The Sinister Design Forums

General => General Discussion => Politics => Topic started by: ArtDrake on September 17, 2010, 08:10:36 PM

Title: Stocks
Post by: ArtDrake on September 17, 2010, 08:10:36 PM
Since I'd like to talk about stocks and why exactly they are where they are, I think this would be a good place to put this topic.

My Apple is all the way up to 275 from 265 a week ago, meaning I'm $1000 richer. However, I'm probably going to lose it back soon.
Title: Re: Stocks
Post by: Duskling on September 17, 2010, 08:12:36 PM
TAKE DA MONIES! TAKE DA MONIES! :D But, seriously, you could do a lot with $1000, so, yes, take the cash.
Title: Re: Stocks
Post by: ArtDrake on September 17, 2010, 08:35:21 PM
Unfortunately, the long term capital gains tax is such that if I were to sell, I'd lose half the value of my stocks. Short term is worse, but fortunately, I've held the stock for more than 2 years now.

I can't figure why Apple is going up like this, though.
Title: Re: Stocks
Post by: The Holy namelesskitty on September 18, 2010, 08:42:02 AM
more people are buying ipads because their friends say that they actually are more than ipod-touchs for people with big hands
Title: Re: Stocks
Post by: ArtDrake on September 18, 2010, 01:52:21 PM
They are!!??

But seriously, I was looking, and Microsoft has a LOWER enterprise value and market cap than Apple. Tesla Motors is all the way up to 21.5 or so, even though they have yet to make a profit. Exxon mobil is worth $60.78 a share, and Shell is at $56 a share. This is just wierd.
Title: Re: Stocks
Post by: The Holy namelesskitty on September 18, 2010, 07:45:31 PM
Because everyone hates BP.
Title: Re: Stocks
Post by: bugfartboy on September 18, 2010, 08:13:29 PM
Here's why everyone hates BP:[spoiler]To the tune of the Spongebob theme song:
[spoiler] Ohhh!!!
Who died in an oil spill because of BP?
Spongebob Squarepants, Spongebob Squarepants, ohh Spongebob... Squarepants!!! [/spoiler] [/spoiler]
Title: Re: Stocks
Post by: The Holy namelesskitty on September 18, 2010, 08:15:53 PM
I could not stop laughing long enough to sing it to myself, and I pride myself on singing, despite a lack of voice lessons.

Go to YouTube and search BP spills coffee.
Title: Re: Stocks
Post by: bugfartboy on September 18, 2010, 08:26:36 PM
Bah Hah! So much like the oil spill. No wonder stocks are falling.
Title: Re: Stocks
Post by: ArtDrake on September 18, 2010, 08:45:22 PM
I guess that would explain why Shell and Exxon are up.
Title: Re: Stocks
Post by: The Holy namelesskitty on September 18, 2010, 08:53:24 PM
That was my point, nobody is buying from BP but they still need gas.
Title: Re: Stocks
Post by: ArtDrake on September 18, 2010, 08:54:37 PM
But still, the Tesla Motors thing: what have they done recently?
Title: Re: Stocks
Post by: ArtDrake on September 20, 2010, 07:24:19 PM
HOLY CROW; IT'S UP TO 283!!!
Title: Re: Stocks
Post by: Duskling on September 20, 2010, 07:26:58 PM
HOLY CROW; IT'S UP TO 283!!!
Thousand? If so... TAKE DA MONIES! TAKE DA MONIES!!!!!!! :-* :-* :-* If not, then you just got screwed, mate.
Title: Re: Stocks
Post by: bugfartboy on September 20, 2010, 07:30:12 PM
Note he said "up" to. Not down to. It must be a good thing.
Title: Re: Stocks
Post by: ArtDrake on September 20, 2010, 07:40:22 PM
283 hundred, actually.
Title: Re: Stocks
Post by: bugfartboy on September 20, 2010, 07:42:49 PM
And that's a good thing, right?
Title: Re: Stocks
Post by: Duskling on September 20, 2010, 08:51:05 PM
28,300, or is it 2,830? Either way, TAKE DA MONIES!!! :D
Title: Re: Stocks
Post by: ArtDrake on September 21, 2010, 07:06:20 PM
Again, I want to hold out for more. This isn't bragging, is it? I certainly hope not.

