Tondas
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Posts posted by Tondas
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I'm retired and an introvert (or as I call it a Coronavert). Life is good. I've been self-quarantining since I was born. What's the problem????
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I worked for OSP. He donates to good causes but is not a good man. He's an oxymoron. Maybe it's the charitable tax deduction? But his money does good. I guess if he helps people it doesn't matter how much of a dick he is.
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49 minutes ago, dudacek said:
So there is not such thing as small any more?
I need a good retort when I hear this from my wife,,,,,,,,,,again.
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19 minutes ago, Pimlach said:
Who cares how he would do today. He adapted his game to the game at the time. #1 draft pick and he made an impact right away.
The guy beat up Cashman, Orr, and Vadnais in the same game and he was a rookie. I was there watching it. How can I not pick him.
Agree 100%. Schoeny gave the French Connection "freedom" to do what they did.
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4 hours ago, Neo said:
I dig the Peca support!
That's what I tell my wife all the time!
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Just did my yearly binge watch of Father Ted. Funny as hell (pun intended) even after more than 20 years.
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5 hours ago, Pimlach said:
I was at the game versus the Soviet Wings The Aud was just insane. We banged them around and we out-skated them too. Korab was a monster that night. I think Schoeny was out. ?
The French Connection was free to play their style and they did not disappoint. In fact, all the lines scored I think.
Up until that game both Russian Teams were dominating the NHL. Proud to be a Sabres fans back then. We set the tone and made a blueprint for the rest of the NHL to follow.
You are correct Punch, I misstated the Soviet Red Army for the Soviet Wings. We're talking about the same game. It was electric in The Aud.
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6 minutes ago, PerreaultForever said:
This is blatantly false..........but I can't say anything "political." so that's all I will say.
I remember the day when facts were facts and politics was politics. Now the line is so intentionally blurred, it's hard for some to distinguish between the two.
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2 hours ago, Doohickie said:
I'm also working from home.
I got out today and took a bicycle ride.
I started out by picking up a prescription for my wife through the drive-thru
Then I hit the trails. Due to recent rains, I couldn't cross here...
I ended up with about 20 miles.
If you didn't enjoy your afternoon as much as I did, DILL WITH IT.
Man, compared to you @Doohickie, I am definitely a Donthickie. I read your post and needed to sit down with a Gatorade.
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Campbell's hit may be the best open ice, clean hit I've ever seen.
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10 minutes ago, Ogre said:
I meant more along the lines of what a typical 14 year old boy is thinking....constantly.....also willing to dive into things head first.
OK. I get you now. Believe me, I used both hands if "other options" were not available.
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3 minutes ago, Ogre said:
You were thinking.....Don't BS me man.....
You got me, I was invincible then, not too much now. Actually not at all now. I get intimidated at a Walmart check out line. They're frickin'' vicious.
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2 hours ago, SwampD said:
Sometimes, the answer is just,... dogs.
When I was 14, that's the way I would chase a team dump in.. Today I think, WTF was I thinking. Oh wait, I was 14 and not thinking.
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I'm going to use my left hand instead of my right.
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I was at the Central Red Army game. Shoeny and Korab set the tone early. They hit everyone and had the glass rattling from the get go. It was like the Red Army team tried to hit on their sister. The Aud crowd was going crazy.
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Drinking.
Reading about how bad drinking is for my health.
Drinking some more.
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19 minutes ago, BagBoy said:
In my younger days I was definitely doing the mutual fund thing. But I just had a problem with the huge percentage the mutual fund companies were taking. I would very much prefer ETF's to mutual funds today.
Great point. Although there are low cost mutual funds in the market, ETF's are hard to beat. If I had to do it again, I'd go ETF's (although they weren't born when I started to invest). But hey, I'm 58 and retired for 3 years so I'm not going to be a dick and complain. ?
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16 minutes ago, BagBoy said:
When I was younger, I was convinced there was "a path" to consistently making money in the market, and then I found William J O'Neil's "How to Make Money in Stocks", which proved my assumption correct. I can't recommend it highly enough. Like anything else good in life, the knowledge you gain from reading it will only be a small part of the equation. There will be a lot of work involved, namely constant research and vigilance.
In a nutshell, here is the gist of it. There are 2 main components. Find sound, viable companies. Then figure out the optimal time to invest in and sell them.
