Gotta admit, it is fun

Shift518 Automotive Shift518 Off Topic
1

Even though I protected my self from Obamanomics, playing with pennystocks is good stuff… As a for instance, As a Stern Listener, I kept investing in Sirius… despite dismal losses… but several weeks ago When it hit the 10 cent mark, I couldnt resist… and so far it has more than tripled.

I say watch citi, Alcoa, GE as some decent investments with mixed potential…and then chase the penny stocks for adrennelin.

As and example, 20,000 shares of Sirius last month would have run about $1250 including comission… today it is worth about $7200

or fun size it at 100,000 shares cause extra cash is hanging in a money market account and $6,000= $36,000
or 500,000 shares and your $30,000 a few weeks ago is $180,000

and this was buying it up 20% from its low this year!

I wish I had bought alot! Dammit

2

lol ok :smiley:

buy some of my socks now LOL

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Werd. I’ve been watching Sirius, GM, and Ford and all of them have been climbing slowly but surely.
Lately I’ve been buying and selling a lot of different stocks including GE, Home Depot, Intel, AT&T, Apple, IXYS, Nucor and others. Last month was VERY good to me, and so far this month is doing well too. My financial advisor = da man.

4

i needs money to play in socks. :frowning:

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Me toooooooo

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Yea being poor does not help with stocks

7

do any of you guys use e-trade?

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Did. Why?

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I’ve been looking into the whole stock thing ( I guy i work with is big into it and tells me there is money to be made) I just wanna know if e-trade is legit, or even worth the time?

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I wish I could invest in the # of Obama hatred remarks by Jammer. I’d retire and buy GM and then nuke it using a bomb bought by Iran with the money in my sock.

Then, I’d have just enough monies to bribe the University of Texas Law School to overturn GWB’s rejected application.

11

wow… i was seriously thinking about throwing a little money into sirius

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whos your financial advisor… if I may ask

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I really wish i had some cash layin around to invest. Anyone wanna loan me money with a nice interest rate? lol

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you gonna pull a failvis?

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HAha, thats what i was waiting for! Surprised it took that long

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haha

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I hate socialists. yes, hate… and am not fond of its supporters.

By the way, I made 8.33 % on Sirius today…expect the same necxt week. Hmmm… CD’s make 3% a year…this is 8% today. This game is fun because its the buzz… reality is we have committed more gov’t spending in 60 days than all previous…yes ALL previous administrations TOGETHER, since the country started. We are OFF the gold standard and do not have the gold to back up our spending…therefor we are buying on credit without the assets. If countrys like China call their loans due…we go broke as a nation…unless…we print money…and thats what were doing. When we print money, inflation occurs.

The big winner I had today was STRS, up like 40%… to bad I only invested $1000 ! sold it and made $340.

This wont hapopen overnight.
For those that dont get it, lets use China as an example. We borrowed huge from China, and rather than them taking cash in payment, they take government back securities and treasuries / bonds. Well, as the dollar loses value, when we print it, for instance, china is less likely to accept the securities, as the dollar will get weaker. Thus they will want cash, land, properties, or other types of assets…, influence , companys, or more likely things like emisssion credits. Emisssion credits will be a huge factor in the future and these credits will carry huge value and will stifle US industry.
As we agree as a nation, with clean air acts and other global desires, we , as a nation will not have enough credits to ever do manufacturing again without huge expense, not including our desired labor rates and unions that other developing nations dont have… where does that leave us down the road.
China, to use an an example, can raise the prices of products and we can not responf with American products with any force, and future growth here is stifled by all mentioned above.

The bottom line is not necessarily doom and gloom for the average person, but its higher taxes, harder to prosper and break out, and certainly out rights and liberties are dwindling. Its a slope and we are on it.

I for one, will do as the dirty boys of wall st are doing… play the game. I am sure they on wall st are making a mint while they can. While Obama continues to campaign daily, and tells of future strength, and others begin to re-invest… someone needs to gain…and lose.

We should start a stock group that meets mo0nthly and research and invest as a group…but no one has money. 2500 each would get it going!

18

Let’s go back to the way the Republicans had it working when life was great… Wait? :lol

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Anyone want to explain to me how e-trade works, like do I want a cash account or a margin account with options trading???
lol total noob, but want to get into this stuff

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Margin is a way to hit it good, but have deep pockets. most margin players start with 100k, but it can be done in smaller volumes. An initial investment of at least $2,000 is required for a margin account, though some brokerages require more. This deposit is known as the minimum margin. Once the account is opened and operational, you can borrow up to 50% of the purchase price of a stock. This portion of the purchase price that you deposit is known as the initial margin. It’s essential to know that you don’t have to margin all the way up to 50%. You can borrow less, say 10% or 25%. Be aware that some brokerages require you to deposit more than 50% of the purchase price.

Buying on margin is borrowing money from a broker to purchase stock. You can think of it as a loan from your brokerage. Margin trading allows you to buy more stock than you’d be able to normally.

Wth the numbers of $20,000 worth of securities baought using $10,000 of margin and $10,000 of cash. Cory’s Tequila Co. is trading at $100 and you feel that it will rise dramatically. Normallly, you’d only be able to buy 100 shares (100 x $100 = $10,000). Since you’re investing on margin, you have the ability to buy 200 shares (200 x $100 = $20,000).

Jammer Inc. then locks in Singh as a spokesman and the price of shares skyrockets 25%. Your investment is now worth $25,000 (200 shares x $125) and you decide to cash out. After paying back your broker the $10,000 you originally borrowed, you get $15,000, $5,000 of which is profit. That’s a 50% return even though the stock only went up 25%.

BUT…say that instead of rocketing up 25%, our shares fell 25%. Now your investment would be worth $15,000 (200 shares x $75). You sell the stock, pay bacck your broker the $10,000, and end up with $5,000. That’s a 50% loss, plus commmissions and interest, which otherwise would have been a loss of only 25%.

Think a 50% loss is bad? It can get much worse. Buying on margin is the only stock-based investment where you stand to lose more money than you invested. A dive of 50% or more will cause you to lose more than 100%, with interest and commissions on top of that.

If i buy on margin I have “puts” and “stops” meaning if it falls to a certain price, it will auto-sell…if it reachs a cretian price…it will also auto sell. If you could sit in front of the PC all day, as some of you jobless fuckers do, and knew what keys to push, then you could better trust the buy/sell prices.