Home | Community | Message Board

World Seed Supply
This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Shop: North Spore Injection Grain Bag   Bridgetown Botanicals Bridgetown Botanicals   Kraken Kratom Red Vein Kratom   PhytoExtractum Buy Bali Kratom Powder

Jump to first unread post Pages: < Back | 1 | 2 | 3 | Next >  [ show all ]
OfflineRonoS
DSYSB since '01
Male User Gallery

Registered: 01/25/01
Posts: 16,259
Loc: Calgary, Alberta
Last seen: 10 months, 24 days
Re: Stock Traders: What are your positions?! [Re: Phred] * 1
    #4890147 - 11/03/05 06:10 PM (18 years, 2 months ago)

Ah yes...the Bre-X scandal.  Many fortunes were made (and lost) on that gem.... An ex-coworker made over 4 million from that...bastard.  :mad:


--------------------
"Life has never been weird enough for my liking"


Extras: Filter Print Post Top
InvisibleSilversoul
Rhizome
Male User Gallery

Registered: 01/01/05
Posts: 23,576
Loc: The Barricades
Re: Stock Traders: What are your positions?! [Re: Rono] * 1
    #4890169 - 11/03/05 06:15 PM (18 years, 2 months ago)

Quote:

Rono said:
Ah yes...the Bre-X scandal.  Many fortunes were made (and lost) on that gem.... An ex-coworker made over 4 million from that...bastard.  :mad:



I'm guessing that's why he's an ex-coworker, eh?


--------------------


Extras: Filter Print Post Top
OfflineRonoS
DSYSB since '01
Male User Gallery

Registered: 01/25/01
Posts: 16,259
Loc: Calgary, Alberta
Last seen: 10 months, 24 days
Re: Stock Traders: What are your positions?! [Re: Silversoul] * 1
    #4890264 - 11/03/05 06:36 PM (18 years, 2 months ago)

bingo.


--------------------
"Life has never been weird enough for my liking"


Extras: Filter Print Post Top
InvisibleLana
Head Banana
Female

Registered: 10/27/99
Posts: 3,109
Loc: www.MycoSupply.com
Re: Stock Traders: What are your positions?! [Re: Rono] * 1
    #4892688 - 11/04/05 06:45 AM (18 years, 2 months ago)

I'm with Rono, trade the Forex.

50% gains are not uncommon. The forex is the largest financial market in the world, with a daily average turnover of US$1.9 trillion -- 30 times larger than the combined volume of all U.S. equity markets.

It only became legal to trade here in the US in the late 90's I think.

Most folks blow out their first few accounts so start off with a mini account ($1.00 pips) and work your way up.

IMHO stocks are dead.

Lana


--------------------
Myco Supply - Distributors of Mycological Products
http://www.MycoSupply.com

The Premiere Source for Mushroom Growing Supplies.
Visit us online or call us toll free


Extras: Filter Print Post Top
OfflineLiquidSmoke
My title's cooler than yours DBK

Registered: 09/04/01
Posts: 25,335
Loc: S.A.G.G.Y.B.A.L.L.S.
Last seen: 6 months, 26 days
Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4895546 - 11/04/05 09:19 PM (18 years, 2 months ago)

CNXT 4:00PM ET 2.32 0.09 +4.04%

we're still alive baby!!!!


--------------------
"Shmokin' weed, Shmokin' wizz, doin' coke, drinkin' beers.  Drinkin' beers beers beers, rollin' fatties, smokin' blunts.  Who smokes tha blunts?  We smoke the blunts" - Jay and Silent Bob strike Back


Extras: Filter Print Post Top
OfflineCherk
Fashionable
Male User Gallery

Registered: 10/25/02
Posts: 46,493
Loc: International Flag
Last seen: 1 year, 2 months
Re: Stock Traders: What are your positions?! [Re: LiquidSmoke] * 1
    #4895577 - 11/04/05 09:31 PM (18 years, 2 months ago)

Where would you guys point a young punk like me trying to get into the market? Can anyone recommend some good books to get started with?


