AXR ==> The Independence Day Winner!

[lemonjello]

Most welcome!

Gentle Lemonjello,

Why it was a pleasure to provide some humble assistance for a fine and pleasant gentleman such as yourself.

With highest regards,

Lemonjello

Dearest Lemonjello,

Thank you for wading thru the complicated footnotes of the 10K and 10Q and providing that fine bit of concise, insightful financial analysis regarding the retail land value. Truly, you are a gentleman and a scholar.

[Hany]

Axr

This little guy was caught up in selling yesterday. Needless to say, Ernie's analysis completely makes sense and this is an undervalued stock. I have to say that the timing right now is perfect. I bought in at $50.70.

[DSteckler]

this is an undervalued stock.

What makes it an undervalued stock?

[studentofthemarket]

pure genius

This little guy was caught up in selling yesterday. Needless to say, Ernie's analysis completely makes sense and this is an undervalued stock. I have to say that the timing right now is perfect. I bought in at $50.70.

it is trading at 47.35 now. your timing is awesome.

otoh, my ibca pick is going up today. To be honest I didn't buy any more though. I got stopped out of it a couple weeks ago. I'm rather surprised it is still going up. but it was the strongest of the Huge ones top 5 or so.

student.

[DSteckler]

Student, are you here to add anything of value or just to snipe?

[Lyehopper]

Hey Lemon!.... "They" say a person who talks to himself ain't necessarily "crazy"..... UNLESS he actually answers himself back!.... SsSsSsSsSsssss!

[DSteckler]

Violated/tested support

Today's action broke the short-term support line and tody's low tested the intermediate-term support line. Heavy downside volume suggests this is institutional selling.

[Runner]

Folks in my short time here at MM’s site I’ve noticed he does not concern himself with market timing. In essence MM is a true fundamentalist. He is not concerned about today or yesterday. I think he invests into stocks with strong earnings and strong balance sheets. Sure he will wait for many to recover and some might not. I can’t fault MM as he has a system and seems to follow it. I think most of us one this site are swing traders or day traders. We don’t see things the same as a strong FA guy… MM, your awesome in sticking with your plans!!

[lemonjello]

Gettin crazy in here

Maybe that explains why I saw a MM pick go down today!

Hey Lemon!.... "They" say a person who talks to himself ain't necessarily "crazy"..... UNLESS he actually answers himself back!.... SsSsSsSsSsssss!

[mrmarket]

Folks in my short time here at MM’s site I’ve noticed he does not concern himself with market timing. In essence MM is a true fundamentalist. He is not concerned about today or yesterday. I think he invests into stocks with strong earnings and strong balance sheets. Sure he will wait for many to recover and some might not. I can’t fault MM as he has a system and seems to follow it. I think most of us one this site are swing traders or day traders. We don’t see things the same as a strong FA guy… MM, your awesome in sticking with your plans!!

There is more than one way to skin a cat. At the end of the day, the value of my IRA portfolio is many times what it once was.

[Hany]

Good for you

it is trading at 47.35 now. your timing is awesome.

otoh, my ibca pick is going up today. To be honest I didn't buy any more though. I got stopped out of it a couple weeks ago. I'm rather surprised it is still going up. but it was the strongest of the Huge ones top 5 or so.

student.

Hey Student,

The market is offering this company stock on sale right now and when the sale ends, it will get valued properly again. There is a lot of turbulence right now because Q2 earnings season started badly due to Alcoa and investors are worried about world politics. How does that affect this stock? Fundamentally nothing but a stock is only worth what someone is willing to pay for it. Right now, Mr. Market is in a bad mood. I'll wait for him to get into a good mood. IBCA is a good choice too.

[skiracer]

There is more than one way to skin a cat. At the end of the day, the value of my IRA portfolio is many times what it once was.

Ernie,
We all hit the skids occassionally and have a loser or two an it doesn't mean a thing. You are without a doubt the greatest host ever an a great trader with a solid discipline. There aren't many that can match your overall record, credentials, and stature in my mind. And besides that what man doesn't have his ups and downs over the course of time. You're the best and thanks for everything you have brought to this forum and provided us with. You take your lumps and wear criticism as well as anyone I know while learning in the process an are a credit to the investing community. You don't owe us or anyone any explanations or have to defend your trades in my mind. Keep it in mind that most everyone here has made money on any number of your picks.

[mrmarket]

Ernie,
We all hit the skids occassionally and have a loser or two an it doesn't mean a thing. You are without a doubt the greatest host ever an a great trader with a solid discipline. There aren't many that can match your overall record, credentials, and stature in my mind. And besides that what man doesn't have his ups and downs over the course of time. You're the best and thanks for everything you have brought to this forum and provided us with. You take your lumps and wear criticism as well as anyone I know while learning in the process an are a credit to the investing community. You don't owe us or anyone any explanations or have to defend your trades in my mind. Keep it in mind that most everyone here has made money on any number of your picks.

Ski....thanks for the kind words. Your contributions to MY forum, greatly exceed any I have made myself. Having said that, I really only meant to say that there is more than one way to skin a cat....

Maybe a better way to say it is the story of the tortoise and the hare. The day traders and TA guys love to jump around. Within the milliseconds that they live in, they each have their own systems and theories that they refine and personalize, and hopefully make money.

I try to catch a wave and ride it. Sometimes the wave takes me to the shore...other times it breaks a little funny. But in either case, the wave I jump on almost always has some energy underneath it that will eventually propel it to where I want to go.

Or maybe the gamblers will enjoy this analogy...the blackjack player counts the cards and adjusts his bet when the deck favors his position (the daytrader / TA)..making hundreds of bets an hour

The sports bettor studies for a week the offenses/defenses, tendencies and exploitation pontentials and sifts through the point spreads of hundreds of games to find the best value and only THEN does he plunk down the one best bet for that week.

Most of the time you win...sometimes you lose. But as long as you have confidence in your system and understand the basis for your success, it's good to be consistent in your approach.

[mrmarket]

Hey Student,

The market is offering this company stock on sale right now and when the sale ends, it will get valued properly again. There is a lot of turbulence right now because Q2 earnings season started badly due to Alcoa and investors are worried about world politics. How does that affect this stock? Fundamentally nothing but a stock is only worth what someone is willing to pay for it. Right now, Mr. Market is in a bad mood. I'll wait for him to get into a good mood. IBCA is a good choice too.

I'm not in a bad mood. I liked AXR more because of its balance sheet than because of its momentum traits. If the Rio Rancho land value dropped in the last few days please let me know...I didn't hear anything about it.

[billyjoe]

Mr. Market,
I always remember the comments of an investor who said "thank God the real estate values of each individual's home isn't posted daily, there'd be panic in the streets as the prices went up and down"

----------billyjoe