Monday, July 7, 2008
Member since:
June 2006
June 2006
Sad to hear about this...
The Ohio business that offers world-wide customers those many hard-to-find multi-region DVDs, and all-region import HD-DVDs and Blu-rays, will be phasing out operations over the coming months (read the site's recent announcement below).
The Future of Xploited Cinema... (notice of July 6, 2008 by owner Tony Simonelli)
All good things must come to an end and that time is near for Xploited Cinema! It has been years since we started selling DVDs to the best customers around the world, but we've made a decision to move on. Xploited Cinema will still be around, but we will stop carrying new products and stop stocking catalog titles.
It was a tough decision since through the years everyone here has given 110% of themselves, but it's time to slow down, rest and shift gears to new endeavors. Are we "going out of business"? Not necessarily since we will continue to ship orders in the same efficient manner we always have, but in the short term leading into the long term we will be carrying less new releases and not re-ordering older catalog titles.
Mid July will be the time when you will be noticing no new titles added to the website and older titles taken off the website once we sell out. All current pre-orders will be processed and shipped as normal. Over time you will notice older titles disappearing from the website. We recommend getting what you want now since all titles will not be re-ordered as we run low in stock or sell out.
I would like to thank all of the customers that have stuck around with us since the early 2000s. For years I have corresponded with many of you via emails and have met many of you face to face at conventions. I can wholeheartedly say that we have the best and most loyal customers a business could ever imagine.
As i mentioned before this hasn't been an easy decision since I've given as much as i could to make Xploited Cinema a successful DVD retailing website, but I just can't keep doing this for the rest of my life. We will be around in some capacity for who knows how long dealing with the day in day out activities we have always been doing. The only main change noticed will be the elimination of stocking new releases and older catalog titles. Orders will be processed in the same timely manner as in the past and order and item related questions will be answered promptly.
From the bottom of my heart I would once again like to thank everyone who has been an Xploited Cinema customer through the years!
Tony Simonelli
July 6th, 2008
-[end]-
__________
-JOE-
(Jimi McLovin - Love Hendrix!)
The Ohio business that offers world-wide customers those many hard-to-find multi-region DVDs, and all-region import HD-DVDs and Blu-rays, will be phasing out operations over the coming months (read the site's recent announcement below).
The Future of Xploited Cinema... (notice of July 6, 2008 by owner Tony Simonelli)
All good things must come to an end and that time is near for Xploited Cinema! It has been years since we started selling DVDs to the best customers around the world, but we've made a decision to move on. Xploited Cinema will still be around, but we will stop carrying new products and stop stocking catalog titles.
It was a tough decision since through the years everyone here has given 110% of themselves, but it's time to slow down, rest and shift gears to new endeavors. Are we "going out of business"? Not necessarily since we will continue to ship orders in the same efficient manner we always have, but in the short term leading into the long term we will be carrying less new releases and not re-ordering older catalog titles.
Mid July will be the time when you will be noticing no new titles added to the website and older titles taken off the website once we sell out. All current pre-orders will be processed and shipped as normal. Over time you will notice older titles disappearing from the website. We recommend getting what you want now since all titles will not be re-ordered as we run low in stock or sell out.
I would like to thank all of the customers that have stuck around with us since the early 2000s. For years I have corresponded with many of you via emails and have met many of you face to face at conventions. I can wholeheartedly say that we have the best and most loyal customers a business could ever imagine.
As i mentioned before this hasn't been an easy decision since I've given as much as i could to make Xploited Cinema a successful DVD retailing website, but I just can't keep doing this for the rest of my life. We will be around in some capacity for who knows how long dealing with the day in day out activities we have always been doing. The only main change noticed will be the elimination of stocking new releases and older catalog titles. Orders will be processed in the same timely manner as in the past and order and item related questions will be answered promptly.
From the bottom of my heart I would once again like to thank everyone who has been an Xploited Cinema customer through the years!
Tony Simonelli
July 6th, 2008
-[end]-
__________
-JOE-
(Jimi McLovin - Love Hendrix!)
