Robert Kiyosaki is even less credible than Jim Cramer.

Most of his fame and book sales have come from Amway/Quixtar. He's one of their boys.

9/19/2006 12:54:19 PM

that guy thats always on late night on like cnbc said verigy is a good long term stock to buy

9/19/2006 4:51:36 PM

Kiyosaki is more into real estate investing, from what I've gathered.

I read Rich Dad, Poor Dad. Most of it is good big picture advice, although it has very little useful information in terms of how to actually do anything. It's more for the average Joe who needs to cultivate an investor's mindset before he actually does anything. It puts into very simple terms the ideas of opportunity costs and creating wealth from compound interest, and the attitude that smart, well-managed risk is not only not bad, but necessary if you ever want to get ahead. the biggest theme of the book is that you don't get rich by making a lot of money--you get rich by having your money make a lot of money for you, and it really doesn't take that much of base income to do it.



_____________________________________________________________________

I made pretty solid gains today. Think my next purchase will be a mid-cap index ETF next time the markets dip.

Also, just sold my supercharged S2000. hopefully going to pick up a 330ci this weekend. should have about $1800 left from the Honda after I pay off my jet ski (10% interest; put it on my credit card for a couple of months while waiting to sell my car) and buy the BMW. trying to decide whether to put that into an index fund (S&P 500 or more likely, mid-cap of some sort), finance less money for the BMW (lowering my payments), or making a big principle-only payment on the BMW (quicker payoff). car loan is at 6.24%.

[Edited on September 20, 2006 at 5:46 PM. Reason : financing less would be logistically a little tougher, b/c i'd be buying the car w/ two bank checks]

9/20/2006 5:37:56 PM

Quote :

"Kiyosaki is more into real estate investing selling books to idiots"

9/20/2006 8:28:54 PM

haha, yeah some of that too

9/20/2006 8:46:17 PM

Quote :

"In the test preview online via the wolfware website, one of the answers is incorrect. The correct answer should be natural monopoly, not natural oligopoly. "

9/21/2006 12:46:22 PM

yahoo buying facebook?

9/21/2006 12:47:58 PM

$1B seems like way too much.

This article says otherwise, but I think YHOO is too late to this party.

9/21/2006 12:54:56 PM

http://www.thewolfweb.com/message_topic.aspx?topic=434371&page=1#9337407

9/22/2006 1:24:42 AM

i bet microsoft buys facebook

9/22/2006 7:36:34 AM

what's a hot stock buy, right now?

9/23/2006 12:07:29 PM

Here's what I'm bullish on:

TRID: Flat panel TVs are the hot consumer item right now, and should stay that way in the near term (at least past the holiday season). TRID will reap huge profits from this. Disclosure -- I own TRID.

TIE: Most of the 2 year run from $2 to $25 today was due to the disconnect between titanium market prices and TIE stock price. That has balanced out. Most of the sizzle in the stock has run out. However, I see some sizzle on the horizon. First, an expansion of manufacturing facilities means that TIE will boost sales and earnings. But that's months away. Second, there are still contracts re-setting at higher market prices. But the company is in a dull phase.

Titanium is in an incredibly positive place. It has a much longer cycle than steel or copper which are tied 100% to the broader economy.
1. Airplane building is surging regardless of broader economic trends. China and India and Kuwait are buying fleets of planes. They need a few thousand planes. Even if only 30% of this demand materializes, that is more than current supply growth can meet. Upwards price pressure will continue.
2. Military demand is surging regardless of broader economic trends. The next generation fighter planes as well as almost all military hardware is increasing the amount of titanium components. And their budgets are immune to a slowing economy
3. Oil drilling. Offshore oil drilling and extraction needs titanium pipes because seawater corrodes steel. Chevron needs 4 miles of titanium pipes to extract oil from their recent discovery.

That longer cycle means that a recession will not decrease demand for titanium or weaken prices.

In summary it's a good one to own, but don't expect the ridiculous returns of the last year. Disclosure - I do not own a position in TIE

SNY - Acomplia is the next Viagra. It will help you lose weight, quit smoking, and lower your cholesterol, with less side effects than all of the leading drugs. Already approved in the EU, the FDA is still in the approval process. If this gets approved, we're looking at a $5B/year pill. Disclosure - I do not own a position in SNY.

STX Mid-August checks suggested that pricing had become aggressive for both desktop and mobile drives and that inventory levels had sharply increased, and over the past month -- especially in the last two weeks -- demand has outpaced the expectations that existed a month before. Also, I am counting on Vista to drive more hard drive buying. Meanwhile, STX's P/E is lower than historical average. Disclosure - I do not own a positin in STX.

9/23/2006 12:44:06 PM

How to Invest Successfully

A series of articles....

http://biz.yahoo.com/special/invest092506.html

9/25/2006 11:56:34 AM

Not a terribly good sign over at Yahoo.


