You bought QLIK shares recently at $15.28. The stock's share price has shown a lot of strength around $15. Of course, we can't know if that will hold, but I am suggesting that you might want to buy a little more today or tomorrow, while the market is in retreat mode. Ask your broker to put in a limit order and see if you can get it at your price, provided it isn't totally unrealistic. Purchase an amount that is comfortable for you, and I think you won't regret it.
At this very moment, it is trading at $15.02, currently the low for the day... it could go lower, no way to know. But either way, by purchasing now, or near this level, you would without question end up with an improved average price-per-share.
You would then own more of this great stock, at an improved average share price, which would then be more likely to give you even greater profits.
I hope I'm not interfering... as you know what is best for your investment strategies... I'm just offering a suggestion from your friend in California.
I have been swamped at work today and this is the first time I came peeked into the forum today. Lo and behold, I find out that QLIK is trading at around 15.03. I just bought another 500 shares at about 15.08 average price.
I'm loosing my rear end... But tomorrow is another day
HA! On which company's shares? I figured you already purchased most of your stock shares quite a while ago, when share prices were much lower on many of them. Any of them doing poorly? Which ones are doing the best?
As far as QLIK goes, it's waaaaay to early to know how we're going to do. I think we'll be very... very... glad in the not too distant future, and this is a stock I am willing to wait out. I've accumulated a lot of it at this point, and may even buy more... so I am definitely putting my money where my mouth is.
GS also has purchased many shares of this stock. You are in good company!
HA! On which company's shares? I figured you already purchased most of your stock shares quite a while ago, when share prices were much lower on many of them. Any of them doing poorly? Which ones are doing the best?
You know me by now TM. I was being sarcastic about my QLIK today. No, I have been doing quite well overall. Obviously, my biggest winner (and largest investment) is AAPL since I started buying that stock when it was about $191. I have traded some shares of it back and forth the past 2-3 months and have done well with that approach also. My big loser until the past few days was AMZN. It had plummeted down to $105 but it has rallied nicely after they dropped the price of Kindle. My average price on that stock is around $134. FDX has done very well for me as I bought it on big breaks and sold high a few times. I even own some AMT on your advice from way back when. Some others I own include F, LOW, LPL, LDK, PKX (traded this sucker back and forth several times), SIRI (cheap shot), GLW, HOV (not doing very well, but sticking with it), and some others.
EDIT: I took nice profits today on CF.
However, my total investment in stocks is just a fraction of yours, sonny boy. This way, I can sleep at night .
I posted this last Saturday evening... not all that surprising for any of us that today's market action is volatile, and negative so far. We will get past it.
My post, last Saturday... Next, is Friday's jobs (not Steve... hahaha) report. Yes, we have to wait all week for this one. Better hope for something really terrific during the week, or else the market could have a small case of the jitters for much of the week, as it waits for Friday's jobs numbers. A bad report could wipe out a lot of recent gains.
Even with the expectation that jobs numbers might be bad, and even with yesterday's data, I think it is better to stay IN the market right now and take this opportunity to actually buy even more stocks... like more AMT, for example.
For better or worse, I also bought more QLIK today at 14.92. Given today's action, even that might be very painful at the close. Sleepless nights ahead. haha.
Also, regarding GLW (Corning). I'm not too pleased with the big hit it's taken... doesn't make a lot of sense, but hard to know on a day like today.
It's definitely a freakin' horrible day for stocks in general. Being IN the market during times like this is tough... I don't know how Charlie can stomach it. :sick:
edit: just bought 1,000 more QLIK shares at 14.72... yikes! If we're all wrong about this stock, it'll be the end of me. :surprise:
Base — Type — Excess from base until — Excess type 0 € — 0% — 14,570 € — 23.00 % 14,570 € — 23.0 % — 14,570 € — 28.00 % 29,140 € — 25.50 % — 14,570 € — 35.00 % 43,710 € — 28,66 % — 18,730 € — 40.00 % 62,440 € — 32.01 % — Excess from base, no limit — 45.00 %
Hi all,
Just out of curiosity, I'd like to get compared the Personal Income Tax over here with that in the USA. The above-written table is the 2009/2010 PIT Campaign Table here in the Basque Country Autonomous Community (Spain). Basque Country Autonomous Community has a taxing department and policy of its own, yet it can serve of point of comparison with PIT in the remaining Spanish territories.
Is PIT more severe in Spain (Basque Country AC) or in the USA? Comments welcome.
I don't know how is organized over there, but here in Spain business and societies (no matter its size or legal classification) are taxed apart from individuals. Therefore, to the best of my understanding, PIT progressiveness should not prevent any business to be started or developed, apart from the deterring effect it can produce in the business person the rocketing of his/her Personal IT exceeding 62,440 €.
Ditto that, I also think as many of you do that increasing taxes now (even personal) could be dangerous to our weak economy, here and there, by way of suffocating both, personal consume and business creation/development.
As for investing, I can suggest you to pay attention to Santander Bank stocks (listed in Spain, UK, and America markets). It is strong and well managed. And as a bank, even with a solid future IMO, with enough up and down movements to give benefits 'a la TM'.
Regards, Jose PS. Economics is not my field, so I apologize for my probable errors in terms and words used.
I badly missed the lunch and visit to the enchanting La Alhambra in Granada.
(To be fair, it should be said I've visited La Alhambra four times, of these one by night and after and in-place concert. I've no words to describe La Alhambra: magic, delicious, serene, beautiful, splendid and great but of human size and taste. At the same time, galactic, because in its halls is like being under the most starry sky. Yet they are just words, it's the overwhelming feelings and memories remaining from the visits which count.)
But I'm preparing my yatch to go to Mallorca tomorrow for breakfast with the Ladies. :P
I know there is big controversy in the USA on this First Lady trip to abroad. Yet I've read a poll in an American newspaper and the result was that 66% of voters were in favor.
