The best performing group over the past 3 mos., as measured at TickerSpy, is Energy Storage. Check it out: ENR is the single worst performer of the group (15 stocks, several up over 500% with ENR barely out of the red). For the past 5 years ENR has been smashed by the S&P 500. It's little more than a money market fund for parking spare change, hoping you won't over-pay for the service. Does this company have any "grander plans" than overpriced, unprofitable alkaline consumer batteries? (At one time I read ENR would be the company to extend my computer's and iPod's battery life from 2 to 20 hours. Apple has realized such a battery with its newest Mac Airs. The fast-dying battery of my newest iPod remains an opportunity, but I'm experiencing a loss of trust in the Bunny to seize it (who makes the Duracell batteries that beat out Energizers in a recent CR test?)
Parnassus's recent falling to 4 stars suggests they may be underperforming. I plan to hold because I like the looks of their present portfolio, with only a couple of quibbles. The attraction of Motorola is beyond my comprehension. But the more flagrant loser in the fund's top 10 holdings is Mondelez. If the fund manager had any ground floor experience, he'd see how regularly Hershey crushes this weak competitor at the cash register. Hershey's lock on chocolate is as secure is Coca Cola's on cola. But the real sizzler for Hershey is Twizzler. The company's "Peel n Pull" (cherry-flavored) is the equivalent of candy heroin, flying off the shelves. In fact, I'd not only swap Hershey for Mondelez but move the latter closer to the top spot (currently occupied by Apple).
The other thing that keeps me in Parnassus (and out of Yachtman) is a reasonable fee ratio. (Yachtman has not only be underperforming but over-pricing their services to customers who haven't noticed or don't care).
I think I got into this thing because KMP was going nowhere and some Seeking Alpha writer made an attractive case for Pioneer as a dividend stock. Suddenly it exploded, blowing away all of the competition in 2013. Time to take profits, but now it appears to be back on course, gearing up to do the same. Why? Is there really no dividend? Is it really a bet on controversial shale extraction, which looked bad last week when CEO litigated against the very extraction he supported 100% (but not in MY neighborhood). How high can PXD go? Is it subject to a falling knife reversal and therefore a stock to trail with tight stops?
I just pulled up the AMZN front page and there was my personal model walking the run-way, but not upstaging the dress or the promo for more like it. Maybe Jeff has just the incentive he needs to keep his mind on the store instead of buying up more newspapers and brainstorming 30-minute delivery drones. In any case, don't ask Cramer about ZU's product, presentation, and delivery. Ask your wife.
Only because it's now being seen as synonymous with Amazon, thanks largely to Cramer's recommendation and comments. (I asked my wife, since I'd never heard of Zu, and it turns out she's shopped at both. She says ZU is no Amazon. That's good enuff for me. I'm neither selling any AMZN nor investing in what could turn out to be another Overstock. With AMZN all of the former short sellers have learned to ignore the PE and to keep their shirts tucked in--if they still have one.)
It's happened 4 times in the last several months and is quite frustrating if you're building a portfolio and changing it on a daily basis. Reconstructing it takes a lot of time and is never accurate. How do you notify Yahoo? Any other similar experiences? Should I be paranoid because I haven't accepted Yahoo's invitation to link it to my brokerage account? (Tried that with Yahoo many years ago, before Yahoo discontinued the feature). Are there better or equal alternatives to Yahoo portfolio pages?
I'd like to know who attends these things. Certainly not Cramer, Maria, Larry, or the talking heads from CNBC and FOX. Maybe not even the Motley Boys or Chuck. I wouldn't be surprised if these are staged events with the CEO and select officers addressing the rest of the staff. And after the internet revolution that has taken audio from the Real Player Dixie-cup and a string audio of 5 years ago to the full-fidelity realism of Dolbyized multi-chanenl sound for your Bose, JBL or Klipschhorn system, what's the explanation for the ATROCIOUS AUDIO? If the company wants to pump numbers, give us some accompanying "audio presence"--I mean state-of-the-art audio from 1932 would be a huge improvement.,
The stock is up to 39 in after-hours trading. But who's trading? And how may trades are required to post those numbers? I've been suckered before by lofty after-hours numbers that plunged instead of soaring at market opening. I'm tempted to put in a LIMIT order at 37. On the other hand, I'm already deep enough into this stock that I can afford to wait for the full shake-out before putting in an order--probably a market order south of 40.
Haven't owned anything this hot in a long while. Why is it able to resist the stalemate of most other NG stocks--Golar, Kinder-Morgan, Chesapeake, Anadarko, Teekay--practically every one has be a loser or status quo. (Marathon has been a pleasant surprise--MPC). Can Cheniere hit $50? Yes. Will it? Probably, but no guarantees. It's rising on its own fumes and the dreams of investors. Be ready to sell half your position if it drops below 40. This is not a lock-box hold like a Chevron, Conoco, or Amoco.
