***Official*** 2008 Stock Market Thread

[imported_Lothar]

Originally posted by: richardycc
ACTC could be hot again today, sold some yestersday, might buy back in again...

Pump and dump.

 

[ViperVin2]

2008 is definitely going to be interesting for the market.

 

[Chiboy]

What do you guys think about Hyundai?

 

[Carbo]

12%, safe and steady. Private mortgage investing. The stock market is too volatile for me, and too time consuming to watch over.

 

[Miramonti]

Originally posted by: Lothar

Originally posted by: richardycc
ACTC could be hot again today, sold some yestersday, might buy back in again...

Pump and dump.

Its actually interesting. I've semi-followed it for a couple years or so since they said they could do stem cells w/o destroying embryos and testified to congress as such, before getting b!tch slapped by orral hatch [albeit ignorantly]. Its a ways off tho, and I think they were hoping to get bought out.

Since, they went to .12 tho, which either shows they were bs'ing, not far enough, or simply ran out of funds. A couple of days ago they said they created 5 stem cell lines, thus going to .25. I don't know whether to believe them or not.

That said, I'm considering buying a handful because of their recent news, perhaps they are advancing. Either that or they are the biggest most persistent bs'ers in a long time, with the gall to throw bs pr releases to the markets again.

 

[mrkun]

Originally posted by: ricochet
Holey sh!t on Countrywide (CFC)!! A person could have made 60% or more in one day.

I work for CW in A/P and we share the facility with Treasury Ops. A lot of people at the building bought stock at 5ish.

 

[ViperVin2]

Originally posted by: Carbo
12%, safe and steady. Private mortgage investing.

More info on this please. Sounds intriguing.

 

[Azurik]

Originally posted by: richardycc

Originally posted by: Slew Foot
http://finance.yahoo.com/gainers?e=us

Hmm, nothing in the US went up 34.48% today....

the only thing that was remotely close to 34.48% gain yestersday was GAX.

That's because the stock is traded over the pink sheets (aka OTCBB). I have no interest in pumping and dumping, merely stating my purchase history. OTCBB stocks are EXTREMELY risky, and unless you have valid reasons, you should never be long-term in them.

The stock in question is being rumored to be listed on a major exchange soon, along with the company repurchasing their shares recently and stating they will in the future. There is also some M&A (mergers and acquisition) activity, too.

I deposited an additional $15k into my brokerage account in two segments. The first deposit finally cleared for non-margineable securities, the second deposit should clear up on Monday.

I bought $7.5K worth of the stock on Friday @ .351 per share, and will put an order in on Monday morning for the remaining $7.5k. I'm hesitant to list right now due to the potential of the price artificially going up.

 

[Azurik]

Originally posted by: ViperVin2
How do you feel about DODFX long? I invested into the fund early December 07 and have posted about -11% return since then ...making me regret the buy decision.

It's an excellent international mutual fund - one of the best. Of course, if you bought it in December '07, that's little consolation. The entire market has been down since then, not just this fund. It could go down more, but that's not the point.

This fund should be one of the core funds in one's account, especially if you want a hands-free investing approach. This, along with a domestic index, a small-cap fund and some bonds is a good diversified portfolio.

 

[Azurik]

I purchased my remaining shares today. I can finally reveal the stock.

It is Commerce Planet (CPNE). My average cost is .35 - should have been .29 if I didn't have that deposit delay I referred to. But if it goes up to the level I expect I'm not going to complain.

Please DO NOT buy based on my purchase. If you somehow think you should buy some shares, please do your own DD.


On another note:

This stock market on a whole has been down in the dumps lately - today with the help of Citi posting their biggest quarterly lost in their entire history. I am no market timer, but I'm glad I went 40% bonds in December, a move I made to simply fund some of my individual stock purchases when I decide to. The move has since made my account breakeven for the year, instead of posting what would have been 10% or so by now. I got lucky.

 

[cjvon]

Originally posted by: freegeeks
my strategy for 2008 is very simple, buy a buttload of Long Turbo Brent Crude Oil Futures and don't look at it for 5 years

I'm pretty sure all futures contracts expire so you (or your broker) will have to roll over into the new contract.

