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.
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!!!
It’s currently my entire roll over IRA…
Last year’s 300% move was mostly MUX, but you need to understand that most of the junior minors (think GDXJ, not GDX as you had posited about earlier) did just as well with some doing way better and some not doing as well.
Like I said…you stick to what you want to…and I’ll do me. Again, all my moves are for all to see on THT in that thread. Nothing to hide. About the only thing I don’t actively play with is my 401k.
By 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!
About the only thing I don’t actively play with is my 401k.
That’s part of your portfolio. If you aren’t averaging 50% across both your IRA and your 401K, then you aren’t getting 50% gains. You are just cherry picking.
Last year’s 300% move was mostly MUX, but you need to understand that most of the junior minors (think GDXJ, not GDX as you had posited about earlier) did just as well with some doing way better and some not doing as well.
Ha! GDXJ was a $171 a share ETF at one point. The S&P 500 has BLOWN IT AWAY over the past 6 years. BLOWN AWAY!!! You just happen to be the happy recipient of market timing. Let's not sit here and pretend that it's an "investment" though.
Last year’s 300% move was mostly MUX, but you need to understand that most of the junior minors (think GDXJ, not GDX as you had posited about earlier) did just as well with some doing way better and some not doing as well.
Ha! GDXJ was a $171 a share ETF at one point. The S&P 500 has BLOWN IT AWAY over the past 6 years. BLOWN AWAY!!! You just happen to be the happy recipient of market timing. Let's not sit here and pretend that it's an "investment" though.
Ok, Skinnee…I’m tired of arguing with you. I posted about MUX here when it was in the $1 range or somewhere near there. A few took advantage of it. I sold it high…bought back lower and made more money…which I sold high and bought back lower and working to making more money.
I’m not sure why you are stuck on something, but I’ve said again and again what I do…why I do…and how I perform.
So, start posting your moves here for all to see…let’s compare results.
So, tell us what is wrong with it? It's easy to tell people that they are wrong without having to back up your statement.
You fail to see what they have as assets in your computations…you took some numbers from a website and came up with some computation that is much lower than what the market is willing to pay for it. You think it is priced too high, but I could probably look at your portfolio and pick out a whole range of stocks that are at some magical valuation.
Either way, put up or shut up. My moves are out there for the www to see. Yours aren’t.
You fail to see what they have as assets in your computations…you took some numbers from a website and came up with some computation that is much lower than what the market is willing to pay for it. You think it is priced too high, but I could probably look at your portfolio and pick out a whole range of stocks that are at some magical valuation.
Uhhhh… No. These companies are required to fill out documents with the SEC. I just looked at the numbers from the balance sheet that THEY filed… That’s where I got the $500M asset valuation from. Their numbers, not mine.
Again, since you know so much about valuations, put up your formula. I gave a very basic “rule of thumb” valuation that is literally “common sense”. There was no magic formula used.
quote:
Either way, put up or shut up. My moves are out there for the www to see. Yours aren't.
I don’t have any recent exciting “moves”. Again, I’m not a “trader”… I “own” stocks. That being said, I do sell\buy them once in a while if I can’t give a good reason to own them anymore (i.e. dividend gets cut, PE sucks, etc)…
If you must know what I have done, looking at the last 90 days I have:
<> Sold COP on Jan 17
<> Sold DFS on Jan 17
<> Sold EFR on Jan 20
And a few other small positions
Other “activity” is collected a lot of dividends…
I do not have ANY purchases in 2017 so far. I’ve been rolling things into cash and I’m focused on building a house. I have looked at a few stocks that I want to purchase, but the P\Es are higher than historical norms and they do
Last year’s 300% move was mostly MUX, but you need to understand that most of the junior minors (think GDXJ, not GDX as you had posited about earlier) did just as well with some doing way better and some not doing as well.
Ha! GDXJ was a $171 a share ETF at one point. The S&P 500 has BLOWN IT AWAY over the past 6 years. BLOWN AWAY!!! You just happen to be the happy recipient of market timing. Let's not sit here and pretend that it's an "investment" though.
Ok, Skinnee…I’m tired of arguing with you. I posted about MUX here when it was in the $1 range or somewhere near there. A few took advantage of it. I sold it high…bought back lower and made more money…which I sold high and bought back lower and working to making more money.
I’m not sure why you are stuck on something, but I’ve said again and again what I do…why I do…and how I perform.
So, start posting your moves here for all to see…let’s compare results.
Again, you aren't getting "50% returns" unless you are getting 50% returns. I got a 90-100% return with my FB purchase, but I didn't try to claim that I got "100% returns".
He’s just still upset for selling FB stock too early.
“Wailord”
1979 17’ Montauk
90 Johnson
Wilderness Ride 115
True. But I was called "crazy" for buying it when I did. I believe that Post Quartermaster called me a fool and "SnorkelJ". I don't remember anyone else buying it when I did.
Even though I made 100% return off of that particular investment, I didn’t claim that I was making “100% returns YoY”! LOL!!!
Anybody want to bet $5 a week on nascar thru draft kings? It’s fun stuff
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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.
Why do people watch cars drive around in a circle for 4 hours? Its like a cat chasing a laser pointer.
Why do you argue with Schoolsout day in and day out? I watch my draft kings scoring to see where my drivers are and rarely watch the actual race. When I do watch a race it's on my DVR at X2 or 3 speed until the final laps. If you're scared to wager $5 than just say so.
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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.
NASCAR is a Girlie Man event… They have a girl competing with men…
It takes more skill to navigate 485 in the Charlotte traffic than it does on the NASCAR circuit these days… They pussified the sport and it is forever ruint…
I watch my draft kings scoring to see where my drivers are and rarely watch the actual race. When I do watch a race it’s on my DVR at X2 or 3 speed until the final laps.
Last year’s 300% move was mostly MUX, but you need to understand that most of the junior minors (think GDXJ, not GDX as you had posited about earlier) did just as well with some doing way better and some not doing as well.
Ha! GDXJ was a $171 a share ETF at one point. The S&P 500 has BLOWN IT AWAY over the past 6 years. BLOWN AWAY!!! You just happen to be the happy recipient of market timing. Let's not sit here and pretend that it's an "investment" though.
Ok, Skinnee…I’m tired of arguing with you. I posted about MUX here when it was in the $1 range or somewhere near there. A few took advantage of it. I sold it high…bought back lower and made more money…which I sold high and bought back lower and working to making more money.
I’m not sure why you are stuck on something, but I’ve said again and again what I do…why I do…and how I perform.
So, start posting your moves here for all to see…let’s compare results.
Again, you aren't getting "50% returns" unless you are getting 50% returns. I got a 90-100% return with my FB purchase, but I didn't try to claim that I got "100% returns".
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