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anyone into the stock market?

Discussion in 'Off-Topic Discussion' started by RoyB, Jan 6, 2009.

  1. Jan 6, 2009 at 3:28 PM
    #1
    RoyB

    RoyB [OP] Well-Known Member

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    I got into it a couple months back when they were at record lows.... of course it dropped even more once I invested :rolleyes: Lost a couple bucks on some stocks, but made it up on others. Last couple days I have been positive to what I put in. I only put 2K, not a whole lot, but enough to be pissed if I lost it. Today was the biggest gain over-all I have seen yet. Made 9% between all of my stocks.

    I figured I would start a thread to see if anyone has any tips or what stocks they think will do well.

    Since I have been off work a couple days I have been doing some day trading. I sold off some Alcoa (AA) to buy some Exelon (EXC). It made a couple bucks so I sold that off on monday. The top gainers for monday were the steel companies. I just picked Arcelormittal (MT) because it had the best gains for the day and appeared to have quite a large volume and near the bottom of what it was doing a couple months ago. Monday it closed about 6% up from friday (I bought in too late to see gains), but today it went up 14.3%!

    I have stock spread through these companies, all of which did pretty well today...compared to the last month anyways.

    Sirius- lost half the value after I bought it of course.
    Exelon
    Arcelormittal
    Morgan Stanly (+11% today)
    Alcoa
    RESEARCH IN MOTION- starting to creep back up. I didn't buy much, but it dropped like 20 bucks a share as soon as I bought....and I bought at the bottom :(

    With all the trading fees and money lost/gained I am up a total of 10% today over the course of 2 months. I am pretty happy considering RIMM and SIRI both are down quite a bit from what I bought in at.

    One day I will actually read up on stocks and actually make money maybe.

    So what do you guys have? Any good tips/stocks?
     
  2. Jan 6, 2009 at 3:31 PM
    #2
    beastlytaco

    beastlytaco Well-Known Member

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    well, i hade some stock in Ambient company. ABTG. they are a new energy company that uses internet connectivity through the power lines. BPL technology. Its REALLY cheap. Like .02 cents a share. it was like .11 cents since i bought some. but its a long ride company. you gotta be in it for the long haul.
     
  3. Jan 6, 2009 at 3:39 PM
    #3
    RoyB

    RoyB [OP] Well-Known Member

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    I am all about penny stocks....but I just don't know which ones to get into. That's why I got into sirius. It's 52 week high was 4 bucks and 5 year was 7 bucks. I bought in at 28 cents. Now it's down to 13...but has been coming up slightly. I think once car sales come back it might help.
     
  4. Jan 6, 2009 at 3:48 PM
    #4
    beastlytaco

    beastlytaco Well-Known Member

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    yup. thats how i play the stock market. penny stocks. course, Lowes wasnt exactly a penny stock back in the early 90's. but now its gone to crap. i might have to order more Ambient stock soon.
     
  5. Jan 6, 2009 at 4:00 PM
    #5
    aaronatl

    aaronatl ©1975

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    I shorted some HL (hecla mining) 500 shares
    bought at 1.30 went to 2.90 sold it all
    now it back down
     
  6. Feb 17, 2009 at 6:14 PM
    #6
    RoyB

    RoyB [OP] Well-Known Member

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    What in the hell is going on? I haven't been paying attention to the news, but the stocks have done nothing but go DOWN HUGE the last couple days. I haven't bought or sold anything because every time I go to sell they are in the crapper.

    My sirius stock lost 60% last weds (?) because of a misprint of their debt. I threw 100 bucks into it @ .07. That was Thursday I think. It has gone up 40% the last 2 days in a row to .16 today. I sold the money I had invested on friday and made out with an extra 124 over the 100 I put in. I still have 900 shares of it that I bought when it was like .24.

    Man, I wish I had thrown a couple grand into it. Every stock of mine went down today and sirius went up 50% I can't see it going up another day, but who knows. For the 2000 I invested, I am only down 40 bucks. Considering the Dow is at 7600, I don't think that's too bad. I invested most of it when it was near the 9000 mark.

    I lost on a couple stocks but made it up on others. Hopefully there is an uptrend soon so I can see a couple bucks.
     
  7. Feb 17, 2009 at 7:34 PM
    #7
    nd

    nd Radical Town. It's a hell of a place!

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    my 401k has less in it now than it did a year after i started it. it is almost worthless
     
  8. Feb 17, 2009 at 7:48 PM
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    Pster

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    Obama=Deer in Headlights=Stock Market Meltdown=More Gov't Loans=Stock Market Melts Down More=Taxes Up Big Time=Depression.
     
  9. Feb 18, 2009 at 9:37 AM
    #9
    beastlytaco

    beastlytaco Well-Known Member

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    yeah we are actually ina depression. the fed just isnt using the term because it is too damn .......well depressing.
     
  10. Feb 18, 2009 at 10:19 AM
    #10
    RoyB

    RoyB [OP] Well-Known Member

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    werd. Sirius is down 16% today. good thing I sold yesterday
     
  11. Feb 18, 2009 at 1:10 PM
    #11
    goofyboy

    goofyboy Longhorn.

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    there are some really good buys out there right now. It is a crap shoot, though. any of them could go under or rebound. Check out DOW Chemical. Lots of issues right now, but they are at a big time low. $8.62. Last year they were at over $42 a share.
     
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