Investing

#31

thanks for the timp saintlz i guess we will do a lot more talking about investing the months to come.
where about are you in boston? im in connecticut but i travel to quincy at least once a week. going to be there tomorrow actually.

#32

right now i live about 20 minutes north of the city.

if your relatively new to trading, the biggest piece of advice i can give you is to write down on a piece of paper your sell limits....and stick to them 100% of the time. Every mistake i made early on was because i didn't know when to sell. Picking a good stock is something anyone can learn after a little while, but timing is what will make you money or lose you money.

---this of course is not quite as important if you are trading purely for the long term.

#33

well than again you can always place your sell stop limit no? i was thinking of doing that once i get good gains im going to set a sell stop limit just in case it drops beyond a point i want it to, set it to expire till cancelled or executed and i might be ok.

#34

Hmm, how about xm satellite radio? Do yall think they will go up with Sirius?

I haven't done any real investing, but I got like 32nd out of 1800-some nationwide in a stock market game...mainly because
I had as much money as they would allow in Titanium Metals (TIE). That shit went from $40ish to $75ish in like a 3 month period.
It was responsible for about 95% of my profits lol...Wish I woulda had it in real life...

Yo A, how about a Hot Stock Sticky? When you notice a stock that seems set to skyrocket, you post it, and everyone else
can go check it out?

#35

XM is said to go up as well, there are rumors that both the companies will announce big sub gains either this week or they will wait till they get the 4th quarter results to get an even bigger bang out of the news. xm is said to hit 6million subs and sirius is said to either hit 3million or 3.5mill.

keep your eyes on both (SIRI) and (XMSR) if you are interested in this coming up week.

I heard good news about (TIE) this past week. From the source I was listening to its going to go even higher!

#36

What are yall favorite sites for stock analysis, etc?

#37

I personally read IBD, and with the subscription i have access to investors.com. It doesn't do much more that basic charts if your a chart person, but it has a lot of good fundamental analysis. I always keep an eye on marketwatch as well....and just stay informed about my personal stocks on yahoo or netscape.com

#38

I am a subscriber to the "Peter Lynch" method of buy what you know. If my wife comes home from the store and says, "I saw the coolest thing today..." my investment ears perk right up. Sometimes you have to go beyond all the charts and look at something purely from the consumers point of view. If my wife likes it, chances are so will a lot of other wives...and since women are the larger part of the consumer demographic.... you get the idea.

The other thing I do is put my stock to work for me while I own it. Covered calls are a great way to generate some cash from a stock while you are waiting for it to hit your sell price. Conversely, selling puts is a great way to get paid to buy the stock in the first place. Just be careful with options (especially writing calls)... I used to tell new brokers that the best way to end up with a million dollars in the options market...was to start with 2 million! /:D" style="vertical-align:middle" emoid=":D" border="0" alt=":D" />

#39

that is an excellent point about what you wife likes. Looking towards new and interesting things in retail based on what people buy can be an incredible source of knowledge. Even more than watching your wife though i would say to go to the mall with her (i know, not an easy task sometimes), and watch where the kids are shopping. Teenagers with expendable income will show you a great deal about where the retailers are heading, especially in the way of clothing stores.