 

[ponyo]

Azurik, I don't care if you mess around with pink sheet stuff. That's your business. But posting the name of low volume pink sheet is nothing more than pump and dump on your part. Keep the name to yourself if you're going to mess with that stuff. I don't care if you mention regular stocks. You have no effect on it. But mentioning thinly traded pink sheet with less than 40k shares traded today is worse than Tokyo Joe.

 

[ponyo]

I just bought some Citigroup AH at $26.55. I was looking for the dividend cut and bigger losses news. I got it that so I executed my plan. I'm looking for $29 as sell target. I've soft stop set at $24.99. Not the best risk/reward setup but I'm sticking w/ my game plan.

 

[Azurik]

Originally posted by: Naustica
Azurik, I don't care if you mess around with pink sheet stuff. That's your business. But posting the name of low volume pink sheet is nothing more than pump and dump on your part. Keep the name to yourself if you're going to mess with that stuff. I don't care if you mention regular stocks. You have no effect on it. But mentioning thinly traded pink sheet with less than 40k shares traded today is worse than Tokyo Joe.

I realize most of the time posts like that will come off as a pump and dump. However, people here know who I am by now and this wouldn't really be an ideal site to do it on. I cite the stock name so it can be documented. No one is going to believe big gains all the time unless you go on record with your buy and the date you bought it on.

 

[Azurik]

Originally posted by: Naustica
I just bought some Citigroup AH at $26.55. I was looking for the dividend cut and bigger losses news. I got it that so I executed my plan. I'm looking for $29 as sell target. I've soft stop set at $24.99. Not the best risk/reward setup but I'm sticking w/ my game plan.

You bought Citi again? I remember we had this discussion in mid-November in the E-Trade thread when it was $35. I didn't like it then. I don't think I would be a buyer now.

Then again, it looks like you're planning a swing trade, so it doesn't make a big difference.

 

[Miramonti]

Originally posted by: Azurik

Originally posted by: Naustica
Azurik, I don't care if you mess around with pink sheet stuff. That's your business. But posting the name of low volume pink sheet is nothing more than pump and dump on your part. Keep the name to yourself if you're going to mess with that stuff. I don't care if you mention regular stocks. You have no effect on it. But mentioning thinly traded pink sheet with less than 40k shares traded today is worse than Tokyo Joe.

I realize most of the time posts like that will come off as a pump and dump. However, people here know who I am by now and this wouldn't really be an ideal site to do it on. I cite the stock name so it can be documented. No one is going to believe big gains all the time unless you go on record with your buy and the date you bought it on.

I agree...if you only posted a few times it may be bs but you've simply volunteered accountability to your otc purchase. Mentioning a position is far from 'pump and dump' imo, especially since its a stock that has seen nothing but 'dump' in the last year. 40k shares a day really isn't all that thin either, and there are lots of listed stocks that trade much less than that. Hopefully it works out....apparently they have enough confidence in themselves to repurchase $2m shares.

 

[imported_Lothar]

Originally posted by: Naustica
I just bought some Citigroup AH at $26.55. I was looking for the dividend cut and bigger losses news. I got it that so I executed my plan. I'm looking for $29 as sell target. I've soft stop set at $24.99. Not the best risk/reward setup but I'm sticking w/ my game plan.

You have balls...

 

[ponyo]

Originally posted by: Azurik

Originally posted by: Naustica
I just bought some Citigroup AH at $26.55. I was looking for the dividend cut and bigger losses news. I got it that so I executed my plan. I'm looking for $29 as sell target. I've soft stop set at $24.99. Not the best risk/reward setup but I'm sticking w/ my game plan.

You bought Citi again? I remember we had this discussion in mid-November in the E-Trade thread when it was $35. I didn't like it then. I don't think I would be a buyer now.

Then again, it looks like you're planning a swing trade, so it doesn't make a big difference.

I didn't buy Citi then. I decided to wait. I bought it on 12/14 and got stopped out and flatlined.

I posted here my strategy and thoughts on future Citi trade in this thread.

I'm simply following through and sticking with my game plan. Hopefully I'll get lucky with my gamble. If not, oh well. I'm not ready to make an investment in Citi yet. Financials still have downside left and Citi will hit $25. I'm just betting it bounces before it ultimately heads there. I can already hear whispers of surprise rate cut rumor.

