| Author | Message | ||
| BretM (Bretm)
|
What's the best online trading company? | ||
| Rob Lay (Rob328gts)
|
I have about 50% short positions right now, usually none. | ||
| C. Smith (Italianauto)
|
The market reacted exactly as it should have recently....The run up off the September lows was unwarranted and created an overbought condition. Did anyone else here take advantage of this? When you play the market on a regular basis you must play both the up and down moves to really profit. | ||
| C. Smith (Italianauto)
|
AOL....if it doesn't bounce at this level it may be time to short. | ||
| Richelson (Richelson)
|
Is now a good time to buy into the market? I have heard that since Sept. everything has gone down and it won't be the same for a long time. Would it be a good time to buy some stock? | ||
| C. Smith (Italianauto)
|
We are coming up on earnings season and after the recent run up (since the September bottom) it seems like many stocks are now priced for perfection....anything that does not show a decent earnings report might get hammered. Anyone have any "short" picks? | ||
| Nika (Racernika)
|
I hear you - I have some stock in North American Palladium. But with fuel cell technology still in an early stage - the need for catalytic convertors is still there - I'm not getting rid of all my holdings | ||
| TomD (Tifosi)
|
nika what about ford's move with palladium. nothing like stockpiling precious metals and then developing a method to reduce the need for said metal - resultings in a huge writeoff for loss in value of your stockpile. Great move. | ||
| Nika (Racernika)
|
My Ferrari is courtesy of a fuel cell stock  But I ask - where do precious metals fit in? I mean you can't print more gold$$$$. It may help me in MY job to understand why you would/would not invest in a gold stock right now........and if you do/did - would it be as a hedge against inflation Nika IR Manager for a public mining company......I guess you can really call me a "Gold-digger" just not in the "tarty" sense. LOL | ||
| Michael (Mtabije)
|
OTC bulliten, you can get email updates | ||
| C. Smith (Italianauto)
|
Some great links for those of you who research stocks: Mega Link Page: http://www.wallpost.com/select.....select.asp magician - get the newsletter! http://www.buysellshort.com/ Daily Price History: http://chart.yahoo.com/t?a=02&.....y=0&z=atcm Detailed Stock Info: http://clearstation.etrade.com.....num?Symbol= Stock Screens: http://www.siliconinvestor.com.....screen.gsp http://cbs.marketwatch.com/tools/mark.....up=Look+Up Barchart links: basic java chart: http://charts3.barchart.com/ch.....rg=stk&fix= snapshot: http://quotes.barchart.com/tex.....&code=BSTK opinion: http://quotes.barchart.com/tex.....p?sym=TRPH intraaday trades: http://host.wallstreetcity.com.....rpsnap.htm extended hours: http://quotes.nasdaq.com/quote.....&x=11&y=13 auto refresh domestic & foreign market tic: http://www.astrikos.com/public.....qtick.html seeing a stocks short position: http://www.dimgroup.com/cgi-bi......pl?ticker= articles on a particular stock: http://netcog.com/articlelists.....category=7 up-to-the-minute corporate and financial news in text and audio form: http://www.thefirstnews.com/in.....index.html max-pain calculator: http://www.iqauto.com/cgi-bin/.....in/pain.pl Raging Bull articles & boards: http://ragingbull.lycos.com/cg.....=community | ||
| Martin (Miami348ts)
|
) LOL | ||
| Tyler (Bahiaau)
|
LOL Bob...that's a great one! | ||
| J. Grande (Jay)
|
Bobd LOL! You almost got me! It's like the cure for AIDS...Trynoassatol | ||
| BobD (Bobd)
|
New Hot Stock Tip!!!! Pfizer Corp. (NYSE PFE) is making the announcement today that VIAGRA (mykoxaphalen) will soon be available in liquid form under the generic name of Mydixaflop. Mydixaflop will be marketed by Pepsi Cola (Pepsi Bottling Group NYSE PBG) as a power beverage suitable for use as-is, or as a mixer, under the name Mount And Do. Pepsi's proposed ad campaign suggests: "It will now be possible for a man to literally pour himself a stiff one." | ||
| William H (Countachxx)
|
New Argentine President has announced a 60 default on ots $132B foreign debt. Banks all over the world r going to b feeling this 1 | ||
| Michael (Mtabije)
|
Any news on Verizon Wireless and their IPO? I've read that it will be Q1 of 2002 | ||
| Grady C. Smith (Italianauto)
|
Two cheapie picks for the January effect: PVII (nice news out today with ML Soccer) LARS....a consistent January effect popper....average gain in January over the last 3 years is 76% | ||
| dave fogel (Netviper)
|
These are all great tips. Anyone have any tips for the new year? | ||
| Howie F. (Brokerofexotics)
|
Gene, Two Suggestions: If the market allows you to and you wish to take profit, try to offset your trade after Jan.1 to avoid paying capital gains tax this year. ===================2================ If you don't mind paying taxes this year (yeah, right) and are happy with the stock's move, take half the trade off the table, and let the other half run with a trailing stop. | ||
