mbnken

Finally some action today... anyone else hoping for a strong correction? A little short term trading might be fun but looking to move some cash back in if this thing crashes far enough.

RV, Remember your comment about folks who buy and sell on the same day and the Casino comment? Then the comments again yesterday seemingly negative about frequent trading? You are right...you know nothing of investing. And if you don't make negative comments about how I or others invest or trade then I won't jump on your comments. So you carry on but be prepared for me to jump on your BS. Hey, I have one laptop. Must make me an expert right? How would you react if I starting posting stupid opinions and false information on the computers thread...and sometimes saying unless it is my way it must be wrong?

Sorry Jack, I did not mean any reference to you at all... just tried to pick a subject that not all subscribe to. Actually I think what you guys are doing is very positive. I certainly like larger rigs and the one you have is top shelf. The only way to play in that arena is with a HDT. Again my apologies.

MbnKen: "Your Tesla stock is doing fine...not great." I am not sure what you 'FINE not Great' is but at 28 percent which now is my return on Tesla. Sure I could sell it, but what would I buy that has a return of that much? I'm not saying it is bad to hold if it is part of an overall diversified portfolio. Based on my type of investing, I would have sold out 10 months ago when it was at the 38 peak. You could have bought it again on a dip since then without having your money tied up for nearly a year just to have it get back to where it is today. Yes it might go higher from this point...but who knows? I find that even solid companies are subject to forces out of their control or sometimes a financial or quality issue that shakes the confidence of investors. And I am certainly not gong to tell you what to buy instead. You will have to do your own research there...but there are some interesting choices out there if you trade. BTW, didn't you say some time ago that you took some profits off the table on this stock? If so.....smart thinking. Personally I do not care what someone does in investing or not. It is just an irritant when someone who obviously has no investing background (does not even know how to place a standing order to "buy a block of stock at $22.xx" missing the opportunity) who needs to judge others investing methods. Intolerance in my opinion. I never put down his style (or lack of it) in investing until he started putting down others. Then there's Chicken Little who spews constant doom and gloom on this board. An analogy... think about the subject of Heavy Duty Trucks. What if CL constantly wrote about all the negatives, dangers, and lack of intelligence behind having a HDT? I bet some folks would just say Shut Up. In my opinion, if you don't want an HDT (or want to invest or trade) fine... but don't disparage those who want to speak about the topic and share ideas...with a steady stream of one sided drivel.

This thread reminds me of the supposed RV experts.... "I have never understood the folks who think that they can trade and compete with the guys that have enough money to buy a million, and then sell it a few minutes later, and then buy it again a few minutes after that and not worry about the three day wait imposed on the rest of us" WTF are you talking about???? Do you know anything about investing? I can move in and out of stocks as often as I like as long as I have enough to back the purchase in brokerage or have set up a margin. I don't have to wait three days. Stick to what you know and don't put down investing or trading that others seem appropriate. I don't do all day trading. Some stocks and funds are held for several days to several weeks. I always follow a buy with a limit order and stop...sometimes raising both if the trend is positive. And yes, I have long term investments as well. Your Tesla stock is doing fine...not great. There are many more stocks that have better returns to date without the speculative risk. You might be fine but you might not... Why not take some profits and invest in something less risky unless you like Casino investing. And I don't think folks need someone like Hussman's old BS "To try to offset the excited exuberance". That guy had one lucky run hedging the 2000 run-up. His more recent handling (3 - 5 years in a row) of investors' money in his Strategic Growth has been dismal losses. There is not a positive comment on his fund performance on the message boards. Most of the investors / traders I speak with regularly are taking a cautious approach right now....not buying at the high and sitting on some cash to take advantage if there is a big dip. CL keeps referring to 2000 as the benchmark. Lots of folks invested well before 2000. Money put in the market in 1985, 1990, 1995 did just fine even with the corrections. Only fools sold during the dips. And some folks took advantage of or were lucky enough to be able to invest during the dips in 2002 and 2008. Their returns are pretty solid if they just held on.

We need a note from Chicken Little to bring you back to earth. Don't you know it is all ready to crash? Hussman is reportedly being featured on an upcoming episode of Doomsday Preppers... he is going underground. My money maker has been NFLX and I am smiling now too. On my third trading round with this in the last few years...

2012 turned out to be a very good year for investments and trading. Now it appears like we are off to a good start with overnight news. I am glad I did not bet against the market or sit on the sidelines. Cautious yes but not pessimistic. Hoping the other investors on here are smiling today.

Well you see that is the problem. Perhaps you have enough to live the rest of your time in the lifestyle you want. But perhaps others should continue growing their nest eggs so they can live comfortably or live a little beyond "frugal" if market returns are realized. And you are the "coach"??? spewing all the pessimism, quoting the losers like Hussman, and almost trying to convince others not to be in the market. Well you were wrong. In my opinion your coaching has been of little or negative value (if folks believed the hype). I am sure you are a nice guy. I am not. Who cares. The only thing that matters is your BS can possibly convince some that they should be sewing money into their mattresses like you. Why not stop being a coach? And maybe I won't jump on your BS. Hey, maybe I can earn a warning for this one.

Some of the sideline folks probably base their investment strategy on the "expert opinion" from guys like Hussman. His Strategic Growth Portfolio has been repeatedly designated as the worst of its peer group by Barrons. Hussman looks at the charts with such profound pessimism even when the world is seeing potential growth. Buying this loser fund in October 2011 netting about a 15% loss to date. Investing in the S&P 500 yielded over 20% with dividends and even more if you played the volatility. As I had posted on this forum, I cashed out profits in March - April when the market appeared high... then bought in again in May - July to ride the surge again. Recently I moved some back to bonds and cash ready for the next drop. Yes, I might miss some growth if the market decides to like the situation for end of year but I am more than satisfied with the growth for the year. Thankfully I did not sit around with my thumb up my .... reading and posting the pessimistic trash and getting scared away from the market.

Best luck to you whatever you decide. Hopefully it will be a nice run up for a successful company. Investing in these times is exciting... sure beats sitting around posting gloom and doom reports or being so pessimistic that you miss the opportunities. Go get 'em RV.

I am doing the same as Dan. Moved all our August - April market profits out of equities and a good chunk of other investments as well to cash/fixed. We will be averaging back in a little sooner than Dan. It is nice to be able to lock in the profits from the rise and to wait for some bargains. It was tempting today but will hold till lower for the long investments. I will still do some short term market trades to ride the volatility. This is an exciting time if you like to actively invest/trade.

Another great day in the market. I am glad that the volatility has returned rather than a stagnant level. Was able to buy and sell 4,000 shares in the last 5 days (2 cycles of down then up).

Made some good money today as my ETF positions sold. Yes, I could have held out for more but my knowledge of my own investing shortcomings makes me accept single hits instead of waiting for home runs. I have done pretty well doing this. I applaud all who give investing a try. RV, our styles are different but I am sure happy to see you making good moves and sticking with it. And I have no issues if others decide investing is not for them. It is just frustrating when those who don't want to invest due to fear, lack of knowledge, incorrect knowledge, etc, attempting to influence others not to try. I have no doubt that the economy is in trouble. However it does not mean you can't make money in these crazy times. Personally I would prefer to build a large and well diversified portfolio while I am able to prepare for bad times that may or may not come later. We have enough stashed away to live in almost any scenario And we will continue to try to grow the total as we "bank" our principal and a portion of annual profits. It sure beats getting sucked into the doom and gloom hype and not taking action.