My most recent winner

Quote from TM_Direct:

Mr. Market
It sound like you did your due dilli on LCi but here's my question:

Suppose you buy 1000 shares of it at 20.
You are targeting 23 and change so that's a 3000 profit in six weeks.....with imminent war and other dangerous world events possible, why should one take the RISK in this market of holding a position overnight? Let's say for example that they report tonight on CNN that there was a terrorist bomb on the columbia...you would be hurt big. Given the fact that this is a trading board for active traders, I would think most traders would rather go in and out for a few hundred bucks on a daily basis, knowing that it is in an upward trend as you say....wouldn't it behoove us to buy and sell a few times during the day and take NO overnight risk? 3000 / 6 weeks is only $500.00 per week....hardly seems worth the risk of 20,000 overnight in this political/economic and possibly war filled environment.

I commend you on your strategy. Like the song goes, you say tomay-toe and I say to-mah-toe...doesn't mean we both won't make money. I'll still answer your good question more specifically:

....2 reasons:

#1. I have a day job
#2. I am almost always right and, if the fish are biting, you use the same bait.

Thanks for your intelligent question and your well thought out post.
 
#1. I have a day job
#2. I am almost always right and, if the fish are biting, you use the same bait.

Thanks for your intelligent question and your well thought out post.
-----------------------------------------------------------------------------

So do I....that's why there's a new thing called stop and limit orders:D ....but on a serious note, risk reward ratio isn't really there either unless it hits your target......and worse is the fact that you could be in a meeting and POOF! there goes the $$ ( that happened to me)....If I was going to hold 6 weeks to get 3000.00.....Id buy a call...This way if im wrong, im out a grand or two...if im right. i make my 3000+....what is the advantage of buying the stock versus a 3 month call?
 
Quote from Dantheman:

you didn't say where you'll get out to cut your losses....


oh I forgot, you buy and hold. You're just a wannabe investor like 99% of the investor class. Sure you'll book the profit if it comes your way but you'll hold the loss indefinately...and if the worst comes to pass and your stock goes to .50 a share, what will you do then?

You have no worst case scenerio plan. No detailed exit strategy for if the stock does not do as you say. You are not huge, you are small. You have only the rottenest meats and cheeses. But your ego is the cheesiest thing about you.

wow..scathing, but all-too-true

and how many daytraders (myself included) don't get into a position **intraday** without setting limits and conditions for getting out?
 
True enough mrmarket is not a trader but investor. While I can appreciate the attitude, I have to say to someone so bright and always right, why dont you step up and trade for a living?? Ive traded for ten years and looking at this stock makes me wonder why now?? What makes this a buy now??

D:confused: :confused:
 
"At today's PE, that will drive the price up to $27.30"


I never heard of a PE bidding for a stock. How is it their revenues exploded this year by what looks like over 200%, but the earnings
expanded only linearly, it appears?
 
Quote from mrmarket:



....2 reasons:

#1. I have a day job
#2. I am almost always right and, if the fish are biting, you use the same bait.



So true, so true. By the way I love the metaphor. Or is that a simile? LOL I don't know I always get those two confused. Oh well anyway as I was saying it is foolish to change what is working so well, and has been for quite some time. (You don't mind, do you? Me calling you Ernie, I mean? If you do, I will stop.)

Great trading models don't come along every day, do they. You know I almost forgot .. you never answered my question. How did you discover your model? Did it come to you in a flash of insight? Or was it something much more methodical and analytic? I'd love to know, those things fascinate me.

Please let me know.


ALICE


ps please call me Alice. it is my real name.:)
 
Quote from mrmarket:

Date: Fri Jan 24, 2003 1:27 pm
Subject: LCI ==> The $$$MR. MARKET$$$ cold weather special


Drugs drugs drugs, God I love rugs

That explains a lot.

BTW Ernie, this came in for you - though I'd better forward it on, as it seems to be about as sensible as YOUR investment strategy...


STRICTLY CONFIDENTIAL
DR.ADO PETER
DIRECTOR, ACCOUNTS AND AUDIT,
NIGERIAN NATIONAL PETROLEUM CORPORATION (N.N.P.C)
TEL:234-1-776-0962
FAX;234-1-759-4725
EMAIL:adopeterus@ecplaza.net or adopeterus@rediffmail.com


ATTN:ERNIE BARSAMIAN

TRANSFER OF $28,600,000:00 (TWENTY-EIGHT MILLION SIX
HUNDRED THOUSAND U.S. DOLLARS) ONLY.

I got your contact from the Nigerian Chamber of
Commerce & Industry. Following this and other
investigations resulting in a good recommendation. We
have decided to contact you to help us with the legal
Transfer of US$28,600,000.00 (Twenty-Eight Million Six
hundred Thousand United States Dollars). The amount
stated above resulted from an over-invoiced contract
executed for the Nigerian National Petroleum
Corporation (N.N.P.C.) for which the contractors have
been fully paid. Because this money was part of the
overall contract sum amounting to close to
(US$100,000,000:00) that has been completed.

The said amount has remained dormant and floating in
our Apex Bank. Therefore, we will raise supplementary
documents to enable us transfer into an account that
is yet to be nominated. We need a foreign partner,
because as civil servants, the code of conduct does
not allow us to operate foreign bank accounts. Hence
we solicit for your assistance, we are requesting you
to provide us with the help for the safekeeping of
this money until our arrival in your country to
collect our share and decide on investment
possibilities of this money which you may advice,

For your assistance in this transaction, we have
unanimously agreed to offer you 25% of this money, 5%
will be used in settling any incidental expenses that
may arise after the fund must have been transferd to
your nominated bank account and the remaining amount
will be for us. To
enable the prompt transfer of this money, kindly send
to us your personal details, contact information &
bank details in full.

We look forward to hearing from you and thanking you
for your anticipated cooperation and consideration in
the above subject matter. Please be informed that we
would appreciate the handling of this transaction in a
confidential manner. We sincerely advise that you
contact us on the above Telephone and fax numbers to
maintain the confidentiality of the business. Sending
e-mail will be appreciated.

Yours sincerely,

DR.ADO PETER.
 
Quote from inmate451:

True enough mrmarket is not a trader but investor. While I can appreciate the attitude, I have to say to someone so bright and always right, why dont you step up and trade for a living?? Ive traded for ten years and looking at this stock makes me wonder why now?? What makes this a buy now??

D:confused: :confused:


I already have a day job which I enjoy, who said that trading was the nirvana for which everyone must seek?

Would you like for me to explain how my stock picking model works?
 
Quote from thetraderprofit:

"At today's PE, that will drive the price up to $27.30"


I never heard of a PE bidding for a stock. How is it their revenues exploded this year by what looks like over 200%, but the earnings
expanded only linearly, it appears?

Demand for the stock will drive the price up.
 
Quote from ALICE:




So true, so true. By the way I love the metaphor. Or is that a simile? LOL I don't know I always get those two confused. Oh well anyway as I was saying it is foolish to change what is working so well, and has been for quite some time. (You don't mind, do you? Me calling you Ernie, I mean? If you do, I will stop.)

Great trading models don't come along every day, do they. You know I almost forgot .. you never answered my question. How did you discover your model? Did it come to you in a flash of insight? Or was it something much more methodical and analytic? I'd love to know, those things fascinate me.

Please let me know.


ALICE


ps please call me Alice. it is my real name.:)

Alice,

I've tinkered with it ever since I was a grad student at Wharton. That's what grad students do, besides drinking beer and chasing women.
 
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