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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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scho63 10:03 AM 11-13-2017
I'm buying another 250 GE here at $19.54
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scho63 12:00 PM 11-13-2017
Put order in to buy 250 more GE and it filled at $19.01.

That's it

1,000 shares at cost basis of $19.74
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Demonpenz 01:13 PM 11-13-2017
I can attain Edward Jones is stupid high and it is the worst preformer. I am going to hold though because they are draftin out of my account and I got 3 quarters of withdrawals in there which is good saving for me. So they have to eat.and at-least for now I am executing saving some money. But yeah if I was a boss I would be doing a lot better. I still think people get wrapped up in penny pinching when people at those firms got to eat as well. I feel better day in and day out knowing that I am happier sharing the wealth than being a penny pinching guy. Obviously strategy but hey I haven't been so miserable that I kill myself. Hi five!
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Buehler445 02:38 PM 11-13-2017
Originally Posted by scho63:
Put order in to buy 250 more GE and it filled at $19.01.

That's it

1,000 shares at cost basis of $19.74
Jesus. So you own just under $20,000 of GE stock by itself? :-)

I feel poor.
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lewdog 03:32 PM 11-13-2017
Originally Posted by scho63:
Put order in to buy 250 more GE and it filled at $19.01.

That's it

1,000 shares at cost basis of $19.74
What's your thinking on this?

Long term hold?

Short term gain, sell, profit?
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Amnorix 04:24 PM 11-13-2017
Originally Posted by lewdog:
What's your thinking on this?

Long term hold?

Short term gain, sell, profit?

I've had a very small amount of GE since 2008. Bought at $20.37. It's been a pretty meh investment. In retrospect, I should've sold when it went above $30 in 2016 and/or in 2017.

Dividends haven't been bad over the years, but now it sounds like they might cut them.

Suppose if you think it will quickly get back to $30+...

EDIT: I see GE cut its dividend in half. Blech...
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scho63 09:42 PM 11-13-2017
Originally Posted by Buehler445:
Jesus. So you own just under $20,000 of GE stock by itself? :-)

I feel poor.
Originally Posted by lewdog:
What's your thinking on this?

Long term hold?

Short term gain, sell, profit?
Two year hold.....minimum. I see little downside here as there is no reason to believe they had any accounting fraud, just horrible spending problems.

Jim Cramer said it best, they ran the place like a country club for the last 10 years.

I would have bought X when Hog Farmer did at $20 but I had no free cash at the time. I knew that was a good buy.
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scho63 10:06 AM 11-14-2017
New investment book: "How to Quickly Lose $2,000 in 24 hours in GE Stock" by scho63

:-):-):-):-)

Lucky I bought some puts as a hedge so I'm only down about $800 :-)
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eDave 10:22 AM 11-14-2017
Originally Posted by scho63:
New investment book: "How to Quickly Lose $2,000 in 24 hours in GE Stock" by scho63

:-):-):-):-)

Lucky I bought some puts as a hedge so I'm only down about $800 :-)
IF the new CEO is successful in his streamlining initiative, you will reap the rewards.
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Rain Man 11:05 AM 11-14-2017
Originally Posted by Buehler445:
Jesus. So you own just under $20,000 of GE stock by itself? :-)

I feel poor.
Just under $18,000.

I can laugh at him because I have GE as well.

I may buy some more. It's not like GE is going to go out of business.
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Buehler445 12:53 PM 11-14-2017
Originally Posted by Rain Man:
Just under $18,000.

I can laugh at him because I have GE as well.

I may buy some more. It's not like GE is going to go out of business.
Used to say the same shit about Sears.
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Buehler445 12:54 PM 11-14-2017
Originally Posted by scho63:
New investment book: "How to Quickly Lose $2,000 in 24 hours in GE Stock" by scho63

:-):-):-):-)

Lucky I bought some puts as a hedge so I'm only down about $800 :-)
:-)

This right here is why I felt poor.
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Rain Man 12:55 PM 11-14-2017
Originally Posted by Buehler445:
Used to say the same shit about Sears.
:-)
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Buehler445 01:00 PM 11-14-2017
Originally Posted by Rain Man:
:-)
No business model/structure/capital structure/succession plan/whatever is strong enough to overcome stupid. And there is stupid out there. In spades.
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Amnorix 01:36 PM 11-14-2017
Anyone have any specific thoughts on CIM? I'm thinking about picking up some more of it. I've had it since 2015, and really enjoy the dividends. Stock price has dipped a bit, but I don't see anything bad about its fundamentals.
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