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Post by brotherm1 on Apr 27, 2020 23:51:55 GMT -5
I recently placed it in gold as a defensive position, perhaps for the next year or two if things continue the way they are now. Not much money yet, but I can sleep better and probably get much more from it then in a bank. I had way too much invested in this speculative stock. Bought a couple of others, one virus related doing very well, and a big online retailer that was going up everyday for weeks until I bought it. Been also trading a little here and there actually enjoying it. Have yet to trade in and out of MNKD after four years of holding and losing over 50%. It appears to be a great stock to trade though if you understand it. I might be keeping a core position and obtaining another to trade in the future.
When I was much younger I did well just trading by watching the numbers but then started working too much to keep it up. Most of my life I worked too many hours to consistently make money trading stocks. So the majority of time I would plop money into just a few or even less hoping for a big winner. That happened one time years ago where I made a killing and unfortunately I thought it would again. It takes work find the right stocks at the right time and discipline to stick by your methods. I started trading recently for the first time in years and feeling good about it and enjoying it. I made a commitment to carefully stick with it. I’m also keeping cash on the sidelines. I’m convinced we are going to see stocks in general get pummeled again this year due to this ugly virus. Things could get very rough worldwide. That’s not positive, but unfortunately I think realistic.
There have been sharp traders/investors on this board from time to time I’ve learned from. I think they would post here more often if others would not antagonize them and call them names. There are also good books on trading and investing. Bottom line, good money can be made in stocks but it takes work and not just buying and holding stocks based on a tip, dream or advise of another.
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Post by itellthefuture777 on Apr 28, 2020 1:16:58 GMT -5
I recently placed it in gold as a defensive position, perhaps for the next year or two if things continue the way they are now. Not much money yet, but I can sleep better and probably get much more from it then in a bank. I had way too much invested in this speculative stock. Bought a couple of others, one virus related doing very well, and a big online retailer that was going up everyday for weeks until I bought it. Been also trading a little here and there actually enjoying it. Have yet to trade in and out of MNKD after four years of holding and losing over 50%. It appears to be a great stock to trade though if you understand it. I might be keeping a core position and obtaining another to trade in the future. When I was much younger I did well just trading by watching the numbers but then started working too much to keep it up. Most of my life I worked too many hours to consistently make money trading stocks. So the majority of time I would plop money into just a few or even less hoping for a big winner. That happened one time years ago where I made a killing and unfortunately I thought it would again. It takes work find the right stocks at the right time and discipline to stick by your methods. I started trading recently for the first time in years and feeling good about it and enjoying it. I made a commitment to carefully stick with it. I’m also keeping cash on the sidelines. I’m convinced we are going to see stocks in general get pummeled again this year due to this ugly virus. Things could get very rough worldwide. That’s not positive, but unfortunately I think realistic. There have been sharp traders/investors on this board from time to time I’ve learned from. I think they would post here more often if others would not antagonize them and call them names. There are also good books on trading and investing. Bottom line, good money can be made in stocks but it takes work and not just buying and holding stocks based on a tip, dream or advise of another. Timing...is..everything 🎸🎷🎺 |
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Post by sportsrancho on Apr 28, 2020 7:37:37 GMT -5
And I do have other stocks I feel comfortable with. How about you. Do you feel positive about this stock? Are you making money? I feel ok...and I guess that’s a rhetorical question about making money with MNKD...but I bet rarely post...you seem very well educated on the risks with MNKD. Just surprises me that one would dedicate so much time to a stock you aren’t impressed with, and just sold had your position. Are you making money on the 50% you took out of Mannkind? I sold some because I was confident I could double my money in PLNT and WYNN and I did. I can’t afford to sit here and wait when there are these other once or twice in a life time opportunity’s. I’m just as committed as ever in spreading the word about Afrezza. I’ll put more in MNKD when I fell the time is right: I don’t see a huge dip coming in the market as brothem does. But I will pull half of my original investment in my high flying stocks and stay in cash waiting for other opportunities:-) |
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Post by derekewhitlock on Apr 28, 2020 8:12:10 GMT -5
Sports and/or Brother,
I hope I do not get flagged here but what investment book, article, whatever would you recommend for the inexperienced investor. Thank you,
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Post by winner on Apr 28, 2020 8:26:26 GMT -5
So I guess it's just not me who felt they was over exposed in MNKD. Well stated brotherm1. As always look forward to reading your post Sport.
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Post by brotherm1 on Apr 28, 2020 10:05:04 GMT -5
Sports and/or Brother, I hope I do not get flagged here but what investment book, article, whatever would you recommend for the inexperienced investor. Thank you, Peter Lynch from the Templeton Fund wrote a good book on investing years ago, One Up One on Wall Street. For trading, Market Wizards and Reminiscences of a Stock Operator. I’ve been told that How to Make Money in Stocks by William O’Neil (Founder of Investor Business Daily) and How I made $2M in the Stock Market by Nicholaus Darvis are excellent books on trading. The biggest mistake I’ve made too many times is having too much in any stock Too much in a stock makes it hard to think clearly as emotions get in the way, and of course it’s better to be diversified. Though I’ve made way many mistakes. Good luck. |
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Post by derekewhitlock on Apr 28, 2020 15:23:35 GMT -5
Brother,
Thank you kindly
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Post by peppy on Apr 28, 2020 15:44:12 GMT -5
Brother, Thank you kindlyI'll speak up. If you want to do it correctly, wait for a pull back and buy the strength. Make sure they make money. trillions have been pumped into the market by treasury to prop it up. it will be sold again. A depression is 10 % drop in GDP. we are there. The market is not going to continue at highs during depression. you have time. |
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Post by mytakeonit on Apr 28, 2020 19:09:41 GMT -5
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Post by longliner on Apr 28, 2020 19:24:30 GMT -5
Simple, really. Except for the patience part. My favorite example from Mr. Buffett is that most "investors" would be more successful if they could only purchase 10 stocks throughout their lifetime. Even though not asked, my recommendation's for investing wisdom are "Poor Charlies Almanac", "The richest man in Babylon" and "The millionaire next door" series. |
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Post by sportsrancho on Apr 28, 2020 19:49:42 GMT -5
Sports and/or Brother, I hope I do not get flagged here but what investment book, article, whatever would you recommend for the inexperienced investor. Thank you, Peter Lynch from the Templeton Fund wrote a good book on investing years ago, One Up One on Wall Street. For trading, Market Wizards and Reminiscences of a Stock Operator. I’ve been told that How to Make Money in Stocks by William O’Neil (Founder of Investor Business Daily) and How I made $2M in the Stock Market by Nicholaus Darvis are excellent books on trading. The biggest mistake I’ve made too many times is having too much in any stock Too much in a stock makes it hard to think clearly as emotions get in the way, and of course it’s better to be diversified. Though I’ve made way many mistakes. Good luck. I agree I love all these books especially the Market wizard series. Real simple rule of thumb.. just by what’s going up:-) if they’re going down it’s for a reason, it doesn’t matter how much you love them, it doesn’t matter if they’re manipulated or not, it’s smarter just to get out and buy something that’s going up. |
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Post by mytakeonit on Apr 28, 2020 20:45:38 GMT -5
As you all know ... #1. I am an accountant. ... #2. I am focused on my 3 holdings. Inovio could be the most temporary, but will reap huge profits in a short period of time. SENS will also have to wait till endos are back in force and Coronavirus is gone. MNKD is the very long and permanent holding.
But, that's mytakeonit
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