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Thread: New to the stock market and need some advice

  1. #13

    Join Date
    Dec 2007
    Location
    inland Northwest
    Posts
    4,124

    Default Re: New to the stock market and need some advice

    did you start out buying 500 share blocks, Birch? so far I've only been willing/able to buy 20 or 50 shares at a time.

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  3. #14

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: New to the stock market and need some advice

    I did a lot of buying in C back in 11/08 and 12/08 with 500 share blocks looking for a bottom. On 11/26/08 I got 500 shares at $7.37, another 500 shares at $7.12 on 12/03/08 and another 500 shares at $8.32. Then I lost my courage and went shopping in other places until 3/02/09. Someday I expect to have a profit and will stick with the company until it shines again.

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  5. #15

    Default Re: New to the stock market and need some advice

    I understand what you are saying now. I can afford another hundred shares at 5.00 so I will purchase some more. Looks like I won't have to wait long, last I checked C was up at 4.95.

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  7. #16

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: New to the stock market and need some advice

    You might also look at KEY or REF as small banks yet to outperform.

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  9. #17

    Default Re: New to the stock market and need some advice

    Will do. Thank you again for such helpful comments. Now the trick is to know when to eventually sell. I have no idea how to time that but I am researching and reading.

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  11. #18

    Default Re: New to the stock market and need some advice

    Birchtree, Is the stock symbol REF correct? I couldn't find it.


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  13. #19

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: New to the stock market and need some advice

    My mistake - the symbol is RF for Regions Financial Corp.

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  15. #20

    Default Re: New to the stock market and need some advice

    Thank You, KEY looks like a definite investment on my list. I will check out RF as well. On another note, I read an article today in the Wall Street Journal dated 1/3/2011, entitled "New Scrutiny Slams Near-Shore Exploration". Essentially it discusses the future of HERO and shallow water drilling in a not too favorable light. I was wondering if you saw this and your thoughts on it?

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  17. #21

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: New to the stock market and need some advice

    Honestly it's more regulatory nonsense from the Obama team - I would look for the new congress to get involved and reduce some of those job destroying regulations. I have a number of drillers in my portfolio and I plan to hold all of them. Hercules Offshore (HERO) is a valuable asset to the regional economy and they will in my opinion prevail. The more it goes down I'd be inclined to buy more - energy is not getting cheaper. They could eventually be a buy out from a white knioght like Rowan (RDC) which I own a pile of. Most environmentalist liberals are just a pain.

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  19. #22

    Default Re: New to the stock market and need some advice

    I chuckled at your first sentence, I agree with you 100%. So you really think I should buy more if it falls lower. That is good to know, and I just might do that if i get some extra cash. I never knew a whole lot about drilling and oil but after purchasing this stock I am reading and learning. Seems that off shore deep water drilling is more valuable as a stock than the shallow water but again I am no expert just getting ideas from the articles.

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  21. #23

    Default Re: New to the stock market and need some advice

    This reminds me of the time Ted Kennedy was photo'd out on one of his boats (Naked) with a couple of his girl friends (Naked) all hanging ten on the poop deck.. When the photos hit the press, Alabama Senator Howell Heflin joked he was glad to see Kennedy had "changed his position on offshore drilling.
    A wise man speaks when he has something to say...A FOOL speaks when he just has to say something

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  23. #24

    Default Re: New to the stock market and need some advice

    Hi Birchtree, It's been awile and I was just wondering if you held on to "C" and how you felt about the stock split. I have held on to my original 100 shares that I purchased when it was 3.22 a share but haven't purchased anymore. Since the split I of course have less shares and the price is much higher a share now. Curious to know your take and if you think it is something to still hold.

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