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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
Tamanon said:Just means you can short a call on that. You definitely don't want to do uncovered shorts at all if you're not financially stable and savvy.
But, longing calls and puts is possible, just might mean you fudge your options experience a little bit on the questionaire
I was thinking of doing long calls. That way everything I lose is what I put in at the beginning - I can't lose more than that, and even if the company goes bankrupt I just let it expire worthless and don't incur any more fees. I've lost money, but not as much as if I had invested in the company with a stock, and it won't take any more out of my pocket than what I've already spent.
koam said:Excellent, first post updated
That's not true. Apple fluctuates $2 to $4 a day. You can keep buying and selling and making money if you know how to do it
And if you buy enough to lower the commissions appreciably or rather the cost/share of commisions at least
PANL is awesome, bought them at $14.98 at this time yesterday, they're at $16.74 right now.
Currently, i'm up $300 with my holdings. Which isn't bad considering that 2 of them are brand new and the other two weren't so hot last week.
Overall
Initial investment: $6000.
Current Worth: $7500.
First investment: April 2007.
Change: +25%
Currently, i'm up $300 with my holdings. Which isn't bad considering that 2 of them are brand new and the other two weren't so hot last week.
Overall
Initial investment: $6000.
Current Worth: $7500.
First investment: April 2007.
Change: +25%
sonarrat said:That was a harsh day, my mutual fund took a bit of a hammering so I took the opportunity to throw another $500 into it and balance out my position.
NTDOY - $56.86
AAPL - $124.59
TTWO - $13.59 (down 4.56%)
Not invested in any of those thankfully.
diversify!
3 Tech stocks = not good.
I sold off a mining one today. Think i'll pick up a bank one but still undecided cause they're still dropping.
koam said:
The only stock I'm invested in right now is a small-cap temp agency. It's a gamble, because it had just come out with poor earnings statements and seen its value drop harshly, but I didn't put much money in it. I mentioned those three because they seem to be hot buttons with the newbies here and I wanted to show them you can quickly get owned like painey just did.
Meh, I buy my stocks on their way down. I love days like today when the market drops, everything is on sale. I'll buy the same stock 4-5 times during the day as it drops so that i can keep lowering my book value. At the end of the day, I only get charged once because it's still the same stock and my book value is averaged a lot lower.
Over the next few days, the stock rebounds and i'm happy and sell at a profit.
Over the next few days, the stock rebounds and i'm happy and sell at a profit.
koam said:Meh, I buy my stocks on their way down. I love days like today when the market drops, everything is on sale. I'll buy the same stock 4-5 times during the day as it drops so that i can keep lowering my book value. At the end of the day, I only get charged once because it's still the same stock and my book value is averaged a lot lower.
Over the next few days, the stock rebounds and i'm happy and sell at a profit.
Really? I didn't know you could trade the same stock multiple times in a day and pay only one commission fee. I would've taken advantage of that.
sonarrat said:
Yup! I found out not to long ago and got confirmation. Make sure your broker supports this, I checked three canadian ones and they all said yes.
Beware, it has to be the same type of transaction. I.e 5 buys = 1 trade. Mixing and matching doesn't working (i.e buying + selling)
I have some questions/comments or whatever for canadian traders.
1) Anyone have any good canadian companies to invest in? I got $5000 or so after some sales today and need a new canadian company to invest in. Don't feel like converting cash.
2) For you canadian traders, you may want to look into CIBC's Investor's Edge account. $395 for 50 trades and then $6.95 for each additional ones.
As for e*trade, i believe they count it as one trade. I think I read it on their site but you'll have to double check.
1) Anyone have any good canadian companies to invest in? I got $5000 or so after some sales today and need a new canadian company to invest in. Don't feel like converting cash.
2) For you canadian traders, you may want to look into CIBC's Investor's Edge account. $395 for 50 trades and then $6.95 for each additional ones.
