i should also note that when i was into it, i was using technical analysis for a timeframe of 5-60 seconds

also to add to ssjamind's earlier post, don't forget a new congress (and 100 hours of dismantling our economy!) adding to the uncertainty in Q1 07 amidst the profit-takers

12/21/2006 3:08:21 PM

I just haven't been able to once find someone who can offset trading costs and taxes on a consistent basis with ANY technical analysis.

Chartists generally thrive for a time and then suffer a crushing defeat that levels their (and their clients, if applicable) bankrolls.

If I was going to rely of charts, I'd be buying calls, rather than the stock. My guess is that you're trading in non-optioned stocks, though.

12/21/2006 3:24:17 PM

for sure, the first rule i was taught was:

invest only what you're comfortable losing at first because you're going to lose it all

i played with: http://www.cme.com/trading/prd/overview_ES702.html
60/40 tax blend of long and short term capital gains rates
$4 round trip
multiples of two contracts, two ticks, repeat!

[Edited on December 21, 2006 at 3:47 PM. Reason : $$$]

12/21/2006 3:46:52 PM

NICK MURRAY BOOK....Simple Wealth, inevitable wealth.

This is a good book for the individual or family to help them realize the need for an advisor, helps them determine who would be a good advisor for them, and how to approach the concept of saving for retirement.

Another book that I really liked was The Automatic Millionaire...I can't remember the author's name.

12/21/2006 5:06:30 PM

I am happy, just started investing about a year and a half ago(i have a fin advisor)...i made 22ish percent during that time frame.....I just put down 65k more!

12/21/2006 5:22:34 PM

22% is outstanding........don't expect to get that annually....I have a interview with First Command as an advisor next week....anybody know anything about them??

[Edited on December 22, 2006 at 3:18 PM. Reason : addition]

12/22/2006 3:16:28 PM

yo i added you on facebook

12/22/2006 3:18:26 PM

yeah, i was suprised, I started the investing thing a lil less than 2 years ago. I am pretty happy, I expect it to grow unless a 9/11 type thing happens again.

12/22/2006 4:50:57 PM

Good news for TIE?
http://tinyurl.com/yasn42
http://biz.yahoo.com/bizj/061220/1393140.html?.v=1

12/26/2006 9:47:08 AM

well, I certainly hope so.

I'm down quite a bit since buying TIE.

12/26/2006 10:26:40 AM

If only I had invested all of the money from AKAM and TRID into STX instead...

12/26/2006 10:29:07 AM

For 2007, you guys should keep a running score of how much % you are up or down. I'm curious who here can beat the market so that I can properly adore and respect your accomplishments when I see your posts.

12/26/2006 10:36:40 AM

^Harder than you might think to follow.

If you put in $X in January '01 you could easily tell, but otherwise you'll be dealing with people putting in money and taking it out and dividends coming out and being invested.

Also, what do they include, if they have 50% of their NW in CDs, are you going to let them tell you they beat the market with the 8% of their portfolio they pick stocks with?

12/26/2006 1:59:41 PM

These people that seem to nearly be daytrading are the ones I am interested in. And come on, people micromanaging as closely as these people are know if they are up or down.

12/26/2006 3:37:16 PM

^Actually plenty of them don't.

They tend to remember a big score they made here or there and then they'll tell you they made 25% but paid the taxes out of a different account.

Few adjust their basis to include the transactions costs when they tell you when they bought and when they sold.

People often over-estimate how well they have done, even when they have a relatively small number of accounts and even if they trade seldom.

12/26/2006 3:43:06 PM

I have no idea how much i'm up for the year. I'll sit down and calculate that after the new year

12/26/2006 4:18:30 PM

Quote :

"I have a interview with First Command as an advisor next week....anybody know anything about them??"

I've never done business with them, but they have a BAD BAD BAD reputation. I will tell you that I've read enough bad things about them that I bristle at simply hearing someone mention them.

Basically, my take on them is that I will give the devil his due in that they get some servicemen to invest who otherwise wouldn't have, and investing with them is better than not at all...but that's about the only good thing I have to say for them.

___________________

is it just me, or is there no ticker for BMW? they're a company i'd like to watch and possibly buy on a dip.

[Edited on December 26, 2006 at 7:11 PM. Reason : afdsafd]

12/26/2006 7:09:56 PM

im up somewhere between high single digits and low double digits

12/26/2006 9:01:09 PM

think i'm gonna pick up FedEx (FDX)

i'm kinda torn on what to do with Dolby (DLB), though...on one hand, i'm up 42.5% on it...but it's a stock that I like (and I've only owned it for a few months, so I'll take a tax hit if I sell it).

12/26/2006 11:37:42 PM

I'm down a bit since I started all this in March, but that's mainly due to not selling RMBS in time.

12/27/2006 2:33:56 AM

^^^^

BMW is not traded in any of the US exchanges. It's traded on the london stock exchange as BMW.DE

12/27/2006 7:53:33 AM

just exercised some CSCO options at $27.50 (had a standing limit order)

here's the cool part:

Quote :

"Day High 27.50 Day Low 26.83"

usually, I am frustrated because my orders never execute when a stock just touches a given high.

12/27/2006 12:27:17 PM

Lucky bastard.

12/27/2006 12:52:33 PM

so the obvious implication here is that CSCO will now go up over the $28 resistance point.

