1. #1
    bigboydan
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    I think I'm going to start buying some stock

    You guys can push the panic button all you like. However, I think it's the right time to start buying and will do so. The only question is what stocks should I buy.

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  2. #2
    durito
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  3. #3
    Kaps
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    start buying ....agree 100%

    grab some oil products while your at it

  4. #4
    jjgold
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    Bank Stocks
    Apple

    Bald
    & Proud
    of Myself -jjgold

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  5. #5
    bigboydan
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    I thought about buying bank stocks coach. Do you recommend any?

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  6. #6
    mathdotcom
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    Nobody has any sense of the long run. GDP growth has only slowed. Not even close to going negative.

    bbd, you are wise.

  7. #7
    RogueJuror
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    danny f\*\*k the market, backed me man, i'm setting up a car wash biz in liberty city with jean-baptiste my haitien buddy. we need venture capitalist danny. want a biz plan briefing?

  8. #8
    capitalist pig
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    BBD may I suggest www.capitalistpig.com as a investing consultant, rather than just trying to pick stocks.

    later

  9. #9
    lovetobet
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    Good time to buy.

    A good solid bank stock is Wells Fargo - Not going to blow you away but a solid earner.

    If you don't really know stocks and the market do some research on buying a bank fund and/or oil fund. This is a way better way to go for people with less experience. Either that or just buy some funds that track the S&P 500, Nasdaq, etc. With the market this low you can't go wrong as long as you are investing for the long term (i.e. at least 10 years, probably be ok in the short term also but that is a riskier play).

    GL

  10. #10
    purecarnagge
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    Our company can operate for 2 years and remain AA rated by all companies before being forced to sell something for a loss....

    Life insurance pension company... long term company with long term portfolio.

    Aegon stock is 5.30 I just bought 28k Today. Its a safe play, and in 5 years I will triple the investment.

  11. #11
    bigboydan
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    Quote Originally Posted by lovetobet View Post

    A good solid bank stock is Wells Fargo - Not going to blow you away but a solid earner.
    I could have swore I read that there was a potential big lawsuit pending against them at this time.

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  12. #12
    compaqDikk
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    the only picoMan lock right now is to short ameritrade AMTD. what is it gonna explode? get bought out? single digits here folks. this POS went to 3 after .com bust and will repeat. joe moglia stepped down. first thing to go in down econcomty next to starbucks is online trading . they make all their profits off margin like FisherHead does, not actual commissions. they've alredy fired 85 customer no service workers in their fort worth location but haven't made this known publicly
    Last edited by compaqDikk; 10-09-08 at 06:53 PM.

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  13. #13
    RogueJuror
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    Quote Originally Posted by RogueJuror View Post
    danny f\*\*k the market, backed me man, i'm setting up a car wash biz in liberty city with jean-baptiste my haitien buddy. we need venture capitalist danny. want a biz plan briefing?
    danny im serious. get back to me. ty boss.

  14. #14
    lovetobet
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    Hey Dan,

    I don't think so, at least nothing that is of big issue in THE LONG RUN.

    They are in talks to acquire some of wachovia and that could hurt there credit rating but again in the long term I think it will be a solid move on their part.

    Obviously the banking industry is up in arms but if I was buying in that industry then WF would be near the top of my list. Like I said might be better to look at funds then individuals (essentially hedging).

    GL

  15. #15
    bigboydan
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    Quote Originally Posted by RogueJuror View Post
    danny f\*\*k the market, backed me man, i'm setting up a car wash biz in liberty city with jean-baptiste my haitien buddy. we need venture capitalist danny. want a biz plan briefing?
    What will the car wash be a front for RJ?

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  16. #16
    Scratch
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    buy into large established corporations. people are panicking right now, so there's good value out there. the chances of a large company that's been around a long time going under are slim. if they do, the money you're holding onto won't be worth the paper its printed on anyway.

    saw on the news where gm stock dropped 1/3 today. lowest share price since 1950.

    or you could always buy gold

  17. #17
    RogueJuror
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    Quote Originally Posted by bigboydan View Post
    What will the car wash be a front for RJ?
    glory hole

  18. #18
    bigboydan
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    Quote Originally Posted by RogueJuror View Post
    glory hole


    Would you be employing homeless gentlemen to preform services?

