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Staples, Inc. Message Board

biff_smith1 254 posts  |  Last Activity: Jan 28, 2015 4:19 PM Member since: Apr 29, 2012
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  • Reply to

    Dennis Gartmans 22 rules for trading

    by guberpedro Nov 27, 2014 1:21 AM
    biff_smith1 biff_smith1 Nov 27, 2014 5:57 PM Flag

    This nickel-dimer, guberpedro has put this headline on 4 separate stock boards,
    all at around 4:00 P.M. this afternoon:

    "Saudi Arabia say,NO Production cuts"

    And I bet the market was factoring in that decision most of last week.

    The 'tard evidently thinks he can scare some investors out of their shares by
    writing those 6 little words. hehehe.
    I found it amazing that he spelled all six words correctly.

    guberpedro..aka...gooberpedro..and possibly...gomer pyle

  • Reply to

    Dennis Gartmans 22 rules for trading

    by guberpedro Nov 27, 2014 1:21 AM
    biff_smith1 biff_smith1 Nov 27, 2014 1:12 PM Flag

    The price of oil and gasoline will take care of itself; same with ethanol.
    There will be plenty of demand all around the world.
    $13.50 is more than likely a triple and you are saying it is going down.

    You lack vision and confidence.
    Another name for the stock market could be The Confidence Game.
    Because that's what it is when you buy something like Pacific Ethanol.

  • Reply to

    Dennis Gartmans 22 rules for trading

    by guberpedro Nov 27, 2014 1:21 AM
    biff_smith1 biff_smith1 Nov 27, 2014 9:34 AM Flag

    Peter Lynch retired from Fido and from managing The Fidelity Magellan in 1990 and in
    2006 his net worth was $352,000,000 at that time.
    He retired young, because his father died young.

    Dennis Gartman's opinion is no better than someone who has 35 years experience investing in the markets and has probably made most of the mistakes that can be made during that time, but still got rich along the way, and that would include me.

    It ain't bragging if you can back it up.

  • Reply to

    Dennis Gartmans 22 rules for trading

    by guberpedro Nov 27, 2014 1:21 AM
    biff_smith1 biff_smith1 Nov 27, 2014 9:23 AM Flag

    Lynch coined some of the best known mantras of modern individual investing strategies.
    More on Peter Lynch:

    His most famous investment principle is simply, "Invest in what you know," popularizing the economic concept of "local knowledge". Since most people tend to become expert in certain fields, applying this basic "invest in what you know" principle helps individual investors find good undervalued stocks.
    Lynch uses this principle as a starting point for investors. He has also often said that the individual investor is more capable of making money from stocks than a fund manager, because they are able to spot good investments in their day-to-day lives before Wall Street. Throughout his two classic investment primers, he has outlined many of the investments he found when not in his office - he found them when he was out with his family, driving around or making a purchase at the mall. Lynch believes the individual investor is able to do this, too.[5]
    He also coined the phrase "ten bagger" in a financial context. This refers to an investment which is worth ten times its original purchase price and comes from baseball where "bags" or "bases" that a runner reaches are the measure of the success of a play.[6] A "two bagger" would be a double, so by
    extension, two home runs and a double would be a "ten bagger".

    What I am trying to say is everyone has an opinion and if I was going to Invest like someone it would be the one with the best record of all time.
    I would be willing to bet that Dennis Gartman has NEVER EVEN HAD A 10 BAGGER. Reason being it would be quite difficult to do if you only own something 3 trading days.
    ;-)

    Just one quote from Lynch from memory: "If a stock you own drops 25% and you are a seller and not
    a buyer, you will NEVER make big money in stocks."
    And Dennis Gartman has never made big money in stocks. He makes money now charging banks $400 to $500 a month for his newsletter.

    And the banks are stupid to spend the money on it.

