I dont get offended. I'm a value investor. I look for bargains. This one is still fresh, being a direct listing instead a typical IPO, I like to know who the early investors are. The share structure and how the shares will be unlocked in the timeframe. At the moment its out of steam, by being patient I can get a better entry and upstage the ones that might have bought on a whim or not done more research. If things don't go my way I will move on and find another and keep it on watch for a better price. This one in my opinion has more downside in the short term. It has potential but has a lot of shares that will soon be unlocked, for now I will pass.
So your a value investor. Hence the question when OZON appeared on the Nasdaq at under 40 and now is over 55 did someone who bought under 40 get a bargain. The earliest investor Leonid Boguslavsky. He did make Forbes Billionaire list. To me Alibaba, Ozon, and Cpng are all Amazon spinoffs. 6 years ago Alibaba was just over 80. When i read peoples comments about haw they invest they have my ear, I want hear the symbols they bought and how their investment philosophy helped. Covid destroyed 3 REIT's I had. My investment philosophy looked like it failed. At least tellme your first purchase. Mine 1988, Seagate. I worked for the CEO as a chauffer.
I do like this longterm, but they sometimes stall fresh out of the gate. This one hasn't seen the demand pickup yet and appears to be quickly running out of steam. Obviously the buyers on day one are not very happy right now. The early bird doesn't always get the worm. In this case they are getting skulldrug across the parking lot.This one has a LOT of shares unlocking and unless some serious buyers step in it looks to be in trouble. OUCH.
Oh my, yes, it did fall out of the range and it also looks like it tried to get back in and failed. Price discovery is a beach. Go with the trend, the trend is your friend. And for those who may have guessed wrong, we can't forget this one: “I'd far rather be happy than right any day.” — Douglas Adams, The Hitchhiker's Guide to the Galaxy 30-minute Bars over 4 trading days:
This is what I was talking about. Direct listings are tricky if you don't properly research before jumping in.
That chart is correct, yet there are buyers that buy that never use charts. We are in the first inning and Chan Ho Park walked the first 2 batters. Ahhhh you have to ask why would anyone buy a South Korean Company. Did they guess wrong or will it begin a rise. TWT.
I just called Mann and Strange and asked How Low Can You Go. My sources are telling me that I may have bought a painted pony. I have bought but I do not believe I guessed wrong because we aren't even out of the top of the first. The spinning wheel has got to go round. I am going to ride this pony to the river and drop my troubles there. "Dealer give me 3 cards". Since taking over from Morgan Stanley in July of 2019 I have managed to go 23-6 in deals soundly beating the Lipper averages. Current positions sit at 17-2 with a 16.94% return if I sold all positions. Sometimes you win and sometimes you lose. 40 wins and 8 losses ain't bad.
I guess wrong often. I have no illusion that I "know" which way price is going to go next, but I use my "edge" to increase the probabilities and to manage the trade. I'm a pretty good timer, but because I have a demanding day job, I don't always have time to pinpoint my entry. Consequently I often have to endure a degree of draw down, but there is a limit to the draw down I'll accept. My Sell Stops are placed at logical chart prices, but generally speaking I'll sell on a 10% decline from my entry, wait for the trend to change, and then get back in at a lower price. Since commissions are now zero doll hairs, its easier than ever to get in and out and back in again. And yes it happens sometimes I get out and then buy back later at a higher price, which is fine, because I have rules that cannot be broken. Its the trades where I broke my rules that I lived to regret.
Well your 10% and others say 7% or 8%. My worst experience ever as a rookie was Microsoft late 90's at 97, watched it climb to 104 and jumped off at around 30. Now if I had held on my 1,000 investment it would be 8,000 today. In April 2018 using an IBD equation I bought SCCO. It dropped 42% by the end of the year and now is up 64%. I like most good investor/trader or trader/investor have blown it. If you use sound principles you will have a winning percentage.
I dont make calls, I simply observe. Some invest at any cost and ride the storm. Being a value investor I locate my target, dig in the research mode and investigate the entire structure to get a better insight. For now I will watch and let the unlocked shares hit the market alongside the shorts, being patient and letting them do their magic. In my opinion this is dosed up with Metamucil and is taking a major dump. It can turn on a dime but for now the early birds are no longer chirping. The hawks are watching from the trees.
