Recent Topics
Rotary help. 2010 series 2 RX8
by TinyVoices. 12/12/18 08:32 AM
Can you mathematically estimate top speed?
by KCJeep. 12/12/18 08:06 AM
2019 GM 6.2 AFM
by XL1200RFan. 12/12/18 07:32 AM
Dodge Challenger R/T Tips and Tricks?
by LoneRanger. 12/12/18 06:02 AM
MIL vehicle suggestion $8000
by madRiver. 12/12/18 06:00 AM
Toyota 2TR-FE 2.7 questions
by Doublehaul. 12/12/18 12:32 AM
Anybody used Eurolub?
by FordCapriDriver. 12/12/18 12:18 AM
Micro-Green Cut Open
by David1. 12/11/18 11:45 PM
Witch way does this valve work?
by Dylan1303. 12/11/18 11:42 PM
Santa came early..
by leoblack9. 12/11/18 11:22 PM
dropped a zip tie in my prius trans
by eljefino. 12/11/18 09:54 PM
2 Cello's - Some talented fellows right here.
by StevieC. 12/11/18 09:49 PM
Something different for sure - Punjabi Celtic
by StevieC. 12/11/18 09:40 PM
Honda eu200i hiccuping @ low idle - fixed
by Jmoney7269. 12/11/18 09:34 PM
Your dealer is here - Humor
by StevieC. 12/11/18 08:46 PM
1994 Honda Civic LX Main Relay-solder
by Gito. 12/11/18 08:43 PM
Winter/Summer Fuel Economy
by RayCJ. 12/11/18 08:33 PM
0w20 oils - NOACK
by superangrypenguin. 12/11/18 08:19 PM
Newest Members
ariefnrst, tcoffin014, Schm1d, EagleC, Dinka
66655 Registered Users
Who's Online Now
95 registered members (badtlc, aquariuscsm, bfleeman, 54steve, BeerCan, beanoil, 9 invisible), 1,519 guests, and 35 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Forums67
Topics294,968
Posts4,925,076
Members66,655
Most Online2,553
Oct 27th, 2018
Donate to BITOG
Previous Thread
Next Thread
Print Thread
Hop To
Page 1 of 580 1 2 580
Investors....come in please! #375831
01/15/04 03:40 AM
01/15/04 03:40 AM
Joined: Oct 2002
Posts: 2,790
San Antonio, TX
Last_Z Offline OP
Last_Z  Offline OP
Joined: Oct 2002
Posts: 2,790
San Antonio, TX
Hey guys,
I sold my shares of Sun Microsystems (SUNW) today.....they've been getting their arse handed to them by IBM and HP and their quarterly report was not impressive at all. I sold out and made a $40 profit [Cheers!] [Roll Eyes] , so I'm not losing any money here.
Share prices have risen rapidly in the last few weeks, but some "experts" think that it is going to take a while before Sun can once again compete with its rivals.

I also own Lucent Tech (LU) and my shares are up 108.90% [bowdown] [bowdown] [Big Grin] ....so obviously I'm doing very good with them.

My question is:
Should I put my eggs in one basket (Lucent) and watch it grow (hopefully) since they have gotten many positive reviews and new contracts or should I hold on to my money and buy SUNW again when and if share prices go down or should I re-buy the stock now?

These news just came out as I was typing this.
What do you think?

THANKS A LOT!!!

Rick

Re: Investors....come in please! #375832
01/15/04 03:48 AM
01/15/04 03:48 AM
Joined: Jun 2002
Posts: 718
Central Texas
Neil Womack Offline
Neil Womack  Offline
Joined: Jun 2002
Posts: 718
Central Texas
I'm a big believer in diversity diversity diversity.

That makes me a mutual fund guy. Especially index funds since they have very low expense ratios.

Having to watch stocks drives me crazy.

Re: Investors....come in please! #375833
01/15/04 03:53 AM
01/15/04 03:53 AM
Joined: Oct 2002
Posts: 2,790
San Antonio, TX
Last_Z Offline OP
Last_Z  Offline OP
Joined: Oct 2002
Posts: 2,790
San Antonio, TX
Well.....I took a BIG hit right after I bought the stock for the first time. Also, we are not talking about a lot of money here.....~$1500 and finally....stocks don't drive me crazy....I don't lose sleep at night.
I don't trust someone else with my money, especially after all the scandals.

