***Official*** 2012 Stock Market Thread

[Pliablemoose]

yeah it's been pretty incredible.

I'm only holding a small # of shares w/ an avg price of $350ish and actually thought about selling it at $400 but so glad I held on haha.

I will consider adding more if it has a significant pullback, but at this point, it doesn't look like it will until after it hits $500.

Also, I'm trying to save money to dump into Facebook when it becomes tradable

I picked up 200+ more shares on open

 

[SSSnail]

Yeah, if you look at most funds for 401k, the top holding is Apple.

 

[Imp]

Wonder what pushed AAPL up so much (relatively) today...

So, GRPN down 15%-ish today. Worth a gamble if it hits $18 or $19? It's so "young" that people still see potential and may push the sucker back up.

Meanwhile, rest of the market: zzzzzzzzzzzzzzzzzzz...

 

[Pliablemoose]

Earnings were so good, P/E was low, was relatively under valued, plus short covering, institutional buying...

 

[JEDI]

Greece reaches deal on austerity
http://money.cnn.com/2012/02/09/markets/greece_bailout/index.htm?hpt=hp_t2

market's going to jump tomorow?

 

[Imp]

I doubt it... The "market" "freaking out" over Greece for the past few weeks was a drop of 15 points or something insignificant... Looks like everyone's been expecting that Greece would take care of business.

Must say it looks/feels exactly like when everyone expected the US debt ceiling to be raised, but they still freaked out afterwards. Dow was also trading in the upper 12k then. I'm half-in, half-out. Half of it is in a grocery store (Canadian one), which is near a 52 week low, so I'm not too worried.

 

[Imp]

Yay, we're "down" down today... I'm half-in on something that wouldn't really be affected by Greece.

Or we're "down" and it'll just recover throughout the day like it has for the past month.


Edit: Okay, checked out of GOOG just in case it all goes to hell from here. Wasn't that big a position anyways.

 

[Pliablemoose]

Yay, we're "down" down today... I'm half-in on something that wouldn't really be affected by Greece.

Or we're "down" and it'll just recover throughout the day like it has for the past month.


Edit: Okay, checked out of GOOG just in case it all goes to hell from here. Wasn't that big a position anyways.

That was a good call, I thought we'd see a bounce, but after I read your post yesterday, started to expect a down day.

And WTF, go AAPL I thought it'd take a break, looks like $500 sooner rather than later.

 

[Arachnotronic]

EA games has been getting hit hard over the last week. Opened a position today.

 

[InverseOfNeo]

yeah it's been pretty incredible.

I'm only holding a small # of shares w/ an avg price of $350ish and actually thought about selling it at $400 but so glad I held on haha.

I will consider adding more if it has a significant pullback, but at this point, it doesn't look like it will until after it hits $500.

Same here though I'm averaged at about $115-120. I know I probably should have sold it and bought it back but wow, what a ride!

TBH though, I always had a feeling it would go at least to $500 so I was comfortable holding it though $3xx and even when it seemed stalled at $42x.

 

[Pliablemoose]

Same here though I'm averaged at about $115-120. I know I probably should have sold it and bought it back but wow, what a ride!

TBH though, I always had a feeling it would go at least to $500 so I was comfortable holding it though $3xx and even when it seemed stalled at $42x.

The current P/E is 14, if it goes to 20 or so, we're looking at $600+

 

[Imp]

Eff it, back to 95% cash.

Realized that I've been predicting/praying/hoping for a pull back for a month, and now when it finally looks like it's going to happen, I'm not going to keep 50% of my money tied up for a potential 2% gain.

 

[SSSnail]

Opened a position with XCO today, something is brewing with this company and I don't know what, but if Gordon Gecko is buying, I'm buying.

 

[Pliablemoose]

Opened a position with XCO today, something is brewing with this company and I don't know what, but if Gordon Gecko is buying, I'm buying.

Is it a value stock? can I smoke a cigar if I buy it?

 

[SSSnail]

Is it a value stock? can I smoke a cigar if I buy it?

