rookie investing

[slow06]

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...

Man when I look at some of the stocks I used to own and where they went after I sold them it can be frustrating. For me I decided that once I sell a stock I treat it like I never owned it. I'll look at the history for future decisions, but the last trade is gone. I'll never hit the highest high or the lowest low with any consistency, if I do it is luck. Ill take the gains I can get and try to appreciate them, take the losses and try to learn from them.

Speaking of earnings, right now im riding IR up on a nice little swing. I bought this for a long term hold but when its up 25% it's hard to not want to sell.

[slow99]

Damn, I wonder if any analyst members here had a Buy rating with an $11 price target on CALX coming into today?

[347Mike]

Man when I look at some of the stocks I used to own and where they went after I sold them it can be frustrating. For me I decided that once I sell a stock I treat it like I never owned it. I'll look at the history for future decisions, but the last trade is gone. I'll never hit the highest high or the lowest low with any consistency, if I do it is luck. Ill take the gains I can get and try to appreciate them, take the losses and try to learn from them.

Right now im riding IR up on a nice little swing. I bought this for a long term hold but when its up 25% it's hard to not want to sell.

I don't let the old ones bother me as much. This struck a nerve because I literally owned it a week or two ago and I had a stronge feeling this would happen but I just don't like being negative with so much market uncertainty. It is really easy to say, "yeah, the market is going to go up" but I hate to be the sucker who h olds on and some unforeseen event takes place and wipes out all my investment money.

Like I said, it is a lesson learned and I didn't lose any money on this deal so I can't really complain. Having the $10,000 I would've got from that though would be nice for my upcoming days off though!

[Broncojohnny]

Damn, I wonder if any analyst members here had a Buy rating with an $11 price target on CALX coming into today?

Probably not because if they did they would have PM'd me so I could make it rain in tha mutha fuckin club this weekend.

[Broncojohnny]

Man when I look at some of the stocks I used to own and where they went after I sold them it can be frustrating. For me I decided that once I sell a stock I treat it like I never owned it. I'll look at the history for future decisions, but the last trade is gone. I'll never hit the highest high or the lowest low with any consistency, if I do it is luck. Ill take the gains I can get and try to appreciate them, take the losses and try to learn from them.

Speaking of earnings, right now im riding IR up on a nice little swing. I bought this for a long term hold but when its up 25% it's hard to not want to sell.

Book on IR is about $25 and your price is about $30 I'm guessing. They are saying 2012 EPS is going to be $2.90 to $3.10. That is going to be a 10% return on equity for you, no way I would part with it. They grew EPS at 14% in 2011 in a down economy, anything to do with their residential businesses is sucking wind. When housing starts to come back their EPS is going to grow pretty nice, you'll be knocking down 15% returns in a few years. I'm in that thing at around $27.50 and I'm definitely not letting it go any time soon even if they do have a few more shitty quarters.

[347Mike]

Speaking of IR, I was at their Trane facility in Wisconsin this past week. Pretty neat place..

[Captain Crawfish]

dexo up 15% today who would have guessed. Don't buy it now take your cash and wait

[Captain Crawfish]

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.

this stock is a game changer. they will make money when the infrastructure is done.lots of orders already placed

[Broncojohnny]

this stock is a game changer. they will make money when the infrastructure is done.lots of orders already placed

Sounds like a solid validation of seven times book value to me.

[Captain Crawfish]

Sounds like a solid validation of seven times book value to me.

up another 5 bux a share almost! not bad for a POS! what is that over 10% in a week? try to do that with your bank....lol

[slow99]

up another 5 bux a share almost! not bad for a POS! what is that over 10% in a week? try to do that with your bank....lol

You didn't really just come in and take a victory lap without mentioning dexo did you? Lmao, i think you are bullet!

[Broncojohnny]

up another 5 bux a share almost! not bad for a POS! what is that over 10% in a week? try to do that with your bank....lol

Which turd is this you are talking about?

[Rreemo]

I don't do much aggressive buy/sell anymore, but I got into selling covered calls last year and it's been pretty good to me. Secret there tho, you have to pick stocks with some consistency behind them, and of course be comfortable with making a little bit at a time.

On the other hand...I've bought/sold about 10 cars over the past year and in the green on all of them. I made $800 profit on one last week and looks like a have another one about to sell for $1300 profit this week. It would have been a lot more stressful for me to try and make that $2100 in the same month on the market.

[slow99]

I don't do much aggressive buy/sell anymore, but I got into selling covered calls last year and it's been pretty good to me. Secret there tho, you have to pick stocks with some consistency behind them, and of course be comfortable with making a little bit at a time.

On the other hand...I've bought/sold about 10 cars over the past year and in the green on all of them. I made $800 profit on one last week and looks like a have another one about to sell for $1300 profit this week. It would have been a lot more stressful for me to try and make that $2100 in the same month on the market.

Correct, covered call writing most ideally serves for income enhancement in sideways markets. If you learn how to roll them out, you can do well in a bull market as well.

[Captain Crawfish]

Which turd is this you are talking about?

it doesnt matter see you at 60+