--------------------
I have considered such matters.

SIKE


Extras: Filter Print Post Top
OfflineLiquidSmoke
My title's cooler than yours DBK

Registered: 09/04/01
Posts: 25,335
Loc: S.A.G.G.Y.B.A.L.L.S.
Last seen: 6 months, 26 days
Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4895657 - 11/04/05 10:00 PM (18 years, 2 months ago)

hey keep an eye on pfizer.

word on the street is that they're currently seeking government review/approval over a new inhalable insulin. This could be HUGE.


--------------------
"Shmokin' weed, Shmokin' wizz, doin' coke, drinkin' beers.  Drinkin' beers beers beers, rollin' fatties, smokin' blunts.  Who smokes tha blunts?  We smoke the blunts" - Jay and Silent Bob strike Back


Extras: Filter Print Post Top
OnlinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 5 minutes, 12 seconds
Re: Stock Traders: What are your positions?! [Re: Cherk] * 1
    #4898874 - 11/05/05 10:44 PM (18 years, 2 months ago)

Quote:

Smoker For Peace said:
Where would you guys point a young punk like me trying to get into the market?  Can anyone recommend some good books to get started with?



www.investors.com
www.thestreet.com
CNBC Network Television (daily business news)

But to tell you the truth, it's going to be difficult to make any real money in the market right now.. and for all senses and purposes I would suggest you only play with money that you don't really need, since the volatility could leave you hurting very quickly should there be some terrible turn of events in the economy/world.  There are also plenty of books out there from various brokers, analysts, enthusiasts, etc.. I just picked up Jim Cramer's Real Money (Sane Investing in an Insane World), it should prove interesting but I'm not expecting any miracles.  Honestly, if you're really looking to get into the market, experience and diligence is by far the best teacher.  Put some discretionary money into play and keep up to date on world news and of course any news related to your company (quick listings of which can be had free of charge through the major online brokerage firms: ie. ameritrade, etrade, scottrade, etc).

Jim Cramer, who wrote the book I bought, also has a program on CNBC at 6pm, 9pm, and 12pm eastern time which gives ya some good tips, investing methods, and just plain ol' entertainment - the guy is an absolute madman but he makes trading fun because of it.  Just beware, sometimes he can be very enthusiastic and you should take all of his recommendations with a grain of salt.  Do your homework, consider the overall sector performance for the companies you're investing in (after all they say half of a stock's performance relies on overall industry-sector performance), know the company's future prospects, past quarterly performance, and once you have your money involved, make sure you keep up to date on it all.  It can be very nerve wracking what with the wild swings from time to time, but the most important take away is Don't Panic!.  Go with best-of-breed companies for long term investments and don't let your emotions get the best of you - concentrate on the fundamentals of each business and its future growth prospects.

Good luck!.. and again, don't plan on getting rich quick - it could happen, but it's not too likely :wink:


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
Offlinegregorio
Too Damn Old
Male

Registered: 09/08/05
Posts: 2,831
Loc: Classified
Last seen: 6 years, 4 months
Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4898931 - 11/05/05 11:02 PM (18 years, 2 months ago)

I am not currently trading stocks right now but I plan to get back in one of these days. Maybe after the whole Iraq thing is done and over. I still enjoy researching stocks and trying out different theories on my computer. One of my studies have shown that heavy insider trading is a great indicater of stocks that are going to make a nice move in a short period of time.

I do trade the Mini-Dow futures, and have done fairly well when you consider that 80% of the people who trade futures quite trading within a year due to losses. It's been three years now for me and I am still trading. I'm up about 200% over three years.

My first year was painfull, but I learned so much during that first year. 67% of my trades were winners but by the end of the year I had lost over 50% of my original initial investment.


