All things STOCKS

#151
#151
TennFan said:
Did anyone see the results of the market today?😱😮😬😝😥👎😲That's the worst this year! We probably lost a minimum of $500 (that's on the lenient side). We made about $1500 for July.
Click to expand...
Yep. I lost a bunch today, but it's legalized gambling, so it happens.
 
#152
#152
TennFan said:
Did anyone see the results of the market today?😱😮😬😝😥👎😲That's the worst this year! We probably lost a minimum of $500 (that's on the lenient side). We made about $1500 for July.
Click to expand...

NVIDIA is tanking after hours. I've been wanting to buy it for a while to keep it for a long time, but it's been pumped up and expensive for a long time.

Entire market probably continues to drop for a while. Finally some good companies are going on sale.
 
#153
#153
Chipotle almost hit $500 in May and is down to $322. It's still selling at about 70x. I wonder were it stops. I've been butchered many times grabbing at falling knifes.
 
#154
#154
This is a pretty interesting episode about low cost index funds

[youtube]https://www.youtube.com/watch?v=vnet3T-xkdg[/youtube]
 
#156
#156
Thunder Good-Oil said:
Chipotle almost hit $500 in May and is down to $322. It's still selling at about 70x. I wonder were it stops. I've been butchered many times grabbing at falling knifes.
Click to expand...

Most hedge funds can't even outperform the S&P 500 so why do you do what you do?
If you just invest every month in good times and bad you'll have an enormous amount of money after 30 or 40 years. It's just not worth the effort to try and beat the market when you can match it.
 
  • Like
Reactions: 2 people
#157
#157
Chicago Bridge and Iron was destroyed (-28%) today. I'd think that with the country's infrastructure falling apart they'd be a beneficiary from getting it back in shape.

American Axle is another on my watch list. IIRC they're highly dependant on GM's light truck sales.

Another investing cliché... bottoms are made on time, not on price. Of course that was conceived before trading algorithms took over the markets.
 
#158
#158
VolStrom said:
Most hedge funds can't even outperform the S&P 500 so why do you do what you do?
If you just invest every month in good times and bad you'll have an enormous amount of money after 30 or 40 years. It's just not worth the effort to try and beat the market when you can match it.
Click to expand...

Even if you invest every month, you still have to decide what to buy.

I'm a risk taker. If I was an investment advisor I'd suggest that risk averse clients take the dollar cost average approach to wealth accumulation (and also purchase long term disability insurance). I've hit home runs too. It's worth it to me to buy individual stocks.

Markets are a beautiful thing. They allow anybody to enter and exit just about any type of business in seconds at minimal cost. My sister has taken a different approach by growing a company from the ground up. But she has head aches with employees, lawsuits and lawyers, competitors, vendors, clients, etc.

You might be talking about actively managed funds rather than hedge funds. Actively managed funds don't outperform index funds in the long run. Many sure do in up years though.

Hedge funds are just one segment of participating in our capitalist system. I am interested in buying into some of the companies that run them and/or participate in the private equities business. Blackstone. Apollo. Carlyle. Fortress. KKR.

Buying good companies beats buying broad index funds and especially sector funds. Those baskets of stocks in funds include bad companies too.

Trading ST or LT or over intermediate time frames. Investing for capital appreciation. Investing for income. Using margin. Using the 4 options positions. They're all different approaches to participating in equity markets. I rarely touch commodities or currencies.
 
#160
#160
VolStrom said:
Most hedge funds can't even outperform the S&P 500 so why do you do what you do?
If you just invest every month in good times and bad you'll have an enormous amount of money after 30 or 40 years. It's just not worth the effort to try and beat the market when you can match it.
Click to expand...

Tony Robbins is big on this strat - just shovel $$ at the SP500.
 
#161
#161
SWIL said:
Tony Robbins is big on this strat - just shovel $$ at the SP500.
Click to expand...
I invested some moneyin VFINX, which is Vanguard's S&P 500 fund 11 months ago. It is up almost 16% in that time. Of course, it could go down that much just as easily.
 
#162
#162
I was thinking about buying some Biogen, any thoughts? Supposedly they have an Alzheimer's drug that is in trials that appears to be very promising. Sales forecast are $12B.
 
#163
#163
InVOLuntary said:
I was thinking about buying some Biogen, any thoughts? Supposedly they have an Alzheimer's drug that is in trials that appears to be very promising. Sales forecast are $12B.
Click to expand...
I have owned it, and still own Gilead and Amgen. The whole biotech sector has been in decline for awhile.

The only thing that I have heard is that Democrats on the House Committee for Oversight and Government Reform have sent letters to seven biotechs asking for explanation of the large price increase in MS drugs in the last few years. Biogen is one of the 7.

Having said that, analysts are mostly giving Biogen a buy, strong buy, or hold. Few suggest a sell, and the stock has been upgraded recently by Goldman Sachs and a couple others. It is 6% off its 52 week high, and 17% off its 52 week low. The stock has been dead in the water for a couple of years after a big drop before that. I bought it a couple of times, and lost a little bit, not much.
 
#166
#166
TennTradition said:
How much of a ride do you think you'll get out of DOW at this point?
Click to expand...

Dow is merging with DuPont and will be splitting into 3 companies. It's strongly correlated to the oil business which has been in a multi-year funk. The worst could be behind petro/chemicals. Exports should prop them all up.
 
#167
#167
Chipotle gave up 199 points since May, 496 down to 297. Now it's back in favor with analysts and is up almost 5% in a couple of days. Just under 310.
 
#168
#168
Thunder Good-Oil said:
Dow is merging with DuPont and will be splitting into 3 companies. It's strongly correlated to the oil business which has been in a multi-year funk. The worst could be behind petro/chemicals. Exports should prop them all up.
Click to expand...

Exports are tough in low oil environment - mainly need really cheap ethane to make it happen which means cheap gas. For now cheap gas looks to be available but if oil prices slide more that will impact associated gas production. Also watch gas exports pressuring domestic gas.
 
#171
#171
TennTradition said:
Exports are tough in low oil environment - mainly need really cheap ethane to make it happen which means cheap gas. For now cheap gas looks to be available but if oil prices slide more that will impact associated gas production. Also watch gas exports pressuring domestic gas.
Click to expand...

I haven't really read up on the petro/chemical industry lately. Without new refineries and with the pipelines flowing at capacity, it's hard to call how Dow/DuPont is affected. Also, I don't know how much if their capacity is overseas.

With oil pegged around 45-50 and them being the big dog in chemicals, there shouldn't be too much other than general economic risk to Dow/Dupont. They're also important strategically and probably too big to fail if that's a thing outside of financial institutions.
 
Last edited:
#172
#172
InVOLuntary said:
I was thinking about buying some Biogen, any thoughts? Supposedly they have an Alzheimer's drug that is in trials that appears to be very promising. Sales forecast are $12B.
Click to expand...

Biogen is a solid company but don't buy based on their Alz drug. It is very high risk and the data to support its efficacy isn't very strong in my opinion.
 
#173
#173
There's got to be a **** load of pickup trucks destroyed by hurricane Harvey in Texas. I might pick up a few shares of American Axle (AXL). It's down by about 1/3rd since spring. The trailing p/e is still a positive number, but their projected earnings must be a bad story seeing that it's below 5x.

Debt load is the bugaboo.
 
Last edited:
#174
#174
InVOLuntary said:
I was thinking about buying some Biogen, any thoughts? Supposedly they have an Alzheimer's drug that is in trials that appears to be very promising. Sales forecast are $12B.
Click to expand...
Don't listen to us. Biogen is up 10% in the last 5 days since you asked.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top