Wednesday - Pair of 5's Sir

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  • Pair of 5s Sir
    SBR MVP
    • 04-20-08
    • 4960

    #36
    Originally posted by ICE-BLOOD
    man, you come up with some nice dog plays.
    makes no sense to me
    i guess it shows anything can happen
    Disciplined contarian indicators, a proven strategy in the financial markets.
    Comment
    • BadBeatBodog
      SBR MVP
      • 06-05-08
      • 1006

      #37
      Another profitable day. Always nice to see you on a dog I like. Keep it going
      "Things happen for a reason, they say, but I say there's a reason things happen"

      "Not everybody talks, but everybody lies / Not everybody lives, but everybody dies"
      Comment
      • fifawcs
        SBR MVP
        • 05-14-07
        • 2888

        #38
        Contrarian indicators are not a proven strategy in the financial markets. If you short sell a stock that was just upgraded by goldman sachs, chances are you will lose money immediately afterwards.

        Contrarian indicators seem to work right now in baseball since it is such a crazy game. Tomorrow's contrarian play: A's +136
        Comment
        • Pair of 5s Sir
          SBR MVP
          • 04-20-08
          • 4960

          #39
          Originally posted by fifawcs
          Contrarian indicators are not a proven strategy in the financial markets. If you short sell a stock that was just upgraded by goldman sachs, chances are you will lose money immediately afterwards.

          Contrarian indicators seem to work right now in baseball since it is such a crazy game. Tomorrow's contrarian play: A's +136
          I would dispute your analysis relating to the financial markets. Contrarian strategies do not necessary translate into short sales. With all due respect, it sounds like your financial market experience is limited or misinformed.
          Comment
          • fifawcs
            SBR MVP
            • 05-14-07
            • 2888

            #40
            I'm not claiming to be an expert. I have been investing for about 4 years now. I have done pretty nicely for myself in that time and continue to learn as I gain more experience. The example I used was one that disproved what you said about being a contrarian. There are times to be a contrarian where you stand to gain a lot. but an overall contrarian strategy seems detrimental towards one's goals of turning a profit, even in capping bases. If you were a true contrarian, you would take every big dog on the board and you would lose as a result.

            I myself believe in being a contrarian in the financial markets. Since I am a value investor, I guess I am somewhat contrarian by nature. But it is by no means a proven strategy. There is no proven strategy.
            Comment
            • Pair of 5s Sir
              SBR MVP
              • 04-20-08
              • 4960

              #41
              Originally posted by fifawcs
              I'm not claiming to be an expert. I have been investing for about 4 years now. I have done pretty nicely for myself in that time and continue to learn as I gain more experience. The example I used was one that disproved what you said about being a contrarian. There are times to be a contrarian where you stand to gain a lot. but an overall contrarian strategy seems detrimental towards one's goals of turning a profit, even in capping bases. If you were a true contrarian, you would take every big dog on the board and you would lose as a result.

              I myself believe in being a contrarian in the financial markets. Since I am a value investor, I guess I am somewhat contrarian by nature. But it is by no means a proven strategy. There is no proven strategy.
              In any strategy, you develop a set of standards that result in an action or inaction. Through my bases analysis, you see that I clearly do not bet on every big dog. My criteria is either met or not met, thus resulting in a play or no play. As for the financial markets, there are even mutual funds that are developed with a contrarian investing style.

              Nevertheless, we are squabbling about nothing. I respect your opposing point of view, we share our bases selection for entertainment and monetary purposes, and have or at least for me, respect for those who participate in my threads within the bounds of good taste.
              Comment
              • fifawcs
                SBR MVP
                • 05-14-07
                • 2888

                #42
                I agree. I just get uneasy whenever someone uses the term "proven investment strategy." I realize you didn't mean anything by it and I do respect your plays.
                Comment
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