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Quodio Stotes posted:What was my demeanor exactly? I explained I was willing to learn and had an interest in the subject. Is that not a precursor for success in any field? I told you I was going to be conservative and did not expect to do well so your response was a little annoying. I don't care that much I just really don't get what you are trying to say about my so called demeanor. The best thing to do is to not try to convince posters in this thread that Forex is a good opportunity, but rather to go looking for people that already believe that and will give you the help you want.
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May 20, 2012 22:15
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Talks To Cats posted:This is why you won't do well. You care too much about being right. Not about being right, I just don't like armchair psychologists.
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May 20, 2012 22:15
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What about currency ETFs? Ultrashort Euro is doing ok. http://www.google.com/finance?q=NYSEARCA%3AEUO
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May 20, 2012 22:37
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Ola posted:What about currency ETFs? I'd strongly recommend against going into Ultrashorts of ANY KIND considering the nature of their returns (i.e. only matches daily returns).
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May 20, 2012 23:38
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Quodio Stotes posted:One example of a less risky buy and hold strategy I was thinking about would be buying currency in a stable petro-economy when global oil prices drop (as they have recently) waiting til oil rises again and the currency returns to a similar previous value then selling off (I've monitored this trend in a few economies and the currencies frequently appreciate 10% or more in the course of a month). I would imagine investing in something like this would be way less risky then betting on daily fluctuations in currency. Oh my god this is precious Good luck in your pip watching goals bro. Forex was fun scalping in 2009 but those days are gone.
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May 21, 2012 06:07
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please respond posted:Oh my god this is precious Ok bro, I'm glad you got in here man! You're so cash, teach me the ropes bro.
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May 21, 2012 06:12
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Quodio Stotes posted:Ok bro, I'm glad you got in here man! You're so cash, teach me the ropes bro. Tell us more about your Economics bachelors degree in psuedoscience and how you will get rich going long on Saudi Riyals.
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May 21, 2012 07:02
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please respond posted:Tell us more about your Economics bachelors degree in psuedoscience and how you will get rich going long on Saudi Riyals. You're trying really hard to be a hotshot and funny at the sametime and its pretty pathetic. I admitted I knew nothing about forex and was looking for advice not a parade of assholes.
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May 21, 2012 07:24
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Can someone give me recommended reading on some of the more "advanced" topics of trading? I'm actually just interested in knowing more about the complicated and technical parts of trading (basically things that aren't covered in babby's first investment book). Derivative contracts, futures, various swaps, etc. I don't plan on executing any such trades so I'm not looking for strategies, I just really want to understand some of the more complicated bits of the markets.
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May 21, 2012 09:07
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For what you're looking for, I think investopedia should have sufficient information.
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May 21, 2012 09:47
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shrike82 posted:I'd strongly recommend against going into Ultrashorts of ANY KIND considering the nature of their returns (i.e. only matches daily returns). I've been trying to wrap my head around this. If you can use ETFs to ride a commodity price trend and get 5-6% in a week or two, does it matter so much that it didn't track the target index perfectly? It is a short term speculative instrument after all. You're not hurting if you get 4.9% instead of 5%, but it would be bad if for some reason you got -10% instead of +5%. One thing I would worry about is the ETF issuer suddenly going tits up, don't know if there's ever been an ETF-crash like that.
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May 21, 2012 11:01
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PRADA SLUT posted:Can someone give me recommended reading on some of the more "advanced" topics of trading? Investopedia is a good place to learn (or recall) the basics. Once you feel like you know the basics, I recommend Option Volatility & Pricing and Understanding Options. There's some overlap between the Investopedia material and the second book, so if you only want to get one book, I'd probably get the first one.
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May 21, 2012 14:06
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Where is that guy who put his child's college fund into FB....
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May 21, 2012 14:32
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As much as I just want to post "LOL FB" I'll just say I really hope nobody on here bought into the IPO hype on an extremely overvalued stock and lost a lot of money. Just a reiteration that you should really have a fundamental understanding of the market and how it works (and who controls the market) before rushing in going OMG Facebook I have to have it.
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May 21, 2012 14:38
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Current street rate to borrow FB is $0.06 per share. There's quite a bit of short demand, unsurprisingly I guess.
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May 21, 2012 14:57
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mik posted:Current street rate to borrow FB is $0.06 per share. There's quite a bit of short demand, unsurprisingly I guess.
