well i learned a lesson today. i sold a position in order to buy some GILD, but apparently i couldn't because it takes a few days to clear to deal so you can reinvest. pretty pissed since they demolished the earnings estimate and is surely about to bounce
Positions generally take 3 business days to clear. The way around this is to activate margin on your account. Even if you don't use it in the traditional way (borrowing to invest), it lets you "float" the cash so you can buy positions before the sold one has cleared.
thanks, i'll have to look into activating a margin. GILD only is up 2% after hours, so maybe it was a blessing if it dips tomorrow on this small jump
How much richer? Man i want to get into this but seems like there will be a lot of thinking and money risk involved.
A little under 3% richer for my entire holdings. Most of that is because of AAPL's 8% increase. It's a little risky to get started. When I started to invest in the stock market about 3.5 years ago, I was negative for the first 1.5 years. After that a learned a few simple things like don't sell off after a small drop. Now my money is growing a whole lotta faster than if it was in a savings account.
there's definitely a learning curve. if you're worried about risk i'd play with fake money and see how you do before really investing.
http://bbs.clutchfans.net/showthread.php?t=253373 http://bbs.clutchfans.net/showthread.php?t=234394 http://bbs.clutchfans.net/showthread.php?t=57634
Ugh debating getting out of twitter put position or not...they moved up earnings release date so don't like that...was waiting for lockup to expire to help but maybe take the $ and run....
Bump. Relatively new investor here. I'm currently in grad school and working and I finally saved enough money to the point where I won't have to take out student loans. I'll have extra money saved up from work and I want to invest. I opened an account at fidelity and I'm ready to get rollin'! So any tips? I'm thinking maybe GE/Lubys(LUB)/and some other food companies. Any help/advice would be greatly appreciated!
Big difference between GE and LUB. What got you looking at LUB? I mean it might be due for a bounce, but that would be something you would reserve for a speculative side of your portfolio.
I'm kind of a sucker for buying at 52 week lows. Also read a few articles saying that it was under valued. I'll watch it for a few more weeks. If you were in my position what would you do?
I would get out of that habit of looking for stocks on 52 weeks lows. That said LUB looks interesting as a value play. I'm gonna do more research on it.
Yeah I really like that LUB. Also I really like those longer dated call options on LUB. They are very thinly traded but the October expiration 5 strike calls are offered at 75 cents. If it was possible for me to get them somewhere around 50 to 60 cents or cheaper I would load the boat. Those are priced too cheap and this stock is too volatile.
