stocks

A place to talk about anything. Stocks, politics, or your neighbors who won't turn down that music.
Forum rules
NOTICE: Please be sure to check the CFP Message Board Rules and Regulations and the Read Me page before posting.
Post Reply
User avatar
openSkies
Administrator
Administrator
Posts: 1288
Joined: Wed Dec 28, 2005 4:10 pm
Location: Boston, MA, USA
Contact:
Contact openSkies

stocks

Postby openSkies » Fri Jan 20, 2006 6:51 pm

Anyone here invest in stocks?

I have 1200 shares of Delta (DALRQ).

Ended today at $0.65, haha. I think it's going to be a "very, very, very long term investment".

I think I should buy a share of Berkshire-Hathaway. :wink:
Last edited by openSkies on Tue Feb 21, 2006 7:45 am, edited 1 time in total.
Image
Top
Larry

Postby Larry » Fri Jan 20, 2006 7:15 pm

Looks like a very good investment, but....my cash is tied up in my current business (earning about 20% per year). Like many small business owners, the only way we can "let loose" with large capital is when we sell our business. Currently, I "take home" only $320 a week, but my house and 3 other properties are "paid off". $300 a week may not seem like much, but I have few bills. I rotinely get many offers from investors, but as of now....I'll ride out my situation until I get too old to do what I do.

Thanks dude -- I'll put this info in my "favorates" so I can refer to it when I'm able to do so.
Top
User avatar
Spence
Administrator
Administrator
Posts: 21227
Joined: Wed Dec 28, 2005 11:52 pm
Location: Chillicothe, Ohio (Ohio's First Capital)
Contact:
Contact Spence

Postby Spence » Fri Jan 20, 2006 7:16 pm

I have 1200 shares of Delta (DALRQ).

Ended today at $0.65, haha. I think it's going to be a "very, very, very long term investment".

I think I should buy a share of Berkshire-Hathaway.


Better wait until the price of crude goes down to think about selling the Delta stock.

Berkshire-Hathaway just made a big acquisiton. Warren Buffet is a good man to follow. I dabble a little. Nothing major, as i don't know enough about what I am doing. It's kind of like picking the #5 horse in the 7th race because it is a chestnut. I have some mutuals that do OK and my gold is really good right now, as long as someone doesn't sneeze and knock the bottom out.
"History doesn't always repeat itself but it often rhymes." - Mark Twain
Top
User avatar
openSkies
Administrator
Administrator
Posts: 1288
Joined: Wed Dec 28, 2005 4:10 pm
Location: Boston, MA, USA
Contact:
Contact openSkies

Postby openSkies » Fri Jan 20, 2006 7:25 pm

Yeah, the crude rise today killed the stock. Dropped 9% today, over 16% since last Friday. Gotta love it.

Who did BH buy out now? They've got everyone. GEICO, Dairy Queen, etc.

Microsoft? lol.

Bill Gates bought some more shares of BH. I think he's up to 3,000 shares now. He just does it to show off, flex his financial muscles, and get some PR.
Image
Top
User avatar
Spence
Administrator
Administrator
Posts: 21227
Joined: Wed Dec 28, 2005 11:52 pm
Location: Chillicothe, Ohio (Ohio's First Capital)
Contact:
Contact Spence

Postby Spence » Fri Jan 20, 2006 7:30 pm

They acquied Business Wire. They distribute corporate news and do regulatory filings.

If anyone can show off his financial muscles it is Bill Gates. I wish I could have one good idea in my life. :lol:
"History doesn't always repeat itself but it often rhymes." - Mark Twain
Top
User avatar
..fanatic
Coordinator
Coordinator
Posts: 957
Joined: Wed Dec 28, 2005 9:55 pm
Location: Rockledge, FL

Postby ..fanatic » Sat Jan 21, 2006 1:50 am

Why on earth would you buy airline stock? :shock: Trying to pay more for your education than necessary?
"Better to have it and not need it than to need it and not have it."
Top
User avatar
Spence
Administrator
Administrator
Posts: 21227
Joined: Wed Dec 28, 2005 11:52 pm
Location: Chillicothe, Ohio (Ohio's First Capital)
Contact:
Contact Spence

Postby Spence » Sat Jan 21, 2006 10:37 am

Now would be the time to buy airline stock. It can't get much cheaper. You have to figure that the government isn't going to let the "big fish" go down because it will hurt the industry. Kind of like the Chrysler situation of the 80's. Delta is a big fish and the stock is cheap so why not take a chance and buy? You have to do it with the knowledge that is it a 10 year turn around though.
"History doesn't always repeat itself but it often rhymes." - Mark Twain
Top
User avatar
openSkies
Administrator
Administrator
Posts: 1288
Joined: Wed Dec 28, 2005 4:10 pm
Location: Boston, MA, USA
Contact:
Contact openSkies

Postby openSkies » Sat Jan 21, 2006 6:51 pm

Exactly, Spence =]

If the stock goes up to $10, I make $11,000.

If it goes up to $50, I make $59,000.

It will all take a long while though.
Image
Top
User avatar
Spence
Administrator
Administrator
Posts: 21227
Joined: Wed Dec 28, 2005 11:52 pm
Location: Chillicothe, Ohio (Ohio's First Capital)
Contact:
Contact Spence

Postby Spence » Sat Jan 21, 2006 8:39 pm

The key is to not try and see how high it will go. You pick a sell point and when it gets there you sell. Reinvest and start over. It is all about turnover when you are dealing with individual stocks.
"History doesn't always repeat itself but it often rhymes." - Mark Twain
Top
User avatar
..fanatic
Coordinator
Coordinator
Posts: 957
Joined: Wed Dec 28, 2005 9:55 pm
Location: Rockledge, FL

Postby ..fanatic » Sat Jan 21, 2006 8:57 pm

I was just busting his chops. I think it's a great move.
"Better to have it and not need it than to need it and not have it."
Top
Post Reply

Return to “Off-Topic”

Who is online

Users browsing this forum: No registered users and 13 guests