Mr first picks... SNE PBR HPQ

[gncgcizh53]

Hi guys,


So… I am thinking more concrete about my first trades and have shortlisted some stocks. I try to analyze it and explain to you why I like to buy these shares and also where I see risks.

I would like to ask you about your opinion and if you think the reasoning is good enough. Thanks in advance.

[goldieya2]

You wanna swing these? And if so, for about how long? I only ask because the time frame is important as to what you'll look for when you pick a stock.

[GoranArek]

Yes, swing was my idea. I think that HPQ would be even possible to trade longer.

SNE I wanna hold until $34/35, I am a bit afraid of the resistance at $36, with a stop loss of $28.

PBR Hold until $10, same argument as above I see the resistance at around $11, stop loss at $7.

HPQ as said above I am unsure if wanna swing or long trade it. I currently dont see any reason that the stock would drop below $31 and there is a lot of room above with no clear resistance.

Btw, these are my views with very limited knowledge. Please correct me if I am wrong!

[GosyaBary]

HPQ might be an interesting play as it is beat down and on a bounce...but the volatility is not that great.
SNE looks like a short to me....it basically tracks the S/P most of the time and is at a 4 year high....makes me wonder if it's not just tracking the China stock market the way it's been gapping up.
PBR is just an oil play only with much more corruption. I'd rather play USO and avoid all that.

When looking at fundamentals one might consider that everyone is watching the same movie and everything they know might already be figured into the price.

[GRANTLONG]

I cant tell you whether they are good or bad, and everybody has limited knowledge in one aspect or another, but I do think I can help you get on the right track a little. I don't keep up with any of these tickers and everyone will probably have a different way to look at this, but here's mine.

PBR, is an oil play. Look at any other oil related security and they'll all have a similar chart pattern. If you wanna make an oil play, I haven't really dug too deep on PBR, but I guess it's probably about as good as anything else for the short term. Longer, I'd just grab an ETF.

[Greg]

Guys, I am relly impressed. It helps to talk about these things, see other views or also discover weaknesses in the own argumentation.

I agree with your both comments that PBR is a bit of a gamble... I think I will leave that one for now.

For HPQ I wanna wait how the pre-market trades are going and then lets see. @HungryWallet (http://onlinetradersforum.com/members/26693/) the question why it should go up is of course a valid one. If you would be looking for such an argument, would you look on positive news releases or how would you approach that?