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Let's talk about BABA (Alibaba) IPO. I am going to jump on it on the day it is open. Thoughts?
Holy **** ACTC (ACTCD for now) pop.
Wonder if I should sell...was planning on holding for much longer (already been a while), but this looks temporary.
Let's talk about BABA (Alibaba) IPO. I am going to jump on it on the day it is open. Thoughts?
My thoughts are that you have roughly a 50% chance, give or take a couple points, that your position ends in the green by the end of the day.
All this said, I may take a poke at the open to make a quick buck. I wouldn't want to hold it overnight. I'll wait for the floor, then take a small stake. Per the comment about Chinese companies, I think they are very, very shady and wouldn't be a long term investor.
Wow. Such sage advice. It's 50/50 everyone. Place your bets.
Idfnl, aren't you the guy who genuinely believes he can consistently beat the pros and market indices through individual stock picking?
You're also the guy who refuses to take a guaranteed (with your trading prowess, you'd be making MILLIONS in bonuses every year) massive income boost on Wall Street because you "don't want to trade with other peoples' money?"
Yeah, too bad GF couldn't give us some hard, predictive data like "it's got momentum"!
Idfnl, how do you do it? are you good at finding patterns or can you just feel the direction of the stock?
My point is: you're not as skilled a trader as you believe you are and I'm not saying that as a dig.
I don't understand the question.
You're the one making claims that I "beat the pros". And the proof is someones comment and then a lie about some ninja edit. LOL. For posterity, notice there is no edit stamp on the post, so you're lying:
The fact that I post my losers, my mistakes, and gaps in the way I trade negates everything you say. You're trying to anchor the idea that I post winners and hide losers to make me look better than I really am, when in fact I have journaled here a pretty accurate representation of my moves.
Lastly, it's called trash talking or just general excitement about a move that favors me. You mistake someone enjoying the process of trading with arrogance, and therefore you look like the one that can't empathize because you don't grasp what joking around and having some fun with the process is... and you call others low EQ? Sure then, I believe luck never plays a part, please show us an example of where I say that. Let me guess, it was a ninja edit.
By the way, I misjudged GTAT on the heels of the AAPL presentation, down big on a small position. I'm sure that makes you feel better. You keep calling those 50-50 trades though, dude.
The only thing I'm going to comment on is that there is no edit stamp because you edited your post within the 10 minute timeframe that allows these ninja edits. It only says a post was edited if you edit it after 10 minutes of posting.
Also, I'll dig up a post you had several months back where you claimed all the glory of a stock pop through your "skills baby!"
Idfnl, how do you do it? are you good at finding patterns or can you just feel the direction of the stock?