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Its Miller Time posted:I want to set aside a pay check on Etrade to play around with and as a reason to learn more about the major public companies in each industry and the developments in each and hopefully become more knowledgeable about a wide range of finance subjects and areas. I also realized I'd rather gamble in what interests me. Where do I start? How do you get your news? I've worked in finance for two years and gotten a similar degree so I have a reasonable base, I just want to start developing fundamental and technical reasons I think certain stocks/industries/countries will perform a certain way in the future, and develop and update my own opinions. I assume this means reading a lot of commentary on internet websites like seekingalpha.com in this day and age. Honestly it's all kind of poo poo. You basically have to inundate yourself with as much poo poo as possible and learn to pick bits and pieces out that make sense. I read seeking alpha and it occasionally has something useful on there, but a lot of it is garbage, you just need to realize that. CNBC and Bloomberg are great for learning things that have already happened. Bloomberg has a free iOS ap that I listen to in the car although Bloomberg seems to have a more global focus than CNBC, which can get annoying. As far as learning what is going on, what direction companies are going on, etc. I would start listening to their quarterly conference calls on line. They are generally archived and most of them can be found on corporate Web sites. I prefer the recordings over transcripts because recordings have analyst questions and answers. I believe I learned the most by picking some companies and listening to their calls. That taught me the most about the companies and their industries.
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May 24, 2012 13:44
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Think I'm going to long Gentex as a play on being long autos. And speaking of BI, here's Slate on them: http://www.slate.com/articles/technology/technology/2012/05/business_insider_a_terrific_news_source_.html COUNTIN THE BILLIES fucked around with this message at 01:37 on May 25, 2012 |
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May 24, 2012 16:54
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Sometimes I read the message boards on yahoo just to see what people are saying. Every time I regret doing so.
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May 25, 2012 06:26
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Just get a one month subscription to the Financial Times and use stocktwits: all the other good stuff gets linked there anyway and it's really nice to have people calling out the chart formations and trends they see and other people calling bullshit on it in real time. Follow it for a few days and you can get a sense for who's an idiot and who seems to be calling things correctly. Almost any "mainstream" newspaper is going to be either five steps behind on any news about the economy or completely wrong. An as for the yahoo message boards, there's never been a more wretched hive of scum and villany.
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May 25, 2012 09:40
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I'm surprised that Twitter hedge fund even lasted a month. http://www.ft.com/intl/cms/s/0/d5d9c3f8-a5bf-11e1-b77a-00144feabdc0.html#axzz1vtCRp8hD
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May 25, 2012 14:53
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FooGoo posted:Sometimes I read the message boards on yahoo just to see what people are saying. A wretched hive of scum and villainy....
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May 25, 2012 15:26
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Smerdyakov posted:Just get a one month subscription to the Financial Times and use stocktwits: all the other good stuff gets linked there anyway and it's really nice to have people calling out the chart formations and trends they see and other people calling bullshit on it in real time. Follow it for a few days and you can get a sense for who's an idiot and who seems to be calling things correctly. You have never seen Stockhouse in Canada. It is so bad there the regulators have started fining posters in the six figures for passing along misleading information.
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May 25, 2012 15:41
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I love stockhouse, my old boss use to post on it often to talk up our company stock (he's in jail for white collar crimes, that have nothing to do with that).
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May 25, 2012 16:53
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Good call. Anybody else been hearing rumors about WMT splitting this summer?
