patrick.net
An Antidote to Corporate Media
1,364,171 comments by 15,735 users - Al_Sharpton_for_President, declarethecauses online now
Comments 1 - 17 of 21 Next » Last » Search these comments
1
Automan Empire
@
2018 Aug 30, 7:42pm
Automan Empire
@
2018 Aug 30, 7:42pm
WookieMan says
So no upside and all downside potential?
K sign me right up!
There will be a winner that gets nothing, frankly. The loser though is either blocked for a month
So no upside and all downside potential?
K sign me right up!
2
WookieMan
@
2018 Aug 30, 7:56pm
WookieMan
@
2018 Aug 30, 7:56pm
Automan Empire says
It’s a random forum. Not sure what upside you could expect. Just a fun game. You don’t have to play.
WookieMan says
There will be a winner that gets nothing, frankly. The loser though is either blocked for a month
So no upside and all downside potential?
K sign me right up!
It’s a random forum. Not sure what upside you could expect. Just a fun game. You don’t have to play.
3
MrMagic
@
2018 Aug 30, 9:34pm
MrMagic
@
2018 Aug 30, 9:34pm
Aphroman says
Exactly!!
That $91 he made on his 100 shares he bought will allow him to retire 10 years earlier.
WINNING!!!
Close Thread.
Wookie you bought a stock Wednesday morning for 3.17 that closed at 4.08 on Thursday.
30% in one day. Nobody will bother to try and beat that
Exactly!!
That $91 he made on his 100 shares he bought will allow him to retire 10 years earlier.
WINNING!!!
Close Thread.
4
Patrick
@
2018 Aug 30, 9:42pm
Patrick
@
2018 Aug 30, 9:42pm
WookieMan says
How about instead of blocking anyone, we simply list the rankings of the people who are playing.
It's enough reward and punishment right there.
The loser though is either blocked for a month
How about instead of blocking anyone, we simply list the rankings of the people who are playing.
It's enough reward and punishment right there.
6
WookieMan
@
2018 Aug 31, 4:35am
WookieMan
@
2018 Aug 31, 4:35am
Patrick says
I suppose you're right and goes against what you're trying to do here. Just hoping to get certain people that never make picks, but criticize others all the time about their picks to put something on the line. But yes, if 20 people do it, the bottom 5 aren't going to look very good.
BayArea says
I don't mind that idea, but at some point, most men (sorry to any PatNet women) will put money on an individual stock in their lives. The 5 pick idea is kind of what most people end up doing with their retirement funds and, well, that's no fun for this game. Not a bad idea though either. Maybe have everyone do both. One pick they think is going to the moon quick. And then the blended mix like you mention.
WookieMan saysThe loser though is either blocked for a month
How about instead of blocking anyone, we simply list the rankings of the people who are playing.
It's enough reward and punishment right there.
I suppose you're right and goes against what you're trying to do here. Just hoping to get certain people that never make picks, but criticize others all the time about their picks to put something on the line. But yes, if 20 people do it, the bottom 5 aren't going to look very good.
BayArea says
I propose a portfolio of 5 tickers (stock, etf, mutual fund)
I don't mind that idea, but at some point, most men (sorry to any PatNet women) will put money on an individual stock in their lives. The 5 pick idea is kind of what most people end up doing with their retirement funds and, well, that's no fun for this game. Not a bad idea though either. Maybe have everyone do both. One pick they think is going to the moon quick. And then the blended mix like you mention.
7
WookieMan
@
2018 Aug 31, 4:48am
WookieMan
@
2018 Aug 31, 4:48am
MrMagic says
Lol. 100 shares. If you think 100 shares is what I believe to be losable money, it's making more sense why you've never made a stock pick. You can put more then two zeros on a number FYI, which I did to give you some perspective.
I made more money in one day sitting on my ass then most humans on this planet do in a day, so I guess, that's, not winning? I'm also mid 30's, so yeah, compounding. This pick just bought my wife and I a $6-7k vacation when we're 50 after another 15-20 years of growth, with money that wasn't there on Monday. Lol. #losingIguess?
MrMagic says
Fortunately you don't get to decide this. I think I came up with a good, fun game we can all play on patnet. Just make a pick. Don't even have to put money into the market. There's nothing to lose. Hell, my pick could be the worst and I'd own it.
