Posted on 01/25/2017 4:54:59 PM PST by OneVike
I decided to become a trader in stocks, and since I already made over $10,000, I thought I would see what help U can get from the collective minds at FR.
Who knows, maybe someone will help me make another $10,000 so this 60 year old white man who speaks no Spanish won't have to look for a job in California.
Something going down goes down for a reason and usually keeps going down or stays down unless A Major catalyst is introduced or profits are slowly turned around, which takes a while.
See Twitter stock for reference.
My aunt kept buying it as it dropped because it’s “twitter” even though I told her not to.
Did you buy a ‘put’ on ATI? Looks like you had to satisfy a margin call. Good for you. Making the system work for your benefit. Did you need to have a Series 7 License to do this, or is that only to buy and sell individual equities?
The few years I spent in the 1980’s studying to obtain my Series 7 license was the only time I enjoyed working with math. Alas, my math was never good enough to master the fractions, decimals slopes and their later conversion to percentages, but I enjoyed the study nonetheless.
I get my vitamins locally or from SwansonVitamins.com. GNC is a scam.
I wouldn’t offer advice whether to purchase GNC or not. But for probably twenty years I’d go to a GNC in a mall about once a month. Haven’t even been in a GNC since about 2005 since I discovered online vendors such as vitacost.com and others.
Do you know if they’ve been closing stores in recent years? And how well is their online business doing? Those would be two good bits of information to have, as well as revenue and earnings trends over the past ten or so years.
Worse, the gyms finally got smart and started selling the same junk as GNC.
Overall, I think the stock is probably still overvalued. They have nothing in their hands that adds value to the company, and most of their products can be ordered easily from Amazon without a precious millennial stepping foot outside their door.
Unless you've got something that is making you think there's some secret value?
BINGO!!!
i was wondering how long it would take for someone to say this. Freepers are smart.
BTW, I have been trading stocks daily ... but institutionally, for 40 years.
I moved most of my portfolio to mining and oil exploration. I have been buying Gastar when it goes under a buck and selling it at 1.75. I am looking at low price stocks where a Trump comment can move the stock.
Malls are losing business due to “Mall Brawls,” BLM, and Jihadi shooters. They are especially losing middle class shoppers who have money to spend. As stores leave the mall the other tenants need to pay higher rent to keep the mall going.
Blue Horseshoe loves Blue Star Airlines. Sshhhh. Don’t tell anyone.
Yeah, my dad chased HP stock down and down as the tech bubble was bursting. His opinion of its value was far higher than the experts and as the price kept falling he kept seeing it as a better and better bargain. Bought when he should have been shorting.
Should have weighed himself before and after so he’d know how much of his ass he lost.
I buy Redline once in a while. That’s about it.
Yes at 23.69 At that I sold 500 of my 1300 shares, so in total worth on shares I am where I began but my cash reserve is up
Yes they began closing stores with the idea of going more online sales
If I want to buy a nutritional supplement I go to Vitamin Cottage. GMC is sort of a cheesy place to get steroids that are somewhat legal. And everything at GMC is expensive. A super bowl ad is expensive and usually worthless. Try Yahoo Finance or Google Finance for information. Stocks to try: SHOP, HL, X, Amd, QLED, and sign up for the Motley Fool online advisers.
Look at pipeline stocks, oil servicing stocks, avoid drillers. Outliers like GNC which are mall-centric are questionable. Also I would avoid ‘green energy’ stocks unless the company is primarily a California. Washington centric company.
And you keep all the info to yourself!!
:)
Giving advice or tips is always dangerous because no matter how much someone says they won’t care if you’re wrong, they do lol
The last line was VERY funny but I can’t laugh at a FReeper’s father’s loss.
Is he ok financially now? Or was it just a minor hit?
Thanks, that does help. By the way I have been watching Twitter and you are correct dp0622, Twitter sucks for investment. So maybe you are correct on GNC also
Stocks: Lots of strategies. One idea is to follow several stocks and observe the up and down movements. Buy when lower and sell when higher. Sort of like at the beach and watching the tide going out(you buy) and at high tide you sell.
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