• wigit5
    Well I'm not doing very well investing for myself... should probably just put my money in CD's lol.
    8/21/13
    Reply (31)
    • DAG Investments: i notice you're in a lot of tech... tech is inherently dangerous... especially old tech that lacks the only redeeming quality... high growth
      8/21/13
    • wigit5: tech and energy, trying to branch out some.
      8/21/13
    • DAG Investments: i like some energy but don't do tech at all any more. if i did it would be the small high-growth winners of tomorrow like PRFT, not old tech
      8/21/13
    • DAG Investments: if you're only in tech and energy, that's probably a big part of reason for difficulties ... both are high risk with big loss potential.
      8/21/13
    • det9: What r ur picks wigit?
      8/21/13
    • wigit5: well my losers have been $ANRZQ, $JRCCQ, $INTC thus far, ANR is my first ever stock pick and is deep in the losses. Winners $COP, $PSX, $NOK,
      8/22/13
    • wigit5: $SDRL, $QRE. But the winners are just barely keeping me flat due to $ANRZQ/$JRCCQ losses.
      8/22/13
    • wigit5: $JRCCQ I sold out of already, holding $ANRZQ as I think it'll survive the coal downturn and be a double digit stock again..
      8/22/13
    • det9: Hmm.. Winners are good picks.. I play $ANRZQ big time .. Hopefully ur losses would be erased soon
      8/22/13
    • wigit5: Yeah $ANRZQ I should have traded more but it's tough not being able to focus on it full time.
      8/22/13
    • wigit5: I Also own $DIS, $MSFT, $CLX which are all close to flat
      8/22/13
    • DAG Investments: you own a lot of companies that are either in secular decline or well past the good parts of the growth curve (INTC, MSFT, ANR, JRCC, NOK)
      8/22/13
    • wigit5: $JRCCQ i got out of so I took care of that... $NOK was a pure spec play and am considering selling soon gain of over 50%.
      8/22/13
    • wigit5: $MSFT/$INTC were long term plays , I have set some timeframes in mind though for selling if they don't turn around or if they hit a % loss
      8/22/13
    • DAG Investments: just my two pence but ANR is spec too and MSFT & INTC have opportunity costs ... even if long term, why not win short term and long term
      8/22/13
    • DAG Investments: my point is that's a ton of risk for one portfolio. in my humble opinion, 4-5 high-risk in a portfolio of about 10 is asking for trouble.
      8/22/13
    • wigit5: yeah, working on getting rid of some of the risk especially in ANR, just put an order to sell my shares that I bought at 5.50 lock in gains
      8/22/13
    • DAG Investments: good call. it's true that the coal biz won't completely die any time soon, but it's still in the process of dying, thus no longer investable
      8/22/13
    • DAG Investments: in my opinion, MSFT & INTC should never be in the same portfolio ... especially since one can get same or better divs from growing companies
      8/22/13
    • wigit5: Sold half my $ANRZQ position at 6.23 for a 12% gain, the rest is underwater which I'll hold as spec.
      8/22/13
    • DAG Investments: only strengths are size & bankrolls ... won't go belly up ... but won't grow much either ... just pay divs ... so why not get growth & divs
      8/22/13
    • DAG Investments: again, just my opinions ... to each his own ... it's your money ... just offering some things to consider.
      8/22/13
    • wigit5: Appreciate it; going to work on reducing cost basis on $ANRZQ via trading small lots. I think MSFT/INTC have some potential in the long run
      8/22/13
    • wigit5: And the dividends are better then CD's i can get so I think I'll keep them for now.
      8/22/13
    • DAG Investments: MSFT & INTC definitely have long-term potential, but so do plenty of companies with same or better divs that also get price appreciation now
      8/22/13
    • nclsamy: Wigit, regarding on your $ANRZQ position, I am not in a position to give advice, but you should always use stops. Have a great day!
      8/23/13
    • DAG Investments: Stops can also be dangerous ... sold out entire portfolios when the flash crash happened and with increasing HFT may be more in the future
      8/23/13
    • wigit5: Yeah I only use stops in select scenarios like $MSFT today... although my stop set the floor for the day lol
      8/23/13
    • DAG Investments: Yeah, I very rarely use stops anymore either. Nice move in $MSFT today ... congrats.
      8/23/13
    • wigit5: Thanks DAG, I'll make up that $ANRZQ position yet.
      8/23/13
    • DAG Investments: I hope so. Best of luck.
      8/23/13