    Biff

  • Reply to

    Dennis Gartmans 22 rules for trading

    by guberpedro Nov 27, 2014 1:21 AM
    biff_smith1 biff_smith1 Nov 27, 2014 9:09 AM Flag

    "Dennis Gartman's net worth is estimated to be in the millions of dollars(in US Dollar terms). However the exact amount is not known publicly at the moment."

    which, to me means the $ figure is not impressive at all or Mr. Gartman would definitely make it public!

    Dennis Gartman makes a living now by writing a newsletter.
    ___________

    Peter Lynch (born January 19, 1944) is an American businessman and stock investor. As part of his role at Fidelity Investments, he managed the Magellan Fund between 1977 and 1990 averaging a 29% return, making it the best 20-year return of any mutual fund over the period.[2] He also co-authored a number of books and papers on investing and coined a number of well known mantras of modern individual investing strategies, such as Invest in what you know and ten bagger.

    Lynch was hired as an intern with Fidelity Investments in 1966 partly because he had been caddying for Fidelity's president (among others) at Brae Burn Country Club in Newton, Massachusetts.[3] He initially covered the paper, chemical, and publishing industries, and when he returned after a two-year Army stint he was hired permanently in 1969. This time Lynch was charged with following the textiles, metals, mining, and chemicals industries, eventually becoming Fidelity's director of research from 1974 to 1977. In 1977, Lynch was named head of the then obscure Magellan Fund which had $18 million in assets. By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than $14 billion in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return and as of 2003 had the best 20-year return of any mutual fund ever.[2][4] Lynch's achieved dollar successes in a range of stocks including (by order of profit achieved - source is Beating the Street): Fannie Mae, Ford, Philip Morris, MCI, Volvo, General Electric, General Public Utilities, Student Loan Marketing, Kemper, and Lowe's

  • biff_smith1 biff_smith1 Nov 26, 2014 9:07 PM Flag

    Biff's toodledge? I don't think I have seen that word written so I looked it up.
    The right spelling is 'tutelage' but maybe you got it right as pertains to me.
    ;-)
    You should also be thankful for having more energy than 12 normal people.
    Linda says she doesn't think you need much sleep.

    We lost our power at about 8:00 PM and the standby generator kicked in
    within 30 seconds. I was reloading and never missed a stroke.
    ;-)
    They don't know when they will have the juice back on.
    Heavy wet snow coming down and it's supposed to continue all night.

    Toodledge..that is a good job of sounding it out.

  • biff_smith1 biff_smith1 Nov 26, 2014 8:22 PM Flag

    I like it and it is based on technicals and fundamentals.
    History will repeat itself + X%.

  • Reply to

    What is today's excuse?

    by chuck_liddell2 Nov 26, 2014 4:10 PM
    biff_smith1 biff_smith1 Nov 26, 2014 7:09 PM Flag

    Kel;
    Well I am glad you couldn't buy shares today because at times like today when I buy like
    a kid in a candy store, we usually go somewhat lower.
    But like I told Chuck, I don't care if we drop to $10. I will buy shares there also, just because...

  • biff_smith1 biff_smith1 Nov 26, 2014 6:27 PM Flag

    Naturally there are investors who lost money on PEIX years ago.
    They think they lost money because of company management.
    But the truth is Warren Buffett might not have been able to do any
    better than Neil Koehler as far as getting the company through
    the poor business cycles and the drought, etc.

    But just like we went from $2.33 to $18.65 and then down to $10.43
    and on to a new high of $23.97...then all the way down to $9.10..
    we will be going to all-time highs and then after most of us sell, we
    will end up watching the shares go higher still. That's the strange
    phenomenon of BULL MARKETS.

    Biff

  • Reply to

    What is today's excuse?

    by chuck_liddell2 Nov 26, 2014 4:10 PM
    biff_smith1 biff_smith1 Nov 26, 2014 6:08 PM Flag

    Investors are concerned about how sales will be during Black Friday. (Or is it Black Monday?)
    I guess worries about the weather has them even more concerned.
    The drop in the price of oil which will definitely help the economy also
    has investors selling shares.
    You and I know that is not a reason to sell shares.

