Official Let's Make Some Money Off Stocks Thread...
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From: Land of the landeaus
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From: Toronto
Russ, I have no idea how you are assigning value to these stocks. As far as I can see, these will crash hard as soon as there's a pullback as there does not appear to be any tangible source of value. These look primarily like bets. Have you found any quality in the mess yet?
I hope I'm not coming across as challenging; I'm just genuinely curious.
I hope I'm not coming across as challenging; I'm just genuinely curious.
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From: Land of the landeaus
NANO stocks cannot all be lumped into one basket. You ask a good question which
is why I always encourage those to do as much DD as possible. Some of these stocks
are fantastic long term selections while others are purely swing trades.
I own several blue chips but aside from the occasional split and dividends, they haven't
made nearly the amount of money for me as the puds (as I call stocks under $5).
Many investors won't even LOOK at a stock if the company is in the red. Fair enough
and I can appreciate the comfort that comes from chasing dividends instead of dreams.
Not all the candy bars in the drug store taste good. The market isn't any different.
With the appropriate amount of research and plain ole' common sense, an investor
can play tech and bio stocks with a medium amount of aggression and do well but
diversification of one's portfolio must ALWAYS be the first priority.
Many friends disagree with me on some of my selections (such as F, I believe
Ford will be $20 before the end of the year) but I called OXGN in early April, ROCLF
when it was .38/share, LU months ago, SIRI, etc. At the expense of sounding
horribly pretencious, making money is the first priority. I am really not concerned
about the financials of a company if I feel that company is going to give me
a 150% return in five days.
I love NO stock but I love money. Value is a term which should guide
investors, not traders. Each stock I give is either a swing trade or mid to long term
play but it's up to the individual to decide which.
I stay away from BB's and pinks because I don't like the liquidity issues and
usually keep the AMEX stocks down to a minimum unless I really like 'em.
At least with the NASDAQ's, you can keep an eye on the specialists and
their shenanigans.
One thing to note. While I daytrade some stocks, I would call myself a swing
trader as an update for myself. I am a bit hesitant on the incredible surge the market
is taking right now and a correction is for certain. If you invest in stocks that are,
shall we say, retrace-proof, you can survive the inevitable backlash sure to come.
At some point, people are going to collectively start taking profits but for right
now, it's up, up and away and I encourage folks to buy on the rumor, sell on the news.
It certainly seems to be shaping up for that kind of trading year.
Welcome any opinions.
is why I always encourage those to do as much DD as possible. Some of these stocks
are fantastic long term selections while others are purely swing trades.
I own several blue chips but aside from the occasional split and dividends, they haven't
made nearly the amount of money for me as the puds (as I call stocks under $5).
Many investors won't even LOOK at a stock if the company is in the red. Fair enough
and I can appreciate the comfort that comes from chasing dividends instead of dreams.
Not all the candy bars in the drug store taste good. The market isn't any different.
With the appropriate amount of research and plain ole' common sense, an investor
can play tech and bio stocks with a medium amount of aggression and do well but
diversification of one's portfolio must ALWAYS be the first priority.
Many friends disagree with me on some of my selections (such as F, I believe
Ford will be $20 before the end of the year) but I called OXGN in early April, ROCLF
when it was .38/share, LU months ago, SIRI, etc. At the expense of sounding
horribly pretencious, making money is the first priority. I am really not concerned
about the financials of a company if I feel that company is going to give me
a 150% return in five days.
I love NO stock but I love money. Value is a term which should guide
investors, not traders. Each stock I give is either a swing trade or mid to long term
play but it's up to the individual to decide which.
I stay away from BB's and pinks because I don't like the liquidity issues and
usually keep the AMEX stocks down to a minimum unless I really like 'em.
At least with the NASDAQ's, you can keep an eye on the specialists and
their shenanigans.
One thing to note. While I daytrade some stocks, I would call myself a swing
trader as an update for myself. I am a bit hesitant on the incredible surge the market
is taking right now and a correction is for certain. If you invest in stocks that are,
shall we say, retrace-proof, you can survive the inevitable backlash sure to come.
At some point, people are going to collectively start taking profits but for right
now, it's up, up and away and I encourage folks to buy on the rumor, sell on the news.
It certainly seems to be shaping up for that kind of trading year.
Welcome any opinions.
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From: Toronto
My opinions are around:
When you made winner picks like LU, SIRI, ROCLF, OXGN etc.,
Did you make these calls based on technical analysis, industry trends, company guidance, or just hunches?
I'm guessing it's all of the above but would appreciate more clarity when you have time.
My personal track record for picking stocks based on my own creative judgement has not been good. I have learned to rely on valuation instead. Slower, but safer and more suited to work environment where I can't (at least I'm not supposed to be) watch the market all day long.
When you made winner picks like LU, SIRI, ROCLF, OXGN etc.,
Did you make these calls based on technical analysis, industry trends, company guidance, or just hunches?
I'm guessing it's all of the above but would appreciate more clarity when you have time.
My personal track record for picking stocks based on my own creative judgement has not been good. I have learned to rely on valuation instead. Slower, but safer and more suited to work environment where I can't (at least I'm not supposed to be) watch the market all day long.