The Stock Market and Investing

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Comments

  • robr2robr2 Member Posts: 8,805
    It's called thethering. You can do it with the iPhone 3gs and onward. But be careful - when you use your phone as a hotspot you can easily go through your data allotment quickly.
  • tagmantagman Member Posts: 8,441
    Yes... it would be located in the network settings section of most phones.

    Also, consider Robert's concern in his post about data useage. You really need to understand your plan's charges and limits.

    As I said, I have unlimited data availability, so I don't worry about it, but most plans are not unlimited.

    Here are some ways to find out... You can check your phone's settings, you can check your manual, or you can Google your phone for the features, or you can contact your carrier, or sign in to your personal account features and options online.

    TM
  • gagricegagrice Member Posts: 31,450
    I think the Verizon people told me I could not talk on the phone when the hotspot is active. Also unlimited data plans on Verizon are a thing of the past.

    Verizon data is $80 for 10 gb plus $10 for each additional gb

    AT&T data is $50 for 5 gb plus $10 for ea additional gb

    Sprint data is $79.95 for 12 gb and 25 cents per additional mb.

    Last I read no one was offering unlimited anymore. You are lucky to be grandfathered in. Verizon sells a little hotspot unit smaller than a pack of cigarettes.
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Last I read no one was offering unlimited anymore.

    Gary...

    Sprint DOES offer current unlimited data plans. I am not grandfathered into an older plan. For personal, non-commercial customers, for example... $99/month provides unlimited data within the Sprint network for the first individual, and additional users can be added to the unlimited data plan at a slightly reduced cost per person ($89/month).

    For heavy data users, this is awesome. For light data users, metered plans would be a better deal... Sprint, as well as the other carriers, all offer many alternatives.

    Also, to address your other question about Verizon's lack of phone capability when using Hotspot... I do not know if Verizon loses phone capability, but I do know for a fact that I have FULL phone capabilities when using Hotspot with Sprint.

    TM
  • tagmantagman Member Posts: 8,441
    I don't know who you are, but you are obviously attempting to sell something. I don't think you are allowed to solicit here in this forum.

    HOST... Please look into this.

    TM
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    Once we've seen your post in the forums, we've already seen the spam post too. For faster service, please email a host. :)

    Nothing to see here... just a bit of international, uh... marketing.

    MODERATOR /ADMINISTRATOR
    Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
    2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
    Review your vehicle

  • tagmantagman Member Posts: 8,441
    OK... Thanks. ;)
    TM
  • cyclone4cyclone4 Member Posts: 2,302
    Kirstie,

    The site seems to be working better now. Is it indeed fixed for good or are the tech people still working on it?
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    You've just got good timing. The issue comes & goes. I can tell you they're still working on it, but I can't say anything more than that.

    MODERATOR /ADMINISTRATOR
    Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
    2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
    Review your vehicle

  • tagmantagman Member Posts: 8,441
    edited March 2012
    I am a bit surprised to see the AAPL share price so steady at this point. I honestly had expected more volatility today. We'll see how next week goes, but it's good to see it holding this level so easily. But, just in case, I am keeping a significant amount of cash ready, in the event the share price takes a nasty hit.

    On an additional note, I am glad to see the jobs numbers. While not impressive by any means, I think it is reasonable to say that some of the terrible bleeding is starting to heal, but there is such a long way to go with 8.3% "official" unemployment... and is certainly higher considering those people that are not included in the statistics, as well as those that are only partially employed. But nonetheless, a slight improvement is better than none, that's for sure.

    We still have a massive deficit, and a terrible political situation in Iran, as well as European issues (Greece mostly), and the price of gasoline at the pump is reaching a number that almost certainly will have a destructive impact upon our economy, if things don't improve soon.

    TM
  • tagmantagman Member Posts: 8,441
    For better or worse...

    I am selling some of my AAPL shares at the close, to permanently lock in some of the nice recent gains, and to have even more cash sitting on the sidelines to pounce at the next downturn.

