***Official*** 2008 Stock Market Thread

[Azurik]

Originally posted by: aldamon

Originally posted by: Lothar

Originally posted by: aldamon

Originally posted by: bigdog1218

It's tough to make money in this type of market because even good companies get dragged down.

Like NVDA

NVDA? Was that supposed to be a joke?

I'm sorry for the folks that bought much higher, but it's worth more than what it is now. NVDA has $1.66 billion in cash and no debt and is profitable while AMD has billions in debt and huge losses per quarter during a credit crunch. AMD last got help from Lehman Bros and they're gone. Who helps them next?

I never bought or sold NVDA so I have no ulterior motive. It's not a good company. They lost over $100M in their last quarter if I remember correctly. They also have a PR mess with all those chips that failed. Intel might exclude NVDA from their latest chipset.

There's just a lot better investments out there than NVDA.

 

[aldamon]

Originally posted by: Azurik

It's not a good company. They lost over $100M in their last quarter if I remember correctly. They also have a PR mess with all those chips that failed. Intel might exclude NVDA from their latest chipset.

There's just a lot better investments out there than NVDA.

I guess we're just not going to agree. IMO, one bad quarter with a one-time charge for defects does not make NVDA a bad company. It's priced in.

 

[HopJokey]

Originally posted by: aldamon

Originally posted by: Azurik

It's not a good company. They lost over $100M in their last quarter if I remember correctly. They also have a PR mess with all those chips that failed. Intel might exclude NVDA from their latest chipset.

There's just a lot better investments out there than NVDA.

I guess we're just not going to agree. IMO, one bad quarter with a one-time charge for defects does not make NVDA a bad company. It's priced in.

Where is the growth for NVDA?

Also their market share and profit margins are quickly eroding with the competition from AMD.

 

[imported_Lothar]

Originally posted by: aldamon

Originally posted by: Lothar

Originally posted by: aldamon

Originally posted by: bigdog1218

It's tough to make money in this type of market because even good companies get dragged down.

Like NVDA

NVDA? Was that supposed to be a joke?

I'm sorry for the folks that bought much higher, but it's worth more than what it is now. NVDA has $1.66 billion in cash and no debt and is profitable while AMD has billions in debt and huge losses per quarter during a credit crunch. AMD last got help from Lehman Bros and they're gone. Who helps them next?

If you're going to compare NVDA to AMD, you might as well compare dog poo to cow poo.
As far as I know, both are garbage and not worth my investment.

 

[SandEagle]

CC is one stock I wish I stayed away from. Bought at 1.25 and it's down to .91 today

 

[ViperVin2]

Originally posted by: aldamon

Originally posted by: Lothar

Originally posted by: aldamon

Originally posted by: bigdog1218

It's tough to make money in this type of market because even good companies get dragged down.

Like NVDA

NVDA? Was that supposed to be a joke?

I'm sorry for the folks that bought much higher, but it's worth more than what it is now. NVDA has $1.66 billion in cash and no debt and is profitable while AMD has billions in debt and huge losses per quarter during a credit crunch. AMD last got help from Lehman Bros and they're gone. Who helps them next?

I agree with aldamon. Sure they had one bad quarter, but they basically have no real competition. Intel's graphic chipsets have a long way before they can match and AMD always seems to be one quarter behind. The future of technology is going to be heavily centered around visual computing, and Nvidia is already taking advantage of that fact.

 

[aldamon]

Originally posted by: HopJokey

Where is the growth for NVDA?

Also their market share and profit margins are quickly eroding with the competition from AMD.

Yeah, on one product cycle. NVDA won't underestimate AMD again. Remember the 8800? AMD is not consistent.

Originally posted by: ViperVin2

The future of technology is going to be heavily centered around visual computing.

Parallel processing, too. CUDA is going to contribute substantially to the bottom line very soon.

 

[Noirish]

i just checked my 401k for yesterday, it was BRUTAL.
Having only 50% exposure to the stock market limited some loss.
Nevertheless, stock portion is down 8-9%...

On the other hand, I bought a couple stocks yesterday and are making sizable return today.

 

[ivan2]

Originally posted by: aldamon

Originally posted by: HopJokey

Where is the growth for NVDA?

Also their market share and profit margins are quickly eroding with the competition from AMD.

Yeah, on one product cycle. NVDA won't underestimate AMD again. Remember the 8800? AMD is not consistent.

