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Headlines Stock Market - BP : Yes or no?

Boycott

Soul Doubt
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#1
I'm thinking of investing in the stock market... I'm only 17, but I feel it'd be good to get a good hook on things...

I figure I am going to save up 1,000$ and throw it into one or a few different companies, and I keep thinking to myself "Not oil, or petroleum", but BP's (Beyond Petroleum's) Company Snapshot on Globeinvestor says they are researching PRODUCTION of oil, and also are interested in solar power etc.... Now at 71$ / share, Do you think BP would be a good investment, or should I invest in something less closely related to current issues...
http://investdb.theglobeandmail.com/invest/investSQL/gx.price_history?pi_symbol=BP-N <-- this shows a steady rise of this company... I'm not sure if "Buy low, sell high" would apply here, since I'm fairly certain it will continue to go up, rather than peak here...

Anyone have any stock tips they'd like to share

btw- if this is in the wrong forum, move it, I only put it here because oil seems to be a hot topic for discussion... Stock market seems political enough to be here though :p
 

void

Banned - What an Asshat!
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#2
i listen to the motley fool on npr.. the tip that sticks out most recently is tattoo removal equipment (laser) manufacturers and operatives.. in the past 10 or so years tattoos have gone through the roof.. a percentage of those people will want to remove them as they age, they did the math and it convinced me..

i'll have a think and get back to you on this..
are you looking for longterm?

i won't put a penny in oil, it will go up but i don't have the 'inside info' to know when to sell before a crash.. and it will crash..

i hate to say this but i say it without any patronisation.. get 'stock market for dummies', the motley fool book and see if you can read kiplingers etc online..
stay clear of cable news money shows, it's all caffeinated hyperbole..

good luck.
 
R

RedOctober

Guest
#3
Well.. I know the creatures that know best about investing in stocks are a gorilla or a psychopath. The latter is a human being that hasn't too much emotions. :cool:

[Dr. Phil voice]
Be honest to yourself..
Ask yourself the question..

Does it hurt me if I lose the 1000$?

Investing in stocks is the same as investing in Las Vegas.
Some get rich because there are enough assholes that lose their hard earned bucks.
 
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#4
investing

a few suggestions to look into


try toyota -they've got that new hybrid sinergy drive technology

apple - stock's been doing very well for almost ten years, and has split recently - very innovative

samsung - check history - steady climber

companies that sell grease-car conversions / converts diesel engine to burn on used vegetable oil - clean and effiecient
greasecar.com for more info

just to name a few
 

Captain 151

Seeped in a dry Merlot
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#5
I would absolutely recommend investing in the stock market. Especially if your in for long term (its a lot easier and less hectic that short term).

Currently I'm invested in a few companies, most are even over 2 or so years, but one that really stands out is Cray Supercomputers. It's nearly gone bankrupt, was almost delisted from NASDAQ, and now is being sued by its investors, which I guess means me included. It's a sad stock. I just figured since IBM was leaving the computer field and focusing more on inter-business relations, servers, and the such, that Cray would have a huge advantage particularly over seas with its Red Storm systems and what not. I was wrong.

Anyway, with the oil sector, its a really tough read. On one hand, we need oil more now than we ever did. Demand is STILL so incredibly high, I can't wrap my head around it. Just think, since last winter, natural gas has gone up 90%. That is just mind boggling. I once put a few hundred into a company called Input/Output, which deals more with the surveying and drilling rather than the refining or selling. It made me some nice profit before I sold, so maybe you should look into a company like that.

If you wanna talk more in detail about it, you can always IM me my sn is MonkeyDrinkin. $2.50 a minute.
 

Boycott

Soul Doubt
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#6
interesting on the laser surgery stuff... i was also thinking of investing in an old age home -> Baby boomers are getting there so if i invested now, and waiting for long-term I would think i'd make quite a bit of money... Sevice Sector is going to be booming as well
 

Jung

???
Premium
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#8
I'd read this before you invest in that industry. There is a possibility of making a ton off those investments, but it doesn't seem like we will be moving to those fuel sources any time soon.


Technology or electronics are much better markets right now.

A few suggestions:

IBM: Current: 80.45, 52wk Range: 71.85 - 99.10
GOOG: Current: 318.68, 52wk Range: 128.90 - 320.95 (A good stock to have, but expensive at the moment.)
RBK: Current: 56.47, 52wk Range: 34.84 - 57.45
SNDK: Current: 48.19, 52wk Range: 19.66 - 48.58
MIK: Current: 32.95, 52wk Range: 26.03 - 43.61
 

Boycott

Soul Doubt
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#9
Thanks for that, Jung... All I did was read the portfolio, and now I think I'll read the history on any company I'm thinking of investing in ...
 

void

Banned - What an Asshat!
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#10
buy things you understand, then you'll more easily predict/know when the company is doing well..
once you are dealing with things you understand watch and wait.. the money will burn your pocket but watch and wait.. you might do this while you are saving money.. junglizm quoted histories of the price.. learn them for your chosen specialty..
become so knowledgable in the chosen field that you can predict trends based on the movement of the market/other outside forces..
within that field watch for emerging technology/products.. if based on all the above you feel confident about them being hugely successful then buy, early..

only invest money you can afford to lose/throw away.. not the rent..

realise that $1000 is only 20 $50 shares.. if they only earn you $3 each you're not working the money, unless you're a day trader, don't day trade.. not yet anyways..

don't be scared to buy crashed shares.. if you are up to speed on the first few points..

my pet at the moment is nanotech.. if ray kurzweil is right and we head down a 'singularity' path any shares in nanotech companies will be very desirable..
http://www.singinst.org/
 

Captain 151

Seeped in a dry Merlot
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#11
If your looking to make any money stay away from IBM. Thats not to say they arent a terrific company, they are. Tightly run, and always ahead of the competition. (first to get out of the PC dilution). The stock has always been between 80 and 100 since Ive followed it. Good buy at 50 maybe 10 or 12 years ago, but now it just waves between 80 and 100, and I cant see making much money on it.
 

void

Banned - What an Asshat!
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#12
this is possibly bad advice but..
buy chinese yuan (not sure how much you can buy, if there are restrictions)..
the us government, europe, banks and the 'market' are all pressuring china to stop keeping the value of their currency so low.. they took measures last month to rectify but it was far from enough.. traders have bought a LOT of chinese stock recently knowing that very soon china will recallibrate the currency and it will be 'worth' more, certainly worth more when you sell it and buy dollars again.. not sure what ratio.. 20% seems possible..

can't find a source, again i heard this on npr today.
 

void

Banned - What an Asshat!
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#14
if you read between the lines this article is a tipsheet..


Study lists top five tech trends



Specialised robots, devices for DIY content creation and new TV displays are among the trends to watch in 2006.
That is according to the American-based Consumer Electronic Association which has published its view of technologies set to influence in next 12 months. Devices and trends around video gaming and high-definition TV (HD) also make it into the top five. "They truly illustrate the progress of technology in the digital age," said Gary Shapiro, president of the CEA.