Awesome Google Finance Discussion

Discussions for OceanFreight Inc. (OCNF)

muzz...@gmail.com

In just about a week I lost half of my bankroll. Between commissions
and a nasty hit from OCNF stock, and now with CVM on a downturn I
need a big turn-around, otherwise I'm toast. I've got to be very very
careful from now on. I still feel OCNF should pay me the .77 dividend
after all it's posted on the GOOGLE finance chart, that would help out
a lot..

srt4r...@gmail.com

[some advice]

muzz...@gmail.com

I know but CARRIER said I should sell my 100 shares of OCNF and buy
CVM, and I would make a lot of money. I'm not listening to him
anymore.

ac36...@yahoo.com

[some advice]

carrier...@gmail.com

Muzzie, OCNF will not pay a dividend until 2015 they relased that
document a while back... If you did your research before you bought
OCNF, you most likley would not have bought it for the dividend
because there is none, and will be none. This stock is now trash! Im
sorry that you think CVM is on a downturn... But the downside risk is
to .25 and the upside risk is to $1 . Now if you want a greater risk
to reward ratio than that, may I suggest these stocks NM CPE WRES CEP
UYG FBR and if you really want to get risky BCON PAE.

muzz...@gmail.com

To arse36...@yahoo.com, You also should have listened to CARRIER,
take a look at OCNF pre-market, All you who have been bragging about
the multi K shares you own and making fun of my 100 shares, do the
math and see how much you're going to lose today I'll bet you wish
you only had 100 shares. My advice to you guys is to go on E-BAY and
type in "CRYING TOWELS" in the search box.

bmy1..@aol.com

LOL............ Ask your monny to change your diaper.

I leave tips for waitresses after dinner bigger than your 100
shares.......... Get a job! Save some cash! And then come back to the
stock market with a half way decent bank roll. You're waisting your
time with what your doing.

muzz...@gmail.com
I bet; you're probably a waitress at that diner. OCNF still going down.
I got out at $1.6, you should have listened.

rickharrison
are you seriously whining about losses and you only had 100 shares?

studwilli...@gmail.com
It's not a loss until you sell.

carrier...@gmail.com
It's not nice to make fun of Muzz because of the little bit invested!
Maybe $100 is all he has to invest...

muzz...@gmail.com
CARRIER, I checked out all of the stocks you listed, every one of them
are DOWN, don't you know any good ones, I'm
looking for stock that goes UP. I want to make money not lose money. I
got hammered with OCNF, I don't want that to happen again, It would
wipe me right out..

muzz...@gmail.com
That's correct; about $100 left but I started with $211and look how
fast I went through that. That's why I keep telling you guys I need a
good stock so I can make myself whole again.

greg.o.roo...@gmail.com
muzz, you make it interesting to be involved in this company's stock.
it makes things way more interesting.

everyone else, you keep it up too, it is entertaining.

bmy1...@aol.com
idiots.

Ah yes. Internet forum humor.

Back to books

Don't tell my wife, but I have bought some reading material since she returned to Singapore. Yeah, I'm a chronic book buyer (and sometimes book reader).

"A Random Walk Down Wall Street" is the first investment book that I read, and to this day, I constantly refer to it and base my investment philosophy of investing the bulk of my money in indices. The book is quite lengthy and goes into a diatribe of the history of investing (starting from the 16th century!). It explains financial theories such as modern portfolio theory and also includes practical advice regarding taxes and retirement funds such as IRA and 401(k)s.

I went ahead and bought some books which have been sitting in my Amazon cart for a few months now.

"The Intelligent Investor" is written by Benjamin Graham, a proponent of Value Investing. Warren Buffett calls this "the best book about investing ever written." Can't argue with the world's richest man (for now).

I browsed through "The Neatest Little Guide to Stock Market Investing" in a book store and it's a nice little package that explains financial jargon in layman terms.

While I was at it, I also got some coding books (ya'know, so that I can keep my job). Now that I think about it, I do tend to overspend on books. Ah well. These two books look interesting, and I can stand to be a better software engineer and less of a computer scientist, especially at my current position.

I will write reviews for these books after I finish reading them.

Holy Cr*p

Stay the course. I will paraphrase a quote from a colleague,

when everyone, not just those who are interested or have vested interest, but, really everyone, even the most bullish TV personality, starts to say "sell", it's a sign that the bottom has arrived.

When the stock market sneezes

A question I have been asking: Did people know they were in a great depression during the Great Depression? Scanning the news over the weekend does not inspire confidence in the finance sector, and somehow seems to conjure images of the Great Depression.

13 Sept 2008 (Sat)
Wall St. Goliath Teeters Amid Fear of Wider Crisis

14 Sept 2008 (Sun)
Lehman failure looms as British bank says it won't bid; could Bank of America buy Merrill Lynch?

Bank of America Said to Walk Away From Lehman Talks

Wall Street Prepares for Potential Lehman Bankruptcy

Derivatives market trades on Sunday to cut Lehman risk

Greenspan: Other big U.S. finance firms may fail

However, remember that this is not all doom and gloom, because the world did recover from the great depression. Looking at all the uncertainty, the smart decision is to pull your money out of investments and ... what ...
Buy treasury bonds? Yeah, trust the US government.
Buy Asia investments? Yeah, as if Asia is going to be spared a global recession.

No, I think the wise man will look at options to invest for the long-term, because the instinctive reaction to move money to a safer investment vehicle is ultimately futile - what alternative do you have that is truly "safe" at this point in time? If everything goes bust, we all go bust (with or without having moved money to "safe" investments). You might as well assume the markets will recover, and invest accordingly.

In other words,

Expected Utility = P(markets recover) Utility(Investments) + P(markets do not recover) * 0.0 (everything is practically worthless)

and since Expected Utility = P(markets recover) Utility(Investments), you might as well be concerned only with Utility(Investments).

What happened to the social class during the Great Depression?

Investment Strategies That Worked in the Great Depression

Google search for [investing in recessions]

Also if you have a long-term view on the finance sector - UYG (Ultra Financials ProShares)

or not - SKF (UltraShort Financials ProShares)