Originally posted by: ViperVin2

The future of technology is going to be heavily centered around visual computing.

Parallel processing, too. CUDA is going to contribute substantially to the bottom line very soon.

I hope you won't let your video card buying preference affect your stock buying decision... the whole sector(that's like, 2 companies) is shrinking.

on the other hand, I sold my GE at the last rally with small gain. planning cash for the next sellout...

and WTF happened to GOOG at closing today (stock is back to $408 after hour)?

 

[jpeyton]

Originally posted by: rrahman1
CC is one stock I wish I stayed away from. Bought at 1.25 and it's down to .91 today

Closed at .76

Bling bling, money ain't a thing.

 

[ponyo]

Still sitting on the sideline. We need the bailout bill to pass and the market to sell on the news and people to panic so we can get that bottom. Only if it was that easy.

 

[imported_Lothar]

Crazy rally today. Shame my portfolio isn't a part of it.
Currently down -1.01%.

 

[imported_Lothar]

Originally posted by: rrahman1
CC is one stock I wish I stayed away from. Bought at 1.25 and it's down to .91 today

You bought CC? Wow...

 

[Azurik]

Warren Buffett invests $3 billion in GE preferred stock. Has option to purchase an additional $3 billion in common stock.

Buffet invests in GE

 

[ponyo]

Originally posted by: Azurik
Warren Buffett invests $3 billion in GE preferred stock. Has option to purchase an additional $3 billion in common stock.

Buffet invests in GE

Buffett gets another sweet deal. 10% yield. I'll take it too.

I'm getting little annoyed with these companies offering Buffett these premium deals to get him onboard. Billions gained in marketcap is definitely worth it but it's starting to piss me off as general public investor.

 

[ivan2]

meh, average day, i finally got cash and nothing is attractive, maybe except AAPL, but they make the kind of luxury items that doesn't go quiet well with a slow down economy =/

better luck tomorrow

 

[imported_Lothar]

Originally posted by: Naustica

Originally posted by: Azurik
Warren Buffett invests $3 billion in GE preferred stock. Has option to purchase an additional $3 billion in common stock.

Buffet invests in GE

Buffett gets another sweet deal. 10% yield. I'll take it too.

I'm getting little annoyed with these companies offering Buffett these premium deals to get him onboard. Billions gained in marketcap is definitely worth it but it's starting to piss me off as general public investor.

As mentioned in the article...
Having the stamp of approval from Warren Buffett is great to have in your back pocket.
GE's ability to comfort shareholders and bondholders is important, but it comes at a cost.

I expect both GE and Berksire to benefit from this deal.

 

[ponyo]

I picked up some GE in premarket at $22.85. I kind of hope they kill GE today as punishment for yesterday deal.

I want to pick up some ConocoPhillips and Posco but I'm waiting and watching. I want cheaper prices on both. Especially on Posco.

 

[freegeeks]

I want to buy some shares on the American markets but I'm hesitating because of the currency conversion risk

 

[ponyo]

I bought some GE for my daughter and nephews at $22.60. Over 5% dividend yield and at this price, I feel pretty good about them holding for 15-18 years. They now own Kraft and GE and both pay dividend around 5%.

 

[ivan2]

wow I thought NCC was a goner, calm before the storm I guess?

 

[ponyo]

I love it. Fall baby fall. GE down almost 10%. Conoco down 4%. Posco down 6%.

 

[Ns1]

Am I seeing this right?

bailout bill passes and stocks tumble?

 

[flashbacck]

I love some of the tax breaks that are attached with the new bailout:

New Tax breaks
- Film and Television Productions (Sec. 502)
- Wooden Arrows designed for use by children (Sec. 503)
- 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)

extended tax breaks
- Virgin Island and Puerto Rican Rum (Section 308)
- American Samoa (Sec. 309)
- Mine Rescue Teams (Sec. 310)
- Mine Safety Equipment (Sec. 311)
- Domestic Production Activities in Puerto Rico (Sec. 312)
- Indian Tribes (Sec. 314, 315)
- Railroads (Sec. 316)
- Auto Racing Tracks (317)
- District of Columbia (Sec. 322)
- Wool Research (Sec. 325)

http://hotair.com/archives/200...ill-hits-the-internet/

http://senateconservatives.com...f-wall-street-bailout/

 

[BlahBlahYouToo]

Originally posted by: Ns1
Am I seeing this right?

bailout bill passes and stocks tumble?

it only passed the senate.