Gary, even an Europe-hater—as you defined yourself recently in other Edmunds thrend—should pay a visit to some (as many as possible) places over here. Have no prejudices about our attitude to America and American citizens! El Parador de La Alhambra is always plenty, I mean, plenty of American visitors. :shades:
How safe is the American Christian touring Muslim Spain these days? As safe as touring in the USA. Come and see by yourself. (Edited: I am shocked by your comment.)
:confuse: Muslim Spain? You mean, historically or nowadays? :mad:
If in modern times—that is, since 1492 regarding Granada, the last portion of Spain reconquered to the Muslims—we might be speaking of two different Countries. :surprise:
It looks to me that Spain has a higher personal tax, unless the US and state tax is added together, then they are closer.....Both taxes together are a little more than forty percent...So for a married person 35% above three hundred fifty thousand and say seven or eight percent for state....Spain `s tax rate is really high on the surface...I just don`t know what type of deductions they allow----such as if you have some monster deduction for housing , or the VAT tax is a credit or something along those lines....Further we are about to have an additional three or four percent on all income to pay for some sort of medical care for all....and I think that is on top of medical insurance ....so the US citizen will be maybe a bit more than a Spanish citizen......I find it all discouraging...Tony
Maybe not so bad seeing as the Euro nations pay for hand-to-mouth social services and modern infrastructure more than anything, while the US pays for a bloated welfare scheme at home, along with endless pork and corporate welfare, and bizarre wasteful "policeman of the world" foreign policy and military ideals (defending Europe, the Israeli colony, aid to ungrateful nations, and now will be continued preparation against China). Of course, American infrastructure is sad compared to Europe, and if the taxpayer paid all of the costs of the idiocy, the rates would likely be higher, instead of deficits. But discouraging, indeed.
Gary, even an Europe-hater—as you defined yourself recently in other Edmunds thrend—
I think you could expand that to anyplace with lots of people. There are places in Europe that have appeal to me. Some of the small Greek villages, Spain & Portugal do not seem crowded overall in my minds eye. I do love old beautiful architecture. Old castles and churches. I would probably fall in love with some of the places in Europe and want to move there for the rest of my years. The other thing that deters me from Europe is the high prices for tourists. I am too frugal to spend $200 per night for a hotel room. It is a place to sleep and shower and not worth the huge prices I see online. There are great airfares if you can go when they are advertised.
I am more likely to visit select places in Europe than cities like NYC or Chicago.
If you shop carefully, you can get by without going broke. I spent about 3 weeks in Europe last fall, and when I had to stay in a hotel, I stayed in 4 star places...got by for an average of about $75/night thanks to hotwire and priceline. Also got a good deal on airfare...most expensive item was the rental car, and only because I like to drive something nice. It was worth it.
I traveled a little when I was younger, then didn't do anything more exciting than Vegas for several years...now I am going to travel more, as long as I can afford it. I suppose I could just save the money...but you only live once.
4 star for $75 per night would be very nice. My brother and sister in law spent 3 weeks in Scotland and said they did not get by for under $200 per night. And not great accommodations. My wife has been everywhere in Europe driving when she would buy new MB every few years. So not that interested. I won't have much excuse after we sell the other house. If that ever happens. I just got our final approval today on the Chase loan on this house. So that is $1700 more per month in the budget for vacations or whatever. If I can just avoid buying any non money making property, I should be set for a while.
The tax I posted is equivalent to US and state tax added together. VAT and council taxes are apart. Main deductions are for housing, saving into complementary private retirement plans, investments in special areas (sun-powered electricity plants, for instance), family (children & parents in-charge if any), disabilities, etc. Married couples in which both elements have separate incomes can calculate and pay their taxes detached from each other.
Fintail is right in that we have to pay for social services and modern infrastructure more than anything. Although military expenses recently have substantially increased in Spain, they are by no means such a big cake-portion as I can imagine they are in the USA. Foreign services are also much less-consuming over here.
Anyhow, it is discouraging in particular when seeing that misgovernment, or just mismanagement, and high salaries and prerogatives for representatives and members of the government (national, regional, local) happen.
There is a definite difference between Euro and NA 4 star, especially if you are used to a Vegas or NYC standard. But either way, if you shop smartly, you can put together a trip that won't break the bank. Some of those guided tours in the British Isles are especially expensive. I prefer to go my own way, anyway.
$1700 a month in your pocket...a few months of that could fund a trip.
When in Europe you can board cheap but safe fly companies, of which RyanAir is the best IMO. (If there is no RyanAir fly between your regional destinations, you can try also EasyJet and others.) In the websites of these fly companies there are suggestions for good expensive, medium and inexpensive hotels or other places to sleep.
Trains, including medium-high (in Spain, TALGO, AVIA) and high-velocity (in Spain, AVE) trains, are a good alternative; in particular if you want to have a look to the landscape even though it is passing speedy. Another advantage is you board the trains in the city downtowns. You should book the train tickets in advance to get cheaper prices. Rental cars are indeed more expensive in Europe than in America. In the following I past first a link to a website for you to look mainly to the map, distances and times. AVE AVE cheap tickets
If coming to Spain, bear in mind that the Mediterranean coast is reallycrowded in summer. However, Balearic Islands, northern part of Costa Brava and Barcelona are very interesting indeed. You can forget without regrets the rest of the Mediterranean shore—including the ugly Marbella—from Palafrugell in Girona to Tarifa (the southest point of Spain, next to Gibraltar and facing Morocco).
Atlantic coast (either between France and Portugal or Portugal and Tarifa) is the nicest to my tastes and less crowded than the Mediterranean coast. The inconvenient is that sun is not assured in the northern shore. The advantage is that there is plenty of historical villages and towns to spent the cloudy day.
Inlands, there is a lot of historical places everywhere. Small hotels and pensiones/posadas to get a shower and a sleep. Pyrenees and Picos de Europa Ranges are both in the north of Spain and plenty of high peaks, beautiful landscapes and small churches coming from XI-XV Centuries. Sierra Nevada and Serranía de Ronda Ranges are in the south; villages there are extremely picturesque. Here is a link to browse, but avoid the coast and go inlands to the villages. The White Villages Route
Try to avoid July and August months. Best cities are not included above. Americans are welcomed everywhere. :P (We are used to people coming around the world :P .)