Re: Investors....come in please! #375834
01/15/04 04:12 AM
01/15/04 04:12 AM
Joined: Jun 2002
Posts: 18,283
Elizabethtown, Pa
Al Offline
Al  Offline
Joined: Jun 2002
Posts: 18,283
Elizabethtown, Pa
I have been investing a looooot of years. Over the long haul I have broke even at best by investing in individual stocks. I would only ever buy individual stocks again for strictly fun and games. Perhaps others can pick better than me.

And it seems like those stocks that I could have made (if held) money I sold when they dropped by say 15%. Others- I rode down into penny stocks [Big Grin] [Big Grin] )-guess how well I did with those [Big Grin] [Big Grin] .

As an aside- I feel you really need to be very leary right now. The dollar is fall ing and Bush is like a deer staring into head lightds as far as the budget and spending is occurring (clueless). We are going to hit critical mass on Federal Spending) within a few years-maybe sooner.

Anyone with any rudimentary understanding of finance/markets. or even common sense knows what the rest of the world knows. we can't pay our bills and maintain our present life style without borrowing money. Will that affect the U.S. economy (and the markets)??? duuuuuuuuuuuuuu. I wonder if Greenspan has figured that out yet. He may be too busy chasing Andrea around the bed (in his walker) to care [I dont know]

Re: Investors....come in please! #375835
01/15/04 04:20 AM
01/15/04 04:20 AM
Joined: Oct 2002
Posts: 2,790
San Antonio, TX
Last_Z Offline OP
Last_Z  Offline OP
Joined: Oct 2002
Posts: 2,790
San Antonio, TX
Al,
Good info.....BUT if I can make a buck before all hell breaks lose....why not?

What do you suggest? Get out altogether?

[ January 15, 2004, 08:23 PM: Message edited by: Last_Z ]

Re: Investors....come in please! #375836
01/15/04 04:57 AM
01/15/04 04:57 AM
Joined: Oct 2002
Posts: 47,287
Duvall WA - Pacific NW USA
Pablo Offline
Pablo  Offline
Joined: Oct 2002
Posts: 47,287
Duvall WA - Pacific NW USA
I took the nice little ride with Disney and Exxon Mobil.

I took great ride with Vasomedical.

More later, I'm hungry...

Re: Investors....come in please! #375837
01/15/04 06:33 AM
01/15/04 06:33 AM
Joined: May 2003
Posts: 9,448
USA
JohnBrowning Offline
JohnBrowning  Offline
Joined: May 2003
Posts: 9,448
USA
If you are in for the long hual you might consider Ford. Fords stock while not a supressed as it was with the initial Firestone fiasco is still cheap. They have to improve in the course of the next 7-10 years! Might as well get in now.

Re: Investors....come in please! #375838
01/15/04 06:47 AM
01/15/04 06:47 AM
Joined: Jun 2002
Posts: 18,283
Elizabethtown, Pa
Al Offline
Al  Offline
Joined: Jun 2002
Posts: 18,283
Elizabethtown, Pa
quote:
Originally posted by Last_Z:
Al,
Good info.....BUT if I can make a buck before all hell breaks lose....why not?

What do you suggest? Get out altogether?

Unfortunately-timing is everything (when to get out). I have no timing. I just know that all is not well.

I agree totally-making a buck is good-just keep bumping up the stop loss. [Big Grin]

Sorry I don't have the answers.

Re: Investors....come in please! #375839
01/15/04 06:56 AM
01/15/04 06:56 AM
Joined: May 2002
Posts: 194
Roxboro, NC
David Offline
David  Offline
Joined: May 2002
Posts: 194
Roxboro, NC
You might look at Sirius Satellite Radio Inc (SIRI) I have 5,000 shares. This is going to be big I think.
I bought Sun @ 96.00 in 2000 and lost my azz.

Re: Investors....come in please! #375840
01/15/04 06:58 AM
01/15/04 06:58 AM
Joined: Sep 2003
Posts: 2,636
Arizona
Brett Miller Offline
Brett Miller  Offline
Joined: Sep 2003
Posts: 2,636
Arizona
You're going to laugh at me but hear me out: Get yourself an Advisor you trust and invest in the American Funds. They don't shoot the lights out in any one year like some funds, but like the old adage says "slow and steady wins the race" Over 10 year periods their performance is unsurpassed.

[ January 15, 2004, 11:00 PM: Message edited by: Brett Miller ]

Re: Investors....come in please! #375841
01/15/04 07:02 AM
01/15/04 07:02 AM
Joined: May 2002
Posts: 194
Roxboro, NC
David Offline
David  Offline
Joined: May 2002
Posts: 194
Roxboro, NC
Yes American Funds would be the safest. My wife an I also have American Funds. [Cheers!]

