Money Investing megathread extravaganza - Page 150

**DaFace** · 06:35 PM

A place to talk about investing stuff.

Hammock Parties · 08-14-2018, 06:35 PM

2018: Lost my job, my girlfriend and my ass in the stock market.

Pretty sure Mahomes is going to suck this year now.

**Rain Man** · 08-14-2018, 06:57 PM

Quote:

Originally Posted by Hammock Parties

I set a limit order for 41.50.

It was around that this morning.

Quote:

Originally Posted by Hammock Parties

2018: Lost my job, my girlfriend and my ass in the stock market.

Pretty sure Mahomes is going to suck this year now.

So to summarize, you bought where the arrow is in the picture.

I'd laugh, but I've done exactly the same thing a few times.

Hammock Parties · 08-14-2018, 07:02 PM

I bought it at 41.52, thinking I had picked it up on a reasonable downswing after it fell from the high of 46.23.

So at least I didn't lose as much of my ass as I could have.

From what I just read though, the long-term outlook is still very strong and the drop is just china's market being shit right now.

Either way this is probably the last foreign stock I buy. They're way too volatile.

Discuss Thrower · 08-14-2018, 07:02 PM

Lever up and buy more, pussy.

Hammock Parties · 08-14-2018, 07:08 PM

could be worse

interesting talk on reddit...people saying it's going to hit $60 in November

Discuss Thrower · 08-14-2018, 07:15 PM

Quote:

Originally Posted by Hammock Parties

could be worse

interesting talk on reddit...people saying it's going to hit $60 in November

WSB?

**Rain Man** · 08-14-2018, 07:18 PM

Quote:

Originally Posted by Hammock Parties

I bought it at 41.52, thinking I had picked it up on a reasonable downswing after it fell from the high of 46.23.

So at least I didn't lose as much of my ass as I could have.

From what I just read though, the long-term outlook is still very strong and the drop is just china's market being shit right now.

Either way this is probably the last foreign stock I buy. They're way too volatile.

I don't have a problem with foreign stocks in general, but I do avoid stocks in controlled economies. I'm hardly an expert at it, but I feel like there aren't enough controls to be sure that stuff is being reported accurately and that there aren't insiders manipulating the process. I've stayed completely out of China and have no plans to buy anything there. I don't know if that's a problem here, and obviously a lot of people have made money in China, but I just don't trust their system at this point.

If it makes you feel better, I've lost 90+ percent on a stock before. JDSU haunts me. I think I first bought it around 120 and sold it at around 3 or some such thing. And it was not a small holding, either, because I kept buying as it went down.

https://en.wikipedia.org/wiki/JDSU#Stock

During the 1990s, JDS Uniphase stock was a high-flyer tech stock investor favorite. Its stock price doubled three times and three stock splits of 2:1 occurred roughly every 90 days during the last half of 1999 through early 2000, making millionaires of many employees who were stock option holders, and further enabling JDS Uniphase to go on an acquisition and merger binge. After the telecom downturn, JDS Uniphase announced in late July 2001 the largest (up to then) write-down of goodwill. Employment soon dropped as part of the Global Realignment Program from nearly 29,000 to approximately 5,300, many of its factories and facilities were closed around the world, and the stock price dropped from $153 per share to less than $2 per share.

Hammock Parties · 08-14-2018, 07:19 PM

How did you research stocks in the 90s? Magazines?

**Rain Man** · 08-14-2018, 07:27 PM

Quote:

Originally Posted by Hammock Parties

How did you research stocks in the 90s? Magazines?

The funny thing is that I don't remember. I was investing in individual stocks as early as 1991, but I don't remember how I researched them. And I was very active and technical in researching them at that point.

**lewdog** · 08-14-2018, 07:48 PM

Quote:

Originally Posted by Hammock Parties

interesting talk on reddit...people saying it's going to hit $60 in November

Right......

BossChief from the Bitcoin thread says hello.

Pasta Little Brioni · 08-14-2018, 08:49 PM

Quote:

Originally Posted by lewdog

Right......

BossChief from the Bitcoin thread says hello.

to the....moon!

Hammock Parties · 08-14-2018, 09:13 PM

He's right though.

If you look at the subscriber base IQ has and the other companies they are absorbing, there is simply too much positive momentum there for this to last long.

As soon as the chinese market turns and their positive momentum keeps trending, there will be another spike.

And that's when I'm going to sell it as fast as possible.

**Buehler445** · 08-15-2018, 05:40 AM

Quote:

Originally Posted by Rain Man

The funny thing is that I don't remember. I was investing in individual stocks as early as 1991, but I don't remember how I researched them. And I was very active and technical in researching them at that point.

WSJ established themselves as the market leader in this arena.

However, SEC filings were largely the same then. You just had to get them.

ChiliConCarnage · 08-15-2018, 06:39 AM

rut roh, tencent missed the top and bottom

Quote:

Net profit of 17.9 billion yuan versus 19.6 billion yuan expected, representing a 2 percent year-on-year decline and a 23 percent fall from the previous quarter. It's the first decline since the third quarter of 2005.

Commence firebombing of anything that sounds possibly chinese

Hog's Gone Fishin · 08-15-2018, 07:22 AM

Quote:

Originally Posted by ChiliConCarnage

rut roh, tencent missed the top and bottom

Commence firebombing of anything that sounds possibly chinese

Every China stock is tanking. I'm waiting to pounce. There's gonna be opportunity for some HUGE returns in a short period of time.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $2116899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
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08-14-2018, 06:35 PM	#2236
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $4800478	2018: Lost my job, my girlfriend and my ass in the stock market. Pretty sure Mahomes is going to suck this year now.
Posts: 277,454

08-14-2018, 07:02 PM	#2238
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $4800478	I bought it at 41.52, thinking I had picked it up on a reasonable downswing after it fell from the high of 46.23. So at least I didn't lose as much of my ass as I could have. From what I just read though, the long-term outlook is still very strong and the drop is just china's market being shit right now. Either way this is probably the last foreign stock I buy. They're way too volatile.
Posts: 277,454

08-14-2018, 07:02 PM	#2239
Discuss Thrower "You like to drink?" Join Date: Jun 2006 Location: "I like to drink." Casino cash: $3316869	Lever up and buy more, pussy. __________________ Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South
Posts: 42,667

08-14-2018, 07:08 PM	#2240
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $4800478	could be worse interesting talk on reddit...people saying it's going to hit $60 in November
Posts: 277,454

08-14-2018, 07:19 PM	#2243
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $4800478	How did you research stocks in the 90s? Magazines?
Posts: 277,454

08-14-2018, 09:13 PM	#2247
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $4800478	He's right though. If you look at the subscriber base IQ has and the other companies they are absorbing, there is simply too much positive momentum there for this to last long. As soon as the chinese market turns and their positive momentum keeps trending, there will be another spike. And that's when I'm going to sell it as fast as possible.
Posts: 277,454