(meh, sold it... sorry guys) Mooky's Stock tip for the Day. Take-Two Stock up 60%

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TTWO - Take two Interactive hit an all time low (-18%) today at around $10.00 a share.

If you have a $1,000 - I'd call you're broker now. Because TTWO stocks will never be this low again.

Once GTA4 comes out, sell... (Prolly around 30.00+ a share) and buy yourself a Vespa or something.

Just lettin you know. :D

EDIT: 9-28-2006


Whoever actually listened, you're welcome. You just made 60% profit.


http://www.joystiq.com/2006/09/28/take-two-stock-up-60/

I've got enough to go crazy with PS3 and Wii this year.



EDIT: 3/31/2008

Sorry, as much as I hate EA, I sold my original 300 and the other 1200 stocks I bought later to EA today. EA is right, the price is inflated because of EA wanting to buy it, and its not going to rise this high again for another 3 years or so. I mean, I dont know that for a fact, but I'd rather toss it before its too late.

I'm gonna take the 40,000+ and throw it on a down payment for a house. I made $30+ thousand on this in less than 2 years. Not bad, I wish I would of bought more.
 
Also, this stock just raised about 2% in the last hour. Its on the rise.

I just bought about $3,000 worth, with all the money I've made with Procter and Gamble, and Marvell Tech jump.
 
[quote name='VanillaGorilla']I don't gamble. I would rather spend my money one something I know I'll still have in 5 years.[/quote]

Only the ignorant believe stock trading is gambling.

You bought your PS2 probably close to 5 years ago (Guessing, maybe something else... you get the point), but does your PS2 give you a return?

If you spend the first 10 years of your adult life on things that'll bring you money... you'll be set for life. Everything is a business expense for the intelligent.... you just have to change your "everything".
 
[quote name='zebbers']sorry, my money is tied up in AAPL, which is also at a very nice low.[/quote]

As low as it'll ever get now. :D

Very nice, Apple's on the rise right now.
 
Take Two: relies too heavy on it's key franchise, GTA. It's management is also questionable given it's handling of Hot Coffee. While Oblivion has done very well, it won't stop 2006 from being a down year for the company overall. I expect sales won't start growing again until well into 2007 after the PS3 launches and all next gen systems have a healthy number of software titles in their libraries. There's a lot of risk here, and it might be a bit of a wait until you see any meaningful return, but I agree this stock is a good buy now presuming it will eventually go back to trading in the mid $20 range.

AAPL is a great company with wonderful products, but this stock has always been overpriced. Macs still comprise less than 10% of the computer market and they rely very heavily on new product releases to drive sales. I can't justify picking up this stock unless it was in the low to mid $40 range.

Just my one cent.
 
[quote name='2Fast']Good advice, now if only I had a broker :/[/quote]

It's fairily simple to find one and there are a lot more discount brokers that you can trade with on the cheap. Just visit any of the major finance sites to research one that will be right for you. Like stocks, you'll need to do research to make an informed decision, but it pays off in the long run.

[quote name='VanillaGorilla']I don't gamble. I would rather spend my money one something I know I'll still have in 5 years.[/quote]

It's not gambling if you do the research.
 
[quote name='VanillaGorilla']I don't gamble. I would rather spend my money one something I know I'll still have in 5 years.[/quote]

It's not gambling if you do the research.
 
[quote name='gunm']Take Two: relies too heavy on it's key franchise, GTA. It's management is also questionable given it's handling of Hot Coffee. While Oblivion has done very well, it won't stop 2006 from being a down year for the company overall. I expect sales won't start growing again until well into 2007 after the PS3 launches and all next gen systems have a healthy number of software titles in their libraries. There's a lot of risk here, and it might be a bit of a wait until you see any meaningful return, but I agree this stock is a good buy now presuming it will eventually go back to trading in the mid $20 range.

AAPL is a great company with wonderful products, but this stock has always been overpriced. Macs still comprise less than 10% of the computer market and they rely very heavily on new product releases to drive sales. I can't justify picking up this stock unless it was in the low to mid $40 range.

