It has. I'm worried she'll think she can pick stocks on emotion/feel now, though. On the other hand, if you walk in a place and think the concept has potential then having access to invest in it is a great thing.
ProgN said:Last day of the month. It looked like a lot of window dressing.Brian Earl Spilner said:
That was an odd close.
No, you didn't let anyone down. Besides, no one ever went broke by cashing in gains. Pigs get fed, hogs get slaughtered. Buck up, Buckaroo, cause I can keep the platitudes coming for days.ProgN said:
I feel horrible that POWL and SMCI went parabolic and I sold much lower, but still made a good profit. Those stocks are anomalies. Be honest, who here ever even knew about those two stocks before I posted them? I know Chef Elko did, but he was a lurker at the time, so he didn't. I wish he would've been the first when it was $30.
This isn't a pity party, but I do feel like I've let some in here down because they sold when I said I was and they see both launch into orbit with their vapor trails flashing two huge middle fingers. They will both comeback to reality when the market rolls over because of their small float. When that happens, everyone should feel confident to re-enter them in size. I know I will because when they pullback and I reload a huge position, then I'll ride again. Those two are life changing opportunities when they correct.
ProgN said:RightWingConspirator said:
Yup, I made a huge mistake dumping my shares of POWL at $120. I now realize that buy and hold investors should not take advice from trading investors.
Hope that does not come across negatively…they just have different motivations. This one kills me.
You're making an assumption that buy and hold outperforms actively managing your account with 2 stocks that have been unicorns during a period of irrational exuberance. This weekend, look at several 5-10 year charts on stocks and see where you'd be. Then look at those same charts and buy/sell when the charts told you to. Go 25/75 method. That's 25% above the bottom and and 25% from the top because you'll never pick either perfectly, play in the middle. Also, realize that the number of shares on your re-buy will be higher because you rolled the profits for the next wave. That method of compounding grows your account exponentially.
Please include ROKU on 12/26/18 at $30, the day I bought it with the first purchase in my son's account. I sold it at $200, then it went to $400 and now it's at $63 in 5 years with no splits or dividends. I'd have doubled his money but since that sell. Over the last 2 weeks he's bought 100 shares of PANW at $275 and 100 shrs of SNOW today at $184. I haven't added any funds except a refund from the IRS of $1,800 so please don't discourage people for driving to learn how to do the same for their families because of 2 unicorns. I've proven it is definitely possible over many years.
No you didn't. You can't think that way. How many times have you held something too long and it get crushed? Do you even remember 2022?RightWingConspirator said:
Yup, I made a huge mistake dumping my shares of POWL at $120. I now realize that buy and hold investors should not take advice from trading investors.
Hope that does not come across negatively…they just have different motivations. This one kills me.
Heineken-Ashi said:How many times have you held something too long and it get crushed?RightWingConspirator said:
Yup, I made a huge mistake dumping my shares of POWL at $120. I now realize that buy and hold investors should not take advice from trading investors.
Hope that does not come across negatively…they just have different motivations. This one kills me.
Quote:
so please don't discourage people for driving to learn how to do the same for their families because of 2 unicorns.
RightWingConspirator said:
Hope it didn't come across as judgement. We all make our own decisions, but I let myself get influenced by perhaps folks that have a differing philosophy. Nothing wrong with differing motivations, but one must stay true to their own philosophy.
So let's talk about this. Let's first zoom out.Heineken-Ashi said:
SNOW - this is ugly action off the earnings low. I wanted more of a V. Maybe I'm zooming in too much, but 5 min candles paint an ugly picture.
Let's see what tomorrow brings. I am NOT in yet. And if it takes off, I will miss the best entry and I'm ok with that given the potential targets. But this is very muted, choppy action with sellers stepping in too much for me to gamble on yet.
If it does fail and drop farther, I think the next buying opp comes between $150 and $160.
BREAKING: New York Community Bank stock, $NYCB, crashes 20%+ after reporting "material weakness in internal controls."
— The Kobeissi Letter (@KobeissiLetter) February 29, 2024
The weakness is reportedly related to loan review resulting from ineffective oversight and risk assessment.
NYCB is the same bank that acquired the collapse… pic.twitter.com/1PeFefoUfO
They are not alone. Been warning about this for a long time. Know who you are banking with.cgh1999 said:
NYCB- yikes.BREAKING: New York Community Bank stock, $NYCB, crashes 20%+ after reporting "material weakness in internal controls."
— The Kobeissi Letter (@KobeissiLetter) February 29, 2024
The weakness is reportedly related to loan review resulting from ineffective oversight and risk assessment.
NYCB is the same bank that acquired the collapse… pic.twitter.com/1PeFefoUfO
Charismatic Megafauna said:
NYCB puts for lotto friday?
cgh1999 said:
NYCB- yikes.
Look up their call report. Bonfire showed a year ago what to look for in these.krosch11 said:
I've heard an interestingly similar story with truist bank? Do quite a bit of financing for our healthcare JV and two of my bankers said they're inheriting a lot of those clients because they've been turned down left and right. These are solid cash flow positive low leverage entities
ravingfans said:agdaddy04 said:
Just sat through ITR economic speech at an industry event today. They're the ones that have been predicting the depression for 2030. In one instance he says never go cash. But then said around 2030 to go into Canadian Bonds and then go back into equities around 2036. Any of you guys ever sit through one of their talks?
So we have 6 more years before "The Big One"??
Call reports are almost perfect for this banking crisis. Why almost? Because there are three things to look for, in particular, in this particular banking crisis:Heineken-Ashi said:Look up their call report. Bonfire showed a year ago what to look for in these.krosch11 said:
I've heard an interestingly similar story with truist bank? Do quite a bit of financing for our healthcare JV and two of my bankers said they're inheriting a lot of those clients because they've been turned down left and right. These are solid cash flow positive low leverage entities
While not SVB levels, it's not good.
View or download data for individual institutions - FFIEC Central Data Repository's Public Data Distribution
SW AG80 said:
One thing I have learned at a much older age than I should have, do not hold on too long and watch a win go all the way to zero. I have done that more than once.
On Powell, I took my gains (thanks Prog) and moved on. There will be another day, with more $$ in my pocket, to score a big win.
I have made a good bit of money because of advice I gained from reading this board. I have said this before, if I could find the person who recommended LVS in April 2009, I would buy them a steak dinner.
Brewmaster said:
REE with offering