Ned
Footballguy
I wish. It was tongue in cheek about the after market action on PLG.
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Stock Thread (17 Viewers)
- Thread starter St. Louis Bob
- Start date
Dentist
***Official FBG Dentist***
http://www.onlinebrokerrev.com/main.phpWhat's important to you? Interface? trading tools? fees?Seems like most people rave about Interactive Brokers and Options Express.To me fees were the most important thing, and Merrill Edge because of my relationship with bank of america gives 30 trades a month free. Hell, even if they only gave me 10 it would be plenty to avoid every transaction fee ever.I've never made 10 let alone 30 trades in a month, but it's pretty sweet that all the trades are free.If you're making over 30 a month you're either Dodds, a day trader, or not doing yourself any favors.
Ignoratio Elenchi
Footballguy
Most important is fees, I suppose, as well as variety of offerings. Obviously I'd prefer to have a nice interface and lots of tools, but I can do my research elsewhere, I really just need a broker to execute trades. I do all my banking with TD Bank and ING Direct (now CapitalOne I think) but it doesn't seem either of those offer anything like X free trades a month. I have to look into Interactive Brokers, seems like their fees are way low so I'm wondering what the tradeoff is.
Ignoratio Elenchi
Footballguy
lol, do you know who it was/what it was about? I've had CNBC on in the background all afternoon but haven't really been paying close attention.
Any downsides? The commissions are enticing. The link Dentist posted says, "Minimum $10 in commissions per month, so charges will be applied if that level is not met." What do they mean by "charges?" Do they just take the $10 or do they apply some other kind of low-activity fees?
skycriesmary
Climbing up the Walls
Can any chart guys give me some short term price trend on LNCO? I'd like to convert a good chunk of my Roth IRA to them in the next month or so, and am wondering if I should jump now, considering the recent pullback, or wait until after earnings on Feb 25.TIA... 
Andrew74
Footballguy
They were interviewing Scott Mather. Don't know what about; just in the right place at the right time. On IB, they just charge your account. That's the "catch" with IB - it is or people/firms that have volume. But I've found the way I trade, it is worth it; still cheaper than anybody else.
siffoin
Footballguy
The ST (60m) chart of AAPL is bullish- though it shows signs of having topped.The Daily Chart of AAPL is Bearish. There is heavy resistance around $495. (Think of Support/Resistance lines as a zone not a hard line in the sand). The ToG is still very very bearish- which means that even if that 495 level were breached in the coming days the move would likely fail. On a stock like AAPL, there can be some serious moves of close to 20% and still maintain the daily trend. Heck back in November it ran from $505-$595, all the while the ToG remained bearish.More concerning is the technical alignment of Weekly charts. They are optimally bearish (technically an ideal alignment of indicators that point down). This trend is relatively young.AAPL is a tough one. From a fundamental perspective it is a heck of a bargain. But the technical picture screams stay away. The way I work is you want to make moves early in trends. Long in the early phase of a bull market and exit in the early phase of a bear market. Maneuvering positions outside that philosophy just doesn't work for trend investors. Positioning outside of that to me is gambling. It is certainly possible to successfully take positions against a major trend but would require you to be nimble, active, and have very disciplined stops- and be ok losing lots and often. I think the wisest move is to just wait for the trend to resolve. Sure you won't get in at the absolute bottom, but your odds of winning will be exponentially greater.In re to Interactive Brokers. I've used them for years. Here's the thing. The cost to invest in anything these days is dirt cheap. The cost of investing/trading shouldn't be the barrier. If that is your focus (cost)..you really should not be in the stock market at all. I'd be more focused on the financial strength of the broker- you don't want your $ with a "MF Global or PFG Best". I do carry lots of cash in my account quite frequently, and finding a safe stash for cash is a constant concern....not the $2.00 commission I'm charged for trading in and out of XYZ. I believe IB is financially sound. But there will come a day when some broker fails. If people focused more on the financial strength and conservative investment strategies from their financial institutions over freebies (ATMs, free checkng, 30 free trades, low cost commissions etc)- our financial future with these institutions would be a whole lot sounder.