Just my one cent.[/quote]

Macs may comprise less than 10% of the computer market, but not very many companies hold more than 10% either... it just looks weak for Apple since they run their own OS. Apple's stock is on the rise though.

Also, we're talking game stock, I dont put much money in game stock as it ALWAYS relies on their games and how they sell. The gaming stock market is a bust, but if you were to start small... the gaming market is good... as long as you play it right. THQ and Activision's stock flies all over the damn place, and EA is steadily falling hard.

But TTWO is a win/win - as the only reason their stock plummeted is because of the hot coffee bullshit that's really slamming the stock right now.... but its not gonna keep GTA4 from hitting the shelves, and you're looking at a pretty good increase when that hits. Take the money you made and either invest again, or buy yourself a PS3 and 15 games for a $1000 bucks.

:D
 
Im to dumb to understand stocks. I do own some from the company I work for ADP, well will own after the end of this year. Would love to get in on this but dont have $1000 to spare. I would love to see this thread around Fall next year to see how well you guys did though.
 
I buy and sell stock for the people I work with all day long.

And I invest my money in good mutual funds.

Why risk thousands on one stock when I can let real experts pick a diverse mixture of stocks from all sectors and lower my risk substantially.

Although I have made a few bucks on Sirius (siri) and Apple (aapl) in the past. ;)
 
[quote name='LinkinPrime']Im to dumb to understand stocks. I do own some from the company I work for ADP, well will own after the end of this year. Would love to get in on this but dont have $1000 to spare. I would love to see this thread around Fall next year to see how well you guys did though.[/quote]

You dont have to understand stocks, it just helps. You just have to learn when to cut your losses, and not to get greedy. Nickel and dime your way to the top and you should be fine. Never invest all into one thing, unless its a sure bet.

Dont listen to me, listen to your gut... but the TTWO stock is insanely low, but I think we all know GTA isnt going anywhere. I've invested, and to be honest... I fucking hate GTA.
 
[quote name='Puffa469']I buy and sell stock for the people I work with all day long.

And I invest my money in good mutual funds.

Why risk thousands on one stock when I can let real experts pick a diverse mixture of stocks from all sectors and lower my risk substantially.

Although I have made a few bucks on Sirius (siri) and Apple (aapl) in the past. ;)[/quote]

Sirius is majorly on the rise, but Apple though it hit a good 2% today, my gut tells me I should of sold when I had the chance before closing today.
 
[quote name='Mookyjooky'] Never invest all into one thing, unless its a sure bet.[/quote]

Spoken like a true day trader. Can we expect your killing spree in 3-6 months?
 
[quote name='Mookyjooky']TTWO - Take two Interactive hit an all time low (-18%) today at around $10.00 a share.

If you have a $1,000 - I'd call you're broker now. Because TTWO stocks will never be this low again.

Once GTA4 comes out, sell... (Prolly around 30.00+ a share) and buy yourself a Vespa or something.

Just lettin you know. :D[/QUOTE]


unless there are stuff in it like the last game and they get the hell sued out of them.

I remember people saying MVEE is going to 1 buck as soon as ..... came out its now .000001 per share . take that 1000 bucks and you probally could own the company :)
 
Mookyjooky is not a professional stock trader, nor a broker... just a fan of the "gamble". =)

These picks arent for real money, just your fantasy stock trader like the one on investopedia.com. So dont blame me if you're homeless because you listened to me. This isnt advice, I'm just posting these for fun.

My other personal picks =

- CIENA CORPORATION (CIEN) My gut tells me this will boom tommarrow at 9:30... any takers.

- 3COM (COMS) will rise again tommarrow... 15% jump and still rising

-GLAXOSMITHKLINE PLC (GSK) Rising Nicely.

-SIX FLAGS INC (SIX) May surprise you now that its dirt cheap and all the BS has blown over. On the rise.

-SIRIUS SATELLITE RADIO (SIRI) This shit is flying bigtime. Great stock. Sell when it stops.

