GGB ==> The Groundhog Day Winner

[DSteckler]

Gerihearne, are you using a sell stop?

[mrmarket]

<< A stock isn't a loser if it outperforms the market over your holding period. >>

If the market's down 5% and your stock is down 3%, it's not a loser? It may have a higher alpha but on an absolute return basis, it's still a loser.

Yes..it's a money loser. No argument. However in the long run the market always goes up, so if you outperform the market, you get an "A" in my book.

[DSteckler]

<< However in the long run the market always goes up, so if you outperform the market, you get an "A" in my book. >>

Spoken like a long-term investor! But seriously, you can't be too wrong too long or you run out of money. And if you're managing money for others, relative performance is nice but absolute performance is what client's are paying you for.

[spikefader]

I wish you guys would hush up and just let MM play his plan.

You guys are welcome to your way of trading; leave well enough alone and focus on your own game. MM is happy, and profitable, and so are the vast majority of people who come here.

Newbies, including you guys, are welcome to either take his freely offered picks, or pass 'em up. Anything else and you're falling into the vat of trolls...just stirring up trouble. MM isn't going to change his ways based on anything you guys are gonna throw up. Why would he? If it ain't broke, don't fix it. lol

[hilss]

Ggb

I'm in @ 20.13...

MM rocks.

[spikefader]

Anyone looking for intraday TA to buy into it; this pattern shows the neckline bullish play with stop under lod.
Long 20.08, 2% stop for me.
Good luck folks.

[gerihearne]

sell stop

Gerihearne, are you using a sell stop?

Yes. I'm new at this and I use scottrade.com It makes trading easy for me, since I have a full time job in TV News and a full time family (2 boys).
Regarding my 19.95 buy price for ggb .. i noticed with my last 2 trades following mrmarketishuge .. both stocks went down before going up. On my way out the door this morning, i put in a buy for ggb at 19.95 ... (because two weeks ago when i was looking at ggb and having fun with the bee gee's music, i noticed the price hovered in the high 19's ..so, i was lucky this morning when it slipped down to 19.95 ...
mrmarketishuge!
________
Triumph Speedmaster

[gerihearne]

oops .. just learning

Gerihearne, are you using a sell stop?

ok, my bad. NO I am not using a sell stop.
I am using a sell limit. I just looked up the term (told u i was new). I have a few positions that I probably should get out of (not mrmarket picks), one is in gas EGN ... I will get out when the taxman tells me to. But in my way of looking at things there's always "hope" for a good stock to come back.
senior members ... BEAR with me
________
Honda CA175

[DSteckler]

<< I wish you guys would hush up and just let MM play his plan. >>

What is this, a cult? Is asking a question, or asking a poster to explain his/her methods, wrong? No one is trying to change anyone else's style, Spike.

[DSteckler]

<< I am using a sell limit. >>

Using sell limits is an effective tool for sound money management. Good job!

[Karel]

<< I wish you guys would hush up and just let MM play his plan. >>

What is this, a cult? Is asking a question, or asking a poster to explain his/her methods, wrong? No one is trying to change anyone else's style, Spike.

Come on, Dave, you are too busy scoring points to ask questions of $$$Mr.Market$$$. One doesn't need to be a cult member to notice that.

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

Regards,

Karel

[spikefader]

<< I wish you guys would hush up and just let MM play his plan. >>
What is this, a cult? Is asking a question, or asking a poster to explain his/her methods, wrong? No one is trying to change anyone else's style, Spike.

Is it a cult? lol I would call it loyalty to the priciples, but certainly not obsessive And I must have missed your question to MM asking for his style....did you post one? I have only read pithy criticisms in this thread. Maybe your questions are in one of the other recent threads focussing on MM's style.....

[mrmarket]

Good thing I didn't use a 3% stop...GGB reversed today and is now positive. I am HUGE!

[DSteckler]

Come on, Dave, you are too busy scoring points to ask questions of $$$Mr.Market$$$. One doesn't need to be a cult member to notice that.

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

Regards,

Karel

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.

[ParkTwain]

Diversification is a defensive strategy for maintaining wealth, not a means of building wealth via excess profits. It presumes a high degree of ignorance by the holder about the securities held.