OFFICIAL: STOCK ADVICE THREAD

Discussion in 'Blazers OT Forum' started by magnifier661, Mar 5, 2013.

  1. The_Lillard_King

    The_Lillard_King Westside

    Joined:
    Sep 15, 2008
    Messages:
    12,405
    Likes Received:
    310
    Trophy Points:
    83
    Ouch . . . rather have a strong dollar and low stock market. Obama sucks!
     
  2. magnifier661

    magnifier661 B-A-N-A-N-A-S!

    Joined:
    Oct 2, 2009
    Messages:
    59,328
    Likes Received:
    5,587
    Trophy Points:
    113
    Occupation:
    Cracking fools in the skull
    Location:
    Lancaster, California
    Well there was one democratic president that had a strong stock market and dollar. He liked cigars and secretaries
     
  3. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

    Joined:
    Feb 15, 2010
    Messages:
    50,346
    Likes Received:
    22,528
    Trophy Points:
    113
    Buy at the peak of the bubble when everyone thinks it'll never go down, then sell after it bursts!
     
  4. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

    Joined:
    Feb 15, 2010
    Messages:
    50,346
    Likes Received:
    22,528
    Trophy Points:
    113
    You should thank Ben Bernanke and the FED, who are basically fueling this bubble.
     
  5. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

    Joined:
    Feb 15, 2010
    Messages:
    50,346
    Likes Received:
    22,528
    Trophy Points:
    113
    Did you wish you got in the housing market in 2006? You know, when the market was at record highs and everyone said to "jump in". Basically, you need to be contrarian. When people are buying you should be selling. When people are selling, you should be buying.

    Advice: you should buy right now. but watch bernanke and the FED like all investors are doing and completely liquidate when there is a hint of QE ending or interest rates rising. You'll have a very short window...don't stay long. after that put your money in precious metals because we'll have a currency crisis.
     
    Last edited: Mar 5, 2013
  6. The_Lillard_King

    The_Lillard_King Westside

    Joined:
    Sep 15, 2008
    Messages:
    12,405
    Likes Received:
    310
    Trophy Points:
    83
    Is it good to fuel a bubble?
     
  7. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

    Joined:
    Feb 15, 2010
    Messages:
    50,346
    Likes Received:
    22,528
    Trophy Points:
    113
    not when its going to pop harder than it would be to have an actual recovery.
     
  8. mook

    mook The 2018-19 season was the best I've seen

    Joined:
    Sep 16, 2008
    Messages:
    8,300
    Likes Received:
    3,912
    Trophy Points:
    113
    Occupation:
    Buy a recipe binder at CookbookPeople.com
    Location:
    Jolly Olde England
    I get the whole zig when other people zag thing now. Finally.

    Huh? Everybody is buying right now. Doesn't that directly contradict your first point?

    I've heard from conservatives about how we're just....about...due...for.... a....currency.....crisis for, literally about 20 years. *shrug*

    Truth is I wish I'd put my money in gold about 3 years ago. Not because of any currency crisis. Gold has just done really well.

    Again, though, it seems like the market has really, really valued gold lately. Meaning I probably shouldn't (by your own advice. Again, read your first point).
     
    Last edited: Mar 5, 2013
  9. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

    Joined:
    Feb 15, 2010
    Messages:
    50,346
    Likes Received:
    22,528
    Trophy Points:
    113
    Well, you'll have a short window of government insured investing. The market will be solid as long as QE is happening, but it can't happen infinitely...so like I said, when that stops you should get out because most of the major investors will. Also, once interest rates go up, the same thing will happen. FED has said the rates will stay near zero until 2015.

    I mean there's a specific two conditions until when we're going to be fucked, its pretty obvious if you realize it, its as clear as the problems in the housing crisis. Gold actually has been lately a "good buy", like I said its just a matter of timing right now...once the FED stops sucking on the teet, the big investors are going to be doing exactly what I am saying, namely pulling out. The high stock market isn't indicative of a healthy economy with sound fundamentals, but rather the wealthy knowing that the government will basically spend $85 billion+ per month to keep the market in positive territory.
     
    Last edited: Mar 5, 2013
  10. magnifier661

    magnifier661 B-A-N-A-N-A-S!

    Joined:
    Oct 2, 2009
    Messages:
    59,328
    Likes Received:
    5,587
    Trophy Points:
    113
    Occupation:
    Cracking fools in the skull
    Location:
    Lancaster, California
    Just an update. The American airline stock is at $2.95. I bought in at $2.70. In one day; I made $0.25 per share profit. $250 gain on 1,000 shares.
     
