Tilted Forum Project Discussion Community  

Go Back   Tilted Forum Project Discussion Community > The Academy > Tilted Life


 
 
LinkBack Thread Tools
Old 11-10-2004, 08:18 AM   #1 (permalink)
Addict
 
braisler's Avatar
 
Location: Midway, KY
Your best/worst stock investment

First, yes, I know that there are other boards out there that are dedicated to stock picks and investment strategies. I just thought it would be interesting/instructive to hear from some of our fellow TFPers about what they are holding now, how it has done for them, etc.

For mine: The best recent investment was a surprise. I bought some shares in an international shipping concern, Frontline, Ltd. (FRO) with the interest primarily in their dividend (16% at the time). I only bought into the stock ~ 6 months ago and it is up 76% as of today, plus it has paid its dividend twice, plus a special distribution dividend, plus spun off its finance portion into a new company which I now have shares in that are also up. My only regret is that when I first bought in, it wasn't for more money. If I were to sell out today, which I am not planning on, I would be up well over 100%.

The worst investment story for me was probably my investment in Qualcomm (QCOM). I don't know if anyone else remembers this stock story, but I was in fairly early and at one point was up over 600%. I did sell some of my shares near the high, so I don't feel all bad, but I should have sold them all. I just didn't want to liquidate a big winner completely out of my portfolio. Now the shares are down 54% for me. I am still holding them as I still believe in the company, but it may take a couple of years for me to reach break even.

Now you...
__________________
---
You do not really understand something unless you can explain it to your grandmother.
- Albert Einstein
---
braisler is offline  
Old 11-10-2004, 10:54 AM   #2 (permalink)
Non-Rookie
 
NoSoup's Avatar
 
Location: Green Bay, WI
Hmm... Well, I have made a couple of doosies...

I purchased ImClone just about a week before they tanked. I also purchased a decent amount of Worldcom before they tanked as well.

Some of my recent better investments have included Impac Mortgage Holdings (IMH) and American Airlines (AMR).

I bought AMR back in Aprilish of '03, at around $2.00 a share. Now, it's over $9.00 per share, and I bought quite a bit of it

It more than made up for my losses with ImClone and Worlcom.
__________________
I have an aura of reliability and good judgement.

Just in case you were wondering...
NoSoup is offline  
Old 11-10-2004, 10:51 PM   #3 (permalink)
Tilted
 
I am fairly new to the stock thing. Worked all summer made some money and didn't like the idea of it sitting in the bank for me to spend and it wouldn't do anything. I took half my money and put in the great company, Merck. I guess it was a bad idea.
D Rice is offline  
Old 11-13-2004, 11:24 AM   #4 (permalink)
Crazy
 
Location: Bowling Green, KY
Quote:
Originally Posted by D Rice
I am fairly new to the stock thing. Worked all summer made some money and didn't like the idea of it sitting in the bank for me to spend and it wouldn't do anything. I took half my money and put in the great company, Merck. I guess it was a bad idea.
Right now it's a bad idea to sell your Merck shares. It's great time to buy, but the stock won't recover until this Vioxx stuff concludes.
__________________
"Principle is okay up to a certain point, but principle doesn't do any good if you lose." Dick Cheney
Jizz-Fritter is offline  
Old 11-13-2004, 12:11 PM   #5 (permalink)
Beware the Mad Irish
 
Blackthorn's Avatar
 
Location: Wish I was on the N17...
Quote:
Originally Posted by D Rice
I am fairly new to the stock thing. Worked all summer made some money and didn't like the idea of it sitting in the bank for me to spend and it wouldn't do anything. I took half my money and put in the great company, Merck. I guess it was a bad idea.
Google up "Dollar Cost Averaging". It will help you in the long term by preventing the sort of punishment you just took on MRK - MRK's Chart On the plus side the dividend yield at it's current price is a strong 5.75% but with the trouble emerging in the Cox-II enzyme inhibitor class of drugs that all behave pretty much the same way I'd be caution about taking on another company in this class until the dust settles. I'm sure John Edwards is salovating over the blood in the water on this one but perhaps that's a story for a different thread. MRK will recover...hang on and if you can you might want to consider modestly increasing your holding but do it over time to gain the benefit of dollar cost averaging.

