No Fed rate hike today, no one was expecting one. Guess we'll do what we did last year and bet on the next month and the next month and they'll hike it once in December to save face. Woohoo, 1% effective rate by 2018!
Posted 1/21/17..
If you ever get a hot stock tip from a kid at Walmart....BUY!!!
You know those IBM calls I mentioned? Well, I sold the stock right away but if I'd held on to it for just a couple of days, it went up by $8/share. D'oh!If you ever get a hot stock tip from a kid at Walmart....BUY!!!
I heard that March is probably off the table as well. Most likely June and then Fall. Just two hikes this year.No Fed rate hike today, no one was expecting one. Guess we'll do what we did last year and bet on the next month and the next month and they'll hike it once in December to save face. Woohoo, 1% effective rate by 2018!
I heard that March is probably off the table as well. Most likely June and then Fall. Just two hikes this year.
Bought some Under Armour today. Stock got killed yesterday after poor earnings and everyone downgraded and jumped ship. I like the company and its products. I think the company works through its current struggles and the international expansion will pay big dividend for the company in the future. Stock is heavily shorted so that's even better.
I have been looking at UA for a while. They have good growth and a growing brand. The big issues I have with UA are the shareholder shenanigans Kevin Plank is playing with shares. He has converted most to non-voting shares which means the company will never be a buyout candidate and he can do whatever he wants.
Second they are borrowing money to spend it on huge expensive endorsement deals with colleges and athletes. This is necessary in this business however they are outbidding Nike and Adidas who have more cash than they do. These issues keep me on the sidelines.
MSN Money used to have articles called Stock Scouter. It had 10 best of each month to buy with ratings and reasoning for the ratings. I used it to buy a couple of stocks after looking into them a bit more. Boston Scientific was one the system brought to light for me. I bought in at 6.53 and I'm up 266% on it.
Did anyone else use this system? Have you found another alternative?
Here's an article I found on it.
http://blog.optionsamurai.com/stockscouter-gone-5-free-replacements/
I don't make a lot of trades. My style has shifted into more of an index fund, long strategy. I will pounce on some value investments and some blue chip stocks.
I've just funded my ROTH and need to figure out where to stash it.
The BSX purchase was one I made because I didn't have much left over from other trades but I didn't want the money just sitting there. I didn't feel like spending the commission for a single share so it was a little of a long shot that could pay off. I am looking for another sub $10 solid long shot.
Looking at google finance, I started in my ROTH 10/10/2008. Since then, my Roth is up 72.57% while the Dow is up 92%. Some of my current mutual funds from my 401K, had I been in them for the same time period are up more.
VFINX +88
VIMSX+116
VMVIX+112
NAESX+111
Sadly, my entry point in the above makes it far less lucrative than had I been in them from the start.
I have doubts about new U.S. sanctions impacting oil supplies from Iran. The nuclear deal last year involved the U.S., Russia, China, and France/Germany. There was already talk before the deal that if the U.S. didn't sign on, many of the other countries would not keep sanctions going.
Guess they can send a carrier group to the Gulf.
I read an article that basically said the stock market could hit 30k by 2025. There image variables of course, like if we go to war, if we have a trade war w/ Mexico and China. So, much of it depends on the Trump policies. Which makes the Dow Jones hitting 30k unlikely. You never know though.
pretty sure US didn't import much oil from Iran before the sanctions
This could be good... New mine opening in my city, stock is about 0.17 right now. Think I'm going to invest.
http://www.timminspress.com/2017/02/03/work-progressing-on-timmins-next-new-mine
http://finance.yahoo.com/quote/gwa.v?ltr=1
Well, that's not necessarily the point I was making. My suggestion was that speculators like to speculate, especially those trading oil. Back before Obama joined other countries to ease sanctions on Iran, their oil was officially blocked from world markets (those countries that sanctioned Iran for nuclear development over the last 20 years). Therefore their oil infrastructure was very poor, outdated and in desperate need of expansion, upgrades and repair as they could only sell "under the table" to people who risked being financially blacklisted by most countries for buying their oil. This explains why Iran did not join other nations in limiting supply starting in January, so they could upgrade their infrastructure.
Now Iran decides to stick the middle finger to Trump and test fired a ballistic missile in defiance of agreements on 1/30/17. If they keep pushing Trump's buttons, you can bet we will push hard to take Iranian oil back off world markets.
Just me speculating tho.
with the way Trump is handling diplomacy with countries outside of Russia, Trump won't find many countries willing to enforce sanctions with him