Investing

[bcleez]

Wondering if there are any other investors/traders that want to talk stocks, investing, retirement.

I am more of an investor and try to follow the boglehead philosophy - buy and hold low expense ratio index funds. Keep mutual funds in a taxable and trade within my Roth IRA & my Rollover IRA I have been trading though over the past months though in commodities and been pretty successful. Just picked up AA - Alcoa @$12 yesterday - $12.83 right now.

I think it is easy to play the swings in the market right now with the Dollar/Commodities play.

 

[Orange Hairy Mist]

I'm a dividend stock investor, primarily, however I do my share of speculation and growth investing from time to time. My most recent purchase was 100 of Diageo (DEO) in July, for their excellent dividend and stability. Plus, I do my fair share of drinking their products, particularly Smirnoff . Another one I'm looking at is Hasbro (HAS), since it might a good pick for the dividend and, hopefully, Christmastime growth.

I don't want to give away all my picks, especially my penny stock speculation ones. Speculating in penny stocks, and elsewhere to a lesser extent, is gambling, and I'm not much of a gambler, so most of my money is in stable, dividend stocks.

 

[King Kong]

i think im doing OK, what about u??

 

[Happycamper]

I used to be a short term/medium trade trader, sometimes day trading, however trying to do it when stoned is never a good idea I used to consider myself a technical analyst, I read chart patterns (which Ive not done for ages but I bet could still spot a head and shoulders, cup and saucer and double bottom) and placed trades following the patterns. I also used to really good at candlestick patterns, but would need to brush up on that again.

 

[stonemonkey55]

King Kong - damn, I need to follow your lead, 10/29 was a great day for you.

HiTech is making a comeback!

 

[Chubba]

I'm think of buying a whack in Activision Blizzard soon.

I got to think with Blizzard, they have 12 million people hooked on WoW.

They got Starcraft 2 and Diablo 3 coming out in the future, which are absolutely massive titles, SC2 in Korea is a pro sport. Then they're making another MMORPG, same concept as WoW but sci-fi roping in and ruining the lives of another 20+ million people.

I am pretty baked, but it seems to make sense

Or perhaps mixing my love of gaming with shares will end up in the shit

 

[Happycamper]

I'm think of buying a whack in Activision Blizzard soon.

I got to think with Blizzard, they have 12 million people hooked on WoW.

They got Starcraft 2 and Diablo 3 coming out in the future, which are absolutely massive titles, SC2 in Korea is a pro sport. Then they're making another MMORPG, same concept as WoW but sci-fi roping in and ruining the lives of another 20+ million people.

I am pretty baked, but it seems to make sense

Or perhaps mixing my love of gaming with shares will end up in the shit

Chubba it's not always the obvious ones. I've not studdied Blizzards trading chart, i will look and maybe give a technical analyist view point if i can still recall enough. For example Harry Potter (which you would expect to have been a good one) was a big no go, the publishing company was a disaster.

You can see it in the charts, it's all there and you can predict the future.

My advice is, dont jump into anything under the influence. Smoking/vaping does not mix with trading imo.
And with internet trading it's too easy to jump in.

 

[stonemonkey55]

One company I have been tracking is Elan (ELN)

They have a drug for Alzheimer's coming out soon which could mean big things.

Sales of Tysabri (MS drug) have been brisk despite a 1 in 1000 chance accumulating some sort of rare bring condition.

The Alzheimer's drug could be the HUGE tho just my 2

 

[Happycamper]

One company I have been tracking is Elan (ELN)

They have a drug for Alzheimer's coming out soon which could mean big things.

Sales of Tysabri (MS drug) have been brisk despite a 1 in 1000 chance accumulating some sort of rare bring condition.

The Alzheimer's drug could be the HUGE tho just my 2

Personally unless the chart looked great I wouldnt have got involved in that. (infact it's not my kind of stock at all) Imo stock like that can change drastically over night (due to a key piece of news) and open at massively lower price before you even get the chance to get out. (However i've not researched and just going off what you wrote).

 

[Happycamper]

This is my example of trading using charts. The two horizontal red lines show support and resistance (the top is resistance the bottom is support) The pattern is basically a rectangle.

The idea is to place a buy trade (in the Uk when i traded we were not allowed to go short) when it is near to the bottom line of support. If it falls through the line and probably with an increase in volume, exit the trade. However if it bounces ride the trade to the top line and exit there.

This is really simplified and probably the most simple trading pattern, and there where many other indications i used.

But any how, thats trading using the charts.




Edit: infact you can see when it fell through support the volume did increase with people seliing or going short as support failed(i didnt even look to know that is what probably would happen).

 

[DeepFried]

My advice is, dont jump into anything under the influence. Smoking/vaping does not mix with trading imo.
And with internet trading it's too easy to jump in.

