It depends. I currently have 4 different strictly investment accounts. At present I have 6 mutual funds, 1 REIT, 1 foreign investment fund, and the rest is all in individual stocks. Between the different accounts I have about 30 individual stocks at the current time. I tend to stick with things longer than some though. If I buy something it's because I've researched it and have followed it. I just dipped my toes in the water yesterday and bought 800 shares of a stock with a 9.8% dividend yield that I've been following for 5+ years. I previously owned it but sold it for a gain and just now bought back in after all these years of continuing to watch it. Time will tell if I made the right time to get back in. But the yield will make holding it that much easier. Seth and I tend to agree on chasing yield. I'm all about making the stock work for me and then reinvesting the dividends.
yo. i dont know the first thing about stocks, but I just sat next to a computer engineer on the plane who was talking to me about the future of technology. what do you guys think/know about intel?
I know that I have quite a few shares of INTC already Robin in one of my accounts! Not to mention it is Jim Cramer's pick for top 3 stocks of the year for 2011. That would be nice.
yo. i dont know the first thing about stocks, but I just sat next to a computer engineer on the plane who was talking to me about the future of technology. what do you guys think/know about intel?
cpus aren't going anywhere but they are going to have some problems in shrinking the lithography, hence the research into using lasers instead of electrons in computers...
I wouldn't be excited about AMD or INTC, I'd be more excited about "cloud computing" or processors on smartphones. Maybe lithium batteries for smart phones? The PC technology sector has some room for growth, but the biggest returns (and highest risks) will come from other technologies still in their infancy.
I know that I have quite a few shares of INTC already Robin in one of my accounts! Not to mention it is Jim Cramer's pick for top 3 stocks of the year for 2011. That would be nice.
Isn't Jim Cramer's pick usually a reason to SELL? Pretty sure I've seen studies that (1) show a monkey throwing darts to be more accurate than Cramer, and (2) show Cramer to be an excellent contrarian indicator.
Dude, I've owned INTC for 2 years. I've been collecting the dividend the entire time and loving it. Today the yield is 3.46% at $21.16. I'm in at $16.06. I originally bought 800 shares and I sold off half of them when it popped over $22 last April. So I've got 400 shares already turned a profit on the other 400 and I'm collecting a fat yield. I'd say I'm darn happy with INTC.
Missed alot of the runup, but got some of AMRN today. Looking for a near-term target of around $10, then might just hop out. Figured it was a good time to buy after a 5 day profit taking pullback on low volume.
Looks like they've had excellent results from a MARINE study, where the drug did what it was supposed to do, without raising LDLs (Bad Cholesterols). Stock should run from that news alone (and buy out rumors) until the ANCHOR study results are reported, tentatively late first quarter 2011. That's when good results would send this one even higher, or bad results would drop it off a cliff.
Still room on the ride up to $10 if anyone wants in. Sad about missing the SOL ride, but AMRN was a good switch over.
Dude, I've owned INTC for 2 years. I've been collecting the dividend the entire time and loving it. Today the yield is 3.46% at $21.16. I'm in at $16.06. I originally bought 800 shares and I sold off half of them when it popped over $22 last April. So I've got 400 shares already turned a profit on the other 400 and I'm collecting a fat yield. I'd say I'm darn happy with INTC.
I'm just saying that "new buyers" should be really careful when taking Cramer's advice at face value.
everything is a buy to cramer. he doesnt really give much advice. he DOES know what he is talking about and is a very, VERY rich man, so he obviously knows how to play the game, but he obviously isnt perfect. he IS, however, good for television. he makes good calls and bad calls, just like everyone, but unlike the vast majority, he is loaded!
Note to self, never pass up a buy opportunity on a high volume bounce. I watched TUES finish yesterday up about 4% on 2x daily volume, after a sell off on 7 of out 8 days. Liked that, but didn't have the courage to buy.
Nope I missed it. Can't believe it, but if you play the "what if" game in stocks, you'll always be batting 1.000. I even bumped the "TUES" thread yesterday on Hotstockmarket and said "Might be a good play for a run to $5", just didn't think it would happen all in one day!
Well I did my research on them yesterday, and from their most recent financials, they have a raw book value of almost $6 / share. So theoretically, this thing could blow right through $5 and run all the way to $6. I hope that doesn't happen, or then I'll really be disappointed I missed it.
The stock dropped 22% after they revised earnings from estimates of $0.49 / share to $0.39 - $0.41. It's the drop that wasn't sustainable, not this current run.