    TM
  • anthonypanthonyp Member Posts: 1,860
    Hi Tag

    Hope all is well out your way....Spring is here in the `low country` as they call Charleston locally

    It wasn`t more than eight or nine months ago that apple was trading around the thee hundred fifty- eighty dollar range, and now say five hundred thirty- fifty dollar range.....I don`t think anyone has done well trading it, and further all that happens is a person gets too large a position and gets scarred out...:) I`m an example of that.....I truly think a modest position held a longer time is the ticket for this stock..I know the greed factor is ignored, but better results are in store if one isn`t too greedy...

    There is a fairly large gap down there, and eventually it will get closed, but it might be a long time, as there is so much momentum in aapl...We`l see.. Tony
  • tagmantagman Member Posts: 8,441
    Tony, that is exactly correct! I have been generally maintaining a modest investment in AAPL. In addition, I have been trading some shares. That way, I will continue to have my long-term gains... but also trade when it seems obvious to me... as was the case this past week.

    TM
  • tagmantagman Member Posts: 8,441
    Tony... Let me just reinforce the point that I have posted repeatedly that my level of investment in Apple is MODERATE. In addition, it is the ONLY stock I am invested in. I hold a moderate number of shares, on average, as that number fluctuates a bit when I trade a moderate number of shares also. As a result of this approach, I wii NOT get scarred or burned by the stock market.

    TM
  • anthonypanthonyp Member Posts: 1,860
    Of course I wish you the best :)

    This may sound hypocritical on my part, but if by chance aapl were to decline I think I will take another swing at the ball.....I too just hold a very small amount--comparatively--and once I make a mistake I try and quickly admit it, and then just leave well enough alone.......

    I don`t do this for the fun of it, and when the mistakes are made it hurts.....There are a good number of stocks that over time work their way higher, but some thing like appl is a rarity ..

    I`v learned alot from the posters here, and sometimes it seems that aapl is the center of the world :) I was surprised with the meager articles on the (3) particularly when it was put in perspective that the product was just a `mild` update :) Oh Well

    I also look forward to the iPhone 5 with lte.....I`m just not buying anything but aapl..Something I can count on ...Tony
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Tony... if you are going to step into AAPL... do yourself a favor and WAIT until there is a pullback. They do happen from time to time, and there was one this past week. That's why I "traded" the stock. It becomes all too obvious now and then with this stock. Be patient two ways. First, be patient to find a good entry point, and then be patient to hold it for a while no matter what happens.

    Day-trading is something I do not recommend to anyone, even though I sound quite hypocritical, but I honestly know how to do it, and I doubt that most can do it well. Truth is, had I not experienced that software issue last year, I would have made a lot more money than I did. In the end, I lost quite a bit of the gains I had previously worked hard to make, so it's not like I really came out behind, but rather gave up a lot of the prior gains. The bigger loss was that I was so spooked afterwards that I was emotionally unable to trade or invest for a while after the incident... and then the market spiked, and I wan't invested at all, and as a result I lost out on gains I might potentially have made in a market that was advancing nicely (by not being invested at all).

    But, consider that a person doesn't lose something they don't already have, so I really didn't lose a thing... and I don't worry about it any more.

    So now, I am invested a little bit in real estate, and still own my bonds which pay 12% to maturity, as well as my moderate AAPL investment, and plenty of cash on the sidelines get more real estate if an opportunity presents itself, or to buy more AAPL shares, if it should take a ridiculous hit for some reason.

    So, my friend, be patient, and you almost can't fail with AAPL. If you rush, you add risk.

    TM
  • ljflxljflx Member Posts: 4,690
    edited March 2012
    Problem is Tag that if you had given that advice 6 weeks ago you'd have missed out on a 30% stock rise as the stock went straight up from $425 to $540. I had advised Charlie at the time to make sure he didn't play the trading game or he'd get badly burned. The stock was just way too badly undervalued at $425 and had to make a large move up.
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Len,

    Hindsight is 20/20, and AAPL is a RARE event. 6 weeks ago, the iPad was expected. NOW, it is already announced. Don't suggest that the situation is the same, because it is NOT.