| David Albright (Dalbright)
|
Rob, you need to make your way over to Houston to pickup some real Ferrari bargains from Enron executives. Can probably get some real interesting stuff for real cheap!! | ||
| Rob Lay (Rob328gts)
|
Gene, I really don't know, I'm sticking with it a little bit longer. The short-term potential is only 12-15, so you might want to take the profit and run if that's your mind-set. Long-term they look really good, but you'll have to be patient, because you'll probably see it at 6-8 again. The big unknown is how the law suits come out. They could be settleted any day now and the stock may hit 50+ or they may loose it and it will drop under 5. Personally, it's on a good run now and I'm going to ride it until it flats. I'll then sell off two-thirds and hope the law suit goes our way with the one-third. Even without the lawsuits, the company has a bunch of cash and a good growth plan. So worst case is long-term consistent growth and best case is $100 a share next year. My grandfather has owned this company for 5+ years. He's seen it go from a few dollars to $80 and back to $5 without ever selling. | ||
| Grady C. Smith (Italianauto)
|
CELL....wireless play that could make a nice run.....I made a first entry in this one today at 3.22. I am up 60% this year on my trading....almost all short term. | ||
| Paul Cox (Pcox)
|
If any of you are interested, I am having a seminar/happy hour in Dallas on Jan 31, 2002 at Nick and Sam's downtown. It is for some of my clients and friends to have a good start to the new year after a crappy year in the mkt. It is invite only, but I am happy to send invites to any chat member that wants to go. BTW, I am paying for the drinks. Email me if your interested. [email protected] | ||
| Frank Parker (Parkerfe)
|
Harley Davidson is one of the best long term investments out there. Just look at it's last 15 year history. | ||
| Gene B. Radcliffe - 308 GTS (Brcbank)
|
Rob, I took your advice and bought IDCC at $8 a couple months ago. Its now at $11. Should I take the profit at $12 or is there long term value? | ||
| Adam Goldman '86 TR (Icnsltmfg)
|
For long term investment you still cannot beat IBM and Bud. | ||
| Rob Lay (Rob328gts)
|
Glad I got out of GSTRF, last close was at 65 cents, but after they announced restructuring (bankruptcy), after market trading was down to 35 cents. Not a single share has traded since. | ||
| Grady C. Smith (Italianauto)
|
Here's one to check out: EFCX....just announced a new zinc-air micro fuel cell that will power a notebook computer for over 16 hours!....Battery will also be in other applications such as power tools. | ||
| Grady C. Smith (Italianauto)
|
Another one for tomorrow: PIXR.......Monsters, Inc was a huge box office smash this weekend. $63.5 million on it's debut....remember, if it runs up on the open, wait for an entry point. Also, earnings will be released after market close this Wednesday....very short term play IMO. 3 month bar chart looks like a cup and handle. | ||
| Grady C. Smith (Italianauto)
|
A couple of cheapie stocks trading below cash per share: AVCI Closed at 2.46 on Friday (246!!!!cool...maybe an omen) All time high is $174...52H is 53.50. Cash value per share is $2.95....last quarter cash per share was $3.20....they are not burning up their cash very fast at all. Some would call the 3 month bar chart a cup and handle. COSN Closed Friday at 93 cents. A buck ninety eight in cash vs. $2.18 last quarter. MIGHT be very nice risk/reward ratio on both of these stocks....As always everyone should do their own DD on any stock tip and be aware of what they are getting into. Also, if one of thes stocks is running up on market open DON'T just jump in!....wait for the market makers to move it back down a bit (many times they must drop the stock to cover short positions....market open is usually a horrible time to buy a stock). | ||
| William H (Countachxx)
|
I've found that when your stock is on the cover of a magazine saying its time to buy, Its really time to sell  I sold my northrup & Lockeed the week after Sept 11. NOC had doubled & LOC had tripled. A week later I heard about what a great time it would b to buy those stocks Bozos | ||
| Grady C. Smith (Italianauto)
|
For some of you who trade stocks frequently, check out thelion.com and go to the wall street pit message board. Whether you are playing penny stocks or shorting big caps, there are very talented traders who post their ideas and trades....these guys make some good money.....I am on there posting maybe once a week or so......holland55 | ||
| Rob Lay (Rob328gts)
|
