Anybody else mess with ETF's? I bought about 1,200 shares of pbw at 4.45 two weeks ago and it's up to 4.80 today. Some of these leveraged ETF's can jump double digits during a day but I don't know enough the markets to time it well.
Official stocks to watch in 2013.......... ongoing
- Thread starter water
- Start date
SIRIUS XM Radio Inc. (SIRI)
-NasdaqGS
3.23 Up 0.09(2.87%) 4:00PM EST|After Hours : 3.24 Up 0.01 (0.31%) 4:44PM EST - Nasdaq Real Time Price
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Prev Close: 3.14
Open: 3.17
Bid: 3.23 x 81800
Ask: 3.24 x 28700
1y Target Est: 3.35
Beta: 1.66
Next Earnings Date: 5-Feb-13SIRI Earnings announcement
Day's Range: 3.16 - 3.25
52wk Range: 1.78 - 3.19
Volume: 82,208,339
Avg Vol (3m): 66,466,600
Market Cap: 16.82B
P/E (ttm): 6.35
EPS (ttm): 0.51
Div & Yield: N/A (N/A
I bought SIRI back when it was .86 cent and it is up over $3.17 not bad for a newbie. Think I ride it till the wheels fall off.
Two weeks ago ZNGA was at 2.98 and I thought about picking up about 2k shares but didn't. Now it's at 3.61.
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Two weeks ago ZNGA was at 2.98 and I thought about picking up about 2k shares but didn't. Now it's at 3.61.
Too Volatile and fundamentally unsound for my liking...
I would have only held it to 3.50 or so. It has been ridiculously volatile. Why it's the second most traded stock on the nasdaq is beyond me.
Man...this year is the first time I've actively traded stocks. Honestly, until you do you really have no concept of what "volatility" means. You really don't understand how the S&P or Dow etc movements up or down effects your position. You really don't get how events overseas or even locally effects your position. Fucking Bernanke sneezes/shits/pees or looks like he's about too and shit fails by a certain percentage...FRUSTRATING!
Man...this year is the first time I've actively traded stocks. Honestly, until you do you really have no concept of what "volatility" means. You really don't understand how the S&P or Dow etc movements up or down effects your position. You really don't get how events overseas or even locally effects your position. Fucking Bernanke sneezes/shits/pees or looks like he's about too and shit fails by a certain percentage...FRUSTRATING!
I opened a sharebuider account less than a month ago. I have been too scared to deal with individual stocks so I have been using ETF's. I bought PBW at 4.45(because it was cheap), bought some more at 4.60(for a total of 1150 shares). It went up to 4.83 two weeks ago and I thought about selling but got greedy. It went down 4 straight days so I sold at 4.45. Yesterday it was down to 4.35 so I feel good about getting out. I put my remaining 5k into a vanguard mid-cap value ETF(VOE) until I figure out my next move.
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Question to Kaya and others that have been investing in stocks for awhile. Generally, whats your long-term investment strategy SPECIFICALLY after a day like today where the DOW set a new record and stocks in general have been Bullish?
Specifically do you alter you plans for say tomorrow or later this week when it's very likely it's going to be Bearish as folks start selling and taking whatever profits they've made?
Specifically do you alter you plans for say tomorrow or later this week when it's very likely it's going to be Bearish as folks start selling and taking whatever profits they've made?
I've been wondering about this as well. When it got over 14000 a few weeks ago I was thinking it might dip the next day when people started taking their profits and running, and it did.
Yeah, Obviously it's risky if you sell and things continue to go up? Well, you lose on additional profits and its more expensive to buy back in. However if it goes down and you buy back in? More stocks for a lower price.
However that sort of short selling IMO is only a benefit if you got some decent money. For someone like myself that don't have big money baller status, the commission fees to sell and buy literally would eat away at those profits making it not really feasible especially in consideration with the other risk.
$$$$$$
Thank you Mr.Kaya you've help to create a monster!
I haven't had time to check in or to trade stocks but I'm doing this right now for you
I haven't had time to check in or to trade stocks but I'm doing this right now for you
Appreciate it! While your at it how about answering the recent question I asked and another amateur investing member wanted an answer too as well?
