Stocks Investing MONEY : Education?!! Pinkys : OTC

Chuck33079 · 05-30-2013, 10:20 AM

Pigs get fat. Hogs get slaughtered. I always set my exit point when I get into a position. That way I don't have to think about it. Set up two GTC orders. One at double to take out your investment, and the other at your pre-determined exit point. It keeps me from getting greedy and missing the right time to get out.

NickTurnon · 05-30-2013, 11:44 AM

When it hit $5.44 I knew that something was fishy..

I should've sold out, but at this point, I already diversified my original investment and I got in so cheap that it will have to take a lot more shaking of this tree to get me to sell out everything.

I think ill try and put a ticker on $4 or 5 and see if it can auto sell for me. Does anything know how to do that with scottrade?

Chuck33079 · 05-30-2013, 11:50 AM

I'm not familiar with their system, but putting in a gtc order is something that any brokerage should be able to do. If not, move your money elsewhere. In the future, you really should have the sell order set up right after the buy order executes. That way you can lock in your gains somewhere close to the high. Otherwise you watch something run up, and fall off just as fast.

ZMan8 · 05-30-2013, 02:22 PM

Quote:

Originally Posted by Chuck33079

I'm not familiar with their system, but putting in a gtc order is something that any brokerage should be able to do. If not, move your money elsewhere. In the future, you really should have the sell order set up right after the buy order executes. That way you can lock in your gains somewhere close to the high. Otherwise you watch something run up, and fall off just as fast.

Usually to lock in gains I put stop-limit orders, and adjust them up as the stock rallies up, but for this stock you can't do that. Only limit orders are allowed.

Chuck33079 · 05-30-2013, 02:24 PM

That's why you set your exit point as soon as you buy it.

ZMan8 · 05-30-2013, 02:29 PM

FNMA/FMCC are going down Further. Hope you guys were able to cash them in.

Chuck33079 · 05-30-2013, 02:31 PM

Just pulled those two up. Ouch. I really hope nobody is long those two right now.

Chuck33079 · 06-28-2013, 12:23 PM

Please tell me none of you guys are still in Fannie and Freddie at this point.

NickTurnon · 06-28-2013, 12:25 PM

I still have 1,000 or so shares. I got in at $0.25 and .26 though. for both. So I can still take more of a hit.

Yesterday it dropped to like 1.18.... today its at 1.40 or so. Hopefully it takes a little bump to $2 and then ill drop it.

Chuck33079 · 06-28-2013, 12:30 PM

Ok, my math says you turned $250 into $1400. If it were me, I'd take that and run. It may hit $2 tomorrow. It may never hit $2 again. Their books and numbers are a trainwreck.

NickTurnon · 06-28-2013, 12:36 PM

Okay, ill take your advice Chuck.

From my research they are profiting big time from the uprising housing market. However, every time they profit, all their profit gets taken.

I was just hoping that they were gunna hit $15 in a year or so.

Hoping for a split

Chuck33079 · 06-28-2013, 12:37 PM

Nothing says you can't sell it today, wait 31 days, buy back in lower, and sell it again.

Chuck33079 · 06-28-2013, 12:38 PM

Not to mention housing is going to pull back when the Fed stops buying bonds and interest rates tick up. At some point the music's gonna stop.

NickTurnon · 06-28-2013, 12:49 PM

Chuck, do you have any other stocks that you are seeing success with?

Fords stock has risen $5 in the past year since ive owned it. As well as GM.

Do you have any apple shares?

Chuck33079 · 06-28-2013, 12:58 PM

I'll never suggest a specific stock, since I'm a broker/advisor for a living and there's some specific "know your client rules" that prohibit me from making a recommendation to someone if I don't know the entireity of their situation. You may notice I've never recommended any specific security, but more of a type or strategy. The furthest I've gone is discussing some specific wins and losses within my own account which is completely allowable (Hi Compliance!).

I don't have AAPL, but I have nothing against it. F is my favorite domestic automaker. I see them outperforming their domestic competition, but they've got a long way to go to beat the imports from a market share standpoint. Right now I think small and mid cap growth are undervalued if you've got a 3-5 year time frame, since PEs are kinda out of whack at the moment. There's no reason a company like JNJ should have a PE of 23 and only have a growth rate around 2-3% per year. I think the big dividend payers are overbought.

05-30-2013, 10:20 AM	#91 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Pigs get fat. Hogs get slaughtered. I always set my exit point when I get into a position. That way I don't have to think about it. Set up two GTC orders. One at double to take out your investment, and the other at your pre-determined exit point. It keeps me from getting greedy and missing the right time to get out. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

05-30-2013, 11:44 AM	#92 (permalink)
NickTurnon A True Z Fanatic Join Date: Jul 2011 Location: Scottsdale Age: 33 Posts: 1,636 Drives: 09 BS 7AT 370z Rep Power: 18	When it hit $5.44 I knew that something was fishy.. I should've sold out, but at this point, I already diversified my original investment and I got in so cheap that it will have to take a lot more shaking of this tree to get me to sell out everything. I think ill try and put a ticker on $4 or 5 and see if it can auto sell for me. Does anything know how to do that with scottrade? __________________ 2009 Brilliant Silver BASE 7AT \| TEIN S-Tech Springs \| K&N Drop Ins & z1 Maf Tubes \| AAM S-Line Short Tails \| 5% Tint \| 20MM Spacers \| Sport Spoiler NickTurnon's 370z Build