I would take $49,000 for it and turn around and buy another Ferrari. So I guess the answer is I'm not seriously selling it. I wanted to get a car ad out there with a pic to show people the classified ads functionality. I'll remove it once we get a few others out there. | ||
| Christian Kienle (Christiank)
|
Way to go Rob. Are you seriously selling your 328? | ||
| Rob Lay (Rob328gts)
|
I sold half yesterday at .76, so even if the other half goes to 0, I'll still be out of it with a profit. I'm now into software development, but I was a Finance/Investments major in school and started working for a broker and trading myself at 16. Education didn't teach me much, the real world is where it matters and I haven't had much real world with Finance except for my own investing. Funny thing is I did better as a technical trader in High School and then after a bunch of Finance classes I thought I could do better by analyzing the income statement and balance sheet. Well, even in an up market, I didn't do very well. Over the past year I've gone back to technical trading and have started doing well again, even in a down market. GSTRF is a POS and that's why I only put a few pennies in it, worth some good entertainment at worst, but it happened I made a profit, so I'll take it and run. | ||
| magoo (Magoo)
|
Christian, I think it has all been aired now. No problem. BRGDS, MAGOO | ||
| J.P. Foliguet (Jpf)
|
Christian: Please do not read into my discomfort in taking positions on individual equities. There has been lots of talk about AOL, CSCO, and others, I do not have a clue. I was on Wall Street long enough to know that nobody knows anything and that the pundits you read and see on CNBC are often glorified 1-900 psychics. I just want to point out the realities of investing in companies where every constituent in the capital structure and every SEC filing is basically saying through pricing and disclosure "there probably isn't any residual equity here". At that point, the equity is not an equity, but a warrant. Essentially, a call option with no pre-set expiration. Now that warrant may fluctuate in value. Have good days and bad days. But the people who are holding that equity are essentially betting that the all the debt holders holdings are worth 100 cents on the dollar. And despite these institutions having bought hundreds of millions of the bank/bond paper at par are now selling it for pennies on the dollar because they really don't understand the value of the Company. Tough to swallow. Simple Analogy: Imagine buying a property for $1 million and getting a $800,000 loan secured by the property. Market crashes and the property is worth $500,000. If a third party likes the property he can offer the bank $500,000 and they would probably sell the loan. Buying the equity of a company in reorg mode is like offering that property owner $200,000 in cash and assuming the $800,000 debt despite the changes in the market. The guy offering $200,000 in equity is the individual investor here. The guy trying to buy the bank debt at $500,000 ($0.63 cents)would be the acquiror or vulture investor. | ||
| Christian Kienle (Christiank)
|
J.P. as you mentioned people do stupid things while investing. Greed and fear is a motivator. Rob and William are greedy and maybe there are some more guys around who are even more greedy and will push up the stock price to 5 dollars. It is the expectation which people buy, not reality, otherwise the .com fiasco would have never happened. Just my 2 cents and magoo , maybe I was a bit too harsh. Promise to do better. | ||
| Christian Kienle (Christiank)
|
magoo: I do not beat up on anybody just giving my honest opinion about things. Why do you think that I got burned? I did not own stocks for investment purposes before, during and after the big rush . Also, J.P. is saying that he is not allowed to give any recommendation about investing in stocks but that's exactly what he is doing. Maybe he knows more about this particular situation but then I don't understand why he is saying something at all. And magoo, what exactly did you want to say . Christian | ||
| J.P. Foliguet (Jpf)
|
First of all, I am not a broker. I was an M&A partner at a bulge-bracket investment bank for fifteen years. I don't feel comfortable giving stock tips but I cringe when I see investors purchase equity amidst debt reorgs. If QCOM purchases GSTRF it does not have to purchase your equity. It can do a pre-pack chapter 11 and purchase the bonds and bank debt at a severe discount and get control of the company. Remember, if the banks and bonds are getting discounts in a reorg they will not allow the equity to get anything (typically. This is because they are first in line for liquidation up to par, 100 cents on the dollar. Since neither the bank or bond paper for this company is trading near par, it shows the market's expectation that any QCOM purchase or overall reorg will result in insufficient funds to pay the bank and bond holders 100 cents on the dollar. I don't feel comfortable going further in this particular situation. I have been involved in restructurings where papers were filed with courts publicly for pre-packs where equity holders were to get nothing and people kept buying the equity up to $3 per share regardless all the way until the court got around to consummating the transaction months later. Yes... On the day of consummation, the stock got delisted and the equity holders, as disclosed months later, received nothing. Just because a stock was $50 and is now $0.50 does not mean it is cheap. | ||
