Talking stocks, trading, and investing in general - Page 196

there is no such thing as value in publicly traded stocks.

Looking good

and 90% of statistics that are pulled out of assholes just happen to be true, right?

In aggregate, investors are the market, so of course 100% of investors under-perform the market on average. At least, the dollar wtd. avg. of their returns net of fees always under-performs the gross returns of the entire stock market.

But that doesn't have anything to do with whether it is possible to outperform with active management, much less suggest that no public security is ever undervalued.

so you are referring to fees being the leakage on market gains to participants, therefore the aggregate of participants' gains will be less than the gross market gain? Well no fucken shit. What a moot point.

exactly.

After Apple releases their Q1 earnings, I'm done with them.

Next big thing: RIMM.

Yup. Get it while it's cheap!

I have been saying this the entire year. If they don't deliver I'm going to be pissed.

Apparently today black friday includes the buying of stocks as well.

rimm up 13% today

fuuuck im so pissed most of my capital is tied up in aapl.

i might have to sell of a chunk of my aapl shares just so i can buy rimm.. or maybe ill buy on margin..

Yes, RIMM is cheap in price, but value? I don't think so. Until the new BB10 software and handset actually come out, I'm not going to bet any money on them. Just look at the Playbook fiasco, it was a total shit job. Maybe BB10 won't be like that with Thorsten at the helm, but it's all speculation at this point.

This is an interesting read though.

http://www.forbes.com/sites/ericsavitz/2012/11/23/research-in-motion-spikes-rallied-17-thursday-in-toronto/

here are the key points:

1. their subscriber base has actually been growing incrementally. they now have 80 million subscribers (up 2 mil)
2. their bb10 platform has already been approved for high security government use (unprecedented for a mobile os to receive this BEFORE its release; it's literally the first one ever)
3. rim actually receives around $5 in fees per device from carriers
4. they're on track to have more than 100,000 apps by launch date (many of these local to the emerging markets that they're popular in)
5. bb 10's browser has passed the ringmark ring 1 benchmark. in fact, they scored a perfect 149/149 score on the test
6. bb 10's browser scores a high 480s score on the html5.com test, whereas iOS's safari scores 380 something
7. every single comment ive read from developers around bb 10 has been VERY positive. EVERY SINGLE COMMENT.
8. they have $2.3b in cash
9. they have ZERO debt
10. they're on track to save more than $1b by trimming fat
11. and finally, after all the shit and hell that RIM has gone through, the only people left at RIM are those who actually really care about the company and want to see it succeed. all the shitty employees got canned and all the ones who stopped believing left.

edit: and the best part is, bb 10 doesn't even have to be a massive success that blows everyone out of the water. as long as it gets some good reviews and isn't a total fail (like windows 8 and their shitface tablet), then they will sell some more blackberries and investors will react very positively to that. the expectations are so low and the potential reward is so, so high.

Zero debt is a warning sign to me. Often if a company does not take on debt it is because no one will lend to them at a reasonable rate.

Your approach to buying AAPL led you to disappointment, considering putting a negative spin on your analysis prior to buying the stock and if you still think it offers a good opportunity then consider it.

I thought he said he made money on AAPL and was disappointed to not have bought more.

You weren't talking about RIMM?