  11. blazerboy30

    blazerboy30 Well-Known Member

    Joined:
    Sep 16, 2008
    Messages:
    5,465
    Likes Received:
    423
    Trophy Points:
    83
    I actually disagree with this strategy. It is impossible to time the market, so you never know when a 5% decline and sell-off is going to turn into a 30% drop. The large hedge funds are going to drive the market, so if they are selling, you should be selling. If they are buying, you should be buying. That is different from listening to your friends and their fear or greed. They aren't moving the market like the large funds are.

    The trend is your friend. Buy high, sell higher.

    This approach can only work if you're willing to monitor and be active. If you just want to buy and hold, don't listen to what I'm saying.
     
    Last edited: Mar 6, 2013
  12. Eastoff

    Eastoff But it was a beginning.

    Joined:
    Jun 17, 2009
    Messages:
    15,891
    Likes Received:
    3,826
    Trophy Points:
    113
    Location:
    Tualatin
    [​IMG]
     
  13. blazerboy30

    blazerboy30 Well-Known Member

    Joined:
    Sep 16, 2008
    Messages:
    5,465
    Likes Received:
    423
    Trophy Points:
    83
    I just bought some XIV @ 21.2. I'm not sure if I have the balls to sit through some of the volatility of this thing, but we'll see.
     
  14. magnifier661

    magnifier661 B-A-N-A-N-A-S!

    Joined:
    Oct 2, 2009
    Messages:
    59,328
    Likes Received:
    5,587
    Trophy Points:
    113
    Occupation:
    Cracking fools in the skull
    Location:
    Lancaster, California
    Hahaha I love it!
     
  15. magnifier661

    magnifier661 B-A-N-A-N-A-S!

    Joined:
    Oct 2, 2009
    Messages:
    59,328
    Likes Received:
    5,587
    Trophy Points:
    113
    Occupation:
    Cracking fools in the skull
    Location:
    Lancaster, California
    Good luck man!!! That shit scares me. I've always been a long stock guy
     
  16. blazerboy30

    blazerboy30 Well-Known Member

    Joined:
    Sep 16, 2008
    Messages:
    5,465
    Likes Received:
    423
    Trophy Points:
    83
    I'm trying to get better at bi-directional trading. I'm only going with a really small position on this one for now.
     
  17. magnifier661

    magnifier661 B-A-N-A-N-A-S!

    Joined:
    Oct 2, 2009
    Messages:
    59,328
    Likes Received:
    5,587
    Trophy Points:
    113
    Occupation:
    Cracking fools in the skull
    Location:
    Lancaster, California
    Well I tried doing a quick move with a stock called "frontline" FRO and bought in at $9.20 a share. By the time I gave up and sold my loss; I sold it for $2.95. I think it's now $2.00. I had 2,000 shares and lost nearly 16k in less than a year. Uggg
     
  18. blazerboy30

    blazerboy30 Well-Known Member

    Joined:
    Sep 16, 2008
    Messages:
    5,465
    Likes Received:
    423
    Trophy Points:
    83
    My worst trade ever was buying Bank of America. I bought in 2008 when it was "so low it couldn't possibly go lower" after it had dropped from about $50 to $30. It then proceeded to drop from about $30 to $3.

    This is why I don't believe in the "buy when others are selling" strategy. Stocks can and will go lower than you think.
     
    Eastoff likes this.
  19. magnifier661

    magnifier661 B-A-N-A-N-A-S!

    Joined:
    Oct 2, 2009
    Messages:
    59,328
    Likes Received:
    5,587
    Trophy Points:
    113
    Occupation:
    Cracking fools in the skull
    Location:
    Lancaster, California
    I totally agree! Stocks aren't as "for sure" as people think. Take my other investment "Teva". It's so under valued its pathetic. The p/e is way off the charts. That is a strong stock; but doesn't have much interest with hedge funds. It's definitely a $55 stock, but the market says its $38 right now. Every dip; I'm buying the shit out of it. I hold around 7,500 shares. It helps that it pays about $1.50 per share per year in dividends to help the under value.
     
  20. blazerboy30

    blazerboy30 Well-Known Member

    Joined:
    Sep 16, 2008
    Messages:
    5,465
    Likes Received:
    423
    Trophy Points:
    83
    I'm long SSO this morning at 70.9.
     

Share This Page