-TEKTRONIX INC (TEK) Sold what I had today, and by the looks of it, its still rising... oh well, I walked away a winner. =)

Other Favorites, but may be too late to profit... keep an eye on them.

(ACI), (APC), (ABFS), (CNX), (WGR), (CYN), (MRVL)

My sell now, it'll only hurt you later selections =

- NETFLIX INC (NFLX) - I lost a lot of money in the last week with them. I'm just hoping it levels out so I can sell... if it drops another 1%, I'm taking the loss.

- Ford Motor (F) - Stock masters and gurus said buy, buy, buy... and its just falls, falls, falls.

- ABERCROMBIE & FITCH CO (ANF) Avoid like the plague, I just lost $360 bucks on this thinking it would rise after such a massive fall...still falling.
 
[quote name='Stuka']Spoken like a true day trader. Can we expect your killing spree in 3-6 months?[/quote]

You cant get anywhere without day trading first in my books. I'm day trading till I hit $50,000...

Then I put $30,000 into a 12% interest compound account, and $10,000 back into slow and steady risers, and day trade my $10,000 all over again.

I started with $10,000. No more, no less. If I loose it all, thats the chance I took. I count that as pretty low risk.
 
i plan on really putting some cash into stocks soon. shit, I wish I would've back in high school. all the time and effort I put into pursuing and learning other useless things (drugs, videogames) could've been spent learning the ways of the market.
 
[quote name='Apossum']i plan on really putting some cash into stocks soon. shit, I wish I would've back in high school. all the time and effort I put into pursuing and learning other useless things (drugs, videogames) could've been spent learning the ways of the market.[/quote]

That was the same epiphany I had. Recently I sold everything except my 360 and decided to only spend money to make money.

Start a business while your at it, and write everything off. You cant write off a game system, but you can write off going out to party at a bar. Its a friggin crazy world. =)
 
[quote name='2Fast']Teach me your secrets.[/quote]

I'll teach you the two most important ones. (At least for me)

1. Treat life as if it were a game to beat. Give yourself a great ending. I wrote a check for a million and framed it and put it above my bedroom door. I plan on cashing it one day to see what a million in cash really looks like. Then I'll roll in it.

2. Think twice, but never three times.
 
[quote name='Mookyjooky']Mookyjooky is not a professional stock trader, nor a broker... just a fan of the "gamble". =)

These picks arent for real money, just your fantasy stock trader like the one on investopedia.com. So dont blame me if you're homeless because you listened to me. This isnt advice, I'm just posting these for fun.

My other personal picks =

- CIENA CORPORATION (CIEN) My gut tells me this will boom tommarrow at 9:30... any takers.

- 3COM (COMS) will rise again tommarrow... 15% jump and still rising

-GLAXOSMITHKLINE PLC (GSK) Rising Nicely.

-SIX FLAGS INC (SIX) May surprise you now that its dirt cheap and all the BS has blown over. On the rise.

-SIRIUS SATELLITE RADIO (SIRI) This shit is flying bigtime. Great stock. Sell when it stops.

-TEKTRONIX INC (TEK) Sold what I had today, and by the looks of it, its still rising... oh well, I walked away a winner. =)

Other Favorites, but may be too late to profit... keep an eye on them.

(ACI), (APC), (ABFS), (CNX), (WGR), (CYN), (MRVL)

My sell now, it'll only hurt you later selections =

- NETFLIX INC (NFLX) - I lost a lot of money in the last week with them. I'm just hoping it levels out so I can sell... if it drops another 1%, I'm taking the loss.

- Ford Motor (F) - Stock masters and gurus said buy, buy, buy... and its just falls, falls, falls.

- ABERCROMBIE & FITCH CO (ANF) Avoid like the plague, I just lost $360 bucks on this thinking it would rise after such a massive fall...still falling.[/QUOTE]


did you have CIEN when it did that Major reverse split . That really sucked
 
The entire market was up about 2%-3% (Dow 2%, Nas 3%) today so any individual stock bumping up that much isn't terribly remarkable.
 
