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Old Yesterday, 10:02 PM   #1001
TrustySam
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Re: Work Space for Learning How to Research Stocks

Wound up buying more ripple!

Kind of strange though, that for the first time, wound up being charged something like 20 ripple in transaction fees ... usually it's only about 1?

Anyways, am already up over $1k, so am pretty pleased with my crypto overall - even Oprah hasn't been able to make me that much, this fast


Guess the rally isn't as strong as it could be - but it's pretty decent, considering a lot of people may have gotten a bit spooked by such a huge drop happening so fast? Although the quick gains can be so tempting - wouldn't be surprised if a number of people who got nervous and sold are tempted to come back and give things another try in the next couple of days, once they see that things may be turning around?
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Old Yesterday, 11:37 PM   #1002
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Re: Work Space for Learning How to Research Stocks

Just sold my ripple and booked the profits, because it looked like bitcoin was about to take a turn - and when bitcoin takes a turn, it seems like so often everything else does too? My account was showing a total of $1.9k at the time had pressed the sell button - but it looks like only wound up with $1.5k in my account ... guess the price had started to take a turn, but were the rest fees??

Did it kind of seem like buying was a little more enthusiastic during the daytime in N. America today? Guess if there's been a lot of news in Asia possibly making people a little more nervous, then maybe it may take them a bit more time to warm up to things again?
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Old Yesterday, 11:59 PM   #1003
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Re: Work Space for Learning How to Research Stocks

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Originally Posted by TrustySam View Post
My account was showing a total of $1.9k at the time had pressed the sell button - but it looks like only wound up with $1.5k in my account ... guess the price had started to take a turn, but were the rest fees??
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Old Today, 12:16 AM   #1004
TrustySam
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Re: Work Space for Learning How to Research Stocks

Have some follow-up stuff for that value stock that the stock screener identified as one that may be poised for a turnaround?


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Exploring Value Investing

So next, was hoping to maybe try buying some value stocks, of companies who have been struggling the last while, who appear to have possibly managed to turn things around? Guess stocks of such companies may sometimes have more room to grow because the price of the stocks may have become quite cheap?


Have been looking for ways to try and find potential value stocks, and found a stock screener over at Zacks.com that helped me find some.

And up popped this recommendation, for MDCO ...

With the following analyst estimates:

Maybe in addition to having the chance to possibly earn 100% gains, picking up a couple of shares of this stock may be a chance for me to work on improving my tendency to do the opposite of buying low and selling high?


One thing am not so sure about - have so far only bought stocks of companies who are already turning a profit, so have avoided companies like Tesla (TSLA). Not sure if it would be better to try to find a value stock that's already turning a profit, or maybe it doesn't matter?

Here's this company's earnings for last year:

Guess maybe tomorrow, can try to find out more about why analysts feel the company may be poised for a turnaround this year, and see if that helps?
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The stock from my stock screener's down 6% today - not sure if should be buying the dip, or what? lol

There were a couple of articles listed on the stock's yahoo page that talked a bit more about why the company may do better this year than they did last year - and one of them was especially great, because was wondering if it mattered if the company wasn't turning a profit, and they talked about that in the article.
https://finance.yahoo.com/news/medic...144712327.html


They were saying that if a company isn't turning a profit, then it's important for them to have enough cash to be able to cover their costs - and they feel that MDCO should be able to do that?

Guess they sold off a division that they weren't able to manage profitably, and the deal they made will still earn them royalties on any of the medications that get sold? So they were able to pocket some money from the sale, and now they'll be making money instead of losing money from that division - and they're operations will be streamlined to focus on developing a new cholesterol drug they hope to have ready for FDA approval by the end of this year?


Have been buying those short-term options, and then selling them before they expire. They also have longer-term options, where the holder can buy shares for a set price at the agreed-upon time - maybe that might be a neat way to give value investing a try ... buy buying an option to buy shares instead?

One option to buy 100 shares for $25 in a year's time would only cost $500 - and then here's some other ways an option would be different from buying 100 shares for $25 right now ...

The analysts are predicting that the share price could rise to as high as $49.50 by next year - but guess right now, the market only feels the company is worth $25.37? MDCA was down another 3% today at one point, before rebounding a little - so it feels like there's more risk involved in investing $2,500 in this company, than in something else like Amazon?


One nice thing about the option only costing $500 is that there'd still be $2k free to invest in something that feels safer, like Amazon?

Guess one not so nice thing about the option is that will need for the price of MDCO to go higher than $30 just to break even - and if the price of MDCO in a year's time is $24.99, will lose the entire $500?


Also, the only person willing to sell a $5 option (for 100 shares) actually wants $5.80 for it - guess $80 isn't so much of a difference in $, but was reading in a book that paying more for an option than 1/25 of the strike price of $25 is a super fish move? Guess the higher price will make it that much harder to turn a profit, if the company isn't able to meet analyst expectations?


Does $580 seems like a good enough deal? Would people rather be the person selling the $580 option, given that MDCO is a bit of a train-wreck?

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Old Today, 12:22 AM   #1005
TrustySam
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Re: Work Space for Learning How to Research Stocks

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LOL!!

Ahhh, Sam's such a fish

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Old Today, 01:21 AM   #1006
TrustySam
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Re: Work Space for Learning How to Research Stocks

Almost forgot - was able to find two other companies who will be reporting earnings next week, that seemed like they might be okay to try buying short-term options for, and was able to get a nice price on them?



These are the things that can have 90% swings in a day - so a week's a long ways away. Was lucky to have made something like a 70% return on my first one for Citigroup, and the super swingy one Morgan Stanley has their earnings report tomorrow - so hope that goes okay?


And hopefully crypto may pick up again tomorrow morning when everybody's up in N. America?


Night everybody
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