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May 21, 2012 15:02
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Cheesemaster200 posted:Where is that guy who put his child's college fund into FB.... I read he had second thoughts when everyone was freaking out about it. Apparently the dad is in charge of the investment club at his daughter's school. idolmind86 posted:As much as I just want to post "LOL FB" I'll just say I really hope nobody on here bought into the IPO hype on an extremely overvalued stock and lost a lot of money. Just a reiteration that you should really have a fundamental understanding of the market and how it works (and who controls the market) before rushing in going OMG Facebook I have to have it. Not me, still have a bid at $29. I may pull the trigger if it gets close but doesn't hit like around $32. I think stocks are going to hit lows in the next couple of weeks so I'll wait for that. Edit: It may just hit 29. COUNTIN THE BILLIES fucked around with this message at 15:44 on May 21, 2012 |
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May 21, 2012 15:16
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Wonder how many regular guys got in at the opening price of $45, only to be down now to $33.78....ooooouch.
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May 21, 2012 16:02
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Good, I'm loving sick of tech IPO's anyway. Facebook is a boring company. Now give me more of those sweet, sweet life science start-ups.
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May 21, 2012 16:37
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I just jumped on the TEF boat too, they look nice and healthy and 12.49 is cheap as poo poo.
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May 21, 2012 16:56
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Colleague of mine bought at 40 hoping for a pop. When it was at 42 I told him to sell so he could at least cover commission to which he laughed and said be would have no problem covering it. I don't know how much total he had into it but from that comment it doesn't look positive. He also isn't at work today, sooooo....
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May 21, 2012 17:09
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Crazyweasel posted:Colleague of mine bought at 40 hoping for a pop. When it was at 42 I told him to sell so he could at least cover commission to which he laughed and said be would have no problem covering it. I don't know how much total he had into it but from that comment it doesn't look positive. He also isn't at work today, sooooo.... My slightly similar but happier story: 10 days ago my father messaged me indicating that etrade had offered him shares at the ipo price. We scrambled around moving money, eventually cobbling together a pretty hefty amount, in the thousands of shares worth. I went to sleep thursday super optimistic, despite my father warning me that we'd likely only get a small percentage of the shares we requested. Friday morning I find out they only allotted us 100, and I was super disappointed, until I saw what happened. Could have been a gigantic trip to the woodshed, but lesson learned about irrational exuberance.
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May 21, 2012 17:17
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Crazyweasel posted:Colleague of mine bought at 40 hoping for a pop. When it was at 42 I told him to sell so he could at least cover commission to which he laughed and said be would have no problem covering it. I don't know how much total he had into it but from that comment it doesn't look positive. He also isn't at work today, sooooo.... Bummer. I mean people were warned, right? Practically the whole business press agreed that this was a very dangerous IPO to get excited about and that retail investors should probably stay the hell away until the smoke clears. I hope not too many Joes out there discovered eTrade on Wednesday night. Counterpoint: It's FACEBOOK! Tough call, anyway.
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May 21, 2012 17:27
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I really like this chart: Notice the bump in the summer is just analyst expected earnings and should be taken with a hint of salt.
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May 21, 2012 17:37
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alnilam posted:New(b) question, speaking of things that are safe as houses. Going back to this (unanswered, but that's okay), I did some really basic analysis and I had an idea I wanted to run by you guys about TIP (iShares Barclays TIPS Bond Fund (ETF)). The price of the etf TIP has done a drop-then-rebound the last few times they paid dividends, the day of/after the payout. And trading volume is high during that time. So it seems that a lot of people who want to sell their position during the month decide to wait until the next dividend (why not) and then get out, and so the shares go on sale. So if I want some of TIP, I was thinking I'd wait and see if they pay a dividend on 1 June, and buy it when it drops. This is my first attempt at predicting the future but this seems like a pretty basic thing based on observation and with a logical cause. Does this make sense?
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May 21, 2012 17:40
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In light of FB's price action, I bought some more AAPL since it's had a 15% retracement. Unlike FB, AAPL has real earnings and a crazy low multiple. (I also bought 50 shares of FB for fun at $39 on Friday  )
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May 21, 2012 17:40
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Why are retail investors even buying in to an IPO? IPO are for institutions and the point is to raise money for the company issuing the stock and for the institutions underwriting the sale. What happened to FB was the ideal scenario, they were reasonably accurate in determining the market rate and raised more money than expected. If the share value pops that means the IPO failed (left money on the table) or that hype has taken over (irrational market). Gambling on one of those as a retail investor is asking to lose money. Given the extent of the forces working against the retail investor, buying in to an IPO as one is a fool's errand.
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May 21, 2012 17:44
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Can anyone recommend some extremely basic info on how stocks and stock trading work? Internet articles or books both would work. I am talking "for dummies" level - I am curious about it, but I want something that doesn't assume I know anything. I don't even understand what the concept of a stock is and why they exist. I would also like to know exactly how online trading works at the most basic level - how easy and quick are the transactions, etc.
