what other stocks are you guys buying or planning on buying?
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what other stocks are you guys buying or planning on buying?
i have had EL estee lauder (wifes pick) for years. Right before the crash they announced a great quarter or something and spiked to $52, right now its at $29.
I might take half that money from the intraday discussion and put it into them...
im playing lvlt, its been hammered alot like sirius, it jumped 9 percent today. im still waiting for kraft to get over 30 so i can sell, and im playing syut, that chinese milk company who got hit hard by that milk crisis thingy. I just recently got rid of jcp and csco.
Im a trader more than an investore.. I bought the qid this a.m. covered and went in qld end of day and I am hloding as I think we get a little rallytill x-mass..
look at auy ,ge as longer term and aapl at 85.00,rimm at 40.00 as swing trade, and sirius xm after we pay off feb debt with dillution..:thumbup:
I also have some speculative money in the terrestrial side of the business. Citadel Broadcasting, symbol CDL. It is a bargain at it's current price if they can manage to pay off there debt over the coming years. I had some bank stocks and got burned on them but got out before the bottom really fell out.
The safe money is in AT&T and Qwest. Both have seen a drop this year but both pay good dividends. I won't get rich on them but the lower the price the more shares my DRIP buys.
I think AAPL and MSFT are dead money... Until Steve Jobs can come out with something that rivals the ipod and iphone, there really are not a whole lot of catalysts out there for AAPL. Sure, once the market recovers, everything will start going up again, but I think there are probably better plays. I have been researching alternative energy plays, but nothing seems to be going right there either.
Some of the bigger plays can be found in pharmacuticals, but those are so speculative that a single drug can bankrupt you or make you set for retirement.
One of the biggest questions I ask myself is this: What companies have been hit the hardest by the economic slowdown, which when finished, will have the most to gain? The answer: Housing and Automobile Manufactures. Of course, now is not the time to be investing in those. I think come March or April it may be a different story.
what are some good housing plays? i researched pharmacuticals but couldnt find anything i felt comfortable with, everything was either too expensive or too cheap. An alternate energy play my friend is always harping about is bfre, they deal in ethanol, have recievd quite a bit of money from the goverment to open plants, there in the middle of building a big plant right now, supposedly when they get it finished they'll shoot up. I hear there going to be making fuel out of quite a few diff things, supposedly there's all kinds of waste there planning to turn into fuel. Personnaly I dont think ethanol is going to take off, but i could be wrong. You should obviously research yourself cause i havn't, and im only going on what my friend has told me.
I have never liked the ethanol play, and let me explain why:
I purchased a Flex Fuel vehicle earlier this summer, when gas prices were through the roof. I researched Flex fuel after I purchased it. For those that don't know, Flex fuel (E85) is 15% gasoline, 85% ethanol. Now, granted that at the time I lived in an area where technology doesnt come around nearly as fast as most places. I have since moved, but TO THIS DAY, there is only one gas station that offers E85. The next closest gas station is over 90 miles away.
The reason why I never have bought E85 is purely economical. E85 is mostly ethanol, which means it burns much cleaner, but also much hotter and much faster than regular gasoline. Your fuel economy is reduced around 25-30%, depending on driving habits. The problem is that while Regular Unleaded was selling for an average price of $4 per gallon, Flex fuel, which offers 30% less fuel economy, was selling for around $3.59. You save 10% off the price per gallon, but lose 30% in fuel economy? No thank you.
Now, the big pushers of E85 is, of course, the government. The main way to bring the price of E85 down is to lower the price of ethanol, which is not good for ethanol producers. The early players will win big for a SHORT while, but as soon as government money starts flowing and all of these companies start opening refineries and producing ethanol, margins will quickly drop and the profitability for these companies will vanish quickly.
When I talk about alternative energy, you have to look into companies that deal with truely natural energies, such as solar and wind.
Like I said, pharmacuticals are very tricky, and I don't know if there is a good one out there right now worth the risk.
There are no good housing plays right now. You will have to wait until the 2nd quarter of 2009, at least. Actually, it is not housing manufacturers that will be the initial winners, it will be the sellers. Ignore companies like KB homes and such until the inventory has dried up of existing homes, unless you are going out of the US. Research companies like Homex (Ticker HMX) which deals with housing in Mexico.
Ok, there is one company that I will throw out here, but I will also add the disclaimer that I do have some speculative money in this play as well:
Consortium Service Managment - Ticker is CTGI.OB.
It is a bullitin board stock, which is the first no-no.
It is a penny stok, which is no-no number 2.
It has ZERO revenue - Three strikes, your out.
