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See, Matt? I told you.
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Often wrong, never in doubt.
PS -- I think I'm coming down with something. Did you notice all those investment related postings on BB? Definitely something wrong with me.
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Often wrong, never in doubt.
Don't tempt him -- he'll try to establish an unbeatable record.
And if there's a record of ANY kind going around, we know who'll be competing for it.
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Often wrong, never in doubt.
On the contrary, a sell is critical to investment success. At some point either I or my heirs are going to wind up selling every stock.
But more important, knowing when to sell is, IMO, much more of a challenge than knowing when to buy. When to buy is relatively easy. When to sell is not.
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Often wrong, never in doubt.
What statistics do you want?
Yahoo has daily close back forever. Don't know whether they have high, low, and volume -- never checked.
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Often wrong, never in doubt.
I am 52 and am at the same weight I was at when I graduated from high school in
1969.
Hmmm. So you were a real fattie in high school, eh? <bg>
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Life is not the arriving, but the journey.
LOL! I save, and I'm not in debt. So I get two out of two, too.
Let's not talk about that weight thing, though. <g>
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Life is not the arriving, but the journey.
If my mental capacity should ever be so weak that external activities will lessen
stress, I would start to question my own ego. I have my own mental processes for
dealing with stress.
You will either learn, or you will die young.
Your choice.
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Life is not the arriving, but the journey.
That's true. But let's not forget, too, that there are still retired people who want to live off their income, but are still in the mindset that you don't dip into your capital, but try to get your capital to grow to offset inflation, while still getting some income to live. So they don't feel comfortable selling their stocks for income. For them, dividend paying stocks (and preferred stocks) are often better than bonds.
But you didn't mention my mention of Microsoft. Let's get specific: they are now sitting on something like 38 billion dollars in cash and short term investments. That's up from about 23 billion in June, 2000. Their capital expenditures have never run more than about $1 billion a year. What on earth are they going to do productively with $38 billion in cash, when they're throwing off another $10 billion or so a year in new cash? Don't they have some obligation to the company's owners either to articulate a legitimate business need for this cash, or to distribute it to the shareholders so THEY can make some business use of it?
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Life is not the arriving, but the journey.
The dividend discussion is an interesting one. For young companies, I agree they need to keep their money to finance growth. But for maturing companies, one hopes that they're spinning off enough cash that they may not want to try to find productive ways to invest it all either in expanding their core business or in buying new businesses. Some businesses have natural limits to growth, and trying to overcome those can be destructive. So in some cases, IMO it's better for the companies to return some of the shareholders' money to them (after all, the company's cash belongs to the shareholders), then the shareholders can decide whether they want to put that money to use buying more of the company's stock, buying some other stock, or buying a new sofa. But it gives the shareholders some voice in how their money is best used for their benefit.
Microsoft, for example, is sitting on a huge cash hoard, and they haven't articulated any clear vision for how to put that cash to work increasing shareholder value. There may well be shareholders who have better uses for that money, who can make more from it than the interest Microsoft gets from it. For myself, for example, I have several stocks in view that would yield much better returns for me than the, what, probably 3 -4% that Microsoft is earning for me as a shareholder on my share of their cash hoard?
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Life is not the arriving, but the journey.
I'm just being stupid now, someone please stop me.
Calling Matt, calling Matt.
Please comply with this request and suspend JM for, oh, a decade or so.
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Life is not the arriving, but the journey.
Nah. That wasn't Bob, it was a hacker who hacked into his username for that post.
Plausible deniability.
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Life is not the arriving, but the journey.
Stocks with double digit dividend yields, IMO, generally have some fairly serious questions about stability, ability to continue the dividend (e.g. Ford), etc. Also, if they're paying out that much, are they really able to retain enough earnings to finance future growth? I am usually more interested in stocks that have a dividend yield of around 2-4%, personally.
Reminds me of the Dogs of the Dow theory, which worked like a champ for awhile, but seems no longer to work. Too many people chasing one theory, maybe.
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Life is not the arriving, but the journey.
That, of course, is the key question.
Not easy to answer briefly, but in general I sell:
a. when the activities of a company change to the extent that its history is no longer a viable guide to its possible futures. This happens rarely, but does happen. A prime example: I sold WPI (for a modest profit, but not as much as I expected when I bought it) when it announced a shift from being a generic manufacurer into the proprietary market
b. when the fundamentals change. I look at such things as a drop off in qtr-over-qtr and ttm growth rates in sales, profits, and eps; deterioration in profit margin or ROE; decrease in cash flow per share; deterioration of inventory measures, debt-to-equity ratio, and other similar fundamental measures.
c. most often I sell when the stock price has reached a level where I no longer see adequate future growth potential. When I buy a stock, I have in mind a target price at which to consider selling. As I recalculate my analysis each quarter, that target price will often move. But when the stock moves out of my hold range into my sell range, I sell part or all of my holdings, depending on circumstances.
d. I will also sell when I have idenfitied a sufficiently superior investment that I can invest the net proceeds of switching the stock, after deducting for tax and commissions, in a way that my anticipated return of the new stock will exceed the anticipated return of the replaced stock within 18 months to, at most, two years. It's basically following the Foster Freiss philosophy of "pigs in a trough."
