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madkapitolist posted:
Going to echo the sentiment on this one, any reason why you invested, or did it just feel like "a good deal" to you? I have friends that work at Zynga who say they don't even want the stock.
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Jul 17, 2012 17:33
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Bought ZNGA at 4.96.... dropped ~10% already. Would you pull the ripcord or wait for Q2 earnings next week?
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They seemed promising from reading some news, also from the last weeks/ months Ive been observing it, they have been bouncing up and down ~5.50 so I felt like the recent tech slide was a good time to "get in". Expensive lesson...
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Jul 17, 2012 17:55
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I mean, looking at the chart there is some intense selling pressure. Volume has been increasing as the stock price has been decreasing. Like literally if you flipped the chart over it would be a beautiful long, with buying opportunities at the 20dma. I'm going to keep an eye on ZNGA and probably go short the next time it comes back to the 20dma.
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Jul 17, 2012 19:34
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Zynga's biggest hope is that Internet Gambling gets legalized and they can flip a pay switch the next day. There is a huge underground payment market that they never see a dime from on their Poker games.
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Jul 17, 2012 20:22
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change my name posted:Isn't bloomberg access usually limited to institutions unless you pay a really high licensing fee? I don't know the cost details associated with having a Bloomberg terminal. I do know there are daily constraints on the amount of data one can pull before additional charges start kicking in, so that is another constraint on any amount of data I access from it.
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Jul 17, 2012 23:32
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My wife bought into znga without telling me when they were around $12. I just found out and have no idea what to do with it now. Should I sell now or ride it out and hope for a miracle?
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Jul 18, 2012 05:24
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Velvet Fog posted:My wife bought into znga without telling me when they were around $12. I just found out and have no idea what to do with it now. Should I sell now or ride it out and hope for a miracle? Would you buy it if you had their current market value sitting in your account as cash right now? If the answer is no, sell.
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Jul 18, 2012 06:02
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 Oops, someone forgot to update their profile.
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Jul 18, 2012 07:21
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up about $600 on MSFT, I am not feeling it anymore, but need to hold it another 60-90 days for it to be considered long term. Not sure if I should wait or hold out.
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Jul 18, 2012 07:28
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Foma posted:up about $600 on MSFT, I am not feeling it anymore, but need to hold it another 60-90 days for it to be considered long term. Not sure if I should wait or hold out. It's Microsoft; practically the definition of just hold out.
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Jul 18, 2012 14:49
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MSFT is great if they would just stop buying other companies. I think they will survive the next 6 months. No one will know windows 8 office 2014 is garbage until then.
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Jul 18, 2012 15:34
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Elephanthead posted:MSFT is great if they would just stop buying other companies. I think they will survive the next 6 months. No one will know windows 8 office 2014 is garbage until then. Doesn't MSFT still have a massive war chest. Plus it's massive patent war chest. Plus Gates could just call in Apple's debt and take the whole thing private. MSFT is a pretty good bet long term.
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Jul 18, 2012 15:59
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Foma posted:up about $600 on MSFT, I am not feeling it anymore, but need to hold it another 60-90 days for it to be considered long term. Not sure if I should wait or hold out. Let it collect another div and when you are long pull the cord.
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Jul 18, 2012 16:08
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Velvet Fog posted:My wife bought into znga without telling me when they were around $12. I just found out and have no idea what to do with it now. Should I sell now or ride it out and hope for a miracle? Wow, yes sell now. I mean, the loss is the least of your worries. Now you have trust issues. Foma posted:up about $600 on MSFT, I am not feeling it anymore, but need to hold it another 60-90 days for it to be considered long term. Not sure if I should wait or hold out. MSFT is a great stock. I would hold it longer than 90 days for sure. They got everything going for it. COUNTIN THE BILLIES fucked around with this message at 16:29 on Jul 18, 2012 |
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Jul 18, 2012 16:21
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Thoughts on GNW? Currently trading at half the book value. Plus the recent CEO shake-up, improving equities markets, and improving mortgage loan mod rate makes it appealing.