Because even with a 200% return on your investment in 3 yrs, you lose 45% to long-term capital gains, and it goes down to 155% gain. Then, it would have to go back down by 45% so I could reinvest at the selling rate, and only then would I break even.
Title: Re: Stocks
Post by: Duskling on September 21, 2010, 07:18:24 PM
Alright, hold out for another week, and if it goes higher by at least $300 dollars, take the money and never look back.
Title: Re: Stocks
Post by: bugfartboy on September 21, 2010, 07:33:43 PM
Eh. I don't get the stock market.
Title: Re: Stocks
Post by: Duskling on September 21, 2010, 07:37:30 PM
Eh. I don't get the stock market.
Neither do I, I'm just making some suggestions based on what I do know.
Title: Re: Stocks
Post by: bugfartboy on September 21, 2010, 07:43:11 PM
I know that numbers mean a lot to some people and I guess that the higher in the positive that number is, the more money the "have"
Title: Re: Stocks
Post by: The Holy namelesskitty on September 22, 2010, 01:00:10 PM
no, the higher the value of a share is from when they purchased it the more money they have, if it goes down but is still worth $142 (just as an example) you have lost money, you sell high, and buy low, unfortunately, many people are in fact doing the opposite instead of just holding on and trying to weather the recession through and not sell until the price is back up. when there is fear in the market be greedy, but when there is greed in the market be fearful.
Title: Re: Stocks
Post by: ArtDrake on September 22, 2010, 03:25:08 PM
Exactly. And now it's at 287, and I made $400 last night. Seriously, ask your parents, or, if there are emancipated minors, or adults on the forums, owning Apple stock would be a good idea. But seriously, I'm not advertising apple. I'm just saying; if you buy now, you may or may not become rich later.
Title: Re: Stocks
Post by: bugfartboy on September 22, 2010, 04:06:01 PM
Hmm...
Title: Re: Stocks
Post by: ArtDrake on September 22, 2010, 04:23:19 PM
It's like religion; invest your Sunday afternoons, and you'll be awesome once you die.
Title: Re: Stocks
Post by: bugfartboy on September 22, 2010, 04:40:25 PM
But I invest more than just my Sundays. I invest my Mondays, Tuesdays, Wednesdays, Thursdays, Fridays, and Saturday.
Title: Re: Stocks
Post by: ArtDrake on September 22, 2010, 05:15:09 PM
Then you're extra cool in the afterlife you so readily believe in. I however, think that if there is a God, he's cool, too, and would be ok if I went to church once, repented for sins, and never sinned again.
Title: Re: Stocks
Post by: Duskling on September 22, 2010, 05:20:56 PM
I however, think that if there is a God, he's cool, too, and would be ok if I went to church once, repented for sins, and never sinned again.
Indeed, nobody's perfect, and, if there was a God, he'd probably know it, so he'd be okay with you just being a believer, as in, avoid sinning, and go to church on Sundays at least.

Back on topic, if you've gotten $400 in one day, try holding out for two weeks, the moment it drops even one dollar, you take it and never look back.
Title: Re: Stocks
Post by: ArtDrake on September 22, 2010, 05:23:09 PM
I think I'll have to stop posting here, because now I might be tempted to TAKE DA MONIES!!!! :-* :-* :-*

But anyway, that explains why certain stocks are where they are, and Duskling, I'd like to have them when I'm buying a house, because they're good collateral.
Title: Re: Stocks
Post by: bugfartboy on September 22, 2010, 05:25:27 PM
Alright. I've been thinking. How on earth do you BUY stocks?
Title: Re: Stocks
Post by: The Holy namelesskitty on September 23, 2010, 04:17:12 AM
call a trader. and ask, or even better ask for some for your birthday.
Title: Re: Stocks
Post by: ArtDrake on September 23, 2010, 01:11:45 PM
Yep. If you use your own money to buy them, then you can only buy, like 3 or something. If you tell a parent that it's for your future, you'll get a lot. And it is for my future.

Apple: 320.56 WOOT!!!