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Talking stocks, trading, and investing in general - Page 222

post #3316 of 6119
I rarely talk about individual buys, as I make no bones about the fact I'm mainly a passive investor, but I just made a nice buy of IWM (Russell 2k Index).
post #3317 of 6119

I was in an out of IWM for a few % a month or two ago.  I was in it at the 97 range so certainly I like it here for a bounce tomorrow but since getting engaged we have decided to go the more passive route.  

post #3318 of 6119
Good move Pio, I looked around for something to buy in the past couple months and see nothing but expensive stocks and bonds.

As a long term investor, I suffer through one of these events at least annually if not more. However I prefer it over cashing in, paying cap. gains and losing at least one dividend payment if not more. So I have to be prepared to exit a type of investment for a long period of time, in the last two months that has been bond funds due to the increased interest rate risk. Basically I look for a new horse when I sell an old one.

If I have cash available to me I usually take advantage of it. In fact when you look a list of odd events that have caused market downturns in the past 5 years or so, they are all individual and odd but not at all uncommon when they are just simply grouped into 'one-time events that cause downturns.'
post #3319 of 6119
Quote:
Originally Posted by Piobaire View Post

So fucking glad I fought my financial adviser back around Memorial Day. I had a nice cash position accumulated and he wanted me to buy. Instead I sold 45% of my holdings. Sell in May, go away. Might not be a good call every year but I thought it was this year and I'm smiling.

This has been the case for the last 5 years!!!!
post #3320 of 6119
Closed out TSLA up 1,980.17%. Feels good.
post #3321 of 6119
Well done!
post #3322 of 6119
Check out NES boys. Bought my first stake in it today. Its a rock bottom with good potential upside.


Made a nice trade on MDSO. Bought it 2 weeks ago and 67 and it just hit 80. This will be the idiot moment I don't sell and it will be at 67 again next week. You watch.
post #3323 of 6119

What are the reasons to buy NES?  I guess you could hope for a little bump to $3 for a gamble but they are just heading downhill form a historical perspective.  And with Egypt, take the gains you can get or at least put it a stop somewhere to keep some gain.  I don't understand why people don't use stops or sell a portion of their gain and let the rest ride with a stop at break even.

post #3324 of 6119
Quote:
Originally Posted by jbarwick View Post

What are the reasons to buy NES?  I guess you could hope for a little bump to $3 for a gamble but they are just heading downhill form a historical perspective.  And with Egypt, take the gains you can get or at least put it a stop somewhere to keep some gain.  I don't understand why people don't use stops or sell a portion of their gain and let the rest ride with a stop at break even.

Its beaten to hell, I'm counting on other states adopting Illinois cleanup laws which would be a boon for the stock. In addition, at this level its a buyout candidate.
post #3325 of 6119
Anyone see Linn Energy getting beat to shit due to an SEC inquiry relating to the accounting of the derivatives book and nonGAAP measures. Linn is taking down the whole MLP E&P sector.
post #3326 of 6119
Quote:
Originally Posted by jbarwick View Post

And with Egypt, take the gains you can get or at least put it a stop somewhere to keep some gain.  I don't understand why people don't use stops or sell a portion of their gain and let the rest ride with a stop at break even.
Maybe because they anticipate bigger gains down the road and/or don't want the tax hit of selling now if there is a dip to their stop? What's relevant is the current value of your investment on a given day and what you expect over whatever your chosen timeline is, not whether it was worth more less when you bought it. Putting in a stop just you can say you exited the position with a gain may preserve internet bragging rights may be psychologically rewarding but isn't necessarily an effective investment strategy.
post #3327 of 6119

I see these points but if you are hoping for law adoption to boost the stock then it is more of a gamble in my eyes.  But you are in Virginia so maybe you have some influence? @Lawyerdad people are scared of paying taxes for some reason but it means you gained money.  Maybe not in the most tax efficient manner but walking out with a 12.6% gain after 35% STCG is not a bad thing.  From the sound of his post it was like he was scared of the stock returning to 67 which means he should either sell and take his quick 2 week gain or let it ride and kick himself if it never returns.

 

I will note that after an investment soured and I lost 70% of its value over night so my risk has been skewed because of this going forward.  It takes risk to make money and it has been an internal battle of taking on more risk versus the safe route so it is tough sometimes to let investments ride for too long.  My passive investments have been on the up for the past few years but my personal fun account hasn't seen the same gains.

post #3328 of 6119
http://www.reuters.com/article/2013/07/08/thomsonreuters-consumerdata-idUSL1N0FE04S20130708

Wow. Someone actually changed something about the rigged market.
post #3329 of 6119
Quote:
Originally Posted by jbarwick View Post

 My passive investments have been on the up for the past few years but my personal fun account hasn't seen the same gains.
It's always a good idea to get a notion of your strengths and weaknesses. 2 years is too short to know for sure, but perhaps you're better at thinking strategically than acting tactically.
post #3330 of 6119

Does anyone else think US government bonds are starting to look attractive at this price?

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