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Man, i hate seeming like a trader rather than an investor, but it seems an investor would have to have the internal fortitude to ride LONG on solid companies & not be hit by these major bumps. Funny to see BMO raise target on POT to 200/ AGU to 95. It's amazing how these banks just dole out targets.
Capone...i'd hate to be on margin in this market...learned me lesson in margin yrs ago,,cash & oly cash accounts now...
As an aside,,,i want to say a little about the PMGs, if you've researched them you know the issues, but I'd point out rhodium to you as the platinum metal which has the most limited investment exposure thus truly provides the demand for the metal. Pal & Plat are being worked up & down due to the investment angle of the two..it's not that there is more or it is cheaper, simply put, they are going to be volatile due to this..rhodium will display pure non investment demand/price. I'm confident in PAL for many reasons, while it may be a longer wait, i still believe platinum & palladium have a far ways to go,,as seen by longer term charts.............
hang in there guys,,,those on margins,,,stop it,lol
Man, i hate seeming like a trader rather than an investor, but it seems an investor would have to have the internal fortitude to ride LONG on solid companies & not be hit by these major bumps. Funny to see BMO raise target on POT to 200/ AGU to 95. It's amazing how these banks just dole out targets.
Capone...i'd hate to be on margin in this market...learned me lesson in margin yrs ago,,cash & oly cash accounts now...
The chances of PAL & SWC turning into a triple digit stock is more likely to happen than my money making anything worth mentioning in a bank account. Now is the time to buy but calling a bottom is tough. There were some great picks and knowledge spread around here. Most likely the ones who got in early werent lucky they were prepared. Hopefully in 2011(or sooner) I'll be happy as a man who dropped 5k on Apple in 2003.
Man time fly.....tool up!!
I have a great deal of confidence in PAL/SWC as well. In the long haul i think the prices they trade at now could be small to where they could be. Metals are not going to go down, they will be volatile but will ontinue the assent. PAL/SWC stand to benefit. I'll carry my losses for now. AGs have been slaughtered today, POT chaving off 12.00. Mos -9. I decided to hop back in POT,,but already i'm down on it,,such a market,,,agree w/ the last poster - its there to play, but if you step in & u go red quick the play turns bad,,,ah well...no loss till you sell...
Any one have ANY stock thats been doing ok of late??? I can't seem to name one..
Popo, we have to go back to the recession basics........
Don't fall in love with the stock, fall in love with the % increase.
It's a recession and we keep forgetting the cycles.
The market has to tank for a couple of weeks for teh fed to cut interest rates again.
We forgot the lessons of January............
Take your profit and stand on the sidelines until the fed cuts the rate.
Why are we buying now? We are not near this artificial bottom.....
That Visa stock is gonna skyrocket when it finally start. Betta get in early while it's still in the 40's before it takes off!!Week of 3/17/2008 upcomings Ipo's
Company Name--- Symbol--- Price Range--- Shares--- Underwriter--- Trade Date
CardioNet----------- BEAT---- $22.00-$24.00--6.6 mil----Citi------------ 3/18/2008
Pogo Jet-------------POGO----$12.50-$16.50--7.0 mil-- WR Hambrecht--3/18/2008
Visa-------------------V--------$37.00-$42.00--406.0 mil--- J.P. Morgan--3/20/2008
ahhhhhhhhhhh shit here comes visa, you guys still think its a good buy or is it over price, i think PoPo said he felt it was? I'l going to get some of it ust in case I think the hype will move it quite a bit
News Flash: Academics Prove Buffett Talented Investor!
http://www.fool.com/investing/value...-academics-prove-buffett-talented-invest.aspx
Alex Dumortier, CFA
March 10, 2008
For years, finance academics scoffed at the notion of investment skill, preferring to adopt the efficient market hypothesis (EMH). According to EMH, stock picking is a waste of time because a security's price reflects all relevant information at any given moment. In this framework, consistently beating the market is an anomaly attributed to a string of luck that is bound to happen with enough participants.
A recent paper, however, undermines that theory. The authors used the quantitative tools of finance academics to show that Warren Buffett's investing record, perhaps the greatest "anomaly" of all (and a real thorn in the side of the theoreticians), can't be explained by luck or risk, but rather is the product of skill.
