Author Topic: Shoot, I Just Stock Picked!  (Read 7926 times)

PaulMaxime

  • Stubble
  • **
  • Posts: 111
  • Age: 53
  • Location: San Francisco, CA
  • Absolute power doesn't corrupt, it reveals.
Re: Shoot, I Just Stock Picked!
« Reply #50 on: April 29, 2017, 09:58:38 AM »
Big week for Alphabet. I bought them a year ago this week when mild earnings caused them to pull back. Currently sitting on 5 shares, not life-changing, but the jump from earnings yesterday made me about $150.

Now that it's long-term capital gains, I'm considering selling.

Do you have a better place for the money? Alphabet is trading at a discount to the overall market and is doing extremely well. Selling just because you made a profit without someplace else to put it (Even it that place is a broad market index fund) is a recipe for underperformance.
"When my information changes, I alter my conclusions. What do you do, sir?" - John Maynard Keynes

Mr Mark

  • Pencil Stache
  • ****
  • Posts: 944
  • Location: Detroit, MI
  • Achieved Financial Independence summer 2014. RE'17
Re: Shoot, I Just Stock Picked!
« Reply #51 on: April 29, 2017, 11:30:10 PM »
Any recommended easy way to benchmark a trade against the vanguard sp500? in a way that takes account of index fund dividends ?
Mr. Mark

talltexan

  • Pencil Stache
  • ****
  • Posts: 683
Re: Shoot, I Just Stock Picked!
« Reply #52 on: May 01, 2017, 07:33:35 AM »
Re: benchmarking

How about just owning half in SP500 index, other half in whatever trade you're considering. Then you know whether you beat the SP because you can see which half is worth more.

Retire-Canada

  • Magnum Stache
  • ******
  • Posts: 4120
Re: Shoot, I Just Stock Picked!
« Reply #53 on: May 01, 2017, 07:52:12 AM »
Any recommended easy way to benchmark a trade against the vanguard sp500? in a way that takes account of index fund dividends ?

You can do the following:

- note the price change of the S&P500 over the dates you held the other investment
- factor in the dividend based on a S&P500 fund of your choice
--- take the trailing 12 month yield and prorate it for the time you held the other investment

The main flaw with this ^^^ approach that I see is that if you start from cash and then move back to cash you really should include the periods sitting in cash into your calculations since the S&P500 investment option you are trying to benchmark would be a buy and hold strategy with no time out of the market.

PaulMaxime

  • Stubble
  • **
  • Posts: 111
  • Age: 53
  • Location: San Francisco, CA
  • Absolute power doesn't corrupt, it reveals.
Re: Shoot, I Just Stock Picked!
« Reply #54 on: May 01, 2017, 09:14:59 AM »
Any recommended easy way to benchmark a trade against the vanguard sp500? in a way that takes account of index fund dividends ?

Yes, track yourself against the SP500 Total Return Index. At Yahoo Finance it's ^SP500TR.

I use Apple Numbers for my portfolio tracking and you can directly quote that index inside your spreadsheet. It also handles historical quotes. My tracker has monthly total portfolio value with cash flows compared to the same cash flows invested in something that tracks ^SP500TR and graph the difference. I've been keeping this spreadsheet since 2007.
« Last Edit: May 01, 2017, 09:17:48 AM by PaulMaxime »
"When my information changes, I alter my conclusions. What do you do, sir?" - John Maynard Keynes

Pizzabrewer

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #55 on: May 05, 2017, 09:33:48 AM »
EXAS is in the midst of a short squeeze. Always heard about such a thing, it's fun to be on the long side of one.

The question is, when to sell?

Retire-Canada

  • Magnum Stache
  • ******
  • Posts: 4120
Re: Shoot, I Just Stock Picked!
« Reply #56 on: May 05, 2017, 09:35:39 AM »
The question is, when to sell?

At the top is best.

Pizzabrewer

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #57 on: May 05, 2017, 01:50:53 PM »
The question is, when to sell?

At the top is best.

There is a certain wisdom to that...

Pizzabrewer

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #58 on: May 20, 2017, 08:27:27 PM »
So the shorts are fighting back.  Ah, the joys of investing in biotech where market manipulation runs rampant.

