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Stock Thread (31 Viewers)
- Thread starter St. Louis Bob
- Start date
cstu
Footballguy
⚡DEADHEAD⚡
Footballguy
He doesn't have much choice if he wants to participate in future IPOs.
Back in the late 1990s, I got 100 ebay shares at ipo price. Something like $14. Day one it was something like $55. Crazy stuff. Held on for the same reason. Can't recall what I sold it for.
E*Trade was good like that.
St. Louis Bob
Footballguy
DDD just on a tear
Redwes25
Footballguy
Unbelievable, I keep wanting to take money off the table but the stock is just going crazy.
St. Louis Bob
Footballguy
Brony
Footballguy
For any tortoise-type investors, anyone else looking at scooping up some of these fixed income securities trading well below par value? Seems like if you're willing to hold out til 2017 or 2018, there's a good number of preferred stocks trading around 20 or 21. Collect 5% interest per year + capital gain between 20 and 25 over the next 4 years. Boring, but seems like a reasonable risk to collect 8% per year from a long list of reputable companies.
Yield Hunter link
Yield Hunter link
Al Czervik
Not wearing pants
I'm with you. This one hurts bad. A stock I wanted and wanted to hold for a while... stopped out at $50 and never got back in.DDD
(88554D205)
3D SYSTEMS CORP DEL COM NEW 20.000 +$1,042.03 +$944.95 -- +$97.08ugh...bought on 6/10, held for 2 months, and sold on 8/26 after getting bored.
Though I think people should thank me for the recent run... wouldn't be happening if I was in. I'm the Schleprock of stocks.
St. Louis Bob
Footballguy
Still holding, getting antsy myself.Al Czervik said:I'm with you. This one hurts bad. A stock I wanted and wanted to hold for a while... stopped out at $50 and never got back in.tommyGunZ said:DDD
(88554D205)
3D SYSTEMS CORP DEL COM NEW 20.000 +$1,042.03 +$944.95 -- +$97.08ugh...bought on 6/10, held for 2 months, and sold on 8/26 after getting bored.
Though I think people should thank me for the recent run... wouldn't be happening if I was in. I'm the Schleprock of stocks.
Brony
Footballguy
I think you are right, but I don't think the market value matters so much to their redemption, as the interest rate available to them at that time. Doesn't change your point that the capital gains over next 4 years are by no means guaranteed.
St. Louis Bob
Footballguy
Al Czervik
Not wearing pants
Mystery Achiever
Footballguy
LOL, their ad is the one that is most frequently served to me at My Yahoo homepage. They seem to think I wear plus sizes.
(Never heard of them other than via the ad)
for not being in with you guys.
jason12vb
Footballguy
New to this thread (and investing period), but I jumped in on them a few days ago as well. I'm not a big sandwich shop guy, but I'm a fan of this place and they've got a lot of room to grow. Expect their profit margins to go down as they increase their market share, but it's got a much different feel than the other sandwich places...much more comfortable and less fast-foody.
ETA - "less" fast foody
Last edited by a moderator:
Brony
Footballguy
Good luck to you. I'm not expecting miracles - in the end, they are just a sandwich shop, not creating the next generation CPU or anything.
Bob Sacamano
Footballguy
No reason they can't do both, really. Most people order chips with their sandwiches anyway.
Bob Sacamano
Footballguy
jason12vb
Footballguy
A strong finish to close up 4.2% and up another 14% right now in the aftermarket. Have a feeling there will be a run up in the morning and a sell off...
That being said, I'm in this long term...but I may take a shot at picking up a few extra shares by selling off in the morning and getting back in after a day or two.
Redwes25
Footballguy
Sold 20 percent of holdings today and moved up my stop loss. Really plan to hold long term but never thought I would see 70 anytime zoom when I bought and I sold at over 77.Still holding, getting antsy myself.I'm with you. This one hurts bad. A stock I wanted and wanted to hold for a while... stopped out at $50 and never got back in.Though I think people should thank me for the recent run... wouldn't be happening if I was in. I'm the Schleprock of stocks.DDD
(88554D205)
3D SYSTEMS CORP DEL COM NEW 20.000 +$1,042.03 +$944.95 -- +$97.08
ugh...bought on 6/10, held for 2 months, and sold on 8/26 after getting bored.
