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Old 06-27-2016, 11:23 AM  
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Old 05-03-2019, 04:57 PM   #2806
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Old 05-03-2019, 05:01 PM   #2807
Hog's Gone Fishin Hog's Gone Fishin is offline
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Buy MGM Resorts International.
Why?
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Old 05-03-2019, 05:11 PM   #2808
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Old 05-05-2019, 03:12 PM   #2809
Hammock Parties Hammock Parties is online now
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Old 05-07-2019, 02:51 PM   #2810
Hog's Gone Fishin Hog's Gone Fishin is offline
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I bought a shitload of KBLB years ago at.02.. Sold it at .04 bought it back at .06 sold it at .04 . so I made some then lost some. I'm too ****ing impatient.

I thought they had a great product and I got in at the beginning. They cross silkworms with spider dna and make a super strong spider silk that the military is using for ballistic vests. Stronger than Kevlar. I talked my brother into buying 100,000 shares. He's a military guy so he said hell yeah. Well he owns those shares still and I have none.

Today it closed at .2499

I had like 500,000 shares at one time. ****!
MOTHER **** SON OF A GOD DAMN BITCH!!!!!!!! .34 NOW

i'D HAVE $170,000
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Old 05-09-2019, 09:33 AM   #2811
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Old 05-09-2019, 09:34 AM   #2812
Hog's Gone Fishin Hog's Gone Fishin is offline
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Old 05-09-2019, 09:34 AM   #2813
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I hope Trump figures a deal out with China tomorrow. What a damn brutal day
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Old 05-09-2019, 09:41 AM   #2814
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I’m worried that China is going to retaliate tomorrow and **** the market
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Old 05-09-2019, 09:45 AM   #2815
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It's too early to dump it. Long-term play, at least until the Chinese market turns.

I don't see the logic here. Let's say your stock in the company is worth -- whatever - $1,000 today. It is utterly irrelevant how much you spent to GET that stock. That is where you are today.

Your choices are:

1. sell, lock in the loss (which can be used to offset taxable gains elsewhere), invest in something else, or

2. hold, waiting for...something. The stock to recover so you take no loss I guess. Or less of one.

Would you be better off a year from now, or ten, if you sold today, took the loss, had the tax write off, and invested in teh S&P 500 or whatever, or continued to hold this dog of a stock? The answer is likely clear. If your stock is down, whatever, 50%, then you don't need it to go up 50%, you need it to go up 100% to get back to even. What are the chances of that? Yeah, likely not good. If the odds were good it was going to go up 100%, then it's a strong buy for EVERYONE, not just a hold for you. But are people buying? Apparently not.


This is nothing more than the Disposition Effect in action.

https://en.wikipedia.org/wiki/Disposition_effect
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Old 05-09-2019, 10:33 AM   #2816
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Boeing currently at $371. I just put in a limit order to buy a small amount if the price gets to $350 or less. Will probably never execute, which is fine.

Guess what order just got filled at $347.94? We'll see if it takes off, or if I got a small discount on a stock on an extended spiral heading into a crash landing...
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Old 05-09-2019, 10:45 AM   #2817
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I hope Trump figures a deal out with China tomorrow. What a damn brutal day
No shit. And I just watch the grain markets.
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Old 05-09-2019, 12:12 PM   #2818
Hog's Gone Fishin Hog's Gone Fishin is offline
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Originally Posted by Amnorix View Post
I don't see the logic here. Let's say your stock in the company is worth -- whatever - $1,000 today. It is utterly irrelevant how much you spent to GET that stock. That is where you are today.

Your choices are:

1. sell, lock in the loss (which can be used to offset taxable gains elsewhere), invest in something else, or

2. hold, waiting for...something. The stock to recover so you take no loss I guess. Or less of one.

Would you be better off a year from now, or ten, if you sold today, took the loss, had the tax write off, and invested in teh S&P 500 or whatever, or continued to hold this dog of a stock? The answer is likely clear. If your stock is down, whatever, 50%, then you don't need it to go up 50%, you need it to go up 100% to get back to even. What are the chances of that? Yeah, likely not good. If the odds were good it was going to go up 100%, then it's a strong buy for EVERYONE, not just a hold for you. But are people buying? Apparently not.


This is nothing more than the Disposition Effect in action.

https://en.wikipedia.org/wiki/Disposition_effect
I thought this too with KBLB. Lost out on $170K. I should have held. What is it Warren Buffett says. The stock market is a means to take money from the impatient and give to the patient. Err somethin like that.
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Old 05-09-2019, 06:18 PM   #2819
displacedinMN displacedinMN is online now
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No shit. And I just watch the grain markets.
No kidding. Cash rent will be lower again next year.

Less for kid in college
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Old 05-10-2019, 07:07 AM   #2820
Hog's Gone Fishin Hog's Gone Fishin is offline
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Anybody buying UBER this morning. IPO opening at $45
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