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Anyone here use a service like a1stockpicks.com? Are they legit in delivering what they claim? I know it comes out to 240 a year so going in with 5k would be a bit stupid but if you have over 15k I don't see why not compared to mutual fund costs. Atleast this way you can use margin as well. Edit: If they don't have a lovely reputation anyoen want to go half on this with me to reduce effect on ROI?
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Feb 23, 2010 00:48
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I don't know about them specifically but the "history" area is kind of funny. They basically just take whatever price/time they made their buy guess or whatever and then just pick a time beyond that where they were in the green and wrote that as history of success. So if that stock went -25% then rebounded to +2% they mark it as a success. Long story short, there's probably a lot better and free information out there for a long/mid term investor. E: You could just buy the whole site and have exclusive picks for just yourself!  http://www.websiteoutlook.com/www.a1stockpicks.com I have a question about SIRI, not about the company or speculation on where the price may go but I noticed that once it moved >=1$, well mostly today, there were these massive (5-10 million) bid/ask blocks sticking between 1.12 and 1.13 all. Is this just the clearing out of the sub-penny bid/ask orders? Someone selling out of a massive position? I've honestly not seen something like that or been in the sub-penny/penny transition before and want to know if I should be concerned.
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Feb 23, 2010 01:12
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Just lettin' you dudes know there's been a swing in the way stem cells can be used now, opening up some new opportunities. Related link: http://www.reuters.com/article/idCNN1919518220100219?rpc=44
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Feb 23, 2010 03:56
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Going to throw out a book recommendation that isn't in the OP. I've really been liking Confessions Of A Wall Street Analyst by Dan Reingold. Reingold is a retired telecommunications analyst that was ranked #1 by I.I. for a chunk of the 90s. He does a great job in the book of describing the relationship analysts have with the companies they research and the bankers at their firms. It gives you a pretty good glimpse into how Investment Banks work. It also lays out how uneven the playing field is in for individual investors. Also, I'm interning at a Mutual Fund services company in Boston right now and I got to talk to one of the traders last week who has really been around the block and he strongly recommended anyone interested in investments check out Liar's Poker: Rising Through The Wreckage on Wall Street by Michael Lewis. I grabbed it on Amazon for $10 and look forward to reading it this weekend. He also recommended Reminiscences of a Stock Operator saying that even though the material is from 70 years ago he still uses the lessons he learned from it everyday at work. It looks like a tough read but would probably be worth the time of someone trying to further their investment knowledge.
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Feb 24, 2010 03:15
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Thoogsby posted:He also recommended Reminiscences of a Stock Operator saying that even though the material is from 70 years ago he still uses the lessons he learned from it everyday at work. It looks like a tough read but would probably be worth the time of someone trying to further their investment knowledge. On the contrary, it's one of the most enjoyable reads you'll find. It's not investment advice at all, and Larry Livingston/Edwin Lefèvre/Jesse Livermore makes that clear throughout. There's an annotated version with an introduction from Paul Tudor Jones that's supposedly great.
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Feb 24, 2010 04:41
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destructo posted:Just lettin' you dudes know there's been a swing in the way stem cells can be used now, opening up some new opportunities. Great to hear. Thanks for the heads up  . Always good to know where the money's moving to.Did some rough cycle work on regional banks last night. Some are moving into a bearish 3 month window here. Typically very bearish. Sell the tops and then it tanks the last month (maybe two) of the cycle. It coincides with the bump in the discount window so there's a catalyst too. Limit Up fucked around with this message at 07:22 on Feb 25, 2010 |
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Feb 25, 2010 07:19
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drat you Palm. My 9.0P options ended worthless last friday, tuesday you go down ~8% because of a downgrade and now you slash your guidance? gently caress.
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Feb 25, 2010 14:49
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Oh Suncor, you temptuous bitch.
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Feb 25, 2010 16:37
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Limit Up posted:Great to hear. Thanks for the heads up
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Feb 25, 2010 19:37
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I'm searching for a good stable large-cap dividend stock to invest in for the long-term, any suggestions? The ones I'm kinda leaning towards at this point are PM, MMM, and PG.
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Feb 25, 2010 21:55
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Free Gucci Mane posted:I'm searching for a good stable large-cap dividend stock to invest in for the long-term, any suggestions? The ones I'm kinda leaning towards at this point are PM, MMM, and PG.
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Feb 25, 2010 23:28
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...and, thank you KO. I needed that $2 hit. Oddly enough though, I'm actually thinking about using this as a chance to re-up as this is one of my stocks I plan on keeping for the long haul.
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Feb 25, 2010 23:56
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Free Gucci Mane posted:I'm searching for a good stable large-cap dividend stock to invest in for the long-term, any suggestions? The ones I'm kinda leaning towards at this point are PM, MMM, and PG. If you wanted something cheaper you could consider DUK (closed at $16.38, $21B market cap, 5.86% dividend yield, 0.41 beta, 30-day HV of ~14.5) and VZ(closed at $28.88, $82B market cap, 6.5% dividend yield, 0.62 beta, 30 day HV of ~17).