I like your post. I like your analogies. Let me give you my research. How does anyone get info to make a decision? The real early birds have done okay, in my opinion. In my opinion this is very similar to OZON which started in 1999 and arrived at the NASDAQ headquarters last Nov. I bought both using my principles. Charts and graphs and simulators all can provide reasons to buy or not buy. So this website allows people sitting near the trading floor to offer thumbs or thumbs down. I love America where you as an individual can play in the game. You like me have made decisions. I follow pinciples and watch the 40 year results.I believe CPNG is going to be around. The week of March 15-19, 2021 is a tiny blip on the history screen of this company. Either way thanks for responding.
That's why you never answer a call from the boiler room. The boiler room boys do peddle. Bom Kim had been peddling sound business acumen since 2010 as the captain of this ship. I accepted Bom Kim's offer. Your buddies in the boiler room are laughing. Who you gonna listen to. Will Hunting is asking you "DO YOU LIKE APPLES?
Interesting question. My contacts to remain unnamed are telling me that almost 25% of the outstanding shares of this company are owned by institutional investors. Why would an institutional investor be paying attention? According to a recent chart the answer has a 73.4% chance of being rhetorical.
I like to compare ideas and share thoughts. I dont get offended and this is not a whizzing contest. A LOT has changed in 40 years, we have the newer generation taking the reigns and the Buffetts and Mungers are dying out. Back in those days, most used the 60/40 rule but as the 40 has all but died we must find other alternatives to balance the books. I for one have never been a ALL IN type, when the sectors rotate and our positions fall, we become trapped and must wait for the rebound. I currently hold mostly cash with 3 positions. I can simply do my nickel and dime trading and pay the freight. CPNG in my opinion has longterm potential as I stated. Instead of jumping in on day 1 I prefer to see how the market reacts and see how the unlocked shares are fed into the float. So far, it has been in a clear downtrend and patience has paid off for the hawks. Early this morning we had a sizeable buy that put pressure to the upside. As we see the market didnt see it significantly important and its slowly trying to ease its way back down. Obviously those that bought in early are in the red, personally I prefer to get more shares for the same money. That's were you and I differ.
Please remember I have been an unemployed comedian since 1974. My wife says she has heard all my jokes at least 100 times. Ahh the amount of shares you or I might have would only be known if we compared balance sheets. Where you and I may differ is that for me the early bird that arrived in 2010 at the start are all dead. It is sound a sound business model that will allow this company to flourish. "In my OPINION". So you seem to be able to think your own thoughts. If Stockaholics had invited me in October of 2010. I would have suggested OZON which is a cousin of CNPQ. Honest question, I am assuming you would use the same criteria in deciding about OZON. Serious question.
This one held its own today. Still has a lot of ground to recover to recoup the losses the early birds have suffered. In all fairness the markets were bloody red today.
I think anybody who puts money into any purchase of a position should be willing to ride out any storm. For me one of the reasons I bought this was it already had been up and running for 10 years. The sparrows from 2010 who planted seed money are probably road kill or dead ducks. Obviously I am in a position to wait, eventually this company will last.
Very true, some buy at any price, the value investor patiently waits for his target price. Those that bought at. 60 dollars are down approximately 25% . Those that bought today are ahead of the pack. That 25% drop will need to see a big jump just to be even at the entry price, the newer buyers will be deep in the green. BILL AIKMAN was one of the early investors, I read a lot about him. The whizzing contest between him and ICAHN with the herbalife bet was very profitable for CARL and anyone that played along.
So everybody would like to buy at as low as possible. I bought both OZON and CPNG at the same time possible. To me they are both e-commerce and Amazon spinoffs. Ponder this, what is cool is that your philosophy can and probably has worked for you. For me I probably couldn't explain correctly what a value investor is. OZON and CPNG are hooked up to my retirement train which is driven by Jeff Bezos. So how do you figure out a target price? Yesterday I bought APH. What I know is I am able to keep them hitched as part of my 40 year train ride for 5 years. Due to asset allocation they can not derail. I really thank you for your response. Remember Yogi Berra once said you you can score four runs if the other pitcher throws 28 straight balls. Or you can load em up and watch the Mick hit one into the second deck.
