Major Buy?

[otto105]

As you all know, I am a chart analyst in the stock and commodities market and have been doing this for the past 47 years. Since 2007, I have been offering a service where I give chart information about the stock market and also offer mentions on stocks that may be either good purchases or good sales. I also trade my own account. In fact, my service is "based" on what I trade myself, meaning that every mention I give, I do the trade myself.

I have not had a good experience on this message board when talking politics. There are many people here that without knowing me, have vilified me to the nth degree for my negative evaluation of Trump. I think that ultimately my evaluation of Trump will be successful but that is neither here nor there as far as this OP is concerned.

To "give" something good to the people on this message board, in an attempt to have people know who I am as an evaluator and more so as a person, I am giving you this mention on this stock today for you to consider it. The fundamental outlook for the company is very good but the company right now is at a very low price and has gotten hit recently with a lot of selling interest. In fact, the stock has lost over 50% in value over the past 3 weeks alone.

As such, I am giving you this mention but making you aware of the fact that like everything in life, there are no guarantees. This means take what you want of the mention or NOT. It is entirely up to you. Do keep in mind that 10 rating companies are following this stock and they all have a bullish bias on it with as much as a 600% appreciation to occur within the next 12-24 months.

Here is the comment I gave to my subscribers today on this stock. I will be purchasing more shares of it this week. I am averaged long already and losing money on it (I am presently averaged long at 1.54 and the stock closed on Friday at .97, meaning that is am down on my present investment 38%.

LXRX reported earnings this past week and they were lower than expected and the stock made a new all-time weekly closing low at .975 (below the previous one at 1.01). The stock closed on the low of the week, suggesting further downside below last week’s low at .97 will be seen this week. On an intraweek basis, the all-time low is at .92 and given that the rating on the company has not changed (remains a bullish buy with the 10 rating companies that follow the stock, with H.G Wentworth reiterating its buy rating after the earnings report with a $6 objective), probabilities do not favor the level breaking. On a daily closing basis, any confirmed daily close above 1.01 would take some of the selling pressure off and a daily close above 1.30 would generate a buy signal. An intraweek drop below .92 would further weaken the chart.

Sell sell sell

 

[The Irish Ram]

Then again the "buy low and sell high" is an adage that has been around since time began and it does work.

Having said that, each situation has to be evaluated for its merits and negatives. One thing that is critical to any decision, and that is the risk to reward ratio. Anything above 4-1 should be considered. 4-1 risk to reward ratios means you can be wrong 75% of the time and break even. In THIS case the risk/reward ratio is 60-1. You are risking $10 to make $600 for every 100 shares bought. This is a must-do trade even if it turns out to be a loser.

Financier Bernard Baruch had a different approach.
You never know when a stock will bottom out and start to turn upwards. He would buy when the uptick actually started. Like the letter J. Likewise, you never know when a stock hit's it's high, so wait until the stock actually makes the turn down, like an upside down J. Then sell. That worked well for him, back in the day.
Today, stocks are manipulated. Pfizer was the most owned stock by Congress right before they released the virus on us. Now RFK is going to take a hatchet to Pharma. I'd run from them.

And nothing about stock acumen works with crypto. The wild crypto swings make a day trader want to shoot himself. Yet, Trump is going to legitimize the hell out of it, so strap in and buy now and enjoy the ride. You don't need thousands to buy a coin. You can buy shares of your favorite crypto on various platforms.
Throw a couple of hundred bucks on Bitcoin the next time it takes a dive. It goes up higher than it goes down and is expected to reach $200,000 +. It is history in the making.

 

[JohnDB]

Financier Bernard Baruch had a different approach.
You never know when a stock will bottom out and start to turn upwards. He would buy when the uptick actually started. Like the letter J. Likewise, you never know when a stock hit's it's high, so wait until the stock actually makes the turn down, like an upside down J. Then sell. That worked well for him, back in the day.
Today, stocks are manipulated. Pfizer was the most owned stock by Congress right before they released the virus on us. Now RFK is going to take a hatchet to Pharma. I'd run from them.

And nothing about stock acumen works with crypto. The wild crypto swings make a day trader want to shoot himself. Yet, Trump is going to legitimize the hell out of it, so strap in and buy now and enjoy the ride. You don't need thousands to buy a coin. You can buy shares of your favorite crypto on various platforms.
Throw a couple of hundred bucks on Bitcoin the next time it takes a dive. It goes up higher than it goes down and is expected to reach $200,000 +. It is history in the making.

Actually options trading is destroying the msrket....gamestop and the pet supply company are PRIME examples of manipulation by options trading. Also off book trading is not good either. Baskets of stocks swapped for other baskets.

