A lot of investors clicking like on their Facebook investment on the news of their fine Friday:
Ghost of Igloi wrote:
J. Hardy wrote:
Do you have data to support this? My understanding is that people have been doing quite well lately buying on the dip.
OK. Several posters have noted their buys recently so I will do an accounting for you in my free time.
^ Post from 4/5/2018, shortly after I posted my FB purchase. I’ll give Igy a little hand with his accounting and let him know that it currently sits at +28%.
Ghost of Igloi wrote:
seattle prattle wrote:
Congrats on your Facebook buy today. Before the close, I bought my shares back that i had sold months ago. Glad i did. Not so sure i want to hold them too long though.
Next up, Amazon.
Oh no. I opened up a Facebook account last month. I am a late adopter, so that is probably a short signal for FB.
From Jan 30th of this year, Lengthy discussion with Racket, Agip, Igy. Racket bought some, too. Up about 36%.
Igy, in that discussion, you went on to forecast that Amazon would be below 1000 this year. Note: Currently over 2,000.
Good job gentlemen. Hope it workouts for you longer term.
Actually Facebook has been a good way to contact my former student-athletes. So I can see why the stock has done well. That said, a very cyclical business. I would still say FB and AMZN will be cut in half by year end. Two of the most over owned stocks. So as long as the market is in Bull trend you’ll be fine, another 4th quarter 2018 and you will be crying.
Ghost of Igloi wrote:
Actually Facebook has been a good way to contact my former student-athletes. So I can see why the stock has done well. That said, a very cyclical business. I would still say FB and AMZN will be cut in half by year end. Two of the most over owned stocks. So as long as the market is in Bull trend you’ll be fine, another 4th quarter 2018 and you will be crying.
Music to my ears. Thanks, Igy.
Comfort in numbers when things are going up.....
Big Dog Investments wrote:
Ghost of Igloi wrote:
Actually Facebook has been a good way to contact my former student-athletes. So I can see why the stock has done well. That said, a very cyclical business. I would still say FB and AMZN will be cut in half by year end. Two of the most over owned stocks. So as long as the market is in Bull trend you’ll be fine, another 4th quarter 2018 and you will be crying.
Music to my ears. Thanks, Igy.
Looking for the seal of disapproval on Apple while you're at, how about it, what do you say?
-SP
seattle prattle wrote:
Ghost of Igloi wrote:
Oh no. I opened up a Facebook account last month. I am a late adopter, so that is probably a short signal for FB.
From Jan 30th of this year, Lengthy discussion with Racket, Agip, Igy. Racket bought some, too. Up about 36%.
Igy, in that discussion, you went on to forecast that Amazon would be below 1000 this year. Note: Currently over 2,000.
ALL of Igy's forecasts have been wrong. I think he pegged the Dow to be around 11,000 or lower now. For him to say that Amazon would be below 1000 when it is over 2000 is almost a good prediction Igy-wise. He has missed forecasts left and right big-time for the last 6 or 7 years. I am not sure ANY of his predictions have ever come true.
Ghost of Igloi wrote:
Big Dog Investments wrote:
I doubled my AAPL stake today. Have at me.
DGTD Contrarian Contrarian Indicator
+9.3%
Thanks again, Igy.
Sally Vix wrote:
seattle prattle wrote:
From Jan 30th of this year, Lengthy discussion with Racket, Agip, Igy. Racket bought some, too. Up about 36%.
Igy, in that discussion, you went on to forecast that Amazon would be below 1000 this year. Note: Currently over 2,000.
ALL of Igy's forecasts have been wrong. I think he pegged the Dow to be around 11,000 or lower now. For him to say that Amazon would be below 1000 when it is over 2000 is almost a good prediction Igy-wise. He has missed forecasts left and right big-time for the last 6 or 7 years. I am not sure ANY of his predictions have ever come true.
You were singing a different tune 4th quarter 2018. That’s OK. We’ll see if your double digit stock market returns are real. Oh that’s right, the last 20 years is 3.8% S&P 500 average annual return, and we are at record highs. Wait till the dump and Sally Vixx and other retail schleps like Big Dog, will be silent. Hope you’re still posting, that will be fun. Never mind I’ll just “regurgitate” your posts. Should be fun up to a point, then I’ll just assume you have suffered enough and let bygones be bygones.
Ghost of Igloi wrote:
Actually Facebook has been a good way to contact my former student-athletes. So I can see why the stock has done well. That said, a very cyclical business. I would still say FB and AMZN will be cut in half by year end. Two of the most over owned stocks. So as long as the market is in Bull trend you’ll be fine, another 4th quarter 2018 and you will be crying.
I don't think i will be crying. I know how to sell before taking much of a loss if i have to.
So, I will disclose the actual trades and you decide.
I bought Facebook in 2018 and sold it for a 6% loss in the fall when everything was tanking. Then i bought it all back in January of this year at a 8% discount from the price i had sold it at. So, i don't really think i would be crying if it goes back down.
Currently, I am up 36%, as I said.
Ghost of Igloi wrote:
Wait till the dump and Sally Vixx and other retail schleps like Big Dog, will be silent.
I don’t post a lot, but I have been very open about many of my stock purchases. Maybe you don’t like transparency and honesty.
You may also want to look up the word “schlep”.
OK. Good for you. No I just think you are going to get whacked, but have no reason to wish you anything bad.
seattle prattle wrote:
Ghost of Igloi wrote:
Actually Facebook has been a good way to contact my former student-athletes. So I can see why the stock has done well. That said, a very cyclical business. I would still say FB and AMZN will be cut in half by year end. Two of the most over owned stocks. So as long as the market is in Bull trend you’ll be fine, another 4th quarter 2018 and you will be crying.
I don't think i will be crying. I know how to sell before taking much of a loss if i have to.
So, I will disclose the actual trades and you decide.
I bought Facebook in 2018 and sold it for a 6% loss in the fall when everything was tanking. Then i bought it all back in January of this year at a 8% discount from the price i had sold it at. So, i don't really think i would be crying if it goes back down.
Currently, I am up 36%, as I said.
OK, of course I think this is the biggest stock market bubble ever, and if that view is correct you be in the hole again by year end. So I believe your opinion and Big Dog’s are just common in a bubble. Hey, it is just an opinion, and personally hope you do well.
The definition of a schlep is an unproductive person.
An example of a schlep is a person who never works.
Ghost of Igloi wrote:
seattle prattle wrote:
I don't think i will be crying. I know how to sell before taking much of a loss if i have to.
So, I will disclose the actual trades and you decide.
I bought Facebook in 2018 and sold it for a 6% loss in the fall when everything was tanking. Then i bought it all back in January of this year at a 8% discount from the price i had sold it at. So, i don't really think i would be crying if it goes back down.
Currently, I am up 36%, as I said.
OK, of course I think this is the biggest stock market bubble ever, and if that view is correct you be in the hole again by year end. So I believe your opinion and Big Dog’s are just common in a bubble. Hey, it is just an opinion, and personally hope you do well.
Personally, I've pulled back a little relative to where i was at the peak last fall. I plan to pull back more in the coming weeks. So unless my timing is just all wrong, i should be getting more defensive very soon. (Don't tell the market makers).
Ghost of Igloi wrote:
So I believe your opinion and Big Dog’s are just common in a bubble.
What opinion is that?
Oh, and here’s the actual definition of “schlep”. You’re welcome.
https://www.merriam-webster.com/dictionary/schlep