BTW, as I tell my College students...always check Price to Book valuations. HANS is nearly 14 times it's $2.81 Valuation. We "pair" a zillion companies, generally buying value, shorting "growth"...and sure, we get caught for the short term at times, but we do very well overall (not "daytrading" more of our Family portfolio management). I hope you get your money back if you lost some in Hansen. All the best, Don
Yea Hans cost me a tidy sum but in the long term I think things will be OK. What clases do you teach? Econ is suppose?
3000 is 40% from here. No chance of that happening in a couple months. You need to look at things more realistically. Amazing when we have a couple up days people start acting like that's the norm and it will continue. And you're totally wrong on short sellers losing most of the time. It's quite easy to make money on the short side. After the past 2 days of big gains I went short today and patiently waited for the market to begin to selloff. I let the market tell me when to cover (short) or sell (long). When the market gets overheated short term it's quite easy to make money on the short side. Gains have to be digested and pullbacks are both healthy and necessary.
And the same is true with playing the long side .. you have to know when to sell because you can lose a lot of money as well. Quick story .. I shorted VTSS in Feb. 2000 at $96. The next day it hit $116. I was on edge. But I also realized that gains of 20% in a day could not continue. I have since covered for a nice profit and today VTSS sits under $1. But think of all the "losers" who went long at $90, $100, $110 and may have never sold due to being stubborn. No reason to play just one side of the market ... not many football team pass (or run) only. I think you need to use all the options you have to make $$$. http://finance.yahoo.com/q/bc?s=VTSS.PK&t=my
From the online catalog: http://www.ccsn.edu/workforce/community/courselist/financial.aspx Number CFIN155 Introduction to Professional Stocktrading One of the largest professional stock trading firm in the U.S. is located in Las Vegas. Bright Trading® has joined with CCSN to provide you with a great opportunity. This course may lead into a full time career and the right students may qualify to join the firm with little or no money! Class is designed to teach you about how the professionals trade the markets. Learn about electronic trading: Momentum trading, Day-trading, Arbitrage and much more. With over 20 years experience, the Bright brothers will teach you what you need to know to embark on this exciting, independent career! Sort of our way of "giving back" to the Community, keep people away from stockbrokers and financial advisors...teach them how to handle their own money....we do introduce them to trading, but we realize that most won't want to trade, most want to take control of their own finances. Don
It has been many months since I have last replied to this thread and almost 6 months since it began Lets check on my progress HANS bought at $43.5 now $32.5 loss: 27%..ouch TIE bought at $32 now $29.3 loss 9% CHAP bought at $34.5 now $41.5 gain: 20% GOOG bought $411 now $481 gain: 17% AAPL bought at $57 now $81 gain: 42%!!!!!!!!! Overall: 8% gain Pretty good after many people wrote me off as being inept Where are the bears? HMMMMMMMMMMMMMMMMM? Also my prediction about the nasdaq rebounding to 2350 also came true when it was at $2040. 300 points added...p00f added. Where are the bears now? Did they cover?
lmao. Your predictions were not predictions for the next 6 months, they were were predictions as it was happening. They were wrong. Get over it, you're not a guru.
You only bought and held because you didn't want to be wrong. LMAO, you had dead money for 4 months to make 8%. You could have sold and bought an index fund and done better.