Stock picking?

Question

what is good stock to buy and what price should you buy and sell the stock?

Answer 1

Oh...if we all knew this we'd be millionaires! I believe in buying stocks that you like. Where do you shop, what do you like to eat? Invest in something that you really really like. You buy when you think the stock is selling low, and sell when it is high. You can buy entire books on this subject...hundreds of them. I usually look at the company's 52 week history (the last year) and I tend to buy it when it is towards the lower end of its 52 week trend. This isn't a very scientific way to do it, buy unless the company itself is in trouble and there is a lot of news on it, I usually assume it will recover. For example...J Crew has a 52 week high of $57...I bought a ton of it this morning at $35. So, even if it recovers to $45 or $50..I've made a pretty good chunk of change. Again...but what you like!

Answer 2

If you feel like doing a little reading...IBD ( Investors' Business Daily) has a twenty point stock selecting process and also charts and lists to help you find stocks on the move.

Some fairly decent info... usually on about the last page of the first section.

Answer 3

Unless you have money to lose , or money you're not gonna need for a year or more , then I suggest you stay away from individual stocks , and put your money into a mutual fund.

It's true that you stand to make a great deal of money on your investment if you buy stock from just one company , but you also stand to lose all of your money doing that.

Mutual funds , however , are much safer.They don't usually give the kind of returns that individual stocks can , but you also protect yourself from much more risk than individual stocks would expose you to.

Holly R (who posted the answer previous to mine) suggested that you watch a stock you like , and look at it's 52 week movement.That's good advice , but you'll want to do that for several years before you get comfortable with putting money on that stock.GM is a good one.It's near a 52 week low right now , and it's been known to double (or halve!) it's value over the course of a year , depending on when you price it.

Do yourself a favor and put as much money as you can into an online savings account for the next year or two while you study the markets.The interest rates for savings accounts suck lately , but your money will be safe there.I recommend EmigrantDirect.com or HSBC.com.You only need $1.00 (and an existing checking account to fund it) to open an account.

Seriously! Take a year or two to save some money while you educate yourself about investing BEFORE you invest!

You can get all kinds of information about the markets and investing from sites like the Yahoo "finance" page , or the MSN.com "Money" page.

Don't go in blindly , and learn to stay away from the latest "hot" trends.The hot trends rarely result in success stories , and when they do it's usually only because a few lucky b******s made choices that would have otherwise been foolish.

Wealth is rarely made overnight.It's made by slow , steady , systematic saving , and informed investing.

Good luck!

Answer 4

Checkout WFR, NE, SNDA, KO, ORCL.

When to buy? Whenever you want.

When to sell? Well, why did you want to buy them?