Topic: Investing Again (Read 8301 times)

xpert787 · « **on:** April 04, 2009, 02:35:39 PM »

Anyone have good ideas, I am in the investing mood again, and have about 5k to invest. I already have 3k tied up in AXP, DOW and CLP. I got rid of MW for a 40$ loss as I overestimated their competitive advantage. I would like to add to AXP because I think it's a good company well run, and people are overly pessismestic about their prospects but I'm not sure. Can you guys share your investing wisdom with me, especially people that have made money in stocks.

BoostedSchemes · « **Reply #1 on:** April 04, 2009, 02:39:21 PM »

go back in time and buy a bunch of shit four weeks ago.
also, jpm is the nig diddy, their not going anywhere but up.
all the finance companies felt the effects of this "crisis" a year before any other firms, and the finance boys are hiring again, ergo, buy their shit and ride them out of the recession.

Joseph Davis · « **Reply #2 on:** April 04, 2009, 02:55:10 PM »

Buy Kuwaiti dinar.

chris · « **Reply #3 on:** April 04, 2009, 04:35:34 PM »

b16a's. They were worth 250 in 1996. 1200 in 2009.

Conceptz-X · « **Reply #4 on:** April 04, 2009, 06:38:39 PM »

Quote from: BoostedSchemes on April 04, 2009, 02:39:21 PM

go back in time and buy a bunch of shit four weeks ago.
also, jpm is the nig diddy, their not going anywhere but up.
all the finance companies felt the effects of this "crisis" a year before any other firms, and the finance boys are hiring again, ergo, buy their shit and ride them out of the recession.

That would be nice

malichite · « **Reply #5 on:** April 04, 2009, 07:19:14 PM »

Zales ZLC They just doubled yesterday and made me a couple hundred bucks. And they are still decently cheap. Check them out

. I'm probably pouring a bunch more in on monday. :yes: The nice thing with them being cheap too is that you can get one metric fuck ton of shares for not much. Can you say big gaines!!! Also been watching sirius SIRI for a while. They were in the shitter about a month ago but have come back up some. Then they leveled off for a while but I think they have the potential of going up more. They also are less then a buck. Got about 500 shares in them right now.

https://www.etrade.wallst.com/v1/stocks/snapshot/snapshot.asp?symbol=zlc&rsO=new

Joseph Davis · « **Reply #6 on:** April 05, 2009, 11:35:45 PM »

Sirius has never turned a profit, not even after merging with XM. They made the top 15 list of companies going under in 2009. If you invest in them you are seriously retarded.

dvst8r · « **Reply #7 on:** April 05, 2009, 11:41:01 PM »

Quote from: Joseph Davis on April 05, 2009, 11:35:45 PM

Sirius has never turned a profit, not even after merging with XM. They made the top 15 list of companies going under in 2009. If you invest in them you are seriously retarded.

+1, to the point for the first time in almost 5 years, that I might just go month to month with my Sirius subscription this year, as I have a feeling they won't make it the full year.

92CXyD · « **Reply #8 on:** April 05, 2009, 11:46:07 PM »

Should buy some AIG already doubled in the last 2 wks. ;D

Logan76 · « **Reply #9 on:** April 05, 2009, 11:46:38 PM »

Quote from: Joseph Davis on April 05, 2009, 11:35:45 PM

Sirius has never turned a profit, not even after merging with XM. They made the top 15 list of companies going under in 2009. If you invest in them you are seriously retarded.

I have sirius on my dish, and I listen to it quite frequently, but I cant justify buying it for my vehicle when i can just tune into my local stations...

malichite · « **Reply #10 on:** April 06, 2009, 12:57:10 AM »

Quote from: Joseph Davis on April 05, 2009, 11:35:45 PM

Sirius has never turned a profit, not even after merging with XM. They made the top 15 list of companies going under in 2009. If you invest in them you are seriously retarded.

Your right, if you had bought in a month ago when they were only .02, you would have only doubled your money 10 times over in 4 days.

