^^
Great actually ... I mentioned selling it 4 weeks back, but all this debt mess has kept me from repurchasing yet (even though I still like the entry here).

Was up yesterday with a down market ... I want to see the market show a bit of optimism before I buy back in ... no point in fighting the overall market trend.

Direct TV is doing a huge promotion right now for its HD in every room for free. These boxes all use ENTR's technology (1st gen) to pass data between rooms using existing coax already wired in the house.



[Edited on November 23, 2011 at 8:17 AM. Reason : .]

11/23/2011 8:11:23 AM

Quote :

"I said not to get involved with Groupon, LinkedIn, or Pandora. They are all dogs. "

Why not get with them if they are all dogs? Looks like every decent Internet startup that goes public is heavily overvalued. Buy on the first day, then sell about a month before insiders are allowed to sell their shares. Odds are probably good that the stock price is higher than it was when you first bought it (even significantly higher at that), and you can rake in a good profit at the stupidity of others.

I'm by no means a stock expert, so feel free to ridicule my logic.

11/23/2011 10:06:37 AM

I went back and looked at AMZN, GOOG, NFLX and they were all lower 1 month later than their IPO.

11/23/2011 10:35:55 AM

Maybe it's a better idea to buy in quick, then sell after a week.

11/23/2011 10:53:03 AM

I've never shorted a stock in my life.

I'm considering shorting GRPN. This turd is going to get flushed soon and I don't want to miss it.

How do I go about doing this?

11/23/2011 11:05:52 AM

Assuming your broker allows you to do it, you just sell shares you don't have (the borrowing of those shares happens behind the scenes to you). Then when you are ready to close the position you just buy-to-cover.

11/23/2011 11:19:19 AM

Looks like I'd need a margin account with Scottrade. Hmmm....

11/23/2011 11:22:41 AM

Typically you do, it's so they can force you to cover when you've exceeded the margin level. This is where if you had the ability to trade options you could do it without needing margin, when you buy a put your liability is limited to the cost of the put.

11/23/2011 11:33:01 AM

I don't understand why stocks keep going down they are so cheap!


Oh yeah global chaos.


From chaos comes clarity, I tell ya
what you appear to be, you ought to know
glycerin tears don't fool me, I tell ya
delusions plaguing everybody

11/23/2011 12:10:36 PM

Do you have aspergers?

11/23/2011 12:12:43 PM

I have some other automatically funded and managed retirement accounts like a Roth IRA and a 403b, but I just opened up my first real investment account with Sharebuilder that I plan on managing myself. Mainly buying and holding good companies that I've researched with a lot of cash on hand. Nothing crazy like shorting or put options. I haven't funded the account yet. Plan to do so this week.

What is a good amount of money to start with?
What are the tax implications given the strategy I mentioned above? I don't want to be hit with a big tax bill every year.
Does anyone have any decent companies to research? I'm looking for steady growth over a 5-10 year span.

11/28/2011 12:04:15 PM

Dick Bove is a disgrace to humanity.

The bank stocks have been getting crushed while he's been out shilling for them again all year telling poor suckers to buy them knowing full well they'd get destroyed.

Look at his latest ridiculous excuse:

Bove: Why I was wrong:

"I failed to understand that the fears in the market concerning banking were so great that the fundamental improvements in the economoy, the industry, and companies like Bank of America and Citigroup would simply be ignored."


That is just laughable. There is no way he can say with a straight face that he thought the economy, industry, and those two banks in particular were improving. Who in the world would beleive that?

And I got this off Fast Money Halftime report but i bet ZH picks it up too so you can claim i got it from there

11/28/2011 12:13:23 PM

^^

I usually buy in $1000 lots. That way the trade fees don't eat up your investment, but at the same time, if it tanks after I buy I can buy in again to lower my cost basis. As long as you hold at least a year you'll only pay long term cap gains. Most likely 15%.

11/28/2011 2:59:16 PM

You guys got your gold yet?

