OT: Anyone trading stocks here ?

Ragnarok-X · #1 June 23rd, 2004, 03:45 PM

Hi everyone,
i was wondering if anyone here is activly trading with stocks. Im trading since 8 weeks and was wondering i others are doing as well.

Im not talking about buying and keeping them for month, but rather buying and selling while keeping for only a few days.
Any items worth mentioning, anything you made good profit with in the Last weeks ?

edit: changed topic to include "OT"

[ June 23, 2004, 15:32: Message edited by: Ragnarok-X ]

Slynky · #2 June 23rd, 2004, 03:49 PM

Quote:

Originally posted by Ragnarok-X:
Hi everyone,
i was wondering if anyone here is activly trading with stocks. Im trading since 8 weeks and was wondering i others are doing as well.

Im not talking about buying and keeping them for month, but rather buying and selling while keeping for only a few days.
Any items worth mentioning, anything you made good profit with in the Last weeks ?

I own some and used to be more active than I am now but now, I'm just holding. I've learned that, for me, buying and selling stocks is like driving home in rush-hour traffic--the lane I'm in is the slowest and when I get to a lane that was moving faster, IT becomes the slowest.

Ragnarok-X · #3 June 24th, 2004, 03:48 PM

no one else ? well then this was the worst OT ever..

Slynky · #4 June 24th, 2004, 04:06 PM

Quote:

Originally posted by Ragnarok-X:
no one else ? well then this was the worst OT ever..

Don't look at it that way...look at it as a lot of the regulars don't have the money to lose (

).

Best advice I can give is something I read in a book once: Stick to what you are familiar with. For me, for example, I work in IT, so I have a little more knowledge about things in that "world". (not that it's helped a lot).

So, before I go, let me tell you a little story:

Once upon a time, I bought 300 shares of a little company on the day it went public. Oh, it seems like 10 years ago or so. It did nothing for about half a year and the $4,200 I spent looked like it was doing nothing...so I sold at a loss of about $500 and left it. That stock was AOL...and today, had I left it, it would be worth over $100,000 (with splits and growth)...

Ragnarok-X · #5 June 24th, 2004, 04:33 PM

Quote:

Originally posted by Slynky:]

Once upon a time, I bought 300 shares of a little company on the day it went public. Oh, it seems like 10 years ago or so. It did nothing for about half a year and the $4,200 I spent looked like it was doing nothing...so I sold at a loss of about $500 and left it. That stock was AOL...and today, had I left it, it would be worth over $100,000 (with splits and growth)...

doh thats really sad, or funny in a real cruel way.

Slynky · #6 June 24th, 2004, 04:42 PM

Quote:

Originally posted by Ragnarok-X:

quote:
Originally posted by Slynky:]

Once upon a time, I bought 300 shares of a little company on the day it went public. Oh, it seems like 10 years ago or so. It did nothing for about half a year and the $4,200 I spent looked like it was doing nothing...so I sold at a loss of about $500 and left it. That stock was AOL...and today, had I left it, it would be worth over $100,000 (with splits and growth)...

doh thats really sad, or funny in a real cruel way.

Yeah, the cruel way (LOL). It's all I have to remind me that I DO (or did) have some ability to pick a stock but just didn't stick with it. One of the best stocks I owned was Veriphone (and sticking to my insight as I mentioned, I was involved in some electronic transfer stuff at work and it hit me that this was a major player in stuff to come). The stock rose well and then got bought out (for a good profit).

Right now, I'm stuck in Sun and Intel (for 2 of my stocks). I almost bought 10,000 shares of Sun when it was around $2 per share but I was scared. Had I done it...well, doesn't take a genius to look at Sun at 4 right now and compute roughly a $20,000 profit.