Starsearcher80 wrote: West, truly, I hope you acheive your 100 bagger. I say that sincerely.
But here's the thing.
The market is made of MANY participants. True longs, shorts, traders, swing traders. ALL are valid strategies, given your time, knowledge and experience. I'm a trader. Always have been. I ride what moves, either up long or down short, in timeframes ranging from minutes to a few months. It's a very lucrative living if your'e good at it.
But here, on this board, there is apparently only room for one answer. Long forever, diamond hands, to the moon! And if you dare propose an alternate strategy, or worse, say something against the stock (regardless of whether you explain the timeframe you're working in), then the Clown Car goes into full defensive mode. ANYTHING but blind loyalty is heracy.
It is the complete imaturity of the Clown Car that I find disturbing. Truly, I shouldn't care as the market ultimately devours them. But in the mean time, petty me, I go after them and show how ridiculous they are. They of course, rally their inbred brethren, and attack (weak and obvious as it is), attempting to somehow reassure themselves that they and they alone are right. The truth in the market is, there are lots of rights. NOT one. LOTS.
So if you're long for the next 1000 years, great. That's your thing. But the line gets drawn when you attempt to say that is the ONLY valid strategy, and the ONLY thing that can be discussed or supported on this Board. This sentiment here isto an extreme, and it's unhealthy. Truly, you WANT to hear all opinions, in all timeframes, to further hone your own thoughts and beliefs. You WANT to be challenged, regularly on the merits of any and all strategies..
At one time this used to be a good board. Now, it is as sickly as it gets, basically hijacked (or so they want to think) by those who are blindly married to the stock and want to hear nothing but support of that marriage to be expressed. THAT is not healthy. Plain and simple, it's sick as it gets.
Enough said. I prefer intelligent discussion, for and against, in all timeframes, to further hone my own beliefs. I cheer for all to win in the market, whatever your personal strategy. But to those in the clown car, who criticize any fruitful discussion that doesn't blindly agree with your own, you offer nothing of value whatsoever and are ultimately food for the pros.
Clown car, this is not YOUR board. You are NOT the moderators. It is collectively OUR board; all of us, in all time frames, sharing ONLY the common motivation of a desire to make money. You want to be blindly supportive of something? Ok, then blindly support open discussion for and against on the merits of the strategy your propose. If your stategy changes, then say it, and say why. Then, and only then are you contributing anything of value.
Now, because they just can't help themselves (which only proves my point), watch the Clown Car come and attack this post. ;)
WestCoast78 wrote: A wise man once told me: Find the good story, and find it early. Enter a position and start accumulating. Monitor the management, monitor the progress. Be patient. And if it looks like its working, load up. I listened. This is true story, from a family friend who has made hundreds of millions of dollars in equities.
I " married " cgc 5 years ago. As Tim mentioned last week compounded that's 27X. Thats a nice 5 year return. But for me, and maybe some of the other Longs, the true magic of compounding hasn't even started yet. This has been, just a warm-up compounding.
Scraps, why are airlines and crusie lines going up? The stimulus package, is the likely scenario. I see you and the firms ( shorts) lifting the pressure on many sectors recently. There's only one reason you're here pumping airlines. I suspect it's to see if you can rope and some new retail easy money, before the next long short commences.
One thing I do hope, and something that you'll never understand the joys of, is this how many multiples us long as will be up in three years or five years from now. I don't know that I'm gonna get to post this one day, but I hope to have a post titled 'my first hundred bagger'. I give it 65% I get to make that post. We shall see if these dummies, the moronic Sands family, knows what they're doing. It is strange though, I have a pretty good track record of execution. Maybe make that 70% chance.
You keep hitting singles and bunts.
Chill out on bandwidth for a while would ya?