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Post to this Topic
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Jan 28, 2021 - 9:41am



 islander wrote:


 black321 wrote:
Gamestop stock...anyone get in on this? Entered this year at $17.50, closed $347 yesterday, was as high as $482 today, now dropping like a rock at $210.

Previous Close347.51
Open265.00
Bid454.33 x 900
Ask453.00 x 900
Day's Range237.86 - 482.85
52 Week Range2.57 - 482.85
Volume22,872,391
Avg. Volume25,584,590
Market Cap16.59B
Beta (5Y Monthly)1.43
PE Ratio (TTM)N/A
EPS (TTM)-4.22
Earnings DateMar 24, 2021 - Mar 29, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar 14, 2019
1y Target Est12.39

 

I watched from the sidelines. I'm a fundamentals guy, so I get the short squeeze, but I also get that every play has an end, and there are players bigger than me that really control things. At this point it is all gambling and hoping to out bluff the other guy.  If I had more time to play with the discretionary fund it might be fun, but I'll stick to my low effort strategy. 
 
As am I....and  there is not much 'value' in the market these days. Reason why most of my big wins are when stocks tank/go bankrupt. 

islander

islander Avatar

Location: Seattle
Gender: Male


Posted: Jan 28, 2021 - 8:37am



 black321 wrote:


 islander wrote:

SCLR is one where I know some people. It's more of a curiosity thing. ARNA is another biotech that I put a tiny bit into, Interestingly - both biotechs on my list are tiny and tanking hard.

The other 'penny' stocks typically have similar reasons for being watched - Level 3 is my industry and an interesting barometer for a company w/ big capex costs; Q and ALU are former employers, I know people and have some legacy stocks there ( I had Lucent options at $85/share!); OpenWave is a company w/ a local branch and some people I know - they are making an interesting transition in business models as the market changed around them.

CMG has some interesting numbers, but this one scares me: P/E 43.76. And it's a fast food stock.  I sold out when the P/E got close to 20 because that wasn't making sense. At nearly 44, those are really expensive earnings you are getting yourself into. There just isn't room for that kind of growth, and you're counting on momentum and the bigger fool theory for future returns.  Note that I said that exact same thing when I sold out last year at $100 a share. 
 
should have held on to Chipotle...14x return over past 10 years.

 

Hindsight and all. I've done okay by staying away from things that have valuations north of 100. Sure it makes sense if everyone agrees to the illusion, but there is no inherent value that makes a stock worth 150X it's earnings. At that point, the stock is a business in and of itself. It is separate from the underlying business and relies on marketing and perception rather than an actual balance sheet or P&L.  Lots of very cool  brands in the world, not many making money.

islander

islander Avatar

Location: Seattle
Gender: Male


Posted: Jan 28, 2021 - 8:33am



 black321 wrote:
Gamestop stock...anyone get in on this? Entered this year at $17.50, closed $347 yesterday, was as high as $482 today, now dropping like a rock at $210.

Previous Close347.51
Open265.00
Bid454.33 x 900
Ask453.00 x 900
Day's Range237.86 - 482.85
52 Week Range2.57 - 482.85
Volume22,872,391
Avg. Volume25,584,590
Market Cap16.59B
Beta (5Y Monthly)1.43
PE Ratio (TTM)N/A
EPS (TTM)-4.22
Earnings DateMar 24, 2021 - Mar 29, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar 14, 2019
1y Target Est12.39

 

I watched from the sidelines. I'm a fundamentals guy, so I get the short squeeze, but I also get that every play has an end, and there are players bigger than me that really control things. At this point it is all gambling and hoping to out bluff the other guy.  If I had more time to play with the discretionary fund it might be fun, but I'll stick to my low effort strategy. 
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Jan 28, 2021 - 8:21am



 islander wrote:

SCLR is one where I know some people. It's more of a curiosity thing. ARNA is another biotech that I put a tiny bit into, Interestingly - both biotechs on my list are tiny and tanking hard.

The other 'penny' stocks typically have similar reasons for being watched - Level 3 is my industry and an interesting barometer for a company w/ big capex costs; Q and ALU are former employers, I know people and have some legacy stocks there ( I had Lucent options at $85/share!); OpenWave is a company w/ a local branch and some people I know - they are making an interesting transition in business models as the market changed around them.

CMG has some interesting numbers, but this one scares me: P/E 43.76. And it's a fast food stock.  I sold out when the P/E got close to 20 because that wasn't making sense. At nearly 44, those are really expensive earnings you are getting yourself into. There just isn't room for that kind of growth, and you're counting on momentum and the bigger fool theory for future returns.  Note that I said that exact same thing when I sold out last year at $100 a share. 
 
should have held on to Chipotle...14x return over past 10 years.

black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Jan 28, 2021 - 8:08am

Gamestop stock...anyone get in on this? Entered this year at $17.50, closed $347 yesterday, was as high as $482 today, now dropping like a rock at $210.

