The Smelloscope & The Funkometer

Discussion in 'Investing' started by TheSmelloscope, Nov 23, 2019.

  1. TomB16

    TomB16 Well-Known Member

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    This.
     
  2. shaw520

    shaw520 Member

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    @WXYZ,... I did the same thing in the late 90's,... I rode those .NET stocks up to a fair profit,... I did lose about 30% in the crash,..but Ive learned from that mistake,.... now I never leave more than a couple thousand in the volatile stocks,..my profits are funneled into my blue chip Mutuals or my Roth where they are much safer but that's not to say. that the mutuals are completely safe either,...ALL stocks are subject to a fall in a major crash.
     
  3. TheSmelloscope

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    @WXYZ & @shaw520 , thank you both for sharing your experiences and strategies with momentum and day trading. I don't think I'll ever use it as a primary strategy, for my situation it's too risky, and I don't think I have the time or knowledge to be successful. But I have been considering setting aside $50 to use for fun (and scientific!) purposes. The idea would be to take the $50 and try to make at least one trade every two months until either I drop to $0 or make it up to $100. Considering my level of knowledge, it's not a wise idea, but it could be fun and I'd probably learn a bunch along the way.

    In other news, I've done some serious sniffing these past few weeks and have more thoughts to share about some specific industries and stocks. In the coming days/weeks I'll be posting Funkometer scores for:
    • Large-Cap Industrial Conglomerates
    • Small & Medium Cap Chemical Companies
    • Medium & Large Cap Entertainment Companies
    • Small & Medium Cap Online Retailers
    • Large Cap Financial/IT Companies
    • Small, Medium, and Large Cap Software-as-a-Service Companies

    I've chosen these industries based on my current holdings and based on some particular companies that I've been interested in. However, I'd like to expand my knowledge of different sectors and industries, so...

    What industries are you most interested in right now?

    Are there any sub-sectors that you find to be particularly exciting at the moment?
     
  4. shaw520

    shaw520 Member

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    Most of my movers are in the Pharmaceuticals and Health care.
     
  5. TheSmelloscope

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    I'm not as familiar with the Pharm and Health industries. I'm looking for a good place to start, are there any companies that you find particularly interesting at the moment?
     
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  6. shaw520

    shaw520 Member

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    Here are (2) that I added to my portfolio two days ago, $GRBK and $CDE,.... GRBK is in the real estate and building sector,... and CDE is into gold and silver mining. Both stocks held up real well during this little pull back,...in fact CDE is up about 2% on the 2 day pull back
     
  7. TheSmelloscope

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    Thanks @shaw520 , I got burned pretty bad on a gold-mining stock a few years back and have been hesitant to re-enter that industry. It was a pretty terrible situation, some of the minors that worked for the company I was holding died while on the job, and within about a year the whole company went bust. It was a sad and unfortunate way to learn an investing lesson. Ever since then, employee safety and human rights are things that I consider much more carefully before investing.

    Anyhow, not trying to be a downer, just sharing my thoughts. Best of luck with CDE and GRBK!
     
  8. TomB16

    TomB16 Well-Known Member

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    I consider mining to be the most risky and one of the most shady industrial sectors. It often holds a lot of promise but very rarely delivers.
     
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  9. shaw520

    shaw520 Member

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  10. TomB16

    TomB16 Well-Known Member

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    Gentlemen, I wish to clarify post #28.

    Whatever you analyze and decide to buy, there will be people lined up to crap on it. Let's face it, this goes for anything you do in life. People will generally tell you, "Do what I do. It's the smartest thing."

    If you want to succeed, you have to think for yourself. That means going against the advice of others.

    I think it would be reasonable to interpret my post, #28, to be "throwing shade". It was not meant to be. I don't know this company and I haven't analyzed it. Also, Shaw, I hope you make out well. If you've done your home work, there is a good chance you will do.

    I won't go as far as to retract the comment because I believe it's valid.

    Ten years ago, I bought heavy into REITs when REITs were considered pieces of garbage. Everyone hated REITs, back in the day. Every REIT article was negative. The business was valued at half of the real assets, at the time. Half price commercial real estate? I'm in! I put a huge portion of our net worth into a couple of REITs that I knew would do well if they tended to their business competently.
     
    #30 TomB16, Dec 13, 2019
    Last edited: Dec 13, 2019
  11. shaw520

    shaw520 Member

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    After holding CDE for a couple of weeks it was easy to see a pattern,...stock would jump way up early in the morning,.. and then slowly creep back to its opening point by closing,... so I took advantage of the obvious patterning and cashed out at a 25% gain.
     
  12. WXYZ

    WXYZ Well-Known Member

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    Good job Shaw. That is the GOAL for us all....making money. Some of us do it over the long term others do what they do. I wish EVERYONE SUCCESS. If what you do works for you, keep doing it over and over and over.

    Too many people.....especially men....get all defensive, or competitive, or wound up about everyone needing to do what they do and take their view as the correct view. I have learned that in investing there is NO ONE WAY to do anything. I dont buy any of the ZERO SUM crap. When someone else is successful it is NOT a challenge or in any way an influence on me and how I do. The competitive male ego is a big issue in successful investing. Along with social pressure and following the crowd. FORTUNATELY for me, I have never been subject to that sort of "stuff" over my life. I dont claim any credit, it is simply my genetic personality.
     
    #32 WXYZ, Dec 13, 2019
    Last edited: Dec 13, 2019
  13. shaw520

    shaw520 Member

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    oooff,.. seems Ive touched a nerve somewhere,... so sorry,..please carry on with life as before my post ,...…...
     
  14. TomB16

    TomB16 Well-Known Member

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    Perhaps wxyz and I should try to act less gay.
     
  15. WXYZ

    WXYZ Well-Known Member

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    From my standpoint......just congratulating you for a nice observation, trade, and profit.

    As to my comment about men.......the research shows that men are much more aggressive and have certain common behaviors as investors that can be a negative influence. NOT connected to anything posted by SHAW.
     
    #35 WXYZ, Dec 13, 2019
    Last edited: Dec 13, 2019
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  16. TomB16

    TomB16 Well-Known Member

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    I feel like I expressed the identical idea but more succinctly. :D
     

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