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Anyone want to talk stocks?

Old 10-08-2007, 05:19 PM
  #1  
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Default Anyone want to talk stocks?

Jumped in with both feet about 3 weeks ago after reading and researching for two years. Read IBD, watch Cramer religiously, check out stockpick and thestreet . com and have read numerous books.

RIMM has been doing awesome and crushed the quarter and is now 117, I got in the low 90's.

AAPL, can anything stop this train?? Trading at 169 with new target of 180. Haven't bought any yet but will as soon as more $$$ becomes available.

CROX, UA....gotta love them. I've stayed away from all home building and financials.

Anyone else have their own accounts and invest? My mutual funds were doing OK but I wanted to take a more active role.

--JK
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Old 10-08-2007, 07:39 PM
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Seanile. There are lots of ways to make money in the market. There are 6,000 stocks in the USA alone, not counting foreign stocks. Warren Buffet makes money in his patient style, as does the reknowned value investor Michael Price, as do momentum players (momogogo's), who pick high growth stocks, regardless of P/E, until they start to disappoint on the earnings front. Incidentally, all the names you have mentioned positively fall into the momogogo category (Rimm Appl Ua Crox etc).

I don't think there are one set of names that can make money, or one style. The most important thing is for you to understand your personality, your style, and match it to a style of trading and investing consistent with your personality.

I have made a lot of money this year trading stocks that many laugh about. I have bought and sold Ford for profit a dozen times so far this year. Same with Citigroup. Same with Toll brothers. Same with Walgreens. Same with XLF (etf for financials). Trading out of favor stocks is consistent with my personality, and I am good at it. At the same time I have not bought APPL at 90, or GOOG at 200, or...... whatever, because it is not consistent with my internal make up. APPL was so overpriced at 90, and GOOG at 200, so as to preclude me. Smart huh? But I am cool with it, cuz I found what works for me. Be intraspective, analyze your personality, and do what works for you! Do not be that dude who buys APPL at 140, and during an ugly two week market period sells it at 115 in a panic, only to watch it go to 150. Is this you?

More than one way to skin a cat son...... just match your personality with the right style. Let me pay a complement to you..... you are anal, a perfectionist, don't like error and deviation, etc... and I know this from your boat restoration. Don't Buy Vonage!

Oh Sheeeeeeet. Effing Grady Sizemore just homered to lead off.....
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Old 10-09-2007, 08:34 AM
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SeaNile, got another one for you to look at. My father turned me on to it for a couple of reasons and it may find some balance for you.

CNE --> a Canadian petroleum trust -- it's paying a 15+% dividend and is trading in the middle of its 52-wk range. It took a hit recently since it took an adjustment for some new income tax legislation. It's a non-cash effect and doesn't impact the cash flows at this point. It was the dividend that drew me in. 15% return at 15% tax rate is nice.

It's not a "back up the truck and load up" stock since it is volatile given its sector. But it might have a place in the portfolio if you're looking for a dividend play.

I invested in it so I could buy your Bert.
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Old 10-09-2007, 08:58 AM
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Default RE: Anyone want to talk stocks?

Unless you are a cowboy....diversification is key. I think Harry Markowitz knew what he was talking about 50 years ago.......Modern Portfolio Theory rocks. I say that as a reformed former money manager. Today I buy mutual funds like individual stocks.

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Old 10-09-2007, 11:16 AM
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Default RE: Anyone want to talk stocks?

any good books on options? I would like to trade them. I know they are nothing to play around with, but I would like to learn more about them.

Thanks,
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Old 10-09-2007, 12:49 PM
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Parkersal is wise. Do not be scared of Ford. That is a bunch of bricks and mortar for less than $10/share. Note that in the new UAW contract some of the unfunded retiree liability is being transferred to the union health and welfare funds. This could bode well for American auto makers. Cramer is a great guy to watch but remember you have to make your own decisions.
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Old 10-09-2007, 03:31 PM
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Watch out for that Cramer guy. Remember what they say about free advice.
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Old 10-09-2007, 03:38 PM
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aln - 10/9/2007 3:31 PM

Watch out for that Cramer guy. Remember what they say about free advice.
You can make a bunch of money on Cramer.......assuming you know what he is going to say the day before he says it. He and his callers remind me of a boiler room operation.......pump it and dump it baby.
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Old 10-10-2007, 02:28 PM
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I agree, he's making hay with old news. My company has a stake in Syntax Brillian that he recently drubbed for poor management. 2 weeks later it had a 25% one day pop. The whole LCD conversion market will huge beyond measure, just pick the right horse. Syntax has a lot of overseas agreements inked for distribution on a large scale. Everybody is waiting for the signal with their collective fingers on the buy button. What will trigger the landslide is up for debate. Any news will move this market, but there are already some large stakeholders on board. I also like a stem cell stock but its a real crapshoot, not as well defined as the LCD play.

Let the games begin
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Old 10-11-2007, 05:18 PM
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Seanile, i know of you from McCrary's site. My wife and I have done very well with Fidelity Investments. Another one is Vanguard. They are both located in the Philly area. Good Luck
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Old 10-11-2007, 08:04 PM
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About four years ago I began to buy long term through Sharebuilder online. Dollar cost averaging and patience.....Hold...Hold...and just keep on buying...as much as I can. Ive put the majority of my $$ in McDonalds, Budweiser, Coke, and Home Depot. I got lucky with Some short term buys with Sirius and Krispy Kreme that got me ahead a little. IMO, Divendend stocks are the way to go. I love the research and the excitement of stocks, however I dont do the buy and sell....my plan is to hold and let those dividends pile up.
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