Cheerios,
-Kjroh
__________________
What are you willing to give up in order to get what you want?
Blackthorn is offline  
Old 11-13-2004, 12:31 PM   #6 (permalink)
Insane
 
RogueHunter65's Avatar
 
Location: Boston, MA
My best stock purchase was JOBS, basically a monster.com in china. The IPO came out just a few months ago. Basically, I made tons. The stock trading price went from 18 to 36.

I am yet to have a bad trade. But My putnam mutual funds are not doing to well as of late.
__________________
I suffer from amnesia and deja vu at the same time... I think I have forgotten this before
RogueHunter65 is offline  
Old 11-15-2004, 07:49 PM   #7 (permalink)
Tilted
 
Quote:
Originally Posted by kjroh
Google up "Dollar Cost Averaging". It will help you in the long term by preventing the sort of punishment you just took on MRK - MRK's Chart On the plus side the dividend yield at it's current price is a strong 5.75% but with the trouble emerging in the Cox-II enzyme inhibitor class of drugs that all behave pretty much the same way I'd be caution about taking on another company in this class until the dust settles. I'm sure John Edwards is salovating over the blood in the water on this one but perhaps that's a story for a different thread. MRK will recover...hang on and if you can you might want to consider modestly increasing your holding but do it over time to gain the benefit of dollar cost averaging.

Cheerios,
-Kjroh
Thanks for the advice. I will hold on.
D Rice is offline  
Old 11-16-2004, 12:03 PM   #8 (permalink)
Insane
 
Location: Missouri
Best buy was Cisco at $10. Worst was Cisco at $75.
aliali is offline  
Old 11-16-2004, 12:24 PM   #9 (permalink)
Insane
 
paulskinback's Avatar
 
Bought some Jarvis at 40p a couple of weeks ago, quick punt, went up to 48p then bombed to 10p. Bugger. Still holding it.
paulskinback is offline  
Old 11-16-2004, 02:49 PM   #10 (permalink)
Crazy
 
I don't know if I agree that buying or staying with Merck is a good idea. I owned some, but sold on the bad news (not immediately). I'm basically a buy and hold guy, so it takes something for me to sell. But my gut tells me that it will be years before Merck knows what Vioxx is going to cost them, meanwhile that money can be put to better use in more productive stocks. You can't know everything, but you do know that Merch has no idea of what the cost of this will be in lawsuits, lost productive time, attorney fees, etc. Best of luck.
Mr. Market is offline  
Old 11-16-2004, 03:00 PM   #11 (permalink)
Professional Loafer
 
bendsley's Avatar
 
Location: texas
I used to work for Best Buy, and as an employee, I was able to buy stock for a cheaper amount than street value. Basically what they did was, take a 6-month spread, and the cheapest value over that 6 month period was, that's what I got it for on my next purchase. Well, while working for BBY, the stock split twice. I bought the first time for maybe $18 a share, it ended at a high a lot more than that, but I got the 2 for 1 split and then later a 3 for 2 split. I can say I did quite well off of this.

Another thing, when I was in college, my parent's paid for school; all of it. So, I took out a loan from the school for what my entire tuition would roughly turn out to be over 4 years. The loan interest rate was 1%, which it usually is with gov't school loans. I took all of the money, invested most of it for four years, and let some go into stocks. The day after I graduated, I walked into the student loan office (business office) and repaid every bit in cash, including the 1% I owed. I made over $17,000 in those four years. Gotta love school loans. I plan on going back for my masters and doing something similar, though hopefully, it won't take me four years to get it.
__________________
"You hear the one about the fella who died, went to the pearly gates? St. Peter let him in. Sees a guy in a suit making a closing argument. Says, "Who's that?" St. Peter says, "Oh, that's God. Thinks he's Denny Crane."
bendsley is offline  
Old 11-17-2004, 08:44 AM   #12 (permalink)
Boy am I horny today
 
absorbentishe's Avatar
 
Location: T O L E D O, Toledo!!
I worked for Bax Global for years and bough stock, they had 3 stocks in which you could purchase. They all tanked, and I had a shitload of stock. Then they put all 3 into one common stock, still in the tank. I sold what I could, took the loss on my taxes. That really hurt.
absorbentishe is offline  
 

Tags
best or worst, investment, stock

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -8. The time now is 08:39 AM.

Tilted Forum Project

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 PL2
© 2002-2012 Tilted Forum Project

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360