***Official*** 2007 Stock Market Thread

[Azurik]

October 2007 YTD:

DJIA = 13,595 / 9.1%
Nasdaq = 2,810 / 16.4%
S&P 500 = 1,510 / 6.4%
Azurik's Retirement = 13.7%
Azurik's Non-Retirement = 21.3%

AZURIK'S OCTOBER REVIEW:
Google's stock has my head spinning.

 

[Azurik]

Interesting week...

 

[Azurik]

I find it ironic that a Citi analyst of all analysts is making the big headlines for selling E*Trade.

The stock at this price is way way way undervalued. Then again, if the majority of people are withdrawing their assets to other banks and the financial troubles for them continue, we may go down with them.

This is obviously a high-risk, high-reward investment right now. Do your due diligence.

For the record, I bought $20,000 worth of E*Trade @ $3.75 a share.

 

[OS]

FXP

lots of meat left on that bone

 

[Pliablemoose]

Originally posted by: Azurik
I find it ironic that a Citi analyst of all analysts is making the big headlines for selling E*Trade.

The stock at this price is way way way undervalued. Then again, if the majority of people are withdrawing their assets to other banks and the financial troubles for them continue, we may go down with them.

This is obviously a high-risk, high-reward investment right now. Do your due diligence.

For the record, I bought $20,000 worth of E*Trade @ $3.75 a share.

I caught that too, are the financials going to take each other out now?

Wish I was off work today, there's some $ to be made with all this volatility...

 

[Azurik]

Originally posted by: Pliablemoose

Originally posted by: Azurik
I find it ironic that a Citi analyst of all analysts is making the big headlines for selling E*Trade.

The stock at this price is way way way undervalued. Then again, if the majority of people are withdrawing their assets to other banks and the financial troubles for them continue, we may go down with them.

This is obviously a high-risk, high-reward investment right now. Do your due diligence.

For the record, I bought $20,000 worth of E*Trade @ $3.75 a share.

I caught that too, are the financials going to take each other out now?

Wish I was off work today, there's some $ to be made with all this volatility...

Stocks are bouncing off oversold conditions. Buying interest is very strong today. Now whether that translates to a long-term bounce is anyone's guess.

 

[Azurik]

November 2007 YTD:

DJIA = 13,372 / 7.4%
Nasdaq = 2,661 / 10.3%
S&P 500 = 1,481 / 4.5%
Azurik's Retirement = 13.0%
Azurik's Non-Retirement = 29.8%

AZURIK'S NOVEMBER REVIEW:
E*Trade was a good trading stock.

 

[Azurik]

AZURIK'S DECEMBER REVIEW:
It was another year of gains for the stock market. The Nasdaq outperformed the S&P 500 by a wide margin while the Dow Jones sat in the middle of the two in terms of gains.

The stock market ended the last quarter of the year down, without much change from November through December. The credit crisis sell-off happened a couple times, but the markets rallied back to a decent level on all occasions.

2008 will be a focal point on whether or not the US economy is heading into a mild recession.

 

[Slew Foot]

Heh, 2007s gains were wiped out in 3 days. Now to see where this goes.

 

[Azurik]

Year 2007:

DJIA = 13,365 / 6.4%
Nasdaq = 2,674 / 9.8%
S&P 500 = 1,478 / 3.5%
Azurik's Retirement = 10.7%
Azurik's Non-Retirement = 23.1%

Last year, both my retirement (Fidelity 401k and ROTH IRA) and non-retirement (Fidelity) beat the market by a considerably margin.

The retirement account benefitted from my over-weighting in the defense sector and international investments.

I had significant exposure to defense company Raytheon (RTN), which gained closed to 20% on the year. It still remains the best defense sector play, IMO. They have sold their aircraft division and used the proceeds to pay down a significant amount of debt. The company has strong cash flow, good operating margins and are expanding beyond the standard DoD contracts by going overseas. Dodge and Cox International (DODFX), a mutual fund, also helped me outperform.

The non-retirement accounnt had another amazing year. The three whacky buys that propelled this were RRPH, BYDT and ETFC. RRPH and BYDT were purely speculative swings that I spotted irregularities with and took advantage of the trade pattern. E-Trade (ETFC) was simply betting a cow when the stock took a nosedive after a Citi analyst comment and getting out in time with excellent gains.

I see myself making at least one or two more of these whacky buys in 2008.

As for the health of the stock market, I am currently cautiously neutral. I am an avid stock market reader and look for signs of how the economy is doing in all fronts - employment figures, housing numbers, mergers and acquisitions, manufacturing index, inflation, oil, etc. To start the new year, I have holdings in Raytheon (RTN), Dodge and Cox International (DODFX), and Oakland Small Cap International. I also sold a portion of my S&P Index and bought bonds in early December. Bonds now account for almost 40% of my portfolio. I will keep it there and transfer it to whacky buys or into other stocks where I see appropiate.

Happy new year and good luck in the markets!

Please join me in the 2008 thread: 2008

 

[rudeguy]

any update on October?

 

[Crusty]

Originally posted by: rudeguy
any update on October?

Why the fuck did you just bump this?

 

[rudeguy]

Originally posted by: Crusty

Originally posted by: rudeguy
any update on October?

Why the fuck did you just bump this?

To prove a point. I was going to bump every stock market thread posted in the past month but decided against it.

 

[Crusty]

Originally posted by: rudeguy

Originally posted by: Crusty

Originally posted by: rudeguy
any update on October?

Why the fuck did you just bump this?

To prove a point. I was going to bump every stock market thread posted in the past month but decided against it.

What point would that be? The only thing you've done is prove that you're a jackass.

 

[josh0099]

Originally posted by: rudeguy

Originally posted by: Crusty

Originally posted by: rudeguy
any update on October?

Why the fuck did you just bump this?

To prove a point. I was going to bump every stock market thread posted in the past month but decided against it.

so January 08 is the last month? :roll:

 

[rudeguy]

That has already been well established.

My point was that we don't need a new thread every time the market goes down 2 points or we need a separate finance forum.

 

[ivan2]

ban

 

[Crusty]

Originally posted by: rudeguy
That has already been well established.

My point was that we don't need a new thread every time the market goes down 2 points or we need a separate finance forum.

So bumping old threads proves that? I don't understand how that works.

 

[Mermaidman]

Originally posted by: Crusty

Originally posted by: rudeguy
That has already been well established.

My point was that we don't need a new thread every time the market goes down 2 points or we need a separate finance forum.

So bumping old threads proves that? I don't understand how that works.

Furthermore, he bumped a thread titled "2007 Stock Market Thread."