Stocks ideas - what are you buying?

take look at DDD, HQH ( which pays 7.3% on a quarterly basis) a closed end fund trading at a 2% premium, ETY ( which pays (9.3% on a monthly basis) another closed end fund trading at 9% discount. I own all three.
jafun's Avatar
  • jafun
  • 01-15-2014, 08:26 AM
Thank you Soulpole... I am glad I listened to your recommendation on PTN
...a cautionary tale for amateur traders who aren't quite ready for prime time!

From the NYT's Dealbook:

January 15, 2014, 1:19 pm
A Case of Mistaken Identity Sends a Worthless Stock Soaring

By WILLIAM ALDEN Nestor Inc. is a defunct shell of a company that once sold automated traffic enforcement equipment to state and local governments. Based in Providence, R.I., the company went into receivership in 2009, and all of its assets have been sold.

Its shares, which are not listed on any exchange, have been dormant for years, worth less than a penny each.

But on Tuesday, the stock woke suddenly from its long slumber to begin trading at one penny, jumping to a high of 10 cents a share. After a volatile day of trading, it closed at 4 cents.

So, what happened? The price movement may be a case of mistaken identity stemming from an acquisition announced this week.

Google said on Monday it had agreed to buy Nest Labs, which makes Internet-connected devices like thermostats and smoke alarms, for $3.2 billion in cash. Nest Labs is a private company based in Palo Alto, Calif.

After the deal was announced, investors rushed to buy shares of Nestor, apparently confused by the company’s ticker symbol, NEST. The stock continued trading on Wednesday, settling at about 4 cents a share by midday.

This isn’t the first time that a big deal on Wall Street has reverberated in the shadowy world of penny stocks. In October, after Twitter filed to go public, shares of Tweeter Home Entertainment — a defunct home entertainment retailer whose stock had barely traded — surged as much as 685 percent before trading was halted.

At this point, Nestor Inc. is not much more than a hollowed-out carcass. After the company folded in 2009, lawyers oversaw the sale of its assets to American Traffic Solutions, a company in Arizona. But while the assets were sold, the entity itself was not — leaving behind an essentially worthless stock.

“I have gotten calls from shareholders periodically asking me: What are my shares worth?” said Stephen F. DelSesto, a lawyer at Shechtman Halperin Savage who managed Nestor’s business while it was in receivership. “I’ve told them, ‘They’re probably not worth the paper that they’re printed on.’”
Black Navy's Avatar
1000+ shares of SPY ETF, and microsoft OS is king. The new Nokia mobile phone and , tablets will be very good.
You guys do know you can get professional management for around 1%?
dallasfan's Avatar
I don't like to be pimped. I had my money "professional managed" for a couple of years and all they did was take my money and lose me money.


You guys do know you can get professional management for around 1%? Originally Posted by slowmover
I don't like to be pimped. I had my money "professional managed" for a couple of years and all they did was take my money and lose me money. Originally Posted by dallasfan
Well then you had a shitty manager. I guess I should have said a good manager, with a proven record, for 1%. We've all known someone who would just churn an acct for the commission.
pyramider's Avatar
[QUOTE=CompanionSofia;105483145 0]Have you guys heard that the first male birth control is being developed? I need to put some money on that!
Any company making 3D printers.
  • fryec
  • 01-18-2014, 07:01 PM
PM's for me. Physical only, even though I do hold some paper, mostly physical for me.