    Sure, sometimes a pullback isn't necessary, as was the case when the stock was $425, because the iPad was not yet announced and was anticipated, and everyone knew the stock was dirt cheap.

    APPL is a good investment long-term no matter when a person enters, however, it is ALWAYS better to buy on a pullback if possible. $425 was a good price to get in, but after the stock hit $548, it did indeed pull back to $516... and THAT is what I am saying... that it makes sense to look for a pullback because they ALWAYS happen. Time and time again.

    That's why I sold some of the shares at the high and bought them back again after they pulled back. But, I will say again that I am NOT recommending that anyone here play the trading game, so we are in total agreement on that. Only to get in at a good opportunity... whether that is due to a pullback, or if the stock is obviously too undervalued, as it had been recently. And, with AAPL shares, it is important to hold them, as you and Charlie clearly understand and have done so. I did not hold my original investment because of what happened to me that terrible day last year, and I definitely wish I had held on to my 2000 shares that I owned at around $375... I'd be richer by the tune of around $320,000 at today's closing price!!

    But, as I posted earlier, a person can't lose something they don't have, but can certainly lose something they do have. So, missing out on a good investment that was never made might feel unfortunate, but it isn't a loss... however, making an actual investment that goes south is indeed a loss.

    TM
  • ljflxljflx Member Posts: 4,690
    edited March 2012
    My point is that had you traded the stock during it's 6 week 30% rise there'd have been no pull back to get in on. You'd have to have bought at a higher price than the day before because it literally went straight up regardless of what the market had done. I don't think it had anything to do with the new iPad. Someone, probably a few large hedge funds wanted in and was buying heavily everyday. As well that dip that happened the other day was so brief that if you blinked you may have missed it. If you are going to trade you literally have to be on top of this stock every minute.
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Len... For the record, I took good advantage of this week's dip, and my posts documented it. I was definitely on top of it every minute.

    But to the real point... nowhere in my posts have I suggested that Tony, or anyone for that matter, should "trade" Apple shares. In fact, Len, I have quite clearly stated that it is NOT a good idea... and I have stated it more than once, so there ought to be ZERO confusion about this whatsoever.

    We all agreed here for a long time that Apple shares were a bargain. Yet, we were often baffled by bizarre pullbacks in its share price, and we often posted about the absurdity of the low share price. Tony got burned by his quick investment because he didn't hold his shares long enough, but nevertheless the share price did in fact decline right after he bought in. That's what he was posting to me about earlier.

    So, my reply to him was to be patient. Buy at a dip and hold the shares.

    Then you posted that there was a problem with that, and cited the recent rocketing price jump. However, I will argue with you on this because Apple shares historically have not behaved like they did recently, and I sure hope you are not suggesting to Tony and me and everyone here that you are convinced that there aren't going to be any price pullbacks and that Apple shares are only going to go straight up. Afterall, they already had about a 4% dip earlier this week!

    Therefore, are you willing to tell Tony that Apple shares are now going only straight up? I doubt it, and I maintain what I said. It is preferable to buy the shares on a dip, or if they are an obvious steal like they were 6 weeks ago. So, again, unless you are about to tell all of us that $535/share is still dirt cheap and the stock is going straight up without a dip (even though it finally dipped this week), I stick with my recommendation that it is better to buy on a dip.

    That said, a long-term investor can get in at any time, ride out the bumps, and ultimately come out on top, and if lucky, not miss out on a RARE 30% gain in 6 weeks... Nothing wrong with that. But only a fool would expect that kind of rare concentrated return to be anything typical. History clearly says otherwise.

    TM
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Tony...

    After further thought on this, I think the investment approach which works very well, and which takes into consideration Len's concern about "missing out", as well as my recommendation to buy on the dips, is to invest incrementally... using the "dollar-cost-average" approach.

