***Official*** 2012 Stock Market Thread

[Imp]

You've missed quite the rally.. I only say this because I don't want you to buy something thinking we've remained flat for the past 2-3 weeks.. STX +18% since 08/01/2012, AAPL and GOOG +7%. Even AMAT, which disappointed, is up 10%. FIO is up 55.76%. and so on..

INTC has been fairly suppressed. up 1.54% since Aug 1st. It did pay a .225 cent dividend.

Choose wisely sir.

I got most of the rally from bottom up to 2-3 weeks ago. The "market" has been relatively flat the past few weeks, although it has moved upwards.

Been too busy at work (shitload of OT) to really pay attention to stuff to buy. On the other hand, everything is looking like it's hitting resistance. We'll see if it's breakout or tank. Not many "OMFG, Europe and Greece" headlines lately. Wonder if it'll be Israel and Iran's bullshit that tanks it.

Oh, and I'm thinking about throwing a little bit of play money into FB for shits and giggles. Huge sell off seems ripe for a rally, no matter how justified it is.

 

[Blades]

I got most of the rally from bottom up to 2-3 weeks ago. The "market" has been relatively flat the past few weeks, although it has moved upwards.

Been too busy at work (shitload of OT) to really pay attention to stuff to buy. On the other hand, everything is looking like it's hitting resistance. We'll see if it's breakout or tank. Not many "OMFG, Europe and Greece" headlines lately. Wonder if it'll be Israel and Iran's bullshit that tanks it.

Oh, and I'm thinking about throwing a little bit of play money into FB for shits and giggles. Huge sell off seems ripe for a rally, no matter how justified it is.

Put it in the fireplace, at least it'll make you feel warm. Or put it in ARR, AOD, AGD, FULL, GLAD, PSEC, SJNK - OR if you're going to put money into FB. Write covered calls.. In the money covered calls. Because todays in the money.. is tomorrows out of the money.

This is all a pretty good sign to buy, since everyone is so negative.. but meh.. There are better things to put $$ into.

 

[TheNinja]

Time to take some AAPL profits or let 'er ride? 13% in 4 months for me. I guess the short term cap gains might hurt but cashing out now is an OK chunk of change.

 

[Blades]

Sell calls sir. In fact, sell out of money calls that expire after cap gains.

 

[MontyAC]

Apple closed at all time high. :thumbsup:

 

[Mermaidman]

LCC

Not sure whether to sell now for a modest profit, or wait a few months for likely merger with American Airlines. :\

 

[Imp]

Put it in the fireplace, at least it'll make you feel warm. Or put it in ARR, AOD, AGD, FULL, GLAD, PSEC, SJNK - OR if you're going to put money into FB. Write covered calls.. In the money covered calls. Because todays in the money.. is tomorrows out of the money.

This is all a pretty good sign to buy, since everyone is so negative.. but meh.. There are better things to put $$ into.

Got bored so I looked up those things in your list... Holy shit, do I not do much of any research. Didn't know there were dividend funds with 10+% yields. All I can think of is high-risk or scam, but their "stock" prices are pretty stable.

 

[JTsyo]

This time I'm going to count on the rumors not being real, sell OCZ and try to buy back in when it drops back to $5.

 

[IHateMyJob2004]

Anyone looking at SPLS?

https://www.google.com/finance?client=ob&q=NASDAQ:SPLS

Down big time on reduced outlook.

Pros:
FCF easily covers dividend
div yield is 4%
FCF over $1 billion, market cap is $8B
aggreessively buying back shares
Reducing debt
increasing total equity.

Cons:
Doing OK in US
Overseas, not doing so hot
Revenues are slipping

Catalysts:
Office Depot and/or Office Max could go under, increasing SPLS market share. I need to research this idea more.
I just started on this

 

[Blades]

Got bored so I looked up those things in your list... Holy shit, do I not do much of any research. Didn't know there were dividend funds with 10+% yields. All I can think of is high-risk or scam, but their "stock" prices are pretty stable.

CFP is an example of a scam... but those are great.. IGD, IID, IRC, FSC <-nice,

Here are two that have me feeling quite clever.. I bought each at around 10.50 - EOI and EOS.. Both trade at ~12% discount to their NAV and their holdings are great - AAPL, GOOG, MSFT, and so on..

