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post #1 of 26 (permalink) Old 07-30-2002, 09:47 AM Thread Starter
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Anyone play with the cheaper stocks

I just opened an Ameritrade account yesterday. I'm finnally trading online. Are any of you playing around with this also? Got any tips for me, I need to learn the ins and outs of this stuff.

I never really bought stockes before but I have done really well on my companys stock options in the past. I figure it's a good time to start playing with everything being in the tiolet.




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post #2 of 26 (permalink) Old 07-30-2002, 09:57 AM
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Re: Anyone play with the cheaper stocks

Quote:
Originally posted by GsxrTony
I just opened an Ameritrade account yesterday. I'm finnally trading online. Are any of you playing around with this also? Got any tips for me, I need to learn the ins and outs of this stuff.

I never really bought stockes before but I have done really well on my companys stock options in the past. I figure it's a good time to start playing with everything being in the tiolet.
I trade stocks for a living, so I pretty much play with all of them. Anyway, for the average investore the Motley Fool has a great rule of thumb. "If the stock is below five dollars a share there is a good reason it's so cheap" Although these days I'm not sure if five dollars is the figure to work with anymore, but a good rule non-the-less. Unless, you have time to sit there and watch them like a hawk day in and day out.

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post #3 of 26 (permalink) Old 07-30-2002, 10:08 AM Thread Starter
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Yeah really I think the 5.00 mark might need to be moved a bit. A lot of good companies are below that right now. Plus I hear burgur king might be doing an IPO.




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post #4 of 26 (permalink) Old 07-30-2002, 10:15 AM
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Quote:
Got any tips for me
Leave your investing to the professionals

Pick a few funds you have interest in (telecom, tech, etc) and don't touch them until you are ready to retire.

I'd hate to see you lose your wife's bikes due to a margin call.
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post #5 of 26 (permalink) Old 07-30-2002, 10:18 AM
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Quote:
Originally posted by GsxrTony
A lot of good companies are below that right now
Name one


I've got to go with Kruz on this one. Although I do like some of the DRIP programs they have out there, but even with those I stick with more of the index shares like Diamonds and Spiders.

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post #6 of 26 (permalink) Old 07-30-2002, 10:19 AM Thread Starter
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Quote:
Originally posted by Kruz


Leave your investing to the professionals

Pick a few funds you have interest in (telecom, tech, etc) and don't touch them until you are ready to retire.

I'd hate to see you lose your wife's bikes due to a margin call.
No margin for me, just my cash, and I dont put in more than I can afford to lose. I do own part of a telcom find that I bought 3 years ago. You can imagine what that looks like at this moment. I've got a bonus coming in sept, and I think that is going into a fund of some sort.




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post #7 of 26 (permalink) Old 07-30-2002, 10:20 AM
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do your self a favor and buy bonds and CDs

3 years ago...i REALLY hit some good stuff.
still got some of that money left too.

But since last year I am down around 15k its a nasty roller coaster right now.

If I was you don't trade right now for day to day pay off's go for long term retirement portfolios. NOW is the time for that.

I would get a firm to spread sheet good balanced mutual investments for long term pay off.

other then that its RESEARCH research research, forget about hot tips.



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post #8 of 26 (permalink) Old 07-30-2002, 02:22 PM
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post #9 of 26 (permalink) Old 07-30-2002, 02:35 PM
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post #10 of 26 (permalink) Old 07-30-2002, 02:43 PM
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Quote:
Originally posted by Kruz
Buy what you know...
Ahhh the old Peter Lynch Method. Seriously Tony, if this an account you don't care about losing it's ok to do some trading for the experience. I've done that too and have done really well at it. Most people however aren't so lucky. My best advice in this case is learn how to sell. Never fall in love with a stock. If you own something that's given you a good gain sell the thing and move on. There are always good companies out there to buy. Learn about options. They are cheap to trade with big payoffs and limited losses. If you want to talk sometime I'd be happy to talk about it with you, but don't ask for any hot stock tips. I've learned that if you give a good tip you never hear anything about it, but if you give a bad one you never hear the end. Just like anything else....shit happens and you can't always be right. It's a game of probability and any research you do raises your probability for a win.

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post #11 of 26 (permalink) Old 07-30-2002, 02:50 PM
 
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post #12 of 26 (permalink) Old 07-30-2002, 03:31 PM
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Personally, I think the Telecom stocks are destined for a comeback and many of them are at a bargain price right now. The only questions are how much you want to invest in that volatile sector and how long you want to wait for a return.

Many of them are at bargain basement prices right now and you can make a significant investment in the future with little money. They key is to pick ones that will survive.

There are other tech stocks that are out of favor right now but we all know the tech sector will rebound, the question is when.

If you believe in "buy low - sell high", it doesn't seem much of the tech sector can go much lower.

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post #13 of 26 (permalink) Old 07-30-2002, 03:39 PM
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Quote:
Originally posted by BusaDave
it doesn't seem much of the tech sector can go much lower.
I've been hearing that for two years now.

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post #14 of 26 (permalink) Old 07-30-2002, 03:47 PM
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Quote:
Originally posted by Crazy


I've been hearing that for two years now.
Not from me! Seriously though, some of the tech stocks are at or below $2. Like I said, how long do you want to wait? Make a $2 investment now and it's worth $25-40 in 5 or less years. Many of you would spend more at a casino.