(via valleywag.com)

Quote :

"Several Yahoos confided their frustration to me when the company sent an all-hands memo this week, forcing all employees to take the Christmas-to-New-Year week off, either unpaid or using their allotted vacation days...."

9/25/2006 2:21:30 PM

any guesses on how far CTSH will go?

it's near an all-time high right now, but looking back, it's pretty much been putting boot-to-ass at a steady rate for 5 years.

9/25/2006 8:46:08 PM

I'm on einvesting.com, a simulator that lets you do your paper-trading with fake money online so you don't have to do all the math yourself. Plus, there's a monthly contest that is worth $50 too, so it's a great place to learn before you put real money into the markets. If you decide to hit it up, my SN there is also NCSUPAGE.

9/25/2006 8:52:31 PM

bobby - i like your picks, but a few questions

why would you prefer tie over boeing? With that surge in airlines, Airbus slowly having their orders dumped for boeing, and oil prices ~$15 in the last bit - I think boeing is going to get the best of that market - agree?

also, SNY, that drug you mentioned sounds great if it is approved, but even if SNY grossed $5B in its first year from that drug, and the SNY market cap around $120B, we're only lookin at a ~4% stock price gain. You think that there are better opprotunities elsewhere for 'growing' pharmacutical companies?

9/25/2006 9:47:28 PM

Offshore oil exploration requires titanium tubes (steel corrodes). That’s how I found this company. But they are much more, and I am hugely impressed. This is a quintuple play: specialty metals, energy, healthcare, aerospace, military.

Specialty metals - I don’t like commodities at this point in the business cycle. Commodity steel is dropping in price. But niche metals and alloys are doing fine.
Specialty metals – as demand grows for more metals, remaining a specialty item helps to slow the commoditization and price drops.

Energy play - With oil likely to stay high in the long term, future planes in particular will use more titanium. Also, as oil extraction becomes tougher, pumping seawater into older wells is the premier methodology and this requires titanium equipment (steel corrodes in seawater). And much exploration in general is in the ocean as well.

Healthcare – More aging boomers require more titanium implants. This demand is slight in terms of volume, of course, but growing nevertheless.

Aerospace - The average plane requires 45+ tons of titanium today. Plane manufacturing is increasing to meet Chinese and Indian demand, and more titanium will be used.

Military – More weapons are being ordered. Titanium is a major component of these because it is lighter than and stronger than steel (tanks) and resistant to seawater corrosion (battleships, submarines). One submarine uses 240,000 tons of titanium. Bush recently announced an increase in defense spending for Big ticket items.
As a result, prices are up 31%~50% and plant utilization has gone from 72% to 80%+.

(Disclaimer - These are notes I took when researching TIE a few months back, I didn't feel like typing it all up again, so i just copy/pasted what I had)


As for SNY, you're looking at the numbers wrong, you can't predict stock price gain based on market cap and revenue increase. The two numbers are not directly correlated. Market cap is simply the stock price multiplied by the number of outstanding shares. stock increases are either tied to YoY earnings growth (typically in terms of EPS) or rumors of such.

From a revenue standpoint, SNY brought in 33b in 2005. A 5b increase would translate to a 15% increase... from ONE drug. Again, this is a story that's still unfolding, so the big question mark is if/when this will get approved.

9/26/2006 9:16:07 AM

And another note on TIE, up 5% today.

I really should take advantage of the momentum swings. It's pretty damn near predictable at this point.

up 5% one day

down 5% a couple days later

stagnant for a couple of days/weeks

up 5%

...

repeat

9/26/2006 10:42:15 AM

I had some ALL given to me a while back at ~$45/share, now it's up to $62. I'm considering selling...my only issue is that it's probably been in my family for a long time, thus I'd be eaten up with taxes.

Just to give you an idea--I believe when I sold some DIS a while back (which was also given to me) the tax basis for it was: $0.20/share and it was at $26.68 when I sold. I'm going to be paying taxes out the ass for that one when April comes around.

Thoughts on selling the ALL?

[Edited on September 27, 2006 at 2:39 PM. Reason : ]

9/27/2006 2:38:22 PM

Aren't all long term gains 15%? If so, shouldn't be too bad.

9/27/2006 2:40:28 PM

Depends.
If my tax basis for the DIS was $0.20/share and I sold at $26.68, then that means they're going to tax me (according to the number you provided) 15% of 26.48, yes?
That's almost $2,000 in tax from what I sold.

9/27/2006 2:47:27 PM

RHAT is having a bad day...down 23%.

9/27/2006 2:49:36 PM

you have got to be shitting me

http://www.marketwatch.com/news/story/story.aspx?guid=%7BE68BBBE3-11EB-4410-B7E5-052AD5C1464E%7D

9/27/2006 3:12:31 PM

Quote :

"Depends."

