the 2009 Stock Picking Challenge is up!
Lubow
Our participants are:
Buffetthater
Jerry
704Set
TrailerTrash
Comics
Don Tiberone
Lubow
Ron P
shortT
2Penny
Bill Hartwick
Jacques
Ben Sharvy
ausound
DirtBag
The Visitor
G. Morgan
Keith C
We will start the 2010 challenge on Dec 31, 2009.
The Visitor
http://www.freewebs.com/misgame/
Looking forward to more fun in 2010!
John
"Lubow" <dynami...@hotmail.com> wrote in message
news:21da92ca-5d67-41ff...@j24g2000yqa.googlegroups.com...
Lubow
wrote:
> Looking forward to more fun in 2010!
>
> John
>
>
> news:21da92ca-5d67-41ff...@j24g2000yqa.googlegroups.com...
>
> > The 2009 Stock Market Challenge website is back up.
>
> > Our participants are:
>
> > Buffetthater
> > Jerry
> > 704Set
> > TrailerTrash
> > Comics
> > Don Tiberone
> > Lubow
> > Ron P
> > shortT
> > 2Penny
> > Bill Hartwick
> > Jacques
> > Ben Sharvy
> > ausound
> > DirtBag
> > The Visitor
> > G. Morgan
> > Keith C
>
> > We will start the 2010 challenge on Dec 31, 2009.
>
>
Definitely the year of the gold miner and youse guys with the inside
track to the mining business!
Things are at the stage where we can expect a Harry Browne clone to
emerge from the dead and write another doom and gloom book.
For the young whippersnappers, Browne wrote a couple of books in the
early 1970s focusing on buying gold, silver and Swiss bank accounts.
The most controversial bit of advice was to buy a stake of land up in
the North Woods (like the Unabomber did) as your escape for the blood
in the streets caused by runaway inflation, due to the "guns and
butter" economy during the Vietnam War.
As for me, I just kept in mind all those pundits on the Canadian
business news network channel bnn.ca who kept repeating that gold
needs to be around $1700 for the miners to make any money.
The Visitor
As for me, I just kept in mind all those pundits on the Canadian
business news network channel bnn.ca who kept repeating that gold
needs to be around $1700 for the miners to make any money.
====================
They said that??? That mine should be closed down.
Maybe perhaps they were shorting some gold stocks at the time?
I am thinking Osisko will have a very low cost per ounce, mainly because
they are an open pit operation. This is their Malartic gig comming online. I
would like to buy more of it, but am waiting for a dip. The time was I would
buy under 7, now I don't think I will have that luxury before startup. Funny
when you are staring good buys right in the face, you (well me) hold back
too much.
Gold producers will be in my 2010 lineup. Just wondering if it is time for
natural gas?
And I still own Timinco. It is killing me in real life as well as the
contest. Ugh!!!
Blash
> I
> would like to buy more of it, but am waiting for a dip. The time was I would
> buy under 7, now I don't think I will have that luxury before startup. Funny
> when you are staring good buys right in the face, you (well me) hold back
> too much.
Maybe you can explain this,,,,,,You find a stock which you think will
appreciate in price but you won't buy it unless it goes down first.....
i.e. a stock is selling at $10 and you feel it will go to $15.......
Instead of buying it at at $10, you enter a buy order @ $9.50.......
If your thinking was correct and it goes from $10 to $15, you blew a $5
profit because you think a stock should go down to allow you to buy it
before it does what you expected and goes to $15.......
Was saving $0.50 that important???
I can understand it if you're a day-trader(90-95% of them lose money),
BUT if you're an investor, think about Risk/Reward.......
-=DirtBag©
Though few of us will admit to it Are you suggesting we're in
actuality's simply gambling? That would subtly suggest a problem..
I'd bet on it. <lol>
-DB
Blash
What proportion of the posters in MIS do you think have accrued the majority
their Net Worth or currently earn their annual income by trading and/or
investing???
That should answer your question......
-=DirtBag©
I would guess some are and have been behind since around 911..
ausound
$742e...@news.sonic.net:
>
>> I can understand it if you're a day-trader(90-95% of them lose money),
>
> Though few of us will admit to it Are you suggesting we're in
> actuality's simply gambling? That would subtly suggest a problem..
>
> I'd bet on it. <lol>
>
> -DB
I do not have a gambling problem
I'd lay 6 to 5 odds that I don't
The Visitor
"-=DirtBag�" <w...@gmail.com> wrote in message
news:4b2ecc9a$0$1995$742e...@news.sonic.net...
Are you suggesting we're in
> actuality's simply gambling? That would subtly suggest a problem..
=============
There will always be this comparison. It is jokingly call it "The Online
Casino".
There are big differences though. You can lose a "bet " but not lose all of
what you "bet".
You can choose where you put your money, through research. Your odds in a
casino are always the same.
Watching and waiting, you can take advantage of various forces that move
stock prices.
You can calculate when a stock is too cheap and you should buy. And when you
should sell.
In a casino you have your fixed odds of maybe 1.41 to one and that is it.
Blind luck may sustain you for a little bit, the the odds are the same and
therefore will catch up to you.
The danger comes when a person is investing and treating it like a "bet".
Investing just to get some action.
It always has to be a calculated decision and done with discipline. Entry
points are crucial. With a win limit too, time to sell out. Portion sizing,
keep your investments small enough so you can average down and get out level
should things go wrong. You have to be able to wait it out, never use
borrowed money. Hang on to your cash, it is what fills your toolbox in this
trade. Learn how the company is managed.Don't invest in something you don't
understand. (Doesn't WB say that too?) This is a real job, if you want to
get ahead, treat it like that. Never risk anything you can't afford to lose,
financially or psycholgically. Remember you don't make any money unless you
sell, so don't fall in love with the stock.
There are parallels, just know where the lines are and don't step over.
And most important, if it isn't working out for you, stop doing it!!!!
Anybody have any positive examples or role models?
John
The Visitor
"all those pundits around "
========
Yeah, pundits. They say something is now rated a buy.
Why not three or four months ago when it was down 35 percent?
When I buy, I always wonder "whom" am I buying from?
Blash
>
> "Lubow" <dynami...@hotmail.com> wrote in message
> news:56a20891-be02-44e9-bd6c-
>
> "all those pundits around "
> ========
>
>
> Yeah, pundits. They say something is now rated a buy.
> Why not three or four months ago when it was down 35 percent?
>
The cab driver just told them about it last night.........
>
> When I buy, I always wonder "whom" am I buying from?
>
......and when you sell you " always wonder "who is buying my stock and what
do they know?
Ron Peterson
> The 2009 Stock MarketChallengewebsite is back up.
> We will start the 2010challengeon Dec 31, 2009.
When can we send in our picks?
--
Ron
Lubow
just email them to misgame08 <at> hotmail.com.
Same rules as last year. Now that I cured Reid of vexatious
litigation, I thought I would have time to research the dividends.
However, a huge project has come through that will keep me occupied
for at least a year.
For this reason I need all participants to email me their dividends
per share with the payment date (not the ex-date) as I do not have
much time to go through each stock looking for dividends and payout
dates.
Are MISers good stock pickers? Well, 13 of the 19 participants beat
the S&P 500, so yeah, we rock!
shortT
Congratulations to the winner and the people on the top.
Many thanks to Lubow for his time and expertise in running the game.
Happy New Year to all.
shortT