rookie investing

[Broncojohnny]

perfect short opportunity then right? make sure you stock up on band aides because your gonna need em

Shorting is for fools too. Gee, let me gamble on when the stupid is going to run out. It could go on for years and already has with WPRT.

[Captain Crawfish]

Shorting is for fools too. Gee, let me gamble on when the stupid is going to run out. It could go on for years and already has with WPRT.

I will bring this thread back in a year or so and we shall see what the score is then. Happy trading dont lose your shorts!!!

[slow99]

genuflect to bullet

Shit .... genuflect to taylor. He's gonna own all your asses.

I went from construction and traveling all over the country to working for a local financial company 9-5. Was weird but definitely worth it... so far! Pay is pretty damned good, finally getting some really good checks and just got my first quarterly bonus so life is good. This is just an entry level position and am already making moves to be in a much higher paying position within 9 months. Also nice having full health insurance, dental and vision taken care of by the company, not to mention the 401k matching and profit sharing. Fringe benefits are fucking amazing also.

My advice would be do it.

Oh fuck, now I'm really gonna get pwn3d!

[Taylor]

Shit .... genuflect to taylor. He's gonna own all your asses.



Oh fuck, now I'm really gonna get pwn3d!

That was from a different thread, but thanks for bringing that in here where it has zero relevance.

Still have yet to see you make a valid point.

[slow99]

That was from a different thread, but thanks for bringing that in here where it has zero relevance.

Still have yet to see you make a valid point.

Should I wait and see if you're gonna edit this post again?

[Taylor]

Should I wait and see if you're gonna edit this post again?

What's your point man? What's your beef with me? Just gonna start saving my posts for posterity? If you have a man crush it's ok, just let it out bro.

[The King]

Katfight!!!

[Broncojohnny]

I will bring this thread back in a year or so and we shall see what the score is then. Happy trading dont lose your shorts!!!

I don't trade, I invest. Sometimes I speculate. But, how about five years from now? If WPRT is a great company that is going to turn a profit any day now, then a longer term shouldn't be a problem. I say it won't beat the S&P 500 over five years. Right now they are trading at 7 times their book value and their losses keep getting bigger every year despite record low natural gas prices.

[347Mike]

I made a silly mistake that has me quite angry this morning. I feel like I need to vent.

I sold a company a few weeks ago because it hasn't been doing to good with its earnings and the whole Europe debacle had the markets all over. The company as of a month or so ago was 55% under where it was a year ago. I knew deep down that it would start performing better over the next year but despite that I sold. It kept going down and up and down some more. I have a hard time seeing my money going into the red for more than a day and sold at an even point. The markets were to volatile for my own taste.

Well 2 weeks later it is up almost 40%, 25% of that being today alone... New CEO, new strategy, better earnings, blah blah blah fucking blah...

I guess that is the name of the game though...

[Broncojohnny]

I made a silly mistake that has me quite angry this morning. I feel like I need to vent.

I sold a company a few weeks ago because it hasn't been doing to good with its earnings and the whole Europe debacle had the markets all over. The company as of a month or so ago was 55% under where it was a year ago. I knew deep down that it would start performing better over the next year but despite that I sold. It kept going down and up and down some more. I have a hard time seeing my money going into the red for more than a day and sold at an even point. The markets were to volatile for my own taste.

Well 2 weeks later it is up almost 40%, 25% of that being today alone... New CEO, new strategy, better earnings, blah blah blah fucking blah...

I guess that is the name of the game though...

What company? You should have rode that thing out through earnings season. The bulls have run pretty hard for the last eight earnings periods. My speculative pick is CBG and people didn't like their guidance, I'm going to dump them tomorrow if we get an upswing.

[347Mike]

What company? You should have rode that thing out through earnings season. The bulls have run pretty hard for the last eight earnings periods. My speculative pick is CBG and people didn't like their guidance, I'm going to dump them tomorrow if we get an upswing.

It is the one I sent to you a long time ago in a private message. Earnings also played a role in my selling. If you look at the chart over the past year or two it drops around 15-20% around earnings season and I honestly though that it could very well happen again. What happened though, in my opinion, was they finally announced their new CEO (yesterday), and analysts or whoever set the bar really low on their earnings so when they released their actual earnings today they would beat it by a long shot, which they did.

Valuable lesson learned I suppose. I am just thankful it wasn't a loss lesson learned. I haven't had one of those in a long time! :crosses fingers:

[slow99]

Those fucking analysts!

[Broncojohnny]

Those fucking analysts!

Fuck those guys!

[347Mike]

Those fucking analysts!

I wasn't blaming the analysts. I have heard that this has been done in the past to get a company kick started in a sense. Maybe that is not the exact or scientific reason but I remember hearing something like that.

I understand shit happens, it is the stock market. If everyone knew it would be up 25% this morning then there would be a lot more rich people. I am a novice, felt uncomfortable being negative $2-3k within a day or two with everything going on, company uncertainty, Europe, etc, so I sold when I broke even. Was it the smart thing to do? Who really knows.

[Broncojohnny]

I wasn't blaming the analysts. I have heard that this has been done in the past to get a company kick started in a sense. Maybe that is not the exact or scientific reason but I remember hearing something like that.

I understand shit happens, it is the stock market. If everyone knew it would be up 25% this morning then there would be a lot more rich people. I am a novice, felt uncomfortable being negative $2-3k within a day or two with everything going on, company uncertainty, Europe, etc, so I sold when I broke even. Was it the smart thing to do? Who really knows.

At least you are brave enough to admit your mistakes on the internet, most people won't talk about the shit they fucked up on. It is all about the last good trade they made. Never about the losers. You learn more from the losers though. You start to pay attention when you take a shot to the old coinpurse.