Need advice on BAC and GE
-=DirtBag©
I am down about -10% in both of them.
If I thought they would be moving up soon and by next year be a long
term capital gain i might keep them other wise I am thinking of selling
and offsetting some gains for tax reasons.
Anyone have a positive thought on them.. Are they bottomed out or have
then a ways yet to fall? I really felt they would have done better..
Comments appreciated..
Thanks..
John Galt
Cut bait. Move on.
My $.02.
JG
ausound
$742e...@news.sonic.net:
GE makes wind turbines,aquired uh..I forget which baggage cargo xray
machine company I used to own, but they got that... they make plasma torch
machines
I consider all them big financial stocks as trading stocks, not buy & hold
my thoughts
-=DirtBag©
Thanks.. Appreciate the input John.
-=DirtBag©
Thanks. I value your input.
David
I'm somewhat new to investing and am not a big spender (dont have 10s of
thousands tied up in stocks)... 10% to me isnt much of a loss at all and in
my eyes all it takes is time before you either break even or make a profit.
I personally believe that GE is on the up and up... they just partnered with
a Canadian company for example to build the largest wind farm in western
Canada. Aside from Siemens, GE is the biggest name Ive seen associated with
the wind farms in my area. Check out this article:
http://www.reuters.com/finance/stocks/keyDevelopments?symbol=GE&pn=2
It tells you about their $1.4bil contract to supply turbines for a huge
operation in Oregon, and also about the Canadian JV I talked about above.
And looking at their 5yr high, I think that proves that there is much room
for futher growth of this stock.
As for BAC... I think they're frauds and cheats. I hate their bank and I
hope they go under. SELL this one and keep GE in my opinion.
--
* I use Sogotrade for $3.00 trades, min $500 investment:
https://www.sogotrade.com/Setup/Default.aspx?rf=454039
"-=DirtBag�" <Di...@sonc.net> wrote in message
news:4b3b9728$0$2015$742e...@news.sonic.net...
--- news://freenews.netfront.net/ - complaints: ne...@netfront.net ---
-=DirtBag©
> Hi there,
>
> I'm somewhat new to investing and am not a big spender (dont have 10s of
> thousands tied up in stocks)... 10% to me isnt much of a loss at all and in
> my eyes all it takes is time before you either break even or make a profit.
>
> I personally believe that GE is on the up and up... they just partnered with
> a Canadian company for example to build the largest wind farm in western
> Canada. Aside from Siemens, GE is the biggest name Ive seen associated with
> the wind farms in my area. Check out this article:
> http://www.reuters.com/finance/stocks/keyDevelopments?symbol=GE&pn=2
>
> It tells you about their $1.4bil contract to supply turbines for a huge
> operation in Oregon, and also about the Canadian JV I talked about above.
>
> And looking at their 5yr high, I think that proves that there is much room
> for futher growth of this stock.
>
> As for BAC... I think they're frauds and cheats. I hate their bank and I
> hope they go under. SELL this one and keep GE in my opinion.
>
--begin---
GE's GE Energy Financial Services, Plutonic Power Corporation Purchase
And Prepare To Resume Construction Of British Columbia's Wind Farm
Friday, 11 Dec 2009 08:51am EST
GE Energy Financial Services, a unit of GE, and Plutonic Power
Corporation announced that they have completed their purchase and will
resume construction of the 300-megawatt Dokie Wind Project, British
Columbia's wind farm. GE and Plutonic jointly contributed CDN$52.5
million to purchase the fully permitted project located 1,100 kms
northeast of Vancouver from EarthFirst Canada Inc. The companies have
formed a partnership through which they will construct and operate the
project's first phase, which will have the capacity to generate 144 MW
and is expected to reach commercial operation by early 2011.
Construction is scheduled to ramp up next month, with most of the work
commencing in the spring. The Manufacturers Life Insurance Company
(Manulife) led a syndicate that provided CDN$175 million in fixed-rate
nonrecourse project debt for a 20-year term. Energy from the project
will be sold to BC Hydro, in Canada, under a 25-year energy purchase
agreement.
