Recent content by taojaxx

Nope. Follow my advice up-thread, you'll exhaust your tax loss carry forward in a couple years. TLCF actually allows you to take profits on winning trades w/o tax consequences. Poor me is sitting on multiple $100k unrealized gains like a deer in the headlights because i don't want the tax...

Anybody who has the balls to come up on ET and says "I'm not a good trader and that's OK with me" is way ahead of the game. Take 75% of what's left, buy COST, AVGO, MSFT and never ever look at it. Use the 25% honing you skills on ES, NQ, CL, GC. Ruthlessly cut your losses. Let your winners run...

Looks to me this ought to be legit: You're adding liquidity by tightening the spread.

That's indeed their MO: buy dealership, restructure and bring scale to cut costs. Dealership industry is very fragmented, most of it small regional players. ABG's business is to scale up, absorb and increase profitability, rinse and repeat. Another player doing the exact same thing is LAD, worth...

Definitely solid. I'm familiar with their last acquisition (Koons), bought my truck there. Thanks for the suggestion but I don't do covered calls, I'd hate seeing it called away as it starts rising. If anything I'd rather sell puts and roll them over and over again till I get assigned.

That's correct. Indeed I would. I would advise a family member to take a good look at it and decide for themselves : 44+% 5Y average EPS growth, 20% 5Y annual CAGR and a PE of 6. Nothing to sneeze at so I decided against selling it. Patience needed. Can't recall whether it was Einstein, Mark...

No. What I'm saying is deciding to keep the stock is no different than buying it if I had none. I'll only buy more if and when it gets some momentum.

That's what I just did by deciding to keep it.

Reassess every quarter unless they hit my max loss limit (7% from cost) before. Right now it's down less than 2% from cost. Earning Growth average last 5 years is 44.5%, stellar.

ABG indeed. Keeping it. I can't sell a nice business with a PE of 6. Makes no sense. It'll wake up eventually.

Stock returned 20% CAGR over the last 5 years, has low correlation with the rest of my holdings, trades at an incredible 6 PE: checks all the boxes except: been going nowhere since I bought it a few weeks back. I'd hate selling a 6 PE stock with stellar track record but it's costing me margin...

I tried. Freaking Nikkei been stuck at 32,500 for weeks. Going nowhere since June. Better stuff elsewhere.

Vote for monkeys, get peanuts. Surprise surprise.

It's easy to make a small fortune in the market: Start with a big one.