I'm buying stocks today, any suggestions? (GWL)

[UberDave]

Originally posted by: B00ne
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do u guys also have to pay speculation tax when keeping stocks for less than ..I think 6 months it is?? Anyway I hate it right now I would love to buy stocks now but off course now i dont have money because I bought alot in june *cough* and nvidia in may (lost 70% on them so I guess it will take a few years till i get to break even again) stock market kinda sux - I knew alll along that capital businesses especially CEOs are a bunch off criminals that do nothing for the company unless their working for their own pocket has a side benefit for the company too, but hey u get easily lured into this stuff. But ultimately the only ones winning is always the bank. I see the stockmarket more as a redistribution of money usually from the low incomes to the high incomes that makes it especially suspicious... disregard what I wrote its just incoherent ramblings about my stupidity to buy stocks at inappropriate times....

it's okay i forgive you . You just have to be smart about what time you buy and sell... that's all. You have to actually look into the history and prospects of the company....you can kind of forshadow them.
-dave

 

[glenn1]

If you like volatile stocks for trading (not owning) purposes, a fine choice would be Ericcson (ticker: ERICY). It's been volatile as hell lately. It was at about a buck this time last week, about 50 cents at the end of last week, and 90 something cents today.

 

[B00ne]

Originally posted by: UberDave

it's okay i forgive you . You just have to be smart about what time you buy and sell... that's all. You have to actually look into the history and prospects of the company....you can kind of forshadow them.
-dave

Actually i still wonder what made nvidia fall down to the floor that hard in the last 2 months

there not in the red and they are market leader. Is it just because after 3 years of absolute technology leadership ATI has managed to sneak 1 competitive product in inbetween the productcycles? That would be strange....

but stocks are pure psychology and have fairly little to do with the actual business (that really is my opinion)

 

[Fulcrum]

jjsole:

Yes, we know about that and some other "creative ways" as well. Unfortunately, this guy is in so far over his head that whatever we can do is still not going to save him. I don't like to mention strategies like that to average investors because those things tend too get way too complicated for most people. That's why I think people who do things like day trade are better off hiring a pro. That's just too much for most people to worry about. The real question is whether many of these should be day trading in the first place. If you are not a pro and have a career and you value time with family, friends, or doing your hobbies, or you just like to sleep at night do yourself a favor and go with a buy and hold strategy. Many people tend to scoff at no load mutual funds, and this is encouraged by the full service brokers for obvious reasons. But lets face it, for the average investor there are too many other enjoyable things you could be doing with your life rather trying to be an investment pro and learn the US tax code. Most of you will do better in the long run as well, no matter how good you think you are. The client I mentioned would have done much better to put all his money in one the Vanguard Index Funds and spend his spare time on the golf course or with his kids.

Oh, and sorry about the double post, I got his car mixed up with my bosses (hate them both) and for some reason it posted again.

 

[Pastore]

Originally posted by: Fulcrum
Yes, we know about that and some other "creative ways" as well. Unfortunately, this guy is in so far over his head that whatever we can do is still not going to save him. I don't like to mention strategies like that to average investors because those things tend too get way too complicated for most people. That's why I think people who do things like day trade are better off hiring a pro. That's just too much for most people to worry about. The real question is whether many of these should be day trading in the first place. If you are not a pro and have a career and you value time with family, friends, or doing your hobbies, or you just like to sleep at night do yourself a favor and go with a buy and hold strategy. Many people tend to scoff at no load mutual funds, and this is encouraged by the full service brokers for obvious reasons. But lets face it, for the average investor there are too many other enjoyable things you could be doing with your life rather trying to be an investment pro and learn the US tax code. Most of you will do better in the long run as well, no matter how good you think you are. The client I mentioned would have done much better to put all his money in one the Vanguard Index Funds and spend his spare time on the golf course or with his kids.