Well it's not like the number fluctuates like your tax bracket. Unless the gov changes it in the future it will be 15% and I'd assume if they did change it they wouldn't make it lower.

9/27/2006 3:53:30 PM

Actually, it does fluctuate with your tax bracket.

http://www.bankrate.com/msnre/itax/tips/20010305a.asp

9/27/2006 5:41:46 PM

My mistake. I assumed with a 5 figure amount in one stock your income would be at a point where you would be taxed the full 15% but since I see now that it was given to you that might not be the case. If not, I would cash it in before you move to a higher tax bracket.

9/27/2006 5:51:15 PM

Quote :

"RHAT is having a bad day...down 23%."

yeah, sucks bad. i was hoping it would get back up to the $30+ range so I could sell it and not have to fuck with it anymore.

9/27/2006 7:25:39 PM

time to buy rhat

9/27/2006 11:05:57 PM

woop woop

http://biz.yahoo.com/ap/060928/wall_street.html?.v=8

9/28/2006 9:56:58 AM

Housing slump woes could be Wall Street's gain
http://biz.yahoo.com/y/ii/9625/:/cnnm/060927/092606_housing_stocks.html?.v=4

While economists, investors and even Federal Reserve policymakers express concern that the slumping real estate market will hurt the economy, U.S. stocks may well be getting an unexpected lift from problems in the sector.

9/28/2006 11:53:50 AM

^ my gut's been telling me that would be the case (its a big gut mind you)

a lot of cash got taken off the table for stocks and got put into realty in the early part of the decade. some of that cash is cycling back into stocks now that the realty speculation era is over.

9/28/2006 12:08:21 PM

RIMM is having a nice day...

9/29/2006 12:43:33 PM

^ yeah they shot up like hell yesterday after hours when they announced their earnings. They were a little bit oversold due to the question mark of that patent infringement suit.

9/29/2006 12:44:57 PM

^yep

9/29/2006 1:23:26 PM

FTL just released an earnings report, sending its stock shooting to a RECORD HIGH.

9/29/2006 1:34:30 PM

bought ENG before the exchange opened this morning

it had a nice day

9/29/2006 4:26:28 PM

seems like everythings going up a bit too fast....kinda happy, in an odd sense, when we had a down day

9/29/2006 5:43:46 PM

i agree...i've been wondering when they'd go a little lower

9/29/2006 5:44:27 PM

everybody's a genius right now

there were none from May-September

9/29/2006 5:57:50 PM

I wonder if MSFT will rise any whenever Vista is officially released...

9/29/2006 6:24:57 PM

shit dawg, i'm a genius minute of the day

9/29/2006 6:25:40 PM

Behind the fall in gas prices: Goldman Sachs

Last month, Goldman Sachs foisted a big surprise on the commodity markets: It said it would reduce the weighting of gasoline futures in its Goldman Sachs Commodity Index, which is widely followed. The announcement led to some frenzied activity in the markets, as people started unwinding positions. Gas prices plunged. Of course, Goldman's move was not the only one that affected gas prices. Supply issues may have been more important, but it was a factor. No one is suggesting anything untoward was at play. It's just an interesting example of unintended consequences. I don't think Goldman was aiming to push prices down, it just wanted to reformulate an index..... but this entire situation does make the point about how much market speculation is behind the pricing level of gasoline.

http://www.nytimes.com/2006/09/30/business/30trading.html?_r=2&oref=slogin&oref=slogin

10/2/2006 12:42:04 PM

Bought 87 shares of STX @ 22.74

10/2/2006 2:41:14 PM

^^ good news

10/2/2006 3:43:29 PM

oil below 60, oil stocks getting killed

but its not impacting market because overall market is seeing a temporal selloff from last week and half

10/3/2006 10:00:43 AM

yeah, i got stopped out of a couple of positions today.

I'm going to sit on the cash for a bit and re-enter when i think things have bottomed out

10/3/2006 11:08:48 AM

I'll be watching this thread for you guys to let me know when you think it's bottomed out...

10/3/2006 11:16:05 AM

just don't hate me if i'm wrong.

10/3/2006 11:17:09 AM

haha, yeah...there should be a disclaimer on this whole thread

The Wolf Web (TWW) may contain "forward-looking" information including statements concerning the the future of the world, as well as other statements of beliefs, future plans and strategies or anticipated events of the stock market, and similar expressions concerning matters that are complete bullshit.

The forward-looking information and statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, the statements. TWW assumes no obligation to publicly update or revise these forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein do not materialize and you are fucked.

Refer to Wikipedia for further information on risks and uncertainties that could cause actual results to differ materially from forward-looking statements.

10/3/2006 11:36:43 AM