One thing I won't do is attack other users about their picks. I'd maybe ask a question as to why they made that pick and try to get some more insight into what people are thinking about the market.
That $91 he made on his 100 shares he bought will allow him to retire 10 years earlier.
Lol. 100 shares. If you think 100 shares is what I believe to be losable money, it's making more sense why you've never made a stock pick. You can put more then two zeros on a number FYI, which I did to give you some perspective.
I made more money in one day sitting on my ass then most humans on this planet do in a day, so I guess, that's, not winning? I'm also mid 30's, so yeah, compounding. This pick just bought my wife and I a $6-7k vacation when we're 50 after another 15-20 years of growth, with money that wasn't there on Monday. Lol. #losingIguess?
MrMagic says
Close Thread.
Fortunately you don't get to decide this. I think I came up with a good, fun game we can all play on patnet. Just make a pick. Don't even have to put money into the market. There's nothing to lose. Hell, my pick could be the worst and I'd own it.
One thing I won't do is attack other users about their picks. I'd maybe ask a question as to why they made that pick and try to get some more insight into what people are thinking about the market.
8
WookieMan
@
2018 Sep 2, 5:25pm
WookieMan
@
2018 Sep 2, 5:25pm
Aphroman says
Going to let it ride for now. I’ll probably sell initial investment if it doubles and just keep house money in it and see where it goes. Don’t have the time to actively trade and watch everyday. And if somehow it crashes, oh well. It’s happened before and I knew what I was getting into.
Thanks for the tip again.
CVSI UP snother 10%
Are you going to sell and lock in your profits, or ride it up to a double?
Going to let it ride for now. I’ll probably sell initial investment if it doubles and just keep house money in it and see where it goes. Don’t have the time to actively trade and watch everyday. And if somehow it crashes, oh well. It’s happened before and I knew what I was getting into.
Thanks for the tip again.
9
FortWayne
@
2018 Sep 2, 5:54pm
FortWayne
@
2018 Sep 2, 5:54pm
I want to play. Let’s share investment advice.
We all live once, if we make money, we all win.
We all live once, if we make money, we all win.
10
Patrick
@
2018 Sep 2, 6:50pm
Patrick
@
2018 Sep 2, 6:50pm
If I could easily get a feed of even daily closing prices (doesn't have to be real-time at all) then I could add some database fields for which users picked which stocks and how they are doing with that.
But where can you get that feed without paying for it? Scraping another site could get me in trouble.
But where can you get that feed without paying for it? Scraping another site could get me in trouble.
11
lostand confused
@
2018 Sep 3, 7:38am
lostand confused
@
2018 Sep 3, 7:38am
I am not a short term player. I used to be before the dot com crash , then lost all the spectacular gains I made and then some!
I got out a bit ago and have a ton of cash, bought two decent rentals and put some work in-cash flow properties-keep the mortgage for the tax break.
Market went up way more than I thought it would-but hey-my profits are locked in. 401k doing great. I think we are due a 20-30% correction , but lets see. At this time, I took a small positon in Ensco -an oil driller-it went down far more than I thought it would-holding on to it. But staying out for a while.
Still have soems tocks that I picked for yield/dividend and with massive appreciation and dividend increases doing great on those. Those I will simply hold- these I picked around the 2009-2011 period - Chase, Abbot (and its spinoff Abbvie) , Johnson and Johnson, Ford and American airlines. Most of these are in my non 401k account and so I don't want to sell as I would have to pay capital gains -both state and federal and at this point, already have surplus cash I don't know what to do with. Funny, I bought these as investment stocks and these are my biggest wealth generators-the ones I bought for investment/turnover-modest returns!
I got out a bit ago and have a ton of cash, bought two decent rentals and put some work in-cash flow properties-keep the mortgage for the tax break.
Market went up way more than I thought it would-but hey-my profits are locked in. 401k doing great. I think we are due a 20-30% correction , but lets see. At this time, I took a small positon in Ensco -an oil driller-it went down far more than I thought it would-holding on to it. But staying out for a while.
Still have soems tocks that I picked for yield/dividend and with massive appreciation and dividend increases doing great on those. Those I will simply hold- these I picked around the 2009-2011 period - Chase, Abbot (and its spinoff Abbvie) , Johnson and Johnson, Ford and American airlines. Most of these are in my non 401k account and so I don't want to sell as I would have to pay capital gains -both state and federal and at this point, already have surplus cash I don't know what to do with. Funny, I bought these as investment stocks and these are my biggest wealth generators-the ones I bought for investment/turnover-modest returns!
