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OnlinegeokillsA
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Stock Traders: What are your positions?! * 1
    #4883889 - 11/02/05 01:57 PM (18 years, 2 months ago)

In the hilarious and often-wise words of media personality Jim Cramer, "I'm not in this to make friends; I'm in it to make money!"

After bustin' a little search and finding [this other thread] on trading, I figured I'd open up a new topic designed specifically to see what people are trading, and how their positions have been performing.  As stated in the previously linked thread, I primarily aim for long-term investments in the best of breed companies that won't as readily fall prey to wild speculative fluctuation.  I do this so that I can take a day or three without watching the market, and not trip about all the money I might be losing.  I also do this because it will hopefully allow me to easier hold my positions for over 12 months in order to qualify for the lower long-term capital gains tax, as opposed to the short-term tax for gains received in less than 12 months.  Finally, there's no need to share how much money you are actually investing (unless you want to), but I am curious to see if there are other investors here and how their positions may be performing.  Any commentary on your personal investment style would also be interesting!  Allright, let's get started:

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

Genentech (DNA).......... 85.10 ..... | ..... 92.03..... | +8.14% | 3 months
Sonic Corp (SONC)....... 28.99 ..... | ..... 28.77 .... | -0.76% | < 1 month
GameStop (GME).......... 34.12 ..... | ..... 36.15 .... | +5.96% | 4 months
Microsoft (MSFT)........... 26.00 ..... | ..... 26.48 .... | +1.84% | 6 months
Altria (MO)................... 73.15 ..... | ..... 74.80 .... | +2.26% | 2 months
EnCana (ECA).............. 48.86 ..... | ..... 47.93 .... | -1.91% | 2 months
UnitedHealthcare (UNH). 54.82 ..... | ..... 59.70 .... | +8.91% | 5 months

* My time span estimates are only estimates.. I didn't want to dig through my purchase history to find the specific date :tongue:


So far, I'm up 2.97% in a little less than 6 months.  Not bad considering the absolutely hellacious behavior of the markets over September and October - where almost everything went down under massive selling pressure due to inflation, rising interest rates, and uncertainty related to the recent hurricanes and governmental drama.  Thankfully, it looks like things in fact did OVER-sell, and there has been a very solid rally this week, and speculations that there will be a positive upside through the end of the year.  Take my advice with a grain of salt though, as lord knows I've been wrong - if you're excited to get in on the market, I would probably wait until next week to see if this most recent rally is sustainable, 'cause there could very well be a small pull-back as people take some of these profits off the table.

WooT! :laugh:
Now let's see what you got :rocket:


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OfflineMicrocosmatrix
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4883920 - 11/02/05 02:04 PM (18 years, 2 months ago)

My position is interested observer. I'm gonna come back to this thread later and hopefully learn something. Thanks for making this thread!

:thumbup:


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Invisiblegoobler
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4883943 - 11/02/05 02:10 PM (18 years, 2 months ago)

I'm up like 43% this YTD


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OfflineRonoS
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4884076 - 11/02/05 02:49 PM (18 years, 2 months ago)

Go with Currency trading....roughly 50% profit per year and much more stable than the stock market. The downside is that you need a minimum of $10,000 to get started.


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"Life has never been weird enough for my liking"


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OnlinegeokillsA
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Re: Stock Traders: What are your positions?! [Re: Rono] * 1
    #4884383 - 11/02/05 04:14 PM (18 years, 2 months ago)

50% profit per year?  That must take some considerable work to make such a large return - otherwise why wouldn't everyone be doing that?  I'm interested, tell me more!

Let me also state that I'm not planning on getting rich off the market - and it is more of a hobby and a way to keep my discretionary cash dynamically involved, than a way to put food on the table.  The key word here is discretionary -- I'm not investing money that I *need*, since I do understand the risks and would not feel at all comfortable trying to make a living off of the stock market.  For now, it's just an interesting way to spend some time, and a reason to get my ass outta bed early (since my other two main sources of income arise from self-employed business ventures and otherwise I'd just sleep half the day :wink: ).


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OfflineRonoS
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4884963 - 11/02/05 06:15 PM (18 years, 2 months ago)

Quote:

That must take some considerable work to make such a large return - otherwise why wouldn't everyone be doing that? I'm interested, tell me more!




