Grebnet's Two Cents

[grebnet]

Rgmi

RGMI ---well wrong call so far . earnings didnt look that bad except for dilution......well see.

At least HOM continues in right direction.

[peanuts]

RGMI ---well wrong call so far . earnings didnt look that bad except for dilution......well see.

At least HOM continues in right direction.

SIM is picking up as well

[billyjoe]

Grebs,
Just got HOM annual report. Looks like something I turned in 8th grade. At least we know they're not wasting $$ on fancy brochures. Actually it was just the notice of the annual meeting and proxy report.
billyjoe

[grebnet]

Aerta , Rgmi , Sim

I bought AERTA at $2.95 today. I figured it may go down from here but I hate when it doesnt and have to chase it . So if it pulls back more , I will add more.

RGMI- Im holding , I still believe in the company .

HOM to 15 .....and beyond ???

[grebnet]

I'm hoping everything I have right now is a great buy

Gotta be some bargains....which ones ...we'll see

[DSteckler]

Hoping is neither investing nor systematic trading...it's gambling.

[spikefader]

Hoping is neither investing nor systematic trading...it's gambling.

Unless of course your system includes the variable of hope.
For example, nothing wrong with green hope when you're letting winners run. But plenty wrong with red hope when your entry sucks bilgewater and you fail to trade your plan, or fail to even set one.

[B.J]

Webs and BJ have previously posted that they own SPIL.. Curious if they still do and any insight into it. Thanks.

Grebnet, thanks for starting a thread. You make some great picks.

SPIL - It's been hammered lately, but what hasn't. I still like it, fundies-wise, but my only uncertainty with it is that 2007 growth estimates don't set the world on fire. Technically, under the 50 SMA is always something to be cautious about, but appears to be making a serious effort towards bottoming. Still holding.

Sorry I hadn't gotten around to replying until now. I really need to get back to visiting this HUGE site more often.

[grebnet]

Investing is Gambling

Hoping is neither investing nor systematic trading...it's gambling.

For anyone who thinks that investing isnt gambling ....think again... Its like playing BlackJack some consistently do better than others by learning when odds are in your favor to hit or fold. BUT you cant beat surprise cards thrown at you. If it wasnt gambling , You would know what is coming.

My last 3 years have been great including this one but Im still gambling that the stocks I choose will do better than the 2.5% the bank will give me.

Every time I buy a stock, I Hope I'm right . If you know you are right it is probably illegal.

[spikefader]

I just re-thought it Greb....and it's still clear as mud hehehe

What's to become of me??!!.......do you mean to tell me I've turned into a hopeless Fuzzy-C-lovin' professional gambler with mixed up feelings of hope?! jejeje I think I need a therapist...

But seriously, I think if one doesn't practise good trade planning, risk control, diversification and money management then it surely is gambling.

[New-born baby]

For anyone who thinks that investing isnt gambling ....think again... Its like playing BlackJack some consistently do better than others by learning when odds are in your favor to hit or fold. BUT you cant beat surprise cards thrown at you. If it wasnt gambling , You would know what is coming.

My last 3 years have been great including this one but Im still gambling that the stocks I choose will do better than the 2.5% the bank will give me.

Every time I buy a stock, I Hope I'm right . If you know you are right it is probably illegal.

Buying stocks is not gambling any more than buying a business is gambling. If you went out today and bought a bookstore, you'd be hoping to make money from its operations, but that isn't gambling. Stocks are businesses; and there is a huge difference from gambling and buying part interest in a business.

[grebnet]

Its all how you view things.

So I decided to look up the word "Gambling":One definition listed is :

2. To take a risk in the hope of gaining an advantage or a benefit

Thats is exactly what you do when you buy a stock. Researching ahead of time and having a exit strategy improves your odds ,but still is taking a risk versus putting your money in an instrument with a "guaranteed " return.
Its all how you look at things. If you recommend a stock and I buy without even looking it up , then that is a pure gamble. If you historically pick winners, then my odds are a little better even if I dont do any DD . etc etc etc

I can only HOPE that we are nearing the market bottom . I have no means personally of turning the market . If I go long any stock today, I am betting that it is going to go up...

OK lets make some $$$$

[skiracer]

So I decided to look up the word "Gambling":One definition listed is :

2. To take a risk in the hope of gaining an advantage or a benefit

Thats is exactly what you do when you buy a stock. Researching ahead of time and having a exit strategy improves your odds ,but still is taking a risk versus putting your money in an instrument with a "guaranteed " return.
Its all how you look at things. If you recommend a stock and I buy without even looking it up , then that is a pure gamble. If you historically pick winners, then my odds are a little better even if I dont do any DD . etc etc etc

I can only HOPE that we are nearing the market bottom . I have no means personally of turning the market . If I go long any stock today, I am betting that it is going to go up...

OK lets make some $$$$

Well put Grebs. In a sense it's is all gambling or risk taking. It's the people who minimize their risk vs their reward and do their DD the most completely who will rise above the rest. Typically being the most thorough puts you a level above the ordinary to start with.

[New-born baby]

Yeah but . . . .

So I decided to look up the word "Gambling":One definition listed is :

2. To take a risk in the hope of gaining an advantage or a benefit

Thats is exactly what you do when you buy a stock. Researching ahead of time and having a exit strategy improves your odds ,but still is taking a risk versus putting your money in an instrument with a "guaranteed " return.
Its all how you look at things. If you recommend a stock and I buy without even looking it up , then that is a pure gamble. If you historically pick winners, then my odds are a little better even if I dont do any DD . etc etc etc

I can only HOPE that we are nearing the market bottom . I have no means personally of turning the market . If I go long any stock today, I am betting that it is going to go up...

OK lets make some $$$$

I see that definition in the dictionary, but Grebs, they are just giving that definition as a secondary usage of the word. We often use the word "gamble" in the vernacular apart from its strict definition.To use it that way here would also mean that you have to say that every single business--being a newspaper boy--is gambling. Too broad of a definition for me.

[sisterwin2]

Cnxt

cnxt has just been upgraded............ I was in at 2.20 and should of cash out a month ago.. looking at chart I see a lot of gaps to be filled...

I am "hoping" since I didnt stick to plan. What do you think?