Enough for today. Feel free to ask me any question, in the forum or through my CarSpace e-mail. (This is not only for Gary but of course addressed to any of the posters here.)
Both for historic reasons and recent terrorist trouble, I reacted angrily to your question. My sincere apologies there. Still, I feel that some media could be very intoxicating on Spain 'problems', both social and financial ones.
Recently many immigrants have come to Spain, many many more than until a mere decade ago. Among them there is a number of Muslims, they coming in particular from Morocco.
Even though Madrid was chosen by al-Qaeda for the worst criminal attack in casualties after that of NYC 11-S (please, see the link above and the list on the number and origin of the victims), and taking into account too that Spanish Police keep a vigilant eye on local (ETA) and international terrorist organizations, Muslims living in Spain do not represent now any known physical danger neither to nationals nor foreigners, including among the latter the American citizens living or traveling here. Local ETA terrorists have been much more dangerous but to us Spaniards than have been Muslims to anyone over here except in the case of the Madrid train bombings. You can safely tour across Spain and you will feel welcomed everywhere.
Regards, Jose PS. If you are interested in the subject (may be Fintail shall be), you may have a look to Immigration to Spain
The websites are very enticing. Trip advisor was not so encouraging. The lowest fare from San Diego to Barcelona was $3517 for two RT tickets. That is for November off season. Greece was even higher. Taxes are more than the airfare.
I better watch for specials. Some of the B&B rates were reasonable. I would probably rent a car as I like the freedom of going where I want. Hertz at the Barcelona airport is not bad at all for a Focus sized car. I have thought of buying a car in Germany and touring Europe that way also. Who knows I may make it over before I croak.
PS Travelocity has SAS at $911 each with all taxes. I'm looking.
That $3517 airfare rate is insane...shop around. Prices have risen in the past year, but you should be able to find more like that SAS deal. Some places can put together airfare and hotel packages at a savings too.
It's not good to give undue blame for problems to Spain...but also not good to ignore the simmering issues in the EU either. There are financial and demographic headaches looming just under the surface. I still can't see a justifiable reason for the recent Euro price recovery, or for the currency to be as strong as it is. Did people really believe those politically motivated "stress test" results?
Immigration isn't bad in and of itself, but mismanaging it is suicidal. Hopefully Spain is aiming for some level of assimilation and not going the unsustainable multiculturalism route, which I predict will make a new war of sorts on the European continent within this century...and the thought police and false guilt mongering of the EUSSR bureaucrats and egoists in Brussels won't be able to do a thing about it. People are going to rise up in their own way...they will realize being a minority in their own homeland won't be pleasant. Lots of discord in Germany, France. Sweden. and Switzerland right now...and it is finally growing in the UK too.
I'd be more worried about Islamic lunatics making a mess in a large American city than in Europe, given the inability of American intelligence agencies to communicate.
If you go to Spain, gagrice...you'll probably be most annoyed by loud German tourists...kind of like the Texans of Europe :shades:
I have sold all my shares of QLIK this morning. I have learned that my sale represents a huge percentage of the shares traded today, which I was absolutely shocked to discover!!... and I am responsible for the drop in price. I apologize, but suggest that the rest of you take advantage of this and buy the stock at this lower price, if you are interested in it. :surprise:
May I ask why you cut and run? I did get some of the shares you sold at 14.50. I am in this for the long run, and I think so are a lot of people based on the fact that there are 12mil shares outstanding and the daily trade volume is only 250k.
Well... perhaps I can illuminate my perspective better for you and everyone else here...
Consider that I also sold every share of Citi later in the day when I got my price... for the same reason.
It's certainly possible that I have been overly influenced by talking to some others recently, but let's just say that I have decided to not treat the market as a casino.
This is so amazing to me. I've just got to share this with you guys.
Firstly, before I completely sold out of QLIK today, my most recent overall average cost per share was under $15/share. Going back in time a little, to the very beginning of my first QLIK purchases, my first purchases of QLIK shares were during the IPO, and I got in at around $12/share and $13/share, when the stock was first offered for sale... which I quickly sold off at a really nice profit, and I reported all of that stuff here. Those transactions were all prior to today's transaction.
Shortly thereafter, I had another round of profitable purchases that I also cashed in and made another really healthy gain.
Then, as time went on, I decided to buy more QLIK shares at a price in the low $14's/share, and I did not sell any of those shares. In addition to those shares, last week I purchased some shares that averaged $15.28, which was the same price that Charlie purchased some, IIRC. I then continued to purchase more and more and more as the price was falling under $15, which I reported here.
Finally, I decided that if today's price was higher than $15/share, I would sell the whole thing. So, I called my broker, which I almost never do, to tell him what I was going to do, and he informed me that the trading volume was light, and that my sale was considerably large enough to drastically send the price down right after I sold all of it. Admittedly, I almost didn't believe him.
So, I pulled the trigger, and then I watched the price go down, down, down. It was amazing to see this happen. I never thought in a million years that I could own enough stock to affect its price.
You can see by today's chart, exactly how the price went down immediately after my transaction.
:surprise: :surprise: :surprise:
That was honestly an amazing experience!
edit: maybe Charlie is right... that I can purchase part of California in the not-too-distant future. LOL. Who knows?... afterall, it's practically bankrupt.
You did move the market for QLIK. Now if you could just get back in there and move it the other way then it's all good.
LOL... Well, if it gets low enough, I might just do that... but it's unlikely.
Also, just to keep current here... I mentioned that I also sold all of Citi, and I also sold all of GLW (Corning) ... for which I must apologize to Charlie. I was going to sell Bank of America, but the stock is getting closer and closer to its 52-week low, so I expect it will turn the corner in the not-too-distant future.
I had a strong feeling that today was going to be a bad day, and I am glad I sold those particular stocks. That said, I am actually buying today on these dips. I have purchased more Vodafone and I have a buy order in on American Tower if it drops a little more. I am leaving the rest alone for now.
