Talking stocks, trading, and investing in general - Page 210

I am in BAC for the long haul, since I don't think they will be priced well until they've raised their dividend to normal levels and either payed out on or avoided their largest litigation risks.

However my cost is much lower than today's price.

What are you in at?

Not sure I need to disclose that for this discussion. Decent day out of the market today.

Going long government bonds/short the market seems to be the easy contrarian play.

That question is like asking someone how much they make.

Er, if he's asking what his cost basis is per share, that doesn't really tell you anything until you know how many shares he owns.

BB10 launches tomorrow.

It also doesn't really matter.

I mean...it might tell you a bit about his philosophy, but barring some tax advantages, a share is worth what it is priced at right now. If it goes up 5% tomorrow, then he just made 5% more.

His purchase price is a sunk cost and has no bearing on what the share is worth now or on whether or not it is a good investment for the future. I can only assume that since he still holds the shares, he thinks that they will be worth more in the future than they are now.

Not sure what you're getting at.. if we know how many shares of BAC he owns and his cost basis per share, we essentially know how big a portion of his portfolio is.. hence why people are hinting that it's distasteful to ask for such information.

He's agreeing with you.

Cost basis doesn't matter and really shouldn't affect your decisions on whether to buy or sell (or continue to hold) a stock. If it's going nowhere, cut it. If its all good, let it ride.

I understand that, but what I'm getting at is that asking how much someone's cost basis per share is isn't a tasteless exercise in deducing how big that person's position is because it doesn't tell you anything until you know how many shares he owns as well.

I'm referring to the below:

No.

Asking how many shares you own is to asking someone what they make.

I asked what the share price was, not how many shares. I wasn't fishing for how big a position SG had. Folks post their share price all the time, its pretty innocuous. I even posted it above, bought BAC at $5. AAPL at 232, WY at 26, bla bla. We're free not to share it, I'm always happy to, win or lose and don't mind admitting I'm curious.


I've always found this grand privacy around salary a bit comic. My closest friends and I share our salaries openly. I worked for an international company who had an open book policy and had every employee's salary posted on the intranet. It did nothing harmful. I didn't care mine was public, nobody else cared either. I knew what my boss made, my bosses boss, etc. If you work at certain levels in a corporation or non-profit your salary is public information anyway. Public sector jobs also report it at a G level. Athletes too.

Funny how men are more than willing to brag about pussy conquest. To me that seems more private.
Edited by idfnl - 1/29/13 at 10:12pm

i predict a sell off and I am exactly 50% sure of my prediction.

Yeah I agree with you. Hopefully you make enough to compensate for the losses you mentioned.

This is one stock I so could have bought when it was hot and so glad I did not.

____


I am really on this one:

http://www.google.com/finance?q=NYSE:DDD

I bought it back in April 2012 at 24, got spooked a few weeks later and sold it at 22. Within weeks it started a steady climb which took it all the way above 70 this month. Fuck, if I only had more guts to stick it out.

In brighter news. My C position which I have been eating shit on for years, buying pre reverse split at $2.50 has almost, and finally broken even. My history is to sell when I get my $ back, but should I ride it for a while?