you're in the market. i wanted to get your (and anyone else's) feedback on the blackstone group.

from my understanding, they're ****in ruthless. they take public companies, buy em out, flip them to private investors, and make an INSANE amount of $$$ in the process. i read in Time bout a year ago that apparently this is really pissin off everyone on wallstreet. supposedly this is gonna change the way shit's trading and that, basically, what they're doing should be illegal but they've got the 'too-new-to-make-a-law-agaist" loophole like a designer drug.

these guys traded over $370 BILLION in 2006 alone. that's some serious shit. i just read that one of the founders was in skull and bones with president bush and the other was the secretary of commerce in the 70s. the ****'s up with this company??

Just took a quick glance at them. They appear to be poorly run. Negative operational cash flow in light of an astronomical increase in revenue is a bad sign. They do seem to be taking in a shit load of cash before their operational losses. Might be a good company to follow. I bet when they get a new CEO and the improve their operating margin, they will do well.

Ill look at it deeper tommorow.

Looks like a cheap stock, will probably take off in the future, but like I said, it looks like poor management is holding them back.

This stock has done pretty poor historically, worse than it should have. Ill do more research, but at this point Id categorize this as something that you should watch closely, but not buy for a while.

I usually wont pull the trigger on a long term play unless I 100% understand their business, how they make money, how other markets effect them, and how well they are managed.

Sometimes all it takes is an article in a trade magazine to let you know that the ceo is a complete idiot. You want to run away from those companies, because even a company with a solid business plan, and good fundamentals will flounder with an idiot at the wheel.

The more I look at this, the more it looks like they have an idiot at the wheel. The company might have been brilliant before it was taken public, but It seems like the transfer of power that took place in going public negatively effected the companies management infrastructure.

The founder of the company probably got a settlement package to get out of the picture, and the company has strayed from his original ideas that were driving its success.

Its not unlike that episode of the x-files where the COS takes over the building, and the creator has to stop it after it kills the CEO.

Id wait till their next earnings report, see if they have smoothed out operations, because they are making really good money, they just seem to be blowing it all on some sort of overhead that I wont see until I analyze their balance sheets tomorrow.

Bottom line, This company shows promise. But we need to watch it learn to ride a bike before we bet on it to win the tour de france.

I have several companies that I watch. They have incredible business plan, and Idea, but horrible management puts them in the negatives every quarter. I can't wait till the day I can start buying a controlling interest in these companies, installing an efficients management team, and getting this companies turning over profits.

BX might also fall victim to a short squeeze in the next 5 days if you want this stock for the short term

BX might also fall victim to a short squeeze in the next 5 days if you want this stock for the short term

Yeah I just had a quick look over their balance sheets, doesn't look to good. They seem to be losing astronomical sums of money on investments.

The broke positive for q2, then went back negative for q3 if they can get positive for q4 and q1 I think they would be poised for a takeoff.

damn! how'd you learn to analyze shit like this? someone mentor you awhile back?

Okay so this is what is going on with Blackstone.

They appear to have a significant interest in the banking sector. Unfortunately for them (good for us) they went public just when the banking industry started to get clobbered.

Their banking investments are hemorrhaging money, and preventing them from turning a profit.

I would buy this stock as soon as fed cuts interest rates enough to bail out the banking industry.

do you really think rate cuts are going to bail out the banking industry? just about everyone who qualifies for these good rates already got them a few years ago.

but what you're saying is wait til the banking industry starts to show a realistic glimmer of hope, right?

damn! how'd you learn to analyze shit like this? someone mentor you awhile back?

No, I learned everything I know on my own. The thing about the stock market, is that most people including experts dont know what they are talking about. The only man on TV with an idea of what he is talking about is Jim Cramer.

Id recommend you pick up his books.

If you really want to get down into the balance sheet analysis side of investing, Id recommend you pick up The Intelligent Investor by Benjamin Graham.

Personally, I base most of my investing on ideas. I have a knack for spotting good ideas ahead of the market, and with those plays, I usually ignore the fundamentals because a good idea can overcome any amount of adversity.

I made a killing on Apple when they came out with the iPOD, same thing with Sony when they came out with the PSP. I made a killing off of Google when they went public. I practically begged everyone I knew to dump everything they had into Google.

I only play those kinds of investments with about half of my portfolio though, the other half I invest very conservatively and with lots and lots of research.

do you really think rate cuts are going to bail out the banking industry? just about everyone who qualifies for these good rates already got them a few years ago.

but what you're saying is wait til the banking industry starts to show a realistic glimmer of hope, right?

Well the problem right now, is the rate that the Banks are paying interest on money, and the rate at which they are lending out money is negative.

Its like this.

The bank usually pays out interest rates according to what the fed has set, but they lend out money at a different rate.

For example:

Lets say the fed sets rates at 10%, but the bank can only lend money at 9%, then the bank is losing 1% of its money when it lends.

Now lets say they fed sets rates at 2%, but the bank is lending out at 5%, then they are making a 3% profit on their loans.