Tuesday, July 8, 2008
Member since:
March 2008
March 2008
I live in Ohio Hendrix..EVERYTHING is closing. But hey...we did it to ourselves. We just sat back in our posh theaters, with our big ol' bags of p-corn, while the "American Dream" got shipped off to sea. So..I can't really shed any tears here over your thread topic. There are FAR more important things to deal with here in Dayton...Like, where I am going to put all of this gear when they come and take my house away?
Tuesday, July 8, 2008
Member since:
July 2006
July 2006
Sad news indeed. Xploitedcinema was such a great site with some very unique movies.
I swear it happens almost every day now where I hear of a company laying off employees or a business shutting down.
I swear it happens almost every day now where I hear of a company laying off employees or a business shutting down.
Tuesday, July 8, 2008
Member since:
October 2007
October 2007
The END is near ladies and gents the END is near. Wait I still have'nt seen all that I wanna see. There are things I still wanna try, you know like exotic foods and things. HOLD UP!!!! I have not even bought my new BLU RAY PLAYER the END cannot come yet!!!!!
[Post edited by InvisibleBiker on Jul 8, 2008]
[Post edited by InvisibleBiker on Jul 8, 2008]
Tuesday, July 8, 2008
Member since:
July 2008
July 2008
greed
after the fat pigs have had their fill, there is nothing left for anyone else
after the fat pigs have had their fill, there is nothing left for anyone else
Tuesday, July 8, 2008
Member since:
February 2008
February 2008
So... does anyone know of any alternative sites that have a comparable list of movies?
Tuesday, July 8, 2008
Member since:
December 2007
December 2007
Quote:
greed
after the fat pigs have had their fill, there is nothing left for anyone else
Ignorance is bliss huh?
Tuesday, July 8, 2008
Member since:
October 2007
October 2007
Quote:
The END is near ladies and gents the END is near.
Hold your horses ladies and gents. The stock market closed way up today, those oversold financials went up more than 4% just today! BAC alone went up almost 10% today, but is still a no-brainer if you want to double your money in 3 years.
And oil futures have traded lower by almost $10 in the last 2 days, paradoxically on an expectation of decreasing demand due to... err... high oil prices.
Also Bernanke today announced he would bail everyone out if the worst happened. What a great guy, way less stuffy than Greenspan and his "let the market imbalances work themselves out" rhetoric.
The future is bright - at least until tomorrow.
Tuesday, July 8, 2008
Member since:
July 2008
July 2008
lol
more american buisness going out of buisness, not gonna be long now, till the chinese are the big boys
i cant wait
ps. america cant even claim the tallest skyscrapers anymore
,,,,,shame that, real shame
[Post edited by tucker_jenkins on Jul 8, 2008]
more american buisness going out of buisness, not gonna be long now, till the chinese are the big boys
i cant wait
ps. america cant even claim the tallest skyscrapers anymore
[Post edited by tucker_jenkins on Jul 8, 2008]
Tuesday, July 8, 2008
Member since:
December 2007
December 2007
You know those tallest skyscrapers are compensating for something....
Tuesday, July 8, 2008
Member since:
July 2008
July 2008
IT TOOK YOU
TO MAKE ME REALISE
[Post edited by tucker_jenkins on Jul 8, 2008]
TO MAKE ME REALISE
[Post edited by tucker_jenkins on Jul 8, 2008]
Tuesday, July 8, 2008
Member since:
June 2006
June 2006
Attn tucker_jenkins...
Please stop posting ^offensive images here on DVDTOWN immediately. We do not support rude behavior on this site, as seen in your disgusting post above. Whatever you feel someone has done you wrong here, it does NOT warrant the type of post you have made. If you won't behave responsibly, please leave this site.
_____________
-JOE-
(Jimi McLovin - Love Hendrix!)
