Originally Posted by LazyJ10
Haven't really been in the game for a while with a new job. New job deals with Hedge Funds (accounting side, for me) so I've been just educating myself on what they're doing and investing in.
That being said, with the news of HP's CEO being forced to resign and an interim taking over while the search begins, worth shorting?
I don't think HP is all that well positioned in terms of growth or value, and now adding uncertainty in a major leadership position has me wanting to go short.
Also, perhaps already missed the boat, but Overstock.com seems like another likely short candidate.
With the market drop yesterday I opened a position in FAS. I'm not overly concerned, I'd imagine it'll rise over the short term (1-3 months, especially before end of year) with the talk and sale of proprietary trading desks and bank owned/ran Hedge Funds.
Thoughts?
Hate HP, especially after they spent 1.2 bil on Palm. However given where the stock price is right now, chances are it consolidates and rallies a bit from where it is at right now. OSTK was a great descending wedge set up but I'm afraid it's posed to do pretty much the same as HP. I'd look for better set ups but then again I took a quick glance at the chart. I don't trade these so I'm no expert on how they trade. I'd watch for some type of consolidation before the downtrend continues. Don't use FAS for anything other than day trades, ESPECIALLY with a 1-3 month timeline. ETFs are horrible for long term trades and FAS is one of the worst.
Originally Posted by jordan23collecta
i never called myself blue horseshoe lol...i was merely quoting the movie "Wall Street" ...if you havent seen that movie you wouldnt have gotten the quote...
Who in finance hasn't seen Wall Street? I made the insider trading reference BECAUSE you used that Gordon Gekko quote.
Originally Posted by jordan23collecta
IBII is the next stock i like, you can jump on the wagon or be left behind, but i would say that out of all the stocks im watching right now, IBII has the 'best' chance of having a run. and as always, each day the news/info changes, so i try my best to keep everyone posted that i can. so today its IBII, but tomorrow i could not like how IBII is looking and move onto the next one.
What exactly do you see in IBII if you don't mind me asking. There's so little information on it, I can't tell %!!#. Maybe it's my ego but I'd really like to know how you see alpha there. As for AMSZ, a lot people need to realize these illiquid penny stocks gain value because all the new buying pushes it up. Once all those buyers rush to the exits, it'll drop just as fast (if not faster) than it rallied.
Originally Posted by finnns2003
Is anyone a Tesla shareholder? They're doing a lot better than people expected, low 20's right now.
Fundamentally, I don't like the company. Technically, I don't like the chart. I ain't touching it.
Originally Posted by dbbabd
How much money should I invest in order to make a decent gain on penny stocks??? By decent i'll be satisfied with 100+ dollars a week.
Do you ask people how much you should take to the casino? Trading penny stocks is purely gambling. Making $100 return off, say, $10,000 (1% return) for a beginner isn't decent, it's GREAT. Chances are you'll probably lose money.
Originally Posted by
ooIRON MANoo
Any help on this would be appreciated,
Most of the info questions being ignored on here
Currently reading "A Random Walk Down Wall Street"
jordan23collector- Any insight on Penny Stocks would be appreciated.
I just want to know good websites/trading sites to get started. Any dudes making a decent killing can drop info/knowledge it will be appreciated.
Most of the questions are ignored because most of them are stupid questions. Everyone trades differently so no one person can tell YOU exactly what YOU need to do to learn more. Go on various trading websites, read, comprehend what you're reading, and look up anything you don't know but you want to know. It's that simple. Honestly though, try to learn EVERYTHING. That's what I do and it is definitely working for me.
