***Tripster's 2008 Investments (Ongoing thread)***

[popozudalvr]

lol I picked up 33 shares of Bear and Stearns at $3.65. I figure it will at least go up to $6+, so I could make double the loot that I put in lol.

Let me know what you think, and if i should get out quicker while i am ahead!

It's a crazy play, but the stock has to linger for a bit, I'm sure there will be heavy volume & it may spike at times, saw it even hit $5.oo intraday today, but set a target, then discount 30%, and put that as your sell order, OR...if it goes higher than you're in significantly(this i doubt will happen) set up a stop loss...Tommorow should be an interesting day, Lehman/Goldman reporting/Fed meeting/Rate dropping..

I'm just hoping for some slight stability to the equity markets, so we can get back to the $ at hand. PAL has earnings on Wednesday...

Buy Ags on any dips, POT/MOS/AGU/TNH/CF/TITN/ this sector is still strong. Metals are being rattled a bit, due to the US$ being propped up like it's Weekend At Bernies..

 

[popozudalvr]

lol I picked up 33 shares of Bear and Stearns at $3.65. I figure it will at least go up to $6+, so I could make double the loot that I put in lol.

Let me know what you think, and if i should get out quicker while i am ahead!

You're doin well on this trade man,,props to you BSC @ near 8...just shows how much the casino is at play, BSC was taken UNDER at $2, yet this play continues at 8.oo, i guess some are hoping the deal wasn't real..lol

Well I'm back at the casino, throwing dice, opened a position in TITN, and ofcouse have TNH, PAL is just seeming waiting for something....Picked up a little AGU as well

 

[dig it]

Lot of green today. TMA bounced back. gonna put a stop loss on it at 2.75 but gonna ride it and roll the dice on back to back days like last week.

 

[popozudalvr]

Lot of green today. TMA bounced back. gonna put a stop loss on it at 2.75 but gonna ride it and roll the dice on back to back days like last week.

Think we'll get a few green days now, seems like the markets are in belief that the worst has been scaved off. Lehman, really caused a lot of support to come back to the market. So, i think look for the bounce & stability, still the US$ is nuttin, so commodities/gold/silver/ags are all the place to still be in...

 

[dig it]

Think we'll get a few green days now, seems like the markets are in belief that the worst has been scaved off. Lehman, really caused a lot of support to come back to the market. So, i think look for the bounce & stability, still the US$ is nuttin, so commodities/gold/silver/ags are all the place to still be in...

yea,im holding on to my plays but got burnt on TMA last week and gonna hop out first sign of trouble.

 

[Love2F Black BOOTY]

can someone recommend a free company rating website.

or its better to pay for the service.
i was thinking on subscribing to morningstart, marketedge investors business daily.

i think that i will get more for my dollars, rather than spend hours searching free sites

 

[popozudalvr]

can someone recommend a free company rating website.

or its better to pay for the service.
i was thinking on subscribing to morningstart, marketedge investors business daily.

i think that i will get more for my dollars, rather than spend hours searching free sites

I don't really use stock ratings but i know MSN provides the service w/ limited backdrop on why they provide the rating..
http://moneycentral.msn.com/investor/StockRating/srsmain.asp?Symbol=XOM

 

[vabrotha2]

this link is pretty good to be free

I don't really use stock ratings but i know MSN provides the service w/ limited backdrop on why they provide the rating..
http://moneycentral.msn.com/investor/StockRating/srsmain.asp?Symbol=XOM

 

[NoJusticeNoPeace]

Visa raises $17.9B in largest-ever U.S. IPO
Updated 1h 27m ago | Comment | Recommend2 E-mail | Save | Print |


( money in the bank with this stock)

Digg del.icio.us Newsvine Reddit FacebookWhat's this?By Michael Liedtke, AP Business Writer
SAN FRANCISCO — Visa raised $17.9 billion late Tuesday to complete the largest initial public offering in U.S. history and help prop up the wobbly financial services industry.
The world's largest processor of credit and debit cards sold 406 million shares at $44 apiece to easily eclipse the previous U.S. record IPO of $10.6 billion set by AT&T Wireless eight years ago.

The IPO price topped the range of $37 to $42 per share that Visa set three weeks ago just before its executives began meeting with institutional investors and analysts to drum up interest.

