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automan
blasted chipmunk


Registered: 09/18/03
Posts: 8,272
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Stock trading
#5783257 - 06/23/06 09:05 AM (17 years, 7 months ago) |
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so, i bought this stock a few years back:
http://finance.yahoo.com/q/bc?s=AVCA.OB&t=2y
in that time it has gone from $1.85/share to $17.00/share at the time of this posting. i believe it will see $22/share before it stops it's rise, but that will be a few months from now when they sell their North Carolina operations. today I set my sale price at $18.00/share because: a) I need a little money to move; and b) There is another company that I have been watching that I would like to get in on at the beginning like i did with this one. that brings me to...
http://finance.yahoo.com/q/bc?s=FDRA.OB&t=6m&l=on&z=m&q=l&c=
i do realistically beilieve is has amazing growth potential. do a little research on it. it has already split once and most people still do not know about it.
but listen, you shouldnt do all of your investing in single stocks. a smart investor puts the majority of his/her money in mutual funds. those of us that are a little older remember investing in the 90's. to me, single stock investing is fun as long as it is taken in stride and comes with a TON of research.
are there any other single stock investors in here?
-------------------- No, no, you're not thinking, you're just being logical. ~ Niels Bohr
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daussaulit
Forgetful

Registered: 08/06/02
Posts: 2,894
Loc: Earth
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Re: Stock trading [Re: automan]
#5783360 - 06/23/06 10:12 AM (17 years, 7 months ago) |
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Thats awesome. Especially since you've had the stock for more than a year, you won't have to pay as much tax.
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automan
blasted chipmunk


Registered: 09/18/03
Posts: 8,272
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Re: Stock trading [Re: automan]
#5786089 - 06/24/06 08:24 AM (17 years, 7 months ago) |
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maybe i put this thread in the wrong place. let's see if we have investors in the pub.
-------------------- No, no, you're not thinking, you're just being logical. ~ Niels Bohr
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Stonerguy
I smoke penis


Registered: 05/29/04
Posts: 5,538
Loc: Lost
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Re: Stock trading [Re: automan]
#5786107 - 06/24/06 08:39 AM (17 years, 7 months ago) |
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I have always wanted to get 100 bucks and find a reasearch the hell out of penny stocks and see what I could do with it.
-------------------- yawn... SG
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Corporal Kielbasa