Actually, 'everyone' is...meaning..large corporations, banks etc. The work can be whatever you want...I have complete trust in my broker so I let him make the decisions.

I'll get you the info you need to get started and PM it to you...


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"Life has never been weird enough for my liking"


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OfflineDrink_Punk_Soda
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Re: Stock Traders: What are your positions?! [Re: Rono] * 1
    #4885031 - 11/02/05 06:27 PM (18 years, 2 months ago)

Actually if you wouldn't mind posting the info, I'd be very interested as well.  :thumbup:


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OfflineLiquidSmoke
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4885062 - 11/02/05 06:33 PM (18 years, 2 months ago)

CNXT 4:00PM ET 2.16 0.19 +9.64%

JDSU 4:00PM ET 2.221 0.141 +6.78%

today was a good day...

oh and Cramer was plugging this one yesterday, and guess what happened?

CD 4:02PM ET 18.04 0.73 +4.22%


--------------------
"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


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OfflinePhred
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4885616 - 11/02/05 08:38 PM (18 years, 2 months ago)

I moved out of equity stocks over two years ago except for Apple Computer. Let's face it -- the market has been going sideways for going on two years now: Dow between 10,200 and 10,600 for freaking EVER. So making any significant coin on equities is tough unless you're willing to jump in and out frequently. Not day trading, exactly, but you can't just plunk it in and let it sit for months or years, which is what I do living in my third world country with no stock market of its own. I can't be bothered calling my broker long distance more than a coupla times a year. It's not that difficult to find income producing stocks these days which will deliver ten to twelve per cent.

I don't remember what I bought Apple at, exactly -- I think it was just over $15. Closed today just under $60.



Phred


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Invisiblebadchad
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Re: Stock Traders: What are your positions?! [Re: Phred] * 1
    #4885686 - 11/02/05 08:52 PM (18 years, 2 months ago)

I eluded to this in the earlier thread:
My portfolio started when I was very young (within a few years of birth, I'm not exactly sure when). Mom was a secretary at a local firm so she put away 1K for a college fund. Since I got a scholarship I didn't need it. I logged in today at 35K.

If my math is correct thats about 16-17%. Not too bad considering it was designed to be very stable/secure (low risk).


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...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

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OnlinegeokillsA
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Re: Stock Traders: What are your positions?! [Re: Phred] * 1
    #4885810 - 11/02/05 09:20 PM (18 years, 2 months ago)

Nice ride on Apple Phred!  I've been watching it since it was
down @ $35 six months ago.. and have been kickin' myself
for never jumpin' on the train the entire time I'm watching it
scale a goddamn mountain 
:bottledup: :foreheadslap:

Rono, I agree brokers kick ass - myself and family members have been working with a guy here in southern California for over 20 years (myself for ~10).  The hold time has been anywhere from 2-6 years, but when you get to sell you often see excellent returns (I've personally seen up to 42% in a single year, and average about 18% yearly over 10 years).  Right now I have a chunk o' change set through this broker in BostonCapital's fund set to liquidate in the next 18 months or thereabouts - I hope it'll be as sweet as his other investments have been. :thumbup:

badchad, congrat's - my parents were also kind enough to setup an investment portfolio when I was young, which is largely the money that has allowed me to pursue my own entrepreneurial investments :heart:


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InvisibleSkorpivoMusterion
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4885883 - 11/02/05 09:36 PM (18 years, 2 months ago)

I invest in index funds at the moment, with Transamerica. It's a basic long-term investment thing, and I'm not sure if I'll ever want to get involved into the more "intense" business of stock market trading.

I've been very interested in investing with the Alpine U.S. Real Estate Equity Fund [minimum 1k investment] as an aside. I read about them on Kiplinger's financial magazine. Over the past five years to June 1, the no-load fund returned an annualized 34%. That's an amazing 36 percentage points per year better than the results of Standard & Poor's 500-stock index, and it made Alpine the best-performing stock fund of any sort over that period. It is also the number-one real estate fund over the past ten years.

http://www.alpinefunds.com/

Real estate, is where I like to play. Currently I've invested in 20 acres of land, ranch-style and unzoned, 30 or so miles from El Paso. Buy land, people. God isn't making anymore.



