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Dennis has been in the technology industry for nearly 30 years and watched the growth of the personal computer industry, the internet, and the new mobile internet with great interest. Professionally, Dennis has served many roles in the information technology and internet economy including: designing and implementing wide area networks , Windows/ Unix/ OSX systems administration, database design and development, and web programming. He is currently the Director of Web Services for a small private biotech research firm called BioMedGPS.
Dennis has been investing in equities since 1990, though the bulk of his experience with equities is over the past 15 years.
Most recently, Jeremy held the title of Assistant Vice President at a listed investment bank's asset management group as a buy-side analyst. Previously he worked as a senior valuation analyst for a large international accounting firm. He has also worked in sales for a separate listed investment bank and as a consultant to the insurance brokerage industry. Currently, he manages a long-focused equity and debt portfolio. His financial research interests include capital budgeting, capital markets history, political economy, accounting, speculative patterns in securities prices and firm valuation. He is also interested in military history, modern philosophy and literature. Jeremy is a CFA charter holder.
The Jaded Consumer (pseudonym) has master's and doctorate degrees in fields related to health policy and policy analysis, and routinely assists small businesses operating in fields characterized by complex or uncertain regulation. TJC believes that an investment produces enduring returns when backed by compelling reasons that profitability and competitive position can be maintained over time in the face of competitors eager to succeed in the same markets. TJC views real-world markets as ordinary human institutions subject to common mistakes and fears, and is eager to invest in companies whose businesses appear to be widely misunderstood in ways that discount their apparent future performance.
Currently an independent consultant for ship management, shipping, energy, and oil services companies. I grew up around shipping, mostly with a knowledge of tankers and liners. Several family members currently work, or have worked, for major oil and oil services companies. My main investment strategy begins with anything in or on the ocean, from rigs, to ships, to ROVs and more.
I have a prior professional history in research and information gathering. Some of that research ability is used for a major think tank involved in global geopolitical risk assessment. I've been writing macro-investment research outlook articles for private equity companies, until recent involvement with a technology start-up.
I've been invested with satisfying success for nine years. I'm a full time follower of my portfolio. I've sold BAC, GOOG, WDC, C, MRVL, RIMM, KMP, TSLA, GILD and others at an opportune time and continually moved resources into AAPL with excellent results. I'm pleased to be a student on this board. Best wishes to all.
Writer and investor with an interest in most everything -- stocks, ETFs, commodities, and currencies. My background is in both economics and journalism so I try to present complex ideas clearly and concisely, but with a dash of creativity.
started investing right as the crash of 2008 began. It's been a wild ride and challenging to say the least! Started out as a relatively conservative long-term investor, but got impatient and shifted to more risky small-cap plays. Then lost quite a bit on Chinese small/micro-caps, before finally abandoning regular investing for an options-intensive approach that is working out much better.
If you are reading this to find out who I am because something I just said pissed you off, let me take this opportunity to apologize.
If you are reading this for any other reason, surely you must have something better to do. If that sounds rude, see above.
I have been trading max pain type data since 2007 after noting odd trading patterns centered around options expiry. I am a more conservative trader/investor and only take high probability trades. I prefer to know where stocks won’t be rather than guess where they will be. Trading with this mind set gives you 80% plus probability of being correct.
I have always been a stock market enthusiast. My formal training is that of informal. I am self taught, soaking up as much knowledge as can be absorbed. I love the financial industry and would work for free. I am a fundamental investor at heart and like crunching the numbers. I picked up on Max Pain theory and use option data as a main thesis in taking my positions.
In the beginning; when studying Max Pain I was truly amazed at the power it had in pulling or pushing AAPL around. I have seen the stock drop 5% out of nowhere with no news. The only news would be it was the 3rd Friday of the month. I then picked up on hitting the Max Pain strike was about 50/50 odds. Max Pain would give you a tell on what direction AAPL would start heading for expiry. I started to build a strategy from my studies. Using the Max Pain strike is not really tradable, good to know, but not tradable. So I started to study open interest (OI) and its affect on AAPL. Long story short, I have altered the original Max Pain theory and morphed it into what my own studies have concluded. I call this OI/Max Pain, it uses open interest and a range. This way it is tradable as I now have a high probability range. It doesn’t stop there, using OI will tell you so much more. How a stock reacts at each strike depending on the amount of OI is a major tell.
Conclusion: When using open interest you can accomplish multiple things. We can use it for OI/Max Pain when AAPL is stuck in a range and we can use it for catching breakouts, breakdowns, buy and sell points. Enjoy.
I want to give a special thanks to some of my early influences: Turley Muller, Andy Zaky and Jason Schwarz. I thank Philip Elmer-Dewitt for his coverage on AAPL and letting us have a voice, Horace Dediu for his tireless studies and anyone attached to the AAPL community.
