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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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Oh Suncor, you temptuous bitch.
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Feb 25, 2010 16:37
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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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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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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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I WANT TO EAT BABBY posted:I dare you to read his Twitter feed and not walk outside and punch the first person you see. There's no denying he's a brilliant guy but yeah I see your point. I'd prefer to just look at him in the context of his business/scientific/literary work though.
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Mar 1, 2010 23:56
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So who's going all in on NBG with me?
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Jun 5, 2010 02:24
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DancingMachine posted:
If you're trying to get bargains as a result of the oil spill catastrophe I would take a look at RIG.
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Jun 5, 2010 12:56
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I think if you buy BP you're going to be sitting around twiddling your thumbs for a while at best, or just watching the stock drop while the details still come out at worst. It's pretty clear that the general public and media have decided that BP is the villain in this and it's not a secret there was negligence involved. If I was going to take a long position as a result of this I would pick up something tangentially related to the spill (RIG/HAL) or like Christo said and just buy stock in their competitors.
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Jun 5, 2010 21:34
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Corn posted:I have a hypothetical question for those of you in this thread who know what their doing, No. Let my friend Lehman explain... 
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Jun 6, 2010 00:51
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I think the support for RIG comes from the amount of business they have on the docket. Their future looks a little more certain than that of BP etc.
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Jun 6, 2010 16:01
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Janin posted:Just bought a bunch of RIG on the dip -- I don't understand why everybody's hating harder on them than on BP, but here's hoping they recover in a few years I did the same. I'm averaged in at around $48. To be honest I'm not sure I understand the Goldman downgrade of RIG. The way I understood it was that they believe the U.S. drilling moratorium will be extended from six months to twelve months. I'm not sure that's going to be the case. Even the six month moratorium is getting a lot of backlash from the gulf states seeing as it's a large part of their economy. And Obama knows that: WSJ posted:At a meeting at the New Orleans airport, Charlotte Randolph, president of Lafourche Parish, said she implored Mr. Obama for the second time in eight days to immediately lift the deepwater drilling moratorium. Billy Nungesser, president of Plaquemines Parish, suggested to the president he should deploy a federal official on every rig with the authority to shut it down at the first sign of trouble. Then he could lift the moratorium. I just don't see them extending a moratorium and creating more employment issues for an already bruised and battered part of the country. They've said they aren't going to lift the ban, but now I think we might be in a place where it's announced the ban will stay at 6 months and drilling stocks will rebound. But then again, I'm a novice and it's very possible Goldman knows something I do not.
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Jun 8, 2010 22:19
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I know that was a big part of it, I'm just trying to understand the situation the best I can. Speaking of which, if you're out of the loop on the details of the whole spill, this article does a pretty good job of outlining things: http://online.wsj.com/article/SB10001424052748704026204575266560930780190.html
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Jun 9, 2010 00:59
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My CNX pickup on Monday is paying off. Picked up some PSUN today too.
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Jun 11, 2010 01:26
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If you don't think BP was paying that money anyway you're being foolish. It's better for them that they get the "BP TO PUT 20 MIL IN ESCROW FOR GULF RELIEF" headlines now than some page 7 story in 2 years that says "today BP settled in court to pay $xx to such and such".
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Jun 17, 2010 03:11
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ChubbyEmoBabe posted:Ahhh ok. I was thinking maybe you were the guy with dads life savings to play with. To each his own anyway I guess. What happened to him? he was hilarious.
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Sep 2, 2010 00:31
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Soooo do we get above 1,130 this time?
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Sep 3, 2010 17:59
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Dr. Jackal posted:what could possibly make the market move up 3% on a Friday Oh I didn't mean today.
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Sep 3, 2010 18:11
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ToiletLaw posted:I pretty much just do SSO and SDS for the Roth since its a cash account and takes forever to settle. I'm not sure what you mean by this but you should only be using leveraged ETFs for intraday movements, not holding them.
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Sep 3, 2010 21:21
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Plastic Jesus, are there any resources you could recommend for someone trying to learn about options?
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Sep 7, 2010 16:12
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Well, I wanted to close my Adobe position today anyway. That was a nice little treat.
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Sep 9, 2010 15:09
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Can anyone recommend me some resources for reviewing news by sector? Like say I wanted to get a feed of news about companies in the services sector.
