Concerning RMBS, when the market suspended trading, they took away Azurik's effort in sitting in the courtroom in an attempt to gain an insider advantage.
This verdict surprised me. I thought it would have a median result with neither company gaining or losing. I am happy to have gotten out profitably a few months ago but I have still been eagerly awaiting the verdict and hoping I did not miss an opportunity to get rich.
Any advice for someone looking to jump into stock trading? I'm only 19, but i'd like to get a head start and invest in some technology related corps. I was looking to sign up for eTrade and peek around. I have up to $1K to possibly invest.
You just stepped in the middle of a dramatic moment that has been building for several years. Because of this, you will receive few replies.
My recommendation is to stick with a company having products you are familiar with and like. Something I do is read Smart Money magazine. A monthly column titled
"Stock Screen" by Jack Hough provides very good company introductions that have worked well for me. The $20 magazine subscription is well worth it and pays for itself after the first successful sale. Take your time and let opportunities present themselves to you, recognize these opportunities, and use them to your advantage.
At the age of 19, start reading a monthly magazine now. Ask your parents to give you a subscription for Christmas or your birthday. My mom bought me a subscription to Money Magazine when I was 16 and it was easily the best investment my mom ever made, for me and for her. For example:
Smart Money,
Money Magazine, and
Kiplinger are good ones to start with. Follow recommendations concerning funds and stocks, and watch how these funds and stocks perform over time; yearly, monthly, weekly, and daily (in that order). Start cautiously following magazine recommendations until you gain experience over time; typically 8-15 years worth of time.
For example, I purchased an OCZ SSD v.III drive a few months ago and liked it. It worked well at a time when many people were declaring it as junk. I figured with a new good product and a poor reputation, their stock would be underpriced and expected strong future sales. I purchased stock and the next earnings report confirmed my expectations, resulting in a quick stock price increase. However, I sold too quickly at a 10% gain and
OCZ kept climbing after for another 40%. I should have held longer.
This is the ideal method of investing and the best to start with.
Put some stocks you are interested in, into a personal list on
Google Finance and check on them periodically. Pay attention to how various things affect the prices; such as seasons, weather, holidays, politics, the Presidential election, the economy, and especially how the market reacts after news is published like jobs reports or Federal Bank decisions to change interest rates.