STOCK GURUS! Help this n00b!

[dirtysouth]

Finally created an e-trade account and got it all verified etc. I'm looking to "play" with $500 to get a feel for how things work. Can some of you big players help me out with some good picks? Right now I'm really watching the following: CLWR, GBE, and a mutual fund: AMCPX.

Anyone? Thanks!

[brandonstills]

Are you for real?

[dirtysouth]

Originally Posted by brandonstills

Are you for real?

No I enjoy posting just to hear the keyboard clack.

[DateDoc]

I would learn to trade stocks without using real money. You can try http://www.updown.com/ and get the hang of buying and selling and following trends. That way you do not lose the $500.

[paymeback]

Go down to the casino put the $500 you have to "play" with all on red

[webgurl]

you just have 500 to play with yarrrrgh well maybe some penny stocks then
if you want any bluechips you need atleast few grande . Don't forget
you have to pay for the commission fees

[webgurl]

right now my portfolio is down quite a bit , i have well over 5 digits
in my stocks too it sucks ass .....

[dirtysouth]

Originally Posted by paymeback

Go down to the casino put the $500 you have to "play" with all on red

Been there done that. Split the 0/00 and hit.

[dirtysouth]

Originally Posted by DateDoc

I would learn to trade stocks without using real money. You can try http://www.updown.com/ and get the hang of buying and selling and following trends. That way you do not lose the $500.

Pretty cool!

[webgurl]

Originally Posted by paymeback

Go down to the casino put the $500 you have to "play" with all on red

this is actually a better suggestion then
playing the stock market right now especially with only 500
Or you can try Odd/Even if u don't want to put it all on Red LOL

[ADL Colin]

It's real easy. Buy stocks that are going to go up. when they are not going to go up much more sell them and buy more stocks that are going to go up. repeat until your children inherit your wealth. oh yeah, do as much of this as possible in a retirement account.

[dirtysouth]

Originally Posted by webgurl

you just have 500 to play with yarrrrgh well maybe some penny stocks then
if you want any bluechips you need atleast few grande . Don't forget
you have to pay for the commission fees

Yep. Just fucking around with it. The commercials finally got me! As of now I've been "investing" only in my hot rods & my 9yo's Junior Dragster.

[dirtysouth]

Originally Posted by ADL Colin

It's real easy. Buy stocks that are going to go up. when they are not going to go up much more sell them and buy more stocks that are going to go up. repeat until your children inherit your wealth. oh yeah, do as much of this as possible in a retirement account.

I thought it was that easy!

[webgurl]

on a serious note , if you have only about 500 to invest into stock market
your only option is pretty much some penny stocks (which is really risky) unless
you got some leads .... Otherwise if you play some poker at the casino u have
a better chance of quicker solid gain goodluck

[paymeback]

In all seriousness tho if you are interested in learning the markets spend the $500 buying some books and just simply read. Its not really something you can get a hang of by only spending a small amount with no knowledge. Signup to a free trading game too they are pretty decent and wait till you have a better understanding of how the market works and have 4-5k to work with.

[dirtysouth]

http://www.updown.com/displayProfile.do?id=29186

Holy shit this guy's got the shit down eh?!

[ADL Colin]

Originally Posted by paymeback

In all seriousness tho if you are interested in learning the markets spend the $500 buying some books and just simply read. Its not really something you can get a hang of by only spending a small amount with no knowledge. .

I think that is a great idea. Read not only "how to invest" books but economics and economics history. You can also read SEC annual reports for free. You learn more about how individual businesses are run and how they are related than anywhere else. You can also read back in time to see what CEOs were commenting on in different years and before certain now-known events happened. for example, how did individual homebuilders or banks view the bubble in real estate and and how did they comment on it over the years in their annual reports.

[AlienQ - BANNED FOR LIFE]

The name of this site is GoFuckYourSelf.

Just thought I should remind you of that.

[ADL Colin]

Originally Posted by AlienQ

The name of this site is GoFuckYourSelf.

Just thought I should remind you of that.

How much does that pay?

[dirtysouth]

Originally Posted by AlienQ

The name of this site is GoFuckYourSelf.

Just thought I should remind you of that.

Wow man, in all the years I've been here I never even looked up there in that address bar thingy.

[dirtysouth]

Originally Posted by ADL Colin

How much does that pay?

Must pay him a shitload! Only a couple months different reg date from me and 10X as many posts. How the fuck do you work/live with that many posts on a message board?!

[fluffygrrl]

More to the point : I just talked a friend out of holding AMCPX, which she was and which is shit.

Your 500 will be good enough to play around on the stock market, but here's some tips :

General :

Stay away from options.
Stay away from things you don't understand.
Use this opportunity to read about, and understand more things. You'd be surprised how much having money down the line motivates you to read, and understand.

Speciffic :

We're in a recession. Consequently, the financials well be up and down, the raw materials up first and down later, the disposable consumer low and lower, manufacturing low and rising, and tech nobody knows what the fuck is doing (read : higher and then collapse).

Find your own picks, only go with 1 stock at a time, short the crap, long the good stuff, and good luck.

[dirtysouth]

Originally Posted by fluffygrrl

More to the point : I just talked a friend out of holding AMCPX, which she was and which is shit.

Your 500 will be good enough to play around on the stock market, but here's some tips :

General :

Stay away from options.
Stay away from things you don't understand.
Use this opportunity to read about, and understand more things. You'd be surprised how much having money down the line motivates you to read, and understand.

Speciffic :

We're in a recession. Consequently, the financials well be up and down, the raw materials up first and down later, the disposable consumer low and lower, manufacturing low and rising, and tech nobody knows what the fuck is doing (read : higher and then collapse).

Find your own picks, only go with 1 stock at a time, short the crap, long the good stuff, and good luck.

Thanks! Again, not looking to retire on this...just fucking about/wanting to learn.

[Storm_Tracker]

Buy this penny stock I hear its gonna to $50+

HYBR

Hybrid Tech


They make those cool electric powered cars with lith batteries. I bought at around $2.22
its at $4.25+ now

I have about 300 shares, this company has been in the news as well .. You can also
buy their cars on the web, they take as an example the BMW mini and jack it all up
with batteries and shit and it only costs you $2.25 to charge it!

its fucking awesome! http://www.hybridtechnologies.com

good luck bro!


the only reason I bought this stock was because their stock was $70 3 yrs ago
and it hit the fucking bottom at $2 .. hopefully its only one way and its Uppppppp!

[fluffygrrl]

Actually, nobody with under 100k should consider any stock currently trading under $10.

The reason is, nobody with any sense'd put more than 1-5 maybe 10% tops of his portofolio in penneis, and even then you want it split around a bunch.

So, 2% of 500 and spread over 10-20 stocks ? 15 in trade fees and .02 in investment ? Nonsense.

[woj]

I would invest $100k into perhaps 5 different companies, spread it out a little to reduce risk... oh wait a min, you mean you have $5 hundred to play with?

[woj]

... but seriously dude $500 won't work very well, to buy+sell is $20 in fees, which is 4% of your investment... even if you get lucky and pick a good company 4% is way too much to pay in fees... I would wait a bit and save at least $1 or $2k and then start...

[OG LennyT]

Originally Posted by dirtysouth

Right now I'm really watching the following: CLWR, GBE, and a mutual fund: AMCPX.

Anyone? Thanks!

CLWR and GBE??? good god, I threw up in my mouth a bit. Stay far away from real estate related stock and anything tied to Sprint, it's a sinking ship.

stick with AG, infrastructure, or a defense play maybe...