A particularly sleazy short-seller put out a hit piece on EXAS and managed to drop the price by about 15%.  Why this individual has the clout to influence a stock's price so much is a bit of a mystery.  By all appearances the company continues to grow at an accelerating rate and is still on track to revolutionize their segment of the health care industry.

My other bio-pick (KERX) is finally starting to hit its stride and has been growing sales nicely.  They've had their stumbles over the past 2 years launching their product but things are looking up.  I was largely out of the stock until a few weeks ago when I re-bought at $5.80.

I consider both companies to be long-term holds.

farmecologist

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #59 on: May 20, 2017, 09:46:54 PM »
So the shorts are fighting back.  Ah, the joys of investing in biotech where market manipulation runs rampant.

A particularly sleazy short-seller put out a hit piece on EXAS and managed to drop the price by about 15%.  Why this individual has the clout to influence a stock's price so much is a bit of a mystery.  By all appearances the company continues to grow at an accelerating rate and is still on track to revolutionize their segment of the health care industry.

My other bio-pick (KERX) is finally starting to hit its stride and has been growing sales nicely.  They've had their stumbles over the past 2 years launching their product but things are looking up.  I was largely out of the stock until a few weeks ago when I re-bought at $5.80.

I consider both companies to be long-term holds.

Took a look at EXAS.  Yes, manipulation runs rampant and shorts AND longs put out articles all the time to pump their position.  However, it's usually the big boys that do the real manipulation ( i.e. - hedge funds and big institutionals ).  At any rate, it looks to me like EXAS had a healthy run and now is having a small pullback.  The trend line is certainly still bullish though so hang in there!


runewell

  • Bristles
  • ***
  • Posts: 327
  • Age: 45
  • Location: IA
  • Bridge-playing actuary
Re: Shoot, I Just Stock Picked!
« Reply #60 on: May 21, 2017, 05:56:14 PM »
but I'm still not significantly above the S&P on a five year basis.

My Account
1-Year   3-Year   5-Year   
+24.18%   +14.62%   +17.14%

S&P 500 Index    
1 Year         3-Year      5-Year
+11.96%    +8.87%   +14.66%

You're not?  I beg to differ.

Scandium

  • Handlebar Stache
  • *****
  • Posts: 1950
  • Location: EastCoast
Re: Shoot, I Just Stock Picked!
« Reply #61 on: May 22, 2017, 12:52:34 PM »
Big week for Alphabet. I bought them a year ago this week when mild earnings caused them to pull back. Currently sitting on 5 shares, not life-changing, but the jump from earnings yesterday made me about $150.

Now that it's long-term capital gains, I'm considering selling.

Ey! Are you me? I bought 5 shares of then-google couple years go for ~$550 per share! Now at $962 I'm up about $2k, or 80%. It's sitting at a PE of 30, and I'm wondering how much higher it can go?? Thinking of collecting my profits and move on, probably to an index. Advice?

I don't really do play money anymore, and it's a tiny part of my NW, but still money. Loosing out would suck.

PaulMaxime

  • Stubble
  • **
  • Posts: 111
  • Age: 53
  • Location: San Francisco, CA
  • Absolute power doesn't corrupt, it reveals.
Re: Shoot, I Just Stock Picked!
« Reply #62 on: May 22, 2017, 01:01:55 PM »
Big week for Alphabet. I bought them a year ago this week when mild earnings caused them to pull back. Currently sitting on 5 shares, not life-changing, but the jump from earnings yesterday made me about $150.

Now that it's long-term capital gains, I'm considering selling.

Ey! Are you me? I bought 5 shares of then-google couple years go for ~$550 per share! Now at $962 I'm up about $2k, or 80%. It's sitting at a PE of 30, and I'm wondering how much higher it can go?? Thinking of collecting my profits and move on, probably to an index. Advice?

I don't really do play money anymore, and it's a tiny part of my NW, but still money. Loosing out would suck.

Neither of you should be picking individual stocks. By itself the stock price and how much it has gone up mean nothing.

Is Alphabet still growing, are they continuing to generate more profits? Are they a great business with a history of innovation? Do you see where they are headed in the future?

It's often the case that businesses doing well are the ones that keep on doing well. In many cases the signal of a stock price going up and up is a signal that it's going to go up more.

But most importantly, in order to make money in the stock market you need to find great companies (or buy an index fund) and hold on to it for a very long time, in spite of up and down fluctuations.