Back to QLIK, I know you will be fine in the long-run because you purchased it at the beginning, when the price was attractive, and also because it seems to be a very solid long-term investment due to the company and its terrific software. You WILL get that Lexus or Porsche from this!
TM, you can do all of us a big favor by letting us know prior to your next purchase of many thousands of shares of QLIK so that I can buy just 300 shares . My 300 shares will hardly make a dent. Seriously though, when I bought just 500 shares the other day, it moved up about 15 cents just like that.
As you all know I have been pretty optimistic on the recovery but today I experienced a rather disturbing thing......A few months ago I purchased a Polaris mini truck, after a good deal of research....I went back yesterday and the place was closed...It was a fairly large distributor--packed full of motorcycles, boats, and other things, employing I would guess fifteen or more people.....Vanished.... It was a surprisings experience, and I was told that they couldn`t really sell very much as no one could get financing...
This gave me a glimpse of pain close up, and on further inquiry No one knew or really cared what happened to the employees....Just imagine how many families are impacted by this dire situation....I phoned the Polaris company and as far as they knew the distributor was still in business and everything was fine.....I know GE was financing Polaris and apparently also the customers who needed financing....I would think Polaris would run a better show, and I told them I thought they should contact their customers and arrange for another dealer to receive what business they could refer....They suggested that I be the one to contact another dealer....
My machine just needs the oil changed, and I have several options for any service I should need........there is just a six months warranty involved....This just goes to show that the American manufacturers are not running themselves very well, and that includes Proctor and Gamble, as they wern`t able to refer us to a particular brand that they made....Thing maybe are getting too big..
All of the above gives me a nervous feeling that the recovery may not be all it is racked up to be, and some turbulent times may be closer than I originally thought.....My thoughts are not all that dire , but for me this is an early warning from the trenches Tony
...No one knew or really cared what happened to the employees....Just imagine how many families are impacted by this dire situation...
...the recovery may not be all it is racked up to be, and some turbulent times may be closer than I originally thought.....My thoughts are not all that dire , but for me this is an early warning from the trenches.
And there you have it. There are so many Americans still impacted by the economic crisis. It is not over.
The recovery is real, IMHO, but sloooooow to take hold in many critical areas.
We still have a jobs crisis, a housing crisis, a credit crisis, and a consumer crisis.
Not to mention a government crisis... meaning a lack of any resemblance of genuine wisdom (or even common sense for that matter) or responsible leadership in Washington.
Just look at our ancient and absurdly unfair and punitive tax policies, as well as the nation's exploding deficit. It's hard to fathom that our leaders can be so off-track, yet we have the proof in the results. The economic data says a lot.
Collectively, our Congressmen and President are essentially incompetent, and while this sounds a bit extreme... in a technical sense, they are an internal threat to our national security.
Part of the purpose there is campaign funding. The teachers unions donate lots to mostly democrats.
Of the funds sent out, a hundred million or so will be paid in dues to the teacher unions which can donate money to the democrats campaigns in the fall.
It's always about politics with this group in DC.
What happened to waiting 5 days before signing bills. Another campaign promise by BO.
I would say they made a political compromise on the bill. Will they get more support from teachers or folks on Food Stamps. At least now they are shuffling money around money that was previously extorted from the tax payers.
Will people vote out the spenders come November? What will it really do to create jobs? Keeping public jobs does not generate wealth for the country. Nothing they did will help create private sector jobs.
It was not something the market wanted to see. In the tank this morning. Maybe time to bail out. Tough to call.
All gov. jobs are a drag on the economy. It is simply robbing Peter to pay Paul and acts as a double whammy by taking money out of the private sector. The concept of public or gov.unions is outlandish and violates the constitution.
It was not something the market wanted to see. In the tank this morning. Maybe time to bail out. Tough to call.
If earnings were in the toilet, or there was some major catastrophe, this market today would make more sense, and I'd be bailing out. IMO, it's more of a mini-correction or it's a knee-jerk reaction to some of the recent illumination of the true nature of our economic situation... which certainly is a little sobering, to say the least.
As bad as things are with the economy, corporate earnings are strong, and that's what should be driving the market. I believe there's too much negative media hype. In any event, I am buying today at these much lower prices. There are some bargains out there.
I will probably hang in there for a while this time.
The concept of public or gov.unions is outlandish and violates the constitution.
Our country has progressively strayed from the constitution. In fact, we are not a genuine democracy at this point in time.
If we were, the elected folks in Washington would be representing the people of the United States instead of representing special interest groups, lobbyists, and campaign contributors.
Spending is literally out of control, the current nature of the IRS is an unconstitutional entity, and there are waaaay too many government programs.
It's a disaster. We really need to take back our country from the thieves that have stolen it.
This company JASO reported good data recently and the market has totally crushed it for days. I discovered this stock bleeding so badly today, so I bought some.
I doubt many of you are in a mood to buy, but the BEST time to buy is when stocks have been hammered.
It is very hard to make any business move right now, from strategic business decisions, to making a business decision about expanding into an adjacent space, to investing in almost anything. To me the stock market is undervalued, oil and commodities are too over-valued (in the case of oil some 20-25% IMO) and business is frozen by a President and administration that is incompetent and undecisive, and despite everything it says seems to abhor capitalism.
I like stocks but can't invest easily because there's way too much speculation that is so short-term. In another era and with any other administration that would have some sense of fiscal responsibility this would be a great time to buy stocks. Companies are very lean, productivity is sky high, incremental profit margins are the highest anyone has ever seen, technology buying is increasing for even greater productivity, Balance Sheets are very strong and companies have trillions of dollars in cash hoards for future expansion. But we have speculators now not investors and it's getting worse every year. It started in the dot com era and it's more like guessing a fad than being astute financially these days. Fundamentals shake things out but they d'ont last. I'll be buying again a few weeks before the next earnings reports as I expect they will again be very strong. As for commodities being high - we have 15% unemployment so demand for anything isn't coming back strong. But I'm big on strong corporate earnings because those that are employed are buying things and now feel secure. That's good for those incremental earnings but it doesn't mean they will drive more, have greater need for oil or eat more so hence I think commoditoes are too overbought. See NY Times link below re "A recession with benefits".