Currently, they banks are paying out more money in interest than they are taking in on loans.

As soon as the fed decides to cut rates, they will once again be able to take in more than they are giving out.

That is the genesis of the home lending crisis that is going on right now. The banks are taking in less money on the loans then they are paying out in interest.

The fact that many people have a low interest rate loan, that they got when rates where low is part of the reason that the banks are in such a hard place. They are having a hell of a time keeping up with their interest payments as the rates go up, but at the same time, they are not earning any extra money because so many people have fixed rate loans.

do you really think rate cuts are going to bail out the banking industry? just about everyone who qualifies for these good rates already got them a few years ago.

but what you're saying is wait til the banking industry starts to show a realistic glimmer of hope, right?

Yes, wait till the banking industry shows more than a glimmer of hope before buying into this company.

No, I learned everything I know on my own. The thing about the stock market, is that most people including experts dont know what they are talking about. The only man on TV with an idea of what he is talking about is Jim Cramer.

Id recommend you pick up his books.

If you really want to get down into the balance sheet analysis side of investing, Id recommend you pick up The Intelligent Investor by Benjamin Graham.

Personally, I base most of my investing on ideas. I have a knack for spotting good ideas ahead of the market, and with those plays, I usually ignore the fundamentals because a good idea can overcome any amount of adversity.

I made a killing on Apple when they came out with the iPOD, same thing with Sony when they came out with the PSP. I made a killing off of Google when they went public. I practically begged everyone I knew to dump everything they had into Google.

I only play those kinds of investments with about half of my portfolio though, the other half I invest very conservatively and with lots and lots of research.

that's good. it sounds like you've got a definite gameplan/method in this and you stick to yer guns. i was askin because i wanted to compare your learning experience with mine. i, too, just did it on my own but wasn't analytical for shit. probably cause i was just playin around a good $20K with the intention of simply diversifying my assets while makin a few bucks on return. yer actually makin a living so i can understand the time you put in your decisions.

after nukin out my stocks this summer, i think i probably averaged about a 5% gain on everything i had invested in about 12 years ago. yay. when i'm able to start showing $$$ again i'm definetely gonna take these more technical methods up. i've always been afraid of math (i never even passed high school algebra) yet i made the last 10 years of a living as a financial advisor so anything's possible :)

Well the problem right now, is the rate that the Banks are paying interest on money, and the rate at which they are lending out money is negative.

Its like this.

The bank usually pays out interest rates according to what the fed has set, but they lend out money at a different rate.

For example:

Lets say the fed sets rates at 10%, but the bank can only lend money at 9%, then the bank is losing 1% of its money when it lends.

Now lets say they fed sets rates at 2%, but the bank is lending out at 5%, then they are making a 3% profit on their loans.

Currently, they banks are paying out more money in interest than they are taking in on loans.

As soon as the fed decides to cut rates, they will once again be able to take in more than they are giving out.

That is the genesis of the home lending crisis that is going on right now. The banks are taking in less money on the loans then they are paying out in interest.

Very interesting.
Although I am not in investing, but this is some very interesting information here.

So, and basically the government does not want to cut the percent rate because of the inflation as I understand?

Good thread......

The fact that many people have a low interest rate loan, that they got when rates where low is part of the reason that the banks are in such a hard place. They are having a hell of a time keeping up with their interest payments as the rates go up, but at the same time, they are not earning any extra money because so many people have fixed rate loans.

there's still a good amount of people in ARMs & neg-ams though. the problem is getting THESE people into the fixed rates to keep everything stimulated as you're indicating before they get into trouble. but once (and IF) that happens then we're gonna run out of loans to create unless buying activity picks up....

that's good. it sounds like you've got a definite gameplan/method in this and you stick to yer guns. i was askin because i wanted to compare your learning experience with mine. i, too, just did it on my own but wasn't analytical for shit. probably cause i was just playin around a good $20K with the intention of simply diversifying my assets while makin a few bucks on return. yer actually makin a living so i can understand the time you put in your decisions.

after nukin out my stocks this summer, i think i probably averaged about a 5% gain on everything i had invested in about 12 years ago. yay. when i'm able to start showing $$$ again i'm definetely gonna take these more technical methods up. i've always been afraid of math (i never even passed high school algebra) yet i made the last 10 years of a living as a financial advisor so anything's possible :)

There isn't really much math involved, nothing that your average 5th grader wouldn't understand.

The thing that most people find difficult about the stock market is the fact that it is driven by emotion much of the time. Many people see something going down and they get scared and sell, or they see something going up, so they buy, only to find out that they just bought at the top, and it is going to take a huge plunge.

Its really counter intuitive. You want to sell into strength and buy into weakness. You are always going to kick yourself saying, "if only I held onto that stock just a little bit longer", but selling into strength is the right thing to do, as is averaging down into weakness.

When I am talking about strength and weakness, I am not talking about the company itself, but the sentiment of the investors. Often times, they will panic and bid down a stock to unbelievably low prices without any rime or reason.