Haven't been to my hometown (50 miles N. of the Dells and about 30 from Ed Guin's place (the model for "Psycho"). I remember the smell of the poluted emissions from each of the mills--Byron, Port Edwards, Nekoosa, Wis. Rapids, and the foaming waste on the Wisconsin River along with the taste of its fish (cook your newspaper). I even met Mr. George Mead, the founder of Consolidated Papers, who graciously hosted me in Miami Beach (and lived on an island in the Wis. River during the summer). The company fell on hard times (not sure if Stanton Mead was still with them) and was bought out by a big Swedish fish, which apparently had little more success. It had "Svenska" in the title too. "Svenska Storer," as I recall. But this Swedish maker of baby paper products looks like a real mover--if you'd been there a couple of years ago. Is it headed toward $50 and $100, or has it made its big move? (Perhaps it depends on the birth rate.)
This one was a falling knife that cut faster and deeper than most. My price point was 70 and the selling price proved to be 56 and change. Did anyone receive more favorable execution?
You don't need to have any idea about a given stock. "Efficient market theory" makes a convincing case that, at any given moment, literally ALL of the information and knowledge about the stock is factored into its current price. As an individual your "research" means nothing compared to all of the advisors, committees, funds, computers, TV personalities, etc., that have collectively gathered all there is to know about a company and come with a price.
That simply means that as an individual investor, and as the beneficiary of all of all that info, all you're left to do is to play a "hunch" about the stock's "future." No human being can predict the future with precise, unerring accuracy--not even close. But for a stock that's tripled in a single year, any gambler who plays the odds will take money off the table.
"Arrogant longs"? You mean humbled "ex-longs." Who would be in a hi-flyer like this one without a stop-loss order?
I've been in the markets long enough to absorb the bad with the good (and to always have a stop-loss order in place), but this falling knife sliced through my price point quicker and deeper than most. My stop-loss point was $70, and AMTD found me a buyer for 100 #$%$ $56 and change. I'm curious if investors with Chuck (that 2 X bigger firm) had a better experience.
I'm extremely pessimistic about LeapFrog after what I've seen in my own 4 grandkids. By age 7 they're simply too sophisticated (or jaded). And before then requires parents who can keep them away from the $1 apps, Kids Netflix and Kids Cable not to mention iPads, Kindle Fires, etc. etc. This is precisely the time when "Phonics Reading" is most needed, as any kind of "close reading" (required for literary, science studies, etc.) is lost. But the tablet saturation of the last 2-3 years has made it an uphill battle. (Even Shakespeare and Austen are in danger.)
(IPods may be less injurious than iPhones or tablets. They're smallness makes kids tire of them and see LeapFrog tablets as a fresh toy.)
The first 2 were late Dec. (Dec. 31 was one.) Today is the 3rd and final (moved my sell-stop from 6.5 to 6.75). Beware of falling knife if we see another double digit drop. You're stop-loss point may not matter by the time your order has been executed.
The Wall-Street crowd along with CNBC and Forbes swear by it. Let your profits run when above it; get out when you're under it (or, if you dare, guess at a bottom). NOK is still way above its current 200-day average, which is 5.5.
What's surprising? I rarely see as many analysts crying Sell Sell! Most are afraid to EVER recommend selling. This has been a contrarian play the whole way. Those of us who got in at 3, can now justify reaping our reward (and paying our taxes).
I agree that a company this huge should never be cause for panic because of a single quarterly report. But in some cases (like mine), it's time to sell. If you're up 50% in the stock, there's no point fighting the current trend reversal. The momentum is too strong (along with all of the analysts' "Sell" recommendations)..
If you're building a position in Nokia and are only marginally in the green, or in the red, this is a cost-averaging opportunity. Buy more.
But never forget that "Selling" is the cheapest transaction fee of all--a single charge as opposed to the multiple charges of gradually accumulating the stock. I'll consider buying Nokia again when it drops below 6 or surges above 9.
I always seem to sell biotechs prematurely. You might say that was the case earlier in the present millennium when I sold JAZZ when it dipped below $10. Last I looked, the price of JAZZ was $155.00 (I probably would have sold when I had a double--$20. That old saying about "hogs get slaughtered." I should have known better. (I personally like pigs, a very underrated animal, whose intelligence exceeds that of cats and dogs.)
The Appleseed fund is better than its current Morningstar rating. I see it as a better "defensive fund," or hedge, than "Permanent Fund." Appleseed manages to pick out overlooked, taken-for-granted, unwanted "value stocks." They're buying these companies at low prices that should, at the very least, hold up when all of the overpriced stocks inevitably fall (like Priceline--over a thousand a share--not even spokesperson William Shatner can hold it up there in outer space!). But to get "on track," the fund needs gold to perform well (a sustained push would be nice). Appleseed fund is a safer investment, imo, than throwing money at a "gold fund" (as I once did). And while both gold and bonds remain static, Appleseed is looking more promising than the more-publicized, perhaps overrated "Permanent Fund." (Every "failsafe" strategy--rotating among bonds, stocks, metals, etc. in a very methodical way--is eventually proven wrong by the unpredictable, whiplash, even irrational, movement of world economies and their markets.)