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OfflineLiquidSmoke
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4887922 - 11/03/05 10:05 AM (18 years, 2 months ago)

CNXT 11:46AM ET 2.31 0.15 +6.94%

JDSU 11:46AM ET 2.33 0.11 +4.91%

CD 11:41AM ET 18.42 0.38 +2.11%


OH YOU LIKE THAT BITCH!!?!

BOOOYAHHH!!!! DADDY!!!! BU BU BUY BUY BUY BUY!!

*beeeep beeeep beeeep* time for a MOW BACK!!!!

MOOOOO!!! MOO MOOOOO!!!!! BULL MARKET!!!


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"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


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OfflineLiquidSmoke
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Re: Stock Traders: What are your positions?! [Re: LiquidSmoke] * 1
    #4887976 - 11/03/05 10:17 AM (18 years, 2 months ago)

CNXT 11:58AM ET 2.32 0.16 +7.41%

JDSU 11:58AM ET 2.34 0.12 +5.36%



this news just in....liquidsmoke is pwning geokills in the stock market PWNAGE!!!!


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"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


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OnlinegeokillsA
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Re: Stock Traders: What are your positions?! [Re: LiquidSmoke] * 1
    #4888353 - 11/03/05 11:38 AM (18 years, 2 months ago)

:lol: (Note: I only laugh because I love)

You have a portfolio entirely weighted towards semi-conductors, AND you told me you put in your online order last night, meaning that it wouldn't have traded until this morning when those stocks opened well above yesterday's close.  Not to mention, you're playing off of the momentum from CNXT's good 3rd quarter numbers released yesterday, which is totally sketchy since you got in the day AFTER the stock posted a +12.5% run.  If in fact your order did trade this morning at an opening price of $2.24/share, and some 4 hours later is trading at $2.26/share (on a downward trend since it's peak 2 hours ago), you are in fact only up 0.9% right now on CNXT.  I won't bother to do the arithmetic on the JDSU, since those numbers are probably just as inflated :wink:

Current day chart for CNXT:




5-Day Chart for CNXT.. it's a shame you didn't get in on Tuesday morning :smirk:
(red line indicates the most likely purchase price on your shares)




But on a SERIOUS note, I know you've already had your heart broken by these two same stocks back in the market recession at the turn of the century. You need to diversify your portfolio so that it's levered towards different sectors of the economy - it's only common sense since CNXT and JDSU almost always follow each other based upon the overall sector trends of the semiconductor industry.  In other words, brace yourself for impact my friend :undecided: 

Keep in mind, my purpose here is not to ridicule you, but to share advice so that you may avoid makin' the same n00b mistakes I've been making over the last 6 months. :tongue:


My porfolio had posted some gains earlier today at an overall of 3.5% from yesterday's 2.97%... though unfortunately about 20 minutes ago my largest holding, United HealthCare, started to dive thanks to some huge seller who unloaded 5 million shares in a matter of a minute.  This is always the difficult part.. not panicing.  You really need to be disciplined enough to stifle your emotions whenever you're watching your holdings, and base decisions primarily on the long term fundamentals of the business.  Impulsive and/or hopeful decisions are how you lose the most money - but of course you can't just sit inactive either.  Since I made the not-so-responsible decision of gettin' stoned this morning at 9am, I'm going to ride this dip out and hope that I'm not kicking myself tomorrow considering my pretty 10% gain from this morning on UNH is now down to around 6 :crying: !  Nevertheless, I've learned the hard way not to trade while stoned :stoned:

Just to reiterate how important diversification is.. today I could be really bummed about the losses in my UNH position (~25% of my entire portfolio, which admittedly is too much for a single stock to hold, and I plan to unload 33% of it as soon as it hits $62/share).  Anyway, peep the daily performance, thanks to the levered nature of my portfolio, I didn't feel the burn quite as much since other gainers balanced out the decliners:




.. and skorpivo, I agree land is key.  However, at the moment, I want to use my cash to support myself in the short-term by financing my own business so that I don't have to have some boss breathin' down my kneck all day.  Thankfully the business is showing promise and has been bringing in profits for the year I've been running it, but as it's a continual reinvestment to keep it running, I'm going to have to wait another year or three before seriously considering the purchase of some land.  Hopefully by then the housing markets will have pulled back from their record highs.. then again, hope has no place in business :tongue2:


Edited by geokills (11/03/05 02:59 PM)


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InvisibleRipple
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4888987 - 11/03/05 02:06 PM (18 years, 2 months ago)

I've done little since the early 90's when I lost 45K in the market.

