Friend, investing is like driving a car - if you focus all your attention on the rearview mirror instead of what's up ahead, you're going to have an accident. Start paying more attention to what's in the future.
I am in a somewhat similar situation, though probably 20 years younger than you...but investing is my career since leaving the workforce a couple years ago, so it's much more than a game for me.
I was prepared for a weak September/October this year and was heavily cash (about 75%) going in and I've been bargain shopping this week - happily picking up additional CCUR shares and will gladly take more below $7. Give me the dividend and I can be patient a really long time if necessary. I was itching to buy some COP at the lows yesterday, but I hesitated, it got away from me too quickly and I missed it...maybe I'll get another shot before end of the year.
Don't worry about being down for the month. By the sounds of it you're up for the year, and compared to the indexes, you've done very well.
the biggest impediment that would cause the merger to fail is not having the funding. however, from the very beginning it was made clear that SGMS has the funding commitments and thus there was no need to put a funding contingency in the merger agreement. nothing has changed from a few days ago when the shares were trading at $81/share - just we are that much closer to the deal closing. BYI shareholders will vote for it as the $83.30 is higher than the share price and there are no other offers. SGMS will approve since Ron Perelman owns the bulk of their shares.
still safe/easy money at this level...over $4/share (about 6%) for holding the shares maybe 3 or 4 months at most.
Iteris Reports Fiscal First Quarter 2015 Results
- Record Roadway Sensors Revenues Up 20% -
Fiscal Q1 2015 Highlights vs. Same Year-ago Quarter
· Total revenues up 6% to $18.1 million
· Roadway Sensors revenues up 20% to a record $9.0 million
· iPerform revenues up 15% to $1.4 million
· Transportation Systems added $10.1 million in new contracts
ignoring all extraneous noise and simply sticking with my scale in/out plans. the prices were moving so fast and all over the place in the morning I was close to buying a few things and then they got away from me and I wouldn't chase. I did get some things though...which is good because if things do go lower again, will feel fine continuing to buy.
I was very close to buying some XOM and/or COP at the lows but then they got away...I should have just grabbed the COP when I had the chance - they both gained everything back by end of the day. I did repurchase the BYI shares I sold above $80 for under $77 - nothing has changed...it was above $81 just days ago, and is that much closer to closing the deal. price is back to what it was 2 months ago.
I picked up a bit more HSON - I mentioned I thought it may go lower first as Eberwein just got started with them and he is still purchasing...I'm certain he was buying again today. I was going to buy more DRAD at $3.65 but was away from my computer and should have put an order in. hopefully it won't go up after earnings and I'll get another shot at lower prices.
I picked up a little more FORD at $1.21 and will buy more UWN if it gets to $1.10.
I also started nibbling on PDEX again at $2.20 and will buy more lower. Next earnings report is in a few weeks.
I should have bought some CLFD below $11 last week - oh well. I've become very risk averse. Maybe a little too much.
SNTA did well today for a change.
That was the day the shares last traded below $77.
This is just great! Right back to where it was, yet now we are two months closer to the closing - so it's an even better buy today with an even higher rate of return.
Let the shares fall even further, I'll buy more!
This market is simply unbelievable!
At times like this you need to take a deep breath and look the other way. Unfortunately these days the market does not act on logic and is not populated with participants who have brains. These people will chase the highest flier that loses money hand over fist, is loaded with debt, and will likely be out of business within a year or two while at the same time selling shares of a company like this trading at a ridiculously low valuation.
Having seen the way this stock trades, I made a promise to myself not to go all in at one time, no matter how good it looks or what the dividend yield calculates out to. I'm scaling in - every 10 or 15 cents the shares go down, I buy more. If the market wants to take the shares down to $6.50 or $6.00, I am ready to be buying more at each step down. At some point I'll be increasing the number of shares I buy each time - why not, the dividend is secure with the cash pile, profitability, and no debt. I'm capable of being rational regardless of how irrational the market may be. Six months from now, people will be fighting to buy these shares at $9 and $10.
It really is a crazy market.
thanks - we'll see...very volatile because of low float. Ariel owns a lot of the shares. hopefully will get same trajectory as LAKE over next couple days. I don't have a huge position, so I'm not as impatient as usual. will be a nice gainer though - should cover cost of my SNTA position so I don't have to worry about it. just have to decide when to begin scaling out.
after a quick look at the trading today, purely from a technical perspective, I think it's a buying opportunity. If you go to the nasdaq site and look at the trades, just after 2PM it looks like someone did a small sale of maybe 100 or 200 shares below $6 and it triggered a bunch of stop loss orders and then it just cascaded down on itself - all the trades happened in about a two minute time span. I would wait before buying as it will probably fall a bit more early tomorrow from folks panicking and dumping at the open. I probably won't buy, but will review recent filings anyhow.
I had been picking up some VSR after it fell back down on the pop a few weeks ago. Today it went on a roller coaster ride - they have a hazmat division that supplies suits and executes contracts. Volume today was many times normal. If it does pick up a following on the Ebola story, there's no reason why it shouldn't follow LAKE/APT. We'll see.
Not sure...might be, or might be garbage.
I've been out for a while because I wasn't liking what I was seeing with a couple things that were happening. Will re-evaluate.
looked at it previously. will wait for lower price. management seems to have a history of ineptitude. not sure what to make of the acquisition - will need to review again - hadn't looked for a few months, but with shares now at 52-week low appears more interesting.
I think it's also indicative that we go with Eberwein on smaller companies where he can have a bigger impact and take control of things more easily.
not concerned at all. CY downside risk is to the point where dividend is 6%, maybe 6.5% if all logic goes out the window. 6.5% gives a share price of $7, which is currently the lowest price target - again, more than happy to accumulate shares from current price down. the dividend is secure and products are gaining wide acceptance. entire semi sector was hit because of Microchip earnings report/warning - and the fear is likely unjustified.
not concerned about potential bear market - my picks will do fine - they've shown it over past few heavy down days. now I'm looking for others that are going to be hard hit that will do fine in the longer term. my personal belief is that this is simply what I said before - correction through September/October, then tax selling, then we're going to get the rally going in to new year as the chickens are once again flushed out of the market. you just have to stay away from the garbage companies.
tech is going to provide huge opportunity as the chickens are throwing the baby out with the bathwater already. very happy with everything that's been on my radar screen and opportunity to acquire shares at lower prices.
don't be fearful, but likewise don't be holding garbage.