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Josh Lyman posted:He's trading options on large cap, high beta names. It's not that hard to do well when you've got no real money on the line. You mean it's easy just in terms of being able to make riskier decisions? What exactly prevents someone from replicating that in real life? edit--wtf he's up 2 million since I posted it originally.
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Mar 12, 2010 00:47
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Free Gucci Mane posted:You mean it's easy just in terms of being able to make riskier decisions? What exactly prevents someone from replicating that in real life? It's more like it's an extremely risky strategy that can pay huge sums and he, while playing with fake money and the entire goal being "go for as much appreciation as possible with no worry about downside because its fake money", happens to be doing really well at it. There are hundreds of people on investopedia trying the same strategy who lost it all. If you take 100,000 people, sit them at a virtual roulette table,give them virtual money, and have them all bet it all on single numbers, someone is probably going to hit 4 or 5 in a row and make a billion dollars- it doesn't mean they are an expert roulette player, it just means 100,000 people were trying an extremely risky strategy and the mathematics of it allowed one (or several) to clean house with it. Everyone else lost all their money. It's not an investment strategy, it's an "I'm playing a simulation and want to see if I can hit a jackpot" strategy. It's like the difference between playing online poker where everyone has $100 in the game and playing online poker where everyone is playing with imaginary money- they're two completely different games. greasyhands fucked around with this message at 01:39 on Mar 12, 2010 |
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Mar 12, 2010 01:24
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Dr. Eldarion posted:I'm looking for a website and it seems like there should be hundreds, but I can't seem to find even one. All I want to do is plug in all the stocks I own and how much of them I have, and see a historical graph of their combined value, perhaps something similar to this, showing a total and breaking it out by each individual value in that total.
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Mar 12, 2010 08:51
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Further from my chariot resources/china sci-tech not-gloat post, Aus goons may want to look at CFE. A$135 million cash offer from China SciTech to acquire a mothballed copper mine. Needs FIRB approval though.
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Mar 12, 2010 15:42
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BNVI will announce the start of its phase III trial of Menerba in the next couple weeks, interest in the past couple months has been really low, but this is going to give a welcome pop to the share price. A decent short-term play at the least, I'll probably hold till at least $1.00-$1.50 or so before I sell off half of my position. We'll probably see at least a 0.25 cent jump on the news.
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Mar 12, 2010 19:52
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Does anyone know a site that includes free cash flow (earnings plus depreciation minus capital expenditure) in its statistical data about stocks? It's such a useful tool and no one seems to have heard of it.
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Mar 12, 2010 20:38
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Morningstar.com has that.
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Mar 12, 2010 20:46
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destructo posted:BNVI will announce the start of its phase III trial of Menerba in the next couple weeks, interest in the past couple months has been really low, but this is going to give a welcome pop to the share price. A decent short-term play at the least, I'll probably hold till at least $1.00-$1.50 or so before I sell off half of my position. We'll probably see at least a 0.25 cent jump on the news. What makes you think it will beat the 52wk high any time soon?
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Mar 12, 2010 21:26
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Possibly a stupid question, I am thinking of picking up some shares of DZZ. I remember hearing somewhere (can't find source anymore) that when shorting the maximum ROI you can have is 200% is that true?
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Mar 12, 2010 21:47
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PianoDragn posted:Possibly a stupid question, I am thinking of picking up some shares of DZZ. I remember hearing somewhere (can't find source anymore) that when shorting the maximum ROI you can have is 200% is that true? When shorting the most you can make is the sale price * number of shares you're short, less any borrowing costs (and that assumes the stock goes to 0). Inverse and leveraged funds are not intended to be held beyond a day. If you don't understand why not then you should do a lot more research before buying in.
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Mar 12, 2010 21:53
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Sylink posted:What makes you think it will beat the 52wk high any time soon? Aside from that they have a breast cancer drug and a vaginal dryness product also in the works, they also have plenty of money in the bank to avoid dilution or fund raising for a year or so. The Phase III trial is scheduled to start in June, but the announcement should come shortly.