| magoo (Magoo)
|
Oh my Christian you must have gotten burned. He is simply giving his opinion along with the facts. Why beat up on him. Why don't you tell God and not take it out on this guy who you don't know and if he is a broker you don't know whether he recommened to buy those stocks or not. | ||
| magoo (Magoo)
|
Thanks J.P.. The long term debt definetly throws a different light on it. Earlier Rob's comment was "looks like it maybe heading for bankruptcy sooner vs. later." I also have read about re-structure but I didn't know there was a re-structure as you have indicated. | ||
| Christian Kienle (Christiank)
|
J.P. All what you say is common knowledge and already reflected in the stock price. I assume you are a broker or some kind: Why did you guys tell the people to buy CSCO, SUNW, ORCL etc. beginning of last year when the hype was at its top. No answer? That's why I only trust myself and God when it comes to investment/speculating. | ||
| Rob Lay (Rob328gts)
|
Why would Qualcom go in with GSTRF if it's the end of the line? If they get approval from the FFA, do you think Qualcom would buy GSTRF or maybe it's satelites? All their assets probably are a fraction of their liabilities. | ||
| J.P. Foliguet (Jpf)
|
All you need to know from recent SEC filing about its debt.. Remember, equity is lower in the food chain than debt. So when people talk about restructuring debt, equity is almost always worthless.... FROM THE MOST RECENT SEC FILING On January 16, 2001, Globalstar suspended indefinitely principal and interest payments on its funded debt and dividend payments on its RPPIs in order to conserve cash for operations. Non-payment of interest on Globalstar's debt instruments, credit facility and vendor financing agreements when they become due, and continuance of non-payment for the applicable grace period, are "events of default" under the terms of each of the debt instruments. An event of default has occurred in connection with Globalstar's $500 million credit facility, its vendor financing facility with QUALCOMM, its 11 3/8% senior notes due February 15, 2004, its 11 1/4% senior notes due June 15, 2004, its 10 3/4% senior notes due November 1, 2004, and its 11 1/2% senior notes due June 1, 2005. Accordingly, for reporting and accounting purposes, Globalstar classified the $500 million credit facility, the QUALCOMM vendor financing and the four senior notes as current obligations. Globalstar's announcement in January 2001 of its intention to suspend payments under its long-term debt obligations and RPPIs, and its difficulty in securing additional financing raise substantial doubt about its ability to achieve financial viability. These factors, in turn, raise doubt regarding Globalstar's ability to continue as a going concern. | ||
| J.P. Foliguet (Jpf)
|
Magoo: The reason why the company in question is in such dire straits is because of the debt. Tell your JPM guy to call the distressed/high yield fixed income desk in NY and they can get you a price for the bonds. Also tell your guy to call the bank syndicate desk and get a quote on the bank debt which is trading at a discount as well. If you still need help don't hesitate to email. | ||
| magoo (Magoo)
|
I have been watching GSTRF closely along with my broker. J.P. makes a good point about the bonds and where the stock stands by revealing what percent on the dollar the bonds are dealing. This is always a good rule of thumb,more reality, when you get right down to it. So we checked and there are NO bonds to be found offered out there for GSTRF or Qualcom. Now if that info. I got is true it leads me to believe that Qualcom bought up all of the bonds maybe because of the interest rates. The other thing that comes to mind is if the stock is in such a down position, why wouldn't they offer bonds. May be a sleeper. High of 1.14 today and low of 63cents and called at 66cents. | ||
| Rob Lay (Rob328gts)
|
You're right J.P., and that's why 1) It's a penney stock to begin with. 2) I didn't buy very much of it. Although my little is now a little more than a little, at least on paper. I'm curious if it crashes out tomorrow. I still haven't sold. | ||
| J.P. Foliguet (Jpf)
|