This is what really scares people, they see the stock going down, and dont know why, so they sell and lose money, when in reality if the stock is taking a dump for no reason at all, its time to back up the truck and grab all you can.

Its kinda like fighting in the pocket, everyone is scared to try it, but once they do, nothing bad can happen to you (thats not completely true, but you get my point).

I see many people that are fanancially smart, completely dumb founded by the market.

I believe most people want to believe that the market is some complex beast, something hard to understand, but its not.

there's still a good amount of people in ARMs & neg-ams though. the problem is getting THESE people into the fixed rates to keep everything stimulated as you're indicating before they get into trouble. but once (and IF) that happens then we're gonna run out of loans to create unless buying activity picks up....

The problem is two fold. If everyone had a variable rate loan, the banks would be making money, but they home owners would be going bankrupt (we see some of that), but if everyone had a fixed rate home loan, the banks would be losing money, like we see right now.

We are basically in a no win situation right now, it really doesn't matter what kinds of loans people have, because the economic atmosphere that was put in place by the fed is absolutely slaughtering everyone.

There is no doubt about it, the economy IS slowing down, and the fed decided that keeping inflation low was more important that keeping the financial heart of America alive.

We are actually on the verge of catastrophic economic failure, thanks to the fed.

The banks really are not in that much trouble, they have insurance.

This is the real problem. There is 500 billion dollars in bank insurance, and with the banks in such dire straits, the insurance companies are having to pay out.

If the fed does not act in the next week, or even the next few days, nearly every single one of these insurance companies will go belly up.

The DJIA will take about a 3,000 point dump in one day, massive hysteria will ensue, and the United States, might be finished as an economic superpower, all thanks to one man, Uncle Ben.

The "expert" on the causes of the great depression, is potentially driving us head long into another one.

So, and basically the government does not want to cut the percent rate because of the inflation as I understand?

Not the government, the chairman of the federal reserve. Ben Bukake. Thats what Im going to call him from now on, because he does not deserve his true name spoken.

Whats sad is that he endorsed the 150 billion dollar economic stimulus package.

What good will money be without banks?

All of this could be solved if the fed cut rates, and bought the insurance companies that are about to go belly up.

Not the government, the chairman of the federal reserve. Ben Bukake. Thats what Im going to call him from now on, because he does not deserve his true name spoken.

Whats sad is that he endorsed the 150 billion dollar economic stimulus package.

What good will money be without banks?

All of this could be solved if the fed cut rates, and bought the insurance companies that are about to go belly up.

I see, and the banks are sure gonna cash in on these insurances, but wait, would not it then spell doom for the banks as well? In a slightly longer run?

Because as far as I see, with these insurance companies going to shit that means the marker is gonna **** up big time as well?

I see, and the banks are sure gonna cash in on these insurances, but wait, would not it then spell doom for the banks as well? In a slightly longer run?

Because as far as I see, with these insurance companies going to shit that means the marker is gonna **** up big time as well?

Pretty much. It has the potential to be the worst thing that has happened to the US economy since the great depression.

Funny thing is that fact that its plain as day, yet it is getting no news coverage, congress actually praised ben bukake for doing an "excellent job" and reacting "swiftly".

What a joke.

There isn't really much math involved, nothing that your average 5th grader wouldn't understand.

The thing that most people find difficult about the stock market is the fact that it is driven by emotion much of the time. Many people see something going down and they get scared and sell, or they see something going up, so they buy, only to find out that they just bought at the top, and it is going to take a huge plunge.

Its really counter intuitive. You want to sell into strength and buy into weakness. You are always going to kick yourself saying, "if only I held onto that stock just a little bit longer", but selling into strength is the right thing to do, as is averaging down into weakness.

When I am talking about strength and weakness, I am not talking about the company itself, but the sentiment of the investors. Often times, they will panic and bid down a stock to unbelievably low prices without any rime or reason.

This is what really scares people, they see the stock going down, and dont know why, so they sell and lose money, when in reality if the stock is taking a dump for no reason at all, its time to back up the truck and grab all you can.

Its kinda like fighting in the pocket, everyone is scared to try it, but once they do, nothing bad can happen to you (thats not completely true, but you get my point).

I see many people that are fanancially smart, completely dumb founded by the market.

I believe most people want to believe that the market is some complex beast, something hard to understand, but its not.

gotcha. so it sounds like the biggest problems people have are investing emotionally and finding themselves making incorrect assumptions about a company's given position without having much of a concrete reason behind it.

i've probably done that everytime i've either bought a shitty company or sold at the wrong time.

Pretty much. It has the potential to be the worst thing that has happened to the US economy since the great depression.

Funny thing is that fact that its plain as day, yet it is getting no news coverage, congress actually praised ben bukake for doing an "excellent job" and reacting "swiftly".

What a joke.

I don't understand why the dems are not screaming about this on every corner, because we are about to get proper****ed.