Corey · « **Reply #11 on:** April 06, 2009, 02:10:21 AM »

sirius was at .06 in feb, they were up to .40 a share a week or 2 ago. buying sirius now would be a bad idea.

malichite · « **Reply #12 on:** April 06, 2009, 03:01:40 PM »

Ahh, gamble a little, get in them now, if they go back up with the rest of the economy, you will do just fine. The only reason they dipped as low as they did when they did is they were in trouble of going bancrupt until someone steped in and gave them a hand. There have been some big exec changes sense then and things are turning back. You have to look back farther then a few months. Go back years and see how they are doing. Stock are way to volital right now to base your decisions off of a month or two. Side note, my zales is still making me a decent amount of money. Take a look there ZLC

Joseph Davis · « **Reply #13 on:** April 06, 2009, 08:50:00 PM »

Quote from: malichite on April 06, 2009, 03:01:40 PM

Ahh, gamble a little, get in them now, if they go back up with the rest of the economy, you will do just fine. The only reason they dipped as low as they did when they did is they were in trouble of going bancrupt until someone steped in and gave them a hand. There have been some big exec changes sense then and things are turning back. You have to look back farther then a few months. Go back years and see how they are doing. Stock are way to volital right now to base your decisions off of a month or two.

What part of they have never turned a profit do you not understand?

dvst8r · « **Reply #14 on:** April 06, 2009, 08:53:32 PM »

Quote from: malichite on April 06, 2009, 03:01:40 PM

Ahh, gamble a little...

That is exactly what this style of "investing" is. IMHO it is no more investing then sitting down at the craps table.

BoostedSchemes · « **Reply #15 on:** April 06, 2009, 08:54:17 PM »

someone link me to financial statements for srs and ill see if i can make joseph look silly

probably not, but thats just because the stock is rated poorer than shit

Joseph Davis · « **Reply #16 on:** April 06, 2009, 08:56:06 PM »

I read a Yahoo article about them, and others.

BoostedSchemes · « **Reply #17 on:** April 06, 2009, 08:58:57 PM »

if it was an article by someone trained to do financial analysis who randomly wrote an article, cool
if it was an article by someone trained to write articles who randomly did a financial analysis, hot

bluerex · « **Reply #18 on:** April 06, 2009, 09:01:20 PM »

Listen to Peter Schiff.

Joseph Davis · « **Reply #19 on:** April 06, 2009, 09:03:13 PM »

Quote from: BoostedSchemes on April 06, 2009, 08:58:57 PM

if it was an article by someone trained to do financial analysis who randomly wrote an article, cool
if it was an article by someone trained to write articles who randomly did a financial analysis, hot

Then fuck the article and do a financial analysis of Sirius for us.

Joseph Davis · « **Reply #20 on:** April 06, 2009, 09:07:37 PM »

Actually, Googling "Sirius radio bankrupt" says it all. Despite the $530 million bailout by Liberty Media (Direct TV) most people think they are still going to tank. They also reiterate that Sirius has never turned a profit, and subscriptions are slacking. COnsult the NYTimes financial page, I ASSume you trust that, Arnold.

BoostedSchemes · « **Reply #21 on:** April 06, 2009, 09:17:09 PM »

I don't care about sirius and I only read the NY times and the WS journal because I have to every day for school -_-.... and most of what I read is vehemently supported by my finance teachers, and then ripped apart by the accounting teachers.... so I go by methodical breakdowns of statements, not windsock journalists... and there is a big difference between a company being a good week investment and a good long term grower... and you wont catch anyone putting their retirement loot into a company that has essentially failed already... but it makes sense to make a few bucks off them here and there if you hear something

cue gecko
"buy on rumor sell on news"
cue handjob

Joseph Davis · « **Reply #22 on:** April 06, 2009, 09:45:51 PM »

I chuckle to hear you speak like rawr.

