Jets Babe Posted March 19, 2009 Share Posted March 19, 2009 SunMicrosystems (JAVA) just made my day. Anyone else play the stock market? Link to comment Share on other sites More sharing options...
JoeC36 Posted March 19, 2009 Share Posted March 19, 2009 never been able to figure the whole thing out. even with my grandfather being really into it and trying to explain the whole thing. but im glad you had a good day. Link to comment Share on other sites More sharing options...
Pragmatic Bus Posted March 19, 2009 Share Posted March 19, 2009 i played a little in my Econ class way back in the day but no not since Link to comment Share on other sites More sharing options...
JerryK Posted March 19, 2009 Share Posted March 19, 2009 I got out 2yrs ago because it was crap and real estate was better. Now I know it's all crap. But I think I'll get back into stocks. That way, when it tanks I can still have the certificates to wipe my butt. Link to comment Share on other sites More sharing options...
Pragmatic Bus Posted March 19, 2009 Share Posted March 19, 2009 I got out 2yrs ago because it was crap and real estate was better. Now I know it's all crap. But I think I'll get back into stocks. That way, when it tanks I can still have the certificates to wipe my butt. Link to comment Share on other sites More sharing options...
Pragmatic Bus Posted March 19, 2009 Share Posted March 19, 2009 to me stock market is like fantasy football. it doesn't make any sense and i never win anything Link to comment Share on other sites More sharing options...
ECURB Posted March 19, 2009 Share Posted March 19, 2009 I use... http://www.howthemarketworks.com/ Virtual stock market... 31% gain on GM stocks so far... not bad... Link to comment Share on other sites More sharing options...
Jets Babe Posted March 19, 2009 Author Share Posted March 19, 2009 I use... http://www.howthemarketworks.com/ Virtual stock market... 31% gain on GM stocks so far... not bad... cool. i learned from weseed.com. Link to comment Share on other sites More sharing options...
ZachEY Posted March 19, 2009 Share Posted March 19, 2009 I learned that if you play, you lose. Link to comment Share on other sites More sharing options...
Sharrow Posted March 19, 2009 Share Posted March 19, 2009 Lol, how long does it take to learn that it's not a game to "play"? Link to comment Share on other sites More sharing options...
ZachEY Posted March 19, 2009 Share Posted March 19, 2009 Lol, how long does it take to learn that it's not a game to "play"? Link to comment Share on other sites More sharing options...
Thai Jet Posted March 19, 2009 Share Posted March 19, 2009 SunMicrosystems (JAVA) just made my day. Anyone else play the stock market? Yeah I'm in pretty good. About a little more than 1/2 was in cash before the _hit hit the fan. Right now I'm looking to buy. Started buying some I already had ( Doubling down) last Thursday. Always keeping my ears and eyes open. No guts no glory right Babe ? Link to comment Share on other sites More sharing options...
ZachEY Posted March 19, 2009 Share Posted March 19, 2009 Yeah I'm in pretty good. About a little more than 1/2 was in cash before the _hit hit the fan. Right now I'm looking to buy. Started buying some I already had ( Doubling down) last Thursday. Always keeping my ears and eyes open. No guts no glory right Babe ? I'm down about 40% last I looked... probably rebounded pretty strong last week. Long term... nothing matters right now. Link to comment Share on other sites More sharing options...
Thai Jet Posted March 19, 2009 Share Posted March 19, 2009 I'm down about 40% last I looked... probably rebounded pretty strong last week. Long term... nothing matters right now. I used to be long term but that whole scenario has changed. I now but multiple lots of 100 shares. If it goes up 50% I sell half. If it doubles 25 % more goes so I still have profit PLUS free shares. If it goes down 15 % it all gets sold. Got to be disclipined. Never fall in love with a stock, gets you into trouble. Link to comment Share on other sites More sharing options...
PatsFanTX Posted March 19, 2009 Share Posted March 19, 2009 Two weeks ago, I bought CitiGroup at $1.01 per share. Yesterday, it closed at $3.08 per share. All the financial stocks should rebound nicely this year as they finally get out from under the sub-prime mortgages and the government bail-out money works it's way through the system. Link to comment Share on other sites More sharing options...