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Sep 16, 2010 00:37
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Good Fed Ex Earnings + Jobless claims unexpectedly down + Overseas purchase of U.S. assets up in July = ...futures down. e: misread the fed-ex numbers. Thoogsby fucked around with this message at 14:23 on Sep 16, 2010 |
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Sep 16, 2010 14:06
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S&P 500 @ 1,131. Man your battle stations.
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Sep 17, 2010 14:39
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Well, that depends who you believe.
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Sep 17, 2010 16:04
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I'm out of RIG today at 60ish. I still think it's got a lot of upside but I got in at $44 and I'm just going to take my ball and go home.
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Sep 20, 2010 16:17
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Thoogsby posted:Can anyone recommend me some resources for reviewing news by sector? Like say I wanted to get a feed of news about companies in the services sector. This probably got lost on the last page. Can anyone help a brother out?
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Sep 21, 2010 16:29
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..Nothing to see here, move along.
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Sep 27, 2010 18:47
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Even worse, NASDAQ is DKing all trades that took place more than 15% from the NBBO. There are going to be some very angry people somewhere.
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Sep 27, 2010 23:21
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The HFT trades get DK'd also. I'm more concerned with the fact that the SEC has no loving clue what the hell is going on. Their statement about the flash crash was hysterical.
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Sep 28, 2010 01:42
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We are confident that we have ideas, or that we will have some in the future. Where do they find these people?
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Sep 28, 2010 02:00
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Zeroheadge can be pretty outrageous at times, but referring to AMZN, AAPL, NFLX and BIDU as the four horsemen of the tech apocalypse is pretty great.
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Sep 28, 2010 18:00
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Could any of the bright minds in here give me an example of what a "income-producing equity interest" might be. Preferred Stock? I'm reading through the 8-K of a Private Equity firm and they have this security listed separately from equity.
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Sep 30, 2010 01:48
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Buy 1 share at 78 and sell it at 84. You just made $6.
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Sep 30, 2010 14:26
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Picking up some GMCR. gently caress an accounting error. Also, what the hell is going on with Whirlpool. You cut earnings due a pricing scheme and the stock doesn't bat an eye. gently caress this market. Thoogsby fucked around with this message at 20:02 on Sep 30, 2010 |
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Sep 30, 2010 19:28
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Plastic Jesus posted:Long SMOD ahead of earnings.  e:gently caress Thoogsby fucked around with this message at 00:59 on Oct 1, 2010 |
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Sep 30, 2010 21:05
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Bigass Moth posted:What in SMOD's earnings statement would have made the stock drop? They guided their earnings for Q1 lower by a few cents.
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Oct 1, 2010 14:28
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I wish the news/blogs section of Finviz would just screen out all the ridiculous Zerohedge articles. ZH is the financial Glenn Beck: http://www.zerohedge.com/article/ou...rops+to+zero%29
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Oct 6, 2010 14:24
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Could EQIX be a decent value play now that its had its head chopped off? A 30% drop seems excessive for guiding their Q3 earnings lower by 2% and their full year revenue by .01 billion. Especially when they're reporting that their margins are improving.
Thoogsby fucked around with this message at 15:25 on Oct 6, 2010 |
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Oct 6, 2010 15:23
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IratelyBlank posted:I want to make sure I understand something. Lets say you have $20,000 to play with. If a certain share is valued at $4, you can buy 5000 shares. If the share's value goes up by just $.03, that is a $150.00 gain. Not including broker fees which would be less than $10 total for both transactions. This isn't a hard and fast rule, but from what I've seen pretty much everything fluctuates by $.03/day. What is to stop someone from doing this every day and just living off of these minor winnings? Is there a limit to the number of trades per month you can do or something? I realize there is also potential here to lose big so you would want to set a lower threshold as well as an upper threshold to sell, right? Is there anything I am missing? You're a retail investor. Thus when you buy, you'll be paying the ask price. When you sell, you'll sell for the bid price (which is always lower than the ask). Therefore you're at a loss the second you buy the stock by a small amount depending on how much the stock is traded. Let's say right now you bought MSFT. The ask right now is 24.49. So for $20,000 you could get 816 shares. If you were to sell them back immediately you would only receive $19,951.20 because the bid price is 24.45.
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Oct 7, 2010 13:43
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