If investment bankers exercise an option on another 40.6 million shares, Visa's IPO will end up raising $19.7 billion before expenses.

Visa shares, trading on under the "V" ticker symbol, are scheduled to begin trading Wednesday on the New York Stock Exchange. The San Francisco-based company will debut with a market value of about $36 billion.

FIND MORE STORIES IN: Web | New York Stock Exchange | Exchange Commission | Securities | Citigroup | Goldman Sachs | Bank of America | San Francisco-based | Bear Stearns | Visa | Wells Fargo | IPOs | AT&T Wireless | National City | Federal Reserve Bank | Nilson Report | Aite Group | MasterCard Inc | Joel Greenberg | Gwenn Bezard
More than $10 billion of the IPO proceeds are being used to buy back some of the shares owned by the banks that have helped build Visa during the past 50 years.

The money is expected to help banks strengthen their balance sheets as they write off billions of dollars in loans that have soured amid the worst housing slump since the 1930s.

The Visa windfall will supplement a series of Federal Reserve Bank measures that have pumped billions of dollars into the banking system.

JPMorgan Chase, Visa's biggest customer and shareholder, is in line for the biggest payoff from Tuesday's IPO — about $1.3 billion, based on figures provided in Securities and Exchange Commission documents.

That's five times more than New York-based JPMorgan has agreed to pay in a proposed takeover of investment bank Bear Stearns, a major casualty of the credit crisis.

Other big winners in Visa's IPO include: Bank of America, expected to receive roughly $625 million; National City, about $435 million; Citigroup, about $300 million; and U.S. Bancorp and Wells Fargo, both getting more than $270 million.

All the banks will remain major Visa shareholders.

The IPO also is expected to generate more than $500 million in fees for Visa's team of investment bankers, led by JP Morgan and Goldman Sachs.

Besides paying banks, Visa is depositing $3 billion in an escrow account to insulate its shareholders from lawsuits alleging the company profited by stifling competition.

Those legal headaches are one of the chief reasons that Visa decided to go public and pose the biggest investment risk in the IPO, said Aite Group analyst Gwenn Bezard.

With loan problems battering the banking industry, Visa executives sold the IPO by positioning their company as a safe haven — a message that apparently resonated with investors.

"In times like this, you generally see a flight to quality," said Joel Greenberg, a New York attorney who has advised on other IPOs.

Unlike lenders who have issued nearly 1.5 billion cards bearing its brand, Visa doesn't carry any consumer debt on its books. The company makes its money from processing fees, which have been steadily rising for years, including the past two U.S. recessions in 1991 and 2001.

Since the latter recession, Visa also has been able to entice consumers to use its credit and debit cards more frequently to pay for staples like groceries, gas and even utility bills. Visa estimates about 42% of its transactions fall into this "nondiscretionary" category, up from 27% in 2000.

Visa conceivably could benefit from tougher times if more cash-strapped consumers rely on their credit cards to make ends meet, Bezard said. "And even if people can't pay back the debt, Visa still makes money. It's a very attractive company."

The IPO gives investors a chance to profit from the rise of electronic payments as more people eschew cash. The trend is expected to accelerate in the years ahead as an entire generation weaned online grow up to enter the job market and begin buying more merchandise and services on the Web, where electronic payments are standard.

Visa already dwarfs its closest competitor, MasterCard Inc., whose stock has more than quintupled since that company went public less than two years ago.

But analysts say Visa priced its IPO more aggressively than MasterCard, making it less likely that its stock will appreciate as dramatically in the months ahead.

Visa processed 44 billion transactions totaling $3.2 trillion in 2006, according to the Nilson Report, an industry newsletter. MasterCard handled 23.4 billion transactions totaling $1.9 trillion in the same year.

Hurt by legal expenses, Visa suffered an $861 million loss on revenue of $5.2 billion in its last fiscal year ended Sept. 30. Visa bounced back in its fiscal first quarter a $424 million profit, a 70% increase from the previous year.