Brony
Footballguy
Uhh. remember when I said I was going to hold long term?
Tried to sell my 300 shares at a limit order of 32, but only 100 sold so far. Still, I'll take a one day gain of 20+%!
jason12vb
Footballguy
The Ref
Footballguy
optionmaven
Footballguy
I saw a name scroll across the screen that I had long forgotten about. Does anybody recall the price and timeline we were playing a stock called VISN(vision china media inc.)? Might have even been a Dodds play, but not positive about that. It was well over 200 in January 2010. Then at 100 in January 2011. By July 2012 it was a 5 buck stock. It then settled in at 2 bucks after that and stayed that way until about a month and a half ago. Popped in mid october to near 15, dropped almost back to 5 buck level, and now sitting at 10.50(after reaching 11.50 earlier). Any one with recollections of this one?
mquinnjr
Footballguy
I'm with you, and just trying to keep it in perspective at this point. I'm not going to try to time a sell point, but I feel like a correction will come at some point.
It actually stinks from the perspective of causing an expensive dividend reimbursement market if you're long term (which I am).
It is so cool though to look at my calculated net worth month over month and just smile
Bob Sacamano
Footballguy
Good day for PLG today, despite platinum being down.
siffoin
Footballguy
DING!
On Oct 31 I tweeted the following about TSLA:
"Fearless Forecast: $TSLA makes a run towards $168-$175 in the next few trading days. Then falls to near $100 in the next few months."
3 trading days later, TSLA closed at $176.81. It is now at $135.45. Halfway to my target of $100.
I say this to provide some cover for my next "Fearless Forecast".
The market is near a major high right here and we can expect a drop of 20%+ to begin in the very near future.
Here is my "evidence."
http://steelhedge.com/2013/11/15/major-market-top-at-hand-fearless-forecast-mkt-drop-of-20-begins-soon/
Enjoy. And let's hope I'm wrong. The easy money of this bull market is too much fun.
On Oct 31 I tweeted the following about TSLA:
"Fearless Forecast: $TSLA makes a run towards $168-$175 in the next few trading days. Then falls to near $100 in the next few months."
3 trading days later, TSLA closed at $176.81. It is now at $135.45. Halfway to my target of $100.
I say this to provide some cover for my next "Fearless Forecast".
The market is near a major high right here and we can expect a drop of 20%+ to begin in the very near future.
Here is my "evidence."
http://steelhedge.com/2013/11/15/major-market-top-at-hand-fearless-forecast-mkt-drop-of-20-begins-soon/
Enjoy. And let's hope I'm wrong. The easy money of this bull market is too much fun.
Acme CEO
Footballguy
Siff - nice work as usual. I always slow down and poke around steelhedge when I see you post.
From your recent article, you're looking for a top very soon... when you get near these critical times of potential trend reversals, do you update your models more frequently?
Obviously, we're looking for what you believe is a confirmation of the reversal. Alot of us are sitting on some very lucrative gains from this run and would appreciate the foresight to jump out before we get corrected back to reality.
jamny
Footballguy
Very interesting. Thanks for posting! :subscribe:
I think the Dow and NASDAQ testing 16,000 and 4,000 respectively next week is kinda scary. So many speculative stocks have run up like crazy and you're seeing the big investors going into more defensive stocks while every schmo is looking to get in. Everywhere I go, people are looking to throw some money at this run.
Maelstrom
Footballguy
Thanks siffoin. So...without giving specific financial advice, what does that mean for the average IRA/401K investor? Time to go to cash for a few months? Move into very "safe" investment vehicles?
Any thoughts? How do you go about protecting the gains of the last few years.
