We need a new thread on.........STOCKS!

[propertymanager]

Christopher,

I don't have any other stocks that I'm looking at.  I still own Arch Coal (ACI) and have sold covered calls (options) on that for many months.  It looks like I'm going to get called out this month.  I'm in it for $15.50 per share and have been doing the $17.50 calls (twice in May).  This month, I sold the $18 calls.  I believe that the market if overbought, so I would have a hard time going long.  Do you have any ideas?

Mike

[jstevenson]

I think the markets are overdue for a severe correction, so be very careful.

[fdjake]

Here's what you need to know about investing in STOCKS.....

DO NOTHING.....UNLESS...THERE IS SOMETHING TO DO!!!!!!

We are in no man's land.    I continue to hold FORD.....I'll be a buyer on any pull backs.

Investing in stocks is IDENTICAL to investing in Real Estate in just ONE WAY......

EVERYTHING you have ever been told is WRONG!!!

Think about that statement as it relates to Real Estate Investing.

In REAL ESTATE you have so called "EXPERTS"....These are the BROKERS or Realtors.....In REALITY....these people are CLUELESS as to the REAL secrets of successful INVESTING.  As seasoned real estate investors we all KNOW THIS...We actually LAUGH at the ADS that claim CASH FLOWING PROPERTY when we know that couldn't be futher from the truth based on rents and costs!!!

BUT.........When it comes to investing our money on WALL STREET we throw this hard learned knowledge right out the window.  People follow and actively look for TIPS.....They buy what everyone else is buying, WHEN everyone is BUYING IT!!!   If instead, you handled your STOCK investing just like your real estate investing you would probably make a LOT more money.  Think about this.......When is the last time you purchased a PROPERTY just because you had the MONEY to buy one????  You would NEVER buy real estate like that.....The ONLY time we buy properties is when we find a BARGAIN!!!!   I see people all the time that just THROW money at stocks.  WHY????   The stock market is like a CASINO....You have very limited times when the ODDS are in YOUR favor....When you get those opportunities  TAKE THEM.....Then get the HELL OUT!!!!!!   

Buy........Whatever the EXPERTS hate.........Then DO NOTHING!!!  Let it SIT....Don't try and be "smart" and trade in and out.....TIME is your FRIEND unless you make it your enemy!!!

There's no bettwer example of this theory than FORD...
Look at how many of these DOPES missed the entire FORD STORY....That stock has gone form $1.02/share to $6.00+ in about 6 months.  It's going even HIGHER over the next 4 years. 

Yet.....THEY STILL DON'T SEE IT!!!!

[rookieNYC]

infrequently named RookieNYC

I no longer post anything related to equities here..Infact I no longer post anything at all on this forum..I enjoy just reading the banter that goes on..I made peace with those I've argued with and don't wish to break the peace..Silence is golden..I'm having a stellar year in the markets and up close to %38 on mostly international ETF's...I have no clue where the market goes from here,but my guess is sideways and then up more...The market will not flip over like 2008..The bottom is in is my prediction but who the eF knows..I trade what I see and my guys are doing great..3 of our funds are up +%20 and our RE holdings have exploded by buying at .30 cents on the dollar..We have hard money loans on corporate buildings as well..If you have the cash these are times to put it to work..

I hope everyone is doing well and more importantly I hope everyone is healthy...

[phlemboy]

 Hoosier, I agree with fdjake. But it's more difficult than it seems. When you buy stocks that are out of favor, it can be gutwreching when your stock sinks a little (or a lot). I purchased 500 shares of HBAN (Huntington Bankshares) about 6 weeks ago. Soon after, it issued a secondary offering (offered more shares for sale). That diluted the value of the shares I had and the price went down. I felt the company had good long term prospects so I bought more shares as the price dropped. I'm up to 1800 shares and have just turned positive! My point is that you have to learn to evaluate companies and their stocks (which if difficult and time consuming), but it's worth it, just like in REI. I'd put the money in the bank and read some books about investing/ trading. You have to study Fundamental analysis, Technical analysis and all of their components. That's a LOT of info to learn. I'm right in the thick of it now and it's kinda overwhelming.. but fun. gOOD LUCK!

[allagash]

on mostly international ETF's

China on a shopping spree....(Brazil and Australia).

-Mike

[NJbird_dog]

What are some thoughts on penny stocks like this one:

ASFX http://www.google.com/finance?q=PINK%3AASFX

up by 50% right now and it hasn't even increased by a full penny.
If I wanted to play with some money, these stocks look like they can bring in some huge gains quickly.. of course, they are also very risky....

anyone have experience with these?

[allagash]

I have no clue where the market goes from here,but my guess is sideways and then up more...The market will not flip over like 2008..The bottom is in is my prediction but who the eF knows..

Glad to see you made good money from the Obama bounce...

Glen Neely sees a vicious downturn:

http://www.prweb.com/releases/2009/06/prweb2537224.htm

Still sharpening the axe here....

-Mike

[propertymanager]

Elliott Wave Theory predicts that the DOW will end up at 1,000 to 1,500 and I agree 100%.  We are experiencing exactly what happened in the great depression.  A large initial drop in the market was followed by a bear market rally (just enough to get the weak hands to commit their money) and then the slow grind to the bottom 4 years later.

The fundamentals of the economy haven't really changed.  They still stink!  The foreclosure crisis has only been postponed by various moratoriums.  The government has taken over a significant part of corporate America and are wanting to control even more!  Job losses are mounting and are already worse than the worst case predicted by the government).  The government is intent on forcing the auto makers to make cars that no-one wants.  The government has thrown away TRILLIONS of dollars and have absolutely no plan for paying it back.  Cities and states are broke.  Taxes on everything and for everyone are going up, up, and up!!!  Long gone is the idea that The Chosen One is going to tax the rich - now he's going to tax YOU!

Could the DOW go to 1,000 - COUNT ON IT!

Mike

[Hoosier4life2005]

How soon do you think itll take to get that low Mike?

and im seriously considering moving to Texas or even to another country(that is more capitalistic, i have no idea what country that would be).  I refuse to live in a place where a government is constantly getting their hands on everything you do.

Elliott Wave Theory predicts that the DOW will end up at 1,000 to 1,500 and I agree 100%.  We are experiencing exactly what happened in the great depression.  A large initial drop in the market was followed by a bear market rally (just enough to get the weak hands to commit their money) and then the slow grind to the bottom 4 years later.

The fundamentals of the economy haven't really changed.  They still stink!  The foreclosure crisis has only been postponed by various moratoriums.  The government has taken over a significant part of corporate America and are wanting to control even more!  Job losses are mounting and are already worse than the worst case predicted by the government).  The government is intent on forcing the auto makers to make cars that no-one wants.  The government has thrown away TRILLIONS of dollars and have absolutely no plan for paying it back.  Cities and states are broke.  Taxes on everything and for everyone are going up, up, and up!!!  Long gone is the idea that The Chosen One is going to tax the rich - now he's going to tax YOU!

Could the DOW go to 1,000 - COUNT ON IT!

Mike

[phlemboy]

I think you have to be able to adapt to your environment. It doesn't matter where you live. It's hard for me to imagine the Dow going to 1000. But I don't think it's going to soar higher anytime soon.