I'm in university right now and i have a reasonable amount of savings in HKD. HK interest rates are extremely low.
I'm wondering if it would be wise to invest it in to some blue chip stocks rather than let it sit in a FD account and gain pretty much nothing during the 3 years which i am in uni.
I'd really appriciate your views on what i should do. (which shares/bonds)
My out of the blue hunch picks are
MSFT, DELL, GOOG and WMT.
also could consider some oil stocks.
Thanks for your time and looking forward to your views.
Regards,
Toothpick
Posts: 202 | From: Hong Kong/Birmingham | Registered: Jun 2007
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posted
I would consider mutual funds. And possibly even a whole life insurance policy. Maybe a small portion to some decent stocks that are undervalued. Most of my money is vested long term and only a little to play with stocks. Mainly because I am still learning. Good luck.
I'm sure others here have better ideas for just a 3 year return. Good luck!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
If you are thinking of individual stocks I personally like the Tech sector right now. If you are looking for minimal risk csco just reported a great quarter and the ceo was very optimistic about future global growth I also believe that larger financials like goldman, Citi, Morgan .... have been beat up pretty good with the Sub prime issues. May have some more dowside but I think they recover nicely in your three year window. Commodities are also a good bet. Big demand and have been beaten up. Fcx, bhp, rio are examples
Posts: 49 | Registered: Jun 2006
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Unfortunatly i wasnt able to start trading on friday where i predicted on a hunch the market would recover.
already learnt my first lesson as i did not consider the time required to change my HKD to USD and then banking the cheque.
I will be able to join on tuesday and will be using my dad charles schwab account as etrade dont seem interested after i applied for a account.
Do you guys recon i should watch for a few more days before joining since this morning the asian markets seem to be recovering which my lead to a good day in the US and slighty higher prices for the shares i want?
Posts: 202 | From: Hong Kong/Birmingham | Registered: Jun 2007
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posted
Actually i just got a call from etrade saying i'm fine if open a account
Posts: 202 | From: Hong Kong/Birmingham | Registered: Jun 2007
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
I don't know how much you know ~ I know enough to lose your money in 1 day or less. Some of the good looking stocks will still drop. Even if they are on the top 10 lists today doesn't mean they'll be there tomorrow. Finding the right time to buy is still only an educated guess at best but your risk will be lower if you take the time to learn some chart reading and how to investigate a company. Learning when to sell is also important. Don't expect to buy and then 3 years later it will have gone up. Best of luck to you. Hook up with some of the experienced people on this board through private message if you have to to get their attention.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Hard to keep money in your pocket isn't it? as far as xom i think it will continue to downtrend a bit over the next few months. I don't like to give buy and sell recommendations (actually I won't). I'm thinking from the charts you may be able to get some in the '70s in the next few months. That doesn't mean it won't peak up a bit more along the way.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
The peak of 93.25 was the turning point imo. Not that it can't get there again and there is good things happening for xom. Prices are sliding. This added with the charts imo will drag this down a bit. Some of the indicators appear to be weakening (accum, . I like to look at more than just a couple months. Look at the 1 year and 3 year charts. Support imo is in the mid $70's imo I wouldn't be surprised to see another hit on 87 before it turns down again but if your looking for long term I think a bit more research could be done. Keep in mind this is just my opinion. And I hope you go green your whole 3 years. You pick your stocks based on your own research. Remeber no one should say when to buy or sell ~it is your choice. Notice how many times I said imo. lol. Best of luck. I'll keep this on my watch list as well.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by toothpick: Hi everyone,
I'm in university right now and i have a reasonable amount of savings in HKD. HK interest rates are extremely low.
I'm wondering if it would be wise to invest it in to some blue chip stocks rather than let it sit in a FD account and gain pretty much nothing during the 3 years which i am in uni.
I'd really appriciate your views on what i should do. (which shares/bonds)
My out of the blue hunch picks are
MSFT, DELL, GOOG and WMT.
also could consider some oil stocks.
Thanks for your time and looking forward to your views.
Regards,
Toothpick
Trade... don't invest... no one and i mean NO ONE not even Warren Buffett can predict what a stock will do for the next 3 years with absolute certainty. At least with trading you make your profit and you get out and look for another good stock. "Flip" stocks over and over and it will grow. Hell, do a experiment.
Put money in a mutual fund, put equal amount of money in blue chip stocks holding for 3 years and last but not least put equal amount of money in a trading account so you can flip stocks. With these three accounts see which one gives you the most gains in 3 years without adding to the accounts.
My bet is the trading account if you learn how to trade then the old buy and hold method with the blue chip stocks or entrusting your money to a fund manager where you own very little of a stock because it's saturated with "investors" for that particular fund. Plus you have very little control in the Mutual fund.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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do you mind telling me why you see XOM heading towards a downtrend?
