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Bigun:
--- Quote from: AbaraXas on July 28, 2016, 03:55:45 pm ---You must be riding patterns. I used to do that a lot on penny stocks and made a nice sum. I've changed my approach now and go for unnecessarily beat down stocks and ride their loss out of the storm.
--- End quote ---
Yep!
I ALWAYS look for value in the markets. In the past I have bought stocks that were selling at a price below the net assets value of the company.
bolobaby:
--- Quote from: AbaraXas on July 28, 2016, 03:55:45 pm ---You must be riding patterns. I used to do that a lot on penny stocks and made a nice sum. I've changed my approach now and go for unnecessarily beat down stocks and ride their loss out of the storm.
--- End quote ---
I like stocks that have taken an unnecessary beat down, especially when they have zero debt and huge sums of capital. At that point, every dollar they make goes into an already substantial war chest.
Speaking of stocks taking the beat down, I'm now giving serious look to getting into Ford (F) due to today's price action. The biggest thing that gives me pause is the fact that they want to expand fleet sales, which may help revenue, but will play havoc with margins.
If it dropped anywhere near 11.75 today, I'd buy in a heartbeat for a quick 10%. I don't think it is going to get there, so I have to think carefully if I want in at $12.50. I think I do.
EDIT: I'll hold off. Let's see if it goes to 11.75 over the next week. GM has better underlying numbers, so if I was going to pull the trigger today, it would probably be better with GM since they are experiencing a sympathetic hit of 4%.
bolobaby:
For the record, I did pull the trigger on GM, but only at half my normal buy amount. Nonetheless, it posted a 0.79% gain for the day from where I bought it.
Sigh - if only I could make 0.79% gain every day on all my stocks. That would be something like a 700% gain for a trading year.
bolobaby:
OK - last time I'll post portfolio activity here unless some folks chime in that they are interested. (Mighty quiet. Was hoping for some good dialogue on investments. :0001:)
Nonetheless, I did put a half-sized stake down on Stratasys (SSYS) today. Why? Well, I was thinking about buying more DDD to cost average down my losses there, based on the belief that it will go up a bit from here. Instead, I looked over SSYS and think they have the more attractive growth prospects, cash reserve, and path to profitability.
So, I'm cost-averaging the sector, I hope. :-)
In at 20.97/share.
I have a feeling one of these two companies will get bought in the next 12-18 months.
ABX:
--- Quote from: Bigun on July 28, 2016, 03:59:53 pm ---Yep!
I ALWAYS look for value in the markets. In the past I have bought stocks that were selling at a price below the net assets value of the company.
--- End quote ---
Right now I'm sitting on AAPL, BCS, & IHRT as some that have been beaten down unnecessarily. AAPL is up about 6% since I bought, BCS 17%, IHRT 21%, and that's just the past month or so. Not a whole lot of gain compared to when I was riding penny stocks but I am choosing some with less downside risk. I was buying and pattern playing a lot with BMIX and AGCZ, I could get 200% moves in one day easily, and play that 3-4 times per month, but then they started dying down on activity. I noticed that penny stocks really don't get the volume they used to. I'm not too aggressive. If I sat on it all day, I could probably not work, but I make enough that I can dump back into retirement and not worry about the downside risk too much.
My best move ever wasn't my biggest percent move but just good timing, but I bought a LOT of Ford when all the automakers crashed and it went to around .90- but they said they wouldn't take a bailout. I cashed out at about $6 and paid for most of my house.
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