BoostedSchemes · « **Reply #23 on:** April 06, 2009, 09:52:23 PM »

I chuckle to hear his sperm burbling in your gullet whilst you chuckle at me.

j.h.christ · « **Reply #24 on:** April 07, 2009, 12:28:39 AM »

Quote from: BoostedSchemes on April 06, 2009, 09:52:23 PM

I chuckle to hear his sperm burbling in your gullet whilst you chuckle at me.

i chuckle because i'm not as smart as either of you

however i'm better looking

BoostedSchemes · « **Reply #25 on:** April 07, 2009, 01:20:43 AM »

you think your better looking than me?

I just went outside and took this
shit was so cash

Joseph Davis · « **Reply #26 on:** April 07, 2009, 07:48:21 AM »

Your boyfriend?

AWDstylez · « **Reply #27 on:** April 07, 2009, 11:47:48 AM »

Quote from: BoostedSchemes on April 06, 2009, 09:17:09 PM

I don't care about sirius and I only read the NY times and the WS journal because I have to every day for school -_-.... and most of what I read is vehemently supported by my finance teachers, and then ripped apart by the accounting teachers.... so I go by methodical breakdowns of statements, not windsock journalists... and there is a big difference between a company being a good week investment and a good long term grower... and you wont catch anyone putting their retirement loot into a company that has essentially failed already... but it makes sense to make a few bucks off them here and there if you hear something

cue gecko
"buy on rumor sell on news"
cue handjob

Gonna have to agree with that stupid bald fuck. Siri was a buy at $0.05, not at $0.40. Nothing but a massive gamble anyway. It's just as likely to see .01 as it is to see anything else. Hit up a casino and play the slots for some better odds.

The market is so volatile as this point there's no way to just say "yea, buy ____". If you aren't on top of things and watching the action yourself every day you're going to get fucked. Play the swings and you'll make good money.

xpert787 · « **Reply #28 on:** April 07, 2009, 08:33:16 PM »

Put 1500 into AXP today, I'm going to average in. I would like to get back in around 12/share but I don't know if that will happen. I used the Graham formula to come up with the "intrinstic value" which is independent of the stockmarket price and I got 25.00 a share so half that(12/share) gives a 50% margin of safety to account for bad news and possible earnings disappointments. The formula is Price=Earnings(8.5+2growth) if you guys are interested. If you use it don't do it in isolation it look at the balance sheets/anual report etc. The beauty of this approach is that the more the price falls the safer a bet it becomes, as long as the fundamentals remain intact. The down side is you may have to wait years for the stock to go to it's intrinstic value, and some never will. Thanks for the ideas I should have been more specific about my time horizon(3-5yr), the fast trading stuff is something I would like to learn better but just don't have the time for, I know I would get my ass handed to me if I tried it.

AWDstylez · « **Reply #29 on:** April 07, 2009, 08:45:38 PM »

Quote from: xpert787 on April 07, 2009, 08:33:16 PM

Put 1500 into AXP today, I'm going to average in. I would like to get back in around 12/share but I don't know if that will happen. I used the Graham formula to come up with the "intrinstic value" which is independent of the stockmarket price and I got 25.00 a share so half that(12/share) gives a 50% margin of safety to account for bad news and possible earnings disappointments. The formula is Price=Earnings(8.5+2growth) if you guys are interested. If you use it don't do it in isolation it look at the balance sheets/anual report etc. The beauty of this approach is that the more the price falls the safer a bet it becomes, as long as the fundamentals remain intact. The down side is you may have to wait years for the stock to go to it's intrinstic value, and some never will. Thanks for the ideas I should have been more specific about my time horizon(3-5yr), the fast trading stuff is something I would like to learn better but just don't have the time for, I know I would get my ass handed to me if I tried it.

And that's pretty much key. With the way this crisis continues to go, I wouldn't count on anything 3-5 years out. Trade it as it is month to month. This isn't the time to hop in for the long haul.

News:

Author Topic: Investing Again (Read 8301 times)

chris