[quote name='Sleepkyng']start a ROTH IRA now.[/quote]

yes, but then you still ahve to continually invest in it annually to really make a profit by the time your 50.
 
[quote name='hiccupleftovers']yes, but then you still ahve to continually invest in it annually to really make a profit by the time your 50.[/quote]

That's a truism in pretty much anything you invest in. Even stocks (which can just be a one-time purchase) can be repurchased over and over again for profit (like margin buys, etc.). Besides, Roths are pretty good nest eggs around as a bit of a safety net in case shit happens to your other investments. Being in real estate, most of the profits I make (after paying off expenses - taxes, salaries, etc.) are earmarked for reinvestment in the properties they're derived from or set aside as an emergency buffer for small (but potentially pricey) things involved w/ the properties, especially when it means the difference in increase for insurance premiums vs. paying for damages directly myself. I also like using life insurance policies like variable universal life. They're great investment vehicles as well as making sure your family is safe in case of shit happening to you.
 
Atari's stock is under $1 is that a good deal? I joke I joke. If I had the money available I would play the stock market. Lots of money to be made on the SM. IMO you have a better chance of making money then losing money if you just do a little research. One day I'm just going to stick $5,000 in the SM.
 
I wouldn't recommend getting to TTWO at this point, because there's still a lot of pain to be had through this whole investigation/indictment thing. It was weak before the news, and didn't rebound at all after it hit. Unless some really good news comes out, its a train wreck for the short term. IMHO, stay away.
 
The management problems continue for Take-Two which saw it's stock drop another 7% today on news that they are again being investigated (along with a number of other companies) by the SEC--this time for stock options practices dating back to 1997.

Previously, Take-Two paid over $7 million in a settlement with the SEC over another investigation into it's accounting practices. No wrongdoing was admitted in that case.

Another well-known tech company, CNET, simultaneously announced it would be restating it's financial results over the same kind of accounting issues alleged to be affecting Take-Two. This action prompted shares of CNET to take a modest increase on a day that saw most of the Tech sector continue it's downward trend.
 
[quote name='hiccupleftovers']yes, but then you still ahve to continually invest in it annually to really make a profit by the time your 50.[/quote]

Or you could contribute for 8 years and then all of a sudden not be allowed to contribute anymore... like me.
 
TTWO closed at just under $11 (w/ a daily low of $10.50) on 6/29 and at $14.40 today so that's about a 25% gain.
 
[quote name='Mookyjooky']updated 1st post.[/QUOTE]

I normally don't agree with your Nintendo stances, but I can't see anyone who could think that this was bad advice. If I had the money, I would've dumped a cool 5k in, sold, and then reinvested a portion for GTA4.
 
Google is your friend.

And I actually did pick up TTWO myself when this thread came out and did double my investment before getting rid of it. It was a small investment, though. Almost wish I had put significantly more, but no regrets overall.

Oh yeah, and thanks Mooky! ;)
 
[quote name='greyzieoriental']really old thread, where can you read and learn about stocks?[/quote]

The Intelligent Investor by Benjamin Graham will teach you the fundamentals of investing. Investopedia will help teach you the basic practical moves of investing in stocks. The New Buffettology by Mary Buffett & David Clark, and The Warren Buffett Way by Robert G. Hagstrom will teach you the pragmatic logic behind stock investing.
 
[quote name='jaykrue']The Intelligent Investor by Benjamin Graham will teach you the fundamentals of investing. Investopedia will help teach you the basic practical moves of investing in stocks. The New Buffettology by Mary Buffett & David Clark, and The Warren Buffett Way by Robert G. Hagstrom will teach you the pragmatic logic behind stock investing.[/quote]


Thanks. Maybe it won't be all Greek to me anymore.
 
[quote name='GuilewasNK']Thanks. Maybe it won't be all Greek to me anymore.[/quote]

I'm surprised you're only seeing this now. :hot: I've just about reposted it in every investing thread that crops up.:bouncy:
 
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