ANyway, it is a very weird situation, seems that one man is about to **** up the whole country and the rest of the world in one go.

I don't understand why the dems are not screaming about this on every corner, because we are about to get proper****ed.


ANyway, it is a very weird situation, seems that one man is about to **** up the whole country and the rest of the world in one go.

Because politicians know jack shit, and if they did say shit, they would basically be admitting that they were asleep in office, and let this situation develop.

Do you honestly think any politician wants to take the blame for a **** up of this magnitude?

The problem is two fold. If everyone had a variable rate loan, the banks would be making money, but they home owners would be going bankrupt (we see some of that), but if everyone had a fixed rate home loan, the banks would be losing money, like we see right now.

We are basically in a no win situation right now, it really doesn't matter what kinds of loans people have, because the economic atmosphere that was put in place by the fed is absolutely slaughtering everyone.

There is no doubt about it, the economy IS slowing down, and the fed decided that keeping inflation low was more important that keeping the financial heart of America alive.

We are actually on the verge of catastrophic economic failure, thanks to the fed.

The banks really are not in that much trouble, they have insurance.

This is the real problem. There is 500 billion dollars in bank insurance, and with the banks in such dire straits, the insurance companies are having to pay out.

If the fed does not act in the next week, or even the next few days, nearly every single one of these insurance companies will go belly up.

The DJIA will take about a 3,000 point dump in one day, massive hysteria will ensue, and the United States, might be finished as an economic superpower, all thanks to one man, Uncle Ben.

The "expert" on the causes of the great depression, is potentially driving us head long into another one.


gotcha. so you're sayin the rate cut isn't so much to stimulate the economy through lending origination but to actually start turning a profit on all these existing notes, right?

gotcha. so you're sayin the rate cut isn't so much to stimulate the economy through lending origination but to actually start turning a profit on all these existing notes, right?

Basically, although it would work in both ways.

damn this shawn guy is an encyclopedia when it comes to shit like this.

major props for this.....

OK....so the feds cut the rates today.Should I buy some blackstone and hold on to it for a year or so nwahs?

a 3/4 slash too! they're not ****in around...

a 3/4 slash too! they're not ****in around...

Oh yeah, these teasing bastards.

They probably read our thread

OK....so the feds cut the rates today.Should I buy some blackstone and hold on to it for a year or so nwahs?

Not yet, although the fed did cut rates, and bx is making a positive move today, we need to wait and see what kinds of concrete effects the cut has on the banking industry.

The move today is more of an emotion move, Id like to see some real improvement in their fundamentals before I make a buy.

I would wait until they release their earnings numbers. before I buy. Im guessing their numbers will be catastrophic with the recent banking situation.

Their stock will probably pull back quite a bit, and provided the banking industry is shaping up, that is the time to buy.

the 75 basis point cut was good news, but I feel it is still inadequate, especially considering how slowly they reacted.

However, I would recommend you buy AAPL in the next 30 min if you have some liquidity in your portfolio.

AAPL is going to announce earnings at 12:30, and I have a feeling that they will out perform estimates quite handily.

I actually just dumped 50% of my liquidity into AAPL about 20 min ago.

The good news, BX did touch $17 today, like I predicted it would. I feel as if $17 should be close to the bottom, should the banking industry stabilize.

We might miss out on some profits while we sit back and watch how things play out for BX, but I feel that any profits we miss, are well worth it for the insight we will gain by watching how the market unfolds.

OK....so the feds cut the rates today.Should I buy some blackstone and hold on to it for a year or so nwahs?

Buy and hold is the worst idea ever.

Everyone has a buy and hold mentality. That is wrong. Its buy and research.
You should devote at least 1 hours per week to every stock you own in research.

If you buy and hold, you tend to forget about the stock, and you might check on it one day to find it is down 90%.

Here is an example for you.

A while back, I took a year off from trading and sold off my short term plays and left myself with a few long term holds.

One of them was a company called Adstar (ADST)

I bought the company at $2.82 when I came back, the company was at $0.40

I still own the company, I keep it in my portfolio to remind myself of the dangers of buy and hold.

To date, I have lost 89.38% of my initial investment on ADST.

Buy and hold is the worst idea ever.

Everyone has a buy and hold mentality. That is wrong. Its buy and research.
You should devote at least 1 hours per week to every stock you own in research.

If you buy and hold, you tend to forget about the stock, and you might check on it one day to find it is down 90%.


amen. shit, i think i'm gonna print this thread out and file it away. so you think that once Blackstone releases it's shitty numbers people will get emotional, sell off some more, lower the share price, and then it'll be in a better buy position? assuming of course that more concrete evidence has surfaced by then that the banking industry could be on the upswing...

i've always heard, and seen, bad news about day trading but i'm assuming that most of these cases were with traders that were trading emotionally, rather than logically researching what they were getting into, right?

Here is an example for you.

A while back, I took a year off from trading and sold off my short term plays and left myself with a few long term holds.

