Stocks
Posted: November 7, 2002, 11:26 am
Any good stocks out there? I know at least a few of you dabble in the market. Anyone have any interesting tips?
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Posted: November 7, 2002, 11:39 am
Buy low and sell high.
Posted: November 7, 2002, 12:33 pm
So that's what I've been doing wrong.Fairweather Pure wrote:Buy low and sell high.
Posted: November 7, 2002, 12:53 pm
This company's stock will "rise" in the near future I'll bet.
http://www.aftenposten.no/english/local ... eID=431926
http://www.aftenposten.no/english/local ... eID=431926
Posted: November 7, 2002, 1:05 pm
buy AOL/TW
please
it's cheap it's only $15/share!
seriously, my stock options are in the toilet, buy and drive the price up
please
it's cheap it's only $15/share!
seriously, my stock options are in the toilet, buy and drive the price up
Posted: November 7, 2002, 1:27 pm
Ug, stock tips...heh.
Depends on what you're doing. Daytrading, it doesn't matter what the company is. Check the patterns buy/sell within a few minutes. Short term trading it doesn't matter much either. It's mostly patterns/trends or cashing in on an earnings report. Long Term investing is probably the only area some recommendations are helpful.
In this market, if you're trading, you need to be glued to a monitor watching the tickers and live streamers.
Winnow
Anacott Steel
Depends on what you're doing. Daytrading, it doesn't matter what the company is. Check the patterns buy/sell within a few minutes. Short term trading it doesn't matter much either. It's mostly patterns/trends or cashing in on an earnings report. Long Term investing is probably the only area some recommendations are helpful.
In this market, if you're trading, you need to be glued to a monitor watching the tickers and live streamers.
Winnow
Anacott Steel
Posted: November 7, 2002, 1:33 pm
...I did hear that Ratt is taking SEQ, Inc public. You may be able to get in on the IPO : )
Posted: November 7, 2002, 3:10 pm
I try to stick to stocks that are from companies that have a product in demand. I generally stay away from tech stocks, kinda glad I did.
So like Pepsi or Coke would be a good stock, because their product has been (and will continue to be) in demand. Sure, they have their good and bad days, but their numbers generally stay consistent. And depending on the current add campaign, you might get some great profits from them (like last year with Pepsi+Britney? Mucho Dinero). Health nuts won't affect either company, since they both also distribute bottled water and what not.
Starbucks has been a great stock to watch over the last year or so, but that's partially my own bias towards their product (and the hotties that seem to work at the local ones). Home Depot is another good company, people ALWAYS buy hardware stuff, whether they need it or not. Multi-faceted stores like Media Play or Borders can be pretty good too, since they have a ton of consumer products to keep them afloat.
So like Pepsi or Coke would be a good stock, because their product has been (and will continue to be) in demand. Sure, they have their good and bad days, but their numbers generally stay consistent. And depending on the current add campaign, you might get some great profits from them (like last year with Pepsi+Britney? Mucho Dinero). Health nuts won't affect either company, since they both also distribute bottled water and what not.
Starbucks has been a great stock to watch over the last year or so, but that's partially my own bias towards their product (and the hotties that seem to work at the local ones). Home Depot is another good company, people ALWAYS buy hardware stuff, whether they need it or not. Multi-faceted stores like Media Play or Borders can be pretty good too, since they have a ton of consumer products to keep them afloat.
Posted: November 7, 2002, 3:25 pm
Home Depot has been slipping. Lowes would be a much better choice for long term stock investments. They are virtually debt free and their stocks generally split every few years.
P&G is always a good buy. A smart person would have bought when they hit the crapper 2 years ago and slipped down near $50 a share. I would almost guarantee that they will break the $100 mark within the next year barring a major catastophe.
P&G is always a good buy. A smart person would have bought when they hit the crapper 2 years ago and slipped down near $50 a share. I would almost guarantee that they will break the $100 mark within the next year barring a major catastophe.
