Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. javyn

    javyn Senior member

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    Scalped YNDX for a nice 10% ROI. Not bad. [​IMG]
     


  2. Mesta

    Mesta Senior member

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    Scalped YNDX for a nice 10% ROI. Not bad. [​IMG]
    Hey, can you elaborate on scalping ? [​IMG]
     


  3. javyn

    javyn Senior member

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    Scalping just means in and out for a quick profit. Of course, it can backfire. I remember scalping AAPL back when the ipod came out and thought I was being smart taking my profits when I made 2 bucks a share. Had I held on, I'd be a multi-millionaire by now heh.
     


  4. otc

    otc Senior member

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    Scalping just means in and out for a quick profit. Of course, it can backfire. I remember scalping AAPL back when the ipod came out and thought I was being smart taking my profits when I made 2 bucks a share. Had I held on, I'd be a multi-millionaire by now heh.

    To be clear (so somebody doesn't try to jump on a "sure thing" scalping plan): when it backfires, it is not making 2 bucks a share when you could have ridden the apple train all the way up (this is a success combined with sellers remorse).

    When an attempt to scalp an IPO backfires, you lose money. If you had hopped in on linkedin in the opening trading around $85 and it had fallen back towards the IPO price...you'd get fucked. Since you are relying on hype to buoy the price, an IPO that looks like a loser doesn't have a good chance of recovering during the day (especially when the people who made it pop to $85 start bailing on their positions).
     


  5. javyn

    javyn Senior member

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    Yeah...I realize that. (wasn't in on LinkedIn btw).

    edit: Okay, here was something I didn't know until Fidelity just called me. With a margin account, you aren't allowed to do day trades, you need a day trade account. When I asked how do I get a day trade account, she said just keep doing what you're doing and it will convert haha
     


  6. GreenFrog

    GreenFrog Senior member

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    I just inherited a portfolio from my uncle for a grad gift and it has around 2.5 grand in cash available for investing.

    Any good stock picks? I know the market plummeted yesterday, so I'm hoping to get something for the cheap. Maybe I'll buy some index funds.
     


  7. GreenFrog

    GreenFrog Senior member

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    thinking of buying slv. thoughts?
     


  8. javyn

    javyn Senior member

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    thinking of buying slv. thoughts?

    With the margin hikes, and JPM covering their massive short position in SLV not by delivering silver to the warehouse, but applying to become a warehouse themselves and getting approved in only 2 days (average processing time for apps is 45 days), many people are under the impression SLV doesn't actually have any silver.

    If you are dead set on buying an ETF may want to look at AGQ instead.

    Personally, as much of a conspiracy theorist as I am, silver bugs have me beat being crazy, big time. I don't know if all that's true or not, and don't really care since I prefer to own bullion over paper shares.
     


  9. GreenFrog

    GreenFrog Senior member

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    yeah considering i just got my portfolio a couple hours ago, i dont think im going to jump right onto silver.

    thoughts on svspx?

    just thinking of going all-in with 2.5k on that for the long term, especially considering the crash yesterday.
     


  10. otc

    otc Senior member

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    yeah considering i just got my portfolio a couple hours ago, i dont think im going to jump right onto silver.

    thoughts on svspx?

    just thinking of going all-in with 2.5k on that for the long term, especially considering the crash yesterday.


    Is there a compelling reason to take that over vfinx?

    Either way, I'd say yes, dumping all the money in there is not a bad idea (depending on where the rest of the portfolio is)
     


  11. GreenFrog

    GreenFrog Senior member

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    Is there a compelling reason to take that over vfinx? Either way, I'd say yes, dumping all the money in there is not a bad idea (depending on where the rest of the portfolio is)
    nope. it simply was the first s&p fund i found through my platform's research tab. as you can see, i dont know shit about stocks [​IMG] vfinx it is! edit: some of the stocks in the portfolio include disney, broadcom, korea fund, toronto dominion bank, mcdonalds, pepsi, and several others.
     


  12. javyn

    javyn Senior member

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    I'd wait to see what happens this month w/ QE2 ending. Probably get a short term pop in the dollar, and that could probably collapse silver again, great opportunity to load up on a discount. speaking of silver conspiracy: http://www.zerohedge.com/article/com...ops+to+zero%29
     


  13. Slopho

    Slopho Senior member

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    Watch Groupon's IPO. It will do the exact opposite of LNKD.
     


  14. newbie123

    newbie123 Well-Known Member

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    nope. it simply was the first s&p fund i found through my platform's research tab.

    as you can see, i dont know shit about stocks [​IMG]

    vfinx it is!

    edit: some of the stocks in the portfolio include disney, broadcom, korea fund, toronto dominion bank, mcdonalds, pepsi, and several others.


    Even if it's just a small amount, I would suggest putting 10-15% in bonds (Vanguard Total Bond Index) to serve as a buffer in case the market tanks again.
     


  15. 45elkton

    45elkton Well-Known Member

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    Watch Groupon's IPO. It will do the exact opposite of LNKD.

    why do you say that? they actually have substantial revenue + revenue growth.

    much more clearly defined business model than linkedin in my opinion
     


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