---end---
Interesting.. GE is only screwed because of its financial arm. That is
still an unknown is my take.. If GE could get clear of it then yea GE
all the way.. But now it is not interesting to the big players.. so it
lags. Thanks for your input David
-Dirt
Ron Peterson
> GE and BAC
> If I thought they would be moving up soon and by next year be a long
> term capital gain i might keep them other wise I am thinking of selling
> and offsetting some gains for tax reasons.
> Anyone have a positive thought on them.. Are they bottomed out or have
> then a ways yet to fall? I really felt they would have done better..
It helps to look at the balance sheet and income statement when making
investment decisions. Although they can be faked, they usually don't
understate the condition of a company.
The tangible book value of GE is very low compared to its market
value, so avoid it.
BAC seems to be OK based on its balance sheet, but some of its assets
may need to be marked down.
--
Ron
-=DirtBag©
hopefully the prospect of long term holds.. But the momentum stopped and
they started retreating then before I knew it they were coughing up
blood <g>
-DB
ausound
news:4b3bc054$0$1978$742e...@news.sonic.net:
this just says GE's further in debt
and will not have any revenue stream from the project
until it's complete, certified and online
David
They are a huge corporation -- i mainly invest in the little guys. I see
purchases and joint ventures such as this as forward pointing momentum,
which may pay off in 6 months, a year or longer. These operations take a
large initial investment -- but then pay off for years to come with minimal
operating costs.
So what are you going to do with your BAC and GE stocks?
-=DirtBag©
I sold them. If GE can get rid of GE Capital and wiggle out of that
mess then it will be back in favor. Right now it is too risky imo.
BAC is too screwy right now too. Both were sells. Sold and moved on.
Best for what is ailing you at times like this..
Blash
Everyone has their own "system" based on their goals, personal situations,
etc.
What works for me may NOT work for you or anyone else.......
I set a pre-determined time-frame of 3 months.....for others it could be 1
day, 1 year or whatever flies your kite.....
At that time, I go over EVERY stock in my portfolio and make a choice on
each......would I buy it today or not........If it doesn't currently fit the
parameters that caused me to buy it, I SELL IT AT THE MARKET.......I don't
worry about taxes or hope to squeeze a couple more pennies out of it,
etc........
David
Interesting... Yes, everyone has their own agenda I imagine. My
pre-determined time frame is 6-18 months.
I sell what I paid for the stock when it nearly doubles -- so I still have
more shares of that stock using "their money". Not always, but when I see
fit. I started my portfolio in Nov. '08 and am currently up 35% based on my
own research and small, diversified purchases..
Take AHD for example. I bought this stock many months ago and it was always
down 20-40% it seemed. Now all of a sudden, this week, it shot up
considerably and I'm now up 12%. It was perhaps one of my worst performing
stocks.
Should I consider selling some of my AHD shares now, or do you still see
some uptrend here?
--
* I use Sogotrade for $3.00 trades, only $500 to get started:
https://www.sogotrade.com/Setup/Default.aspx?rf=454039
Blash
> Should I consider selling some of my AHD shares now, or do you still see
> some uptrend here?
I don'r follow AHD & I don't make guesses with other peoples' money.......
shortT
I liquidate any holding if it goes down %10.
I will then wait for the stock to start moving up before I purchase
again or I move on to another stock.
More often then not I can purchase the same stock much cheaper.
I consider the %10 loss as part of doing business.
shortT
-=DirtBag©
Having a discipline such as that will save you BIG losses. I screw
myself with this time and time again..
David
>> always down 20-40% it seemed. Now all of a sudden, this week, it shot
>> up considerably and I'm now up 12%. It was perhaps one of my worst
>> performing stocks.
>>
>> Should I consider selling some of my AHD shares now, or do you still
>> see some uptrend here?
>>
>
> Looks like R...@7.09 and 7.40. I would sell it if it retreats to $6, if it
> was mine.
Thanks Joe,
Call me a rookie if you will, but why sell if it retreats to $6? Given,
that would be breaking even for me... but why not hold and see if it hits
$8-10 or so within 6 months?
I say this but at the same time agree with you to go ahead and sell it
now/soon. It's been in the red for all these months since i bought it --
and I dont even understand why it just shot up in value this week.
Here's a recent news tidbit:
Dec 30, 2009 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an
Uptrend for Atlas Pipeline (NYSE:AHD) on August 04, 2009 at $4.05. In
approximately 5 months, Atlas Pipeline has returned 56.3% as of today's
recent price of $6.33.
