Any of you all do it?
I had to pick a stock for my macro econ class that I think will go up the most in a few weeks ... I know that's not day trading, but yeah.
I picked Bear Stearns last Monday at $4.81, it's now $12.11 w/a day's high of $13.85. I wish I sank like $1k into it last Monday. Even by last Friday I would've had like a $500 capital gain. Otherwise, 300% growth is awesome, I bet it gets around $15 when it tops out.
If I had the money I would. I have tried doing fantasy ones but I just don't get the same excitement since it's not real money.
Yeah. I'm gonna cash in(?) a couple of CDs and start putting $500 here & there. See what I can get done.
yeah...i'm broke.
Quote from: CrAz3D on March 24, 2008, 02:14:42 PM
Any of you all do it?
I had to pick a stock for my macro econ class that I think will go up the most in a few weeks ... I know that's not day trading, but yeah.
I picked Bear Stearns last Monday at $4.81, it's now $12.11 w/a day's high of $13.85. I wish I sank like $1k into it last Monday. Even by last Friday I would've had like a $500 capital gain. Otherwise, 300% growth is awesome, I bet it gets around $15 when it tops out.
We were talking about that today in my econ class actually. Some people had picked up the stock when it was down at like $1.50, and now are essentially millionaires due to the huge appreciation.
Visa.
Quote from: Deuce on March 24, 2008, 03:04:47 PM
Quote from: CrAz3D on March 24, 2008, 02:14:42 PM
Any of you all do it?
I had to pick a stock for my macro econ class that I think will go up the most in a few weeks ... I know that's not day trading, but yeah.
I picked Bear Stearns last Monday at $4.81, it's now $12.11 w/a day's high of $13.85. I wish I sank like $1k into it last Monday. Even by last Friday I would've had like a $500 capital gain. Otherwise, 300% growth is awesome, I bet it gets around $15 when it tops out.
We were talking about that today in my econ class actually. Some people had picked up the stock when it was down at like $1.50, and now are essentially millionaires due to the huge appreciation.
$2.84, but yeah. And some people lost SHIT TONS because of the plumet (English dude lost $1b I recall reading)
warz, yeah. MUCH safer trade, but the gain isn't NEARLY as much. Only the first two or so days were good (that's day trading, yeah).
BSC, I figure, will top around $15 (unless something else big happens), I mean it IS a friggin' billion dollar company that was going for mere millions.
I'm actually starting to not regret my hundred or so shares in Walmart it actually jump up about three - four dollars and has kept steady since last week.
Well, I should clarify - you wouldn't want to day trade with Visa (I hope that's obvious). It's impossible to chart Visa since it's so new. It's one of those you'd invest a thousand, or so, into and wait several years.
You can make bucks in the first few days of an IPO, but yeah ... wait it out definitely.
Well! I decided I wanted to put some extra money into the stock market. Looking to spend about $150-$200 for now, just researching for a bit.
Not BSC anymore :(.
So I basically DESTROYED my class with the Bear Stearns pick! hahahahaha
When I picked it I figured $9 tops, unless someone else bid higher than JP's $2/share (hella low bid). Once JP bid at $10 and the stock hit $13+change I figured I'd be in the top part of the class.
Prof announced the highest capital gains percent today, I had 112% ($4.81 to $10.22 when he checked on friday) and the second place dude had 18% growth. Prof gave us top two dudes a slick NMSU pen set. Yay a ball point and fountain pen. They look sharp, too bad the fountain pen is so impractical.