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[Jorsher]

My 100k in fake investments have gone up to 107k in 4 days of trading.

Hope it all crashes so I'm not sad that I didn't really invest any money.

[Joseph Davis]

the same as it will for me - nothing, he is with someone else

No he's not.




Uhm, if we are going to share inside stock tips should we move this to OG?

[bigwig]

I just put $1000 in a Sharebuilder account.  I'm not sure what I'm going to do with it....

I'm thinking putting $750 on Ford for a "long term" investment and $250 on something more risky.  I'd like to find a good penny stock.  I could stand to lose $250 if there was a reasonable chance of seeing a 2x gain.

What does everyone think of GE?  It seems priced low and could easily go up quite a bit over time.  Thoughts?

[Jorsher]

My WFMI stock went up 13% just today.

No clue what it is, just saw it recommended by someone.

[t_cel_t]

options

[bigwig]

My WFMI stock went up 13% just today.

No clue what it is, just saw it recommended by someone.

You don't know what Whole Foods is?

[Jorsher]

My WFMI stock went up 13% just today.

No clue what it is, just saw it recommended by someone.

You don't know what Whole Foods is?

I know what Whole Foods is, didn't know WFMI = Whole Foods

[xpert787]

I can't really comment on the fast money day trade stuff, or penny stocks since that's not what I do. But I have been investing in long positions with a time horizon of 2-3 years, although most of the situations I invested in worked out in 3-6 months. Since Aug of last year I turned 3k into 7.5k for my self, and 5k into 10k for my brother after trading costs. I haven't paid taxes yet so I don't know how much that's going to cost. Mainly what I did was to look for companies that are out of favor for what ever reason, most recently and I would say currently it's oil/refining companies although it's begun to turn around, before that I did credit card companies(AmEx), before that I did REIT's, and many in between.  I look at a top down approach for the sectors I think are unloved, and then do bottom up research company by company to find the company in that sector that has the best value( based on balance sheet analysis)/resources/business model etc. etc.  and then I invest heavily when I find it, usually 35-40% of my capital. I'm a firm believer in concentration vs diversification.Also sometimes I just screen for undervalued companies regardless of sector, Ive found opportunities in pharm,power companies,pipeline MLP's to name a few. The reason this works is because many people want to make a quick buck and wind up trading based on fear and greed, irrational exuberance and pessimism , which leads to (sometimes) gross mispricings in the market. What I do isn't easy, because of the analysis/front end work, but if done correctly it's almost a sure thing, because you wind up buying businesses for less then they are worth, the trick is how long that worth is going to take to be reflected in the share price, which is mostly unpredictable. If you guys are interested read Intelligent Investor by Ben Graham, and Margin of Safety(out of print) by Seth Klarman, there are many other good ones, but those do the best job of clearly stating the strategy, in my opinion.

[Urban Indian]

the same as it will for me - nothing, he is with someone else

No he's not.




Uhm, if we are going to share inside stock tips should we move this to OG?

Its not inside. I am ready bought it. Nothing that you can't read online anyway.

[Joseph Davis]

I was referring to members divulging their company secrets.

[BoostedSchemes]

I am really ashamed of myself if I just henried myself lol. 

[patsmx5]

Ford, Northrop Grumman

With the way obongo is saying military spending has to be cut...I would stay away from NG.

My wife and I have been making money with mutual funds. We are in CGM Focus fund. We hopped in last fall when it was down and been riding it out. My father in law made some decent money through this about a year ago.

A little "upscale" forum that I have been watching/reading is
http://www.valueforum.com/

NOC was at 58.50ish on 2/9/10. They're at 61.60 right now. Up 5% in 10 days.

[Eggylshatch]

The problem I have with these expensive ass stocks is that I can't buy enough of them to make any real profit off of a 5 or 10% gain.  Even 20 really.  I have about $1k in 5 different stocks-- almost all penny stocks.  I had some in citibank but it just tanked over the last few months and I'm too impatient to hold on to it, might rebuy again while its lower. ANYWAY, my point is that I would have to have my entire investment of $1k in one stock to see a good gain from a 10% increase, and I don't like the idea of having everything in only one stock.  I guess I'm just not ballurr enough

[bigwig]

I see Apple splitting it's stock very shortly.  Is it better to buy now or after the split?  Apple is roughly $200.  I figure if they split it, it will be something like a 5:1 or a 10:1.  If it's a 10:1, it will be great, because it will probably jump to $30 in a year or two.  5:1 probably won't see as much growth IMO.

So, buy now before the split or wait until the split?

[BoostedSchemes]

I can never trust apple.... and I would jump on RIGHT after the split.