Use morningstar.com to check out the discount/premium and holdings of ETFs and CEFs - it is important. It is also important to check for funds that pay primarily with return of capital. EOS and EOI do lately, but thats fine.. they trade at a discount and have big time winners in their portfolios..

FSC, FULL, IRC, GLAD, PSEC are not CEFs.. primarily asset back mortgage companies.. There is also ARR if you're feeling frisky.. MAIN has been great, but I say that only because I bought at ~22.8 - FULL has been my buddy - It trades slow and steady.. low volatility yet somewhat low liquidity (not recently, bid/ask have been within 1c and demand has been high). I really like the price to stay calm.. so I shudder to think of any of my favorites to start acting like OCZ. GLAD has been acting crazy as of late, PSEC got a little too carried away as well..

CIM is an example of a high risk pain in the ass sketchy PoS.

CRT @ 37 would be ok.. if you don't ever plan on selling (super low volume, really wide bid/ask delta)

I started off with blackrock CEFs yielding above 8.5% (some are still above 8%, barely).. All have been great, but a bit too premium for me to be buying more.. All of the following have had at least 7% price gains since I got in.. CYE, COY, HYV, HYT, BHY, - I know I'm forgetting more.. but those were the first I got.. DSU, BHD, HIS (no!) also come to mind.

Delaware investments.. between DDF and DEX.. DDF yields less but its discounted, DEX is at a premium.

For people that like INTC.. ZTR has them as one of their top holdings.

I must've named 50 tickers just now. But I'm really into Closed End Funds. DMO @ 24.. Trades at a premium, yet has a boatload of as of yet undistributed income.. Is paying out a div twice in September.. Thats another thing to look for - some funds will often give investors a little bonus round at the end of the year.. look for those nice fellas (look at the distribution history).

One more thing.. All of these are monthly payers. If you're into it.. most quarterly payers are discounted - The thing I don't like about quarterly dist/divs is that just one cut can completely blindside you.

 

[Blades]

Anyone looking at SPLS?

https://www.google.com/finance?client=ob&q=NASDAQ:SPLS

Down big time on reduced outlook.

Pros:
FCF easily covers dividend
div yield is 4%
FCF over $1 billion, market cap is $8B
aggreessively buying back shares
Reducing debt
increasing total equity.

Cons:
Doing OK in US
Overseas, not doing so hot
Revenues are slipping

Catalysts:
Office Depot and/or Office Max could go under, increasing SPLS market share. I need to research this idea more.
I just started on this

http://finance.yahoo.com/q?s=lo&ql=1

Lorillard also fits that bill - with much more upside.. I feel like such a jerk off for selling at a loss after earnings. I think 124 was what I sold at - They make Newports. They also bought an e-cig company.. Only stock play on e-cigs.. if thats ur thing

 

[KB]

Anyone looking at SPLS?

https://www.google.com/finance?client=ob&q=NASDAQ:SPLS

Down big time on reduced outlook.

Pros:
FCF easily covers dividend
div yield is 4%
FCF over $1 billion, market cap is $8B
aggreessively buying back shares
Reducing debt
increasing total equity.

Cons:
Doing OK in US
Overseas, not doing so hot
Revenues are slipping

Catalysts:
Office Depot and/or Office Max could go under, increasing SPLS market share. I need to research this idea more.
I just started on this

Staples certainly looks undervalued. I really wish OD or OM would go under because if they do they will drag down staples to an even lower price, just like SuperValues problems dragging down safeway. I don't believe they will go under though as they are still making money.

Another undervalued company getting beaten up is DELL.

Pros:
Forward PE of < 7
They intiated a dividend plan 0.08/shr
Buying back shares
Buying it solution businesses
Growing Enterprise solutions revenue

Cons:
Slumping PC sales hurting revenue ( could be caused by people waiting on Windows 8)
Nothing to compete against Apple

May buy them and Marvell, who has also been beaten up for cyclical slumping tech spending too if I can move some money around.

 

[zimu]

Gents, random question. What's to stop an investor to hop between companies' ex-dividend dates and make multiple dividend incomes?

e.g.:

ARR ex-dividend date = 12 september
AOD ex-dividend date = 19 september

Buy ARR before 12th September, sell on 13th September. THen buy AOD and sell on 20th September.