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May 21, 2012 17:47
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Malloreon posted:My slightly similar but happier story: 10 days ago my father messaged me indicating that etrade had offered him shares at the ipo price. We scrambled around moving money, eventually cobbling together a pretty hefty amount, in the thousands of shares worth. I went to sleep thursday super optimistic, despite my father warning me that we'd likely only get a small percentage of the shares we requested. I'm disappointed in the whole thing too, but come on, its not everyday someone gives you $200-$300 for doing almost nothing. You did sell the first day, right?
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May 21, 2012 17:56
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Doghouse posted:Can anyone recommend some extremely basic info on how stocks and stock trading work? Internet articles or books both would work. I am talking "for dummies" level - I am curious about it, but I want something that doesn't assume I know anything. I don't even understand what the concept of a stock is and why they exist. I would also like to know exactly how online trading works at the most basic level - how easy and quick are the transactions, etc. I think you might be best suited by a textbook treatment. I can't think of one off the top of my head, but there was one in school that I read went over the history of trade and stocks (all while explaining their purpose) and was very informative. It is more of a primer than an in depth look but I think it is a good place to start if you know nothing. Usually the stock market is a small part of a bigger topic in these books. I will look for the one book I had in mind and post if I find it. Quodio Stotes fucked around with this message at 19:18 on May 21, 2012 |
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May 21, 2012 18:00
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So, STD, is it another AIB or will it's latin america exposure protects it from the shitstorm that is Europe?
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May 21, 2012 18:03
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Baddog posted:I'm disappointed in the whole thing too, but come on, its not everyday someone gives you $200-$300 for doing almost nothing. You did sell the first day, right? You did buy at the bottom and sell at the top, right? 
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May 21, 2012 18:13
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Turkeybone posted:You did buy at the bottom and sell at the top, right? I don't have the exact numbers, but very few IPO's lose money the first day, in fact morgan stanley defended the price and made sure this one didn't, even with a lot of pressure on it. Even the IPOs which end up losing money at the close of the first day usually opened with a decent pop and traded above for a decent amount of time. So if you get some shares allocated before open and sell them the first day (early in the day preferably), you've got a huge percentage chance of making some money. Problem is they won't give you any more shares for a long time, unless you make your broker a lot of money in commissions or something else. I dunno where your sarcasm is coming from, its a huge percentage play for at least some amount of gain. And I don't get why people are all of a sudden "oh my god no one should ever even attempt at getting shares allocated to them in an IPO unless you are a big institution". People should attempt to get as many shares as they can in a hot issue whenever they get the chance, and gently caress the brokers 30 day 'suggested' waiting period to sell.
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May 21, 2012 18:36
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Some informative commentary about FB from GBSquote:Oh, I misunderstood market cap. I didn't need to multiply in the price per share.
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May 21, 2012 18:47
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Doghouse posted:Can anyone recommend some extremely basic info on how stocks and stock trading work? Internet articles or books both would work. I am talking "for dummies" level - I am curious about it, but I want something that doesn't assume I know anything. I don't even understand what the concept of a stock is and why they exist. I would also like to know exactly how online trading works at the most basic level - how easy and quick are the transactions, etc. This book will give you a basic intro 101 to markets. Believe it or not, there is a Dummies book. I haven't read it, so I don't know if it's any good or not. As far as online stuff goes, Investopedia is a pretty good starting place.
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May 21, 2012 18:51
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So are share prices connected to earnings or not really/sometimes. Serious question.
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May 21, 2012 18:51
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shrike82 posted:Some informative commentary about FB from GBS Holy poo poo gently caress this thread going to GBS right now agarjogger posted:So are share prices connected to earnings or not really/sometimes. P/E is just another tool to evaluate a stock. You can also use The P/E to growth to evaluate something in a high growth industry as the P/E might not tell the whole story. lightpole fucked around with this message at 19:03 on May 21, 2012 |
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May 21, 2012 18:53
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agarjogger posted:So are share prices connected to earnings or not really/sometimes. Sometimes. Serious answer.
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May 21, 2012 19:03
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shrike82 posted:Some informative commentary about FB from GBS I always thought cash flows were an overrated way of valuing a company to be quite honest. This value/customer method really saves me a lot of time loving around in spreadsheets.
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May 21, 2012 19:11
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Quodio Stotes posted:(helpful stuff) saintonan posted:(helpful stuff) Thanks, time to hit the books...
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May 21, 2012 19:16
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