MUX just took another kick to the private parts today!!! Ouch!!! SUX to own MUX today! 
I won $33 off a $1 bet on Draftkings this weekend on the PGA golf tournament. Fun times.
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Down here is where a signature goes but they can confuse and anger some people so I don’t have one.
quote:That's a pretty good ROI, no doubt about that!
Originally posted by CaptFritzI won $33 off a $1 bet on Draftkings this weekend on the PGA golf tournament. Fun times.
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Down here is where a signature goes but they can confuse and anger some people so I don’t have one.
I lost $9 on Nascar though. (**() Denny Hamlin.
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Down here is where a signature goes but they can confuse and anger some people so I don’t have one.
quote:With those two investments, you still appear to have a healthy overall return in your portfolio though.
Originally posted by CaptFritzI lost $9 on Nascar though. (**() Denny Hamlin.
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Down here is where a signature goes but they can confuse and anger some people so I don’t have one.
I’ma keep dollar cost averaging mux on the way down.its on sale
So, what’s the word schools Out? Still buying low?
“Wailord”
1979 17’ Montauk
90 Johnson
Wilderness Ride 115
Good news is that there should be some “support” baked in around the $2.70-$2.80 mark.
Down again today ($2.97 right now)… Going to rub that $2.80 mark again that Skinnee projected on 3/2. I suggest to keep all hands, arms, and legs in the car until it comes to a complete stop. The captain has the fasten seat belt light on and we ask that you remain in your seats until we are at the gate.
Somehow I missed Skinnee letting us all know liftoff was this past Friday. Asleep at the controls?
“Wailord”
1979 17’ Montauk
90 Johnson
Wilderness Ride 115
quote:Dead cat bounce. Impossible to predict. Maybe short covering... Dunno...
Originally posted by GeronimoSomehow I missed Skinnee letting us all know liftoff was this past Friday. Asleep at the controls?
“Wailord”
1979 17’ Montauk
90 JohnsonWilderness Ride 115
I thought you called the dead cat bounce 2 weeks ago? This another one? I think the gold stocks are coming back up. I hope so, as I gambled and bought back in big time last week at the bottom. Fingers crossed. High stakes gambling is fun. Maybe I should just go to the casino and put it all on black. Nah, this is more exciting.
“Wailord”
1979 17’ Montauk
90 Johnson
Wilderness Ride 115
Ridin’ boys 
Have no fear, Skinnee…this game isn’t for you, but I’ve been down this road before. It’s a bumpy one, but it is paved with gold
Draftkings is a great way to gamble. I got some of my Nascar losses back yesterday. Did find out that the $33 I thought I won was actually just an entry into a $33 tournament coming up in Golf. My luck I won’t pick as near a good of team for that as I did to win the entry.
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Down here is where a signature goes but they can confuse and anger some people so I don’t have one.
quote:There are no limits to a "dead cat bounce". You can hope gold stocks "come back up" all you want, and they probably will, or maybe they won't... Just remember, the market cap on this company is 1 Billion dollars and they made 21M in earnings on 60M in revenue.
Originally posted by GeronimoI thought you called the dead cat bounce 2 weeks ago? This another one? I think the gold stocks are coming back up. I hope so, as I gambled and bought back in big time last week at the bottom. Fingers crossed. High stakes gambling is fun. Maybe I should just go to the casino and put it all on black. Nah, this is more exciting.
“Wailord”
1979 17’ Montauk
90 JohnsonWilderness Ride 115
If you had 1 BILLION to buy a company with, would you spend it on a company with 21M in earnings? If I do my math correctly, that’s a 2.1% return on your “investment”. That price tag is just too rich for my blood. Granted, their balance sheet says that they are sitting on 500M in assets, so subtracting that out of the purchase price, you are still looking at an investment of 500M for 21M in revenue bringing your massive ROI up to 4.2%. Thus, I think a “reasonable” price for this stock is closer to $2.
Again, I’m not saying you can’t “bet on black” a few times and make some money. I’m just saying that the company isn’t worth the stock price and that’s not the type of “risk” I personally want to dabble in…
However, I do love gold… Black gold…
For those that are interested…Skinnee can continue to analyze things as he has in the past and be happy with possible 10-15% gains…That’s not my style, though, and I’ll keep pushing for 50%+ gains in a year. Time will tell which “strategy” is more rewarding. So far, I’d say MUX has done rather well for me…and I believe it will continue to do well in the future.
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Originally posted by SchoolsOut1For those that are interested…Skinnee can continue to analyze things as he has in the past and be happy with possible 10-15% gains…That’s not my style, though, and I’ll keep pushing for 50%+ gains in a year. Time will tell which “strategy” is more rewarding. So far, I’d say MUX has done rather well for me…and I believe it will continue to do well in the future.
https://www.youtube.com/watch?v=TL7C3VSrRDw
By the way, it appears Skinnee J’s “critical thinking skills” are not all that when it comes to valuing a company.
If it sounds too good to be true ________________ (fill in the blank)…
quote:
Originally posted by SchoolsOut1For those that are interested…Skinnee can continue to analyze things as he has in the past and be happy with possible 10-15% gains…That’s not my style, though, and I’ll keep pushing for 50%+ gains in a year.
You’ve already told us that this isn’t your “entire” portfolio. You made it sound like you had “play money” (somehow it’s not real money) set aside for your gambling on MUX.
So, if that is the case, then you AREN’T making “50% gains in a year”. You might be making a 50% gain on an individual stock, but if you aren’t measuring your ENTIRE portfolio, then you are just cherry picking your results.
So, I ask you… Is your ENTIRE PORTFOLIO making 50% gains a year, or just a tiny portion of it?
The one thing you said that IS true though… If I were to make 10-15% return YoY on my entire portfolio over the course of my life, I would be ECSTATIC!!!
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Originally posted by SchoolsOut1By the way, it appears Skinnee J’s “critical thinking skills” are not all that when it comes to valuing a company.
Nothing wrong with my conservative valuation. But, I understand how a high stakes gambler would not be okay with me giving a valuation that consisted of: assets + earnings… You could definitely get higher valuations with some wishful thinking!