12/27/2006 12:57:23 PM

cracking a beer to Honda (HMC) up nicely
cracking the booze to Best Buy (BBY), down nicely

but the portfolio's doing well, so enjoy the buzz

12/27/2006 8:38:02 PM

Watch AAPL drop a bit tomorrow...
http://www.mercurynews.com/mld/mercurynews/news/local/16331048.htm

12/27/2006 10:54:35 PM

I already posted about this in old school, but nobody has replied. Anybody in here work for/with or at least interview with fidelity? I have an interview with them in a couple weeks and want to find out more about how people like working for them and the culture they have.

12/28/2006 6:46:02 PM

Apple opens way up on news that Jobs is cleared of any wrongdoing in the latest mini-scandal.

Last [Tick] 84.28[ - ]
Change 3.41
% Change 4.22%

Ok, this is a few days premature, but AAPL is one of my picks for 2007. They're leading the way in content delivery, already owning the market in digital music, as well as being the first and biggest player in digital video downloads. They are well positioned to take over the role of becoming the king of all media (sorry Howard, you're obsolete).

I think their I-Pod related growth is nearly squeezed dry, so AAPL will have to get profitable in the digital media market quickly to maintain/accelerate their current growth. AAPL is also slowly gaining market share in the laptop/desktop market as well, but I doubt it will significantly affect their bottom line in the near term.

12/29/2006 10:20:09 AM

This has been a downer week for me.

12/29/2006 4:21:10 PM

Hmm...this should probably go in a 2007 thread, but that's ok.
Sometime within the next few weeks I'm planning on selling some stock to buy some things, perhaps $2,000 to $2,500 worth of stock. Trying to decide what to sell...

My options are:
GOOG (bought at $343)
MS
GE
STX, although I'm hoping it'll go up a bit more in the near future.
Combination of DIS & SO--I don't have enough in one stock but combined they'd reach the goal.
I'd like to avoid selling TIE right now--hasn't gone up enough to suit my greediness. I'd also like to avoid selling TRID, since it's at a loss at the moment.

MS, GE, DIS, & SO are all, unfortunately, in a full service brokerage account and I don't have the basis price. For all I know I could be selling them for a huge gain (read: taxes...), plus the commission taken out will be $texas.

I've gotten a pretty nice run on the GOOG but I only have 10 shares so unless it spikes a lot, I won't be making a huge amount of money off it anytime soon.
The MS would probably be alright, along with the GE, although I've got enough GE that reinvesting dividends year after year is nice. I don't have enough DIS or SO to seriously do much for reinvesting dividends...


Thoughts?

[Edited on December 31, 2006 at 2:31 AM. Reason : ]

12/31/2006 2:30:09 AM

why don't you just keep it all. If you don't own any specific stocks that you feel are grossly overvalued and you don't have any investments out there that you know are underpriced, then save your commissions and taxes and let it all grow. Don't just make changes just to do it. Follow the Buffett model and buy great companies for cheap and hold them for a long time.

12/31/2006 10:18:18 AM

I'm not making changes just to do it, but I'm making changes because I need the money to buy a few things I'd like to have. It'll help support my scuba habit, which can be expensive, especially when you start getting into the more technical aspects of diving.

My plan was to sell some stock now, buy the gear I need, and over the next few months after I get a job I'd pay myself back. I'm not worried about the money aspect at this point, just trying to figure out which to get rid of. Either way, in the long run I'd either buy that stock back or contribute to my retirement account in the amount that I sold.

12/31/2006 1:23:29 PM

from my picks in the first post, i returned +18% for 2006
(with all stocks equally weighted)

the biggest winner was RNAI with over +300%
followed by CELG [+81%] and CTSH [+54%]

the biggest loser was ASTM with -50%
followed by IDIX [-44%] and SIRI [-43%]

the median picks were a little less than breakeven

it turned out to be a case study in portfolio theory: a couple of them carried a lot of the weight - enough to have a decent return, many bled, the rest were spread out fairly evenly in between those dimensions.

in a little while i will list my picks for this year in the 2007 thread

1/2/2007 12:03:35 PM

***interuption***

I am here today to ask for some help from you all. I would like to beging investing in the market but am not real sure where to begin. Basically I have done rather well in the sports betting arena this year. Nothing crazy but I pulled out my initial investment long ago and have been working with profit ever since. This is the capital I would like to invest. Seeing as it is extra money that I did not have anyway.

I guess I have quite a few questions. Who should I invest with? Use a company like Ameritrade or no. Where do I acquire advice about up and coming companies? Where is a good place to just learn about the subtleties of the market? A specific book, a website, a person. Should a portfolio always be diverse to limit losses? I just imagine that to be a low risk low reward situation similar to sports gambling. Bet $500 on x to cover the spread and you get $500 profit or loose it all. bet $100 on a b c d and e and you more than likely wont get every bet correct but you wont get every bet incorrect either.

If you have read all this I appreciate it. Any advice would be great. I guess PM me with any helpful data or IM me. I'll keep checking back to see if there is any info as well as do research online and ask around.

[Edited on January 2, 2007 at 7:44 PM. Reason : .]

1/2/2007 7:43:13 PM

You may want to repost in the new thread.

http://www.thewolfweb.com/message_topic.aspx?topic=453056


[Edited on January 2, 2007 at 8:39 PM. Reason : ]

1/2/2007 8:39:07 PM