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Talking stocks, trading, and investing in general

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

  1. Slopho

    Slopho Distinguished Member

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    I'm back even at BAC 6.80.
     


  2. Saltricks

    Saltricks Senior Member

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    Had to sell some shares in the wee hours of the morning. Hoping to buy back in at a better price point
     


  3. otc

    otc Stylish Dinosaur

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    Its like a legal casino for people who live in states without native american reservations!
     


  4. stevent

    stevent Distinguished Member

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    Wow been too busy to check the market/ my portfolios, I'm almost even again (6.94 I think). Almost sold for tax purposes at the end of the year, glad I didn't
     
    Last edited: Jan 11, 2012


  5. idfnl

    idfnl Stylish Dinosaur

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    +1

    Trading is trading. Who the fuck cares if its pink, otc or a blue chip. Do we have exchange snobs now instead of clothes?
     


  6. Slopho

    Slopho Distinguished Member

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    LOL, so true, did you know that Roche (on of the largest Pharmas on the planet) is on the Pink Sheets?
     


  7. idfnl

    idfnl Stylish Dinosaur

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    I'm up 24% make that 26% on my initial buy. Shudduz bought more. So want to cash out. So want to double up.

    Logic says take the $ since its a shit bank. But so wanna double up.
     
    Last edited: Jan 11, 2012


  8. itsstillmatt

    itsstillmatt The Liberator Dubiously Honored

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    No, there are good reasons, especially for people who are not professional (meaning there all the time) traders to avoid pennies. There is, of course, a big difference between small cap and penny, but you and slopho already know that. I only know 'cause my uncle told me. He also told me that lots of ADRs are traded in the pink sheets.
     


  9. Slopho

    Slopho Distinguished Member

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    Its not a shit bank, remember its priced as if everything is going to go wrong and go to shit. Extremely undervalued at this level. I wouldn't sell this until after the 2nd quarter.
     


  10. idfnl

    idfnl Stylish Dinosaur

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    Lots of ADR's trade there


    I agree to the extent that there is a well known cesspool of fraud and market manipulation going on in there. I would never invest more than a punt in a penny stock. Too many good moves out there to waste time on that kind of risk.


    When do they report Q2?

    And having used that bank as a mortgage servicer, I can tell you 1st hand its a shit bank.
     


  11. itsstillmatt

    itsstillmatt The Liberator Dubiously Honored

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    This is hysterical. Are you trying to sound like a CNBC commentator? Your first statement, that it is not a shit bank, is debatable. Your second is patently untrue, if things go enough to shit, it is worthless, that is clear. Your third is, again, debatable. Based on what metric, compared to what, in what scenario? The last is fucking lol. If the smart thing to do is sell after Q2 (why, btw?) then everybody knowing that will try to beat the next seller, and the smart time to sell regresses to this instant, in which case, there is no reason to hold it at all.
     


  12. Slopho

    Slopho Distinguished Member

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    Probably August. I have a feeling it will be in the $12 to $15 range by then,
     


  13. Slopho

    Slopho Distinguished Member

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    Look, I'm not going to get into some kind of debate with you. I stated my opinion and I believe over time I will be proven correct.
     


  14. itsstillmatt

    itsstillmatt The Liberator Dubiously Honored

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    What a useful stock idea club. I am right, you are wrong, neener neener. FWIW, I am not saying BAC is worth selling, just that your logic is flawed.
     


  15. Slopho

    Slopho Distinguished Member

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    No Neener Neener, I just hate getting into long internet debates on why I like a stock or don't. The cover all is "Do your own DD". I think most of the bank stocks are beaten down but BAC in particular because of the Countrywide mess and a couple of other issues. I think a lot of the issues will be well behind them by this summer, I also think most of the stuff going on in the EZ will pass by then as well. Something could always come up, but BAC at this price is a steal, just like NFLX was a steal at $65. (the rally for that isn't over either BTW) I liked it at $6.80 and will probably sell in September or October.
     
    Last edited: Jan 11, 2012


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