[bigwig]

I see Apple splitting for several reasons.  Primarily this is the most expensive their stock has ever been.  Last time it hit this price, it dropped to about $125.  Climbed back up to under $200 and then dropped to under $100 and now has steadily climbed back to $200.  I think their stock price makes it too volatile.  If they did a 4:1, 5:1, or even a 10:1 they'd get a lot of new investors immediately who now see Apple as affordable.  With more people owning the stock, it being featured in more mutual fund packages, ect ect ect, it will make the stock much more stable and will also result in the stock increasing a good amount.

At least that's how I see things happening.  With that said, based on it's volitility, I'll wait until the split happens.  I don't want to buy it today at $200 and then have it fall to $150 on me.

With that said, where does anyone see a power house like Google going?  I knew once Google went public it would be huge.  Their stock is stupid expensive.  Even if it splits 2:1, I'd be tempted to buy in on them.  There is no way I'm buying it at it's current price though.  It doesn't seem profitable at all.

[BoostedSchemes]

googles ongoing international expansion is going to help a lot, but I dont believe that their stock is worth anywhere near as much as it goes for right now... they will split at 500 im sure. the company cant ever shit the bed they are too diversified, and there is a huge market that I see them tapping - ready to roll google netbook dealios (thinking ipad style). They are bound for hardware, and a next gen OS - thought I am sure they will be hit with beacoup anti trust suits within the next 5 years.
if you would invest in microsoft, you would invest in google imo.

[Doug]

Crap for Toyota keeps looking worse and worse. I hope their stock tanks so I can get some

[BoostedSchemes]

yeah I am keeping an eye on them. I dont plan on making any money on my stock purchases until 3-6 months out, but I made enough to buy a couple six packs of bottles on forex. 

[sfa22r]

the same as it will for me - nothing, he is with someone else

Sort of....

[BoostedSchemes]

now there are rumors about DCP not being able to handle their recently awarded 230 mill contract - I do not feel it impacted the stock price enough for it to matter, and in fact it may be a BETTER buy after the contract falls through if thats true - any thoughts on whether I should dump it after it clears over fees and either move on or buy more on the other end of the bad news, or just hold it and see where it goes?

[sfa22r]

Ain't sayin' nuffin. 

[BoostedSchemes]

they have 130+ mill in unrestricted cash and the contract is for 230 mill... its def something thats a heavier up swing than downsing

[Joseph Davis]

This thread wins. What do you all think about Sirius(SIRI)

Satellite radio has never turned a profit.  Has something changed this?

Sirius is claiming to have turned a profit this last quarter, and they are also "expecting" to report a net profit for 2009. 

I also read an article in this morning's paper about how worth is calculated in a business that is in Sirius' position, and it has lead to Sirius' stock values being inflated.  Indications are that Sirius is worth a quarter per share instead of it's current ~$1 value.

If they are finally able to turn a profit - in a soft economy, no less - they might be well worth investing in as their backers won't cut them loose in the immediate future.  The problem is when to hop on if the current value is artificially high?  I'm a stock dumbfuck, someone steer me right on this.

[bigwig]

I wouldn't mess with Sirius.  I'm also a stock dumbfuck, but it just seems like a shoddy investment.  Typically when technology like this is so slow to catch on and they overpay hosts, something will move in on them in a short time.  I expect something like Pandora for the car will be the future.

[Spanish-rice]

I wouldn't mess with Sirius.  I'm also a stock dumbfuck, but it just seems like a shoddy investment.  Typically when technology like this is so slow to catch on and they overpay hosts, something will move in on them in a short time.  I expect something like Pandora for the car will be the future.

i see pandora for the car happening sometime too. i can already just hook up my phone to the radio and listen to it as ogn as a i want( car charger) i dont see why they wont just expand on it.

[BoostedSchemes]

well jd if you feel sirius is worth .25$ why dont you go short on 10,000 shares at 1$ and make a nice profit when it hits?

[bigwig]

well jd if you feel sirius is worth .25$ why dont you go short on 10,000 shares at 1$ and make a nice profit when it hits?

I'm stupid, so someone is going to have to explain this concept.  If you think something is worth $.25, but it's a $1.00, why would you buy it at $1.00?

Also, anyone have any thoughts on Motorola (NYSE:MOT)?  Just seems about $5 under it's potential value in the next 12-18 months.

[BoostedSchemes]

i have to explain the concept of shorting to a million people a week

you go to goldman sachs and you say I want you to sell 1000 shares of sirius for me on account... i will give them back to you later. so they sell 1000 shares for you and give you a 1000$ credit in your account but you owe them 1000 shares.

now you have a credit of 1000$, you buy sirius for .25$ the next day when the market realizes jd has outfoxed them and you buy 1000 shares for 250$ and give the shares back to goldman sachs. they got their shares + commission back, you have a 750$ credit in your account, and your mother is in the hospital playing with dildos.

[bigwig]

Understood.  Thank you for the explanation.