The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

[Almington]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

I think the secret with tech, especially Apple, is not only product excitement, but the ability to earn a regular following. I suppose this is one of the advantages to being in the 18-29 demographic. I should have seen the writing on the wall when I saw many of my "friends" talking about their iPods and other Apple products to know this was ready to take off. Obviously I can't go back and put the investment in, but I do know in the future, when it comes to tech, to pay close attention to that 18-29 demographic and their small talk, as it will give me a hint as to what the next best thing will be. Obviously in a couple years this will be awkward, and obviously I wouldn't be able to (nor would I want to) stalk my niece's news feed to figure out what's the hottest product, but it's something to keep in mind. They may tell you if you ask, but not always. Listen for those words that float around, window shop in malls to see what teenagers want (obviously don't be creepy about it), you might just find out the next big tech play.

The problem is that the 18-29 crowd can be a fickle bunch. What's made Apple a success isn't just that the 18-29 crowd is using a produce, but the parents of the 18-29 crowd are using the products. The day my 60 year old father got an iPod was the day to buy Apple, but even that couldn't have predicted the future successes of the iPhone and iPad.

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Personally, since neither have made any headway into making mobile chips, I'm not sure that I'd buy either of them given the limited growth in the PC market going forward. That said, Intel is a much better current buy unless you're betting big on an AMD turnaround.

Bingo. Who does the mobile chips, anyway?

 

[LynahFan]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Bingo. Who does the mobile chips, anyway?

My brother. (No, seriously - he's a designer at NVIDIA, and he has chips in lots of Samsung mobile devices).

 

[Almington]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Bingo. Who does the mobile chips, anyway?

Apple keeps everything in house for the iPhone and iPad. NVIDIA (used in the Google Nexus Tablets) and TI (Used in the Kindle Fire and B&N Nook Tablets) are fighting over the growing tablet space. Qualcomm, Samsung, MediaTek, Broadcom and Texas Instruments are the 5 largest mobile chip makers with MediaTek and Broadcom are used in the mid and low end Android smartphones and Qualcomm being in the more high end phones because of their advantage in LTE technology.

TI has announced that they are not going to be focused as much on the mobile market going forward, particularly since they are the major chip producers for Nokia and RIM and are going to shift focus from consumer electronics to other markets (basically anything that has a build-in computer). nVIDIA is in a very good position to grow its share of the the non-iPad tablet space going forward.

 

[dxmnkd316]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

I know, but I'm not sure I'm allowed to say anything.

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

A circuit breaker tripped for Google. The company mistakenly reported its earnings early (i.e. before the end of the day), the stock dropped 9% (about $68/share), and NASDAQ halted trading on the company. Darn, would have been a good impulse buy.

EDIT: It was not breakered; Google requested trading be stopped for about two hours. Once it reopened, the stock went up. Anyone set limit orders during that time? I did not.

 

[DrDemento]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Not a good day to be anywhere near Wall Street. Earnings really creating a rather bleak friday. I am just watching so far and may do a little buying very late today.

 

[DrDemento]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Well it could have been a lot worse. 25 years ago today on a Monday I lost my shirt (and at least a few pairs of shoes). Worst day in my investing life by far and probably was for almost everyone. My only consolation that day was that I was still working full speed-and knew I had time to recoup. At my age now a day like that would be much harder to take.

 

[kevinrock]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Well according to me mostly I use one website that is "Sirfpaisa.com" for any share market news. It's India's top stock market site which is share all information related to stock market like commodity Tips, MCX Tips as well as financial information also. The site provides valuable news and analysis to the users. We provide MCX, NCDEX, Nifty, Sensex, Commodity Tips, Stock Share Market, Live Rates, Stock Market Today, Share Market News,etc. That’s helps to improve your businesses.

 

[DrDemento]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Well according to me mostly I use one website that is "Sirfpaisa.com" for any share market news. It's India's top stock market site which is share all information related to stock market like commodity Tips, MCX Tips as well as financial information also. The site provides valuable news and analysis to the users. We provide MCX, NCDEX, Nifty, Sensex, Commodity Tips, Stock Share Market, Live Rates, Stock Market Today, Share Market News,etc. That’s helps to improve your businesses.

Now does this sound like our typical college hockey fan? Moderator? Anyone?

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

This week, we're going to see some more earnings reporting come out. This is my week of reckoning for SCCO; it's done me well, but I need a good yield in order to hold on. MKSI is also reporting. This I have planned to hold until the new year, but it will give me a good idea as to what to expect.

Anyone here like to play earnings bounces in the very short term?

 

[DrDemento]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

This week, we're going to see some more earnings reporting come out. This is my week of reckoning for SCCO; it's done me well, but I need a good yield in order to hold on. MKSI is also reporting. This I have planned to hold until the new year, but it will give me a good idea as to what to expect.

Anyone here like to play earnings bounces in the very short term?

FDude-I have tried to make some decisions based on earnings-but over the years find that to usually be too late. The old adage of buy on the rumor and sell on the news has held truer for me. Besides, the best advice i may have gotten is invest more in what you know about. As a physician I have some understanding of the drug companies, the biologic companies, the medical device companies, the REITs involving medical offices, etc. I am not much of an expert on any other things at all and certainly not a techy. I spend a lot of time researching-I try to make Wall Street less of an exercise in gambling. We have a home 45 minutes of Atlantic City so if we really want to take a chance-we have it almost around the corner.

 

[St. Clown]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FDude-I have tried to make some decisions based on earnings-but over the years find that to usually be too late. The old adage of buy on the rumor and sell on the news has held truer for me. Besides, the best advice i may have gotten is invest more in what you know about. As a physician I have some understanding of the drug companies, the biologic companies, the medical device companies, the REITs involving medical offices, etc. I am not much of an expert on any other things at all and certainly not a techy. I spend a lot of time researching-I try to make Wall Street less of an exercise in gambling. We have a home 45 minutes of Atlantic City so if we really want to take a chance-we have it almost around the corner.

