Got out of ICPT and waiting for a pullback as it has had a huge run up.  Problem is that it will have a market cap 3-4 x its current one once their drug results come out due to first-to-market status.  They might not get that far before being bought out and I really don’t want to be out when that happens.  The drug *supposedly* has a fairly “easy” phase III hurdle to get over based on changes made to the study expectations by the FDA.  You never know.  It is a buy on a pullback to $85 for me.  Current support is around $92.50 on this recent plateau, but if it starts moving again, the sky is the limit from here (not much resistance).

Also hoping for a small position in VLE.TO (PNWRF for OTC Americans like me) to blast off this winter as another poster on here has hoped.  Success there is probably a 10-20 bagger which is why it is probably a small position I’ll never see again LOL.

robsutherland posted:

Apparently the stocks I like are the best stocks! I just won the Starmine/Thomson Reuters award for Best Stock Picker in my sector!

Yes I am ABSOLUTELY tooting my own horn. 

Congrats! One of my clients was the founder of Starmine and sold out to Thomsen. Needless to say he's comfortably retired and enjoying the wines in the cellar he built

Doh!!!!  Maybe G-Man will find that he will be able to put some of his cash to work soon.  Or not.  Hard to tell if this is going to be an air pocket or if the whole thing is going to pop again.  Either way, longer-term buying opportunities on the way for those holding cash.

I just bought some Invesque (TSX:IVQ.u) which is paying a 10.6% dividend with a low 70%'s payout ratio and is trading about 35-40% below NAV. Great platform and assets, the last iteration of the company (same management, different assets) was taken out at a massive premium by a US player and after the non-compete ended they've just done the same thing again. It can only trade this far below intrinsic for so long before something happens. 

Looks?  It's already in correction territory.  

Tho amusingly folks talk about how the 1966-1982 period in the market may never happen again.

We are now in similar phase of the market cycle.  1960-1965 saw very very h ealth gains in the market, then it stagnated for the next 16 or so year while struggling with insane amount of inflation.

Will it happen again?  No idea, but i do know for a mature market you don't pump more money and add to the deficit when the economy is good.

https://research.stlouisfed.or...and-lessons-learned/

Expansionary monetary policy brought on by massive tax cuts when times are good and natural unemployment at decades low.

Funny that the roles are now reversed and the fed is looking at this thinking the 70s might come back again where inflation starts sitting at all time highs.

You can only see why the Fed is hesitant to pause on the interest rate hikes.

However the Fed is not free of blame, t hey forget the second part of the lesson where price stability is first and foremost the most important thing for price stability, which leads to consumer confidence.

But just piss poor management all around during this administration.

I hope someone will realize that the US is not an episode of the apprentice, but i'm not holding my breath

Brutal week.  And I won't be surprised if the freefall continues until trade issues with China are at least somewhat resolved.  Could be months, and a probable dive into bear territory. 

On the optimistic side, I picked up some RYU ('Respect Your Universe''), an athleisure clothing biz that looks alot like Lululemon in its early days. Seems to have a loyal and growing fan base, cool stores in hip shoppping districts and what the heck - it's 0.12 a share. 

vint posted:

Brutal week.  And I won't be surprised if the freefall continues until trade issues with China are at least somewhat resolved.  Could be months, and a probable dive into bear territory. 

On the optimistic side, I picked up some RYU ('Respect Your Universe''), an athleisure clothing biz that looks alot like Lululemon in its early days. Seems to have a loyal and growing fan base, cool stores in hip shoppping districts and what the heck - it's 0.12 a share. 

Brutal year overall. Market at a 13 month low. 

Where is the orange dump?

Well, we just had the worst week in the market in a decade, worst December since the Great Depression and the entire market is at a 14 month low.

Fret not, the Orange Dump is meeting with his senior advisors, Coulter and Limbaugh as we speak. Remember, Trump only hires the very best! 

This winning sure is getting old...

Ah, there's no causative effective between investment of assets to infllation.  There may be a coincidental correlation but i wouldn't use it to gamble on.  In essence, me and you taking our cash out and stuffing it under our matress is different then when the central banks around the world go doing the same thing.

The shrinking of hte money supply, usually leads to a deflationary scenario since there's less money going around, thereby making it worth more.  This causes asset classes to fall against the value of money since money's now worth more.

Heavy inflation comes from big governmetn deficits and huge spendings where the US just starts issuing more and more debt.  It gets exacerbated when we have a huge debt and go into recession, causing the central bank to be accommodative.   (roughly simplistic, but it's the gist of it!)

in the current market, I don't like much.  When Pres. Trump took office, the DOW was around 19,800.  It got up to 24,800 in one year (by 1/1/18).  Since then, it hasn't done much, and these tariffs are killing companies and will kill consumers.  It's about 25,150 as I write this on May 29, 2019.  So, since the beginning of 2018, it is only up 350 points or so.  Negligible. 

I got out of BYND back on the 17th. I was in for 5 days and a 35% profit. It sank like a stone immediately after that.  But in the past two days it's shot up 30+% based on some news about building a European manufacturing plant. 

Talk about volatile. You can't time the market, but this seems to have been an easy one to do some quick in-and-out trading and make substantial returns. I expect it'll sink again soon.

I just cam into some inherited cash... thinking of Apple.  Just heard that they and Goldman are teaming up to introduce a new type of pay as you go.  Also, none of our payment systems are in China as of yet are they?  Could this be the one?

Also thinking about Ford..

Add Reply

Likes (0)
×
×
×
×