$21,000 GPN position

[M.W.]

Total nonsense. Buffet employs an entire risk management team and he regularly sheds positions that turn out to lose regardless of his earlier convictions. You need to check out the 13Ds and other shareholding changes to see that you are simply wrong.

Your line of reasoning makes zero sense. Treating unrealized pnl as if it did not exist is a surefire way to the poorhouse over the long term.

Nobody... Nobody..??. Really. Only except maybe one of the best investors of who ever walked the Earth, maybe you've heard of a guy called Warren Buffett.
https://www.yahoo.com/video/warren-...-a-mess-of-berkshires-earnings-142751564.html
“Our advice? Focus on operating earnings, paying little attention to gains or losses of any variety.”

 

[maxinger]

Long time lurker and fan of ET. Figured I'd hop in on all the fun and finally post.
Been accumulating a position in GPN recently. Looking to add more if I get the opportunity. I talk a little about it on my yt channel "M.T. Valencia Trading". Anyone else holding GPN?

We have to assume some investors are simply keen to lose tons of money.
They probably get the adrenaline rush out of it.
They derive pleasure from it.



It is an excellent idea to buy GPN
if you have absolutely no intention of earning money.

As of now, there is no indication GPN is on the uptrend.

Anyway, great job trading against the trend!

 

[wastelands]

I would suggest becoming more familiar with head and shoulders. Assuming you were right and these levels were a part of a head and shoulders pattern then the downside target of this chart would be -$20.

Not exactly. 0 will do just fine.

 

[M.T. Valencia]

he regularly sheds positions that turn out to lose regardless of his earlier convictions.

He won't shed because the price goes down, it will be because something materially has changed with the company.

Treating unrealized pnl as if it did not exist is a surefire way to the poorhouse over the long term.

I never said it doesn't exist.. It just doesn't matter. If you believe in the earnings prospects of a company a lower stock price is just an opportunity to buy more shares at an intrinsically discounted price.

 

[M.T. Valencia]

It is an excellent idea to buy GPN
if you have absolutely no intention of earning money.

GPN has only earned about 1.6B in free cash flow over the last twelve months. Which is about 6% of market cap and over 4% of the enterprise value.

 

[M.T. Valencia]

Not exactly. 0 will do just fine.

This technically is true.. I like how you think. But again, its not a head and shoulders pattern he is looking at.

 

[Sekiyo]

20,790 position.
The market speaks for itself.
That’s the only thing to listen to.
Let’s see in 1W, 1M or even 3 months.

 

[M.W.]

And the two are intrinsically related, in case you have not yey figured that out.

He won't shed because the price goes down, it will be because something materially has changed with the company.

 

[M.T. Valencia]

And the two are intrinsically related, in case you have not yey figured that out.

So you believe in the efficient market hypothesis? I personally do not. Maybe that's where the discrepancy lies.

 

[M.W.]

Of course are markets most of the time highly efficient. Seems to be news to you.

So you believe in the efficient market hypothesis? I personally do not. Maybe that's where the discrepancy lies.