These days I dabble a bit


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OnlinegeokillsA
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Re: Stock Traders: What are your positions?! [Re: Ripple] * 1
    #4889181 - 11/03/05 02:52 PM (18 years, 2 months ago)

I can see how that would dampen your spirits for the equity markets .. very shitty break :undecided:
I was about to stop after I was down $700 but decided to see this through for at least 12 months.

If I might ask, what are you dabblin' in these days, anyway?


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InvisibleCowgold
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4889252 - 11/03/05 03:06 PM (18 years, 2 months ago)

I'm not in the market anymore (sold out for my recent run in with the law)

I bought sirius satelite SIRI back in march of 03' when it was at $0.42 and sold it at 7.50 around February of this year

had some Haliburton HAL bought back in March or April of 03 (can't remember exactly) and sold at $18 after a month or two... wished I kept it

I need to save back up and get back in it


The best investment I ever made was... (in such a short time)
from the pinksheets

BBAN $.036 on 11/11/03 and sold it at $.051 on 11/24/03


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OfflineLiquidSmoke
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4889544 - 11/03/05 04:12 PM (18 years, 2 months ago)

hahahah damn you made a lengthy post talking about stuff we already discussed online.


all i can say is...


i'm KEEPING THE FAITH BABY!!!!  You wait and see.  Soon I will be back on top of the world like my Cisco and Pfizer pre-viagra days and YOU WILL KISS MY TOES!!!.


Hey look!

JDSU is up 8%. 

I need to really take a closer look at Cendant though, i'm very unfamiliar with their doings.  Cramer still recomends Peabody and UNH looks like it's perhaps the most stable incline i've ever seen in a 5 year period.  Absolutely amazing.

I'm waiting for the next big economic BOOM like the 99-00 era, although it may never happen again.  I am a reckless investor and i take pride in it.

I was spoiled from that time.  Totally spoiled.  MY dad was even warning me before I dumped 5 grand into the fiber optic stocks and ended up losing all my earnings from csco. Tough shit man.


Either way I know you're just stating all this stuff for the sake of conversation, since most of the people we know don't really know shit about stocks.  But yes, I am aware of the fundamentals of a stable safer stock investment plan, but as always, i say....FUCK IT TO HELL!!!!

Tech or die.  :smile:


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"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


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OfflinePhred
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4890031 - 11/03/05 05:45 PM (18 years, 2 months ago)

Heh. The Apple buy is nothing. My very best score was back in the late Seventies when the Hunt brothers were trying to corner the world silver market. I was late getting in (bought at $6.00 an ounce when I could have bought at $1.60 an ounce two weeks earlier) but I timed the exit pretty well -- it peaked at $45 an ounce and I sold out the next day at $41. I had exactly five hundred ounces, and had held them for less than a month. Sweet. Twenty grand in those days was serious money. At least it was for me.

My second best score was the Bre-X deal. You remember the scandal over that? Turned out it was a completely phony gold mine after all. Nothing there. A pure scam from the get-go. Anyway, I was late getting in on that one, too. I didn't buy till it was around $25. Sold a coupla weeks later at around $75, then kicked my ass till it was black and blue as I watched it soar to around $240 with splits in a matter of weeks. I almost told my broker to buy back in a couple of times but I thought it just couldn't keep going.

Then the news of the fraud came out and the stock plummeted to about eight cents in a few weeks.

I've lost on a few equities, but not very much and not very often. I just think that equities these days are pretty slow. Options on equities, however....





Phred


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OfflineRonoS
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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:


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InvisibleSilversoul
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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?


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OfflineRonoS
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Re: Stock Traders: What are your positions?! [Re: Silversoul] * 1
    #4890264 - 11/03/05 06:36 PM (18 years, 2 months ago)

bingo.


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InvisibleLana
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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


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OfflineLiquidSmoke
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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!!!!


--------------------
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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?


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OfflineLiquidSmoke
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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.


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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:


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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)


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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.


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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:


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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.


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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?


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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


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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...


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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.


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OfflineLiquidSmoke
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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!!


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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.


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OfflineRonoS
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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...


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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:


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OfflineLiquidSmoke
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #4911534 - 11/08/05 09:48 PM (18 years, 2 months ago)

damn you've really turned into a bonified goldman-sachs poser.

impressive.