 

[Toddsterpatriot]

Actually options trading is destroying the msrket....gamestop and the pet supply company are PRIME examples of manipulation by options trading. Also off book trading is not good either. Baskets of stocks swapped for other baskets.

Also off book trading is not good either.

Explain what it is and why it's bad.

 

[JohnDB]

Also off book trading is not good either.

Explain what it is and why it's bad.

The baskets of stocks swapped back and forth is the off book trading. Happens a LOT between hedge funds trying to fly below the radar screen for acquisitions or dispersal of stocks they hold.

 

[JohnDB]

Also off book trading is not good either.

Explain what it is and why it's bad.

Off book trading is BAD and wicked.
We are supposed to be trading in an open and fair marketplace....where the only thing truly secret is the size of your purse.

Meaning all trades are supposed to be transparent.
And if a mutual fund that you own is purchasing a stock you do not like (for whatever reason) you are entitled to know that. Also single stock investors can make plays off of what big boys are doing....making EVERYONE EQUAL. (Equal protection clause cuts both ways here)
No one is supposed to be "more equal than others". Which is what transparency provides.

The SEC has been so corrupt for so long....

 

[Toddsterpatriot]

Off book trading is BAD and wicked.
We are supposed to be trading in an open and fair marketplace....where the only thing truly secret is the size of your purse.

Meaning all trades are supposed to be transparent.
And if a mutual fund that you own is purchasing a stock you do not like (for whatever reason) you are entitled to know that. Also single stock investors can make plays off of what big boys are doing....making EVERYONE EQUAL. (Equal protection clause cuts both ways here)
No one is supposed to be "more equal than others". Which is what transparency provides.

The SEC has been so corrupt for so long....

Off book trading is BAD and wicked.

Why?

And if a mutual fund that you own is purchasing a stock you do not like (for whatever reason) you are entitled to know that.

If they did a trade on the exchange, how do you know?

Also single stock investors can make plays off of what big boys are doing....making EVERYONE EQUAL.

When Fidelity is going to buy 1,000,000 shares of IBM, do they notify you first?
How do you "make plays off of" their impending trade?

 

[JohnDB]

Off book trading is BAD and wicked.

Why?

And if a mutual fund that you own is purchasing a stock you do not like (for whatever reason) you are entitled to know that.

If they did a trade on the exchange, how do you know?

Also single stock investors can make plays off of what big boys are doing....making EVERYONE EQUAL.

When Fidelity is going to buy 1,000,000 shares of IBM, do they notify you first?
How do you "make plays off of" their impending trade?

Ok...Fidelity acts in an agency fashion for you. (If you own shares as required by law) As such they publish their positions in which stocks to you (and others as required by law and are audited to ensure they are not lying)

And if a fund declares they are investing in a certain type of stock (growth, growth and equity, large cap, value, or small cap....& etc) Then they can only buy stocks which fall into the parameters they declare and a million shares of IBM may or may not fit inside those parameters. If not, you have a good civil case for litigation and will win triple damages on top of punitive damages and legal costs for their fraud.

That's the law.

Of course....if they violate their promise and want to pocket the difference....they of course would want to keep that a secret. Which is hiding illegal activity. Violating a laundry list of banking laws while at it.

 

[Toddsterpatriot]

Ok...Fidelity acts in an agency fashion for you. (If you own shares as required by law) As such they publish their positions in which stocks to you (and others as required by law and are audited to ensure they are not lying)

And if a fund declares they are investing in a certain type of stock (growth, growth and equity, large cap, value, or small cap....& etc) Then they can only buy stocks which fall into the parameters they declare and a million shares of IBM may or may not fit inside those parameters. If not, you have a good civil case for litigation and will win triple damages on top of punitive damages and legal costs for their fraud.

That's the law.

Of course....if they violate their promise and want to pocket the difference....they of course would want to keep that a secret. Which is hiding illegal activity. Violating a laundry list of banking laws while at it.

Ok...Fidelity acts in an agency fashion for you. (If you own shares as required by law) As such they publish their positions in which stocks to you (and others as required by law and are audited to ensure they are not lying)

How much time between their 1,000,000 share IBM purchase and the publication of their positions? How do you "make plays off of" their IBM trade?

And if a fund declares they are investing in a certain type of stock (growth, growth and equity, large cap, value, or small cap....& etc) Then they can only buy stocks which fall into the parameters they declare and a million shares of IBM may or may not fit inside those parameters.

OK. So what?

And why are off-exchange trades wicked?

 

[JohnDB]

Ok...Fidelity acts in an agency fashion for you. (If you own shares as required by law) As such they publish their positions in which stocks to you (and others as required by law and are audited to ensure they are not lying)

How much time between their 1,000,000 share IBM purchase and the publication of their positions? How do you "make plays off of" their IBM trade?

