Oh trust me..it fell, and fell, and fell, and fell...and fell some more. Lost lots of $$ on that one.

11/16/2006 10:15:05 PM

So, the NMX IPO has made some cash for people today.
IPO Price: $59

current price: $138.50

Less than 2 hours of trading so far...

11/17/2006 10:45:15 AM

Doesn't matter much if you couldn't get in on it early...

11/17/2006 11:32:49 AM

^^ fuckin a

^ yup


i made a killing on BIDU, didn't see this one coming at all



[Edited on November 17, 2006 at 2:31 PM. Reason : ^]

11/17/2006 2:28:16 PM

I'm wondering if GOOG is going to hit $500 today.

11/17/2006 2:34:57 PM

who wants to go short GOOG...who's coming with me??? if she hits $500, P/E of 64?? smells like the 1999 internet

11/17/2006 5:48:58 PM

I would strongly consider it. Not that I'm qualified to give stock advice though.

11/17/2006 5:53:25 PM

I don't really think GOOG deserves as much of a P/E as its getting, but plenty of smart guys disagree.

I'm not even close to wanting to short it though, do you really expect people to wake up anytime before they run that fucker up to a grand?

11/17/2006 6:12:54 PM

Is Google even making money yet?

11/17/2006 6:17:21 PM

Yes, it made 1.47 billion in '05 against 399M in '04 and while that is pretty damned impressive, its market cap is nearly 153 billion.

Also, you might want to note that if a stock as a P/E (trailing) then it has earnings...

11/17/2006 6:23:16 PM

GOOG is making money hand over fist.

11/18/2006 1:07:00 PM

fothermucked!

i knew i should've bought CTRX on Friday...i'd been watching it for a while

11/20/2006 11:40:19 AM

all i know is i wish i woulda bought apple on 10/18 and sold it on 11/13

went up almost 10 bucks in that time

11/20/2006 11:47:27 AM

drunknloaded, that's nothing.
I was recommended to buy apple back when it was ~$15 presplit in 2003. I'd be a zillionaire if I had...
edit: AKAM is having a nice runup today (again).
ATTN: BobbyDigital. Sell at $50, buy at $46.

[Edited on November 20, 2006 at 1:02 PM. Reason : ]

11/20/2006 1:01:38 PM

^

11/21/2006 2:16:26 AM

Dear Will:
You didn't buy any AAPL then either, so stfu.
Edit: Goog tops $500!

[Edited on November 21, 2006 at 10:52 AM. Reason : ]

11/21/2006 10:38:20 AM

[Edited on November 21, 2006 at 12:48 PM. Reason : ]

11/21/2006 12:48:04 PM

I'm in the green on CTDC for the first time since March. Glad I didn't sell it when it went to shit.

11/21/2006 2:52:03 PM

XMSR big jump today.

11/22/2006 3:19:48 PM

JCG up 14%
SIRI up 8%
SHLD up 4%

this is a nice way to start the weekend.

11/22/2006 3:25:31 PM

yeah, my stock portfolio as a whole gained almost 1.5% today...nothing mind blowing, but i'll take it all the way to the bank, and wish i could do it every day.

11/22/2006 4:45:58 PM

my bus 225 teacher is "not a big fan'" of municiple bonds

11/22/2006 9:14:05 PM

thats because they are not really right for most people

11/23/2006 9:50:17 AM

If you don't have a very high tax bracket, munis are usually a bad idea.

That's probably why he's not a big fan.

11/23/2006 10:59:23 AM

sorry if this has been posted a million times, i looked through the beginning of the thread but...

i know very little about this and want to educate myself as best as possible before jumping into it

what are the best online resources for beginners and just in general?
what do you guys use to track your portfolio's, etc?

11/24/2006 12:55:16 PM

I read bankrate.com a ton as well as the msn message board "your money". I track my portfolio using whatever online resources are available through where I buy my funds. UBS, Fidelity, Scottrade, etc.

11/24/2006 6:08:10 PM

Looks like it's going to be an interesting day for the markets.

11/27/2006 10:51:48 AM

Why is that?

11/27/2006 10:58:00 AM

What time do the fed chiefs talk?

11/27/2006 10:58:13 AM

GOOG is taking a big hit today...

11/27/2006 11:22:03 AM

Every time I hit refresh on my Scottrade account my stock goes down...this is not a good trend.

11/27/2006 12:47:22 PM

Stop refreshing then

11/27/2006 12:53:40 PM

can someone explain "splitting" to me. Ive never understood why its considered a good thing and why exactly it occurs..

and why hasnt google split if its 500... just cause it gets more press by being such a high number?

11/27/2006 3:53:15 PM

^^^ yeah, i got beat up today

still substantially up over the last month or so


bought some OXPS today...bought 20 shares a couple of weeks ago, and 15 more today.

11/27/2006 3:57:53 PM

Stock splitting is usually done to keep the stock liquid--thus more people are able to buy it and it keeps the price down. Many people think that if their stock splits it means that it goes up exponentially in value if the stock price rises...but it doesn't.