Please stop posting ^offensive images here on DVDTOWN immediately. We do not support rude behavior on this site, as seen in your disgusting post above. Whatever you feel someone has done you wrong here, it does NOT warrant the type of post you have made. If you won't behave responsibly, please leave this site.
_____________
-JOE-
(Jimi McLovin - Love Hendrix!)
Tuesday, July 8, 2008
Member since:
March 2002
March 2002
He'll be gone tomorrow.
John
John
Tuesday, July 8, 2008
Member since:
July 2008
July 2008
A COMMON SPAT
SO I KISSED HIM UP SIDE HIS CRANIUM WITH AN ALUMINAM BASEBALL BAT
[Post edited by tucker_jenkins on Jul 8, 2008]
SO I KISSED HIM UP SIDE HIS CRANIUM WITH AN ALUMINAM BASEBALL BAT
[Post edited by tucker_jenkins on Jul 8, 2008]
Tuesday, July 8, 2008
Member since:
July 2008
July 2008
Quote:
He'll be gone tomorrow.
John
firstly i'll be back
secondly....why type your name after your comments?, you senile old wop cunt
Tuesday, July 8, 2008
Member since:
October 2007
October 2007
John, Henning should seriously give you full moderating powers (the ability to ban and on your own judgement). Perhaps a few other long time posters here too, such as Tim, Hendrix, or even that idiot Posters5 even though he might ban me first lol! The fact is that this kind of crap is negative for traffic... leading to lower advert sales and promotion. Posts and posters like this shouldn't last more than 2 to 5 minutes here... let alone days or even the "next day". I mean, we know who this is. If he has a dynamic IP get him through his service provider. If he's using an old 1999 Wingate default installation to cover his tracks, then just keep on top of it. My two cents anyway.
Tuesday, July 8, 2008
Member since:
March 2002
March 2002
Tucker, itsthrobbing, smegmata, whatever,
Has anyone ever mentioned to you that you might be in need of medical attention for serious mental problems? I don't mean this comment to be unkind or a put-down in any way, but your behavior at the site is not normal in any way. It's not funny, it's not cruel, it's not ironic, it's not even angry. It's just disturbed.
It's one thing for people needing attention to hide behind the anonymity of the Internet to troll and cause trouble, but you've taken it beyond that to a point where the Editor should notify the authorities about your actions before you damage yourself or others.
John
Has anyone ever mentioned to you that you might be in need of medical attention for serious mental problems? I don't mean this comment to be unkind or a put-down in any way, but your behavior at the site is not normal in any way. It's not funny, it's not cruel, it's not ironic, it's not even angry. It's just disturbed.
It's one thing for people needing attention to hide behind the anonymity of the Internet to troll and cause trouble, but you've taken it beyond that to a point where the Editor should notify the authorities about your actions before you damage yourself or others.
John
Tuesday, July 8, 2008
Member since:
July 2008
July 2008
NO JOHN, NO HAS MENTIONED ANYTHING TO ME, EVEN THOUGH YOU REVEIW MOVIES AND KNOW NOTHING ABOUT PSCHOLOGY OR PSYCHIATRY, I THANK YOU FOR YOUR CONCERN, AND WILL HAVE A WORD WITH MY DOC AT MY NEXT CHECK UP
I DO SUFFER FROM DYSLEXIA THOUGH, AND THAT COULD AFFECT MY DEFINITION OF THE SITE RULES
GOD YOUR SO UNDERSTANDING JOHN
MY NAME IS MUD
[Post edited by tucker_jenkins on Jul 8, 2008]
I DO SUFFER FROM DYSLEXIA THOUGH, AND THAT COULD AFFECT MY DEFINITION OF THE SITE RULES
GOD YOUR SO UNDERSTANDING JOHN
MY NAME IS MUD
[Post edited by tucker_jenkins on Jul 8, 2008]
Tuesday, July 8, 2008
Member since:
October 2007
October 2007
BTW folks, I wasn't kidding about doubling your money in 3 years with BAC (Bank of America). I'm not spamming or pumping a stock... honest. I'm just saying that financials (even major banks) are just so hated right now by investors, this is the perfect time to buy. When a major international financial bank like BAC goes out of business, I'll be in my bomb shelter eating canned spam! Even "C"... "City Bank". It's not quite as attractive to me, but I did buy a few shares yesterday.