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Jul 18, 2012 16:42
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If the equity market is improving, then why isn't GNWs stock? I thought that WFC was becoming the premier mortgage bank nowadays, anyway. Any strong momentum over 35 and I'm in for a little. Also, thoughts about a play on the drought? I mean, most fert stocks have moved 25%-ish in the last quarter (though MON, CF, and AGU look better than others); it's probably too late to chase now, but I'd probably consider it on a decent pullback. e: Also for all my love for AGNC, I didn't buy more today because I'm already pretty far into it. Definitely think it's a decent opportunity for other people though.
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Jul 18, 2012 16:51
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sink the biz posted:Thoughts on GNW? Currently trading at half the book value. Plus the recent CEO shake-up, improving equities markets, and improving mortgage loan mod rate makes it appealing. It has a pretty high beta so I might hold for 6 months or so and see what happens but I don't see it as anything long-term you would want to get into bed with. Turkeybone posted:If the equity market is improving, then why isn't GNWs stock? As far as banks go, I like WFC a lot along with JPM, STI, and HOMB. Actually looking at owning some JPM soon, it's too cheap to pass up. Not sure if I would momentum trade any banks though... Just read The Little Book of Bulls Eye Investing by John Mauldin. Highly recommended. It's pretty basic but does a good job of explaining it's ideas, especially cycles which I've always thought as a crock of poo poo but have more respect for now. I especially liked the part about how the growth rate of the economy eventually limits the growth rates of companies. COUNTIN THE BILLIES fucked around with this message at 18:07 on Jul 18, 2012 |
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Jul 18, 2012 17:33
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How do you folks track your trades for taxes? I trade with TDAmeritrade. I love the trading platform but I have a hard time, especially with long stocks, figuring out purchase dates, shares bought, cost basis and total profit etc. Is there a simple free program / spreadsheet out there that people use to keep track of what they own, when the bought it and how much they have profited/lost from their stock purchases? I am dumb at excel. Maybe I am missing a feature of TDAmeritrade?
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Jul 18, 2012 17:39
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Even tradeking has a "tax center" that tracks all of that stuff; though I don't know TDAmeritrade, I would assume that you're overlooking some feature.
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Jul 18, 2012 18:06
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Jim Chanos came out as a short on HPQ and called it a value trap.
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Jul 18, 2012 18:17
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Mike_Hawk posted:How do you folks track your trades for taxes? I trade with TDAmeritrade. I love the trading platform but I have a hard time, especially with long stocks, figuring out purchase dates, shares bought, cost basis and total profit etc. Excel
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Jul 18, 2012 18:26
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evilwaldo posted:Jim Chanos came out as a short on HPQ and called it a value trap. Time to cover, now that the cat is out of the bag.
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Jul 18, 2012 18:35
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Mike_Hawk posted:How do you folks track your trades for taxes? I trade with TDAmeritrade. I love the trading platform but I have a hard time, especially with long stocks, figuring out purchase dates, shares bought, cost basis and total profit etc. eTrade has it built into their website, you can export an excel file with everything right there. When it comes time to do my taxes I use turbotax and it actually can pull everything and do it automatically once it has my login credentials.
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Jul 18, 2012 18:40
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Turkeybone posted:Time to cover, now that the cat is out of the bag. I am working on a bunch of shorts now. Love the downside better than the upside.