Thai Jet Posted March 19, 2009 Share Posted March 19, 2009 Two weeks ago, I bought CitiGroup at $1.01 per share. Yesterday, it closed at $3.08 per share. All the financial stocks should rebound nicely this year as they finally get out from under the sub-prime mortgages and the government bail-out money works it's way through the system. Good call Mike. Ya gotta have guts to be in the market. Sounds like you're a bit of a contrarian like me. Link to comment Share on other sites More sharing options...
faba Posted March 19, 2009 Share Posted March 19, 2009 Two weeks ago, I bought CitiGroup at $1.01 per share. Yesterday, it closed at $3.08 per share. All the financial stocks should rebound nicely this year as they finally get out from under the sub-prime mortgages and the government bail-out money works it's way through the system. Says the man that bought Enron . Link to comment Share on other sites More sharing options...
PatsFanTX Posted March 19, 2009 Share Posted March 19, 2009 Good call Mike. Ya gotta have guts to be in the market. Sounds like you're a bit of a contrarian like me. I've made my share of mistakes as well. Even with all their troubles, Citi turned a profit in January and February (I bought in 2 days before this was announced). If they can turn a profit for the 3rd straight month in March, I think the share price will go above $4.00 per share. That is when I will sell. Link to comment Share on other sites More sharing options...
ECURB Posted March 19, 2009 Share Posted March 19, 2009 I've made my share of mistakes as well. Even with all their troubles, Citi turned a profit in January and February (I bought in 2 days before this was announced). If they can turn a profit for the 3rd straight month in March, I think the share price will go above $4.00 per share. That is when I will sell. Granted this is "fake" but I bought GM at 2.01 a share... sky is the limit baby!!! Now I wish I had done it for real... Link to comment Share on other sites More sharing options...
joebabyny Posted March 19, 2009 Share Posted March 19, 2009 I've made my share of mistakes as well. Even with all their troubles, Citi turned a profit in January and February (I bought in 2 days before this was announced). If they can turn a profit for the 3rd straight month in March, I think the share price will go above $4.00 per share. That is when I will sell. You have tripled your money, in this climate I don't know that i would press it that hard to quadruple it, all you need is one more stupid press conference (like the one scheduled next week at primetime) by the administration crying for more stimulus money by saying how bad things are and how we may not recover and we are back at dow 6000. Link to comment Share on other sites More sharing options...
ECURB Posted March 19, 2009 Share Posted March 19, 2009 You have tripled your money, in this climate I don't know that i would press it that hard to quadruple it, all you need is one more stupid press conference (like the one scheduled next week at primetime) by the administration crying for more stimulus money by saying how bad things are and how we may not recover and we are back at dow 6000. *****! Link to comment Share on other sites More sharing options...
ZachEY Posted March 19, 2009 Share Posted March 19, 2009 I've made my share of mistakes as well. Even with all their troubles, Citi turned a profit in January and February (I bought in 2 days before this was announced). If they can turn a profit for the 3rd straight month in March, I think the share price will go above $4.00 per share. That is when I will sell. Nice to have a big safety net.... I had the same idea, not stock specific, but was going to pour a bunch of money (currently in matured bonds) that I've been also considering for a RE purchase into the market about 3 weeks ago, thinking we were near the bottom. Problem was, for me, those bonds represent pretty much everything I've got that's not liquid in my checking account, or already in the market. The risk was just too big for me. Link to comment Share on other sites More sharing options...
Jets Babe Posted March 19, 2009 Author Share Posted March 19, 2009 after taking my intro to finance class i decided to give it a whirl. i saved up $1000 and just invested it. i'm really happy so far. Link to comment Share on other sites More sharing options...
JohnnyHector Posted March 19, 2009 Share Posted March 19, 2009 a bunch of money (currently in matured bonds) Bar mitzvah gifts? Link to comment Share on other sites More sharing options...
ZachEY Posted March 19, 2009 Share Posted March 19, 2009 Bar mitzvah gifts? haha... Nah... It's a mix of things... some inheritance, but most of it is money my grandmother invested for my college education. I got scholarships, so I got to keep it. Link to comment Share on other sites More sharing options...
faba Posted March 19, 2009 Share Posted March 19, 2009 I've made my share of mistakes as well. Even with all their troubles, Citi turned a profit in January and February (I bought in 2 days before this was announced). If they can turn a profit for the 3rd straight month in March, I think the share price will go above $4.00 per share. That is when I will sell. Hey Mike in today business news Reuters Citigroup eyes reverse split Thursday March 19, 10:06 am ET By Jonathan Stempel NEW YORK (Reuters) - Citigroup Inc (NYSE:C - News) on Thursday said it may conduct a reverse stock split as part of an exchange offer that could give U.S. taxpayers a 36 percent stake in the bank. Link to comment Share on other sites More sharing options...
