SOM's Sure Thing Stock Pick :)

The Son of Man

The Son of Man

Well-Known Member
Buy FAS today between $4.90 and $5.15. There's a government hearing on THURSDAY about repealing or modifying mark to market accounting for banks---something very good is going to come out of this meeting for banks. Easy/fast money between now and Friday---at which point sell and buy something stupid with your profit :)
 
son of man, had a question for you.
my economics teacher is always talking about the safest stock right now to buy would be in the bank of canada...they have a 7% spread on most of their loans, so they're constantly bringing in a huge profit...what do you think about this?
 
ranksda58 said:
son of man, had a question for you.
my economics teacher is always talking about the safest stock right now to buy would be in the bank of canada...they have a 7% spread on most of their loans, so they're constantly bringing in a huge profit...what do you think about this?
Click to expand...


That would be an investment---I'm giving you a solid trade in FAS. It takes a lot of time to do due diligence on a stock---so I can't give you an accurate read on a stock I'm not interested in---but bank stocks are near an all time low right now---so you can't go wrong with one that isn't at risk of going bankrupt---as an investment.

Banks consolidate in recessions---so the rule of thumb is to buy the strong regional banks---because they will merge together. Ask your economics professor who the Bank of Canada would probably merge with?---buy the weaker of the two---that's how you make the real money off of bank stocks as an investment---consolidation.
 
If I want to take your advice, should I set up an account on ETrade? Also, I was looking at the fees page and does it mean they would charge me 12.99 initally, and then .75 if I buy options?
 

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dthfromabv79 said:
If I want to take your advice, should I set up an account on ETrade? Also, I was looking at the fees page and does it mean they would charge me 12.99 initally, and then .75 if I buy options?
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open an account on etrade---they usually have promotions that give you some free trades for a period if you qualify---which you probably won't because you have to trade several times a day to even come close.

The 7.50 options have been getting the most play---but market makers will fuck with it if you plan to keep them. I would buy in the money calls now---$5. You would be much better off buying the etf outright if your opening a new account---because you have to wait for the funds to settle and your paperwork would have to be approved to trade derivatives.
 
thanks for the heads up som. jst talked to my pops about it.. he's looking into it. he lost a bunch of money in that shit the other day... maybe he'll take a chance in this and get is money back :)
 
Your only up 14% so far today with a lot more to come between now and Thursday if you bought.

Should be some stoners buying all kinds of stupid shit by the end of the week :)
 
SOM what kind of money do i need to get started? i know the more you have the more you can make. but im a little guy.
 
I'm still down on my Apple stock. I was up over a grand before the crisis hit. I'm just waiting it out. Almost back to break even ($124.something, currently at 106.68)
 
SlikWiLL13 said:
SOM what kind of money do i need to get started? i know the more you have the more you can make. but im a little guy.
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$500 would be the minimum. I started with student loan money :)

If you can handle losing the $500---buy the five dollar April call options---this will make you the most profit for the money---but it's riskier than just owning the stock. I'm GUESSING/PREDICTING FAS will be worth eight to nine dollars by the end of the week from mathmatical data and technical indicators.
 
Bookworm said:
I'm still down on my Apple stock. I was up over a grand before the crisis hit. I'm just waiting it out. Almost back to break even ($124.something, currently at 106.68)
Click to expand...

You better pray Jobs doesn't fucking die or you'll also be killed temporarily :) You would be much better off to sell aapl and buy FAS until the end of the week---then go back to aapl.
 
you're probably right, but my dad still runs my account and he doesn't want me gambling with my money until I'm out of school.
 
SOM this is really cool of you! I did not buy in but I passed your info to my beloved stoner brother and I believe he did! Keep all these tips coming!!!
 
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