Stocks and Trading Thread - Channeling your inner Mono

[MadImmortalMan]

This etf for dividends looks pretty good. SDIV about 23 bucks. Yield over 6. I think I'll put some of the retirement money there.

[MadImmortalMan]

Since I'm looking at the retirement accounts, I should mention that the best mutual funds in there have been Fidelity New Millennium and American Century Midcap Value fund. Earning 55% and 59% respectively. Tickers FMILX and ACMVX.

[Monoriu]

200 more shares of T.

Took a look at preferred stocks.  The higher yields are heavily dominated by energy companies. 

I really hate the American pricing system.  Each share is so expensive.  A share of T costs US$33-34 or so.  The price per share is usually quite high. 

In HK, the price of the blue chip stocks is usually between HK$1-100, or US$0.2-US$15.  The mainland Chinese banks for example are usually priced at below US$1 per share.  ICBC, the bank with the higest capitalisation, is priced at around US$0.7 per share. 

What this means in practice is that I can yell "I just bought TEN THOUSAND shares of ICBC" rather than "I just bought two hundred shares of T".  See, the former is much more bombastic and cool 

[Admiral Yi]

I used to own FIFTEEN THOUSAND shares of a bullshit Canadian penny stock, but then I sold TEN THOUSAND shares and only have FIVE THOUSAND left.

[Monoriu]

I used to own FIFTEEN THOUSAND shares of a bullshit Canadian penny stock, but then I sold TEN THOUSAND shares and only have FIVE THOUSAND left.

But ICBC is not a penny stock.  It is probably *the* bank with the highest capitalisation in the world right now.  Or one of the highest. 

[Caliga]

I used to own FIFTEEN THOUSAND shares of a bullshit Canadian penny stock, but then I sold TEN THOUSAND shares and only have FIVE THOUSAND left.

I used to own 1.86 million shares of a bullshit penny stock, but then it did a gigantic reverse split.  Now I own 7.

[Ed Anger]

I never could pull the trigger on a penny stock. Instead, I bury silver in the yard.

[Caliga]

I never could pull the trigger on a penny stock. Instead, I bury silver in the yard.

You're much better off.

[The Brain]

I never could pull the trigger on a penny stock. Instead, I bury silver in the yard.

Your yard must be a regular Potosí by now.

[Tonitrus]

I never could pull the trigger on a penny stock. Instead, I bury silver in the yard.

You're much better off.

I have a couple penny stocks that are worse off than being buried...but they're at the point where there is no point in selling them, and one of them (a bio-pharm company) has a glimmer of prospect in turning around in a big way.

[Admiral Yi]

Market has been taking a beating last couple days.

[Caliga]

Market has been taking a beating last couple days.

Yes.  I r sad.

[Admiral Yi]

Digging out of the hole. 

If anyone comes across an article with a reasonable explanation for these periodic 5% downswings, I'd be interested in reading it.

[Admiral Yi]

Losses made good again. 

[Admiral Yi]

I've never seen the market as flat as it is today.  Nothing in my portfolio is budging.  It's like every single investor out there is waiting for some big news.