Re this admin it sickens me more and more every day and I have had a very low opinion to begin with dating back to the presidential election. Last week a buddy of mine that works for the Census (temporarily) told me they were intending to create special programs to keep many workers to be employed another month or so. Why? So that the unemployment rate doesn't fall any further at the report issued just before elections and therby influence the fall elections. This admin will go through every trick to hold onto incumbents so we will get things like this and panic stimulus programs to prop up economic news falsely. All they need to buy is a few months and they hardly care how much more danger they cause as a result. Basically this admin thinks the majority of Americans are dumb. Meanwhile the real potential growers of the economy that would allow jobs to be created, a long-term growth economy to become secure, profits to skyrocket on even higher incremental earnings on solid, rather than feeble revenue growth, are simply hoarding cash and putting off decisions until this President makes his economic policies known. I know this full well because I am one of them and frankly I haven't met anyone that employs people that feels any different. I'll hire buit it has to be purely strategic (and by that I really mean defensive startegic) right now.
Bottom line is that a shrewd investor needs to only go into the market when they think good fundamentals will be reported and then get out as soon as they are because of the speculative nature of the market, which reacts to every piece of news like it's the end of the world or the promnise of the fountain of youth. So that's the rule I'm following right now, so it leads me to buy in the weeks leading up to earnings season. But I do it mainly with retirement money and mutuals. The only stocks I have with everyday cash are Citi (which I'm in for the long run) and Apple which I have at about $160 and I can still kick myself because I had it at $84-109 before that stop loss did me in at $128 - when I was on vacation about a year ago at this time.
Simple and deadly accurate post and dead agaisnt what the current admin desires. Obama wants to control everything so his answer to everything is Government.
Comments
LOL... Just trying to make a few bucks.
TM
You bought QLIK shares recently at $15.28. The stock's share price has shown a lot of strength around $15. Of course, we can't know if that will hold, but I am suggesting that you might want to buy a little more today or tomorrow, while the market is in retreat mode. Ask your broker to put in a limit order and see if you can get it at your price, provided it isn't totally unrealistic. Purchase an amount that is comfortable for you, and I think you won't regret it.
At this very moment, it is trading at $15.02, currently the low for the day... it could go lower, no way to know. But either way, by purchasing now, or near this level, you would without question end up with an improved average price-per-share.
You would then own more of this great stock, at an improved average share price, which would then be more likely to give you even greater profits.
I hope I'm not interfering... as you know what is best for your investment strategies... I'm just offering a suggestion from your friend in California.
TM
I have been swamped at work today and this is the first time I came peeked into the forum today. Lo and behold, I find out that QLIK is trading at around 15.03. I just bought another 500 shares at about 15.08 average price.
HA! On which company's shares? I figured you already purchased most of your stock shares quite a while ago, when share prices were much lower on many of them. Any of them doing poorly? Which ones are doing the best?
As far as QLIK goes, it's waaaaay to early to know how we're going to do. I think we'll be very... very... glad in the not too distant future, and this is a stock I am willing to wait out. I've accumulated a lot of it at this point, and may even buy more... so I am definitely putting my money where my mouth is.
GS also has purchased many shares of this stock. You are in good company!
TM
You know me by now TM. I was being sarcastic about my QLIK today. No, I have been doing quite well overall. Obviously, my biggest winner (and largest investment) is AAPL since I started buying that stock when it was about $191. I have traded some shares of it back and forth the past 2-3 months and have done well with that approach also. My big loser until the past few days was AMZN. It had plummeted down to $105 but it has rallied nicely after they dropped the price of Kindle. My average price on that stock is around $134. FDX has done very well for me as I bought it on big breaks and sold high a few times. I even own some AMT on your advice from way back when. Some others I own include F, LOW, LPL, LDK, PKX (traded this sucker back and forth several times), SIRI (cheap shot), GLW, HOV (not doing very well, but sticking with it), and some others.
EDIT: I took nice profits today on CF.
However, my total investment in stocks is just a fraction of yours, sonny boy. This way, I can sleep at night
My post, last Saturday... Next, is Friday's jobs (not Steve... hahaha) report. Yes, we have to wait all week for this one. Better hope for something really terrific during the week, or else the market could have a small case of the jitters for much of the week, as it waits for Friday's jobs numbers. A bad report could wipe out a lot of recent gains.
Even with the expectation that jobs numbers might be bad, and even with yesterday's data, I think it is better to stay IN the market right now and take this opportunity to actually buy even more stocks... like more AMT, for example.
TM
Also, regarding GLW (Corning). I'm not too pleased with the big hit it's taken... doesn't make a lot of sense, but hard to know on a day like today.
It's definitely a freakin' horrible day for stocks in general. Being IN the market during times like this is tough... I don't know how Charlie can stomach it. :sick:
edit: just bought 1,000 more QLIK shares at 14.72... yikes! If we're all wrong about this stock, it'll be the end of me. :surprise:
TM
(And, answering some thing Charlie ask me days ago, I'll ask in turn some questions about taxes in the USA though I've to find some while to do it.)
Regards,
Jose
Base — Type — Excess from base until — Excess type
0 € — 0% — 14,570 € — 23.00 %
14,570 € — 23.0 % — 14,570 € — 28.00 %
29,140 € — 25.50 % — 14,570 € — 35.00 %
43,710 € — 28,66 % — 18,730 € — 40.00 %
62,440 € — 32.01 % — Excess from base, no limit — 45.00 %
Hi all,
Just out of curiosity, I'd like to get compared the Personal Income Tax over here with that in the USA. The above-written table is the 2009/2010 PIT Campaign Table here in the Basque Country Autonomous Community (Spain). Basque Country Autonomous Community has a taxing department and policy of its own, yet it can serve of point of comparison with PIT in the remaining Spanish territories.