You were lucky enough to pick a single good investment. Now you want to sell. What is the chance that you will find another company going forward that is better than GOOGL?

Until you can answer those types of questions instead of being scared off by a little price fluctuation either way you are much better off indexing. But you have to be willing to suffer the fluctuations both UP and DOWN even in an index portfolio.

Otherwise I predict you will underperform over the long term
"When my information changes, I alter my conclusions. What do you do, sir?" - John Maynard Keynes

Scandium

  • Handlebar Stache
  • *****
  • Posts: 1950
  • Location: EastCoast
Re: Shoot, I Just Stock Picked!
« Reply #63 on: May 22, 2017, 01:10:38 PM »
Big week for Alphabet. I bought them a year ago this week when mild earnings caused them to pull back. Currently sitting on 5 shares, not life-changing, but the jump from earnings yesterday made me about $150.

Now that it's long-term capital gains, I'm considering selling.

Ey! Are you me? I bought 5 shares of then-google couple years go for ~$550 per share! Now at $962 I'm up about $2k, or 80%. It's sitting at a PE of 30, and I'm wondering how much higher it can go?? Thinking of collecting my profits and move on, probably to an index. Advice?

I don't really do play money anymore, and it's a tiny part of my NW, but still money. Loosing out would suck.

Neither of you should be picking individual stocks. By itself the stock price and how much it has gone up mean nothing.
No, nobody should be stock picking. Nobody has proved to do better than an index long term. So I have no better dds than anyone else. But no worse either!

Is Alphabet still growing, are they continuing to generate more profits? Are they a great business with a history of innovation? Do you see where they are headed in the future?
No idea. Yes they have been, but will they? Nobody knows. I have no reliable basis for saying either way

It's often the case that businesses doing well are the ones that keep on doing well. In many cases the signal of a stock price going up and up is a signal that it's going to go up more.

But most importantly, in order to make money in the stock market you need to find great companies (or buy an index fund) and hold on to it for a very long time, in spite of up and down fluctuations.
Yeah "find great companies".. Nobody can do that reliably.

You were lucky enough to pick a single good investment. Now you want to sell. What is the chance that you will find another company going forward that is better than GOOGL?
Yes I realize I was lucky. And that's the point. Feel I should take what I made and "get out" if you will. As is the case for even the best-paid expert, long term my picks are likely to at best equal the index. And probably underperform. So I guess I answered my own question; statistically I'm likely to loose to an index if I keep holding individual stocks so I should sell. This is the Vulcan answer..

Until you can answer those types of questions instead of being scared off by a little price fluctuation either way you are much better off indexing. But you have to be willing to suffer the fluctuations both UP and DOWN even in an index portfolio.

Otherwise I predict you will underperform over the long term

talltexan

  • Pencil Stache
  • ****
  • Posts: 683
Re: Shoot, I Just Stock Picked!
« Reply #64 on: May 23, 2017, 02:22:27 PM »
Agreed that Scandium and I are lucky (and we acknowledge that luck). But that risk has been limited to a very small portion of our respective net worths.


surfhb

  • Stubble
  • **
  • Posts: 130
Re: Shoot, I Just Stock Picked!
« Reply #65 on: May 23, 2017, 09:17:36 PM »
You guys realize you're all going to lose your asses when the next serious bear market comes, right?      Most of you will sell off out of fear....that's just the way it will be.   ;)

Been there, done that....twice in the last 25 years.   No more for me.    Slow and steady index investing with a reasonable AA.

This bull market has gone on so long and the age of the avg MMM'er seems to be in their 20s and 30s.   It seems many investors here have not yet seen what a serious downturn in the markets can do to ones networth.   

Be careful folks.   This isn't a game.....even if its a small % of your portfolio.    Play it smart.
« Last Edit: May 23, 2017, 09:51:19 PM by surfhb »

talltexan

  • Pencil Stache
  • ****
  • Posts: 683
Re: Shoot, I Just Stock Picked!
« Reply #66 on: May 24, 2017, 07:04:10 AM »
The next bear market will whack some of my individual positions pretty heavily.

But someone in zher 30's should certainly remember the downturn of 2008 (as I do).

surfhb

  • Stubble
  • **
  • Posts: 130
Re: Shoot, I Just Stock Picked!
« Reply #67 on: May 24, 2017, 09:47:29 AM »
The next bear market will whack some of my individual positions pretty heavily.