"I'd be a bum...
... on the street with a tin cup if the markets were always efficient," Warren Buffett told Fortune magazine in 1995. So while Buffett would agree that the market is mostly efficient, that still leaves him room to earn his keep.
He does this by taking action only when a great business becomes temporarily undervalued. "Mostly efficient" and "always efficient": the distinction makes all the difference in the world.
Hitting the 99.99th percentile
Buffett is the best-known practitioner of value investing, the strategy pioneered by his mentor Benjamin Graham, and his track record is a wonderful illustration of value investing's efficacy over time. Between 1976 and 2006, Berkshire Hathaway's stock portfolio beat the market 28 out of 31 years -- consistency that puts it in the 99.99th percentile. Yet it's the combination of consistency and his margin of outperformance -- 14.65 points per year over the S&P 500! -- that led the authors of the afore-linked study to conclude that neither risk nor luck can explain these extraordinary numbers.
Usefully, the paper also debunks the myth that value investing means systematically buying low price-to-earnings or low price-to-book value stocks. In analyzing Berkshire Hathaway's stock holdings, the authors found that they are best characterized as large-cap growth. The Berkshire portfolio contains companies with consistent growth profiles that span decades, such as Johnson & Johnson (NYSE: JNJ) and Coca-Cola (NYSE: KO).
To emulate Buffett, look for large companies with high returns on capital (an indication that they have a competitive advantage) and low debt at a reasonable price. The following stocks are part of the results of a screen I created along these criteria:
Return on Equity
Return on Capital
Market Capitalization (in billions)
Automatic Data Processing (NYSE: ADP)
20%
18%
$20.6
Baker Hughes (NYSE: BHI)
26%
21%
$20.7
Intel (Nasdaq: INTC)
18%
13%
$116.9
Nokia (NYSE: NOK)
54%
32%
$130.0
One of the stocks on this list -- Intel -- happens to be a current Motley Fool Inside Value recommendation. It lends weight to the screen, but the converse isn't true. After all, showing up on a screen would be no more than the first step in a long vetting process before a stock becomes a recommendation (I know, because I work on this newsletter).
It's simple, but it isn't easy
With stock market volatility near a multiyear high, this is a period in which some outstanding companies are going on sale. That doesn't happen very often, and investors who follow value investing principles can take advantage of these opportunities. The principles are:
* 1. Stocks are fractional ownership interests in businesses.
* 2. Businesses have a value.
* 3. The value of entrenched, predictable businesses can be estimated with reasonable confidence.
* 4. Purchasing a stock at a price that equates to buying the business at less than its value will produce superior returns.
I have adopted this approach because, of those I understand, it's the only one that I find practicable. Still, it requires a combination of knowledge, hard work, and hard thinking. It's no easy task putting these simple principles into practice. At Inside Value, that's what we do all day long.
If those principles make sense to you too, click here to join us free for 30 days. There's no obligation to purchase, and you can find out more about value investing and see our latest picks.
This article was first published Jan. 11, 2008. It has been updated.
Pal is up to 7.20. Gawd I hope it keeps climbing. I am now down to only 400$ in the hole.
Hey Pop
I think I'll stay. I was going to play on the swing today and i noticed a steady increase. My loss yesterday got me scared.
My cousin put 2500 into this TMA stock yesterday and he gained 130% OVERNIGHT. I never fall into stuff like this but he is a hardcore trader though.http://finance.google.com/finance?q=TMA&hl=en
My cousin put 2500 into this TMA stock yesterday and he gained 130% OVERNIGHT. I never fall into stuff like this but he is a hardcore trader though.http://finance.google.com/finance?q=TMA&hl=en
Nah, I don't have that kind of heart, he's a surgeon, so he's got deep pockets.
You mofo's have inspired me to do something I've been talking about doing for the past 8 years!
I opened a ShareBuilder account, and started it with $1,000 in the account.
I am looking forward to the Visa IPO next week, as well as a few other things here and there. (Yes, I know i am only starting with $1,000 in the account....give me some time to get use to it ... and comfortable!)
This needs to be a sticky topic! Let's keep the momentum going!