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Re: Stock Traders: What are your positions?! [Re: LiquidSmoke] * 1
    #4913087 - 11/09/05 11:11 AM (18 years, 2 months ago)

CNXT 12:52PM ET 2.24 0.05 +2.28%


Keep going baby! KEEP GOING!!!

HAHAHAaHAhAhAHAHAHAHAhahahAHAHAHa


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Re: Stock Traders: What are your positions?! [Re: LiquidSmoke] * 1
    #4913116 - 11/09/05 11:20 AM (18 years, 2 months ago)

Soybean Oil (Day) December
22.95

+0.14 open: 22.78 high: 23.07 low:22.60

hahaha up another .30, this day looks like it belongs to the bulls!!

There's a Soybean report coming out tomorrow, and I think the people in the "know" are already going long based on it today. I think I could quite possibly make a good amount of money tomorrow.


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:orly:



Edited by Microcosmatrix (11/09/05 11:29 AM)


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Re: Stock Traders: What are your positions?! [Re: Microcosmatrix] * 1
    #4913271 - 11/09/05 12:21 PM (18 years, 2 months ago)

cool. never thought i'd stumble on a trading thread.

just curious... anyone trade options

:peace:

cateyes


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Re: Stock Traders: What are your positions?! [Re: cateyes] * 1
    #4914299 - 11/09/05 04:47 PM (18 years, 2 months ago)

I was into options for a short time. I made money on each one of them, but it's just as easy to lose on each one of them.

The advantage of options is that you know going into it just how much you can lose, unlike equities. The disadvantage of options is that if things go bad, you can't "wait it out". Once the time period is done, your option is worth nothing at all, while with equities a stock that drops will often recover given enough time.

The other thing with options (at least in my limited experience with them) is that if you're gonna win, odds are you'll win in the first half of the option's term. If you're at the halfway point in an option's lifespan and you're still not up, it's probably better to dump the damn thing, even if you take a bit of a hit.

I'm sure there will be traders in this thread who disagree with me on this last point and they may have compelling arguments to the contrary. I'm just saying that's what my experience was.




Phred


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Re: Stock Traders: What are your positions?! [Re: LiquidSmoke] * 1
    #5007106 - 12/02/05 03:17 PM (18 years, 1 month ago)

Quote:

LiquidThief said:
after yesterday and today
all i can say is....ouch.
MUST KEEP THE FAITH!!


You may have been right on your Conexant call! :lipsrsealed:

Looks like I was overly pessimistic as it has shown some nice gains by now - and admittedly, I am a bit biased against stocks with such a low share value since they seem to be able to swing more wildly in either direction than the larger stocks.  Nevertheless, I stand by my decision to recommend diversifying your portfolio by moving your CNXT funds into UNH (which has also shown very nice gains during the period).  Incidently, JDSU is doing something pretty cool, which is a reverse split that if memory serves, will make every 10 current shares into 1 future share.  This in turn will raise their per-share value, which will not only help people like me, psychologically, to invest.. but will also improve their numbers as now instead of rounding off earnings per share to 1 or 2 cents, EPS will be in the 10's of cents meaning that the market will see a clearer indicator of growth since EPS won't need to be rounded as heavily.  Particularly with JDSU, this will be very valuable to current shareholders as during their next quarterly report, the rounding error is in favor of making their upcoming EPS appear inflated, which will likely cause more investors to become interested due to the larger than expected increase in year-over-year earnings, in part attributable to the rounding phenomenon from their reverse split.

On to my own portfolio though, November was a fairly good month except for one terrible decision I made to hold EnCana (canadian oil & natural gas play) until it bottomed.  Ideally, I should have drawn out at the beginning of November when oil prices started to slip - however I didn't put two and two together and figured that oil would stay strong and EnCana was just going through some profit taking, indicating to me an opportunity to pile more money in!  So, down some 4% from my cost basis I did put more money in, only to watch the holding dive to 13% in the red, at which point I realized it was due to across-the-board speculation that oil prices would continue to fall - so I dumped and ran, putting my money into Gilden Activewear (GIL) while also increasing my position in Genentech (DNA).  Fortunately, both of these moves have paid off, and here are my current standings:

