What are the groups thoughts on cashing in our short-term profit gains and setting a buy back price? Any appetite for risk, or should we hold on for the ride? Curious to see what you all think.
I am still voting on holding on for the ride! I think we set a price in the $53 - $55 range to sell at. Unless you are seeing signs that they really are in trouble with that inestigation??
Our cost (including buy/sell comm) is $815.40 and our 18 shares are valued today at $888.65. Selling would mean a 9% gain.
Let's say we sold at market price of $49.37. If we expect the stock to climb another 10 percent, I second the motion to sell, bank the win and rebuy the holding.
I saw we hold on longer. if we are afraid of losing our profits, we can set up a stop loss. I would be okay with this, if the numbers work.
I think taking a chance on the upside is a good idea, especially if we protect ourselves from the downside.
I dont think we had a first motion to sell, but we do now with Money187's vote. I do not see an opportunity to rebuy the stock, at a better position than we purchased it at. Does anyone else think this stock is going down, other than Money187? I am presuming you think this stock is going down, since you would want to sell and then rebuy.
We've held over 25 companies in our portfolio over the last three years. We've sold ten, eight for a profit. We should sell BJ because we're up 9% today and our goal when picking these copmkanies is to make money.
We know the buyout potential in this company but we've made 9%. If no one else sees value in a 9% guaranteed return and another feather in our cap, then so be it.
As for RAX, we're talking a 25% return- 25%! That's a huge win. But there is no factual research posted on this blog as to why it makes sense to ride it out with no ceiling. Do you know why it jumped 10% in a day? Find it strange that 4.5m shares were traded Friday versus the normal 1.7m? RAX primary income is generated by building business/data centers and leasing out capactiy- a percentage of that pertains to cloud computing. I'm interested to hear support as to why the hold makes sense and am certainly open to learn more.
My take on it is similar to the Bank of America debate of a year ago. I think we'll see RAX retrace back to the mid low-30's where we can set a re-entry point after pocketing some sure gains. It is a gamble, but it paid off on BAC and I think history shows us that if we monitor the company closely we'll have another opportunity as long as we aren't greedy.
Just so you know that going 8-2 in terms of selling stocks for a profit is what i would consider average, especially since the whole idea is to sell for profit and getting us to vote against the main concept of why we are here is very difficult.
I actually had higher than 8-2 expectations. As Chris Rock said, you are supposed to take care of your kids. We are supposed to sell for a profit.
The fact that we had to bail on two stocks for a loss is not good, especially in a rebounding market. This is not a sport where going 50% shooting or 33% batting is all star calibar.
Selling for a loss makes no sense, so that we did it twice isnt good, which is why i just said that again
Factual information on RAX (or anyother company), its out there. I encourage all of you to go find it. I use google finance for alot of my information gathering session. (http://www.google.com/finance?client=ob&q=NYSE:RAX)
Your are right that trading is up and so is the company value. A return of 25% is a lot, we could take a profit and hope it goes back down. that is something we all have decided not to do, short term trading. We could keep changing our position in this stock by selling now and then go back at it.
However, if we sell and the stock never drops, we may not vote to get back into this stock at a higher price than we sell today and that would be a mistake, in my opinion based on my information gathering sessions. (my notes say see google finance, RAX).
Cloud coumputing is up and coming and it certainly hasnt arrived yet, which is why i orginially tpyed RAX into goolge finance in the first place. Yes i understand RAX has more to it than cloud computing, but that is the path that lead me there.
Sure we can take the easy road and sell now, but "you miss 100% of the shots you do not take"-Wayne Gretzky.
We could always do a stop loss and take 15% if you think its going to drop? If it starts to move down heavily and you are right, we sell on the down slope and not at the bottom. Then we get back in at a lower price than we sold and make a 15% profit.
When it comes to BJ's I have to vote ol holding for now. I dont think BJ's is not a stock that we are going to sell and rebuy if the price drops again. I vote to hold and sell when the price reaches what we think it will when they decide to sell. I agree that a 9% profit is great but i think we will see more out of BJ's.
As for nice RAX i kind of agree with Ryan. 25% is great, but what happens if we sell and try to rebuy when it drops, but that never happens? I have researched RAX a little but I dont know as much about the company as Ryan does. I am going to vote on holding RAX until I see a reason to sell or someome convinces me otherwise.