Oh, and sorry about the double post, I got his car mixed up with my bosses (hate them both) and for some reason it posted again.

fulcrum, he put a thousand dollars into a stock that is marked a good short term buy by every investor out there right now... hes done it before, and most people aren't going to lose sleep over a $1,000, because they know the risks of the market, especially in times like we are in right now... personally, I think long term stock market traders are stupid because most people who buy it, just let it sit there, not knowing what the hell it could do... most of those people are joe schmo who went down to morgan stanley, and in the same day bought $10k in stocks, just by the fin. planners advice... then 5 years later the guy realizes hes got less than a $1k and says oh sh!t... thats MO

 

[Fulcrum]

My post wasn't directed, at him per say. If he knows what he's doing, than great. He doesn't need and won't listen to my advice because he can fend for himself just fine. Same for you. Problem is, most people aren't like him or you. It's good that you do good with short term trading. By the way, you have taken into account everything you've done in the market over the past 5/10 years and compared it to how you would have done had you put all your money into a low expense, no load index fund, right? Acounting for all profits, losses, related expenses(such as money spent on reasearch and magazines), taxes, and comissions. You considered how much time you put into trading and know about how much you make an hour, as if it were an hourly job, right? You found out that you would have beat the index fund, right? I'm not saying YOU might not have beaten an index fund like Vanguard's S&P 500. But many people who knock the long term idea have never done this. And when they do, many more than not find themselves behind the index.

 

[Miramonti]

Originally posted by: Fulcrum
jjsole: Yes, we know about that and some other "creative ways" as well. Unfortunately, this guy is in so far over his head that whatever we can do is still not going to save him. I don't like to mention strategies like that to average investors because those things tend too get way too complicated for most people. That's why I think people who do things like day trade are better off hiring a pro. That's just too much for most people to worry about. The real question is whether many of these should be day trading in the first place. If you are not a pro and have a career and you value time with family, friends, or doing your hobbies, or you just like to sleep at night do yourself a favor and go with a buy and hold strategy. Many people tend to scoff at no load mutual funds, and this is encouraged by the full service brokers for obvious reasons. But lets face it, for the average investor there are too many other enjoyable things you could be doing with your life rather trying to be an investment pro and learn the US tax code. Most of you will do better in the long run as well, no matter how good you think you are. The client I mentioned would have done much better to put all his money in one the Vanguard Index Funds and spend his spare time on the golf course or with his kids. Oh, and sorry about the double post, I got his car mixed up with my bosses (hate them both) and for some reason it posted again.

Fulcrum,
You must have posted right when I sent you a message, hehe.

Too bad this guys situation is beyond repair. I think the Irs is probably having fun with lots of his types, and I know there are lots more like him out there.

But I pretty much agree with you. People have put too much money into trading without understanding the risks while in search of free and easy money, and would be much better off in general with a wiser approach where the deck is better in your favor, i.e. mutual funds. I've heard about numerous other stories too that people experienced mind-boggling losses, including retirees. I think as a result mutual funds are definitely going to come back into vogue if they haven't already, which is good.

Its up to each person to decide what kind of risks they want to take and can afford to take, and someone shouldn't trade, muchless invest, with any funds that they can't afford to lose. A fool and his money soon part, and sometimes the only way people learn about this is by parting with it. Although I'd rather see someone lose 10k trading than someone take on 10k of debt on credit cards - to me this is more irresponsible (well, if its not necessary.)

Now with that disclaimer (which the lawyers made me say), lets talk stocks.

 

[zerocool1]

I think amgen is pretty good. it is in the pharmecuetical sector. So its pretty stable. Can't spell.

 

[SWirth86]

Originally posted by: UberDave

Originally posted by: SWirth86
CDDD

Buy 10,000 shares ($400). As soon as it goes up at all, sell it

haha, you were looking into that too? I don't know about their future though :\

Should have done it.......went up to .10 (previously .04) that day. You would have made 600 bucks Now it's at .06.