I do find the sell decision much more challenging than the buy decision. And also more important, in the long run, to investment success.
Can we get a good discussion of that going here?
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Life is not the arriving, but the journey.
To me long term is anything longer then a week.
LOL!
To me, short term is anything under a year.
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Life is not the arriving, but the journey.
All mine
says is TAKE PROFITS!
I read the other day of an interview with a successful investor. He was asked what his secret was. His response: "I always sold too soon."
Or, as I sometimes tell my club: "Nobody ever went broke taking a profit."
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Life is not the arriving, but the journey.
Oh dear.
I've tried to stop venting at you.
But now you tell me that's dangerous, and I should just let loose my ventings about you.
It's so confusing when I try so hard to follow your advice and then you give totally conflicting advice.
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Life is not the arriving, but the journey.
always buy the hard toilet
paper
Yep. A proven hard ass.
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Life is not the arriving, but the journey.
Tea happens to be very good for you.
Drinking tea is a sign of intelligence and of care for one's health.
Both attributes we know Matt has in full.
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Life is not the arriving, but the journey.
I hope so. I've got a bunch of stocks I want but they're all too expensive. I need a good market crash to fill some orders.
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Life is not the arriving, but the journey.
I'm hoping this time since I'm dealing
with a different doctor, we'll actually come up with a way of reducing them.
If you do get anything on this, let me know. My K's doc said nobody really knew how to reduce or eliminate them. They do hydrate big time -- drink over a gallon of water a day. Each. Not something I could do, but I guess once you've had one, you'll do dang near anything not to go through it again.
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Life is not the arriving, but the journey.
That's an excellent point -- Anthony doesn't want his honesty today judged by his past mistakes, but he has no trouble judging Matt today by HIS past mistakes.
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Life is not the arriving, but the journey.
You're right, Bob.
But you have to wonder about somebody who has gotten into trouble so often. Settled nine counts of one indictment, for example, with a guilty plea to mail fraud. Arrested now for racketeering. Other issues And the guy is only, what, 32.
This is not your upstanding citizen.
Maybe people shouldn't say "dismiss what he says because he's a convicted felon."
But OTOH, anybody who pulls all the stuff he does has done his credibility a lot more damage than any of his enemies.
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Life is not the arriving, but the journey.
Actually, I'm more concerned with the charge that he bought information on the grand jury investigation. If that turns out to be true, it's the really serious shit. Attacks the fundamental principles of our system of justice.
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Life is not the arriving, but the journey.
I'm case, I'm not too heavy, I'm just too short.
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Life is not the arriving, but the journey.
Matt -- do you believe the Street?
http://www.thestreet.com/markets/taleofthetape/10023776.html
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Life is not the arriving, but the journey.
Here's a bit longer story on him:
http://www.thestreet.com/markets/taleofthetape/10023776.html
Bob, didn't you once say you admired the guy and thought he was honest?
Guess again.
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Life is not the arriving, but the journey.
My sympathies.
I worked for a while on the business side of a medical center, but saw a lot of patients come through. No question, kidney stones were the most painful thing we saw. In a way, though, the docs loved 'em because they were so easy to diagnose. Sudden excruciating pain in the lower side toward the back? Even I could diagnose it.
One of my kids had one. You will appreciate this story -- she got it on a Friday, went in to the college medical center, they didn't diagnose it. Woke up Saturday morning in agony, but had a standardized test to take that day (the MSAT, or Multiple Subjects Assessment for Teachers). Went and took the exam, then went straight to the hospital and that afternoon they operated.
Can you imagine sitting in a college exam room taking a standardized test that would determine whether or not you got into the School of Ed while suffering from a kidney stone?
i grow tough kids.
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Life is not the arriving, but the journey.
Kid knee flabby??
What's that??
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Life is not the arriving, but the journey.
Oops.
Looks like Anthony@Pacific might have gotten himself in a bit of hot water.
Anthony Elgindy -- a short-seller and founder of investment Web sites InsideTruth.com and
AnthonyPacific.com -- was indicted Wednesday for allegedly manipulating stocks by trading on confidential
information obtained from FBI databases.
The U.S. Attorney's office in Brooklyn indicted Elgindy on charges of racketeering, insider trading,
manipulation, extortion conspiracy and obstruction of justice.
Four others, including a current and a former
FBI agent, were indicted as well.
The indictment alleges that Elgindy traded on
material non-public information obtained
through FBI sources about companies whose
stocks he was short or considering
short-selling.
According to the indictment, Elgindy used the
information in buying and selling decisions and
also allegedly disseminated it over the Internet
to short-sellers.
Allegedly, Elgindy's paid subscribers would get
the information first, so that they could position
themselves to profit if the market reacted to the
public release of the information.
Prosecutors also allege that Elgindy and others extorted cheap or free shares of stock from insiders of
publicly traded companies, in exchange for agreeing not to short or speak negatively about them.
