Boiler Room: The Official Stock Market Discussion

Discussion in '6 Figures 6 Certs' started by Ill, Aug 2, 2012.

  1. Ill

    Ill All Star

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    *Under construction - will include info on getting started so you don't have to keep asking*

    Understanding the basics of finance and investing:



    I think we should start a discussion on the stock market. Please don't merge this with the financial thread, as they are two different topics.

    I am currently long AAPL. Average weighted cost is about $140 so I am sitting pretty with 65 shares. My plan is to sell after the iPhone 5 hype hits the market. Expectation for price range is 650-675 for me to sell.

    I am also holding a few bio stocks. These are highly speculative so do your due diligence and realize that you may gain or LOSE a LOT of money playing these.

    1) ARNA - Arena Pharmaceuticals. Got in at $6 and rode it through PDUFA approval. Should've sold on pop but I got emotional and thought I'd make more. I cashed out a $1.3k profit. Still holding 1025 shares and am down about $3k on those now. I think the long term potential of this stock is very good so I am holding for 1-2 years. My price target to sell is $17-22. I think its possible to hit this due to VVUS drug being highly risky and the IP protection for ARNA is much better. Possible buyout by a large pharma is also in play.

    2) TLON - Talon Therapeutics - Highly speculative play. ADCOM was 7-4 with 2 abstentions. Small cap bio. I was up about 35% on the stock as I bought in at 1.40..ran up to 1.80. I should have sold and made a $2.5k profit but I got greedy.. Next day it dropped 40% followed by another 10% drop the next day. It is slowly going to build back up before its PDUFA date on 8/12. I'm down about $3k after the raid so I'm just hoping to break even now.

    What else..Banks

    I'm holding BAC and C. Both have been fvking horrible for me. Down 30-40% on both. Everytime I buy a bank stock it drops big. Medium sized positions so Im just going to hold for a few years and hope they turn it around.



    Discuss what you are holding, market/stock theories, and give/take advice. Lets see what we can do. Also - a good place to learn and follow retail investors is StockTwits.com . Sometimes you can find good leads on there but you should always do your OWN due diligence.
     
    Last edited: Dec 30, 2014
  2. Habit

    Habit Banned

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    I agree, research is the most important thing. I find the key to doing well is being able to predict, understand, and follow trends. After awhile you start to develop good instincts.

    Told people to buy Ford, Etrade, and TSM when they were undervalued. They would have gotten a nice return on investment.

    WAG seems like a good buy, but I only have IRA now with T.Rowe Price.
     
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  3. Lt. Col. Tall

    Lt. Col. Tall We'll just assume I'm right.

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    I have owned in the past or currently Chevron, Visa, SeaDrill, McDonalds, Berkshire Hathaway, Apple, Devon energy, Greenlight Reinsurance.

    Most of my money is in Vanguard: Vanguard total market (VTI), Vanguard REIT ETF (VNQ), Vanguard Bond Index (BND).

    Just bought Sprint at 4 dollars on an extremely speculative buy which I usually don't do. The company has a terrible future too. But its worked out so far.

    Every once in awhile Ill fukk with GLD shares, but fukk gold, it's too volatile.

    Should of held on to my Expedia shares. I bought it at like 30 and sold around 45 because I thought it topped out.

    I got into apple in february at about 497. The stock is fundamentally like a 1100 stock. I'm long on them and they're even paying a dividend now.
     
    Last edited: Aug 13, 2013
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  4. Lt. Col. Tall

    Lt. Col. Tall We'll just assume I'm right.

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    Yeah, I like BAC. I keep trying to get into financial stocks, but with regulation and the bad press I just can't find myself to get into it. I think BAC probably bottomed out though, I like their prospects. I may look into them further.

    Also, you can swear on here, just say "fukking."
     
  5. Lt. Col. Tall

    Lt. Col. Tall We'll just assume I'm right.

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    yeah the pharmaceuticals will fukk you. If they're actually worth anything, the big players in the industry usually buy them out. But yeah, they'll suffer a 66% loss if their shyt doesn't get approved or look right. I've learned my lessons with Kerix and Dendreon. Luckily, I didn't have huge positions in them.

    Whats ARNA tradiing at now? they've been on a tear this year.
     
  6. 88m3

    88m3 Fast Money & Foreign Objects

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    I'd rather put my dikk in a blender than my money in the stock market
     
  7. Lt. Col. Tall

    Lt. Col. Tall We'll just assume I'm right.

