General Stock Talk Thread

[ecto]

i feel that the 401k thread is too narrow and would like to start this thread to get a conversation going about all things related to the market, whether it be mutual funds, hedge funds, 401ks, or individual companies

this thread is nothing like i intended it to be. we had steam for like five pages and then all the casual people left and it turned into me coop john locke totally and gentlemen talking about shit, or not really talking about shit just saying things. i hope this thread changes direction but i doubt it will happen

[glock mane]

diversify your bonds

[Broncobama]

invest in corn

[ecto]

the last time we had a thread remotely like this it was verbal's economics thread, which wasn't really an economics thread so much as him c/ping articles from zero hedge about goldman sachs

i want to create real discussion in here. let's make money together hipinion

[Broncobama]

are there any good low minimum trading sites left?

[ecto]

scottrade and td ameritrade are probably the best

[wolfie]

you wanna roast the bones first for more flavor

[ecto]

retail sales up 1.6% for march
s&p cracks 1200 for first time since september 08

[Shotfrog]

I remember telling myself in March of 2009 that there was no good reason not to load up on BAC, but I didn't do it because I was terrified.

[ecto]

citi is up to 4.80

[Ankh]

got a bunch of Chase shares in late 07 when they were worth around $40 each from my grandfather when he passed away.

My cousins unloaded theirs last year when they were down to about $20/share, thinking they would be worthless in our impending communist union. Now it's back up to almost $50 each.

Laughing all the way to th

[jbiz]

i bought 13 shares of citi at like 4.63 or so early last year. about time they came around!

i also own 150 shares of jones soda at 89 cents.

i'm going to start investing more, even in my own ira, since i got a raise recently.

[coop]

congrats jbiz, good thread ecto

does the low volume of this rally worry you guys at all? jpmorgan was certainly good news today though

[Ankh]

jpmorgan was certainly good news today though

yeah, I'm just hoping they raise the dividend soooooon.

[olmos]

I'm only holding Ford right now. Got in at 10.55 and haven't decided when to pull out.
World Market(CPWM) is something I've been meaning to get into the past few months, but I've been too chickenshit to commit. In this period of constant indecisiveness it has gone up about 200%.

[ecto]

congrats jbiz, good thread ecto

does the low volume of this rally worry you guys at all? jpmorgan was certainly good news today though

seems pretty reasonable, the market's finally having rational movement after the most volatile year in its history so something like retail sales beating projections probably shouldn't do all that much to the market

[jbiz]

http://krugman.blogs.nytimes.com/2010/04/13/paging-larry-kudlow/

[ecto]

the tourism industry is another one i like a lot, all across the board. i got into hyatt in february because william ackman was bullish and i'm up 30%

[monkier]

The only stock I still have is American Capital (ACAS). But I only have 200 shares left, which I bought when it was at about $3.85. It's currently $5.62. Wish I'd bought more while I had the chance.

[Shotfrog]

http://krugman.blogs.nytimes.com/2010/04/13/paging-larry-kudlow/

http://www.balloon-juice.com/2010/04/13 ... recession/

[Cynwad]

I'm heavily invested in retail and tech right now, particularly in the AAPL, RIM, Amazon supply chains

Retail is a little bit of a stretch, since every talking head on tv and on the internet says that retail is a tough sector, but I somehow feel better investing in an area that I can easily understand rather than something like banking or energy, since basically the retail sector depends on sales vs inventory. GPS (The Gap) worked out really well for me all of last year, but going to sell it off soon.

[ecto]

apple's pretty expensive right now but if morgan stanley's projections about 4g iphone sales are right, expect that stock to go up to 400

[Cynwad]

On a pure P/E standpoint, Apple's stock is not super-expensive in the least bit, compared with competitors with a similar growth rate.

Apple is a mature large-cap that's growing at a rate of a small to mid-cap growth stock. And that's scary.

[The Puma Man]

Been making bank in penny stocks, although I don't think those are really up your guys' alley. None of these investments are long term, and you have to set stops, or else be constantly watching the stock, because there's no telling where the stock's gonna go.

Initially learning how to trade penny stocks kinda sucks, because everywhere you go there's someone trying to get you to buy a certain stock so it'll rise in price and he can sell it (pump and dump), but eventually you learn how to take advantage of crap like this and can learn to take advantage of this stuff.

[ecto]

i watched my friend lose 80% of his scottrade account overnight on OTC stock GETA so yeah, not a fan

[coop]

WASHINGTON – A flurry of reports out Wednesday suggested that many Americans are feeling better about the economic rebound.

Retail spending rose sharply and more than expected. Consumer inflation remains all but invisible. Businesses are boosting their stockpiles in anticipation of higher shopper demand.

And Federal Reserve Chairman Ben Bernanke expressed confidence that the recovery will endure, though without enough strength to quickly reduce unemployment much.

The latest evidence of a gradually strengthening recovery was a third straight month of retail sales gains reported by the government. Better weather and auto incentives brought shoppers out in force in March.

http://news.yahoo.com/s/ap/20100414/ap_on_bi_go_ec_fi/us_economy

[The Puma Man]

i watched my friend lose 80% of his scottrade account overnight on OTC stock GETA so yeah, not a fan

Haha, see that's an example of someone doing it wrong. You shouldn't put more than 10% or so of your investments in any single stock (when trading penny stocks). I think the big problem is people look at the stocks and see how they can triple overnight, and they throw everything in, thinking heck, maybe the risk is worth it. When you've got a dud of a stock that only represents 10% of your investment, it's a lot easier to cut it loose and take the losses.

[ecto]

citi closed at 4.93

[Milquetoaster Strudels]

I was looking at investing in a bunch of banks, particularly US Bank, right after the market downturn, but I was a poor college student at the time.

On the plus side, I wasn't able to invest in Berkshire Hathaway near the height of its value in 2008, so I didn't end up losing copious amounts of money on that, so that's good.

[Cynwad]

Been making bank in penny stocks, although I don't think those are really up your guys' alley. None of these investments are long term, and you have to set stops, or else be constantly watching the stock, because there's no telling where the stock's gonna go.

Initially learning how to trade penny stocks kinda sucks, because everywhere you go there's someone trying to get you to buy a certain stock so it'll rise in price and he can sell it (pump and dump), but eventually you learn how to take advantage of crap like this and can learn to take advantage of this stuff.

These guys basically spend their days planting seeds, spamming day-trade message boards, and then playing margins.
It's really a full time job, and the guys who don't put in the effort usually end up on the short-end of it.