12
lostand confused
@
2018 Sep 3, 8:14am
lostand confused
@
2018 Sep 3, 8:14am
Just adding, AA was a risk pick, but due to massive appreciation I am keeping it as a long term. Following my post dotcom debacle, just careful, have long term picks vs short term. Short term-you win some, you lose some-you never know and with low margins, dififcult to recover. I think you have to know your nature, be disclipined, be nimble and quick and on your toes. I make modest gaisn and stick to profit goals. For me long term strategy has bene best. Especially dividend yileders.
Though one of my friends has bene in GE for ever and lost a ton of money-finally got out at 15. So every strategy has its risk-I guess if you know how it si going to turn out, everybody would be Warren Buffett. One or two stocks making geat gains and boasting about it is fun-but consistent over decades is difficult.
Even with my long term picks that I bought purely for yield/safety-I am relaly tempted tos ell, but just odn't know what to do-everything seems bloated right now.
Though one of my friends has bene in GE for ever and lost a ton of money-finally got out at 15. So every strategy has its risk-I guess if you know how it si going to turn out, everybody would be Warren Buffett. One or two stocks making geat gains and boasting about it is fun-but consistent over decades is difficult.
Even with my long term picks that I bought purely for yield/safety-I am relaly tempted tos ell, but just odn't know what to do-everything seems bloated right now.
14
Patrick
@
2018 Sep 3, 5:25pm
Patrick
@
2018 Sep 3, 5:25pm
lostand confused says
GM hasn't been as low as 15 for as long as I can see on Yahoo Finance (since 2010 at least).
It's currently at 36.
one of my friends has bene in GE for ever and lost a ton of money-finally got out at 15
GM hasn't been as low as 15 for as long as I can see on Yahoo Finance (since 2010 at least).
It's currently at 36.
15
WookieMan
@
2018 Sep 4, 8:54am
WookieMan
@
2018 Sep 4, 8:54am
lostand confused says
For sure. It's not a great strategy for long term wealth, but you can hit the grand slam once in a while.
I can't talk about users, but there is/are a couple users here that tend to bash a pick that other users here make. They'll wait until the stock has hit a bump in the road or crash and say that the pick was shit. Yet ignore certain time frames of massive gains, where the user that made the pick may have sold. It's garbage behavior. Not you, but some here need to make a pick or STFU commenting on threads where someone has made a pick.
Stock picks aren't all going to be winners like you said, but shitting on someone when they lose money is human garbage behavior. (again, not saying you're shitting on others for picks since I quoted you).
One or two stocks making geat gains and boasting about it is fun-but consistent over decades is difficult.
For sure. It's not a great strategy for long term wealth, but you can hit the grand slam once in a while.
I can't talk about users, but there is/are a couple users here that tend to bash a pick that other users here make. They'll wait until the stock has hit a bump in the road or crash and say that the pick was shit. Yet ignore certain time frames of massive gains, where the user that made the pick may have sold. It's garbage behavior. Not you, but some here need to make a pick or STFU commenting on threads where someone has made a pick.
Stock picks aren't all going to be winners like you said, but shitting on someone when they lose money is human garbage behavior. (again, not saying you're shitting on others for picks since I quoted you).
16
lostand confused
@
2018 Sep 4, 9:44am
lostand confused
@
2018 Sep 4, 9:44am
Patrick says
GE not GM :)
lostand confused saysone of my friends has bene in GE for ever and lost a ton of money-finally got out at 15
GM hasn't been as low as 15 for as long as I can see on Yahoo Finance (since 2010 at least).
It's currently at 36.
GE not GM :)
Comments 1 - 17 of 21 Next » Last » Search these comments
Now what's the deal and what I'm getting at. For simplicity sake, we're picking stocks for pure appreciation/growth. The time frame is short. 9/10, which is a Monday. So opening price that morning is your starting point. And the opening price Wed, Jan 2nd, 2019 is the end. So we're talking a couple of months.
There will be a winner that gets nothing, frankly. The loser though is either blocked for a month (if Patrick can do that or wants to) or they can have integrity and will ban themselves for a month. Picks are due by 9/10 opening bell.
Anyone game to play?