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    it's not the "casino" that the news likes to make it out to be. Look into your companys 401k if you got a job that offers one. You'll make money. And even when things like 2008 happen if you had kept your money in, you would of gained more than 90% of that back by now. Over a long enough time line you'll make money.
     
  8. Ill

    Ill All Star

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    7.50. Its been on a downhill dive since approval. Makes sense with retail ownership over 70%. I think the big money guys are driving down the price to scare away individual owners so they can scoop up shares. Realistically, if the company does what it should and sales meet expectations, the stock is worth $20-24 on a 20% discounted rate over 5 years. It wont gain much ground until they get DEA schedule and EU approval and start selling in 2-3 quarters. I'm holding long but my average cost is 10.50 so I have a long way to go.

    Everywhere I read, BAC is on the up and up but I dont believe it until I see it. The "experts" are saying 1-2 years to get to $20. I think its very possible if the world economy recovers. All of the Countrywide bullshyt is in the past and I think off the books now so they can't lose too much more money on the past crash.

    I like Ford a lot but thats another stock that goes down when I buy. I think it has more room to go down with slowing sales in the US and a very weak EU. I may buy in the mid to low 8's if it gets there.

    Apple is piff for my portfolio. I put in about 6K and have made about 30k profit over 3 years
     
  9. BlvdBrawler

    BlvdBrawler Superstar

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    C is a bust breh. Sell it and cut your loss.

    I too am hoping for something good to happen with BAC.

    Edit: I also work for BAC and trust me the Countrywide shyt is *not* all done with. We get lawsuits all the time from shyt Countrywide did. I have a feeling it will be the case for some time.
     
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  10. Lt. Col. Tall

    Lt. Col. Tall We'll just assume I'm right.

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    I heard BAC was supposed to write down like (I dont remember the number) $11 Billion in mortgages due to a federal lawsuit. Although I assume that's priced in, it kind of scares me away. I do like them fundamentally though, and I like Wells-Fargo better.

    I like Ford. Everyone on Wall street likes their management and with their P/E being like 2, I've been keeping my eye on them. Their stock hasn't made any moves though.

    A few months ago, I thought apple was in a bubble and I got skiddish. I sold a few months ago, but I got back in. All they do is make money.
     
  11. Lt. Col. Tall

    Lt. Col. Tall We'll just assume I'm right.

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    what's the deal with you guys writing down a bunch of mortgages, or whatever that federal lawsuit was about? Is that going to hurt you?
     
  12. KAWS

    KAWS Pro

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    Glad somebody made this thread.

    I find it interesting that you guys brought up pharmaceuticals and banks, the main two industries I avoid because of their susceptibility to regulation and public opinion. You can do well with a buy and hold, but they're generally to volatile for my tastes.

    Anybody bullish on FB? After the IPO I told myself I'd buy when it inevitably fell to $19 but I'm not so sure without a better vision on how to monetize what they have.
     
  13. Lt. Col. Tall

    Lt. Col. Tall We'll just assume I'm right.

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    it's funny you bring FB up. I had a friend who bought in at the IPO and I don't know if he sold or not.

    I don't like it either. I wouldn't touch it unless I was buying puts. Where do you think the bottom is?

    edit: I guess you said 19 already. I could see it going lower. But still, the upside could be ridiculous.
     
  14. BlvdBrawler

    BlvdBrawler Superstar

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    Not really sure tbh.
     
  15. Hiphoplives4eva

    Hiphoplives4eva Solid Gold Dashikis Supporter

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    Any one investing in bank stock deserves to lose every penny they invest. Please read Ronald Suskind's Confidence Men to get an idea on how corrupt the entire banking system is. I think BAC has literally more debt THAN THE GDP of the entire nation! So i eventually expect these banks to become nationalized or default.

    I hold MCD, NVDA, ATVI, Nike, Coach, Nokia, MSFT, Netflix, Ebay, National Oil Well Varco, TIBX, and a few others.

    The best advice for anyone playing the market is NEVER SELL. Buy high quality stocks in companies with strong, compelling products, and never sell them. Consider your stock account akin to your savings account. You should only really buy companies with the intention of holding them for 5 plus years. Again, there are people making tons of money day trading, but there are tons more losing their shyt day trading as well. But stocks can be very rewarding and a modest investor who invests smartly can expect to see a 8-10% raise in their investment annually. FAr superior gains than any savings account or a mattress can provide.
     

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