Atlas Pipeline is currently above its 50-day moving average of $3.88 and
above its 200-day moving average of $3.34. Look for these moving averages to
climb to confirm the company's upward momentum.
Thanks for looking into this with me,
David
David
Good, solid advice, thank you sir.
I was a holder of HTE and HLND (both energy stocks) and they both just got
bought out last month. Perhaps there could be something along those lines
for AHD.
I really appreciate your advice, and believe I understand what your "res
lines" refer to. Upper Resistance at two different price levels. It amazes
me how you guys chart and graph 100s of stocks at once.
I'd like to converse with you further about this if possible, it intregues
me.
Sincerely,
David
--
* I use Sogotrade for $3.00 trades, only $500 to get started:
https://www.sogotrade.com/Setup/Default.aspx?rf=454039
> "David" wrote
>>>> Take AHD for example. I bought this stock many months ago and it
>>>> was always down 20-40% it seemed. Now all of a sudden, this week,
>>>> it shot up considerably and I'm now up 12%. It was perhaps one of
>>>> my worst performing stocks.
>>>>
>>>> Should I consider selling some of my AHD shares now, or do you still
>>>> see some uptrend here?
>>>>
>>>
>>> Something going on in the last two weeks to bring in buyers.
>>> Looks like R...@7.09 and 7.40. I would sell it if it retreats to $6,
>>> if it was mine.
>>
>>
>> Thanks Joe,
>>
>> Call me a rookie if you will, but why sell if it retreats to $6?
>> Given, that would be breaking even for me... but why not hold and see
>> if it hits $8-10 or so within 6 months?
>
> My chart shows support @6.28 and 5.47. So, if it gets to $6, it didn't
> find support at 6.28. If there is a good reason for the runup, it should
> continue to rise, IMO. The resistance shows @7.09 and 7.40.
>
>> I say this but at the same time agree with you to go ahead and sell it
>> now/soon. It's been in the red for all these months since i bought it
>> -- and I dont even understand why it just shot up in value this week.
>
> That's it. We don't know. Maybe it's a takeover candidate. If there is a
> good reason for the rise, it shouldn't go back to $6.
>
>> Here's a recent news tidbit:
>> Thanks for looking into this with me,
>>
>> David
>
> YW.
>
David
Interesting...
I made a couple bad buys on some penny stocks... down 50-60% on two of them
at one point. I just doubled up at the new low prices in hopes of a long
term rally at some point.
I will consider this tip in my portfolio -- possibly sell if losses get to
10%. It sounds reasonable. I have also had many stocks rebound tho after
4-8 months. Good tip to look into though for sure.
David
just setup a new one. I tried to email you but it seemed it didnt go
thru. It may have been a problem on my end.
I hope this goes thru properly, this is my first time using this program.
Is your email address the one provided here as your reply to address?
On 1/4/2010 12:49 PM, Joe Dolan wrote:
> "David"<da...@blarfspam.net> wrote in
> news:_Df0n.654$AO4...@newsfe02.iad:
>
>> I'd like to converse with you further about this if possible, it
>> intregues me.
>>
>> Sincerely,
>> David
>>
>
> You can email me if you like. I haven't bought or sold any stocks since 04.
> Just starting to keep up a little lately.
com...@webtv.net
those dividends before you sell.like ,when do they pay their next
dividend? should you wait until after it is paid ?
" FREE AMANDA "
David
New email message sent to your addy just minutes ago...
- David
On 1/5/2010 2:33 PM, Joe Dolan wrote:
> David<da...@blarfspam.net> wrote in
> news:6bO0n.1803$AO4....@newsfe02.iad:
>
> Yes, the auto3...@hushmail.com addy is still working. I don't check it
> very often, but there is nothing there today.
>
>
>> Hi Joe, i am having a few problems with my email/newsreader program so
>> just setup a new one. I tried to email you but it seemed it didnt go
>> thru. It may have been a problem on my end.
>>
>> I hope this goes thru properly, this is my first time using this
>> program.
>>
>> Is your email address the one provided here as your reply to address?
Alan Bowler
>
> I liquidate any holding if it goes down %10.
