[Dragnsmke1]

Originally Posted by edwardcyh

Pilgrim's Pride? Wow! Never thought of that. I eat their chicken regularly, but never thought about checking out their stock!

Is it fairly cyclical?

thats what Im hoping against...Im still in the stages of building my foundation...before I go off into risk investing I want about $100,000 in stocks that will net me a solid 10-15% a year...thats why I keep oil, electric, and health stocks...the populaion of the world is always going up so the need for these always increases...the most eaten food in the world even on the sticktiest of diets and relegions is chicken...Im still doing the research topick a company though...

[The Future7]

Originally Posted by edwardcyh

Buy low and sell high obviously means the traditional stock trading principle. You want to buy a stock as low as possible and then sell it at the highest point possible. For example, buy in a stock at $1.00 and steadily hold it until it reaches $3-$4 and then sell it.

There will be plenty of temptation along the way to sell since stocks rarely perform like a "one-way train" (only goes up). Stocks will go up, retrace, go up again, and retrace again. Therefore, there are many traders who would buy and sell the same stock all the way up.... or playing the swing.

For instance, ABC may be trading at $1.43 when you first buy in, and you sell it when it hits $1.80. The stock drops back down to $1.60 and you buy in again, and you sell it again at $1.90. ABC drops back to $1.80 and you get in again... You can repeat this process all the way up, and make even more money than the traditional buy-and-hold. Traditional method would let you earn from $1.43 to whatever the current price is, but swing trading allows you to make multiple smaller profitable transactions....

Of course, the biggest factor you want to include is the COMMISSION. Different brokerage houses charge you different fees, and they DO add up.... I remember my first month of trading accumulated $1,200 in commission (back then Charles Schwab was charging me $39.95 per trade....). Yeah.... I learned and switched broker pretty quickly after that.

I see
When your selling a stock, exactly who are you selling it too?

[edwardcyh]

Originally Posted by The Future7

I see
When your selling a stock, exactly who are you selling it too?

You are selling to individuals, just like yourself, or an institution. People have to buy/sell in order for the stock price to move.

Think of individual stocks like common stocks. You buy 6 rolls of toilet paper now because you think these toilet paper will be worth more in 6 months....

[edwardcyh]

Originally Posted by Dragnsmke1

thats what Im hoping against...Im still in the stages of building my foundation...before I go off into risk investing I want about $100,000 in stocks that will net me a solid 10-15% a year...thats why I keep oil, electric, and health stocks...the populaion of the world is always going up so the need for these always increases...the most eaten food in the world even on the sticktiest of diets and relegions is chicken...Im still doing the research topick a company though...

Wow... your philosophy is as exciting as xray's! LOL...

I've been there and done that, so I definitely understand. I am only using a small percentage for fun these days.

The core of my portfolio is in YHOO, CSCO, DELL, and HD. I almost bought into Ford, but xray talked me out of it, and it was a great thing too.

[xray]

Hey Ed, when's the last time you dumped a pinkie? JMAR's not going anywhere.

There goes $60. That's a decent ticket at the old AAC.

[edwardcyh]

JMAR technology? The Laser people?

How in the world can they operate with revenue of 8-9 mil and lose 11 mil every year?

If my math is not too terribly off, this company doesn't look to turn profit any time soon.

[xray]

Originally Posted by edwardcyh

If my math is not too terribly off, this company doesn't look to turn profit any time soon.

Elementary, my dear Watson.

So I'm looking to dump and run, but there's a little thing about cutting loose the pinkies: commision + a chunk of my profit.

But there was a loss on this one.

[edwardcyh]

I would average down. If you have 60 bucks worth of it, you have more or less 300 shares. If you have some "inside" information or positive outlook on the company, why not buy another 800-1000 shares? This would bring your average price down and give you a much lower exit point. If you *really* have faith in the company, buy 5000 shares of it, and let it sit another quarter or two. If it ever gets back to its formal glory, your reward will be quite handsome....

The daily volume is not bad, so you shouldn't have too much trouble when you are selling.

My assessment of the stock was based on a quick 2-minute glance of the Key Statistics, and it might be different with a little digging.

For crying out loud, I am holding DVW ($1.19 cost) and BBA ($1.12 cost), two stocks that EVERYBODY have written off....

[xray]

I don't mind holding, but volume has sunken lately.

Back to our regulary scheduled programming.

[edwardcyh]

Well.... stock market's been sucking bad in the past several trading days. In fact, it's been sucking so bad that I am down 7% OVERALL. Well... I guess after being up 15% in 2007, it's bound to give back some of the gain.

Maybe it's time to short?!?!?!

[Dragnsmke1]

Originally Posted by edwardcyh

Well.... stock market's been sucking bad in the past several trading days. In fact, it's been sucking so bad that I am down 7% OVERALL. Well... I guess after being up 15% in 2007, it's bound to give back some of the gain.

Maybe it's time to short?!?!?!

good for me!!!Im about to make a pretty big transaction...

[edwardcyh]

Oh yeah.... JMAR.OB looks to be a decent entry point.

Contemplating getting 4000 or 5000 shares for fun.

Need some insights on JMAR.OB please....

[edwardcyh]

Originally Posted by Dragnsmke1

good for me!!!Im about to make a pretty big transaction...

That's because you play safe. I "diversify" my portfolio in Technology and Internet sectors....

LOL...