LOL don't come at me with Pharma companies going up in one day. You sound like the people who went all in on RAD (Rite-Aid) and then woke up this morning in a world of hurt
Speaking of Pharma stocks, what are your thoughts on Gilead?
I like VRX too, but if anyone doesn't know the entire history of VRX and their fall, they shouldn't be investing in it. You have to know what you're getting into. Also a great company to learn why to use EV/EBITDA versus P/E ratio, which was a very important lesson for me. It's also a good example of risk/reward wagering - nobody who understands risk will go heavy on it, as a %age of their portfolio. Contrast that with say, BBRY (another value stock), where they have patents, contracts, sales, and your downside is essentially capped...
Both stocks, particularly VRX, have a TON of stuff to read on them, and I'd start with googling "citron valeant"...
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@The Wizard of Moz - you and I are pretty much the same person. I think you are funnier and I am more handsome, but invest the same. You've likely already read Citron, but what about other ones? SIRF? Muddy Waters? Please let me know if you have any others. In fact, PM me your phone # again and I will tell you what's on my radar.
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@gourimoko - bro honestly, given your understanding of technology, there's much more safe ways to make $ than the market. You should be building out properties... web properties. You should have your $ in a self-directed IRA. This is a vehicle where you can invest in corporations that you set up. You can fund your 401(k), solo(k) or SEP up to $54K, then annually roll that out to your self-directed IRA. It should look something like this:
-Set up a web property that generates quite a bit of $.
-Keep the expenses high while you "value" it based on earnings, so that you are keeping the value low.
-Purchase shares of the company in your self-directed IRA. If you KNOW the company will make a great IRR (not THINK, but KNOW), then obviously convert the self-directed IRA to a self-directed Roth IRA...
-Throttle down expenses
-Profit.
Other people should think about that too, but it's not simple. There's an article out there somewhere that I can't find about some dude leasing out music instruments to his students, does it thru a self-directed Roth, and makes a crushable crushing. Love that...
Gour - you should be hacking CEO's emails, figuring out if companies are going to miss/beat, and then placing options trades before the earnings.
If you are dumb enough to want to invest, like I am, I would tell you to make sure that you understand what black-and-white mistakes you can avoid. For example, if you aren't capturing your short-term losses in a non-qualified account, you are making a mistake. It's hard enough to win the game, so make sure you're not making mistakes.
I have stock picks out the wazoo, but I don't often feel like explaining myself and answering dumb questions or even good questions. It's basically impossible to answer some of these questions without simplifying things somewhat and that kinda messes up the answer...
I really like SRG for a REIT. They own SHLD's real estate, and in order to buy that RE, SHLD got a great price/sq foot. SHLD will go under and the empty space will then be filled at a much higher rate. Not sure if they will have to raise $ before enough SHLD stores close, but since I can't tell, I'll leave it to my home boy Bruce to let you know what he thinks (
https://www.holdingschannel.com/insider-buying/srg-insider-buying/). Also, Buffett is in on this one, but that doesn't really mean jack shit to me, although I know you fan boi's are out there
Anyway, most of you have families, hobbies, and such, and part of being a good investor that sucks is it's time intensive. Almost all of you can make more $ by doing something OTHER than researching and buying individual stocks. Set everything up on auto-pilot (contributions, rebalances, etc.) so that it's not time intensive.
The U.S. market is very high right now from a CAPE perspective... Be careful out there.