Elgindy allegedly used confidential information to decide whether the companies were susceptible to
extortion, based on the premise that companies in peril would be disinclined to complain.
Separately, prosecutors charge that Elgindy used confidential information from the FBI to find out about a
grand jury investigation of him, which began in October 2001.
On Tuesday, Elgindy and the others indicted were arrested in various states. The charges could carry a
maximum of 20 years in prison. Elgindy's lawyer couldn't be reached for comment.
http://www.thestreet.com/markets/taleofthetape/10023776.html
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Life is not the arriving, but the journey.
Bye bye.
I'll miss you like I miss athletes foot.
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Life is not the arriving, but the journey.
Since you are a
teacher,What do you actually know about running a business?
Well, a wee bit, actually.
Educationally, I have a Masters degree in Industrial Administration (which is basically a more technically and statistically oriented degree than an MBA). Of course education doesn't necessarily count for much, but I do actually have experience as the VP Finance for a tech company that was eventually bought out for a nice price by an NYSE traded company. We built that from scratch to success, which may indicate some knowledge of running a business.
I also have experience as the CFO/CBO of another business doing 15 million in sales with about 50 employees (it was a service business, I was not only CFO but functioned as personnel manager) -- not huge, I recognize, but not a mom and pop operation, either.
So I do have wee bit of education and experience in those areas.
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Life is not the arriving, but the journey.
Tea drinkers are somewhat alike.
And your evidence for this would be? Keeping in mind that in England people at all levels drink tea, from the Queen right up to the common laborer. Similarly in Japan. I would be very interested in your evidence as to what the characteristics of tea drinkers are that differentiate them from non-tea drinkers. Please cite your sources.
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Life is not the arriving, but the journey.
I see. You're condemning the statistics without any knowledge of the type of studies, credibility of the researchers, etc.
If you research stocks that way, no wonder you're a loser in the market.
Research studies normalize for the very factors you are mentioning. Those are incorporated in the analysis.
Perhaps before you call the researchers incompetent and fraudulent, you ought to research the studies and the methodologies.
Oops, sorry. That's the responsible thing to do. So no reason we should expect you to do it.
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Life is not the arriving, but the journey.
Daddy Matt, Daddy Matt,
Joey is fighting on this board again, where he was told not to. Spank him hard!!
Plus, he's spamming his stock posts trying to get extra credit without doing the extra work.
http://www.investorshub.com/boards/read_msg.asp?message_id=360501
http://www.investorshub.com/boards/read_msg.asp?message_id=360505
Plus, do you really want someone posting on your boards whose investment philosophy is "It Takes a Thief"?
Well, at least we know how HE made whatever money he has.
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Life is not the arriving, but the journey.
If you don't post on these threads (this one and jail, particularly) you won't get insults back.
Just take these threads off your Favorites list and don't read them, at least until you've build up a healthy plus score of substantive posting.
End of problem.
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Life is not the arriving, but the journey.
Matt -- for the record, so I know if you ever put me on the count-the-stock-posts system, does any post on a stock thread, even a "what did you mean by that" count, or do they have to be posts with some content? I want to be prepared!
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Life is not the arriving, but the journey.
I know there are people who swear by TA.
OTOH, I also know there are people who swear by astrology, tea leaf reading, and ouija boards.
To each his or her own.
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Life is not the arriving, but the journey.
OOhhhhhhh.
Somebody's only been back one day and is itching for a fight!
Boys, when JM and I got into this, Matt suspended us until we agreed to take it to the jail or the parking lot where it belongs. I suggest you both learn from that experience.
Or else --
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Life is not the arriving, but the journey.
If it's brewed tea, probably. If it's the stuff from a jar, I have no idea, but would never touch the stuff.
If you use that, switch to brewed. Best way to brew iced tea -- you probably know this, but may not -- is "sun tea." Put your tea (ideally a blend blended specially for iced tea, but if not regular teabags are possible--if you use teabags,, Red Rose are the best general tea broadly available in teabag form and quite as good as many of the speciality teabags like Twinings) in a glass jar, put it in the sun (it can also be anywhere warm, but in the sun works a bit better), let it set for a few hours or all day or overnight. Strain the tea or, if you used teabags, take out the teabags, and it's ready.
Normally, letting black tea brew more than four minutes or so starts to bring out the bitterness, mostly the tannin. But with sun tea, for some reason you can let it steep for hours without getting bitter. Just gets a nice rich flavor. And you avoid the bother of boiling water, and then cooling down the tea so you don't need a ton of ice (which dilutes it) to to cool it.
Glass jars, not plastic. Gallon jugs are great, if you have the room for one in the refrigerator. You can rotate two jugs so one is brewing while the other is being drunk. Or, if you drink more than a gallon a day, which you probably shouldn't, four jugs!
The sugar, now, that's another matter. But I know Southerners like their iced tea really sweet. If you're going to do that, put the sugar in at the same time you put the tea, and do put it in the sun so it will have time to dissolve.
You probably know all this, being a big iced tea drinker, but others might not.
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Life is not the arriving, but the journey.