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post #15 of 26 (permalink) Old 07-30-2002, 03:50 PM
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Quote:
Originally posted by BusaDave


Not from me! Seriously though, some of the tech stocks are at or below $2. Like I said, how long do you want to wait? Make a $2 investment now and it's worth $25-40 in 5 or less years. Many of you would spend more at a casino.
I know what your saying Dave, but as we've seen with WCOM it's going to be near impossible to predict survivors. Lieing Cheating and Stealing has deminished all credibility, which just tells me to find another place to put my hard earned $$$$$. Just my .02

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post #16 of 26 (permalink) Old 07-30-2002, 04:04 PM
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$2 can go to $0 a lot faster than to $25.
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post #17 of 26 (permalink) Old 07-30-2002, 04:05 PM
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Quote:
Originally posted by Kruz
$2 can go to $0 a lot faster than to $25.
I was wondering when you were going to back me up on this.

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post #18 of 26 (permalink) Old 07-30-2002, 04:15 PM
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Not to be a snob or anything...but I limit my market conversations to those that have a clue. You are absolutley right...you never hear about the good tips.
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post #19 of 26 (permalink) Old 07-30-2002, 04:27 PM
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yeah, i know nothing about trading or investments (wish I did), but I do know it's hard to tell which of these telcom companies are going to come out on top and which will dissappear or get bought out or whatever.

I have just started my career, and am starting to get serious about saving and investments, but I really don't know where to start. I had a sit-down with a merril Lynch rep the other day, but it didnt really tell me much. It was more like a drawn out ad for Merril Lynch.

Here's my two cents: Invest everything in bubble gum and shotgun shells!!!
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post #20 of 26 (permalink) Old 07-30-2002, 04:51 PM
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While I wouldn't want to give advice on what to buy, I will tell you NOT to buy a penny stock called DNTK (Dauphine Technology). There was quite a buzz around Bourbonnais and Kankakee two summers ago about this stock being ready to take off. It didn't and I doubt ever will. I honestly think there were a few people hyping it to drive the prices up so they could sell. I have a cousin in Lindenhurst who heard of it too, so I guess the news travels.

It's a Chicago tech company, but I doubt it will ever turn into a valueable stock.
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post #21 of 26 (permalink) Old 07-30-2002, 05:38 PM
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Quote:
Originally posted by Kruz
Not to be a snob or anything...but I limit my market conversations to those that have a clue. You are absolutley right...you never hear about the good tips.
Well, I wasn't giving any tips! As well I may or may not "have a clue". I can tell you that I have nothing to gain or lose personally from anyone following or not following my line of thinking.

I do know that most porfolio managers will allocate a portion of your porfolio to higher-risk stocks, especially those with a low entry capitol, based on a number of factors including your age and financial goals, including your personal acceptance or aversion to risk.

Yes, you could invest $1k in a $2 stock and lose $1k. It is also conceivable that the stock could raise in a few years to $20 (not entirely out of sight or unreasonable) and you get a $9k return on a $1k investment.

Will we see a glut like the previous tech boom that has distorted everyone's expectations of how stocks are supposed to perform? Who knows?

I don't really care if you disagree with me. This is not my business, just a damn motorcycle board, but it's not really necessary to take a condescending tone.

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post #22 of 26 (permalink) Old 07-30-2002, 10:52 PM
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See what I mean...it's like talking to a financial squid

What is "low entry capitol"...you mean small or micro cap?
I think you meant the other capital....

I'm staying quiet on this topic.
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post #23 of 26 (permalink) Old 07-30-2002, 11:21 PM
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Quote:
Originally posted by Kruz
See what I mean...it's like talking to a financial squid

What is "low entry capitol"...you mean small or micro cap?
I think you meant the other capital....

I'm staying quiet on this topic.
No, actually you're NOT staying quiet!

My use of "low entry capital" means the ability to purchase a large amount of shares with a small capital investment. I was not referring to the capitalization of the company.

I've got a better idea...

Why don't I gracefully back out of this conversation and you can provide your knowledge for free.

It started out as an opinion for someone who asked for opinions. It's not worth the grief to argue with superior knowledge.

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post #24 of 26 (permalink) Old 07-31-2002, 12:09 AM
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how about this...who ever wants me to triple there money what ever the amount...i can do it.

you guys gather up around 9 grand...i go to miami and get a few columbian kilos, come back have it cut and spiced, gives me around 9 kilos..and street market value}80 grand.



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post #25 of 26 (permalink) Old 07-31-2002, 07:36 AM
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Quote:
Originally posted by Odysseys
how about this...who ever wants me to triple there money what ever the amount...i can do it.

you guys gather up around 9 grand...i go to miami and get a few columbian kilos, come back have it cut and spiced, gives me around 9 kilos..and street market value}80 grand.
Best investment I heard of all year

P.S. John: I hope I have a clue or they pay me an awful lot of money for nothing

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post #26 of 26 (permalink) Old 07-31-2002, 08:14 AM Thread Starter
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John tha twas shitty, all I was looking for was some advice on learning about investing.

Thats bud for killing the topic.

Closed




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