One of them was a company called Adstar (ADST)

I bought the company at $2.82 when I came back, the company was at $0.40

I still own the company, I keep it in my portfolio to remind myself of the dangers of buy and hold.

To date, I have lost 89.38% of my initial investment on ADST.

haha! i bought about 500 shares of Deitrich Coffee back in the late 90s at around $6.00 a share. the share price never hit $6.00 again. after a couple of years i just held on to it with the goal of just seeing it go back to $6.00 so i could at least break even.

amen. shit, i think i'm gonna print this thread out and file it away. so you think that once Blackstone releases it's shitty numbers people will get emotional, sell off some more, lower the share price, and then it'll be in a better buy position? assuming of course that more concrete evidence has surfaced by then that the banking industry could be on the upswing...

i've always heard, and seen, bad news about day trading but i'm assuming that most of these cases were with traders that were trading emotionally, rather than logically researching what they were getting into, right?

That is what I believe. Right now BX is going up based on emotion, but once they release earnings (Im not sure when that will be) It will go down, and that is when it will be time to buy, provided the banking industry has stabalized.

If the banking industry is still shitty, BX will have another down quarter after this one, but if the banks turn it around, and I suspect they will, BX should be a strong buy.

The whole market is a good buy right now. Most people panic when the market is getting hammered, but I love it.

This is when fortunes are made.

i've always heard, and seen, bad news about day trading but i'm assuming that most of these cases were with traders that were trading emotionally, rather than logically researching what they were getting into, right?

That is pretty much it. Many day traders try to trade on momentum, these are the guys that usually get hammered, and unfortunately, this is how most traders start out. Fortunately, the ones that don't lose all of their money, usually learn.

Ive had my stints of momentum trading, Ive made and lost more money at it than I care to admit,I even do a few momentum trades now and then just for the thrill, but it is risky business. Fortunately, I was smart enough to do it with spare cash and not my main account. Its never a good idea to make trades without an understanding of the company behind the symbol.

So how long would you recommend holding on to it for.......Apple also?

So how long would you recommend holding on to it for.......Apple also?

good question. when DO you actually sell off? i remember you mentioning how pigs get slaughtered. do you have an initial pre-determined sell price that you aim for before the buy with each stock?

So how long would you recommend holding on to it for.......Apple also?

I never set a time period for how long I will hold onto something. That is setting yourself up for disaster.

I hold onto something until I feel that I should sell it.

It might be a week, it might be a month, it might be a year, it might be two years.

I never set a time period for how long I will hold onto something. That is setting yourself up for disaster.

I hold onto something until I feel that I should sell it.

It might be a week, it might be a month, it might be a year, it might be two years.

I see......rough est? like 25 dollars a share or 30? What do you thinks it's potential might be?

Holy shit! you're a ****ing genious nwahs. That appell petro you were talking about just shot through the roof up 83%!

good question. when DO you actually sell off? i remember you mentioning how pigs get slaughtered. do you have an initial pre-determined sell price that you aim for before the buy with each stock?

Kind of. When I get down and do the math, I set a price target, but it is just that, a target.

The stock market is dynamic, and a price target that seems reasonable today, might not be reasonable tomorrow.

Usually I sell off when I don't want to. I use my own feeling as a gauge. When I get that feeling that I want to hold onto something because it will keep going up, thats when I sell half of my position. Then if it keeps going up, I sell another half.

If it keeps going up after that, I will usually sell the rest. What makes the market difficult is that what is the right thing to do, and what feels like the right thing to do are usually never the same.

Usually if something is up 20% I will sell half of my position immediately, but it really depends on the type of play it is, and what my goals are for the company.

Some companies I will sell off at 2% gains, its all really dependent. There is no real set formula, which makes it confusing if you are looking for a set formula.

I see......rough est? like 25 dollars a share or 30? What do you thinks it's potential might be?

yes. Usually I set price targets by rating my subjective "p4p" rating of the company in regards to its competitors, and comparing their p/e.

Holy shit! you're a ****ing genious nwahs. That appell petro you were talking about just shot through the roof up 83%!

I believe you mistyped the stock symbol. I was talking about AAPL, not APPL.

Although, you might see those types of gains in the next few months from AAPL which is Apple Inc.

Kind of. When I get down and do the math, I set a price target, but it is just that, a target.

The stock market is dynamic, and a price target that seems reasonable today, might not be reasonable tomorrow.

Usually I sell off when I don't want to. I use my own feeling as a gauge. When I get that feeling that I want to hold onto something because it will keep going up, thats when I sell half of my position. Then if it keeps going up, I sell another half.

If it keeps going up after that, I will usually sell the rest. What makes the market difficult is that what is the right thing to do, and what feels like the right thing to do are usually never the same.

Usually if something is up 20% I will sell half of my position immediately, but it really depends on the type of play it is, and what my goals are for the company.