Re: Investors....come in please! #375842
01/15/04 07:15 AM
01/15/04 07:15 AM
Joined: Oct 2002
Posts: 47,287
Duvall WA - Pacific NW USA
Pablo Offline
Pablo  Offline
Joined: Oct 2002
Posts: 47,287
Duvall WA - Pacific NW USA
The long haul IS the thing.

Personal Finance is the newsletter I recommend.
IBD is the daily I recommend.

Funds are great, but they sure make you feel crappy during good years, when the market is up 20-30% and your funds are up 12%. Then on negative years they are about the same as the market as a whole. Go figure.

For mutual funds, one thing I have learned since 1980 or so, don't fall in love with one family. Like all families there are winners and losers. Last years winners are exactly that.

The strange thing is: If you don't have savvy then maybe one long term stock fund is best...but which one? Screw it. Pick 5 and watch the ride....I can't do this.

As shaky as things seem now Al, the stock market is the place...

Don't buy bond funds thinking they are safe...when interest rates go up, what happens to the price/value of the lower rate bonds/funds? Yes, down, down, down.....

Stay alert but not twitchy. Don't be an Amsoil dealer unless you can sell stuff, but if interested see me. Use the cheapest broker. Sometimes the broker I use for my self directed IRA charges me zero for on-line stock trading of major stocks.

The energy sector has been very good to me. Natural gas still seems good. I have made money in gold funds, but there were long periods of dark stillness.

Penny stocks are cheap for reason. I dunno. I mean Vasomedical (VASO) was under a buck when I bought it, and I still think it's a bargain under $2.00 share.

Re: Investors....come in please! #375843
01/15/04 07:54 AM
01/15/04 07:54 AM
Joined: Jun 2003
Posts: 461
Palatine, IL
DockHoliday Offline
DockHoliday  Offline
Joined: Jun 2003
Posts: 461
Palatine, IL
People always like to tell you about their winners, but most poeple aren't as vocal with their losers.

I invested a good deal of cash over the last 8 years, and each stock was a total roller coaster ride. In the end, I made money, but not enough to warrant the risks I took.

I have one last stock in my portfolio (everything else is mutual funds), which was the safe stock. I have quite a few shares purchased a few years ago at an average cost of $24. The projections were that it would be at $35 by this time. I was going to sell late last year at $30. The stock hit $29.50, then bad news was announced, and the stock is now at $19.

So I am sitting here wondering should I fold em, hold em, or buy more. Buying more during the dips is what saved me in the past. Hard to do though.

Re: Investors....come in please! #375844
01/15/04 08:00 AM
01/15/04 08:00 AM
Joined: Jan 2003
Posts: 508
milwaukee
greencrew Offline
greencrew  Offline
Joined: Jan 2003
Posts: 508
milwaukee
I agree with Neil, diversity.

Also, like John, I picked up 500 shares of Ford at $8.50. I almost sold half at $17, but decided to hold it long term.

If you own Lucent, pick another stock.

Re: Investors....come in please! #375845
01/15/04 08:50 AM
01/15/04 08:50 AM
Joined: Oct 2002
Posts: 47,287
Duvall WA - Pacific NW USA
Pablo Offline
Pablo  Offline
Joined: Oct 2002
Posts: 47,287
Duvall WA - Pacific NW USA
I almost forgot:

The stocks that I lost the most on are the ones that I bought on the fly (so to speak), I mean on a whim....anyone remember Webvan? (used to be home grocer?) Went to zero. Enough said. Starfire?....

The stocks that have brought in the most are the stocks that I know something about, our know the region. You guys know I go to China a lot. First when I went, there was NO way I would have invested in China....but the first time I went I felt something vibrant in such a "young" economy...no shoot. Not for the faint of heart but...such a huge potential.

There are some 23 Chinese stocks now traded on the NYSE. Last year they provided a boost for my portfolio. ACH, PTR, SHI, CHA....I'm not naming the companies (too lazy to type, but look the symbols up [Smile] ) China stocks in 2003 = +159%, S&P500 = +26%......I've sold some, but I could have done better. Maybe too late.

SPIDers are a good way to go. Mentioned here: Should I sell my Exxon/Mobil?

Page 1 of 580 1 2 580

BOB IS THE OIL GUY® Powered by UBB.threads™