I was looking into that company a year or so ago, almost put some of my money in it, but really glad I didn't(It was about 6 at the time)

 

[Miramonti]

Originally posted by: SWirth86

Originally posted by: UberDave

Originally posted by: SWirth86 CDDD Buy 10,000 shares ($400). As soon as it goes up at all, sell it

haha, you were looking into that too? I don't know about their future though :\

Should have done it.......went up to .10 (previously .04) that day. You would have made 600 bucks Now it's at .06. I was looking into that company a year or so ago, almost put some of my money in it, but really glad I didn't(It was about 6 at the time)

This stock trades basically trades between $.05 and $.10 every day so if you buy on the bid and sell on the offer you can make money. This is what market-makers do, and you would be competing with them, so basically you'd have to bid .06 and offer .09 to get anything.

However the stock is pure crap. You should basically never buy something on hearsay thats traded on the bulletin boards and not listed. News generally isn't available on them and they are highly susceptible to market manipulation and don't have the same requirements as listed stocks. But this stock in particular has done nothing but gotten driven into the ground and is probably fortunate to have a $.05 cent bid. "You can't lose much" is a poor excuse to invest in pure garbage. In other words, if you want garbage, find something that has a little more life in it than this one.

With that said, I lost alot of money daytrading this stock when it was listed, when it was driven down to $4 by some frontrunners.

Its still crap tho.

/edit....whooops...I just looked and I actually made a buncha money on it when it got driven down all the way down to $2.5 last july...(bought it there and sold it around $3 that day ). I traded it the next month around $.80 too. :Q

 

[SWirth86]

Originally posted by: jjsole

Originally posted by: SWirth86

Originally posted by: UberDave

Originally posted by: SWirth86 CDDD Buy 10,000 shares ($400). As soon as it goes up at all, sell it

haha, you were looking into that too? I don't know about their future though :\

Should have done it.......went up to .10 (previously .04) that day. You would have made 600 bucks Now it's at .06. I was looking into that company a year or so ago, almost put some of my money in it, but really glad I didn't(It was about 6 at the time)

This stock trades basically trades between $.05 and $.10 every day so if you buy on the bid and sell on the offer you can make money. This is what market-makers do, and you would be competing with them, so basically you'd have to bid .06 and offer .09 to get anything.

However the stock is pure crap. You should basically never buy something on hearsay thats traded on the bulletin boards and not listed. News generally isn't available on them and they are highly susceptible to market manipulation and don't have the same requirements as listed stocks. But this stock in particular has done nothing but gotten driven into the ground and is probably fortunate to have a $.05 cent bid. "You can't lose much" is a poor excuse to invest in pure garbage. In other words, if you want garbage, find something that has a little more life in it than this one.

With that said, I lost alot of money daytrading this stock when it was listed, when it was driven down to $4 by some frontrunners.

Its still <STRONG>crap</strong> tho.

<STRONG>/edit....</strong>whooops...I just looked and I actually made a buncha money on it when it got driven down all the way down to $2.5 last july...(bought it there and sold it around $3 that day ). Traded the next month august around $.80 too. :Q

Yea, I know what you mean. I would never invest in something that small and unpredictable, but it is interesting how you could have made over 100% profit in a few hours. Of course, when it's put that way, it seems great, but most people don't realize that it also can go down 100% in a few hours. This time, it would have paid off. Most other times, probably not.

I was seriously thinking about putting money in it too.....at the time, it seemed like a great company w/ a product that would become a standard in computers. For those of you who don't know, they basically tried to create a CD-RW with like 20+ layers in it, by using flourescents instead of reflective material.....could hold much more than DVDs. Basically, they either lost funding or it didnt work, so their stock is uber low. I started a thread about the company once and people thought I was promoting the company.

 

[gotsmack]

GLW

if you bought in on wednesday, for the love of god sell on monday and take your 15% ish gain.

 

[ScottP]

How about Trident Microsystems? I was reading about their new graphics chips, and it seems they have potential. They company has a market cap of 55 million, compared to 1.5bil for nvidia and ati, so almost any market penetration will be signifigant revenue. They are also in the digital tv market, and should get some more revenue there. The best thing about them though is that they have tons of UMC shares and cash, and no debt, and their holdings + cash are worth more then their market cap. They did loose quite a bit of money last quarter, mostly on an investment write off, but they still look pretty attractive. Its not a sure thing, but its backed up with cash and UMC stock, so it could go down too much, i dont think. I do own a tiny bit of their stock, but i'm not trying to promote it or anything. Any opinions would be appreciated

 

[Noirish]

CMGI !!!

if you buy it a couple days ago, you probably gain 150% as of today.
if you do that yesterday, you are still up 30%+ today.

if you really have the balls to buy it today, let us know how much you make monday.