Obama announced we are going to bail out Europe. I told you he wasn't pro-US citizen. He's part of the banking cartel to the core.

Guess that means QE3 is upon us. Probably time to close out my shorts again since they wont let the stock market reach an equilibrium.

Nothing like more unemployment, more inflation, and less savings and production to really jumpstart an economy. Can we get another Economist in here explaining how if things cost more and people pay more for them then GDP goes up again?

Personally I'd like to see a segment where they focus on the higher demand for motor vehicles if more people have to sleep in them at night. Or even something like well if more people cant find a job to attend during the day they have more time to shop during the day and increase retail sales.

Maybe we can import McDanger from the soapbox for some more smokeblowing if we run out in this thread.

[Edited on November 29, 2011 at 7:27 AM. Reason : a]

11/29/2011 7:24:24 AM

sold some of that TNA & TYH i bought last week

11/29/2011 3:33:52 PM

Question for Face. Why are you trying to break in to an industry that you think is dying? Doesnt seem like getting an MBA to work in finance would be a good investment if you think the world is imploding and the banks are insolvent.

11/30/2011 7:35:04 AM

http://www.forbes.com/sites/greatspeculations/2011/11/29/how-i-used-the-january-effect-to-make-money-in-23-out-of-30-years/

Quote :

"Some of the stocks on our list at The Arora Report are PNSN, WFR, RIMM, ILMN, BAC, MS, GM, F, HPQ, GS, CLWR, CWTR, HGSI, DNDN, HCBK, NFLX, NTAP, PWER, JDSU, SONS, TLAB, MU, MRVL, NXPI, SWKS, NVDA, OVTI, RIG, CIM, ANR, PCX, SPWRA, TSL, STP, LDK, AONE, RF, SCHS, WBMD, ZIP, COCO, CECO, OZM, GSL, MVC, DGI, and CRY."

Let's see how these do by the end of Jan12.

11/30/2011 10:29:43 AM

picked up some $tza pre-market this morning at $29.95.

11/30/2011 11:44:22 AM

Ouch

11/30/2011 12:19:13 PM

That's a good question with a complex answer.

1) I'm already pretty far down the road and I enjoy finance and its a potentially very lucrative industry.

2) The CURRENT banks are dying. If we allowed them to go bankrupt new banks would spring up and take their place very quickly. My hope would be to flush all the bad debt from the system and start anew, rather than try to land a job at a bank that is controlled by the government. (but i dont call the shots on this one so i may have to settle haha)

3) Finance is much larger than just the banks. There are small shops, hedge funds, private equity, etc to work for as well.

4) What other sectors would you suggest trying to break into? Certainly not most manufacturing or sales gigs. I have zero interest in healthcare (that's the best industry to go into right now). Accounting is a good way to go and after getting a CFA and/or MBA it wouldn't be difficult to add a CPA designation if I wanted to. I don't have the brain or interest for scientific or computing fields, i'm relegated to finance/stats/econ/etc.


Finance will always exist. NYC may cease to be the capital of the world one day, but you can bet it will exist in some location somewhere.

11/30/2011 3:13:56 PM

You won't realize your career goals if your end of world predictions come true. I understand the desire to purge the losers - easy to say; impossible in practice. Hedge funds or PE cannot operate without large, global institutions that facilitate trades and make markets. I'm working in NYC at one of those large firms and still think finance is good career choice.

11/30/2011 4:26:05 PM

Sell Futures back up ten bucks repeat. Nothing changed, endgame is the same. This is just confirmation that at least one large institution was going to fail this week, it shows the panic in the eurozone. How do swaps help debt from rampant overspending? Finally what toxic shit ended up on the fed balance sheet as a result of the latest round of tricks, and how much $$ did those in the know make gaming our "free markets"? God bless the Gamma.

11/30/2011 9:08:53 PM

What are some websites or blogs you read for market outlook information? Specifically news on emerging markets. I've tried random google searches, but a lot of garbage comes up.