    I think in the case of APPL shares, it would be a particularly smart approach, and would solve the problem of "missing out" that Len pointed out, but also would minimize my concerns about damage due to price swings, and further keep you in a position to be capable of buying on price dips, which I always recommend.

    I am guessing you (and Len) agree. ??

    EDIT: It's my understanding that you sometimes like to roll the dice with ALL the chips at once... but if you truly want to be ahead with minimum risk, I am positive that "dollar-cost-averaging" will work. So, this gets back to my fist reply to you about having patience. Divide your intended AAPL investment into 6 parts, for example... and invest them in increments, in intervals of time. If there is a huge dip or major positive news, then you can always accelerate an interval... it keeps you in better control of your investment, and you are much more likely to make gains in the long run. :)

    TM
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Online orders for the new iPad are "off the charts", according to Apple spokesman. Delivery is delayed to March 19.

    Consider guys like me that are definitely going to get one, but will wait for the tsunami to ease... which means sales will very likely continue to be strong on this new product.

    I am almost certain that Apple will set new records AGAIN.

    TM
  • ljflxljflx Member Posts: 4,690
    My order comes in two shipments. The cover arrives at my home on Thursday and it still says the new iPad is due in on Friday.
  • tagmantagman Member Posts: 8,441
    Keep us posted.

    News reports indicate there is an official delay until the 19th if ordered through the online store. However, since you ordered through a reseller, perhaps your order will not be impacted.

    TM
  • ljflxljflx Member Posts: 4,690
    I orderred it from the Apple on-line store so it might well be it gets pushed back. They just haven't notified me of such just yet.
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Either way, you will be one of the first to get one.

    Very cool.

    And as much as you love your iMac, I expect you to love the new generation iPad.

    TM
  • ljflxljflx Member Posts: 4,690
  • imidazol97imidazol97 Member Posts: 27,700
    Len,
    Thanks for that link. It, indeed, is very interesting and well written.

    2014 Malibu 2LT, 2015 Cruze 2LT,

  • ljflxljflx Member Posts: 4,690
    All preorders of iPad are sold out. Get in on Apple now because it'll be over $600 soon.
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Get in on Apple now because it'll be over $600 soon.

    I have already been invested in Apple and hold a moderate number of shares. I also used additional money to trade because the share price activity was sooooo obvious... like shooting fish in a barrel.

    TM
  • gagricegagrice Member Posts: 31,450
    Good article. Explains a bit of the complexity of the whole oil industry. Do they allow ships hauling oil from Brent to Eastern ports? It would seem that would be good oil for the Philadelphia refineries that are closing. Though Brent North Sea Oil is about the most expensive. So it would still yield high priced gas. Too bad Colorado and Wyoming are so cold.
  • cyclone4cyclone4 Member Posts: 2,302
    edited March 2012
    Len,

    This article is extremely enlightening and informative. After reading this article along with my own thoughts on the enrgy markets, I am going go out on the limb right here and make a bold prediction. Instead of continuing to rise this summer as everyone and his uncle is predicting, gas and oil prices will be heading south once again. You heard it here first.
  • cyclone4cyclone4 Member Posts: 2,302
    I am willing to wait a few weeks for my new iPad if the AAPL shares trade to $600 in the next few weeks to a month. Those idiots on CNBC will continue to eat crow, guaranteed.

    I don't see how AAPL will be stopped from reaching $700 in the next 6 months and $1,000 within a year or two.
  • tagmantagman Member Posts: 8,441
    edited March 2012
    I don't see how AAPL will be stopped from reaching $700 in the next 6 months and $1,000 within a year or two.

    Totally agree. And, quite frankly, I want to make it very clear that I was the very first on this forum to post a prediction here as high and optimistic as $1000 /share! :shades:

    I distinctly remember making the post after reading Steve Wozniak's opinion that Apple could reach such a lofty level.

