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Talking stocks, trading, and investing in general - Page 631

post #9451 of 11182
Quote:
Originally Posted by GreenFrog View Post

Tell us moar about dat other ventures!

I dunno, generally unassuming and I'll do anything engineering, biology, or physics related if it pops up. I'm a bit of a mutt - always have been. My closest friends put up with my idiosyncrasies and my complete disregard for money.
post #9452 of 11182
Quote:
Originally Posted by ramuman View Post

I dunno, generally unassuming and I'll do anything engineering, biology, or physics related if it pops up. I'm a bit of a mutt - always have been. My closest friends put up with my idiosyncrasies and my complete disregard for money.

I don't understand..
post #9453 of 11182
Quote:
Originally Posted by GreenFrog View Post

I don't understand..

I've mentioned that money is immaterial to me. I grew up building and selling shit - it stared off with my dad taking me to a place called Gateway Electronics in.St. Louis when I was 12 or so. Before then, I had 286 computer when I was 5. I had a neighborhood lawnmower repair place when I was 10.

When my dad passed away from cancer, I was working with one of my grad school committee members on sequencing his genome. I've always been a scrappy moron because I didn't know another way.
post #9454 of 11182
VRX: fool me once... You know how it goes.

I dun been fool'd twice now 😭😭😭
post #9455 of 11182
Quote:
Originally Posted by GreenFrog View Post

VRX: fool me once... You know how it goes.

I dun been fool'd twice now 😭😭😭

RE: VRX, they've not entirely escaped government scrutiny:
Quote:
Two lawmakers are mulling contempt proceedings against outgoing Valeant CEO J. Michael Pearson after he failed to provide a deposition on Friday as part of an investigation into drug pricing.
Senate Special Committee on Aging Chairwoman Susan Collins (R-Maine) and Ranking Member Claire McCaskill (D-Mo.) threatened the proceedings after Pearson failed to comply with a subpoena. For months, Valeant has received intense public scrutiny for allegedly buying old drugs with no generic competition and increasing the prices for profits.
In a short statement, Valeant’s board urged Pearson to cooperate with the committee before a scheduled April 27 hearing on drug pricing.
Pearson was on medical leave in February, thereby missing a House Oversight Committee hearing on drug pricing. During the hearing, interim CEO Howard Schiller admitted Valeant had made some mistakes, but he defended the company’s decision to hike the prices of Isuprel and Nitropress by 525 percent and 212 percent, respectively (DID, Feb. 5). — Anisa Jibrell
post #9456 of 11182
Quote:
Originally Posted by the shah View Post

RE: VRX, they've not entirely escaped government scrutiny:

Yeah they're still somewhat in the shitter.

That said the company issued a statement earlier this morning that Pearson would attend a hearing on the 18th or something.
post #9457 of 11182
I've been having a few good days with CHK.... 20%, then 35%, then 10%(?). It's only about 1-1.5% of my portfolio but every little bit counts.
GLF has been going nicely too.
Also trimmed off some NFLX at 110 today.
post #9458 of 11182
Can't wait till VRX pops 30 / 40 / 50 percent a day.

😊

If I will it enough, it will happen.

In b4 they issue a statement saying they will miss their stated 4/29 deadline for their 10-K and the stock drops 50%.

😭😭😭
post #9459 of 11182
question for you guys... what do you do with spare cash? I've recently been trimming/selling off a lot as mentioned and now have a fair amount of cash sitting around. Technically it's all been 'assigned' with various buy orders but i'd rather cancel these orders and just set up alerts and put the money to work doing something in the meantime. Should I buy some REITS, or Bond funds etc? I don't want anything risky per se, but at least something better than just cash sitting around doing nothing. What do you guys do?
post #9460 of 11182
Quote:
Originally Posted by Master-Classter View Post

question for you guys... what do you do with spare cash? I've recently been trimming/selling off a lot as mentioned and now have a fair amount of cash sitting around. Technically it's all been 'assigned' with various buy orders but i'd rather cancel these orders and just set up alerts and put the money to work doing something in the meantime. Should I buy some REITS, or Bond funds etc? I don't want anything risky per se, but at least something better than just cash sitting around doing nothing. What do you guys do?

Whether a particular investment is "better" than cash depends on how it does, of course.

That aside, if you really view this as cash you're trying to keep available for when entry points on stocks you're watching appear, my suggestion would be to keep in cash. If you start putting it into REITs or bonds because you're chasing yield, you're not only taking on the inherent investment risk, but also risking missing opportunities you're really interested because your "alternative cash" vehicle turns out to be less liquid than you thought (administrative hold ups, price dip just when you want the cash, whatever). If you've looked at an REIT or a bond fund and decided that it's a worthwhile investment or trading opportunity as part of your overall strategy, then great. But these things offer a yield for a reason -- it's compensation for the risk investors are taking on. They're not "just like" or "almost like" cash, and in my opinion it's a mistake to treat them as though they are.

As always, just my two cents cash money.
post #9461 of 11182
I'm about 45% cash right now and it's all purely cash. Sitting around doing nothing. I could put them in money market funds i guess but the yield is so low I just don't care.
post #9462 of 11182
That ATVI though....
post #9463 of 11182
Yup
post #9464 of 11182
Quote:
Originally Posted by GreenFrog View Post

I'm about 45% cash right now and it's all purely cash. Sitting around doing nothing. I could put them in money market funds i guess but the yield is so low I just don't care.

It's something though, right? Covers some expenses I'd think. Or hookers/strippers and blow for the presumable fun.
post #9465 of 11182
Quote:
Originally Posted by ramuman View Post

It's something though, right? Covers some expenses I'd think. Or hookers/strippers and blow for the presumable fun.

This is purely within my brokerage account. I have a separate checkings account that has 1 years worth of living expenses in cash as well.
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