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Talking stocks, trading, and investing in general - Page 622

post #9316 of 11190
He didn't just drive into a wall. I read somewhere that he also wasn't wearing his seatbelt and had plenty of time to veer out of the way. I hate to speculate but from what I read online, it sounds pretty deliberate that he committed suicide if those things are true.

Aubrey was a pioneer in the fracking space and helped bring about the cheap oil you currently get to enjoy today. In the O&G world, he'll be remembered for the good things. As a CEO of a large O&G company with all of his side deals, maybe not so much...
post #9317 of 11190
It's not a happy ending for sure. Not following his story closely but it does sound like a suicide.
post #9318 of 11190
Quote:
Originally Posted by GreenFrog View Post


How you doin' now?!

icon_gu_b_slayer[1].gif


I did really well with it. When it dipped below 4, I sold all of GPRO shares and dumped the money into FCX. My cost basis was approximately $5.25.

 

I sold everything at $8.00. That gave me enough profits to more than offset the GPRO losses, and net a good bit on top.

 

While I like the company very long term, I am concerned about a few major issues (their debt load, commodity prices, and the iffiness in Indonesia), but I'll likely buy back in if it drops a bit.

post #9319 of 11190
Quote:
Originally Posted by wsupjs View Post


I did really well with it. When it dipped below 4, I sold all of GPRO shares and dumped the money into FCX. My cost basis was approximately $5.25.

I sold everything at $8.00. That gave me enough profits to more than offset the GPRO losses, and net a good bit on top.

While I like the company very long term, I am concerned about a few major issues (their debt load, commodity prices, and the iffiness in Indonesia), but I'll likely buy back in if it drops a bit.

Nice! Happy for you. It's crazy how quickly the tides can turn. I remember feeling for you when you first made that post, thinking there was no way you could break even unless you held for a very long time. I think it was in the 3s back then.

I bought some at 7.70 a week or so ago and just sold my stake at 8.70 today in premarket trading. It was only 3% of my portfolio so not a huge gain, but a gain I'll take nonetheless.
post #9320 of 11190
Quote:
Originally Posted by Master-Classter View Post


And a third point, which is about the idea of dividends and buying and holding versus flipping a stock. I'm holding some REITS in my RRSP and while I've enjoyed collecting the dividends, all of them have preset sell orders on them and some have already triggered. I enjoy getting a 7-8% yield but it takes months to get those and if I can flip it at some point and get a clean 10-15% return just on the stock itself, I'm happy to sell the position and buy back in and downward when it's at a point i like. That might mean missing a dividend payment, or it goes higher after I sell, but I'm willing to lose the dividend and there's always something else beaten down to invest in... Thoughts?

If you can make 20% in a year it is a decent return and something I'd be happy with.

 

Some of my best profits came from my initial buys into TDW and CHK that I sold when they hit my target price. I have lost on the way back down, but would have lost far more.

 

Have started selling my BX stake I bought at $23 for $28. 

post #9321 of 11190

Man, 20% a year is only "decent"?  Setting the bar really high!

post #9322 of 11190
Quote:
Originally Posted by chogall View Post
 

Man, 20% a year is only "decent"?  Setting the bar really high!

 

I had a laugh at that too.  I looked at my projections with a 3.5% return after inflation and thought that was generous.

 

As for MC, good to see you are getting some returns after taking some beatings.  CHK popped again!

post #9323 of 11190
Quote:
Originally Posted by chogall View Post
 

Man, 20% a year is only "decent"?  Setting the bar really high!

Hah. Maybe that didn't come out well.

 

I mean for a single high risk/high return stock. You are giving up an 8% income stream. I sold off PBR after a 35%+ return, it's now up another 15%, so there can be something to said for holding a little bit longer. 

 

Currently selling off some of my gold. Will decide on my mREITs after I see the earnings come out. 


Edited by MSchapiro - 3/3/16 at 9:16am
post #9324 of 11190
Things as of recent trend are looking up and I've been recovering a lot of losses, so I'm happy about that.

With my REITS, I usually sit tight earning dividends but I'd trade a 7-8% yield for a temporary 15-20% pop and sell off the asset and buy it as it comes back down. I do the same will all of my holdings, I buy as it goes lower and then set that portion to sell at a good 10-15% above where I bought it. Means I'm selling off as it comes back up but at least I'm steadily taking money off the table with some profits and moving it elsewhere or putting it back into the same stock with an order to buy again if it drops down.

Example, SCTY, keeps jumping between 18-20 give or take, so even though my overall position is down, I add 5-10% to the position and keep buying at 18, selling at 19-20 and then reset it. If it goes way higher or lower, I'm not way out, but at least for that little portion I'm just pumping out a little profit every few days.
post #9325 of 11190
Whoa, quite a day...

SCTY up around 20% and trimmed off a few of those
GLF up 15-20% and trimmed off some, been a few very good days of rally
CHK up at one point about 35%+ which is huge, I mean it's still very low compared to historical but been making some huge gains of the past day or two. Sold off some and set a buy order if/when it comes back down.

LXP chugging along nicely and one of my sell orders went off to trim that one
STAG and HHC both also hit a sell order so trimmed some of those
CLDT seems to be stalling or coming back down so put in some buy orders if it drops further...


I'm just amazed at the overall turnaround on some of these stocks over the course of a month or two. I mean if you caught AMZN at 500 it's now 570, or TSLA at 145 it's now at 200, hell LNKD dropped hard but if you got in there close to 100 it's come back up to 120.

I'm not saying that playing roulette with all these big names is without risk, I mean it's scary at times for sure, but I've seen things go up and down 20-30% in both directions over simply a few weeks or month or two. So yeah I guess people want to be conservative and get 7-8% but with some risk and selection and playing around, I don't see why one can't get closer to 10-20% returns... Time will tell, and I'm feeling up right now but I won't forget the stress of the past 3-6 months when I was down 15-20% overall. I'm still down overall but getting close to breakeven on the year I think. Maybe at about 5% down overall I think?
post #9326 of 11190
Keep selling my winners too soon.
post #9327 of 11190
Quote:
Originally Posted by GreenFrog View Post

Keep selling my winners too soon.

I think that is common in a rally this strong. 

post #9328 of 11190

A quick question for calculating returns on a portfolio, including 401k.  Should I count the employer portion of contributions as a contribution or gain?  In my IRR calculation, I take into consideration starting balance, contributions, and ending balance.  I currently put the employer contributions in the contributions category which would lower my return % but if they are just in the ending balance, it would raise the calculated return.  For a reference, when I say we save 20% gross income, this would include what the employer adds to the portfolio.

 

Thoughts on this?  Included we are down 0.6% YTD, excluded we down 0.3% YTD.  As our portfolio grows this percentage will be negligible so maybe I shouldn't even worry about it currently.

post #9329 of 11190
In the same way as you count your own contributions as a contribution, not as a gain, I would think you should count their contributions the same way. Counting your own contributions as a 'gain' doesn't make sense becuase it would artificially bump up your ROI, so you separate it right? So theirs counts the same way. I mean you could count their contribution as a bonus gain, or a X% return on that portion of contribution if they matched you, meaning you put in $5K, they match 50% so they add $2500, I guess you could say you got a 50% return on $5000, but it's a bit of a trick really.
post #9330 of 11190
Quote:
Originally Posted by MSchapiro View Post

I think that is common in a rally this strong. 

Yep. Sold my FCX stake too soon it seems.

VRX looks destined to stay in the dumps. At least AAPL is plugging along nicely.
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