 

[gotsmack]

CMGI

I would not buy this one because of its price range. it is too cheap that makes the 1¢ difference between bid and ask price a major factor. and besides, tdwaterhouse charges for each stock traded after 2500 shares. I'd move to datek but I'm too lazy, besides I like my tdwaterhouse credit and debit cards.

TRID

trident microsystems, I wouldn't touch this one either. It has an average moving volume of 32.5K thats too low for me. I look for atleast 1/2 million.

 

[Miramonti]

Originally posted by: orangel
CMGI !!! if you buy it a couple days ago, you probably gain 150% as of today. if you do that yesterday, you are still up 30%+ today. if you really have the balls to buy it today, let us know how much you make monday.

I guess a couple of days ago it would have been good (as the end justifying the means) although I'd be hesitant to jump on the bandwagon, particularly for something thats already gone up so much the past few days yet is still a bankruptcy candidate. I wonder if significant news came out to justify its sharp movement against its endless slow trend downwards. Without significant news, its probably a long shot. I love the little stocks tho, theyre cheap and the volatility is so high for trading. You'll never see ibm double in a few days.

How about Trident Microsystems?

My take on TRID is that it doesn't appear excessively cheap based on the way its trading, and is more of a pure investment into their business rather than something that would be a short term speculative trade based on its price. It would be nice to see them succeed tho, based on what you said.

 

[Johnnie]

JNJ

 

[gopunk]

Originally posted by: gotsmack
sun microsystems isn't going to be that great in the short run. It's going to float aty aroubd the $4 mark for a while.

I was listening to bloomberg today and their analysts are saying stocks are going to rally until labor day. after that they are predicting a decline. those guys are normally pretty good at predicting this stuff.

and rally they are! look at them go!

 

[rbhawcroft]

Originally posted by: UberDave

Originally posted by: Spooneri'll provide the obligatory "Enron" joke here to get it out of the way

too late editfor enron buying that is

I was going to say gabelli, GBL, leading investment firm, solid franchise, 60m earnings last 12 months, 20% margin, low assets, funds likely to outperform market longterm. trading at 30usd or about 16 earnings after dilution, gates has about 10% as a warrant bond.

ALt, dell and HP are looking for more than windoze software for their desktops, who could benefit, well real, corel, other nichers of course.

Or what results are coming out?

Buy/ Sell is a waste of time unless you are into a industry like tech, or are plugged into the street via a broker.

market cap of around 1 billion, 23billion under management, founder/ CEO, 400M in its own securities on the books leaving a firm trading at way under 10x earnings.

 

[rbhawcroft]

Originally posted by: B00ne

Originally posted by: UberDaveit's okay i forgive you . You just have to be smart about what time you buy and sell... that's all. You have to actually look into the history and prospects of the company....you can kind of forshadow them.-dave

Actually i still wonder what made nvidia fall down to the floor that hard in the last 2 monthsthere not in the red and they are market leader. Is it just because after 3 years of absolute technology leadership ATI has managed to sneak 1 competitive product in inbetween the productcycles? That would be strange....but stocks are pure psychology and have fairly little to do with the actual business (that really is my opinion)

if you ask me 3d graphics margins are on a deteriorating trend. most cards sold are sub200usd. and the performance diff between that and the 400usd r9x00 is not that colossal, unlike say four years ago. They can say that they will diversify into cars and smart devices, but those CORES will be RISC/ ASIC integrated for cost and space and energy reasons, and MIPS owned by Silicon Graphics is in a good position plus Analog, TI, the asians and ARM all have established IP and chip businesses in the actual processing markets of AISCs DSPs and RISCs, also Sony is likely to wipe the floor with a wintel xbox 2, and wipe out much of the PC's gains in the home entertainment market. I guess people are taking their nvidia profit - and for a massive tech market leader its profit margin was always a bit flakey anyway, and they never shook off ATi either, who were able to get enough catch-up revenue to amortise their RandD fairly sucessfully.

