Stocks Investing MONEY : Education?!! Pinkys : OTC

tibal · 10-24-2013, 09:33 AM

Quote:

Originally Posted by NickTurnon

Hahah i know, its so weird. I got rid of most of my stocks too.. Think i have like 50 left of FMCC

Did you buy?

Haha well I had been doubling down over the past few months. Only holding a bag of 1K shares ranging from 3.00 to 1.30 level. Overall just breaking even now, and people are gauging a run back to the 4.50-5.00 territory as it did before the summer.

We shall see, not buying in any more. Stop option limit sell going on soon and going to take the gains, or break even and be happy

NickTurnon · 10-24-2013, 09:37 AM

Quote:

Originally Posted by tibal

Haha well I had been doubling down over the past few months. Only holding a bag of 1K shares ranging from 3.00 to 1.30 level. Overall just breaking even now, and people are gauging a run back to the 4.50-5.00 territory as it did before the summer.

We shall see, not buying in any more. Stop option limit sell going on soon and going to take the gains, or break even and be happy

Looks like you jynx'd the growth! $2.68 is the high today. Better then the $1.52 its been at for the past month or so.

Ill probably buy (1k) again if it dips below 2.

tibal · 10-24-2013, 09:53 AM

Quote:

Originally Posted by NickTurnon

Looks like you jynx'd the growth! $2.68 is the high today. Better then the $1.52 its been at for the past month or so.

Ill probably buy (1k) again if it dips below 2.

Haha!!

I so did!! Looks like its down again well below. That chart was a DIVE BOMB!! Will it go back.. endless possibilities!!

Chuck33079 · 10-24-2013, 10:11 AM

Again, you'll never get an actual recommendation or specific advice out of me over the internet.

My generic advice would be:

If you're going to be long something, make it something you'd be ok with a long term hold on if the day trading strategy isn't working

OR

If you're committed to speculation, buy and sell call options around earnings releases instead of buying the stock and crossing your fingers. That way only the option premium is at stake.

Meulen · 10-24-2013, 10:16 AM

Quote:

Originally Posted by Chuck33079

Again, you'll never get an actual recommendation or specific advice out of me over the internet.

My generic advice would be:

If you're going to be long something, make it something you'd be ok with a long term hold on if the day trading strategy isn't working

OR

If you're committed to speculation, buy and sell call options around earnings releases instead of buying the stock and crossing your fingers. That way only the option premium is at stake.

I would only add to that buy call/put spreads around those eps releases. It's still protected and cheaper than buying calls/puts straight up.

Chuck33079 · 10-24-2013, 10:18 AM

Quote:

Originally Posted by Meulen

I would only add to that buy call/put spreads around those eps releases. It's still protected and cheaper than buying calls/puts straight up.

Truth.

NickTurnon · 10-24-2013, 10:19 AM

Quote:

Originally Posted by Meulen

I would only add to that buy call/put spreads around those eps releases. It's still protected and cheaper than buying calls/puts straight up.

Ya'll are both speaking some sort of gibberish..

Ill do some research and try and figure out what you are saying.

Thank you -

Just looking for long time growth and have a little fun with stocks that shoot up now and then that I can take advantage of

Chuck33079 · 10-24-2013, 10:23 AM

Quote:

Originally Posted by NickTurnon

Just looking for long time growth and have a little fun with stocks that shoot up now and then that I can take advantage of

Your two objectives do not mesh well together. Long term growth is buying and holding stocks with solid balance sheets and looking at big picture trends. Trading is buying mispriced stocks and flipping them quickly. Unfortunately, this means you're often buying turds and hoping it jumps. There's a place for both, but I try to keep speculation down to 10% or so of my portfolio. This also means I don't pay a lot of short term cap gains. When you look at after tax returns on a lot of short term trades, did you really make as much as you though you did?

Look into options strategies if you want to gamble. I'd rather do that than own some of the underlying stocks.

Meulen · 10-24-2013, 10:26 AM

Quote:

Originally Posted by NickTurnon

Ya'll are both speaking some sort of gibberish..

Ill do some research and try and figure out what you are saying.

Thank you -

Just looking for long time growth and have a little fun with stocks that shoot up now and then that I can take advantage of

About 90% of your list contained mature companies. More value oriented investing than growth, as long as you got them at a good price!

call/put spreads

Options - Spread

Chuck33079 · 10-24-2013, 10:32 AM

Quote:

Originally Posted by Meulen

About 90% of your list contained mature companies. More value oriented investing than growth, as long as you got them at a good price!

Ain't nothing wrong with that. Actually, buying and holding value that pays a dividend usually beats the day traders over time. There's just nothing sexy in that.

Meulen · 10-24-2013, 10:55 AM

"sexy money" thinks the ZNGA Dec 3.5 calls look interesting at .31 in front of eps tonight!

Meulen · 10-24-2013, 10:58 AM

oops! .38

Chuck33079 · 10-24-2013, 11:01 AM

Quote:

Originally Posted by Meulen

oops! .38

Ok, that's what I saw. Let's see if it works.

Meulen · 10-24-2013, 11:27 AM

Quote:

Originally Posted by Chuck33079

Ok, that's what I saw. Let's see if it works.

I know I said I wasn't going to try and predict! lol ! but that is such a CHEAP way to play a possible big move it's rediculous!

Chuck33079 · 10-24-2013, 11:33 AM

Quote:

Originally Posted by Meulen

I know I said I wasn't going to try and predict! lol ! but that is such a CHEAP way to play a possible big move it's rediculous!

Well, if you're wrong I'll email you a punch in the nuts.

10-24-2013, 10:11 AM	#4 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Again, you'll never get an actual recommendation or specific advice out of me over the internet. My generic advice would be: If you're going to be long something, make it something you'd be ok with a long term hold on if the day trading strategy isn't working OR If you're committed to speculation, buy and sell call options around earnings releases instead of buying the stock and crossing your fingers. That way only the option premium is at stake. Meulen likes this. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

10-24-2013, 10:55 AM	#11 (permalink)
Meulen A True Z Fanatic Join Date: Aug 2013 Location: Romeoville, IL Posts: 1,093 Drives: 2010 370z 40th Rep Power: 3391	"sexy money" thinks the ZNGA Dec 3.5 calls look interesting at .31 in front of eps tonight! NickTurnon and Chuck33079 like this. __________________ Follow my build thread here: Meulens Build Journal

10-24-2013, 10:58 AM	#12 (permalink)
Meulen A True Z Fanatic Join Date: Aug 2013 Location: Romeoville, IL Posts: 1,093 Drives: 2010 370z 40th Rep Power: 3391	oops! .38 __________________ Follow my build thread here: Meulens Build Journal

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