Edited by gregorio (11/05/05 11:05 PM)


Extras: Filter Print Post Top
OfflineMcKennaFan200
AmateurGairologist

Registered: 04/30/04
Posts: 5,395
Last seen: 10 years, 4 months
Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4898935 - 11/05/05 11:03 PM (18 years, 2 months ago)

I just stumbled on this thread for the first time as I'm reading about investing money, odd. Thanks for all the info geo, you really know your shit eh? I'm going to start saving and investing, have no clue what the hell I'm going to do, but I'm reading as much as I can and watching cnbc a lot recently. Wish me luck, haha.


--------------------


"It seemed to me culture is a shabby lie. Or at least this culture is a shabby lie. If you work like a dog, you get 260 channels of bad television and a German automobile. What kind of perfection is that?"-McKenna


Extras: Filter Print Post Top
OnlinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 5 minutes, 12 seconds
Re: Stock Traders: What are your positions?! [Re: gregorio] * 1
    #4899035 - 11/05/05 11:25 PM (18 years, 2 months ago)

> I'm up about 200% over three years.

That's beautiful, so you tripled your money in 3 years?  How much time do you spend doing this?  Any tips or advice with respect to your success or has it been luck? That's a very good return - I could only dream to see that type of reward! :grin:  .. Must admit it is reassuring to hear that your first year was painful - my first six months haven't been a picnic, but thankfully I am hovering around breakeven (and a few % above thanks to last week's rally).  As is evident, experience really is the best teacher.  I hear ya on the insider trading - I love it when the stocks I hold have insiders loadin' up for themselves.  You know they wouldn't be putting their money there unless they thought something good is on the horizon.  :rocket:

McKennaFan:  I don't know my shit really.  I've been at this for only 6 months now and still learn new things as the weeks go by.  I try to share what I think I know - but one of my main intentions in creating this thread is to see what other people might teach me from their own experience!  I got your wish for luck covered, but you're gonna need more than that to make some serious cash :wink:


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
Offlinegregorio
Too Damn Old
Male

Registered: 09/08/05
Posts: 2,831
Loc: Classified
Last seen: 6 years, 4 months
Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4899170 - 11/06/05 12:06 AM (18 years, 2 months ago)

Quote:

geokills said:
> I'm up about 200% over three years.

That's beautiful, so you tripled your money in 3 years?  How much time do you spend doing this?  Any tips or advice with respect to your success or has it been luck? That's a very good return - I could only dream to see that type of reward! :grin:  .. Must admit it is reassuring to hear that your first year was painful - my first six months haven't been a picnic, but thankfully I am hovering around breakeven (and a few % above thanks to last week's rally). 




With the hours I work I have the oppurtunity to do it every day, which I did religiously when I first started. I treated it as a job,I can't do it everyday now, it is just too stressfull, but my mind is allways on the markets.

Before you push that button on your computer to enter a position, you should know beforehand where your stop-loss level is going to be at and enter that stop-loss immediatly. Not using a stop-loss has cost me dearly, one bad trade can wipe out months of good steady trading in one day. I used to tell myself," It will come back, just as long as I break even on this trade." And then the next day, " It will rebound a bit today if I only lose a couple hundred on this trade, I can live with that."  It never comes back. Cut losses quickly and early and don't give it a second thought.

Many of my trades are based on nothing more than a gut feeling. Is this luck? Partialy true, but not entirely.

I have made some killer trades using a 5-minute interval chart and every once in a while you will see the 5,10,100,and 200 minute averages all converging at one particular point. When that happens, look out, the Dow is getting ready to make a big move. The only question is; Do you go long or short?

I have also found that  in overnight trading if a 30-50 point move has been made before the actual market opens, go with the flow, it will usualy continue in that direction for the first hour of open trading.

After 3 years I still am only trading one contract at a time for the most part. And you know, I am still satified with those little 10-15 point winning trades that can materialise in a matter of minutes. And then usualy I will call it a day.