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St. Louis Bob
Footballguy
Sold today at $140.24 & $131.38 for a profit of $883.28 & $492.76. :confetti:
St. Louis Bob
Footballguy
BeTheMatch
Footballguy
Can you unpack this for me a little bit? I'm not familiar with that lingo.
St. Louis Bob
Footballguy
lolI'm actually looking to get back in. I'm not a chart guy (sorry Siff) but it seems to be in overbought territory and received a mercy bump today since it was mentioned in the SOTU last night. I'll be a buyer if it dips again. It splits 3:2 and earning are on 2/25.
Sarnoff
Footballguy
I saw Siff's posts on this, hope he's not too far underwater.
Bob Sacamano
Footballguy
Yep. Also wondering what kind of run GE has in it now. Time for covered calls?
bicycle_seat_sniffer
Smells like chicken
you guys dropped LNKD yet? Got in IPO, let go the other day when it hit 150.
The Ref
Footballguy
Please pass the ketchupGood morning
Mystery Achiever
Footballguy
Congrats to any Heinz owners. M&A really does seem to be back.Please pass the ketchup
The Ref
Footballguy
I'm guessing there weren't many of them in here.Congrats to any Heinz owners. M&A really does seem to be back.Please pass the ketchup
Al Czervik
Not wearing pants
I don't think he ever got in. Was waiting for it to confirm Bull trend. It sat on the edge, but never fully confirmed.
Dentist
***Official FBG Dentist***
by the time you have a confirmed bull trend haven't you missed out on a decent chunk of the positive side already in many cases?I mean, the real money in something is when you make a prediction on something being big before most people know it.like if the first time i had a chipotle burrito back in 2006 i would've said.. oh, this business is really going to work, i'm going to buy some shares!At this point the story is known no matter what the trend..
St. Louis Bob
Footballguy
Weren't there a few guys in EXK heavy? Hope they got out.
Al Czervik
Not wearing pants
It was a big Dodds play. And he usually bought more as it went down.
Al Czervik
Not wearing pants
You a buyer today or are you going to wait to see how much it sinks based on the article in that link?I think today is the deadline to buy before the 2:3 split.
Pick
Footballguy
Not a stock guy at all but have been doing some geography classes and was wondering if people see like drought coming and invest in corn and soybeans. And then because of that meat and milk prices go up. And then cheese follows. Wondering about those trends and if people make money off the stocks there. Seems to volatile to me (predicting the weather for one).
Dentist
***Official FBG Dentist***
Question on income and taxesi bought WHZ - whiting US Royalty Trust IIThe value of it went up 20% in a very short time frame from when i bought it (like 4-6 weeks). So I just took the gains.I never received a distribution from them.I didn't really even buy that many shares... i think i made like $350 off the sale.Anyway... does anyone here know if that's taxed at just regular short term capital gains or if that gain is subject to some of the weird Royalty Trust rules?
St. Louis Bob
Footballguy
I think there is more of a sell off. Have until next Friday for the split.'Al Czervik said:
St. Louis Bob
Footballguy
Gas prices have sky rocketed over the last month. I've seen this scenario before.
The Ref
Footballguy
St. Louis Bob
Footballguy
Three weeks ago it was $3.04 here, today it's $3.71.Gas is up to $3.95 in south Fla.
The Ref
Footballguy
It seems like every year since the crash of 08 the market heads up 5%-10%, then dives into the spring and then picks up again in the fall. This year could be different, but its starting to be a real familiar story.Three weeks ago it was $3.04 here, today it's $3.71.
St. Louis Bob
Footballguy
Yep.It seems like every year since the crash of 08 the market heads up 5%-10%, then dives into the spring and then picks up again in the fall. This year could be different, but its starting to be a real familiar story.Three weeks ago it was $3.04 here, today it's $3.71.