Any thoughts? How do you go about protecting the gains of the last few years.
jamny
Footballguy
Sure, for stocks that you trade on your own. He's asking about 401k's. Things you might not control directly.
The Ref
Footballguy
If you buy the Bear case Sell off all your equity funds and leave it in cash. If cash aint an option put it in a bond fund.Maelstrom said:
Siffs one of the best and i can't pretend to speak for him. That said I think the point was to be cautious about what can happen and to highlight how far out the Bull Market has run . The trend is still up and to the right on most charts and I don't think he is calling for everyone to sell it all at the opening bell on Monday.
siffoin
Footballguy
I'll do my best to be perfectly clear. Even if (perhaps that should be spelled "IF") we're at a significant top, the trend right now is still wildly bullish on nearly every significant index - which means most stocks are bullish too. It is difficult for me to envision a scenario where the market would drop from here to year end. But the "technicals" suggest we are at THE high - that's why the "Fearless Forecast" call.
The first thing to do here is relax. A bear trend once established still tends to make a move back towards the old bull trend highs. And the market actually needs to drop (something it just doesn't do anymore) for a bear trend to establish. But with that said, I'd still suggest now is an opportune time for taking stock of your portfolio. For each underlying determine a price point where you believe the trend will flip. Determine a price point where you'd want to take profits. And let the stock come to those thought-through levels before you close the position*. If the market continues to rise - let your winners run.
You might be thinking to yourself, "I'M RICH! Bonds couldn't have hit homers like this had he been on Rhino Roids"
Congrats. But remember- you still have to cross home plate before the home run counts. Meaning- it's not a home run until you actually take profits.
To me the biggest sin of market participation is: letting winners turn into losers. And sometimes the markets' mood can shift quickly from a state of euphoria. If you aren't prepared to cross home plate - before you know it you're caught up in a rundown pickle.
We won't know for a number of months if we're at a significant market top. That will be known in hindsight. But those charts do make for an interesting argument that we're here, and I thought I'd share- the point wasn't to scare.
Good luck!
*Don't ever leave an open Stop Loss (GTC) order. Stops should be "mental". Set an alert for when a position crosses below a certain threshold which will give you an appropriate amount of time to close out the position.
The first thing to do here is relax. A bear trend once established still tends to make a move back towards the old bull trend highs. And the market actually needs to drop (something it just doesn't do anymore) for a bear trend to establish. But with that said, I'd still suggest now is an opportune time for taking stock of your portfolio. For each underlying determine a price point where you believe the trend will flip. Determine a price point where you'd want to take profits. And let the stock come to those thought-through levels before you close the position*. If the market continues to rise - let your winners run.
You might be thinking to yourself, "I'M RICH! Bonds couldn't have hit homers like this had he been on Rhino Roids"
Congrats. But remember- you still have to cross home plate before the home run counts. Meaning- it's not a home run until you actually take profits.
To me the biggest sin of market participation is: letting winners turn into losers. And sometimes the markets' mood can shift quickly from a state of euphoria. If you aren't prepared to cross home plate - before you know it you're caught up in a rundown pickle.
We won't know for a number of months if we're at a significant market top. That will be known in hindsight. But those charts do make for an interesting argument that we're here, and I thought I'd share- the point wasn't to scare.
Good luck!
*Don't ever leave an open Stop Loss (GTC) order. Stops should be "mental". Set an alert for when a position crosses below a certain threshold which will give you an appropriate amount of time to close out the position.
jamny
Footballguy
St. Louis Bob
Footballguy
Things seem to be going swimmingly well lately. That always makes me nervous. However I've heard that most polls show that people are they same way. That's usually a good sign.
St. Louis Bob
Footballguy
DDD was up another $4+ today and then gave most of it back. Looks like it's about time to pull out. Just going to play just the tip for now.
optionmaven
Footballguy
That was the same for every chart yesterday. Thanks Carl, your timing was impeccable with an hour left to go in the trading day.
Great call Siff on Tesla. Easy money, wish i had bought more than 1 put yesterday.