 

[Lithium381]

As of right now, my entire portfolio consists of my IRA(roth)....i'm just learning the stock market, and as such i chose a conservative approach: for now, they're all fairly balanced mutual funds. I'm down 7% on the whole......i just started last year......and then the market tanks.....hopefully it will recover soon!

it also doens't help me that i don't have all that much to invest...i work part time while i'm in school....hopefully i can start really investing when i get out of school

 

[ponyo]

Originally posted by: jjsole

Originally posted by: Azurik

Originally posted by: Naustica
Azurik, I don't care if you mess around with pink sheet stuff. That's your business. But posting the name of low volume pink sheet is nothing more than pump and dump on your part. Keep the name to yourself if you're going to mess with that stuff. I don't care if you mention regular stocks. You have no effect on it. But mentioning thinly traded pink sheet with less than 40k shares traded today is worse than Tokyo Joe.

I realize most of the time posts like that will come off as a pump and dump. However, people here know who I am by now and this wouldn't really be an ideal site to do it on. I cite the stock name so it can be documented. No one is going to believe big gains all the time unless you go on record with your buy and the date you bought it on.

I agree...if you only posted a few times it may be bs but you've simply volunteered accountability to your otc purchase. Mentioning a position is far from 'pump and dump' imo, especially since its a stock that has seen nothing but 'dump' in the last year. 40k shares a day really isn't all that thin either, and there are lots of listed stocks that trade much less than that. Hopefully it works out....apparently they have enough confidence in themselves to repurchase $2m shares.

40k shares when stock is like 31 cents is like $12k or $6k depending if you double count. That's thin and a single person can move a stock with a simple bid.

 

[ponyo]

Originally posted by: Lothar

Originally posted by: Naustica
I just bought some Citigroup AH at $26.55. I was looking for the dividend cut and bigger losses news. I got it that so I executed my plan. I'm looking for $29 as sell target. I've soft stop set at $24.99. Not the best risk/reward setup but I'm sticking w/ my game plan.

You have balls...

I was actually surprised this morning when I saw the news and saw Citi only dropped like 50 cents in the morning premarket. That threw me a curve as I was expecting bigger gap down at the open. That's why I waited until the market closed today and Citi closed down bigger before biting.

 

[imported_Lothar]

Azurik, Naustica, and jjsole...

You guys should consider joining our ATOT '08 VSE game here.
http://forums.anandtech.com/me...id=38&threadid=2142203

 

[ponyo]

The problem with those sims is that it's not real so the emotions are not there. When it's their real hard earned money on the line, people react differently. It's like playing poker with fake money at a website. Plus I'm too busy with work and trying to invest real life. I don't need another job.

 

[Miramonti]

Originally posted by: Naustica

Originally posted by: jjsole

Originally posted by: Azurik

Originally posted by: Naustica
Azurik, I don't care if you mess around with pink sheet stuff. That's your business. But posting the name of low volume pink sheet is nothing more than pump and dump on your part. Keep the name to yourself if you're going to mess with that stuff. I don't care if you mention regular stocks. You have no effect on it. But mentioning thinly traded pink sheet with less than 40k shares traded today is worse than Tokyo Joe.

I realize most of the time posts like that will come off as a pump and dump. However, people here know who I am by now and this wouldn't really be an ideal site to do it on. I cite the stock name so it can be documented. No one is going to believe big gains all the time unless you go on record with your buy and the date you bought it on.

I agree...if you only posted a few times it may be bs but you've simply volunteered accountability to your otc purchase. Mentioning a position is far from 'pump and dump' imo, especially since its a stock that has seen nothing but 'dump' in the last year. 40k shares a day really isn't all that thin either, and there are lots of listed stocks that trade much less than that. Hopefully it works out....apparently they have enough confidence in themselves to repurchase $2m shares.

40k shares when stock is like 31 cents is like $12k or $6k depending if you double count. That's thin and a single person can move a stock with a simple bid.

There's been way too much volume in the last year, even the last few months to be much of a manipulation risk imo. A few pennies maybe but any larger moves than that will see much deeper bids/asks, just as 200-400k shares hasn't been uncommon in the last few months. The greatest risk in stocks like this is dishonestly and lack of accountability by the owners etc. And even tho its only $.35, it still has $17m of market cap.

 

[Jadow]

I think Citi is a safe bet right now. While it could go lower, the downside risk seems to be much less than the upside. Even though they cut their dividend, there's still a lot of dividend support on this stock.