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    All Forums | Investments

    Question for some more experienced wallstreet players...

    KBrick84
    claycourtlesson
    LeRinkRat
    sasquatches1
    Participants:
    Search
    Views: 243
    Posts: 7
     
    KBrick84
    KBrick84
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    Posts: 25143
    Posted: Oct. 24, 2008 - 8:33 PM ET #1

    So I've been helping my dad in the research of some stocks...and we've made a few purchases for long-term stays...and have a couple questions on a few Vegas stocks.

    We recently purchased MOS (Mosaic Co.)

    250 shares at roughly 32.70 thinking it was near the bottom...then of course earnings start coming out and market goes down again...we bought in another 175 at 28.00

    Is this a good stock to hold onto long-term?  I see some analysts have a target price of $112 for this stock...and it's parents company Cargill Inc may buy more interest into the company.  HUGE company in regards to what they control along with Potash.

    Second stock we bought into was Avis (CAR) with 1300+ shares.  Unfortunately, we set a limit buy at $1.50 thinking once again it was near bottom...and day trading today had this bad boy hitting 1.00 today. We bought this more as a riskier stock hoping when the economy starts to cool...the stock will at least triple back up to it's normal $7-10 region.


    Now we have a bit more out there we can throw into the market.  Ive been looking into Las Vegas Sands (LVS)  Obviously have read the Chapter 11 worries...but this stock was trading over $100 last year at this same time.  If they can somehow recover...this stock could pop with the economic recovery.  Really want to get into this or MGM...if others are thinking this is at or near bottom...would love some advice.  LVS is trading way below its 52-week low...so would obviously love to get on it if outlook is good.

    Thanks for any info or input.
    Reply
    To remove first post, remove entire topic.
    So I've been helping my dad in the research of some stocks...and we've made a few purchases for long-term stays...and have a couple questions on a few Vegas stocks.

    We recently purchased MOS (Mosaic Co.)

    250 shares at roughly 32.70 thinking it was near the bottom...then of course earnings start coming out and market goes down again...we bought in another 175 at 28.00

    Is this a good stock to hold onto long-term?  I see some analysts have a target price of $112 for this stock...and it's parents company Cargill Inc may buy more interest into the company.  HUGE company in regards to what they control along with Potash.

    Second stock we bought into was Avis (CAR) with 1300+ shares.  Unfortunately, we set a limit buy at $1.50 thinking once again it was near bottom...and day trading today had this bad boy hitting 1.00 today. We bought this more as a riskier stock hoping when the economy starts to cool...the stock will at least triple back up to it's normal $7-10 region.


    Now we have a bit more out there we can throw into the market.  Ive been looking into Las Vegas Sands (LVS)  Obviously have read the Chapter 11 worries...but this stock was trading over $100 last year at this same time.  If they can somehow recover...this stock could pop with the economic recovery.  Really want to get into this or MGM...if others are thinking this is at or near bottom...would love some advice.  LVS is trading way below its 52-week low...so would obviously love to get on it if outlook is good.

    Thanks for any info or input.
     
    claycourtlesson
    claycourtlesson
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    Joined: Jan, 2006
    Posts: 14917
    Posted: Oct. 25, 2008 - 1:04 AM ET #2

    Cargill is a damn good company----too bad they're not public.
    Reply
    Cargill is a damn good company----too bad they're not public.
     
    LeRinkRat
    LeRinkRat
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    Joined: Dec, 2001
    Posts: 85256
    Posted: Oct. 25, 2008 - 3:53 AM ET #3

    I think the "safe" play (IF there is really ANYTHING really "safe" right now in gaming) is IGT because they are THE industry play in gaming machine tech. they should be one of the first to recover IF the industry doesn't come completely apart.
     
    that being said, you are probably better to NOT try and pick a bottom in ANY of these stocks right now. I just got SPANKED for 5 dimes in LVS, although I think it has a chance to hopefully recover sometime in the future and is STILL probably the best "possable snaproll" spec play.
    Reply
    I think the "safe" play (IF there is really ANYTHING really "safe" right now in gaming) is IGT because they are THE industry play in gaming machine tech. they should be one of the first to recover IF the industry doesn't come completely apart.
     
    that being said, you are probably better to NOT try and pick a bottom in ANY of these stocks right now. I just got SPANKED for 5 dimes in LVS, although I think it has a chance to hopefully recover sometime in the future and is STILL probably the best "possable snaproll" spec play.
     
    sasquatches1
    sasquatches1
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    Joined: Feb, 2008
    Posts: 279
    Posted: Oct. 25, 2008 - 9:17 AM ET #4

    I hold MOS as well due to the fundamentals.  BUT this is not the market for fundamentals these days.  I actually looked at IGT and may get in as it is dirt cheap.  I have been eyeing DRYS for a while as a number of folks like it, but it just keeps sinking. 
     