Yeah, I see that the first drop was kind of overcompensating for the downward revision, but if their book value is actually $6/share why were they averaging around $5.30/share prior to the drop? What other factor was at play?
Dipped my toes in NXG this morning at $2.4999. Only looking to play a short term bounce here, let's see what happens. Didn't have quite as pretty of a setup as TUES (which I completely missed yesterday) but still is showing oversold, at a 52 week low, and yesterday was a modest gain on 2x average volume. Looking to see how it pans out today.
Dipped my toes in NXG this morning at $2.4999. Only looking to play a short term bounce here, let's see what happens. Didn't have quite as pretty of a setup as TUES (which I completely missed yesterday) but still is showing oversold, at a 52 week low, and yesterday was a modest gain on 2x average volume. Looking to see how it pans out today.
So far up 5%, might let it run a few days before hopping out. Grabbed 700 shares.
Also, going to be real easy money to be made if you play the EK bounce. Just wait for the volume in the sell-off to fizzle out, then let it bounce after one day of modest gains on above average volume. That'd be your entry point, probably ride it for a good 10-15% easy. Maybe even as high as 25-30%, depending on your entry point. Don't try to catch the knife though, let if fall.
I see a support line around $3.55, but I wouldn't be surprised if the stock over corrects and tumbles even lower. Just wait for the volume, then enter and take your money.
Yeah, based on what happened with TUES, EK is definitely worth keeping an eye on.
Serious question about NXG, though...I've never quite understood how companies that appear to consistently lose money have any value at all. What is the thinking here, with stocks like this in general? Is it just about trying to be in the game when they finally turn a profit? (obviously, I realize that this isn't why YOU'RE trading it, since you're looking for oversold stuff and getting out after you turn a quick profit)
Yeah, based on what happened with TUES, EK is definitely worth keeping an eye on.
Serious question about NXG, though...I've never quite understood how companies that appear to consistently lose money have any value at all. What is the thinking here, with stocks like this in general? Is it just about trying to be in the game when they finally turn a profit? (obviously, I realize that this isn't why YOU'RE trading it, since you're looking for oversold stuff and getting out after you turn a quick profit)
NXG has $750M assets to $198M liabilities, and they are definitely making a good gross profit. It's just that something is happening to destroy their net profit, which I think has to do with one of their mines in Australia. The company has also announced that they expected problems with this mine, but they would be resolved by 2012 and have it running very efficiently.
But who cares if a company loses money. They can still exist through debt funding, or having a rich CEO who funds the business himself. Of course those business models would eventually lead to a companies demise, but the market doesn't care about 5 years from now, it cares about today.
Well, in theory, the market should care whether a company is losing money or not, but I guess for non-dividend stocks it kind of muddies the waters on that line of thinking.
Well, in theory, the market should care whether a company is losing money or not, but I guess for non-dividend stocks it kind of muddies the waters on that line of thinking.
Well then think of it like this, the market does care, but it is already priced into the stock because the market is efficient. You look at the stock for the first time and think "This company isn't making money", but they weren't making money yesterday or the day before either. The market is fully aware of the company's financial status, so there should be an equilibrium price point for it.
Nothing changed to drop it 15-20%, so banking on a 10% correction is quite an easy play.
Yup, it's called "dumb money". Remember that 80-90% (or whatever number you pick) of the market that loses? It's them panicking and selling for no reason, then smart money comes in and buys the bounce. That's exactly what happened with my SOL position, I panicked and sold with the dumb money.
You see that the best plays are when you wait for the trend to correct itself, then go with the correction. But hey, I've only been in this two months so I'm learning as I go. As long as I don't repeat my mistakes, I think I'll eventually become a very successful trader.
Your only mistake that I saw with SOL was not getting out earlier when you were bragging on your initial profits, since you didn't appear to have a clear exit point other than "summer, no matter what", and then not having a clearly defined stop-loss trigger that allowed you to drop 9%+ in a single day.
Some of these other plays your mentioning seem pretty decent, as long as trailing stops are in place and you have an exit point that doesn't get too greedy and wait too long.
Comments
yo. i dont know the first thing about stocks, but I just sat next to a computer engineer on the plane who was talking to me about the future of technology. what do you guys think/know about intel?
cpus aren't going anywhere but they are going to have some problems in shrinking the lithography, hence the research into using lasers instead of electrons in computers...
http://www.sciencedaily.com/releases/2010/02/100204144555.htm
i'm looking more into energy technology myself - i always thought "mr fusion" from back to the future 2 was cool.
I know that I have quite a few shares of INTC already Robin in one of my accounts!
