Buy low, sell high

March 16, 2023, 07:23 PM

JR78

Buy low, sell high

Taking advantage of the recent banking crisis, I bought 500 shares of Credit Suisse for $1.96 a share. It closed at $2.16 today. One financial “expert” recently said it’s valuation will increase by 140%. I have sell order in when it hits $5.00. Capitalism at it’s best.

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Men who carry guns for a living do not seek reward outside of the guild. The most cherished gift is a nod from his peers.

March 16, 2023, 09:21 PM

StorminNormin

Hope it works out for you. I have only tried single investments a few times and it never worked out for me, but I am not an investment knowledgeable person.

NRA Benefactor Life Member

March 16, 2023, 09:41 PM

1s1k

quote:
Originally posted by StorminNormin:
Hope it works out for you. I have only tried single investments a few times and it never worked out for me, but I am not an investment knowledgeable person.

Smart. Buying single stocks for the average person over the long haul has proven to be way less successful. I don’t do it because it makes me watch and stress too much.

March 16, 2023, 09:42 PM

old dino

Looking back at their history for the last year ... $5 was the high, and they kept moving slowly down from there. And even looking at the 5 year trend ... $8 was the high with the same downward trend.

March 16, 2023, 10:24 PM

Rey HRH

You never make 100% of the shots you don’t take. I’m still kicking myself for missing Apple at $3 a share when Microsoft invested in them so they wouldn’t go under and leave Microsoft exposed to monopoly regulation.

"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.

March 17, 2023, 04:13 AM

Keystoner

It appears to be an impulsive decision, now with some trepidation and second guessing, and hoping for encouragement from the forum.

March 17, 2023, 05:53 AM

nhracecraft

quote:
One financial “expert” recently said it’s valuation will increase by 140%.

Jim Cramer?

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March 17, 2023, 07:44 AM

sig 226

quote:
Originally posted by nhracecraft:
quote:
One financial “expert” recently said it’s valuation will increase by 140%.

Jim Cramer?

There's an inverse Cramer ETF. And yes this same guy said to buy up SVB a few weeks ago.

Inverse Cramer

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9/11/01 Never Forget

"In valor there is hope" - Tacitus

March 17, 2023, 08:02 AM

Rightwire

I've heard rumor there is a bank in California who's stock is really down at the moment. Might be a good buy.

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343 - Never Forget

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March 17, 2023, 08:19 AM

John Steed

I admire people who have the guts and determination to invest in single stocks, but it's not something I have the tolerance for.

When / if the price hits $5, you gain about $3 per share, so about $1,500 profit before broker fees and taxes. Per my personal analysis, I would have to invest a LOT more to make it worth the trouble, but I couldn't take the stress.

... stirred anti-clockwise.

March 17, 2023, 08:26 AM

bubbatime

Should have bought some of those new fangled bitcoins when they were less than a dime a piece.

______________________________________________________
Often times a very small man can cast a very large shadow

March 17, 2023, 08:50 AM

RogueJSK

quote:
Originally posted by Rey HRH:
You never make 100% of the shots you don’t take. I’m still kicking myself for missing Apple at $3 a share

But you're not kicking yourself for missing Lehman Brothers at $3 a share, circa September 2008...

March 17, 2023, 09:40 AM

rizzle

Calling the bottom is never a good thing. It really can't get much lower. It either has to go up or this company that was founded in 1856 will go under.

March 17, 2023, 09:46 AM

RogueJSK

quote:
Originally posted by rizzle:
It either has to go up or this company that was founded in 1856 will go under.

This company that was founded in 1856 but that has lost over 30% of its stock value in the past 3 months, and over 70% in the past year.

Most of my post is tongue-in-cheek. But no, I'm not hopeful about CS's long-term prospects.

March 17, 2023, 10:49 AM

JR78

One of my other impulsive buys was 500 share of Apple in 1987 for a ridiculous cost of around $21 a share. I still have a little over 30,000 shares after all the splits.

______________________________
Men who carry guns for a living do not seek reward outside of the guild. The most cherished gift is a nod from his peers.

March 17, 2023, 11:15 AM

ElToro

quote:
Originally posted by JR78:
One of my other impulsive buys was 500 share of Apple in 1987 for a ridiculous cost of around $21 a share. I still have a little over 30,000 shares after all the splits.

Wow. Nice win. At this point you will need to just leave that to your kids and let them enjoy the step up in basis upon your demise, hopefully in many more years. I hate the .gov wasting my taxes so much I’d give it to charity before selling and paying all those taxes. I Assume you don’t have 1mm in unrealised losses to offset it.

March 17, 2023, 11:19 AM

ugeesta

quote:
Originally posted by JR78:
One of my other impulsive buys was 500 share of Apple in 1987 for a ridiculous cost of around $21 a share. I still have a little over 30,000 shares after all the splits.

Need to adopt a fully grown son?

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