RP Listener Forum - Radio Paradise

Posted: Sep 28, 2012 - 2:55pm

islander wrote:

SCLR is one where I know some people. It's more of a curiosity thing. ARNA is another biotech that I put a tiny bit into, Interestingly - both biotechs on my list are tiny and tanking hard.

The other 'penny' stocks typically have similar reasons for being watched - Level 3 is my industry and an interesting barometer for a company w/ big capex costs; Q and ALU are former employers, I know people and have some legacy stocks there ( I had Lucent options at $85/share!); OpenWave is a company w/ a local branch and some people I know - they are making an interesting transition in business models as the market changed around them.

CMG has some interesting numbers, but this one scares me: P/E 43.76. And it's a fast food stock. I sold out when the P/E got close to 20 because that wasn't making sense. At nearly 44, those are really expensive earnings you are getting yourself into. There just isn't room for that kind of growth, and you're counting on momentum and the bigger fool theory for future returns. Note that I said that exact same thing when I sold out last year at $100 a share.

Just checked this forum again after quite a while as I need to rollover a 401K & an IRA into another retirement acct. that I plan on managing myself. The IRA is small, so I thought I would utilize that portion in something approaching venture capital-type of investments...frankly, penny stocks. I remembered you had a few on your watch list and glanced over them again. So, if you are willing to discuss it, are congrats in order for investing in Arena Pharmaceutical or was your timing a little off or are you still holding it?!?

Posted: Aug 21, 2012 - 9:10pm

Beanie wrote:

You are easy to impress!

Well I am mesmerized by shiny objects and can't resist the sound of jangling keys... {#Wink}

well, hell, if you like that You're gonna love this; my complete total utter lazy procrastination resulted in me waiting until early 2009 to move my old 401(k) out of a stable money market (at 3% per annum) and into the stock market, back when it was trading around 6500 and some change. It is the only reason I'm not completely in the hole right now. My financial strategy consists of benign neglect.

Aw, go ahead and take credit. I won't tell...

On a related note, you guys are, like, way more paranoid than I am!

It's not paranoia (at least on my part) as much as it is "once burned twice shy". If you lost over half of your net worth (including retirement money) overnight and then was forced to pay a whopping capital gains tax on the money that's no longer there, you'd be distrustful too.

Posted: Aug 21, 2012 - 7:21pm

miamizsun wrote:

Posted: Aug 21, 2012 - 6:02pm

Beanie wrote:

On a related note

Posted: Aug 21, 2012 - 5:31pm

Servo wrote:

So you kept it after the 15% drop? You didn't panic? Outstanding! {#Notworthy}

You're a shining example to us all!

You are easy to impress!

well, hell, if you like that You're gonna love this; my complete total utter lazy procrastination resulted in me waiting until early 2009 to move my old 401(k) out of a stable money market (at 3% per annum) and into the stock market, back when it was trading around 6500 and some change. It is the only reason I'm not completely in the hole right now. My financial strategy consists of benign neglect.

On a related note, you guys are, like, way more paranoid than I am!

Posted: Aug 20, 2012 - 9:14pm

bokey wrote:

Get physical possession and put it in your safe deposit box.A money market will pay maybe a half point. Stay safe.

Even better take it (or at least some of it) home in secret after finding a very good hiding place. I agree that physical possession is important. Don't trust a broker to make your sale fast enough to be in your best interest. They can and have sold their most important client's holdings first, which means that prices have dropped considerably by the time they get around to doing yours.

Posted: Aug 20, 2012 - 9:10pm

Beanie wrote:

Moved about 15,000 of my 401k into gold in mid-2008. Promptly lost about 15%. My investment advisor chuckled and told me I should consider it a " learning experience". Last month, he remarked that I should have moved 50k. Ha ha.

Wondering if it's time to get out now, though...

So you kept it after the 15% drop? You didn't panic? Outstanding! {#Notworthy}

You're a shining example to us all!

Posted: Aug 20, 2012 - 8:47pm

Beanie wrote:

Moved about 15,000 of my 401k into gold in mid-2008. Promptly lost about 15%. My investment advisor chuckled and told me I should consider it a " learning experience". Last month, he remarked that I should have moved 50k. Ha ha.

Wondering if it's time to get out now, though...

Get physical possession and put it in your safe deposit box.A money market will pay maybe a half point. Stay safe.

