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Talking stocks, trading, and investing in general - Page 211

post #3151 of 5412
Quote:
Originally Posted by CalTex View Post

Yeah I agree with you. Hopefully you make enough to compensate for the losses you mentioned.

Lol. I've lost 8 paycheck's worth of money on AAPL. I do not make enough to compensate for my losses.
Quote:
Originally Posted by idfnl View Post

This is one stock I so could have bought when it was hot and so glad I did not.

____


I am really baldy[1].gif on this one:

http://www.google.com/finance?q=NYSE:DDD

I bought it back in April 2012 at 24, got spooked a few weeks later and sold it at 22. Within weeks it started a steady climb which took it all the way above 70 this month. Fuck, if I only had more guts to stick it out.

In brighter news. My C position which I have been eating shit on for years, buying pre reverse split at $2.50 has almost, and finally broken even. My history is to sell when I get my $ back, but should I ride it for a while?

If I had bought RIMM when I first wanted to right around Thanksgiving, I would have been up 79% by now.

As for your C position -- sell that motherfucker. Don't get greedy.
post #3152 of 5412
Sorry to hear that frog. I'm sure you'll make it back.
post #3153 of 5412
Double post.
post #3154 of 5412
Quote:
Originally Posted by idfnl View Post

In brighter news. My C position which I have been eating shit on for years, buying pre reverse split at $2.50 has almost, and finally broken even. My history is to sell when I get my $ back, but should I ride it for a while?

Just to clarify, I'm no stock analyst. But C was at 10x the current price just 5 years ago. Now that the housing bubble is over, Greek Euro, and Fiscal Cliff, etc. are over .... Shouldn't it be returning to its former glory??
post #3155 of 5412
Sorry to make such a stink, cost basis does not weigh on my decision making. The decision for me I've always phrased as 'where from here?', meaning with today's information do I continue to hold, buy more or sell.

My reasoning behind taking myself out of the equation here is that I have always wanted to discuss the merits of a stock and do not want buy/sell advice.
post #3156 of 5412
Quote:
Originally Posted by seeldoger47 View Post

Quote:
Originally Posted by idfnl View Post


What are you in at?


That question is like asking someone how much they make.


No dude. In talking about investing there is a topic that arises called returns, and knowing your basis is kind of key information to that end.
post #3157 of 5412
Quote:
Originally Posted by gilwood View Post

Just to clarify, I'm no stock analyst. But C was at 10x the current price just 5 years ago. Now that the housing bubble is over, Greek Euro, and Fiscal Cliff, etc. are over .... Shouldn't it be returning to its former glory??

Ya, but there is litigation risk from '08, time it will take for dividend levels to return, European exposure, slow recession recovery.

I'm never going to hold my C shares beyond maybe a 10 or 20% return anyway, I just don't think its the same company as it was as a high flyer.

It just kind of annoys to hold a stock for 5 years and make a 1% return. Greedy, yes, but I want something out of it.

Quote:
Originally Posted by SkinnyGoomba View Post

Sorry to make such a stink, cost basis does not weigh on my decision making. The decision for me I've always phrased as 'where from here?', meaning with today's information do I continue to hold, buy more or sell.

My reasoning behind taking myself out of the equation here is that I have always wanted to discuss the merits of a stock and do not want buy/sell advice.

No sweat for me. We're all free to share at our comfort level or what we want out of the thread.

We think different: I like to look what my current return is and trim/sell when it seems like a good win.

Example in point, STX, up 78% as of last week, kept thinking sell but got greedy and it was down 9% after earnings. Granted earnings were good and it may double or more, but shit man 78% in less than a year is a score.
post #3158 of 5412
Quote:
Originally Posted by gilwood View Post

Just to clarify, I'm no stock analyst. But C was at 10x the current price just 5 years ago. Now that the housing bubble is over, Greek Euro, and Fiscal Cliff, etc. are over .... Shouldn't it be returning to its former glory??

Might be worth your while to look at even just quarterly earnings for 2012 vs 2007.

Former glory is out of the question.
post #3159 of 5412
Quote:
Originally Posted by Cantabrigian View Post

Might be worth your while to look at even just quarterly earnings for 2012 vs 2007.

Former glory is out of the question.

Ya, its like a girl that cheats on you. You might try and get a few more taps out of it but know its finished otherwise.
post #3160 of 5412
Quote:
Originally Posted by gilwood View Post

Just to clarify, I'm no stock analyst. But C was at 10x the current price just 5 years ago. Now that the housing bubble is over, Greek Euro, and Fiscal Cliff, etc. are over .... Shouldn't it be returning to its former glory??

This is far from over. Interest rates are 0 and will be for the foreseeable future. The big banks are a hair from another mortgage crisis. Raise rates or end easing? Watch it all sink when the free money supply dries up.

Also, there isn't much point in selling C right now. Strong upward channel (down to 38) with ascending 50/200 support.
post #3161 of 5412
I was under the impression that the bankers were looking forward to a slightly higher rate.
post #3162 of 5412
Quote:
Originally Posted by vezatron View Post

The big banks are a hair from another mortgage crisis.

Interesting claim, how do you substantiate that?

Quote:
Originally Posted by SkinnyGoomba View Post

I was under the impression that the bankers were looking forward to a slightly higher rate.

Me too. Any excuse to wiggle another .1% out of us.
post #3163 of 5412
The WFC call seemed to suggest that very low rates hold them back. I wouldn't mind a slightly higher rate, all the returns on bond funds at the moment are in capital gains, I would prefer higher distributions without having to take more risk or weight higher toward dividend stocks, which IMO are starting to all look pretty expensive.
post #3164 of 5412
Quote:
Originally Posted by SkinnyGoomba View Post

The WFC call seemed to suggest that very low rates hold them back. I wouldn't mind a slightly higher rate, all the returns on bond funds at the moment are in capital gains, I would prefer higher distributions without having to take more risk or weight higher toward dividend stocks, which IMO are starting to all look pretty expensive.

Considering tax law changes, I get the feeling dividend income stocks will stagnate for a while.

Bank stocks are looking solid today.

Kinda pissed my NLY cut dividend. So stupid to move off of VLKAY over the summer. Bought at 34, sold at 32, its at 47.

Blue horseshoe loves AIG.
post #3165 of 5412

Why ZIRP is toxic to banks. I think it is very likely the major financial institutions, both in the US and Europe, will not surpass their '07/'08 nominal high's over the next decade.

Many markets are looking expensive as investors reach for yield in a zero interest rate world.

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