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Feb 26, 2010 02:50
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The gently caress? SIRI posts their first profit since the merger, beating analysts estimates (they expected a loss) and the stock is down 7%?
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Feb 26, 2010 19:06
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MrBigglesworth posted:The gently caress? SIRI posts their first profit since the merger, beating analysts estimates (they expected a loss) and the stock is down 7%? Something about Liberty Media converting their preferred stocks? Looks like people are scared that dumping will drop the price to.. a quarter per share.
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Feb 26, 2010 20:15
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MrBigglesworth posted:The gently caress? SIRI posts their first profit since the merger, beating analysts estimates (they expected a loss) and the stock is down 7%? I think it was (over)priced in. Pre-earnings pump and post earnings dump, no matter what the numbers are, is the new fad. Especially when it's a stock that's one of the "hey, I have that product" types. E: (yes I know buy on the rumor sell on the news is not a new fad...it just has hit my anecdotal evidence button a few times in the last couple months)
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Feb 26, 2010 20:26
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Dr. Jackal posted:Something about Liberty Media converting their preferred stocks? Misread a few articles. All that was done was evaluations of the stock done included the Liberty Media preferred Shares and the conclusion was that the stock was overvalued. I'll have to see what the stock does next week to decide what to do. VVVVVVVV Before this there was quite a bit of good news for Sirius. They had positive earnings, they were adding subscribers, they were on track to be back in compliance on the NASDAQ, and Ford was doing well which adds to their subscribers. If they economic recovery was/is coming, they were in a decent position to profit from it. The biggest worry was their debt, but if they were adding subscribers and making money, the debt became less of an issue. Duey fucked around with this message at 00:16 on Feb 27, 2010 |
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Feb 26, 2010 22:16
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What on earth could anyone see in SIRI? Is it just that it's $1 per share?
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Feb 26, 2010 22:19
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Jack posted:What on earth could anyone see in SIRI? Is it just that it's $1 per share? Who looks at the PPS as any sort of gauge? It's up ~50% in the last 30-45 days and ~900% in the last year.
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Feb 26, 2010 22:47
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Yeppers. Gotta look at percentages instead of $$$ signs all the time every once in a while.
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Feb 26, 2010 23:18
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Christ, 3.86 billion shares? Dilution anyone?
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Feb 27, 2010 01:45
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destructo posted:Christ, 3.86 billion shares? Dilution anyone? That number is actually in the 6.4 billion range. What does the amount of shares without any other data show? It's that same thing as saying "1$? Phhht". MSFT has 8 billion shares, does that mean it's diluted? I'm not comparing the two but there's a lot better things to criticize about SIRI. I'm not saying SIRI is a buy or even a hold at this point, actually I think 1+ is in the sell range, but someone who bought and held SIRI in the last year made some stellar returns. If you bought AAPL in the same time frame you would be out ~6%.
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Feb 27, 2010 02:36
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destructo posted:I know we're not supposed to talk super pennies, but if you're interested in this sort of thing ACTC and VRAL might see some moves later in the year. Too risky for my blood though. ACTC decent move today. Looks good. Easy ways to eliminate risk. I've traded pennies for a long time as well. Cycles are much quicker. However, they trend very well. It's been documented pennies are one of the few things out there that have tradeable (I believe that's what it stated) trends.
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Feb 27, 2010 07:15
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ChubbyEmoBabe posted:Who looks at the PPS as any sort of gauge? It's up ~50% in the last 30-45 days and ~900% in the last year. My question was what the hell anyone saw in SIRI. The only answer I could come up with was probably the same reason people liked ETFC, it traded under $10. Unless some people think that SIRI can somehow double and add 4 billion in market cap earning less than a penny a quarter. In which case good luck.
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Feb 27, 2010 16:35
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What do people think of PSUN as a possible buyout candidate? Or even making a turn around on their own. They have virtually no debt and some new management. Their merchandising strategy has always allowed them the freedom to cater to changing tastes but I'm just not sure if people are buying clothes like they used to again.
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Feb 28, 2010 19:57
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Thoogsby posted:What do people think of PSUN as a possible buyout candidate? Or even making a turn around on their own. They have virtually no debt and some new management. Their merchandising strategy has always allowed them the freedom to cater to changing tastes but I'm just not sure if people are buying clothes like they used to again.
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Feb 28, 2010 22:31
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Josh Lyman posted:I was under the impression that the whole Pac Sun/Hot Topic/Aeropostale fad had passed. That's my point though is that PacSun operates differently than Aeropostale (not sure about Hot Topic) and similar stores. They don't design or make their own clothes they just carry whatever brands are popular that fit in with their style (California lifestyle streetwear or something like that). If you go into an Aeropostale and buy a shirt it's going to say Aeropostale on the tag whereas PacSun has the freedom to pickup brands that are selling well and drop ones that aren't which gives them a little bit of a hedge when it comes to ever-changing tastes in the marketplace.