PatsFanTX Posted March 19, 2009 Share Posted March 19, 2009 Hey Mike in today business news Reuters Citigroup eyes reverse split Thursday March 19, 10:06 am ET By Jonathan Stempel NEW YORK (Reuters) - Citigroup Inc (NYSE:C - News) on Thursday said it may conduct a reverse stock split as part of an exchange offer that could give U.S. taxpayers a 36 percent stake in the bank. Opened at $3.61 today. Link to comment Share on other sites More sharing options...
Vicious89x Posted March 19, 2009 Share Posted March 19, 2009 I don't really play the stock market per say, but my woman has worked for the same company for 9 years now and has lots of stock invested in it through the stock plan. It was going to be a very nice down payment for our house but we've seen it go from 50 to 25. It's been up the past couple of days, we're hoping that if the house we're looking at right now works out (inspections) that the stock will push past $30. They've been a very good stock for a while. Once we get settled in and I get a raise I'm planning in investing $$ in the market. Link to comment Share on other sites More sharing options...
ECURB Posted March 19, 2009 Share Posted March 19, 2009 My fake "GM" stock just hit 46% gain for me now... crazy... I am starting to get really upset i did not do it for real... Link to comment Share on other sites More sharing options...
joebabyny Posted March 19, 2009 Share Posted March 19, 2009 Hey Mike in today business news Reuters Citigroup eyes reverse split Thursday March 19, 10:06 am ET By Jonathan Stempel NEW YORK (Reuters) - Citigroup Inc (NYSE:C - News) on Thursday said it may conduct a reverse stock split as part of an exchange offer that could give U.S. taxpayers a 36 percent stake in the bank. not good, reverse splits generally = not good for stock price A lot of times the stock will start retreating back to its pre reverse split price, and now you have given a whole new wonderful opportunity for the bears to go back to shorting the stock. Reverse splits are bad and only used by crap microcaps and companys who are trying not to get delisted. Link to comment Share on other sites More sharing options...
joebabyny Posted March 19, 2009 Share Posted March 19, 2009 My fake "GM" stock just hit 46% gain for me now... crazy... I am starting to get really upset i did not do it for real... GM is really risky still at this point, just because if people actually start to believe it will go into bankruptcy then it will definitely go into bankruptcy, who would ever spend 30-60,000 on a complex machine like a car when there is nobody to warranty it or make parts. GM has some market study data that bears this out. Link to comment Share on other sites More sharing options...
Jet Moses Posted March 19, 2009 Share Posted March 19, 2009 I think Ford is good for a long strategy. Link to comment Share on other sites More sharing options...
LionelRichie Posted March 19, 2009 Share Posted March 19, 2009 Two weeks ago, I bought CitiGroup at $1.01 per share. Yesterday, it closed at $3.08 per share. All the financial stocks should rebound nicely this year as they finally get out from under the sub-prime mortgages and the government bail-out money works it's way through the system. i bought citi at 1.23. buy the rumor, sell the news. the entire financial rally is based on a change of 'mark-to-market'. if the FDIC and FASB don't abandon m2m the financials will all sell off again because all of these banks are technically insolvent. if the banks can stop the right downs they should make a ton of money. basically the strategy for banks is: 1. borrow from the fed @ 0% interest rate 2. buy treasuries @ 3% yield. the banks are all doing the exact same thing and of course they are making money. imagine if we could borrow for 0 interest and put it in the bank for 3%. impossible to lose. Link to comment Share on other sites More sharing options...
PatsFanTX Posted March 19, 2009 Share Posted March 19, 2009 i bought citi at 1.23. buy the rumor, sell the news. the entire financial rally is based on a change of 'mark-to-market'. if the FDIC and FASB don't abandon m2m the financials will all sell off again because all of these banks are technically insolvent. if the banks can stop the right downs they should make a ton of money. basically the strategy for banks is: 1. borrow from the fed @ 0% interest rate 2. buy treasuries @ 3% yield. the banks are all doing the exact same thing and of course they are making money. imagine if we could borrow for 0 interest and put it in the bank for 3%. impossible to lose. Great post, you are dead on. Link to comment Share on other sites More sharing options...
Jbro22 Posted March 19, 2009 Share Posted March 19, 2009 Just Oneseason.com Link to comment Share on other sites More sharing options...
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