[quote]SkyzykS wrote:
For straight buy and sell on petro stocks, I’d look at seasonal production trends like their conversion from gasoline to heating oil. I’ve always wanted to work a few of those but don’t have a big enough chunk to make a significant gain on something like that.
Some companies like Valero have a pretty distinct and predictable trend that occurs between the end of November and March.
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Here’s a good one. There’s a Israeli company with the ticker MNDO. They pay a huge dividend every March and the Israeli government taxes the shit out of it. Even if you have it in your IRA Israel takes it’s cut. Due to the huge dividend the price of the company drives way up before the pay date then drops in a matching amount the following days.
So, this is what you do, you buy it some time in the next three months or so when the price is at rock bottom. Buy it in your Roth IRA. Watch the price go up over the months going into the dividend pay out then sale it a couple days before they execute. This way you enjoy the run up in share price and you’ve essentially collected the dividend without allowing Israel to take their cut. Tax free US and tax free Isreal profits.
It’s all roulette to me and I never have and never will engage in day trading, but part of my job is to help clients use the company’s trading program and it’s clear that 99% of the people who get into it have no idea what the fuck they’re doing.
[quote]Ripsaw3689 wrote:
What are some resources in which I can learn more about trading futures? I took a spendy class(got 97% off though) for trend trading stocks and have had decent success, although I’m still starting. Limiting my investments solely in equities is a bad idea for the long term, but at least it’s a place to start.
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You have no business touching futures. Stay away from them.
[quote]on edge wrote:
[quote]usmccds423 wrote:
^It seems to me it’s a relatively cheap long term gamble. Perfect for my IRA.
Another thing to consider is, as we continue to distance ourselves from the recession folks are going to start buying more cars (SUV’s not Hybrids) and going on road trips again. This should theoretically drive up oil stocks, even BPs.
At least in my mind. [/quote]
Oh crap, I’m selling BP. Tesla is the wave of the future, oil consumption is going DOWN.
In all seriousness, be careful thinking we are distancing ourselves from the recession. We could easily be closer to the next recession than we are from the last one. Personally, I think when the S&P 500 hit 1600 a few months ago that marked the halfway point for the current bull market. that’s just a hopeful guess on my part though the market could come crashing down next week. Even if I’m right and we have another 3-4 years to go, we are likely to have a pretty sizable market correction sometime before then.
This is why I invest almost exclusively in dividend paying stocks. Dividends tend to support the stock price in down markets plus with the dividends reinvested you get more shares at lower prices.
I only own two non dividend paying stocks; CREE & TSLA. Tesla has the chance of being a revolutionary company and CREE is a pure play on LED lights which are being mandated by the government. I consider those compelling reasons to break from my Dividend/Profitable/Low PE rule.[/quote]
Oh ya, I’m just being optimistic. I just dabble in the market anyway. I threw $3 grand in a Roth a year or so ago and have just been messing around since. I full well except to lose every penny.
It’s more about learning than anything for me.