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What say you about spirallocks comments about the dearth of real estate owned by WFM? I have posted that presumably WFM management has identified a better use of its capital.
I and the board expect "an intelligent comment"; please do not disappoint!
Perhaps unlike some who post, I do not lie.
What's the benefit of doing so?
I'm not trying to be an internet hero.
Why is it difficult for you to accept what I posted?
I've been long AMT, CCI & SBAC for years, and yes, I have lightened up all three positions.
I first bought AMT in the 40's BEFORE the huge sell off. I last added shares at 6.65 11/9/01. Shares rebounded.
Same with CCI, bought shares, shares took a hit, added more and shares rebounded
SBAC has worked well for me, but I only bought once and didn't add when shares were sub 1.00.
I bought my shares 11/17/99 @ 11.50. Shares rocked higher, and in less than four months, on 3/8/2000 O sold some shares @ 51.25, and in the process took out 70% of my initial cost (in my ROTH to boot!).
Shares, as noted went downhill to sub 1.00, but are now around 120.00. Again, I have lightened up on this position as I have with the others.
I'm not pulling the share prices and dates out of thin air, since I'm not into drama, but simply being accurate.
I know, haters are going to hate. I just don't get what people derive from making stuff up.
Here's some perspective: I sold some WFM in 1999 and used the proceeds to buy some AMT...while the AMT position has soundly beaten the S & P 500, WFM increased 1125% while AMT only increased 289%! (source: Bloomberg terminal). Am I making this trade up? Nope! Have I been keeping annual spreadsheets since 1994 along with every trade data, why yes!
Very easy for me to access my data; it's right here on my desktop!
Oh yeah, time does fly...after looking, I've actually held the tower stocks for almost FIFTEEN years.
What's my longest hold? That would be XOM, originally MOB, bought 7/1/71 (okay, those shares were gifted to me)
Good luck with your position; there's several ways to skin a cat.
Have a nice evening. Oh yeah, enjoy your "Tower Sandwich" whatever that is.
Only reason to "shout" one word was to drive a point home to you; that I made an HONEST mistake.
You've made a few. To show that I'm not a "wolf in sheep's clothing", here's a bone for you:
Read up on the difference between an open ended mutual fund (FBIOX is open ended) and a close ended fund. In your 12/18 post, it appears you were describing the benefits of reinvesting distributions of a closed end fund.
I do not "pretend to be strong", nor do I "dislike and mistrust this sector". Heck! I'm long, therefore I am in favor of having some exposure to the sector, but am aware that "hot" sectors don't always "hot". Through many experiences (personal and professionally), I have gained some wisdom. I am not proclaiming that biotech will crumble, but sometimes something you nor I never considered comes out of left field and boom.
For example, the approx. 25% decline that started a year ago yesterday; fueled by Yellen. Yes, the decline was only a couple months or so, but it did happen and it did scare some who had been blissful prior to the event. Just in case, to recoup a 25% decline, the value must increase by 33.3% to get back to square one.
I am content with the size of my biotech position which apparently like yours, is in a tax advantaged account; in my case a ROTH. Yes, I am very please with the increase in VALUE of my position regardless of the number of shares I own.
"He's about to tell you how sorry he feels for you."
Please cite a post where I have EVER done such a thing; not withstanding perhaps feeling "sorry" for a poster who allegedly paid 10 bucks a pound for apples. I won't be waiting.
"Everything but make an intelligent comment."
What say you about spirallocks comments about the dearth of real estate owned by WFM? I have posted that presumably WFM management has identified a better use of its capital. What say you?
First off, I'm WITH you re sodium.
Okay, so you can not cite an example where I whined.
Thanks for clarifying why you have a hard on for Cramer. Do you watch (or listen) to him often? Not me! At work, thankfully, we have BloombergTV on. Once in a while, I do watch Mad Money, but only if I have an interest in a company and Cramer is interviewing an executive from said company.
So you think I "sound" like Cramer? That's your opinion and that's cool. I disagree, but we all can have opinions. No I am not related to Cramer. As noted before, the degree of separation between us is that he moved to my hometown after I left.
It does seem a tad curious the shifting of time periods.
Actually FBIOX has outperformed.
Perhaps you made the same HONEST mistake I did a few months ago. A particular poster tar and feathered me for doing so, even after I acknowledged my mistake and provided ACCURATE return numbers.
If you simply did a comparison of FBIOX & IBB on YahooFinance, you'd only be seeing a share price comparison that does not include any distributions.
I just did a three year comparison on a Bloomberg for 2/24/12 - 2/24/15.
First figure is simple price appreciation; second is Total Return (this includes distributions):
FBIOX 148.08% 195.00%
IBB 180.55% 182.50%
"...you would think he could do a little better than the Cramer stereo type (sic) whining"
Please cite a post of my where I whined.
Riddle me this: why do you have such a hard on for Cramer?
Welcome to YahooFinance! message boards; I see you just signed up yesterday.
I look forward to more illuminating posts of yours.
The dude's just a tad disgruntled/ because "there is no WFM with in (sic) 170 miles"
For the record, I have been in one WMT once. I have no idea where the nearest WMT is relative to where I live or work, but I do have multiple WFMs in my city and one in the town I work. I also have access to several conventional supermarkets and I shop at them as well.
"and for woogln...I will select a hold"
Don't do it for me; do it for yourself.
You had a "sell" sentiment and then questioned me WHY I thought you were a bear.
Take ownership of your actions rather than attempt to deflect them my way.
"This board is what ever the majority of the users want it to be."
I'm passively interested in psychology and simply wonder why you post off topic posts.
I assume you will be able to reach similar people, and more of them, on a political blog.
Very curious that you chose the CVX board.
"I have held Chevron stock for more than 40 years"
You have me beat re the CVX I own in my ROTH, but not on the shares I just received that have been in my family for decades (okay, those shares originally were TX).
I have held XOM (originally MOB) since 7/1/71, a rather easy date to remember.
You have a very long time frame and that's to your advantage.
This fund has had some pretty good hits in the past; Feb 2009 - July 2002 for example. Early last year, there was a decent biotech sell off. If I recall correctly, there were some posters who were somewhat freaking out, while others sold some or all of their positions only to re-enter at a higher level!
So yes, a strong stomach is warranted. Only during a serious downdraft will one know if they actually have one! Long term biotech looks great, but IMO, it should only be a modest portion of a portfolio.
"What's wrong with this picture?"
Answer: Too short of a time frame used. Are you a millennial by any chance?
Let's look at a realistic time frame for comparing BRK-A v SPY, shall we?
12/31/09 - 12/31/14 Total Return:
That said, past performance is not indicative of future performance.