The idea is to buy when everyone hates it most... and major institutions that have no chance of going under are generally a good pic right now IMO. A no-brainer as I said. We'll talk again if you want in 3 years when I've more than doubled my money (again). Yeah, I did this before with gold stocks, pipelines (during the high-tech boom) and oil which I've held forever now (Imperial Oil esp.). But I'd avoid Oil or anything else the analysts today love. Play the contrairian, and get rich. Seriously.
Sorry for the off topic, but America is doing OK.
The idea is to buy when everyone hates it most... and major institutions that have no chance of going under are generally a good pic right now IMO. A no-brainer as I said. We'll talk again if you want in 3 years when I've more than doubled my money (again). Yeah, I did this before with gold stocks, pipelines (during the high-tech boom) and oil which I've held forever now (Imperial Oil esp.). But I'd avoid Oil or anything else the analysts today love. Play the contrairian, and get rich. Seriously.
Sorry for the off topic, but America is doing OK.
Tuesday, July 8, 2008
Member since:
October 2004
October 2004
Problem is, you have to avoid the ones that are going to go busto. And even companies as big as WAMU could be shutting their doors before this is all over.
Buying cheap is nice, but never ever try to catch the bottom. As a very smart investor once said, Everyone else can have the 10% at the bottom and the 10% at the top I'll take the 80% in the middle.
Stocks that look cheap tend to look cheaper and cheaper until suddenly they look really expensive.
Buying cheap is nice, but never ever try to catch the bottom. As a very smart investor once said, Everyone else can have the 10% at the bottom and the 10% at the top I'll take the 80% in the middle.
Stocks that look cheap tend to look cheaper and cheaper until suddenly they look really expensive.
Tuesday, July 8, 2008
Member since:
August 2007
August 2007
We should vote on who the moderators should be. I agree that the posts are getting offensive. My Kids look at the computer with me sometimes when I come to this site!
Skyhawk
you seem knowledgeable on the subject of internet and IP addresses and moderating ect ect so you got my vote for moderator!
Tim also has my vote!
[Post edited by Ironbull on Jul 8, 2008]
Skyhawk
you seem knowledgeable on the subject of internet and IP addresses and moderating ect ect so you got my vote for moderator!
Tim also has my vote!
[Post edited by Ironbull on Jul 8, 2008]
Wednesday, July 9, 2008
Member since:
March 2002
March 2002
Quote:
Skyhawk
you seem knowledgeable on the subject of internet and IP addresses and moderating ect ect so you got my vote for moderator!
Tim also has my vote!
If Henning ever asked me too, I'd help him out in a heart beat and it would be out of respect for Henning and his site which I have loved for years. However, Henning likes to run things his way and he believes very strongly in freedom of speech and expression, which I also respect about him. Nevertheless, the site does need a couple moderators to control issues that arise from time to time.
Look, I don't think the occasional argument or the fact that Eddie and Skyhawk don't see eye-to-eye is a problem, etc, but sick and racist behavior from any troll is crossing the line. There is a reason why many public establishments have a sign posted that says "We hold the right to refuse service to anyone". I'm not saying the site needs to be some stuffy members only club but there does need to be some kind of control when someone has gone too far, that's all.
Wednesday, July 9, 2008
Member since:
October 2004
October 2004
I think a good rule of thumb is that when Tim thinks someone has gone too far, they have definitely gone too far.
Wednesday, July 9, 2008
Member since:
March 2002
March 2002
well, let's ban chris, even though he writes reviews for this site.
Wednesday, July 9, 2008
Member since:
October 2004
October 2004
Wednesday, July 9, 2008
Member since:
March 2002
March 2002
^ LOL!
Wednesday, July 9, 2008
Member since:
March 2002
March 2002
LMAO!!!