Is PIT more severe in Spain (Basque Country AC) or in the USA? Comments welcome.
I don't know how is organized over there, but here in Spain business and societies (no matter its size or legal classification) are taxed apart from individuals. Therefore, to the best of my understanding, PIT progressiveness should not prevent any business to be started or developed, apart from the deterring effect it can produce in the business person the rocketing of his/her Personal IT exceeding 62,440 €.
Ditto that, I also think as many of you do that increasing taxes now (even personal) could be dangerous to our weak economy, here and there, by way of suffocating both, personal consume and business creation/development.
As for investing, I can suggest you to pay attention to Santander Bank stocks (listed in Spain, UK, and America markets). It is strong and well managed. And as a bank, even with a solid future IMO, with enough up and down movements to give benefits 'a la TM'.
Regards,
Jose
PS. Economics is not my field, so I apologize for my probable errors in terms and words used.
(To be fair, it should be said I've visited La Alhambra four times, of these one by night and after and in-place concert. I've no words to describe La Alhambra: magic, delicious, serene, beautiful, splendid and great but of human size and taste. At the same time, galactic, because in its halls is like being under the most starry sky. Yet they are just words, it's the overwhelming feelings and memories remaining from the visits which count.)
But I'm preparing my yatch to go to Mallorca tomorrow for breakfast with the Ladies. :P
I know there is big controversy in the USA on this First Lady trip to abroad. Yet I've read a poll in an American newspaper and the result was that 66% of voters were in favor.
Gary, even an Europe-hater—as you defined yourself recently in other Edmunds thrend—should pay a visit to some (as many as possible) places over here. Have no prejudices about our attitude to America and American citizens! El Parador de La Alhambra is always plenty, I mean, plenty of American visitors. :shades:
Regards,
Jose
As safe as touring in the USA. Come and see by yourself.
(Edited: I am shocked by your comment.)
:confuse: Muslim Spain? You mean, historically or nowadays? :mad:
If in modern times—that is, since 1492 regarding Granada, the last portion of Spain reconquered to the Muslims—we might be speaking of two different Countries. :surprise:
Regards,
Jose
It looks to me that Spain has a higher personal tax, unless the US and state tax is added together, then they are closer.....Both taxes together are a little more than forty percent...So for a married person 35% above three hundred fifty thousand and say seven or eight percent for state....Spain `s tax rate is really high on the surface...I just don`t know what type of deductions they allow----such as if you have some monster deduction for housing , or the VAT tax is a credit or something along those lines....Further we are about to have an additional three or four percent on all income to pay for some sort of medical care for all....and I think that is on top of medical insurance ....so the US citizen will be maybe a bit more than a Spanish citizen......I find it all discouraging...Tony
Spain is apparently a nice destination...maybe I'll stop by on my yearly holiday in a few years.
I think you could expand that to anyplace with lots of people. There are places in Europe that have appeal to me. Some of the small Greek villages, Spain & Portugal do not seem crowded overall in my minds eye. I do love old beautiful architecture. Old castles and churches. I would probably fall in love with some of the places in Europe and want to move there for the rest of my years. The other thing that deters me from Europe is the high prices for tourists. I am too frugal to spend $200 per night for a hotel room. It is a place to sleep and shower and not worth the huge prices I see online. There are great airfares if you can go when they are advertised.
I am more likely to visit select places in Europe than cities like NYC or Chicago.
I traveled a little when I was younger, then didn't do anything more exciting than Vegas for several years...now I am going to travel more, as long as I can afford it. I suppose I could just save the money...but you only live once.
The tax I posted is equivalent to US and state tax added together. VAT and council taxes are apart. Main deductions are for housing, saving into complementary private retirement plans, investments in special areas (sun-powered electricity plants, for instance), family (children & parents in-charge if any), disabilities, etc. Married couples in which both elements have separate incomes can calculate and pay their taxes detached from each other.
Fintail is right in that we have to pay for social services and modern infrastructure more than anything. Although military expenses recently have substantially increased in Spain, they are by no means such a big cake-portion as I can imagine they are in the USA. Foreign services are also much less-consuming over here.
Anyhow, it is discouraging in particular when seeing that misgovernment, or just mismanagement, and high salaries and prerogatives for representatives and members of the government (national, regional, local) happen.
Regards,
Jose
$1700 a month in your pocket...a few months of that could fund a trip.
Stay away from those new car showrooms !!
2013 LX 570 2016 LS 460
When in Europe you can board cheap but safe fly companies, of which RyanAir is the best IMO. (If there is no RyanAir fly between your regional destinations, you can try also EasyJet and others.) In the websites of these fly companies there are suggestions for good expensive, medium and inexpensive hotels or other places to sleep.
Trains, including medium-high (in Spain, TALGO, AVIA) and high-velocity (in Spain, AVE) trains, are a good alternative; in particular if you want to have a look to the landscape even though it is passing speedy. Another advantage is you board the trains in the city downtowns. You should book the train tickets in advance to get cheaper prices. Rental cars are indeed more expensive in Europe than in America. In the following I past first a link to a website for you to look mainly to the map, distances and times.
AVE
AVE cheap tickets
For hotels, you can book cheaper through
tripadvisor
Spain vacations
If coming to Spain, bear in mind that the Mediterranean coast is really crowded in summer. However, Balearic Islands, northern part of Costa Brava and Barcelona are very interesting indeed. You can forget without regrets the rest of the Mediterranean shore—including the ugly Marbella—from Palafrugell in Girona to Tarifa (the southest point of Spain, next to Gibraltar and facing Morocco).
Atlantic coast (either between France and Portugal or Portugal and Tarifa) is the nicest to my tastes and less crowded than the Mediterranean coast. The inconvenient is that sun is not assured in the northern shore. The advantage is that there is plenty of historical villages and towns to spent the cloudy day.
Inlands, there is a lot of historical places everywhere. Small hotels and pensiones/posadas to get a shower and a sleep. Pyrenees and Picos de Europa Ranges are both in the north of Spain and plenty of high peaks, beautiful landscapes and small churches coming from XI-XV Centuries. Sierra Nevada and Serranía de Ronda Ranges are in the south; villages there are extremely picturesque. Here is a link to browse, but avoid the coast and go inlands to the villages.