    Since then, you (and possibly Len) also posted a couple times that you can see it reaching that level of $1000 / share.

    Well, let me tell you that you that as good as it has been so far... just wait until the iPhone 5 comes out! And then the smaller sibling iPad! And so much more.

    :)

    TM
  • ljflxljflx Member Posts: 4,690
    I never put it to $1,000 for the simple reason that I was only looking out 6 months. I put the $700 price tag on it back when it was in the $400's.
  • ljflxljflx Member Posts: 4,690
    edited March 2012
    Instead of continuing to rise this summer as everyone and his uncle is predicting, gas and oil prices will be heading south once again. You heard it here first.

    I pretty much agree unless there is greater destabilization in the Mideast. The last two years has shown gas topping out in advance of peak driving season and then falling during peak driving season. Clearly that's the sign of greater and greater speculation in the prices we are paying. Than market forces come in and take over. The speculators add more and more costs to the prices we should be paying every year.
  • tagmantagman Member Posts: 8,441
    edited March 2012
    True.

    But, the reason I point it out is that even though you are the "preacher" here regarding Apple, I am a guy that understands what this company is all about.

    I read up on the rumors and the chit-chat, and the breakthroughs every day, multiple time a day, from numerous sources. I've been doing that for YEARS! That's why I often post about things that are likely to happen long before they happen... such as my recent post about a smaller iPad. There have only been a few tiny reports, but I believe it will happen because it makes such good sense, and the new name "iPad" (without a number) makes further sense to me, as I explained last week... it potentially distinguishes the product as a "product line", instead of just an individual product. There's nothing official out there, but based upon the small amounts of info... and my own 2 cents... I think it will happen.

    Anyway, even with the stock price surging, I see dips along the way. Opportunities.

    TM
  • tagmantagman Member Posts: 8,441
    edited March 2012
    But, I would like to know HOW FAR SOUTH you and/or Charlie say oil prices will go... and for how long?

    Or, you can also tell me the average price of a gallon of gas that you expect to see, and for how long?

    True, prices will settle back a bit... that's a no-brainer, IMO... but a huge retreat?... That's another story. I want some clarification and specifics here from you and/or Charlie on what you are really predicting.

    That way, I can either agree or disagree. I remember the huge debate we had years ago about oil prices. You expected them to go south in a big way... and it never really happened as you thought it would. So, I need to know specifically what you and/or Charlie are predicting here. Please.

    TM
  • ljflxljflx Member Posts: 4,690
    It's not an important enough item for me to spend a lot of time on to be honest. But I can already see pockets where the price of gas is already too high for the retail market. Yesterday at a WAWA station I paid $3.61 a gallon for plus. The regular was $3.51 and premium was $3.71. RBOB is currently around $3.30. The spread is supposed to be closer to 45 cents a gallon between RBOB and pump prices in NJ. So this station was thinning their margins or buying high volume and forcing the refinery to thin their margin. No matter which one is true it's a sign that the public is cutting volume further and the overextended market prices are already hard to push at the pump. My guess is pump prices peak in April or early May and then fall off 10-15% by late summer.
  • circlewcirclew Member Posts: 8,666
    edited March 2012
    Here is a forecast. You are probably pretty close unless Iran issues preclude.

    Crude Oil Prices
    Past Trend Present Value & Future Projection
    West Texas Intermediate. US Dollars per barrel.

    image

    Regards,
    OW
  • cyclone4cyclone4 Member Posts: 2,302
    edited March 2012
    TM,

    My wife and I are traveling to Seattle today and I'm replying by using the iPhone from MSP. We are going to see Fintail ;-). Actually we are going to see our son and his family. For 8 days.

    To answer your question, my prediction is that gas will sell off about 60 cents from here during the summer so that it reaches levels seen about 4-5 months ago. Crude will likely drop back down to about $95.