Posted: Aug 20, 2012 - 8:40pm

Moved about 15,000 of my 401k into gold in mid-2008. Promptly lost about 15%. My investment advisor chuckled and told me I should consider it a " learning experience". Last month, he remarked that I should have moved 50k. Ha ha.

Wondering if it's time to get out now, though...

Posted: Aug 20, 2012 - 7:53pm

i'd invest in a nest of bowl eggs
props to ov & buzz

Posted: Aug 20, 2012 - 7:37pm

Servo wrote:

I see. You simply consider yourself above personal responsibility. Real classy...

Yes,I consider myself above personal responsibility. {#Rolleyes}

You are such a wise man,I bow in your exalted presence.

Posted: Aug 20, 2012 - 7:31pm

bokey wrote:

Nope,I just said he was Bush3

I see. You simply consider yourself above personal responsibility. Real classy...

Posted: Aug 20, 2012 - 5:53pm

Servo wrote:

Could you please explain how President Obama did this all by himself, without Senate confirmation? While you're at it, please explain how the decision to keep Bernanke is directly connected to Obama acting alone to destroy America? For example, how did Obama get Bush, Cheney et al. in on his diabolical scheme? Are you saying that President Obama has irresistible, God-like powers to make people do his will?

I mean, if President Obama really is this deity, the wise move would be to fall down and worship him, and beg for his favor, wouldn't it?

And if he's not a god, and is only a man operating under the constraints of the Constitution, aren't you just singling out Obama to be a scapegoat for the sins of all of the GOP politicians that are on record as doing what they did?

Nope,I just said he was Bush3.

Posted: Aug 20, 2012 - 5:48pm

bokey wrote:

One word-Obama re-appointed Bush's Fed chairman.There is nowhere to invest.You can't even get a 1.5 % CD.Obama's destruction of America marches on.

Could you please explain how President Obama did this all by himself, without Senate confirmation? While you're at it, please explain how the decision to keep Bernanke is directly connected to Obama acting alone to destroy America? For example, how did Obama get Bush, Cheney et al. in on his diabolical scheme? Are you saying that President Obama has irresistible, God-like powers to make people do his will?

I mean, if President Obama really is this deity, the wise move would be to fall down and worship him, and beg for his favor, wouldn't it?

And if he's not a god, and is only a man operating under the constraints of the Constitution, aren't you just singling out Obama to be a scapegoat for the sins of all of the GOP politicians that are on record as doing what they did?

Posted: Aug 20, 2012 - 5:05pm

mzpro5 wrote:

One word - plastics.

One word-Obama re-appointed Bush's Fed chairman.There is nowhere to invest.You can't even get a 1.5 % CD.Obama's destruction of America marches on.

Oh well. I'll be dead one day and in the meantime there's baseball.

Back to baseball>>>>>>>>>>>

Posted: Aug 20, 2012 - 5:00pm

One word - plastics.

Posted: Aug 20, 2012 - 4:55pm

starcloud wrote:

Saw this posted on FB by a friend:

"I was buying 90% silver quarters at 2.90 a year ago. Right now they're worth 6.30 a piece!!! Holding on to your paper is a bad idea at this point ... At the very least you could save your nickels. They're worth seven cents in their metal content."

There are all kinds of precious metal hucksters coming out of the woodwork these days. That alone is a good sign that the worst of the recession is behind us. They buy low and sell high. They're not spending all that money on late night TV commercials out of altruism; they want to fleece gullible investors. This has been going on forever...buy low, sell high.

Based on my lifetime experience in investing in various financial instruments, I will never put a substantial amount of money into corporate stock. I might invest in bonds one day, if the return makes it worthwhile. The first thing I want to invest in is in arable land. Real estate that I can live on and use to grow food if necessary. I'd buy now if I had the money or the ability to finance it. When (and possibly where) the economy gets to the point that precious metal prices fall as low as they're likely to get, I'll buy some as a hedge against inflation. Other than that, I'll invest in things I can trust, like myself.

Posted: Mar 3, 2011 - 7:36pm

Saw this posted on FB by a friend:

"I was buying 90% silver quarters at 2.90 a year ago. Right now they're worth 6.30 a piece!!! Holding on to your paper is a bad idea at this point ... At the very least you could save your nickels. They're worth seven cents in their metal content."

with this link

Posted: Mar 3, 2011 - 6:25pm

buzz wrote:

kinda like Green Stamps.

lick and stick, lick and stick

eww

Posted: Mar 3, 2011 - 5:38pm

kurtster wrote:

Buy Forever Stamps.

Guaranteed to increase in value, probably exceed inflation.