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May 25, 2012 18:34
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I bought into this Chinese medical stock about 2 years ago, CMED. They manufacture and market all sorts of advanced medical tests and devices. I thought it was a great play with the improving chinese medical system (and it was for awhile). Think I posted about this before, but they've been acting shadier and shadier, and then a few months ago they stopped paying their bonds, and cut off all communication. Stock was delisted. Stories came out about how the CEO had the company buy another of his companies for way too much, and then spun off the good parts of CMED for almost nothing, leaving an empty husk. The stock started trading on the pink sheets again as CMEDY (hahaha), and initially traded at around 1. Its been crazy volatile, popping up to over 4 twice now. Now this guy has posted this insane story about how he thinks that this small little investment group has been contracted by the chinese to pick up their shares on the downlow, quietly, for very cheap - with the goal of taking the company private for as little as possible. Basically that the management sells the stock for as much as they can, then acts like assholes to tank it, then buys it back for nothing. This investment company has accumulated over 20% of the shares already, is apparently continuing to buy, and is also doing the same thing with another company with a similar story. Although no mainstream media is covering the company, only this random guy on seekingalpha. http://seekingalpha.com/article/607191-chinese-rtos-covertly-going-private I dunno, this poo poo is nuts. I'm split between a) cashing out and running while people are chasing dreams, b) continuing to hold onto what I have to see whats up, or c) buying into the story and grabbing another chunk of it before they try to buyout the rest of the shares. This is what happens when people have no loving fear of lawsuits whatsoever. Both narratives are perfectly believable to me - either that the management just raped the company and left nothing of value behind, or that this was all an elaborate ploy to make crazy money off of both ends. I guess either way it doesn't make sense to put money into a company where the management is loving around. But it galls me to lose any money at all to these fucktards.
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May 25, 2012 19:57
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Cash out
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May 25, 2012 22:49
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cremnob posted:Cash out I dunno holding opaque chinese companies sounds like a good investment strategy. Having no recourse when things go tits up is just the icing on the cake.
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May 25, 2012 23:02
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lightpole posted:I dunno holding opaque chinese companies sounds like a good investment strategy. Having no recourse when things go tits up is just the icing on the cake. Haha true true. Allright, putting any more money into it is definitely not an option. I just hate cashing out right now when that might be the whole point of this scam.
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May 25, 2012 23:07
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A stock called Comedy: the joke is on someone or other China Medical Technologies – a Chinese diagnostic, medical testing and genetic tools company which I am short – is possibly the strangest story in our portfolio. Here is the official “business description”: http://brontecapital.blogspot.com/2012/05/stock-called-comedy-joke-is-on-someone_09.html quote:So whilst the stock hung in the air much the same way bricks don't we hired someone with genuine expertise in diagnostic tests to look at the technical specifications of the medical tests they had on their website. (Our expert can read Chinese.)
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May 25, 2012 23:18
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Well, what do experts know? The markets knows best and clearly it's about to break out and rip. Don't have free money to invest, but if I max some credit cards I get above the credit limit and then I can get some leverage going. Is 10:1 too conservative on this?
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May 26, 2012 00:57
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Ola posted:Well, what do experts know? The markets knows best and clearly it's about to break out and rip. Don't have free money to invest, but if I max some credit cards I get above the credit limit and then I can get some leverage going. Is 10:1 too conservative on this? Yes. See if you can get your friends and family to get as many credit cards as they can as well. Remember that trading on the market can be risky, so be sure to get a diversified basket of chinese companies of unclear purpose, social media stocks, and biotech penny stocks to make sure that you're "hedged" against any possible risk. If Chinese stocks go down, the biotechs will go up and vice versa, wheras the social media is already internally hedged because of pintrest's coming IPO and of course, the way that twitter delivers real-time cloud content to monetize the complete user experience while adding value.
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May 26, 2012 01:50
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Is anyone following STVI? I stupidly bought more than I should a few months ago at $1.60 expecting it to jump with the FB IPO. I know, many lessons learned the hard way. I'm never touching an OTC stock again. My question now is, should I hold on to it and possibly expect to sell it at cost? Or could it be headed down to $0.60 and I should ditch it now, at a significant loss? Ugh, Captain Hindsight is kicking the crap out of me.
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May 26, 2012 08:01
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FooGoo posted:Is anyone following STVI?
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May 26, 2012 08:14
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I day traded STVI for a while, unfortunately that FB pop was when it rallied to 1.80 one day. Company is kinda shady, terrible customer service, the website doesn't work. The app is decent I guess... The biggest worry of course is their insane amount of market expenses which is a total black box. I asked IR about it and they said they won't reveal what they do for competitive purpose. Shady for sure.