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

Genentech (DNA).......... 90.03 ..... | ..... 98.80..... | +9.74% | 5 months
Sonic Corp (SONC)....... 28.99 ..... | ..... 29.98 .... | +3.41% | 2 month
GameStop (GME).......... 34.12 ..... | ..... 35.20 .... | +3.18% | 5 months
Microsoft (MSFT)........... 26.00 ..... | ..... 28.01 .... | +7.72% | 6 months
Altria (MO)................... 73.15 ..... | ..... 73.32 .... | +0.23% | 2 months
Gilden (GIL)................. 37.07 ..... | ..... 41.28 .... | +11.36% | 1 month
UnitedHealthcare (UNH). 54.82 ..... | ..... 61.97 .... | +13.05% | 5 months


Of interest to note, Gamestop (GME) pulled back sharply after they ran out of their first allotment of Xbox 360's, and there were doubts as to how quickly MSFT will be able to replenish depleted retailer supply.  Nevertheless, the stock already jumped back 4.73% today alone, only 3 days after the concern was expressed.  While this stock swings wildly, it should be a great play into 2007 as the video game cycle heats up and if anyone is interested in investing, I'd advise you to keep an eye on this one and try to buy it anywhere below $34 (and DEFINITELY below $32).

Gilden (GIL), my newest holding - makes the blank T-shirts that people use to silkscreen company or club logos on to.  They are also expanding into socks and other miscellaneous activewear.  While they have traditionally been a wholesaler, they are starting to turn their administrative operations into retail mode which will allow them to significantly increase their sales margins while maintaining steady production overhead.  Consider that, along with the record quarterly earnings they released earlier this week (largely responsible for the huge gain I'm showing on this holding), and you have a potential money maker which should mature within 1-3 years.  If this one pulls back below $39.50, I'm going to increase my position by buying more (also known as doin' a 'monback).

Microsoft (MSFT) though up some 9% over the last 2 months, still remains incredibly cheap in comparison to its peers in the industry.  This company is a giant and I have a feeling that once their Xbox really gets into the market, and they announce the release of Windows Vista (formerly Longhorn) during the coming year, that the share price should continue to grow considerably as it has been doing steadily over the last couple months.

Altria (MO) is probably going to flatline where it is for quite some time, as speculation over delays in the breakup of their various companies due to litigation has caused some analysts to downgrade its performance, which always results in negative market reaction even if the analysts are smoking crack!  I still think it's a safe hold for now, but am not expecting any large gains for upwards of a year and do not plan to add to my position.

Genentech (DNA) and UnitedHealthcare (UNH) still exhibit solid fundamentals and growth opportunity, but they have had a big run.  These are great companies though, so if you want to get in I would wait for DNA to pull back to $96 and UNH to come down below $60.

On the whole, since I've started this venture in the market, my portfolio is showing a 4.3% gain overall (and that includes all the n00b mistakes I had lost money to during my first two months in practice).  Excluding my beginnings and counting only the last 60 days, my portfolio has risen nearly  7% overall :heart:

Oh and hey, as one last note of encouragement, November historically kicks off the best 6 months of the trading year - and when there's a solid November, history has it very likely that we will have a solid December to follow!  So take a gamble and play with your money :laugh:


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OfflineLiquidSmoke
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #5010768 - 12/03/05 03:03 PM (18 years, 1 month ago)

yeah, i was somewhat crestfallen after selling cnxt at 2.3 ish just to see it go up to 2.69.

oh well, that's the last time i'm taking your advice seriously. :smirk:


i keed i keed.


--------------------
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OfflineMcKennaFan200
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Re: Stock Traders: What are your positions?! [Re: LiquidSmoke] * 1
    #5010780 - 12/03/05 03:07 PM (18 years, 1 month ago)

I wish I would have had money saved up to buy some UNDER ARMOUR (UARM) shares when it came out....holy shit balls, I knew it was going to be BIG on opening day, but +15.00 (+115% if I remember right) blew my mind!! Damn my lack of money, haha. And uh...that's all I have to say.


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"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


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OfflineLiquidSmoke
My title's cooler than yours DBK

Registered: 09/04/01
Posts: 25,335
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Re: Stock Traders: What are your positions?! [Re: geokills] * 1
    #5236768 - 01/28/06 10:40 PM (18 years, 3 days ago)

BRCM Jan 27 69.87  11.15 +18.99%

:jawdrop:


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"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


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