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TranceAddict Investors Club @ Marketocracy (pg. 22)
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| Capitalizt |
| quote: | Originally posted by Krypton
I expect the Fed interest rate cuts to buoye stocks, so I would expect Capitalizts short to fail. I just don't like shorting entire markets, which is really all you can do in the marketocracy..
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Yeah my short will probably lose...with the entire government fighting to prop prices up...but at least I'll be RIGHT. Our economy is based on funny money and socialistic spending/intervention by our government.
This is not a free market country...and this POS stock market deserves to go down, so shorting is a matter of principle for me. ;) Of course, when it comes to power vs principle, power usually wins. We'll see. |
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| atbell |
| quote: | Originally posted by Krypton
I expect the Fed interest rate cuts to buoye stocks, so I would expect Capitalizts short to fail. I just don't like shorting entire markets, which is really all you can do in the marketocracy..
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I fear you are right about this. Mostly because I think intrest rates need to be stable, the inflationary pressures are to high right now and encouraging more lending is not a good idea imo.
I liked the UK's central bank position but they are getting on for it. The chairman there pointed out that bailouts only encourage risky lending practices because they imply that future bailouts will be forthcomming. Originally they were going to let the people who's bets didn't pay off take the heat for it. Now, like the rest of the world, public money is being used to cover the few who took risks.
Again with my gut, the people who ed up should take the hit, not the public purse :whip:
Serriously, why protect those who proved themselves incompetent? Let them fall and let new innovators step in to fill the gap. |
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| Krypton |
| quote: | Originally posted by atbell
I fear you are right about this. Mostly because I think intrest rates need to be stable, the inflationary pressures are to high right now and encouraging more lending is not a good idea imo.
I liked the UK's central bank position but they are getting on for it. The chairman there pointed out that bailouts only encourage risky lending practices because they imply that future bailouts will be forthcomming. Originally they were going to let the people who's bets didn't pay off take the heat for it. Now, like the rest of the world, public money is being used to cover the few who took risks.
Again with my gut, the people who ed up should take the hit, not the public purse :whip:
Serriously, why protect those who proved themselves incompetent? Let them fall and let new innovators step in to fill the gap. |
Because our governments are ruled by bankers and multi-national corporations. If the banks control the money supply, they can bail each other out anytime they please. |
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| atbell |
I'm kicking some S&P a$$ right now.
And I can finally feel good because Haliburton is no longer my top performing stock, BHP (iron ore) is now leading the charge.
Still no performance from the oil companies (shell and BP) since inception. I know Shell might be nailed with respect to investments they've put in Iran so that could keep them low for a while. |
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| Krypton |
| quote: | Originally posted by atbell
I'm kicking some S&P a$$ right now.
And I can finally feel good because Haliburton is no longer my top performing stock, BHP (iron ore) is now leading the charge.
Still no performance from the oil companies (shell and BP) since inception. I know Shell might be nailed with respect to investments they've put in Iran so that could keep them low for a while. |
Halliburton is on my black list..:mad:
Any unethical practices from any companies gets them placed on my black list. |
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| mndeg |
| how did you find EXM? |
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| Krypton |
| quote: | Originally posted by mndeg
how did you find EXM? |
Stock screens. These are basically search databases with stock information. You choose some criteria and the screen returns you stocks that meet that criteria.
For example, I want a list of all stock with a PE & PS below 20, and a PEG below one. The screen will return me all stocks that meet that criteria. EXM just happened to meet a few of my screens.
My screen:
1. Return on Equity greater than 15.
2. PEG less than 1
3. PS and PE below 20
4. D/E below 1
5. Current ratio above 1
6. Average volume greater than 100,000 shares month.
It is a shipping company that has been riding the boom in commodities such as metals and oil. When prices go up in those sectors, espcially like they have been recently, the shippers get lucky too. |
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| Krypton |
I think I'm going to start a business trading in silver coins, and possibly branching out into gold or platinum. I've created a formula for appraising silver and gold coins, so I have my prices set. Also, if anyone has silver/gold coins and want to have them appraised by my formula, I can do this for you.
I will need...
1. Coin description
2. Silver/gold content by weight
3. Year coin was minted
If I appraise your coins for you, I will not buy them. This formula tells you and me what the coin should be sold for and within a profit algorithm. Meaning, I will not buy a coin selling at or above my estimation. |
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| Krypton |
HALF OF YOU ARE NON-COMPLIANT!!
