Considering the price of iron ore may be depressed for a while it might be advantageous to buy LEAP options of VALE instead of holding the stock out right. But even 1,000 shares right now is only a little over 6K.
I remember filling in an oder for 200 more shares of GM at about 31.85. I didn’t hit the send button because I was already using $8,000 of margin and this would have made GM a massive position. But I would have made about $600 on those $200 shares 3 weeks later. GM is my top pick rgt now.
All 3 of my positions up nicely. I had a GTC order for GE set at 26.94 but decided to cash out those 200 shares are 26.84 to be on the safe side. I still have 500 GE shares. Other positions:
GM – 600 shares with a GTC order to sell 100 shares at 35.45
VALE – 500 shares and waiting for it to come back to the 15.
I will cut my losses on GS losing about $150 in reaction to GS “lower[ing] its U.S. GDP forecasts”. I like to cut my losses quickly if possible. If the economy is crapola than I need to not have financials in my port. Plus someone downgraded GS today too. In GM’s case I am now down 5% which is actually better than most people who own it. It is down 9% this week! My portfolio was up $400 at the open. Then it was down $40 went I went for a run. Now it is $800-$900 down.
On “Getting Rich Carefully”. I always like to hear Jim talk. I think he has a great vocabulary.
I have never owned GM before but bought 150 shares yesterday. Today Congress announces a probe into GM’s recall investigation. And it tanks 5% of value. At 2 different points today I bought 100 more shares each time so I now have 350 shares with a cost basis of 36.21, which means I am currently down 2.9%. Hopefully we will have a bounce tomorrow and people will come to their senses that they shouldn’t trade on news stories or emotion.
Buy order of 172.27 entered for 30 Goldman Sachs which is about 1% under the end of last session. Will go for my morning run and see if I own it later. It dipped below $172 in opening minutes of today’s session.
Yup order was just filled before I even left for jog.
Bought 150 GM at 37. 20 and it’s done .60 cents now. I usually establish a position at about $5000 and watch it rise or if the story is still good and the price is down I will add $3000-$8000 more.
Sold my 15 shares at a loss of about $350, my only loss for this year. It is totally stuck in a range and I bought 5 of those shares right at the top of that range after announcement of the China Mobile deal. It then immediately went down to 520-530 and is just stuck there and I’m guessing will stay there until Jobs is resurrected or Cookie replaced. Apple shareholders are DYING for SOMETHING, ANYTHING!!!!!!!!! I was thinking about it and Jobs only died like 2.5 years ago. Doesn’t it feel like 10 years? Yes because Apple had come up with NOTHING in 2.5 years of waiting. I love and use APPLE products (but not iphone) but this company’s growth is stagnant.
It should be the best and most innovative company on earth and under Jobs it may have been. And I don’t really enjoy the Cookie statement regarding how anyone who doesn’t believe in global warming should sell their shares (or something to that effect, but that is how people understood it). I don’t believe in it (climate change is as natural as the sun rising and setting – ever heard of the Ice Age?) but that is not why I sold it. But I don’t like it when these super politically correct CEO’s who really are often just the PR face of the company say oh yeah well if you don’t like our policy about this-or-that politically-charged issue just sell your shares (like a big baby). Yeah that would be just peachy if every APPL shareholder who doesn’t believe in global warming did that – you’d have the worst plummet for a large cap stock in the history of the market. Even if just 25% or 35% or 45% of the shareholders don’t believe in it. Of course they won’t sell so it is all rhetorical but that is why these CEO’s make these empty threats. It makes the media like them for being politically correct. A smart CEO knows how to articulate his words and say here is why this policy is beneficial to our company and shareholders (owners).
Exact quote for accuracy: “If you want me to do things only for [return on investment] reasons, you should get out of this stock,” Cook told a representative of the National Center for Public Policy Research.
I looked at this again since “Sir” Richard Branson just backed up Cookie and said climate change deniers should “get out of their way.” Sir, if you don’t want to be using up carbon I suggest you find another line of business than Virgin Atlantic (which is a nice airline, BTW) And I hope he always flies around the world on coach, but somehow I think the “Sirs” of the world think that is beneath them and stretch out in First Class, or more likely a private jet.
This morning my 500 GE shares were up over $100 and finally back in the green. 10 mins later it lost all of that and was suddenly down .80% and down over $100. I haven’t checked into why this might be. Will be holding GE until I see a nice 3-4% profit and then will sell, depending where the SP is. It was my only stock radically down 7-8% the last few months and so I am very glad to see it at par now. Good to hold anyway at 3.5% yield.