Looking into stocks (Seirious only inside please)

[slow99]

I thought I wasn't that interested until now. LOL

You damn tease!

I also find it hilarious to be at work and hear somebody ask, "What does the street estimate?" We are the street, lmfao!!

[Broncojohnny]

You must have read the story about the tortoise and the hare.

Is that the one where the hare gets raped in the mouth in years of a downmarket?

[slow99]

Is that the one where the hare gets raped in the mouth in years of a downmarket?

Lmao

[davbrucas]

I'd also say this. I get paid a lot of money to be an objective analyst. Whenever something seems blatantly obvious to me, rather than say, "what the fuck is wrong with everyone?" I think, "what could I possibly be missing and need to investigate further?"

This happens in medicine as well.

[davbrucas]

Is that the one where the hare gets raped in the mouth in years of a downmarket?

Not quite the lesson I was going after, but that does sum it up nicely.

[Denny]

[Broncojohnny]

Unless you have some solid knowledge about a specific stock or industry you're planning on buying into, don't waste your time. of those stock symbols you posted in the OP, do you have some reason for thinking they're a potentially good buy, other than they're cheap?

When I was working in Dallas, a few of us all put in $500 into Scottrade accounts just to see who would come out best. The guy that lost his money first just pulled up a "market movers" chart and bout random cheap stocks off of that. LMAO!

I would love to here some real stories on true success from a random person jumping in.

Oh, and like Dave said... no Scottrade and penny stocks! LOL I guess he is one of the ones that didn't read the fine print too. Those fees will get ya.

<---Never bought a stock under $1 (but never needed to either).

And honestly, I'm almost completely out of the stock market, as good of a time to jump in right now as it is. It is just completely out of my thought process now. I made some good moves with F and AIG, but I didn't have patient money and sold at a good profit, yet could have made more. I've had a few hits and misses, but in order to do what I'd really like to do, I'd need a lot of money in there- something I really don't want to commit to right now. I think I need more faith in the dollar's future in order for me to sacrifice dollars in order to make more dollars.

The reason why this happens is that people can't tell the difference between an efficient business and a turd. Look at this thread as a wonderful example. How many people here offered any sort of quantitative analysis of anything? The answer is not one of them. Every person in this thread said they bought shares in XYZ company because either:
A) Someone told them to
or
B) They "feel" like the shares will go up in value.

This is why slow99 shakes his head. Not only that but people fail to make the connection between share price and value.

If I told you that you could buy a Subway franchise down the street. Or a McDonald's or a pizza place or any business, what is the first thing you would ask? Probably "How much does it cost?"

What is the second thing you would ask? Easy again, "How much money does it bring in on a net basis?" If the place is for sale for $100K it may be a respectable deal if it turns a $20K profit per year. If it is for sale for $60K then that $20K profit becomes a lot more attractive.

People fail to do this simple analysis of a share that they buy. And because of it they fail to see that a share of stock that is great at $20 is even better at $15 and completely sucks at $30.

That is just one reason why people buy shares of stock that are complete shit, at prices that are horrible. Then they wonder why they lose money and become disillusioned with the market.

[davbrucas]

I agree...I didnt offer any advice other than I did because I know there are more qualified people to give such advice on here...and they way I approach the market may be different than what he is looking for.

[Denny]

This is why I have come to the understanding (not sure if it is completely true or not, but it is to me), that the only real money to be made in the market is through commissions and moving a shit-ton of volume, not really buying a particular stock for yourself.

[Broncojohnny]

I agree...I didnt offer any advice other than I did because I know there are more qualified people to give such advice on here...and they way I approach the market may be different than what he is looking for.

I'm not being critical. For all we know anyone's advice in here could be fantastic because share price is determined, in the short term, by hype and bullshit. That is why I like to listen to anyone and everyone. So if someone says Ford is going to $50, well I'd say that is possible, although unlikely. But stranger things have happened and will happen again.

[davbrucas]

This is why I have come to the understanding (not sure if it is completely true or not, but it is to me), that the only real money to be made in the market is through commissions and moving a shit-ton of volume, not really buying a particular stock for yourself.

Yup...one trip to my friend's mansion is proof that managing multi-million dollar funds is much more profitable than investing yourself!

[Broncojohnny]

Yup...one trip to my friend's mansion is proof that managing multi-million dollar funds is much more profitable than investing yourself!

It is a totally seperate topic but it completely possible to lose millions of dollars managing money and get rich while doing it. I see it every day at work and it makes me sick.

[Denny]

The video I posted above is proof that some cannot fail and some cannot gain... ever. GS's blatant SEC violations are just LOLable nowadays.

[Broncojohnny]

The video I posted above is proof that some cannot fail and some cannot gain... ever. GS's blatant SEC violations are just LOLable nowadays.

People who invest any of those deals are adults, if they want to put their money into some sorry ass deal even after Goldman dicloses the way they are going to handle it, they should be free to do so. And GS will put it right there in the prospectus for the world to see.

[Denny]

I also get this kind of crap when trying to research my own interests:

http://thehardrightedge.com/2011/01/30/50-physical-silver-by-april-2011/#

It's everywhere.