Previous Close347.51
Open265.00
Bid454.33 x 900
Ask453.00 x 900
Day's Range237.86 - 482.85
52 Week Range2.57 - 482.85
Volume22,872,391
Avg. Volume25,584,590
Market Cap16.59B
Beta (5Y Monthly)1.43
PE Ratio (TTM)N/A
EPS (TTM)-4.22
Earnings DateMar 24, 2021 - Mar 29, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar 14, 2019
1y Target Est12.39

Yibbyl

Yibbyl Avatar

Location: Gaäd only knows
Gender: Male


Posted: Sep 28, 2012 - 2:55pm

 islander wrote:

SCLR is one where I know some people. It's more of a curiosity thing. ARNA is another biotech that I put a tiny bit into, Interestingly - both biotechs on my list are tiny and tanking hard.

The other 'penny' stocks typically have similar reasons for being watched - Level 3 is my industry and an interesting barometer for a company w/ big capex costs; Q and ALU are former employers, I know people and have some legacy stocks there ( I had Lucent options at $85/share!); OpenWave is a company w/ a local branch and some people I know - they are making an interesting transition in business models as the market changed around them.

CMG has some interesting numbers, but this one scares me: P/E 43.76. And it's a fast food stock.  I sold out when the P/E got close to 20 because that wasn't making sense. At nearly 44, those are really expensive earnings you are getting yourself into. There just isn't room for that kind of growth, and you're counting on momentum and the bigger fool theory for future returns.  Note that I said that exact same thing when I sold out last year at $100 a share.
 
Just checked this forum again after quite a while as I need to rollover a 401K & an IRA into another retirement acct. that I plan on managing myself. The IRA is small, so I thought I would utilize that portion in something approaching venture capital-type of investments...frankly, penny stocks. I remembered you had a few on your watch list and glanced over them again. So, if you are willing to discuss it, are congrats in order for investing in Arena Pharmaceutical or was your timing a little off or are you still holding it?!?
Servo

Servo Avatar

Location: Down on the Farm
Gender: Male


Posted: Aug 21, 2012 - 9:10pm

 Beanie wrote:
You are easy to impress!
 
Well I am mesmerized by shiny objects and can't resist the sound of jangling keys... {#Wink}
well, hell, if you like that You're gonna love this; my complete total utter lazy procrastination resulted in me waiting until early 2009 to move my old 401(k) out of a stable money market (at 3% per annum) and into the stock market, back when it was trading around 6500 and some change.  It is the only reason I'm not completely in the hole right now.  My financial strategy consists of benign neglect.  

Aw, go ahead and take credit.  I won't tell...
On a related note, you guys are, like, way more paranoid than I am!

It's not paranoia (at least on my part) as much as it is "once burned twice shy".  If you lost over half of your net worth (including retirement money) overnight and then was forced to pay a whopping capital gains tax on the money that's no longer there, you'd be distrustful too.


Beanie

Beanie Avatar

Location: under the jellicle moon
Gender: Female


Posted: Aug 21, 2012 - 7:21pm

 miamizsun wrote:

{#Wave}
 

miamizsun

miamizsun Avatar

Location: (3261.3 Miles SE of RP)
Gender: Male


Posted: Aug 21, 2012 - 6:02pm

 Beanie wrote:
On a related note

 
{#Wave}

Beanie

Beanie Avatar

Location: under the jellicle moon
Gender: Female


Posted: Aug 21, 2012 - 5:31pm

 Servo wrote:

So you kept it after the 15% drop?  You didn't panic?  Outstanding!  {#Notworthy}  You're a shining example to us all!

 
You are easy to impress!  well, hell, if you like that You're gonna love this; my complete total utter lazy procrastination resulted in me waiting until early 2009 to move my old 401(k) out of a stable money market (at 3% per annum) and into the stock market, back when it was trading around 6500 and some change.  It is the only reason I'm not completely in the hole right now.  My financial strategy consists of benign neglect.  

On a related note, you guys are, like, way more paranoid than I am!
Servo

Servo Avatar

Location: Down on the Farm
Gender: Male


Posted: Aug 20, 2012 - 9:14pm

 bokey wrote:
Get physical possession and put it in your safe deposit box.A money market will pay maybe a half point. Stay safe.
 
