Yeah, so I missed a day or two. I retract my earlier decision about direction, and I am sick of the word direction, so let's just forget about it for awhile.
I looked at the stocks that I look at every couple of months since they are all on sale again. Per my spreadsheet, when I started looking @ AAPL (hey, I have an ipod and i really want a macbook...and that is EXACTLY the sort of logic I use when I look at stocks...please never, ever look for reason beyond the fluffiest fluff when I refer to the NYSE, my retirement account, or any other "investment" I have; the stock market is like my own personal Monopoly, and what I mean by that is that I take it as seriously as I took a childhood board game that I sucked at) it was at $89.32 per share (12/28/2008) and today it was at $257.08/share. WTF, world? (No, that's not a ticker, stop googling it). I want to have dolla dolla bills, y'all; let me play!
I also missed the boat on SFLY. I talked myself out of that one since my reasoning was shaky even for me ("OHMIGOD! You can order and edit pictures online and use coupon codes? Cute logo! I should give them money!"), but it was $7.14 and is presently $24.49. I like to see multipliers used when checking growth. 3x is a good one. I like those silly long shots that have nothing to do with solid histories or excellent balance sheets. Everyone teased me about that Ford (F), but it quadrupled since then, which constitutes success for my brand of trading.
Sooo...want to pretend trade? Try the Virtual Stock Exchange. It's fun.
If I had some cash today, though, I would buy me some XOM. Why? I don't know. Because they just picked up an energy company. Because even though BP is on clearance, I know St. Peter is shutting me out if I buy it. Because I think it will go higher than the $57.24 of today. Of course, I get C's in math (maybe). I just make up stories and buy stuff. I'm like Freakonomics but dumber. Unfortunately for this analogy, that guy had coherent ideas.
When I really do buy (and sell, and dream about understanding options), I use TradeKing. It's cheap ($5 per trade) and easy to use. There is lots of cool info on the site. They have seminars and scoreboards, etc. It's a great place to go if you're too embarrassed to tell an actual broker that you want to buy JCrew (JCG) because you would take a bullet for their driving mocs (guilty).
Later, my 7 gators.
I love Monopoly.
ReplyDeleteI would be WAY too nervous to ever buy stock. I am a weenie. You are cooler than me. Plus, I really like your logic.
I almost invested $1,000 with AAPL when I was back in school, before the first iPod came out. The stock was less than $10.00 I believe. Taking into consideration the number of times it has split, and the amount it has gone up. I am pretty bummed I didn't invest.
ReplyDeleteRae, you should just grow some and do it ;) Electronic money is barely money, anyway...Nick! My first dude follower! That's awesome! At least now i know AAPL isn't just screwing with me. We should ask Evie how much that stock would be worth now...I bet she would know. Hope to see both of you this wkend!
ReplyDeleteI just read about the Exxon Valdez spill. I thought that I was going to hell for buying BP, but it turns out that XOM is really f-ing with the gods. Good thing I was broke. Destiny, my friends.
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