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The Wonder Weapon posted:I have never bought any stock and know very little about it, but when I heard FB was going IPO at $38, I was considering dropping a few hundred in and seeing how things panned out over the span of a few weeks/months. I stopped by here to get some recommendations for online brokers and to get some quick and dirty information, but from reading the last page, it seems like I couldn't even buy at 38 if I wanted to because all the stock is already bought (even though it doesn't go on sale until tomorrow)? Pretty stupid. For starters, you aren't likely to be abe to buy it for anything close to $38 and just as a general rule of thumb its a pretty horrible idea to invest in anything without doing your research. If you want to do it as a pure gamble, wait a few weeks for the IPO hype to wear off a little bit and buy in then.
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May 18, 2012 04:07
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The Wonder Weapon posted:I have never bought any stock and know very little about it, but when I heard FB was going IPO at $38, I was considering dropping a few hundred in and seeing how things panned out over the span of a few weeks/months. I stopped by here to get some recommendations for online brokers and to get some quick and dirty information, but from reading the last page, it seems like I couldn't even buy at 38 if I wanted to because all the stock is already bought (even though it doesn't go on sale until tomorrow)?
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May 18, 2012 04:42
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evilwaldo posted:I would wait to see how the market treats the first quarterly report. The last one was not good with growth slowing and the third quarter is historically weak for tech stocks so patience may be the key here. Alternatively, when they kill display ads (inevitable, it is a ponzi scheme and Zuckerberg surely hates them and is waiting for an excuse to kill them) the stock will tank and it will be a good time to buy then as well, since Facebooks financial future (despite the clamor of the mob) has zero to do with display advertising on facebook.com. nebby fucked around with this message at 09:14 on May 18, 2012 |
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May 18, 2012 06:19
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Foma posted:Ok in for 82 shares of TEF @ 12.5 lets see how this shakes out. I almost got some when it was around $14, aka it's 52-week low. Now it just set a new 52-week low. Does this mean bargain shopping or just another step to go even lower?? 
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May 18, 2012 07:13
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KSU dropped 6% yesterday and is down about 10% in the last month. I can't figure out why for the life of me why they dropped 3x more than the other railroads, but I'm probably going to buy more. Their earnings last quarter were really strong, their credit rating is expecting to improve shortly, manufacturing in the US has been making a comeback, and "near-sourcing" to mexico is starting to take off. KSU has extensive railroad infrastructure in Mexico for bringing goods to the US.
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May 18, 2012 08:12
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FooGoo posted:I almost got some when it was around $14, aka it's 52-week low. Now it just set a new 52-week low. Does this mean bargain shopping or just another step to go even lower?? I thought 12.5 was bottom, still feel good about where I got in at.
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May 18, 2012 08:29
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scavok posted:KSU dropped 6% yesterday and is down about 10% in the last month. I can't figure out why for the life of me why they dropped 3x more than the other railroads, but I'm probably going to buy more. Their earnings last quarter were really strong, their credit rating is expecting to improve shortly, manufacturing in the US has been making a comeback, and "near-sourcing" to mexico is starting to take off. KSU has extensive railroad infrastructure in Mexico for bringing goods to the US. All basic materials and transit are dying right now, there are mass liquidations so implied value still doesn't matter when people are selling stocks to withdraw money to put under the mattress. Even if it pops today the market may be due for a flush that's going to take another 10-20% off nearly everything, so factor in that whatever price you get it at it could lose that much in a 48 period for no reason related to that stock.
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May 18, 2012 12:28
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Everyone is selling to buy Facebook 
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May 18, 2012 14:00
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Well, I guess I didn't miss out on getting the IPO price:quote:To purchase IPO shares through Ameritrade, “you must complete a personal and financial profile, and read and agree to the rules and regulations affecting new issue investing. Each account being registered must have a value of at least $250,000, or have completed 30 trades in the last 3 months. Accounts must also meet certain eligibility requirements with respect to investment objectives and financial status,” the firm says on its Web site. I don't have $250k, and as this isn't fall 2008, I don't have 30 trades in the last 3 months. Although, had I known this, maybe it would have been worth buying and selling SPY's really quickly to amass 30 trades. Still, there's some additional verbiage that makes it sound like a small fry investor with $40k like myself wouldn't get in. 
