Seeking Alpha
  • westcoastinvests
    Wow, LF down 11% today.
    11/6/12
    Reply (24)
    • Boatyzaffa: Yeah, LF on the verge of croaking
      11/6/12
    • Perkins Cove: LOL (oops, sorry LF longs. But Boaty got off a good one) hmmm, how long can a frog stay underwater.....?
      11/6/12
    • Perkins Cove: ...scroll down to the picture.....http://bit.ly/PVesI5
      11/6/12
    • Ocean Man: Nice gains by X and GM though.
      11/6/12
    • Boatyzaffa: Thank you Ocean, your gains on CLCT and LF are far better :)
      11/7/12
    • Ocean Man: It's not a loss or a gain until you sell. I did take a 5% gain on half of my LF, so I've got to agree with you here.
      11/7/12
    • westcoastinvests: I guess I would ask then why u always feel the need to tell everyone about your positions when they go up even when you are not selling them
      11/7/12
    • westcoastinvests: I hope u realize noone gives you a hard time for your ideas, but only the way you seem to constantly spin your results to always be positive
      11/7/12
    • Ocean Man: Part of it is alerting my followers of an opportunity to take gains, should they want to. Gains can be fleeting, and some people are
      11/7/12
    • Ocean Man: happy to take a 3 or 4% gain in a short time period, even though I may choose to hold for more.
      11/7/12
    • Ocean Man: You seem to think I never mention declines, but every time I post an add-on, it's referencing a decline.
      11/7/12
    • westcoastinvests: OM, ok I do appreciate this discussion. I do feel that if they are buying in without an exit strategy that taking a quick 3-4% gain
      11/7/12
    • westcoastinvests: will be a losing strategy longer term because they will get stuck in larger losers if an exit target is not defined ahead of time
      11/7/12
    • Ocean Man: My strategy adds on dips and takes gains when they're there. Different people have different exit points on the gains.
      11/7/12
    • westcoastinvests: OM, yes but you don't write xyz position down x% adding to it. You simply write adding to.
      11/7/12
    • westcoastinvests: Its tough I really don't come to stocktalks to bash you I am just troubled by the fact that it seems you spend too much time touting gains
      11/7/12
    • westcoastinvests: The reality is I think you have many good investment ideas I just think you can report in more balanced way.
      11/7/12
    • westcoastinvests: I certainly don't want there to be personal attacks between us,as that benefits no one.
      11/7/12
    • Ocean Man: I have a skill in identifying stocks that are likely to go up, for a variety of reasons. I don't have as good a skill at knowing when
      11/7/12
    • Ocean Man: they'll stop going up. So I alert people to good buying opportunities, and they're on their own on when to get out. I mention some exit
      11/7/12
    • Ocean Man: opportunities from time to time. With 40 stocks in play, mentioning a couple each day might seem like a lot of touting, but it's not.
      11/7/12
    • Ocean Man: It's just what this strategy lends itself to.
      11/7/12
    • westcoastinvests: I appreciate the response I do feel like the positions that are down should get equal mention but you will do what you see best
      11/7/12
    • westcoastinvests: Good luck with your investments and hopefully we can both focus on making money
      11/7/12