While pitching the IPO, Visa executives told investors to expect the company's earnings to rise by at least 20% during the next two years. To help achieve that goal, Visa plans to trim its annual expenses by about $300 million over the same period.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

[456.North.side]

ahhhh shit hehe just so you guys know i jumped in coinz 100 @ 5.62 sold 50 @ 6.25 i was just rying to get 10%, did the same on 100 shares of pal last week too. still holdin 50 on coinz and 100 on PAL but now for visa maaan i want that shiiit lol good trading people

 

[Darrkman]

Who would of thought Bear Sterns would bounce back like this?? the ask on Bear Sterns is $6.70. Not a bad bump up if you got in around $3 mark. I don't know why i didn't think to jump in. Oh well.

 

[popozudalvr]

Who would of thought Bear Sterns would bounce back like this?? the ask on Bear Sterns is $6.70. Not a bad bump up if you got in around $3 mark. I don't know why i didn't think to jump in. Oh well.

Shorts are covering, it's not as grand as it seems, but some are hoping that another suitor comes in & they reject the deal..no way it'll happen...Feds+JP don;t make deals that fall through,,

 

[Darrkman]

Oh here is something to look at. I know people are down on retail at the moment but I think Carter's will be different. No matter their financial situation new moms always want to go all out for their kids. When you think baby clothes you think Carter's. Also with the influx of Hispanics and the amount of children they have Carter's will be fine unless some Hispanic company that reminds them of home gets a foothold. I got in at $13.97 and its been doing well for me.

http://moneycentral.msn.com/detail/stock_quote?Symbol=cri

http://finance.yahoo.com/q?s=CRI

http://finance.google.com/finance?q=NYSE%3ACRI

 

[jagu]

Visa is at 56 right now. What do you guys think. Buy or wait?

 

[456.North.side]

i got 9 shares on visa (all i had at the time) but ill hold it for a bit and see how it goes

 

[jagu]

Cool, I got in at 58.50. This will be a long term hold. I liquidated my CDs for this so I won't fuck around with Visa. I'll hold it for some years. Wish me luck!

 

[vabrotha2]

What is going on with TGB, should this be long sterm or short term hold Its been tanking the whole week, got in at 6.19 now it sitting at 5.09 im losing my ass on this

 

[Darrkman]

Visa is at 56 right now. What do you guys think. Buy or wait?

Hope you bought. Visa is up to $60.15 +36.7%.

Should be interesting to see how this all shakes out.

http://finance.google.com/finance?q=NYSE:V

 

[jagu]

Hope you bought. Visa is up to $60.15 +36.7%.

Should be interesting to see how this all shakes out.

http://finance.google.com/finance?q=NYSE:V

Yup! I bought at 58. That shit was at $55 and I was lunchin'.

 

[jagu]

What is going on with TGB, should this be long sterm or short term hold Its been tanking the whole week, got in at 6.19 now it sitting at 5.09 im losing my ass on this

We're in the same situation with TGB. I got back in at 6.01. I can't take a big hit on it, so I am siting on it for a long time

 

[^SpiderMan^]

What is going on with TGB, should this be long sterm or short term hold Its been tanking the whole week, got in at 6.19 now it sitting at 5.09 im losing my ass on this

Man I got in on PAL @ over $8 and now its at $6. Hopefully it pushes back up a bit.$10 is my target.

 

[dig it]

TGB is a long term hold, Trip put it out there as a long term and everything i've researched on it says pretty much the same thing. I'm stickin with it another 100.

 

[offwork]

Volatile is any understatement. This is a financial rollercoaster. PAL earnings today "after close on a three day weekend" kinda got me buggin.

 

[popozudalvr]

Seems like every stock is getting sold off, Visa is the only stock green, Metals have sold off as well. One could say it's profit taking, but most stocks are way lower than the highs they got on the big move up yesterday....Market has no stability. As for some of the picks, we're all likely in the red on most picks, even the greats have been pummeled(Pot/Mos).

 

[Rocky2008]

I was going to buy Visa but I waited and it opened up at $65 but it kept going down. Eventually I'll get it but if I would've bought it when it opened I would have taken a lost. This market is pretty shaky right now. If it would've came out one or two years ago it would've went up in my opinion.

I still think it's a good pick b/c if you go through your credit cards at home you either have Visa or Mastercard for the most part. Also they aren't affected by people not paying unlike the institutions that issue them.