05-30-2013, 11:50 AM	#93 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	I'm not familiar with their system, but putting in a gtc order is something that any brokerage should be able to do. If not, move your money elsewhere. In the future, you really should have the sell order set up right after the buy order executes. That way you can lock in your gains somewhere close to the high. Otherwise you watch something run up, and fall off just as fast. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

05-30-2013, 02:24 PM	#95 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	That's why you set your exit point as soon as you buy it. ZMan8 likes this. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

05-30-2013, 02:29 PM	#96 (permalink)
ZMan8 A True Z Fanatic Join Date: Oct 2011 Location: Chicago, IL Posts: 5,844 Drives: 10 370z 40th M6 Rep Power: 659	FNMA/FMCC are going down Further. Hope you guys were able to cash them in. __________________ 2010 370Z 40 Anniv., 6 MT \| Fast Intentions \| Swift Springs \| SPC \| Z1Motorsports \| JWM \| Redline Oils \| 35% Window Tint 2015 Mazda6 \| 370ZChicago: Chicago Area Cars & Coffee

05-30-2013, 02:31 PM	#97 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Just pulled those two up. Ouch. I really hope nobody is long those two right now. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

06-28-2013, 12:23 PM	#98 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Please tell me none of you guys are still in Fannie and Freddie at this point. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

06-28-2013, 12:25 PM	#99 (permalink)
NickTurnon A True Z Fanatic Join Date: Jul 2011 Location: Scottsdale Age: 33 Posts: 1,636 Drives: 09 BS 7AT 370z Rep Power: 18	I still have 1,000 or so shares. I got in at $0.25 and .26 though. for both. So I can still take more of a hit. Yesterday it dropped to like 1.18.... today its at 1.40 or so. Hopefully it takes a little bump to $2 and then ill drop it. __________________ 2009 Brilliant Silver BASE 7AT \| TEIN S-Tech Springs \| K&N Drop Ins & z1 Maf Tubes \| AAM S-Line Short Tails \| 5% Tint \| 20MM Spacers \| Sport Spoiler NickTurnon's 370z Build

06-28-2013, 12:30 PM	#100 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Ok, my math says you turned $250 into $1400. If it were me, I'd take that and run. It may hit $2 tomorrow. It may never hit $2 again. Their books and numbers are a trainwreck. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

06-28-2013, 12:36 PM	#101 (permalink)
NickTurnon A True Z Fanatic Join Date: Jul 2011 Location: Scottsdale Age: 33 Posts: 1,636 Drives: 09 BS 7AT 370z Rep Power: 18	Okay, ill take your advice Chuck. From my research they are profiting big time from the uprising housing market. However, every time they profit, all their profit gets taken. I was just hoping that they were gunna hit $15 in a year or so. Hoping for a split __________________ 2009 Brilliant Silver BASE 7AT \| TEIN S-Tech Springs \| K&N Drop Ins & z1 Maf Tubes \| AAM S-Line Short Tails \| 5% Tint \| 20MM Spacers \| Sport Spoiler NickTurnon's 370z Build

06-28-2013, 12:37 PM	#102 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Nothing says you can't sell it today, wait 31 days, buy back in lower, and sell it again. NickTurnon likes this. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

06-28-2013, 12:38 PM	#103 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Not to mention housing is going to pull back when the Fed stops buying bonds and interest rates tick up. At some point the music's gonna stop. ZMan8 likes this. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

06-28-2013, 12:49 PM	#104 (permalink)
NickTurnon A True Z Fanatic Join Date: Jul 2011 Location: Scottsdale Age: 33 Posts: 1,636 Drives: 09 BS 7AT 370z Rep Power: 18	Chuck, do you have any other stocks that you are seeing success with? Fords stock has risen $5 in the past year since ive owned it. As well as GM. Do you have any apple shares? __________________ 2009 Brilliant Silver BASE 7AT \| TEIN S-Tech Springs \| K&N Drop Ins & z1 Maf Tubes \| AAM S-Line Short Tails \| 5% Tint \| 20MM Spacers \| Sport Spoiler NickTurnon's 370z Build

06-28-2013, 12:58 PM	#105 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	I'll never suggest a specific stock, since I'm a broker/advisor for a living and there's some specific "know your client rules" that prohibit me from making a recommendation to someone if I don't know the entireity of their situation. You may notice I've never recommended any specific security, but more of a type or strategy. The furthest I've gone is discussing some specific wins and losses within my own account which is completely allowable (Hi Compliance!). I don't have AAPL, but I have nothing against it. F is my favorite domestic automaker. I see them outperforming their domestic competition, but they've got a long way to go to beat the imports from a market share standpoint. Right now I think small and mid cap growth are undervalued if you've got a 3-5 year time frame, since PEs are kinda out of whack at the moment. There's no reason a company like JNJ should have a PE of 23 and only have a growth rate around 2-3% per year. I think the big dividend payers are overbought. tibal, NickTurnon and ZMan8 like this. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent Last edited by Chuck33079; 06-28-2013 at 01:09 PM. Reason: speeling errorz

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