rookie investing

[Captain Crawfish]

I don't trade, I invest. Sometimes I speculate. But, how about five years from now? If WPRT is a great company that is going to turn a profit any day now, then a longer term shouldn't be a problem. I say it won't beat the S&P 500 over five years. Right now they are trading at 7 times their book value and their losses keep getting bigger every year despite record low natural gas prices.

this stock is a game changer. they will make money when the infrastructure is done.lots of orders already placed

[Captain Crawfish]

dexo up 15% today who would have guessed. Don't buy it now take your cash and wait

[347Mike]

Speaking of IR, I was at their Trane facility in Wisconsin this past week. Pretty neat place..

[Broncojohnny]

Man when I look at some of the stocks I used to own and where they went after I sold them it can be frustrating. For me I decided that once I sell a stock I treat it like I never owned it. I'll look at the history for future decisions, but the last trade is gone. I'll never hit the highest high or the lowest low with any consistency, if I do it is luck. Ill take the gains I can get and try to appreciate them, take the losses and try to learn from them.

Speaking of earnings, right now im riding IR up on a nice little swing. I bought this for a long term hold but when its up 25% it's hard to not want to sell.

Book on IR is about $25 and your price is about $30 I'm guessing. They are saying 2012 EPS is going to be $2.90 to $3.10. That is going to be a 10% return on equity for you, no way I would part with it. They grew EPS at 14% in 2011 in a down economy, anything to do with their residential businesses is sucking wind. When housing starts to come back their EPS is going to grow pretty nice, you'll be knocking down 15% returns in a few years. I'm in that thing at around $27.50 and I'm definitely not letting it go any time soon even if they do have a few more shitty quarters.

[Broncojohnny]

Damn, I wonder if any analyst members here had a Buy rating with an $11 price target on CALX coming into today?

Probably not because if they did they would have PM'd me so I could make it rain in tha mutha fuckin club this weekend.

[347Mike]

Man when I look at some of the stocks I used to own and where they went after I sold them it can be frustrating. For me I decided that once I sell a stock I treat it like I never owned it. I'll look at the history for future decisions, but the last trade is gone. I'll never hit the highest high or the lowest low with any consistency, if I do it is luck. Ill take the gains I can get and try to appreciate them, take the losses and try to learn from them.

Right now im riding IR up on a nice little swing. I bought this for a long term hold but when its up 25% it's hard to not want to sell.

I don't let the old ones bother me as much. This struck a nerve because I literally owned it a week or two ago and I had a stronge feeling this would happen but I just don't like being negative with so much market uncertainty. It is really easy to say, "yeah, the market is going to go up" but I hate to be the sucker who h olds on and some unforeseen event takes place and wipes out all my investment money.

Like I said, it is a lesson learned and I didn't lose any money on this deal so I can't really complain. Having the $10,000 I would've got from that though would be nice for my upcoming days off though!

[slow99]

Damn, I wonder if any analyst members here had a Buy rating with an $11 price target on CALX coming into today?

[slow06]

I made a silly mistake that has me quite angry this morning. I feel like I need to vent.

I sold a company a few weeks ago because it hasn't been doing to good with its earnings and the whole Europe debacle had the markets all over. The company as of a month or so ago was 55% under where it was a year ago. I knew deep down that it would start performing better over the next year but despite that I sold. It kept going down and up and down some more. I have a hard time seeing my money going into the red for more than a day and sold at an even point. The markets were to volatile for my own taste.

Well 2 weeks later it is up almost 40%, 25% of that being today alone... New CEO, new strategy, better earnings, blah blah blah fucking blah...

I guess that is the name of the game though...

Man when I look at some of the stocks I used to own and where they went after I sold them it can be frustrating. For me I decided that once I sell a stock I treat it like I never owned it. I'll look at the history for future decisions, but the last trade is gone. I'll never hit the highest high or the lowest low with any consistency, if I do it is luck. Ill take the gains I can get and try to appreciate them, take the losses and try to learn from them.

Speaking of earnings, right now im riding IR up on a nice little swing. I bought this for a long term hold but when its up 25% it's hard to not want to sell.

[Broncojohnny]

I wasn't blaming the analysts. I have heard that this has been done in the past to get a company kick started in a sense. Maybe that is not the exact or scientific reason but I remember hearing something like that.

I understand shit happens, it is the stock market. If everyone knew it would be up 25% this morning then there would be a lot more rich people. I am a novice, felt uncomfortable being negative $2-3k within a day or two with everything going on, company uncertainty, Europe, etc, so I sold when I broke even. Was it the smart thing to do? Who really knows.

At least you are brave enough to admit your mistakes on the internet, most people won't talk about the shit they fucked up on. It is all about the last good trade they made. Never about the losers. You learn more from the losers though. You start to pay attention when you take a shot to the old coinpurse.

[347Mike]

Those fucking analysts!

I wasn't blaming the analysts. I have heard that this has been done in the past to get a company kick started in a sense. Maybe that is not the exact or scientific reason but I remember hearing something like that.

I understand shit happens, it is the stock market. If everyone knew it would be up 25% this morning then there would be a lot more rich people. I am a novice, felt uncomfortable being negative $2-3k within a day or two with everything going on, company uncertainty, Europe, etc, so I sold when I broke even. Was it the smart thing to do? Who really knows.

[Broncojohnny]

Those fucking analysts!

Fuck those guys!

[slow99]

Those fucking analysts!

[347Mike]

What company? You should have rode that thing out through earnings season. The bulls have run pretty hard for the last eight earnings periods. My speculative pick is CBG and people didn't like their guidance, I'm going to dump them tomorrow if we get an upswing.

It is the one I sent to you a long time ago in a private message. Earnings also played a role in my selling. If you look at the chart over the past year or two it drops around 15-20% around earnings season and I honestly though that it could very well happen again. What happened though, in my opinion, was they finally announced their new CEO (yesterday), and analysts or whoever set the bar really low on their earnings so when they released their actual earnings today they would beat it by a long shot, which they did.

Valuable lesson learned I suppose. I am just thankful it wasn't a loss lesson learned. I haven't had one of those in a long time! :crosses fingers:

[Broncojohnny]

I made a silly mistake that has me quite angry this morning. I feel like I need to vent.

I sold a company a few weeks ago because it hasn't been doing to good with its earnings and the whole Europe debacle had the markets all over. The company as of a month or so ago was 55% under where it was a year ago. I knew deep down that it would start performing better over the next year but despite that I sold. It kept going down and up and down some more. I have a hard time seeing my money going into the red for more than a day and sold at an even point. The markets were to volatile for my own taste.

Well 2 weeks later it is up almost 40%, 25% of that being today alone... New CEO, new strategy, better earnings, blah blah blah fucking blah...

I guess that is the name of the game though...

What company? You should have rode that thing out through earnings season. The bulls have run pretty hard for the last eight earnings periods. My speculative pick is CBG and people didn't like their guidance, I'm going to dump them tomorrow if we get an upswing.

[347Mike]

I made a silly mistake that has me quite angry this morning. I feel like I need to vent.

I sold a company a few weeks ago because it hasn't been doing to good with its earnings and the whole Europe debacle had the markets all over. The company as of a month or so ago was 55% under where it was a year ago. I knew deep down that it would start performing better over the next year but despite that I sold. It kept going down and up and down some more. I have a hard time seeing my money going into the red for more than a day and sold at an even point. The markets were to volatile for my own taste.

Well 2 weeks later it is up almost 40%, 25% of that being today alone... New CEO, new strategy, better earnings, blah blah blah fucking blah...

I guess that is the name of the game though...