Stock Tips

[SonicFlux]

I just sent E*Trade a wad of money, but I'm not sure what to buy. I'm thinking AMD (I owned them before, but sold to buy tdfx, doh!), but I really haven't looked around.

Does anyone know of any good stocks to buy right now? Oh, and please explain why they are good!

 

[StageLeft]

I invest only in mutual funds, but I keep an eye on stockhouse.ca and they have really been toting fuel cell stocks as a good buy for long-term...see waht they have to say but there are a couple of companies in fuel cell technology doing pretty well now. Don't do AMD - everyone does AMD

 

Diversify. Techs are good but are catching a beating right now. Funky karma from all the dot com death going around. Even blue chip tech stocks are feeling the pain. I am looking into retail outfits now. Pick a store you like, picture if they are going to around for a while, then invest when the price is right. Simple as that.

 

[StageLeft]

Like Home Depot!

Tech stocks are a really tough buy right now..

 

[denali]

Walmart, WMT, looks good, and I agree with Home Depot too.

 

[StageLeft]

Just checked RMBS (rambus) their price/earning ratio is over 300! My god, what a crappy stock. I remember some months ago when some guy in general kept defending his purchase of RMBS as a good investment (it was at $200 then).

 

[azazyel]

My money is on Micro Vision. They are doing some pretty scary stuff there. They are working on a device that will project a picture on the back of your eye.

 

[AaronP]

Best Buy is towards the bottom of the barrel right now and they look like they could move 50% or more up in the next 6 months or so. IMO that major price drop was unjustified.

There's a lot of bargains out there right now.

 

[cxim]

GTF out of the MARKET unless you are a speculator... we are at the end of a business cycle & waiting for the drop.

does 1929 ring a bell ? it should...

 

Texas Chips

 

I like Home Depot and Target. I have a buy order in for some HD right now, assuming the market is going to die around closing tonight with all the Florida nonsense going on.

 

[Michael]

Never take stock tips.

Michael

 

[StageLeft]

You know what is interesting? The fact that almost no investors in the world can consistently get much ahead of the major market indexes in terms of investing, and _many_ investors do consistently worse! So, basically buy a diversified portfolio and check back on it every 3 years and you'll probabaly do better than if hanging around on the net all day buying and selling.

Obviously we know which of these is more fun tho

 

[JoeBaD]

Open up a Roth IRA and invest in a index mutual fund ala S&P 500.
Very low expense ratio. Heck, a monkey can manage an index fund.
Roths grow tax free and all qualifing withdrawals are nontaxable.
Current limits are $2,000 per year but new legislation will be pushing it to $5k. Your spouse can participate too.

Schwab has a pretty good deal. If you fund account thru monthly transfers from your checking/savings account there are no fees. $166.67 per month, fairly painless.

If you haven't opened a Roth yet, get going. You have until 04/15/01 to fund year 2000.

I sound like a Scwab rep, but I'm not. Go to whoever, just do it. The sooner you start the sooner you'll be able to retire.

 

[StageLeft]

I'm 22 and about 4 months ago started putting in a consistent amount of my paycheck into a long-term mutual fund, about 10% now. I hope to move that up a bit once the wife is working and we'll each put in 10+%. We plan to retire rich - and no we don't make "a hell of a lot of money". More than average, but its really such a little sacrifice for so much money in the future

 

[Midnight Rambler]

Unit trusts (UT's) are better than mutual funds IMHO. Much lower associated costs, and you always know what stocks you own (vs. mutual funds which change). I really like Nike Securities' unit trusts, here is a link to their site. As beaten down as they are, the semi UT, the communications bandwidth UT, and some others look good for a long term buyer. UT's price initially at $10/sh., most of the ones I mentioned are down to $6 or so per share now.

As for individual stocks, Global Crossing (GX) is a top pick, and not just of mine (it's a 1.2 on Zacks). There is unexplained weakness in this stock right now, and most brokerages have it as a strong buy.

Despite the slaughter of the semi equipment sector, Teradyne (TER) is a solid stock as well.

Wireless has also been killed, Ericsson (ERICY) is attractive because they are mainly an infrastructure builder and they won the majority of the recent G3 contract bids. The stock has been hurt because their handset sales sucked, but they may be exiting/reducing that business in order to concentrate on their infrastructure biz.

 

[Zach]

My fiance has made about 400% so far this year on Biotec, DGX to be presise... I've lost $2000 and had an account liquidated due to a margin call, so I stick to mutual funds now.

You may be best off with index stocks or funds, they (I can't see the thread when responding!) have a good point. What are they? QQQ, DIA, and SPY? QQQ's, Diamonds, and what.. Spyders or something (for the S&P).

 

[SonicFlux]

I actually just started a Roth IRA last week with E*Trade And I plan on putting that money into the S&P tracking index fund.

As for the other money I just sent E*Trade, I will let it sit in the market for a while until I am absolutely certain as to what I want to buy. And I will NOT be buying anything tech...