As for e*trade, i believe they count it as one trade. I think I read it on their site but you'll have to double check.
Flo_Evans said:
Yes, www.fool.com
Sorry i missed this post.
Motley Fool is excellent. You can create an account and choose a bunch of companies and speculate. You're also rated overall versus everyone else who has an account.
Yeah, standard E*Trade commissions are one-offs and collected instantly, not at the end of the day. So if you sell half of a stock at 2 pm and the other half at 3:59 pm on the same day, you pay two commissions. That's what I expected since the commission rates are so much lower than TD Waterhouse.
On the plus side, from reading the fine print I found out that I'll be getting a refund check for all trades I place in the first 30 days.. so I might go ahead and bail on this loser stock if it comes back to break-even point and restore my liquidity. I don't think I'll ever want to subject myself to the minute by minute stresses of serious trading unless I have massive amounts of cash to play with and can actually make a living day trading.
On the plus side, from reading the fine print I found out that I'll be getting a refund check for all trades I place in the first 30 days.. so I might go ahead and bail on this loser stock if it comes back to break-even point and restore my liquidity. I don't think I'll ever want to subject myself to the minute by minute stresses of serious trading unless I have massive amounts of cash to play with and can actually make a living day trading.
Justin Bailey
------ ------
I will once again pimp out Zecco.com for their $0 commission trades.
With all the talk about Take-Two stocks, I just saw this article
http://news.com.com/SEC+may+file+ch...2859.html?part=rss&tag=2547-1_3-0-5&subj=news
http://news.com.com/SEC+may+file+ch...2859.html?part=rss&tag=2547-1_3-0-5&subj=news
yayaba said:
I really don't understand why so many people didn't see this coming. There were clear flags:
1. Many tech companies P/E ratios have been getting too high on the basis of unrealistic expectations. Unrealistic at least at the total market level. Not every company can be forecasted to be wildly successful.
2. Housing market isn't steady. So many homes are being built, the average family size is 1.8, and a bunch of baby boomers are about to retire into assisted living. Warren Buffet made the comment that the market will be bad for a while, just like he did in 1998 with tech stocks.
3. The USD is spiraling downward.
koam said:
3 tech stocks is fine as long as you have other stocks surrounding them.
However, three tech stocks that represent flavor-of-the-month companies is never smart. Especially Take Two. Remember the last company that more or less tied their whole business to one franchise?
yayaba said:
I'm not going to invest in them, even if they reach $100. My woman bought 50 shares at $68 when we both saw them there. She still hanging on to them.
I need some new stocks now, i'm kinda dry this week after making some cash earlier in the week. The only problem is that i won't be able to sell off anything till next monday since i won't have access to my account.
My damn NTDOY shares are beating up my account at the moment. I wonder i should jsut splurge out and buy some more to lower my book value.
This morning.
Also should be noted that all the above (except for MRVL) are Puts. This market is butting up against strong resistance here and as of now has yet to show any conviction to the upside.
I might be a little early to the party but I think we're going down. In fact if you look at the XLF (financials ETF) it looks to be breaking down.. most importantly BSC (Bear Stearns) one of the originators of this recent funk took a nasty little fall about an hour ago.
btw, MRVL Announces 2Q earnings tomorrow after the bell. I'm looking for good things. Although with the market the way it is I'm not expecting as big of a pop as I once did. in other words those Sept 20s might expire worthless.
Also should be noted that all the above (except for MRVL) are Puts. This market is butting up against strong resistance here and as of now has yet to show any conviction to the upside.
I might be a little early to the party but I think we're going down. In fact if you look at the XLF (financials ETF) it looks to be breaking down.. most importantly BSC (Bear Stearns) one of the originators of this recent funk took a nasty little fall about an hour ago.
btw, MRVL Announces 2Q earnings tomorrow after the bell. I'm looking for good things. Although with the market the way it is I'm not expecting as big of a pop as I once did. in other words those Sept 20s might expire worthless.