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Post by dyuman on Sept 9, 2008 12:48:55 GMT -5
So I bought shares of Faennie Mae at .93/shr (100 shares). Long term investment that come 20 years down the road where the government take over ends it should spike the price over hype if the housing market is remotely decent.
Looking to make decent profit if it's even remotely near $10/shr price.
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Post by Pikachu on Sept 9, 2008 17:31:53 GMT -5
I thought about doing the same thing, actually. The only thing that stops me from doing it right away is the idea that a company can be so f'n big that they government won't even allow it to fail. That is actual facism at work here.
But $.93 a share, huh? Damn... let's see if anything is done where people intervene in the intervention process.
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Post by dyuman on Sept 9, 2008 22:35:05 GMT -5
i'm possibly looking to put in more after today's performance. Settled at .99/shr in a day (36% gains from yesterday).
It's kind of a crash and burn like a mad man stock or make tons of cash.
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Post by Pikachu on Sept 9, 2008 23:19:32 GMT -5
It's a good idea, though. There is no fucking way the government won't make sure the companies eventually create some sort of return for remaining stockholders. If government intervention doesn't work, the repercussions would be nuts.
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Post by dyuman on Sept 25, 2008 10:33:37 GMT -5
FNM = 3x up.
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Post by dyuman on Sept 30, 2008 22:13:11 GMT -5
I'm starting to look into short selling. Still figuring out the specifics on it, but basically you bet on stocks going down and make money when it dies.
Problem is that you pay the difference if it goes up, so can lose a lot (in theory unlimited amounts, but not realistically so), but pocket the difference if it goes down...
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Post by Pikachu on Oct 7, 2008 16:35:48 GMT -5
AMD just spiked a bit today over their deal with Abu Dhabi. A bunch of brown people dumped billions into their chip production line. I doubt AMD will overtake Intel or anything, but it might be a good short term investment to watch them climb up a bit more and sell next quarter.
Activision Blizzard is nice and low now. Think I might load up on that and wait until whenever they release D3/SC2, then sell when they report their Quarter earnings... that or if they experience a spike after the holiday season, that'll be good too.
Otherwise, I'm watching banks to see them plunge down like mofos, then buy as they hit rock bottom. The banks that have hung on at this point should be able to recover.
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Post by dyuman on Oct 7, 2008 18:28:38 GMT -5
Didn't know there was stock for acti-blizzard, must have beena fter the merger. Blast... they just split last month too.
Gaming stocks are a bit weird. Investors should know that Diablo 3 is coming out, as well as Wrath of the lich king and SC2, but they feel that the current price is what it's worth (peaks around 18 bucks in good times).
But the hard thing to tell is does wall street actually know how big a deal Diablo 3, Wrath, and SC2 are, or are they oblivious to it and will jump on it after the crazy numbers are shown? Thats the real question.
I had a similar situation with FXI my chinese ETF, were the Olympics incorporated into the price? At the time that I bought, no, 1 month prior to the olympics yes.
Market is getting painful to watch. It's safe... but ouch.
Nintendo I bought around 65, it is now 40.
My german ETF bought at 11, now 7
My China ETF bought at 39, now 28
Intel bought at 19, now 16
BRLC bought at 10, now bankrupt
Fannie Mae bought .93, now 1.20 *yay*
Transfering cash to go into Las Vegas stocks - ( MGM ) and Blizzard, about 1k total.
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Post by dyuman on Oct 7, 2008 18:48:27 GMT -5
Oh also, AMD is going nowhere long term. Despite the investment they won't have a sudden surge in sales or anything like that from this.
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Post by Pikachu on Oct 7, 2008 18:50:47 GMT -5
I really shoulda bought FNM when you did... me and my laziness. Doesn't matter, though... really long term, FNM will grow back.
I read a few articles about the current opinion on the video game market. Activision-Blizzard is among the better ones to invest in. People are being hella irrational right now and just dumping all their stuff. The irony here is that human irrationality will be the key to making the prices on stocks rise after this drop. Think about it - people will cut back on their vacations, gas, gifts for other people... but if irresponsible people have anything to show for it, they'll starve in order to purchase the latest hit game. Broke people ALWAYS find a way to fund gaming. Let them think the industry won't do well and keep the expectations low, and when Q4 profits are released, sell.
Edit - I may cut AMD loose if things go very bad for it tomorrow. The "feel good" political and business leader support might hopefully last, but we will see.
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Post by dyuman on Oct 8, 2008 9:53:08 GMT -5
Dow's gonna hit 8k
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Post by Pikachu on Oct 8, 2008 15:49:47 GMT -5
People are getting all pissy because California needs a bailout. We need a bailout because no credit is available for day-to-day operations... just like it is for the massive conglomerates that provide the consuming American with enough to make King Solomon blush. No one wants to do a bailout, but everyone whines that their vaginas hurt because they can't get loans. Where the fuck does this make sense? Cali is the 6th largest economy in the world. Yes, we have a doofus government (but we're just a miniature reflection of the US in general), but we, like the country, are too important to fail. Arrogant? Yes, but you can't argue with the numbers and the output we provide for this country. The fact that this state exists has added to the credibility of the US (hence our massive borrowing) which has fueled our comfortable lifestyles regardless of where we live in this country.
So many damn whiners out there who like to bitch as if they're the little guy who is getting raped, and offer opinions when they have no experience in managing anything and understanding why it's so important to get cash flowing again, even if it means some necessary evils.
PS - AMD hates me. Activision-Blizzard doesn't change much when you view it day to day, but it fluctuates a good range in the mornings. If you can buy low at the opening of the day, you can try to sell it when it peaks within the first two hours of trade.
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Post by Pikachu on Oct 10, 2008 9:56:55 GMT -5
Fannie Mae down like a motherfucker. WTB liquidity plz.
EA still doing decently in the midst of this gangbang. They must work for Satan.
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Post by Pikachu on Oct 13, 2008 16:15:10 GMT -5
Banks for the win. Finally getting credit back. Buy if you have the balls.
Never had a chance to buy stocks when they bottomed out last week because I was always out picking kids up when the markets closed. Everything on my watch list was up today. EA and Activision-Blizzard are seriously good video game companies right now.
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Post by dyuman on Oct 15, 2008 23:53:54 GMT -5
Putting in 500 into blizzard. I think a lot of major investors are looking the other way from Wrath anticipation because of all the other news around.
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