New To Board!!

[YaMar2001]

I would like to take a moment to introduce myself to the board - my name is Brent Labb. I am 22 years old and live in Northern California, but grew up in Connecticut (Go Red Sox) I am currently working on getting a business degree from Univ. of California Santa Cruz. I am quite new to investing, but am trying to get educated as quickly as possible. Seems like I picked a rough year to start as the market isn't looking great so far - but we shall see. I currently have a position with CMN, I have strong hopes for this company, and see it as a company that will flourish in the future. I am a little concerned over the volume dry out in the past few days, can anyone comment?? Thanks in advance

[spikefader]

I would like to take a moment to introduce myself to the board - my name is Brent Labb. I am 22 years old and live in Northern California, but grew up in Connecticut (Go Red Sox) I am currently working on getting a business degree from Univ. of California Santa Cruz. I am quite new to investing, but am trying to get educated as quickly as possible. Seems like I picked a rough year to start as the market isn't looking great so far - but we shall see. I currently have a position with CMN, I have strong hopes for this company, and see it as a company that will flourish in the future. I am a little concerned over the volume dry out in the past few days, can anyone comment?? Thanks in advance

Welcome Brent. There are plenty of smart and friendly peoples in here, so you should find it easy to pick up a few tricks of the trade

CMN is at resistance, and I'd be looking for some profit taking over the next week or so. A system long of mine for CMN opened mid Jan at 22.08 (in this thread) has a target of 25.39 but I'm wondering whether it'll make it now. Pretty bearish look about the chart to me today.

Anyway, all the best.

[abk33139]

Welcome, Brett! I envy you starting investing so young. If I'd only thought to do that.....

I love Santa Cruz! The boardwalk is a blast! Say hello to the Giant Dipper for me.

Alison

[bec1nj]

Welcome, Brent

Glad you are aboard and good wishes to you with investing and otherwise!
Dr. B (Bruce)

[New-born baby]

Welcome!

Brent,

Welcome. Everyone on this board is helpful and friendly and seeking the welfare of all the other investors. You'll learn lots here, and I am sure you will have much to contribute to us. Feel free to share your thoughts and questions.

Best to you always.

[Gatorman]

Brent:
Welcome. I think you will find the posts to be both informative and instructive. Points of view differ and explanations are given for different approaches. Courtesy prevails. Enjoy and participate!

[df21084]

Welcome. You're smart to start so young. I wish I did, but when I was 22, I always felt that I'd be able to save more later.

That's simply not true! So ... congratulations. You're on your way to prosperity.

And please contribute to the discussions here. We await your input.

[df21084]

Seems like I picked a rough year to start as the market isn't looking great so far - but we shall see.

You might want to check out this thread: http://www.mrmarketishuge.com/forum/...read.php?t=647

It's all about investing in Canadian Royalty Trusts. Depending on the investment, it seems like a great way to make a good dividend with some built-in safety. It's worth investigating, in my opinion.

Regards.

[df21084]

Oh yeah ... one more thing. DIVERSIFY!

Take a look at what happened to CME yesterday. If you're diversified, and you're invested in good quality stocks (like the kind $$$Mr. Market$$$ picks), then this becomes just a small bump in the road.

CME is an excellent stock, but if it's the only stock in your portfolio, it'll make you sick! So diversify as quickly as possible.

YMMV.

[MickyMouse]

They said it all and left nothing for me to say, other than WELCOME.

Micky.

[jiesen]

there's nothing wrong with starting in a bear market. If nothing else, it'll teach you the hard lessons sooner, and at a much cheaper price. I started in 2000, so just imagine how quickly I had to learn!

you sure picked the right place to start, though, so welcome aboard!

[IIC]

Welcome Aboard...Doug(IIC)

[billyjoe]

Brent,
Welcome. Feel free to ask any question, but ask IIC, he's got so much info. I don't see what keeps his head from exploding.
billyjoe

[YaMar2001]

Thanks for all the kind words guys!!! So generally if it hits it's target... I should be selling and taking my profit right?? It's gotten pretty close today... I might close the position for a small gain, but a gain none the less.

[YaMar2001]

I sold for a $1.4 gain per share (nothing huge but I will take it) I learned my first major lesson in the stock market on my very first trade. I researched a bunch of stocks about four weeks ago, found MIKR - and bought. I was now a stock investor!! Three days later I had taken a 30% gain, and I became greedy and tried to "wait it out" for more profits. In the end, I ended up making a small portion of what I could have made if I just knew when my time to get out was. I have another question, how come Ameritrade holds onto my money (it's not avail for trading) for a few days after I make a sale? It kind of makes it hard to get in and out of positions easily because I then have to wait three days to buy another stock.