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May 26, 2012 14:10
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Something lawful posted:You don't like it so get out. No one knows if it is going up or down anytime soon, so unless you have a fundamental reason to hold it (which you don't) sell it. The loss has already happened. Good point, thanks for the input.
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May 26, 2012 20:58
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FooGoo posted:Is anyone following STVI? The way I always think of these situations is to pretend that you don't currently own the stock and instead have that money sitting there in cash. Would you use that cash to purchase STVI at its current price? Probably not. So why would you hold it? Sell.
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May 26, 2012 21:15
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Ive been holding RGR for a few months. Ive seen stocks cool off a bit after a great earnings report, but holy poo poo. Anybody else own this one?
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May 26, 2012 22:52
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I've been following rgr for a while and I don't get it either. They are literally making as much money as they possibly can (they have so many orders they had to put them on hold), and there is no reason for demand to drop any time soon (especially if the economy doesn't recover and/or Obama is reelected), so I am quite baffled. I would have to look into it, but it is possible insiders are selling...there were quite a few officers were very low historical costs, perhaps they are taking profits?
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May 27, 2012 00:14
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abagofcheetos posted:I've been following rgr for a while and I don't get it either. They are literally making as much money as they possibly can (they have so many orders they had to put them on hold), and there is no reason for demand to drop any time soon (especially if the economy doesn't recover and/or Obama is reelected), so I am quite baffled. I would have to look into it, but it is possible insiders are selling...there were quite a few officers were very low historical costs, perhaps they are taking profits?
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May 27, 2012 00:21
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abagofcheetos posted:I've been following rgr for a while and I don't get it either. They are literally making as much money as they possibly can (they have so many orders they had to put them on hold), and there is no reason for demand to drop any time soon (especially if the economy doesn't recover and/or Obama is reelected), so I am quite baffled. I would have to look into it, but it is possible insiders are selling...there were quite a few officers were very low historical costs, perhaps they are taking profits? people are stupid. BMO posted a 27% increase in profits for Q2 and even lost less then expected on bad loans. I've lost 500 dollars since that was announced.
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May 27, 2012 02:50
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sbaldrick posted:people are stupid. BMO posted a 27% increase in profits for Q2 and even lost less then expected on bad loans. I've lost 500 dollars since that was announced. People are worried about European exposure. Read deep into the footnotes. Not saying it is bad but there are other factors. (I have not read the footnotes but banks are getting beaten up over these problems.) RBC thought the Dexia deal was good at the time and I would bet that now they are more than a little embarrassed at having their names up on a skyscraper in downtown Toronto. That said, I love BMO and TD's push into the US. evilwaldo fucked around with this message at 18:14 on May 27, 2012 |
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May 27, 2012 18:11
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abagofcheetos posted:I've been following rgr for a while and I don't get it either. They are literally making as much money as they possibly can (they have so many orders they had to put them on hold), and there is no reason for demand to drop any time soon (especially if the economy doesn't recover and/or Obama is reelected), so I am quite baffled. I would have to look into it, but it is possible insiders are selling...there were quite a few officers were very low historical costs, perhaps they are taking profits? Watch the reasons behind the selling. Are the insiders doing this for tax purposes? Are they selling because their stock has taken up a far too large portion of their personal net worth? Those are legitimate selling reasons.
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May 27, 2012 18:18
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evilwaldo posted:People are worried about European exposure. Read deep into the footnotes. Not saying it is bad but there are other factors. (I have not read the footnotes but banks are getting beaten up over these problems.) BMO's European exposure is pretty small, their exposure is mostly US based. People are pretty stupid but then again I was sure that RBC was going to take over Wachiovia when it was "merged" with Wells Fargo
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May 27, 2012 23:02
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sbaldrick posted:BMO's European exposure is pretty small, their exposure is mostly US based. People are pretty stupid The exposure is what you know. There may be some hidden items off balance sheet.
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May 27, 2012 23:05
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Well, it's been quiet, so I'll say it: suck it, FB.