Regarding 8-2; We sold ACUS and ESLR for 80% more than they are worth today- a decision to accept a loss that we all stand by. It is unfathomable to believe that even licensed stock brokers from Wall Street to Main Street are successful trading more than 80% of the time. Besides, if you compare betting to investing, wouldn't 51% be considered a winning record?
Regarding research/trading; We just sold a partial portion of Abraxus, so we are actively banking profits while still maintaining our position. There has to be a substantial reason RAX will continue it's escalation in value since it jumped 10% Friday (ie- BJ's buyout talks, Greece's economic struggles impacting Banco Bradesco). We need to know why RAX spiked and how they will maintain their climb, rather than falter back to our buy-in point. If anyone else was able to find such justification, please post. Sticking with RAX and risking our 25% return would make much more sense if we had some actual reasoning as to why the increase occurred.
My stance on BJ's hasn't changed. We bought the stock hoping for a buy-out and worse case owning shares in a profitable company even if the buyout never materializes. As of now we have a limit price set at 55, so that's our ceiling. I haven't read anything that indicates the company isn't going to be sold get out now? Let's stick with the plan and ride it out.
As for RAX, the first thing that comes to mind is how we played our EMC holdings or IMAX holdings. I think we made the call to bail completely without any real solid reasoning why. Because of that, we missed out on some big earnings. I don't want the same thing to happen with RAX.
However, the goal is to make money and its tough not to sell for a 25% gain, that's huge obviously.
I'll take the opposite approach as Joe. Until someone throws some hard numbers on this blog that indicate a downturn, I vote to hold the course.
My take on RAX is that when a stock shoots up like this you will see profit-takers typically cash in on the instant value in the security... resulting in the value dropping. Even if it only dropped 5% we'd be making a smart decision. My motion is to take the profit and set a repurchase price at a 5% discount to it's current share value with a trailing stop loss to that to prevent a loss of over our profit after the sale.
That is a smart play in my mind, but this is a democracy, not a cheer-ocracy, so I yield to the tally of the group!
I think buying back in between 5-10% is a good range. There is the chance that it doesn't drop this low, but I am okay with that chance based on your proposed plan.
12 comments:
I am still voting on holding on for the ride! I think we set a price in the $53 - $55 range to sell at. Unless you are seeing signs that they really are in trouble with that inestigation??
Our cost (including buy/sell comm) is $815.40 and our 18 shares are valued today at $888.65. Selling would mean a 9% gain.
Let's say we sold at market price of $49.37. If we expect the stock to climb another 10 percent, I second the motion to sell, bank the win and rebuy the holding.
I saw we hold on longer. if we are afraid of losing our profits, we can set up a stop loss. I would be okay with this, if the numbers work.
I think taking a chance on the upside is a good idea, especially if we protect ourselves from the downside.
I dont think we had a first motion to sell, but we do now with Money187's vote. I do not see an opportunity to rebuy the stock, at a better position than we purchased it at. Does anyone else think this stock is going down, other than Money187? I am presuming you think this stock is going down, since you would want to sell and then rebuy.
i say hold, but I am open to a stop loss.
We've held over 25 companies in our portfolio over the last three years. We've sold ten, eight for a profit. We should sell BJ because we're up 9% today and our goal when picking these copmkanies is to make money.
We know the buyout potential in this company but we've made 9%. If no one else sees value in a 9% guaranteed return and another feather in our cap, then so be it.
As for RAX, we're talking a 25% return- 25%! That's a huge win. But there is no factual research posted on this blog as to why it makes sense to ride it out with no ceiling. Do you know why it jumped 10% in a day? Find it strange that 4.5m shares were traded Friday versus the normal 1.7m? RAX primary income is generated by building business/data centers and leasing out capactiy- a percentage of that pertains to cloud computing. I'm interested to hear support as to why the hold makes sense and am certainly open to learn more.
My take on it is similar to the Bank of America debate of a year ago. I think we'll see RAX retrace back to the mid low-30's where we can set a re-entry point after pocketing some sure gains. It is a gamble, but it paid off on BAC and I think history shows us that if we monitor the company closely we'll have another opportunity as long as we aren't greedy.
Just so you know that going 8-2 in terms of selling stocks for a profit is what i would consider average, especially since the whole idea is to sell for profit and getting us to vote against the main concept of why we are here is very difficult.
