RE:RE:RE:RE:RE:RE:IPLike ive said "thats what makes a market". Not my style at all. Look i got ARHT right at every step. I think i have accomplished that feat about 4 times in my investment career. I am still sniffing around this one and the recent pop to 30 is meaningless in the big picture.
I completely understand that some may think this tech could be the next big thing, and it may be, but it wont be ARHT blazing the trail. Microsoft, google whomever not ARHT. it will be an "add-on" to common tech like zoom or Teams but not a huge revenue generator. The revenue generator is Teams itself not 3D which will simply be the click of a button. It is my opinion that if this tech is the next "big play" it would have happened already. ARHT could be taken out for what? approx 50-60 mill (peanuts) yet no takers even sniffing around,
They are lucky if they have revenue of what 1 - 2 million/qtr - thats a joke. With a vaccine around the corner the stock will lanquish at best.
I wonder if the source of your style was invested in Nortel, or General Electric or .......
Very curious about Q4 revenue and profit (if any).
Interesting read though and thanks for positing - but i could not disagree more, Does he not spend any money and enjoy life? Hard to do if you never sell
Thats what makes a market.
tannin wrote: Here are nine surprising things Jesse Livermore said regarding excessive trading:
1. “Money is made by sitting, not trading.”
2. “It takes time to make money.”
3. “It was never my thinking that made the big money for me, it always was sitting.”
4. “Nobody can catch all the fluctuations.”
5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”
6. “Buy right, sit tight.”
7. “Men who can both be right and sit tight are uncommon.”
8. “Don’t give me timing, give me time.”
and finally, the most important thing:
9. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”
Jesse was a trader but he knew the value of staying with positions and sometimes not trading at all. Once he began to follow tips from others or trade when he should have abstained, all of his progress had come undone, and with it, his sanity.
We are fortunate to be able to learn from his mistakes and to sidestep the errors that eventually cost him everything.