 

[rbhawcroft]

Originally posted by: ScottP
How about Trident Microsystems? I was reading about their new graphics chips, and it seems they have potential. They company has a market cap of 55 million, compared to 1.5bil for nvidia and ati, so almost any market penetration will be signifigant revenue. They are also in the digital tv market, and should get some more revenue there. The best thing about them though is that they have tons of UMC shares and cash, and no debt, and their holdings + cash are worth more then their market cap. They did loose quite a bit of money last quarter, mostly on an investment write off, but they still look pretty attractive. Its not a sure thing, but its backed up with cash and UMC stock, so it could go down too much, i dont think. I do own a tiny bit of their stock, but i'm not trying to promote it or anything. Any opinions would be appreciated

i rekon you will see increasing use of graphix in phones and devices, and cars, eg the dials, stereo/ HDD, and TFT screens for the kids to watch tv in the back as lowish cost features of BMS and lower, so it will be a growth market, its hard to say who will win, but I bet it will be asset backed returns either way. languages/ instruction sets may be a big thing, nvidia is backing Cg which the reg panned, MIPS and ARM have their own, and perhaps those four will win the day with designers. you might see an entrant snapped up especially if its cash rich, there is obviously going to a change and digitsation in home entertainment, incorparating cable, sat, dtv, broadband, HDD and RISC/ Graphix but its hard to see what will clearly develop, you can say sony will get one of the most profitable niches in games consoles with enhanced simultaneous abilities,
m$ will do sth as well, and the other asians will go for the market of enhanced complementing devices with muscle.

 

[Miramonti]

Originally posted by: rbhawcroft

Originally posted by: ScottP How about Trident Microsystems? I was reading about their new graphics chips, and it seems they have potential. They company has a market cap of 55 million, compared to 1.5bil for nvidia and ati, so almost any market penetration will be signifigant revenue. They are also in the digital tv market, and should get some more revenue there. The best thing about them though is that they have tons of UMC shares and cash, and no debt, and their holdings + cash are worth more then their market cap. They did loose quite a bit of money last quarter, mostly on an investment write off, but they still look pretty attractive. Its not a sure thing, but its backed up with cash and UMC stock, so it could go down too much, i dont think. I do own a tiny bit of their stock, but i'm not trying to promote it or anything. Any opinions would be appreciated

i rekon you will see increasing use of graphix in phones and devices, and cars, eg the dials, stereo/ HDD, and TFT screens for the kids to watch tv in the back as lowish cost features of BMS and lower, so it will be a growth market, its hard to say who will win, but I bet it will be asset backed returns either way. languages/ instruction sets may be a big thing, nvidia is backing Cg which the reg panned, MIPS and ARM have their own, and perhaps those four will win the day with designers. you might see an entrant snapped up especially if its cash rich, there is obviously going to a change and digitsation in home entertainment, incorparating cable, sat, dtv, broadband, HDD and RISC/ Graphix but its hard to see what will clearly develop, you can say sony will get one of the most profitable niches in games consoles with enhanced simultaneous abilities, m$ will do sth as well, and the other asians will go for the market of enhanced complementing devices with muscle.

I agree, there's so much growth that these markets can extend into. What a crapshoot tho when trying to predict emerging technologies or standards. Perhaps something may come along that looks very promising in the short term but betting in the long term is always a very risky investment in the tech area. I would tend to think that investing in a technology index or mutual fund at this point might be a good bet. They have gotten so beaten up and are unpopular now, so maybe the tide has turned to a longer term buyers market. I think we all probably believe the tech sector is still going to have some exciting days ahead of it and that its far from dead.

 

[Miramonti]

Originally posted by: richardycc
ICOS, ELN if you like Biotech rich

I don't know anything about ELN as a company, but the biotech area is promising and ELN looks great on the chart (appears bottomed out in the long run) - especially since its come back down below $3 from trading around $4 too.

 

[SithSolo1]

ATI