Selling stocks

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Jackelope
10/5/09 1:02:55PM
Anybody else on the playground an investor? Today I sold 1100 shares of a penny stock and it went up another .15 after I sold it. Just had to share my story. Anybody else have any good stories of losing out on big paydays?
mikevolz
10/5/09 1:09:59PM
take two interactive, i was set to purchase a few hundred shares before EA attempted the buyout.

went up 10$ a share
Jackelope
10/5/09 1:12:38PM
Ouch. How many percent was the increase? It was about a 15% increase for me on my stock. At least I didn't miss out on thousands.

Kpro
10/5/09 1:13:41PM
I've avoided the stock market aside from about 3 years back I had totaled about $15k in a stock matching plan for a financial company I worked for and decided to pull it out because I was purchasing a house.

The company I worked for, and had the stock in, was owned by the infamous Lehman Brothers who filed bankruptcy not too long after I got out.

I imagine if I did have a portfolio in the stock market it would consist mainly of supplies companies like concrete, iron, steel, etc. With how much construction, road repairs, etc. that goes on regardless of the economy I feel like they'd be the best investments, but I don't follow it enough to know if that is even a solid strategy.

I just feel that I have a better handle on sports betting than the stock market.
mikevolz
10/5/09 1:16:47PM
15$ to 25$....
Jackelope
10/5/09 1:37:12PM
15-25 is a pretty big jump. You could have made some bank, that's for sure. There has been a number of those kinds of stories but at least you weren't already in the stock and got out before it went up, haha. If we're talking those kinds of stories I probably would have invested in Tazer or something way back in the day to earn some major cash Those guys made out like bandits.

Kpro- I dunno about the construction industry and all of that. I'm sort of tied into it with the work I do right now, and they're all taking a major hit right now.



mikevolz
10/5/09 2:54:15PM
i have a little in the market for long term, but my short term investments actually are all in mma betting.
Svartorm
10/5/09 6:45:20PM
Same here. I'm learning a bit more about boxing bets as well, and thats working out well too. So, aside from a few "I should have bet this way!" etc moments, don't have much to share on bad trades/bets.
hotrodttt
10/5/09 6:45:26PM
It's smart to buy stock now at it's low price right now and when our economy recovers the stocl value will rise. My advise to somebody with a lot of money is to turn most of it into gold.
CanadianCripplr
10/6/09 12:05:17AM
about 15 years back a rich guy I used to train some racehorses for[ my job] told me I should buy some stocks. So I give him 2000 to buy some 10 cent stocks on some goldmine up north he heard about. I let him handle it since he was in the know.
I watch them in the paper for a few months going up up up. They hit 60 cents and I tell guy I want to sell at least half to get some cash back. He says no, no theyre goin to a buck then we will sell, just wait, be patient. I figure hes the millionaire Im the horseguy Ill listen.
2 weeks later they are at 50 cents he says no biggie, announcement comin they r goin up. 2 weeks later they are worth 5 cents and soon after they are not on the market. Doh, not huge cash but my foray into stocks...
ncordless
10/6/09 1:55:49AM
I bought my first stock when I was thirteen years old. I bought ten shares of St. Paul Insurance and and twenty shares of MicroTech with my paper route money. My dad wanted to teach me about investing. I held both companies for 1 year. I lost about 20% on the St. Paul and scored huge with the MicroTech... the stock doubled in value, split, and then doubled in value again.

Recently, at the height of the recession, I began purchasing cheap banks. I am doing so with a long-term view, and plan on holding them for at least 5-10 years while they make a recovery. I got some Citigroup for dirt cheap. My hunch is that in 5-10 years the shares will be worth somewhere close to where they were in 2006-07. Who knows, maybe I will lose it. But to me buying when everyone else is scared and selling when they are acting irrationally optimistic seems like a decent strategy.

My advice in this economy is that it really is a buyer's market if you can afford to hold on to the shares for a while. Expansions last much longer than recessions and buying at the trough (low point) is a good way to ensure you will get a return.

I also suggest investing in companies you know and respect. If they make a good product, chances are they will be around for a while.

Whatever you do... don't buy a bunch of gold. There is a reason that crap gets sold on the commercials of talk radio and not at your local broker. It is a doomsday mentality kind of investment. Unless you really wanna play the hunch that the global economy is going to collapse you are better off putting your money in something else. Gold is like that box of 7.62x.39 bullets you keep in the basement "just in case". But gold is way too volatile to put anything in that you can't afford to lose.
Svartorm
10/6/09 12:05:52PM
I keep my 7.62s in a dozen banana clips in my gun safe, but I get your drift.
bayonetxwork
10/6/09 12:07:45PM
I'm a college student not in the business field but I've done my fair share of research and wish to start investing once I get some more money saved up...I want to get into the day trading aspect with penny stocks and what not...I know theres a lot of risk there, but oh well, we'll see how it goes haha
Jackelope
10/6/09 12:15:38PM

Posted by bayonetxwork

I'm a college student not in the business field but I've done my fair share of research and wish to start investing once I get some more money saved up...I want to get into the day trading aspect with penny stocks and what not...I know theres a lot of risk there, but oh well, we'll see how it goes haha



It's definitely high risk, but it's also high reward. I'd suggest starting off with a small amount of money. I kind of wish I hadn't jumped in with a couple grand like I did right from the get go, but it's worked out OK so far. Good luck!
hotrodttt
10/6/09 9:28:14PM

Posted by ncordless

I bought my first stock when I was thirteen years old. I bought ten shares of St. Paul Insurance and and twenty shares of MicroTech with my paper route money. My dad wanted to teach me about investing. I held both companies for 1 year. I lost about 20% on the St. Paul and scored huge with the MicroTech... the stock doubled in value, split, and then doubled in value again.

Recently, at the height of the recession, I began purchasing cheap banks. I am doing so with a long-term view, and plan on holding them for at least 5-10 years while they make a recovery. I got some Citigroup for dirt cheap. My hunch is that in 5-10 years the shares will be worth somewhere close to where they were in 2006-07. Who knows, maybe I will lose it. But to me buying when everyone else is scared and selling when they are acting irrationally optimistic seems like a decent strategy.

My advice in this economy is that it really is a buyer's market if you can afford to hold on to the shares for a while. Expansions last much longer than recessions and buying at the trough (low point) is a good way to ensure you will get a return.

I also suggest investing in companies you know and respect. If they make a good product, chances are they will be around for a while.

Whatever you do... don't buy a bunch of gold. There is a reason that crap gets sold on the commercials of talk radio and not at your local broker. It is a doomsday mentality kind of investment. Unless you really wanna play the hunch that the global economy is going to collapse you are better off putting your money in something else. Gold is like that box of 7.62x.39 bullets you keep in the basement "just in case". But gold is way too volatile to put anything in that you can't afford to lose.



This is why I don't handle my stocks haha, my mom and dad do all of this stuff for me.
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