^^
Wednesday, July 9, 2008
Member since:
October 2007
October 2007
Quote:
Problem is, you have to avoid the ones that are going to go busto. And even companies as big as WAMU could be shutting their doors before this is all over.
Buying cheap is nice, but never ever try to catch the bottom.
As I said, if American blue chips that form the country's (and world's) financial backbone go out of business, then losing a lot of money on a stock that declares chapter 11 will be the last of your problems. Stay away from urban areas and arm yourself well.
That being said, there is a difference between "cheap" and "no-brainers". GM is cheap (along with other American car makers), but I certainly wouldn't advise anyone to buy into this sector at this time - especially GM or Ford, since that's more like playing dice.
But when everyone has abandoned entire sectors (like financials) and is most bearish, that's the time for one to pick out the best few candidates among them and start nibbling. 20 years ago I learned this strategy was much better than chasing other people's money with your money. Back in 1999, I would have never bought into one of those "popular" tech stocks. It's a very bad sign when everyone, even your grandma, is excited about a sector. Instead, I was nibbling on companies like POT, ENB, IMO, MFC etc. heck... even GIL (yes, t-shirts!). Everyone hated everything except tech. And everyone was teasing me about sticking with companies that paid 12% dividends per year and actually made profits. I used to co-manage an investment club here for "fun", and it was this disagreement that led to me quitting.
Since I don't day trade, finding the "bottom" doesn't concern me. I've owned some stocks for over 15 years - adjusting my weight in them as the years pass by. Which reminds me, I should sell a few more resource based companies (oil, mining, etc.) and buy some more PG and L! Toothpaste & food is always a good choice when no one seems to like them anymore.
Wednesday, July 9, 2008
Member since:
October 2007
October 2007
How comfortable is that chair Eddie? It looks very, very, VERY comfortable...
Wednesday, July 9, 2008
Member since:
October 2004
October 2004
Quote:
As I said, if American blue chips that form the country's (and world's) financial backbone go out of business, then losing a lot of money on a stock that declares chapter 11 will be the last of your problems. Stay away from urban areas and arm yourself well.
As the JPMOrgan CEO just said, Nobody is too big to go under.
Bear Stearns was all but wiped out overnight.
Certainly, not all of the major financials are going to go under, but some will. And don't think for a second BAC or C couldn't be one of them plus those dividend yields being listed on the quotes are completely fabricated (sure I'd buy BAC is it was really paying 12% but that's not gonna hold). As usually happens in these wealth destruction scenarios, consolidation occurs and a few companies come out as juggernauts. My wild ass guess: WFC comes out of this smelling like a rose. But nobody really knows. The best time to buy will probably be after we've had a few more major failures. There has been so sign of panic in financials yet, just a slow steady grinding decline. Look for the massive blowoff lows - monster volume on days when the stock is down massively and then finishes up. That'll be the beginning of the end of the downturn.
I remember being told what great values the financials were when they were about twice as high as they are now. Stocks often go further than you think they will, either up or down.
For me the best way to make money in the stock market has always been buy high, sell higher. But that only works in a bull market. In the bear market cycle, I just hunker down and wait. Well, that and hold onto anything that's still performing well.
Wednesday, July 9, 2008
Member since:
October 2007
October 2007
Quote:
The best time to buy will probably be after we've had a few more major failures.
I don't think the US Government (and the world economy) can afford to allow major failures of blue chip financials on the scale of BAC. Regional banks on the other hand are a dime a dozen. I'm sure we'll loose several hundred during this cycle. Everyone already knows that BAC is likely to cut dividends substancially (over 50%) in order to shore up its capital strength - and probably use Countrywide as the main excuse. It will be the first year in a long time that BAC hasn't raised dividend payouts. Fifth Third Bancorp recently reduced theirs after increasing them twice last year.