    It's funny because I have been saying that ethanol should be selling
    for a higher price than gasoline and it looks like it may do it, if only
    temporarily.
    Ethanol is a renewable resource and is cleaner burning than gas.

    Kelly did you buy any shares today?

  • Reply to

    What is today's excuse?

    by chuck_liddell2 Nov 26, 2014 4:10 PM
    biff_smith1 biff_smith1 Nov 26, 2014 5:36 PM Flag

    I own 71,500 shares as of the close today. You shouldn't ask this board what the problem is with the
    share price. All an honest shareholder knows is that a drop in the share price is an opportunity to buy.

    Call Neil Koehler and ask him why the shares are dropping. I am sure he would like to tell you that he
    thinks the shares are worth $30 right now; but he won't ever say anything like that, no reputable CEO will. He
    would say that he has no idea why the shares are doing what they are doing.

    Consider PEIX a learning experience. It is a learning experience for everyone involved, including
    someone like Balding who has worked in the brokerage business or whatever else.
    Everything I do I consider a learning experience because that is the only way I can describe the
    last 35 years or probably more. And my first stock was a 10 bagger, but today it wouldn't qualify as
    something I would own.
    As far as Pixie, I would like to own it all.

    Biff

  • Reply to

    What is today's excuse?

    by chuck_liddell2 Nov 26, 2014 4:10 PM
    biff_smith1 biff_smith1 Nov 26, 2014 4:54 PM Flag

    I have been buying all day long and if Pixie goes still lower from here, it will
    be just a short term problem.
    If I buy at $13.60 and the price goes down to $10.00 I don't have a problem
    with that.
    I'll buy some shares down there also.
    If you weren't nibbling today, especially near the close, I don't know why you
    bought your shares in this company.

    Biff

  • biff_smith1 biff_smith1 Nov 26, 2014 3:57 PM Flag

    "Individuals familiar with the matter" say that say that when Ray wanted to eat a Spam sandwich quickly,
    it looked like he threw it over his shoulder.
    Amazing...
    but true...
    ;-)

  • biff_smith1 biff_smith1 Nov 26, 2014 3:40 PM Flag

    That has got to be why Hormel's earnings missed expectations buy a penny.
    Ray used to eat 7 Spam Sandwiches when he needed a quick lunch.
    This is true..

  • Reply to

    I have a huge short position in PEIX

    by oilygharchy Nov 26, 2014 3:28 PM
    biff_smith1 biff_smith1 Nov 26, 2014 3:34 PM Flag

    And I want to buy again before the close.

  • biff_smith1 biff_smith1 Nov 26, 2014 3:27 PM Flag

    Whoever you are, you're a better man than the Bullsh1dda.
    And please don't make me say I spoke too soon.

  • Reply to

    A Quick 365 Day PEIX Pump and Dump for Insiders

    by wellptboy Nov 26, 2014 2:17 PM
    biff_smith1 biff_smith1 Nov 26, 2014 2:51 PM Flag

    Water Boy;
    I remember when I bought shares of Pixie @ $4.35 and posted it on this board
    for the benefit of everyone, and a bunch of CLOWNS tried to laugh me off this message
    board.
    You and Oily are doing the same thing now, except that even after the huge drop, the
    shares are 3 times that figure.
    The share price goes down but it will come right back up, which means it's a great buy.

    Do you think the CFO is lying about the cash in the bank?
    I picture you as a naive water boy.

  • Reply to

    A Quick 365 Day PEIX Pump and Dump for Insiders

    by wellptboy Nov 26, 2014 2:17 PM
    biff_smith1 biff_smith1 Nov 26, 2014 2:40 PM Flag

    Boy your head is really fugged up.

  • Reply to

    Cheap gasoline.

    by otc_cph Nov 26, 2014 2:16 PM
    biff_smith1 biff_smith1 Nov 26, 2014 2:19 PM Flag

    People always buy huge pickup trucks at a time like this.

  • biff_smith1 biff_smith1 Nov 26, 2014 2:07 PM Flag

    It's buy time right here at $13.55..

SPLS
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