Isn't Jim Cramer's pick usually a reason to SELL? Pretty sure I've seen studies that (1) show a monkey throwing darts to be more accurate than Cramer, and (2) show Cramer to be an excellent contrarian indicator.
Missed alot of the runup, but got some of AMRN today. Looking for a near-term target of around $10, then might just hop out. Figured it was a good time to buy after a 5 day profit taking pullback on low volume.
Looks like they've had excellent results from a MARINE study, where the drug did what it was supposed to do, without raising LDLs (Bad Cholesterols). Stock should run from that news alone (and buy out rumors) until the ANCHOR study results are reported, tentatively late first quarter 2011. That's when good results would send this one even higher, or bad results would drop it off a cliff.
Still room on the ride up to $10 if anyone wants in. Sad about missing the SOL ride, but AMRN was a good switch over.
Dude, I've owned INTC for 2 years. I've been collecting the dividend the entire time and loving it. Today the yield is 3.46% at $21.16. I'm in at $16.06. I originally bought 800 shares and I sold off half of them when it popped over $22 last April. So I've got 400 shares already turned a profit on the other 400 and I'm collecting a fat yield. I'd say I'm darn happy with INTC.
I'm just saying that "new buyers" should be really careful when taking Cramer's advice at face value.
Obviously you have a lot of wiggle room.
And of course, up 14% today. Note taken.
ETA: I see the $5 comment, above, now.
The stock dropped 22% after they revised earnings from estimates of $0.49 / share to $0.39 - $0.41. It's the drop that wasn't sustainable, not this current run.
On a side note, when I was little, I loved that game and was actually interested in the stock market because of it.
Dipped my toes in NXG this morning at $2.4999. Only looking to play a short term bounce here, let's see what happens. Didn't have quite as pretty of a setup as TUES (which I completely missed yesterday) but still is showing oversold, at a 52 week low, and yesterday was a modest gain on 2x average volume. Looking to see how it pans out today.
So far up 5%, might let it run a few days before hopping out. Grabbed 700 shares.
Also, going to be real easy money to be made if you play the EK bounce. Just wait for the volume in the sell-off to fizzle out, then let it bounce after one day of modest gains on above average volume. That'd be your entry point, probably ride it for a good 10-15% easy. Maybe even as high as 25-30%, depending on your entry point. Don't try to catch the knife though, let if fall.
I see a support line around $3.55, but I wouldn't be surprised if the stock over corrects and tumbles even lower. Just wait for the volume, then enter and take your money.
Serious question about NXG, though...I've never quite understood how companies that appear to consistently lose money have any value at all. What is the thinking here, with stocks like this in general? Is it just about trying to be in the game when they finally turn a profit? (obviously, I realize that this isn't why YOU'RE trading it, since you're looking for oversold stuff and getting out after you turn a quick profit)
Yeah, based on what happened with TUES, EK is definitely worth keeping an eye on.
Serious question about NXG, though...I've never quite understood how companies that appear to consistently lose money have any value at all. What is the thinking here, with stocks like this in general? Is it just about trying to be in the game when they finally turn a profit? (obviously, I realize that this isn't why YOU'RE trading it, since you're looking for oversold stuff and getting out after you turn a quick profit)
NXG has $750M assets to $198M liabilities, and they are definitely making a good gross profit. It's just that something is happening to destroy their net profit, which I think has to do with one of their mines in Australia. The company has also announced that they expected problems with this mine, but they would be resolved by 2012 and have it running very efficiently.
But who cares if a company loses money. They can still exist through debt funding, or having a rich CEO who funds the business himself. Of course those business models would eventually lead to a companies demise, but the market doesn't care about 5 years from now, it cares about today.
Well, in theory, the market should care whether a company is losing money or not, but I guess for non-dividend stocks it kind of muddies the waters on that line of thinking.
Well then think of it like this, the market does care, but it is already priced into the stock because the market is efficient. You look at the stock for the first time and think "This company isn't making money", but they weren't making money yesterday or the day before either. The market is fully aware of the company's financial status, so there should be an equilibrium price point for it.
Nothing changed to drop it 15-20%, so banking on a 10% correction is quite an easy play.
You see that the best plays are when you wait for the trend to correct itself, then go with the correction. But hey, I've only been in this two months so I'm learning as I go. As long as I don't repeat my mistakes, I think I'll eventually become a very successful trader.
Some of these other plays your mentioning seem pretty decent, as long as trailing stops are in place and you have an exit point that doesn't get too greedy and wait too long.