Some companies I will sell off at 2% gains, its all really dependent. There is no real set formula, which makes it confusing if you are looking for a set formula.

not at all. makes perfect sense though. i can understand that it's a case-by-case basis but i like how you hold positioning. so regardless of the activity, you cashout without getting greedy, yet still keep your feet in the water to getting anything leftover from further increases. even if it doesn't go up, you already made a smokin return from that initial sell. i've always just been a buy all/sell all investor and now it's so clear as to how stupid that was.

so what if the stock's taking a dive? you dumped X amount into a given share and it's rollin down. assuming that this price decrease caught you off guard and you realize it was probably a bad call. will you generally sell most off but leave a small percentage in just in case it turns around, or will you dump all out immediately?

I see......rough est? like 25 dollars a share or 30? What do you thinks it's potential might be?

Well, for AAPL (Apple Inc.) I think that it should hit around $320 by years end, provided we do not go into a full recession.

Realistically, I think it will go to around $260, but I think that it is worth $320

I believe you mistyped the stock symbol. I was talking about AAPL, not APPL.

Although, you might see those types of gains in the next few months from AAPL which is Apple Inc.

Oh shit really? LMAO well in case you were interested appl is a petro co that went up from 85 a share to 156 in about the last two hours it appears.........

not at all. makes perfect sense though. i can understand that it's a case-by-case basis but i like how you hold positioning. so regardless of the activity, you cashout without getting greedy, yet still keep your feet in the water to getting anything leftover from further increases. even if it doesn't go up, you already made a smokin return from that initial sell. i've always just been a buy all/sell all investor and now it's so clear as to how stupid that was.

so what if the stock's taking a dive? you dumped X amount into a given share and it's rollin down. assuming that this price decrease caught you off guard and you realize it was probably a bad call. will you generally sell most off but leave a small percentage in just in case it turns around, or will you dump all out immediately?

Well it depends. If it is taking a dump because something horrible happened at the company or because the price was unrealistically high, I will sell off, but If it is getting hammered because of investor emotions, I will take the profits that I cashed out and dump them back into the stock.

Oh shit really? LMAO well in case you were interested appl is a petro co that went up from 85 a share to 156 in about the last two hours it appears.........

Another error on your part. 156 is the price of AAPL, APPL is still at 85. lol. You gotta be careful with symbol.

Also, when you buy into weakness, you don't want to buy all at once, you want to buy in steps, so you are averaging down.

I bought AAPL at 161, 158, 156, 155, I even got lucky and picked up a few shares at 147 when the market opened today.

Well it depends. If it is taking a dump because something horrible happened at the company or because the price was unrealistically high, I will sell off, but If it is getting hammered because of investor emotions, I will take the profits that I cashed out and dump them back into the stock.

but if the price was unrealistically high, wouldn't you have not bought it from the start?

i guess one of the biggest tricks to this is being able to quickly spot out investor emotions/hype vs. realistic internal activity that's negatively influencing the stock. it seems like the latter would be an immediate follow up most of the time so it would seem to me hard to determine WHEN the emotional investors are starting panic. dunno if that makes any sense.

Another error on your part. 156 is the price of AAPL, APPL is still at 85. lol. You gotta be careful with symbol.

Look.....

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

I really only got about 10k thats not tied up that I can afford to buy anything with right now.These stocks with prices in the 100s a share are expensive.......does it matter how much you have to use when deciding what price range stocks you should buy?

but if the price was unrealistically high, wouldn't you have not bought it from the start?

i guess one of the biggest tricks to this is being able to quickly spot out investor emotions/hype vs. realistic internal activity that's negatively influencing the stock. it seems like the latter would be an immediate follow up most of the time so it would seem to me hard to determine WHEN the emotional investors are starting panic. dunno if that makes any sense.

Well usually, when the price is unrealistically high, I bought before it got that way.

For example, Take a look at COIN.

http://www.imagehosting.com/out.php/i1528223_artificialhigh.jpg

The area that I highlighted in green is an artificial high, it was created by traders bidding the price up well above where it should have been. I already owned the stock, so I took advantage of this, and sold near the top.

COIN has corrected itself, and is now at a place where I would buy it again, although I would like to see it go down a little bit more before I pick it up.

I really only got about 10k thats not tied up that I can afford to buy anything with right now.These stocks with prices in the 100s a share are expensive.......does it matter how much you have to use when deciding what price range stocks you should buy?

You need to ignore the price per share of the stock. That has no effect on the expensiveness of the stock.

This is a beginners mistake. People go looking for stocks that are "cheap" based on their price per share.

That is not how it is done.

when playing the stock market you need to look at percentages. When I am searching for stocks, I dont even look at the price, I dont even have the price shown on my screen. I just have percentages, their P/E ratio, and stuff like that.

a 50% gain is a 50% gain regardless if you have 1000 shares of something that is valued at $10 or 10 shares of something valued at $100.

Look.....

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

That is not what my ticker says. My tickers shows that it has not moved at all.

You need to ignore the price per share of the stock. That has no effect on the expensiveness of the stock.