Registered: 05/29/04
Posts: 17,235
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Re: Stock trading [Re: automan]
#5786360 - 06/24/06 11:26 AM (17 years, 7 months ago) |
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I roll the mutal fund market. Nothing beats having your stocks over a diversified market. I been recently getting into playing the game. With the mutual fund doing its thing i can have my guy sell some and buy into new stocks.
Earning 10 or 15 grand a year for moving money around is the best thing ever!!! In another year or two if i dont take any out, my money could easily double.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 11 hours, 11 minutes
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Re: Stock trading [Re: automan]
#5786423 - 06/24/06 11:53 AM (17 years, 7 months ago) |
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Investor right here! Got crushed by the correction over the last 6 weeks though  Ah well... live and learn 
I am currently holding:- GameStop Corporation (GME) - $37.67 / share - Video game retailer, merged with Electronics Boutique last year, got in right at the beginning of the cycle that has stemmed from the release of the Xbox 360, and upcomming release of Sony's new console. Plan to hold this one for another 1 - 3 years to see how the cycle will play out. At one point I was up 45% on this stock, in just over two months.. but unfortunately the recent correction cause me to slide back down to a 10% gain. This stock more than any other, has taught me the importance of incremental buying and selling around a core position, to capitalize on market volatility. The only downside with this strategy is that you need to pay regular attention.
- Gildan Activewear (GIL) - $42.28 / share - Canadian based wholesale clothing supplier. They have considerable marketshare for blank apparel (e.g., t-shirts that silkscreeners worldwide use to print third-party designs upon). They have also recently acquired new facilities overseas for producing socks and other items that will widen the scope of products they carry, and the best news of all is that they are moving to a direct retail model over the next year or two - which means that they will keep their efficient production costs, at the same time being able to sell each product for a higher profit margin since it will retail direct, instead of through a wholesaler. The largest downside to this stock imo, is that they are levered to the worldwide price of cotton... but as they have shown consistent double-digit growth and are always raising guidance, it's been a pretty happy stock to own (with the exception of the last 6 weeks
).
- Jacobs Engineering (JEC) - $76.81 / share - Based in my home state of California, with offices in 15 or more countries, these cats provide engineering, scientific consultation, and construction services to many industries such as aerospace, oil and natural gas, government contracts, etc.. I just picked this one up within the last two weeks, as it was getting hit hard, down 25% in the last two months - and being a solid company, operating in industries with solid growth prospects, it seems like a solid stock to own. I have not formulated an exit strategy on this one yet, but I will actively trade around my core position, and peel off 50% of my stake if and when the stock hits $100 a share.
- Arris Group (ARRS) - $12.17 / share - Telecommunications equipment producer. I've chosen this one because it seems well positioned to benefit from increased spending by cable and broadband companies as they fight viciously with the traditional telephone companies for market share. The cable companies have recently spent lots of time and money rolling out VoIP services bundled with their cable tv services, in effect offering consumers a one-stop shop for television, internet, and telephone services. Comcast put in more large orders earlier this year with Arris, and as Comcast is one of the leading cable suppliers, I believe this is indicative of the larger industry trend to expand as quickly as possible in order to retain customers and draw new customers from the traditional telecom providers. I aim to hold this position for the next 6 to 18 months, pending their new financial reports and updated guidance, as well as the focus of continuing trends for the cable industry.
- Nabors Industries (NBR) - $32.37 / share - This is a worldwide company offering oil related services, primarily land drilling. Well what with the huge profits the oil companies have been making over the last couple years with oil above $60 a barrel, presently staying around $70 a barrel.. it only makes sense that the big oil corp's will be reinvesting this profit into sourcing new oil supply, and expanding drilling operations to maintain competitive market share in an industry that is flooded with cash right now. This company also got hit during the recent correction, at one point down over 27% from its high in mid-May. It has startd to come back, and I reckon that this company has serious potential to double in value over the next 12 - 18 months, particularly if oil stays around $70+ a barrel, which it seems it will.. I'm also going to be keeping my eye sharp for some spikes in the stock during hurricane season - and try to lock in some of that value if any of the big ones hit. Heck, if it works out I'll even donate some of my winnings to hurricane relief.
Gambling is fun.. and I prefer the educated odds in the stock market over those of Vegas any day. But auto - not that I am the most competent investor - I am still young and this is my first year actively trying my hand at this.. but your investment strategy scares me, in that you seem to be playing your money in completely unregulated securities that trade on the OTCBB (over the counter bulletin board). Due to the very minimal regulation, it is not uncommon to see exceptionally quick movement, to the up or downside, whenever odd news may break. I suppose if you catch one on the way up then it's all good.. but these seem too risky for me to feel comfortable. From my experience, they also seem to carry a small float and volume, further contributing to steep volatility and low liquidity (which if the stock turns south, typically means you will not be able to sell it quick enough to avoid very heavy losses). The first stock I invested in was one of these: Amedia Networks (AANI). I cashed out about $1000 from a $4000 investment over three months.. and I'm glad I sold where I did because it wasn't long before its value snapped in half and I would've lost $2000 if I held it for just a couple more months.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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automan
blasted chipmunk


Registered: 09/18/03
Posts: 8,272
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Re: Stock trading [Re: geokills]
#5786508 - 06/24/06 12:36 PM (17 years, 7 months ago) |
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i feel you, geo. otc stocks are a risk. i only invest in single stocks that i have tried their product and love, or know people in management... not as in know people that feed me information, but if a company has a truely talented group of executives, i put spare money in that stock.
like i said in the first post, i do all long term investing in mutual funds. otc is for fun.
-------------------- No, no, you're not thinking, you're just being logical. ~ Niels Bohr
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