april showers

[DSteckler]

Don't waste your time trying to explain it to them. When people ask me what I do for a living, I tell them I'm retired. When they ask what I use to do, I say I was a professional cigar smoker <g>.

[Karel]

Yes, eerie experience. Obviously they wanted you to join the Oooh and Aaah chorus, and you wanted to talk business instead. Will they ever forgive you?

Communication might be impossible indeed. If there are people in the group you care (a little bit more) for, you could try a one-on-one. That might work better than in a group. But this has all the risks that accompany unasked for advice, and after a bad beginning too. Tread carefully, or stay away.

Did Cramer give a target price?

Regards,

Karel

[lemonjello]

Boooooooyah

Does this sound like a market top behavior. The whole Cramer thing seems like something that happens before a crash.

Maybe not.

Fast forward to yesterday. One of the ladies at the cookout asked me
to stop by yesterday. Talk about being blind sided. There sits this group
of ladies who have all opened brokerage accounts this week.
Surprise.....surprise! They each have a stock their going to buy (how
quaint). Now I’m still trying to figure out what they want from me
when they start telling me about their stocks. Had anyone performed
any FA or TA research? NO! Why were they buying them....... because
Cramer said so. The conversation wasn’t one of my more fun ones. I
tried to encourage them to educate themselves...... they don’t think
they need to and don't want to spend that much time..... Cramer is
soooooo smart. They think they have the next Walmart and Google.
I told them if it was that easy we would all have Gates' and Buffet’s
money. I explained that I’ve studied for years and still have lots to
learn. It was all a useless effort.

I’ve had 4 phone calls this morning already. Thank goodness for caller
ID because I’m not taking those calls! Bets on how long it takes them
to lose half of it?

I think I fell into the twilight zone.
Shadow

[Shadow]

Did Cramer give a target price?

Target price......I did ask.... they asked what's a
target price?

I did suggest a few books and paper trading; they disregarded
that idea.

I guess I won't be invited to the next cookout!

Lemonjello: You may be right!

Maybe I'll take Dave's advice and raid my husband's humidor.

Shadow

[gerihearne]

great story

I did suggest a few books and paper trading; they disregarded
that idea.

Shadow

Enjoyed your story ... sounds like you would be better off pulling a steckler .. lol ..

Shadow, what books did you/do you suggest?

[Shadow]

Shadow, what books did you/do you suggest?

That question made me chuckle. Those ladies didn't even
know the most basic of terms and which way was right side
up on a chart. They need to start with the VERY basics first.
So......I recommended "Investing for Dummies". It seemed
like a good place for them to start. LOL

Now.... let's hear from the crowd here.
What are your favorite stock market books?

Shadow

[gerihearne]

it's raining madness, alleluiah!

I had to check my calendar .. is it May already? Those showers are turning into dollars
But no elation here, steady as she goes ...

Shadow, the dummies book is on my list. This business is tough. Kudos to all of you!!

Warmest,
Geri

[DSteckler]

That question made me chuckle. Those ladies didn't even
know the most basic of terms and which way was right side
up on a chart. They need to start with the VERY basics first.
So......I recommended "Investing for Dummies". It seemed
like a good place for them to start. LOL

Now.... let's hear from the crowd here.
What are your favorite stock market books?

Shadow

"24 Essential Lessions for Investment Success," William O'Neil

"Dave Landry on Swing Trading," David Landry

"Technical Analysis, A Personal Seminar," NY Institute of Finance

[Shadow]

I had to check my calendar .. is it May already? Those showers are turning into dollars
But no elation here, steady as she goes ...

Shadow, the dummies book is on my list. This business is tough. Kudos to all of you!!

Warmest,
Geri

It is a good book for starting out. You're right...it is a hard
business and they need to at least learn what a MA is. It's
all I can do to keep up with my own market education; they
are on their own!

I'm glad your showers are turning into dollars. I had a good day
yesterday but my screen is very red this morning. Can you send
some of those showers my way?

Shadow

[Lyehopper]

I thought I would relay this story......more as a way to vent than
anything else. It’s not an April shower; more like a thunderstorm.

I’ve been following the market and investing for many years but
a few years back I began to pick up my pace and became a lot
more involved on the technical side. The results have been worth
all the work / education involved and my investing has improved.
As you all know it takes a lot of work, study and experience to
even began to know 10% of it and the learning never stops.
I still have lots of learning to do.

Over time friends and family have picked up that I’m really into
the market. We’ve been at get togethers and you know how that
goes....... the men in this corner talking and the ladies in this corner.
Some man will begin discussing the market and look at my husband,
he will reply don’t look at me, my wife’s the market person at our
house, ask her. It usually stops the conversation right there. A few
chuckles about the little lady and her milk and egg money. Grrrrrr!!!!
As a result we usually try to steer clear of any and all market talk.

