read investopedia.com, watch videos on khanacademy.org, and only watch jim cramer for entertainment purposes, not for advice.
this... and also before you jump in, follow the market closely for a month or two.. see when it goes up and when it goes down and try to figure out why...read news, world affairs, SEC filings, who buys and why, who sells and why.. its a combination of many things that will make sense after a while do not panic, buy when the market goes down, sell as soon as it goes up I try to do shorts, but sometimes play it long just to not lose what I have invested
thanks guys, really appreciate the tips. Ive been reading into some stuff on Investopedia, and haha yeah I sometimes watch cramer but he's kind of annoying to me. Im thinking of doing a simulator on Investopedia with fake money for some experience
I think the statistic on IPO's are that especially in the US, is that it goes up for a couple weeks or a month before ppl start jumping off the bandwagon. I mean the exception to this is facebook where I think there was just too much hype for its on good. The whole stock went up and down in a matter of hours or was it days? I don't remember. But I have heard of people having some success just riding IPO's out for a little while before they lose steam.
Just jumped on 2k shares of NOK Will stay for the long run... I was thinking of doing shorts for a few months, but changed my mind to invest long first and then later go into day trading..
Sprint stock was down 15 cents today..It might have hit its high for this week. I would wait till tomorrow and see if the trend continues...it's still cheap at $4.36..
Nokia used to be the number one cellphone company a few years back. No one could come even close, and then it happened, the management slept and gave out the business to other companies like HTC, Samsung and Apple. Nokia was so slow in adopting to what was going on, it was difficult to watch. Symbian, their OS wasn't moving, and Android popped up. Now, they got a new CEO, they restructured, fired a bunch of big wigs, laid off thousands of people, moved manufacturing from europe to asia and their stock hit a all time low at $1.67 I think. In 2008 they were selling at almost $40. Now, they are selling their handsets with windows 7, but still a better option than what they had before. If they decide to pick up android sometimes in the future, which there is a small chance of them doing it, their stock will go through the roof. To simplify it, Nokia is in a much better position now. Their windows 7 phones are selling well and will do better each quarter. Nokia still makes quality phones. They are backed by Microsoft and they cut a lot of costs..I just don't see them hitting bankruptcy or going any lower than they are right now.
Thank you Amel, for that eye opening information. never knew that and i've learned a lot about Nokia by you. i will probably have to Email you or something for some more knowledge.
LOL, all that info is available on the internet..just take some time to search for it...but also trade on what you think is the best possible outcome...do not just go by what I say or someone else, no matter who they are.
i am pretty sure it is, and i am just thanking you because of your time to post it. I hear you on that. i will definitely need to look at a lot of companies, therefore i can expand my portfolio.
lol some stocks just went bananas cause it looks like knight capital screwed up a massive order. i've done well today.
Ok my firs time visiting this thread... my mom is interested in purchasing stock... cheap stock. She is on a very low income (disability) but feels the need to support a certain stock that is currently a little over $1.50 a share. She feels at this price, she can afford to buy about 10-20 shares a month of this stock at the current price. Is there a MINIMUM amount of stock she has to purchase,..ie 100 shares or $200 worth? Also, who is the best broker to go with? etrade? scottrade? tdameritrade? What are the fees like to pay these brokers? Thanks.
Congrats. Was talking to my equities buddy who made 7 figures today on DE, HUM, JNPR, VPU etc. Market does not give away free money anymore like it used to, so enjoy while you can get it.
Gold bugs need to be very careful right now. ECB meeting tomorrow and non-farm on friday will determine the next +/- 500 points.
I hate to be a debbie downer, but this doesn't sound good. You're going to run into fees of around $10 for each transaction, so if she can only afford to spend $15-30... well, you can do the math. Cheap stocks are cheap for a reason, they typically suck. You'll get winners here and there, but more times than not, you'll lose your money. IMO, it's better to buy 1 share of something at $100 than 100 shares of something at $1. She's better off putting her money in a savings, or saving up for a while and then getting into the market. Plus, alot of brokers will require a min amount to open an account... or at least they use to.
It was crazy..I have a feeling stocks will rally high tomorrow and Friday because of the jobs report.
