Stocks and Trading Thread - Channeling your inner Mono

[MadImmortalMan]

I wonder if you had put that $1000 into Apple back then what it would be worth today?

I bought 20 shares of Apple back when it was ~$18.   

Do you still have it? That's a nice chunk of change today.

[Admiral Yi]

Or did you take your profits when it hit 20? 

My AT&T was jumping yesterday.  I think on some merger approval news.

[Caliga]

I also have AT&T.

[MadImmortalMan]

Bank of Ireland dropped 35% today to 27 cents.


Edit: Irish gov agreed to recapitalize and stood down from the threat to make bondholders take a loss. Casino time. I entered an order to buy 15k shares of IRLBF then trigger a stop loss order of 5% once that one fires. Hopefully, there will be a spike on the news, but if not, I'll lose two hundred bucks or so. Either way, I'll likely not be hanging on this dog bank past the end of trading tomorrow.

Well, this trade never fired because the pop I was trying to catch happened before the market opened. BoI went from .27 to .46 while the NY market was still closed and my limit order was set at .30. If I'd placed the order on a market in a different time zone, I'd have doubled my money. 

Oh well. On the bright side--I don't own stock in any Irish banks.

[Admiral Yi]

Just plopped five grand in the IRA.  Planning on putting it all in SPY, but since the ex-margin date just passed there's no rush, so I'm going to wait for a dip before buying.

After that my plan is to wait for QE2 to end, interest rates to pick up, then buy corporate bonds.  Just got off the phone with a very sexy sounding lady on the ETrade bond help desk.

[Maximus]

Just plopped five grand in the IRA.  Planning on putting it all in SPY, but since the ex-margin date just passed there's no rush, so I'm going to wait for a dip before buying.

After that my plan is to wait for QE2 to end, interest rates to pick up, then buy corporate bonds.  Just got off the phone with a very sexy sounding lady on the ETrade bond help desk.

If this post doesn't get you flagged by British intelligence I don't know what will.

[Caliga]

 

[HisMajestyBOB]

I wonder if you had put that $1000 into Apple back then what it would be worth today?

I bought 20 shares of Apple back when it was ~$18.   

Do you still have it? That's a nice chunk of change today.

I do wish I had bought more.
Worse, I'm not sure when I should cash in and reinvest what I've got.


On an unrelated note: does anyone know anything about international trading on Fidelity (or elsewhere)? I'd love to buy stock in Samsung, but it's only traded on the Seoul, London and Luxembourg stock exchanges.

[MadImmortalMan]

I do wish I had bought more.
Worse, I'm not sure when I should cash in and reinvest what I've got.


On an unrelated note: does anyone know anything about international trading on Fidelity (or elsewhere)? I'd love to buy stock in Samsung, but it's only traded on the Seoul, London and Luxembourg stock exchanges.

Yeah you can.

http://personal.fidelity.com/accounts/services/overview.shtml.cvsr?refpr=brk39

[HisMajestyBOB]

I do wish I had bought more.
Worse, I'm not sure when I should cash in and reinvest what I've got.


On an unrelated note: does anyone know anything about international trading on Fidelity (or elsewhere)? I'd love to buy stock in Samsung, but it's only traded on the Seoul, London and Luxembourg stock exchanges.

Yeah you can.

http://personal.fidelity.com/accounts/services/overview.shtml.cvsr?refpr=brk39

Thanks!

Which accounts are eligible?

Non-retirement brokerage accounts at the gold commission level, which requires either:

    * 120+ trades per year and $25,000+ in household assets, or
    * $1 million in household assets

Oh. 
Well, maybe someday...

[MadImmortalMan]

From a post on Pragmatic Capitalism. The implication is that the price of crude telegraphs the market by ten years or so. Weird.



I guess we're supposed to think the market will tank again around 2017.

[MadImmortalMan]

IMO there will be a crash at some point this year, probably before end of Q2.

I still have a couple oil stocks I've been holding long-term. SLB, CVX and (sort of) KMP in particular. The two prevailing opinions are:


1-Oil is up due to demand and that is structural. As long as the economy doesn't tank, oil won't either. It will keep crawling up.

2-The increase in fuel costs will put the brakes on the economy, causing oil to go back down.

You seem to think #2 is right. It makes a ton of sense, but I'm still undecided. Here's my thinking. #2 happened to the US in 2007-2008. We all had cars already, but we started buying smaller more fuel-efficient ones. Our power plants shifted to cheaper NatGas. Now, we're all driving smaller cars and the plants are all converted. Oil going back up again. We already made our adjustments.

Then there's this:

http://online.wsj.com/article/SB10001424052748704858404576133461380779324.html

Asia. China and India seem to have strong car sales even with these fuel costs. But these aren't sales of people buying more fuel-efficient cars as much as they are sales of people who never owned cars before buying some shitty Tata or something. In other words, fuel consumption going from zero to nonzero. So I'm not so sure the oil prices we're seeing now aren't structural, and catching up to the real demand. So maybe I'll wait for news of a drop in auto sales in China/India before expecting that drop everyone is expecting.

[MadImmortalMan]

I am avoiding logging in to my accounts today. 

[Richard Hakluyt]

It's not a pretty sight.

[HisMajestyBOB]

I'm glad I haven't actually invested my IRA money into anything yet. 

BTW, since foreign earned income isn't taxable, I had no taxable income last year. Therefore I was not allowed to put money into a Roth IRA for 2010, and I have to pay a $150  fine.