Even better take it (or at least some of it) home in secret after finding a very good hiding place.  I agree that physical possession is important.  Don't trust a broker to make your sale fast enough to be in your best interest.  They can and have sold their most important client's holdings first, which means that prices have dropped considerably by the time they get around to doing yours.


Servo

Servo Avatar

Location: Down on the Farm
Gender: Male


Posted: Aug 20, 2012 - 9:10pm

 Beanie wrote:
Moved about 15,000 of my 401k into gold in mid-2008.  Promptly lost about 15%.  My investment advisor chuckled and told me I should consider it a " learning experience".  Last month, he remarked that I should have moved 50k.  Ha ha.

Wondering if it's time to get out now, though...
 
So you kept it after the 15% drop?  You didn't panic?  Outstanding!  {#Notworthy}  You're a shining example to us all!


bokey

bokey Avatar

Gender: Male


Posted: Aug 20, 2012 - 8:47pm

 Beanie wrote:
Moved about 15, 000 of my 401k into gold in mid-2008.  Promptly lost about 15%.  My investment advisor chuckled and told me I should consider it a " learning experience".  Last month, he remarked that I should have moved 50k.  Ha ha.

Wondering if it's time to get out now, though. . .  

 
Get physical possession and put it in your safe deposit box. A money market will pay maybe a half point. Stay safe.
Beanie

Beanie Avatar

Location: under the jellicle moon
Gender: Female


Posted: Aug 20, 2012 - 8:40pm

Moved about 15,000 of my 401k into gold in mid-2008.  Promptly lost about 15%.  My investment advisor chuckled and told me I should consider it a " learning experience".  Last month, he remarked that I should have moved 50k.  Ha ha.

Wondering if it's time to get out now, though... 
miamizsun

miamizsun Avatar

Location: (3261.3 Miles SE of RP)
Gender: Male


Posted: Aug 20, 2012 - 7:53pm

i'd invest in a nest of bowl eggs
props to ov & buzz
bokey

bokey Avatar

Gender: Male


Posted: Aug 20, 2012 - 7:37pm

 Servo wrote:

I see.   You simply consider yourself above personal responsibility.   Real classy. . .
 
Yes, I consider myself above personal responsibility. {#Rolleyes}

 You are such a wise man, I bow in your exalted presence.


Servo

Servo Avatar

Location: Down on the Farm
Gender: Male


Posted: Aug 20, 2012 - 7:31pm

 bokey wrote:
Nope,I just said he was Bush3
 
I see.  You simply consider yourself above personal responsibility.  Real classy...

bokey

bokey Avatar

Gender: Male


Posted: Aug 20, 2012 - 5:53pm

 Servo wrote:

Could you please explain how President Obama did this all by himself, without Senate confirmation?   While you're at it, please explain how the decision to keep Bernanke is directly connected to Obama acting alone to destroy America?   For example, how did Obama get Bush, Cheney et al. in on his diabolical scheme?   Are you saying that President Obama has irresistible, God-like powers to make people do his will?

I mean, if President Obama really is this deity, the wise move would be to fall down and worship him, and beg for his favor, wouldn't it?

And if he's not a god, and is only a man operating under the constraints of the Constitution, aren't you just singling out Obama to be a scapegoat for the sins of all of the GOP politicians that are on record as doing what they did?

 
Nope, I just said he was Bush3.
Servo

Servo Avatar

Location: Down on the Farm
Gender: Male


Posted: Aug 20, 2012 - 5:48pm

 bokey wrote:
One word-Obama re-appointed Bush's Fed chairman.There is nowhere to invest.You can't even get a 1.5 % CD.Obama's destruction of America marches on.
 
Could you please explain how President Obama did this all by himself, without Senate confirmation?  While you're at it, please explain how the decision to keep Bernanke is directly connected to Obama acting alone to destroy America?  For example, how did Obama get Bush, Cheney et al. in on his diabolical scheme?  Are you saying that President Obama has irresistible, God-like powers to make people do his will?

I mean, if President Obama really is this deity, the wise move would be to fall down and worship him, and beg for his favor, wouldn't it?

And if he's not a god, and is only a man operating under the constraints of the Constitution, aren't you just singling out Obama to be a scapegoat for the sins of all of the GOP politicians that are on record as doing what they did?


bokey

bokey Avatar

Gender: Male


Posted: Aug 20, 2012 - 5:05pm

 mzpro5 wrote:
One word - plastics.

 
One word-Obama re-appointed Bush's Fed chairman. There is nowhere to invest. You can't even get a 1. 5 % CD. Obama's destruction of America marches on.

 Oh well. I'll be dead one day and in the meantime there's baseball.

 Back to baseball>>>>>>>>>>>
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