posted
I commented to Blue about buyers moving in like vultures this afternoon, Thursday, April 14.
During this Bear market shakedown, this is an excellent time to engage in hours and hours of research. Smart vultures will be looking for those companies whose shares are showing strength during these bad market conditions.
Picking over the choice remains of a Bear attack is a good way to survive. Get off your duff, and begin picking through all the mess out there. Find those stocks which fell the least percentage points or actually gained percentage points. Those are the best pickings for Smart Vultures.
This is the art of "Defensive Trading" as mentioned. It is to find that which best affords your future survival; the best potential for personal profit.
Purl Gurl, Queen Of Vultures
Posts: 7504 | Registered: Dec 2003
| IP: Logged |
Heh! On oversold, yes, this is why hours and hours of research are needed. Companies which are black ink, reasonably increasing revenues, core products (food, clothing, housing, repairs) and very low or no loss in share price during this massive Bear attack.
Stay away from speculation. Move into sound prudent conservative investment and trading.
You, the reader, will only survive if you are a Smart Vulture spending hours and hours sky circling looking for the best fattest remains.
Research, research, research. That is your best survival tool if you are to stay in the markets this year.
Bear markets like this don't come along often. Don't just sit there on a branch, get out there and kill something as Glassman suggests.
posted
vultures, sounds appropriate. seems like every day this week i feel like prometheus chained up in the caucusus mountains, the vultures coming to eat my liver anew every day. every day i seem to lose 1 or 2% lately, ouch!
i agree with your thoughts above, Purl. but - i am seriously easily the most boring investor on this board. i own *one* stock that's not profitable and conservative and boring - and that's ALMI. and i'm getting spanked this week at just about the same clip as the broader markets. i was sorely tempted by BIPH at 2.20 today, but - decided against it, in trying to "retreat" away from speculation and towards value and the "core products" you mentioned. hard to know when to play vulture and pounce - every time i look at a stock and think "that's oversold, it's a good value", it seems to promptly dump another 5%. will keep at it and you *know* i am not shy of putting in time or research, but - i admit that this week has been discouraging, yeck.
TMFZ, the bid sat at 2.30 for awhile today - that is not even 4x last year's earnings! and this with interest rates dropping somewhat sharply this week. seems like a ridiculous value to me at 2.45, but - the way things are going this week, would it surprise me to see it drop to 2.25? dunno. would it surprise me to see ALMI drop to .75? dunno. NXG, how low can it drop? hard to figure out a good strategy for bad market times like this - i want to be a vulture, but hard to figure the timing of pouncing.
speaking of prometheus: d'aulaires greek myths - my all-time favorite children's book, a true treasure! anyone with kids, i highly recommend it. d'aulaires norse myths is great too, but - out of print and hard to find
Posts: 1698 | Registered: Mar 2004
| IP: Logged |
posted
Pardon me for imposing, but I can't resist. Whatever other delightful or imposing work you may like, there is no other best candidate for "favorite children's book" than Lewis Carroll's "CALCULUS FOR LITTLE PEOPLE", i.e., "Alice in Wonderland". And to get the jump on anyone that would complain that this is not an appropriate topic for this forum, I beg to differ.....perhaps Carroll's descriptions of calculus to a young niece do indeed complement the notions with which Miss Purl began this thread. Patience! Let the process develop and while it does, develop your intuitions and gather data, then apply them when you KNOW what CAN develop. Luck (the good kind, anyway) seems always to happen to the one who is prepared for it. Of course, I notice that, other tham me, all those that have participated so far in this thread are already patient scholars of the study and don't need my input. I certainly appreciate and admire the thoughtful commentary I find here.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
| IP: Logged |
posted
we need all input bdgee, i get tired of droning on - good to have new voices.
it is hard to decide, in contemplating your commentary, Miss Vulture Parking Choctow Halloysite Queen, which stocks to focus on. you mention:
"Find those stocks which fell the least percentage points or actually gained percentage points. Those are the best pickings for Smart Vultures."
several i have fall in this category, seem to be unaffected or blissfully unaware of the markets crashing all around them - RTWI, CLSI, MIG, and several others am holding. do i want to add to these, because they are showing strength in down markets, or - try to search out the ridiculously oversold ones? dunno. PDGE looks mighty attractive at 1.45, TMFZ, VFIN, ETLT, NXG, EDV.TO, and many of the other ones you mentioned because they've been crushed into the ground and seem so cheap to me now. definitely having trouble deciding on the pickin's today
Posts: 1698 | Registered: Mar 2004
| IP: Logged |
posted
Research is my game kids and still playing. Being so green, I try to watch as many external trends as possible. i.e. taking note of the dollar against emerging markets. At this time, I am happy with qoil, ctglf and hbsc. HBSC is going through an unusual trend that has been fun to play with. QOIL took a hit prior to the bear market trend and is hanging solid at its low market end. CTGLF has not moved from any market impact indicating to me it is a potential jumper to new heights. I definitely agree with the smart vulture, my only caution would be not to overextend oneself and get on the buy buy buy... Cheers
-------------------- Life only has so many choices, choose wisely. Posts: 97 | From: California | Registered: Apr 2005
| IP: Logged |
posted
maybe i'll end up prometheus, but - some of these selloffs are just ridiculous, imho. added PDGE at 1.38 here, watching several others.
Posts: 1698 | Registered: Mar 2004
| IP: Logged |
posted
yeesh, lousy week. my rule of thumb for next week is - to only buy when i see a price that makes me say out loud, "that is just f*ing ridiculous!". if i just say "dang that is a good deal" or just plain old "that's ridiculous", or i don't have to read the ticker 3x to make sure that i'm really reading it right, then: i'll wait for the oversell off oversold.
have no idea if that is a good or a bad strategy, guess we'll find out. scared to do much of anything today - sat on ALMI bid at .85 at the open and didn't get, so just added some more PDGE; and that was it.
metals - metals just got crushed again today, even though most were up on the day. EDV.TO, of the 40% discount to NAV, hitting $3 for the 4th time in 6 months. will be interesting to see if can bounce like the previous 3, an interesting chart:
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Roll Eyes]](rolleyes.gif)
![[Eek!]](eek.gif)