BUT, since I had mentioned Pharma before, this is basically the same thing. They are on the verge of US FDA approval for many of their instruments that were researched out of the US. Being in the healthcare industry myself, I know more or less what they are talking about, which makes it easier for me to understand the business. They also deal with renewable energies. Although I like both sectors, one company being in both also worries me: strike four?
This stock was my first 4 bagger, as I purchased at 0.32, sold at 1.45. It has since given up all of those gains, (though I missed the 52 week high of 2.39), and is now back down to 0.34. I am in at 0.50 a share right now, considering adding more if the stock continues to fall with virtually no news.
thx for the infoill look into it, ad yea i agree with you on ethanol, its not going to be the long term solution.
any1 playing lvlt? made a huge move today up 11 percent atm, feeling good about my choice atm :O
actually it just closed up 16 percent, whoa :-)
dont knowe if any1 is checking this but lvlt is up again for the the sixth straight day at 1.16 this is from a low of 63 cents on 12/30, never would of thought it was capable of climbing like this, hopefully sirius can show the same kinda gains here soon since i think they are both stocks that have been brought down to the point of being way way undervauled due to speculation
I have a few hundred shares of LVLT, as you all ready know, and it is doing really well. I think it went up to 1.62 and then came back down to 1.49? Friday was such a weird market that it is hard to get a handle on where LVLT is going. The late afternoon trading wasn't so much of a buy down, but it was a matter of people not buying. There is one big trader in there that keeps buying at odd cents and then it causes the sellers to sell.
Like the stock is 1.42, the trader will buy at 1.4202 (which is smart on his part), but then the sellers go, ok, let's sell at 1.41 and the price is dragged down.
There is one guy in there that does this all day long, every day, and buys huge blocks of stock. He must be buying for somebody big and wants a chunk of the company, because he never sells.
We've had a pretty good run on the uptrend, and I hope that it keeps going, but some are saying that it could get choppy for a while. We will have to see.
What are some of your observations, if any with this stock?
Thanks,
Bill
First, before I say anything, I would like to give Tripping the credit for bringing up LVLT on this forum. Yes, I have had stock in LVLT, but he was the first to note this stock here. LVLT is a well known company about 15 miles from my house.
I just thought I would kind of give some utterances on this stock since I have been talking about it since Tripping brought it up.
If you look at the chart, LVLT has been in explosion mode the last five trading sessions, so just in case you happened to pick some up, or are thinking of picking some up, I think there could be a possible change for a while in direction. I could be completely wrong and my sensors could be completely out of whack, but it sure wouldn't be the first time.
LVLT may be overbought for a while and might start getting shorted, but what can you expect after a hell of a 5+ days of bullish buying in a market like this?
We could get a lot of shorting, but maybe we'll go sideways for a while. If we end up with another bullish day, I would be surprised (and very happy!). Long as the DOW stays above 8500 and the NAS stays above 1500 we could be in pretty good shape (Just my own dumb opinion).
I don't think that either can stay where they are at for too much longer, so hopefully we will be moving on up.
yea lvlt has calmed down abit, no clue where its going short term but hopefully it wont drop much further than it has today. Noticed the volume is now below average from heavy so i dont think its gonna jump up again like it did last week. A steady gain would be nice.
Sidelines mode, darn it! My stop switch would have went off with one more penny today! lol
I am seriously thinking of selling, then kicking back and re-buying. My reasoning, for myself, is that it may not come back up for a long time, but I could be totally wrong. It is definitely in the sidelines bracket now with and working into a trend.
I got it right yesterday, but woke up this morning to the futures and about had a stroke. All of my stocks took a beating. I feel like I have been worked over with a lead pipe.
I have been anticipating another bear leg if the NAS fell below 1500. The support is at 1490, so it is a real iffy deal.
I may pull the plug on it tomorrow morning, as much as I hate to.
If I had any common sense, I would have known with a run like it had that I should have sold around 1.62. It was such a sharp run that you have to know that it cannot keep up. Live and learn. When it got up to 1.62 the trading slowed down, a SURE indicator that it is peaked, but greed took me over. I know better, but still screwed it up.
Have a great day and if you have any thoughts, please share them, because I am obviously sight impaired.
i wont be selling lvlt, in the short term it may go back down but i expect more big jumps in the future and at a 84 cent avg im not real worried im sure it can hold above that
Let her rip! I am at .86, so I'll just let it go, and see what happens. I really don't know what will happen but what the hay!
Have a good one!
oh no now ur making me nervous, haha if it goes down im gonna feel twice as bad lol