The Ref
Footballguy
Whats really interesting to me is how much gas is up on a demand/inflation play, but Gold and Silver can't get any traction.Yep.It seems like every year since the crash of 08 the market heads up 5%-10%, then dives into the spring and then picks up again in the fall. This year could be different, but its starting to be a real familiar story.Three weeks ago it was $3.04 here, today it's $3.71.
St. Louis Bob
Footballguy
Man I hear that. I still have a bunch of physical silver, most of it bought in the $28 range but some in the $6 range. If it keep dropping, I'm adding more.Whats really interesting to me is how much gas is up on a demand/inflation play, but Gold and Silver can't get any traction.Yep.It seems like every year since the crash of 08 the market heads up 5%-10%, then dives into the spring and then picks up again in the fall. This year could be different, but its starting to be a real familiar story.Three weeks ago it was $3.04 here, today it's $3.71.
BeTheMatch
Footballguy
So can you tell me the rationale for why you would buy actual physical silver vs. a silver fund or something? What are the differences there?Man I hear that. I still have a bunch of physical silver, most of it bought in the $28 range but some in the $6 range. If it keep dropping, I'm adding more.Whats really interesting to me is how much gas is up on a demand/inflation play, but Gold and Silver can't get any traction.Yep.It seems like every year since the crash of 08 the market heads up 5%-10%, then dives into the spring and then picks up again in the fall. This year could be different, but its starting to be a real familiar story.Three weeks ago it was $3.04 here, today it's $3.71.
St. Louis Bob
Footballguy
Dentist
***Official FBG Dentist***
The "sell in may" people are getting more followers.it has been reliable for a couple years now even if it seems like coincidence and hogwash.
BeTheMatch
Footballguy
OK, never mind.So can you tell me the rationale for why you would buy actual physical silver vs. a silver fund or something? What are the differences there?Man I hear that. I still have a bunch of physical silver, most of it bought in the $28 range but some in the $6 range. If it keep dropping, I'm adding more.Whats really interesting to me is how much gas is up on a demand/inflation play, but Gold and Silver can't get any traction.Yep.It seems like every year since the crash of 08 the market heads up 5%-10%, then dives into the spring and then picks up again in the fall. This year could be different, but its starting to be a real familiar story.Three weeks ago it was $3.04 here, today it's $3.71.
The Ref
Footballguy
Well for starters the ETF's don't have dollar for dollar the amount of gold/silver the NAV would indicate. They do hold much of it in physical material but also trade contracts. So the theory goes if the SHTF and the US dollar took a big hit and there was a run on any of the ETF's they wouldn't be able to liquidate the fund and pay out in material. Now I would never say to do this.... but if you trade SLV and it goes up 20% you need to pay the capital gain. if you go down to the coin shop and buy junk silver and the price goes up 20% and you sell it for cash and it doesn't make it onto a tax return..... Again, not recommended but just speaking what others think.OK, never mind.
Ned
Footballguy
Did you dump GNW?
The Ref
Footballguy
Why the run down from 10.50 to 6? Sandy?
The Ref
Footballguy
I'd love to get a Siff chart on this one. Technically GNW looks like a good chart.
siffoin
Footballguy
The Ref
Footballguy
Thanks alot for this.
St. Louis Bob
Footballguy
Sorry GB, just missed this. What Ref said plus I have a connection so I can buy very slightly over spot.OK, never mind.So can you tell me the rationale for why you would buy actual physical silver vs. a silver fund or something? What are the differences there?Man I hear that. I still have a bunch of physical silver, most of it bought in the $28 range but some in the $6 range. If it keep dropping, I'm adding more.Whats really interesting to me is how much gas is up on a demand/inflation play, but Gold and Silver can't get any traction.Yep.It seems like every year since the crash of 08 the market heads up 5%-10%, then dives into the spring and then picks up again in the fall. This year could be different, but its starting to be a real familiar story.Three weeks ago it was $3.04 here, today it's $3.71.