That's along the line of one of Buffet's old adages. He would make his biggest investments in companies where he knew the products, liked what they did and saw upside. It's one of the reasons he bought controlling interests in Dairy Queen and Orange Julius. A lot of people thought they were odd buys, but he's done reasonably well with them, even combining the two chains into single storefronts.

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FDude-I have tried to make some decisions based on earnings-but over the years find that to usually be too late. The old adage of buy on the rumor and sell on the news has held truer for me. Besides, the best advice i may have gotten is invest more in what you know about. As a physician I have some understanding of the drug companies, the biologic companies, the medical device companies, the REITs involving medical offices, etc. I am not much of an expert on any other things at all and certainly not a techy. I spend a lot of time researching-I try to make Wall Street less of an exercise in gambling. We have a home 45 minutes of Atlantic City so if we really want to take a chance-we have it almost around the corner.

I know how you feel; it's about the same for me to Turning Stone, maybe a little less. Not to mention, the commission on the bet can be rough.

My personal philosophy is to invest in companies where I personally hate them and would NEVER buy their products, but see that the company does fairly well. Morningstar calls it, "Profitable but unloved." So if you were wondering why Verizon and Microsoft is/have been in my portfolio, now you know.

 

[DrDemento]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

That's along the line of one of Buffet's old adages. He would make his biggest investments in companies where he knew the products, liked what they did and saw upside. It's one of the reasons he bought controlling interests in Dairy Queen and Orange Julius. A lot of people thought they were odd buys, but he's done reasonably well with them, even combining the two chains into single storefronts.

Did not know that about Buffet. There was a time I really thought of him as a savvy investor. But as he has gotten more TV exposure and more publicity, I have my reservations about some things he says-as to his underlying agenda or motives. Over the years I had worked hard and earned a decent living. I have never looked at the market as a lottery or a panacea. It was never my primary source of income. Gradually though as I slowed the practice and semi retired-I began to look to investments more as a source of income. Besides, with banks offerring close to zero on insured investments, you are forced to look elsewhere. Plus I now had oodles more time to devote to doing the research I felt was necessary. I am very conservative and certainly try not to lose what we worked so long and hard to accumulate. But I do carve out a portionh for taking chances and some risk taking.

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Typical October slump. This isn't the second big one yet. It's a good time to buy.

 

[DrDemento]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Typical October slump. This isn't the second big one yet. It's a good time to buy.

I am watching some things today. I doubt seriously i will put anything into the market today and will wait this drop out a bit. It may continue for a bit. I have accumulated a little cash though and will pull the trigger if something seems right at the moment. Historically for me October has been ahorrible month but November has been better and December one of my best. Tax planning also a factor and I start to consider that once Thanksgiving arrives.

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

I am watching some things today. I doubt seriously i will put anything into the market today and will wait this drop out a bit. It may continue for a bit. I have accumulated a little cash though and will pull the trigger if something seems right at the moment. Historically for me October has been ahorrible month but November has been better and December one of my best. Tax planning also a factor and I start to consider that once Thanksgiving arrives.

I hope you mean tax planning for 2013, as in how much you will end up paying in April of 2014. I know I wiped out my losses and may even have to pay a penalty, but I do have one estimated tax payment date left in order to avoid the penalty, that being around January 15th or so. Worse comes to worst, I can always bank anything extra for next year, although I typically don't like giving 0 percent interest loans, especially if those people aren't exactly friends. It does give me a good idea, though, on how the government can make money through short term tax policy. I'm sure once we get closer to the end of the year, I'll start another tax thread.

As for the actual market itself, this is why I set up ladders. In some cases (MKSI, VZ), I'll hit rungs and purchase. In some cases (HRB), I'll set my negative expectations too low and will miss. However I'm not doing such an aggressive pyramid now that I have capital (10-15-25-50), and doing more of a staircase (10-15-20-25-30 for a first time buy, 10-20-30-40 for trying to catch something on sale). Either way, set up limit orders on a ladder. Study the chart and try to predict the bottom, but buy down to it to hedge your bet. Always use limit orders because the computer is willing to watch the paint dry and opportunities may only last a few seconds (think the Flash Crash of 2010).

 

[dxmnkd316]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Took it on the chin today but I'm not terribly concerned about 3M even after today's report. I think it's an overreaction by the market. Stock dipped into oversold territory today brushing 30 on the RSI. (Even though I don't believe in technicals as the only reason to buy or sell.) I think the fundamentals are still good and I like them in the long term. Nearly all of the divisions did well just not nearly as well as the predicted estimates.

What I didn't like is the general tone it sets for the economy (both domestic and international).

 

[DrDemento]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Took it on the chin today but I'm not terribly concerned about 3M even after today's report. I think it's an overreaction by the market. Stock dipped into oversold territory today brushing 30 on the RSI. (Even though I don't believe in technicals as the only reason to buy or sell.) I think the fundamentals are still good and I like them in the long term. Nearly all of the divisions did well just not nearly as well as the predicted estimates.

What I didn't like is the general tone it sets for the economy (both domestic and international).

I too had a tough day. But i have had lots of them before and many far worse than this. I have always hated October in the market for lots of reasons and earnings is part of it. I look forward to some sort of rally of relief regardless of the election results and I always look forward to December and january when a large percentage of pension money gets deployed. But it is exactly a day like this that makes having dividend yielding stocks in your portfolio a nice hedge for someone in my age group. Knowing that in spite of the losses of the day I am still getting about 7% in yield can take the edge off (along with a stiff belt of Van Gogh Dutch Caramel Vodka). Good luck.