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03-19-2017, 02:43 PM
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#101
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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 Quote:
Originally Posted by almost there
Someone had to do it. Never had the nerve in real life to short, So here we go.......  But now seems like a great time chart wise anyway...
Will be fun to watch either way........... |
Several times, I have told the story of the late Sir Templeton and the tech bubble in the late 90s. In early 2000, he was already retired and no longer managed any people's money but his own. He could not help it and shorted some tech stocks and dotcoms, and made $80M for himself. He waited until the market showed sign of breaking down before he made his move.
Julian Robertson who managed Tiger Fund also correctly predicted the tech bubble burst, but he was too early. By shunning all tech stocks and even shorted some, his fund trailed the S&P so badly that he had to close it and returned money to his investors. Immediately after his fund closure, the tech stocks imploded, and Robertson was vindicated, but it was too late for him and his investors.
I would want to be like Sir Templeton, not Robertson. So, I am still watching.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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03-19-2017, 03:17 PM
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#102
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,899
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Quote:
Originally Posted by Boho
I have to admit that this is turning out to be more difficult than I thought. ...
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Don't fret, there will also be a prize for the most excuses, and you took the lead early, and are bound to hold onto it!
-ERD50
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03-19-2017, 05:25 PM
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#103
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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When Gilead buys Juno, you guys are going to be left in the dust.
We are talking two comma club for Fermion's portfolio.
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03-19-2017, 06:07 PM
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#104
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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I will be happy for you, Fermion, if you make the same play on Juno with your real money.
As for me, it may make me sad as I have a bit of Gilead, and the acquirer stock more often goes down than up.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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03-19-2017, 06:25 PM
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#105
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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Quote:
Originally Posted by NW-Bound
I will be happy for you, Fermion, if you make the same play on Juno with your real money.
As for me, it may make me sad as I have a bit of Gilead, and the acquirer stock more often goes down than up.
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No, I don't own any Juno. Celgene owns 10% which might complicate things, but then again, Celgene had the confidence to invest 1B for 10% when the whole company now trades for $2.4B
Everyone thinks Gilead is going to buy INCY. I think they will go somewhat smaller, something like Juno.
But it is a crapshoot at best.
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03-20-2017, 05:49 AM
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#106
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Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: St. Louis
Posts: 2,179
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Quote:
Originally Posted by NW-Bound
As for me, it may make me sad as I have a bit of Gilead, and the acquirer stock more often goes down than up.
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I was quite sad as I saw GILD race up to over 100 after I bought it in the low 70s, only to see it slowly make its way back down to the upper 60s. I bailed when it eeked out a small profit a few months ago in disgust. Good luck!
__________________
Dryer sheets Schmyer sheets
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03-20-2017, 06:58 AM
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#107
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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That's me right now; I'm relaxing and just watching because an average result will be good enough for me.
Passive indexing is to investing as Buddhism is to religion.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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03-20-2017, 07:28 AM
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#108
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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Quote:
Originally Posted by Boho
I have to admit that this is turning out to be more difficult than I thought.
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Boho,
Maybe this picture more reflects what you are really feeling?
Remember you have to consistently beat the index to make the time and effort worthwhile for your portfolio.
Otherwise, be like Nun and just follow the index. 
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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03-20-2017, 08:03 AM
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#109
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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Boho, what about this one?
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03-20-2017, 08:06 AM
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#110
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Thinks s/he gets paid by the post
Join Date: Sep 2008
Posts: 1,011
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Somehow I am Trader "M"....... And am un able to edit profile?
7787 shares @ 12.84 of TECS For the win!
Direxion Daily Technology Bear 3X ETF (TECS)
Provided for pure entertainment.
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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03-20-2017, 08:47 AM
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#111
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,362
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Maybe ...
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03-20-2017, 08:49 AM
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#112
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Thinks s/he gets paid by the post
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
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Quote:
Originally Posted by almost there
Somehow I am Trader "M"....... And am un able to edit profile?
7787 shares @ 12.84 of TECS For the win!
Direxion Daily Technology Bear 3X ETF (TECS)
Provided for pure entertainment.
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I'm Jeff, and every time I try to edit my portfolio it takes me to a page of code that doesn't work.
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03-20-2017, 08:50 AM
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#113
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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I have decided I have been drafting off you guys for long enough and am going to retake the leader board this week (market willing).
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03-20-2017, 10:40 AM
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#114
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Thinks s/he gets paid by the post
Join Date: Feb 2017
Posts: 1,844
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Quote:
Originally Posted by exnavynuke
I'm Jeff, and every time I try to edit my portfolio it takes me to a page of code that doesn't work.
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I just traded successfully. What page shows the code? It should be http://www.simvest.com/trading/trade.php
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03-20-2017, 01:39 PM
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#115
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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Quote:
Originally Posted by exnavynuke
I'm Jeff, and every time I try to edit my portfolio it takes me to a page of code that doesn't work.
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Quote:
Originally Posted by Boho
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I think exnavynuke is talking about trying to change is user name from Jeff to exnavynuke on the contest.
Clicking on "my profile" then "edit my profile" leads to the error. I think
exnavynuke might have to try and contact the website. Or stay as "Jeff" for the contest .
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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03-20-2017, 01:56 PM
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#116
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Full time employment: Posting here.
Join Date: Mar 2008
Posts: 979
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I'd like to think my reign was brief, but tyrannical.
__________________
I'm free and I like it!
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03-21-2017, 04:10 AM
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#117
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Recycles dryer sheets
Join Date: Jul 2012
Posts: 407
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Sounds fun! I've just created an account and placed my first orders. Expect me to burn through those 100K real quick - I'm a terrible stock picker.
Also not a big fan of the contest rules - why the 5$ minimum stock price and the limitation to those markets only? I wanted to bet half on SDRL and short some German energy companies with the rest.
__________________
I am willing to perform services in exchange for currency. For now.
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03-21-2017, 04:36 AM
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#118
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Thinks s/he gets paid by the post
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
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Quote:
Originally Posted by easysurfer
I think exnavynuke is talking about trying to change is user name from Jeff to exnavynuke on the contest.
Clicking on "my profile" then "edit my profile" leads to the error. I think
exnavynuke might have to try and contact the website. Or stay as "Jeff" for the contest . |
Correct. The "edit my profile" link ( How Market Works - Stock Market Forums and Simulators) goes to an error screen. Leaving it as "jeff" isn't going to hurt my feelings any though, and I think trying to get the website to change it would be more trouble than it's worth.
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03-21-2017, 06:42 AM
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#119
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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Quote:
Originally Posted by exnavynuke
Correct. The "edit my profile" link ( How Market Works - Stock Market Forums and Simulators) goes to an error screen. Leaving it as "jeff" isn't going to hurt my feelings any though, and I think trying to get the website to change it would be more trouble than it's worth. |
Sounds like a good idea "Jeff".
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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03-21-2017, 10:47 AM
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#120
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Recycles dryer sheets
Join Date: Feb 2016
Location: Near Sacramento
Posts: 488
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I am just enjoying watching from the sidelines. Surprised no one went all in on Snap. :O)
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