Hey Overnight..... why do you hate these companies so much? You slammed my service dog post in chit chat... which is cool, because I know you had no beef with the guy or his dog.... but what happened? You used to work at a big box retailer?
Home Depot
- Thread starter vanzandt
- Start date
I was actually going to ask you to post a graphic of the Bull Flag but I didn't want to bother you on your days off. Thnx.
We'll see. But take this to the bank.... HD is gonna be one of next years DOW dogs.
Lots of euphoria out there... I guess this time its different. Maybe the markets are establishing a new base.
HD's next ER is in February.... so if you're right, I'm f'd for now. Its only a few thousand dollars so no biggie. Tuition is well worth it.
I still say the bitch is going down.That being said... Feb is a long ways off.
These are just stock symbols with prices associated with them. You can not will the market to do what you think it should do. No matter how logical your reasoning is the market will do what it wants to do and none of us can change that. All we can do is identify which way that is and look for opportunities to buy or sell to ride those waves.
I have said it before and I will say it again...
"The market can remain irrational a lot longer than you can remain solvent"
Like you, vanzandt, I used to look at fundamentals and I read Benjamin Grahams book and learned to calculate cash flow, earnings and measure the "value" of a company as Buffet recommends. I found that shit didn't work for me. I am not saying it's useless because obviously it works for Buffet and his Billions of Dollars says it does work. But for me I never had any success until I stopped caring about that crap. In fact, it's quite a relief not having to calculate that and think about what future cash flow projections would be and all the other shit that goes into fundamental analysis.
In my opinion, you get a personal BIAS when you do that type of analysis and you insist that you are RIGHT! No matter what the market is telling you, you want to KNOW that you are RIGHT!...so you wait it out. It like figuring out a puzzle. You spent so much time analyzing it you want to KNOW that you FIGURED IT OUT before the others because you are an intelligent person and for heavens sakes,....you were RIGHT! And now your $1000 "tuition" becomes $2000 or $3000 or more as the market tells you it does NOT give a shit what you think.
Take your marbles and go home and find another game. No sense in losing all your marbles in this trade.
My 0.02
Nahhhh .... your dead assed wrong there. If I thought I was always right, I would not be soliciting your input. You may be right about others... but your intuition on Zandy is wrong.
Very good points all around...Fundamental analysis was big at one time, but quant's have made a lot of that stuff irrelevant in today's markets (not to mention many accounting changes that obscure the real numbers).
My apologies for slamming you on the GOOGL trade, I was out of line.
Well in this particular case, seein as how you don't me, I'm gonna say yes. But trust me.... my ears are incredibly sensitive. I listen. Both music and text.If I am wrong then you must be RIGHT,...
Go ahead and buy something large from them, say, a 4-5 burner grill. Big, bulky, costs 1500 bux. You can't get it to light when you get it home. The problem for it could be simple, such as you didn't turn on the propane tank, the hose was clogged with a spider web or other debris. Maybe the gas hose was kinked or twisted. Perhaps the igniter button thing didn't have the batteries installed.
So you return it to the store and demand an exchange because you claim the original unit is defective. You get the new unit home and it's all fine. Ever wonder what happens to the old brand-new grill? You know what a compactor is? The grill gets tossed right into that ol' compactor, along with every other piece of trash that the stores throw out every day. A perfectly fine brand new grill gets tossed into the trash.
How and why? The manufacturer gives the store the full credit for the grill, but the manufacturer does not allow the store to resell the grill due to liability issues. So the store must toss the perfectly functional brand-new grill into the trash. After all, the store is also on the hook for the grill, because if they repaired it and tried to resell it after the manufacturer gave them full purchase-price credit, the store would be charged with double-dipping. It happens with practically every item they sell. 99.96% of all items returned to the store for an exchange are tossed into the trash, whether they work or not, due to the manufacturer store-reimbursement system. And stores go along with it just fine and dandy, because it is less labor cost for them over having to pay an employee to troubleshoot the issues on returned merchandise. You have NO IDEA the scale of this problem. I cannot BEGIN to tell you what I have seen go into that compactor.
Look at it this way...Ever try to shove a bathtub into a compactor? Yes, a fucking BATHTUB. How is a bathtub defective? It's NOT! But if a customer returns it? It is hot potato.
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No offense taken. I am a big boy and showed how that trade matured as much as possible. But I got out when it was clear to me the market didn't care what I thought. I can not always post in real time but that trade I did.
And how does this experience help you trade this symbol HD? It does not. Trade what you see.
I hear ya bro. Think about how much food Panera throws out a day. Of course they can't give it away... a homeless person might choke and the lawyers will swoop in.