But someone in zher 30's should certainly remember the downturn of 2008 (as I do).

True but when you're young and just beginning to invest, the impact is less significant.   

When you are close to FIRE and lose $100k in a month ( like 2008) things look a whole lot different !!   Add kids, wife, job loss and loss of home equity in there as well. 

Not trying to paint a general picture of the avg MMM or investor but it just concerns me when I see younger investors touting their net worths from the rise of the equity and housing markets in recent years. 

I mean, there are posts in this thread who are actually celebrating the fact they have beat the S&P the last 5 years.  That's laughable and kinda scary

I'm looking forward to reading this entire blog site WHEN another bear market returns...the whole early retirement thing might look a whole lot different 🙂

Hey!   Maybe the next 10 years will go on forever and ever !   


Sent from my iPhone using Tapatalk
« Last Edit: May 24, 2017, 10:11:33 AM by surfhb »

farmecologist

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #68 on: May 24, 2017, 02:36:18 PM »
The next bear market will whack some of my individual positions pretty heavily.

But someone in zher 30's should certainly remember the downturn of 2008 (as I do).

True but when you're young and just beginning to invest, the impact is less significant.   

When you are close to FIRE and lose $100k in a month ( like 2008) things look a whole lot different !!   Add kids, wife, job loss and loss of home equity in there as well. 

Not trying to paint a general picture of the avg MMM or investor but it just concerns me when I see younger investors touting their net worths from the rise of the equity and housing markets in recent years. 

I mean, there are posts in this thread who are actually celebrating the fact they have beat the S&P the last 5 years.  That's laughable and kinda scary

I'm looking forward to reading this entire blog site WHEN another bear market returns...the whole early retirement thing might look a whole lot different 🙂

Hey!   Maybe the next 10 years will go on forever and ever !   


Sent from my iPhone using Tapatalk

I agree...I have mentioned the 2008-09 'crash' in other threads as a cautionary tale.  The odd thing is that I felt somewhat berated by others because of it.  Many just blow it off and say they will 'dollar cost average' into it, etc...

As one who lived through it, some just don't understand how severe the situation was.  Many did panic...Heck, I saw some extremely savvy people panic and take money out of the markets at the absolute worst time.

Another wildcard was the massive loss of jobs that happened.  When people lose jobs...they obviously can't invest at the low point...so 'dollar cost averaging' doesn't always work.

Luckily, we were able to see it through..and it worked out very well for us.  However, I saw many people 'go under' financially...and had to walk away from their homes (and mortgages), etc...

I really hope something like '08-'09 won't happen again.  However, it sure seems like there is a feeling of 'irrational exuberance' in the air again.  It can also be argued that another 'housing bubble' is forming.

« Last Edit: May 24, 2017, 02:38:53 PM by farmecologist »

talltexan

  • Pencil Stache
  • ****
  • Posts: 683
Re: Shoot, I Just Stock Picked!
« Reply #69 on: May 25, 2017, 07:54:22 AM »
Alphabet's share price is at an all-time high. Those of you who own indices can enjoy this surge (in miniature), but those of us who took the plunge on them as an individual stock get to enjoy achievements like beating the world's leading GO! master.

https://finance.yahoo.com/video/game-over-ai-defeats-game-142739243.html

Along with IBM's Watson winning at Jeopardy, it looks bad for humans when the machines decide they want to run things. I want our Robot overlords to know I was on their side early, and I will be able to prove it with my investment account statements. Of course, the achievements of Watson don't seem to be helping IBM increase sales...

PaulMaxime

  • Stubble
  • **
  • Posts: 111
  • Age: 53
  • Location: San Francisco, CA
  • Absolute power doesn't corrupt, it reveals.
Re: Shoot, I Just Stock Picked!
« Reply #70 on: May 25, 2017, 10:44:34 AM »
Quote
The next bear market will whack some of my individual positions pretty heavily.

But someone in zher 30's should certainly remember the downturn of 2008 (as I do).

Ahh, you young'uns. Are you too young to remember the crash of '87 or the Internet bubble or even the oil shocks and stagflation of the '70s?


