Recent Topics
GM recommendation: 15w50 for track driving
by dparm
52 minutes 13 seconds ago
Fuel Pump Maintenance Tips
by Speak2Mountain
54 minutes 16 seconds ago
Oil suggestions for 2017 Tacoma with 2TR-FE
by Matt_V
Today at 12:57 PM
Coolant update: 1996 Ford Bronco 302
by Sundodger
Today at 12:53 PM
HDEO 5w-40 vs Porsche A40 in 911 3.4 - Oil Foaming
by BufordTJustice
Today at 12:42 PM
Transmission pan gasket
by mickalo
Today at 12:41 PM
Which Tire Repair Kit?
by BlindBaby
Today at 12:23 PM
You know your car isn't driven often when...
by Astro14
Today at 12:16 PM
Strange brake feeling in my Accord
by Bottom_Feeder
Today at 12:12 PM
Love old oil commercials ....change oil every 1k
by gmh101357
Today at 11:54 AM
T-Minus 10 Days to Adventure
by SKVenture
Today at 11:52 AM
Bosch 0 451 103 029 vs Motorcraft EFL90?
by FordCapriDriver
Today at 10:54 AM
Wix/Napa Gold 1311 defects?
by gsellstr
Today at 10:34 AM
does "wrapping" a car influence heat dissappation?
by 555
Today at 10:20 AM
LT Wheels Getting Bigger and Bigger and Bigger
by SubLGT
Today at 10:09 AM
Honda varadero 2002 - 122.000Kms
by Torres
Today at 09:30 AM
Hi Temp Threadlocker
by Rtstrider
Today at 09:17 AM
73-74 Torino's Havoline 30wt
by gmh101357
Today at 08:43 AM
New pressure washer - Honda vs Subaru engine
by volk06
Today at 08:25 AM
Honda HS1132 oil recommandation
by jbutch
Today at 07:50 AM
Newest Members
perplexed, TroyHayesDoyle, blueeyedme, anomalia, pack_run
61982 Registered Users
Who's Online
106 registered (agpatel, 901Memphis, Alfred_B, 440Magnum, aircooled, 8 invisible), 2596 Guests and 21 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
61982 Members
66 Forums
267111 Topics
4417853 Posts

Max Online: 3590 @ 01/24/17 08:07 PM
Donate to BITOG
Page 1 of 563 1 2 3 ... 562 563 >
Topic Options
#375831 - 01/15/04 03:40 AM Investors....come in please!
Last_Z Offline


Registered: 10/21/02
Posts: 2790
Loc: 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

Top
#375832 - 01/15/04 03:48 AM Re: Investors....come in please!
Neil Womack Offline


Registered: 06/09/02
Posts: 718
Loc: 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.

Top
#375833 - 01/15/04 03:53 AM Re: Investors....come in please!
Last_Z Offline


Registered: 10/21/02
Posts: 2790
Loc: 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.

Top
#375834 - 01/15/04 04:12 AM Re: Investors....come in please!
Al Offline


Registered: 06/08/02
Posts: 17160
Loc: 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]

Top
#375835 - 01/15/04 04:20 AM Re: Investors....come in please!
Last_Z Offline


Registered: 10/21/02
Posts: 2790
Loc: 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 ]

Top
#375836 - 01/15/04 04:57 AM Re: Investors....come in please!
Pablo Offline


Registered: 10/28/02
Posts: 47131
Loc: 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...

Top
#375837 - 01/15/04 06:33 AM Re: Investors....come in please!
JohnBrowning Offline


Registered: 05/01/03
Posts: 9448
Loc: 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.

Top
#375838 - 01/15/04 06:47 AM Re: Investors....come in please!
Al Offline


Registered: 06/08/02
Posts: 17160
Loc: 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.

Top
#375839 - 01/15/04 06:56 AM Re: Investors....come in please!
David Offline


Registered: 05/27/02
Posts: 194
Loc: 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.

Top
#375840 - 01/15/04 06:58 AM Re: Investors....come in please!
Brett Miller Offline


Registered: 09/09/03
Posts: 2636
Loc: 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 ]

Top
#375841 - 01/15/04 07:02 AM Re: Investors....come in please!
David Offline


Registered: 05/27/02
Posts: 194
Loc: Roxboro, NC
Yes American Funds would be the safest. My wife an I also have American Funds. [Cheers!]

Top
#375842 - 01/15/04 07:15 AM Re: Investors....come in please!
Pablo Offline


Registered: 10/28/02
Posts: 47131
Loc: 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.

Top
#375843 - 01/15/04 07:54 AM Re: Investors....come in please!
DockHoliday Offline


Registered: 06/24/03
Posts: 461
Loc: 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.

Top
#375844 - 01/15/04 08:00 AM Re: Investors....come in please!
greencrew Offline


Registered: 01/28/03
Posts: 508
Loc: 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.

Top
#375845 - 01/15/04 08:50 AM Re: Investors....come in please!
Pablo Offline


Registered: 10/28/02
Posts: 47131
Loc: 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?

Top
Page 1 of 563 1 2 3 ... 562 563 >