I disagree!. If you are using the right stuff in your vape it can help clear your mind and allow you to focus better.

 

[bcleez]

King Kong, are you going to post today's values?

Orange, what dividend stocks are you in? I have had some success with the AOD ETF (Alpine Total Dynamic Dividend Fund) Started off the year paying 18 cents a month - march to the end of the year 12 cents a month. 52 week: 4.22 - 9.36 so its a pretty chunky dividend.

My best picks this year
PBR - Petrobras
SLX - Steel Etf

 

[Orange Hairy Mist]

Dividend stocks: Diageo and Southern Company are what I have right now. SO gives about 5.2% dividend yield, and DEO's is about 4.6%. Really good yields, IMO, especially combined with expected growth and stability.
I usually think of dividend yield in terms of percents, because it's easier for me to compare.
Here's one that I really didn't want to share, but I will: Phillip Morris (PM). I bought it back in Febuary, when I smoked. I don't anymore. Their dividend yield percent is 4.4, off the top of my head. Some are ethical investors, but I'm not quite a part of that crowd.
Anyways, there's a solid portion of my current holdings.

 

[Happycamper]

I looked at the Pbr chart, and it looks pretty good. Nice upward bullish trend since dec and there is some sort of a trading range you can follow on the trend lines forming in it. However, noticing just a small divergence. The volume has been falling a lttle bit whislt the price has been rising (this is more recent within the last 3 months or so). It's not a big fall in volume, but i think it's there. However that is just one indication, im reading up again on the other indications again, macd etc because it's been so long since i did this.

 

[jeffp]

Let me ask you - I feel that I have great intuition for trends and direction, but I am clueless as to how all this stuff works. I'm basically an idiot in terms of finances, investments, etc.
If I could read one very simple and clear guidebook that would give me the overall concept of what this world is about, can you recommend?

 

[Plotinus]

Intelligent Investor by Benjamin Graham

 

[bcleez]

jeffp - I would get "The Bogleheads Guide to Investing"

I can not recommend that book enough. A total game changer.

edit: since you are a forum guy check out the boglehead forum.

http://www.bogleheads.org/forum/index.php

 

[jeffp]

thanks to both...

 

[King Kong]

fridays

if apple and google go down i go down with it!!

 

[lord]

King Kong,

Is that your real account -- or is that virtual stock exchange?

 

[Lo]

if apple and google go down i go down with it!!

I hear ya... My son and I both play the market a little and hold both.

I actually did pretty well when things were way down I bought a few, sold a few, made a few.

I will have to check out those books!

 

[karazi]

Investing books are a must, especially at least one that goes over the basics, like Stock Investing for Dummies (there is also Investing for Dummies - more general). Not all information will apply to your particular goals, but reading a book like that will provide for a good foundation to move onto more sophisticated books like Graham's Intelligent Investor. Tune in to CNBC or Bloomberg, and subscribe to the Wall Street Journal if you can, at least the online version. In general, pay attention to business, financial, industry, and economic news and trends; knowledge of which can be just as important in investment decisions as a good education can.

 

[Lo]

I live on Bloomberg, Barron's & WSJ Even have Bloomb & WSJ on my crackberry

 

[jeffp]

For years my father has been attempting to convey all this to me, but I know that I'm conditioned to respond to his lectures as a reverse magnet even at this late stage.
Then when the same advice is coming from a group of potheads suddenly I'm interested.
Anyway the way i see it, all this investing stuff can bring you FREEDOM from being a slave to a job, and once you're tuned into it, it can be an interesting and fun game at the same time.
So I just ordered:

"The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)"
Benjamin Graham; Paperback; $14.95

Sold by: Amazon.com, LLC
1
"The Bogleheads' Guide to Investing"
Taylor Larimore; Paperback; $12.32

Sold by: Amazon.com, LLC
1
"Investing for Dummies, Second Edition"
Eric Tyson; Paperback; $4.00

Thanks for the suggestions....

 

[Lo]

For years my father has been attempting to convey all this to me, but I know that I'm conditioned to respond to his lectures as a reverse magnet even at this late stage.
Then when the same advice is coming from a group of potheads suddenly I'm interested.

LMAO!! It's not because we're potheads you're suddenly interested! It's because it's not your father saying it LOL!! We never listen to our fathers

He's wise!! I homeschool my son and back in 6th grade we started playing stocks on papers for fun/education. He was doing pretty good so my husband gave him a few bucks to open a small acct. That kid has a knack for picking winners! Last week the smartass walked through the room and saw my tickers... He said, you're welcome... I said for what... He said I told you to buy CAT.... Smartass! He did tell me to buy it a month before the papers did and I more than doubled the dough

He actually helped me pick a lot of my best stocks this season too and he's 16 1/2. He is very well read and up on what's going on around the world. I try to keep up.

Good luck with the books!!! I'm actually going to look up that Boglehead book.