Investors....come in please!

deepsquat · Aug 21, 2004

I haven't read every post , so I don't know if sharebuilder has been mentioned for thos of you that don't have a lot of start up capitol..I started 4 years ago with a mere $80 a month ..now have over $4000.00 in stock ...small I know ..but if MSFT would ever take off again ..I willbee doing just fine .
BTW sharebuilder you can do a little as a $10 a month investment ( not much but it is a start )
heck I do $35 a month for my son in a trust account..he can't touch it and niether can I ..for 4 more years

Amkeer · Aug 21, 2004

Squat,

Good advice!

Grouch,

You mean covering the short? Oh wait you bought a fund that is short tech if I remember right so you will sell instead of cover.

We are right at the 200 day MA I mentioned previously. Which way will we go?

[ August 22, 2004, 09:25 AM: Message edited by: Amkeer ]

GROUCHO MARX · Aug 21, 2004

Amkeer, I received a notice that the short fund I own is closing as of August 19 due to lack of investors to realize the economies of scale. They really weren't that active during this last dip. Oh well, I made some dough on it the last couple of months.

Pablo · Aug 22, 2004

I'm selling some individual stocks (hence the disclosure

) but I'm eyeballing some of the real wide index funds (I haven't gone THAT bearish).....any favorites??

XS650 · Aug 22, 2004

quote:

Originally posted by Pablo:
I'm eyeballing some of the real wide index funds (I haven't gone THAT bearish).....any favorites??

Vanguard Total Stock Mkt Idx (VTSMX)

It is modeled on the Wilshire 5000, they don't get much wider.

Expense ratio is only 0.2% with no other fees.

Or, if you are a serious investor you can get the same fund for 0.15% expense ratio from
Vanguard Total Stock Mkt Idx Adm (VTSAX)

Pablo · Aug 22, 2004

XS650 - sorry for not being clear, I was thinking ETF's. The Vanguard series on both sides are excellent choices none the less.

Pablo · Aug 23, 2004

ISSC looks OK, lots of news lately.

msparks · Aug 23, 2004

I'm always eyeballing SYP, and QQQ. I've been in it in the past and am looking at it again.

I'm also currently in ewj which is the Japan sector. I'm actually in the black on that one. I've looked at Germany as well cause it contains some big name large caps, but the euro keeps throughing me off.

I'd also look into a long term ETF with drugs stocks health care.

dropitby · Aug 23, 2004

ISSC breaking out to at least $31. Just a normal ABC up.

Pablo · Aug 23, 2004

MS, as you know I rotate QQQ all the time. I wish I could buy and hold, but this market is sideways long, so I just use my $8 trading fee for ins and outs. Have always been positive, sometimes could have made more sometimes less, but still ahead of just buying at $34 and waiting for $33

msparks · Aug 23, 2004

I just put some positions in

GLW, AV and Q.

I bought some more of Corning which I already bought back in April. Just added more.

AV, I was in last year and made about 60% got out and it's back at what I boughht the last time, I'll try again on that one.
Lastly I got into Qwest communications based on PF newsletter.

quote:

Qwest Communications (NYSE: Q; 38.2 percent loss) has been the most affected by the market selloff. Yet, the company is on the right track to turn things around.
Keep in mind, though, if the market continues to weaken, Qwest will hurt substantially. Only for the speculators, Qwest remains a buy.

quote:

Avaya (NYSE: AV; 26.9 percent loss) remains one of the most promising voice over Internet protocol (VOIP) equipment provider companies. Though the stock hasn’t performed well, the company continues to improve its business.

My reason for Corning, is that they are the number 1 glass fiber maker, were talking fiber optics, screens for computers and TVs and they also make the innards for some of the new Diesel exhaust filtering technology, which in the next 2 years is going to be mandated by the gov't.

I haven't picked up qqq yet or SPY, but will soon.

Oh my other reason for buying today is that Oil is back below $47.

keith · Aug 24, 2004

You tech watchers should take a look at Synopsys (SNPS). Dropped from 21's to 14's last week. Solid company that overestimated 2005 revenue and made a correction. I predict the stock will be back to 20+ in the next 12 months.

If you want to take some extra risk, check out Nortel. Massive restructuring, and moving into "make it or break it" time. Not unlike Lucent in that regard.

GROUCHO MARX · Aug 24, 2004

I know a guy who works for Nortel, he says things are going well. Then you hear about accounting problems. When will they learn.

Pablo · Aug 25, 2004

Today was good, but there is always tomorrow.

Throwing darts at the ETF section of Barron's would have worked today and the weenies in contra hedge funds got hammered......again.

Want more detail? You have to give me your $5 for detail.

Amkeer · Aug 25, 2004

We are above the 200 day MA! More later!

Last_Z · Aug 25, 2004

quote:

Originally posted by Pablo:

Last_Z - that looks like a non-harmful dividend. By harmful I would mean cash they don't have, but to give you shares, the only real harm is you have some odd lot size. I didn't read it too close, or check anything out, but does that company also publicly trade on the pink sheets, etc??

P,
Thanks for the reply. Can you please explain in more detail.....in other words; dumb it down for me! I don't even know what pink sheets are!

I'm all black today.....MOBL and LU are doing good. VIGN gaining back some of its price.

Pablo · Aug 25, 2004

In a nuthshell it looks like (again I didn't research it!) the company is just throwing off shares (worthless) of an aquisition (?) perhaps the biggest going to former owners (I don't know)

http://www.pinksheets.com/index.jsp

Pablo · Aug 27, 2004

VASO popped a bit today. Sold 10,000 shares

Found out I owned more shares than the CEO and CFO. Now THAT is scary!!!

msparks · Aug 28, 2004

The truth about the market.

Looking at my portfolio this AM. Even though a majority of my holdings are in the RED, I'm really only 8% down on the average. I supose if I factor the microcaps and OTC.bb stocks out I would be down less.

Hopefully I'm in a great position when this lull in the market starts to move. I'm feeling that we should be positive going into 05 barring any unforseen disasters. Next year should be even better.

I still have quit a bit in my cash position, (not sure what I'm going to do with it. Maybe more realestate?) But I'm ready to find some more of those diamonds in the rough.

Just thought I would let you all know it's not as bad as it seems.

Pablo · Aug 29, 2004

MS-

After all the churning, digging, jumping, leaping, grasping.....I'm almost perfectly even for 2004. Last year seemed so easy....this year if you are even, maybe you are doing OK!

I mean some stuff is up OK, others not so good.

Only solace? Highly paid investment groups with tons of resources, connections and power aren't doing any better and in some cases - worse!

Investors....come in please!

Similar threads