Can't spend more time right now but I'll say a few.
A market pullback is a good time to buy value stocks and market leaders.
Shouldn't alter your strategy to much if you have been paying attention and following the market.
About a week and a half ago I saw that OCLR was one of the most active stocks of the day and trading at 1.25. Two days later it was at 1.11. I was thinking about 1k to make a few bucks and then trade out, but didn't. Now it's at 1.41. I swear, I could have made some serious change with the trades I thought about making but didn't.
I dont fuck with cheap stocks. They are cheap for a reason.
High dollar and high volume has institutional backing. Not this light volume crap. If your going to trade it understand that you better use vegas money vs. investment capital.
High dollar and high volume has institutional backing. Not this light volume crap. If your going to trade it understand that you better use vegas money vs. investment capital.
last year i was trying to go long with VIG, but had to cash in late last year
due to life events. if it ever drops again i'm going for it. i might start looking
for cheaper similar type ETFs as my money builds up again.
The main reason I didn't was because I know there's a lot of manipulation in the penny stocks and the shit might go down to a quarter. But I have wondered why some of these companies are even publicly traded when their stock is like .0045 a share.
Right now, I have my ETF money in VOE and FNK. I usually take a value approach. Once I learn a little more I may delve into more risky investments. But as far as price, FNK and PXMV are both value ETF's that are trading in the low 20's. They both seem to be fairly new and with a fraction of the $$$ holdings that some of the others in that category have.
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I just came across a company called First Trust. Most of their ETF's seem fairly new with pricing in the 20's and 30's. The have an alphyadex system of ranking stocks that they want put in the ETF, as opposed to just investing in all the stocks in the index).
Anybody know anything about options and making money shorting stocks?
Yeah I've been wanting to learn about options too. Came across this website http://www.schaeffersresearch.com/schaeffersu/ but I haven't read it yet. Been too lazy. But I'm gonna eventially get to it.
Definitely. $1,000 is reasonable to gamble with (unless it's a big part of your savings). I can only deal in under $5 stocks due to my low capital.
I put my friend on to this but he never went in. He had $45K in Apple alone...he lost a lot of money. I told him to invest $1K in the following about a month ago:
Plug Power IncNASDAQ
LUG*$0.24 0.0846 (54.44%)
0.245Low
0.171Volume
8,579,521 (Heavy)
As of May 8, 2013 3:59pm ET
It was $.14 or so when I first told him. He's be making good profits. I made a measley $55 today off that alone and off a $125 investment.
Once I get my money to real status I will make 10x the profits.
*But a warning for pink sheet traders*
YOU CANNOT SET TRIGGERS FOR THEM
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Got an email for this penny stock, though, as always, tread very carefully.
http://www.textaday.com/about-us
Singlepoint, Inc. (SING)
-OTC Markets
0.0079
0.0001(-1.25%)
I put $100 down. All I can afford to lose for now.
http://www.textaday.com/about-us
Singlepoint, Inc. (SING)
-OTC Markets
0.0079
0.0001(-1.25%)
I put $100 down. All I can afford to lose for now.
I been telling y'all about gmr.
Good thread here... I've been mostly focused on dividend stocks which have done really well for me. I've had MO, MCY, NYCB, T, and VVC for some time now. I got these from http://dripinvesting.org/tools/tools.asp after reading this:
Short update: (There's still another hour or so to go)
It initially dipped 20%, now it's down to only 2.5%
Had it remained at 20% or dropped even lower, I would have lost $20+.
Now imagine if you had invested $1000. Or $10,000, etc. You may gain or lose a lot of money in a matter of minutes, tough hardly all of it unless the company is either bogus or bankrupt.
Not intentional, but I hope this was a minor lesson (there's WAYYYY more to learn) for those who want to do this but don't know where to start or the risks.
I got in on YHOO today at 26.24. I hope I don't regret breaking one of my personal rules: buying on an upturn or selling on a downturn.
Good thread here... I've been mostly focused on dividend stocks which have done really well for me. I've had MO, MCY, NYCB, T, and VVC for some time now. I got these from http://dripinvesting.org/tools/tools.asp after reading this:
I just bought this book, going to see what I can make happen
Keep us updated.
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