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May 18, 2012 14:11
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Ooh, this is going to be interesting. I'm not crazy enough to try to trade FB but it's going to be fun watching it.
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May 18, 2012 14:25
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Fidelity requires $500K Sooo...wtf, nothing is updating, not Yahoo, not Google, not even the Scottrade live ticker in relation to FB.
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May 18, 2012 14:30
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Jesus gently caress I'm laughing at the corny rear end heavenly music they just played on CNBC for the opening bell. Zuckerburg is risen today.
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May 18, 2012 14:31
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MrBigglesworth posted:Fidelity requires $500K I may be wrong but I don't think IPOs necessarily start trading at the open bell on the first day. CNBC will usually do live shots of IPOs with a bunch of brokers standing there with their dicks in hands around some monitors.
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May 18, 2012 14:34
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It starts trading at 11.
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May 18, 2012 14:39
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I'm retarded and want to start putting a little money aside into stocks on a weekly basis. Is the information about brokers still valid? I'd like to sign up for E*Trade but am really only looking at investing like 50 to 100 a week.
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May 18, 2012 14:45
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Cheekio posted:I'm retarded and want to start putting a little money aside into stocks on a weekly basis. Is the information about brokers still valid? I'd like to sign up for E*Trade but am really only looking at investing like 50 to 100 a week. They charge $10 a trade. You are better off saving until you can make larger purchases all at once. Unless you are planning on having ROI of >20% to make up for your costs.
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May 18, 2012 14:52
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Cheekio posted:I'm retarded and want to start putting a little money aside into stocks on a weekly basis. Is the information about brokers still valid? I'd like to sign up for E*Trade but am really only looking at investing like 50 to 100 a week. Save up the money. Most brokerages will have some sort of money market account you can put your money in before purchasing something. At 50-100 dollars a pop commissions will murder any profit you would hope to make. It's an admirable goal, and I'm not discouraging you, I would just save up a chunk of a couple grand before making a trade. As far as brokerages are concerned, I love TD Ameritrade, hate Fidelity (simply for their lovely web interface) and hear a lot of people on here talking about how much they like etrade.
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May 18, 2012 14:55
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Cheekio posted:I'm retarded and want to start putting a little money aside into stocks on a weekly basis. Is the information about brokers still valid? I'd like to sign up for E*Trade but am really only looking at investing like 50 to 100 a week. With such a small amount per trade, it might make more sense to consolidate that into 200 - 400 per month instead of doing it weekly so you don't get killed on commissions. Disclaimer: I don't know much of anything and just lurk this thread. Listen to the other people!
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May 18, 2012 14:57
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Whoa, in Germany FB is bidding at $74.
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May 18, 2012 15:05
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Cheekio there are plenty of low fee mutual funds that will expose you to stocks and allow fee free automatic weekly purchases. I would start with one of those. I like Schwab/Options Express as a broker.
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May 18, 2012 15:10
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Scottrade has like 15 no fee ETFs.
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May 18, 2012 15:29
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These past 2 weeks have erased all the gains I've built up for the past year or so, and now my portfolio is entirely in the red for the first time  To be fair, my portfolio is mostly mutual funds, only a bit of it is in common stocks right now (mostly for the learning experience). So given that I intend to use at least some of this cash in about 2 years, is this where I "stay the course" and refrain from selling at a loss just because I see red? Or should I get scared like everyone else by greece and liquidate? I mean I can afford to end 10% down in those 2 years, but maybe not 50%. Ending 50% down in 2 years with fairly diverse mutual funds is really unlikely, right?