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May 29, 2012 20:33
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FB is pretty much the reason everyone in the "analyst" community is an idiot. On other news, Barrick Gold is currently loving me badly
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May 29, 2012 20:38
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sbaldrick posted:FB is pretty much the reason everyone in the "analyst" community is an idiot. Goldcorp is down big as well which means something must be floating around concerning Pueblo Viejo.
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May 29, 2012 20:47
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Baddog posted:Stuff I love Baddog's posts because you can't tell if he is posting in PITR or BFC just by reading them. Edit, actually the PITR posts are logical and BFC's are all gambol voodoo.
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May 29, 2012 21:05
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Elephanthead posted:I love Baddog's posts because you can't tell if he is posting in PITR or BFC just by reading them. Hahaha I like it! But the vast majority of my money is actually in pretty safe poo poo (like I hope everyone else's is as well). And in my defense in the china stocks, a lot of 'analysts' from large firms were falling all over themselves to rate CMED and others a buy not that long ago. They are all realllll quiet now though. I guess I should just follow BFC conventional wisdom and buy NOK 
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May 29, 2012 23:36
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Not sure if it has been mentioned here, but does does anyone have any opinions on NEON? The company Neonode that developed and patented the slide-to-unlock feature that Apple is in a lawsuit with Samsung over. I have been scouring the internet for information regarding the lawsuit, but there isn't really a ton out there. It seems that since Neonode holds the patent for the technology apple is using and suing samsung for using, they might end up getting bought by Apple to ensure they are the rightful owners of the patent, which could skyrocket the stock up quite a bit. http://seekingalpha.com/article/624041-did-steve-jobs-steal-the-iphone-from-this-potential-30-stock thats an article some guy wrote today about it with some compelling details.
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May 29, 2012 23:43
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ANGRY_KOREA_MAN posted:Not sure if it has been mentioned here, but does does anyone have any opinions on NEON? The company Neonode that developed and patented the slide-to-unlock feature that Apple is in a lawsuit with Samsung over. Second, my understanding of what happened (combined with some stuff from fosspatents): 1) NEON files a patent application on a slide to unlock function; 2) Apple files a patent application on slide to unlock, where an image follows along with your finger as you are sliding; 3) The Apple patent issues (7,657,849); and 4) The Neonode patent issues (8,095,879). Acquiring Neonode would not do anything relevant to Apple's ownership or the validity of the Apple patent.
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May 30, 2012 00:07
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Baddog posted:Hahaha I like it! I haven't seen anyone say buy China without a huge caveat emptor. Personally a stock that has shady financials and business plan in a country like China where recourse is difficult at best is just not worth my time.
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May 30, 2012 02:40
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lightpole posted:I haven't seen anyone say buy China without a huge caveat emptor. Personally a stock that has shady financials and business plan in a country like China where recourse is difficult at best is just not worth my time. Jesus Christ, you all want to crucify me on china, when I pretty much just posted the story as a cautionary wtf tale. Here's a Deutsche Bank analyst from 2010 and Barclays right before the company stopped paying its bonds, this January. http://www.streetinsider.com/New+Co...er/5922377.html http://www.streetinsider.com/New+Coverage/Barclays+Starts+China+Medical+Technologies+%28CMED%29+at+Overweight/7049287.html quote:Deutsche analyst says, "As the largest IVD (in-vitro diagnostic) company in China, CMED is poised to deliver a FY10-14E CAGR of 22% on revenue growth and a CAGR of 37% on EPS. We anticipate a robust turnaround that would far exceed expectations for the following 12-18 months. As CMED’s improving fundamental prospects are not reflected in the stock price, we construe substantial upside potential is likely, with limited downside risk, presenting a compelling risk reward opportunity for both value and growth investors." Limited downside risk, lolololol, good one.
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May 30, 2012 03:30
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People actually listen to analysts?
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May 30, 2012 03:36
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gvibes posted:First, that guy clearly does not know anything about patents. I don't know much about patents either but boy does it seem like total bullshit.
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May 30, 2012 10:46
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