The White Villages Route
Try to avoid July and August months. Best cities are not included above. Americans are welcomed everywhere. :P (We are used to people coming around the world :P
Enough for today. Feel free to ask me any question, in the forum or through my CarSpace e-mail. (This is not only for Gary but of course addressed to any of the posters here.)
Regards,
Jose
Euphonium,
Both for historic reasons and recent terrorist trouble, I reacted angrily to your question. My sincere apologies there. Still, I feel that some media could be very intoxicating on Spain 'problems', both social and financial ones.
Recently many immigrants have come to Spain, many many more than until a mere decade ago. Among them there is a number of Muslims, they coming in particular from Morocco.
Even though Madrid was chosen by al-Qaeda for the worst criminal attack in casualties after that of NYC 11-S (please, see the link above and the list on the number and origin of the victims), and taking into account too that Spanish Police keep a vigilant eye on local (ETA) and international terrorist organizations, Muslims living in Spain do not represent now any known physical danger neither to nationals nor foreigners, including among the latter the American citizens living or traveling here. Local ETA terrorists have been much more dangerous but to us Spaniards than have been Muslims to anyone over here except in the case of the Madrid train bombings. You can safely tour across Spain and you will feel welcomed everywhere.
Regards,
Jose
PS. If you are interested in the subject (may be Fintail shall be), you may have a look to
Immigration to Spain
I better watch for specials. Some of the B&B rates were reasonable. I would probably rent a car as I like the freedom of going where I want. Hertz at the Barcelona airport is not bad at all for a Focus sized car. I have thought of buying a car in Germany and touring Europe that way also. Who knows I may make it over before I croak.
PS
Travelocity has SAS at $911 each with all taxes. I'm looking.
Immigration isn't bad in and of itself, but mismanaging it is suicidal. Hopefully Spain is aiming for some level of assimilation and not going the unsustainable multiculturalism route, which I predict will make a new war of sorts on the European continent within this century...and the thought police and false guilt mongering of the EUSSR bureaucrats and egoists in Brussels won't be able to do a thing about it. People are going to rise up in their own way...they will realize being a minority in their own homeland won't be pleasant. Lots of discord in Germany, France. Sweden. and Switzerland right now...and it is finally growing in the UK too.
I'd be more worried about Islamic lunatics making a mess in a large American city than in Europe, given the inability of American intelligence agencies to communicate.
If you go to Spain, gagrice...you'll probably be most annoyed by loud German tourists...kind of like the Texans of Europe :shades:
TM
I am in this for the long run, and I think so are a lot of people based on the fact that there are 12mil shares outstanding and the daily trade volume is only 250k.
Well... perhaps I can illuminate my perspective better for you and everyone else here...
Consider that I also sold every share of Citi later in the day when I got my price... for the same reason.
It's certainly possible that I have been overly influenced by talking to some others recently, but let's just say that I have decided to not treat the market as a casino.
TM
Firstly, before I completely sold out of QLIK today, my most recent overall average cost per share was under $15/share. Going back in time a little, to the very beginning of my first QLIK purchases, my first purchases of QLIK shares were during the IPO, and I got in at around $12/share and $13/share, when the stock was first offered for sale... which I quickly sold off at a really nice profit, and I reported all of that stuff here. Those transactions were all prior to today's transaction.
Shortly thereafter, I had another round of profitable purchases that I also cashed in and made another really healthy gain.
Then, as time went on, I decided to buy more QLIK shares at a price in the low $14's/share, and I did not sell any of those shares. In addition to those shares, last week I purchased some shares that averaged $15.28, which was the same price that Charlie purchased some, IIRC. I then continued to purchase more and more and more as the price was falling under $15, which I reported here.
Finally, I decided that if today's price was higher than $15/share, I would sell the whole thing. So, I called my broker, which I almost never do, to tell him what I was going to do, and he informed me that the trading volume was light, and that my sale was considerably large enough to drastically send the price down right after I sold all of it. Admittedly, I almost didn't believe him.
So, I pulled the trigger, and then I watched the price go down, down, down. It was amazing to see this happen. I never thought in a million years that I could own enough stock to affect its price.
You can see by today's chart, exactly how the price went down immediately after my transaction.
:surprise: :surprise: :surprise:
That was honestly an amazing experience!
edit: maybe Charlie is right... that I can purchase part of California in the not-too-distant future. LOL. Who knows?... afterall, it's practically bankrupt.
Wow...what a day.
TM
LOL... Well, if it gets low enough, I might just do that... but it's unlikely.
Also, just to keep current here... I mentioned that I also sold all of Citi, and I also sold all of GLW (Corning) ... for which I must apologize to Charlie. I was going to sell Bank of America, but the stock is getting closer and closer to its 52-week low, so I expect it will turn the corner in the not-too-distant future.
I had a strong feeling that today was going to be a bad day, and I am glad I sold those particular stocks. That said, I am actually buying today on these dips. I have purchased more Vodafone and I have a buy order in on American Tower if it drops a little more. I am leaving the rest alone for now.
Back to QLIK, I know you will be fine in the long-run because you purchased it at the beginning, when the price was attractive, and also because it seems to be a very solid long-term investment due to the company and its terrific software. You WILL get that Lexus or Porsche from this!
TM
TM
I will give you 2 days before jumping back in with both feet... OK at most a week
As you all know I have been pretty optimistic on the recovery but today I experienced a rather disturbing thing......A few months ago I purchased a Polaris mini truck, after a good deal of research....I went back yesterday and the place was closed...It was a fairly large distributor--packed full of motorcycles, boats, and other things, employing I would guess fifteen or more people.....Vanished.... It was a surprisings experience, and I was told that they couldn`t really sell very much as no one could get financing...
