I did mention the financials carry risk. But JPM is a great stock that pays a dividend higher than a US 10 year bond. The turmoil creates buying opportunities for investors to pick up a great company on the cheap.
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Irv and MO and been very good to me.....המוסד
המוסד למודיעין ולתפקידים מיוחדים
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F and WHR have been very good to me....Comment -
You said the same thing months ago when these financials were trading 40%-50% higher than they are now.Originally posted by SBR_John
Why would anybody buy an sector of the market that has been consistently underperforming the broader market? That is absurd. If anything you should be shorting the financials as a hedge to your longs in other sectors.Comment -
Only if you have been shorting them since they are also down 40%-50% YTD.Originally posted by DutchComment -
Originally posted by jarvol
Or if you were smart enough to buy low in early Oct. (when others were busy starting threads about hoarding water and buying ammo) and sell after the run up in late Oct.Comment -
You seem to have the uncanny ability to buy shtibag stocks that have lost half their value over months at every absolute short term bottom and sell at every absolute short term top......Originally posted by Dutch
And for the record WHR set its 52 week low only 2 days ago.Comment -
Yeah I recognized a buying opp. in oct. and I yelled it from the roof top here at SBR, go back and look.Comment -
I assume you also shouted the selling opp. later in October so you didn't you ride them back to another bottom didn't you???Originally posted by Dutch
I am amused at peeps who think they can pick bottoms and top and make 10% instead of buying or shorting when key technicals are broken and/or fundamentals change and make 50% in a few months. Nobody can pick absolute tops and bottoms consistently.Comment -
Originally posted by jarvol
I never said anything about 52 week lows. I wait for a panic, I get in. Then wait for a bounce and get out.Comment -
The only panic in WHR was October 28th when it traded down 15% on about 3x normal volume and closed at $51.80. Its most recent high since then was $54.59 on November 11th. It closed at $49.06 yesterday.Originally posted by Dutch
Give it up.
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JPM down 2.5% today. Financials down 1.5% and once again continuing its long term performance of underperforming the broad market. But hey John says they are cheap so buy them.....
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Originally posted by jarvolI assume you also shouted the selling opp. later in October so you didn't you ride them back to another bottom didn't you???
I am amused at peeps who think they can pick bottoms and top and make 10% instead of buying or shorting when key technicals are broken and/or fundamentals change and make 50% in a few months. Nobody can pick absolute tops and bottoms consistently.
Yes I did.
9-22-11 - "..buying BAC after todays drop and then selling at $7 in a couple of weeks,.."
10-30-11 - "It's at $7.34 in after hrs today. Almost too easy. There was a 100% chance this stock was gonna bounce back to at least $7. Ford (F) was even better for me. Now wait for bad news from Euro banks, BAC will drop back to $6 and do it all over again."
I've never claimed to pick absolute tops and bottoms. I have no idea where you're getting this from or even bringing it into the conversation.
My exact words were "Wait for a panic, get. Then wait for a bounce and get out.
But you win Champ. I'm not gonna argue with you. I've had a pretty killer year so far. And I don't give a fuk if anyone here makes a penny.Comment -
Since this is a gambling forum, who here invests in pink sheet stocks?Comment -
So what and when was this panic event in WHR that you bought?Originally posted by Dutch
You claim you don't pick absolute tops and bottoms and WHR just set its absolute bottom 2 days ago....so exactly how did you make money owning it then?Comment -
You win Killer.
Fuking know it all.Comment -
The facts are the facts are the facts. It is the facts that win every time. You should introduce yourself to lemart5....Originally posted by DutchComment -
Jarvol I notice you state things incorrectly and then pretend they are facts. I've bought JPM under 30 twice in the last couple of months. Its a great company at a very attractive valuation.
Here is our exchange from a month ago btw
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Goog still a good buy and so is MA. AMZN is not doing much. YHOO at 11.40 looks nice. It was actually up .01 yesterday mid day.
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Old 08-09-11, 10:43 AM #37
jarvol
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SBR PRO
Joined: 09-13-10
Posts: 4,987
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Quote:
Originally Posted by SBR_John View Post
YHOO at 11.40 looks nice.
Just because it is "cheap" shouldn't mean it looks nice. Not only are most technicals in the shitter but their business model is what? Online news? Where is growth going to come from? Makes no sense for a buy and hold investor.
Quote:
Originally Posted by SBR_John View Post
Yahoo! Inc.
(NasdaqGS: YHOO )
Real Time 11.79 Up 0.70 (6.31%) 11:57AM EDT
jarvolNice move. This is not a goog or amzn but its not priced the same either. At Yhoo's valuation it deserves a look here. It will not be an AOL because it is a portal. Plus, as we saw when msft tried to buy them, they would fit nicely in with someone especially at the current valuation.
For someone who ridicules traders and preaches the old and outdated buy and hold methods......YHOO stock has been flat for 2 years and 1/3 the price it was a few years ago for a reason.
...just an fyi for your facts are the facts. LOLComment -
Just because it is "cheap" shouldn't mean it looks nice. Not only are most technicals in the shitter but their business model is what? Online news? Where is growth going to come from? Makes no sense for a buy and hold investor.
