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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Personal finance and investing megathread extravaganza

I know lewdog (and maybe others) have mentioned the desire to have a place to chat about personal finance stuff. We'll see if there's enough interest to keep this going in the long-term, but at least for now, here's a place to chat about whatever personal finance topics come up.



If you're just getting started thinking about saving and don't know where to begin, this flow chart can help. Ask for advice in the thread for more help!

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Old 03-10-2017, 08:57 AM   #796
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Here's a beginner's question...when I am creating a buy order for a stock I'm seeing "bid" and "ask" prices and then a place where I can specify a price, but it is pre-filled with the "ask" price. What is bid vs. ask?
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Old 03-10-2017, 09:25 AM   #797
DaKCMan AP DaKCMan AP is offline
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Quote:
Originally Posted by kepp View Post
Here's a beginner's question...when I am creating a buy order for a stock I'm seeing "bid" and "ask" prices and then a place where I can specify a price, but it is pre-filled with the "ask" price. What is bid vs. ask?
There are a set number of shares available for a given stock. When you buy shares of a stock that means someone else is selling.

Bid is what someone buying is willing to pay per share.
Ask is what someone selling is willing to accept per share.

Bid/Ask prices fluctuate constantly as the share price of a stock changes.
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Old 03-10-2017, 09:45 AM   #798
ChiliConCarnage ChiliConCarnage is online now
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Quote:
Originally Posted by kepp View Post
Here's a beginner's question...when I am creating a buy order for a stock I'm seeing "bid" and "ask" prices and then a place where I can specify a price, but it is pre-filled with the "ask" price. What is bid vs. ask?
You're entering a market order.

Read this
http://www.investopedia.com/terms/b/bid-askspread.asp
Then this about limit orders
http://www.investopedia.com/ask/answ...-far-apart.asp

That site has good info for a beginner. You can also paper trade in their simulator
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Old 03-10-2017, 11:12 AM   #799
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For big stocks, I think the difference between bid and ask is so small that it's inconsequential. But for small stocks sometimes it's a pain because you always get the price that's worse and it can make a difference in your plan.
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Old 03-10-2017, 11:25 AM   #800
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For big stocks, I think the difference between bid and ask is so small that it's inconsequential. But for small stocks sometimes it's a pain because you always get the price that's worse and it can make a difference in your plan.
He's buying a OTC penny stock that the last 3 refreshes of my google finance page have been -6%, -8% and then -11%. You can get in for .0213/share now!

.. and back to -6.67 on next refresh
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Old 03-10-2017, 11:27 AM   #801
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Quote:
Originally Posted by kepp View Post
Here's a beginner's question...when I am creating a buy order for a stock I'm seeing "bid" and "ask" prices and then a place where I can specify a price, but it is pre-filled with the "ask" price. What is bid vs. ask?
If/when you buy, make sure to put in a limit order, not a market order. Especially on lower-priced stocks. It's just as easy, and it keeps you from getting screwed by market makers.
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Old 03-10-2017, 11:46 AM   #802
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It seems like that Twx att merger is a pretty good bet. Currently, the way the transaction is structured, the market value when it goes through for Twx is a little over 108 a share, versus a current price of 98/share.the merger will not be subject to an fcc review and the DOJ review does not look like an obstacle. It's worth a shot, imo.
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Old 03-10-2017, 12:29 PM   #803
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Anyone know any good Bitcoin/Crypto currency-related potential moon shots? HIGHLY speculative, but they could explode if things go the right way. I'm looking at $BITCF right now. Don't even know if it's a legit company yet. Trading at $0.06 OTC currently.
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Old 03-15-2017, 09:48 AM   #804
JohnnyHammersticks JohnnyHammersticks is offline
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Originally Posted by TigerUppercut View Post
Want to make a nice investment that will cash out well in the next few years?

Aclaris Therapeutics and Portola Pharmaceuticals.

You're welcome.
Portola trying to push through $40. Thanks for the tip, got 500 @ $37.88. Didn't buy Aclaris. Up over a thousand already. If/when it holds above $40, I'll get more, since next resistance is around $50.

And in terms of my previous post, about 10 minutes research into BITCF leads to not wanting to touch it with a 10 foot poll. I like the future of crypto currency, but not BITCF.
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Old 03-15-2017, 01:26 PM   #805
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Were definitely getting another rate hike this month. Futures are over 90% now. A 2nd one by June is almost at 50%
bumped another quarter point. It looks like pretty much everything reacted positively. Even interest sensitive things.. bonds, REITs, utilities all up in general
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Old 03-15-2017, 01:54 PM   #806
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Anyone know any good Bitcoin/Crypto currency-related potential moon shots? HIGHLY speculative, but they could explode if things go the right way. I'm looking at $BITCF right now. Don't even know if it's a legit company yet. Trading at $0.06 OTC currently.
If you're looking to gamble check out BTCS:OTCQB
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Old 03-15-2017, 02:14 PM   #807
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If you're looking to gamble check out BTCS:OTCQB
Oh I'm looking to gamble. Thanks, I'll check it out.

Big day for $PTLA. Blew right through $40. Up $1500 thanks to TigerUppercut.
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Old 03-16-2017, 09:04 AM   #808
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Oh I'm looking to gamble. Thanks, I'll check it out.

Big day for $PTLA. Blew right through $40. Up $1500 thanks to TigerUppercut.
Thinking of getting 50 shares today... Good buy and hold you think or look elsewhere?
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Old 03-17-2017, 11:42 AM   #809
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This morning I took a little gamble in the options market that paid off nicely. Almost a two hour trade to the exact moment.

Bought $2000 worth of Tesla TSLA $265 calls (50) contracts at .40 that expire TODAY around 10:15 am and sold them all by 12:15 pm for between .67 and .75 netting a $1,470 profit or just over 70% return.

Nice way to start my sabbatical.

I'm now in Tulsa OK, a little more than halfway to Scottsdale. Going to be lounging by my longtime friends pool today.......
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Old 03-17-2017, 02:14 PM   #810
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Originally Posted by scho63 View Post
This morning I took a little gamble in the options market that paid off nicely. Almost a two hour trade to the exact moment.

Bought $2000 worth of Tesla TSLA $265 calls (50) contracts at .40 that expire TODAY around 10:15 am and sold them all by 12:15 pm for between .67 and .75 netting a $1,470 profit or just over 70% return.

Nice way to start my sabbatical.

I'm now in Tulsa OK, a little more than halfway to Scottsdale. Going to be lounging by my longtime friends pool today.......
I'm trying like hell to understand that pic and how it made you money.
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