Quote
I agree...I have mentioned the 2008-09 'crash' in other threads as a cautionary tale.  The odd thing is that I felt somewhat berated by others because of it.  Many just blow it off and say they will 'dollar cost average' into it, etc...

As one who lived through it, some just don't understand how severe the situation was.  Many did panic...Heck, I saw some extremely savvy people panic and take money out of the markets at the absolute worst time.

I really hope something like '08-'09 won't happen again.  However, it sure seems like there is a feeling of 'irrational exuberance' in the air again.  It can also be argued that another 'housing bubble' is forming.

On the other hand, these crashes and downturns are a normal part of investing. If you can't take them in stride then your risk tolerance is not what you think it is.

Even with all these crashes and downturns the market is up ~10% a year on average over the past long time frame. You have to be able to stick with it through the normal inevitable downturns.

The fact that many people were living beyond their means and leveraged up to the hilt in 2008 meant that lots of people were deeply hurt in the crash. It means that you need to prepare yourself financially and mentally for this situation in advance. Keep as much of your net worth in cash that you need to be comfortable when the next inevitable downturn happens. It will happen again in the future. It always does. But the market also always goes up and it goes up more than it goes down.

"When my information changes, I alter my conclusions. What do you do, sir?" - John Maynard Keynes

Scandium

  • Handlebar Stache
  • *****
  • Posts: 1950
  • Location: EastCoast
Re: Shoot, I Just Stock Picked!
« Reply #71 on: May 26, 2017, 07:23:57 AM »
Agreed that Scandium and I are lucky (and we acknowledge that luck). But that risk has been limited to a very small portion of our respective net worths.

Exactly, $5k is now pretty peanuts in my overall investments. And I've more or less stopped gambling on individual stocks now anyway. FWIW I've decide to hold on to GOOGL. $5k won't make much difference to my life right now, and would just go to VTSAX anyway. I'll hold on and who knows, maybe it follows amazon's price and it's worth $100k in 10 years. If not I'm ok loosing all that. It'll be my lottery ticket and one stock to follow.

I think those of us who acknowledge it's all luck and gambling, and no skills, are in no danger of going crazy stock picking.

farmecologist

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #72 on: May 26, 2017, 09:49:56 AM »


Quote
I agree...I have mentioned the 2008-09 'crash' in other threads as a cautionary tale.  The odd thing is that I felt somewhat berated by others because of it.  Many just blow it off and say they will 'dollar cost average' into it, etc...

As one who lived through it, some just don't understand how severe the situation was.  Many did panic...Heck, I saw some extremely savvy people panic and take money out of the markets at the absolute worst time.

I really hope something like '08-'09 won't happen again.  However, it sure seems like there is a feeling of 'irrational exuberance' in the air again.  It can also be argued that another 'housing bubble' is forming.

On the other hand, these crashes and downturns are a normal part of investing. If you can't take them in stride then your risk tolerance is not what you think it is.

Even with all these crashes and downturns the market is up ~10% a year on average over the past long time frame. You have to be able to stick with it through the normal inevitable downturns.

The fact that many people were living beyond their means and leveraged up to the hilt in 2008 meant that lots of people were deeply hurt in the crash. It means that you need to prepare yourself financially and mentally for this situation in advance. Keep as much of your net worth in cash that you need to be comfortable when the next inevitable downturn happens. It will happen again in the future. It always does. But the market also always goes up and it goes up more than it goes down.

yes, of course ups and downs are normal.  You and I know that...as well as most people here at MMM.  However, quite a few 'young investors' have seen very little in the way of significant downturn.  The bull market has been incredible over the last decade or so. 

A couple other things to think about.  First, housing seems to be getting into 'bubble' territory again as well.  I've seen many articles arguing both sides...but signs are certainly there.  Second, household debt is at an all-time (pre-2008) high again.  You would have thought people would have learned.  So yeah...it seems that people are becoming 'leveraged to the hilt' again and do appear to be living beyond their means.

At any rate, I don't want to sound like a grumpy old guy (and I'm only in my mid-40s)...but these things need to be thought about by some of the younger folks out there ( although not necessarily the MMM types - I'm probably preaching to the choir ).  However, I do feel that some MMM'ers have become extremely bold with their FIRE predictions and really hope they are not disappointed when a significant downturn happens.


Pizzabrewer

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #73 on: May 31, 2017, 08:52:50 AM »
New all-time high.