    I never buy stocks under $10 as a rule of thumb.  Even as much as I like SBUX, I just cannot buy it. 
     
    Yesterday, I was hoping for the mother of all opportunities to initiate long-term positions in a number of DOW components, GE, KO, DIS, T, IBM, MSFT, etc.  Perhaps next week.  Most of my portfolio now is "safe" havens if there is such a thing.  MO, PM, RAI, DUK, BMY, some GE, a couple of local banks with minor asset problems.  Covered shorts in LOW, DKS, CMG.  50% in cash right now and waiting to go all in.   
    Reply
    I hold MOS as well due to the fundamentals.  BUT this is not the market for fundamentals these days.  I actually looked at IGT and may get in as it is dirt cheap.  I have been eyeing DRYS for a while as a number of folks like it, but it just keeps sinking. 
     
    I never buy stocks under $10 as a rule of thumb.  Even as much as I like SBUX, I just cannot buy it. 
     
    Yesterday, I was hoping for the mother of all opportunities to initiate long-term positions in a number of DOW components, GE, KO, DIS, T, IBM, MSFT, etc.  Perhaps next week.  Most of my portfolio now is "safe" havens if there is such a thing.  MO, PM, RAI, DUK, BMY, some GE, a couple of local banks with minor asset problems.  Covered shorts in LOW, DKS, CMG.  50% in cash right now and waiting to go all in.   
     
    KBrick84
    KBrick84
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    Joined: Nov, 2003
    Posts: 25143
    Posted: Oct. 29, 2008 - 4:00 PM ET #5

    Good thing I held onto MOS...up quite a bit the last 2 days.  I may sell...as I think the Market will spike back down to end the week.  Or maybe I'll sell my 250 at $32.50 and hold onto the 175 at $28...and maybe try to hit another bottom on this stock.  CAR is my riskier purchase...and it's getting its ass hammered.

    Anyone thin this market spikes back down tomorrow?
    Reply
    Good thing I held onto MOS...up quite a bit the last 2 days.  I may sell...as I think the Market will spike back down to end the week.  Or maybe I'll sell my 250 at $32.50 and hold onto the 175 at $28...and maybe try to hit another bottom on this stock.  CAR is my riskier purchase...and it's getting its ass hammered.

    Anyone thin this market spikes back down tomorrow?
     
    LeRinkRat
    LeRinkRat
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    Joined: Dec, 2001
    Posts: 85256
    Posted: Oct. 29, 2008 - 4:13 PM ET #6

    Anyone thin this market spikes back down tomorrow?
     
    WHO the fuck KNOWS in this crazy market? all I know is the fundamentals have NOT changed. last two days probably just a short term correction of a grossly oversold position and short covering esp in the gaming stocks.
    Reply
    Anyone thin this market spikes back down tomorrow?
     
    WHO the fuck KNOWS in this crazy market? all I know is the fundamentals have NOT changed. last two days probably just a short term correction of a grossly oversold position and short covering esp in the gaming stocks.
     
     
    KBrick84
    KBrick84
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    Joined: Nov, 2003
    Posts: 25143
    Posted: Oct. 29, 2008 - 4:20 PM ET #7

    Thanks for the input Linl

    Almost bought into LVS early this week...but the Chapter 11 rumblings scared me off.  Now obviously regretting it.  May purchase right before close Monday afternoon...as I think the earnings for this company will drive this stock down...its just catching it again at its bottom.
    Reply
    Thanks for the input Linl

    Almost bought into LVS early this week...but the Chapter 11 rumblings scared me off.  Now obviously regretting it.  May purchase right before close Monday afternoon...as I think the earnings for this company will drive this stock down...its just catching it again at its bottom.
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