For finding sound, viable companies, think CANSLIM. You will need to find companies that best fit the CANSLIM profile.
C - Current quarterly earnings (QE). Look for companies with not only exceptional current QE, but rising QE.
A - Annual Earnings. Same as C. You want both A and C to eliminate flash in the pan companies and anomalies.
N - New. New product, new industry, new demand, new CEO, new marketing strategy, etc. If you want a company's stock to really make some noise, don't expect them to do it by doing nothing innovative or avoiding change.
S - Supply and Demand - This relates mostly to the number of shares available in the market of a given stock. Big companies generally have too many shares in the market to allow for big moves. Companies with tiny market shares can be too vulnerable to any negativity. Companies buying back their own stock is a very positive indicator here.
L - Leader or Laggard. This not only refers to the industry involved, but how well the company in question is doing against its peers within that industry.
I - Institutional Sponsorship - Institutions like mutual funds, pension funds, etc. are the biggest consumers of stocks. We're talking like 80% of sales here. It doesn't matter how "right" you are about how good a stock is. If the institutions are selling, you will likely lose money. You must understand what institutional money is doing in relation to a prospective stock.
M - Market direction. This one is very self evident today. It is very difficult for even good stocks to make money in bad markets. Making money in the market very often means knowing when to preserve your capital by getting/staying out of the market and getting into cash/bonds/fixed interest, etc.
That's CANSLIM. The other part is learning the timing of buying and selling (Technical Analysis) and it's even more challenging, but just as (if not more so) vital to the big picture. It involves reading stock charts. The most important part is understanding the relation of how stocks move up or down, and the volume of shares traded associated with that given time period. A big daily gain in a stock is fine, but if it comes with minimal volume, beware. If you read (and study) William J O'Neil's "How to Make Money in Stocks" you will also learn to identify chart patterns in individual stocks that will present you with wonderful opportunities to make money (and avoid losing money). These are patterns that have been consistently re-occurring for well over 100 years with the same results.
None of this ***** is easy, but if it were it wouldn't be any fun. If you are game, start by reading the book obviously. The next step is to subscribe to Investor's Business Daily which was founded by William J O'Neil, and devour it daily. I love the guy, but he's a right wing extremist, so avoid the editorial page like the plague if you're a Dem like me.
Thanks to what I learned from Mr. O'Neil, I could smell the stench rising in this market months ago and have been unaffected by recent results, because I got out of the market almost completely. I liquidated in October, because there were so many days the market gained on low volume, while losing ground on high volume. Granted I missed out on 20-25% gains from October to the recent high, but I have no regrets about that.
Your strategy seems fine but it will take a lot of your time. I suggest you read, "Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor", written by John Bogle, the founder of Vanguard. His strategy takes very little time and is quantitatively backed up by data over decades. Following his strategy is why I have so much time to post on this board!
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3 hours ago, tom webster said:
I was going to mention Ann Wilson and Stevie Nicks. I also have a soft spot for Janis Joplin but an entirely different sound.
Janis had the greatest FU attitude when she sang.
Oh Lord, won't you buy me a Mercedes Benz
My friends all drive Porsches, I must make amends
Worked hard all my lifetime, no help from my friends
So Lord, won't you buy me a Mercedes Benz -
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I also have to give a shout out to Karen Carpenter for vocals and drums. Many great women vocalists in that era: Pat Benetar, Blondie, Cyndi Lauper, Mama Cass, Ann Wilson, Stevie Nicks, Grace Slick. But I thought Karen Carpenter had the best voice of them all.
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23 minutes ago, shrader said:
People getting a random sickness during the winter? It's almost certainly a conspiracy!
Come on Shrader, I enjoy your posts, but It was stated as a hoax less than a month ago, now it's a pandemic with more people dying, schools and restaurants closing, employees having to work from home, etc... I'm just relaying statements from the government that have been inconsistent. I'm not trying to make a political statement, just stating the verifiable facts.
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10 minutes ago, Indabuff said:
The Sabres did something?!
I'll have to hit pause on my silent meditation in case something else happens.
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Would You Re-sign Simmonds?
in The Aud Club
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As Bob Seger would say, lets "Turn the Page" on vets that are past their primes.