a better position to be profitable again.

Dave · 01-10-2009, 08:19 PM

their announcement of 15,000 jobs is a pretty sizeable chunk, if you ask me, but it also says that they are in it for the long haul. They got abused pretty badly this week, have a really nice dividend, and are the biggest in their industry. Considering that they are at 25% of their 52-week high, that's a LOT of potential profits if you buy a bunch right now and keep your eyes on them for the long haul. If I didn't already have a play on metal (PCU) I'd be all over Alcoa right now.

BLINGMW · 01-12-2009, 01:01 PM

Dave Wrote:Chan, I think you're being silly.

Long term Dave, you're right. And hopefully I'll have some long term $ to sink later this year. But this waas pretty short term $ I had tied up, and I was tired of worrying about it. Today, so far, I'm happy to be out! :wink:

**Mike** · 01-12-2009, 03:00 PM

today hurts.

**Mike** · 01-12-2009, 04:48 PM

just sold my nickel mining stock... down 18% today on 0 news? fuck. still made $200 on it in about two weeks for doing nothing.

BLINGMW · 01-12-2009, 05:18 PM

looks like there was a lot of concern today about that Alcoa too.....

Apoc · 01-12-2009, 05:25 PM

Yay Alcoa!!

Did I mention you guys should be out of the market whenever I talk about actually moving real money around in it?

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