The basis for the recent short attack was lack of coverage by United Healthcare for EXAS' product. Well guess what?  Coverage begins July 1.

The shorts are getting roasted. I'm making bank.  ;)
« Last Edit: June 04, 2017, 09:23:13 PM by Pizzabrewer »

Pizzabrewer

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #74 on: June 04, 2017, 09:20:47 PM »
EXAS rose another few $$ to make a high of $38.92.  I sold about 1/3 of my position (mostly in long calls) as I anticipate a wild week for this stock.  I anticipate a pullback after this dramatic run.  It might also continue the rocketship ride.

In any event it'll be interesting.
« Last Edit: June 04, 2017, 09:27:16 PM by Pizzabrewer »

talltexan

  • Pencil Stache
  • ****
  • Posts: 683
Re: Shoot, I Just Stock Picked!
« Reply #75 on: June 05, 2017, 08:32:03 AM »
Pizzabrewer: nice job!

Making the decision to sell some is hard. I am just hanging onto GOOGL for the ride (It's only five shares, so I'm treating them like my fingers). It's really the only thing I own that's doing well. This psychology is part of the reason I'm not fit for substantial exposure on these bad boys.

thenextguy

  • Stubble
  • **
  • Posts: 104
Re: Shoot, I Just Stock Picked!
« Reply #76 on: June 05, 2017, 08:51:50 AM »
I used to be someone who was adamantly opposed to picking stocks. For reasons that would take too long to explain, I have reversed course. Slightly. The vast marjority of my portfolio is still in VTSAX, but today I purchased two individual stocks: MSFT and BR.

MSFT: 100 shares @ $71.94
BR: 100 shares @ $77.58

« Last Edit: June 05, 2017, 08:56:00 AM by thenextguy »

talltexan

  • Pencil Stache
  • ****
  • Posts: 683
Re: Shoot, I Just Stock Picked!
« Reply #77 on: June 05, 2017, 08:54:16 AM »
Would you be willing to share the strategy that led you to select those two?

Scandium

  • Handlebar Stache
  • *****
  • Posts: 1950
  • Location: EastCoast
Re: Shoot, I Just Stock Picked!
« Reply #78 on: June 05, 2017, 09:02:46 AM »
Big week for Alphabet. I bought them a year ago this week when mild earnings caused them to pull back. Currently sitting on 5 shares, not life-changing, but the jump from earnings yesterday made me about $150.

Now that it's long-term capital gains, I'm considering selling.

Hey, remember when google split to go to ~$500/share? Me neither, as it just passed (arbitrary) $1000/share again! congrats.. :D

Pizzabrewer

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #79 on: June 25, 2017, 08:11:30 PM »
Looks like I called that top and as predicted it's been a wild ride since then.  Short sellers continued their attack and the company floated a secondary to the tune of a 7% dilution.  After that bump in the road the SP has been in serious recovery mode the past week.

Trying to stretch a double into a triple, I'm calling for another wild week but this time to the upside.  We could see $40 by Friday.

I'd like to think I'm smart but I realize my calls have been pretty darn lucky. 
« Last Edit: June 25, 2017, 08:18:10 PM by Pizzabrewer »

talltexan

  • Pencil Stache
  • ****
  • Posts: 683
Re: Shoot, I Just Stock Picked!
« Reply #80 on: June 26, 2017, 09:27:55 AM »
I'm making a bunch of mistakes lately, shifting money out of bonds into a natural resources play and Kroger. No results worth bragging on those, although there should be a dividend yield in excess of the bond yield. that yield is purchased with much greater risk.

Pizzabrewer

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #81 on: July 12, 2017, 09:53:56 PM »
EXAS new all-time high. Taking aim at $40+.

farmecologist

  • Stubble
  • **
  • Posts: 188
Re: Shoot, I Just Stock Picked!
« Reply #82 on: July 13, 2017, 07:50:29 AM »

Good call in EXAS! Looks like quite a few biotechs are doing well now. 

My $VRX long position holding is doing great...I got in around the low point.   There has been over 1.5 years of bearish sentiment that has just started to turn bullish.   All of the Ackman drama is gone now, new management, and they look to be ahead of plan on paying down debt.  Still risky though...but every biotech is.  If they can overachieve on their plan..this will fly.