 

[Darrkman]

Seems like every stock is getting sold off, Visa is the only stock green, Metals have sold off as well. One could say it's profit taking, but most stocks are way lower than the highs they got on the big move up yesterday....Market has no stability. As for some of the picks, we're all likely in the red on most picks, even the greats have been pummeled(Pot/Mos).

So true. Even carter's is back in the red. I'm starting to hate that color. Might start attacking my wife's car cause of it!

 

[jagu]

GET OUT OF TMA, NOW

They're trying to avert bankruptcy. Damn I think I may have pissed off $1200 if the stock goes to shit tomorrow. I forgot to put a limit on it

 

[Love2F Black BOOTY]

TGB has s buy reting on jaywalk concensus, market edge and the street.

I'm buying few shares tommorrow

 

[popozudalvr]

TGB has s buy reting on jaywalk concensus, market edge and the street.

I'm buying few shares tommorrow

I think most all our metals plays have been hit with the decline in metals prices, In my opinion, it's a down blip, in a path of an continued upward stream, I bought TGB at the top 6.40 & will look to average down as funda permit, I'll go over the PAL release later, see how/what that feels like...

 

[Ratt]

Okay ... the whole $1,000 is in the market! here's the current portfolio! any thoughts!

AMD ADVANCED MICRO DEVICES INC $6.15 ($0.24) 6 shares
BSC BEAR STEARNS COS INC $5.33 ($0.58) 33 shares
TGB TASEKO MINES LTD $5.17 ($0.46) 31 shares
V VISA INC COM CL A $56.50 $56.50 10 shares

 

[madscientist314]

Anybody watching MF Global Ltd.? (MF). They got hit pretty hard after the Bear Stearns collapse, but they keep making press releases stating that their still very liquid. The stock fell below $5 when the BSC news first hit, but it's now back up to 9.36. It was orignally trading in the $30 range then the $17-18 range. I know it's a financial stock and those are pretty risky these days, but does anyone else think they are a safe bet?

 

[Tripster]

TGB is a long term hold, Trip put it out there as a long term and everything i've researched on it says pretty much the same thing. I'm stickin with it another 100.

Thanks, dig it. Yes, TGB has always been a long term hold.

 

[popozudalvr]

Anybody watching MF Global Ltd.? (MF). They got hit pretty hard after the Bear Stearns collapse, but they keep making press releases stating that their still very liquid. The stock fell below $5 when the BSC news first hit, but it's now back up to 9.36. It was orignally trading in the $30 range then the $17-18 range. I know it's a financial stock and those are pretty risky these days, but does anyone else think they are a safe bet?

"SAFE BETS" - there are NONE in this market,...
Truth is, it would appear that there is MASSIVE selling going on by funds, who have positions in the green, thay are tanking stocks, that normally could hold strong in these volatile times. When Stocks like POT/MON/MOS etc, have these steep declines, it's a clear sign that there is no where to hide in the market if you're not in true LONG positions, All commodities have been shook, because traders are just taking thier nice lofty profits, & honestly IF i had ANY profits to take I'd take them.

Agriculture/Gold/Metals are all bullish but have become increasingly volatile as they've become toys of the funds..I guess shorts are having a playday the last few weeks as for the most part everything has been down,..At this point, I'm just in some LONG positions, I have the belief that there are certain sectors that will rise higher despite the ups & downs of daily actions, if the trend is higher i can accept that. If I'm wrong on betting on AGs ang PMGs, then my research failed me..
Those of you now in the red (some in DEEP RED) on positions, are thinking you lost money, stocks cycle, if you sell sure you lost & you get the writeoff against gains, but the cycles return, jus sometimes have to ride out the storm....& man this is a major storm..all sectors/all investment types/they are all being shook..they only HIGHLY speculative stock dropped here has been COIN, and honestly it's held up ok, woulda thougth it would have given back everything..PAL has slipped drasticlly off the 9 high to below 5, after being 3.50 in Jan, WHY? well well palladium priced ran to near 600/oz, then it too was pummeled by investors in the metal back to 450/oz, the volatility is in all the markets, but remember the facts on PMGs, the supply is short, & South Africa is having tons of power issues.. I'm long PAL, wish i was in the green, but have the fortitude to wait...I'm also in the red on TNH, COIN, TGB, & TITN(slightly), There are for me no more trade plays until i get some back in the green,,,

If you're buying now, be cautious, wait for a sustained bottom, not on the DOW, but on the security you're buying..