But I just can't justify chasing money (momentum) as a sole buy indicator because I'm not a day trader. As I said, many stocks I've held for many years because they've been good performers over the long term. But I do think BAC is a no brainer at these levels for someone with a longer term outlook (than a day trader). We'll see whether I'm right in 3 years
[Post edited by Skyhawk on Jul 9, 2008]
Wednesday, July 9, 2008
Member since:
October 2004
October 2004
I think buying a basket of the money center banks would be safer than gambling one just one. Maybe XLF would be a decent bet, though I haven't looked at all the components of that one.
If you look back at he 90-91 Savings and Loan crisis, there were certainly golden opportunities out there, but it was hard to separate the wheat from the chaff at the time, as it always is.
I have no doubt that one or more of C, BAC, WFC and others will be a huge performer over the next five to ten years. But I wouldn't jump in until I saw some evidence of it. BAC down another 6% on massive volume today. My one unbreakable rule of investing/trading: never ever buy a stock in a downtrend until it actually stops going down. But to each his own.
If you look back at he 90-91 Savings and Loan crisis, there were certainly golden opportunities out there, but it was hard to separate the wheat from the chaff at the time, as it always is.
I have no doubt that one or more of C, BAC, WFC and others will be a huge performer over the next five to ten years. But I wouldn't jump in until I saw some evidence of it. BAC down another 6% on massive volume today. My one unbreakable rule of investing/trading: never ever buy a stock in a downtrend until it actually stops going down. But to each his own.
Wednesday, July 9, 2008
Member since:
September 2002
September 2002
Chris --
Your investment policy is right on. IDB recommends that one should buy the stock when it is showing consistent signs of going North and not when it is continuously going South. Because investors don't know what the bottom is. Yesterday BAC was up 9%, today it is down 6%. Investors are so jittery that anything in financials is liking taking a big risk. For example, American Exp stock got so battered with the credit crisis even though it is not involved in lending money (I mean mortgage). It is an awesome company with good returns. From financials, I can easily recommend JP Morgan Chase and KBE ETF. It is the only bank that is down 28%. Compare it to its peers, JPM's balance sheet is in better shape. All financial stocks are very slow growth stocks for now. Invest your money and forget it for 5-7 years.
The sad part is apart from Natural Gas (CHK, APA, DVN, CNQ) and agricultural stocks (POT, MOS, AGU, IPI) nothing is worth buying. These stocks are damn expensive based on their P/E ratio but they have good volatile returns.
Like Jim Cramers says - " Stocks will come down to the price you what to pay? Just be patient". This volatile market, my policy is to take out 12-15 % returns or stay on the sidelines.
Your investment policy is right on. IDB recommends that one should buy the stock when it is showing consistent signs of going North and not when it is continuously going South. Because investors don't know what the bottom is. Yesterday BAC was up 9%, today it is down 6%. Investors are so jittery that anything in financials is liking taking a big risk. For example, American Exp stock got so battered with the credit crisis even though it is not involved in lending money (I mean mortgage). It is an awesome company with good returns. From financials, I can easily recommend JP Morgan Chase and KBE ETF. It is the only bank that is down 28%. Compare it to its peers, JPM's balance sheet is in better shape. All financial stocks are very slow growth stocks for now. Invest your money and forget it for 5-7 years.
The sad part is apart from Natural Gas (CHK, APA, DVN, CNQ) and agricultural stocks (POT, MOS, AGU, IPI) nothing is worth buying. These stocks are damn expensive based on their P/E ratio but they have good volatile returns.
Like Jim Cramers says - " Stocks will come down to the price you what to pay? Just be patient". This volatile market, my policy is to take out 12-15 % returns or stay on the sidelines.
Wednesday, July 9, 2008
Member since:
October 2007
October 2007
rpruthee says:
After pumping JDSU and NT just before they burst, that guy has no credibility IMO. He's the last guy I would listen to, but that's just me. In fact, from 1999 to today, I've made a lot of money NOT listening to him!
And the interesting thing, is that these represent many stocks like POT in particular that I've now held for 9 years and am now lightening up on. Perhaps you'll be buying my shares!