Guys, I am prohibited from making recommendations on stocks in either either a positive or negative manner. There is much commentary on this thread about the purchase of stocks of companies that are subject to chapter 11 bankruptcy proceedings. By definition, this happens when liabilities are greater than assets and thus shareholders' equity is less than 0. Equity holders are usually wiped out in resolution. In fact bondholders can get only pennies on the dollar. You may find momentary blips when the stock reacts on good news but at the end of the day these stocks often get restructured into oblivion. Here is a simple tip. Ask your broker what the bonds are trading for in these bankrupt companies for which you are considering purchasing their equity. If the bonds are much less than par (100cents on the dollar), that typically means that bondholders are expecting to be restructured. Now ask someone with finance expertise what he or she thinks about buying stock of company in bankruptcy when the bonds are trading for less than $0.50 on the dollar. | ||
| William H (Countachxx)
|
Rob is making out Ive made a $1000 so far with GSTRF, Too bad I still have another $4000 to go to wipe out my previous losses from when I bought at $26  For my next piece of advice, I highly suggest buying some ENE now. Its around $14 per share, was $80 last year. they r in a law suit BUT they r still a very strong & powerful Co & they r friends with the Bush family BA will be a good buy under $30 | ||
| Rob Lay (Rob328gts)
|
Ok, I figured out why it's going up. Qualcom is going to use GSTRF technology for satellite based system for jetliners. Up 385%! William is more than a man. | ||
| Rob Lay (Rob328gts)
|
Still going up, now up 280%. High volume, something on the inside going on. | ||
| Rob Lay (Rob328gts)
|
William is the man!!! GSTRF up 100% since he recommended it and I bought it. Although 10k sounds like a lot, for a penny stock that means my profit is only a few k. Looks like it may be heading for bankruptcy sooner vs. later... http://biz.yahoo.com/fo/011029/1029tentech_1.html | ||
| William H (Countachxx)
|
Hmmmm, ENE is down under $16 but they have a scandal going on & there is a class action suit brought by its investors. BTW dont bother buying defense stocks now. u should have done that 1 or 2 yrs ago. Now is time to SELL these | ||
| Rob Lay (Rob328gts)
|
I use E-Trade for all my trading and have been for over 4 years now. I don't have any problems with them. I haven't used anyone else, so no comparisons. They always have someone I can talk to on the phone without a long wait. Only a couple times was the site down and then you can use their brokers over the phone for free. They're finally starting to add more research tools, which is good since I don't take the advice of a broker. | ||
| Todd Arnold (Exoticars)
|
I don't like the stock tips; I'd rather see some aftermarket ones/........... :D Ahem. Seriously, for longer term, go with GE and Walt Disney. | ||
| Scott Anderson (Srandrsn)
|
Do any of you guys use online trading sites like Datek, E-Trade or any of those? If so which do you think is the best? | ||
| William H (Countachxx)
|
ENE is around $20, SPDV is at $0.56, & BA is an ok buy at $33. Better at $29 ENE is tempting, might have to call my broker tommorow | ||
| William H (Countachxx)
|
So, who wants to come visit me in Buenos Aires | ||
| magoo (Magoo)
|
Forget the Anthrax, worry about the smallpox. That will be the one to get the most attention. | ||
| Tenney (Tenney)
|
VLPI recently intro'd an Anthrax test kit for home use. | ||
| William H (Countachxx)
|
Market seems to be heading down again. I just bought some SPDV at $0.56 & made $70 while I was eating lunch my Buy signals would be ENE at $20 BA under $30 BP, low $40 Hub under $25 SPDV under $0.70 WAK under $20 MOT under $14 GSTRF under $0.30 | ||
| Rob Lay (Rob328gts)
|
GSTRF on the move (up over 20% today)... http://biz.yahoo.com/bw/011017/172298_1.html A few more nickels and the party is on William and I. | ||
| William H (Countachxx)
|
Anybody know which Cos make latex gloves & gas masks ? | ||
| Christiank (Christiank)
|
wouldnt be bad idea taking some profits off the table after the failed rally this morning. Chances for a retest of the lows are not unlikely. | ||
| Mark (Mnmark)
|
Biopure (BPUR). The first and only 'fake' blood on the market, for use in emergency situations. Already used in vet clinics, finished phase III trials, building a plant here in USA for human use production. Read about it. Another is action performance (ACTN), though it may be late for that. They make racing trinkets, mostly NASCAR, but also have contract with Sauber/Red Bull in F1. Read about it. | ||
| Christiank (Christiank)
|
Anybody entered CSCO at lower levels should take profits here and reenter at a close (end of day close) above 15. It is sitting right on the downtrendline. | ||
