Any investors out there? Playing with stocks, Just opened an Ameritrade account

Zeto · 09-09-2010, 04:52 PM

I know the stock market is very chaotic to say the least. But I just need some pointers for a novice like myself and what stocks I should look out for. General Motors (MTLQQ) looks enticing but it maybe awhile before I see any returns. What do you guys think?

m4a1mustang · 09-09-2010, 04:53 PM

Quote:

Originally Posted by Zeto

I know the stock market is very chaotic to say the least. But I just need some pointers for a novice like myself and what stocks I should look out for. General Motors (MTLQQ) looks enticing but it maybe awhile before I see any returns. What do you guys think?

It's my job.

Don't mess with the pink sheets.

GM IPO coming in a few months or so.

Zeto · 09-09-2010, 04:55 PM

Thanks Steve! But what are pink sheet stocks and what's an IPO?

m4a1mustang · 09-09-2010, 04:57 PM

Pink sheets refer to over the counter traded stocks... not exchange traded. MTLQQ is Motors Liquidation Company, all the crap that GM pulled out when they went through bankruptcy.

An IPO is an initial public offering. GM, right now, is not publicly traded, but it will be soon.

Zeto · 09-09-2010, 05:54 PM

Got it thanks!! +rep!

bigaudiofanat · 09-09-2010, 05:58 PM

I would watch apple around the holidays and toshiba next year when the releases the new 3d tv's with no glasses needed.

Cjanik · 09-09-2010, 07:14 PM

keep an eye on CREE

dudafunk · 10-25-2010, 12:43 PM

CommScope, Inc.: NYSE:CTV quotes & news - Google Finance

who can explain this 30% rise today

Jeffblue · 10-25-2010, 12:53 PM

tip: make sure you are willing to completely lose whatever you invest. also, don't take too much to heart in what you read on those articles online like 'the motley fool' etc. there is definitely valueable information in a lot of them, but they have nothing at stake in telling you 'buy this or that'

are you looking to do short term trading or long term buy and hold?

m4a1mustang · 10-25-2010, 01:24 PM

Quote:

Originally Posted by dudafunk

CommScope, Inc.: NYSE:CTV quotes & news - Google Finance

who can explain this 30% rise today

Carlyle Group is in talks with them to take them private.

dudafunk · 10-25-2010, 03:02 PM

My point was, these "secret" meetings. . . no way to know before hand?
The insiders who knew must be happy today.

m4a1mustang · 10-25-2010, 03:06 PM

Quote:

Originally Posted by dudafunk

My point was, these "secret" meetings. . . no way to know before hand?
The insiders who knew must be happy today.

Dude, if you act on material non-public information you are going to go to jail!

Jeffblue · 10-25-2010, 03:20 PM

Quote:

Originally Posted by dudafunk

My point was, these "secret" meetings. . . no way to know before hand?
The insiders who knew must be happy today.

there are people that specialize in merger arbitrage, which is exactly what this is. then again, they pay analysts lots of money to research and get the information required to make moves and buy certain securities in order to benefit from a deal going through or going sour. but its never 100%. generally, anyone knowing that something is 100% in the market, and acting on it, will leave them in jail.

dudafunk · 10-25-2010, 04:26 PM

Right, what I was saying was, Friday night market close, this stock was great and nothing on the news, and now first thing Monday morning it shoots up. So some magical deal was made over the weekend? :-/
If the stock has gone up 30% overnight, some people have made money. . . sounds manipulated, no?

m4a1mustang · 10-25-2010, 04:30 PM

Quote:

Originally Posted by dudafunk

Right, what I was saying was, Friday night market close, this stock was great and nothing on the news, and now first thing Monday morning it shoots up. So some magical deal was made over the weekend? :-/
If the stock has gone up 30% overnight, some people have made money. . . sounds manipulated, no?

The people that already owned it made money, yes.

It's not manipulated as long as people trading it are not using insider information. If someone involved in the acquisition deal used his knowledge of the pending deal to buy the stock on Friday, you bet your *** he'd be going to jail.

