[ChineseGuy]

Originally Posted by flush01

you really think it'll go lower then ipo price ? i really don't think so, but you never know

another of my gut feelings, lol

i don't have much interest in Visa, so if it doesn't go close to 40, then i just won't buy it.

[sinnet112]

Originally Posted by flush01

and in a year or so you'll be kicking yourself for selling it

Nah, I tend to not hold stocks for more than a few days each, but if it's good I buy it a few times a month using different accounts.

[jlspeed29]

Originally Posted by flush01

you really think it'll go lower then ipo price ? i really don't think so, but you never know

Look @ BX.... they are down 50% since their IPO last year...and theirs was huge too!

i just bought a handfull @ $15 its gonna be tough for them tho =\


this is great! i diddnt know there were this many investors in here!

he need an "Official Stock Talk******" Thread!!!

[flush01]

Originally Posted by jlspeed29

Look @ BX.... they are down 50% since their IPO last year...and theirs was huge too!

i just bought a handfull @ $15 its gonna be tough for them tho =\


this is great! i diddnt know there were this many investors in here!

he need an "Official Stock Talk******" Thread!!!

i agree, we need a new section

[ChineseGuy]

Originally Posted by sinnet112

Nah, I tend to not hold stocks for more than a few days each, but if it's good I buy it a few times a month using different accounts.

Wow, a few days? May i ask why?

I hold mine for months

[sinnet112]

Originally Posted by ChineseGuy

Wow, a few days? May i ask why?

I hold mine for months

Maximizing profits

It doesn't always work, but stocks tend to trade in between its Bollinger Bands, so I try to sell at the peaks and then pick them up at its troughs. You'd have to look into the charts and other indicators to determine if it's at a price you should sell or not.

Of course, some stocks buck the trends and follow the upper band to the point where you wouldn't know if it's going to go down or not, but that's not usually the case.

I actually decided to look into how to analyze charts after PMing a member on here, and it's definitely paid dividends. I've never been able to pinpoint the exact top and bottom, but if you're in the general vicinity, then you're good

Case in point, I bought BLK (BlackRock) at 177 two weeks ago, but it showed potential for upturn, so I held onto it for a while and now it's trading at 224. Probably going to sell if the market turns south tomorrow.

With IPOs such as Visa, there's definitely going to be profit takers no matter how you look at it. When it hit the mid 60s on Thursday, the price that it originally opened at, I knew people would want to take profits, so instead of sucking up the 7% loss, it would be better to sell it and buy it perhaps later this week or next week.

Edit: This is a long post haha, the biggest thing is to trade with discipline. With commissions so cheap nowadays (TradeKing at 4.95, ZeccoTrading at 4.50 plus 10 free trades a month), it makes sense to trade short term but perhaps not daytrade. Don't be too greedy, and it'll pay off.

[ChineseGuy]

Originally Posted by sinnet112

Maximizing profits

It doesn't always work, but stocks tend to trade in between its Bollinger Bands, so I try to sell at the peaks and then pick them up at its troughs. You'd have to look into the charts and other indicators to determine if it's at a price you should sell or not.

Of course, some stocks buck the trends and follow the upper band to the point where you wouldn't know if it's going to go down or not, but that's not usually the case.

I actually decided to look into how to analyze charts after PMing a member on here, and it's definitely paid dividends. I've never been able to pinpoint the exact top and bottom, but if you're in the general vicinity, then you're good

Case in point, I bought BLK (BlackRock) at 177 two weeks ago, but it showed potential for upturn, so I held onto it for a while and now it's trading at 224. Probably going to sell if the market turns south tomorrow.

With IPOs such as Visa, there's definitely going to be profit takers no matter how you look at it. When it hit the mid 60s on Thursday, the price that it originally opened at, I knew people would want to take profits, so instead of sucking up the 7% loss, it would be better to sell it and buy it perhaps later this week or next week.

Edit: This is a long post haha, the biggest thing is to trade with discipline. With commissions so cheap nowadays (TradeKing at 4.95, ZeccoTrading at 4.50 plus 10 free trades a month), it makes sense to trade short term but perhaps not daytrade. Don't be too greedy, and it'll pay off.

I see...

I'm not really good at analyzing charts. I tried to guess how the graph goes, but i'm always wrong on those.

[Last E92 M3]

Originally Posted by ChineseGuy

I see...

I'm not really good at analyzing charts. I tried to guess how the graph goes, but i'm always wrong on those.

wow are you seriously buying stocks based on your gut feelings?
i mean it's none of my business but that's darn risky.

[nissan]

A little OT, but anyone trade options here?

[jlspeed29]

Originally Posted by nissan

A little OT, but anyone trade options here?

