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What stock would you buy and why?

Squidly McSmearstain said:
I want to buy some sotck for a long position.

My initial inclination is to be simple and buy shares in an index fund with low fees.

I MIGHT be interested in being somewhat aggressive with a LITTLE bit of money.

Any suggestions on decent index funds (domestic) and/or suggestions on being a bit of a gambler (domestic or international).
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I keep the majority of my stock money in global index funds, like ACWI and VT. Right now I don't hold out high hopes of much in the way of returns over the next few years, though. Make sure you keep an appropriate amount of funds in cash or cash equivalents like money market funds...I use a simple formula where I keep a % of money equal to my age in cash.

I also have about 10% in gold.

It's considered "conservative" but it was a lot better than being fully invested over the last ten years was.

I stopped trying to pick stocks when I realized I wasn't especially good at it. Be realistic about measuring your own performance.

EDIT I would own some bonds but current rates make owning bonds pointless. All the rate risk and no meaningful return.
 
Marlowe said:
Please, I've worked for 3 companies that Malone and company let go under.

They would LOVE for them to go under...so they can shed all that debt and buy it back up cheap.
Business is way too capital intensive to make money any other way (See: Iridium.)

Keep in mind, they are preferred shareholders -- the common holders always get screwed, they might recover something, and they can certainly make it back after SIRI joins the 7/11 club.

If you want to play the penny stock spread, by all means, but the OP asked for long term investments. Going long in SIRI is pissing your money away.
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SIRI at $1.09, up 88% since that Oct post.

Everything you said made sense but markets often don’t. It was a speculation and it worked out (for now).

But I’m betting it see’s $1.50 before it sees $0.50.
 
I'm looking at more stocks offering dividends these days.

anyone look into WIN before? sounds too cheesy, but the dividend is quite large...
 
Bowling4Bikes said:
I'm looking at more stocks offering dividends these days.

anyone look into WIN before? sounds too cheesy, but the dividend is quite large...
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Dividend plays are just as risky in this economy really. Who says they dont just cancel or reduce the dividend.....
 
Mr.Furious said:
Dividend plays are just as risky in this economy really. Who says they dont just cancel or reduce the dividend.....
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I totally agree, but yet they haven't dropped the dividend all last year (which I would consider a prime time to drop it). I've been watching that mofo for months now, and I'm (financially) ready to make a decision on it.

the only thiing stopping me now is that I still feel (no real data supporting) that we're in for another, large, downturn. and I wanna keep the cash.
 
Var said:
Buy penny stocks. Screw turning 5 grand into 5500. At that rate I can just be thrifty and just save that $500. Turn 5 grand into 500,000 or lose it all in a glorious alcohol induced fireball.
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This.

Check out Javelin Pharmaceuticals (JAV). I'm just a small-time dabbler. I have a feeling this one is going to blow up and up and up. They just received FDA approval for a new intravenous pain medication. It hit the shitter after I bought the stock, after getting rejected during preliminary testing. But now they seem to have dialed in their product, and with FDA approval could begin to develop into something lucrative. I'm hopeful. :thumbup
 
I don't know about stocks in general. I believe in low cost index funds and this mentality served me well.
 
I bought a fairly large put position for Toyota (TM). I have a 12 month cycle figured in. I believe they'll be in the mid to high 50's in 12 months.
 
Blankpage said:
SIRI at $1.09, up 88% since that Oct post.

Everything you said made sense but markets often don’t. It was a speculation and it worked out (for now).

But I’m betting it see’s $1.50 before it sees $0.50.
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It's always wise to take profits after big rallies.
I should have taken that advice.:mad

There goes the cost of a new bike.:(
 

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Holeshot said:
I bought a fairly large put position for Toyota (TM). I have a 12 month cycle figured in. I believe they'll be in the mid to high 50's in 12 months.
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If I was younger.....I'd put Toyota and go long Ford.
 
Blankpage said:
It's always wise to take profits after big rallies.
I should have taken that advice.:mad

There goes the cost of a new bike.:(
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Meh, maybe it'll find support at .82 and take a bounce in your favor, you never know. I just found this thread and enjoyed reading your support for penny stocks. They're high maintenance though, you need to be bouncing in and out at every indicator, watching the news every day etc. I really liked SIRI hitting .10c in Feb '09, and hitting $1.12 Feb '10, making 11x your investment isn't easy in a year lol. Speaking of that, wish I woulda been in on CIT in early Nov. '09.

Don't let this one die guys, keep the info coming!
 
Ehh, 11x on a long shot doesn't sound as good to me as more than 1x with basically no risk.

UNP 52week: 33.28 - 68.66

:laughing

I knew plenty of people trying to time SIRI that pushed it on me and most of them lost and asked me for long term suggestions.

No reason to be greedy, and having investments you can just let ride keeps the blood pressure down. :laughing

But I'll look around and see what else looks good this week.
 
No no, don't get me wrong, penny stock trading would be very stressful with anything more than 'throw away' amounts of money. Your UNP worked out great, great return, and fewer ulcers!
 
Bought Brk.b at 69...went to 75 and sold thinking it would go down on a Friday.....that was a week ago and now its 81. :mad
 
The past 52 weeks doesn't prove anything about where to go from here. I got into several stocks that are now up more than double since I’ve gotten in last spring:
FCX
X
PCX
GSS
I’m not going to give myself a pat on the back, the market itself is up ~60% in the past 52weeks so it wasn’t too hard to land a double. The easy picks are over.
It’s just a little rough to see how much my market value in SIRI is down from it’s high, but I'll get over it. I got in at $0.17 so I’m still way ahead, pulled my initial investment out so I’m willing to let the rest ride.

Along with the winners I’m still holding some losers. I don’t know what’s worse, selling at a loss or selling before a huge rally and missing out. I bought BAC at $4 and sold at $6. It’s now over $16.

You pay your money you take your chances. No guarantees.
 
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