Many of these agri stocks have jumped because of the demand for bio-fuels and the government subsidies that have fueled that growth. I don't expect that to continue - especially when people figure out that corn is grown by fertilizer fixed using the energy from oil.
But I did make a killing with them over that time, since I bought them when no one wanted them.
Agreed. I like Canadian banks best for their solid long term returns, and whenever sentiment drops, I usually add a bit. I've held varying amounts of shares in RY and TD for over 10 years straight. They've done me good. I wouldn't own just one financial, same as I wouldn't own one single sector or company. I simply adjust the strength of my holdings over about 40 stocks (all I can manage) across several sectors. Sometimes I only own about 100 shares in one company, the next year I might own 1000 in the same company. If it doesn't perform I drop it like a piece of crap. Over the past 2 years, I lightened my financial sector inventments significantly. Now I've just begun nibbling.
It's done me well over the long term, certainly better than any mainstream mutual funds I'm aware of, including the S&P and TSX, and DJ indexes.
[Post edited by Skyhawk on Jul 9, 2008]
Quote:
Jim Cramers
After pumping JDSU and NT just before they burst, that guy has no credibility IMO. He's the last guy I would listen to, but that's just me. In fact, from 1999 to today, I've made a lot of money NOT listening to him!
Quote:
The sad part is apart from Natural Gas (CHK, APA, DVN, CNQ) and agricultural stocks (POT, MOS, AGU, IPI) nothing is worth buying.
And the interesting thing, is that these represent many stocks like POT in particular that I've now held for 9 years and am now lightening up on. Perhaps you'll be buying my shares!
But I did make a killing with them over that time, since I bought them when no one wanted them.
Quote:
I think buying a basket of the money center banks would be safer than gambling one just one.
Agreed. I like Canadian banks best for their solid long term returns, and whenever sentiment drops, I usually add a bit. I've held varying amounts of shares in RY and TD for over 10 years straight. They've done me good. I wouldn't own just one financial, same as I wouldn't own one single sector or company. I simply adjust the strength of my holdings over about 40 stocks (all I can manage) across several sectors. Sometimes I only own about 100 shares in one company, the next year I might own 1000 in the same company. If it doesn't perform I drop it like a piece of crap. Over the past 2 years, I lightened my financial sector inventments significantly. Now I've just begun nibbling.
It's done me well over the long term, certainly better than any mainstream mutual funds I'm aware of, including the S&P and TSX, and DJ indexes.
[Post edited by Skyhawk on Jul 9, 2008]
Wednesday, July 9, 2008
Member since:
October 2004
October 2004
Quote:
And the interesting thing, is that these represent many stocks like POT in particular that I've now held for 9 years and am now lightening up on. Perhaps you'll be buying my shares!
This reminds me of "American Sucker," the boo by film critic David Denby. Denby's book is actually about his staggering losses in the stock market after the tech bubble burst. While reading it, I had to wonder if he was actually the guy who was buying the tech stocks that I was selling in Spring/Summer of 2000. Reading his film criticism has always made me wonder if he was my polar opposite, and reading how he traded stocks just about confirmed that notion.
My theory is that we are all best at trading the kind of stock market w first learned in. I was a very good momentum trader in the 90s, both at buying and selling (the far more important part!) Swing-trading isn't so much my cup of tea, and that's been all that's worked over the last several years. I've made a profit because I was lucky enough to buy and hold APPL for a couple years. Pretty much all the rest of my trades have been a wash. Or even worse since I was dumb enough to buy CROX when it was "cheap" at $17. Which reminded me to once again never ever violate my rule of not buying a stock that's heading down until it stops heading down.
Oh yeah, and the Weinstein brothers screwed me too. I thought when they turned Wellspring into Genius Productions (or something like that) they might be setting up a micro-cap company for something big. Instead it's teetering on the verge of bankruptcy and trading at 17 cents a share. Not only do you screw up my favorite movies, Harvey Scissorhands, you also fuck up my portfolio!