I actually had higher than 8-2 expectations. As Chris Rock said, you are supposed to take care of your kids. We are supposed to sell for a profit.
The fact that we had to bail on two stocks for a loss is not good, especially in a rebounding market. This is not a sport where going 50% shooting or 33% batting is all star calibar.
Selling for a loss makes no sense, so that we did it twice isnt good, which is why i just said that again
Factual information on RAX (or anyother company), its out there. I encourage all of you to go find it. I use google finance for alot of my information gathering session. (http://www.google.com/finance?client=ob&q=NYSE:RAX)
Your are right that trading is up and so is the company value. A return of 25% is a lot, we could take a profit and hope it goes back down. that is something we all have decided not to do, short term trading. We could keep changing our position in this stock by selling now and then go back at it.
However, if we sell and the stock never drops, we may not vote to get back into this stock at a higher price than we sell today and that would be a mistake, in my opinion based on my information gathering sessions.
(my notes say see google finance, RAX).
Cloud coumputing is up and coming and it certainly hasnt arrived yet, which is why i orginially tpyed RAX into goolge finance in the first place. Yes i understand RAX has more to it than cloud computing, but that is the path that lead me there.
Sure we can take the easy road and sell now, but "you miss 100% of the shots you do not take"-Wayne Gretzky.
We could always do a stop loss and take 15% if you think its going to drop? If it starts to move down heavily and you are right, we sell on the down slope and not at the bottom. Then we get back in at a lower price than we sold and make a 15% profit.
When it comes to BJ's I have to vote ol holding for now. I dont think BJ's is not a stock that we are going to sell and rebuy if the price drops again. I vote to hold and sell when the price reaches what we think it will when they decide to sell. I agree that a 9% profit is great but i think we will see more out of BJ's.
As for nice RAX i kind of agree with Ryan. 25% is great, but what happens if we sell and try to rebuy when it drops, but that never happens? I have researched RAX a little but I dont know as much about the company as Ryan does. I am going to vote on holding RAX until I see a reason to sell or someome convinces me otherwise.
Regarding 8-2; We sold ACUS and ESLR for 80% more than they are worth today- a decision to accept a loss that we all stand by. It is unfathomable to believe that even licensed stock brokers from Wall Street to Main Street are successful trading more than 80% of the time. Besides, if you compare betting to investing, wouldn't 51% be considered a winning record?
Regarding research/trading; We just sold a partial portion of Abraxus, so we are actively banking profits while still maintaining our position. There has to be a substantial reason RAX will continue it's escalation in value since it jumped 10% Friday (ie- BJ's buyout talks, Greece's economic struggles impacting Banco Bradesco). We need to know why RAX spiked and how they will maintain their climb, rather than falter back to our buy-in point. If anyone else was able to find such justification, please post. Sticking with RAX and risking our 25% return would make much more sense if we had some actual reasoning as to why the increase occurred.
My stance on BJ's hasn't changed. We bought the stock hoping for a buy-out and worse case owning shares in a profitable company even if the buyout never materializes. As of now we have a limit price set at 55, so that's our ceiling. I haven't read anything that indicates the company isn't going to be sold get out now? Let's stick with the plan and ride it out.
As for RAX, the first thing that comes to mind is how we played our EMC holdings or IMAX holdings. I think we made the call to bail completely without any real solid reasoning why. Because of that, we missed out on some big earnings. I don't want the same thing to happen with RAX.
However, the goal is to make money and its tough not to sell for a 25% gain, that's huge obviously.
I'll take the opposite approach as Joe. Until someone throws some hard numbers on this blog that indicate a downturn, I vote to hold the course.
My take on RAX is that when a stock shoots up like this you will see profit-takers typically cash in on the instant value in the security... resulting in the value dropping. Even if it only dropped 5% we'd be making a smart decision. My motion is to take the profit and set a repurchase price at a 5% discount to it's current share value with a trailing stop loss to that to prevent a loss of over our profit after the sale.
That is a smart play in my mind, but this is a democracy, not a cheer-ocracy, so I yield to the tally of the group!
I will second that motion Patrick.
I think buying back in between 5-10% is a good range. There is the chance that it doesn't drop this low, but I am okay with that chance based on your proposed plan.
i third the motion...sounds like a good plan.
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