This gave me a glimpse of pain close up, and on further inquiry No one knew or really cared what happened to the employees....Just imagine how many families are impacted by this dire situation....I phoned the Polaris company and as far as they knew the distributor was still in business and everything was fine.....I know GE was financing Polaris and apparently also the customers who needed financing....I would think Polaris would run a better show, and I told them I thought they should contact their customers and arrange for another dealer to receive what business they could refer....They suggested that I be the one to contact another dealer....
My machine just needs the oil changed, and I have several options for any service I should need........there is just a six months warranty involved....This just goes to show that the American manufacturers are not running themselves very well, and that includes Proctor and Gamble, as they wern`t able to refer us to a particular brand that they made....Thing maybe are getting too big..
All of the above gives me a nervous feeling that the recovery may not be all it is racked up to be, and some turbulent times may be closer than I originally thought.....My thoughts are not all that dire , but for me this is an early warning from the trenches
...the recovery may not be all it is racked up to be, and some turbulent times may be closer than I originally thought.....My thoughts are not all that dire , but for me this is an early warning from the trenches.
And there you have it. There are so many Americans still impacted by the economic crisis. It is not over.
The recovery is real, IMHO, but sloooooow to take hold in many critical areas.
We still have a jobs crisis, a housing crisis, a credit crisis, and a consumer crisis.
Not to mention a government crisis... meaning a lack of any resemblance of genuine wisdom (or even common sense for that matter) or responsible leadership in Washington.
Just look at our ancient and absurdly unfair and punitive tax policies, as well as the nation's exploding deficit. It's hard to fathom that our leaders can be so off-track, yet we have the proof in the results. The economic data says a lot.
Collectively, our Congressmen and President are essentially incompetent, and while this sounds a bit extreme... in a technical sense, they are an internal threat to our national security.
TM
IMO there is no such animal as a jobless recovery. It just cannot happen, so you guys be prudent.
2013 LX 570 2016 LS 460
Of the funds sent out, a hundred million or so will be paid in dues to the teacher unions which can donate money to the democrats campaigns in the fall.
It's always about politics with this group in DC.
What happened to waiting 5 days before signing bills. Another campaign promise by BO.
2014 Malibu 2LT, 2015 Cruze 2LT,
Will people vote out the spenders come November? What will it really do to create jobs? Keeping public jobs does not generate wealth for the country. Nothing they did will help create private sector jobs.
It was not something the market wanted to see. In the tank this morning. Maybe time to bail out. Tough to call.
2013 LX 570 2016 LS 460
If earnings were in the toilet, or there was some major catastrophe, this market today would make more sense, and I'd be bailing out. IMO, it's more of a mini-correction or it's a knee-jerk reaction to some of the recent illumination of the true nature of our economic situation... which certainly is a little sobering, to say the least.
As bad as things are with the economy, corporate earnings are strong, and that's what should be driving the market. I believe there's too much negative media hype. In any event, I am buying today at these much lower prices. There are some bargains out there.
I will probably hang in there for a while this time.
TM
Our country has progressively strayed from the constitution. In fact, we are not a genuine democracy at this point in time.
If we were, the elected folks in Washington would be representing the people of the United States instead of representing special interest groups, lobbyists, and campaign contributors.
Spending is literally out of control, the current nature of the IRS is an unconstitutional entity, and there are waaaay too many government programs.
It's a disaster. We really need to take back our country from the thieves that have stolen it.
TM
I doubt many of you are in a mood to buy, but the BEST time to buy is when stocks have been hammered.
TM
I like stocks but can't invest easily because there's way too much speculation that is so short-term. In another era and with any other administration that would have some sense of fiscal responsibility this would be a great time to buy stocks. Companies are very lean, productivity is sky high, incremental profit margins are the highest anyone has ever seen, technology buying is increasing for even greater productivity, Balance Sheets are very strong and companies have trillions of dollars in cash hoards for future expansion. But we have speculators now not investors and it's getting worse every year. It started in the dot com era and it's more like guessing a fad than being astute financially these days. Fundamentals shake things out but they d'ont last. I'll be buying again a few weeks before the next earnings reports as I expect they will again be very strong. As for commodities being high - we have 15% unemployment so demand for anything isn't coming back strong. But I'm big on strong corporate earnings because those that are employed are buying things and now feel secure. That's good for those incremental earnings but it doesn't mean they will drive more, have greater need for oil or eat more so hence I think commoditoes are too overbought. See NY Times link below re "A recession with benefits".
Re this admin it sickens me more and more every day and I have had a very low opinion to begin with dating back to the presidential election. Last week a buddy of mine that works for the Census (temporarily) told me they were intending to create special programs to keep many workers to be employed another month or so. Why? So that the unemployment rate doesn't fall any further at the report issued just before elections and therby influence the fall elections. This admin will go through every trick to hold onto incumbents so we will get things like this and panic stimulus programs to prop up economic news falsely. All they need to buy is a few months and they hardly care how much more danger they cause as a result. Basically this admin thinks the majority of Americans are dumb. Meanwhile the real potential growers of the economy that would allow jobs to be created, a long-term growth economy to become secure, profits to skyrocket on even higher incremental earnings on solid, rather than feeble revenue growth, are simply hoarding cash and putting off decisions until this President makes his economic policies known. I know this full well because I am one of them and frankly I haven't met anyone that employs people that feels any different. I'll hire buit it has to be purely strategic (and by that I really mean defensive startegic) right now.
Bottom line is that a shrewd investor needs to only go into the market when they think good fundamentals will be reported and then get out as soon as they are because of the speculative nature of the market, which reacts to every piece of news like it's the end of the world or the promnise of the fountain of youth. So that's the rule I'm following right now, so it leads me to buy in the weeks leading up to earnings season. But I do it mainly with retirement money and mutuals. The only stocks I have with everyday cash are Citi (which I'm in for the long run) and Apple which I have at about $160 and I can still kick myself because I had it at $84-109 before that stop loss did me in at $128 - when I was on vacation about a year ago at this time.
NY Times article:
http://www.nytimes.com/2010/08/11/business/economy/11leonhardt.html?ref=business- - - - -