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Old 10-06-2008, 02:45 PM   #1
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Let's talk about stocks!

With the markets going nuts as they are, it's a perfect time to do something I've wanted to do for a while---start an investor's thread.

Personally, I own very little. 1). PSE&G, a utility company near where I grew up in Jersey...I've had that since I was a kid. 2). Roma Savings, the local bank in my home town that had their IPO a while back and is actually doing fairly well comparatively. 3). Visa---got in around 60 a week or so after their IPO this year, and I'm currently taking a hit on it, though I expect that it'll get back up there nicely as the current mess starts to settle out a bit.

That's about all. Except for Apple----I just picked up 15 shares today (I wish I had more money to get higher volumes of the big boys, but there's not much to play with right now. Man, Google's gonna have to split a few times before I can make a dent in that one!). Apple's taken quite a hit---it started last week with rumors of Steve Jobs being in poor health (false), and has continued to drop. I've always wanted to get in, and it's now creeping into a price range that has me taking the bait. It may drop even more in the near-term, which is fine with me (I'll try and get some more..), as there aren't really too too many signs that trouble is ahead, barring Jobs' untimely demise.


From an investment standpoint, if I had more money to play with, I'd love this economic downturn. Buy low!
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Old 10-06-2008, 03:01 PM   #2
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I have Finning Canada stocks about 7000$ worth and 15000$ worth of Syncrude Canada stocks. Both heavily oil/gas stock. The rest is RRSPs!
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Old 10-06-2008, 03:16 PM   #3
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It may be a good time to start nibbling at some shares. However, the CBOE Volatility Index (a gauge of fear in the market) is at its all time high today (it's an 18 year old index).
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Old 10-06-2008, 04:44 PM   #4
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That's why it's getting to be the perfect time to buy.

Stocks follow the same philosophy as most trends. You see a style of clothing that seems really cool. By the time you get the opportunity to buy it at your local Target, everybody and their brother is wearing that style. You ride out the tail-end of the coolness, but you've missed out on the maximum coolness return.

It's the same way with stocks. It's great that anxiety in the market is currently at its highest. I don't want to buy when everybody else is buying---I want to buy the day before everyone else is.
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Old 10-06-2008, 05:03 PM   #5
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I'm looking at well-established companies with good, safe dividend yields...say 3+ percent. Until things stabilize a bit anyway.

A lot of it is time horizon. I won't be investing money I might need in the next 3-5 years, no matter what the market's doing.
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Old 10-06-2008, 06:22 PM   #6
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I have some stock options with my employer, as part of the compensation package. Up until very early this year, they were very nice. I was able to do some nice things with them.

Yeah, sure, maybe I could have held onto them and let them grow as a more long-term investment ... although whereas last year our stock was hovering in the 30s and even 40s, earlier this year it took several giant dives, and today it's at a painful $12-something.

Good times. If and when it ever goes back up, it'll be nice, since I still have unvested options hanging out there, and it'll be nice to have a few grants where the price is low, as it'll gain in value if it goes back up.

But if it never goes back up, I haven't lost anything, since they're only options anyway.
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Old 10-06-2008, 06:32 PM   #7
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I was offered to take part in Staples' employee stock plan, but I never went ahead with it because I was unsure.
My manager's do it, and now they both got new cars

Can anyone give me some advice on how it works, etc? Thanks!
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Old 10-06-2008, 07:25 PM   #8
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Picking shares is a mug's game, gang, concentrate on the macro picture. Big picture.

Just my opinion.
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Old 10-06-2008, 07:31 PM   #9
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It's the same way with stocks. It's great that anxiety in the market is currently at its highest. I don't want to buy when everybody else is buying---I want to buy the day before everyone else is.
Definitely - those who bought Apple at $88 at 2pm were rewarded with a 10% return by 4pm. So-called "vulture investors" swoop in and bottom feed on stocks. I did some of that today with Arcelor Mittal Steel.
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Old 10-06-2008, 07:39 PM   #10
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GG has been an incredible investment that I made way back somewhere in the year 2000-2001. It has split, continued to rise and pays a monthly dividend.

Good luck.
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Old 10-07-2008, 07:26 AM   #11
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Picking shares is a mug's game, gang, concentrate on the macro picture. Big picture.

Just my opinion.
I'll gladly take a donation of funds so that I can buy 1,000 shares at a time. Until then, I'll have to settle for a few hundred bucks in gains now and then.

The big picture is indeed key, though. That's why I'll hold onto things like Apple for a while. Zoran (ZRAN) is another one I've been looking at for a while. They make the chips that will be in many of the digital-upconverters that will become mandatory in the US next spring. So, even though the stock is currently only rated 3 stars across the board by most analysis firms, it would make sense that it'll see a bump by early- to mid-next year. A lot of its numbers are relatively strong, and various finance personalities have been talking about it for a while, even though official analyst reports still give it a low-middle-of-the-road grade. It typically runs between $6-25, having spent most of the last several months between $6-15. It's currently at $7, so I've been eyeing it recently....
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Old 10-07-2008, 08:56 AM   #12
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Definitely - those who bought Apple at $88 at 2pm were rewarded with a 10% return by 4pm. So-called "vulture investors" swoop in and bottom feed on stocks. I did some of that today with Arcelor Mittal Steel.
It's definitely a good time these days for these kinds of investors.
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Old 10-07-2008, 11:50 AM   #13
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I'll gladly take a donation of funds so that I can buy 1,000 shares at a time. Until then, I'll have to settle for a few hundred bucks in gains now and then.
Or you could go to the riskier world of stock options - leveraged rights to stock that have a strike price and expiration date. They are definitely more risky than buying shares, although they can produce higher returns.
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Old 10-07-2008, 09:11 PM   #14
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I think shorting the euro, shorting the GBP, shorting oil are better opportunities at present. Long gold, perhaps, but if were talking humungous scale deflation, maybe not.

I remain to be convinced stocks are at bottom.
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Old 10-07-2008, 09:27 PM   #15
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I was offered to take part in Staples' employee stock plan, but I never went ahead with it because I was unsure.
My manager's do it, and now they both got new cars

Can anyone give me some advice on how it works, etc? Thanks!
Well, it depends on what kind of plan it is. Are they options? Or is it a purchase plan where you have money taken out of your paycheck and set aside to buy stocks once a quarter?

You're not in the US, right? It might be completely different over there. Your best bet is to check out whatever materials Staples has put together for you. I'm sure they have a number you could call to talk to someone about all the details and how it works.

If they don't have any of that, then I'd say Staples sucks at offering their employee benefit packages.
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