12/1/2011 6:02:47 PM

the US bailing out European banks will lead to nothing but higher inflation

this is kicking the can down the road and creating a bubble to cure a busted bubble

12/1/2011 8:40:35 PM

some more of my TYH got sold yesterday.

we hold today and close north of S&P500 1270 anytime this week, and we might be off to the races into the year end.. extreme macro/geopolitical black swans notwithstanding ofcourse

12/6/2011 10:49:40 AM

McClatchey (owners of the NandO) up 40+% today
http://finance.yahoo.com/q?s=MNI

the fuck

12/7/2011 11:32:37 AM

^ look at the charts and volume - wouldn't take much news to move it that much.


also, some dude on Fast Money Halftime Report just called Citibank, "Shittybank"

12/7/2011 12:27:27 PM

WTH is behind AMR surging the past two days? Is there an actual decent chance the stock won't be canceled through the bankruptcy?

12/7/2011 1:14:28 PM

seems like i set some kind of limit or stop to sell the rest of my TNA yesterday...missed today's rally with it.

still have the TYH though.

12/9/2011 2:27:13 PM

^^ not sure how to game AMR, but there are some opportunities for bankruptcy arbitrage there. i just don't have time to watch it.

12/9/2011 2:32:01 PM

http://www.bizjournals.com/sacramento/news/2011/12/08/mcclatchy-outlook-ad-revnue-improves.html?ana=yfcpc

12/9/2011 6:52:55 PM

eff, today was rough. I need PEP to go up another dollar or so.

12/12/2011 7:53:40 PM

down volume didnt seem that bad and vix didnt run up that much...

tomorrow could bounce back just as hard..

12/13/2011 12:30:47 AM

How is everyone feeling about the Zynga IPO on Friday?

12/13/2011 12:40:28 PM

About the same as I felt regarding the groupon IPO.

12/13/2011 9:35:40 PM

ditto

12/14/2011 12:03:19 AM

I like the CEO though. I think he will keep it profitable.

12/14/2011 9:28:59 AM

booked $tza profits today.

12/14/2011 1:01:07 PM

Dont forget to convert some holdings to gold today guys before its too late

12/14/2011 4:20:23 PM

What good will all that gold do you if all world markets collapse?

12/14/2011 4:42:35 PM

face has evolved to a point where he can subsist simply by being in proximity to gold.

12/14/2011 4:47:50 PM

I dont understand your question.

We're down to the last few months for Europe and Japan. We're going to get hard defaults and then printing.

I told you the bailout plans were a ruse. There's nothing behind them. It's over.

12/14/2011 4:57:31 PM

Quote :

"Dont forget to convert some holdings to gold today guys before its too late "

You've been telling this since gold was at 1700 or more.

12/14/2011 5:04:26 PM

12/14/2011 5:52:36 PM

gold can still go lower before it resumes its trend upwards

12/14/2011 6:30:42 PM

I've been buying and advocating buying gold since it was at 775 also.

There's a reason. I've done the research. We're getting hard defaults in 2012.

I've never said it won't go down in this environment. Quite the opposite. I said it will definitely go down.

If I knew when the massive printing would take place I'd hold cash until the day before it begins and then go all in.

But since I'm not Nancy Pelosi and don't have inside information to act on, I buy every chance I get.



[Edited on December 15, 2011 at 2:48 AM. Reason : a]

12/15/2011 2:46:25 AM

Quote :

" I said it will definitely go down."

I don't actually recall that, which page was it? How much are you down from the buys of gold you've been doing over the past 3-6 months?

[Edited on December 15, 2011 at 6:56 AM. Reason : .]

12/15/2011 6:55:19 AM

My problem with gold in a collapse scenario: You can't eat it.

12/15/2011 9:12:34 AM

http://seekingalpha.com/article/313868-low-euro-will-end-the-crisis

12/15/2011 12:00:57 PM

Poor John Paulson

12/15/2011 12:59:42 PM