This is all VERY normal.

09-09-2010, 04:52 PM	#1 (permalink)
Zeto Track Member Join Date: Apr 2009 Location: North NJ Age: 40 Posts: 766 Drives: 09 Pearl White 370Z Rep Power: 267	Any investors out there? Playing with stocks, Just opened an Ameritrade account I know the stock market is very chaotic to say the least. But I just need some pointers for a novice like myself and what stocks I should look out for. General Motors (MTLQQ) looks enticing but it maybe awhile before I see any returns. What do you guys think?

09-09-2010, 04:57 PM	#4 (permalink)
m4a1mustang A True Z Fanatic Join Date: Feb 2009 Location: Northern VA Posts: 55,385 Drives: on two wheels Rep Power: 6962	Pink sheets refer to over the counter traded stocks... not exchange traded. MTLQQ is Motors Liquidation Company, all the crap that GM pulled out when they went through bankruptcy. An IPO is an initial public offering. GM, right now, is not publicly traded, but it will be soon. __________________ - Steve Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!) LIKE us on Facebook!

09-09-2010, 05:58 PM	#6 (permalink)
bigaudiofanat Car Audio Installer Join Date: Jun 2009 Location: Magnolia DE Posts: 8,342 Drives: 2012 Infiniti G37x Rep Power: 853	I would watch apple around the holidays and toshiba next year when the releases the new 3d tv's with no glasses needed. __________________ Need help with car audio or electronics? Let me know!! Need Help Let Me Know Direct email address reimermatt@gmail.com Owner of: Dynamic Mobile Audio Follow me below https://www.facebook.com/Dynamicmobileaudio/

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09-09-2010, 04:55 PM	#3 (permalink)
Zeto Track Member Join Date: Apr 2009 Location: North NJ Age: 40 Posts: 766 Drives: 09 Pearl White 370Z Rep Power: 267	Thanks Steve! But what are pink sheet stocks and what's an IPO?

09-09-2010, 05:54 PM	#5 (permalink)
Zeto Track Member Join Date: Apr 2009 Location: North NJ Age: 40 Posts: 766 Drives: 09 Pearl White 370Z Rep Power: 267	Got it thanks!! +rep!

09-09-2010, 07:14 PM	#7 (permalink)
Cjanik Track Member Join Date: May 2009 Location: Las Vegas Posts: 578 Drives: N/A Rep Power: 17	keep an eye on CREE

10-25-2010, 12:43 PM	#8 (permalink)
dudafunk Enthusiast Member Join Date: Nov 2009 Location: Long Island, NY Posts: 421 Drives: '09 370z Base Red AT Rep Power: 16	CommScope, Inc.: NYSE:CTV quotes & news - Google Finance who can explain this 30% rise today

10-25-2010, 12:53 PM	#9 (permalink)
Jeffblue A True Z Fanatic Join Date: Dec 2009 Location: NY Age: 36 Posts: 9,192 Drives: Z32TT & 335xi Coupe Rep Power: 37	tip: make sure you are willing to completely lose whatever you invest. also, don't take too much to heart in what you read on those articles online like 'the motley fool' etc. there is definitely valueable information in a lot of them, but they have nothing at stake in telling you 'buy this or that' are you looking to do short term trading or long term buy and hold?

10-25-2010, 03:02 PM	#11 (permalink)
dudafunk Enthusiast Member Join Date: Nov 2009 Location: Long Island, NY Posts: 421 Drives: '09 370z Base Red AT Rep Power: 16	My point was, these "secret" meetings. . . no way to know before hand? The insiders who knew must be happy today.

10-25-2010, 04:26 PM	#14 (permalink)
dudafunk Enthusiast Member Join Date: Nov 2009 Location: Long Island, NY Posts: 421 Drives: '09 370z Base Red AT Rep Power: 16	Right, what I was saying was, Friday night market close, this stock was great and nothing on the news, and now first thing Monday morning it shoots up. So some magical deal was made over the weekend? :-/ If the stock has gone up 30% overnight, some people have made money. . . sounds manipulated, no?