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charpe197
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it seems like you could be bouncing in and out of companies rapidly if you follow the tools is that correct?
Phil Town on Stockpiling vs. Trading
Today I got this email from Jon: Phil Town, Will you be continuing to post on the current market and accumulation? With a ~20%+ move in market from the lows in such a short time and many stocks well above the 30MA how well is accumulation going to work in this case? It looks like you will talk ...
Thanks Phil,
But something I am a little slow on, Let's say that Komatsu (Kmtuy) is attractive at $60.
Say i bought it at 49 because the tools said to. Four days later the tools say to bail. The price is down slightly but then goes up later that week. Am I to wait to look at the tools when the price is near the sticker, or do I Jump in and out with the tools? In your Buffet example he buys more Garmin as it gets lower. Sorry I am just trying to get a handle on this.
Thanks,
Charpe197
Phil Town on Stockpiling vs. Trading
Today I got this email from Jon: Phil Town, Will you be continuing to post on the current market and accumulation? With a ~20%+ move in market from the lows in such a short time and many stocks well above the 30MA how well is accumulation going to work in this case? It looks like you will talk ...
what is stockpiling exactly?
Phil Town on Stockpiling vs. Trading
Today I got this email from Jon: Phil Town, Will you be continuing to post on the current market and accumulation? With a ~20%+ move in market from the lows in such a short time and many stocks well above the 30MA how well is accumulation going to work in this case? It looks like you will talk ...
Hi Doug,
I did not get a reply but he did mention me and Lynn in his next post. I redid my calculations. The first time I used an "estimated EPS growth rate for the next 10 years" as 19%. This gave me a sticker of 286.67 and a mos of 143.34.
The second time I used 15%, a more conservative number and came up with a sticker of 190 and mos of 95. I think that Lynn used a more conservative eps growth rate than 15%. If she did not, than I think her calculations are just way off. I have read the book twice and after seeing her post I went back to page 234 and absorbed something different... that it is a "ballparking" number. So i am hoping with experience i will get good at it. I think a more conservative approach should be taken today with today's economy. I do not think we are out of the woods yet. So even if the experts say 18.7% and I came up with 21.9%(just using eps), maybe we should error on the side of caution... that's why I went back and used 15%. Maybe Lynn's even more cautious calc's are the key.
I am new to this and do not have a lot of money to invest. I will be dealing with $1000 in 4 accounts. One for me and the wife, and 3 individual ones (custodial) for each of my 3 kids. Each only starting with $1000 dollars. I have big dreams for it... we will see what happens. If I do well I will take over my wife's old 401k and our ROTH IRA my self... because the big boys have done nothing with them.
See ya, and let me know what you think,
Charpe197
The Bottom
I just sent this email off to Manny Schiffres, the Editor of the Kiplinger Letter and my debate opponent on Closing Bell with Maria Bartiromo (and I copied Maria). Manny rather sarcastically asked me to call him when we reached "the bottom". Well, I called him, so to speak. We're close enoug...
I am not sure where to post this... so let me know with possible answers.
Has anyone done a sticker on AAPL (Apple)? I come up with a sticker of 286.67, and a MOS of 143.34. I have read the book twice and am finally doing calculations. I am wondering how well i am understanding this. Thank you.
The Bottom
I just sent this email off to Manny Schiffres, the Editor of the Kiplinger Letter and my debate opponent on Closing Bell with Maria Bartiromo (and I copied Maria). Manny rather sarcastically asked me to call him when we reached "the bottom". Well, I called him, so to speak. We're close enoug...
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