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May 18, 2012 15:41
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Speaking of being scared by Greece, is there any way to profit off its collapse besides shorting the universe?
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May 18, 2012 15:51
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Buy into the dips. You average down, get better pricing on new stuff and will be doing better in the end. I love increasing my 401k contributions when we hit bad stretches like in 2008/9.
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May 18, 2012 15:52
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SpaceMost posted:Speaking of being scared by Greece, is there any way to profit off its collapse besides shorting the universe? Put options, inverse ETFs, ammo, canned food and water purification kits.
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May 18, 2012 15:55
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http://finance.yahoo.com/blogs/breakout/ Live feed of the IPO going public. Hasn't happened yet, moved from 11am East to 1105, and now we are 1112, and "still pending".
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May 18, 2012 16:12
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So 30 minutes late, are we waiting for Zuck to show up? Edit: just traded - 42.30
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May 18, 2012 16:30
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There it goes.
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May 18, 2012 16:30
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Etrade is getting hammered it appears.
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May 18, 2012 16:31
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87 mill....wait, 88,....poo poo.......89 m...gently caress 90 million shares already.
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May 18, 2012 16:32
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fading already? Anybody want to make a guess for end of Day? Just for Fun I say it settles below 45 but above 42.
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May 18, 2012 16:36
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My bid is at $29. Doubt it will get there...
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May 18, 2012 16:37
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Hate to bust in on the Facebook IPO, but I'm hoping for some quick advice from the stock gurus. I recently received an inheritance of a few shares of stock (Prudential) and I'd like to sell it relatively soon. What's the quickest and easiest way to do this without getting killed on commission? E-Trade? I've never sold any stock before so I have no idea what I'm doing.
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May 18, 2012 16:38
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Commission is X amount of money for Y lot of shares. Dont know what the one is at your broker, but Scottrade is $7 for any amount of shares. You sell 1 share of something, it's $7 comm. Sell 1000 shares of something, it is $7. Its a per trade situation.
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May 18, 2012 16:41
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Cheekio posted:I'm retarded and want to start putting a little money aside into stocks on a weekly basis. Is the information about brokers still valid? I'd like to sign up for E*Trade but am really only looking at investing like 50 to 100 a week. Look into Vanguard then. They have a small brokerage offering that will allow you to buy into their funds for $20/year (only 1 charge!) as well as into their various funds for no fee. That is by FAR the cheapest option you're going to have with such small amounts of money. Keep in mind that if you're paying 7$ to invest 100, you need to see a return of 8% before you even break even, at $14 round-trip, you need to see 15% return just to break even.
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May 18, 2012 16:54
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Aaaand the Facebook balloon has run out of air. ZNGA is halted down 13%. If you shorted social media this morning, great job!
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May 18, 2012 16:54
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Haha, you can see where all the limit orders were on FB as ALL the trade volume is on 40, 39, and 38
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May 18, 2012 16:58
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How does FB's incorporation into the Nasdaq index, SP 500, and Dow work? It's one of the biggest companies right? Will it eventually be added to most of the major indexes? Is it already in? How does this work.
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May 18, 2012 17:04
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snowcrafta posted:Well if you like the company and you're thinking that a new release that's going to do better than analysts think, gamble away. I just bought more of ATVI because of Diablo iii, and remember that they have a lot of titles coming out this year (d3, Starcraft 2 expansion, new WoW expansion, and Black Ops 2), and all those titles look exceptionally good for sales. Huh? There's no guarantee they're releasing an expansion this year. The single-player was only half finished last June and they haven't even started a closed multiplayer beta yet.
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May 18, 2012 17:18
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It'll probably be added to all those indexes relatively soon. Except the Dow, since the stocks there are not changed that often and need to represent the whole economy in 30 shares. Apple isn't a Dow component even though it currently has the highest market cap of any US stock.
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May 18, 2012 17:19
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