Example:
You have 10 shares of stock XYZ and it's $100/share for a total of $1,000. They want more people to be able to buy the stock, or perhaps they just like to keep the price a bit lower. They do a 2-for-1 stock split--this doubles the number of shares you have and reduces the price by 1/2.
Start: 10 shares at $100 each for $1,000 total
End: 20 shares at $50 each for $1,000 total
Corporations also do all sorts of other stock splits--3:2, 4:5, etc. They also do reverse-splits (is there a technical name for this?)--where they increase the price of the stock and decrease the number of available shares.

Note that they're not just "doubling" the amount of share you have--they're doubling the amount of shares outstanding, and halving their value. So if the company originally had 100 million shares at $100 each, now they have 200 million shares at $50 each. The value of the company in terms of market capitalization doesn't change.
Since there are more shares available there are presumably more that you can buy and they're cheaper so more people can buy them.

As I said earlier many people think this exponentially increases their stock value when in actuality it doesn't. It's all about the percentages of increase/decrease and the investing public's perception of the price of the stock. "Well I originally had 10 shares, but now I've got 20. Since I have 20 shares, I obviously have twice as much when the stock goes up!"

The way I understand it, Google hasn't split their stock because they don't want someone to buy it without doing real research on the company. They'd much rather have someone actually invest (ie: think about it, do research, look at company financial statements, etc) than just play the market because the stock is cheap at $50/share.

Hopefully this made sense?

[Edited on November 27, 2006 at 4:13 PM. Reason : subject-verb agreement]

11/27/2006 4:11:16 PM

Pretty close, except for stock splitting doesn't really make shares more liquid, they just make people think the stock is cheaper. I mean, sure, there is something to be said for liquidity, but the typical 2:1 split creates a difference between a $100 stock and $200 stock, which in terms of liquidity is really moot. Splitting is used because idiots go "Damn, that stock looks attractive now."
Case in point:
If Microsoft had never split, it would sell for ~$15,000 a share
Berkshire Hathaway, which doesn't split, sells for ~$106,550 a share

At those prices, splits make a difference in liquidity, but most stocks do 2:1 splits rather than 5:1 of 10:1 or something that really adjusts the liquidity of the stock.

11/27/2006 4:20:56 PM

no worries. this is just the end of month selloff.

11/27/2006 4:21:32 PM

ssjam, what multiple do you think GOOG deserves?

11/27/2006 4:24:09 PM

thanks guys, i understood the fact that you jsut get double the shares at half the price part already i was just curious as to why people think its such a good sign when a stock splits.

Like i figured, people are just dumb.... i thought maybe there was more to it than that


the liquidity thing makes sense when you're talking about enormous growth like microsoft and i guess i understand why google doesnt split now.... i figured it was just becasue it gets more hype this way

11/27/2006 4:30:37 PM

hard to say. some people thought its IPO day price of $80 was too high.

its hard put a traditional P/E or revenue multiple on a company like Google. the way i see it, its a momentum play. i'm down to only a handful of shares (got out in the low 400's), and i may just let them ride.

11/27/2006 4:30:53 PM

OKay one more question.

I heard that a stock price is based on the most optimistic investors price...

which makes sense because it will get bid up to the most someone is willing to pay for it. So overall wouldnt most stocks be a little overpriced pretty much all the time?

11/27/2006 4:35:31 PM

the stock price represents the average of all the buyers' and all the sellers' prices and volume of stock they want to buy or sell combined.

sometimes its overvalued, sometimes under. its the theory of market efficiency. some claim that the market price is always right, some say the opposite. to me its intuitive that the market is semi-efficient the way DNA replication is semi-conservative.

so i think in some cases it is possible to out-guess the market and make a killing. i'll admit, its a lot like sports gambling.

11/27/2006 4:41:53 PM

Quote :

"the stock price represents the average of all the buyers' and all the sellers' prices and volume of stock they want to buy or sell combined. "

How do you get that?

11/27/2006 4:45:49 PM

that's how any "market" works

11/27/2006 4:52:21 PM

I want to understand what you mean by the current price being an average of all sellers and buyers prices and volumes.

As far as any securities market I've ever seen operate, the price is the where the highest bid meets the lowest ask.

11/27/2006 9:23:14 PM

^ that's kind of what i meant to say. people bid and ask, markets get made.

11/28/2006 12:15:05 AM

Quote :

"How do you get that?"

Quote :

" Class : Alumnus Major : Economics"

Something is amiss

[Edited on November 28, 2006 at 1:44 AM. Reason : df]

11/28/2006 1:44:10 AM

^ He's a slow one, folks.

11/28/2006 5:48:47 AM

Quote :

"As far as any securities market I've ever seen operate, the price is the where the highest bid meets the lowest ask."

How is this determined?

11/28/2006 8:11:58 AM

Its determined differently in different markets. In an auction market it is on the books. When you phone in an order you bid goes on the left side of the specialists book along with volume and asks go on the right side. When they are the same (or close enough for the trader to accept it) they'll make the trade. Market orders to buy go in at the lowest ask and market orders to sell go in at the highest bid. Also, if the bid and ask aren't close, the specialist will ask or bid it out of his or her own book at least $0.01 higher than the bid or lower than the ask.

Quote :

"^ He's a slow one, folks."

I can't believe someone trolled me in the lounge in a thread about the stock market, lol. It was nice to see him make an idiot of himself though.

[Edited on November 28, 2006 at 8:16 AM. Reason : .]

11/28/2006 8:15:23 AM