I dont do that in real life yet...
I do that in my fantasy stock portfolio..


last week bought calls on google @ $450!
and hit the jackpot....too bad it was a fantasy thing =(

i need more money!

[mrwma237]

My Gut feeling is that I will choose the right lotto numbers....

So I will go buy a lotto ticket...

lol.

[DrewKo]

Originally Posted by sinnet112

Maximizing profits

It doesn't always work, but stocks tend to trade in between its Bollinger Bands, so I try to sell at the peaks and then pick them up at its troughs. You'd have to look into the charts and other indicators to determine if it's at a price you should sell or not.

Of course, some stocks buck the trends and follow the upper band to the point where you wouldn't know if it's going to go down or not, but that's not usually the case.

I actually decided to look into how to analyze charts after PMing a member on here, and it's definitely paid dividends. I've never been able to pinpoint the exact top and bottom, but if you're in the general vicinity, then you're good

Case in point, I bought BLK (BlackRock) at 177 two weeks ago, but it showed potential for upturn, so I held onto it for a while and now it's trading at 224. Probably going to sell if the market turns south tomorrow.

With IPOs such as Visa, there's definitely going to be profit takers no matter how you look at it. When it hit the mid 60s on Thursday, the price that it originally opened at, I knew people would want to take profits, so instead of sucking up the 7% loss, it would be better to sell it and buy it perhaps later this week or next week.

Edit: This is a long post haha, the biggest thing is to trade with discipline. With commissions so cheap nowadays (TradeKing at 4.95, ZeccoTrading at 4.50 plus 10 free trades a month), it makes sense to trade short term but perhaps not daytrade. Don't be too greedy, and it'll pay off.

+1 on this advice. I played apple similarly and made money off it three times. The only stock I hold and keep is dia (diamond trust shares that track the dow). There are other market matching stocks that I might look into, since that area is expanding and is much less expensive than mutual funds. Now, I just need to suck it up and play apple with more than $5,000. Making 10% here and there is good, but is much better when you start with perhaps $25,000-50,000. I just haven't sucked up yet to do it. Also, i have a law practice during the day, and when not enjoying this site (ie, wasting time) I have to earn a living. Thus, watching the market daily some times is not possible.

I like someone's idea of a stock thread. Maybe this is that thread, eh?

[flush01]

Originally Posted by sinnet112

Maximizing profits

It doesn't always work, but stocks tend to trade in between its Bollinger Bands, so I try to sell at the peaks and then pick them up at its troughs. You'd have to look into the charts and other indicators to determine if it's at a price you should sell or not.

Of course, some stocks buck the trends and follow the upper band to the point where you wouldn't know if it's going to go down or not, but that's not usually the case.

I actually decided to look into how to analyze charts after PMing a member on here, and it's definitely paid dividends. I've never been able to pinpoint the exact top and bottom, but if you're in the general vicinity, then you're good

Case in point, I bought BLK (BlackRock) at 177 two weeks ago, but it showed potential for upturn, so I held onto it for a while and now it's trading at 224. Probably going to sell if the market turns south tomorrow.

With IPOs such as Visa, there's definitely going to be profit takers no matter how you look at it. When it hit the mid 60s on Thursday, the price that it originally opened at, I knew people would want to take profits, so instead of sucking up the 7% loss, it would be better to sell it and buy it perhaps later this week or next week.

Edit: This is a long post haha, the biggest thing is to trade with discipline. With commissions so cheap nowadays (TradeKing at 4.95, ZeccoTrading at 4.50 plus 10 free trades a month), it makes sense to trade short term but perhaps not daytrade. Don't be too greedy, and it'll pay off.

it's not so easy as you make it to be... there are alot of factors, you can also loose more $ doing that.. with stock like visa you shouldn't be taking chances to make quick 5% and buy it at lower price, because if it'll pick up to 70 you're out of the race for good unless you buy it at market price again... lets say you got 500 shares @ 57 ($28500), then you sell it @ 65 next day ($32500), so you made $4000 and you're hoping it'll go back to mid-high 50's.. BUT what if it doesn't, and goes to 70$ and stays there for a week and after that goes to 80 and stays there for a month? you can't hit sweet spots every time, if you do it's 80% luck

[sinnet112]

Originally Posted by flush01

it's not so easy as you make it to be... there are alot of factors, you can also loose more $ doing that.. with stock like visa you shouldn't be taking chances to make quick 5% and buy it at lower price, because if it'll pick up to 70 you're out of the race for good unless you buy it at market price again... lets say you got 500 shares @ 57 ($28500), then you sell it @ 65 next day ($32500), so you made $4000 and you're hoping it'll go back to mid-high 50's.. BUT what if it doesn't, and goes to 70$ and stays there for a week and after that goes to 80 and stays there for a month? you can't hit sweet spots every time, if you do it's 80% luck

I don't hit sweetspots every time, but if I win 4 times out of 5 and I lose once, I still make money, and that's the whole point. I never hoped it would go back to mid-high 50s, I'm just quicker to take profits, especially given the volatile market in recent months. In February and March I've managed to get about 15% returns each month, which isn't bad at all I'd say, and I've employed the strategy I mentioned, although there's more to it than I've said.