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What isn't true about that statement? YHOO has run up on buyout speculation rumors and buyout speculation rumors only. Doesn't change the fact its technicals and fundamentals are in the shitter and they have no long term strategy/business model. Advising buy and hold investors to buy shitbag stocks on the hopes that may get bought out is a failing strategy. You got lucky. Go get a cookie.Comment -
jarvol YHOO is up 35% since you said it was in "the shitter" and the market has declined. You need to throw that technical stuff in the garbage and focus on valuations.Comment -
I said its technicals were in the shitter. Please do not misquote me. What exactly are you valuing YHOO on? Its loss in market share? Its decrease in revenue? It is still down YTD and has lost half its value over the past 4 years and has severely underperformed the broader market. Thems the facts the facts.Originally posted by SBR_John
EVERYTHING in my statement was correct then and is still correct now. Stocks rumored to be bought out run up. You GOT LUCKY. Congrats. It made up for a fraction of those $10 BAC calls and financials that you encouraged people buy months ago that have since lost nearly half their value.Comment -
Love this sht most guys here grasping at straws; when they pull the right one for the week/month they bash others. 2011 stock market is uncharted territory those saying they "know" otherwise are fooling no one but themselves. (well maybe a few others here) imoComment -
but sbrjohn would never mislead us would he?Originally posted by excelComment -
Well saidOriginally posted by excelComment -
Yep, no one calls 100% right. It just seems to me you ignored the winners. The one stock I have been saying buy multiple times over a few years is MA. And unless I missed it I saw zippo comment from you. MA has developed a lofty valuation because the stock has tripled but relative to its powerful global earnings engine its still a great buy.
I guess my curiosity is I have mentioned probably 20 stocks with some huge winners in there and you have chosen to cherry pick a short term trade loser to rant on and then you chose to distort the price I said JPM is a good buy. Also, when I gave a great trade on yhoo then all of the sudden, according to you, I got "lucky". LOL. Human nature I reckon.Comment -
John does have some points about stocks out there that are great buys. After evaluating the price of the stock and the risks involved, there are plenty of stocks that are worth buying and investing.
That said, thee's no reason for John to lie. He wants us to make money in the stock so we can reload up on the sportsbook and lose those money so SBR gets their cut!
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What price did I distort about JPM????? It is at $30. Its 52 week low was $28 in Oct and its 52 week high was $48 in Feb. It has done nothing but nosedive for 9 months like all financials that you have been touting for the past several months on their "cheap valuation" which keeps getting cheaper.Originally posted by SBR_John
I told you congrats on YHOO. It still doesn't change the facts it is a broken company with no growth that has run up on buyout rumors and still hasn't gotten back to even on the year and has underperformed the broader market for years. But hey the title of the thread is dumpster diving so keep diving in the trash for expired cookies. You will get lucky again I'm sure.Comment -
I wasnt saying buy JPM 40% higher.Originally posted by jarvolYou said the same thing months ago when these financials were trading 40%-50% higher than they are now.
Why would anybody buy an sector of the market that has been consistently underperforming the broader market? That is absurd. If anything you should be shorting the financials as a hedge to your longs in other sectors.
And "why would anyone buy a sector that has been under performing???" You can't be serious. Why would anyone buy a sector over bought at their highs?
I buy over sold sectors if there is a great company within to invest in. Oils were clobbered down, online retailers like AMZN were under a 100 not long ago. I recommended scooping up both. But sometimes the bottom is further down than it appears. Stocks like AMR has a bottom of zero and its very over priced at .37.
For those following along, you will outperform narrow minded traders and the best mutuals if you identify truly great companies like MA, JPM, AMZN, GOOG and buy them when there is blood in the streets and guys like jarvol are saying sell. Don't sell them until you are 50 and rich and ready to retire.Comment -
Yeah buying BAC at $10 when you said to buy it a few months ago when there was blood in the streets wasn't a good move was it.Originally posted by SBR_John
JPM is one of the best financials but I sure wouldn't buy it when the financials underperform the market week after week, month after month. That is absurdity. The broad market was flat last month while these financials were down another 10-20%. There was blood in the streets on Nov. 1st as well.
AMZN is up about 10% on the year but I sure wouldn't buy an online retailer with a 100 P/E. Knock yourself out though. GOOG not even up 10% on the year. MA and V have both been good all year long.
Knock yourself out on your stock picks but it is irresponsible to tell people to buy financials for months on end when they have lost nearly half their value which is what you have done. Different stocks fall for different reasons. To say just blindly buy them when they drop is dumb and irresponsible unless you have 2 shows daily in Vegas and specialize in catching falling knives.Comment -
Its all relative, all you need to do is trade the dow
Market still has been flat
It is a swing traders dream not an investors dreamComment -
Looks like ground bear is back on the menu today. JPM up 1/2 dollar, MA up 4, I guess we will get lucky again.
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Recent Quotes
Portfolios
Recent Quotes Symbol Price Change % Chg Chart
YHOO
16.36 +0.13 +0.77% [YHOO]
AMZN
198.94 +1.81 +0.92% [AMZN]
JPM
32.75 +2.29 +7.52% [JPM]
cha chingComment -
Brought 271,000 RF shares at 3.69 looking to see if I can get the full $1 out of the trade.Comment -
lemart would you suggest that trade to your clients?Originally posted by lemart5Comment -
Yes I would use the 4.40 level as your top that's the level watching if it can break resistance today then I say theres another .50 to .75 cents of upside potential.It looks like it will make a triple top today if it can't break $4.40 then I will sell out of my position today and put the trade back on around the 3.90 level as it retraces. I may just hold out and collect the dividend take of half of the trade and add when it gets lower.Originally posted by sideloadedComment