This is a beginners mistake. People go looking for stocks that are "cheap" based on their price per share.

That is not how it is done.

when playing the stock market you need to look at percentages. When I am searching for stocks, I dont even look at the price, I dont even have the price shown on my screen. I just have percentages, their P/E ratio, and stuff like that.

a 50% gain is a 50% gain regardless if you have 1000 shares of something that is valued at $10 or 10 shares of something valued at $100.

Right on.....I've been told that before but have a hard time not taking it into consideration.

That is not what my ticker says. My tickers shows that it has not moved at all.

Oh.....well I dunno.I just ****ed up and punched that in and thats what it showed.I thought you were a genious for a mintue there.....Now I just know you're a really sharp guy and still a mortal man.....lol

Mortal is right.

The reality is, about half of the stocks you pick are going to be duds. The key is to make sure the other half more than make up for them.

Which is why knowing when to sell is so important.

Mortal is right.

The reality is, about half of the stocks you pick are going to be duds. The key is to make sure the other half more than make up for them.

Well I have limtied experience but have dabbled the past 5 years or so.I am much more interested and serious about it now than I was 5 years ago.I just turned 30 in November and am realizing I'm probably going to be around for a while and should start planning for the future better.I have most of my money tied up in sure things like a CD and the rest in a Money Market.I really want to try a couple things though and see what happens.Thats why I've been in this thread so much and reading the stuff your posting.You defintely know what your talking about.

Well usually, when the price is unrealistically high, I bought before it got that way.

For example, Take a look at COIN.

http://www.imagehosting.com/out.php/i1528223_artificialhigh.jpg

The area that I highlighted in green is an artificial high, it was created by traders bidding the price up well above where it should have been. I already owned the stock, so I took advantage of this, and sold near the top.

COIN has corrected itself, and is now at a place where I would buy it again, although I would like to see it go down a little bit more before I pick it up.


i'm assuming though that you sold off around half of that stock before the hyped increase, right?

Do you know anything about jabil Circuit? It's a local comapnay here in St. Pete.....a friend of mine says to buy it right now.Its symbol is jbl.Let me know your thoughts if you have time to check it out.

Well I have limtied experience but have dabbled the past 5 years or so.I am much more interested and serious about it now than I was 5 years ago.I just turned 30 in November and am realizing I'm probably going to be around for a while and should start planning for the future better.I have most of my money tied up in sure things like a CD and the rest in a Money Market.I really want to try a couple things though and see what happens.Thats why I've been in this thread so much and reading the stuff your posting.You defintely know what your talking about.


same reason why i started this thread (well that, and to see if Nwahs had any feeling that Blackstone's large holdings had potential to turn it's founder into the Antichrist).

i just turned 29, have already made and lost boatloads of $$, and want to do it right the next time. i've got some serious IRS problems and i'm not stupid enough to discuss them in detail. let's just say it'll be awhile before i'm in a financial surplus position. so, in the meantime, might as well do a good amount of research. in our 20s we can **** around. by the time the 30s hit, it's probably smart to start thinkin about shit like raising a family and eventually retiring....

Well I have limtied experience but have dabbled the past 5 years or so.I am much more interested and serious about it now than I was 5 years ago.I just turned 30 in November and am realizing I'm probably going to be around for a while and should start planning for the future better.I have most of my money tied up in sure things like a CD and the rest in a Money Market.I really want to try a couple things though and see what happens.Thats why I've been in this thread so much and reading the stuff your posting.You defintely know what your talking about.

I had the advantage of starting young, before I knew what the **** any of these market indicators were or what the **** the DJIA was.

I think it really was an advantage not knowing what I didn't know.

I just bought stocks in stuff that I liked.

I liked to play golf and I liked Calloway clubs so I bought so calloway. I liked to use Titlest balls so I bought some Fortune Brands (parent company of titlest).

I still use that same concept for most of my speculative trades. Thats how I came to Apple and Sony.

I loved my ipod, saw that everyone I knew was dying for an ipod.

I loved my psp, saw everyone was dying for a psp (although the psp seems to have fizzled) so I bought some sony.

I bought apple at $34 sold it at $90 about 3 years back, at the beginning of this year it was at $200 mainly thanks to how the ipod turned the company around.

Now its in the 150's and Im backing up the truck because I still love my ipod, and everyone still wants the latest and greatest ipod or the new iphone or whatever hip new gadget apple comes out with.

Do you know anything about jabil Circuit? It's a local comapnay here in St. Pete.....a friend of mine says to buy it right now.Its symbol is jbl.Let me know your thoughts if you have time to check it out.

Just took a quick glance, I don't like it. However, since it is in your town, its always worth the time to take a quick swing by and see if they have anything in the works that will turn their numbers around.

It might be good, but Im just not comfortable with a company like that.
If you want an electronics play like that I would recommend RVBD.

They have been getting hammered, but they are by far the best company in the industry.

They did announce a dividend today, maybe your friend thought that would drive the price up, but it didn't.

i'm assuming though that you sold off around half of that stock before the hyped increase, right?