I'll tell you exactly why and it has nothing to do with Fundamentals or any fancy indicator/oscillator. This is a method I use with a simple indicator. The stock is at Resistance (RSI 50). And it is below it's 3 Moving Averages. A double whammy in terms of RESISTANCE. Until it breaks through RSI 50 (I don't even use this indicator as a overbought/oversold vehicle but only as a SUPPORT/RESISTANCE one) it will just bounce right off of RSI 50 and head down. Make sense? I think so. Don't believe me? Look at the chart for this stock with it's RSI and look at charts of other stocks and how they react to RSI 50 no matter which side of RSI 50 a stock lies on. If above it then RSI 50 acts as Support. If below it then RSI 50 acts as Resistance. When the stock breaks Support or Resistance then a new trend begins whether a uptrend or downtrend.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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do you mind telling me why you see XOM heading towards a downtrend?
I'll tell you exactly why and it has nothing to do with Fundamentals or any fancy indicator/oscillator. This is a method I use with a simple indicator. The stock is at Resistance (RSI 50). And it is below it's 3 Moving Averages. A double whammy in terms of RESISTANCE. Until it breaks through RSI 50 (I don't even use this indicator as a overbought/oversold vehicle but only as a SUPPORT/RESISTANCE one) it will just bounce right off of RSI 50 and head down. Make sense? I think so. Don't believe me? Look at the chart for this stock with it's RSI and look at charts of other stocks and how they react to RSI 50 no matter which side of RSI 50 a stock lies on. If above it then RSI 50 acts as Support. If below it then RSI 50 acts as Resistance. When the stock breaks Support or Resistance then a new trend begins whether a uptrend or downtrend.
Thanks for the advice boodog. i'd appriciate anything else you have to say btw.
Thanks Machiavelli , i'm really interested in what you've mentioned about. I will consider those 3 accounts but i dont think i have that much capital.
do you mind explaining to me using a chart off stock charts? is that the site you use?
just out of interest, what Investing Philosophy do you guys embrace? or do you use techniques?
I have a book on the "canslim" method which i am reading now. what do you guys think of that approach?
so should i set to sell my shares around $87 just to be safe and move on to another one?
thanks in advance,
regards
Posts: 202 | From: Hong Kong/Birmingham | Registered: Jun 2007
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posted
Also if i let go of XOM at around $87-90. (advice on a price would be appriciated)
What are your views on DVN and PTEN? it looks like they've bottomed and their previous highs look attractive.
Posts: 202 | From: Hong Kong/Birmingham | Registered: Jun 2007
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quote:Originally posted by toothpick: Also if i let go of XOM at around $87-90. (advice on a price would be appriciated)
What are your views on DVN and PTEN? it looks like they've bottomed and their previous highs look attractive.
Mach has made a very good point imo. My pick on xom to bounce on 87 is purely optimistic. It may pass right by or not even get close. That's what mach is trying to tell you. There is so much to learn. As far as philosophy???? I prefer the BooDog method.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Here is an older article that may lead to further research for you. http://www.capmag.com/article.asp?ID=2455 there are plenty of free resources out there. Some mentioned in the links above. Using different strategies and coming up with what works for you (hence my BooDog method) takes time to develop. I am still far from mastering any method. But I am also taking my time more so than when I first jumped in last year. There are even more methods to consider; the momentum method, the Darvas Method, and even the factors from Mark Bowser (making dollars with pennies). There is so much out there imo. Practice, practice, practice. Be patient and ask questions. There are some wise members here that can help you. I'm reading some of the internet stock trading books now, (scam dogs and momo mamas) might bring back some memories for the salty dogs. Gotta make your own choices and do your OWN research before you press that buy button.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Thanks guys for your advice I have set my "stop loss" at 8% and thanks for tell me to ask more questions i was really worried i'd be a bit too chatty.
So generally, you all are suggesting i sell XOM and look for something else right?
I'll admit that i bought XOM purely though looking genrally at its performace in the past i though that buying it at 82.81 was quite good.
On the website i use to trade, it was suggesting that using past data it would return around 24% in 1 year and 100% in 3.
I guess thats on past data and out little outlook in the furture.
But isnt XOM a blue chip and relativiely save to hold on to? I'm guessing your all suggesting i wait till the next big dip and stock up more whe the shares are i nthe 70's range right.
thanks in advance for your replies. when i finsh my current book i will start reading books on chart reading
Posts: 202 | From: Hong Kong/Birmingham | Registered: Jun 2007
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do you mind telling me why you see XOM heading towards a downtrend?
