Stock market tips and experiences

[Chowbow]

I can't help it but take the mick out of CSCO. All in good fun. I quite like Cisco as a company but man, they're facing some struggles...

The E symbol is of course, every time they release earnings report. See a pattern? LOL

[AngelinIsRich08]

I feel like I have invested in Enron with CSCO. -3% today???!?!?!!!!? I'm now in 5 digit losses with it. I should've sold two months ago and taken only a $4k loss.

[AngelinIsRich08]

I don't really like Bernanke and do not believe much of what he says. Caused the Dow to drop 100 points. lol: Now it's -23 from 82.

[AngelinIsRich08]

Originally Posted by stylinexpat

I picked up some Apple and SPY calls earlier on today. Fingers crossed with those calls. Hope good old Bernanke does not say anything bad when he gives his speech this afternoon to kill this bounce today.

Ouch. Which ones did you get?

[persian54]

Originally Posted by AngelinIsRich08

Apple is great to buy on dips. I don't have any money though. Only about $7k in cash. But on margin I have a lot. What happens when I buy on margin? Does my broker, fidelity, lend me the money and then take interest or commission off of any profits? Or what happens if I spend their money on something that's losing money?

this is the danger of buying on margin

I rarely use margin, but if I remember right, it's about 8.25% per year (or this is what it used to be) and your balance starts incurring interest after the closing date of the transaction.

You will be paying the interest until you either transfer cash back into your account to pay off the margin or your stock goes up in value and you sell it, paying the margin off and keeping the profit (or doing whatever you want with it)

I know with Scottrade, if I bought on Margin today, as long as I transferred cash into the account before the trade settled, i wouldn't be charged any interested.

[E92TTKING]

so glad I got out of cisco and made profits too lol.
But silver fucked me royally.

[AngelinIsRich08]

I'll definitely stock up on aapl shares tomorrow. Seems like too good a deal, a couple weeks ago I bought apple at $333 and sold at $344. Sold a bit early but made over a grand. Hopefully the same trend happens again. But I'll probably have to see a mutual fund or two to have a decent amount to spend on apple.

[persian54]

am I the only one in here who plays around with financials?

[gnhm3]

Originally Posted by persian54

am I the only one in here who plays around with financials?

No, i've taken a bad beating these past couple of weeks.

[AngelinIsRich08]

^^^ The OP has finally posted on his own thread? Haha.

[gnhm3]

Originally Posted by AngelinIsRich08

^^^ The OP has finally posted on his own thread? Haha.

haha ya. I don't post much but I am here everyday reading what everyone has to say. I haven't been able to trade or research anything the past couple of months because of time constraints but I will be much more active in it and posting here starting next week.

[AngelinIsRich08]

I want you guys to look at GTXI. I was at a small loss for about an year with it when suddenly it jumped 20% some time in March or April and I sold all of my shares. Since then it has almost doubled. I sold way too early. Haha. And it's constantly going up in value. It's up 10% this week alone. But CSCO is down again today too?!???!

[persian54]

Originally Posted by gnhm3

No, i've taken a bad beating these past couple of weeks.

Yeah it's been really hectic

Overall, if I sold everything, I'd be down a lot.

But I've got some more while they're low, waiting until they go back up.

Good thing I got a tough stomach

[AngelinIsRich08]

^^^^^ I have so many calls and puts that I ran out of investment money! Can't really buy anything until July 16.

[AngelinIsRich08]

@ Persian: What have you picked up on the dips? I'm liking CSCO, Apple, Siri, SLV. Maybe MSFT.

[sb335is]

Originally Posted by AngelinIsRich08

@ Persian: What have you picked up on the dips? I'm liking CSCO, Apple, Siri, SLV. Maybe MSFT.

I think CSCO is a stock thats going to stay in a serious recession. I mean if you have a year or so of patience then maybe you'll break even......

I am actually eligible for AAPL's discounting but I don't own any because I don't really want to hold onto it for too long. MSFT??? Are you serious windows is in a decline for the first time in quite awhile.

My dad owns a lot of SLV and he's hoping he will break even with some patience but I'm doubting that. I actually considered buying some double short ZSL and riding the silver sellout.

Right now I'm researching S for a long term because eventually I think they'll be bought out. LVIT is up for a merger in December. And DOW chemical is looking nice to me right now.

I'm getting screwed at the moment - I bought INTC WAY to high at 22.80 which is hammering me at the moment. I bought TSLA at 26.10 and rode it to 31 but got sucked into a meeting right before the sell off occurred.. So now I'm watching it at 27.12 and I think I'm going to buy more - It's inevitable to break 31 and hit the mid 30's with patience. Morgan Stanley's target is 70. I'm planning on building a larger position.

[AngelinIsRich08]

I thought about buying csco puts last month as a means of insurance but was engaged in other trades at the time.... I missed out on so many profits.

[persian54]

Originally Posted by AngelinIsRich08

@ Persian: What have you picked up on the dips? I'm liking CSCO, Apple, Siri, SLV. Maybe MSFT.

AAPL is too expensive for me to buy enough to profit enough money off of

I usually sell a stock after I make 5% profit, sometimes as little as 1% depending on the amount.

I play with BAC NBG QID UYG C a lot

Well, I stopped playing with C after the stupid split and all. PITA.

I liked it when it would drop 20 cents, go up 40 cents, sell. repeat lol.

[AngelinIsRich08]

^^^ Those are the best. I like SIRI for those reasons. But it's gone down about 16% in the past couple weeks so I'm waiting for it to bounce back a bit before I go into it again. SLV and CSCO have set me back $20k. I need to make profits off of so many trades to negate these losses.....

[persian54]

Originally Posted by AngelinIsRich08

^^^ Those are the best. I like SIRI for those reasons. But it's gone down about 16% in the past couple weeks so I'm waiting for it to bounce back a bit before I go into it again. SLV and CSCO have set me back $20k. I need to make profits off of so many trades to negate these losses.....

so you sold your SLV and CSCO and lost 20k? or it's an unrealized loss?

If it's an unrealized loss, you shouldn't need to profit to negate those loses..as well, they're not 'loses' until you sell them

I have a strict policy of not selling a stock that's below my cost, unless I need that money for an emergency (this is considering my already emergency fund is depleted, meaning it's a major emergency.. hopefully it'll never happen), or another investment that will make me enough profit to counter the loss(es) comes forth

Otherwise, I will use more disposal income to buy new shares etc.

You shouldn't sell your SLV CSCO unless you need to; if you can afford to keep onto them, do so IMO.

[AngelinIsRich08]

No, of course I haven't sold. But if I were to sell those would be my losses. If anyone's looking for 20% returns on mutual funds look into vanguard. They have recently gone down a lot so they're a bargain. I have tons of vanguard and know they'll always profit me. Now they're obviously down but very long term they're excellent.

[NYCGP]

I guess you guys never heard the saying, "Sell in May and go away." Very hard to make money during these summer months. The volume just isn't there.