Extras: Filter Print Post Top
OfflineInjectTruth
Wasting my Time,Waiting for theEnd
Male

Registered: 10/05/03
Posts: 778
Loc: New Jerusalem
Last seen: 28 days, 1 hour
Re: Stock Traders: What are your positions?! [Re: gregorio] * 1
    #4899291 - 11/06/05 01:14 AM (18 years, 2 months ago)

Interesting stuff. I have a very small amount in a scottrade account. Getting pretty good returns, makes me wish I had started with more money.

Got NXTL at $17.71
PVN at 9.45
PETM at 22.65

Does anyone have any methods to make like $50 - $100 a day?


--------------------
On a personal level, Freaking Out is a process whereby an
individual casts off outmoded and restricting standars of
thinking, dress, and social etiquette in order to express
CREATIVELY his relationship to his immediate environment and
the social structure as a whole.

http://www.OrganicPharming.com - Ethno Shopping Portal


Extras: Filter Print Post Top
InvisiblePrisoner#1
Even Dumber ThanAdvertized!
 User Gallery

Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
Re: Stock Traders: What are your positions?! [Re: InjectTruth] * 1
    #4899343 - 11/06/05 01:32 AM (18 years, 2 months ago)

invest $250k and $100 a day shouldnt be a problem


Extras: Filter Print Post Top
OfflineInjectTruth
Wasting my Time,Waiting for theEnd
Male

Registered: 10/05/03
Posts: 778
Loc: New Jerusalem
Last seen: 28 days, 1 hour
Re: Stock Traders: What are your positions?! [Re: Prisoner#1] * 1
    #4904409 - 11/07/05 01:18 PM (18 years, 2 months ago)

Thats the problem, I guess than huh? Need money to make money kinda deal.

back to the drawing board...


--------------------
On a personal level, Freaking Out is a process whereby an
individual casts off outmoded and restricting standars of
thinking, dress, and social etiquette in order to express
CREATIVELY his relationship to his immediate environment and
the social structure as a whole.

http://www.OrganicPharming.com - Ethno Shopping Portal


Extras: Filter Print Post Top
OfflineMicrocosmatrix
Spiral staircasetechnician
Male

Registered: 10/20/05
Posts: 11,293
Loc: Ythan's house
Last seen: 17 years, 1 month
Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4904454 - 11/07/05 01:32 PM (18 years, 2 months ago)

I'm long in one contract of Soybean Oil now. Bought it at $22.53.

I'm currently up +0.14, which is basically nothing compared to how that market moves. I'm up about $84.


--------------------
:orly:



Extras: Filter Print Post Top
OfflineLiquidSmoke
My title's cooler than yours DBK

Registered: 09/04/01
Posts: 25,335
Loc: S.A.G.G.Y.B.A.L.L.S.
Last seen: 6 months, 26 days
Re: Stock Traders: What are your positions?! [Re: Microcosmatrix] * 1
    #4909215 - 11/08/05 01:21 PM (18 years, 2 months ago)

after yesterday and today


all i can say is....ouch.



MUST KEEP THE FAITH!!


--------------------
"Shmokin' weed, Shmokin' wizz, doin' coke, drinkin' beers.  Drinkin' beers beers beers, rollin' fatties, smokin' blunts.  Who smokes tha blunts?  We smoke the blunts" - Jay and Silent Bob strike Back


Extras: Filter Print Post Top
OnlinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 5 minutes, 12 seconds
Re: Stock Traders: What are your positions?! [Re: LiquidSmoke] * 1
    #4909644 - 11/08/05 03:27 PM (18 years, 2 months ago)

Hate to say I told ya so.. wait.. no I don't! :smirk:

My overall portfolio has remained unchanged since I started this thread.  It would have been up another 3% overall if I hadn't made the decision to pull out 60% of my holdings in DNA and move them into ECA right before EnCana reported their 3rd quarter earnings.  Their report wasn't taken too favorably and that holding now has me down 7% :crying: .. all the while DNA (genentech/bioengineering) is up a total of over 10% from my cost basis, and I sold 60% of it when it was up around 5%