And if a fund declares they are investing in a certain type of stock (growth, growth and equity, large cap, value, or small cap....& etc) Then they can only buy stocks which fall into the parameters they declare and a million shares of IBM may or may not fit inside those parameters.

OK. So what?

And why are off-exchange trades wicked?

Because the volume, price, purchases, and sales are recorded and published by the minute....every minute the exchange is open. Also after hours trades are also published....where, volume, and for what price.
The transparency is necessary for honesty.

"Off book" trades means nobody is recording the volume, sales, prices, or anything else. Totally not recorded.

 

[Toddsterpatriot]

Because the volume, price, purchases, and sales are recorded and published by the minute....every minute the exchange is open. Also after hours trades are also published....where, volume, and for what price.
The transparency is necessary for honesty.

"Off book" trades means nobody is recording the volume, sales, prices, or anything else. Totally not recorded.

How much time between their 1,000,000 share IBM purchase and the publication of their positions? How do you "make plays off of" their IBM trade?


"Off book" trades means nobody is recording the volume, sales, prices, or anything else. Totally not recorded.

Show me.

 

[JohnDB]

How much time between their 1,000,000 share IBM purchase and the publication of their positions? How do you "make plays off of" their IBM trade?


"Off book" trades means nobody is recording the volume, sales, prices, or anything else. Totally not recorded.

Show me.

FINVIZ.com - Stock Screener

Stock screener for investors and traders, financial visualizations.

finviz.com

Pick any stock at the above link....any stock at all.
Reports by mutual funds are a minimum of yearly....but can be quarterly.

Candle charts are the basis of any trader.

 

[Toddsterpatriot]

FINVIZ.com - Stock Screener

Stock screener for investors and traders, financial visualizations.

finviz.com

Pick any stock at the above link....any stock at all.
Reports by mutual funds are a minimum of yearly....but can be quarterly.

Candle charts are the basis of any trader.

You're trading 3 months later off of what Fidelity bought?

 

[Toddsterpatriot]

Because the volume, price, purchases, and sales are recorded and published by the minute....every minute the exchange is open. Also after hours trades are also published....where, volume, and for what price.
The transparency is necessary for honesty.

"Off book" trades means nobody is recording the volume, sales, prices, or anything else. Totally not recorded.

"Off book" trades means nobody is recording the volume, sales, prices, or anything else. Totally not recorded.

Show me that none of this info is recorded by anybody.

 

[JohnDB]

You're trading 3 months later off of what Fidelity bought?

Possibly....depending upon total float. Depends also upon the strategies I employ.
But if I know that a large fund is looking to hold a position in a stock or enlarge their position I would want to hold that stock before they finish acquiring all the shares they want of that stock and sell afterwards.
However, straw buyers is money laundering....and illegal again. They put you in jail for that.

 

[JohnDB]

"Off book" trades means nobody is recording the volume, sales, prices, or anything else. Totally not recorded.

Show me that none of this info is recorded by anybody.

It's not recorded....so I cannot show it to you. But it happens a LOT.

 

[Toddsterpatriot]

Possibly....depending upon total float. Depends also upon the strategies I employ.
But if I know that a large fund is looking to hold a position in a stock or enlarge their position I would want to hold that stock before they finish acquiring all the shares they want of that stock and sell afterwards.
However, straw buyers is money laundering....and illegal again. They put you in jail for that.

But if I know that a large fund is looking to hold a position in a stock

How do you know anyone's positions or intentions based on Fidelity's publication of their positions months later?

However, straw buyers is money laundering....and illegal again.

What straw buyers? Where?

 

[Toddsterpatriot]

It's not recorded....so I cannot show it to you. But it happens a LOT.

Prove that no one records any of it.

 

[JohnDB]

Prove that no one records any of it.

I am not going to teach you ALL about stock market training.
Try Investopedia if you want to know more. Then there's a ton of other sites (youTube) as well that have glossaries and lessons.

Investopedia

Investopedia is the world's leading source of financial content on the web, ranging from market news to retirement strategies, investing education to insights from advisors.

www.investopedia.com

 

[Toddsterpatriot]

I am not going to teach you ALL about stock market training.
Try Investopedia if you want to know more. Then there's a ton of other sites (youTube) as well that have glossaries and lessons.

Investopedia

Investopedia is the world's leading source of financial content on the web, ranging from market news to retirement strategies, investing education to insights from advisors.

www.investopedia.com

It's clear you have nothing to teach.
Who cares if my Fidelity mutual fund does a basket trade with a Schwab mutual fund?
Bad and wicked? Dude!