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  19. #19
    ShamsWoof10
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    Quote Originally Posted by bigboydan View Post
    I think it's the right time to start buying
    Well I guess we haven't hit the bottom yet then..


  20. #20
    Outlawdino
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    too early to buy...the bottom is yet to come...just wait until we clear 7500 or so...people will freak out....get gold/silver related shared or assets.

  21. #21
    Mr. Progression
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    the market is down over 200pts, in overnight trading.

    8500 was supposed to be some solid support, i had a long talk with my broker today and he said that he is looking for dow 7100, this is a 50% retrace, if you look at those sorts of things.

    if you begin buying now, which may not be a bad idea. get into the market by cost averaging...... buy the same amount each month... do not jump in all at once.

  22. #22
    $$POOLCRAZY$$$$
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    Ya,apple or macintoch,ipodes,iphone,all apple!!

  23. #23
    Data
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    HUI

  24. #24
    SlickFazzer
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    Buy a simple index fund that tracks the S&P 500. Put in a fixed amount each month, or even double down when the market is down (like now). You should be in good shape in the next 24-36 months.

  25. #25
    purecarnagge
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    I like Aegon my company stock 5.30 ish a share...
    John Deere which is under 40...
    I like Wellsfargo, they are well positioned overall.
    I also like AIG. AIG has a very solid core business, its the one division that caused them problems and they are getting alot of help to turn that around.

  26. #26
    SlickFazzer
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    Quote Originally Posted by purecarnagge View Post
    I like Aegon my company stock 5.30 ish a share...
    John Deere which is under 40...
    I like Wellsfargo, they are well positioned overall.
    I also like AIG. AIG has a very solid core business, its the one division that caused them problems and they are getting alot of help to turn that around.
    I like your DE and WFC plays. Deere was actually up a few pennies today, and wells is one of the safest banks around.
    Nice dividends as well. DE around 3 and Wells over 4%.

  27. #27
    bigboydan
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    Anyone know of any good penny stocks to buy right now?

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  28. #28
    SlickFazzer
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    Quote Originally Posted by bigboydan View Post
    Anyone know of any good penny stocks to buy right now?
    Trading the pink sheets is a very specialized and volatile market.
    Easier said than done.

  29. #29
    yisman
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    you're making the right decision, dan.
    175 pts

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  30. #30
    Kingctb27
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    Quote Originally Posted by bigboydan View Post
    Anyone know of any good penny stocks to buy right now?
    If you find any, let me know. I would be willing to buy some penny stocks right now as well. I got a couple Thousand dollas that I could probably make some money on.

  31. #31
    RogueJuror
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    Quote Originally Posted by bigboydan View Post


    Would you be employing homeless gentlemen to preform services?
    Excellent idea Danny, you can be the excutive vice president in business development. Employing the homeless will help the economy recover. Danny you have a good heart. Danny when can I expect the check?

  32. #32
    xstud
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    BBD - CITIGROUP. Extremely large company near the 52 week low... they were as high as 23 within the past 7 days. TONS of potential here... fairly nice dividend as well.

  33. #33
    purecarnagge
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    Only problem with Citi is they are going to post losses for last 7 quarters...and now we are in a recession thats a big problem if you ask me...

    reason why I like Aegon so much is they are strongly rated, I work for the, and we are a pension/life insurance company. Means we are long term, not short term, yes things aren't as good as they could be, but they aren't as bad as other companies...

    Also for how financially sound this company is 5.00 a share is a ****ing steal. in 5 years you will see a very nice ****ing return on your money. So what a company at 20.00 or 50.00 or 80.00 a share will give you Aegon just has to move to 15.00 or 20.00 dollars... Its really easy pick once you research the company a bit. How many companies in the financial industry paid out dividends last year...not as many as you would think. John Deer, Wells Fargo, Aegon all pay dividends

    John Deere is still having lots of work. I know a manager over there, they have slowed just slightly, but that means they will just cut down on OT.

  34. #34
    fiveteamer
    Sweet berry wine!!!
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    Did you say rooster?

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