Oh the humanity! See, Brain, this is why we have to take over the world today!
Jiesen tries to take over the world
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OK, I'm gonna try to use this thread to (aside from taking over the world) disclose my equity trades to you guys, seeing how everyone else seems to be doing it...
I appreciate any comments, jabs or whatever else smack-talk you may have to say about my moves. It all helps me out- since I'm here trying to learn how to be a better investor, and the more information the better...
I'm selling the market today (<1% of port) by closing out an underperforming mutual fund.
To give perspective, here's an *approximate* breakdown of my positions:
25% cash&bonds
25% mutual funds
25% $$MM stocks
25% other stocks
other stocks include:
10% each in LJPC and XING
>1% each in MRK MSFT DRUG.OB SSRI
<1% each in MSPD CNXT
that's it.
I include in my $$MM stocks RRGB and WSB in addition to the stocks $$MM currently holds... Also, I have increased (at least doubled) positions in PRX BEL OFG GGI and NUS
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actually LLY may not be a bad place to look for another drug stock... every analyst and their mother has downgraded it already, and with net assets around $10 and a 3% dividend, I wouldn't mind picking that up for around $50 or less... the drug companies are due for a comeback once this Vioxx debacle blows over. LLY should be trading at least at 70 by then. PFE is also a good buy now, IMO.
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Originally posted by jiesenhttp://www.theonion.com/news/index.php?issue=4049&n=1
Oh the humanity! See, Brain, this is why we have to take over the world today!
NARRRRFFFFFFFFFFFF!!!!!!!!!!!!! Thats un- - - - - - - Believeable!!!
IT'S TIME FOR ALL GOOD MICE TO RISE UP!!!!!!!!!!
I NEED A BEER!!!!
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Jiesen, You're right , PFE could make us very well off depending upon how patient we can be with a stock. I don't think long term is very exciting holding a stock for a year is worse than watching paint dry. Most paints are completely dry in 24 hours or less, right? MRK is on my sh*# list this time for selling Zocor which is slowly killing me.
p.s. how about "jiesen's world" for a thread name
billyjoe
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That's a pretty good mix of investment Jiensen.
I had a few mutual funds in my 457 account until I found that my stock picks were doing better, so I went all stocks and I'm doing better than ever. After closing out my SIRI position today, I'm up 24% for the year. I know funds are safer, but I would like to retire early. If I don't get to retire early I'll still be retired in 13 1/2 years at age 53, which is not too bad.
Even if I lost every dime of my account, I'd still be in good financial shape. My home is paid for and I have very little debt, so I'm willing to go out on a limb.
With the population getting older, I think medical stocks will continue to heat up. I can't wait until King of the Hill makes his next pick.
Bring on the Medical stocks!
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Originally posted by New-born babyWebs,
Why don't you get your world turning, too? We could call it, "As Web's World Turns" or some such a thing. Really, I would like to hear your next pick, your philosophy of picking, etc. Let the discussion begin!
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