What are you suggesting chuck? The only reason I got into FNMA, & FMCC was because it was $.25 when I bought my first thousand shares.

Here is my current lineup:
http://s22.postimg.org/kw7fel54h/Scr...8_04_26_AM.png

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. :tiphat:

Truth.

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

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.

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

call/put spreads

Options - Spread

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. :rofl2:

I agree, if that wasnt' fact I wouldn't have a job! lol ....my point is more that I wasn't sure he was understanding his own objectives. :tiphat:

Just an FYI, personally, I think this is a poor eps season to try and predict. Meaning, I don't think I would try to find companies that would beat or miss #'s. A lot of the estimates out there are stale this quarter. Analyst have been afraid to make many changes because of all the uncertainty with the gov't shutdown and no econ numbers. Releases will probably be eratic and pretty unpredictable. If you want to play some quick trades I would buy and sell companies that beat/miss respectively on the open and flatten positions out during the day.

I agree, I was just speaking in general.

Just like you stated, I wanted to try and build a portfolio with 80-90% of companies that I can hold on to for a long time and not have to worry about.

I was hoping for the rest 10% can be play money/"sexy" money.

Obviously based on what I have stated previously and my lack of knowledge, I am not a day trader by any means. Just following a successful grandpa's suggestions + your guys suggestions.

Good deal. A portfolio with 1/4 old companies with solid dividends, 1/4 small/mid cap growth with consistant eps growth and little debt, 1/4 index etfs (since you can't pick all the winners), 1/8 sector ETFs (make your bet on a whole sector, not a individual company) and 1/8 flat out speculative bets should be a solid outperformer for the long haul if you manage it well and take profits when appropriate and rebalance regularly, but may not keep up on a day to day basis.


I'm assuming you're a young guy with 30+ years of investing on the side while you work. If you're close to retirement, what I just suggested is too risky.

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

oops! .38

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

LOL Im 22, with 2 years of investing experience. Ill retire when I am dead

I meant in the future, not already. :rofl2:

Haha, thank you for your advice Chuck - Ill try and stick to that game plan:tup:

FB is still on the rise. I remember buying in at $20 and sold out because I was too worried. Now its at $51

Just have a well diversified portfolio, rebalance it regularly, take profits when appropriate and have your exit point in mind when you buy something so you don't get greedy. Do that and over the long term you'll beat 99% of average investors and 95% of professional money managers.

There's a reason the old guys with billions are buy and hold types. ;)

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! :tup:

:iagree:

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

LOL...I'm putting some skin in the game. But I've got a mandatory 60day holding period so I'm going a little further out with mar $3 calls

You sound like a smart, sensible fellow. Thanks also for your advice. However I CAN'T change & had to get help dealing with my personality? problems? on & off since my early 20's. For the last 14 years it's been a steady visit to my VA head doctor.

I'm a H.S. dropout that happens to be smart but does many stupid things. Even when I peeked into my Dr's computer, I saw that he wrote that I'm highly intelligent.

Now back to the subject. I'm pissed because I had several opportunities to make a ton of money & blew it because of "my personality"?

Many years ago when N.Y.C. was really down & full of crime(mayor Dinkin's time) brick buildings could have been bought for 100k. I had the money/credit to buy one. Looked & thought but never bought. Today those buildings average 7/8 million dollars.

5 years ago I was on my TD Ameritrade site and saw SIRI, because of that housing fall & rumors of SIRI going bankrupt the stock dropped to 5 cents. I saw $60k available for buying & after seeing all the new cars coming in with sat. radios, I went to my computer to buy one million shares for $50k.
As I was about to place the order something distracted me to the point of leaving the computer. When I cam back the price went to 8 cents & I decided not to buy :( More recent opportunities of smaller amounts were also lost. Over 2 years ago I sold short TESLA at $34. When it reached $22, I made 250k. I'm looking at that amount & my brain said buy to cover/get out! My personality convinced me that the car can't be build from scratch & will go bankrupt. I soon lost that + tens of thousands more:(
That ^^^^ happened a couple of more times just recently with other stocks.

I could have been one of the top one %, but ended up not:(

That's why I didn't take my 100% profit :icon14: I can't change :(

Sure you can. You can still take your profit out. Make this step one in correcting the pattern of self destructive investing. Stop always swinging for the fences. There's a lot of guys in the hall of fame for hitting singles and doubles.

Or hire a financial professional to help you manage your money in a constructive way. Some of us are worth the fee. ;)

hahahaha! just got a little help from Jon Najarian on CNBC. He just said to buy the Dec 3.5 calls on ZNGA. I always thought my room was bugged! lol. Josh Brown, not so much! lol

Alright, you're off the hook. If it tanks, I'll email him the punch in the nuts. :rofl2:

No worries.....I can walk down to the pit and do it for ya! LOL:roflpuke2:

"Hey Jon, this is from some guy on the internet!" Thwack! :rofl2:

hahahaha! I used to be his runner, years ago, on the floor of the CBOE., back in the day when they still traded on cards! .........I'm old! LOL

THANKS, but I'm 65 & this is my last gamble.

Now I must tell you that with my frustrations, regrets, mistakes & all or nothing personality, I still was able to end up with a small modest house on 30 river frontage acres with O mortgage & ALL my cars I buy cash ;)

My personality is so wacko that over the last ten year I accumulated(posted on other site) 150k shares. So this Nov. 5th. vote is a very big thing for me & being true to my personality I'm still at the all or nothing position. :icon14:

I'm on medication :)

Bolded your problem. It's not a gamble, it's an investment. It's not all or nothing unless you want it to be. You can take your original investment out (If your basis is the $2 you mentioned earler, that's $300k) out and let the other half be a gamble. You've taken a big boy position betting on a yes/no vote. That's fine, but cover your *** in case it goes bust. You don't have the working years left to replace the initial investment if it blows up on you.

ZNGA #'s look good! up 10% in post mkt trading. We'll see what they say on the call and what kind of guidance they give. :)

16% and rising. So far so good.

AMZN after hours charts looks entertaining. Quite the ride, lots of money to be made as well.

Tech stocks all up after hours.

40% gain in my ZNGA options overnight!, and No kick in the nuts from Chuck!!! Wish I could do that everyday! LOL:happydance::happydance::happydance:

So far so good. Trying to decide how long I hold these. I'm out of the office today, so it'll be Monday. Or do I gamble and see if it goes further before expiration?

I've got a 60 day mandatory holding period so I'm going to wait till year end and see what the tax situation is to make the decision. I think I'd probably hold on to them a while anyway. Reading through the release, it feels more like a bottoming out and turn around rather than a one trick pony.

You think its too late to buy in? Did I miss that train

Personally, I like to capture an intitial gain when I trade. Partly because of my lockout period, and partly because it's just part of the process of the model I developed to trade with. So I can't look at and analyze the stock the same way as I did yesterday. If I'm looking at it as a longer term play? I think I'd buy the stock, since it's still pretty cheap, and just sit on it for a while. I think the quick gain is over though. But there is certainly a long term growth opportunity here