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Mar 12, 2010 22:14
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SLNM has a market cap of 110k. Would it be possible to buy a controlling stake in the company?
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Mar 12, 2010 23:56
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LactoseO.D.'d posted:Morningstar.com has that. Sweet, thanks.
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Mar 13, 2010 01:05
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I liked it better when people didn't talk about penny stocks.
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Mar 13, 2010 02:47
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I WANT TO EAT BABBY posted:I liked it better when people didn't talk about penny stocks.
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Mar 13, 2010 03:50
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I WANT TO EAT BABBY posted:I liked it better when people didn't talk about penny stocks. At least the sub-$1 stocks I'm talking about are established/semi-established mining companies with near-term assets and millions in market cap.... right? Just want to make sure I'm not making GBS threads up the thread. That guy who wants to buy a controlling share in SNLM is pretty well out there though.
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Mar 13, 2010 03:57
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Well, I find SLNM to be kind of interesting. They are actually a pretty well established brand and that alone should be worth more than their market cap. They have a bit of debt but nothing too crazy. Shrug. Here are financials. http://finance.yahoo.com/q/bs?s=SLNM.OB I was just asking a strange question. I look at their traffic and figure they have to be worth something even with outstanding debt. I think there are actually a lot of good things about salon.com - great name, valuable brand, a nice backlog of good content. If they can transition well to the iPad and future devices where people might be more willing to pay for content that travels with them they might make money. There aren't really many magazine/news sites out there with a larger audience and a longer history than salon.com. I work on a site that ranks a bit better than salon.com in Quantcast and see a lot of potential. So when I see that the current market valuation is 100k, I ask questions. The domain itself has to be worth 500k to a million.
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Mar 13, 2010 04:38
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I WANT TO EAT BABBY posted:I liked it better when people didn't talk about penny stocks. That said there are plenty of garbage biotechs as well, not everything is the next HGSI or DNDN.
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Mar 13, 2010 06:50
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Ned posted:Well, I find SLNM to be kind of interesting. They are actually a pretty well established brand and that alone should be worth more than their market cap. They have a bit of debt but nothing too crazy. Underwater shareholder equity, ($3.7 million) in working capital is nothing crazy to you? If that's the case, have I got something to sell you...
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Mar 13, 2010 14:35
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Does the dividend from BAB get the matching 35% from the government or is that included in the dividend?
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Mar 13, 2010 23:58
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How would I go about buying HTC they don't have an ADR and are on the TWE. It looks freaking cheap especially with the android operating system becoming more popular. 2498.tw
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Mar 14, 2010 00:24
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Ned posted:Well, I find SLNM to be kind of interesting. They are actually a pretty well established brand and that alone should be worth more than their market cap. They have a bit of debt but nothing too crazy. That is an interesting hypothetical. I would imagine that at this point the debt holders are really in control of the company, and the stock holders are way in the back of the bus.
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Mar 14, 2010 04:33
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Baddog posted:That is an interesting hypothetical. I would imagine that at this point the debt holders are really in control of the company, and the stock holders are way in the back of the bus. Salon used to be worth billions of dollars. I wouldn't be surprised if someone involved with the company early on sold some stock for a few hundred million back in the day and funds the company debt privately. I think the company itself is probably badly run, but they do have some interesting assets. That site shouldn't cost more than 2 million a year to run. 30 writers at 50k a pop working from home plus a couple management types can create a ridiculous amount of content.
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Mar 14, 2010 11:25
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Thank god we've got EDGAR to investigate these baseless theories.8-Q posted:On May 15, 2009 Salon issued to another investor a convertible promissory interest note in exchange for loans with a principal amount of $38. The note bears an interest rate of 7.50 percent per annum, payable annually, in cash or in kind, and matures on March 31, 2012. The note issued on May 15, 2009 may convert at the election of the holder at any time into a number of shares of Salon’s common stock equal to the aggregate amount of the note obligations divided by $1.45. There are also 9,467 preferred shares on issue, valued at 10,088,512 common-equivalent shares ($605,300).