| Frederick Thomas (Fred)
|
I have been following a company called Navarre for a while(navr). They are a software and music distribution company. They have recently signed deals with apple and microsoft. They do around 300 million a year in sales. They report earnings next week and are expecting to report a profit this quarter or at latest next qrt. A week or two ago it was around 90 cents and it around $1.40 now. It isn't an exciting business but I could type for an hour about flashy companys not doing near the sales and losing money hand over fist. | ||
| William H (Countachxx)
|
I'm hoping Global Star will revive, they r a division of Loral which builds satellites & which is also in the dumps. But I think Satellite phones r the future & since Iridium was taken over by the DOD, GS is the only game in town I believe | ||
| magoo (Magoo)
|
What is happening to Global Star? Down to 26 cents from $45.00 in beginning of 2000. I have my broker watching it. He read reports today of possible liquidation and holders cashing out their losses. This could still be a sleeper. If any upturn at all I will buy. Have you guys heard anything to the contrary? | ||
| magoo (Magoo)
|
Wackenhut is the Co. that is the security for the gated community where I live. I guess I'll be seeing a increase in my quarterly Home Owner fees. | ||
| Christiank (Christiank)
|
People have been buying quite a bit recently, so the next turn is selling. I wouldn/t be too anxious about buying a lot of stuff as the earnings season will bring us lots of surprises - and investors don't like surprises. Happy investing. | ||
| William H (Countachxx)
|
Now that the bombs have fallen on Afghanistan & the US is holding its breath to see if these knuckleheads have any other loons running around in the US, what do u suppose is going to happen Tuesday after Columbus day on Wall ST. I'm predicting an overall dip, maybe Boeing & UTX will go up. I'm sure WAK will keep going up cus people will want security guards. Maybe it'll b another good week for bargain hunting ? | ||
| Christiank (Christiank)
|
CSCO should be a good buy here but I would let that friendship go if it closes below 9.50 on a Friday (end of week). | ||
| William H (Countachxx)
|
Wakenhut or WAK has gone up almost 15% since I bought shares maybe 10 days ago. SPDV usually fluctuates between $0.67 to $1.25, I think its around $0.75 now ENE is probably a good buy at $27 BP is showing signs of life BA was a fantastic deal at $29, now at $33.5 What do u think of Cisco at $12 ? & my personal fave HUB is going up again | ||
| Christiank (Christiank)
|
Adam: Insiderbuying has never been a good advisor. I am not investing in stocks right now because it is hard to invest in stocks when you are in a bear market. But I have been accumulating put options on the QQQ (Nasdaq 100) since it went obove 4,000 and cashing in at levels well below 2,000. Next target for the COMPQ is around 1,000 and to be expected around Nov 1 st. After that we will see a Santa Claus rally until mid December, then another jump off the cliff. But I agree, IBM is less risky than many other tech stocks, but it will get it's share too. Christian | ||
| Leo (Speedracer)
|
Best buy in the market is Cisco....almost 11 bucks a share..unbelievable... | ||
| Adam Goldman '86 TR (Icnsltmfg)
|
I do own a fair amount of IBM, and will continue to buy more stock in the company. As a side note, I am an Exec with IBM, so I am a bit biased, but being on Conf call after Conf call, and talking with Consulting clients as well as HW and SW clients, they all feel IBM is the best to meet their needs for the long term as well as the 1,000+ clients who we got back on-line or NYC / FEMA / Red Cross the afternoon of the 11th. I would never push a stock ( that's why I am not a broker ) but I would suggest one. Good luck with any investment you might make in the future. Adam | ||
| Rob Lay (Rob328gts)
|
Got some GSTRF today, Thanks William! I have nothing to loose, but I'm retiring if it goes where it was last year. | ||
| Christiank (Christiank)
|
Frederick, Adam: I don't believe in upgrades and downgrades myself. But you should do yourself a favour and look at the longterm charts of the stocks you own. Fundamentals and known issues are already reflected in the stock price. Nobody knows the future, but the chart is a good indication. EMC, CSCO. ORCL, SUNW etc. are very good companies but they have lost about 90 plus % of their stock value. Why is IBM holding up? Good question. I think that IBM is holding up because their business is longer term than the competition (for example SW fees for mainframe computers) but with the slowdown in the economy IBM WILL get hit very hard and it will be much harder for them to turn around than for the others mentioned above. Just my 2 cents. Adam, I hope that you don't own too much of IBM stock. Good luck to all of you with your investments, Christian | ||