I'll tell you exactly why and it has nothing to do with Fundamentals or any fancy indicator/oscillator. This is a method I use with a simple indicator. The stock is at Resistance (RSI 50). And it is below it's 3 Moving Averages. A double whammy in terms of RESISTANCE. Until it breaks through RSI 50 (I don't even use this indicator as a overbought/oversold vehicle but only as a SUPPORT/RESISTANCE one) it will just bounce right off of RSI 50 and head down. Make sense? I think so. Don't believe me? Look at the chart for this stock with it's RSI and look at charts of other stocks and how they react to RSI 50 no matter which side of RSI 50 a stock lies on. If above it then RSI 50 acts as Support. If below it then RSI 50 acts as Resistance. When the stock breaks Support or Resistance then a new trend begins whether a uptrend or downtrend.
Thanks for the advice boodog. i'd appriciate anything else you have to say btw.
Thanks Machiavelli , i'm really interested in what you've mentioned about. I will consider those 3 accounts but i dont think i have that much capital.
do you mind explaining to me using a chart off stock charts? is that the site you use?
just out of interest, what Investing Philosophy do you guys embrace? or do you use techniques?
I have a book on the "canslim" method which i am reading now. what do you guys think of that approach?
so should i set to sell my shares around $87 just to be safe and move on to another one?
thanks in advance,
regards
I use Bigcharts.com though stockcharts.com is also good.... i just like my charts BIG no matter what site i use lol
As for my RSI 50 theory... as of Thursday night check out the charts for both XOM and FEEC (big board stock and penny stock for comparisons). Both are reacting the same when they are near RSI 50. They are reacting to it as if it's RESISTANCE even though RSI is not a price.
As for books. The ones i love are:
A Beginner's Guide to Short Term Trading by Toni Turner
The Candlestick Course by Steve Nison
How I made $2,000,000 in the Stock Market by Nicolas Darvas
Trend Following by Michael Covel
The Market Wizard series by Jack D. Schwager
Reminisces of a Stock Operator by Edwin Lefevre
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
don't take my opinions as advice toothpick. you gots to do your own research and make up your own mind.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
thanks for the advice boodog. i really do appricaite it.
so far its been a good first step for me but i will always take in to regard the advice you have spoke to me about.
at $85 i've made around 1/4 of my income for a summer job in 3 days of trading.
i will read the books you mentioned no doubt.
i have set my limit as $87 just for safety although with my 'out of the blue' hunch i think it may match the recent high of 89-90. but i am talking out of my rear end to be honest.
i will study charts, as i believe they are the way forward for me in trading. i have trust in statistics, i do not mind missing to occasional 'moon' or run.
i still look forward to your advice on XOM.
regards
Posts: 202 | From: Hong Kong/Birmingham | Registered: Jun 2007
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a mega hedge fund group- this one should be a great play over the next few years
The Blackstone Group L.P., through its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in four segments: Corporate Private Equity, Real Estate, Marketable Alternative Asset Management, and Financial Advisory. The Corporate Private Equity segment engages in private equity investing through five general private equity funds and one specialized fund focusing on media and communications-related investments. Its corporate private equity funds pursue various transactions, including leveraged buyout acquisitions of seasoned companies, transactions involving start-up businesses in established industries, turnarounds, minority investments, corporate partnerships, and industry consolidations. The Real Estate segment manages six general real estate opportunity funds and two internationally focused real estate opportunity funds. Its real estate opportunity funds invest in lodging, urban office buildings, residential properties, distribution, and warehousing centers, as well as various real estate operating companies. The Marketable Alternative Asset Management segment engages in the management of funds of hedge funds, mezzanine funds and senior debt vehicles, proprietary hedge funds, and publicly-traded closed-end mutual funds. The Financial Advisory segment provides mergers and acquisitions advisory services, restructuring and reorganization advisory services, and fund placement services for alternative investment funds. Blackstone Group Management L.L.C. operates as the general partner of the company. The Blackstone Group L.P. was founded in 1985 and is headquartered in New York, New York with additional offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco, London, Paris, Mumbai, and Hong Kong.
Posts: 1551 | Registered: Feb 2006
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posted
ahh.. most of us know who Blackstone is.. you would have to be dumb and blind not to know who they are... As for playing them... we'll you are speculating on it... same as looking into a crystal ball or shooting darts... no one can predict the future of any stock with all certaintity...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by Ace of Spades: XOM's MACD JUST CROSSED...I say it goes back in the 90's...
Now I can say that this may be a stock to play for the short term now that is has crossed RSI 50 (Resistance) but it's still dangerously close of going back down the RSI 50 because it's barely above it. But after hours has it at $86 with decent volume so this could be a uptrend for it. Don't be surprised with a pullback though on monday or tuesday.
FEEC on the other hand is still Resisting going past RSI 50 if you look at it's chart to see what i mean. And that is the reason what I look at RSI as Resistance/Support and not as a indicator/oscillator.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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