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Buy Gpro now!

Entoptic said:
This thread is still going! I love it! A few weeks ago I debated saying buy Netflix now but I'm sure the rise to 120 from 98 within a day with a drop off shortly after would have had a few members here slinging insults at me about how I didn't tell them to sell.:twofinger
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Are you suggesting long term plays or that people become day traders?
 
Entoptic said:
This thread is still going! I love it! A few weeks ago I debated saying buy Netflix now but I'm sure the rise to 120 from 98 within a day with a drop off shortly after would have had a few members here slinging insults at me about how I didn't tell them to sell.:twofinger
Click to expand...

Let me put it in very clear terms. When you call a buy point and say something is a good deal, you're basically saying "I think this stock is fundamentally undervalued." So correspondingly, that stock should then rise and maintain that gain for some reasonable period of time. That would make your call the correct one. When you say "buy stock X" and it jumps around like a yo-yo for a couple days and then tanks, your advice is basically useless. It's actually less than useless, because the only way anyone could make any money off that action is if they were day trading, and 99.9% of investors are not day traders. Everyone else who followed your advice would lose.

But so you come back and say, hey I was day trading it and "I" made money. Sorry that the rest of you aren't as smart as me! Well fucking bravo to you, but again that's not how most people invest because it's high risk and it requires you to micromanage your portfolio all day long. And if your trading prediction relies on an exit at the precisely correct time in order to make money, well you better be calling that exit point otherwise you just look like a blowhard who can't admit that his buy call sucked.
 
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Well, technically one could set a limit order at a price of their choice, say 10-20% above current price, and it would automatically sell if it ever reached that price, with no need to day-trade or monitor it.

But of course your price point could be wrong.......It might never reach it, or it might take two years, by which point you probably could have made more money in other stocks.

OR, it could ultimately rise 50%, meaning you sold too early. But at least you made some profit.
 
Reli said:
Well, technically one could set a limit order at a price of their choice, say 10-20% above current price, and it would automatically sell if it ever reached that price, with no need to day-trade or monitor it.

But of course your price point could be wrong.......It might never reach it, or it might take two years, by which point you probably could have made more money in other stocks.

OR, it could ultimately rise 50%, meaning you sold too early. But at least you made some profit.
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That's true but again, a caveat you'd need to include to have any reasonable credibility. If you say "BUY" with no caveats, the generalist's understanding is going to be that you are predicting that pricing action will lead to, in general, secularly higher prices.
 
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Back in the early aug when things started crashing I mentioned to a day trading chick i was seeing that I should place a limit order to buy Disney at $90 and Starbucks at $50. I believe both stocks hit these numbers but I wasnt brave enough at the time to place those orders.
The opportunity may come again. There are credible people thatl say we're still looking at a crash and some that say the bull run still has legs.
Guess I could just buy and hold for 20 years.
 
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Blankpage said:
Are you suggesting long term plays or that people become day traders?
Click to expand...

I'm suggesting that people take what they want from it. I'm not here to guide you.

mercurial said:
Let me put it in very clear terms. When you call a buy point and say something is a good deal, you're basically saying "I think this stock is fundamentally undervalued." So correspondingly, that stock should then rise and maintain that gain for some reasonable period of time. That would make your call the correct one. When you say "buy stock X" and it jumps around like a yo-yo for a couple days and then tanks, your advice is basically useless. It's actually less than useless, because the only way anyone could make any money off that action is if they were day trading, and 99.9% of investors are not day traders. Everyone else who followed your advice would lose.

But so you come back and say, hey I was day trading it and "I" made money. Sorry that the rest of you aren't as smart as me! Well fucking bravo to you, but again that's not how most people invest because it's high risk and it requires you to micromanage your portfolio all day long. And if your trading prediction relies on an exit at the precisely correct time in order to make money, well you better be calling that exit point otherwise you just look like a blowhard who can't admit that his buy call sucked.
Click to expand...

Buhahahaha... I say nothing of the such. All I say is now is a good time to buy. There are no hidden strings and it's pretty straight forward. Make all the assumptions you want. If folks don't understand how to put a sell price on stock they probably are going to get burned regardless.