FROM INSIDE SILICON VALLEY: Sorting the truth or likely truth from the noise is a key attribute of the successful investor. My commentary is a distillation of some of this effort relative to particular stocks and investment areas. My publishing at this point in time is limited to the blogsphere, Stocktwits as a Tweeter (@RobertinGatos), and Seeking Alpha posts as both an author (one article and trying to find time for more) and frequent commentator. I have no doubt that this truth seeking effort has been a great aid in my own efforts to be a successful high tech stock investor, which now goes back over 30 years.
Professionally, I was an Engineering Manager in two pioneering Silicon Valley high technology companies, Intel and Fairchild Semiconductor. Some will recall that Fairchild was formed by the group that William Shockley, co-inventor of the transistor of Bell Labs fame. had brought together at Shockley Labs to commercialize this device. I joined Fairchild Semiconductor R&D Labs in Palo Alto in 1973. It was at the time affectionately called "Fairchild Tech" due to its propensity to create spinoffs including National Semiconductor, AMD and Intel.
I joined Intel in in 1977 as Manager of their Analytical Lab start up and retired from Intel's senior management ranks in 1998. I joined a startup called Metara as a BOD member and ultimately as VP and Chief Technology Officer. I facilitated the generation of 17 automated mass spectrometry patents and became an expert on analytical technology patents as a result. I retired a second time in 2006 due to the fact that Metara ran out of capital before the first product was fully debugged. Venture caps can be fickle people.
Through out this time, I was surrounded by high tech business activity including management and ultimately startup financing. I stayed familiar with the high tech business press throughout this time and attended relevant Silicon Valley events including many Valley technology investment conferences and shareholder meetings beginning well before the Santa Clara Valley area was called Silicon Valley.
My start as a high tech investor occurred in 1981 when my first Intel stock options became exercisable. I used margin to exercise, buy and hold my Intel stock while I added margin to buy companies like MSFT, CSCO, ORCL, JDSU, SUNW and QCOM from the 80's forward. Needless to say the returns were outstanding. I had the luck of being exposed to long term LEAP call investing by a follow Intel manager and used this technique as additional leverage for most of my tech investments since the very beginning.
I used to love to bet against Merrill Lynch'sTom Kurlak who was known as THE Intel analyst of the time. He would make a negative call on Intel that I knew was way off the mark and use this opportunity for entry into my next set of Intel LEAP calls. That taught me to take advantage of Wall Street whenever possible rather than be their victim.
My original investment specialty was tech stocks however I have expanded my expertise in many key sectors. I follow high tech trends and business activity on a daily basis. I have added Financials to this tracking in particular since the bad behavior of the Investment Banks and now regular Banks (derivatives and lending practices) has led to multiple ugly stock market crashes. Notable examples include the crash of 2008 and the 2000 dot.com bubble with more yet to come, at least in the absence of better regulation.
I am a firm believer in understanding the business model, the business fundamentals and competitive environment for any company that I invest in. I look for competent management and high performance financials that demonstrate a strong possibility of on-going earnings and revenue growth. I read CEO pronouncements with my competence and BS detector on high (for example Ballmer pegs both needles - I'll let you guess which end of the scales). Drilling into a company’s financial fundamentals is a downstream step. Excessive debt is a red flag even if it is for so called good reason -- it limits company margins and business options, and can be representative a poofly performing business segment a company is in. I avoid those kinds of businesses in spite of what may be labeled as strong positive cash flow. Debt leads to sluggish earnings growth and limits company flexibility. It can also lead to ugly surprises, stock dilution for example. Technology company stock buybacks leave me cold. If they cannot make more money by growing their own business with the money, they will flatline or worse.
When the opportunity permits, I try to be ready to buy good companies that I believe have been beaten up inappropriately or are under appreciated (the Tom Kurlak example). I also try to buy companies that I know and understand inside and out or work on getting to there if I invest. Fewer companies,
Chose to walk away from the corporate world and its dogma; couldn't be happier!
I find it interesting that people seem to have strong opinions about the market like Religion when all that really matters in the end is making money (long or short).
Why do I write? Two reasons: (1) I'm grateful for the market and what it has given me, I'd like to be able to share so I may be able to help others, and (2) I hope that any inspired intellectual discussions that follows helps me improve my investment thesis and approach.
My goal? To keep us in the game with specific actionable items! Track record on published articles:
2011 : 85.6% on RIMM short; 5.3% on AAPL long
2012 YTD : 81% (closed May 2012) on AAPL long; 55.3% on MoneyBall portfolio
Been investing for 25 years, Early on I was heavily into Options trading. The stock market was my Casino. learned a ton by the age of 30. Now, I believe in buying companies and not trading stocks.
I have been building custom homes since 1977...entrepeneur.... .. wholesale brokerage.import export high end floor coverings .........recently sold .... now...custom car builder Scotts Street Rods......vintage racing Enthusiast......investing in west coast technology equities since 1980... bicyclist, sports fisherman,...commercial tenant improvements california alaska oregon washington...