This weekend we were invited to a cookout. Everyone was having a
good time and THEN some idiot started talking. The main idea I
got was this........ “ cute the little lady plays with her stock. I guess
it keeps her out of trouble; my wife just spends hers at the mall. They
just have to spend it somehow.” I actually can’t remember the last time
I was so furious! Luckily my husband was smart enough to step in before
my temper cut loose and explained I was doing VERY well. Percentages
do have a way of shutting CPA’s up!

Fast forward to yesterday. One of the ladies at the cookout asked me
to stop by yesterday. Talk about being blind sided. There sits this group
of ladies who have all opened brokerage accounts this week.
Surprise.....surprise! They each have a stock their going to buy (how
quaint). Now I’m still trying to figure out what they want from me
when they start telling me about their stocks. Had anyone performed
any FA or TA research? NO! Why were they buying them....... because
Cramer said so. The conversation wasn’t one of my more fun ones. I
tried to encourage them to educate themselves...... they don’t think
they need to and don't want to spend that much time..... Cramer is
soooooo smart. They think they have the next Walmart and Google.
I told them if it was that easy we would all have Gates' and Buffet’s
money. I explained that I’ve studied for years and still have lots to
learn. It was all a useless effort.

I’ve had 4 phone calls this morning already. Thank goodness for caller
ID because I’m not taking those calls! Bets on how long it takes them
to lose half of it?

I think I fell into the twilight zone.
Shadow

LOL.... I have an idea Shadow. Answer the phone!.... Don't alianate your client base! Convince them you're a very good stock picker and then tell them that your time is valuable and you'll have to charge them a little (side fee) for advise. Crammer gets paid to throw chairs around right?.... Why not you?

Then you can take your "side fee" dollars and play the WTAMC with Doug and me.... hehehe

WoW look at my ECOL!!!! HOT, HOT, HOT!!!!

[Shadow]

LOL.... I have an idea Shadow. Answer the phone!.... Don't alianate your client base! Convince them you're a very good stock picker and then tell them that your time is valuable and you'll have to charge them a little (side fee) for advise. Crammer gets paid to throw chairs around right?.... Why not you?

Then you can take your "side fee" dollars and play the WTAMC with Doug and me.... hehehe

WoW look at my ECOL!!!! HOT, HOT, HOT!!!!

LOL, good point Lye. I'll keep your advice in mind.

I'll make you a deal; I'll cheer for your ECOL if you cheer for
my AIRM. I'm a few %'s from a double. A little cheering might
help or was that goji?

Shadow

[gerihearne]

may flowers?

I'm glad your showers are turning into dollars. I had a good day
yesterday but my screen is very red this morning. Can you send
some of those showers my way?

Shadow[/QUOTE]

Hey, Shadow .. have a look at egn and aace ...
and of course, i'm also following the great and wonderful $$$mrmarketishuge$$$

[gerihearne]

had another thought

I'm glad your showers are turning into dollars. I had a good day
yesterday but my screen is very red this morning. Can you send
some of those showers my way?

Shadow

Hey, Shadow .. have a look at egn and aace ...
and of course, i'm also following the great and wonderful $$$mrmarketishuge$$$[/QUOTE]


maybe it's just that my picks aren't s---ing so much ... that they actually look good to me

i think once my portfolio hits 15% up, i'm going to go to cash for awhile ...
my problem is the ONLY way i learn most things is by doing ... so, i've been doing .. maybe your ladies are the same way? learn by doing?

lol

i love lye's idea about making money off them ... leave it to the renaissance man to come up with that one!
go PARL

[Shadow]

i think once my portfolio hits 15% up, i'm going to go to cash for awhile ...
my problem is the ONLY way i learn most things is by doing ... so, i've been doing .. maybe your ladies are the same way? learn by doing?

i love lye's idea about making money off them ... leave it to the renaissance man to come up with that one!
go PARL

Thanks for the tips and hopefully that shower will get here soon!

I agree, I learn my doing myself. These ladies don't want to
learn. They want to buy a stock because someone like Cramer
said so and then spend the day at the country club discussing
their wonderful stocks. No time for learning and DD.

I haven't returned those phone calls. I guess it's safe to say
I'm off the BBQ invitation list now. Maybe Lye will put me on
his BBQ list if I bring the Harley?

Shadow

[Lyehopper]

Thanks for the tips and hopefully that shower will get here soon!

I agree, I learn my doing myself. These ladies don't want to
learn. They want to buy a stock because someone like Cramer
said so and then spend the day at the country club discussing
their wonderful stocks. No time for learning and DD.

I haven't returned those phone calls. I guess it's safe to say
I'm off the BBQ invitation list now. Maybe Lye will put me on
his BBQ list if I bring the Harley?

Shadow

LOL.... Yeah, I love to invite Harley trash over to my cookouts!!!!.... Heck Shadow, you're only an hour or so from me! Come on over! Just leave that HUUUUGE old dog of yours back in the Shenandoah Valley.lol