The Long Term Investor

Discussion in 'Investing' started by WXYZ, Oct 2, 2018.

  1. WXYZ

    WXYZ Well-Known Member

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  2. WXYZ

    WXYZ Well-Known Member

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    Ok....nothing to report.....so I will retreat and just watch the markets.

    LETS MAKE SOME MONEY TODAY.
     
  3. WXYZ

    WXYZ Well-Known Member

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  4. WXYZ

    WXYZ Well-Known Member

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    TomB16 likes this.
  5. WXYZ

    WXYZ Well-Known Member

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    A nice small....big gain for me today in my seven stocks. Only a single RED stock....MSFT. My stocks also beat the SP500 today by...0.21%.

    A good couple of days for me. NOW....lets see what Trump has to say tonight and hopefully it will kick off a nice big rally....at least for the rest of the week.
     
  6. WXYZ

    WXYZ Well-Known Member

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  7. WXYZ

    WXYZ Well-Known Member

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    HERE....is more info on this story.

    SpaceX confidentially files for IPO

    https://finance.yahoo.com/markets/stocks/article/spacex-confidentially-files-for-ipo-154109626.html

    ".......SpaceX may reportedly allow more retail investors to participate in the IPO than is typical, as Musk has been known to cater to individual investors in Tesla, for example. The individual investor portion could top 20% of the offering, double the 10% typically allocated.".....

    Anyone planing to buy these shares when they open?
     
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  8. roadtonowhere08

    roadtonowhere08 Well-Known Member

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    Unsure. Buy immediately or wait until the opening euphoria fades?

    I am thinking the latter based on lots of past IPOs. I know it will be a killer company, but euphoria pricing usually precedes a drop and then some time to come back up.

    What are your thoughts, W?
     
  9. WXYZ

    WXYZ Well-Known Member

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    WELL....I have mixed thoughts.

    At times in the past I have bought on the first day of a HOT IPO......and speculatively......held for a short time....hours to days....and than cashed in keeping my profit in "free" shares.

    On the other hand I know that many IPO's do present a good, or even better, buying opportunity at some time down the road from the opening price.

    AND....there is the issue of the hatred for Elon...that could impact this stock.

    I really do not anticipate having any extra money to put into this IPO when it happens...so buying as a long term holding is....out for me. Perhaps later down the road.

    I will have to wait till the time of the IPO to decide if this is something that I want to play as a short term momentum gamble.....like I did with the PLTR shares (not an IPO) that I bought and than sold....keeping my profit as 104 "free shares". Over the years I have probably done short term momentum speculative trades a handful of times....usually successfully.

    Whether I am willing to consider a short term speculative gamble....on margin....will probably depend on how the markets in general are doing at that time and the amount of media and investor MANIA that is going on regarding the IPO.

    So I am undecided right now.
     
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  10. roadtonowhere08

    roadtonowhere08 Well-Known Member

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    I figured you would say something just like that. I'll see how it goes and how much free funds I will have at the time.

    I get the Elon hate (I have mixed feelings myself), but I think most people will see this particular company differently than Tesla at this point. The EV craze has died down, and now it will be focused on the heavens. If Elon is smart, he will keep quiet and just focus on the company. Investors will vote with their wallets.
     
  11. WXYZ

    WXYZ Well-Known Member

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    EXACTLY.......and sometimes on Wednesday.

    S&P 500’s War Pattern: The Wipeout Begins Every Thursday

    https://finance.yahoo.com/markets/stocks/articles/p-500-war-pattern-wipeout-023521930.html

    "Five weeks into a Middle East war that’s sending shockwaves through the global economy, the US stock market has settled into a predictable pattern. It starts the week on a strong note, drifts sideways toward the middle of the week and then, like clockwork every Thursday and Friday, collapses."
     
  12. Lori Myers

    Lori Myers Active Member

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    I’d love to get involved in this SpaceX IPO, but unfortunately I have no spare cash. I’d have to sell something, and I’m not comfortable with that right now.

    It looks like the markets are plummeting again this morning. Strangely, it doesn’t really bother me. I find myself viewing it as an opportunity to buy at lower prices. It’s very unlikely, I hope, that I’ll need to touch this money for a long time—so low prices for the next few paydays don’t seem too bad a deal.
     
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  13. Smokie

    Smokie Well-Known Member

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    What is the refund policy on this sir?? :D

    No, I did not act on it either....but it further shows what a chaotic little environment this has been. Of course, this also assumes that the the pre-market is giving any accurate indication of what today will be. At this point anything goes. Trump could take a look at the market himself and decide to tweet out something to change course at any moment too.:suspicious:

    I don't know, about all we can do is have some fun while we wait for some sanity to return to the markets.
     
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  14. Smokie

    Smokie Well-Known Member

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    Speaking of the SpaceX stuff.

    The Artemis II (NASA) deal yesterday was pretty cool.

    Space exploration has always been a fascinating draw to people in general. It is amazing to witness some of this and to sort of lose yourself sometimes looking up at the night sky and wondering about it.

    SpaceX will be interesting to follow from an exploration standpoint. They have already done some pretty wild things. I find them interesting from that perspective.

    I figure, a bit like some of you all, that the stock will garner plenty of interest. A lot of articles already being generated in the headlines which leads to further anticipation and excitement about it. Of course, some of this is for a very obvious reason as with any stock.

    I figure it would be a crowded field early and the big firms will push it like a meme stock. They will pull the rug at some point and get those shares much cheaper while everyone complains about it. :)

    I don't know about the combining of the companies all together, but who knows. And yes, Musk should just run his stuff and stay out of the politics.

    I will probably not buy any, but that is more about portfolio management than company dislike or anything. Well, actually I guess I will if/when it ends up in a broad index. So, maybe enough for me at that point.

    Interesting company though.
     
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  15. Smokie

    Smokie Well-Known Member

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    Yes, that is the way to think about it Lori. Especially, if you have a pretty long runway in front of you. Those discounted shares will be worth much more on down the road. Good way to keep your mind focused on that aspect.

    I never could understand why some folks will willingly buy at almost any price, but when a sale shows up they can't bring themselves to buy anything.
     
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  16. WXYZ

    WXYZ Well-Known Member

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    Looks like the typical last couple of days to the week.....DOWN. The recent market pattern continues.
     
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  17. WXYZ

    WXYZ Well-Known Member

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  18. WXYZ

    WXYZ Well-Known Member

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    TRUST in the markets is CRITICAL. Destruction of this trust is the GUTS of my fear for the future of the markets that I have talked about many times.

    A Bear Market In Trust

    https://tonyisola.com/2026/04/a-bear-market-in-trust/

    "Warren Buffett once wisely said:

    It takes twenty years to build a reputation, and five minutes to ruin it.”

    A Bear Market in trust in the Stock Market would be the cherry on an already suspicious cake.

    Everything has a price, including market manipulation."
     
  19. WXYZ

    WXYZ Well-Known Member

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  20. WXYZ

    WXYZ Well-Known Member

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