[ChineseGuy]

Originally Posted by Last E92 M3

wow are you seriously buying stocks based on your gut feelings?
i mean it's none of my business but that's darn risky.

Gut feelings are for my "fantasy portfolio", i never said i bought stock from my gut feelings. When I said I'll get VISA at 40 bucks wasn't based on gut, if it really goes to 40, i strongly believe it will go back up there.

[nusevad]

buy put options.

[chitown3]

I don't own Visa stock, but I'm glad that V hasn't brought down Mastercard like many experts said might happen.
(Caused by the perils of watching CNBC way too much daily)

[flush01]

Second Quarter 2008 Financial Results on April 28, 2008
http://biz.yahoo.com/prnews/080408/nytu094.html?.v=101

hopefully on 28th they'll have some good news, if they do it'll go 10$ more easy

[jlspeed29]

^^ dammit i'm waiting on that too....debating wether to buy more or not

[flush01]

Originally Posted by jlspeed29

^^ dammit i'm waiting on that too....debating wether to buy more or not

lol same here... but im thinking to wait one month from the ipo release ... reason is that companies are not allowed to sell ipo shares for 30 days, so after 30 days some may short it and it might drive stock price down ...

[Expired]

Originally Posted by nissan

A little OT, but anyone trade options here?

Only on earnings.. They are a bit tedious to keep up with otherwise, and it doesn't seem like they rise as much to me..

Originally Posted by flush01

it's not so easy as you make it to be... there are alot of factors, you can also loose more $ doing that.. with stock like visa you shouldn't be taking chances to make quick 5% and buy it at lower price, because if it'll pick up to 70 you're out of the race for good unless you buy it at market price again... lets say you got 500 shares @ 57 ($28500), then you sell it @ 65 next day ($32500), so you made $4000 and you're hoping it'll go back to mid-high 50's.. BUT what if it doesn't, and goes to 70$ and stays there for a week and after that goes to 80 and stays there for a month? you can't hit sweet spots every time, if you do it's 80% luck

That's why there are tons of other stocks to choose from..
Who says that you have to trade a single stock for the rest of your life?? If one isn't working for you one day, trade another that day.

It's actually really easy to read charts, and anyone experienced could probably teach a 10 year old how to make money for the rest of his life in a few days. Trading stocks isn't about luck, and has almost nothing to do with luck unless you are mindlessly buying. It's more technical than you think.

V is also one of the few stocks I have seen that follows chart patterns almost flawlessly. There doesn't seem to be any 'lag' like most stocks have. You're right that there are a lot of factors, but the main three are Economic news, earnings, and charts.. All of which are easily accessible. Also remember to try not to trade against the giants, QQQQ, DIA, SPY.

Jealous of a lot of you.. -___-
Haven't traded in a few months probably, and not feeling the urge to trade at all..
School and hanging out with friends seems to be all that matters at the moment.

-Nathan

[flush01]

Originally Posted by Expired

Only on earnings.. They are a bit tedious to keep up with otherwise, and it doesn't seem like they rise as much to me..


That's why there are tons of other stocks to choose from..
Who says that you have to trade a single stock for the rest of your life?? If one isn't working for you one day, trade another that day.

It's actually really easy to read charts, and anyone experienced could probably teach a 10 year old how to make money for the rest of his life in a few days. Trading stocks isn't about luck, and has almost nothing to do with luck unless you are mindlessly buying. It's more technical than you think.

V is also one of the few stocks I have seen that follows chart patterns almost flawlessly. There doesn't seem to be any 'lag' like most stocks have. You're right that there are a lot of factors, but the main three are Economic news, earnings, and charts.. All of which are easily accessible. Also remember to try not to trade against the giants, QQQQ, DIA, SPY.

Jealous of a lot of you.. -___-
Haven't traded in a few months probably, and not feeling the urge to trade at all..
School and hanging out with friends seems to be all that matters at the moment.

-Nathan

lol ya it's SOOO EASY... i'm sorry but you don't know what you talking about...

ANYWAYS, it's at 75.5 in after hours right now... will be interesting on Monday