Crazy Days ahead...

 

[offwork]

"SAFE BETS" - there are NONE in this market,...
Truth is, it would appear that there is MASSIVE selling going on by funds, who have positions in the green, thay are tanking stocks, that normally could hold strong in these volatile times. When Stocks like POT/MON/MOS etc, have these steep declines, it's a clear sign that there is no where to hide in the market if you're not in true LONG positions, All commodities have been shook, because traders are just taking thier nice lofty profits, & honestly IF i had ANY profits to take I'd take them.

Agriculture/Gold/Metals are all bullish but have become increasingly volatile as they've become toys of the funds..I guess shorts are having a playday the last few weeks as for the most part everything has been down,..At this point, I'm just in some LONG positions, I have the belief that there are certain sectors that will rise higher despite the ups & downs of daily actions, if the trend is higher i can accept that. If I'm wrong on betting on AGs ang PMGs, then my research failed me..
Those of you now in the red (some in DEEP RED) on positions, are thinking you lost money, stocks cycle, if you sell sure you lost & you get the writeoff against gains, but the cycles return, jus sometimes have to ride out the storm....& man this is a major storm..all sectors/all investment types/they are all being shook..they only HIGHLY speculative stock dropped here has been COIN, and honestly it's held up ok, woulda thougth it would have given back everything..PAL has slipped drasticlly off the 9 high to below 5, after being 3.50 in Jan, WHY? well well palladium priced ran to near 600/oz, then it too was pummeled by investors in the metal back to 450/oz, the volatility is in all the markets, but remember the facts on PMGs, the supply is short, & South Africa is having tons of power issues.. I'm long PAL, wish i was in the green, but have the fortitude to wait...I'm also in the red on TNH, COIN, TGB, & TITN(slightly), There are for me no more trade plays until i get some back in the green,,,

If you're buying now, be cautious, wait for a sustained bottom, not on the DOW, but on the security you're buying..

Crazy Days ahead...

Ride or Die! And then file that loss if need be. But this should prove profitable. But on a similar situation I was talking to any associate who is into investing in futures and he was telling me how the U.S. Gov is paying farmers "not" to grow wheat. And then paying premiums for growing corn. But not just grow corn but replace whatever you were farming with before with mostly corn. This brought me back to a comment PoPo made about the high price rise in bags of flour. This gentleman even used the same analogy. He suggested investing in wheat because they supply & demand is going to make prices skyrocket. Interesting conversation.

 

[popozudalvr]

Ride or Die! And then file that loss if need be. But this should prove profitable. But on a similar situation I was talking to any associate who is into investing in futures and he was telling me how the U.S. Gov is paying farmers "not" to grow wheat. And then paying premiums for growing corn. But not just grow corn but replace whatever you were farming with before with mostly corn. This brought me back to a comment PoPo made about the high price rise in bags of flour. This gentleman even used the same analogy. He suggested investing in wheat because they supply & demand is going to make prices skyrocket. Interesting conversation.

Offwork...See the US & ALOT of US companies are backing ethanol, some think it's the holy grail of energy, others say the costs are too high to think it'll be worth it...BUT you need the damn corn, so the farmers are getting more incentive for planting it. "Fifty-nine-percent of everything we raised in 2007 is leaving the U.S.," said Victor. "That's 9-10% greater than normal." As a result, Victor said, U.S. wheat supplies are at their lowest level since the end of World War II, another factor pushing prices skyward."
Way I see it, I've never seen a price drop from the consumer end, you'll never see apizza shop DROP the price when wheat prices normalize, its just NOT good business, so the relatie strength of wheat shoul continue... few aticles below, well worth reading for perspective....i see they slaughtered silver down to 17.00 today...Volatility man,,its crazy out there...
You guys w. V are up $8.00 today...



http://www.nytimes.com/2008/03/20/business/20commodity.html
http://www.nytimes.com/2008/03/20/business/20cnd-commodity.html?hp

http://money.cnn.com/2008/03/19/smbusiness/Chernoff_pizza/index.htm