GGB ==> The Groundhog Day Winner

[ParkTwain]

For the way Ernie plays his picks, diversification seems to be a LOT better to reduce risk than stops.

I wouldn't say that $$MM$$'s holdings are "diversified" by any design. The number of his holdings is due more to his preferred maximum $ position combined with the total size of his investing bankroll, if I remember his previous postings on the topic.

[skiracer]

[QUOTE=mrmarket]Good thing I didn't use a 3% stop...GGB reversed today and is now positive. I am HUGE![/QUOTE
Ernie,
I dumped every position I had: Out of ELN, an IDNX. Bought another full position in GGB at $19.80. Holding 2000 shares now. I can only say that your stock picking abilities are only surpassed by your ego. But in all honesty you have made a believer out of me after all this time. Any newbies will eventually, after witnessing a dozen or so successful trades on your part, come to the realization that although you love to bullshit you are not a bullshitter. Great play with GGB.

[mrmarket]

[QUOTE=skiracer]

Good thing I didn't use a 3% stop...GGB reversed today and is now positive. I am HUGE![/QUOTE
Ernie,
I dumped every position I had: Out of ELN, an IDNX. Bought another full position in GGB at $19.80. Holding 2000 shares now. I can only say that your stock picking abilities are only surpassed by your ego. But in all honesty you have made a believer out of me after all this time. Any newbies will eventually, after witnessing a dozen or so successful trades on your part, come to the realization that although you love to bullshit you are not a bullshitter. Great play with GGB.

Let's get them Ski....when do we get the dividend?

[mrmarket]

Happy Days

"HOPES FOR A BETTER 2006

Gerdau is betting the Brazilian market will bounce back in 2006, in part because the economy is expected to grow at a faster pace and also because the government just announced tax breaks aimed at bolstering the construction sector.

"This year, with interest rates on the decline, the government's construction package, demand should improve and so should our profit margins," Frederico Gerdau Johannpeter, the company's senior vice-president, said on a conference call.

Johannpeter also said Gerdau planned to invest $3.6 billion in its operations over the next three years."

[spikefader]

Who's looking to score points? C'mon now...hasn't anyone here ever heard of the Socratic method of learning -challenge and defend? It's still the most effective way to teach a methodology and has been for a few thousand years. If no one questioned the status quo, we'd still be drawing stick figures in caves.

I agree with you on diversifying a portfolio, BTW. I think in one of my early posts I explained how excluding my swing trades and one or two daytrades, I typically hold a 50 - 75 position portfolio. It uses no stops, letting the diversification keep me from getting hit too hard if any one position heads south.

I thought Socratic method was more about teaching by asking from a unbiased perspective, building motivation and enthusiasm and positive atmospheres......give me the reference where it's about defiantly challenging, introducing bias and inflaming a defence??

Why not just politely ask and polite encourage? Many of your posts aren't exactly polite or respectful and certainly don't encourage harmony.

[Karel]

Just an idea: we don't start a discussion on the Socratic method, we are going to discuss $$$Mr.Market$$$'s method somewhere else, f.i. here, and discuss GGB in this thread. I know there are more threads were discussions are rather wide-ranging, but this may give us an opportunity to go somewhere else, wipe our shoes, and stop leaving muddy tracks.

Regards,

Karel

[skiracer]

[QUOTE=mrmarket]

Let's get them Ski....when do we get the dividend?

I had been looking at GGB over the last couple of weeks an almost all of my trades are based on the the technical side and the chart. I liked the stock but to be honest I knew they were in the steel sector but didn't even think of any dividend. Always nice. Every dog deserves a bone.

[DSteckler]

<< I thought Socratic method was more about teaching by asking from a unbiased perspective, building motivation and enthusiasm and positive atmospheres......give me the reference where it's about defiantly challenging, introducing bias and inflaming a defence?? >>

Law school.

[spikefader]

boom boom

[DSteckler]

Agree or disagree - no one could have been better cast than Jack as Satan in The Witches of Eastwick?

[mrmarket]

Agree or disagree - no one could have been better cast than Jack as Satan in The Witches of Eastwick?

I liked him better in The Last Detail

[DSteckler]

"Heeeeere's Johnny!"

[Gatorman]

"Heeeeere's Johnny!"

Yes:The Shining.
Now we're talking great performances!

[skiracer]

Yes:The Shining.
Now we're talking great performances!

Have to agree. The Shining was indicative of him at his scariest. A great performance.

[DSteckler]

"You want the truth? You can't handle the truth!"