Sorry, should have been Gekko, but look up who's buying that stock and why, and you'll have your answer.

 

[Pliablemoose]

Sorry, should have been Gekko, but look up who's buying that stock and why, and you'll have your answer.

You've inspired a new sig for me

Here's my return so far this year, BTW...

 

[Arachnotronic]

Eff it, back to 95% cash.

Realized that I've been predicting/praying/hoping for a pull back for a month, and now when it finally looks like it's going to happen, I'm not going to keep 50% of my money tied up for a potential 2% gain.

Yeah, this may be the pullback we've been looking for. It's nice to have cash when all this stuff is going on sale. Spent 18% of my account's worth on stocks on Friday, leaving me 82% in cash. If Monday's down, I'll buy some more stuff.

 

[JEDI]

greece lawmakers approve 2nd round of austerity cuts.

but euro finance ministers want an additional $325M more b4 releasing 2nd round of bailout $.

still, i think markets will rise modestly tromorow

 

[Arachnotronic]

greece lawmakers approve 2nd round of austerity cuts.

but euro finance ministers want an additional $325M more b4 releasing 2nd round of bailout $.

still, i think markets will rise modestly tromorow

I'm going to try to nab some NVDA before the markets get too excited and everything goes up. Thinking 150-200 shares...

 

[hiromizu]

what do you guys think about the big cigarette companies like MO, RAI and PM? they seem to have solid total returns and resilience during downturns.

 

[IHateMyJob2004]

what do you guys think about the big cigarette companies like MO, RAI and PM? they seem to have solid total returns and resilience during downturns.

I can't remember the comapny off hand, but there is a large tobacco farming company out there. Tobacco farmers are not exposed to lawsuits like cigerette comapnies are. After all, tobacco does not cause cancer, tobacco used in cigerettes do.

Anyway, I look at tobacco this way. In 100 years as other nations develop, health consciousness will improve. And the side effect is that less people will smoke. Of course, you can just charge more. But I personally do not like the long term uncertainty. Could be a good place for cigar butt investing (no pun intended) though. If you can get one of those comapnies VERY cheap it might make sense.

 

[Pliablemoose]

You're going to be around in 100 years?

You have a very long window...

 

[Imp]

Ugh... where is that volatility?

So, no one really expected Greece to eff the dog over the weekend, as seen by the lack of action today.

AAPL 1 year chart looks weird: it's an almost perfect exponential-function plot. Gotta form a new base at some time...

 

[DaWhim]

what do you guys think about the big cigarette companies like MO, RAI and PM? they seem to have solid total returns and resilience during downturns.

PM is a very nice investment if you are a foreign investor. why? because only about 5% of their dividend is consider taxable. normal tax is 30% unless you are qualify for treaty rate.

 

[hiromizu]

I can't remember the comapny off hand, but there is a large tobacco farming company out there. Tobacco farmers are not exposed to lawsuits like cigerette comapnies are. After all, tobacco does not cause cancer, tobacco used in cigerettes do.

Anyway, I look at tobacco this way. In 100 years as other nations develop, health consciousness will improve. And the side effect is that less people will smoke. Of course, you can just charge more. But I personally do not like the long term uncertainty. Could be a good place for cigar butt investing (no pun intended) though. If you can get one of those comapnies VERY cheap it might make sense.

I understand your point from a current domestic perspective and value investment perspective but how about it's growth in emerging markets where they just perceive smoking as a secondary health hazard and also consider the product portfolio changes these companies can make in order to continue meeting their marketability and relevance in developed, health conscious countries?

For example I believe it was Altria or one of the big ones that purchased an alcohol beverage company (ironic isn't it considering..) I mean if they can continue to increase profits over a 10 year period while there had been production cost increases and tax increases since, I'm sure they'll meet similar challenges ahead and deal with it accordingly. It's not like people are going to drop bad habits overnight either.

If you go to Morningstar and check out their theoretical investment performance chart which includes the compounded effect of dividends, it looks even better than some of the riskier mutual funds.