What this means? Your mutual funds must follow a set of rules so that you can be ranked in Martketocracy.
The rules are...
1. No position can exceed 25% of your total portfolio value.
2. Half your portfolio must be comprised of positions under 10% each.
3. Your cash position isn't limited by this guideline, although you must be 65% invested, see below (but if you've got too much cash, your performance may suffer!).
Just like real mutual fund portfolios, all model funds at Marketocracy must pass a diversification test. In our case, funds are considered "non-diversified" mutual funds. Here's how the Marketocracy diversification test works: For a majority of each period, your fund must meet guidelines that are similar to SEC and IRS rules regarding fund position concentrations. |
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| Capitalizt |
| quote: | Originally posted by Krypton
I think I'm going to start a business trading in silver coins, and possibly branching out into gold or platinum. I've created a formula for appraising silver and gold coins, so I have my prices set. Also, if anyone has silver/gold coins and want to have them appraised by my formula, I can do this for you.
I will need...
1. Coin description
2. Silver/gold content by weight
3. Year coin was minted
If I appraise your coins for you, I will not buy them. This formula tells you and me what the coin should be sold for and within a profit algorithm. Meaning, I will not buy a coin selling at or above my estimation. |
Um..krypt, are u sure about that formula thing?
I don't think there is any simple formula for valuing coins. Most coins have different mintage numbers every year, and the demand for the coins can fluctuate wildly (and prices are based on demand). It's not as simple as calculating a p/e. Two silver peace dollars in identical condition from different years can be worth radically different amounts.. I've been following metals for years and even I don't even know how to value that crazy stuff :) Thats why I stick with generic 1-oz bullion rounds and pre-65 "junk" silver that trades near melt value. (this kinda stuff..)
If you want to know the fair market value of something, put it on auction for a week with a clear description and lots of pictures. You will always get a fair price in the end. Remember, things are only worth what people are willing to PAY for them. ;)
as for the non-compliance on marketocracy...I have an excuse, I wanted to short and SHORT BIG! The only way to do that is through 3 different index funds...so I've got a around 30% in each, and the final 10% riding in a utilities index fund (that sector has been hit hard, and I like betting on bounces.) |
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| Krypton |
| quote: | Originally posted by Capitalizt
Um..krypt, are u sure about that formula thing?
I don't think there is any simple formula for valuing coins. Most coins have different mintage numbers every year, and the demand for the coins can fluctuate wildly (and prices are based on demand). It's not as simple as calculating a p/e. Two silver peace dollars in identical condition from different years can be worth radically different amounts.. I've been following metals for years and even I don't even know how to value that crazy stuff :) Thats why I stick with generic 1-oz bullion rounds and pre-65 "junk" silver that trades near melt value. (this kinda stuff..)
If you want to know the fair market value of something, put it on auction for a week with a clear description and lots of pictures. You will always get a fair price in the end. Remember, things are only worth what people are willing to PAY for them. ;)
as for the non-compliance on marketocracy...I have an excuse, I wanted to short and SHORT BIG! The only way to do that is through 3 different index funds...so I've got a around 30% in each, and the final 10% riding in a utilities index fund (that sector has been hit hard, and I like betting on bounces.) |
Here is my strategy with coins. I'm using the silver spot prices as my base price for the coins, and adding a "time fee" (I know time really doesn't matter) and a commission, so I can at least make a little profit, and be able to buy more coins and more coins as I make profits. My margins won't be that large, but I'll still be making a few dollar per coin.
I'm on craigslist and I post my sale at the price my algorithm says is the right price. That doesn't mean that I will be selling at the price. See, my plan is, I post a little high of a price for my coins.
Now the sale price depends on the customer. If they are not knowledgable about coins, I can get that high price for my coin. But if they are knowledgable about coins, they will bargain with me, for which I am more than ready with the tweaking of some variables within my algorithm to give me asking prices for my coins. It's more of a system to first, make an initial asking price, second, to help me negociate between the bidder and myself.
But Capitalizt, we should trade. I've got lots of silver morgans and american eagles, and commemoratives, and proofs. If your interested in what I got, let me know what you have, and we can do a trade? |
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