    All bets are off if Iran explodes.
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Well, I would expect a moderate decrease in price as you project, but Charlie is predicting about twice the decrease at the pump conpared to your prediction... on a percentage basis... so I am definitely more in agreement with your numbers than his. Of course, I would rather see him be correct so we could all enjoy lower prices at the pump, but I think there are too many issues that will NOT go away, that will continue to keep up the pressure on the price of gasoline.

    If a Republican gets elected in November, then I might expect that the price of oil and gasoline will decline more significantly. But with Obama at the helm, I think your numbers are as good as it might get, and I would not be surprised to see that price relief to be short-lived, and the prices edge up again.

    TM
  • fintailfintail Member Posts: 58,528
    Please bring some better weather with you ;)

    I predict a drop right around the time the GOP announces their ticket, we are in 2008 part deux.
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Charlie... have a wonderful and safe trip. It's terrific that you can visit your son like that.

    I commented on your and Len's predictions in a post above, a reply to Len.

    Again, have a great time.

    :)

    TM
  • gagricegagrice Member Posts: 31,450
    This clip asks some good questions about our ties to Venezuela and our millions spent meddling in Canadian affairs.

    http://www.youtube.com/watch?v=_NEu98L7_2c
  • ljflxljflx Member Posts: 4,690
    edited March 2012
    Charlie,

    I just peaked at the Euro model and it looks like it puts areas west of you into the 90's early next week with 80's here after Monday. Plus this week here is a bunch of 70's. Amazing weather for mid March. In fact we are in the middle of the anniversary of the blizzard of 1888 when near zero temps and 2-4 feet of snow hit this area.

    http://www.ecmwf.int/products/forecasts/d/charts/medium/deterministic/msl_uv850_- - z500!Geopotential%20500%20hPa%20and%20Temperature%20at%20850%20hPa!144!North%20A- - merica!pop!od!oper!public_plots!2012031300!!/
  • ljflxljflx Member Posts: 4,690
    edited March 2012
    Apple pushing to $560 and at an all time high yet again. Don't know when a dip is coming given the iPad news. Market cap on ths stock has to reach $600bln IMO by the next reported earnings. If it doesn't get there than it's going to make one large jump to it on the next earnings announcement IMO. That's a quick 15% additional return if I'm right and puts the stock to about $645. The company's cash likely jumps to $115bln+ by the end of the current quarter.
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Gary...

    thanks for the post. I completely agree with the premise that it is INSANE to make deliberate choices to purchase oil from our enemies.

    That said, I am not totally in support of buying oil from Canada either. While it is certainly the lessor of evils, IMHO, it is still a mistake to spend money on a massive oil import project instead of investing in the production of oil and natural gas (and other sources) right here in the good 'ol USA.

    I would rather see energy independence from ALL foreign sources. And there is no doubt in my mind that there are a handful of companies and special interests that are licking there chops to build that pipeline and fatten their wallets.

    For God's sake, there are more than enough energy resources here at home. I am sick and tired of the excuses, sick of the alternatives, and sick of the special interests, and especially sick of buying energy from our enemies.

    I want to see an America that is 100% energy independent. And, I want to see all the American jobs associated with that independence.

    TM
  • tagmantagman Member Posts: 8,441
    edited March 2012
    Thanks Len...

    Yes... That's why I HOLD my moderate 300 shares. And why I further recommended to Tony to buy-in using a dollar-cost-average method. The dips, when they happen, may be small and brief, but they are certainly very worthwhile when they happen... especially with this stock.

    I still have a VERY optimistic outlook for this stock, and I think it could easily reach beyond your estimate, maybe even closer to $700 - $750... and I maintain my expectation that the stock will reach $1000 /share a lot sooner than many people would expect... especially those idiots on CNBC.

    TM
  • robr2robr2 Member Posts: 8,805
    This clip asks some good questions about our ties to Venezuela and our millions spent meddling in Canadian affairs.

    Hmmm - why is a Canadian attacking the US decision to not build a pipeline?? Perhaps sour grapes??
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