Buying Opportunity?
RWB
Posts: 8,082 ✭
Based on reports from foreign stock markets, we can expect the NYSE and NASDAQ to open significantly lower on Tuesday. Given the downward trend of many stocks since August, now might be a fine time to do some selective buying for short term profit.
I can’t tell you what to look for because that would be giving investment advice.
You can use the profits to buy more coins.
(Disclaimer: I have no business association with any brokerage or agent.)
I can’t tell you what to look for because that would be giving investment advice.
You can use the profits to buy more coins.
(Disclaimer: I have no business association with any brokerage or agent.)
0
Comments
<< <i>I can’t tell you what to look for because that would be giving investment advice. >>
GOLD
Velocity, Not Valuation Defines A Bubble.
Last night I placed a Buy order for STI (Suntrust Banks, Inc. – a regional bank and not a big player in bad mortgages – at $55.00. I also placed a limit Sell order at $60.50 which was my estimate of the maximum change (10%) under present conditions. Both orders were executed today for a profit of $5.50 per share less $24 commission. Total time invested – approx. 1 hour. Cost of margin funds from broker – less than $1.75.
The day low, so far, was actually $54.30 and the high so far was $61.97. Perfect analysis would have produced $7.67 per share or and additional 20%. The same could have been done with many stocks, so long as one avoided “money center” and “mortgage banker” companies, and ones heavily into derivatives. After taxes (at normal rates – not capital gain) I’ll have enough to take care of one kid’s college tuition for all of next year. And maybe buy a nice coin, too.
(The above is filed under the "contrarian" philosophy.)
<< <i>Based on reports from foreign stock markets, we can expect the NYSE and NASDAQ to open significantly lower on Tuesday. Given the downward trend of many stocks since August, now might be a fine time to do some selective buying for short term profit.
I can’t tell you what to look for because that would be giving investment advice.
You can use the profits to buy more coins.
(Disclaimer: I have no business association with any brokerage or agent.) >>
Brother, your implication is that stocks are now ripe for picking. Isn't that giving investment advice?
<< <i>The same could have been done with many stocks, so long as one avoided “money center” and “mortgage banker” companies, and ones heavily into derivatives.
<< <i>
And with many others you would have lost your shirt...
Random Collector
www.marksmedals.com
What I described above is the equivelent of "flipping" coins from an auction. But, there are several parallels between coins and stocks (or other things) when it comes to accumulating or investing for the long term.
1. Understand what you are buying – the coin’s real grade (not some slab or sticker); a company’s fundamentals.
2. Buy what is appealing to you – the coin’s design, history, etc.; a company’s products or services.
3. Learn about what you are buying – what do 1909-S VDB cents look like, how struck, when and why, how many might exist, etc.; how does this company compare with competitors, with its own past products, what do users think, what is future demand?
4. Buy right – be patient and look at many 1909-S VDB cents before you buy the best value; be patient and look for market dips or events that let you have the best value.
5. Avoid promoted, hyped and over sold. If “everybody” is buying it, then “everybody” will soon be selling it.
There are some fine coin “investment” books on the market, but you can use similar approaches to stock, soy beans, and Slim-Jims. What oyu haev already learned from coins can be extended to other things.
End of post….now back to numismatic stuff.