I've heard this advice lots of times. However, while it would
have saved me some on my losers it would have also eleminated all
of my big winners.
shortT
The %10 figure is arbitrary in this case but nevertheless one must
have an exit strategy imo.
If not, then one could follow a stock all the way down to zero in the
hopes of a rebound.
The way I see it is that 3 things can happen to a stock that is in the
red.
It can continue to go down to zero (like GM, Northern Telecom, etc.),
it can stay there for a long time
before turning around or it can turn around right away. While the
first scenario is definitely undesirable
the second scenario is not that good either because your money could
be tied up for a long time.
By selling at a %10 loss I eliminate the first two scenarios.
shortT
-=DirtBag©
> On Jan 19, 4:38 pm, Alan Bowler<atbow...@thinkage.ca> wrote:
>> shortT wrote:
>>
>>> I liquidate any holding if it goes down %10.
>>
>> I've heard this advice lots of times. However, while it would
>> have saved me some on my losers it would have also eleminated all
>> of my big winners.
>
> The %10 figure is arbitrary in this case but nevertheless one must
> have an exit strategy imo.
> If not, then one could follow a stock all the way down to zero in the
> hopes of a rebound.
Been there done that.. Not a good option.
> The way I see it is that 3 things can happen to a stock that is in the
> red.
> It can continue to go down to zero (like GM, Northern Telecom, etc.),
> it can stay there for a long time
> before turning around or it can turn around right away.
Yea but it is BAC and it is too big to fail..
While the
> first scenario is definitely undesirable
> the second scenario is not that good either because your money could
> be tied up for a long time.
Yup Yup.. This is true.. Depends on where you got in.
> By selling at a %10 loss I eliminate the first two scenarios.
>
Yep.. If you need the money or have a sure deal slamdunker itching
for your money.. But BAC is not going anywhere.. I think it and Citi
will be trading higher this year.. But slam dunk 2-weeks trade it is
not. Better use of money in other companies.. I could name several if
you like. Decide if your a long term or short term investor first. IF
you like me you keep getting them mixed up <smile> Best to correct
that way of thinking IMO.
I sold BAC a while back for same reason. Glad I did.
>
> shortT
>
>
>
Good luck with your decision.
shortT
Well I used to be a long term investor before implementing the %10
rule.
I would purchase a stock... it would go down... and I would wait and
wait for it to go back up lol
I also have lost money following a stock to the ground.
A friend of mine lost a small fortune on GM because he was convinced
they were 2B2F.
This is what I am hoping to eliminate.
> Better use of money in other companies..
> I could name several if you like.
Please do.
shortT
-=DirtBag©
CREE, CY, ID, F,
shortT
Thanks.
CREE up %11 after hours. Should be interesting to watch tomorrow.
shortT
-=DirtBag©
Hope you were paying attention ShortT.. smile CREE
shortT
Damn right I was. wishing I had jumped in way back.
Is it too late?
shortT
-=DirtBag©
My method is not scientific and depends mainly on hunches and snail
trails.
My yahoo chart is like the most perfect of charts.. I would wait to TRY
to get it under a 20 or 50 DMA But fat chance..
Look at the chart below. Trouble is I have been waiting for it to go
under its 20 -50 day MA and it is not doing it.. it is too f-ing good.
Look at that chart steady and consistent. So.. is it too late you ask?
I don't think so. I think it will correct a little and continue up.
CREE owns a lot of good patents on the new lights you have in
everything.. LED, BLUE, LED's and some glass ones that will burn out
your eyes, My Son is trying to get his mitts on a few of the Brightest
lights.. They won't ship them to California though. Lots of good stuff
and it is going into everything.. I think they are just getting going..
But always buy on pullbacks.. USE the 20Day 50Day and 200day charts..
Perhaps ausound will comment using one of his charts.. But here is a
simple one of mine to show the incline..
http://finance.yahoo.com/q/ta?t=1y&s=CREE&l=on&z=m&q=l&p=m200&p=e200&p=e50&p=e5&c=cy
-Dirt <-IDOJS
shortT
>
> -Dirt <-IDOJS
Thanks.
I used another website to view the chart and according to it
Jan 11 2010 was a good time to get in.
I will keep my eye on it.
shortT