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Jul 18, 2012 18:42
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Zynga just seems like a lovely game company, and now that people are moving past the novelty of lovely games on a new platform, they are going to be hard pressed. Their whole focus is nowhere near developing new creative games, its "how can we get obsessive people with too much money to keep buying virtual crap a few bucks at a time". And recently they've just been ripping other people off wholesale. Doesn't seem to be a great business model. http://techcrunch.com/2012/01/24/tiny-tower-developers-call-out-zynga-for-their-look-alike-game/ Even if online gambling is legalized anytime soon (doesn't seem to be happening very quickly), I think they will still get ransacked by more experienced European casino companies. Checking in on other thread favorites in a race to the bottom.... http://www.google.com/finance?chdnp...NYSE:ALU&ntsp=0
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Jul 18, 2012 19:32
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Baddog posted:Zynga just seems like a lovely game company, and now that people are moving past the novelty of lovely games on a new platform, they are going to be hard pressed. Their whole focus is nowhere near developing new creative games, its "how can we get obsessive people with too much money to keep buying virtual crap a few bucks at a time". haha To be fair, I think I'm the only ALU fan in the thread and only speculatively. It has a great risk:reward ratio. Great speech from PTJ: http://bclund.com/2012/07/18/paul-tudor-jones-talks-about-the-f-word/
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Jul 18, 2012 19:46
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Mike_Hawk posted:How do you folks track your trades for taxes? I trade with TDAmeritrade. I love the trading platform but I have a hard time, especially with long stocks, figuring out purchase dates, shares bought, cost basis and total profit etc.
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Jul 18, 2012 21:29
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Ulf posted:I thought that starting this tax year the brokerages are required to supply your cost basis info. Already last year they were required to do this with stocks, this year it will include mutual funds and ETF's (and stocks aquired using a DRIP), and next year will include options trades.
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Jul 18, 2012 21:36
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Does anyone have the link to the performance report you would have gotten if you followed Jim Kramers advice exactly? Also, any information on the hedge fund run by literal monkeys?
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Jul 19, 2012 05:59
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Looks like another choppy day so far, but my good things are cancelling out my bad.
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Jul 19, 2012 15:41
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I wonder how much of eBay's 50% increase in payments revenue is from the Diablo 3 RMAH, and since the game sucks and a lot of people are quitting it could make Q3 look bad in comparison.
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Jul 19, 2012 17:09
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What's everyone's best performing stock in their portfolio? Mine's ATHN, up about 80%. Here's an earlier Chanos presentation on the value-trap that is HPQ: http://www.marketfolly.com/2012/06/jim-chanos-presentation-on-global-value.html Not sure I agree with him on the Shale Gas Explosion. Well, I agree with him at the moment but as we move forward in time, nat gas development will trace the trend of any other major energy development and prices will begin to rise with increased cooperation and coordination from nat gas firms. I'm hoping it will happen within the year but I don't expect prices to be in the doldrums forever... Two stocks that they pointed out from the Delivering Alpha conference that peaked my interests: MET & COF. Gonna look more into these firms, see what's what. COUNTIN THE BILLIES fucked around with this message at 19:13 on Jul 19, 2012 |
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Jul 19, 2012 18:47
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Why did everything financial take a nosedive after lunch today? There's nothing in any of their news feeds to give a hint.
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Jul 19, 2012 19:10
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BAC at 31% YTD
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Jul 19, 2012 20:59
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RAI +40.0% plus dividends
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Jul 19, 2012 21:02
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PRADA SLUT posted:BAC at 31% YTD
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Jul 19, 2012 21:03
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YTD is VFH @ 12.13% Overall return VPU @ 17.08 Value investor.
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Jul 19, 2012 21:24
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Z-Axis posted:I wonder how much of eBay's 50% increase in payments revenue is from the Diablo 3 RMAH, and since the game sucks and a lot of people are quitting it could make Q3 look bad in comparison. This is hilarious, surely you don't believe this.
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Jul 19, 2012 22:30
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I wish to understand options chains a little more. In particular, I am trying to understand a situation I saw across expiration dates for some options. A few months away, puts are getting more volume for a stock price that is higher than the highest volume calls over the same timespan. Then sometimes it is backwards. What would that mean?
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Jul 19, 2012 22:56
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| # ? Jun 7, 2024 16:38 |
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Is there an IRC channel you guys hang out in?
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Jul 19, 2012 23:26
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