"Investors" like you have made me quite prosperous. About 18 months ago I bought 20,000 shares of MAXF for less than a buck and have enjoyed the results of the cattle like momentum players who get bored easily. INVESTOR, not only are you a chronic loser but also you have the gaul to lecture others on your system of investing while ignoring intrinsic value.
"Investors" like you have made me quite prosperous. About 18 months ago I bought 20,000 shares of MAXF for less than a buck and have enjoyed the results of the cattle like momentum players who get bored easily. INVESTOR, not only are you a chronic loser but also you have the gaul to lecture others on your system of investing while ignoring intrinsic value. ---------------------
Actually, I am up about 23% over past rolling 12 months. I was up 37% just prior to 911...got back up to about 30% prior to Enron debacle. Lately..I think the Enron situation has been causing my problems.
I do NOT believe in buy and hold. Don't forget..the 10-13% overall gains in the market over the past x years is largely due to the Tulipmania 1990's...and the dot.com bubble...with 20+% gains every year. Factor that out and what do you have..especially with such a high Tobin's Q rating these days.
The overall market is basically OVERVALUED. It has been very much so since 1998..and remains so now though to a slightly lesser degree.
When the market is overvalued..it IS A TRADING MARKET. So yes..in this market..I am a trader. I buy stocks based on a combination of momentum & fundamentals. My models that measure momentum are extremely complex and involve cascading statistical models which is related to Neural Networks..but better.
My models picked up maxf when it hit above 6$/shr..and it also 'appeared' to have the fundamentals I require. I do not pick stocks on fundamentals alone. And stock momentum does last more than 30-90 days unless there is a constant flow of good news coming out on the stock. Other than the warrants broken record..I see no such news on maxf.
Apparently.. my reading was fake (about 20% are)...as the stock has lost its momentum entirely...
Can it go up..sure.
Does it look better to me than some other candidates out there right now...no longer.
Why should I stay in a stock if there are better candidates? Trading cost for me is a non-issue.
<<INVESTOR, not only are you a chronic loser but also you have the gaul to lecture others on your system of investing while ignoring intrinsic value>>
In this market, we are all chronic losers in some shape or form.
So what do I mean?
First, not all of us have made a 300% profit on this stock. Therefore, all those losing positions that we had at one time come into play when a position sinks 15%. I respect anyone who has the balls to admit why they sold. Currently, I want to hold this position for a long time but, when the stock starts sinking from 3,4,8 15 %, you got to cut your losses. Therefore, "INVESTOR" was only doing what many investors in ENE, EXDS, Kmart, etc....could not do....SELL!
You have to respect his opinion. If not, you are ignorant.
However, since you apparently bought MAXF at a lower price....it is easy for you to harp on individuals who sell at current market value.....!!
I know how it is. Most recently, I have done well on NMHC but, someone recently mentioned that NMHC is "dead money" because the stock is going nowhere. Yeah true, but, I am up 55% in 2 months. However, for that person who bought at $15, that is not the case because the stock is at $13.75. Now is it fair for me to call him a chronic loser????
Do you get my point....Respect those who sell with legitimate reasons. Many times, you will learn something.
You don't know how often I have come across investors that say "yeah I have held this stock for 4 years & its down 50% but, I know it will come back up." Go figure????
Second, you talk about intrinsic value...?? That does not hold up for every stock. Look at HDWR & AKLM...?? (Go to Quicken.com/intrinsic value to see what I mean). Its pathetic. The market has rape these stock according to "Instrinsic Value".
Also, you may think fundamentally strong companies= big $ but, that is not always true. Look at the oil industry sector. That sector is very profitable but, that particular industry is generally held down by political factors.
I don't mean to give an editorial on my views but, calling people "chronic losers" is not appropriate. Your egotistical responses do nothing but, be little someone who is sticking to his sell rules.
So----is that fair to call you cocky? NO, because when I belittle you, I stoop to your level by becoming a jerk myself. Therefore, I will just say, I respect you opinon eventhough its in bad taste.