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Mar 1, 2010 01:30
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Bought some COST and RIG this morning. I'll be back in a week or so to claim victory/defeat.
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Mar 1, 2010 18:00
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With a 52 week high for F today, I wanted to stop by the second coming of the thread that I got pennystock FAQ'd out of a year and change ago and mocked endlessly for investing in the company I worked for, and knew would grow from the dollar and change it was selling at then. Just wanted to thank TraderStav for screaming how terrible an investment it was. Especially calling F a pennystock. http://forums.somethingawful.com/showthread.php?threadid=2641737&userid=0&perpage=40&pagenumber=208#post353539828 Thanks again!
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Mar 1, 2010 19:37
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Oh and just incase you were worried I was just some one off idiot, my current holdings aren't exactly doing awful. My first purchase was F about 16 months ago.
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Mar 1, 2010 19:38
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UnmaskedGremlin posted:With a 52 week high for F today, I wanted to stop by the second coming of the thread that I got pennystock FAQ'd out of a year and change ago and mocked endlessly for investing in the company I worked for, and knew would grow from the dollar and change it was selling at then. Just wanted to thank TraderStav for screaming how terrible an investment it was. Especially calling F a pennystock. I think you are still missing the point of what he was probably saying... What you are doing now is coming out of a casino after winning big and telling off all those people who said gambling is a waste of money.
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Mar 1, 2010 19:40
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UnmaskedGremlin posted:With a 52 week high for F today, I wanted to stop by the second coming of the thread that I got pennystock FAQ'd out of a year and change ago and mocked endlessly for investing in the company I worked for, and knew would grow from the dollar and change it was selling at then. Just wanted to thank TraderStav for screaming how terrible an investment it was. Especially calling F a pennystock. You were not mocked endlessly. You got like two comments based on your post back then. No one said it was a terrible investment. Ford was a pennystock at the time. You yourself even said there is a chance it could go to 0. It would be really different if you were in there explaining why you thought Ford was going to go up 600%. You simply said "it is down. I work for them. I am buying it." But you are right, your portfolio is smokin! You should be working on Wall Street instead of Ford.
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Mar 1, 2010 20:18
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That pennystock thing should be based on market cap and volume, not share price, but then 90% of the people in here couldn't figure out when it applies or not.
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Mar 1, 2010 20:31
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Rentech (RTK) has a market cap of 220 million and has an average volume of 2.6 million shares a day. But it's still a penny stock by price and by the nature of the company itself.
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Mar 1, 2010 21:02
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Hobologist posted:Rentech (RTK) has a market cap of 220 million and has an average volume of 2.6 million shares a day. But it's still a penny stock by price and by the nature of the company itself. 220 mill is a pretty drat small company. I think 300-400 mill is about low end of the range for "small cap". And volume when you are trying to figure out if you are going to get raped on spreads getting in and out (or if a post on something awful is going to manipulate the stock) is usually figured on dollar volume, not just share volume. I believe Ford, even at its low of a buck and change, still had a market cap of several billions, and traded several hundred million dollars of shares a day. RTK trades 3 million dollars worth of shares on a good day.
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Mar 1, 2010 21:22
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This thread: *posts statistically insignificant evidence of performance in order to justify what may or may not have been a good decision* edit: basically I think Fooled by Randomness should be mandatory reading for this forum, and all traders for that matter.
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Mar 1, 2010 21:35
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f2a posted:edit: basically I think Fooled by Randomness should be mandatory reading for this forum, and all traders for that matter. It's a shame that NNT is an insufferable oval office because, when not repeating himself and grandstanding, he has interesting things to say. "Flaw of Averages" is also a good book, and the author is not nearly as obnoxious.
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Mar 1, 2010 22:15
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f2a posted:This thread: This isn't even fooled by randomness. It's fooled by small sample sizes and a big fat rally. Fooled by randomness would be more like Victor Niederhoffer's claim that "I have traded about 2 million contracts in my life thus far, with an average profit of $70 per contract....This average profit is approximately 700 standard deviations from randomness, a departure that would occur by chance alone about as frequently as the spare parts in an automotive salvage lot might spontaneously assemble themselves into a McDOnald's restaurant." Didn't stop him from blowing up two hedge funds, though.
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Mar 1, 2010 22:18
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f2a posted:This thread: Ordered this off amazon this morning. NNT seems like a real interesting guy, although apparently he rubs some people the wrong way. It'll be the first book of his I've read but I'll probably pick up Black Swan too at some point.
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Mar 1, 2010 23:15
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Thoogsby posted:NNT seems like a real interesting guy, although apparently he rubs some people the wrong way. I dare you to read his Twitter feed and not walk outside and punch the first person you see.
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Mar 1, 2010 23:19
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