Stock Picks

[LadyHoldem]

Hey guys

My daughter, who will be using my acct in this thread.. is looking for some advice picking stocks for a class .

Thanks

Cathy

[Gydian]

I've dabbled in the stock market for a few years now, and a few things I learned really fast were to:

A. Watch the news. It's the greatest stock tip supplier ever.

B. Research every company you're going to invest in as much as possible. I've saved myself quite literally thousands by spending a few hours researching companies before I invested in them.

C. If it's only going to be a hobby (Not a hardcore day trader) then try to pick stocks that revolve around your own interests. It makes it immensely easier to keep track of them, and see the trends and whether they're going to rise or fall.

D. Certain stocks perform better in certain seasons. Always know when to get out if you're running something that's more seasonal, and always keep track of the stock trends.

E. Penny stocks are nice, but they've got as big a chance at making you tons of money as hitting the lotto. Although low numbers of shares don't always yield higher results, they do allow you to pull out and push in more often meaning buying low, selling high and reinvesting again when it drops again.

F. Always listen to your gut. If you feel like the stock is going to drop, pull out. So many times I've seen people that're up a small bit start thinking it's going to drop, and they don't act on it, and then it drops and they're negative.

G. If time isn't a factor, the majority of stocks will always go back up. Granted, there are some that won't, and it's inevitable, but I can safely say that 85% of the stocks I've invested in that have dropped me into the negative have eventually gone back positive.


These are just some things I've learned. I've made quite a bit of bank over the years off the markets (gotta have a retirement fund, huh?). Take what you will from it.

[Jeremy]

Companies who supply the auto industry might have a nice bounce next week since everyone has been speculating for the past few months and now they got the $$$.

Don't listen to me though, I lost a ton of money in 08. Oops.

[Gydian]

Companies who supply the auto industry might have a nice bounce next week since everyone has been speculating for the past few months and now they got the $$$.

Don't listen to me though, I lost a ton of money in 08. Oops.

Forest industry was also approved for a bailout. Their stocks are also going to go on the rise.

[corpfan1]

Depends what you are looking for really...

If you want dependable money makers for 09, look to stocks like:

Johnson N Johnson (JNJ)
Walmart (WMT)
Altria (MO)

Things people will spend money on NO MATTER WHAT. And places they will spend it.

But 2010 should be a bonanza for all beaten down stocks!

[Jeremy]

The maker of Blackberry - (Research In Motion)

[MJ]

Allstate is still undervalued as it's been lumped in with "all" insurance companies, but their portfolio is very liquid and they had very very slight exposure to sub-primse, next to none.

[Gydian]

The maker of Blackberry - (Research In Motion)

You have RIMM too, huh? My dad and I have been working RIMM like a mule. We bought in ages ago and sold it when it was over 140. Just about time to hop back in. Waiting for it to drop down to 36 (which shouldn't take long). They're claiming it'll go back over 80. Definitely one of my favorites.

Diana Shipping Co (DSX) was another one we held for a while til gas plummeted, and bought back in around 8ish per. She's a good one too.

[TRIPAAA]

Green energy companies stocks are a total steal right now, also for the long i would still pick REIT's that have a lot of commercial property. They are so low i cant buy enough. Think 10 years + out.