:foreheadslap:

Ah well, them's the breaks.  Thanks to my diversification, I've seen no overall loss :grin:

My current standings:

Name (Symbol) ... | Purchase Price | Current Price | Gain/Loss | Time-Span*

Genentech (DNA).......... 85.10 ..... | ..... 93.90..... | +10.33% | 4 months
Sonic Corp (SONC)....... 28.99 ..... | ..... 29.00 .... | +0.03% |  1 month
GameStop (GME).......... 34.12 ..... | ..... 36.39 .... | +6.67% | 4 months
Microsoft (MSFT)........... 26.00 ..... | ..... 27.05 .... | +4.03% | 6 months
Altria (MO)................... 73.15 ..... | ..... 74.52 .... | +1.87% | 2 months
EnCana (ECA).............. 48.86 ..... | ..... 45.45 .... | -6.99% | 2 months
UnitedHealthcare (UNH). 54.82 ..... | ..... 58.07 .... | +5.93% | 5 months

LiquidSmoke, my advice to you is to immediately sell your position in CNXT tomorrow morning.  I would estimate at this point that the stock will stay flat for the foreseeable future, with some possible profit-taking on account of the large run it had last week as investors get tired of waiting around for another.  There is a slight chance that their upcoming contracts for integrated television/telecommunications platforms will give them a boost - but there is so much competition between the traditional telco's and cable television right now (both scrambling to suck up market share for integrated phone/television services), that I wouldn't want to be there on the front lines if I were you.

My best recommendation would be to use the money you get back from your CNXT position and dump it into UNH immediately.  As I've told you privately, this company has been under some heavy-profit taking over the last few days.  It has been confirmed that the majority of the stock's downward trend over this time is due to a single seller that owns mammoth loads of this stock and is cutting his position.  As soon as he's done unloading, the stock should begin to rise again - and seeing that it is now about 5% off of its high from last week, I strongly suggest you move from cnxt into UNH.  Not only because it is a better company with more promising future prospects, but also because it will help diversify your incredibly unbalanced portfolio.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflineRonoS
DSYSB since '01
Male User Gallery

Registered: 01/25/01
Posts: 16,259
Loc: Calgary, Alberta
Last seen: 10 months, 24 days
Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4909661 - 11/08/05 03:35 PM (18 years, 2 months ago)

Not sure if you know about it or not (I'm sure you do) but Shell is trying to buy Encana...


--------------------
"Life has never been weird enough for my liking"


Extras: Filter Print Post Top
OnlinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 5 minutes, 12 seconds
Re: Stock Traders: What are your positions?! [Re: Rono] * 1
    #4909770 - 11/08/05 04:01 PM (18 years, 2 months ago)

There have been quite a few bids upon EnCana in fact, with Shell of course being one of the major players.  At this point EnCana has made no formal statements on whether or not they are even considering accepting any of the bids, and a good rule of thumb is never to invest upon takeover speculation since it can land you into a world of hurt.  Thankfully, since I had decided to invest in EnCana due to their expanding oilsands operations and strong hold in north america, the takeover speculation is more of a bonus consideration for me :grin:


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
Jump to top Pages: < Back | 1 | 2 | 3 | Next >  [ show all ]

Shop: North Spore Injection Grain Bag   Bridgetown Botanicals Bridgetown Botanicals   Kraken Kratom Red Vein Kratom   PhytoExtractum Buy Bali Kratom Powder


Similar ThreadsPosterViewsRepliesLast post
* Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects
( 1 2 3 4 ... 500 501 )
geokillsA 250,325 10,002 01/27/24 05:04 PM
by geokills

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, automan
12,869 topic views. 0 members, 2 guests and 2 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.022 seconds spending 0.003 seconds on 13 queries.