I sold half about 3/4 of the way up the hyped increase.

same reason why i started this thread (well that, and to see if Nwahs had any feeling that Blackstone's large holdings had potential to turn it's founder into the Antichrist).

i just turned 29, have already made and lost boatloads of $$, and want to do it right the next time. i've got some serious IRS problems and i'm not stupid enough to discuss them in detail. let's just say it'll be awhile before i'm in a financial surplus position. so, in the meantime, might as well do a good amount of research. in our 20s we can **** around. by the time the 30s hit, it's probably smart to start thinkin about shit like raising a family and eventually retiring....

Yeah no doubt......I've got a 6 year old too so defintely want to make sure he has the good life that I didn't.Good luck to you bro and glad your posting again.

Just took a quick glance, I don't like it. However, since it is in your town, its always worth the time to take a quick swing by and see if they have anything in the works that will turn their numbers around.

It might be good, but Im just not comfortable with a company like that.
If you want an electronics play like that I would recommend RVBD.

They have been getting hammered, but they are by far the best company in the industry.

Right on....thanks for the info.

Yeah no doubt......I've got a 6 year old too so defintely want to make sure he has the good life that I didn't.Good luck to you bro and glad your posting again.

thanx bro. good 2 be back. kinda cool that there's a decent amount of good posters still around.

thanx bro. good 2 be back. kinda cool that there's a decent amount of good posters still around.

Yeah it's not so bad. I mean there are plenty of retarded kids but this adult lounge is very cool.I **** around and act like a teenager at times too but it's nice to be able to come in here and have an intelligent and serious convo if you want.

I'm in front of the computer most of the day at work so I like to check in on here every few minutes if I have time and post or read or whatever.

Ouch, AAPL is getting absolutely clobbered in afterhours.

Ouch, AAPL is getting absolutely clobbered in afterhours.

Just a quick question, the dow jones is still going down(Went -128) although the feds had the cut on percent rate, is that because the companies released their numbers(which, incidentally, sucked) and people just follow the emotion and sell?

Just a quick question, the dow jones is still going down(Went -128) although the feds had the cut on percent rate, is that because the companies released their numbers(which, incidentally, sucked) and people just follow the emotion and sell?

No, the cut narrowly averted disaster. The market opened down 500 points. Had the fed not cut rates, we more than likely would have had a down 1500-2000 point day.

Yeah it's not so bad. I mean there are plenty of retarded kids but this adult lounge is very cool.I **** around and act like a teenager at times too but it's nice to be able to come in here and have an intelligent and serious convo if you want.

I'm in front of the computer most of the day at work so I like to check in on here every few minutes if I have time and post or read or whatever.

your a ****** and you aren't much smarter then those 'retarded kids'. dipshit.

your a ****** and you aren't much smarter then those 'retarded kids'. dipshit.

Wonderful contribution!

Wonderful contribution!

i was just trying to start some shit dude, lol.

bx might be turning into a buy very soon. They have had two good days in a row, but be patient, don't make any impulsive moves on it.

i was just trying to start some shit dude, lol.

You don't say......how the **** did this twit get in the adult lounge......
bx might be turning into a buy very soon. They have had two good days in a row, but be patient, don't make any impulsive moves on it.

Been watching.....gonna take your advice.

In case anyone purchased RVBD on my recommendation, now is the time to take some off the shelf, after a spectacular up 19% day.

Id recommend taking 1/4 off the table instead of the usual 1/2 because RVBD is a longer term play, and I suspect that it will continue to go up.

To help you guys understand why RVBD moved today, I will break it down for you.

Once again, this move is driven by investor emotions.

One of RVBD's competitors announced better than expected earnings today. This, fueled speculation that RVBD will also beat the expected earnings.

If you have not bought RVBD, I would hold back until earnings are announced. If RVBD beats expectations, but does not beat them by as much as it is now suspected that they will, their stock will take a short term beating.

Shawn what do you think of Tec Cominco? And with the market recessing and recessing, when do you predict it will totally bottom out?

In case anyone purchased RVBD on my recommendation, now is the time to take some off the shelf, after a spectacular up 19% day.

I need to reopen an account somewhere....or do you have a better way of buying and selling stocks?

I need to reopen an account somewhere....or do you have a better way of buying and selling stocks?

I used www.tdameritrade.com

Shawn what do you think of Tec Cominco? And with the market recessing and recessing, when do you predict it will totally bottom out?
Mining companies are a nofly zone in a recession.

Personally, I have steered clear of mining companies as I do not understand them very well. To me, one mining company looks exactly like another one. No product differentiation, which is something I do not like.

I have no idea when the market as a whole will bottom, it really depends on what happens in the next few weeks.

I used www.tdameritrade.com

Thanks.....

This htread is shit without Nwahs.:nonono:

yes sir, it is.

I was flashing my newfound investment knowledge at my class today.

But ****ing azteca got him banned.