Posted: November 7, 2002, 4:17 pm
International Banc of Commerce (IBOC), for the long term, pays a nice annual dividend, and tends to split around July of every year. It stays within the $35 to 45$ range normally. Very strong long term investment. Another long-term, Paychex (PAYX) is at a low right now and would be a decent buy. They always have a + Profit, yet this year their P/E Ratio got a little out of hand which kept the stock from doing much during the year. In the time I have owned it, it has been all the way down to $20 and all the way up to $60. Always gives a generous split around summer time as well.
Gord
Gord
Posted: November 7, 2002, 4:30 pm
real estate > stock
Posted: November 7, 2002, 4:36 pm
Right before Tech stocks hit the toilet, Qualcomm was the big winner for me. I bought 1,000 shares at $14 apiece in early '98; I ended up selling them at $180 each (and that was after a nice split a few months prior). Needless to say, that experience is pretty atypical. I doubt it would be easy to replicate. 
I haven't really played the market since then, seeing as how the Qualcomm deal satisfied my stock-gambling needs for quite awhile. Nowadays I keep most of my money in bonds or mutuals. They're very slow growth, but they hold out well in shitty economic times (as we're expected to be going through for well into the next few years).
Fairweather's real estate advice is actually very smart right now. As a general rule, the real estate market flourishes when the economy sags. Now would be a great time to invest.
I haven't really played the market since then, seeing as how the Qualcomm deal satisfied my stock-gambling needs for quite awhile. Nowadays I keep most of my money in bonds or mutuals. They're very slow growth, but they hold out well in shitty economic times (as we're expected to be going through for well into the next few years).
Fairweather's real estate advice is actually very smart right now. As a general rule, the real estate market flourishes when the economy sags. Now would be a great time to invest.
Posted: November 7, 2002, 4:52 pm
http://moneycentral.msn.com/investor/re ... ymbol=adsx
I talked my boss into buying $3,000.00 worth of this when it was below .30 per share. These are refferred to as penny stocks and many investment firms shy away from them. The price jumped to around $2.00 a share and my boss sold. He made good money. Prices dropped the next 2 days back to around .50. This company makes computer chips you put under your skin. FDA just approved it and I believe the government is eyeballing the product/idea. I always keep an eye on it. More for personal, morbid couriousity than any financial reason. My own personal conspiracy is that these will one day be as common as a driver's license or credit cards. Imagine a personal ID that cannot be removed or altered without huge difficulty. An added bonus is the ability to track where you are at all times. Within 20 years, everyone will be "chipped", like it or not. (for national security reasons, of course)
I talked my boss into buying $3,000.00 worth of this when it was below .30 per share. These are refferred to as penny stocks and many investment firms shy away from them. The price jumped to around $2.00 a share and my boss sold. He made good money. Prices dropped the next 2 days back to around .50. This company makes computer chips you put under your skin. FDA just approved it and I believe the government is eyeballing the product/idea. I always keep an eye on it. More for personal, morbid couriousity than any financial reason. My own personal conspiracy is that these will one day be as common as a driver's license or credit cards. Imagine a personal ID that cannot be removed or altered without huge difficulty. An added bonus is the ability to track where you are at all times. Within 20 years, everyone will be "chipped", like it or not. (for national security reasons, of course)
Posted: November 7, 2002, 6:23 pm
Yea Millie, my father got your kind of luck too with Qualcom. I believe he got in at around 4 dollars and sold at 75 dollars. That was a big timer right there!
Posted: November 7, 2002, 6:27 pm
my pops made a lot of cash on lucent, then lost it again =)
thx economic downturn!
thx economic downturn!
Posted: November 7, 2002, 10:51 pm
Lucent didn't hit the crapper just because of the economy. That company has more chimps in upper management than Chiquita. They also suffer from Baby Bell Syndrome; they are used to dictating terms to their consumers, not adapting to changing markets.
Posted: November 8, 2002, 11:19 am
Some good advice so far. The reason I am asking is because the wife and I set up an Ameritrade account about 3 years ago and I have been playing around with it. Long story short, I just sold a bunch of share of a stock that was falling (BESC) and now I have some money to invest in other things. This has nothing to do with our 401k's or IRA's so I can gamble with this a bit.