Theoretically you get both the dividends?

 

[Blades]

On the ex-div date the price decreases by the amount of the dividend. I suppose a decent trick would be to look for payouts to have uneven, or fractional payouts. But the best thing to do would be to buy both (small amounts) and enroll in the DRIP program. ARR especially, thats really attractive at 7.13

 

[Blades]

Whoever criticized PSEC needs to hang themselves.. quickly.

 

[LordNoob]

Does anyone know if you can do DRIP investing in stocks via Scottrade? If so, what is the cost, if any? Thanks.

 

[IHateMyJob2004]

Gents, random question. What's to stop an investor to hop between companies' ex-dividend dates and make multiple dividend incomes?

e.g.:

ARR ex-dividend date = 12 september
AOD ex-dividend date = 19 september

Buy ARR before 12th September, sell on 13th September. THen buy AOD and sell on 20th September.

Theoretically you get both the dividends?

Theoretically, the company is worth less by the exact amount of the dividend since the company has tht much less cash on hand.

Theory doesn't really reflect reality though.

What needs to be done is for someone to take a basket of high grade 3%+ yielders and do a real study on this.

 

[IHateMyJob2004]

Does anyone know if you can do DRIP investing in stocks via Scottrade? If so, what is the cost, if any? Thanks.

DRIPs are typically directly through the company in question.

 

[Kwatt]

Does anyone know if you can do DRIP investing in stocks via Scottrade? If so, what is the cost, if any? Thanks.

You can DRIP some funds. Not stocks. I have been told by them since 2008 that it is being "worked on"....


.

 

[Imp]

Gents, random question. What's to stop an investor to hop between companies' ex-dividend dates and make multiple dividend incomes?

e.g.:

ARR ex-dividend date = 12 september
AOD ex-dividend date = 19 september

Buy ARR before 12th September, sell on 13th September. THen buy AOD and sell on 20th September.

Theoretically you get both the dividends?

As others have said, theoretically it loses the value of the dividend payout on the ex-div date. In reality, I've seen a lot of stocks rise back up in share price within a few days (same day even).

 

[Hugo Drax]

You can DRIP some funds. Not stocks. I have been told by them since 2008 that it is being "worked on"....


.

It depends on the Broker, some offer DRIP on stock and some will even offer fractional purchases in the DRIP program.

The best program would be a broker that offers a DRIP that supports fractional share purchases.

 

[lothar]

http://finance.yahoo.com/q?s=lo&ql=1

Lorillard also fits that bill - with much more upside.. I feel like such a jerk off for selling at a loss after earnings. I think 124 was what I sold at - They make Newports. They also bought an e-cig company.. Only stock play on e-cigs.. if thats ur thing

What is your opinion on PM vs LO?
I've owned PM for almost 2 years now(if not a bit longer).

 

[lothar]

Staples certainly looks undervalued. I really wish OD or OM would go under because if they do they will drag down staples to an even lower price, just like SuperValues problems dragging down safeway. I don't believe they will go under though as they are still making money.

Another undervalued company getting beaten up is DELL.

Pros:
Forward PE of < 7
They intiated a dividend plan 0.08/shr
Buying back shares
Buying it solution businesses
Growing Enterprise solutions revenue

Cons:
Slumping PC sales hurting revenue (could be caused by people waiting on Windows 8)
Nothing to compete against Apple

May buy them and Marvell, who has also been beaten up for cyclical slumping tech spending too if I can move some money around.

I started looking at Dell also, but I'm concerned Windows "Metro"(AKA Windows 8) sales will be a flop.
My main concern about DELL is that it may be a value trap. It looks so to me on paper, at least.

I owned HP stock for years in the past. In fact, it was one of my longest holdings back then.
I sold it the day HP's board foolishly fired Mark Hurd.
There's only one tech company I know that has a more dysfunctional board than HP...Let's see if someone can mention it.

I made personal rule not to own more than one tech stock at a time.
First I owned HP, and now WD.
I don't see myself dumping WD for DELL anytime soon.

 

[lothar]

Does anyone know if you can do DRIP investing in stocks via Scottrade? If so, what is the cost, if any? Thanks.

Scottrade does NOT offer dividend re-investment.

 

[LordNoob]

Thanks to everyone who answered my DRIP question.