Reli said:
Well, technically one could set a limit order at a price of their choice, say 10-20% above current price, and it would automatically sell if it ever reached that price, with no need to day-trade or monitor it.

But of course your price point could be wrong.......It might never reach it, or it might take two years, by which point you probably could have made more money in other stocks.

OR, it could ultimately rise 50%, meaning you sold too early. But at least you made some profit.
Click to expand...

Please don't bring logic into this. It's pretty clear no one wants to hear that type of crap. :twofinger

mercurial said:
That's true but again, a caveat you'd need to include to have any reasonable credibility. If you say "BUY" with no caveats, the generalist's understanding is going to be that you are predicting that pricing action will lead to, in general, secularly higher prices.
Click to expand...

lol - Come on Merc, you're a smart guy and know better. This isn't a nanny state and it isn't up to me to tell you how to manage your money.

If I say buy Netflix and it rises 25 bucks in a day and then starts to drop. Is that my fault a person didn't sell at the high?
 
Id bet in the whole history of the world nobody ever bought a stock based on a barf recommendation.
Id like to think no one is taking these picks too serious. But if you were sucker enough to then sue Budman for any losses.
 
Entoptic said:
I'm suggesting that people take what they want from it. I'm not here to guide you.



Buhahahaha... I say nothing of the such. All I say is now is a good time to buy. There are no hidden strings and it's pretty straight forward. Make all the assumptions you want. If folks don't understand how to put a sell price on stock they probably are going to get burned regardless.



Please don't bring logic into this. It's pretty clear no one wants to hear that type of crap. :twofinger



lol - Come on Merc, you're a smart guy and know better. This isn't a nanny state and it isn't up to me to tell you how to manage your money.

If I say buy Netflix and it rises 25 bucks in a day and then starts to drop. Is that my fault a person didn't sell at the high?
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[youtube]nnLk7dbDWlI[/youtube]
:laughing
 
Blankpage said:
Id bet in the whole history of the world nobody ever bought a stock based on a barf recommendation.
Id like to think no one is taking these picks too serious. But if you were sucker enough to then sue Budman for any losses.
Click to expand...

I bought 1000 shares of go pro, would have sold it all already but the OP never told me when to :(
 
Entoptic said:
This thread is still going! I love it! A few weeks ago I debated saying buy Netflix now but I'm sure the rise to 120 from 98 within a day with a drop off shortly after would have had a few members here slinging insults at me about how I didn't tell them to sell.:twofinger
Click to expand...

I dunno, man. that outfit you are working for took a deep breather, multiple was getting giddy, but the sector just can't go anywhere but up from here, seems to me...
 
Must have misread the post.
Came home with a gopro hero 4.

This camera kicks the shit out of the garmin virb I had.
 
KittenMeat said:
Must have misread the post.
Came home with a gopro hero 4.

This camera kicks the shit out of the garmin virb I had.
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hmm. maybe I should get one. My point was that good product doesn't always make a good stock. market share comes to mind, and thats what corporation fight for.
So what happens if Garmin decides to really push into the action camera market, and produces a Hero 3 spec camera for the price of a GoPro 4?
GoPro created the market, holds proprietory patents, and has cooler stickers, fer sure, but theres more than one way to skin a cat, and Garmin is no mom and pop operation.
just a question, thats all.
 
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Just bought a GoPro 4 on my cruise, it's really a great product.
 
Sounds good. I'm looking at the Hero HD. $130 at Best Buy. no SD card. no biggie.
 
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Done. After cashing in my Amazon credit card points, $87.85 delivered.
oop. cancelled order. did my homework after the fact...not a good place to go cheap.
 
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Blankpage said:
Back in the early aug when things started crashing I mentioned to a day trading chick i was seeing that I should place a limit order to buy Disney at $90 and Starbucks at $50. I believe both stocks hit these numbers but I wasnt brave enough at the time to place those orders.
The opportunity may come again. There are credible people thatl say we're still looking at a crash and some that say the bull run still has legs.
Guess I could just buy and hold for 20 years.
Click to expand...

SBUX at $50, why didn't I place that order :facepalm
Today at $63.40 and likely to end the week a couple of bucks higher than that.

I must have been spooked by all the doom and gloom articles linked.
 
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