| William H (Countachxx)
|
As some of u know I live In Buenos Aires Argentina when I'm not on the tracks in the US. Well heres a gem of info. For the last 5 years the real estate market in Arg has been dead but since Sept 11 realtors r suddenly getting flooded with calls for ranches & houses. So with this influx of capitol into South America from people from US & Europe anxious about the war, I think its a great time to look into South American mutual funds & get in near the bottom. I forsee a lot more capitol coming down here until this war is over, which could take years. On another note. It seems that when the business mags start saying how great a stock or fund is u know its time to sell it | ||
| Frederick Thomas (Fred)
|
Upgrades and downgrades are all a bunch of crap. I can't tell you how many times I have seen a stock get rated a strong buy at some crazy high price only to drop like a rock. Then they downgrade it when it reaches $2. The pros do the opposite of the public. When the public is selling they are buying and when the public is buying they are selling into the strength. | ||
| Adam Goldman '86 TR (Icnsltmfg)
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IBM is still one of the foundation blocks of the Dow and is still in the bast shap of all of the IT harware, software suppliers and is doing very well in the Service group which is the most profitable piece of the market. IBM still has not lost the huge ground over the last few weeks that many of the it's competitors have, and will continue to be a great long term purchase / hold. | ||
| Christiank (Christiank)
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IBM got downgraded today by Lehman. What a surprise. | ||
| Edwin F Herr lll (Letsgofst)
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I'll add my 2 cents------Heico Corp (HEI) NYSE and Astronics (ATRO) NASDAQ Book value on Heico is $10 per share-------Dont let their buisiness description scare you off------Air travel is safe and will come back----- | ||
| William H (Countachxx)
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Christian, u r correct about risk Vs reward. I bought 2000 shares of GSTRF for $750. I spend more than that for parties So I'm not worried about it. But if it goes up to $10 or more I guarantee I'll b having a party | ||
| Christiank (Christiank)
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William, IMHO opinion buying a stock at 0.35 USD is not different than buying a stock at 35 USD. I think the risk is even higher, potential reward too. Let's say you buy 50,000 USD stock of GE at 35 or 50,000 USD stock of GSTRF. What is more risk? It's even more riskier buying GSTRF because many small investors versus funds are investing (speculating?) in those kind of stocks and movements will be more eratic and therefore risk will be higher. I don't know anything about the company, just my 2 cents. | ||
| William H (Countachxx)
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GSTRF is Global STar, they make & maintain a network of satelites for satelits telephones, stoc is only $0.35 now so theres little downside. Guess what our troops will be using in Afghanistan? | ||
| Christiank (Christiank)
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I agree with Rob, telecom looks good, I don't agree with IBM, I think it has a lot of room to the downside. | ||
| Rob Lay (Rob328gts)
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telecoms have been hit hard lately, but analysts are starting to favor them again and upgrade. since I work for Sprint, you know who I recomend. my biggest hope right now is IDCC, it holds several patents for wireless communications (remember QCOM), but it's had a hard time getting companies to pay royalaties. a lawsuit with Ericsson should be settled over the next year, that could be worth several multiples of current revenues. even without that, they have good current revenues and enough cash to last decades. I think the break up value is more than the current price. a top take over target too. current price $8, it fluctuates so much that you can get a quick profit at $12 within a few months, or wait it out and sell for $80. It's already been there once. | ||
| Adam Goldman '86 TR (Icnsltmfg)
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IBM...it is at a good low and will continue to do well. | ||
| William H (Countachxx)
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This may b the best time in decades to get into the stock market cus prices r low, things r gloomy, & the US is in a recession. Prices may dip another 10% but many stocks r at record lows. Here a few of my current favorite buys Motorola AOL United Technologies Wakenhut BP Amoco GSTRF CMMD Whatchagot for me ? |