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Mar 14, 2010 15:54
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Whats everyone's opinion on PFE? They have been getting beat up due to some failures with cancer drugs, but they have a nice dividend and a lot of people are saying they are oversold.
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Mar 14, 2010 18:08
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Cheesemaster200 posted:Whats everyone's opinion on PFE? They have been getting beat up due to some failures with cancer drugs, but they have a nice dividend and a lot of people are saying they are oversold. Not sure about PFE, but I have been looking at LLY. They've also been getting really beat up and have a better dividend yield. They haven't been able to pack their pipeline with any really lucrative products since the Prozac years, I suspect something similar is the case for PFE. I'd check PFE's pipeline before pulling the trigger. On a related note I'm looking at grabbing a dividend ETF for my Roth and writing some calls against it. I'm having a terrible time finding a good one. Some of these have expense ratios they just don't deserve. Anyone have any suggestions?
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Mar 14, 2010 23:46
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LactoseO.D.'d posted:On a related note I'm looking at grabbing a dividend ETF for my Roth and writing some calls against it. I'm having a terrible time finding a good one. Some of these have expense ratios they just don't deserve. Anyone have any suggestions? Is there any reason you're looking for an ETF rather than just high-yield stocks? Particularly if you want do buy-writes, VZ and DUK are good, easy and cheap candidates. You're LactoseO.D. so I'm confident you understand dividend risk associated with selling calls. But everyone else reading this post really needs to understand dividend risk associated with selling calls.
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Mar 15, 2010 02:32
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I'm looking at an ETF to diversify away some of the event risk/volatility of the position. It also would save a bit on transaction costs to have one dividend ETF, rather than 10-15 dividend paying holdings, especially in the event things start getting called away and I have to repurchase holdings. I haven't tested it, but I also anticipate the dividend risk of selling calls to be lower on an ETF than a given stock. Might just grab XLU...
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Mar 15, 2010 04:54
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hooray GE!
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Mar 16, 2010 14:39
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Thought very hard about selling SPX Iron Condors ahead of the FOMC announcement, decided against it in case the discount window rate gets bumped another 25bp and the market gets spooked. May revisit the trade after 14:15.
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Mar 16, 2010 15:29
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Cheesemaster200 posted:hooray GE! why? (I am on the hooray boat, but I want to know why) maybe this? quote:General Electric expects to have around $25B in cash at the end of 2010, up from $8.7B in 2009, and plans to resume growing its dividend in 2011. The company sees opportunities for stock buybacks and strategic acquisitions as well. Comments were taken from conference presentation slides.
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Mar 16, 2010 15:50
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Well, decided to get out while the getting was good with AMD today. I bought 95 shares with some tax money at 7.50 a pop. Sold out at 9.30. Got 120% of my investment back. Pretty satisfied with myself. I just put in a large order (for me, 215 shares) of C at $4. Hopefully that doesn't screw me. :3
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Mar 16, 2010 19:23
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Markets do go down, right?
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Mar 16, 2010 21:02
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I WANT TO EAT BABBY posted:Markets do go down, right? Yes, in fact they did for about a year and a half straight starting in late 2007. Short memories...
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Mar 16, 2010 21:15
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Don Wrigley posted:Yes, in fact they did for about a year and a half straight starting in late 2007. Short memories... He was making a joke Don.
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Mar 16, 2010 21:23
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haha GE broke 18.
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Mar 16, 2010 21:35
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Well, if it makes you feel better, I'm down today.
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Mar 16, 2010 21:38
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Anybody have opinions on ge right now? Specifically, buying ge right now?
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Mar 16, 2010 21:45
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Nifty posted:Anybody have opinions on ge right now? Specifically, I hear the sentiment is long. (like 2011 long). I would assume that it's a little bloated because of the news. I only jumped in to have it offset my questionable decision to buy CIM.
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Mar 16, 2010 22:14
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hey, I'm new at trading so this is probably a stupid question but... is it a terrible idea to buy put contracts on some high paying dividend stocks I have? I'm thinking the dividends would eventually cover the premium and then some anyways and the put would cover the stock tanking.
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Mar 16, 2010 22:47
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